REGISTERED COMPANY NUMBER: 01529279 (England and Wales) REGISTERED CHARITY NUMBER: 282079
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
TEVINI LIMITED
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
TEVINI LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Trustees' Responsibilities | 3 | ||
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | to | 7 |
| Statement of Cash Flows | 8 | ||
| Notes to the Statement of Cash Flows | 9 | ||
| Notes to the Financial Statements | 10 | to | 15 |
TEVINI LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also 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 March 2022. 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 charity are to act as agents for donors who wish to donate to charitable causes.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit, and in particular to its supplementary public benefit guidance on advancing education, when reviewing the charity's aims and objectives, and in planning future activities and setting grant making policy for the year.
Grantmaking
The trustees familiarise themselves with all requests for charitable assistance. References are requested and scrutinised before grants given. Regular meetings are held to discuss relevant cases.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year under review the charity received donations of £711,810 (2021: £469,079). During the period the charity paid donations of £571,246 (2021: £414,202).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01529279 (England and Wales)
Registered Charity number
282079
Registered office
5A Holmdale Terrace London N15 6PP
Trustees
Y Schlesinger Director Rabbi M Schlesinger Director
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 24 October 2022 and signed on its behalf by:
Page 1
TEVINI LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Rabbi M Schlesinger - Trustee
Page 2
TEVINI LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022
The trustees (who are also the directors of Tevini Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEVINI LIMITED
Independent examiner's report to the trustees of Tevini Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of I.C.A.E.W which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Malcolm Venitt I.C.A.E.W Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
24 October 2022
Page 4
TEVINI LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 711,810 EXPENDITURE ON Raising funds 3 1,298 Charitable activities 4 GENERAL 571,246 Other 2,760 Total 575,304 NET INCOME 136,506 RECONCILIATION OF FUNDS Total funds brought forward 162,537 TOTAL FUNDS CARRIED FORWARD 299,043 |
31.3.21 Total funds £ 469,079 |
|---|---|
| 261 414,202 2,300 |
|
| 416,763 | |
| 52,316 110,221 |
|
| 162,537 |
The notes form part of these financial statements
Page 5
TEVINI LIMITED
STATEMENT OF FINANCIAL POSITION 31 MARCH 2022
| 31.3.22 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 34 CURRENT ASSETS Debtors 10 8,050 Cash at bank 299,604 307,654 CREDITORS Amounts falling due within one year 11 (8,645) NET CURRENT ASSETS 299,009 TOTAL ASSETS LESS CURRENT LIABILITIES 299,043 NET ASSETS 299,043 FUNDS 12 Unrestricted funds 299,043 TOTAL FUNDS 299,043 |
31.3.21 Total funds £ 40 16,456 151,927 168,383 (5,886) 162,497 162,537 162,537 162,537 162,537 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 notes form part of these financial statements
Page 6
continued...
TEVINI LIMITED
STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24 October 2022 and were signed on its behalf by:
M Schlesinger - Trustee
Y Schlesinger - Trustee
The notes form part of these financial statements
Page 7
TEVINI LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.3.22 £ 147,677 147,677 147,677 151,927 299,604 |
31.3.21 £ 38,167 |
|---|---|---|
| 38,167 | ||
| 38,167 113,760 |
||
| 151,927 |
The notes form part of these financial statements
Page 8
TEVINI LIMITED
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Increase in creditors Net cash provided by operations |
31.3.22 £ 136,506 6 8,406 2,759 147,677 |
31.3.21 £ 52,316 7 (16,456) 2,300 |
|---|---|---|
| 38,167 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.21 | Cash flow | At 31.3.22 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 151,927 | - | 299,604 |
| 151,927 | - | 299,604 | |
| Total | 151,927 | - | 299,604 |
The notes form part of these financial statements
Page 9
TEVINI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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.
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 | - 15% on reducing balance |
|---|---|
| Fixtures and fittings | - 15% on reducing balance |
Taxation
The charity is exempt from corporation 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. DONATIONS AND LEGACIES
| Donations and gift aid Tax refunds |
31.3.22 £ 680,727 31,083 711,810 |
31.3.21 £ 452,623 16,456 |
|---|---|---|
| 469,079 |
continued...
Page 10
TEVINI LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
3. RAISING FUNDS
| Raising donations and legacies Postage and stationery Other trading activities Support costs Investment management costs Depreciation Aggregate amounts 4. CHARITABLE ACTIVITIES COSTS GENERAL 5. SUPPORT COSTS Management £ Other trading activities 583 Other resources expended - GENERAL - 583 |
31.3.22 £ 595 31.3.22 £ 697 31.3.22 £ 6 1,298 Support Direct costs (see Costs note 5) £ £ 567,656 3,590 Governance Finance costs £ £ 114 - 460 2,300 - 3,590 574 5,890 |
31.3.21 £ 254 31.3.21 £ - 31.3.21 £ 7 261 Totals £ 571,246 |
31.3.21 £ 254 31.3.21 £ - 31.3.21 £ 7 261 Totals £ 571,246 |
|---|---|---|---|
| Totals £ 697 2,760 3,590 7,047 |
|||
| 7,047 |
continued...
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TEVINI LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 6 | 7 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 469,079 |
| EXPENDITURE ON | |
| Raising funds | 261 |
| Charitable activities | |
| GENERAL | |
| 414,202 | |
| Other | 2,300 |
| Total | 416,763 |
| NET INCOME | 52,316 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 110,221 |
| TOTAL FUNDS CARRIED FORWARD | 162,537 |
continued...
Page 12
TEVINI LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. TANGIBLE FIXED ASSETS
| Fixtures Plant and and machinery fittings £ £ COST At 1 April 2021 and 31 March 2022 1,528 3,481 DEPRECIATION At 1 April 2021 1,519 3,450 Charge for year 1 5 At 31 March 2022 1,520 3,455 NET BOOK VALUE At 31 March 2022 8 26 At 31 March 2021 9 31 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 12. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 162,537 TOTAL FUNDS 162,537 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 711,810 TOTAL FUNDS 711,810 |
Computer equipment Totals £ £ 315 5,324 315 5,284 - 6 315 5,290 - 34 - 40 31.3.22 31.3.21 £ £ 8,050 16,456 31.3.22 31.3.21 £ £ 8,645 5,886 Net movement At in funds 31.3.22 £ £ 136,506 299,043 136,506 299,043 Resources Movement expended in funds £ £ (575,304) 136,506 (575,304) 136,506 |
|---|---|
continued...
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TEVINI LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 110,221 110,221 |
Net movement in funds £ 52,316 52,316 |
At 31.3.21 £ 162,537 |
|---|---|---|---|
| 162,537 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 469,079 469,079 |
Resources Movement expended in funds £ £ (416,763) 52,316 (416,763) 52,316 |
Resources Movement expended in funds £ £ (416,763) 52,316 (416,763) 52,316 |
|---|---|---|---|
| 52,316 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 110,221 110,221 |
Net movement in funds £ 188,822 188,822 |
At 31.3.22 £ 299,043 |
|---|---|---|---|
| 299,043 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 1,180,889 TOTAL FUNDS 1,180,889 |
Resources Movement expended in funds £ £ (992,067) 188,822 (992,067) 188,822 |
Resources Movement expended in funds £ £ (992,067) 188,822 (992,067) 188,822 |
|---|---|---|
| 188,822 |
continued...
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TEVINI LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 15