2024-05-31-accounts - Lck

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Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

LCK - Charity

Contents of the Financial Statements for the Year Ended 31 May 2024

	Page
Company Information	1
Report of the Trustees	2
Profit and Loss Account	3
Balance Sheet	4
Notes to the Financial Statements	5
Report	7
Trading and Profit and Loss Account	8

LCK - Charity

Company Information for the Year Ended 31 May 2024

TRUSTEES:

REGISTERED OFFICE:

REGISTERED NUMBER:

Mohammed M Ghaffar Rabia Ghaffar Punit Patel Suzy Jakeman

Flat 2 42 Stanmore Hill Stanmore HA7 3BN

1198839 (England and Wales)

Page 1

LCK - Charity

Report of the Trustees

for the Year Ended 31 May 2024

The Trustees present their report with the financial statements of the company for the year ended 31 May 2024.

The trustees who are also the directors of the charity for the purposes of the Companies Act 2006, present their report with the Financial Statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of the Statements of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of charity base services.

TRUSTEES

The Trustees during the year under review were:

Mohammed M Ghaffar Rabia Ghaffar Punit Patel Suzy Jakeman

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Documents:

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

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.

ON BEHALF OF THE BOARD:

........................................................................ Trustee – Mohammed M Ghaffar Date: .............................................

Page 2

LCK - Charity

Profit and Loss Account for the Year Ended 31 May 2024

Notes INCOMING RESOURCES RESOUCES EXPENDED Charitable Activities Charitable RESOURCES INCOME Distribution costs Administrative expenses NET INCOMING (OUTGOING) RESOURCES BEFORE OTHER INCOME 2 Interest receivable and similar income NET INCOMING (OUTGOING) RESOURCES BEFORE OTHER INCOME Tax on profit on ordinary activities 3 NET INCOMING (OUTGOING) RESOURCES TOTAL FUNDS CARRIED FORWARD	31.5.24 £ 1,650 23,978	£ 67,269 25,856 41,413 25,628 15,785 321 16,106 - 16,106 16,106	31.5.23 £ - 36,322	£ 37,821 1,454 36,367 36,322 45 - 45 - 45 45

The notes form part of these financial statements

Page 3

LCK - Charity

Balance Sheet

31 May 2024

Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted Funds 7	31.5.24 £ 17 16,379 16,396 841	£ 596 15,555 16,151 16,151 16,151	31.5.23 £ 31 155 186 891	£ 750 (705) 45 45 45

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledges their responsibilities for:

(a) ensuring that the charitable company keeps accounting records which 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 22 February 2025 & were signed by:

ON BEHALF OF THE BOARD:

........................................................................ Trustee – Mohammed M Ghaffar

Approved by the Board on .............................................

The notes form part of these financial statements

Page 4

LCK - Charity

Notes to the Financial Statements for the Year Ended 31 May 2024

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included in the Statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

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 etc -20% on reducing balance

Tax

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund.

2. NET INCOMING (OUTGOING) RESOURCES BEFORE OTHER INCOME

The Net Incoming is stated after charging:

	31.5.24	31.5.23
	£	£
Depreciation - owned assets	154	154
Trustees' emoluments and other benefits etc	-	-

3. TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 May 2024 nor for the year ended 31 May 2023.

4. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
	Plant and
	machinery
	etc
	£
COST
At 1 June 2023
and 31 May 2024	904
DEPRECIATION
At 1 June 2023	154
Charge for year	154
At 31 May 2024	308
NET BOOK VALUE
At 31 May 2024	596
At 31 May 2023	750

continued...

Page 5

LCK - Charity

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.5.24	31.5.23
		£	£
	Trade debtors	17	31
6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.5.24	31.5.23
		£	£
	Trade creditors	41	44
	Other creditors	800	847
		841	891
7.	MOVEMENT IN FUNDS
			Profit
			and loss
			account
			£
	At 1 June 2023		45
	Net Movement in funds for the		16,106
	year
	At 31 May 2024		16,151

Page 6

LCK - Charity

Report LCK - Charity

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to six and you consider that the company is charitable non-profit company.

Respective responsibilities of the trustees and examiner

The charity’s trustees (who are the directors for the Company Law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 145 of the 2011 act.
To follow the procedures liad down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
To state whether particular matters have come to my attention.

Basis of the Independent Examiner’s report

In my opinion, attention should be drawn to the following matter in order to enable a proper understanding of the financial statements to be reached: LCK had unrestricted reserves of £16,151 as at 31 May 2024, and confirmed funding for less than 12 months from June 2023. The trustees consider the charity a going concern subject to raising funds successfully. The trustees are monitoring the charity's spending and cash flow regularly to ensure that its liabilities are met as and when they fall due. The trustees also explain this in note 1 (a) in the accounts. No other matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that, in any material respect, the requirements

a) to keep accounting records in accordance with section 386 of the Companies Act 2006; and b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met.

This page does not form part of the statutory financial statements

Page 7

LCK - Charity

Trading and Profit and Loss Account for the Year Ended 31 May 2024

INCOMING RESOURCES Incoming resources from generated funds RESOUCES EXPENDED Charitable Activities Purchases Governance costs Donation GROSS INCOME Other income Deposit account interest Expenditure Wages Rent, rates and water Light and heat Telephone Post and stationery Travelling Motor expenses Repairs and renewals Volunteers Expenses Household and cleaning Sundry expenses Subscription Functions & Events Accountancy Legal fees Donations Depreciation of tangible fixed assets Plant and machinery Finance costs Bank charges NET INCOME	31.5.24 £ 2,140 13,451 10,265 1,650 1,820 - 341 1,507 341 519 5,089 6,020 221 433 - 5,970 800 545 - 154	£ 67,269 25,856 41,413 321 41,734 25,410 16,324 218 16,106	31.5.23 £ - 1,454 - - 1,350 443 288 531 - - - 7,262 289 592 110 4,543 650 - 20,110 154	£ 37,821 1,454 36,367 - 36,367 36,322 45 - 45

This page does not form part of the statutory financial statements

Page 8