Wakefield Oncology Leukaemia Fund (WOLF)
Report and Accounts for the Year Ending 31st March 2021
Charity Registration number 1034649
Wakefield Oncology Leukaemia Fund
Year end 31st March 2021
Income & Expenditure Report for the year to 31st March 2021
| Notes Year to 31 March 2021 £ INCOME Fundraising/Legacy 2 90,353 Income for period 90,353 Laptop For Researcher Microscopes and Camera 8,922 Furnishings for Psychology Depart. - Patient counselling 1,120 Books Accountancy Fees / Independent Examination 270 Equipment for Macmillan Hub in hospital Legal fees Total Expenditure 10,312 Surplus (Deficit) for year 80,041 Less transfer to Reserve Account Increase(decrease) in Cumulative Surplus 80,041 80,041 |
Year to 31 March 2020 £ 51,606 |
|---|---|
| 51,606 | |
| 2,255 297 270 200 17,519 |
|
| 20,541 | |
| 31,065 | |
| 31,065 | |
| 31,065 |
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Wakefield Oncology Leukaemia Fund
Year end 31st March 2021
| Notes CURRENT ASSETS Prepayments and Debtors 4 Cash at bank CREDITORS (amounts falling due within one year) Creditors and accruals 5 NET CURRENT ASSETS CAPITAL AND RESERVES Funds brought forward Surplus on Income & Expenditure Account Balance Sheet at 31 March 2021 |
2021 £ - 215,060 215,060 540 540 214,520 134,479 80,041 214,520 |
2020 £ 46,955 95,789 |
|---|---|---|
| 142,744 | ||
| 8,265 | ||
| 8,265 | ||
| 134,479 | ||
| 103,414 31,065 |
||
| 134,479 |
The Financial Statements were approved by the Board of Trustees
Signed
Date:
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Wakefield Oncology Leukaemia Fund
Year end 31st March 2021
1 Accounting Policies
A Basis of preparation
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 (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Wakefield Oncology leukaemia fund (WOLF) meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
B Preparation of the accounts on a going concern basis
Wakefield Oncology Leukaemia Fund(WOLF) is mostly dependent upon volunteers. The overheads are very low as most administration takes place at trustees homes. There are no paid staffing costs. Donations are used to buy equipment and aid the medical profession with their work and improve the comfort of patients during treatment. This all comes under the scope of patients and professionals dealing with illnesses associated with Leukaemia in the Wakefield area.
C Reserves Policy
In common with many charities the trustees have considered it prudent to set aside a part of the accumulated surplus to pay for future projects. Several Legacies have been received and the trustees will decide upon the most appropriate usage of these funds to gain maximum benefit for the Leukaemia patients.
D Income
All income is recognised when received
E Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank
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Wakefield Oncology Leukaemia Fund
Year end 31st March 2021
F Volunteers
The value of the work performed by our volunteers without charge is not incorporated into these financial statements. Although the value is considerable, it is excluded due to the difficulty of valuing it's reliability
G Inventory (Stock) and Fixed assets
There is no stock or fixed assets as all equipment purchased is donated directly to the hospital
H Funds Accounting
Restricted funds are monies where the donor requires that the donation must be spent on a particular purpose and returnable if unspent in a set period of time
2 Turnover
| 2 Turnover | ||
|---|---|---|
| Legacy 3 This is stated after charging: Independent Review Fees 4 Legacy awaiting Payment Movement of funds during year Prepayments and Debtors Fundraising Income Patient Donation |
2021 £ 15,700 74,653 90,353 2021 £ 270 270 2021 £ - - |
2020 £ 4,651 46,955 |
| 51,606 | ||
| 2020 £ 270 |
||
| 270 | ||
| 2020 £ 46,955 |
||
| 46,955 |
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Wakefield Oncology Leukaemia Fund
Year end 31st March 2021
| 5 Accruals and Creditors Provision for independent review Legal Fees provision |
2021 £ 540 540 |
2020 £ 270 7,995 |
|---|---|---|
| 8,265 |
6 Benefits- Trustees
No benefits were paid to the trustees in 2021 or 2020.
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Wakefield Oncology Leukaemia Fund (WOLF) Independent Examiners Report
For the Year Ended 31st March 2021
I report to the charity trustees on my examination of the accounts for the year ended 31st March 2021
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts
I report in respect of my examination of your charity accounts as carried out under section 145 of the Charities Act 2011. 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
The charities gross income was less than £250,000 your examiner is not required to be a member of a body listed in section 145 of the 2011 Act. However, I can confirm that I am qualified to undertake the examination and I am indeed on that list because I am a member of The Institute Of Chartered Management Accountants
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 that in any material respect :
(1) accounting records were not kept in respect of the charity
- (2) the accounts do not accord with those records; or
(3) the accounts do not comply with the accounting requirements 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 ( FRS102).
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.
Signed ………………………… Date 29/12/2021 Sally Jane Wainwright ACMA
Isis House, Smith Road, Wednesbury,
West Midlands WS10 0PB
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