The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Memorandum and Articles, the Companies 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 2015)”
The Sanela Diana Jenkins Foundation for Bosnia (In Memory of Irnis Catic) acts as administrative consultants and advisers with the aim of organising, funding, managing and administering the treatment of illness, disease or infirmity, promoting physical and mental health, and supporting the relief of poverty, whether by the provision of accommodation or otherwise. The Foundation’s work is undertaken in connection with any place or activity in any part of the world but particularly in Bosnia and Herzegovina and the United Kingdom.
In addition, the charity aims to establish and carry on in any part of the world but particularly in Bosnia and Herzegovina and the United Kingdom any activity by means of which students may obtain education and instruction in languages, mathematics, geography and history, and all other subjects whatsoever that may be included in a commercial, technical, scientific, classical or academic education, or may be conducive to knowledge of or skill in any pursuit or calling.
The Board of Trustees consider that the charity has made satisfactory progress in achieving its objectives. The Board of Trustees aim to continue offering financial support for selected projects as decided by the trustees.
It is the policy of the Board of Trustees to maintain a reserve sufficient to assist the organisation in its financial planning by making funds available to cover temporary cash flow deficits and allowing the organisation to react to issues by being able to give donations to relevant causes over and beyond those already budgeted for in any given financial year.
Surplus funds are deposited in an interest bearing account with Barclays Bank Plc.
The Board of Trustees has assessed the major risks to which the Foundation is exposed and is confident that the necessary management systems and strategies have been implemented to mitigate against those risks.
Trustees are appointed by ordinary resolution, but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum. Selection of trustees is based on their expertise and specific interest in the activities of the charity.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.
The Sanela Diana Jenkins Foundation For Bosnia (In Memory of Irnis Catic) is a company limited by guarantee without any share capital and is governed by a Board of Trustees that convenes on an ad hoc basis. Organisational decisions are made by the Trustees who are also responsible for financial management of the charity.
The Trustee' report was approved by the Board of Trustees.
The Trustees, who are also the directors of The Sanela Diana Jenkins Foundation for Bosnia (In memory of Irnis Catic) for the purpose of company law, are responsible for preparing the Trustee' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts 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.
I report to the Trustees on my examination of the financial statements of The Sanela Diana Jenkins Foundation for Bosnia (In memory of Irnis Catic) (the Charity) for the year ended 31 March 2023.
The Trustees, who are also the directors of The Sanela Diana Jenkins Foundation for Bosnia (In memory of Irnis Catic) for the purposes of company law, are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
There are no recognised gains and losses other than those passing through the profit and loss account.
The profit and loss account has been prepared on the basis that all operations are continuing operations.
The Sanela Diana Jenkins Foundation for Bosnia (In memory of Irnis Catic) is a private company limited by guarantee incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.
The accounts have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies 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)” (as amended for accounting periods commencing from 1 January 2016). 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 Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
Whilst the accounts show a deficit of funds at the balance sheet date, the charity’s donors have formally committed to continue providing financial support to the company for the foreseeable future. This support includes making available funds to meet the company’s liabilities as they fall due and providing additional funding if required. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
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 accounts.
Project expenditure has been charged to the income and expenditure account in the period the project opens, is published, or occurs. Expenditure on future projects is included in current assets as work in progress.
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.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans and other debtors receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors and other current creditors payable on demand are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/expenditure for the period.
Difference on foreign exchange
Consultants
Bank charges
Accountancy fees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
The average monthly number of persons employed by the company during the year was:
At 31 March 2025 £15,040 (2024: £9,640) was owed to S D Jenkins. This balance is interest free and repayable on demand except that S D Jenkins has indicated she will not withdraw these monies if to do so would leave the charity unable to pay other creditors. During the year S D Jenkins made donations of £59,270 (2024: £39,718) to the charity.
The remuneration of key management personnel, who are also directors, is as follows.