Charity number: 1181658
LE CIEL FOUNDATION TRUSTEE'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
Le Ciel Foundation Trustees' Report and Unaudited Financial Statements For The Year Ended 31 March 2023
| Contents | |
|---|---|
| Page | |
| Trustee's Report | 2-3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| The following pages do not form part of the statutory | 7-9 |
| accounts: Detailed Income and Expenditure Account | 10-11 |
Le Ciel Foundation Company No. CE016265 Trustees' Report For The Year Ended 31 March 2023
The trustees present their report and the financial statements for the year ended 31 March 2023
Statement of Directors' Responsibilities
The trustees 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 March 2023. 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 2015).
Objectives and activities
The charity's object is to restore harmony and ecology on a global scale through cultural, environmental and spiritual projects as well as to preserve and improve the mental and physical health and wellbeing of the general public.
Strategic report:
Achievement and performance
The charity is working on the following initiative:
-
Wisdom Transmission Films
-
The Twelve for Children & School Curriculum
-
Holistic Visions Training Program 2023
-
Mind Dive
-
- Centre for Scared Studies
-
Holistic Visions Symposium 2023
Financial review
The charity received income of £85,104. The expenditure made has been on systems necessary for its administration. All donations received are directly connected to the charity's mission statement. At the period end the charity had cash funds of £52,188 and net assets of £36,024
Reference and administrative details
Registered Charity number 1181658
Registered office
1a Redcliffe Mews London SW10 9JT
Page 2
Le Ciel Foundation Trustees' Report (continued) For The Year Ended 31 March 2023
Trustees:
The Trustees who held office during the year were as follows: Mr. Maciej Sedlak Miss Jessie Balfour-Lynn Miss Nina Louisa Martens Mr. Sam Evitt Mrs Andrea Dressman
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Maciej Sedlak Director
31 January 2024
Page 3
Le Ciel Foundation Income and Expenditure Account For The Year Ended 31 March 2023
| Notes Donations Project costs GROSS SURPLUS Administrative expenses Other operating income OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
31March 2023 E 31March 2022 E 4,701 466,464 (181,171) (287,200) |
|---|---|
| (176,469) 179,264 (31,685) (44,482) - 14,258 |
|
| (208,154) 149,040 |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Le Ciel Foundation Balance Sheet As at 31 March 2023
| FIXED ASSETS Notes Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand Creditors: Amounts Falling Due Within 6 One Year NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account FUNDS |
£ 31 March 2023 £ 31 March 2022 £ £ 125,737 40,342 |
|---|---|
| 125,737 40,342 43,739 102,030 52,188 192,088 95,927 294,118 59,903 - 36,024 294,118 |
|
| 161,761 334,460 |
|
| 161,761 334,460 |
|
| 161,761 334,460 161,761 334,460 |
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustee's responsibilities:
The trustees have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr. Maciej Sedlak
Director
31 January 2024
The notes on pages 6 to 8 form part of these financial statements.
Page 5
Le Ciel Foundation Notes to the Financial Statements For The Year Ended 31 March 2023
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
1.2. Turnover
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.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment
33% Reducing balance method
1.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
1.5. Taxation
The charity is exempt from corporation tax on its charitable activities
1.6. 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 feldspar raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements 1.7.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the trust's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors are considered to relevant. Actual results may differ from these estimates.
Page 6
Le Ciel Foundation Notes to the Financial Statements (continued) For The Year Ended 31 March 2023
1.8. Project costs
Wisdom & Nature £5,302 HV Program 2023 £498 Holistic Visions Symposium 2023 £3,817 Wisdom Keepers Series £154 Charitable donations £1,158
Totals £10,929
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 10 (2021: 10)
3. Trustees' remuneration and benefits
The following trustees were paid remuneration for the year ended 31st March 2022.
Nina Luisa Martens £10,448 Jessie Balfour-Lynn £29,195
4. Tangible Assets
| .Tangible Assets | |
|---|---|
| Cost As at 1 April 2022 Additions (Disposals) As at 31 March 2023 Depreciation As at 1 April 2022 Provided during the period As at 31 March 2023 Net Book Value As at 31 March 2023 As at 1 April 2022 |
Fixtures & Fittings £ 35,535 Computer Equipment £ 8,390 Total £ 43,925 (22,500) 315 (22,500) Art £ - 314 107,997 108,626 |
| 121,032 8,705 130,051 314 |
|
| (502) 2,266 - 2,768 2,048 54 - 1,994 |
|
| (502) 4,314 54 4,762 |
|
| 121,534 3,943 125,738 260 |
|
| 36,037 5,622 41,659 - |
All fixed assets are recorded at cost less accumulated depreciation.
Depreciation of the assets has been calculated at the maximum rates permitted by the Income Tax Act 2007. The entity has the following asset classes:
-Computer Equipment. 33% Reducing Balance
-Fixtures & Fittings. 25% Reducing Balance
-Art - 0%
Page 7
Le Ciel Foundation Detailed Income and Expenditure Account For The Year Ended 31 March 2021
5. Debtors
| .Debtors | ||
|---|---|---|
| 31 March | 31 March | |
| 2023 | 2022 | |
| £ | £ | |
| Due within one year | ||
| Trade debtors | - | 100,649 |
| Prepayments and accrued income | 1,381 | |
| 102,030 | ||
6. Creditors: Amounts Falling Due Within One Year
| Trade creditors Other taxes and social security Pension payable Other creditors (1) Accruals and deferred income |
31 March 2023 £ 31 March 2022 £ 59,903 59,903 |
|---|---|
Page 8
Le Ciel Foundation Detailed Income and Expenditure Account For The Year Ended 31 March 2023
| TURNOVER Donations received PROJECT COSTS Direct Cost Charitable Donations Wages and salaries Employers pensions - defined contribution schemes GROSS SURPLUS Administrative Expenses Staff training Staff welfare Travel - National Travel - International Business Meetings Rent Light and heat Repairs and maintenance Computer and IT consumables Insurance Printing, postage and stationery Carriage and freight Advertising and marketing costs Events / Conferences Telecommunications and data costs Accountancy fees Legal fees Subscriptions Bank charges Bad debts written off Depreciation Entertaining Sundry expenses Foreign exchange deficit/(surplus) |
£ £ £ £ 4,701 466,464 - - 4,701 466,464 9,770 195,670 1,158 3,604 166,179 83,353 4,064 4,573 (181,171) (287,200) (176,469) 179,264 20 - 382 226 213 163 - - 554 98 15,191 16,572 - - 182 722 3,994 5,513 2,067 2,385 190 76 57 119 4,405 2,589 - - 1,737 3,452 1,768 791 516 336 167 1,298 1,210 - - 2,047 2,266 670 174 474 665 (2,032) 9,224 (31,685) (44,482) ...CONTINUED 31 March 2023 31 March 2022 |
|---|---|
Le Ciel Foundation Detailed Income and Expenditure Account (continued) For The Year Ended 31 March 2023
Other Operating Income Job retention scheme income
OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR
| - | - | 14,258 | 14,258 |
|---|---|---|---|
| 149,040 |
Page 10