Registered number
08109900
Gift a Smile
Filleted Accounts
30 June 2024
Gift a Smile
Registered number: 08109900
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 7 50,000 70,000
Cash at bank and in hand 70,297 49,676
120,297 119,676
Creditors: amounts falling due within one year 9 (5,622) (4,902)
Net current assets 114,675 114,774
Net assets 114,675 114,774
Fund balance as at 1 July 2023 114,774 114,921
Net income / ( expenditure ) for the year (99) (147)
Fund balance as at 30 June 2024 114,675 114,774
The company is entitled to the exemption from the audit requirement contained in section 477 of
the Companies Act 2006, for the year ended 30 June 2024.
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
(a) ensuring that the charitable company keeps accounting records that comply with sections 386
and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
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 financial statements, so far
as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
The financial statements were approved by the trustees on 1 May 2025.
D Prakash
Trustee
Gift a Smile
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
1.1 Accounting Convention
The financial statements have been prepared in accordance with the charity's governing document,
the compnies Act 2006 and 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 Charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin 1 not to Prepare a Statements of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity.
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.
1.2 Going Concern
At the time of apporving the financial statements, the trustees have a reasonable expectation
that the charity has adequate resources to continue in operational existence for the
foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting
in preparing the financial statements.
1.3 Charitable Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any perfomance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be
received.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings
that aggregate all cost related to the category. Where costs cannot be directly attributed to
particular headings they have been allocated to activities on a basis consistent with the use
of resources.
1.6 Cash and cash equivalents
Cash and cash equivalents 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.
1.7 Taxation
The charity is exempt from corporation tax on its charitable activities.
2 Charitable activities 2024 2023
£ £
Ticket Sales 108,967 0
3 Investments Unrestricted Unrestricted
Funds Funds
2,024 2,023
£ £
Interest Receivable 1,102 303
4 Charitable and administrative expenses 2024 2023
£ £
Charitable activities 9,999
Accountancy 720 450
Other administrative expenses 482
11,201 450
5 Trustees
None of the trustees (or any persons connected with them) received any remuneration or
benefits from the charity during the year.
6 Employees
The average monthly number of employees during the year was: 2024 2023
Number Number
Total 0 0
7 Debtors 2024 2023
£ £
Amounts falling due within one year:
Debtors 50,000 70,000
Prepayments and accrued income - -
50,000 70,000
8 Loans and Overdrafts 2024 2023
£ £
Trustees' loans 4,500 4,500
Included in the accounts is a balance of £4,500 due back to the trustees, this is repayable on demand
and is interest free.
9 Creditors: amounts falling due within one year 2024 2023
£ £
Trustees' loans 4,500 4,500
Accruals and deferred income 1,122 402
5,622 4,902
10 Related party transactions
There were no disclosable related party transactions during the year (2023-none).
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