FAMILY UNITED
Report of the Trustees
The charity is managed and run by the trustees according to its constitution. The trustees are responsible for managing and safeguarding the assets of the charity
Objectives and activities
The charity’s objective is to provide relief of financial hardship and advancement of education, either generally or individually, of socially and economically deprived families living in London and Sierra Leone.
The charity is helping the families by providing grants to:
-
Pay for private tuition for children who are not achieving academically the minimum academic standard for their age
-
Pay for children to attend after school social clubs for homework support
-
Pay for day trips and short breaks for children and their families which they could not otherwise afford
-
By providing such families with goods and services which they could not afford through the lack of means.
Achievements and performance
During the year the charity performed various activities successfully such as donations for burials and made donations to other charitable organisations.
ON BEHALF OF THE BOARD:
Mr M Jah – Trustee
31 January 2022
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2021
for
FAMILY UNITED
FAMILY UNITED
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Trustees | 2 |
| Income and Expenditure Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Chartered Certified Accountants' Report | 7 |
| Detailed Income and Expenditure Account | 8 |
FAMILY UNITED
Company Information
for the Year Ended 31 March 2021
TRUSTEES: Mr A Jalloh Mrs A Kallon Mr M Jah Mr A A Kamara Mr L Banya REGISTERED OFFICE: 47 Hawthorn Avenue Rainham RM13 9AT CHARITY NUMBER: 1174731
| ACCOUNTANTS: | Samuelsons & Co |
|---|---|
| Chartered Certified Accountants | |
| The Brentano Suite | |
| Solar House | |
| 915 High Road | |
| North Finchley | |
| London | |
| N12 8QJ |
Page 1
FAMILY UNITED
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the company for the year ended 31 March 2021.
TRUSTEES
The trustees shown below have held office during the whole of the period from 1 April 2020 to the date of this report.
Mr M Jah Mr A A Kamara
Other changes in directors holding office are as follows:
Mr A Jalloh - appointed 14 May 2020 Mrs A Kallon - appointed 11 April 2020
Mr L Banya was appointed as a trustee after 31 March 2021 but prior to the date of this report.
TRUSTEES REPORT
The charity is managed and run by the trustees according to its constitution. The trustees are responsible for managing and safeguarding the assets of the charity
Objectives and activities
The charity’s objective is to provide relief of financial hardship and advancement of education, either generally or individually, of socially and economically deprived families living in London and Sierra Leone.
The charity is helping the families by providing grants to:
-
Pay for private tuition for children who are not achieving academically the minimum academic standard for their age
-
Pay for children to attend after school social clubs for homework support
-
Pay for day trips and short breaks for children and their families which they could not otherwise afford
-
By providing such families with goods and services which they could not afford through the lack of means.
Achievements and performance
During the year the charity performed various activities successfully such as donations for burials and made donations to other charitable organisations.
This report has been prepared in accordance with the provisions of Charity’s Act 2011 relating to charities.
ON BEHALF OF THE BOARD:
Mr M Jah – Trustee
- 31 January 2022
Page 2
FAMILY UNITED
Income and Expenditure Statement for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Notes | £ | £ | |
| INCOME | 11,009 | 18,117 | |
| Charitable expenses | 6,028 | 6,404 | |
| GROSS INCOME | 4,981 | 11,713 | |
| Administrative expenses | **3,904 ** | 19,659 | |
| OPERATING INCOME | 4 | 1,077 | (7,946) |
| Interest receivable and similar income | 1 | 13 | |
| EXCESS OF INCOME BEFORE TAXATION | 1,078 | (7,933) | |
| Tax | 5 | - | - |
| EXCESS OF INCOME FOR THE | |||
| FINANCIAL YEAR | 1,078 | (7,933) |
The notes form part of these financial statements
Page 3
FAMILY UNITED (CHARITY NUMBER: 1174731)
Balance Sheet 31 March 2021
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Retained earnings 8 |
31.3.21 £ 3,477 1,580 |
£ 798 1,897 2,695 2,695 2,695 |
31.3.20 £ 2,900 1,500 |
£ 217 1,400 |
|---|---|---|---|---|
| 1,617 | ||||
| 1,617 | ||||
| 1,617 |
The Charity is entitled to exemption from audit under Section 144(2) of the Charity Act 2022 for the year ended 31 March 2021.
The trustees have not required the charity to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with the provisions of charities Act 2011.
The trustees acknowledge their responsibilities for:
-
(a) ensuring that the charity keeps accounting records which comply with Sections 132(1) of Charities Act 2011 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of each financial year and of its income and expenditure for each financial year in accordance with the requirements of the Charities Act 2011 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31January 2022 and were signed on its behalf by:
Mr M Jah - Trustee
The notes form part of these financial statements
Page 4
FAMILY UNITED
Notes to the Financial Statements for the Year Ended 31 March 2021
1. STATUTORY INFORMATION
Family United is a charity registered in England and Wales. The charity's registered number and registered office address can be found on the Charity Commissions Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
3. EMPLOYEES AND TRUSTEES
The average number of employees during the year was NIL (2020 - NIL).
Page 5
continued...
FAMILY UNITED
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
4. OPERATING INCOME
The operating Income (2020 - operating loss) is stated after charging:
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation - owned assets | 158 | - |
5. TAXATION
Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 March 2021 nor for the year ended 31 March 2020.
6. TANGIBLE FIXED ASSETS
7.
8.
| TANGIBLE FIXED ASSETS | ||
|---|---|---|
| Computer | ||
| equipment | ||
| £ | ||
| COST | ||
| At 1 April 2020 | 217 | |
| Additions | 739 | |
| At 31 March 2021 | 956 | |
| DEPRECIATION | ||
| Charge for year | 158 | |
| At 31 March 2021 | 158 | |
| NET BOOK VALUE | ||
| At 31 March 2021 | 798 | |
| At 31 March 2020 | 217 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Accrued expenses | 1,580 | 1,500 |
| RESERVES | ||
| Retained | ||
| earnings | ||
| £ | ||
| At 1 April 2020 | 1,617 | |
| Net Income over Expenditure | 1,078 | |
| At 31 March 2021 | 2,695 |
Page 6
Chartered Certified Accountants' Report to the Board of Trustees on the Unaudited Financial Statements of Family United
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Family United for the year ended 31 March 2021 which comprise the Income Statement, Balance Sheet and the related notes from the charity's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.
This report is made solely to the Board of Trustees of Family United, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Family United and state those matters that we have agreed to state to the Board of Trustees of Family United, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Trustees, as a body, for our work or for this report.
It is your duty to ensure that Family United has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Family United. You consider that Family United is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Family United. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Samuelsons & Co Chartered Certified Accountants The Brentano Suite Solar House 915 High Road North Finchley London N12 8QJ
31 January 2022
This page does not form part of the statutory financial statements
Page 7
FAMILY UNITED
Detailed Income and Expenditure Account for the Year Ended 31 March 2021
| Income Member's monthly subscriptions Donations Charitable Expenses Community events Charity & fundraising expenses GROSS INCOME Other income Deposit account interest Expenditure Hall Hire Hire of equipment Telephone & internet Printing, postage & stationery Advertising and publications Travelling Insurance Computer running expenses Sundry expenses Accountancy Consultancy fee Donations Depreciation Computer equipment NET INCOME OVER EXPENDITURE |
31.3.21 £ 215 10,794 5,375 653 579 - 229 533 - 673 - 424 236 480 540 **52 ** |
£ 11,009 6,028 4,981 1 4,982 3,746 1,236 158 1,078 |
31.3.20 £ 435 17,682 4,680 1,724 1,754 942 161 26 5,881 4,255 72 231 73 500 4,721 1,043 |
£ 18,117 6,404 11,713 13 11,726 19,659 (7,933) - (7,933) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 8