Charity Registration No. 1190078
Company Registration No. CE022288 (England and Wales)
SHARE FOR CARE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
SHARE FOR CARE
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Dr Syed Arshad Husain - Chair |
|---|---|
| Mr Urfan Butt | |
| Mrs Farzana Husain | |
| Charity number | 1190078 |
| CIO number | CE022288 |
| Principal address | 12 Charlotte Drive |
| Kings Hill | |
| West Malling | |
| ME19 4GU | |
| Registered office | 12 Charlotte Drive |
| Kings Hill | |
| West Malling | |
| ME19 4GU | |
| Independent examiner | Syon Associates |
| Studio 17 | |
| 58 Marsh Wall | |
| Canary Wharf | |
| London | |
| E14 9TP | |
| Bankers | Barclays Bank UK Plc |
| Maidstone |
SHARE FOR CARE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 6 |
| Statement of Trustees' responsibilities | 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the accounts | 11 - 14 |
SHARE FOR CARE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report and accounts for the year ended 31 March 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)
The accounts will be submitted to the Charity Commission after the AGM.
The annual report and accounts help to provide timely and regular information on the charity and its funds to help understand the charity's objectives, structure, activities and achievements and to gain appreciation of the financial transactions during the year and of its funds at the end of the year.
Objectives and activities
The Aims of the charity remain:
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To ensure the delivery of a holistic range of basic needs services to alleviate poverty
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To improve health by helping buy medicine
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To alleviate illness & disease
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Provide awareness for better health
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Provide health seminars
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Provide free medical camps
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Provide medical care for the poor
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To increase, wherever possible, opportunities for rehabilitation and settlement
The principal objectives of the charity are:
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Fitter healthier individuals who are better equipped to deal with the problems of their lifestyles and who recognise the benefits of self-care
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Earlier intervention is possible to prevent long-term health problems, for the benefit of both the individual and the community at large
Share for Care has been offering services to impoverished people since the charities inception. All our charitable activities are undertaken for the benefit of the public.
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SHARE FOR CARE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance
Reserves policy
The Trustees regularly undertake a review of the financial activities of the charity in order to avoid deficits and to stay within budgets which are reviewed annually.
Risk assessment
The Trustees confirm that the major risks to which the charity is exposed, as identified by the Trustees, have been reviewed and that systems and procedures have been established to identify and respond to risk and to provide a methodology for risk management and its reporting.
Major risks are defined as those risks which have a high likelihood of occurring and would, if they occurred, have a severe impact on operational performance, achievement of aims and objectives or could damage the reputation of the charity.
The main types of risk and their classification are as follows:-
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Governance risks e.g. difficulty recruiting trustees with relevant skills;
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Operational risks e.g. service quality and development; employment issues;
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Financial risks e.g. adequacy of reserves, diversity of income sources;
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External risks, e.g. adverse publicity, change of government policy;
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Compliance with laws and regulations e.g. breach of employment law.
The Trustees have established a comprehensive risk policy and register which form a major part of governance and operation. The register is regularly monitored and updated, to identify any new risks, assessing the main risks applicable to the charity, evaluating what action needs to be taken and periodically monitoring and assessing the policy. A new and updated fraud policy was added to the charity’s register this year.
Structure, governance and management
Constitution of the Charity
The charity is CIO and has a registered Charity No. 1190078.
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SHARE FOR CARE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Organisational Structure and Decision Making
The organisation structure of the charity consists of a board of trustees who meet on a regular basis to consider reports from the officers and staff of the charity, to consider and review the charity’s activities, general progress and current financial position. Decisions are then made regarding current expenditure and the level of reserves.
The Trustees are empowered to delegate their functions to committees The treasurer is responsible for overseeing accounting procedures and reports regularly to the board on cashflow, budgets and general accounting matters.
Responsibility for operations are delegated to the charity’s management and administration teams who ensure that the charity’s aims and objectives are met and that services are delivered in a manner that prioritises client interest and welfare.
A review of trustee’s roles with an assessment of skills and experience is planned.
The Trustees during the year under review have held meetings. They have the responsibility for setting the strategic aims of the charity and for approving its annual budget and accounts. The Trustees regularly review their needs for skills to meet the requirements of their strategic aims and, where necessary, identify potential new members for the Board.
Trustees
The trustees who served during the year were:
Dr Syed Arshad Husain - Chair
Mr Urfan Butt
Mrs Farzana Husain
The Trustees are trustees for the purposes of the Charities Act 2011. There must be at least three and not more than eleven trustees, all of whom must be members of the company.
The members of the company appoint the trustees at the Annual General Meeting.
None of the trustees has any beneficial interest in the Charity.
The Trustees' report was approved by the Board of Trustees.
.............................. Dr Syed Arshad Husain - Chair Chairperson Dated: .........................
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SHARE FOR CARE
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
The trustees, who are also the directors of Share for Care for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charities SORP.
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware, there is no relevant information of which the charitable company’s Independent Examiner is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the Independent Examiner is aware of that information.
The Trustees’ report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
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SHARE FOR CARE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SHARE FOR CARE
I report to the trustees on my examination of the accounts of Share for Care (the charity) for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the charity (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 charity 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 the charity’s accounts carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination as I am a member of an approved body.
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the accounts do not accord with those records; or
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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
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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.
Syon Associates
Syon Associates Studio 17 58 Marsh Wall Canary Wharf London E14 9TP
Dated: 11 August 2022
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SHARE FOR CARE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | ||
| Income from: | |||
| Donations and legacies | 1 | 12,270 | 7,979 |
| Fundraising Costs | (1,684) | ||
| Total income | 10,586 | 7,797 | |
| Expenditure on: | |||
| Charitable activities | 2 | (9,404) | (220) |
| Net (expenditure)/income for the year/ | |||
| Net movement in funds | 1,182 | 7,759 | |
| Fund balances at 1 April 2021 | - | ||
| Fund balances at 31 March 2022 | 1,182 | 7,759 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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SHARE FOR CARE
BALANCE SHEET
AS AT 31 MARCH 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 8,941 | 7,759 | |
| Net current assets | 8,941 | 7,759 | |
| Total assets less current liabilities | 8,941 | 7,759 | |
| Income funds | |||
| Unrestricted funds | 4 | 8,941 | 7,759 |
| Total | 8,941 | 7,759 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The Trustees' responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and di f h fi i l i d i h h i f i 394 d 39 d hi h
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The accounts were approved by the Trustees on 6 May 2022.
.............................. Dr Syed Arshad Husain - Chair
Trustee
Company Registration No. CE022288 Charity No. 1190078
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SHARE FOR CARE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
Charity information
Share for Care is Charity registered in England and Wales. The registered office is 12 Charlotte Drive, Kings Hill, West Malling, ME19 4GU. The charitable company meets the definition of a public benefit entity under FRS 102.
Accounting convention
The accounts have been prepared in accordance with the charity's [governing document], the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts. In making this assertion the trustees have considered the current uncertain economic conditions due to the Coronavirus pandemic. The trustees have not yet seen any adverse impact on the charity however they continue to assess its impact on the going concern basis of accounting. The trustees believe that the charity has a strong asset base which, combined with its cash reserves, will enable it to meet the challenges presented by this virus and to continue with its charitable objectives.
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Donations are accounted for on a receivable basis as soon as they are capable of accurate financial measurement.
Donations are accounted for on a receivable basis as soon as they are capable of accurate financial measurement.
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SHARE FOR CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated items have been met, the receipt of economic benefit from the use by the charity of the items probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
Donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Grants are accounted for in the year in which they are receivable in accordance with the terms of the grant.
Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Direct Charitable Expenditure
Expenditure which is directly attributable to specific activities has been allocated directly.
Support Costs
The costs of the charity are all allocated directly to the main activities and the charity does not therefore have any material support costs.
Governance Costs
Includes staff time and expenses for time spent in connection with trustees meetings, plus the cost of accounting and professional fees.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 2% Leasehold improvements Lease period Fixtures and fittings 10% Computers 10%
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
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SHARE FOR CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Employee benefits
There are no employees hired in current year. People working here are volunteers.
Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable activities.
Critical accounting estimates and judgements
In the application of the charity’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 that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
- Related party transactions
There were no disclosable related party transactions during the year.
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SHARE FOR CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
| 1 | Donations and legacies | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| £ | £ | ||||
| Donations and gifts | 12,270 | 12,270 | |||
| Total | 12,270 | 12,270 | |||
| 2 | Charitable activities | ||||
| Charitable | Charitable | ||||
| Expenditure | Expenditure | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Share of support costs (see note | 3) | 8,604 | 62 | ||
| Share of legal costs (see note 3) | 800 | 158 | |||
| Total | 9,404 | 220 | |||
| 3 | Support costs | ||||
| Support costs | Legal costs | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Stationery and printing | 345 | - | 345 | - | |
| Software cost | 28 | - | 28 | - | |
| Bank charges | 31 | - | 31 | 62 | |
| Charitable Donation | 2,400 | - | 2.400 | - | |
| Legal & Professional | - | 800 | 800 | 158 | |
| 8,604 | 800 | 9,404 | 220 | ||
| Analysed between | |||||
| Charitable activities | 8,604 | 800 | 9,404 | 220 | |
| 4 | Unrestricted funds | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Brought forward | 7,759 | - | |||
| Reserves | 1,182 | 7,759 | |||
| Other Creditors | |||||
| 8,941 | 7,759 |
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