REGISTERED COMPANY NUMBER: 11126889 (England and Wales) REGISTERED CHARITY NUMBER: 1181491
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 December 2021
for
The Goed Life Limited
The Goed Life Limited
Contents of the Financial Statements For The Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
The Goed Life Limited
Report of the Trustees For The Year Ended 31 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity has been created for public benefit by enhancing the lives of and providing relief to people with learning disabilities, their families and carers in particular but not exclusively by the provision of support services including services in the support of respite and other forms of care, advocacy and leisure opportunities and by promoting public awareness of the needs of such people.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the period the charity has given the following sums further to its aims and objectives:
| The Cube Cruiser | 55,100 |
|---|---|
| The Place to Bee café | 30,000 |
| HortiHub | 26,073 |
| Respite holidays | 3,269 |
| Job coach | 6,756 |
| Grants and donations | 2,591 |
In this financial year The Goed Life has paid for a mobile cafe, the Cube Cruiser, which is now up and running and staffed by adults with learning disabilities. The charity has paid towards the running costs of The Place To Bee Cafe and also The Horti Hub, a garden centre, both training centres for people with learning disabilities to prepare them for future employment. Several holidays and respite breaks have also been funded,
Fundraising activities
Despite the obvious difficulties the sum of £258,980 was raised during the year as follows:
| Donations and Grants | 40,826 |
|---|---|
| Wine Dinner | 192,622 |
| Goedhuis Client Letter | 11,875 |
| Tollers Event | 12,373 |
| Music Evening | 1,284 |
| 258,980 | |
FUTURE PLANS
The Goed Life will continue to fund respite holidays and make donations to organisations which provide opportunities to people with learning difficulties. The covid pandemic has provided an immense challenge for the disabled and the Charity has been grateful for support from a number of grant making bodies for which we are truly grateful.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11126889 (England and Wales)
Registered Charity number
1181491
Page 1
The Goed Life Limited
Report of the Trustees For The Year Ended 31 December 2021
Registered office
Long Barn Coton Northampton NORTHAMPTONSHIRE NN6 8RG
Trustees
Mr N C Goedhuis Trustee Mrs L G Goedhuis Trustee Mr J T G Harris Trustee Mr J W D Lowther Trustee
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 19 July 2022 and signed on its behalf by:
Mrs L G Goedhuis - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Goed Life Limited
Independent examiner's report to the trustees of The Goed Life Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements 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 Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Osborn ICAEW
19 July 2022
Page 3
The Goed Life Limited
Statement of Financial Activities For The Year Ended 31 December 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 40,826 Other trading activities 2 218,154 Total 258,980 EXPENDITURE ON Raising funds 7,836 Charitable activities Donations paid 122,041 Governance costs - Finance costs 31 Total 129,908 NET INCOME 129,072 RECONCILIATION OF FUNDS Total funds brought forward 102,215 TOTAL FUNDS CARRIED FORWARD 231,287 |
2020 Total funds £ 98,573 13,533 |
|---|---|
| 112,106 2,503 80,354 250 350 |
|
| 83,457 | |
| 28,649 73,566 |
|
| 102,215 |
The notes form part of these financial statements
Page 4
The Goed Life Limited
Balance Sheet 31 December 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 234,539 CREDITORS Amounts falling due within one year 5 (3,252) NET CURRENT ASSETS 231,287 TOTAL ASSETS LESS CURRENT LIABILITIES 231,287 NET ASSETS 231,287 FUNDS 6 Unrestricted funds 231,287 TOTAL FUNDS 231,287 |
2020 Total funds £ 102,215 - |
|---|---|
| 102,215 | |
| 102,215 | |
| 102,215 | |
| 102,215 | |
| 102,215 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 July 2022 and were signed on its behalf by:
Mrs L G Goedhuis - Trustee
The notes form part of these financial statements
Page 5
The Goed Life Limited Notes to the Financial Statements For The Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', 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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Fundraising events | 218,154 | 13,533 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Page 6
continued...
The Goed Life Limited
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Total EXPENDITURE ON Raising funds Charitable activities Donations paid Governance costs Finance costs Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income 6. MOVEMENT IN FUNDS At 1.1.21 £ Unrestricted funds General fund 102,215 TOTAL FUNDS 102,215 |
Unrestricted fund £ 98,573 13,533 112,106 2,503 80,354 250 350 83,457 28,649 73,566 102,215 2021 2020 £ £ 3,252 - Net movement At in funds 31.12.21 £ £ 129,072 231,287 129,072 231,287 |
|---|---|
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continued...
The Goed Life Limited
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 258,980 258,980 |
Resources Movement expended in funds £ £ (129,908) 129,072 (129,908) 129,072 |
Resources Movement expended in funds £ £ (129,908) 129,072 (129,908) 129,072 |
|---|---|---|---|
| 129,072 |
Comparatives for movement in funds
| At 1.1.20 £ Unrestricted funds General fund 73,566 TOTAL FUNDS 73,566 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 112,106 TOTAL FUNDS 112,106 |
Net movement At in funds 31.12.20 £ £ 28,649 102,215 28,649 102,215 Resources Movement expended in funds £ £ (83,457) 28,649 (83,457) 28,649 |
Net movement At in funds 31.12.20 £ £ 28,649 102,215 28,649 102,215 Resources Movement expended in funds £ £ (83,457) 28,649 (83,457) 28,649 |
|---|---|---|
| 28,649 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.20 £ 73,566 73,566 |
Net movement in funds £ 157,721 157,721 |
At 31.12.21 £ 231,287 |
|---|---|---|---|
| 231,287 |
Page 8
continued...
The Goed Life Limited
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
6.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 371,086 | (213,365) | 157,721 |
| TOTAL FUNDS | 371,086 | (213,365) | 157,721 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 9
The Goed Life Limited
Detailed Statement of Financial Activities For The Year Ended 31 December 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Total incoming resources EXPENDITURE Raising donations and legacies Costs of fundraising events Charitable activities Donations paid Respite holidays Support costs Finance Sundries Bank charges Total resources expended Net income |
2021 £ 40,826 218,154 258,980 7,486 120,521 1,870 122,391 - 31 31 129,908 129,072 |
2020 £ 98,573 13,533 |
|---|---|---|
| 112,106 2,503 74,266 6,088 |
||
| 80,354 250 350 |
||
| 600 | ||
| 83,457 | ||
| 28,649 |
This page does not form part of the statutory financial statements
Page 10