**REGISTERED COMPANY NUMBER: CE028706 (England and Wales) REGISTERED CHARITY NUMBER: 1198392** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 25 MARCH 2022 TO 31 MARCH 2023** ## **FOR** ## **BUDGET CLOTHING AND A HELPING HAND** Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL **BUDGET CLOTHING AND A HELPING HAND** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 25 MARCH 2022 TO 31 MARCH 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Statement of Trustees' Responsibilities**||3|| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**|6|to|7| |**Notes to the Financial Statements**|8|to|9| ## **BUDGET CLOTHING AND A HELPING HAND** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 25 MARCH 2022 TO 31 MARCH 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 25 March 2022 to 31 March 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). ## **INCORPORATION** The charitable company was incorporated on 25 March 2022. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The main objective of the charity is to provide budget clothing for needy people. ## **Significant activities** The charity was dormant during the 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 charity for the public benefit are detailed in the Objectives and Activities section of the report. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document. a constitution and constitutes a charity incorporated organisation ## **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** CE028706 (England and Wales) ## **Registered Charity number** 1198392 ## **Registered office** 249 West Green Road London N15 5ED ## **Trustees** S Blonder (appointed 25.3.22) P Spitzer (appointed 25.3.22) B Weinberg (appointed 25.3.22) ## **Independent Examiner** Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL Page 1 **BUDGET CLOTHING AND A HELPING HAND** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 25 MARCH 2022 TO 31 MARCH 2023** Approved by order of the board of trustees on 6 February 2024 and signed on its behalf by: S Blonder - Trustee Page 2 ## **BUDGET CLOTHING AND A HELPING HAND** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE PERIOD 25 MARCH 2022 TO 31 MARCH 2023** The trustees (who are also the directors of BUDGET CLOTHING AND A HELPING HAND for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUDGET CLOTHING AND A HELPING HAND** ## **Independent examiner's report to the trustees of BUDGET CLOTHING AND A HELPING HAND ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the period 25 March 2022 to 31 March 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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 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 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. Malcolm Venitt Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL 6 February 2024 Page 4 ## **BUDGET CLOTHING AND A HELPING HAND** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 25 MARCH 2022 TO 31 MARCH 2023** |||Total|| |---|---|---|---| |||funds|| ||Notes|£|| |**NET INCOME**|||-| |**TOTAL FUNDS CARRIED FORWARD**|||-| The notes form part of these financial statements Page 5 **BUDGET CLOTHING AND A HELPING HAND** ## **BALANCE SHEET 31 MARCH 2023** |||Total|| |---|---|---|---| |||funds|| ||Notes|£|| |**NET CURRENT ASSETS**|||-| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**|||-| |**NET ASSETS**|||-| |**FUNDS**|3||| |**TOTAL FUNDS**|||-| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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. The notes form part of these financial statements Page 6 continued... ## **BUDGET CLOTHING AND A HELPING HAND** ## **BALANCE SHEET - continued 31 MARCH 2023** 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 6 February 2024 and were signed on its behalf by: S Blonder - Trustee P Spitzer - Trustee B Weinberg - Trustee The notes form part of these financial statements Page 7 **BUDGET CLOTHING AND A HELPING HAND** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 25 MARCH 2022 TO 31 MARCH 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. ## **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. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 March 2023. ## **3. MOVEMENT IN FUNDS** |||Net|| |---|---|---|---| |||movement|At| |||in funds|31.3.23| |||£|£| |**TOTAL FUNDS**||-|-| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**TOTAL FUNDS**|-|-|-| continued... Page 8 **BUDGET CLOTHING AND A HELPING HAND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 25 MARCH 2022 TO 31 MARCH 2023** ## **4. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 31 March 2023. Page 9