CHARITY REGISTRATION NUMBER: 1196184
SUPPORTWISE Unaudited Financial Statements 31 July 2024
SUPPORTWISE Financial Statements Period ending 31 July 2024
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| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 8 |
SUPPORTWISE Trustees' Annual Report Period ending 31 July 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name SupportWise Charity number 1196184 Principal office 26C Denver Road London N16 5JH Trustees Mr E Brecher Mr S Reiner Mr K Stein Independent examiner Stone & Co. Services Ltd 3 Norfolk Avenue London N15 6JX
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SUPPORTWISE Trustees' Annual Report Period ending 31 July 2024
The trustees present their report and the unaudited financial statements of the charity for the period ending 31 July 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is governed by a constitution.
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trusees will apply suitable recruitment induction and training procedures. The trustees administer the day to day running of the charity.
The trustees confirm that there are no major risks to which the charity is exposed.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are:
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Our aim is to help disadvantaged people with access to grants, food packages and financial support (loans), whether directly or through other organisations in the UK and/or abroad.
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To promote any other exclusively charitable objects and purposes as the trustees see fit, provided that they are regarded as charitable by the laws of England and Wales.
The trustees have considered the Charity Commission's general guidance on public benefit.
STRATEGIC REPORT
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The trustees are pleased with the results of the year. The charity managed to raise the necessary funds required to reach their charitable objectives.
Financial Review
Total incoming resources were £91,944. Total resources expended were £88,874.
The financial results of the charity's activities for the year to 31 July 2024 are fully reflected in the attached Financial Statements.
Reserve policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
As at 31 July 2024, the charity had free reserves of £4,412.
The trustees' annual report and the strategic report were approved on 29 May 2025 and signed on behalf of the board of trustees by:
Mr M Brecher Trustee
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SUPPORTWISE Company Limited by Guarantee Independent examiner's report to the trustees on the unaudited financial statements Period ending 31 July 2024
Independent examiner's report to the trustees of Chasdei Yisocher Dov ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2023.
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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1 accounting records were not kept in respect of the Company 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
Stone & Co. Services Ltd 3 Norfolk Avenue London N15 6JX
30 May 2025
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SUPPORTWISE Statement of Financial Activities Period ending 31 July 2024
| Note INCOME AND ENDOWMENTS Donations and grants 4 Total income EXPENDITURE ON Expenditure on charitable activities 5,6 Total expenditure NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds Total funds £ £ 91,944 91,944 91,944 91,944 (88,874) (88,874) (88,874) (88,874) 3,070 3,070 1,341 1,341 4,411 4,411 2024 |
2023 Total funds £ 12,420 12,420 (11,079) (11,079) 1,341 - 1,341 |
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CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
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SUPPORTWISE Statement of Financial Position Period ending 31 July 2024
| Notes FIXED ASSETS Tangible fixed assets CURRENT ASSETS Debtors Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
£ £ - - 4,891 4,891 (480) 4,411 4,411 4,411 4,411 4,411 2024 |
2023 £ - - 1,761 1,761 (420) 1,341 1,341 1,341 1,341 1,341 |
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The financial statements were approved by the Board of Trustees on 29 May 2025 and were signed on its behalf by:
Mr M Brecher
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SUPPORTWISE Notes to the financial statements Period ending 31 July 2024
1 GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 26c Denver Road, London, N16 5JH.
2 STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. 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.
Taxation
The charity is exempt from 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.
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SUPPORTWISE
Notes to the Financial Statements (continued) Period ending 31 July 2024
| 4 DONATIONS AND GRANTS Unrestricted Funds £ Donations received 91,944 Grants received - 91,944 5 EXPENDITURE ON CHARITABLE ACTIVITIES BY Unrestricted Funds £ Grants to individuals 81,056 Grants to institutions - Support costs 7,818 88,874 6 EXPENDITURE ON CHARITABLE ACTIVITIES BY Direct Costs £ Donations paid 81,056 Governance costs - 81,056 |
Restricted Total Funds Funds 2024 £ £ - 91,944 - - - 91,944 FUND TYPE Restricted Total Funds Funds 2024 £ £ - 81,056 - - - 7,818 - 88,874 ACTIVITY TYPE Support Total Funds Costs 2024 £ £ - 81,056 7,818 7,818 7,818 88,874 |
Total Funds 2023 £ 12,420 - 12,420 Total Funds 2023 £ 10,406 - 673 11,079 Total Funds 2023 £ 10,406 673 11,079 |
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7 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ending 31 July 2024.
Trustees' expenses
There were no trustees' expenses paid for the period ending 31 July 2024.
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SUPPORTWISE Notes to the Financial Statements (continued) Period ending 31 July 2024
8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors Accruals and deferred income |
2024 £ - 480 480 |
2023 £ - 420 420 |
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9 RELATED PARTY DISCLOSURES
There were no related party transactions for the period ending 31 July 2024.
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