2023-03-31-accounts

REGISTERED COMPANY NUMBER: 01529279 (England and Wales) REGISTERED CHARITY NUMBER: 282079

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2023

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	3
Statement of Trustees' Responsibilities		4
Report of the Independent Auditors	5	to	7
Statement of Financial Activities		8
Statement of Financial Position	9	to	10
Statement of Cash Flows		11
Notes to the Statement of Cash Flows		12
Notes to the Financial Statements	13	to	18

TEVINI LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023

TRUSTEES

Y Schlesinger Director Rabbi M Schlesinger Director A S C Singer Director

REGISTERED OFFICE

5A Holmdale Terrace London N15 6PP

REGISTERED COMPANY 01529279 (England and Wales) NUMBER REGISTERED CHARITY 282079 NUMBER INDEPENDENT AUDITORS Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL

Page 1

TEVINI LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 2023. 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 main objects of the charity are the advancement of religion in accordance with the Orthodox Jewish Faith and the relief of poverty.

Significant activities

Tevini Ltd is a charity that provides a platform that allows donors to simplify their charitable giving by streamlining the process and offering Gift Aid and an online account to use for charitable endeavours. This platform is provided via the charity's website.

The charity handles the administrative work and legalities for their clients so they can focus on what matters most: supporting the charities that are important to them. Tevini Ltd work with a large range of reputable organizations, both big and small, so clients have unlimited options for giving.

Clients benefit from the flexibility of a local provider and the professionalism of experts who have been helping people with their charity accounts for many years.

In the year the charity has enhanced their donation system which has led to a significant increase in clients and therefore a significant rise in donations handled by the charity.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities.

Volunteers

The charity is solely ran by volunteers and the Trustees, each volunteer has significant experience in the charity sector and has been supporting the charity for many years.

STRATEGIC REPORT

Achievement and performance

Charitable activities

During the year under review the charity generated total income of £1,918,527 (2022: £711,845), this income was received in the form of donations, gift aid and interest income. These funds will be spent in their entirety to further the charity’s objectives and further improve the charity's platform.

Financial review

Key Performance Indicators

The trustees are satisfied with the results and activities of the charity for the financial year.

The trustees monitor the entity's performance against its charitable objectives on a regular basis. Performance is assessed against the objectives and expectations using financial and non-financial indicators. The key financial performance indicators used by the charity are donations received and donations paid.

Reserves policy

It is the policy of the charity to try and maintain unrestricted funds at a level which the trustees think appropriate after considering the future commitments of the charity, unplanned emergency expenditure and the likely administrative costs of the charity for the next year.

As at 31.03.2023 the charity’s unrestricted funds were £521,167 (2022: £317,143).

Page 2

TEVINI LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRATEGIC REPORT Financial review

Going concern

The trustees have a reasonable expectation that the charity has adequate resources to continue operational existence for the foreseeable future. For this reason, the charity has adopted the going concern basis of accounting in preparing the annual financial statements.

Future plans

There are no current plans to change the activities or modus operandi of the charity for the foreseeable future.

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.

Recruitment and appointment of new trustees

It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.

Organisational structure

There are three trustees who also act as directors. They meet on a regular basis to discuss the affairs of the charity. All decisions are based on a majority decision of the directors but in almost all cases the votes are unanimous.

Related parties

Details of transactions with related parties are disclosed in the notes to the financial statements where required.

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.

Systems of internal controls are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

The principle risks are financial including items such as a significant decrease in the charity's client base.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 10 August 2023 and signed on the board's behalf by:

Rabbi M Schlesinger - Trustee

Page 3

TEVINI LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023

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;

• observe the methods and principles in the Charity SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• 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.

In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company's auditors are unaware; and

• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TEVINI LIMITED

Opinion

We have audited the financial statements of Tevini Limited (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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'.

• In our opinion the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or

• the charitable company has not kept adequate accounting records; or

• the financial statements are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TEVINI LIMITED

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. These included but were not limited to FRS 102, Charities Act 2011, Companies Act 2006, Data protection legislation as they affect the direct charitable activities of the charity.

• We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.

• We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.

• We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation stages of our audit. Specific areas identified were the completeness of income and going concern.

• Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. We performed appropriate audit testing on the recognition and completeness of income and management’s assessment of going concern.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TEVINI LIMITED

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Venitt and Greaves Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 115 Craven Park Road

South Tottenham London N15 6BL

10 August 2023

Page 7

TEVINI LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 GENERAL Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD CONTINUING OPERATIONS	31.3.23 Unrestricted fund £ 1,918,118 409 1,918,527 7,481 1,696,289 10,733 1,714,503 204,024 317,143 521,167	31.3.22 Total funds £ 711,809 36
		711,845
		923 559,442 2,760
		563,125
		148,720 168,423
		317,143

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 8

TEVINI LIMITED

STATEMENT OF FINANCIAL POSITION 31 MARCH 2023

31.3.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 10 29 CURRENT ASSETS Debtors 11 19,964 Cash at bank 508,974 528,938 CREDITORS Amounts falling due within one year 12 (7,800) NET CURRENT ASSETS 521,138 TOTAL ASSETS LESS CURRENT LIABILITIES 521,167 NET ASSETS 521,167 FUNDS 13 Unrestricted funds: General fund 521,167 TOTAL FUNDS 521,167	31.3.22 Total funds £ 34 8,050 311,818 319,868 (2,759) 317,109 317,143 317,143 317,143 317,143

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

• (a) ensuring that the charitable company keeps accounting records that 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.

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 August 2023 and were signed on its behalf by:

M Schlesinger - Trustee

The notes form part of these financial statements

continued...

Page 9

TEVINI LIMITED

STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2023

Y Schlesinger - Trustee

A S C Singer - Trustee

The notes form part of these financial statements

Page 10

TEVINI LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Notes Cash flows from operating activities Cash generated from operations 1 Finance costs paid Net cash provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing 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	31.3.23 £ 196,819 (72) 196,747 409 409 197,156 311,818 508,974	31.3.22 £ 159,855 -
		159,855
		36
		36
		159,891 151,927
		311,818

The notes form part of these financial statements

Page 11

TEVINI LIMITED

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Finance costs (Increase)/decrease in debtors Increase in creditors Net cash provided by operations ANALYSIS OF CHANGES IN NET FUNDS	31.3.23 £ 204,024 5 (409) 72 (11,914) 5,041 196,819	31.3.22 £ 148,720 6 (36) - 8,406 2,759
		159,855

	At 1.4.22	Cash flow	At 31.3.23
	£	£	£
Net cash
Cash at bank	311,818	197,156	508,974
	311,818	197,156	508,974
Total	311,818	197,156	508,974

The notes form part of these financial statements

Page 12

TEVINI LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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.

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. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Income

All income is recognised in the Statement of Financial Activities once the charity has evidence of entitlement to the funds, receipt is probable and the amount can be measured reliably.

Donations are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year-end are accounted for in income and debtors.

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.

The value of the services provided by volunteers is not incorporated into these financial statements. Further details of their contribution is provided in the trustees’ report.

Governance costs

Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the costs of Trustee meetings and the preparation of the statutory accounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

continued...

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TEVINI LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Computer equipment - 15% on reducing balance

All categories of fixed assets are held on the balance sheet at historic cost less accumulated depreciation. If an event occurs which indicates a material reduction in a fixed asset's carrying value, an impairment review will be carried out. Any impairment charge is recognised in the statement of financial activities.

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.

Cash

Cash and cash equivalents include cash in hand and deposits held at call with banks.

DONATIONS AND LEGACIES

2.

Donations and gift aid Tax refunds INVESTMENT INCOME Deposit account interest RAISING FUNDS Raising donations and legacies Postage and stationery Advertising	31.3.23 £ 1,866,486 51,632 1,918,118 31.3.23 £ 409 31.3.23 £ 320 7,161 7,481	31.3.22 £ 680,726 31,083	31.3.22 £ 680,726 31,083
		711,809
		31.3.22 £ 36 31.3.22 £ 595 328 923
			923

3. INVESTMENT INCOME

4. RAISING FUNDS Raising donations and legacies

continued...

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TEVINI LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

5. CHARITABLE ACTIVITIES COSTS

GENERAL SUPPORT COSTS Other resources expended NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.3.23 £ Auditors' remuneration 7,800 Depreciation - owned assets 5	Direct Costs £ 1,696,289 Governance costs £ 10,733 31.3.22 £ - 6

6. SUPPORT COSTS

7. NET INCOME/(EXPENDITURE)

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted
	fund
	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	711,809
Investment income	36
Total	711,845
EXPENDITURE ON
Raising funds	923
Charitable activities
GENERAL
	559,442

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continued...

TEVINI LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

						Unrestricted
						fund
						£
	Other					2,760
	Total					563,125
	NET INCOME					148,720
	RECONCILIATION OF FUNDS
	Total funds brought forward					168,423
	TOTAL FUNDS CARRIED FORWARD					317,143
10.	TANGIBLE FIXED ASSETS
			Fixtures
		Plant and	and	Computer
		machinery	fittings	equipment		Totals
		£	£	£		£
	COST
	At 1 April 2022 and 31 March 2023	1,528	3,481	315		5,324
	DEPRECIATION
	At 1 April 2022	1,520	3,455	315		5,290
	Charge for year	1	4		-	5
	At 31 March 2023	1,521	3,459	315		5,295
	NET BOOK VALUE
	At 31 March 2023	7	22		-	29
	At 31 March 2022	8	26		-	34
11.	DEBTORS: AMOUNTS FALLING DUE	WITHIN ONE YEAR
				31.3.23		31.3.22
				£		£
	Other debtors			10,000		-
	Prepayments and accrued income			9,964		8,050
				19,964		8,050

Page 16

continued...

TEVINI LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 13. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 317,143 TOTAL FUNDS 317,143 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,918,527 TOTAL FUNDS 1,918,527 Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 168,423 TOTAL FUNDS 168,423 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 711,845 TOTAL FUNDS 711,845	31.3.23 £ 7,800 Net movement in funds £ 204,024 204,024 Resources expended £ (1,714,503 ) (1,714,503 ) Net movement in funds £ 148,720 148,720 Resources expended £ (563,125) (563,125)	31.3.22 £ 2,759 At 31.3.23 £ 521,167 521,167 Movement in funds £ 204,024 204,024 At 31.3.22 £ 317,143 317,143 Movement in funds £ 148,720 148,720

continued...

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TEVINI LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1.4.21 £ 168,423 168,423	Net movement in funds £ 352,744 352,744	At 31.3.23 £ 521,167
			521,167

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 2,630,372 2,630,372	Resources expended £ (2,277,628 ) (2,277,628 )	Movement in funds £ 352,744
			352,744

14. RELATED PARTY DISCLOSURES

During the period ended 31 March 2023 the charity made donations totalling £75,812 to an entity in which Mr M Schlesinger (Trustee) is a Trustee. In addition donations totalling £30,000 were received from an entity in which Mr A Singer (Trustee) is a Director.

The charity received donations totalling £10,930 from the children of Mr M Schlesinger and £250 from entities in which they are Directors. The charity also received donations totalling £1,000 from the partner of Mr A Singer and £8,200 from an entity in which Mr A Singers child is a Director. In addition a donation of £630 was received from the grandchild of Mr Y Schlesinger (Trustee) and a donation of £100 from the grandchild of Mr M Schlesinger.

Finally, donations totalling £30,000 were received from a brother of Mr M Schlesinger and Mr Y Schlesinger and £161,500 from an entity in which a brother is a Director.

No other related party transactions have been noted during the period ended 31 March 2023.

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