REGISTERED CHARITY NUMBER: 1199148
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
FOR
PEREI CHARITABLE FAMILY FOUNDATION
PEREI CHARITABLE FAMILY FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 5 |
PEREI CHARITABLE FAMILY FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. 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 aims
The objects of the CIO are for the public benefit to further any purpose which is exclusively charitable under the law of England and Wales.
FINANCIAL REVIEW
Review of the year
The results for the period and the charity's financial position at the end of the period are shown in the attached financial statements.
During the period the company received income of £9,026 and made a gain on investments of £49,979. At the period end the charity had net assets of £461,831.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is set up as a charitable incorporated organisation (CIO) and is registered with the Charity Commission under registration number 1199148.
The CIO was registered with the Charity Commission on 31 May 2022 and is governed by its constitution and board of trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1199148
Principal address
Old Blacknest Cottage Chiddingfold Road Dunsfold Godalming GU8 4PB
Trustees
W R Perei (appointed 31.5.22) Mrs A M Perei (appointed 31.5.22) R A Perei (appointed 31.5.22) Mrs V L Perei (appointed 31.5.22)
Approved by order of the board of trustees on 24 March 2025 and signed on its behalf by:
W R Perei - Trustee
Page 1
PEREI CHARITABLE FAMILY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
| Unrestricted Unrestricted Fund Fund Notes 2024 £ 2023 £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,000 399,482 Investment income 2 6,026 190 Total 9,026 399,672 EXPENDITURE ON Other 881 1,500 Net gains on investments 49,979 5,535 NET INCOME 58,124 403,707 TOTAL FUNDS CARRIED FORWARD 461,831 403,707 |
Unrestricted Unrestricted Fund Fund Notes 2024 £ 2023 £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,000 399,482 Investment income 2 6,026 190 Total 9,026 399,672 EXPENDITURE ON Other 881 1,500 Net gains on investments 49,979 5,535 NET INCOME 58,124 403,707 TOTAL FUNDS CARRIED FORWARD 461,831 403,707 |
Unrestricted Unrestricted Fund Fund Notes 2024 £ 2023 £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,000 399,482 Investment income 2 6,026 190 Total 9,026 399,672 EXPENDITURE ON Other 881 1,500 Net gains on investments 49,979 5,535 NET INCOME 58,124 403,707 TOTAL FUNDS CARRIED FORWARD 461,831 403,707 |
|---|---|---|
| 58,124 403,707 461,831 403,707 |
The notes form part of these financial statements
Page 2
PEREI CHARITABLE FAMILY FOUNDATION
BALANCE SHEET
30 JUNE 2024
| Unrestricted | Unrestricted | Unrestricted | |||
|---|---|---|---|---|---|
| Fund | Fund | ||||
| Notes | 2024 £ | 2023 £ | |||
| FIXED ASSETS | |||||
| Investments | 4 | 447,406 | 295,535 | ||
| CURRENT ASSETS | |||||
| Cash at bank | 15,925 | 109,672 | |||
| CREDITORS | |||||
| Amounts falling due within one year | 5 | (1,500) | (1,500) |
||
| NET CURRENT ASSETS | 14,425 | 108,172 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 461,831 | 403,707 | |||
| NET ASSETS | 461,831 | 403,707 | |||
| FUNDS | 6 | ||||
| Unrestricted funds | 461,831 | 403,707 | |||
| TOTAL FUNDS | 461,831 | 403,707 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 March 2025 and were signed on its behalf by:
W R Perei - Trustee
The notes form part of these financial statements
Page 3
PEREI CHARITABLE FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has 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.
Taxation
The charity is exempt from 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. INVESTMENT INCOME
Deposit account interest |
2024 £ 2023 £ 6,026 190 |
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 30 June 2024 (2023 £nil).
Trustees' expenses
There were no trustees' expenses paid for the period ended 30 June 2024 (2023 £nil).
4. FIXED ASSET INVESTMENTS
| 4. FIXED ASSET INVESTMENTS |
||
|---|---|---|
| Listed | Listed | |
| Investments | Investments | |
| 2024 £ | 2023 £ | |
| MARKET VALUE | ||
| Bfwd | 295,535 | 0 |
| Additions | 100,000 | 290,000 |
| Revaluations | 49,979 | 5,535 |
| Other movements | 1,892 | |
| At 30 June 2024 | 447,406 | 295,535 |
| NET BOOK VALUE | ||
| At 30 June 2024 | 447,406 | 295,535 |
There were no investment assets outside the UK.
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PEREI CHARITABLE FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024
4. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 30 June 2024 is represented by:
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in | 2024 | 57,406 |
| Cost | 390,000 | |
| 447,406 |
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors | £ 1,500 |
|---|---|
6. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
Net movement in funds £ 58,124 58,124 |
At 30.6.24 £ 461,831 |
|---|---|---|
| 461,831 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 9,026 9,026 |
Resources expended £ (881) (881) |
Gains and Movement losses in funds £ £ 49,979 58,124 49,979 58,124 |
|---|---|---|---|
7. RELATED PARTY DISCLOSURES
During the period the charity received donations of £3,000 from one company over which certain trustees have control.
Page 5