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COMPANY REGISTRATION NUMBER: 09919447
CHARITY REGISTRATION NUMBER: 1168784
Neetzotz Ltd
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024
Neetzotz Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
4
Statement of financial activities (including income and expenditure account)
5
Statement of financial position
6
Notes to the financial statements
7
Neetzotz Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024 .
Reference and administrative details
Registered charity name
Neetzotz Ltd
Charity registration number
1168784
Company registration number
09919447
Principal office and registered
30 Granville Street
office
Gateshead
NE8 4EH
The trustees
Rabbi B Bowden
Mr M Pruim
Dr S Rutenberg
(Resigned 1 February 2024)
Rabbi MC Dunner
Mr Y M Gittleson
(Appointed 2 June 2024)
Independent examiner
Meir Guttentag FCCA of Chartwell Accountants and Business Consultants LLP
47 Bury New Road
Prestwich
Manchester
M25 9JY
Structure, governance and management
Neetzotz Limited is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 16th December 2015 as a company with company number 09919447. It was registered as a charity on 15th August 2016 with charity number 1168784.
The Charity is run by Trustees who all act in an honorary capacity. Should they need to appoint a new trustee, the current trustees will apply suitable recruitment training and induction procedures.
Objectives and activities
The objectives of the charity are:
a. To promote and advance the education of young people and to develop their capabilities, skills, competences and understanding in particular, but not exclusively by the provision of training courses, with a view to enhancement of employment prospects, greater societal integration and improved futures.
b. To provide or assist in the provision of facilities, in the interests of social welfare, for recreation or other positive leisure time pursuits to individuals who, by reason of youth, infirmity or disability, financial hardship, social circumstances or mental or emotional health, have need of such services with the object of improving their conditions of life.
c. To advance, by means of individual or group education and activities, the development of civic responsibility and good citizenship among young people in need of such services due to cultural, social, or financial circumstances that they may grow to become productive and contributing members of society.
d. The relief of poverty.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Achievements and performance
The charity has undertaken a significant restructuring and enhancement of its core after-school club provision. This has involved expanding accessibility to include a broader range of year groups and improving the quality of the service by implementing a higher staff-to-pupil ratio.
The established bedtime phone - in programme, has continued its successful operation, serving hundreds of children across the United Kingdom. Feedback received from both parents and the schools of participating children has been overwhelmingly positive, indicating a significant beneficial impact on the children involved.
The charity's other services, including poverty relief initiatives, holiday programmes providing food and a safe environment, and the incorporation of sporting activities for youth in the region, have all been delivered successfully and have met their strategic objectives.
Financial review
Reserves policy
The trustees have reviewed the reserves and future requirements of the charity. All future needs are considered together with any risks or contingencies that may exist. The trustees are confident that sufficient reserves will be generated to achieve the objectives of the charity.
As of 31st December 2024 the charity had total funds of £15,975. The trustees consider the level of funds to be adequate having regard to the planned level of charitable activities to be undertaken by the charity.
Plans for future periods
The Trustees are focusing on the development and launch of a new online parenting advice panel. This initiative will leverage the expertise of professionals from a global pool to provide virtual answers to parenting questions submitted from within the UK. This service aims to further support the charity's beneficiary base.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 28 September 2025 and signed on behalf of the board of trustees by:
Rabbi B Bowden
Trustee
Neetzotz Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Neetzotz Ltd
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of Neetzotz Ltd ('the charity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Meir Guttentag FCCA of Chartwell Accountants and Business Consultants LLP Independent Examiner
47 Bury New Road Prestwich Manchester M25 9JY
28 September 2025
Neetzotz Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2024
2024
2023
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
93,668
39,943
133,611
183,548
Charitable activities
6
4,500
–
4,500
1,850
--------
--------
---------
---------
Total income
98,168
39,943
138,111
185,398
--------
--------
---------
---------
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies
7
855
–
855
24,178
Expenditure on charitable activities
8,9
88,568
47,746
136,314
155,728
--------
--------
---------
---------
Total expenditure
89,423
47,746
137,169
179,906
--------
--------
---------
---------
--------
--------
---------
---------
Net income and net movement in funds
8,745
( 7,803)
942
5,492
--------
--------
---------
---------
Reconciliation of funds
Total funds brought forward
1,704
13,329
15,033
9,542
--------
--------
---------
---------
Total funds carried forward
10,449
5,526
15,975
15,034
--------
--------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Neetzotz Ltd
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
16
14,721
23,623
Current assets
Cash at bank and in hand
2,824
2,147
Creditors: amounts falling due within one year
17
1,570
9,469
-------
-------
Net current assets
1,254
( 7,322)
--------
--------
Total assets less current liabilities
15,975
16,301
Creditors: amounts falling due after more than one year
18
–
1,267
--------
--------
Net assets
15,975
15,034
--------
--------
Funds of the charity
Restricted funds
5,526
13,330
Unrestricted funds
10,449
1,704
--------
--------
Total charity funds
19
15,975
15,034
--------
--------
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 28 September 2025 , and are signed on behalf of the board by:
Rabbi B Bowden
Trustee
Neetzotz Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 30 Granville Street, Gateshead, NE8 4EH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The Company is limited by guarantee and does not have share capital. In the event of winding up, the members are liable to an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Donations type 1
93,668
–
93,668
Grants
Grants receivable type 1
–
39,943
39,943
--------
--------
---------
93,668
39,943
133,611
--------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations type 1
116,897
–
116,897
Grants
Grants receivable type 1
–
66,651
66,651
---------
--------
---------
116,897
66,651
183,548
---------
--------
---------
6. Charitable activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Other income from charitable activities type 1
4,500
4,500
1,850
1,850
-------
-------
-------
-------
7. Costs of raising donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Costs of raising donations and legacies - Other type 1
855
855
24,178
24,178
----
----
--------
--------
8. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Charitable activities
57,578
47,746
105,324
Support costs
30,990
–
30,990
--------
--------
---------
88,568
47,746
136,314
--------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Charitable activities
55,396
63,706
119,102
Support costs
36,626
–
36,626
--------
--------
---------
92,022
63,706
155,728
--------
--------
---------
9. Expenditure on charitable activities by activity type
Activities undertaken directly
Grant funding of activities
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
£
Charitable activities
100,211
5,113
29,809
135,133
153,965
Governance costs
–
–
1,181
1,181
1,763
---------
-------
--------
---------
---------
100,211
5,113
30,990
136,314
155,728
---------
-------
--------
---------
---------
10. Analysis of support costs
Analysis of support costs activity 1
Total 2024
Total 2023
£
£
£
General office
29,809
29,809
34,863
Governance costs
1,182
1,182
1,764
--------
--------
--------
30,991
30,991
36,627
--------
--------
--------
11. Analysis of grants
2024
2023
£
£
Grants to institutions
Grants to institutions type 1
5,113
–
-------
----
Total grants
5,113
–
-------
----
12. Net income
Net income is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
8,902
9,791
-------
-------
13. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
570
570
----
----
14. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
16. Tangible fixed assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 January 2024 and 31 December 2024
26,187
19,279
2,188
47,654
--------
--------
-------
--------
Depreciation
At 1 January 2024
16,228
5,947
1,856
24,031
Charge for the year
5,237
3,333
332
8,902
--------
--------
-------
--------
At 31 December 2024
21,465
9,280
2,188
32,933
--------
--------
-------
--------
Carrying amount
At 31 December 2024
4,722
9,999
–
14,721
--------
--------
-------
--------
At 31 December 2023
9,959
13,332
332
23,623
--------
--------
-------
--------
17. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
–
2,899
Accruals and deferred income
570
570
Other creditors
1,000
6,000
-------
-------
1,570
9,469
-------
-------
18. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
–
1,267
----
-------
19. Analysis of charitable funds
Unrestricted funds
At 1 January 2024
Income
Expenditure
At 31 December 2024
£
£
£
£
General funds
1,704
98,168
(89,423)
10,449
-------
--------
--------
--------
At 1 January 2023
Income
Expenditure
At 31 December 2023
£
£
£
£
General funds
(843)
118,747
(116,200)
1,704
----
---------
---------
-------
Restricted funds
At 1 January 2024
Income
Expenditure
At 31 December 2024
£
£
£
£
Restricted Fund 1 - desc in a/cs
13,329
39,943
(47,746)
5,526
--------
--------
--------
-------
At 1 January 2023
Income
Expenditure
At 31 December 2023
£
£
£
£
Restricted Fund 1 - desc in a/cs
10,385
66,651
(63,706)
13,330
--------
--------
--------
--------
20. Analysis of net assets between funds
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
14,721
–
14,721
Current assets
(2,702)
5,527
2,825
Creditors less than 1 year
(1,570)
–
(1,570)
Creditors greater than 1 year
–
–
–
--------
-------
--------
Net assets
10,449
5,527
15,976
--------
-------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Tangible fixed assets
23,623
–
23,623
Current assets
(11,182)
13,329
2,147
Creditors less than 1 year
(9,470)
–
(9,470)
Creditors greater than 1 year
(1,267)
–
(1,267)
--------
--------
--------
Net assets
1,704
13,329
15,033
--------
--------
--------