MANGO TREE HOME
(a company limited by guarantee)
Financial Statements
for the year ended
31 December 2023
Company Number: 09360839
MANGO TREE HOME (a company limited by guarantee)
Statement of accounts for the year ended 31 December 2023
___________________________________________________________________________
Contents
Page
1
Legal and administrative information
2 -3
Directors' report
4
Statement of financial activities for the year ended 31 December 2023
5
Balance sheet as at 31 December 2023
6-8
Notes to the accounts
MANGO TREE HOME (a company limited by guarantee)
Legal and administrative information
___________________________________________________________________________
Governed by
Memorandum and Articles of Association dated 18 December 2014 as amended by special resolution registered at Companies House on 18 April 2018.
Directors
Robert Henry Craft
Susanna Claudette Delaney
Caroline Mary Frost
Nicola Phoenix
Registered Office
TC Group
6th Floor King House
9-10 Haymarket
London
SW1Y 4BP
Accountants
TC Group
6th Floor King House
9-10 Haymarket
London
SW1Y 4BP
Registered charity number
1166666
Company Number
09360839
1
MANGO TREE HOME (a company limited by guarantee)
Directors' Report
___________________________________________________________________________
The Directors' submit the organisations report for the year ended 31 December 2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 18 December 2014 and registered as a charity on 21 April 2018. The company was established under a memorandum of Association (amended by special resolution registered at Companies House on 18 April 2018) which sets out the objects and powers of the charitable company and is governed under its Articles of Association.
Recruitment, Appointment and Training of Trustees
Trustees can be nominated by any member of the Board of the Trustees to replace a trustee stepping down.
Appointment of newly nominated Trustees requires unanimous approval of all Trustees.
The new Trustee is provided with details of Trustees' roles and responsibilities. Training as such is not provided as no one has felt it to be necessary. At meetings, there is always room for questions and explanations.
OBJECTIVES AND ACTIVITIES
Charitable Objectives
Mango Tree Home is a not for profit organisation constituted with charitable purposes in perpetuity. The company is limited by guarantee and is governed by a memorandum and articles of association.
The objectives of Mango Tree Home are:
1.)
To relieve poverty of orphans in Haiti particularly by the provision of accommodation and such support as shall be thought fit.
2.)
To advance the education of children in Haiti by the provision, maintenance and equipping of a school.
3.)
To prevent or relieve poverty in Haiti particularly, but not exclusively, amongst children and young people, by providing grants, items, services and accommodation to those in need.
FINANCIAL REVIEW
Donations have increased slightly in the year. Expenditure on charitable activity has also increased in the year. The excess expenditure over receipts was financed by brought forward funds.
The reserve funds of £5 will be used for future charitable expenditure on the furtherance of the charity's objectives.
2
MANGO TREE HOME (a company limited by guarantee)
Directors' Report
___________________________________________________________________________
STATEMENT OF DIRECTORS' RESPONSIBILITIES
The Directors' are required under company law to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law Directors' must not approve the financial statements unless they are satisfied that they give a true and fair view of the company and of the surplus or deficit of the company for that period. In preparing those financial statements the Directors' are required to:
a)
Select suitable accounting policies and then apply them consistently;
b)
Observe the methods and principles in the Charities SORP;
c)
Make judgements and estimates that are reasonable and prudent;
d)
State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
e)
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.
The Directors' are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
On behalf of the Directors
Mr R H Craft
Director
MANGO TREE HOME (a company limited by guarantee)
3
Combined Statement of Financial Activities and Income Statement for the year ended 31 December 2023
Total
Note
Restricted
£
Unrestricted
£
2023
£
2022
£
INCOME FROM
Contributions received 3
-
18,822
18,822
11,157
Other income
-
-
-
Total Income
-
18,822
18,822
11,157
EXPENDITURE ON
Charitable activities
4
-
21,552
21,552
10,424
Administration
4
-
52
52
-
Total expenditure
-
21,604
21,604
10,424
Net incoming/(outgoing) resources
-
(2,782
)
(2,782)
733
Total funds at 31 December 2022
-
2,787
2,787
2,054
Total funds at 31 December 2023
-
5
5
2,787
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
MANGO TREE HOME (a company limited by guarantee)
Balance sheet as at 31 December 2023
2023-12-31
Note
£
2023
£
£
2022
£
4
Current Assets
Cash at bank and in hand
6
5
2,847
Creditors: Amounts falling due within one year
5
-
(60)
Net Current Assets
5
2,787
Total Assets Less Current Liabilities
5
2,787
Funds
Unrestricted funds
5
2,787
5
2,787
For the financial year ended 31 December 2023 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 of these financial statements pursuant to section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with Section 368 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its surplus or deficit for the 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 accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies' regime and in accordance with FRS102 SORP.
Approved on
16 April 2024
16 April 2024
and signed on behalf of all directors by:
Mr R H Craft
Director
Company Number: 09360839
MANGO TREE HOME (a company limited by guarantee)
Notes forming part of the accounts for the year ended 31 December 2023
___________________________________________________________________________
1
BASIS OF PREPARATION
Mango Tree Home is a company limited by guarantee incorporated in England and Wales.
5
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK (FRS 102), the Companies Act 2006 and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
2
ACCOUNTING POLICIES
2.1 Incoming resources
All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income received can be measured reliably.
2.2 Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
2.3 Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
2.4 Direct charitable resources expended
Direct charitable expenditure includes the direct costs in furtherance of the charity's objectives and are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably. Expenditure is accounted for under the accruals concept.
2.5 Administration resources expended
Administration costs represent the running costs of the charity and are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably. Expenditure is accounted for under the accruals concept.
6
MANGO TREE HOME (a company limited by guarantee)
Notes forming part of the accounts for the year ended 31 December 2023 (continued)
___________________________________________________________________________
3 Income
2023
2022
£
£
Donations and gifts
18,822
11,157
Other - -
______
______
18,822
11,157
______
______
4
Expenditure
2023
2022
£
£
Expenditure on charitable activities
21,552
10,424
Accountancy
-
-
Bank charges 52 -
______
______
21,604
10,424
______
______
5
Creditors: amounts falling due within one year
2023
2022
£
£
Accruals
-
60
_____
_____
-
60
_____
_____
7
MANGO TREE HOME (a company limited by guarantee)
Notes forming part of the accounts for the year ended 31 December 2023 (continued)
___________________________________________________________________________
6 Cash at bank and in hand
2023
2022
£
£
Cash at bank and on hand
5
2,847
_____
_____
5
2,847
_____
_____
7
Funds of the Company
The unrestricted fund is represented by grants and donations received for future charitable expenditure on the furtherance of the charity's objectives and was spent for that purpose.
8
Related party transactions and Trustees' Remuneration and expenses
The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2022: £nil). None of the trustees were paid expenses during the year (2022: £nil).
There were no related party transactions during the year (2022:£nil)
8
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