| Contents | ||||
|---|---|---|---|---|
| Strategic | report | |||
| Trustees' | report | |||
| Statement | ofTrustees' | responsibilities | ||
| Independent auditor's |
report | |||
| Statement | offinancial | activities (incorporating | the Income and expenditure | account) |
| Reconciliation offunds |
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| Salance sheet | ||||
| Notes to | the financial statements |
| Category | No.ofawards | Expenditure | ||
|---|---|---|---|---|
| Health | 10 | 95,427 | ||
| Social Care | 11 | 93,778 | ||
| Lifelong Learning | 4 | 32,824 | ||
| Community | Development | 4 | 27,971 | |
| Total | 29 | 250,000 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | 6 | |||
| income from: | ||||
| Company donations |
3,4 | 266,459 | 266,834 | |
| Total income | 266,459 | 266,834 | ||
| Expenditure on |
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| Charitable activities |
4, 5 | (266,459) | (266,834) | |
| Total expenditure | (266,459) | (268,834) | ||
| Net expenditure | ||||
| Net movement | in funds |
| 2022 | 2021 | |
|---|---|---|
| Notes | f |
| Total funds brought | forward |
|---|---|
| Net movement in funds for the year |
|
| Total funds carried | forward |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | E | |||||
| Assets | ||||||
| Current assets | ||||||
| Cash and bank balances | 37,762 | 45,079 | ||||
| Liabilities | ||||||
| Trade and other pa | ables | (37,762 | (45,079) | |||
| Net assets, bein | net current assets and being total assets less current | liabilities | ||||
| Funds | ||||||
| Unrestricted income |
funds: | |||||
| General funds | ||||||
| Total charity funds |
| 1.Accounting policies |
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|---|---|---|---|---|---|
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation |
to | the Trust's financial | |||
| statements. | |||||
| General information | |||||
| Boots Charitable Trust ("the Trust") is a public benefit entity, a registered charity and is incorporated in England and Wales as a company limited by guarantee not having share capital. The address of the registered office is given on page 4. The nature of the Trust 's operations and its principal |
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| activities are set out in the Strategic report on page 1. | |||||
| Basis of preparation | |||||
| The financial statements are prepared under the historical cost convention, in accordance with the Statement of Recommended |
Practice "Accounting | ||||
| and Reporting by Charities (SORP 2019)" 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; and the Companies Act 2006. |
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| These financial statements are presented in pounds sterling because that is the currency of the primary economic |
environment | in which | the Trust | ||
| operates. | |||||
| The Trust has taken the exemption as a small charity from the preparation of a cash flow statement. |
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| Going concern | |||||
| The financial statements have been prepared on a going concern basis. In adopting the going concern basis, the |
Trustees | have considered the |
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| business activities and principal risks and uncertainties as set out within the Strategic report. |
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| The Trust had net expenditure ofrnil (2021:fnil) in the current year. It has net current assets of anil (2021:anil) which |
is expected | to continue into the |
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| year ending 31August 2023. |
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| The donation from Boots UK Limited is anticipated to continue to be received for the foreseeable future. The annual |
donation | for the financial year |
|||
| ending 31August 2022 was F250,000 (2021:F250,000) and has been agreed as f250,000 for the year ending 31 August 2023; this was |
agreed in |
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| July 2022. | |||||
| The donation is agreed prior to the commencement of the financial year, with all financial commitments agreed subsequently |
once the | income is |
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| known. Funds are divided equally for allocation to each meeting held in the year and expenditure against allocation is |
monitored | closely during and at |
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| the conclusion ofeach meeting. |
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| Based on these facts, the Trustees have assessed that there is no material uncertainty surrounding the going concern |
ofthe Trust | and they | therefore | ||
| consider that it will be a going concern for at least 12 months from the date of approval of these financial statements |
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| Income | |||||
| All income is recognised once the Trust has entitlement to the resources, it is probable that the income will be received, and the |
monetary | value can | |||
| be measured with sufficient reliability. |
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| Donations — —Such-voluntary)ncoma)s-~nted for on the date when-it becomes, receivable. Donated 1imf~t services arum donated faciTities are |
recognised | ||||
| as income when the charity has control over the item, any conditions associated with the donated item have been met, |
the receipt | of economic benefit | |||
| from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance |
with the | Charities SORP (FRS | |||
| 102),general volunteer time is not recognised. |
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| On receipt, donated professional services and donated facilities are recognised on the basis of the value ofthe gift to |
the charity | which is |
the amount | ||
| the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a |
corresponding amount |
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| is then recognised in expenditure in the period of receipt. |
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| Financial instruments |
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| Financial assets and financial liabilities are recognised when the Trust becomes a party to the contractual provisions |
of the instrument. | All financial | |||
| assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial |
assets classified as | at fair value | |||
| through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding |
transaction | costs), | unless the |
||
| arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset |
or financial | liability is |
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| measured at the present value ofthe future payments discounted at a market rate of interest for a similar debt instrument. |
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| The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic |
financial | instruments | are initially | ||
| recognised at transaction value and subsequently measured at their settlement value. |
| 2022 | ||||||
|---|---|---|---|---|---|---|
| Health | ||||||
| The Friary Drop-In | 9,810 | |||||
| Nottingharn Health and |
Education | Support (NHES) | 9,600 | |||
| S.H.E. UK | 9,936 | |||||
| NIDAS | 10,000 | |||||
| Childrens Bereavement |
Centre | 10,000 | ||||
| Look Good Feel Better | 6,444 | |||||
| Nottinghamshire Hospice |
10,000 | |||||
| Maggie's Nottingham |
10,000 | |||||
| Stonebridge City Farm |
10,000 | |||||
| Defence Medical Welfare | Service | 9,637 | ||||
| 10grants (2021:8 grants | amounting | to f61,179) | 95,427 | |||
| 2022 | ||||||
| Community development |
||||||
| Matthew 25:40 | 9,940 | |||||
| Equation | 10,000 | |||||
| Carrington Community |
Playgroup | 895 | ||||
| Epic Partners | 7,136 | |||||
| 4 grants (2021:4 grants | amounting | tof31,640) | 27,971 | |||
| Lifelong learning | ||||||
| Nottinghamshire Wildlife |
Trust | 5,000 | ||||
| Sutton Youth Radio LTD | 7,888 | |||||
| The Big Issue Foundation | 10,000 | |||||
| Bulwell Forest Garden | 9,936 | |||||
| 4 grants (2021:5 grants | amounting | to F39,631) | 32,824 |