Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-31108238722023-04-01falseNo description of principal activity002024-03-31 07174140 2023-04-01 2024-03-31 07174140 2022-04-01 2023-03-31 07174140 2024-03-31 07174140 2023-03-31 07174140 2023-04-01 07174140 2022-04-01 07174140 c:RegisteredOffice 2023-04-01 2024-03-31 07174140 d:CurrentFinancialInstruments 2024-03-31 07174140 d:CurrentFinancialInstruments 2023-03-31 07174140 c:FRS102 2023-04-01 2024-03-31 07174140 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07174140 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07174140 b:Trustee1 2023-04-01 2024-03-31 07174140 b:Trustee2 2023-04-01 2024-03-31 07174140 b:Trustee3 2023-04-01 2024-03-31 07174140 b:TotalEndowmentFunds 2023-04-01 2024-03-31 07174140 b:TotalEndowmentFunds 2022-04-01 2023-03-31 07174140 b:TotalEndowmentFunds 2024-03-31 07174140 b:TotalEndowmentFunds 2023-03-31 07174140 c:ChiefExecutive 2023-04-01 2024-03-31 07174140 b:TotalUnrestrictedFunds 2024-03-31 07174140 b:TotalUnrestrictedFunds 2023-03-31 07174140 b:TotalRestrictedIncomeFunds 2024-03-31 07174140 b:TotalRestrictedIncomeFunds 2023-03-31 07174140 c:FullAccounts 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07174140
Charity number: 1140587










CHANTAL ROSENBAUM FOUNDATION
(A Company Limited by Guarantee)







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
CHANTAL ROSENBAUM FOUNDATION
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
 
1
Trustees' Report
 
2 - 3
Trustees' Responsibilities Statement
 
4
Statement of Financial Activities
 
5
Balance Sheet
 
6
Notes to the Financial Statements
 
7 - 14

 
CHANTAL ROSENBAUM FOUNDATION
 
(A Company Limited by Guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024


Trustees
R Rains
R S Rains
S Rains

Company registered number
07174140

Charity registered number
1140587

Registered office
25 York Hill
Loughton
Essex
IG10 1RL

Chief executive officer
R S Rains

Accountants
Haslers
Chartered Accountants
Old Station Road
Loughton
Essex
IG10 4PL

Page 1

 
CHANTAL ROSENBAUM FOUNDATION
 
(A Company Limited by Guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the Charity for the  1 April 2023 to 31 March 2024The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The object of the charity is to promote and assist research into cancer through the provision of grants to individuals and institutions. Having referred to the Charities Commission’s guidance on public benefit when reviewing the charity’s aims and objective, in planning future activities and the setting of our grant making policy. The Trustees believe that our objectives are in the public interest.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

b. Grant-making policies
 

The charity has established its grant making policy to achieve public benefit. The charity's aim is to improve the lives of people diagnosed with cancer and its related conidtions now, and to seek a permanent cure in the future through research. Cancer affects everyone regardless of race and can strike at any age. We review our grant making policy annual to ensure it reflects the foundations objectives and thereby advances public benefit.
 

Achievements and performance
 

a. Main achievements of the Charity
 

The charity continues to seek available fund-raising opportunities in order to enhance its primary objective.
Grants made during the year totalled £9,088 (2023: £2,050), as detailed in Note 3.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
The statement of Financial Activities showed a net profit for the year of £1,395 (2023: £908 deficit).
 

Page 2

 
CHANTAL ROSENBAUM FOUNDATION
 
(A Company Limited by Guarantee)
 
Financial review (continued)

b. Reserves policy
 

At the year end accounts showed reserves of £1,936 (2023: £541), all of which was unrestricted funds not designated or invested.
 

Structure, governance and management
 

a. Constitution
 

Chantal Rosenbaum Foundation is registered as a charitable company limited by guarantee and was set up by a Trust deed.
 

b. Methods of appointment or election of Trustees
 

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
 

 

Approved by order of the members of the board of Trustees on 16 October 2024 and signed on their behalf by:
 




R Rains
Trustee

Page 3

 
CHANTAL ROSENBAUM FOUNDATION
 
(A Company Limited by Guarantee)
 

STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) 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 Charity will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Approved by order of the members of the board of Trustees on 16 October 2024 and signed on its behalf by:



R Rains
Trustee

Page 4

 
CHANTAL ROSENBAUM FOUNDATION
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024


Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £

Income from:




Donations and legacies:




.Donations and Grants

11,585

11,585

2,000
 
Total income
11,585
11,585
2,000
Expenditure on:




Charitable activities:




.Other charitable activities

10,190

10,190

2,908
 
Total expenditure
10,190
10,190
2,908

Net movement in funds
1,395
1,395
(908)

Reconciliation of funds:




Total funds brought forward

541

541

1,449
 
Net movement in funds

1,395

1,395

(908)
 
Total funds carried forward
1,936
1,936
541

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 7 to 14 form part of these financial statements.

Page 5

 
CHANTAL ROSENBAUM FOUNDATION
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07174140

 
 
BALANCE SHEET
AS AT 31 MARCH 2024


2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Cash at bank and in hand
  
3,094
1,441

  
3,094
1,441

Creditors: amounts falling due within one year
 7 
(1,158)
(900)

Net current assets 
  
 
 
1,936
 
 
541

Total assets less current liabilities
  
1,936
541

Total net assets 
  
1,936
541


Charity funds
  

Restricted funds
 8 
-
-

Unrestricted funds
 8 
1,936
541

Total funds
  
1,936
541

The Charity 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.

The financial statements were approved and authorised for issue by the Trustees on 16 October 2024 and signed on their behalf by:




R Rains
Trustee

The notes on pages 7 to 14 form part of these financial statements.

Page 6

 
CHANTAL ROSENBAUM FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Chantal Rosenbaum Foundation 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 Charity 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 Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

  
1.4

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

 
CHANTAL ROSENBAUM FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)


1.5

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.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

  
1.6

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
1.7

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 Charity and which have not been designated for other purposes.


2.

Grants and Donations




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
 


 
Donations received

11,585

11,585

2,000
 
Total 2023


2,000
2,000

Page 8

 
CHANTAL ROSENBAUM FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.

Analysis of grant expenditure




Grants to Institutions
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Donations

9,088

9,088

2,050
 
Total 2024


9,088
9,088
2,050
Total 2023


2,050
2,050

The Charity has made the following material grants to institutions during the year:

2024
2023
£
£

Name of institution

Save Baby Robin
1,050
-

Great Ormond Street Hospital
250
250

Chai-Lifeline Cancer Care
200
450

Rosh Hashanah Charity
-
250

Ukraine Children
-
1,000

Mouth & Foot Painting Artists
-
100

Noahs Ark
750
-

Lori Cole
1,200
-

UJIA Charity
2,500
-

BFUH Charity
2,563
-

Papyrus Prevention of Young Suicide
575
-

9,088
2,050

9,088
2,050

Page 9

 
CHANTAL ROSENBAUM FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.

Analysis of expenditure on charitable activities


Summary by fund type




Unrestricted funds
2024
Total
2024
Total
2023
        £
        £
        £




Expenditure

10,190

10,190

2,908
 
Total 2024


10,190
10,190
2,908
Total 2023


2,908
2,908

Page 10

 
CHANTAL ROSENBAUM FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.

Analysis of expenditure by activities





Grant funding of activities
2024
Support costs
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £





Donations

9,088

1,102

10,190

2,908
 
Total 2024


9,088
1,102
10,190
2,908
Total 2023


2,050
858
2,908


Analysis of support costs



Total
funds
2024
Total
funds
2023
        £
        £



Accountancy

720

840
 
Bank charges

7

18
 
Legal and professional

375

-
 


1,102
858

Page 11

 
CHANTAL ROSENBAUM FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).


7.



Creditors: Amounts falling due within one year


2024
2023
£
£


Accruals and deferred income
1,158
900

1,158
900

Page 12

 
CHANTAL ROSENBAUM FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.

Statement of funds


Statement of funds - current year

Balance at 1 April 2023
£
Income
£
Expenditure
£
Balance at 31 March 2024
£

Unrestricted funds





General Funds 

541

11,585

(10,190)

1,936
 



Statement of funds - prior year

Balance at
1 April 2022
£
Income
£
Expenditure
£
Balance at
31 March 2023
£

Unrestricted funds





General Funds 

1,449

2,000

(2,908)

541
 





9.

Summary of funds


Summary of funds - current year

Balance at 1 April 2023
£
 
Income
£
 
Expenditure
£
 
Balance at 31 March 2024
£
 
General funds

541

11,585

(10,190)

1,936
 


Summary of funds - prior year

Balance at
1 April 2022
£
 
Income
£
 
Expenditure
£
 
Balance at
31 March 2023
£
 
General funds

1,449

2,000

(2,908)

541
 

Page 13

 
CHANTAL ROSENBAUM FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds
2024
Total
funds
2024
        £
        £


Current assets

3,094

3,094

Creditors due within one year

(1,158)

(1,158)

Total 


1,936
1,936




11.


Related party transactions


The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2024.

Page 14