REGISTERED COMPANY NUMBER: 02810326 (England and Wales)
REGISTERED CHARITY NUMBER: 1024925
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2021
for
Friends of the Beacon
G Smith
12, Surrey House
New Road
Chilworth
Guildford
Surrey
GU4 8LP
Friends of the Beacon
Contents of the Financial Statements for the Year Ended 31 March 2021
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 |
Notes to the Financial Statements |
6 to 10 |
Friends of the Beacon
Report of the Trustees
for the Year Ended 31 March 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31March2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The short and long-term aim of the charity is to provide finance for the Beacon Specialist Palliative Care Service.
Thetrusteeshavecompliedwiththeirdutytohavedueregardtopublicbenefitguidancepublishedbythe Charity
Commission.
ACHIEVEMENT AND PERFORMANCE
Inthisfinancialyear,thecharitywasabletoraise£1,489(2020:£16,237)fortheBeaconSpecialistPalliative Care
Service.Thisincluded£nil(2020:£15,154)inrespectofashareofMarathonsponsorshipmonies.Thecharity also
received £64,431 (2020: £6,000) in restitution from a responsible official. This cleared the outstanding balance in full.
Thecharity'sexpendituretotalled£27,916(2020:£25,165).£25,876(2020:£25,877)ofthiswasusedto directly
supporttheBeacon(including£25,000specificallytoassistwiththeadditionalexpensescausedbythe Covid19
pandemic) and £2,040 (2020: £1,980) was spent to raise funds through the London Marathon.
Thecharityhas5"GoldenBond"LondonMarathonrunnerseachyearforwhichthecharitypays£1,980,with an
additional£60thisyearinrespectoftheVirtualMarathon.ThesearemanagedfortheFriendsbyPhyllis Tuckwell
HospiceCare,whoruntheBeaconCentre.Lastyear,thesponsorshipmoneyof£15,154collectedfromthe runners
waspaidtothecharitybutthendonatedbacktoPTHC.Thisyear,asthemarathonwasnotheldinthenormal way
becauseof the Coronaviruspandemic,any sponsorshipmoniesaccumulatedby the runnershave been rolled forward
byPhyllisTuckwellHospiceCareintotheyearthattherunnerswillactuallybe competing.Formostrunners,this will
be the 2022 event.
There has been no effect on the charity'sactivitiesas a resultof the Covid19pandemic,otherthanthe matters noted
above in respect of the London Marathon and £25,000 donation to PTHC.
FINANCIAL REVIEW
The results for the year are as set out in the annexed Statement of Financial Activities.
FUTURE PLANS
In the future the charity plans to continue to carry out its current objects and activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
ThecharityiscontrolledbyitsMemorandum&ArticlesofAssociationandconstitutesacompanylimited by
guarantee, as defined by the Companies Act 1985.
Recruitment and appointment of new trustees
All trustees are appointed when necessary and are given sufficient training on appointment.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02810326 (England and Wales)
Registered Charity number
1024925
Page 1
Friends of the Beacon
Report of the Trustees for the Year Ended 31 March 2021
Registered office
The Oriel
Sydenham Road
Guildford
Surrey
GU1 3SR
Trustees
Mrs J M Holland
A M Jackson
A J Bennewith
Dr K A Hillard
P Foxton
Company Secretary
A M Jackson
Independent Examiner
G Smith
12, Surrey House
New Road
Chilworth
Guildford
Surrey
GU4 8LP
Approved by order of the board of trustees on 28 June 2021 and signed on its behalf by:
A M Jackson - Trustee
Page 2
Independent Examiner's Report to the Trustees of Friends of the Beacon
Independent examiner's report to the trustees of Friends of the Beacon ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
G Smith
12, Surrey House
New Road
Chilworth
Guildford
Surrey
GU4 8LP
16 July 2021
Page 3
Friends of the Beacon
Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,519
Investment income
2
648
Other income
64,431
Total
66,598
EXPENDITURE ON
Raising funds
2,040
Charitable activities
Support for Beacon
25,876
Total
27,916
NET INCOME/(EXPENDITURE)
38,682
RECONCILIATION OF FUNDS
Total funds brought forward
163,113
TOTAL FUNDS CARRIED FORWARD
201,795 |
31.3.20
Total
funds
£
16,237
1,042
6,000
23,279
1,980
23,185
25,165
(1,886)
164,999
163,113 |
|
|
The notes form part of these financial statements
Page 4
Friends of the Beacon
Balance Sheet
31 March 2021
31.3.21
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
1,353
CURRENT ASSETS
Cash at bank
200,442
CREDITORS
Amounts falling due within one year
8
-
NET CURRENT ASSETS
200,442
TOTAL ASSETS LESS CURRENT LIABILITIES
201,795
NET ASSETS
201,795
FUNDS
9
Unrestricted funds
201,795
TOTAL FUNDS
201,795 |
31.3.20
Total
funds
£
1,803
176,464
(15,154)
161,310
163,113
163,113
163,113
163,113 |
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 March 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees 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.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon 28 June 2021and were
signed on its behalf by:
A M Jackson - Trustee
The notes form part of these financial statements
Page 5
Friends of the Beacon
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
Equipment- 25% on reducing balance
Furniture- 25% on reducing balance
Computer equipment- 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 6
Friends of the Beacon
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
2. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
Deposit account interest |
648 |
1,042 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
Depreciation - owned assets |
450 |
601 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norforthe year
ended 31 March 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
16,237 |
Investment income |
1,042 |
Other income |
6,000 |
Total |
23,279 |
EXPENDITURE ON |
|
Raising funds |
1,980 |
Charitable activities |
|
Support for Beacon |
23,185 |
Total |
25,165 |
NET INCOME/(EXPENDITURE) |
(1,886) |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
164,999 |
continued...
Page 7
Friends of the Beacon
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
TOTAL FUNDS CARRIED FORWARD
Unrestricted
fund
£
163,113
6. AVERAGE NUMBER OF EMPLOYEES
The average number of employees during the year was NIL (2020 - NIL).
7. TANGIBLE FIXED ASSETS
Equipment
£
COST
At 1 April 2020 and 31 March 2021
5,905
DEPRECIATION
At 1 April 2020
5,321
Charge for year
146
At 31 March 2021
5,467
NET BOOK VALUE
At 31 March 2021
438
At 31 March 2020
584
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS |
Furniture
£
3,900
3,467
108
3,575
325
433
At 1.4.20
£
163,113
163,113 |
Computer
equipment
£
6,705
5,919
196
6,115
590
786
31.3.21
£
-
Net
movement
in funds
£
38,682
38,682 |
Totals
£
16,510
14,707
450
15,157
1,353
1,803
31.3.20
£
15,154
At
31.3.21
£
201,795 |
|
|
|
201,795 |
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9. MOVEMENT IN FUNDS
continued...
Page 8
Friends of the Beacon
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
66,598 |
(27,916) |
38,682 |
TOTAL FUNDS |
66,598 |
(27,916) |
38,682 |
Comparatives for movement in funds
At 1.4.19
£
Unrestricted funds
General fund
164,999
TOTAL FUNDS
164,999
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
23,279
TOTAL FUNDS
23,279 |
Net
movement
At
in funds
31.3.20
£
£
(1,886)
163,113
(1,886)
163,113
Resources
Movement
expended
in funds
£
£
(25,165)
(1,886)
(25,165)
(1,886) |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.19
£
164,999
164,999 |
Net
movement
in funds
£
36,796
36,796 |
At
31.3.21
£
201,795 |
|
|
|
201,795 |
continued...
Page 9
Friends of the Beacon
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. MOVEMENT IN FUNDS - continued
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
89,877 |
(53,081) |
36,796 |
TOTAL FUNDS |
89,877 |
(53,081) |
36,796 |
10. RELATED PARTY DISCLOSURES
Therewerenorelatedpartytransactionsfortheyearended31March2021orfortheyearended31 March
2020.
Page 10