2021-05-31-accounts

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Report of the Trustees and Unaudited Financial Statements for the year ended 31 May 2021 For

Leus Family Foundation (A company limited by guarantee)

Charity number 1192526 Company number 11348643

Leus Family Foundation Trustees report and Financial Statements for the year ended 31 May 2021

The trustees present their report and financial statements for the year ended 31 May 2021.

Reference and Administrative Information

Charity Name: Leus Family Foundation Charity registration number: 1192526 Company registration number: 11348643

Registered Office and Operational address: Office 309A 2nd Floor, Berkeley Square, Berkeley Square House, London, W1J 6BD

Trustees

Mr D Leus Appointed 8 May 2018 Mr M Wynne-Parker Appointed on 19 June 2020; Resigned on 23 September 2021 Ms M Kaur Gill Appointed on 6 November 2020

Independent Examiner -[MGA Accountants LLP, Sovereign House, 1 Albert ] Place, London, N3 1QB

Bankers - Starling Bank, 3[rd] Floor, 2 Finsbury Avenue, London, EC2M 2PP

Our Aims and Objectives:

Purposes and Aims

Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are to:

Advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time in such parts of the word as the trustees shall decide, in particular but not limited to:

The advancement of young people in life;
The relief of those in need by reason of youth, age, ill heath, disability, financial hardship or other disadvantage;
The advancement of amateur sport.
The advancement of arts, culture and heritage;

The aims of our charity are to help develop the potential of children and young people from all backgrounds in the belief that such support and encouragement leads to their individual fulfilment and will ultimately benefit our wider community. We aim to be as caring, supportive, and far reaching as possible. Providing support to those who need it the most, those who are being treated for illnesses in hospitals or requiring urgent care, we try to help as much as we can to relieve their pain and suffering.

We want to encourage excellence in young people across the charities we are involved with and inspire them to try their hardest, do their best and flourish mentally, emotionally and physically.

Main activities undertaken to fulfil aims

Throughout the year Leus Family Foundation has given grants and donations to charitable organisations to help develop the potential of children and young people from all backgrounds.

HealthProm:

HealthProm is UK based charity supporting vulnerable children, women, and families disadvantaged by poor health, disability, and social exclusion. Their work is carried out in Eastern Europe, Central Asia and Afghanistan and with migrant communities from the region in the UK. We have supported Health Prom over several years with annual donations to them. During last year, HealthProm introduced the Leus Family Foundation to a sick child who required an examination and further heart surgery, and the Leus Family Foundation funded his treatment.

Brixton Fencing Club:

Leus Family Foundation has funded fencing lessons for children who are unable to afford them. Our support helps to pay for the coaches, the equipment and the uniforms. During COVID -19 lockdown restrictions, we also provided additional funding to enable the club to continue with their lessons via online platforms. This meant the children did not miss out on training and were able to continue even though the club couldn’t open. This would not have been possible without our support.

Binti:

Binti was the first period charity registered in the UK and India. They have a mission to provide menstrual dignity to all girls, all over the world. Leus Family Foundation donated funds to their cause to provide general support for this important cause for girls.

How our activities deliver public benefit

The primary objectives of the Charity, as provided for in the Memorandum of Association, are to support charitable institutions, trusts and undertakings established exclusively for the charitable purposes.

The charity aims to distribute grants primarily to those charitable organisations whose objects the council decided are in line with the objects of the Charity.

Many of the causes supported by the Foundation span the areas of health and wellbeing, cultural awareness and sport in respect to helping the children and youth of today. By providing such financial support the Charity seeks to enable other charitable organisations to achieve the objectives for the public benefit. The Council confirms that in accordance with section 17 of the Charities Act 2011, they have referred to the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning their future activities.

Achievements and Performance

In September 2020, the Leus Family Foundation was told of a case of a young boy from one of the poorest countries HelthProm work with, Kyrgyzstan. The child was in need of a good examination and further heart surgery. Unfortunately, the clinics in Russia c ouldn’t help him, however, HealthProm found doctors in Turkey to help but were struggling to raise funds to pay for his treatment. The Leus Family Foundation were pleased to help with the funds they needed to get the child the right treatment. We strive to fulfil our important aims of the Foundation, this is one of the many ways we have shown that we want to relief those of ill health and financial hardship.

We were also pleased to ensure that young people in Brixton received fencing lessons at a time when without our support, they would not have done so. Engaging disadvantaged young people in sporting activities to offer them opportunities is an important goal for the Foundation, and we believe this project in particular demonstrated our commitment to that.

Structure, governance and management

The name of the Charity is Leus Family Foundation. The organisation is a charitable company limited by guarantee, incorporated on 8 May 2018. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The liability of the members is limited to a sum not exceeding £10, being the amount that each member undertakes to contribute to the assets of the Charity in the event of its being wound up while he, she or it is a member or within one year after he, she or it ceases to be a member.

The trustees, as directors of the Charity, are responsible for the management of the Charity, for which purpose they may exercise all the powers of the Charity. Decisions of trustees may be taken in the form of a directors' written resolution or at a meeting of trustees. At the time of writing this report the charity currently has two trustees following the resignation of Mr Michael Wynne-Parker on 23 September 2021. Leus Family Foundation are actively seeking a third trustee. Suitable candidates will be interviewed by the management committee. The successful candidate will be vetted to ensure they have not been disqualified from acting as trustee and there is no potential conflict of interest.

Approved by the trustees and signed on their behalf by:

Dmitry Leus 30.03.2022

REGISTERED COMPANY NUMBER.. 11348643 (England and Vvales) REGISTERED CFLARITY NUMBER: 1192526 REFRT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 FOR LEUS FAMILY FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

LEUS FAMILY FOUNDATIChN Rèfèrènce and AdlD#NO Detsi15 Rgport oftha Tnjslees Independent Exarrunetrs R8POrt ststemènt of Financial Balance sheèt Ntstos to the FancIal Ststeffnts

LEUS FAMILY FOUNDATION Reference and Administrntive Details Trustees Dmliry Leus Michael Wynn&Parker lappoirited on 19 June 2020; resigned on 23 September 20211 Manjf£ Kaur Gill lappomted on 6 November 2020} Independent Examiner MGA Accourrtants LLP Sovereign House 1 Albert Place LONDON N3 1QB Bankers starfing Bank 3rfl Floor 2 Finsbury Avenue London EC2M 2PP Registsred charlty number 1192526 orfrce 309a, 2nd Floor Berkeley Square. Berkeley Square House London W1J6BD Registered company number 11348643

LEUS FAMILY FOUNDATION Registered number: Trustees. Report The trustees pre5enttheir report and accounts forthe year ended 31 May2021. The Council of Management submit their report and the unaut1rted financkql stemtrnts of the Ch8rty for the year ended 31 May 2U21. ThÈs report repla the report of the directors required by $415 of the Compans Act 20[ and reFxEsents the twstees. r8FrfMt is required to be prepared by Part 8 ofthe Charhties Aca 2011. The financial s13temènts have been prepared in accordance vth a(xounting policies set oth tsn page 7, and wth applicable Unrtet1 Kingdom accounting standards. currenl st8tutory iequirements, the Chatities Act 2011, the Companies Act 2( (Charitabte CompanS1. Accounting and Reptsng by Charities.. Statement of Recomwnded PTadK% applicable to charilies preparing their accounts in accordance the Finan¢ial Repo"ng Stsndard 8pph(xbl8 in the UK and Republic of Ireland IFRS 102112nd ErtOn. elFectNe January 20191. 1he Fan81 Reporting St8Trdard applicable in the UK and Republic of Ireland IFRS 1021 and the Chantys goveming document Legal and administratwe infomtion set out on page I fonrts part ofthis feport OBJECTIVES AND ACTp4mES Objeetkves and alr$ The primary objecttves ofthe Tw$( as pro¥•led for in the Memorandum ofAssociaknn. areto sttpport Charitab instituti.ons. trusts and undertakn.ngs establighed exthsi¥ply for chaiitable p¢Jrposes. The Charity aims to dLStrknJte primarityto those chartt8ble otgantsttts whose objects the Council decides are in line the objeds of the Charty. Many of the causes supported by the Foundation span the areas of heamh and lIing, culiural ayrdreness atTrd sport in respect to helping the chthlTen aTrd youlh of today. By providing such financial support the Charrty seeks to enable other th8ritabkn organisations to achieve the objethes for the public benefit The Councd confiffns th accordan with section 17 of the Chanb'es Act 2011. they have TeferTed to the Charty CommtssKJn's general guidance on puWi¢ ben8fft when reviewr¢g the Trusf5 aims and objectives and pL4nning th&ir fire al¥es. STRATEGIC REPORT hievement and perfonrWe Charttable xtivilies Athough th@ charity FH)t W vndprtaken any f(KtTvI fundraisino. the trustees were delwJhted to receive legaues and donations in thrs inthl period. The ChaTty has met ts ry•in obJ"ects4e and rrode net di5kn"butKJn5 of £15.45012020'. Ndl to various chaFitie5. The directors of the Chanty, also refeTred to a5 the Council of Management lthe Councill. are its trustee5 forthe purFM)ses of Charily Ltht. and are IBted on page 1. The directors aTe responsib for the strategt¢ directK)n and policy of the organisatKJn and for robust govemance arKI rigorous financial management The directors hold th8 day4daY responsibilty for the operational managemen* of the organisats'on.

LEUS FAMILY FOUNDATION Reg¥stered number: Trustees. Report The Council has as5es5Èd the F5 to whh it o)nsiders the Chanty is exposed. and doès not onsider there to be any major thre*s. The Councd V+ill conknue to review the ChaTtys rtsk policy, and modrfy ts systems and p[CEdu5 Whe rCessary. Report of the trustees. incorporating a Strateg rerM)rt, approveLI by order of the board ol trustees, as the company directors, on 25 FebnAry and svJned on Ihe board's behalf by. MrDmitry Leus Trustee

��

�� �� ��

��

M. Gandhi

��

LEUS FAMILY FOUNDATION STATEMENT OF FINANCIAL ACTNITIL¢ for the year ended 31 May 2021 2021 UnrÈstricled fijnds 2020 Totsl thjnds IncoTrR and dOwM DOfiatns and legacies 33.931 Expendltur• ExpendrtUTe on charitable athities oth {15.4511 124,(M)81 Total eip8nditu {39,459} 5.528 Recon¢lllatlon of fund$ Total funds brought forward Total ftJnd$ forward

LEUS FAMILY FOUNDATION Registered number: Balance Sheet as at 31 May 2021 11348643 Notes 2021 Unrestric1 funds 2020 Total funds Fixed assets Intangible assets 1.114 Creditors: amounts falllng dug wllhln one yaar (6,6421 Not currant liabiliti8s 16,642) Net liabilities 5,528 Net assets funds Unrestricted funds (5.5281 Total funds 5.528 The charitable company is enlitted to exemption frThn audtl under Section 477 of the Companies Act 2006 for the year ended 31 May 2021. The members have r1 required the company to obtsin an audrt of ils financial statements for the year ended 31 May 2021 in &cordance wilh Section 476 of the Componies Act 2006. The trustees acknowledge their responsibile$ la} ensuring that the Charrtab compary keeps lUnting records that ccmnpty with Sections 386 and 387 of the Companies Act 20( and Ibl preparing financial statements whth gNe a true and fair VI of the sL7te of affairs of the charitable company as al the end of each financial year and of rts surplus or def11 for each financial year in accordance wsth the requiremenls of Sections 394 and 395 and which otherwise comply wrth the requirements of the Compan$ Act 2006 relab.ng lo 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 Trust and authorised for Issue on 25 February 2022 and were sned on its behatr ty. Mr Dmilry Leus Director Approved by the board on 2 ebru8ry 2022

LEUS FAMILY FOUNDATION Notes to the Accounts for year ended 31 May 2021 1 knounting pollcles B•sls of pr6pwallon The financial statements of the ehaiitable company. which is a publ benèfft entty under FRS 102. have beèn prepared in aceofdance vth the Chaiibes SORP IFRS 1021'Accounting and Reports"ng by Charities.. Ststemant of Recommended Pra(kn applieable to charibes preparing their oc¢ounts in accordanee the Financial RePO"n9 Standard aPplItsb in the UK and R8public of Ireland (FRS 1021 {effective 1 January 2019y, Finan81 Repothn9 Stsndafd 102 Thè Financral Reporting Stsndard applicable ¢n the UK ant1 Repubkn"c of IrèPdnd' and the Compani&s Act 2(6. Tha financial Inl•nglbl• fix•rf a#s•ts Intangible fLxed assets aro rra$urÈd at cost le55 accumulatN• amorti5atitsn and any accumulativ• knpaimient105ses. Intsngibkn assets inciudo V•pbsle 010pment C05t Incomo lil Donatitsns Dtsn¥ts"ons are 8ccru•d tAtr receN•blg by the Chanty. T•x crndits are accw#d receNabL. Whore practic81. donated Se$ are recOgnts •$ voluntsry incom 81 the fair valuo of th• r•sources recewed, vthen the rtrsourees are rece¢). IMI Charrtable actN$t5 Fundraising incom• is accrued recebvabkn by th• ChaTy. lil Costs of raising funds These costs relate to Sp•¢1 fundrai51ThJ •v•nts and are a¢c¥u811 As at the dats of e¥¢h wont. lilwdministration ?xpans•s Administrotion costs include ext•mal independent éxaminat and acctsuntaney are PTgpar•d on an accru¥l$ basts. Irreco¥grabl• VAT is indudéd the approwth oxpendthure ne f(em. FurKIs Th4 Trust mawrtainèd on fund, the Ggneral Fund, wknich is an unr•strKted incomg lund. T•xallon The chaNty is npt from CorvatitsX on its ¢haiitsbb& actp4*& 2 Employ 2021 Nun 2020 Number Avorage nuthr of peTson5 erryloJd bythe cowny

LEUS FAMILY FOUNDATION Notes to the Accounts for the year ended 31 May 2021 3 Intsnglblè Ilx•d amats Wèbsrte davelopment cost Add4tx)ns At 31 May 2021 1,485 Amortisation Provhled during the ytr¥r At 31 May 2021 371 371 Not b¢>ok valu• At 31 May 2021 4 Cr510. •mounts falllry due Tllhln ono y 2021 2020 Oth•r x•dttors S Movement In fvnd• N•t movement in fijnds At 01.C6.20 At 31.05.21 Unr68trkt•d fund• General fund Totsl funds 5.528 15.5281 5,528 15,528 Nèt moveThnt in fvnd$. ITh¢ in th& above are as follows.. Incoming Resources •xpond•d Movement in fvThdB Unrejtrth funds Genero1 fund T<>t*l lund• 39,458 39,458 5,528 5.528 CoMratIveS for fftoveryt In lunds fynds At 31.05.20 01.(6.19 Unrestr1 funds General fund Totsl funds

LEUS FAMILY FOUNDATION Notes to the Accounts for the year ended 31 May 2021 Comparative net rnvemènt in )lJnds, wluded in thè above are as folkn¥% Inconbng Resources Movement expended bjnds Unrèstrlcted funds Genefal fund Tot•1 frjnds A current year 12 months on¢J prku year 12 rnthS combined position is as foll¢)ws.' Ngt fvnds At 31.05.21 01.08.18 Unre8trkted fund¥ General ftjnd Total fund 5.528 15.528 S.528 15.528 A current yaar 12 months and piior y1 12 rrKJnths combined position is as foll.. Ineorrnng Resource5 m0Mant in fvnds Unr•8trkted fund• Genèral fund Total fund 33.930 33,930 39.4S8 139.4581 5.528 15,5281 Relltsd party dl•clD•u During tho perKKI, the Company r8ceNed donatsns frrAn the fOlking Mpan.. 2W21 Imperium Investments Ud Imperium Dè¥bp8rs Ltd 12.K24 18.3(ffj Thes¢ compani are relatsd parts byvirtue of common ¢ontrol. During the y••r tha Charity made • don81m of£3,5W12020.' £Nill to Binti IntnatiOnal UK Règi%ted Charity No 1167l Of1¢h Ms Mary'it Kaw &"1 is a founder & CEO. During the year the Charity made a pajmefit of £2.CrtXJ 12m.' £Nil) to Introcom International Limrted for consumancy s•r¥ices pro1. IAr Mhal Wsfftn&Parker is # director ol Introcom Intefnth'onal Limrte¢J. 7 Trustees. rnmuneratlon and bfits There were no trustee's remunernlion or (thr benefts forthè •nded 31 May 221 nor forthè ytrar ènded 31 May 2020.

LEUS FAMILY FOUNDATION Notes to the Accounts for the year ended 31 May 2021 Trust••s' expenses 2020 Dmf(ry Leus Mlehael WyTrn&Parker Manjrt Kaur Ghll 8 Other tnfommtlon LEUS FAMILY FOUNDATION ¢ompany by 9nts¢ and inc4)rporated In England 8nd W81gs. Its registar•d office is". Office 309a. 2nd Floor 8erkeley Squar•. Berkeley Squ41• London W1J6BD 10

s•u)Jw paiBia LEUS FAMILY FOUNDATION Detailed profrt and loss account for the year ended 31 May 2021 Tlys seldUle does not fom part ofthe statukny accounts 2021 2020 Donations and legac*s 33.931 Expendlturn Expèndrture on tharitable actNit AdministratNe expenstrs 115.4511 I24.)8} Total ?xp¢ndltur• 139,459) 11

LEUS FAMILY FOUNDAMON Detsiled profrt and loss accourt for the year ended 31 May 2021 This scheduh doos not fomi p8rt ofthe tory accounts 2021 2020 Donabons 33,931 Expondlture on ch•rit•bh c*fvttle• OonatKJns 15,451 Imlnlstratlve expenMs Pr•mises cos. Rent 524 524 Generel 8dministratNe expttns•s.' Stationery and pnntthg Amortisation ofwtbsrt• dwekJpment¢tsst Sundry expen 187 371 Legal and profession?1 $ts. Independent txaminerfs fe08 Ac¢ountsncy fees Consultancy fgtrs Advtrrtlsing and PR Other kgal and professional 1,170 2,881 10.978 22,125 12

Reference and Administrative Information	3

Our Aims and Objectives	4-6

Achievements and Performance	6

Structure, governance and management	7

Report of the Trustees and Unaudited financial statements for the Year ended 31 May 2021	1-12

Contents:

Leus Family Foundation Trustees report and Financial Statements for the year ended 31 May 2021

Reference and Administrative Information

Trustees

Our Aims and Objectives:

Purposes and Aims

Main activities undertaken to fulfil aims

HealthProm:

Brixton Fencing Club:

Binti:

How our activities deliver public benefit

Achievements and Performance

Structure, governance and management

����������������������

������������������������������������������������������������������������

����������������������������������������������������������������������������������������

�������������������������������������

���������������������������������

M. Gandhi

�����������������

��

��

��

��

��

��