**CHARITY REGISTRATION NUMBER: 1203771** ## **COMMUNITY WELFARE SERVICES** ## **TRUSTEES' REPORT AND UNAUDITED ACCOUNTS** **30 JUNE 2024** **COMMUNITY WELFARE SERVICES** ## **COMMUNITY WELFARE SERVICES CHARITABLE INCORPORATED ORGANISATION (CIO) FINANCIAL STATEMENTS 30 JUNE 2024** ||Pages| |---|---| |Trustees' Annual Report|2| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Accounts|7| Page 1 **COMMUNITY WELFARE SERVICES TRUSTEES ANNUAL REPORT** The trustees present their report with the unaudited financial statements of the charity for the period ended 30 June 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1203771** ## **Principal and Registered Office** 64A Geldeston Road London E5 8SB ## **Trustees** The following trustees served during the year: M A Daskal Y Landau Y M Holtzer ## **Accountants** CHS Accountants Limited 45 Stamford Hill London N16 5SR ## **OBJECTIVES AND ACTIVITIES** The charity's objectives as set out in its governing document are to advance such charitable purposes (according to the law of England and Wales) as the Trustees see fit from time to time in particular but not limited to the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage, the prevention and relief of poverty and the advancement of health and saving lives. The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives in planning future events. ## **ACHIEVEMENTS AND PERFORMANCE** The charity employs its funds and resources for relief of those in need, the prevention and relief of poverty and the advancement of health and saving lives. During the year the charity made grants totalling £26,000 The financial results for the year to 30 June 2024 are fully reflected in the attached Financial Statements and the Notes thereon. ## **FINANCIAL REVIEW** ## **Reserves Policy** The charity's policy is to maintain Unrestricted funds at a level which the trustees deem appropriate after considering future commitments and the likely costs for the next year. As at 30 June 2024 the charity had Unrestricted Funds of £2,494 (deficit). The charity has recently been established, commencing operations in February 2024. Several fundraising campaigns are planned and the community is eager to support the nascent charity. in the coming year incme is expected to exceed £500,000 and the charity expects to hold Unrestricted Funds in reserve going forward. ## **Grant Making Policy** The charity makes grants in the relief of those in need, the prevention and relief of poverty and the advancement of health and saving lives. Page 2 **COMMUNITY WELFARE SERVICES TRUSTEES ANNUAL REPORT** In making these grants the trustees use their personal knowledge and experience of the community they serve. The trustees monitor the application of funds by regular formal and informal correspondence. ## **PRINCIPAL RISKS AND UNCERTAINTIES** ## **Risk Management** The trustees have identified and reviewed the major risks to which the charity is exposed, in particular operational and financial risks and are satisfied that appropriate systems are in place to manage and mitigate these risks ## **PLANS FOR FUTURE PERIODS** The charity plans to continue its grant making activities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is a registered charity (charity number 1203771) and is governed by a CIO Foundation Constitution dated 27 June 2023. The trustees administer the day-to-day affairs of the charity. None of the Trustees have beneficial interest in the charity. ## **STATEMENT OF COMPLIANCE** The charity is a public benefit entity, a registered charity in England and Wales and is unincorporated. The address of the principal office is 64A Geldeston Road, London, E5 8SB. ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees M A Daskal Trustee 31 July 2024 Page 3 **COMMUNITY WELFARE SERVICES INDEPENDENT EXAMINERS REPORT** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMMUNITY WELFARE SERVICES** I report to the trustees on my examination of the financial statements of COMMUNITY WELFARE SERVICES for the period ended 30 June 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect: - [the accounting records were not kept in respect of the charity as required by section 130 of the Act; or] - the financial statements do not accord with those records; or - - the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. Pini Shebson ACA CHS Accountants Limited 45 Stamford Hill London N16 5SR 31 July 2024 Page 4 **COMMUNITY WELFARE SERVICES STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE PERIOD ENDED 30 JUNE 2024** |**Notes**
**Income and endowments from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Charitable activities
3
Other
5
**Total**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Total funds**| |---|---|---| |||**2024**| |||**£**| |||| |||39,055| |||39,055| |||| |||27,800| |||13,749| |||41,549| |||(2,494)| |||| |||-| |||(2,494)| |||| |||| Page 5 **COMMUNITY WELFARE SERVICES BALANCE SHEET** ## **AS AT 30 JUNE 2024** |**Charity No. 1203771**
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
9
**Net current liabilities**
**Total net liabilities**
**The funds of the charity**
**Unrestricted funds**
General funds
10
**Total funds**|**2024**
**£**
1,351| |---|---| ||1,351
(3,845)| ||(2,494)| ||(2,494)| ||(2,494)| ||(2,494)| ||(2,494)| Approved by the trustees on 31 July 2024 And signed on their behalf by: M A Daskal Trustee 31 July 2024 Page 6 **COMMUNITY WELFARE SERVICES NOTES TO THE ACCOUNTS** ## **FOR THE PERIOD ENDED 30 JUNE 2024** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** |**Fund accounting**|| |---|---| |Unrestricted funds|These are available for use at the discretion of the trustees in furtherance of the general| ||objects of the charity.| |Designated funds|These are unrestricted funds earmarked by the trustees for particular purposes.| |Revaluation funds|These are unrestricted funds which include a revaluation reserve representing the restatement| ||of investment assets at their market values.| |Restricted funds|These are available for use subject to restrictions imposed by the donor or through terms of| ||an appeal.| |**Income**|| |Recognition of income|Income is included in the Statement of Financial Activities (SoFA) when the charity| ||becomes entitled to, and virtually certain to receive, the income and the amount of the| ||income can be measured with sufficient reliability.| |Income with related|Where income has related expenditure the income and related expenditure is reported gross| |expenditure|in the SoFA.| |Donations and legacies|Voluntary income received by way of grants, donations and gifts is included in the the SoFA| ||when receivable and only when the Charity has unconditional entitlement to the income.| |Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the gift/donation to| |donations and gifts|which it relates.| |**Expenditure**|| |Recognition of|Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot| |expenditure|be fully recovered, and is reported as part of the expenditure to which it relates.| |Expenditure on raising|These comprise the costs associated with attracting voluntary income, fundraising trading| |funds|costs and investment management costs.| |Expenditure on|These comprise the costs incurred by the Charity in the delivery of its activities and services| |charitable activities|in the furtherance of its objects, including the making of grants and governance costs.| |Grants payable|All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that| ||have been approved by the trustees at the end of the year but not yet paid.| |Governance costs|These include those costs associated with meeting the constitutional and statutory| ||requirements of the Charity, including any audit/independent examination fees, costs linked| ||to the strategic management of the Charity, together with a share of other administration| ||costs.| |Other expenditure|These are support costs not allocated to a particular activity.| ## **Taxation** The charity is exempt from tax on its charitable activities. Page 7 ## **COMMUNITY WELFARE SERVICES NOTES TO THE ACCOUNTS** ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## 2 **Income from donations and legacies** |Donations
3
**Expenditure on charitable activities**
_Expenditure_
_on_
_charitable_
_activities_
Grants made
_Governance costs_
Independent Examiner's Fees
4
**Analysis of grants**
**Activity or programme**
Donations to individuals|**Total**
**2024**
**£**
39,055| |---|---| ||39,055| ||**Total**
**2024**
**£**
26,000
1,800| ||27,800| ||**Total**
**2024**
**£**
26,000| ||26,000| Page 8 **COMMUNITY WELFARE SERVICES NOTES TO THE ACCOUNTS** - ## 5 **Other expenditure** **Total 2024 £** Employee costs 8,127 162 General administrative costs 5,460 Legal and professional costs 13,749 ## 6 **Net expenditure before transfers** Independent Examiner's fee **2024** 1,800 ## 7 **Trustee remuneration and expenses** None of the trustees have been paid any remuneration in the current or prior periods. None of the trustees have been paid any expenses in the current or prior periods. ## 8 **Staff costs** |Salaries and wages|**2024**
**£**
8,127| |---|---| ||8,127| No employee received emoluments in excess of £60,000. The average monthly number of full time equivalent employees during the year was as follows: **2024 Number** 1 1 ## 9 **Creditors:** amounts falling due within one year ||**2024**
**£**| |---|---| |Accruals|3,845| ||3,845| Page 9 **COMMUNITY WELFARE SERVICES NOTES TO THE ACCOUNTS** ## 10 **Movement in funds** |**Movement in funds**|| |---|---| |**Unrestricted funds:**
**General funds**
**Total funds**
**Analysis of net assets between funds**
Net current assets|**At 30 June**
**2024**
**£**
(2,494)| ||(2,494)| ||**Total**
**£**
(2,494)| ||(2,494)| ## 11 **Analysis of net assets between funds** 12 **Related party disclosures** Other than any mentioned above, there were no related party transactions during the year that required disclosure. Page 10