CHARITY REGISTRATION NUMBER: 1197186
Mobile Smiles
Unaudited Financial Statements 5 April 2023
CAS
Chartered accountants 151 Askew Road London W12 9AU
Mobile Smiles
Financial Statements
Year ended 5 April 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Chartered accountant's report to Mobile Smiles on the | |
| unaudited financial information | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
Mobile Smiles
Trustees' Annual Report
Year ended 5 April 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2023.
Reference and administrative details
Registered charity name Mobile Smiles Charity registration number 1197186 Principal office 4 Spring Grove Crescent Houslow TW3 4DB
The trustees
Accountants
Mariam Ghobrial Robert Fakhoury Andrew El-Khanagry John Mikhail Rafik Hebeish Christine Wanis CAS Chartered accountants 151 Askew Road London W12 9AU
Structure, governance and management
The charity has six trustees that have been selected on the basis of experience and knowledge in the dental health services and have fund raising capabilities.
Objectives and activities
Our charity's objectives are the relief of sickness and for the protection and preservation of the health of inhabitants of less fortunate countries initially and other countries in the future. Provision or assistance in the provision of dental clinics for the treatment of such persons and advancing their dental health education.
Achievements and performance
The charity is at the fund raising stage and planning the delivery of its charitable activity.
Financial review
This is the first financial year,the charity is at the fundraising stage.
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Mobile Smiles
Trustees' Annual Report (continued)
Year ended 5 April 2023
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Rafik Hebeish Trustee
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Mobile Smiles
Chartered Accountant's Report to Mobile Smiles on the Unaudited Financial Information of Mobile Smiles
Year ended 5 April 2023
In accordance with the engagement letter dated Please fill in the Date of Engagement in field 9 of Client Database > Setup > Action Dates, we have prepared for your approval the financial information of Mobile Smiles for the year ended 5 April 2023, which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes from the charity's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the board of trustees of Mobile Smiles, as a body, in accordance with the terms of our engamenet letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mobile Smiles and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release TECH08/16AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mobile Smiles and its board of trustees, as a body, for our work or for this report.
You have approved the financial information for the year and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all informations and explanations necessary for its compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information.
CAS Chartered accountants 151 Askew Road London W12 9AU
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Mobile Smiles
Statement of Financial Activities
Year ended 5 April 2023
| 2023 | 2023 | ||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | ||
| Note | £ | £ | |
| Income and endowments | |||
| Donations and legacies | 4 | 10,500 | 10,500 |
| Other income | 5 | 100 | 100 |
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| Total income | 10,600 | 10,600 | |
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| Expenditure | |||
| Expenditure on charitable activities | 6,7 | 502 | 502 |
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| Total expenditure | 502 | 502 | |
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| Net income and net movement in funds | 10,098 | 10,098 | |
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| Reconciliation of funds | |||
| Total funds brought forward | – | – | |
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| Total funds carried forward | 10,098 |
10,098 |
The notes on pages 7 to 10 form part of these financial statements.
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Mobile Smiles
Statement of Financial Position
5 April 2023
| 5 April 2023 | |||
|---|---|---|---|
| 2023 | |||
| Note | £ | £ | |
| Current assets | |||
| Debtors | 10 | 500 | |
| Cash at bank and in hand | 9,958 | ||
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| 10,458 | |||
| Creditors: amounts falling due within one year | 11 | 360 | |
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| Net current assets | 10,098 | ||
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| Total assets less current liabilities | 10,098 | ||
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| Net assets | 10,098 | ||
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| Funds of the charity | |||
| Unrestricted funds | 10,098 | ||
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| Total charity funds | 12 | 10,098 | |
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These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Rafik Hebeish Trustee
The notes on pages 7 to 10 form part of these financial statements.
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Mobile Smiles
Statement of Cash Flows
Year ended 5 April 2023
| Year ended 5 April 2023 | |
|---|---|
| 2023 | |
| £ | |
| Cash flows from operating activities | |
| Net income | 10,098 |
| Adjustments for: | |
| Accrued expenses | 360 |
| Changes in: | |
| Trade and other debtors | (500) |
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| Cash generated from operations | 9,958 |
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| Net cash from operating activities | 9,958 |
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| Net increase in cash and cash equivalents | 9,958 |
| Cash and cash equivalents at beginning of year | – |
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| Cash and cash equivalents at end of year | 9,958 |
The notes on pages 7 to 10 form part of these financial statements.
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Mobile Smiles
Notes to the Financial Statements
Year ended 5 April 2023
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 4 Spring Grove Crescent, Hounslow, TW3 4DB.
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 Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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Mobile Smiles
Notes to the Financial Statements (continued)
Year ended 5 April 2023
3. Accounting policies (continued)
Resources expended (continued)
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
4. Donations and legacies
| Unrestricted | Total Funds | ||
|---|---|---|---|
| Funds | 2023 | ||
| £ | £ | ||
| Donations | |||
| Donations type 1 | 10,500 | 10,500 | |
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| 5. | Other income | ||
| Unrestricted | Total Funds | ||
| Funds | 2023 | ||
| £ | £ | ||
| Other income type 1 | 100 | 100 | |
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| 6. | Expenditure on charitable activities by fund type | ||
| Unrestricted | Total Funds | ||
| Funds | 2023 | ||
| £ | £ | ||
| Support costs | 502 |
502 |
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Mobile Smiles
Notes to the Financial Statements (continued)
Year ended 5 April 2023
7. Expenditure on charitable activities by activity type
| Total funds | ||
|---|---|---|
| Support costs | 2023 | |
| £ | £ | |
| Governance costs | 502 | 502 |
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8. Staff costs
The average head count of employees during the year was Nil.
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
10. Debtors
| 2023 | |
|---|---|
| £ | |
| Other debtors | 500 |
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11. Creditors: amounts falling due within one year
2023 £ Accruals and deferred income 360
12. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 6 April 2022 | Income | Expenditure | 5 April 2023 | |
| £ | £ | £ | £ | |
| General funds | – | 10,600 | (502) | 10,098 |
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| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| £ | £ | |||
| Current assets | 10,458 | 10,458 | ||
| Creditors less than 1 year | (360) | (360) | ||
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| Net assets | 10,098 | 10,098 | ||
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13. Analysis of net assets between funds
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Mobile Smiles
Notes to the Financial Statements (continued)
Year ended 5 April 2023
14. Analysis of changes in net debt
| At | 6 | Apr | 2022 | Cash flows | At | 5 | Apr 2023 | |
|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | ||||||
| Cash at bank and in hand | – |
9,958 |
9,958 |
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