Samuel Leeds Foundation
Annual report and financial statements for the year ended 31[st] October 2023
Contents
Pages :
-
1 Trustees’ Report
-
2 Statement of Trustees’ Responsibilities
3-4 Accountant’s Report 5 Profit & Loss Accounts 6 Balance Sheet 7-9 Notes forming part of the Accounts
Directors & Trustees :
Samuel Leeds Russell Leeds Amanda Leeds Anna Leeds
Registered Office
Kings Head House 15 London End Beaconsfield HP9 2HN
Company Number : CE019821
Charity Registration Number : 1186669
Accountant :
Arthur Han Associates Ltd Chartered Certified Accountant 23a Craven Terrace London W2 3QH
Samuel Leeds Foundation
Annual report and financial statements for the year ended 31[st] October 2023
Trustees’ Report
The trustees present their report together with the financial statements for the year ended 31[st] October 2023.
Principal activities
The main activities of the Foundation during the financial period are the prevention or relief of poverty across Africa and the United Kingdom.
Objectives of the Charity
The objectives of the Samuel Leeds Foundation are to prevent or relief of poverty in Africa and the United Kingdom. To help individuals and communities by providing services and advice.
Activities and Review during the year
During the year various fund-raising activities were undertaken to provide relief and support projects.
Directors and Trustees
The Directors and Trustees of the Company during the period were:
Samuel Leeds Russell Leeds Amanda Leeds Anna Leeds
Small Company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime.
This report was approved by the board on 20 July 2024 and signed on its behalf
Samuel Leeds Chair
1
Samuel Leeds Foundation Annual report and financial statements for the year ended 31[st] October 2023
Statement of Trustees’ responsibilities for the accounts.
The purpose of this statement is to distinguish the trustees’ responsibilities for the accounts from those of the accountants as stated in their report.
The Charities Act 2011 requires the trustees to ensure that accounting records are kept in respect of all charity’s transactions, and to prepare a statement of accounts for each accounting period consisting of a statement of income and expenditure account and a balance sheet. The trustees are also responsible for safeguarding the charity’s assets, and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities.
In preparing the accounts the trustees are expected to:
1) Select suitable accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent.
2) Follow the recommendations of the Charity Commission and of the accounting profession with regard to from and content of the accounts, or to disclose and explain any departures therefrom: and
- 3) Prepare the accounts on the going concern basis unless it is inappropriate to assume that the charity will be able to continue to meet its objectives.
On behalf of the Board of Trustees
Samuel Leeds. 20 July 2024 Trustee
2
Independent Examiner’s Report
To the Trustees on the unaudited accounts of Samuel Leeds Foundation
We report on the accounts of the Samuel Leeds Foundation for the year ended 31[st] October 2023, which are set out on pages 5-9.
Respective responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and has requested that an independent examination is undertaken as the charity gross income is more than £250,000.
I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to :
-
examine the accounts ( under section 145 of the 2011 Act )
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried our in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material aspects the requirements.
-
to keep accounting records in accordance with section 386 of the Companies Act 2006 and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.
3
Independent Examiner’s Report
Accounting and Reporting by Charities have not been met OR
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
21 July 2024
Arthur Han Associates Ltd Chartered Certified Accountants 23a Craven Terrace London W2 3QH
4
| Samuel Leeds Foundation Profit and Loss Accounts for theyear ended 31st |
October 2023 | |
Income Direct Charitable Donation Other Expenses Surplus for the year Reserves Brought Forward Reserves Carried Forward |
Notes 2023 2022 £ £ 1 288,858 106,285 2 (153,850) (103,194) 3 (2,979) (1,756) 132,029 1,335 1,941 606 133,970 1,941 |
The Foundation has no recognised gains or losses other than those included in the net surplus above and therefore no separate statement of total recognised gains and losses has been presented.
There is no difference between the deficit for the year before taxation and the income for the year stated above and the historical cost equivalents and therefore no separate note of historical cost profits and losses has been presented.
5
Samuel Leeds Foundation
Balance Sheet as at 31[st] October 2023
| 2023 £ £ Current Assets Debtors 125,247 Cash in Hand & at Bank 10,323 135,570 Creditors : Amount falling due within one year 4 1,600 Net Current Assets 133,970 Total Net Assets 133,970 Represented : Reserve Funds : Restricted Funds 5 128,827 Unrestricted Funds 5 5,143 133,970 |
2022 £ - 2,288 2,288 347 |
2022 | £ 1,941 1,941 - 1,941 1,941 |
|---|---|---|---|
The Foundation is entitled to exemption from an audit under Section 477 of the Companies Act 2006 for the year ended 31[st] October 2023.
The members have not required the foundation to obtain an audit of its financial statements for the year ended 31[st] October 2023 in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for ensuring that the Foundation keeps accounting records which comply with section 386 & 387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of the affairs of the Company as at 31[st] October 2023 and of its surplus for the period then ended in accordance with the requirements of section 394 & 395, which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as applicable to the company.
The accounts have prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
20 July 2024
Samuels Leeds Trustee
6
Samuel Leeds Foundation
Notes forming part of the accounts for the year ended 31[st] October 2023
1 ) Accounting Policies
The financial statements have been prepared under the historical cost convention using the following accounting policies.
a ) Income
Details Uganda Donations & Gifts 2 ) Direct Donation Details UK Uganda School Uganda Hospital Total Expenses 3 ) Indirect Expenses Details Office Expenses Insurance Bank Charges Accountancy Fees Total Expenses |
Unrestricted Funds 2023 £ - 35,058 35,058 Unrestricted Funds 2023 £ 28,877 - - 28,877 Unrestricted Funds 2023 £ 187 1,111 81 1,600 2,979 |
Restricted Funds 2023 £ 253,800 - 253,800 Restricted Funds 2023 £ - 11,856 113,117 124,973 |
Total 2023 £ 253,800 35,058 288,858 Total 2023 £ 28,877 11,856 113,117 153,850 Total 2023 £ 187 1,111 81 1,600 2,979 |
Unrestricted Funds 2022 £ - 106,285 106,285 Unrestricted Funds 2022 £ 77,500 25,694 103,194 Unrestricted Funds 2022 £ 187 - 69 1,500 1,756 |
Total 2021 £ - 106,285 |
Total 2021 £ - 106,285 |
Total 2021 £ - 106,285 |
|---|---|---|---|---|---|---|---|
| 106,285 | |||||||
| Total 2022 £ 77,500 25,694 103,194 |
Total 2022 £ 77,500 25,694 |
||||||
| Total 2022 £ 187 - 69 1,500 1,756 |
|||||||
| 1,756 |
3 ) Indirect Expenses
7
Samuel Leeds Foundation
Notes forming part of the accounts for the year ended 31[st] October 2022
4 ) Creditors : Amount falling due within one year
Accruals
Total Total 2023 2022 £ £ 1,600 347
5 ) Reserve Funds
Details Opening Balance Income/Donation Indirect Expenses Direct Donation Closing Balance |
Unrestricted Funds 2023 £ 1,941 35,058 (2,979) (28,877) 5,143 |
Unrestricted Funds 2023 £ 1,941 35,058 (2,979) (28,877) 5,143 |
Restricted Funds 2023 £ - 253,800 - (124,973) 128,827 |
Total 2023 £ 1,941 288,858 (2,979) (153,850) 133,970 |
Unrestricted Funds 2022 £ 606 106,285 (1,756) (103,194) 1,941 |
Unrestricted Funds 2022 £ 606 106,285 (1,756) (103,194) 1,941 |
Total 2022 £ 606 106,285 (1,756) (103,194) 1,941 |
|---|---|---|---|---|---|---|---|
6 ) Share Capital
The Foundation is limited by guarantee and has no share capital. The liability of the members under guarantee are limited to £1 each .
8
Charity No: 1186669 Company No : CE019821
Samuel Leeds Foundation Financial Statements For the year ended 31[st] October 2023
Arthur Han Associates Ltd Chartered Certified Accountant
23a Craven Terrace London W2 3QH
Samuel Leeds Foundation
Annual report and financial statements for the year ended 31[st] October 2023
Contents
Pages :
-
1 Trustees’ Report
-
2 Statement of Trustees’ Responsibilities
3-4 Accountant’s Report 5 Profit & Loss Accounts 6 Balance Sheet 7-9 Notes forming part of the Accounts
Directors & Trustees :
Samuel Leeds Russell Leeds Amanda Leeds Anna Leeds
Registered Office
Kings Head House 15 London End Beaconsfield HP9 2HN
Company Number : CE019821
Charity Registration Number : 1186669
Accountant :
Arthur Han Associates Ltd Chartered Certified Accountant 23a Craven Terrace London W2 3QH
Samuel Leeds Foundation
Annual report and financial statements for the year ended 31[st] October 2023
Trustees’ Report
The trustees present their report together with the financial statements for the year ended 31[st] October 2023.
Principal activities
The main activities of the Foundation during the financial period are the prevention or relief of poverty across Africa and the United Kingdom.
Objectives of the Charity
The objectives of the Samuel Leeds Foundation are to prevent or relief of poverty in Africa and the United Kingdom. To help individuals and communities by providing services and advice.
Activities and Review during the year
During the year various fund-raising activities were undertaken to provide relief and support projects.
Directors and Trustees
The Directors and Trustees of the Company during the period were:
Samuel Leeds Russell Leeds Amanda Leeds Anna Leeds
Small Company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime.
This report was approved by the board on 20 July 2024 and signed on its behalf
Samuel Leeds Chair
1
Samuel Leeds Foundation Annual report and financial statements for the year ended 31[st] October 2023
Statement of Trustees’ responsibilities for the accounts.
The purpose of this statement is to distinguish the trustees’ responsibilities for the accounts from those of the accountants as stated in their report.
The Charities Act 2011 requires the trustees to ensure that accounting records are kept in respect of all charity’s transactions, and to prepare a statement of accounts for each accounting period consisting of a statement of income and expenditure account and a balance sheet. The trustees are also responsible for safeguarding the charity’s assets, and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities.
In preparing the accounts the trustees are expected to:
1) Select suitable accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent.
2) Follow the recommendations of the Charity Commission and of the accounting profession with regard to from and content of the accounts, or to disclose and explain any departures therefrom: and
- 3) Prepare the accounts on the going concern basis unless it is inappropriate to assume that the charity will be able to continue to meet its objectives.
On behalf of the Board of Trustees
Samuel Leeds. 20 July 2024 Trustee
2
Independent Examiner’s Report
To the Trustees on the unaudited accounts of Samuel Leeds Foundation
We report on the accounts of the Samuel Leeds Foundation for the year ended 31[st] October 2023, which are set out on pages 5-9.
Respective responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and has requested that an independent examination is undertaken as the charity gross income is more than £250,000.
I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to :
-
examine the accounts ( under section 145 of the 2011 Act )
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried our in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material aspects the requirements.
-
to keep accounting records in accordance with section 386 of the Companies Act 2006 and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.
3
Independent Examiner’s Report
Accounting and Reporting by Charities have not been met OR
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
21 July 2024
Arthur Han Associates Ltd Chartered Certified Accountants 23a Craven Terrace London W2 3QH
4
| Samuel Leeds Foundation Profit and Loss Accounts for theyear ended 31st |
October 2023 | |
Income Direct Charitable Donation Other Expenses Surplus for the year Reserves Brought Forward Reserves Carried Forward |
Notes 2023 2022 £ £ 1 288,858 106,285 2 (153,850) (103,194) 3 (2,979) (1,756) 132,029 1,335 1,941 606 133,970 1,941 |
The Foundation has no recognised gains or losses other than those included in the net surplus above and therefore no separate statement of total recognised gains and losses has been presented.
There is no difference between the deficit for the year before taxation and the income for the year stated above and the historical cost equivalents and therefore no separate note of historical cost profits and losses has been presented.
5
Samuel Leeds Foundation
Balance Sheet as at 31[st] October 2023
| 2023 £ £ Current Assets Debtors 125,247 Cash in Hand & at Bank 10,323 135,570 Creditors : Amount falling due within one year 4 1,600 Net Current Assets 133,970 Total Net Assets 133,970 Represented : Reserve Funds : Restricted Funds 5 128,827 Unrestricted Funds 5 5,143 133,970 |
2022 £ - 2,288 2,288 347 |
2022 | £ 1,941 1,941 - 1,941 1,941 |
|---|---|---|---|
The Foundation is entitled to exemption from an audit under Section 477 of the Companies Act 2006 for the year ended 31[st] October 2023.
The members have not required the foundation to obtain an audit of its financial statements for the year ended 31[st] October 2023 in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for ensuring that the Foundation keeps accounting records which comply with section 386 & 387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of the affairs of the Company as at 31[st] October 2023 and of its surplus for the period then ended in accordance with the requirements of section 394 & 395, which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as applicable to the company.
The accounts have prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
20 July 2024
Samuels Leeds Trustee
6
Samuel Leeds Foundation
Notes forming part of the accounts for the year ended 31[st] October 2023
1 ) Accounting Policies
The financial statements have been prepared under the historical cost convention using the following accounting policies.
a ) Income
Details Uganda Donations & Gifts 2 ) Direct Donation Details UK Uganda School Uganda Hospital Total Expenses 3 ) Indirect Expenses Details Office Expenses Insurance Bank Charges Accountancy Fees Total Expenses |
Unrestricted Funds 2023 £ - 35,058 35,058 Unrestricted Funds 2023 £ 28,877 - - 28,877 Unrestricted Funds 2023 £ 187 1,111 81 1,600 2,979 |
Restricted Funds 2023 £ 253,800 - 253,800 Restricted Funds 2023 £ - 11,856 113,117 124,973 |
Total 2023 £ 253,800 35,058 288,858 Total 2023 £ 28,877 11,856 113,117 153,850 Total 2023 £ 187 1,111 81 1,600 2,979 |
Unrestricted Funds 2022 £ - 106,285 106,285 Unrestricted Funds 2022 £ 77,500 25,694 103,194 Unrestricted Funds 2022 £ 187 - 69 1,500 1,756 |
Total 2021 £ - 106,285 |
Total 2021 £ - 106,285 |
Total 2021 £ - 106,285 |
|---|---|---|---|---|---|---|---|
| 106,285 | |||||||
| Total 2022 £ 77,500 25,694 103,194 |
Total 2022 £ 77,500 25,694 |
||||||
| Total 2022 £ 187 - 69 1,500 1,756 |
|||||||
| 1,756 |
3 ) Indirect Expenses
7
Samuel Leeds Foundation
Notes forming part of the accounts for the year ended 31[st] October 2022
4 ) Creditors : Amount falling due within one year
Accruals
Total Total 2023 2022 £ £ 1,600 347
5 ) Reserve Funds
Details Opening Balance Income/Donation Indirect Expenses Direct Donation Closing Balance |
Unrestricted Funds 2023 £ 1,941 35,058 (2,979) (28,877) 5,143 |
Unrestricted Funds 2023 £ 1,941 35,058 (2,979) (28,877) 5,143 |
Restricted Funds 2023 £ - 253,800 - (124,973) 128,827 |
Total 2023 £ 1,941 288,858 (2,979) (153,850) 133,970 |
Unrestricted Funds 2022 £ 606 106,285 (1,756) (103,194) 1,941 |
Unrestricted Funds 2022 £ 606 106,285 (1,756) (103,194) 1,941 |
Total 2022 £ 606 106,285 (1,756) (103,194) 1,941 |
|---|---|---|---|---|---|---|---|
6 ) Share Capital
The Foundation is limited by guarantee and has no share capital. The liability of the members under guarantee are limited to £1 each .
8
Charity No: 1186669 Company No : CE019821
Samuel Leeds Foundation Financial Statements For the year ended 31[st] October 2023
Arthur Han Associates Ltd Chartered Certified Accountant
23a Craven Terrace London W2 3QH