| Pages | |||||
|---|---|---|---|---|---|
| Trustees' | Annual Report |
2to3 | |||
| Independent Examiner's |
Report | 4to 4 | |||
| Statement | of Financial Activities | 5to5 | |||
| Summary | Income and Expenditure | Account | 6to 6 | ||
| Balance Sheet | 7to 7 | ||||
| Statement | of Cash flows | 8to8 | |||
| Notes to | the Accounts | 9to16 | |||
| Detailed | Statement of Financial |
Activities | 17to 18 |
| for the year ended 31 January | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | |||||
| Income and endowments | |||||
| from: | |||||
| Donations and legacies | 22,323 | 22,323 | 43,347 | ||
| Other | 12,970 | 2,021 | 14,991 | 16,265 | |
| Total | 35,293 | 2,021 | 37,314 | 59,612 | |
| Expenditure on: |
|||||
| Raising funds | 3,155 | 3,155 | 22,838 | ||
| Charitable activities |
24,147 | 24,147 | 27,470 | ||
| Other | 7,582 | 7,582 | 53,499 | ||
| Total | 34,884 | 34,884 | 103,807 | ||
| Net gains on investments | |||||
| Net income/(expenditure) | 409 | 2,021 | 2,430 | (44,195) | |
| Transfers between funds |
|||||
| Net income/(expenditure) before other gains/(losses) |
409 | 2,021 | 2,430 | (44,195) | |
| Other gains and losses | |||||
| Net movement in funds |
409 | 2,021 | 2,430 | (44,195) | |
| Reconciliation of funds: |
|||||
| Total funds brought forward |
(44,195) | (44,195) | |||
| Total funds carried forward | (43,786) | 2,021 | (41,765) | (44,195) |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Income | 37,314 | 59,612 | ||
| Gross income for | the year | 37,314 | 59,612 | |
| Expenditure | 34,884 | 103,807 | ||
| Total expenditure | for the | year | 34,884 | 103,807 |
| Net income/(expenditure) | before tax | |||
| for the year | 2,430 | (44,195) | ||
| Net income /(expenditure | )for the year | 2,430 | (44,195) |
| at 31 January 2022 | at 31 January 2022 | at 31 January 2022 | |||
|---|---|---|---|---|---|
| Company No. 12387026 |
Notes | 2022 | 2021 | ||
| F | |||||
| Current assets | |||||
| Cash at bank and | in | hand | 9,938 | 6,285 | |
| 9,938 | 6,285 | ||||
| Creditors: Amount falling due within one year |
(1,703) | (480) | |||
| Net current assets | 8,235 | 5,805 | |||
| Total assets less current | liabilities | 8,235 | 5,805 | ||
| Creditors: Amounts | falling due after more than one year | 12 | (50,000) | (50,000) | |
| Net liabilities excluding | pension asset or liability | (41,765) | (44,195) | ||
| Total net liabilities | (41,765) | (44,195) | |||
| The funds ofthe charity | |||||
| Restricted funds | 13 | ||||
| Restricted income funds | 2,021 | ||||
| 2,021 | |||||
| Unrestricted funds |
13 | ||||
| General funds | (43,786) | (44,195) | |||
| (43,786) | (44,195) | ||||
| Reserves | 13 | ||||
| Total funds | (41,765) | (44,195) |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Cash flows from operating | activities | |||
| Net income/(expenditure) | per Statement | of Financial Activities | 2,430 | (44,195) |
| Adjustments for: |
||||
| Other Income | (14,991) | (16,265) | ||
| Increase in trade and other payables |
1,222 | 480 | ||
| Net cash used in operating | activities | (11,339) | (59,980) | |
| Cash flows from Other Activities | ||||
| Other Income |
14,991 | 16,265 | ||
| Net cash from Other activities | 14,991 | 16,265 | ||
| Net cash from financing activities |
50,000 | |||
| Net increase in cash and cash equivalents |
3,652 | 6,285 | ||
| Gash and cash equivalents | at the beginning | of the year | 6,285 | |
| Cash and cash equivalents | at the end of the year | 9,938 | 6,285 | |
| Componentsof cash and cash equivalents |
||||
| Cash and bank balances | 9,938 | 6,285 | ||
| 9,938 | 6,285 |
| Republic o | f Ireland (FRS102)and the Companies Act 2006. |
f Ireland (FRS102)and the Companies Act 2006. |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Change in |
basis ofaccounting orto 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 | |||||||||||
| Unrestricted funds |
These are available for use at the discretion of the trustees |
in furtherance | of | the | |||||||
| general objects of the charity. | |||||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular | purposes. | |||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | |||||||
| restatement of investment assets at their market values. |
|||||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
by the donor | or | through | ||||||
| terms of an appeal. | |||||||||||
| 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 | |||||||||
| 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 |
| Recognition | of | Expenditure is recognised on an accruals basis. Expenditure includes any VAT which |
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which |
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which |
|
|---|---|---|---|---|---|
| expenditure | cannot be fully recovered, and is reported as part of the expenditure to which it |
||||
| relates. | |||||
| Expenditure | on | These comprise the costs associated with attracting |
voluntary | income, fundraising | |
| raising funds | trading costs and investment management costs. |
||||
| Expenditure | on | These comprise the costs incurred by the Charity in the delivery of its activities and |
|||
| charitable | activities | services in the furtherance of its objects, including |
the making | of grants and | |
| governance costs. |
|||||
| Grants payable | All grant expenditure isaccounted for on an actual |
paid basis | plus an accrual for | ||
| grants that have been approved by the trustees at |
the end of | the year but not yet | |||
| paid. | |||||
| Governance | costs | These include those costs associated with meeting |
the constitutional and statutory |
||
| requirements of the Charity, 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. |
| 3 Statement |
of Financial | Activities- prior year |
||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | |||
| 2021 | 2021 | |||
| Income and endowments | from: | |||
| Donations | and legacies | 43,347 | 43,347 | |
| Other | 16,265 | 16,265 | ||
| Total | 59,612 | 59,612 | ||
| Expenditure on: |
||||
| Raising funds | 22,838 | 22,838 | ||
| Charitable | activities | 27,470 | 27,470 | |
| Other | 53,499 | 53,499 | ||
| Total | 103,807 | 103,807 | ||
| Net income | (44,195) | (44,195) | ||
| Net income before other | ||||
| gains/ (losses) | (44,195) | (44,195) | ||
| Other gains and losses: | ||||
| Net movement | in funds | (44,195) | (44,195) | |
| Reconciliation | of funds: | |||
| Total funds carried forward | (44,195) | (44,195) |
| Income fr | om donat | ions and legacies |
|||
|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||
| 2022 | 2021 | ||||
| 22,323 | 22,323 | 43,347 | |||
| 22,323 | 22,323 | 43,347 | |||
| Donated | goods, facilities and services received | ||||
| Total | Total | ||||
| 2022 | 2021 | ||||
| Donations | received | 1 | 22,323 | 43,347 | |
| 22,323 | 43,347 |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 12,970 | 2,021 | 14,991 | 16,265 | |||||
| 12,970 | 2,021 | 14,991 | 16,265 | |||||
| 6 | Expenditure | on raising funds | ||||||
| Unrestricted | Total | Total | ||||||
| 2022 | 2021 | |||||||
| Costs ofgenerating | voluntary | |||||||
| income | ||||||||
| 3,155 | 3,155 | 22,838 | ||||||
| 3,155 | 3,155 | 22,838 | ||||||
| 7 | Expenditure | on charitable | activities | |||||
| Unrestricted | Total | Total | ||||||
| 2022 | 2021 | |||||||
| Expenditure | on charitable | |||||||
| activities | ||||||||
| 24,147 | 24,147 | |||||||
| Grants made | 27,470 | |||||||
| Governance | costs | |||||||
| 24,147 | 24,147 | 27,470 |
| Activity or programme | Total | Total | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Home of Hopes | 13,970 | |||||
| Sant Kabir InterCollege | 12,200 | |||||
| The Raffle Charity | 1,300 | |||||
| After School Clubs | ||||||
| 27,470 | ||||||
| Support | ||||||
| Activity or programme | Costs | Total | Total | |||
| 2022 | 2021 | |||||
| Home of Hopes | 13,970 | |||||
| Sant Kabir inter College |
12,200 | |||||
| The Raffle Charity | 1,300 | |||||
| After School Clubs | 24,147 | 24,147 | ||||
| 24,147 | 24,147 | 27,470 | ||||
| 9 | Other expenditure | |||||
| Unrestricted | Total | Total | ||||
| 2022 | 2021 | |||||
| Employee costs | 2,809 | 2,809 | ||||
| Premises costs | 19,750 | |||||
| General administrative | costs | 4,293 | 4,293 | 20,149 | ||
| Legal and professional | costs | 480 | 480 | 13,600 | ||
| 7,582 | 7,582 | 53,499 | ||||
| 10 | Staff costs | |||||
| 2022 | 2021 | |||||
| Salaries and wages | 2,809 | |||||
| 2,809 | ||||||
| No employee received |
emoluments | in excess of F60,000. |
| The a | verage monthly number of full tim |
e equivalent employees during the year was as |
follows: |
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| Fund | Raising |
| Not 11 |
es to the Accounts Creditors: |
es to the Accounts Creditors: |
|||||
|---|---|---|---|---|---|---|---|
| amounts falling due |
within one year | ||||||
| 2022 | 2021 | ||||||
| Trade creditors | 480 | 480 | |||||
| Other taxes and social security | 59 | ||||||
| Other creditors | 1,163 | ||||||
| Accruals | 1 | ||||||
| 1,703 | 480 | ||||||
| 12 | Creditors: | ||||||
| amounts falling due |
after more than one year | ||||||
| 2022 | 2021 | ||||||
| Bank loans and overdrafts | 50,000 | 50,000 | |||||
| 50,000 | 50,000 | ||||||
| Liabilities repayable | in more than five years | ||||||
| after the balance sheet date | |||||||
| Amount repayable |
by instalments | 50,000 | 50,000 | ||||
| 50,000 | 50,000 | ||||||
| 13 | Movement in funds |
||||||
| Incoming | |||||||
| resources | |||||||
| At 31 | |||||||
| At 1 February |
(including other gains/ losses |
Resources expended |
January 2022 |
||||
| 2021 | ) | ||||||
| Restricted funds: | |||||||
| Restricted income funds: | |||||||
| East End Community | |||||||
| Foundation | 2,021 | 2,021 | |||||
| Total | 2,021 | 2,021 | |||||
| Unrestricted funds: |
|||||||
| General funds | (44,195) | 35,293 | (34,884) | (43,786) | |||
| Total funds | (44,195) | 37,314 | (34,884) | (41,765) |
| 14 | Analysis of ne | t assets between funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total | |||
| Net current assets | (1,703) | 9,938 | 8,235 | ||
| Creditors due provisions |
in more than one year and | (50,000) | (50,000) | ||
| (51,703) | 9,938 | (41,765) | |||
| 15 | Reconciliation | of net debt | |||
| At 1 | At 31 | ||||
| February | January | ||||
| 2021 | Cash flows | 2022 | |||
| Cash and cash | equivalents | 6,285 | 3,653 | 9,938 | |
| 6,285 | 3,653 | 9,938 | |||
| Bank loans | (50,000) | (50,000) | |||
| (50,000) | (50,000) | ||||
| Net debt | (43,715) | 3,653 | (40,062) |
| Unrestricte | Restricted | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| d funds | funds | Total funds | Total funds | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||||
| income and endowments | from: | ||||||||
| Donations and | legacies | ||||||||
| 22,323 | 22,323 | 43,347 | |||||||
| 22,323 | 22,323 | 43,347 | |||||||
| Other | |||||||||
| 12,970 | 2,021 | 14,991 | 16,265 | ||||||
| 12,970 | 2,021 | 14,991 | 16,265 | ||||||
| Total income and endowments | 35,293 | 2,021 | 37,314 | 59,612 | |||||
| Expenditure on: |
|||||||||
| Costs of generating donations |
and | ||||||||
| legacies | |||||||||
| 3,155 | 3,155 | 22,838 | |||||||
| 3,155 | 3,155 | 22,838 | |||||||
| Total ofexpenditure funds |
on | raising | 3,155 | 3,155 | 22,838 | ||||
| Charitable activities |
|||||||||
| 24,147 | 24,147 | ||||||||
| Grants made | 27,470 | ||||||||
| 24,147 | 24,147 | 27,470 | |||||||
| Total of expenditure activities |
on | charitable | 24,147 | 24,147 | 27,470 | ||||
| Employee costs | |||||||||
| Salaries/ wages | 2,809 | 2,809 | |||||||
| 2,809 | 2,809 | ||||||||
| Rent | 19,750 | ||||||||
| 19,750 | |||||||||
| General administrative | costs, | ||||||||
| including depreciation |
and | ||||||||
| amortisation | |||||||||
| Equipment expensed |
9,180 | ||||||||
| Equipment repairs |
and | ||||||||
| maintenance | 670 | ||||||||
| Software, IT |
support | and related | |||||||
| costs | 4,038 | ||||||||
| Subscriptions | 4,293 | 4,293 | 6,261 | ||||||
| 4,293 | 4,293 | 20,149 | |||||||
| Legal and professional | costs | ||||||||
| Accountancy | and bookkeeping | 480 | 480 | 480 | |||||
| Consultancy | fees | 13,120 |
| 480 | 480 | 13,600 | |||
|---|---|---|---|---|---|
| Total of expenditure of other costs |
7,582 | 7,582 | 53,499 | ||
| Total expenditure | 34,884 | 34,884 | 103,807 | ||
| Net gains on investments | |||||
| Net income/(expenditure) | 409 | 2,021 | 2,430 | (44,195) | |
| Net income/(expenditure) other gains/(losses) |
before | 409 | 2,021 | 2,430 | (44,195) |
| Other Gains | |||||
| Net movement in funds |
409 | 2,021 | 2,430 | (44,195) | |
| Reconciliation of funds: |
|||||
| Total funds brought forward |
(44,195) | (44,195) | |||
| Total funds carried forward | (43,786) | 2,021 | (41,765) | (44,195) |