DocuSign Envelope ID: A7CACD26-3BB2-483A-B55A-55AE592C8069
REGISTERED COMPANY NUMBER: 12597334 (England and Wales) REGISTERED CHARITY NUMBER: 1190986
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2022
for
THE TALLULAH LEWIS FOUNDATION LIMITED
DocuSign Envelope ID: A7CACD26-3BB2-483A-B55A-55AE592C8069
THE TALLULAH LEWIS FOUNDATION LIMITED
Contents of the Financial Statements for the year ended 31 May 2022
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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8
Detailed Statement of Financial Activities 9
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DocuSign Envelope ID: A7CACD26-3BB2-483A-B55A-55AE592C8069
THE TALLULAH LEWIS FOUNDATION LIMITED
Report of the Trustees
for the year ended 31 May 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 May 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
The Charity's purposes set out in the Articles of Association are the relief of financial hardship among young people living or working in the UK and overseas by providing goods, services or education which they could not otherwise afford through lack of means; making grants of money for providing or paying for items, services or facilities, and the relief of young sick-poor living in the UK and overseas through the provision of grants, goods or services.
Significant activities
This is the second year of operation of the charity and its fundraising activities and donation objectives are being developed by the trustees.
Grantmaking
The charity has made a number of grants during the year. The charity is actively reviewing unsolicited applications for grants that is has received, and is identifying potential grantees where grants made will be used in the most efficient manner for the benefit of young people.
FINANCIAL REVIEW
Financial position
The financial position of the charity is very satisfactory and it has £202,920 available for grants.
Reserves policy
The charity has no overhead cost and therefore no working capital need. The whole of the unrestricted funds are available for grant.
The trustees are actively reviewing applications made to it for grants and aim to distribute funds by way of charitable grants.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, the articles of association, and constitutes a limited company limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
The directors of the company, of which there shall be a minimum of three, are also charity trustees for the purposes of charity law.
At each annual general meeting one-third of the directors or, if their number is not three or a multiple of three, the number nearest to one-third, must retire from office. If there is only one director he or she must retire.
The directors to retire by rotation shall be those who have been longest in office since their last appointment. If any directors became or were appointed directors on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
12597334 (England and Wales)
Registered Charity number
1190986
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DocuSign Envelope ID: A7CACD26-3BB2-483A-B55A-55AE592C8069
THE TALLULAH LEWIS FOUNDATION LIMITED
Report of the Trustees
for the year ended 31 May 2022
Registered office
Driftstone Manor Middleway Kingston Gorse East Preston West Sussex BN16 1SB
Trustees
A Lewis Company director J E Hawkes Company director C M Hawkes Company director R P Lewis Company director
Independent Examiner
Michael Lewin FMAAT Member of the Association of Accounting Technicians Lewin & Co 27 High Street Horley West Sussex RH6 7BH
Approved by order of the board of trustees on 9 February 2023 and signed on its behalf by:
R P Lewis - Trustee
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DocuSign Envelope ID: A7CACD26-3BB2-483A-B55A-55AE592C8069
Independent Examiner's Report to the Trustees of The Tallulah Lewis Foundation Limited
Independent examiner's report to the trustees of The Tallulah Lewis Foundation Limited ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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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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.
Michael Lewin FMAAT Member of the Association of Accounting Technicians Lewin & Co 27 High Street Horley West Sussex RH6 7BH
9 February 2023
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THE TALLULAH LEWIS FOUNDATION LIMITED
Statement of Financial Activities
for the year ended 31 May 2022
| Year ended 31.5.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 50,000 EXPENDITURE ON Charitable activities Donations 37,080 NET INCOME 12,920 RECONCILIATION OF FUNDS Total funds brought forward 190,000 TOTAL FUNDS CARRIED FORWARD 202,920 |
Period 12.5.20 to 31.5.21 Total funds £ 200,000 10,000 190,000 - 190,000 |
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The notes form part of these financial statements
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THE TALLULAH LEWIS FOUNDATION LIMITED
Balance Sheet 31 May 2022
| 2022 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 202,920 NET CURRENT ASSETS 202,920 TOTAL ASSETS LESS CURRENT LIABILITIES 202,920 NET ASSETS 202,920 FUNDS 4 Unrestricted funds 202,920 TOTAL FUNDS 202,920 |
2021 Total funds £ 190,000 190,000 190,000 190,000 190,000 190,000 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 9 February 2023 and were signed on its behalf by:
R P Lewis - Trustee
C M Hawkes - Trustee
The notes form part of these financial statements
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DocuSign Envelope ID: A7CACD26-3BB2-483A-B55A-55AE592C8069
THE TALLULAH LEWIS FOUNDATION LIMITED
Notes to the Financial Statements for the year ended 31 May 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.
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 May 2022 nor for the period ended 31 May 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2022 nor for the period ended 31 May 2021.
| 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies |
Unrestricted fund £ 200,000 |
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| EXPENDITURE ON Charitable activities Donations |
10,000 |
| NET INCOME | 190,000 |
continued...
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THE TALLULAH LEWIS FOUNDATION LIMITED
Notes to the Financial Statements - continued for the year ended 31 May 2022
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 4. MOVEMENT IN FUNDS At 1.6.21 £ Unrestricted funds General fund 190,000 TOTAL FUNDS 190,000 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 50,000 TOTAL FUNDS 50,000 Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 200,000 TOTAL FUNDS 200,000 |
Unrestricted fund £ 190,000 Net movement At in funds 31.5.22 £ £ 12,920 202,920 12,920 202,920 Resources Movement expended in funds £ £ (37,080) 12,920 (37,080) 12,920 Net movement At in funds 31.5.21 £ £ 190,000 190,000 190,000 190,000 Resources Movement expended in funds £ £ (10,000) 190,000 (10,000) 190,000 |
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continued...
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DocuSign Envelope ID: A7CACD26-3BB2-483A-B55A-55AE592C8069
THE TALLULAH LEWIS FOUNDATION LIMITED
Notes to the Financial Statements - continued for the year ended 31 May 2022
5. RELATED PARTY DISCLOSURES
During the period, the charity received a donation from Speed Group (Holdings) Ltd of £50,000. R P Lewis and C M Hawkes are directors of Speed Group (Holdings) Ltd.
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DocuSign Envelope ID: A7CACD26-3BB2-483A-B55A-55AE592C8069
THE TALLULAH LEWIS FOUNDATION LIMITED
Detailed Statement of Financial Activities for the year ended 31 May 2022
| Period 12.5.20 Year ended to 31.5.22 31.5.21 £ £ INCOME AND ENDOWMENTS Donations and legacies Donations 50,000 200,000 |
|---|
| Total incoming resources 50,000 200,000 EXPENDITURE Charitable activities Grants to institutions 32,080 10,000 Grants to individuals 5,000 - |
| 37,080 10,000 |
| Total resources expended 37,080 10,000 |
| Net income 12,920 190,000 |
This page does not form part of the statutory financial statements
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