Company registration number 13382551 (England and Wales)
THE CSJ FOUNDATION
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
THE CSJ FOUNDATION
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE CSJ FOUNDATION
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
61,642
33,399
Cash at bank and in hand
270,123
254,874
331,765
288,273
Creditors: amounts falling due within one year
4
(133,031)
(142,002)
Net current assets
198,734
146,271
Reserves
Income and expenditure account
198,734
146,271
Members' funds
198,734
146,271

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 February 2025 and are signed on its behalf by:
A Cook
Director
Company registration number 13382551 (England and Wales)
THE CSJ FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

The CSJ Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Kings Buildings, 16 Smith Square, Westminster, London, SW1P 3HQ. The company registration number is 13382551.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 May 2024 are the first financial statements of The CSJ Foundation prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 June 2022. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Income and expenditure

Income represents donations, grants and other income receivable less value added tax where applicable

 

Income in respect of donations is recognised when the company is legally entitled to it after any performance conditions by the donor have been met, the amounts can be measured reliably and it is probable that income will be received. Where there are no performance obligations, donations are recognised on receipt.

 

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

Grants in respect of capital expenditure are credited to deferred income account and are released to the profit and loss account over the useful lives of the relevant assets.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments
Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial liabilities

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest method. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

THE CSJ FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
4
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
25,000
6,250
Other debtors
36,642
27,149
61,642
33,399
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
24,091
18,191
Amounts owed to group undertakings
6,436
25,023
Taxation and social security
10,290
12,593
Other creditors
92,214
86,195
133,031
142,002
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

THE CSJ FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
6
Related party transactions

During the year, the entity charged recharges of £25,000 (2023: £2,035) to Smith Square Trading (an entity with directors in common). As at 31 May 2024, an amount of £25,000 (2023: £6,250) was due from Smith Square Trading and is included within other debtors.

 

During the year, the entity were charged recharges of £50,000 (2023: £12,500) to The Centre for Social Justice (an entity with directors in common). As at 31 May 2024, an amount of £6,437 (2023: £25,024) was due to The Centre for Social Justice and is included within other creditors.

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