Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
REGISTERED COMPANY NUMBER: 03042409 (England and Wales) REGISTERED CHARITY NUMBER: 1048990
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2024
for
Tim Parry Johnathan Ball Foundation Ltd
Bennett Brooks & Co Limited Chartered Accountants
& Statutory Auditors St George's Court Winnington Avenue Northwich Cheshire CW8 4EE
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Contents of the Financial Statements for the year ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Report of the Independent Auditors | 7 | to | 8 |
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Cash Flow Statement | 11 | ||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 22 |
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd (Registered number: 03042409)
Report of the Trustees for the year ended 31 March 2024
The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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. This report includes the directors' report as required by company law.
OBJECTIVES AND ACTIVITIES
Charitable objectives and activities
The company's objects as set out in its governing document are:
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To promote local, regional and national conflict resolution and reconciliation for the public benefit, with a view to relieving
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suffering and distress and building and maintaining social cohesion and trust within and between communities by:
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Providing participatory learning programmes for young people which explain the causes, management and peaceful resolution of conflict.
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Providing opportunities for former protagonists to meet and share their experiences and shared pain through which trust may grow.
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Providing victims of conflict with the opportunity to share their experiences with other victims from similar and opposing backgrounds to build understanding.
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Providing the parties to a conflict with the opportunity to discuss ways and means by which they can build relationships of trust.
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Publishing reports and research for the public benefit on the causes and recommended solutions of particular conflicts.
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To advance the education of young people resident in the United Kingdom and overseas.
Strategic objectives
The Foundation focuses on breaking the cycle of violence, through its non-formal learning programmes designed to create networks of agents for change. The Foundation's aim is to help people and communities to Prevent, Resolve and Respond to their conflicts, by breaking the cycle of violence.
The Foundation's programmes cover broad areas of work, using practice-based research and conflict transformation theory, to equip people with skills to use their experiences positively and effect change for themselves and their communities.
The Foundation aims to achieve year on year sustainable income growth from a variety of income sources. Further detail relating to this issue is included in the 'Future developments' section below.
The Foundation Trustees review strategic objectives and activities when drafting the annual business plan by taking account of the Charity Commission's general and revised guidance on public benefit. The business plan is supported by a detailed annual budget and cash flow which is approved by the Trustees at the start of each year.
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball
Foundation Ltd (Registered number: 03042409)
Report of the Trustees for the year ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Review of the year - key activities and achievements
Response programmes - supporting victims of terrorism
This programme is funded by the Home Office Victims Terrorism Unit, and covers the costs of two full time employees, and referrals to specialist providers where needed. During the year the VTU team staged events and provided specialist training to external organisations involved in providing support to victims.
Prevention programmes
All programmes delivered this year have featured elements of work to prevent future conflicts, resolve current issues, and respond to the needs of those affected.
Our "Prevent"- focused activities delivered this year have focused on geographical areas identified by the Government as high priority in terms of vulnerability to radicalisation and violent extremism. The Foundation works with Area Prevent Co-ordinators to ensure that resources are targeted to meet the specific needs of each area.
Prevent focused programmes delivered in 2023-24, include:
1) Think - a prevention programme, based around a number of workshops, for small groups of young people, culminating in a 'Dialogue Event' planned, hosted and delivered by the young people.
2) Small Steps for Peace - for Key Stage 2 primary school children, to deliver a workshop to parents and teachers around conflict resolution, followed by classroom sessions for the children.
3) Tiny Steps for Peace - for Key Stage 1 primary school children, based on a board game to encourage positive relationships for lower primary aged chil dren and encourage ideas of conflict resolution at an early age.
4) We Come in Peace - a programme for Key Stage 2 primary children in smaller groups identified during Small Steps, as needing more support during transition to secondary education.
5) One to one support - working in Primary education with some of the most vulnerable young people in order to signpost to other agencies for the most appropriate support.
6) Holding Difficult Conversations - teacher training to help fulfil obligations to prevent young people from being drawn into extremism. The programme develops confidence and competence in engaging successfully in dialogue, and tools and tips to de-escalate and manage tension.
7) Tim Parry Leadership Development Programme - to equip young people with the skills and opportunity to become ambassadors for peace and agents for change by enhancing their Leadership skills and understanding of how we, as neighbours (Great Britain and the Island of Ireland), can develop positive future relationships. Provides the opportunity to interact with other young people from Warrington, Northern Irelan d and the Republic of Ireland.
Combat Hate, My Former Life and Extreme Dialogue are also available in 'Trainer' format whereby teachers, youth and/or community workers can be educated in delivering the resources.
The Foundation has continued to deliver its "Steps" programmes in schools, predominantly in Liverpool, funded by Liverpool City Council and Merseyside Police. The programme builds resilience in school children who have been particularly affected by lockdown and delivering trauma therapy where needed.
Resolution programmes
The Foundation is commissioned as a neutral third party, to help resolve conflict situations within communities, by facilitating dialogue within and between communities. An action plan is developed and tailored to meet the needs of each community, based upon an understanding of the context and relationships within the area. This plan identifies interconnected issues, challenges and opportunities, related to broad social trends, local provision and perceptions and realities. The understanding gained from this, enables the Foundation to present its proposals to local agencies, and often leads to future work by the Foundation to help communities to move forward together equitably and peacefully.
The Peace Centre
Continuing from previous years, the Peace Centre's freehold arrangement with the co-owner remains in place. Further details are provided in the 'Future Developments' section below. Protracted discussions by the Foundation and its partner, the NSPCC, have been ongoing with Warrington Borough Council regarding the sale of the Peace Centre, since 2022.
Measuring performance
The Foundation receives funding from a variety of sources, each requiring differing levels of reporting in relation to outputs and Key Performance Indicators, usually on a quarterly basis. All the core programmes have met targets set by funders during the year.
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball
Foundation Ltd (Registered number: 03042409)
Report of the Trustees for the year ended 31 March 2024
FINANCIAL REVIEW
Principal funding sources
The Foundation's funding, both restricted and unrestricted, comes from a variety of sources. Major funding for this year came from the Home Office 'Victims of Terrorism Unit', various other commissioning authorities and major donors.
Reserves policy
We continuously monitor budgets and cashflow forecasting, with the aim of maintaining a minimum rolling six months funding. In the past 12 months, meeting this policy has been difficult (see Future Developments below).
Results for the year
The Foundation generated a loss for the year of £248,192.
The balance sheet value has decreased due to the decrease in cash. Net current assets at 31 March 2024 were £278,179. Total funds were made up of £10,242 of restricted funds and £877,786 of unrestricted funds. Unrestricted funds included £602,347 of designated funds in relation to the Peace Centre asset.
The charity's wholly owned subsidiary 'The Tim Parry Johnathan Ball Peace Centre Limited' traded profitably during the year and was able to gift £29,764 to the Foundation.
FUTURE DEVELOPMENTS
Throughout 2023 and 2024, the Foundation has experienced ever more challenging trading circumstances and a diminished order book, with little indication that circumstances are going to improve. Based on these adverse circumstances, the Board agreed the CEO's recommendation to cease trading by March 2025. As a result, all employed staff have been informed of their redundancy, with leaving dates based upon a phased wind down.
In the meantime, we continue with private hires from external businesses and public sector bodies, as well as the Home Office's 'VTU' programme until 31 March 2025 until the sale of the Peace Centre is concluded.
Pre-existing contracts such as the 3 year 'Tim Parry Scholarship' programme in conjunction with the Irish Government's Department of Foreign Affairs Reconciliation Fund to work with young people from ROI, NI and GB, face to face and online, has been terminated part way through the final year of the 3 year programme.
Diversifying and expanding income streams has been a key priority to avoid an over-reliance on any single source of income, but from 2022, securing new and/or repeat business has been a constant challenge, despite commissioning new programmes, including:
1) Funding from Police forces in Cheshire and Merseyside to deliver preventative work to young people.
2) Local Authority commissions for 'Holding Difficult Conversations'.
3) The Home Office contract for £62,500 to cover the costs of the Victims of Terrorism Unit programme from October 2024 to March 2025.
Other sources of funding have been sought, but it has been very challenging to generate new commissions.
The Board had extensive discussions during 2024 about the going concern status of the Foundation and solutions going forward. Lengthy discussions with Warrington Borough Council and the NSPCC, have led to an agreement to sell the Peace Centre for £1.34m, less legal / admin fees. It is expected that the sale of the Centre will be completed by March 2025.
The current economic conditions in the country and across the charity sector have led to a review of the charity as a going concern and it has been agreed by the Board to wind down the charity in its current form and, in its place, with its share of the proceeds of the sale of the Peace Centre, change its operating model from being a grant seeking organisation, to a grant making organisation.
Going concern
The charity meets its day-to-day working capital requirements through its cash resources. The current economic conditions in the Country and across the charity sector continue to create uncertainty over the level of funding available for the charity's programmes,particularly from central government and there is uncertainty over the timing of a successful sale of the Peace Centre. The Trustees have prepared forecast and projections to March 2026, which show that the charity should be able to operate within the level of its cash resources. The projections have been prepared assuming that the sale of the Peace Centre completes and the cash proceeds are received in March 2025 and also a downside scenario which assumes a sale post January 2026. Under either scenario, the projections show that the charitable company should have adequate resources to meet its financial obligations for at least 12 months from the date of signing the financial statements. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball
Foundation Ltd (Registered number: 03042409)
Report of the Trustees for the year ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
As set out in the Articles of Association, the Chair of Trustees is nominated by the Trustee Board. Up to 15 Trustees can sit on the Board at any one time. Trustees are appointed on an initial two-year basis, after which they can stand for re-election. Board membership is currently 10 trustees. When there are vacancies tor Trustee positions or when the Board consider that there is a particular skill set that would be of benefit, the Foundation seeks new Trustees. Interested parties are asked to forward their CV to the Chairman. The Chairman and Chief Executive then review the CVs and those who have skills which would add to the makeup of the Board are invited for discussion. Following discussion, the Chairman circulates details of the proposed trustee to the Board and a vote is taken at the next board meeting as to whether to accept the applicant.
Induction and training of new trustees
New Trustees undergo an induction process to provide them with details of the aims and objectives of the Foundation. They are also provided with the Memorandum and Articles of Association, the business strategy, details of our programmes and most recent reports and accounts. Trustees are also provided with a copy of the National Council for Voluntary Organisations (NCVO) Good Trustee Guide. An annual review process in relation to Board of Trustees effectiveness has now been established to support training and identify skills gaps.
Sub-committees of the Board of Trustees
The Finance Sub-committee reviews key financial documents, such as monthly accounts and annual budgets, and makes recommendations to the Board of Trustees.
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd (Registered number: 03042409)
Report of the Trustees for the year ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The Trustee Board administers the charity and meets every 8 weeks. A Chief Executive is appointed by the Trustees to oversee and promote the activities of the Foundation. To facilitate effective operations, the Chief Executive has delegated authority from the Trustee Board to propose strategy and deal with governance matters. The Chief Executive may appoint a Leadership Team, which guides the execution of the business plan as well as undertaking risk management and day-to-day oversight of the operations of the charity and company. To this end, the Board approved a proposal from the CEO, to create the new position of Business Development Manager and a successful appointment has been made.
To deliver its programmes, the Foundation employs an in-house team, supplemented by a professional associate network. The delivery teams are supported by a back-office team providing operational, HR and finance support. The Peace Centre building is privately hired by other charities and businesses for its use as a safe and adaptable space.
Programme governance
Each major programme is governed by a Programme Management Team member to oversee all projects and their relationships with funders. The status and financial performance of each programme is reported to every Board meeting, and formal programme reviews are held every three months involving all programme team members.
The Foundation receives grants from European, Central and Local UK Government; however, its independence is paramount, and it ensures that any 'grant funding' relationship does not compromise its independence.
Communications
Although the Foundation increased its media and new media presence, with the appointment of a Marketing Manager, a new website, Twitter feed(s), LinkedIn and Facebook pages and numerous other social media activity, there was no significant upturn in business activity or income.
Strategic partnerships
The Foundation, whilst being independent, holds regular dialogue with Government to understand direction and influence policy. The Foundation is a recognised 'Prevent' service provider under framework and grant agreements.
The Foundation maintains relationships with UK Government Departments, such as the Home Office and the Northern Ireland Office, the Irish Government's Department of Foreign Affairs as well as Police and Crime Commissioners. Politically, the Foundation is non aligned and has worked with successive UK Governments since its formation in 1995. We remain independent and engage with members and representatives of all political parties.
Furthermore, the Foundation maintains positive relationships with other like-minded organisations, such as the NHS and many Councils, including Liverpool, Manchester, Bradford, Blackburn with Darwen, Leeds, Lancashire County Council, Greater London Authority, Greater Manchester Combined Authority and many towns, and Boroughs.
Data Capture, Retention and Use
A data management system is in use 'Monday' (CRM) as well as other online tools. Files are stored securely, either in the cloud using Office 365 software, or on a shared drive with folders structured to give user specific password-protected access. The Foundation is registered with the information Commissioner's Office and is compliant with the requirements of the General Data Protection Regulations.
Related parties
The objective of the charity's wholly owned subsidiary, the Tim Parry Johnathan Ball Peace Centre Ltd. is to generate income from room hires in the building.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03042409 (England and Wales)
Registered Charity number
1048990
Registered office
Peace Drive Great Sankey Warrington Cheshire WA5 1HQ
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd (Registered number: 03042409)
Report of the Trustees for the year ended 31 March 2024
Trustees
W Parry OBE K A Daly G D Jenkins G T Boldsworth N J Baseley S Frediani J E C McRedmond A Smith A Bacon (appointed 27.4.23) J M Littler (appointed 4.7.23) P M Tremain (appointed 1.2.24) (resigned 17.10.24)
Auditors
Bennett Brooks & Co Limited Chartered Accountants & Statutory Auditors St George's Court Winnington Avenue Northwich Cheshire CW8 4EE
CEO
Former Chairperson, C Parry has continued in his role as Chief Executive Officer in the year.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Tim Parry Johnathan Ball Foundation Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
18-Jan-2025
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..............................................................................
W Parry OBE - Trustee
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Report of the Independent Auditors to the Members of Tim Parry Johnathan Ball Foundation Ltd
Opinion
We have audited the financial statements of Tim Parry Johnathan Ball Foundation Ltd (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Report of the Independent Auditors to the Members of Tim Parry Johnathan Ball Foundation Ltd
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to UK tax legislation and regulations which govern the preparation of financial statements, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue, through management bias in manipulation of accounting estimates or accounting for significant transactions outside the normal course of business.
Audit procedures performed included:
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Enquiry of management around actual and potential litigation and claims and instances of non-compliance with laws and regulations;
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Auditing the risk of management override of controls, through testing journal entries and other adjustments for appropriateness, testing accounting estimates (because of the risk of management bias), and evaluating the business rationale of significant transactions outside the normal course of business;
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Reviewing financial statement disclosures and agreeing to supporting documentation to assess compliance with applicable laws and regulations.
There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Jason Leach (Senior Statutory Auditor) for and on behalf of Bennett Brooks & Co Limited Chartered Accountants & Statutory Auditors St George's Court Winnington Avenue Northwich Cheshire CW8 4EE 20-Jan-2025 Date: .............................................
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 29,298 Charitable activities 5 Charitable activities - Investment income 4 43,478 Total 72,776 EXPENDITURE ON Raising funds Other trading activities 6 7,602 7,602 Charitable activities 7 Charitable activities 306,502 Total 314,104 NET INCOME/(EXPENDITURE) (241,328) Transfers between funds 18 (13,779) Net movement in funds (255,107) RECONCILIATION OF FUNDS Total funds brought forward 1,132,893 TOTAL FUNDS CARRIED FORWARD 877,786 |
Restricted funds £ - 231,721 - 231,721 - - 238,585 238,585 (6,864) 13,779 6,915 3,327 10,242 |
2024 Total funds £ 29,298 231,721 43,478 304,497 7,602 7,602 545,087 552,689 (248,192) - (248,192) 1,136,220 888,028 |
2023 Total funds £ 646,466 281,694 36,836 |
|---|---|---|---|
| 964,996 | |||
| 7,454 | |||
| 7,454 484,957 |
|||
| 492,411 | |||
| 472,585 - |
|||
| 472,585 663,635 |
|||
| 1,136,220 |
The notes form part of these financial statements
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd (Registered number: 03042409)
Balance Sheet 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible assets | 13 | 6,598 | - | 6,598 | - |
| Tangible assets | 14 | 603,246 | - | 603,246 | 552,844 |
| Investments | 15 | 5 | - | 5 | 5 |
| 609,849 | - | 609,849 | 552,849 | ||
| CURRENT ASSETS | |||||
| Debtors | 16 | 17,007 | 20,898 | 37,905 | 30,973 |
| Cash at bank | 319,210 | 78,588 | 397,798 | 664,760 | |
| 336,217 | 99,486 | 435,703 | 695,733 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 17 | (68,280) | (89,244) | (157,524) | (112,362) |
| NET CURRENT ASSETS | 267,937 | 10,242 | 278,179 | 583,371 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES | 877,786 | 10,242 | 888,028 | 1,136,220 |
| NET ASSETS | 877,786 | 10,242 | 888,028 | 1,136,220 | |
| FUNDS | 18 | ||||
| Unrestricted funds | 877,786 | 1,132,893 | |||
| Restricted funds | 10,242 | 3,327 | |||
| TOTAL FUNDS | 888,028 | 1,136,220 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
18-Jan-2025 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. 9F793CD892DA420... W Parry OBE - Trustee
The notes form part of these financial statements
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Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Cash Flow Statement for the year ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (243,901) | 515,233 |
| Interest paid | (247) | (366) | |
| Net cash (used in)/provided by operating activities | (244,148) | 514,867 | |
| Cash flows from investing activities | |||
| Purchase of intangible fixed assets | (7,470) | - | |
| Purchase of tangible fixed assets | (51,473) | (487) | |
| Sale of tangible fixed assets | 651 | 1,400 | |
| Interest received | 5,714 | 1,038 | |
| Dividends received | 29,764 | 23,798 | |
| Net cash (used in)/provided by investing activities | (22,814) | 25,749 | |
| Change in cash and cash equivalents in the | |||
| reporting period | (266,962) | 540,616 | |
| Cash and cash equivalents at the beginning of | |||
| the reporting period | 664,760 | 124,144 | |
| Cash and cash equivalents at the end of the | |||
| reporting period | 397,798 | 664,760 |
The notes form part of these financial statements
Page 11
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Cash Flow Statement for the year ended 31 March 2024
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Profit on disposal of fixed assets Interest received Interest paid Dividends received (Increase)/decrease in debtors Increase in creditors Net cash (used in)/provided by operations |
2024 £ (248,192) 1,337 (44) (5,714) 247 (29,764) (6,933) 45,162 (243,901) |
2023 £ 472,585 18,136 (1,369) (1,038) 366 (23,798) 5,495 44,856 |
| 515,233 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.23 | Cash flow | At 31.3.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 664,760 | (266,962) | 397,798 |
| 664,760 | (266,962) | 397,798 | |
| Total | 664,760 | (266,962) | 397,798 |
The notes form part of these financial statements
Page 12
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements for the year ended 31 March 2024
1. STATUTORY INFORMATION
The Tim Parry Johnathan Ball Foundation Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number, registered charity number and registered office can be found in the Reference and Administrative Details section of the Report of the Trustees.
The presentation currency of the financial statements is Pounds Sterling (£) and transactions are rounded to the nearest £.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The Tim Parry Johnathan Ball Foundation Ltd meets the definition of a public benefit entity under FRS102.
The financial statements contain information about Tim Parry Johnathan Ball Foundation Ltd as an individual charity and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006, and appendix 3 of the Charities SORP (FRS 102) from the requirement to prepare consolidated financial statements.
Going concern
The charity meets its day-to-day working capital requirements through its cash resources. The current economic conditions in the Country and across the charity sector continue to create uncertainty over the level of funding available for the charity's programmes,particularly from central government and there is uncertainty over the timing of a successful sale of the Peace Centre. The Trustees have prepared forecast and projections to March 2026, which show that the charity should be able to operate within the level of its cash resources. The projections have been prepared assuming that the sale of the Peace Centre completes and the cash proceeds are received in March 2025 and also a downside scenario which assumes a sale post January 2026. Under either scenario, the projections show that the charitable company should have adequate resources to meet its financial obligations for at least 12 months from the date of signing the financial statements. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
Critical accounting judgements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
a. Key accounting estimates and assumptions
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts assets and liabilities within the next financial year are addressed below
i. Recoverable amount of freehold property
Annually, the charity considers whether fixed assets are impaired, specifically the freehold property. Where an indication of impairment is identified the estimation of the recoverable value requires estimation of the recoverable value of the property. This requires estimation of the future cash flows from the sales of the building.The trustees can foresee no reasonably possible scenario which would see the recoverable amount to be lower than the higher of fair value less costs to sell and value in use.
In the year to 31 March 2023 the carrying value of the freehold property was impaired to its recoverable amount, calculated by reference to the fair value less costs to sell.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. All income is derived from ordinary activities and stated after trade discounts, any sales taxes.
Goods and services donated to the charity are recognised as both income and expenditure in the Statement of Financial Activities at their estimated market value.
continued...
Page 13
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
2. ACCOUNTING POLICIES - continued
Income
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.When there are specific performance conditions which have not been satisfied, the income is deferred.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over its estimated useful life of 5 years.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
| Freehold property | - 2% on cost |
|---|---|
| Fixtures and fittings | - 25% on reducing balance |
| Computer equipment | - 33% on cost |
Land is not depreciated.
At the year-end, the charity assesses whether there is an indication that the tangible fixed assets may be impaired. If there is an indication that an asset is impaired, then it’s recoverable amount is estimated, with an impairment loss recognised if the recoverable amount is less than its carrying amount. The recoverable amount is the higher of its fair value less costs to sell the asset and its value in use.
In view of the ongoing negotiations to sell the land and buildings, an impairment review was performed in the prior year and the carrying value reduced to its recoverable amount, calculated by reference to the fair value less costs to sell. Impairment losses are recognised as expenditure in the statement of financial activities and charged to the heading under which the asset is deployed.
Fixed asset investments
Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment.
Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds (including both general and designated funds) can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The various restricted funds disclosed in these financial statements relate to the different strands of work which the charity undertakes.
continued...
Page 14
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
2. ACCOUNTING POLICIES - continued
Fund accounting
The transfers between funds represent reallocation of general fund expenditure undertaken on behalf of restricted fund activities.
Fixed Assets, including any movements in the year, have been disclosed separately by means of the Designated fund.
Management and administration expenditure
Staff costs and overheads are allocated to activities on the basis of project budgets.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand and cash held with banks.
Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
3.
DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations Donated services and facilities |
2024 £ 22,319 6,979 29,298 |
2023 £ 639,730 6,736 |
| 646,466 |
Donated goods and services in the year represents donations of accountancy and insurance services.
| 4. INVESTMENT INCOME Rents received Shares in group undertakings Deposit account interest All investment income is UK income. 5. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Charitable activities 6. OTHER TRADING ACTIVITIES Purchases Bad debts Computer costs Interest payable and similar charges |
2024 £ 8,000 29,764 5,714 43,478 2024 £ 231,721 2024 £ 517 - 6,838 247 7,602 |
2023 £ 12,000 23,798 1,038 36,836 2023 £ 281,694 |
2023 £ 12,000 23,798 1,038 |
2023 £ 12,000 23,798 1,038 |
|---|---|---|---|---|
| 36,836 | ||||
| 2023 £ 1,147 160 5,781 366 |
||||
| 7,454 |
Page 15
continued...
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
7. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Support | |||
| Direct | costs (see | ||
| Costs | note 8) | Totals | |
| £ | £ | £ | |
| Charitable activities | 541,087 | 4,000 | 545,087 |
| SUPPORT COSTS | |||
| Governance | |||
| costs | |||
| £ | |||
| Charitable activities | 4,000 | ||
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Auditors' remuneration | 4,000 | 4,000 | |
| Depreciation - owned assets | 464 | 18,137 | |
| Surplus on disposal of fixed assets | (44) | (1,369) | |
| Development costs amortisation | 872 | - |
8. SUPPORT COSTS
9. NET INCOME/(EXPENDITURE)
10. TRUSTEES' REMUNERATION AND BENEFITS
Mrs W Parry, who is a trustee of the charity, received remuneration from the charity of £35,750 (2023: £31,208) as an employee as authorised by the Charity Commission.
Trustees' expenses
The trustees of the charity were reimbursed £Nil (2023: £15) for travel costs incurred in the year as part of their work for the charity.
11. STAFF COSTS
The average number of employees is as follows:
| Description | 2024 | 2023 |
|---|---|---|
| No. | No. | |
| Fundraising | 1 | 1 |
| Programme delivery | 4 | 4 |
| Unrestricted | 5 | 4 |
| Centre | - | 2 |
| Total | 10 | 11 |
| Staff costs before reimbursements from other parties: | ||
| 2024 | 2023 | |
| £ | £ | |
| Gross wages | 327,574 | 260,431 |
| Social security costs | 31,784 | 24,090 |
There were no employees earning a salary in excess of £60,000 in either year.
Remuneration for key management personnel totalled £50,750 (2023 £79,510).
Page 16
continued...
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 646,466 Charitable activities Charitable activities - Investment income 36,836 Total 683,302 EXPENDITURE ON Raising funds Other trading activities 7,454 7,454 Charitable activities Charitable activities 204,629 Total 212,083 NET INCOME 471,219 RECONCILIATION OF FUNDS Total funds brought forward 661,674 TOTAL FUNDS CARRIED FORWARD 1,132,893 13. INTANGIBLE FIXED ASSETS COST Additions AMORTISATION Charge for year NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
Restricted Total funds funds £ £ - 646,466 281,694 281,694 - 36,836 281,694 964,996 - 7,454 - 7,454 280,328 484,957 280,328 492,411 1,366 472,585 1,961 663,635 3,327 1,136,220 Development costs £ 7,470 872 6,598 - |
Total funds £ 646,466 281,694 36,836 |
|---|---|---|
| 964,996 | ||
| 7,454 | ||
| 7,454 484,957 |
||
| 492,411 | ||
| 472,585 663,635 |
||
| 1,136,220 |
continued...
Page 17
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
14. TANGIBLE FIXED ASSETS
| COST At 1 April 2023 Additions Disposals At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
Freehold property £ 1,951,350 50,879 - 2,002,229 1,399,882 - - 1,399,882 602,347 551,468 |
Fixtures and fittings £ 77,945 - (5,749) 72,196 76,998 236 (5,142) 72,092 104 947 |
Computer equipment £ 10,447 594 - 11,041 10,018 228 - 10,246 795 429 |
Totals £ 2,039,742 51,473 (5,749) |
|---|---|---|---|---|
| 2,085,466 | ||||
| 1,486,898 464 (5,142) |
||||
| 1,482,220 | ||||
| 603,246 | ||||
| 552,844 |
The Freehold property is jointly owned by the Tim Parry Johnathan Ball Foundation and the NSPCC. The total cost of the land & building is £3,481,830. Included in the total cost of the land & buildings was a gift in kind of £500,000 of the land to the charity.
As stated in the Trustees Report, negotiations are ongoing with regard to the sale of the Peace Centre. An impairment review was performed in the prior year, and the freehold property written down to its recoverable amount, based upon the fair value less costs to sell, which include the costs for the removal of the covenant with Homes England which were paid in the year.
15. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Unlisted | |
| investments | |
| £ | |
| COST LESS IMPAIRMENT | |
| At 1 April 2023 and 31 March 2024 | 5 |
| NET BOOK VALUE | |
| At 31 March 2024 | 5 |
| At 31 March 2023 | 5 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Tim Parry Johnathan Ball Peace Centre Limited:
Nature of business: Fundraising and Room Hire
| Nature of business: Fundraising and Room Hire | ||
|---|---|---|
| % | ||
| Class of share: holding |
||
| Ordinary 100 |
||
| 2024 | 2023 | |
| £ | £ | |
| Aggregate capital and reserves | 5 | 5 |
| Profit(Loss) for the year | 29,764 | 23,798 |
continued...
Page 18
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Amounts owed by group undertakings Prepayments and accrued income CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accrued expenses and deferred income |
2024 £ 4,998 12,479 20,428 37,905 2024 £ 23,167 9,536 - 124,821 157,524 |
2023 £ 6,893 8,472 15,608 |
|
|---|---|---|---|
| 30,973 | |||
| 2023 £ 25,564 8,708 8,800 69,290 |
|||
| 112,362 |
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Deferred income includes amounts received prior to the year end to be utilised in future projects, and where the terms and conditions had not been entirely satisfied at year end. An analysis of this can be found below:
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Amounts relating to future projects | 85,943 | 41,851 | ||||
| Total deferred income | 85,943 | 41,851 | ||||
| MOVEMENT IN FUNDS Unrestricted funds General fund Designated funds Restricted funds Other Projects - Prevention Resolve TOTAL FUNDS |
At 1.4.23 £ 581,425 551,468 1,132,893 1,402 1,925 3,327 1,136,220 |
Net movement in funds £ (241,328) - (241,328) (6,714) (150) (6,864) (248,192) |
Transfers between funds £ (64,658) 50,879 (13,779) 13,954 (175) 13,779 - |
At 31.3.24 £ 275,439 602,347 877,786 8,642 1,600 10,242 888,028 |
18. MOVEMENT IN FUNDS
continued...
Page 19
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
18. 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 | 72,776 | (314,104) | (241,328) |
| Restricted funds | |||
| Other Projects - Prevention | 64,246 | (70,960) | (6,714) |
| Department of Foreign Affairs Reconciliation | |||
| Fund | 40,126 | (40,126) | - |
| Resolve | 2,350 | (2,500) | (150) |
| Home Office Victims of Terrorism Unit | 124,999 | (124,999) | - |
| 231,721 | (238,585) | (6,864) | |
| TOTAL FUNDS | 304,497 | (552,689) | (248,192) |
Comparatives for movement in funds
| Net | |||||
|---|---|---|---|---|---|
| movement | |||||
| At 1.4.22 | in funds | At 31.3.23 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 95,853 | 485,572 | 581,425 | ||
| Designated funds | 565,821 | (14,353) | 551,468 | ||
| 661,674 | 471,219 | 1,132,893 | |||
| Restricted funds | |||||
| Other Projects - Prevention | 1,729 | (327) | 1,402 | ||
| Survivors Assistance Network | 232 | (232) | - | ||
| Resolve | - | 1,925 | 1,925 | ||
| 1,961 | 1,366 | 3,327 | |||
| TOTAL FUNDS | 663,635 | 472,585 | 1,136,220 |
continued...
Page 20
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 683,302 | (197,730) | 485,572 |
| Designated funds | - | (14,353) | (14,353) |
| 683,302 | (212,083) | 471,219 | |
| Restricted funds | |||
| Other Projects - Prevention | 101,000 | (101,327) | (327) |
| Survivors Assistance Network | 20,836 | (21,068) | (232) |
| Department of Foreign Affairs Reconciliation | |||
| Fund | 31,108 | (31,108) | - |
| Resolve | 3,750 | (1,825) | 1,925 |
| Home Office Victims of Terrorism Unit | 125,000 | (125,000) | - |
| 281,694 | (280,328) | 1,366 | |
| TOTAL FUNDS | 964,996 | (492,411) | 472,585 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated funds Restricted funds Other Projects - Prevention Survivors Assistance Network Resolve TOTAL FUNDS |
At 1.4.22 £ 95,853 565,821 661,674 1,729 232 - 1,961 663,635 |
Net movement in funds £ 244,244 (14,353) 229,891 (7,041) (232) 1,775 (5,498) 224,393 |
Transfers between funds £ (64,658) 50,879 (13,779) 13,954 - (175) 13,779 - |
At 31.3.24 £ 275,439 602,347 |
|---|---|---|---|---|
| 877,786 8,642 - 1,600 |
||||
| 10,242 | ||||
| 888,028 |
continued...
Page 21
Docusign Envelope ID: A5FD9BB5-BCCD-47BB-B5F1-F5371292299A
Tim Parry Johnathan Ball Foundation Ltd
Notes to the Financial Statements - continued for the year ended 31 March 2024
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 756,078 | (511,834) | 244,244 |
| Designated funds | - | (14,353) | (14,353) |
| 756,078 | (526,187) | 229,891 | |
| Restricted funds | |||
| Other Projects - Prevention | 165,246 | (172,287) | (7,041) |
| Survivors Assistance Network | 20,836 | (21,068) | (232) |
| Department of Foreign Affairs Reconciliation | |||
| Fund | 71,234 | (71,234) | - |
| Resolve | 6,100 | (4,325) | 1,775 |
| Home Office Victims of Terrorism Unit | 249,999 | (249,999) | - |
| 513,415 | (518,913) | (5,498) | |
| TOTAL FUNDS | 1,269,493 | (1,045,100 ) | 224,393 |
There were transfers between unrestricted general and restricted funds in the year to match the funds to the funding documents and also to account for resources expended from the general fund in relation to restricted projects.
19. RELATED PARTY DISCLOSURES
The charity holds an investment in a wholly owned subsidiary, The Tim Parry Johnathan Ball Peace Centre Limited. At the balance sheet date within debtors was a balance owed to the charity of £12,479 (2023 balance owed from the charity of £8,472).
During the year the charity received rental income totalling £8,000 (2023: £12,000) from a company that G T Boldsworth (a trustee) is also a director of.
Page 22