Registered Charity Number: 1198045 THE LISHA FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ## **Prepared By:** SF Accountant Limited The Generator Business Centre Unit 20, 95 Miles Road, Mitcham, Surrey CR4 3FH THE LISHA FOUNDATION Financial Statements for the year ended 31 MARCH 2024 ## **INFORMATION OF THE FINANCIAL STATEMENTS** ## **MANAGEMENT COMMITTEE** **Chairman** : Loice Gomera **Trustees:** Loice Gomera Nyasha Majecha Markus Roland Steiner Takudzwa Gomera **Address** : 199 St. Neots Road Hardwick Cambridge CB23 7QJ **Banker:** Lloyds Bank Plc. ## **Independent Examiner:** SF Accountant Limited The Generator Business Centre Unit 20, 95 Miles Road, Mitcham, Surrey CR4 3FH 2 THE LISHA FOUNDATION Financial Statements for the year ended 31 MARCH 2024 |**CONTENTS**|**Page**| |---|---| |Report of the Executive Committee|4| |Statement of responsibilities of the Committee|5| |Independent Examiner's Report|6| |Income and Expenditure Accounts|8| |Statement of Assets and Liabilities|9| |Notes to the Accounts|10| 3 THE LISHA FOUNDATION Financial Statements for the year ended 31 MARCH 2024 ## **REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31[st] March 2024** The Executive Committee has the pleasure in presenting their report and the Financial Statements reviewed by the independent examiner for the year ended 31[st] March 2024. ## **GOVERNING** The organisation is managed by Executive Committee according to the organisation's constitution, elected by the general members to oversee the overall activities and to monitor the day to day running of the organisation. ## **OBJECTIVE OF THE LISHA FOUNDATION** The main objectives of the organisation are as follows: A) TO ADVANCE IN LIFE AND RELIEVE THE NEEDS OF YOUNG PEOPLE BY PROVIDING SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES, AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS. B) TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY PREVENTING PEOPLE FROM BECOMING SOCIALLY EXCLUDED, RELIEVING THE NEEDS OF THOSE WHO ARE SOCIALLY EXCLUDED, AND ASSISTING THEM TO INTEGRATE INTO SOCIETY BY HELPING PEOPLE TO IMPROVE THEIR LIVES AND PARTICIPATE ACTIVELY IN SOCIETY AND THRIVE THROUGH THEIR OWN EFFORTS. FOR THE PURPOSE OF THIS CLAUSE ?SOCIALLY EXCLUDED? MEANS BEING EXCLUDED FROM SOCIETY, OR PARTS OF SOCIETY, AS A RESULT OF ONE OF MORE OF THE FOLLOWING FACTORS: UNEMPLOYMENT; FINANCIAL HARDSHIP; YOUTH OR OLD AGE; ILL HEALTH (PHYSICAL OR MENTAL); SUBSTANCE ABUSE OR DEPENDENCY INCLUDING ALCOHOL AND DRUGS; DISCRIMINATION ON THE GROUNDS OF SEX, RACE, DISABILITY, ETHNIC ORIGIN, RELIGION, BELIEF, CREED, SEXUAL ORIENTATION OR GENDER REASSIGNMENT; POOR EDUCATIONAL OR SKILLS ATTAINMENT; RELATIONSHIP AND FAMILY BREAKDOWN; POOR HOUSING (THAT IS HOUSING THAT DOES NOT MEET BASIC HABITABLE STANDARDS; CRIME (EITHER AS A VICTIM OF CRIME OR AS AN OFFENDER REHABILITATING INTO SOCIETY). ## **THE MANAGEMENT COMMITTEE** The Management committee who serve the Charity during the year were as follows: **Trustees:** Loice Gomera Nyasha Majecha Markus Roland Steiner Takudzwa Gomera 4 THE LISHA FOUNDATION Financial Statements for the year ended 31 MARCH 2024 ## **STATEMENTS OF RESPONSIBILITIES OF THE EXECUTIVE COMMITTEE** Law applicable to charities in England & Wales requires the Committee to prepare financial statements for each financial year that give a true and fair view of the charity's financial activities during the year of its financial position at the end of the year which is 12 months. In preparing those financial statements, the Committee is required to: _**1.**_ Select suitable accounting policies and apply them consistently; _**2.**_ Make judgments and estimates that are reasonable and prudent; _**3.**_ State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; _**4.**_ Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Executive Committee is responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements Comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **INDEPENDENT EXAMINER** According to the provisions of the Charities Act 1993, the Committee has agreed that an audit is not required for this financial year. However, due to provisions of the same act an independent examiner is required. SF Accountant Limited will be appointed as an independent examiner for the ensuing year. ## **APPROVAL** This report was approved by the Executive Committee on 23/01/2025 and signed on their behalf …………………….. (Chairman) 5 THE LISHA FOUNDATION Financial Statements for the year ended 31 MARCH 2024 ## **INDEPENDENT EXAMINER'S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS TO THE EXECUTIVE COMMITTEE OF THE LISHA FOUNDATION** ## Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed _._ It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and to state whether particular matters have come to my attention ## Basis of independent examiner’s statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## Basis of independent examiner’s statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## Independent examiner's statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the - Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form - and content of accounts set out in the Charities (Accounts and Reports) Regulations 6 THE LISHA FOUNDATION Financial Statements for the year ended 31 MARCH 2024 2008 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.  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. ………………………………………………. ## **SF Accountant Limited** **The Generator Business Centre** **Unit 20, 95 Miles Road, Mitcham, Surrey CR4 3FH** ## **Dated: 23/01/2025** 7 THE LISHA FOUNDATION Financial Statements for the year ended 31 MARCH 2024 ## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31[st] March 2024** |**Receipts**|**Un-restricted**|**Restricted**|**Total**|**2023**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |Donation received|2,260||2,260|10,260| |**Total**|**2,260**|**-**|**2,260**|**10,260**| |**Less: Payments**||||| |Donation to others|-|-|-|-| |Advertisement in TV|-|-|-|-| |Volunteer costs|-|-|-|-| |Telephone|-|-|-|-| |Insurance|340|-|340|-| |Events fee|3,780||3,780|4,610| |Travel|-|-|-|-| |Accountancy|240|-|240|240| |**Total**|**4,360**||**4,360**|**4,850**| |**Excess of Income over**|**(2,100)**|**-**|(2,100)|**5,410**| |**Expenditure (deficit)**||||| 8 Financial Statements for the year ended 31 MARCH 2024 ## THE LISHA FOUNDATION ## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31[st] March 2024** |**NOTE**
**2024**
**£££**
**Current Assets**
Cash at Bank (Current account)
3,791
Prepayment
-
**Current Liabilities**
Amount failing due within one year
(480)

Net Current Assets / (Liabilities)
**Net Assets**
**3,311**

**Funds:**
Reserve B/FWD
5,410
Surplus/deficit
(2,099)
**Total Funds**
**3,311**
……………………..
…………………………….
(Chairman)
(Trustee)|**2023**
**£££**
5,650
-
(240)
**5,410**
-
5,410
**5,410**| |---|---| 9 THE LISHA FOUNDATION Financial Statements for the year ended 31 MARCH 2024 ## **FOR THE YEAR ENDED 31[st] March 2024 NOTES TO THE ACCOUNTS** ## **1. ACCOUNTING POLICIES** The financial statements have been compiled in accordance with the general directions given by the Charity Commission and with the Statements of recommended Practice. ## **a. Basis of Accounting** The accounts have been prepared under the historical cost convention of accounting. ## **b. Grants** Revenue grants are credited to the Income and Expenditure account on a receivable basis. ## **c. Donations** Donations are recorded on a receipt basis. ## **d. Depreciation** No Depreciation to be charged on Fixtures and Fittings and Building Construction. 10