CHARITY COMMISSION FOR ENGLAND ANO WALES Trustees, Annual Report for the period From 0110412023 To 3110312024 Charity name: S.M.l.L.E LONDON & ESSEX Charity registration number: 1177989 Objectives and Activities SORP reference Para1.17 Summary ofthe purposes of the charily as set out in its governing document To help individuals and families in London and Essex who are suffering from homelessness. poverty, and low Income Clothing Bank (Providing free clothing- and the opportunity for the familles to choose the garments they wish) Free School uniform Welcome Home Boxes la box filled with essentials for the f irst 24 hours in a new homel Christmas Present Appeal Easter Egg appeal Surnmary of the main activities in relation to those purposes for the public benefit, in particular, the actsvities, projects or services identified in the accounts. Para 1 17 and 1.19 Prom Appeal statement corsfirming whether the trustees have had regard lo the guidance issued by the Charity Commission on public benefit Pats 1.18 Confirmed trustees have had regard to the guidance issued by the Charity Commission on public benefit Additional information {optlonall You ma choose to include further slatements where relevant about.. SORP refeTen NIA Para 1.38 Policy on grant making NIA Pgrp 1.38 Policy on social investment including program related investment
Our volunteers contrlbute to the runnlng of our charity. we recruit via a local volunteer centre. Their roles range from general admin to sortingl packing of donations, driving and inventory of oods. NIA Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP referee CHRISTMAS One of our main appeals is to provide Chrlstmas presents for children living in homeless hostels in London and Essex. 2023's Christmas shoebox appeal was a great success. The local community supported us with donations of goods as well as financial aid. We were pleased to hand out a total of 2700 presents to children in poverty. The children we helped would be without presents if it was not for our appeal. Runnlng thls appeal through our social media platforms benefited not only our cllents but also the local community to remove the tsboo of poverty in the UK. We received a high amount of feedback from the community who yre not aware of the plight of poverty in the local area. The children who received the presents were overwhelmed with the generosity. They are no longer isolated from their peers and have a common experlÈnce to their peers with receiving presents Christmas morning as well as a Christmas dinner provided by S.M.l.L.E Summary ofthe main achievements of the charity, identifying the difference the charity s work has made to the Circumstances of ils beneficiaries and any wider benefits to society as whole. Para 1.20 TOOLS FOR SCHOOL This year's school uniform appeal was extremely busy. We provided full school unlform for 408 children aged 3-16 COMMUNITY FOOD PANTRY We partnered up with The Felix Project to redistribute good quality food destined for landflll. We progressed from gifting fresh food products to having a fully stocked pantry of long life food items. In 2023-2024 we distributed £35.000 worth of food weighing 37,625 KG
Additional information loptionall You ma choose to include further statements where relevant about.. For each appeal where we had the precise number of clients to support. we achieved this with a minimum of 100° Wtth most of the appeals ending with overachievements on the original targets set. Achievements against objectives sel Para 1.41 EASTER This year we were able to provide 1740 children with a chocolate egg to celebrate Easter wlth thelr peers. This year we were able to secure a large fund of £54,000 from The Natlonal Lottery to support wages and running costs. We also received an additional £20,000 from them through a different grant to support the upkeep of the food pantry. Performance of fundraising activities against objectives set Para 1.41 In addltion to these 2 large grants Y were granted £2.500 to purchase goods for our New Home Boxes and £2000 from nelghbourly to add more stock to the pantry. We have also set up a Small shop to sell donation items at a low cost to help raise more funds. This year it has generated just over £5000 which will help with the risin costs of the utllities. NIA Investment performance against objectives Para 1.41 NIA Other
Financial Review Review of the charity's financial position at the end of the period Par8 1.21 The charity is in a good position at the end of the financial period with total funds carried forward of £117.725 at the period end and a net income for the year of £42,575 Due to the nature of the charity. we have many families in crisis approach us out of the appeal dates. Therefore. we requlre the reserves to cover any support re uired b our clients. £117726 NIA Statement explaining the policy for holding reserves slating why they are held Para 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1 22 P31a 1.22 Para 1.24 NIA Para 1.23 NIA- No uncertainties Additional information {optional} You ma ch005e to include further statements where relevanl aboul.. M05t of our unrestricted funds are generated from community donations. This is via 3rd party fundraising, as well as focused social media fundraising campaigns. We have also received restrictive grants from Neighbourly, ASDA and National Lotter communit fund. NIA The charity's principal sources of funds (including any fundraising) P8ra 1.47 Investment policy and objeclives including any social investment policy adopted Para 1.46 NIA A description of the principal risks facing the charity P8ra 1.46 NW Other
Structure, Governance and Management Description of charity'5 trusts.. A Charitable incorporated Organisation (Foundation Structure) Constitution Document Type of governing document Para 1.25 How is the charity constituted? Para 1.25 CIO (Foundation Structure) Truslee selection melhods including details of any constitutional provisions e.g. election to Post or name of any person or body entitled to appoint one or more trustees Para 1.25 The CIO must have a board of no fewef than 3 trustees, New trustees may be recruited to the board and any time by the trustees. In selectlng indivlduals for the appointment of a trustee, the trustees have regard to the skllls. knowledge and experience needed for the effective administration of the CIO. The trustees may, by and from their numbers and from time to time, elect such officers (Chair, sretsry, treasurer) as the see fit. Additional information (optionall You ma choose lo include further stalemenls where relevant about.. All new trustees are given a copy of the Constitution, previous AGM meetings and a copy of the previou5 yearfs accounts. Policies and procedures adopted for the induction and training of trustees Para 151 The charity TS not part of a wlder network. The charity's organisalional structure and any wider neork with which the harity works Para 1.51 NIA Relationship with any related parties Para 1.51 NIA other Reference and Administrative details Chari name other name the chari uses Charity's principal addsS S.M.l.L.E London 8 Essex 40 High Street, Romford. RM1 1 HR
Names of the charity trustees who manage the charity Name of person lor bodyl entttled to appoint trusts• lif an Trustee name Offlce Ilf any) Dates acted If not for whole year Maria Quaife Chair 1710412018- 0111112019 1710412018- 0110312019 1710412018- 0111012018 Trishna Oatta Secretary Mubasher Mumtaz Paul Perry Maisie Wilson Chair 0111012018 - cu¥rent 0111012018 - 2710112020 VQendy Haxell Jamie Carr Secretary 0111112019- current 2710112020- Current 10 12 13 14 15 16 17 18 19 20 Cor orale trustees - names of the directors at the date the re ortwasa roved Director name Name of trustees holding title to property belonging to the charity Trustee name Dates act•d if not for whole
Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects of Ihe charity on whose behalf the assets are held and how this falls within the custodian charity's objects NIA Details of arrangements for safe custody and segregation of such assets from the charity's own assets NIA Additional information {optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional informatlonl Maria Quaife - Chief Executive Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information
Declarations The trustee$ declare that they have approved the trustees, report above. Signed on behalf of tho charty's trustees Signatur8(s} Full name(s) hJFx' c) IFFtrX£L Positlon (eg Secretary, Chair, etc) Secretsry Dats 071011202
REGISTERED COMPANY NUMBER.. CE013825 {England and Wales) REGISTERED CHARITY NUMBER: 1177989 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR S.M.I.L.E. LONDON & ESSEX Lucenlum Business Services Ltd Beckwi(h Barn Warren Estate Lordship Road Chelmsfo Essex CM1 3wr
S.M.I.LE. LONDON & ESSEX CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pag• Report of the Trustees Independent Examlner's Report Statement of Financial Acttvities Balance Sheet Nots¥ to the Financial Statgm•nts 5 to 9 Detsiled Statoment of Financial Activities 10
S.M.I.LE. LONDON & ESSEX REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tnjstees vtho are also ljlrec1 of the chadty ts the purp(e5 of the CoFnpanie5 AGt 2006, present Iheir report wrlh the financial statements of the charity for the year ended 31 Mar¢h 2024. The trustees have adopted the prowsions of Accounting and Reporting by Charities.. Statement of Re(wimended Practice applicab19 to chaTiligs proparin9 thgir accouftts in accordanc8 wrih th9 Financial Roporting Standard ap[Alcab in the UK aThl Repubh'c of Ireland (FRS 102) {effecar¥e 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The Gharity is giStered as a Charitable Inwrw)rated Organisation ICIOI and controlSwJ by its constitutton. as defined by the Companies Act 2006 and Charits Act 2011. REFERENCE AND ADMINISTRATIVE OEfAILS Reglstoted Company numbe¥ CE013825 (England and Wales) Reglsterod Charlty number 11779Ag RegistèFed office 40 High Street E55ex RM1 1HR Trustees PP9ry W Haxoll Jca Independent Examinar Luixntum Business Service5 Ltd Beckwrth Bam Watren Eate Lordshlp Roao Che1rn3forrl CM1 31 .oI.Ioi.Iio Approved ty order of the board oftruslees on . .. . .. and signed on its beha by: W Haxell- Trustee Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF S.M.I.L.E. LONDON & ESSEX Indepwdent ftxaminefs rèport to the trustees of S.M.I.LE. London & Essex {'the Company'l I report to the charty Iruslees on my examinatDn of the accounts of Ihe Company for the year ended 31 March 2024. Responsibilltie$ and basis of report As the charity's Iwstees of the Company (and also its directors fc* the purposes of company lawl you are responsible for the pparatiOn of the acnts in accordance wlh the requirements of the Companiès A¢1 20061.lhe 20(E Acri. Having salisfRd myself that the accounts of the Company are not required to be audited under Part 16 of the 20C6 Act and are eligible for independent examin8ts'on, I report in respect of my examination of your chanty's accounts as carried out under Section 145 of the Charities Act 2011 Ilhe 2011 Acl'l. In carrying out my examination I have folled the DirectK)ns given by the Charity Commission under Section 145151 Ib) of the 2011 Act Independent examinerfs statement Since your charty's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confimi that l am qualified to undertake the examination because l am a member of the Inslrtule of Chartered Accountants in England and Wales, which is one of the listed bodies. I have C£Jmpbled my examination. I confimi th81 no matters have come to my attention in connection with the examinatDn giwng me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2(K16 Act., OT the accounts do not accord with those records., or the accounts do not compty with the accounliro requiremerits of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance with the methods and principles of the Slalernenl of Recommended Practice for accounting and feporting by charith.es (applicable to charities preparing their accounts in accordan with the Finaneial Reporttng Standard applicable in the UK and Republic of IieLgnd IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attenbon should be drawn in this report in ordef to enable a proper understanding of the accounls to be reached. rimolhy Harbour Bsc FCA The Institute of Chartered Accountants in England and WaS LUnturn Business Services Ltd Beckwifh Barn Warren Estate Lordship Road Chelmsford Essex CM13 Date.. 07101/2" Page 2
S.M.I.L.E. LONDON & ESSEX STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 184,782 76,154 280.936 187,930 EXPENDITURE ON Charitsble activitiès General 143,086 66,260 209.346 169.014 Other 8.724 291 9.015 836 Tota5 151,810 66,551 218.361 169,850 NET INCOME 32,972 9.603 42.575 18,080 RECONCILIATION OF FUNDS Total funds brought forward 61,285 13,866 75.151 57,071 TOTAL FUNDS CARRIED FORWARD 94.257 23,469 117.726 75.151 The notes fomi part of these finanrjal Statements Page 3
S.M.LLE. LONDON & ESSEX BALANCE SHEET 31 MARCH 2024 2024 Total fijnds 2023 Total ld8 Unreslricted Restrtcted nd funds CURRENT ASSETS Sfrxks 25.674 200 70.481 25,674 2(K> 91.852 24.861 Cash at bank 21,371 49.810 21.3T1 117.726 75,151 NEf CURRENT ASSETS 96.355 21,371 117,726 75.151 TQTAL ASSEfs LESS CURRENT LIABIUTI&g 96.355 21.371 117,726 75,151 NET ASSETS 96.355 21,371 117,726 75,151 FUNE)S Unrestncted funds Restricted funds 94,257 61.28S 13.866 TOTAL FUNDS 117.726 75.151 The charitable company Is entitled to exemplJ"on from audit under SeOn 477 of the Companies Act 2006 for the year ended 31 Mar¢h 2024. The mmbers have not required tho comp&ny to obtain an audit of ils [nCIal $tatements year ended 31 Marth 2024 h a¢rnrdance with Section 476 of the Ccxnpanies Act 2006. The tnJstee5 acknovledgg Iheir reswnsibilrtles for {al ensuring that Ihe charitabl8 company keeps a¢counkn'ng records that comply with Seth'ons 386 and 387 of the Crxnpaniès Act 2006 and Ibl preparing financial statements whlch give a true and fair of the state of affairs of the charrtabte company as at the end of financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and Mthich otheN4ise c4)mply with the requirements of the Companies Ad 21 relating to ftnancial statements. so far as appluble to the charitabl8 1>)mpany. These financial staternents havÈ been prepared in accordance with tho provision$ applcabte to charitable Jmpanies subjed to the small mpanIeS regim8. The ) nts were approvod by thg Board of Twstees and aulIriSe(l for issue .. and w8re signed on ils behalf by. W Haxell- TNstee The notes fo part of these financial sL8temenls
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalemenls of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo ch8nties preparing Ihar accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. In¢om* All Income 15 recognised in the Slalement of Financial Activi($ once the eharty has enlillemenl lo the funds, il i8 probable that the income will be received and the amount can be measured relkgbly. Exp9nditur Liabilities are recognised as expenditure soon as there is a legal or constructive obligation committing the charity lo that expendilyre, il is probable that a transfer of economic benefits will be requiied In settlement and the amoLinl of the obligab.on can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost re1 to the category. ere costs cannot be directly attributed lo partular headings they have been allc¢aled to activities on a basis consistent with the use of resources. Stocks Stocks are valued al the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. Taxallon The charity is exempl from corporation tax on its charitable actsMtEs. Fund accounting Unrestrided funds be used in accordance with the charitable objectives al the discretion of the trustS. Reslrieled ftjnds can only be used for particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nabjre and purpose of each fund is included in the notes to the financial statements. TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees. remunerats'on or other benefrts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor ft)r the year ended 31 March 2023. Page 5 continued...
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM t)onalDns and legacies 140,930 47,000 187,930 EXPENDITURE ON Charitable activities General 105,117 63,897 189,014 Other 740 836 Total 105,213 64,637 169,850 NET INCOMEIIEXPENDITUREI 35,717 117,6371 18,080 RECONCILIATION OF FUNDS Total funds brought fotwald 25,568 31,503 57.071 TOTAL FUNDS CARRIED FORWARD 61,285 13.866 75,151 STOCKS 2024 2023 Stocks 25,674 24,861 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 200 MOVEMENT IN FUNOS Nel movement in funds At 3113124 Al 114123 Unrestricted funds General fund 61,285 32.972 94,257 Restricted funds The Natronal Lottery Community Fund Bringing a SMILE to the community Cost lo up keepthe panty The Nation81 Lottery CommLsnty Fund - SMILE Community Pantry 12,098 1,768 19,35S> 11,0411 2,742 727 20,000 20,000 13,866 9,603 23,469 TOTAL FUNDS 75,1 $1 42,575 117,726 Page 8 ontinuetJ..
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued Nel movement in funds, included in the above are as follows. Incoming resources Resources expended Movement in NdS Unrestricted funds Genera1 fund 184,782 (151,810> 32.972 Rèstricted funds The NaliDnal Lottery Communty Fund - Bringing a SMILE lo the community Cost to up keep the pantry HTH - New Home Box serVe The National Lottery Community Fund - SMILE Communty Pantry 41,403 2,251 2,500 150.7591 13.2921 12,500) 19,356} 11,0411 30,000 110,0001 20,000 76,154 166,551 } 9.603 TOTAL FUNDS 260,936 {218,3611 42,575 Comparatives for movement In funds Nel movement in funds Al 3113r23 Al 114122 Unrestricted funds General fund 25,568 35.717 61,285 Restrict fund$ The National Lottery Community Fund Bnnging a SMILE lo the community Cost lo up keep the pantry 31,503 119,4051 1,768 12.098 1.768 31,503 117,6371 13,866 TOTAL FUNDS 57,071 18,080 75.151 Page 7 continued...
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included In the above are as follows.. Incoming resour5 Resources expended Movement in fijnds Unrestricted funds General fund 140,930 {105,2131 35,717 Restricted funds The National Lottery Community Fund Bringing a SMILE lo the communty Cost to up keep the pantry 44,000 3,000 163.4051 11,2321 119,4051 1,768 47,000 164,6371 117,6371 TOTAL FUNDS 187,930 (169,850} 18,080 A current year 12 months and prior year 12 months CLJmbined posit(on is 88 follows.. Nel tTh)vement in funds Al 3113124 Al 114122 Unrestricted funds General fund 25.568 68.689 94,257 Restricted funds The National Lottery Community Fund Bringing a SMILE lo the community Cost to up keep the pantry The National Lottery Communty Fund SMILE Ccmmunily Pantry 31.503 128,7611 727 2.742 727 20.000 20,000 31,503 18,0341 23.469 TOTAL FUNDS 57,071 60.655 117,726 Page 8 continued...
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL sTATEmES- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued A current year 12 months and prtor year 12 monlhs combined nel movement in fLnds, included in the above are as follows.. Incoming resour$ Resour expended Movement in funds Unrestricted funds General fund 325,712 1257.0231 68,689 Restricted funds The National Lottery Communty Fund Bringing a SMILE lo the community Cost lo up keep the pantry HTH - New Home Box service The National Lottery Community Fund - SMILE Communty Pantry 85.403 5,251 2,500 1114,1641 {4,5241 12,5001 128,7611 727 30,000 {10,0001 20,000 123,154 {131,1881 {8.0341 TOTAL FUNDS 448,886 1388,2111 60,655 RELATED PARTY DISCLOSURES There were no reLted p8rty transaction$ for Ihe year ended 31 March 2024. Page 9
S.M.I.L.E. LONDON & ESSEX DETAILED STATEMENT OF FINANCIAL ACTrvrriES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donation8 and legacies Donation5 Grants Shop income Donated services and facilibes Goods clonated 43.649 76.403 5.615 25.332 109,937 46.414 47.000 25,332 69,184 260,936 187,930 Total Incoming re8our¢e8 260,936 187.930 EXPENDITURE Charitable activiti•$ Ch8rrtable activities Volunteer expenses Goods distributed 8.153 504 100,424 14,869 275 59,424 109,081 74.$68 Other Fundraising event eosts Training Wastage 308 528 315 8.700 9,015 836 Support costs Management Wages Social secufity Office capital Insurance Telephone Postage and stslionery Marketing Logistics Store Accountancy Rent 63,051 883 786 228 2,090 788 58,609 398 1,707 228 1,193 1.287 378 2,926 1,935 228 1,912 26,835 1.794 25,452 98,736 93,972 Information technology Repairs and renewals 1.529 474 Total resources expended 218,361 169.850 Nèt income 42,575 18,080 This page does not fomi part ol the statutory financial statements Page 10
REGISTERED COMPANY NUMBER.. CE013825 {England and Wales) REGISTERED CHARITY NUMBER: 1177989 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR S.M.I.L.E. LONDON & ESSEX Lucenlum Business Services Ltd Beckwi(h Barn Warren Estate Lordship Road Chelmsfo Essex CM1 3wr
S.M.I.LE. LONDON & ESSEX CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pag• Report of the Trustees Independent Examlner's Report Statement of Financial Acttvities Balance Sheet Nots¥ to the Financial Statgm•nts 5 to 9 Detsiled Statoment of Financial Activities 10
S.M.I.LE. LONDON & ESSEX REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tnjstees vtho are also ljlrec1 of the chadty ts the purp(e5 of the CoFnpanie5 AGt 2006, present Iheir report wrlh the financial statements of the charity for the year ended 31 Mar¢h 2024. The trustees have adopted the prowsions of Accounting and Reporting by Charities.. Statement of Re(wimended Practice applicab19 to chaTiligs proparin9 thgir accouftts in accordanc8 wrih th9 Financial Roporting Standard ap[Alcab in the UK aThl Repubh'c of Ireland (FRS 102) {effecar¥e 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The Gharity is giStered as a Charitable Inwrw)rated Organisation ICIOI and controlSwJ by its constitutton. as defined by the Companies Act 2006 and Charits Act 2011. REFERENCE AND ADMINISTRATIVE OEfAILS Reglstoted Company numbe¥ CE013825 (England and Wales) Reglsterod Charlty number 11779Ag RegistèFed office 40 High Street E55ex RM1 1HR Trustees PP9ry W Haxoll Jca Independent Examinar Luixntum Business Service5 Ltd Beckwrth Bam Watren Eate Lordshlp Roao Che1rn3forrl CM1 31 .oI.Ioi.Iio Approved ty order of the board oftruslees on . .. . .. and signed on its beha by: W Haxell- Trustee Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF S.M.I.L.E. LONDON & ESSEX Indepwdent ftxaminefs rèport to the trustees of S.M.I.LE. London & Essex {'the Company'l I report to the charty Iruslees on my examinatDn of the accounts of Ihe Company for the year ended 31 March 2024. Responsibilltie$ and basis of report As the charity's Iwstees of the Company (and also its directors fc* the purposes of company lawl you are responsible for the pparatiOn of the acnts in accordance wlh the requirements of the Companiès A¢1 20061.lhe 20(E Acri. Having salisfRd myself that the accounts of the Company are not required to be audited under Part 16 of the 20C6 Act and are eligible for independent examin8ts'on, I report in respect of my examination of your chanty's accounts as carried out under Section 145 of the Charities Act 2011 Ilhe 2011 Acl'l. In carrying out my examination I have folled the DirectK)ns given by the Charity Commission under Section 145151 Ib) of the 2011 Act Independent examinerfs statement Since your charty's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confimi that l am qualified to undertake the examination because l am a member of the Inslrtule of Chartered Accountants in England and Wales, which is one of the listed bodies. I have C£Jmpbled my examination. I confimi th81 no matters have come to my attention in connection with the examinatDn giwng me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2(K16 Act., OT the accounts do not accord with those records., or the accounts do not compty with the accounliro requiremerits of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance with the methods and principles of the Slalernenl of Recommended Practice for accounting and feporting by charith.es (applicable to charities preparing their accounts in accordan with the Finaneial Reporttng Standard applicable in the UK and Republic of IieLgnd IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attenbon should be drawn in this report in ordef to enable a proper understanding of the accounls to be reached. rimolhy Harbour Bsc FCA The Institute of Chartered Accountants in England and WaS LUnturn Business Services Ltd Beckwifh Barn Warren Estate Lordship Road Chelmsford Essex CM13 Date.. 07101/2" Page 2
S.M.I.L.E. LONDON & ESSEX STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 184,782 76,154 280.936 187,930 EXPENDITURE ON Charitsble activitiès General 143,086 66,260 209.346 169.014 Other 8.724 291 9.015 836 Tota5 151,810 66,551 218.361 169,850 NET INCOME 32,972 9.603 42.575 18,080 RECONCILIATION OF FUNDS Total funds brought forward 61,285 13,866 75.151 57,071 TOTAL FUNDS CARRIED FORWARD 94.257 23,469 117.726 75.151 The notes fomi part of these finanrjal Statements Page 3
S.M.LLE. LONDON & ESSEX BALANCE SHEET 31 MARCH 2024 2024 Total fijnds 2023 Total ld8 Unreslricted Restrtcted nd funds CURRENT ASSETS Sfrxks 25.674 200 70.481 25,674 2(K> 91.852 24.861 Cash at bank 21,371 49.810 21.3T1 117.726 75,151 NEf CURRENT ASSETS 96.355 21,371 117,726 75.151 TQTAL ASSEfs LESS CURRENT LIABIUTI&g 96.355 21.371 117,726 75,151 NET ASSETS 96.355 21,371 117,726 75,151 FUNE)S Unrestncted funds Restricted funds 94,257 61.28S 13.866 TOTAL FUNDS 117.726 75.151 The charitable company Is entitled to exemplJ"on from audit under SeOn 477 of the Companies Act 2006 for the year ended 31 Mar¢h 2024. The mmbers have not required tho comp&ny to obtain an audit of ils [nCIal $tatements year ended 31 Marth 2024 h a¢rnrdance with Section 476 of the Ccxnpanies Act 2006. The tnJstee5 acknovledgg Iheir reswnsibilrtles for {al ensuring that Ihe charitabl8 company keeps a¢counkn'ng records that comply with Seth'ons 386 and 387 of the Crxnpaniès Act 2006 and Ibl preparing financial statements whlch give a true and fair of the state of affairs of the charrtabte company as at the end of financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and Mthich otheN4ise c4)mply with the requirements of the Companies Ad 21 relating to ftnancial statements. so far as appluble to the charitabl8 1>)mpany. These financial staternents havÈ been prepared in accordance with tho provision$ applcabte to charitable Jmpanies subjed to the small mpanIeS regim8. The ) nts were approvod by thg Board of Twstees and aulIriSe(l for issue .. and w8re signed on ils behalf by. W Haxell- TNstee The notes fo part of these financial sL8temenls
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalemenls of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo ch8nties preparing Ihar accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. In¢om* All Income 15 recognised in the Slalement of Financial Activi($ once the eharty has enlillemenl lo the funds, il i8 probable that the income will be received and the amount can be measured relkgbly. Exp9nditur Liabilities are recognised as expenditure soon as there is a legal or constructive obligation committing the charity lo that expendilyre, il is probable that a transfer of economic benefits will be requiied In settlement and the amoLinl of the obligab.on can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost re1 to the category. ere costs cannot be directly attributed lo partular headings they have been allc¢aled to activities on a basis consistent with the use of resources. Stocks Stocks are valued al the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. Taxallon The charity is exempl from corporation tax on its charitable actsMtEs. Fund accounting Unrestrided funds be used in accordance with the charitable objectives al the discretion of the trustS. Reslrieled ftjnds can only be used for particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nabjre and purpose of each fund is included in the notes to the financial statements. TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees. remunerats'on or other benefrts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor ft)r the year ended 31 March 2023. Page 5 continued...
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM t)onalDns and legacies 140,930 47,000 187,930 EXPENDITURE ON Charitable activities General 105,117 63,897 189,014 Other 740 836 Total 105,213 64,637 169,850 NET INCOMEIIEXPENDITUREI 35,717 117,6371 18,080 RECONCILIATION OF FUNDS Total funds brought fotwald 25,568 31,503 57.071 TOTAL FUNDS CARRIED FORWARD 61,285 13.866 75,151 STOCKS 2024 2023 Stocks 25,674 24,861 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 200 MOVEMENT IN FUNOS Nel movement in funds At 3113124 Al 114123 Unrestricted funds General fund 61,285 32.972 94,257 Restricted funds The Natronal Lottery Community Fund Bringing a SMILE to the community Cost lo up keepthe panty The Nation81 Lottery CommLsnty Fund - SMILE Community Pantry 12,098 1,768 19,35S> 11,0411 2,742 727 20,000 20,000 13,866 9,603 23,469 TOTAL FUNDS 75,1 $1 42,575 117,726 Page 8 ontinuetJ..
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued Nel movement in funds, included in the above are as follows. Incoming resources Resources expended Movement in NdS Unrestricted funds Genera1 fund 184,782 (151,810> 32.972 Rèstricted funds The NaliDnal Lottery Communty Fund - Bringing a SMILE lo the community Cost to up keep the pantry HTH - New Home Box serVe The National Lottery Community Fund - SMILE Communty Pantry 41,403 2,251 2,500 150.7591 13.2921 12,500) 19,356} 11,0411 30,000 110,0001 20,000 76,154 166,551 } 9.603 TOTAL FUNDS 260,936 {218,3611 42,575 Comparatives for movement In funds Nel movement in funds Al 3113r23 Al 114122 Unrestricted funds General fund 25,568 35.717 61,285 Restrict fund$ The National Lottery Community Fund Bnnging a SMILE lo the community Cost lo up keep the pantry 31,503 119,4051 1,768 12.098 1.768 31,503 117,6371 13,866 TOTAL FUNDS 57,071 18,080 75.151 Page 7 continued...
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included In the above are as follows.. Incoming resour5 Resources expended Movement in fijnds Unrestricted funds General fund 140,930 {105,2131 35,717 Restricted funds The National Lottery Community Fund Bringing a SMILE lo the communty Cost to up keep the pantry 44,000 3,000 163.4051 11,2321 119,4051 1,768 47,000 164,6371 117,6371 TOTAL FUNDS 187,930 (169,850} 18,080 A current year 12 months and prior year 12 months CLJmbined posit(on is 88 follows.. Nel tTh)vement in funds Al 3113124 Al 114122 Unrestricted funds General fund 25.568 68.689 94,257 Restricted funds The National Lottery Community Fund Bringing a SMILE lo the community Cost to up keep the pantry The National Lottery Communty Fund SMILE Ccmmunily Pantry 31.503 128,7611 727 2.742 727 20.000 20,000 31,503 18,0341 23.469 TOTAL FUNDS 57,071 60.655 117,726 Page 8 continued...
S.M.I.L.E. LONDON & ESSEX NOTES TO THE FINANCIAL sTATEmES- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued A current year 12 months and prtor year 12 monlhs combined nel movement in fLnds, included in the above are as follows.. Incoming resour$ Resour expended Movement in funds Unrestricted funds General fund 325,712 1257.0231 68,689 Restricted funds The National Lottery Communty Fund Bringing a SMILE lo the community Cost lo up keep the pantry HTH - New Home Box service The National Lottery Community Fund - SMILE Communty Pantry 85.403 5,251 2,500 1114,1641 {4,5241 12,5001 128,7611 727 30,000 {10,0001 20,000 123,154 {131,1881 {8.0341 TOTAL FUNDS 448,886 1388,2111 60,655 RELATED PARTY DISCLOSURES There were no reLted p8rty transaction$ for Ihe year ended 31 March 2024. Page 9
S.M.I.L.E. LONDON & ESSEX DETAILED STATEMENT OF FINANCIAL ACTrvrriES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donation8 and legacies Donation5 Grants Shop income Donated services and facilibes Goods clonated 43.649 76.403 5.615 25.332 109,937 46.414 47.000 25,332 69,184 260,936 187,930 Total Incoming re8our¢e8 260,936 187.930 EXPENDITURE Charitable activiti•$ Ch8rrtable activities Volunteer expenses Goods distributed 8.153 504 100,424 14,869 275 59,424 109,081 74.$68 Other Fundraising event eosts Training Wastage 308 528 315 8.700 9,015 836 Support costs Management Wages Social secufity Office capital Insurance Telephone Postage and stslionery Marketing Logistics Store Accountancy Rent 63,051 883 786 228 2,090 788 58,609 398 1,707 228 1,193 1.287 378 2,926 1,935 228 1,912 26,835 1.794 25,452 98,736 93,972 Information technology Repairs and renewals 1.529 474 Total resources expended 218,361 169.850 Nèt income 42,575 18,080 This page does not fomi part ol the statutory financial statements Page 10