REGISTERED CHARITY NUMBER: 1205392 RF.PORT OF THE TRUSTEES AND UFIAUDITED FIP4ANCIAL STA TEMENTS TH FOR THE PERIOD 24TH OCTOBER 202.7 TO 30 JULY 2024 FOR LEGE.ND UN THE BENCH Daniel Wolfson & Co Ltd Dns House 382 Kentoll Road Harrow HA3 8DP
LEGEND ON THE BENCH CONTENTS OF THE FINANCIAL ST ATEMENTS FOR THE PERIOD 24 OCTOBER 2023 TO 30 JULY 2024 Page Report of the Tru5tee5 Independent Examiller'5 Report Statement of Financial Activities Statement of Financial PositlOD Notes to the Accounts
LEGEND ON THE BENCH REPORT OF THE TRUSTEES TH TH FOR THE PERIOD 24 OCT()BER 2023 TO 30 JULY 2024 The Trusteeb are pleased io present Iheir annual reporl for the periild ended 30, July 2024. The purpose of ihis reporl is lo provide it]foTmation about the chaTity's activitie5. finat]cial perfoTniance, and the trustees, stewardship of the charity's rcsourccs. This rcport complics with thc rcquircmcnts of thc Charitics Act 2011 and thc Charity Commission. 0ECTIVEs AND ACTllflTIES The main objectiTre is ai)d remains to fuild raise to generate funds to have manufacture(t ai)d installed, branded benches in piiblic spaces. The objective is to generate suffjcient funds to allow benches to be it]stalled once landom'ner aPprO.a[S have been seLured. The charity docs not providc any othcr scrviccs or rcsollrccs, with its activitics solcly focuscd on fundraising for bcllch inbtallation5. All donations received are dedicated to this PUTpobe. and the Trustees ensuie that the funds are used responsibly. ACHIEVEMENTS AND PERFORMANCE Since its fnmatithn in Ocl()ber 2023, the charity has made signifi¢ant progre8$ ioward its goal. Notably.. On 26, February 2024, the charity successfully installed its first bench. By 30" Jiily 2024, the charity had installed a toial of 6 ben¢hes. The chaiity has raised Sufficient ndS for an additional 17 benches, to be manufactured ready for installation subject to necessary approvals. This achicvcmcnt highlights thc charity's succcssful fundraising cfforts and its ability to mcct its kcy objcctivcs. FINANCL4L REVIE The trustees are satisfied ivith this year'% financial perfonnance of the charity. Reserp¢8 are nianaged responsibly, with prudent Use to support the installation of benches. The trustees follow a clear policy of only cominitting to beiich in%iallaiions once the nece8saTy fund% have been secured. This strategy not only en8ures financial sustainability but also effeLtively niitigate5 the T15k of funding shortfalls. The lOu15 bhuw a SUTplus for the perivd uf £42,287. The iesetvts are beiiig used to fund furtheT benLhes. The Lharity maintains a policy to ncvcr commit to a bcnch installation until funds arc sccurcd and thc Trustccs cnsurc this polici, is followed. Due tu ilie Lime il Lan thke lo secuie appTowJls, the Ttubtees niainlain Lontiol over appliLaiiuns in the pipeline so cali deTnonstrate there are always sutTiciet]t reseTh'es foi. approvals being sought. STRUCTLIRE. GOVERNANCE, AND MANAGEMENT Lcgcnd On Thc Bcnch is a Charitablc Incorporatcd Organi%ation ICIO), rcgi%tcrcd with thc Charity Commi%8ion on 24 October 2023. The Charity has 4 Trustee's and the Charity holds formal Trustee Meetings every 3 to 4 months or as required. The minutes are CiTculated and forinally approved at the subsequent meeting. The aim of tlie charity is as defined ill the Charity Commisbion appli¢alion and approval i.e. to raise funds and install benches ¢oniaining details oforganisaiionb able lo assist in tiines of need. There are no other services or resource5 that the charity aims to PTovide. In addition to the 4 Trustees there are 2 Amhas%ador8 and 3 Management Team member8, h'ever, all v(>ting right% for the direction of the charity is In4iiil<iin¢d with the 4 Trustees.
LEGEND ON THE BENCH REPORT OF THE TRUSTEES TH TH FOR THE PERIOD 24 OCTOBER 2Q23 TO 311 JULY 2024 REFERENCE AND ADMINISTIUTIVE DETAILS Registered Charity number 1205392 Principal Address FleeN'ood Bardfield Road Thaxted Dunmow Essex CM6 3PU Trustees Steven Feiger- App(>in¢ed on 8 July 2024 Paul CarTiiigtOll- Appointed on 24, October 2023 MiLhelle Hazard- Appointed on 24 O¢tober 2023 Addill PHlrn¢r- Appointed on 24 October 2023 Independent Eiamlner Sumit Aganval Daniel Wolfson & Co Ltd Dns House 382 Kenton Road Harrow HA3 8DP Approved by order of the boaTd oftrustee5 and signed on its behalf by.. Paul Carringitsn Date.. 11 March 2025
LEGEND or4 THE BENCH INDEPENDENT EXA1[,ER's REPORT TH TH FOR THE PERII)D 24 OCTOBER 2023 TO 31) JULY 2024 Respective re5POtL5ibilities of tru5tee5 and examiner The charily's Irusiees are responsible for the preparalion of ihe accounls. The Charity's Iruslees consider Ihal an audit is nol required for thi5 year (under Section 144121 of the Charities Act 2011 (the 201 L Act)) and that all indepet]dent examinatiot] 15 rcquircd. Thc charity's gross incomc did not cxcccd £250,0(K) and l am qualificd to undcrtakc thc cxamination by bcing a qudlified inetnber of CIMA. Hailing satisfied Inyself that the Charity is i)ot subject to audit under company law and is eligible for independent exaniination, it 15 Iny re5pon5ibility to.. examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Scction 14515llbl of thL 2011 Act}. and to state whether particular matters have cotne to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An exainination Includes a reN'iew of the accounting records kept by the Charity and a ¢on)pari%on of the accounts presented 'ith those Tecord5. It a150 iiicludes consideration of any uiiu5ual itein5 or disc105ures in the accounts and seeking explanations from you as trnstees concerning any sllch matters. The procedures undertaken do not PrO.1de all the ei'iden¢e that would be required in ai) audit. and consequently no opinion is giien as ¢0 whether the accounts present a'true and fair N'iew, and the report is limited to those matters set out in the Statements below. Indcp¢ndcnt examiner's sl#lem¢nt In conncction with iny exajnination, no matter ha5 come to my attention.. l) Which gives me reasonable cause to believe that, in any material re5PeCt, the requirements. to keep accounting recoTds in accordance with Section 386 and 387 of the Companie5 Act 2006; and to prepare accounts which accord witl) the accounting records: coinply with the accountii)g requirenients tsr Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Accounting and Reportii)g by Charitieb.. Statement of Recoinmended Practice applicable to ¢harities prepanng their accounts in accordance with the Finallcial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeLtipe l January 20191 have not been mei,. or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be TedLhed. Sumit AkFaTwal Daniel Wolf50n & Co Ltd Dn% House 382 Kei)ton Road Harrow HA3 8DP Dale.. 11 Marth 2025
LEGEND ON THE BENCH STATEIE%,T OF fiNANCIAL ACTIVITIES TH TH FOR THE PERII)D 24 OCTOBER 2Q23 TO 31) JULY 2024 Unrestricted Restricted 2n24 funds fund Total funds INCOME t)onation5 received 70,300 7OJOO Total 70,300 711,300 EXPENDITLRE ON Charltable 4¢tivitles Direct costs 26,950 658 26,950 658 Advcrtiscmcni and promotions Website costs 370 .770 OtheT expen5e5 35 35 Total 28,013 28,013 NET INCOME 42,287 42,287 RECONCILIATION OF FUNDS Total funds brought fonvard TOTAL FUNDS CARRIED FORWARD 42,287 42,287
LEGEND ON THE BEbCH STATETrqENT OF FINANC.IAL POSITION FOR THE PERIOD 24 OCTOBER 2023 TO 30" JULI. 2024 Unrestricted Restrieted 2024 funds fund5 Total funds CURtiENT ASSETS Casl) at bank and in hand 42.287 42,287 42,287 42,287 NET CURRENT ASSETS 42,287 42,287 TOTAL ASSETS LESS CURRENT LIABILITIES 42,287 42,287 NET ASSETS 42,287 42,287 FUNDS Unrestricted funds 42,287 42,287 TOTAL FUYDS 42,287 42,287 The financial statements were approved by the Board of Trusiees and authorised for issue on Signed on it5 behalf by.. 11 March 2025 and were Ca*rtr Paul Carrirtglon- Trustee
LEGEND ON THE BENCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR TIIE PERIOD 24 OCTOBER 2023 TO 30" JULI. 2024 I. PRINCIPAL ACCOUNTING POLICIES AcLUllllting ConveNtiv Thc financial %latcmcnt8 of thc charitablc cotnpany, which 18 a public bcncfjt cntity iindcr FRS 102, havc bccn prcparcd in dccordxnce with the Chdrities SORP IFRS 1021 'Accounting dnd Rep)rtiiig by C.hHrities'. Sty4tement of Recomllieiided Practicc applicablc to charitics prcparing thcir accounts in accordancc with thc Financial Rcporting Standard applicablc in the UK dnd Republic of Ireldnd (FRS 1021 l¢ffeLtive l 20191,, FindnLid Reportin¥ standd 102 The Finaiicial Repoiling Standard applicable in the UK at]d Republic of ITeland' and the Coinpaiiies Act 2006. The financial staiemenls have been prepared under the historical cost convention with the ex¢eption ot. invesimenis which are included at inarket value, as modified by the revaluation of certain asset5. Jncvme Resource5 All incoming rc%ourccs arc ineludcd on the Siatcmcnt of Finaneial ActivitjC8 whcn thc charity is Icgally cntiilcd to thc income, alld ihe amount can be quantified with reasonable accuracy. Resources EYpended Expenditure 15 accounted for on an accruals basis and has been classified under heading5 that aggTegate all c05t5 related to the category. Where cosis cannot be directly aitribuied 10 parti¢ular headings. they have been allocated io activities on a basis COllSlStent with the use of resources. Grants offered subject to conditions which have llot been niet at the year- end date are noted as a commitment but not accrued as expenditure. Taxation The Charity is exempt from corporation tax on its Charitable activities. Fllnd A¢¢ounting UnTe5thcted fund5 can be used in accordance with the charitable objectives at the discretion of the tru5tee5. There aTe llo rtstTiCted fund coinponents to the charity. All donations received are for the inbtallation of benches in locations as agreed by the Trnstees.