**REGISTERED COMPANY NUMBER: CE017296 (England and Wales) REGISTERED CHARITY NUMBER: 1183101** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **FOR** ## **ESHARELIFE FOUNDATION** Hewitt Card Limited Chartered Certified Accountants 70-72 Nottingham Road Mansfield Nottinghamshire NG18 1BN **ESHARELIFE FOUNDATION** **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Notes to the Financial Statements**|7|to|10| |**Detailed Statement of Financial Activities**||11|| **ESHARELIFE FOUNDATION** ## **REPORT OF THE TRUSTEES** ## **for the year ended 31 December 2022** 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 2022. 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** 1. To prevent or relieve poverty anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support (in particular but without limitation by making grants of money) designed to enable individuals to generate a sustainable income and be self-sufficient; and 2. To advance such other exclusively charitable purposes for the benefit of the poor anywhere in the world for the public benefit as the charity trustees from time to time think. ## **Significant activities** The organisation is a charity foundation set up to aid some of the most disadvantageous areas of the world. It's sole purpose is to raise money to help projects and other charities that have demonstrated their value.The organisation holds fund raising events, as well as raffles and auctions of donated goods and services. It has also on its website a donation page enabling the general public to make donations. ## **Public benefit** The benefits of the organisation is to support the infrastructure, social, cultural and humanitarian projects in disadvantageous areas of the world and especially for underprivileged or abused women and children ## **Grantmaking** Charities can contact the organisation with details of their purpose and projects. The trustees panel checks the purpose of that charity and this must come under the same or similar purposes of the organisation and be linked to the relief and support of underprivileged people especially women and children living in disadvantageous areas of the world. ## **ACHIEVEMENT AND PERFORMANCE** ## **Fundraising activities** This year the annual Gala which was again a great success contributing to a total raised this year of £98,424. As a result of this we have been able to make the following donations: £56,446 to AVSI Kenya £1,771 to assistance in Ukraine £1,000 to The Big help project -Knowsley Foodbank £1,000 to MBK mayors Charity -Knowsley - Willow Hospice £1,000 to Alder Hey Hospital £1,000 to British Red Cross £500 to Society of Catholic Medical Missionaries ## **FINANCIAL REVIEW** ## **Accounts preparation** The Trustees confirm that the accounts comply with current statutory requirement and with those of the governing instruments. This report and accounts have been prepared in accordance with the Statement Of Recognised Practice - Accounting and reporting by Charities (SORP2015(FRS102)), the Companies Act 2006 and The Trust Deed. The report has also been prepared in accordance with the special provisions for small companies under Part 15 of The Companies Act 2006 The charity has a surplus at the end of December 2022 of £30,041, this is retained in the general fund. ## **Going Concern** The Trustees have considered the validity of the going concern of the charity, especially with regards to the on going affect of the pandemic and earlier restrictions, however, there is continued support from all trustees, very little expenditure incurred by the charity and grants only provided when funds have been collected. For these reasons the Trustees have no concern over the going concern of this charity. Page 1 **ESHARELIFE FOUNDATION** ## **REPORT OF THE TRUSTEES for the year ended 31 December 2022** ## **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. ## **Recruitment and appointment of new trustees** The charity may by ordinary resolution appoint a person who is willing to act to be a trustee and determine the rotation in which any additional trustees are to retire. ## **Organisational structure** The maximum number of trustee's shall be three but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum. ## **Decision making** Any decision may be taken either: at a meeting of the charity trustees; or by resolution in writing or electronic form agreed by a majority of all of the charity trustees, which may comprise either a single document or several documents containing the text of the resolution in like form to which the majority of all of the charity trustees has signified their agreement. Such a resolution shall be effective provided that: A copy of the proposed resolution has been sent, at or as near as reasonably practicable to the same time, to all of the charity trustees; and The majority of all of the charity trustees has signified agreement to the resolution in a document or documents which has or have been authenticated by their signature, by a statement of their identity accompanying the document or documents, or in such other manner as the charity trustees have previously resolved, and delivered to the CIO at its principal office or such other place as the trustees may resolve within 28 days of the circulation date. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** CE017296 (England and Wales) **Registered Charity number** 1183101 ## **Registered office** 15-17 St. Cross Street Baird House London EC1N 8UW ## **Trustees** Dr M Bragagni J S Light K Martin Dr E Scambia N Ancell A Romeo Miss Z Skerritt ## **Independent Examiner** Hewitt Card Limited Chartered Certified Accountants 70-72 Nottingham Road Mansfield Nottinghamshire NG18 1BN ## **COMMENCEMENT OF ACTIVITIES** The charity was formed on 24th April 2019 Page 2 **ESHARELIFE FOUNDATION** ## **REPORT OF THE TRUSTEES for the year ended 31 December 2022** Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ K Martin - Trustee Page 3 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ESHARELIFE FOUNDATION** ## **Independent examiner's report to the trustees of Esharelife Foundation ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022. ## **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** 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: 1. 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 3. 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 4. 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. James Timothy Card FCCA Association of Chartered Certified Accountants Hewitt Card Limited Chartered Certified Accountants 70-72 Nottingham Road Mansfield Nottinghamshire NG18 1BN Date: ............................................. Page 4 ## **ESHARELIFE FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022** |**2022**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**98,424**
**EXPENDITURE ON**
Raising funds
**37,243**
**Charitable activities**
Grant donations made
**62,717**
Other
**2,777**
**Total**
**102,737**
**NET INCOME/(EXPENDITURE)**
**(4,313)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**34,354**
**TOTAL FUNDS CARRIED FORWARD**
**30,041**|2021
Total
funds
£
61,674
23,057
32,600
3,609
59,266
2,408
31,946
34,354| |---|---| The notes form part of these financial statements Page 5 **ESHARELIFE FOUNDATION** ## **BALANCE SHEET 31 December 2022** |**2022**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Investments
4
**100**
**CURRENT ASSETS**
Debtors
5
**324**
Cash at bank
**31,357**
**31,681**
**CREDITORS**
Amounts falling due within one year
6
**(1,740)**
**NET CURRENT ASSETS**
**29,941**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**30,041**
**NET ASSETS**
**30,041**
**FUNDS**
7
Unrestricted funds
**30,041**
**TOTAL FUNDS**
**30,041**|2021
Total
funds
£
100
7,427
28,567
35,994
(1,740)
34,254
34,354
34,354
34,354
34,354| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 ............................................. and were signed on its behalf by: ............................................. M Bragagni - Trustee The notes form part of these financial statements Page 6 **ESHARELIFE FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022** ## **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, with the exception of investments which are included at market value. ## **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. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|| |---|---| ||Unrestricted| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|61,674| |**EXPENDITURE ON**|| |Raising funds|23,057| |**Charitable activities**|| |Grant donations made|32,600| |Other|3,609| |**Total**|59,266| continued... Page 7 **ESHARELIFE FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2022** ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |||||Unrestricted|Unrestricted| |---|---|---|---|---|---| |||||fund|| ||||||£| |**NET INCOME**|||||2,408| |**RECONCILIATION OF FUNDS**|||||| |Total funds brought forward|||||31,946| |**TOTAL FUNDS CARRIED FORWARD**|||||34,354| |**FIXED ASSET INVESTMENTS**|||||| |**MARKET VALUE**||||Shares in
group
undertaking
£|| |At 1 January 2022 and 31 December 2022|||||**100**| |**NET BOOK VALUE**|||||| |At 31 December 2022|||||**100**| |At 31 December 2021|||||100| |There were no investment assets outside the UK.|||||| |The company's investments at the balance sheet date in the share capital of companies include the following:|||||| |**Esharelife (UK) Ltd**|||||| |Registered office:|||||| |Nature of business: Dormant|%||||| |Class of share:|holding||||| |Ordinary|**100**||||| |Aggregate capital and reserves||**2022**
**£**
**(824)**|||2021
£
(824)| |Profit for the year||||**-**
2,444|| |**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| |Other debtors||**2022**
2021
**£**
£
**324**
324|||| |Prepayments and accrued income||||**-**|800| |Accrued Income||||**-**
6,303|| |||**324**
7,427|||| ## **4. FIXED ASSET INVESTMENTS** ## **5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** continued... Page 8 **ESHARELIFE FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2022** ## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| |---|---|---|---|---| ||||**2022**|2021| ||||**£**|£| ||Accrued expenses||**1,740**|1,740| |**7.**|**MOVEMENT IN FUNDS**|||| ||**Unrestricted funds**|At 1.1.22
£|Net
movement
in funds
£|At
31.12.22
£| ||General fund|**34,354**|**(4,313)**|**30,041**| ||**TOTAL FUNDS**|**34,354**|**(4,313)**|**30,041**| ||Net movement in funds, included in the above are as follows:|||| ||**Unrestricted funds**|Incoming
resources
£|Resources
expended
£|Movement
in funds
£| ||General fund|**98,424**|**(102,737)**|**(4,313)**| ||**TOTAL FUNDS**|**98,424**|**(102,737)**|**(4,313)**| ||**Comparatives for movement in funds**|||| ||**Unrestricted funds**|At 1.1.21
£|Net
movement
in funds
£|At
31.12.21
£| ||General fund|31,946|2,408|34,354| ||**TOTAL FUNDS**|31,946|2,408|34,354| ||Comparative net movement in funds, included in the above are as follows:|||| ||**Unrestricted funds**|Incoming
resources
£|Resources
expended
£|Movement
in funds
£| ||General fund|61,674|(59,266)|2,408| ||**TOTAL FUNDS**|61,674|(59,266)|2,408| continued... Page 9 **ESHARELIFE FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2022** ## **7. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.1.21|in funds|31.12.22| ||£|£|£| |**Unrestricted funds**|||| |General fund|31,946|(1,905)|30,041| |**TOTAL FUNDS**|31,946|(1,905)|30,041| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
160,098
(162,003)
(1,905)
160,098
(162,003)
(1,905)| |---|---| ## **8. RELATED PARTY DISCLOSURES** The Foundation is owed £324 by Esharelife (UK) Ltd. This balance is carried forward at 31 December 2022. Although this company is currently dormant, it may trade in the coming years and will therefore be able to meet this debt. Page 10 **ESHARELIFE FOUNDATION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Christmas fundraiser
**Charitable activities**
Grants to institutions
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|2022
£
**98,424**
**98,424**
**37,243**
**62,717**
**809**
**1,968**
**102,737**
**(4,313)**|2021
£
61,674
61,674
23,057
32,600
1,719
1,890
59,266
2,408| |---|---|---| This page does not form part of the statutory financial statements Page 11