Registered number: 1696892 Charity number: 287082
C&H ASSOCIATION LTD
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
C&H ASSOCIATION LTD
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 - 6 |
| Notes to the financial statements | 7 - 11 |
C&H ASSOCIATION LTD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021
| Trustees | C Berger, Director/Trustee |
|---|---|
| M Berger, Director/Trustee | |
| H Berger, Director/Trustee | |
| Company registered number 1696892 Charity registered number 287082 Registered office 1st Floor Unit 1 Grosvenor Way London E5 9ND Accountants Wolffe Accountancy Services Ltd 34 Braydon Road London N16 6QB Bankers Barclays Bank Plc Mile End and Bow Group London E1 3DA |
Page 1
C&H ASSOCIATION LTD
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021
The trustees have pleasure in presenting their Annual Report for the year ended 31 March 2021. The trustees who are also directors of C & H Association Limited for the purpose of company law and who served during the year and up to the date of this report are set out on page 1.
Structure, Governance and Management
The Charity is constituted as a Company limited by guarantee, and is therefore governed by its Memorandum and Articles of Association. The Governors (Trustees) administer the day-to-day affairs of the charity. None of the Trustees have any beneficial interest in the charity. It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the situation change in the future, the Trustees will apply suitable recruitment training and induction procedures.
Objectives and Activities
The company is established to further both in the United Kingdom and abroad those purposes recognised as charitable by English Law. To achieve these objects, the Company utilises its income to make grants and donations which was in accordance with the guidance of the Charity Commission relating to Public Benefit.
Achievements and performance
During the year the Company continued to pursue its philanthropic objects in support of educational, religious and other Charitable Organisations.
Financial Review
Income from donations and investments aggregated £221,634 and total resources expended were £316,296 resulting in a deficit of £94,662. The financial results of the Charity's activities for the year to 3l March 2021 are fully reflected in the attached Financial Statement together with the Notes thereon.
Risk Factors
The Charity has assessed the major risks to which it is exposed; particularly those relating to the operation and finance of the Charity. The Trustees are satished that there are systems in place to mitigate its exposure to those risks.
Reserves Policy
It is the policy of the Charity to maintain unrestricted funds at a level which the Trustees consider appropriate after taking account of the future commitments of the Charity.
Approved by order of the members of the board of Trustees on 1 February 2022 and signed on their behalf by:
C Berger
Director/Trustee
Page 2
(A company limited by guarantee)
C&H ASSOCIATION LTD
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021
Independent examiner's report to the Trustees of C&H Association Ltd ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the Year ended 31 March 2021.
Responsibilities and basis of report
As the Trustees of the company (and 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 the company's accounts 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
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:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Signed: Dated: 1 February 2022 D Wolffe FCCA
34 Braydon Road, London N16 6QB
Page 3
C&H ASSOCIATION LTD
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| Note Income from: Donations and legacies 2 Charitable activities Total income Expenditure on: Charitable activities 3 Other expenditure 4 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 221,634 - 221,634 316,229 67 316,296 (94,662) 435,748 (94,662) 341,086 |
Total funds 2021 £ 221,634 - 221,634 316,229 67 316,296 (94,662) 435,748 (94,662) 341,086 |
Total funds 2020 £ 85,600 20 85,620 282,890 160 283,050 (197,430) 633,178 (197,430) 435,748 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the Year.
The notes on pages 7 to 11 form part of these financial statements.
Page 4
C&H ASSOCIATION LTD (A company limited by guarantee) REGISTERED NUMBER: 1696892
BALANCE SHEET AS AT 31 MARCH 2021
| Note Fixed assets Investments 5 Current assets Debtors 6 Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 8 Net assets excluding pension asset Total net assets Charity funds Restricted funds Unrestricted funds Total funds |
303,935 48,071 352,006 (400) |
2021 £ 580 580 351,606 352,186 (11,100) 341,086 341,086 - 341,086 341,086 |
424,511 22,057 446,568 (500) |
2020 £ 580 580 446,068 446,648 (10,900) 435,748 435,748 - 435,748 435,748 |
|---|---|---|---|---|
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the Year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
Page 5
C&H ASSOCIATION LTD
(A company limited by guarantee) REGISTERED NUMBER: 1696892
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021
The financial statements were approved and authorised for issue by the Trustees on 01 February 2022 and signed on their behalf by:
C Berger Director/Trustee
The notes on pages 7 to 11 form part of these financial statements.
Page 6
(A company limited by guarantee)
C&H ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
C&H Association Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 7
(A company limited by guarantee)
C&H ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. Accounting policies (continued)
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
1.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
2. Income from donations and legacies
| Donations Donations |
Unrestricted funds 2021 £ 221,634 Unrestricted funds 2020 £ 85,600 |
Total funds 2021 £ 221,634 |
|---|---|---|
| Total funds 2020 £ 85,600 |
3. Analysis of expenditure on charitable activities Summary by fund type
| Grants to institutions Accountancy fee |
Unrestricted funds 2021 £ 315,929 300 316,229 |
Total funds 2021 £ 315,929 300 |
|---|---|---|
| 316,229 |
Page 8
C&H ASSOCIATION LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
3. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Grants to institutions Companies House penalty Accountancy fee |
Unrestricted funds 2020 £ 282,240 150 500 282,890 |
Total funds 2020 £ 282,240 150 500 |
|---|---|---|
| 282,890 |
| 4. Other expenditure Bank charges Bank charges Bank interest |
Unrestricted funds 2021 £ 67 Unrestricted funds 2020 £ 159 1 160 |
Total funds 2021 £ 67 |
|---|---|---|
| Total funds 2020 £ 159 1 |
||
| 160 |
Page 9
(A company limited by guarantee)
C&H ASSOCIATION LTD
| NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
|||
|---|---|---|---|
| 5. Fixed asset investments Cost or valuation At 1 April 2020 At 31 March 2021 Impairment Impairment on revaluation At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 6. Debtors Loan debtors 7. Creditors: Amounts falling due within one year Other creditors and accruals |
2021 £ 303,935 |
Other fixed asset investments £ 1,008 1,008 428 428 580 1,008 2020 £ 424,511 424,511 2020 £ 500 |
|
| 303,935 | 424,511 | ||
| 2021 £ 400 |
2020 £ 500 |
Page 10
C&H ASSOCIATION LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
8. Creditors: Amounts falling due after more than one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Loan creditors | 11,100 | 10,900 |
9. Analysis of net assets between funds Analysis of net assets between funds - current year
| Unrestricted funds 2021 £ Fixed asset investments 580 Current assets 352,006 Creditors due within one year (400) Creditors due in more than one year (11,100) Total 341,086 |
Total funds 2021 £ 580 352,006 (400) (11,100) 341,086 |
|---|---|
Analysis of net assets between funds - prior year
| Fixed asset investments Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2020 £ 580 446,568 (500) (10,900) 435,748 |
Total funds 2020 £ 580 446,568 (500) (10,900) 435,748 |
|---|---|---|
10. Related party transactions
The Loan Debtors (Note 7) are Companies of which one or more of the Governors/Trustees of this Charity are also Directors. The loans are interest free and include loans to other registered Charities aggregating £Nil (2020 - £113,228).
Page 11