## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2024 for LCK - Charity 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