REGISTERED COMPANY NUMBER: 13089177 (England and Wales) REGISTERED CHARITY NUMBER: 1195056
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
CANVEY BRIGHT START LTD
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
CANVEY BRIGHT START LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 10 |
CANVEY BRIGHT START LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 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 December 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 objects are to advance religion in accordance with the Orthodox Jewish faith and for such other purposes as are recognised by English Law as charitable and in furtherance of the objects below:
1) The advancement of the Orthodox Jewish religious education.
2) To provide or support the provision of facilities and programmes for children and young people for their recreation and other leisure time occupation so as to develop their skills, to enhance their employment prospects and to assist them in growing to full maturity as individuals and as members of society and so that their conditions of life may improve.
3) The relief of poverty hardship and distress among persons of the Jewish faith.
Significant activities
The financial results of the company's activities for the period ended 31 December 2022 are fully reflected in the attached financial statements together with the notes thereon.
The trustees are satisfied with the results and activities of the company for the year and do not anticipate any significant changes in the forthcoming year.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. The aims of the charitable company for the public benefit are detailed in the Objectives and Activities section of the report.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity received donations that amounted to £175,567 (2021: £127,797) and paid £28,158 (2021: £33,130) in grants to various charitable institutions.
FINANCIAL REVIEW
Financial position
The charity is financially dependent on income from charitable donations.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.
Going concern
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing documents, Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
CANVEY BRIGHT START LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
13089177 (England and Wales)
Registered Charity number
1195056
Registered office
12 HARDYS WAY CANVEY ISLAND SS8 9PT
Trustees
Y Deutsch E Elyovics A J Krausz
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 5 July 2023 and signed on its behalf by:
Y Deutsch - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CANVEY BRIGHT START LTD
Independent examiner's report to the trustees of CANVEY BRIGHT START LTD ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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:
-
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.
M A Venitt
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
5 July 2023
Page 3
CANVEY BRIGHT START LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Period | |||
|---|---|---|---|
| 18.12.20 | |||
| Year ended | to | ||
| 31.12.22 | 31.12.21 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 175,567 | 127,797 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 203,992 | 88,773 | |
| Other | 660 | 600 | |
| Total | 204,652 | 89,373 | |
| NET INCOME/(EXPENDITURE) | (29,085) | 38,424 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 38,424 | - | |
| TOTAL FUNDS CARRIED FORWARD | 9,339 | 38,424 |
The notes form part of these financial statements
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CANVEY BRIGHT START LTD
BALANCE SHEET 31 DECEMBER 2022
| 31.12.22 | 31.12.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 5 | 6,854 | 8,063 |
| CURRENT ASSETS | |||
| Cash at bank | 3,146 | 30,961 | |
| CREDITORS | |||
| Amounts falling due within one year | 6 | (661) | (600) |
| NET CURRENT ASSETS | 2,485 | 30,361 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 9,339 | 38,424 | |
| NET ASSETS | 9,339 | 38,424 | |
| FUNDS | 7 | ||
| Unrestricted funds | 9,339 | 38,424 | |
| TOTAL FUNDS | 9,339 | 38,424 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(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.
The notes form part of these financial statements
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continued...
CANVEY BRIGHT START LTD
BALANCE SHEET - continued 31 DECEMBER 2022
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 5 July 2023 and were signed on its behalf by:
Y Deutsch - Trustee
E Elyovics - Trustee
A J Krausz - Trustee
The notes form part of these financial statements
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CANVEY BRIGHT START LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
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. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 18.12.20 | ||
| Year ended | to | |
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Depreciation - owned assets | 1,209 | 1,423 |
continued...
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CANVEY BRIGHT START LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the period ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the period ended 31 December 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 127,797 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities | 88,773 | |
| Other | 600 | |
| Total | 89,373 | |
| NET INCOME | 38,424 | |
| TOTAL FUNDS CARRIED FORWARD | 38,424 | |
| 5. | TANGIBLE FIXED ASSETS | |
| Fixtures | ||
| and | ||
| fittings | ||
| £ | ||
| COST | ||
| At 1 January 2022 and 31 December 2022 | 9,486 | |
| DEPRECIATION | ||
| At 1 January 2022 | 1,423 | |
| Charge for year | 1,209 | |
| At 31 December 2022 | 2,632 | |
| NET BOOK VALUE | ||
| At 31 December 2022 | 6,854 | |
| At 31 December 2021 | 8,063 |
continued...
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CANVEY BRIGHT START LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 7. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 38,424 TOTAL FUNDS 38,424 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 175,567 TOTAL FUNDS 175,567 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 127,797 TOTAL FUNDS 127,797 |
31.12.22 31.12.21 £ £ 661 600 Net movement At in funds 31.12.22 £ £ (29,085) 9,339 (29,085) 9,339 Resources Movement expended in funds £ £ (204,652) (29,085) (204,652) (29,085) Net movement At in funds 31.12.21 £ £ 38,424 38,424 38,424 38,424 Resources Movement expended in funds £ £ (89,373) 38,424 (89,373) 38,424 |
|---|---|
continued...
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CANVEY BRIGHT START LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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