REGISTERED COMPANY NUMBER: CE028341 (England and Wales) REGISTERED CHARITY NUMBER: 1197927
Report of the Trustees and
Unaudited Financial Statements for the Period Ended 05 April 2023
for
Beavers Under Fives
Elan & Co 2020 Limited Chartered Certified Accountants Unit 3 Cedar Court
1 Royal Oak Yard London SE1 3GA
Beavers Under Fives
Contents of the Financial Statements for the Period Ended 05 April 2023
| Page | |
|---|---|
| Report of the Trustees | 1to2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5to 7 |
| Detailed Statement of Financial Activities | 8 |
Beavers Under Fives
Report of the Trustees
for the Period Ended 05 April 2023
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 period ended 05 April 2023. 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 Activities
The charity's object and its principal activity of the company in the year under review was to promote the exclusively charitable work of education and training for children and young people.
FINANCIAL REVIEW
Investment policy and objectives
The trustees have agreed that at present, keeping the funds in a deposit account is the safest option.
Reserves policy
The trustees consider that the financial position of the company is satisfactory. It is the policy of the charity to maintain unrestricted funds at a level, which equates to twelve months of unrestricted expenditure.
STRUCTURE, GOVERNANCE, AND MANAGEMENT Governing document
The company was incorporated on 15th February 2022 and governed by Memorandum and Articles of Association.
Management
The directors and trustees named on page 1 have served throughout the year. The Articles of Association of the company govern the appointment of directors/trustees.
They had no beneficial interests in the company the liability of each director is a maximum of £100 all directors of the company are trustees of the charity.
Induction and training of new trustees
All trustees are familiar with the work of the charity the existing trustees brief all new trustees Considering the nature of the charity, it was considered not necessary to attend any training courses, but the web site of the Charity Commission was given to all trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE028341 (England and Wales)
Registered Charity number
1197927
Registered office
43 De Beauvoir road, The Rose Lipman Community Centre, London N1 5SE
Trustees
Suzan Hamill Victoria O’Çonnell Christina O’Brien
Company Secretary
Victoria O’Çonnell
Page 1
Beavers Under Fives
Report of the Trustees for the Period Ended 05 April 2023
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 20[th] August 2024 and signed on its behalf by:
Suzan Hamill - Trustee
Page 2
Beavers Under Fives
Statement of Financial Activities for the Period Ended 05 April 2023
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05.04.23
Unrestricted Restricted Total
fund fund funds
Notes £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 99,887 - 99,887
Other income 2 17,802 - 11,802
Total 117,689 - 117,689
EXPENDITURE ON
Charitable activities
Charitable Activity 117,688 - 117,688
NET LOSS 1 - 1
RECONCILIATION OF FUNDS
Total funds brought forward - - -
TOTAL FUNDS CARRIED FORWARD 1 - 1
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The notes form part of these financial statements
Page 3
Beavers Under Fives
Balance Sheet 05 April 2023
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31.7.23
Unrestricted Restricted Total
fund fund funds
Notes £ £ £
FIXED ASSETS
Tangible assets 5 - - -
CURRENT ASSETS
Amounts falling due within one year 6 6,157 - 6,157
Cash at bank and in hand 3 ,437 - 3,437
CREDITORS
Amounts falling due within one year 7 (9,593) - (9,593)
NET CURRENT ASSETS 1 - 1
TOTAL ASSETS LESS CURRENT
LIABILITIES - - -
NET ASSETS 1 - 1
FUNDS 8
Unrestricted funds 1
Restricted funds -
TOTAL FUNDS 1
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 05 April 2023.
The members have not required the company to obtain an audit of its financial statements for the period ended 05 April 2023 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.
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 20[th] August 2024 and were signed on its behalf by:
Suzan Hamill - Trustee
The notes form part of these financial statements
Page 4
Beavers Under Fives
Notes to the Financial Statements for the Period Ended 5 April 2023
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 an 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Fixtures and fittings - 25% 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. OTHER INCOME
| 2. OTHER INCOME |
|
|---|---|
| 31.7.23 | |
| £ | |
| Other Income | 17,802 |
| Deposit account interest | - |
| 17,802 | |
continued...
Page 5
Beavers Under Fives
Notes to the Financial Statements - continued for the Period Ended 5 April 2023
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
5.4.23 £ - Depreciation - owned assets
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 5 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 5 April 2023.
continued...
Page 6
Beavers Under Fives
Notes to the Financial Statements - continued
for the Period Ended 05 Aprils 2023
5. TANGIBLE FIXED ASSETS
| Fixtures | |||||
|---|---|---|---|---|---|
| Freehold | Plant and | and | |||
| property | machinery | fittings | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 August 2022 and 05 April 2023 | - | - | - | - | |
| DEPRECIATION | |||||
| At 1 August 2022 | - | - | - | - | |
| Charge for year | - | - | - | - | |
| At 05 April 2023 | - | - | - | - | |
| NET BOOK VALUE | |||||
| At 05 April 2023 | - | - | - | - | |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 5.4.23 | |||||
| £ | |||||
| Prepayment and accrued income | 6,157 | ||||
| 6,157 | |||||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 5.4.23 | |||||
| £ | |||||
| Social security and other taxes | 7,233 | ||||
| Other creditors | 1,160 | ||||
| Accrued expenses | 1,200 | ||||
| 9,593 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 05 April 2023.
Page 7
Beavers Under Fives
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Detailed Statement of Financial Activities
for the Period Ended 05 April 2023
5.4.23
£
INCOME AND ENDOWMENTS
Donations and legacies
Offerings 99,887
Other income
Other income 17,802
Deposit account interest -
17,802
Total incoming resources 117,689
EXPENDITURE
Charitable activities
Services 37,791
Support costs
Wages 59,034
Other admin expenses 3,088
Travelling 14,752
76,874
Governance costs
Accountancy and legal fees 3,024
Total resources expended 117,688
Net profit 1
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This page does not form part of the statutory financial statements
Page 8