Domlal Foundation Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06317261

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		436,049		82,703

		436,049		82,703
Creditors: Amounts Falling Due Within One Year	4	(558 )		(528 )

NET CURRENT ASSETS (LIABILITIES)			435,491		82,175

TOTAL ASSETS LESS CURRENT LIABILITIES			435,491		82,175

NET ASSETS			435,491		82,175

Income and Expenditure Account			435,491		82,175

MEMBERS' FUNDS			435,491		82,175

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Domlal Foundation Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Graham Cartledge

Director

26 March 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Domlal Foundation Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06317261 . The registered office is Handley House, North Gate, Newark, Nottinghamshire, NG24 1EH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention with items recognised at cost or transactional value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) - (Charities SORP(FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

The trustees assess whether the use of going concern is appropriate i.e whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the foundation to continue as a going concern. The trustees make this assessment each year in respect of a period of one year from the date of approval of the financial statements.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	558	528

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Domlal Foundation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Related Party Transactions

During the year donations totalling £320,000 (2023: £60,000) were received from Mr G S Cartledge and £40,000 from Mrs J M Cartledge who served as Directors and Trustee's of the Charity.

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

7. Analysis of Expenditure on Charitable Activitiess

During the year the charity made donations of £24,768 to Homestart Newark (2023: £23,357), £18,700 to Book Aid International (2023: £12,000), £13,000 to Imagination Library, £21,500 to Mercy Ships and £20,000 Over the Wall.

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