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2021-02-13-accounts

LIKE U

Charity No. 1187973

Company No. CE020712

Trustees' Report and Unaudited Accounts

13 February 2021

LIKE U REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 13 FEBRUARY 2021

Contents Page
Legal and Administrative Information 2
Report of the Trustees 3-7
Independent Examiner's report 8
Statement of Financial Activities 9
Balance sheet 10
Notes forming part of the Financial statements 11-17

1

LIKE U

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 13 FEBRUARY 2021

LEGAL AND ADMINISTRATIVE INFORMATION

OFFICERS AND PROFESSIONAL ADVISERS

TRUSTEES

The following Trustees served during the year: Pawel Ostrowski Jack Smith Leszek Chylarecki

REGISTERED OFFICE

2 Westbury Street Worcester WR1 1NW

BANKERS

NatWest Bank PLC

EXAMINER

Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street HD1 5JL

COMPANIES HOUSE REGISTERED NUMBER

CE020712

CHARITY COMMISSION REGISTERED NUMBER 1187973

2

LIKE U

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 13 FEBRUARY 2021

The Trustees, for the purposes of the Charities Act 1993 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 13 February 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in December 2005 in preparing the annual report and financial statements of the Charity.

PRINCIPAL ACTIVITIES, AIMS AND ORGANISATION OF THE CHARITY

The principal activities of the charity continue to promote for the benefit of the public in the West Midlands with a view to the preservation of public order, the provision of services for mediation and conciliation between people, organisations and groups who are involved in disputes or interpersonal conflicts where that dispute or conflict results from or may lead to acts of nuisance, vandalism, racial abuse or breach of the peace.

The promotion of racial harmony for the public benefit by:

(A) Promoting knowledge and mutual understanding between different racial groups;

(B) Advancing education and raising awareness about different racial groups to promote good relations between persons of different racial groups;

(C) Working towards the elimination of discrimination on the grounds of race to promote social inclusion for the public benefit by working with people in the West Midlands who are socially excluded on the grounds of their ethnic origin, religion, belief or creed (in particular, members of the European migrant community) to relieve the needs of such people and assist them to integrate into society, in particular by: providing a local network group that encourages and enables members of the European migrant community to participate more effectively with the wider community; increasing, or co-ordinating, opportunities for members of the European migrant community to engage with service providers, to enable those providers to adapt services to better meet the needs of that community to assist in the treatment and care of persons suffering from mental or physical illness of any description or in need of rehabilitation as a result of such illness, by the provision of facilities for work and recreation.

  1. To promote and protect the physical and mental health of sufferers of anxiety, depression, personality disorder, psychosis and eating disorders in the west midlands through the provision of financial assistance, support, education and practical advice

  2. To advance the education of the general public in all areas relating to mental wellbeing, recovery and crisis

THE MAIN ACHIEVEMENTS OF THE ORGANISATION DURING THE PERIOD WERE:

  1. Opening a Community Centre, with the capacity to serve over 5000 guests every year.

  2. Launching a Hardship Support programme, aimed at multi-cultural volunteering groups providing food and similar hardship support – which have delivered over 3000 acts of support to over 800 beneficiaries from 09/2020 till 02/2021

  3. Launching “Help Your Neighbour” initiative, throughout which volunteers supported over 12 000 beneficiaries during their self-isolation from 01/04 till 09/2021

  4. Setting up framework for future programs – legal support, employment support etc.

  5. Establishing friendly relations with key charities in our region – the Foodbank, Community First, City Council et cetera.

3

LIKE U

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 13 FEBRUARY 2021

PLANS FOR THE FUTURE

We plan to continue to promote for the benefit of the public in the West Midlands with a view to the preservation of public order, the provision of services for mediation and conciliation between people, organisations and groups who are involved in disputes or interpersonal conflicts where that dispute or conflict results from or may lead to acts of nuisance, vandalism, racial abuse or breach of the peace

We also plan to start an immigration support program, research the Community need for children activities and start developing a self-sustainability strategy.

Challenges:

Key challenges we have identified in our future plans are:

INCOME GENERATION

The Charity has generated donations of £83,077.00 during the year 2021. This includes both direct transfers into charity’s account and cash donations. The charity managed to efficiently keep its operating costs low resulting in income over expenses surplus of £16,168.00.

RISKS

The factors that may affect the Charity’s delivery of its objectives include:

The LIKE U produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan. The LIKE U has developed a strategy, which specifies how it will deliver the key programmes of work. The strategy also identifies targets and performance indicators.

The trustees routinely examine the business, reputation and operational risk when preparing strategic plans and budgets and when considering forthcoming projects. The trustees also ensure they take appropriate advice on crucial issues concerning the ministry.

RESERVES POLICY

The Charity aims to build reserve which will enable it to meet its average annual operational need. The Trustees review the reserves held by the Charity on a regular basis to ensure that an appropriate level of funds are held to meet the above policy of the Charity going forward.

4

LIKE U

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 13 FEBRUARY 2021

IMPACT OF COVID-19 ON FUNDRAISING

Like U Managed to maintain a successful Fundraising strategy, but we were unable to launch any events, charitable trades or services – which have heavily influenced our Fundraising plan for our first year of activity. As restrictions are being lifted we will seek to keep our relationship with the funders, yet our main focus right now is on securing independent, unrestricted income from trading and service activities -

We have diagnosed our charitable objective well, and as our services are in huge demand, we need to make sure they keep operating on an undisturbed basis.

GOVERNANCE AND INTERNAL CONTROL

A Board of Trustees governs the Charity. New Trustees are selected by the Board of Trustees and are subject to re-election every five years. At 13 February 2021, the Board had a membership of three people.

The Board meets three times a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible for the day to day activities of the charity. None of the committee members is being remunerated.

All Trustees receive the handbook for Trustees’ provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this the Charity follows the code of practice for governance produced by the Governance Hub.

Company law requires the Trustees to prepare financial statements for each financial year, which comply with the Charities Act 1993 as amended

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

They include:

KEY MANAGEMENT PERSONNEL AND REMUNERATION POLICY

Tomasz Jarecki (appointed 01/06/2021) Chief Executive Officer / General Manager

The Board of Trustees together with the Chief Executive Officer are the key management personnel of the charity.

The Trustees give their time freely and no Trustee renumeration or expenses were paid during the year.

The Chief Executive salary is determined by benchmarking across the Third Sector on an annual basis.

5

LIKE U

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 13 FEBRUARY 2021

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

6

LIKE U

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 13 FEBRUARY 2021

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will reviews the accounts for the year ended 13 February 2021. In accordance with this appointment, Solutions Accountancy & Bookkeeping Ltd was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

Chylarecki Chylarecki (Jul 19, 2021 09:51 GMT+1)

Leszek Chylarecki on behalf of the trust. Chairman of the Board of Trustees

15 July 2021

7

LIKE U

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 13 FEBRUARY 2021

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LIKE U

I report to the trustees on my examination of the accounts of the LIKE U Trust for the year ended 13 February 2021, which are set out on pages 9 to 13.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. The accounts do not accord with those records.

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.

vicky Newham (Jul 15, 2021 12:03 GMT+1)

Solutions Accountancy & Bookkeeping Ltd

1 The Mews Little Brunswick Street HD1 5JL

15 July 2021

8

LIKE U

Statement of Financial Activities

for the year ended 13 February 2021
Notes
Income and endowments from:
Donations and legacies
2
Other
3
Total
Expenditure on:
Charitable activities
4
Other
5
Total
Net gains on investments
Net expenditure
Transfer between funds
Net expenditure before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
Total
Funds
2021
2021
2021
£
£
£
37,077
46,000
83,077
6,417
-
6,417
43,494
46,000
89,494
1,783
1,850
3,633
25,043
44,650
69,693
26,825
46,500
73,325
-
-
-
16,668
(500)
16,168
-
-
-
16,668
(500)
16,168
16,668
(500)
16,168
-
-
-
16,668
(500)
16,168

9

LIKE U

Balance Sheet
as at 13 February 2021
Charity No. 1187973
Notes
Fixed assets
Tangible
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors:Amount falling due within one year
10
Net current assets
Total assets less current liabilities
Total net assets
The funds of the charity
Restricted funds
11
Restricted income funds
Unrestricted funds
11
General funds
Reserves
11
Total funds		 2021
£
1,200
1,200
323
15,145
-
(500)
14,968
16,168
16,168
(500)
(500)
16,668
16,668
16,168

For the year ending 13 February 2021, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

Chylarecki Chylarecki (Jul 19, 2021 09:51 GMT+1)

Leszek Chylarecki Trustee 15 July 2021

10

LIKE U NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 13 FEBRUARY 2021

1. Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value

11

revaluation of fixed at the end of the year. assets

Gains/(losses) on

This includes any gain or loss on the sale of investments. investment assets

Expenditure

Expenditure
Expenditure is recognised on an accruals basis. Expenditure
Recognition of includes any VAT which
cannot be fully recovered, and is reported as part of the
expenditure expenditure to which it
relates.
These comprise the costs associated with attracting voluntary
Expenditure on income, fundraising
raising funds trading costs and investment management costs.
These comprise the costs incurred by the Charity in the
Expenditure on delivery of its activities and
services in the furtherance of its objects, including the making
charitable activities of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis
Grants payable plus an accrual for
grants that have been approved by the trustees at the end of
the year but not yet
paid.
These include those costs associated with meeting the
constitutional and statutory requirements of the Charity,
Governance costs including any audit/independent
examination fees, costs linked to the strategic management of
the Charity,
together with a share of other administration costs.
Other
expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the

12

open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are

repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised

13

as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.

The assets of the plan are held separately from the charity in independently administered funds.

14

LIKE U NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 13 FEBRUARY 2021

2 Income from donations and legacies
3 Other income
other income (furlough)
Rental Income
4 Expenditure on charitable activities
Help Your Neighbor Scheme
Food Kitchen and other costs
5 Other expenditure
Employee costs
Motor and travel costs
Premises costs
General administrative costs,
Depreciation and amortisation
Legal and professional costs
6 Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets
7 Staff Costs
Salaries/wages
Employer's NIC
Pension costs
Subcontractor costs
Staff training		 Unrestricted
funds
Restricted
funds Total funds
2021
2021
2021
£
£
£
37,077
46,000
83,077
37,077
46,000
83,077
Unrestricted
funds
Restricted
funds Total funds
2021
2021
2021
£
£
£
4,873
-
4,873
1,544
-
1,544
6,417
-
6,417
Unrestricted
Restricted
Total funds
2021
2021
2021
£
£
£
1,666
-
1,666
116
1,850
1,966
1,783
1,850
3,633
Unrestricted
Restricted
Total funds
2021
2021
2021
£
£
£
9,222
23,300
32,522
854
6,000
6,854
13,059
13,850
26,909
924
1,100
2,024
600
-
600
384
400
784
25,043
44,650
69,693
2021
£
600
Unrestricted
Restricted
Total funds
2021
2021
2021
£
£
£
5920.52
21500
27,421
1704.63
-
1,705
856.43
-
856
89.02
1800
1,889
651.48
-
651

15

LIKE U NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 13 FEBRUARY 2021

8 Tangible fixed assets
Cost or revaluation
At 14 February 2020
Additions
At 13 February 2021
Depreciation and impairment
At 14 February 2020
Depreciation charge for the year
Disposals
At 13 February 2021
Net book values
At 14 February 2020
At 13 February 2021
9 Debtors
Other debtors
10 Creditors
amounts falling due within one year
Accruals and deferred income
11 Movememt in funds
Restricted funds:
Total
Unrestricted funds:
General funds
Total funds		 £
£
2021
2021
-
-
1,800
-		 £
2021
-
1,800
1,800
-
600
-
600
-
1,200
2021
£
323
323
2021
£
(500)
(500)
Resource
expensed
£
(46,500)
(46,500)
(26,825)
(73,325)		 £
2020
-
-
-
-
-
-
-
-
-
2020
£
-
-
2020
£
-
-
Gross
transfers
As at 13
February
2021
£
£
-
(500)
1,800
-
-
-
600
-
-
-
600
-
-
-
1,200
-
As at 14
February
2020
Incoming
resources
(including
other
gains/losses)
£
£
-
46,000
-
46,000		 -
(500)
-
43,494		 -
16,668
-
89,494		 -
16,168

16

LIKE U NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 13 FEBRUARY 2021

12 Analysis of net assets between funds

Fixed assets
Net current assets
13 Reconciliation of net debt
As at 14
February
2020
Cashflows
£
£
Cash and cash equivalents
-
15,145
-
15,145
Net Debt
-
15,145
14 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as		 As at 14
February
2020
Cashflows
£
£
-
15,145		 Unrestricted
Funds
£
1,200
14,968
16,168
New
HP/Finance
leases
£
-
-
-
follows:		 Total
£
1,200
14,968
16,168
As at 13
February
2021
£
15,145
-
15,145		 15,145
-
15,145		 15,145
2021
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the charity
amounted to:		 2021
2020
2020
Other
Land and
buildings
Other
£
£
£
2021
2020
856
-

17

LIKE U

Detailed Statement of Financial Activities for the year ended 13 February 2021

Income and endowments from:
Donations and legacies
Other
Total income and endowments
Charitable activities
Help Your Neighbor Scheme
Food Kitchen and other costs
Total of expenditure on charitable
activities
Other expenditure
Other interest payable
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Subcontractor costs
Staff training
Motor and travel costs
Vehicle Hire
Other vehicle expenses
Business mileage costs reimbursed
Premises costs
Rent
Light, heat and power
Premises repairs and maintenance
Other premises costs		 Unrestricted
funds
Restricted funds Total funds
2021
2021
2021
£
£
£
37,077
46,000
83,077
37,077
46,000
83,077
6,417
-
6,417
6,417
-
6,417
43,494
46,000
89,494
1,666
-
1,666
116
1,850
1,966
1,783
1,850
3,633
1,783
1,850
3,633
-
-
-
-
-
-
5,921
21,500
27,421
1,705
-
1,705
856
-
856
89
1,800
1,889
651
-
651
9,222
23,300
32,522
-
2,630
2,630
795
-
795
59
3,370
3,429
854
6,000
6,854
8,917
3,600
12,517
3,052
750
3,802
865
9,500
10,365
225
-
225
13,059
13,850
26,909

18

General administrative costs,
including depreciation and
amortisation
Depreciation Equipment
Information and publications
Postage and couriers
Software, IT support and related costs
Stationery and printing
General insurance
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Other legal and professional costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net expenditure
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 600
-
600
117
-
117
29
-
29
101
-
101
174
-
174
64
600
664
42
500
542
398
-
398
1,524
1,100
2,624
384
400
784
384
400
784
25,043
44,650
69,693
26,825
46,500
73,325
16,668
(500)
16,168
-
-
-
16,668
(500)
16,168
16,668
(500)
16,168
-
-
-
16,668
(500)
16,168

19