## **Trustees’ Annual Report for the period**
**From 1 April 2020 To 31 March 2021**
**Charity name: The Friends of George Whitefield College**
## **Charity registration number: 1053480**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To advance the education of the students**
**attending the George Whitefield College**
**(a theological college of the Reformed**
**Evangelical Anglican Church of South**
**Africa)**|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**Fundraising in the UK in order to make**
**donations to the College in South Africa.**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees have had regard to the**
**guidance issued by the Charity**
**Commission on public benefit.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
**----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
|**Achievements and Performance**|**Achievements and Performance**|**Achievements and Performance**|
|---|---|---|
|SORP reference|||
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**In the year ended 31 March 2021 the**
**charity’s receipts, totalling £282,751**
**(prior year £245,876), came from**
**individuals, companies and UK charities**
**to support the education of students at**
**George Whitefield College.**
**The College continues to train students**
**from Southern Africa, wider Africa and, in**
**smaller numbers, from elsewhere in the**
**world.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
||||
|Achievements against
objectives set|Para 1.41||
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**At the year-end a balance of £73,207**
**(prior year £83,850) remained in the**
**charity’s bank account and is likely to be**
**donated to the College in the next year.**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Reserves held tend to reflect the timing**
**differences between fundraising receipts**
**and the decisions to make donations.**|
|Amount of reserves held|Para 1.22||
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23||
## **Additional information (optional)** You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust Deed dated 19 February 1996**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Standard registration**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25||
**Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
||||
|Policies and procedures
adopted for the induction and
training of trustees|Para 1.51||
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name The Friends Of George Whitefield College
Other name the charity uses
Registered charity number 1053480
Charity’s principal address 4 The Conifers, Maidenhead, SL6 5FB
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Reverend John Chair
1
Nicholas Hamilton
Stephen Hofmeyr
2
QC
3 Warren Trask
4 James Ainscough Secretary
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
– Corporate trustees names of the directors at the date the report was approved
## **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** James Ainscough **Position (eg Secretary,** Secretary **Chair, etc) Date** 18 April 2021
**----- Start of picture text -----**
The Friends of George Whitefield Charity No 1053480
College Company No
Annual accounts for the period
Period end
Period start date 01/04/2020 To 31/03/2021
date
**----- End of picture text -----**
## **Section A Statement of financial activities (including summary income and expenditure account)**
|Guidance Note
S01
S02
S03
S04
S05
S06
S07
**Expenditure (Notes 6)**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
Charitable activities
Total funds brought forward
Gains and losses on revaluation of fixed assets for the
charity’s own use
Charitable activities
Separate material expense item
Donations and legacies
**_Total_**
**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
Investments
Other trading activities
**_Net movement in funds_**
**Other recognised** **gains/(losses):**
**Net income/(expenditure) before tax for**
**the reporting period**
Raising funds
Separate material item of income
Other
Other|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03
282,749
-
-
-
-
-
-
-
-
2
-
-
-
-
-
-
-
-|
**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05
282,749
245,870
-
-
-
-
2
6
-
-
-
-|
|---|---|---|
||282,751
-
-|282,751
245,876|
||-
-
-
293,394
-
-
-
-
-|-
-
293,394
166,081
-
-|
||293,394
-
-|293,394
166,081|
||||
||10,643
-
-
-|10,643
-
79,795|
||-
-
-|-
-|
||10,643
-
-
-|10,643
-
79,795|
||-
-
-|-
-|
||10,643
-
-
-|10,643
-
79,795|
||-
-
-
-
-
-
-
-
-
-
-
-|-
-
-
-
-
-
-|
||10,643
-
-
-|10,643
-
79,795|
||83,850
-
-|83,850
4,055|
||73,207
-
-|73,207
83,850|
1053480
The Friends of George Whitefield Charity No College Company No
## **Section B Balance sheet**
|**Section B Balance**|**sheet**||||
|---|---|---|---|---|
|Guidance Note
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22|**Unrestricted**
**funds**
**£**
F01
-
-
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
-
-
-
-
-
-
- -|**Total last**
**year**
**£**
F05|
|||||-
-
-
-|
||-|-|-
-|-|
||-
-
-
73,207|-
-
-
-|-
-
- -
-
-
- 73,207||
|||||-
-
-
83,850|
||73,207|-|-
73,207|83,850|
|||||-|
||-|-|- -||
||||||
||73,207|-|-
73,207|83,850|
||||||
||73,207|-|**-**
73,207|83,850|
|||||-
-|
||-
-|-
-|- -
-
-||
||||||
||73,207|-|- 73,207|83,850|
||-
73,207|-|-
-
- 73,207
-|-
-
83,850|
||73,207|-|-
73,207|83,850|
_**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_
_**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_
_**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_
_**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_
|Signature of director authenticating accounts being sent to
Companies House
Signed by one or two trustees/directors on behalf of all the
trustees/directors|James Ainscough
Signature
Print Name
James Ainscough|Date of
approval
dd/mm/yyyy
20/05/2021
Date
dd/mm/yyyy
30/01/2022|
|---|---|---|
CC17a (Excel)
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2
**Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
|||||the Statement of Recommended Practice: Accounting and Reporting by Charities|the Statement of Recommended Practice: Accounting and Reporting by Charities|
|---|---|---|---|---|---|
|• and with*||||preparing their accounts in accordance with the Financial Reporting Standard applicable||
|||||in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014||
|• and with*||||the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102)||
|• and with the Charities|||Act 2011.|||
|The charity constitutes a public benefit entity as defined by||||||
|FRS 102.*||||||
* -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support _**Not applicable**_ the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
**----- Start of picture text -----**
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; Not applicable
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
Not applicable
periods before those presented, 3.44 FRS102 SORP.
**----- End of picture text -----**
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes*
* -Tick as appropriate
CC17a (Excel)
29/01/2022
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Tick as appropriate No*
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of any changes;_**|Not applicable|
|**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|Not applicable|
|**_(iii) where practicable, the effect of the change in one or_**||
|**_more future periods._**||
||Not applicable|
**----- Start of picture text -----**
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the prior period error; Not applicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
Not applicable
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.
Not applicable
**----- End of picture text -----**
CC17a (Excel)
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## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
|**PRACTICE**||||
|---|---|---|---|
|**Please provide a description**||||
|**of the nature of each change**||**No changes to describe.**||
|**in accounting policy**||||
|**_Reconciliation of funds per previous GAAP to_**|||**_funds determined under FRS 102_**|
|**Fund balances as previously**
**stated**||**Start of**
**period**
**£**
**_73207_**|**End of**
**period**
**£**
**_83850_**|
|**_Adjustments:_**||**_0_**|**_0_**|
|**Fund balance as restated**||**_73207_**|**_83850_**|
|**_Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102_**||||
|**Net income/(expenditure) as**
**stated**|**previously**||**End of**
**£**
**_-10643_**|
|**_Adjustments:_**|||**_0_**|
|**Previous period net income/(expenditure) as**
**restated**|||**_-10643_**|
CC17a (Excel)
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5
## **Section C Notes to the accounts (cont)**
|**Recognition of income**
**2.2 INCOME**
**Donated goods**
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Donated services and**
**facilities**
**Contractual income and**
**performance related**
**grants**
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
**Government grants**
The charity has received government grants in the reporting period
**Legacies**
**Tax reclaims on**
**donations and gifts**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Income from interest,**
The charity has incurred expenditure on support costs.
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
**Offsetting**
**Grants and donations**
**Note 2 Accounting policies**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources;
the monetary value can be measured with sufficient reliability.
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is included in the accounts when receipt is probable and the amount receivable can|Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*|
|---|---|
CC17 FRS 102 SORP
29/01/2022
6
||**,**|p
p|
|---|---|---|
|**royalties and dividends**||be measured reliably.|
|**Income from membership**||Membership subscriptions received in the nature of a gift are recognised in Donations|
|**subscriptions**||and Legacies.|
|||Membership subscriptions which gives a member the right to buy services or other|
|||benefits are recognised as income earned from the provision of goods and services as|
|||income from charitable activities.|
|**Settlement of insurance**
**claims**||Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.|
|**Investment gains**
**losses**|**and**|This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the|
|||year.|
|**2.3 EXPENDITURE**||**AND LIABILITIES**|
|||Liabilities are recognised where it is more likely than not that there is a legal or|
|**Liability recognition**||constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.|
|**Governance and**|**support**|Support costs have been allocated between governance costs and other support.|
|**costs**||Governance costs comprise all costs involving public accountability of the charity and its|
|||compliance with regulation and good practice.|
|||Support costs include central functions and have been allocated to activity cost|
|||categories on a basis consistent with the use of resources, eg allocating property costs|
|||by floor areas, or per capita, staff costs by the time spent and other costs by their usage.|
|**Grants with performance**||Where the charity gives a grant with conditions for its payment being a specific level of|
|**conditions**||service or output to be provided, such grants are only recognised in the SoFA once the|
|||recipient of the grant has provided the specified service or output.|
|**Grants payable without**||Where there are no conditions attaching to the grant that enables the donor charity to|
|**performance conditions**||realistically avoid the commitment, a liability for the full funding obligation must be|
|||recognised.|
|**Redundancy cost**||The charity made no redundancy payments during the reporting period.|
|**Deferred income**||No material item of deferred income has been included in the accounts.|
|**Creditors**||The charity has creditors which are measured at settlement amounts less any trade
discounts|
|||A liability is measured on recognition at its historical cost and then subsequently|
|**Provisions for liabilities**||measured at the best estimate of the amount required to settle the obligation at the|
|||reporting date|
|**Basic financial**
**instruments**||The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.|
|**2.4 ASSETS**|||
|**Tangible fixed assets for**||These are capitalised if they can be used for more than one year, and cost at least|
|**use by charity**|||
|||They are valued at cost.|
|||The depreciation rates and methods used are disclosed in note 14.|
|||The charity has intangible fixed assets, that is, non-monetary assets that do not have|
|**Intangible fixed assets**||physical substance but are identifiable and are controlled by the charity through custody|
|||or legal rights. The amortisation rates and methods used are disclosed in note 15.|
|||They are valued at cost.|
|||The charity has heritage assets, that is, non-monetary assets with historic, artistic,|
|**Heritage assets**||scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation|
|||rates and methods used as disclosed in note 16.|
|||They are valued at cost.|
|||Fixed asset investments in quoted shares, traded bonds and similar investments are|
|**Investments**||valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be|
|||measured reliably in which case it is measured at cost less impairment.|
|||Investments held for resale or pending their sale and cash and cash equivalents with a|
|||i
d
f l
h
1
d
i|
**----- Start of picture text -----**
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Yes* No* N/a*
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Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
**----- End of picture text -----**
CC17 FRS 102 SORP
29/01/2022
7
maturity date of less than 1 year are treated as current asset investments
**Stocks and work in** Stocks held for sale as part of non-charitable trade are measured at the lower or cost or **progress** net realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors (including trade debtors and loans receivable) are measured on initial **Debtors** recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.
## **Current asset investments**
They are valued at fair value except where they qualify as basic financial instruments.
## **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
|||||
|---|---|---|---|
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
|||||
||Yes*
|No*
|N/a*
|
||Yes*
|No*
|N/a*
|
|||||
||Yes*|No*|N/a*|
|||||
**None**
CC17 FRS 102 SORP
29/01/2022
8
**Section C Notes to the accounts (cont)**
## **Note 3 Income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 255,050 - - 255,050 245,870
and legacies: Gift Aid 27,699 - - 27,699 -
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 282,749 - - 282,749 245,870
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income 2 - - 2 6
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 2 - - 2 6
Separate - - - - -
material item - - - - -
of income - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 282,751 - - 282,751 245,876
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
This year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
Last year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
**----- End of picture text -----**
CC17a (Excel)
29/01/2022
9
## **Section C Notes to the accounts (cont)**
## **Note 6 Expenditure**
**----- Start of picture text -----**
This year Last year
Restricted Restricted
Unrestricted income Endowment Unrestricted income Endowment
Analysis funds funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - - - - -
Operating membership schemes and social
lotteries - - - - - - - -
Staging fundraising events - - - - - - - -
Fudraising agents
- - - - - - - -
Operating charity shops - - - - - - - -
Operating a trading company undertaking
non-charitable trading activity - - - - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating new
source of future income - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - - - - -
Investment management costs:
- - - - - - - -
Portfolio management costs
- - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds - - - - - - - -
Expenditure on charitable activities:
Donations to George Whitefield College 293,394 - - 293,394 166,081 - - 166,081
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total expenditure on charitable activities 293,394 - - 293,394 166,081 - - 166,081
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure - - - - - - - -
TOTAL EXPENDITURE 293,394 - - 293,394 166,081 - - 166,081
**----- End of picture text -----**
CC17a (Excel)
29/01/2022
10
## **Section C Notes to the accounts**
## **Note 10 Details of certain types of expenditure**
## **Note 10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Tax advisory fees**
**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than independent examination**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
CC17a (Excel)
29/01/2022
11
## **Section C Notes to the accounts (cont)**
|**Other**
**Short term deposits**
**Cash at bank and on hand**
**Total**
**Note 24 Cash at bank and in hand**
**Short term cash investments (less than 3 months maturity date)**|**This year**
**Last year**
**£**
**£**
- -
- -
73,207 83,850
- -
73,207 83,850|
|---|---|
CC17a (Excel)
29/01/2022
12
## **Section C Notes to the accounts (cont)**
|**Note 25 Fair value of assets and**
**25.1 Please provide details of the charity's**
**exposure to credit risk (the risk of**
**incurring a loss due to a debtor not paying**
**what is owed) , liquidity risk (the risk of not**
**being able to meet short term financial**
**demands) and market risk (the risk that the**
**value of an investment will fall due to**
**changes in the market) arising from**
**financial instruments to which the charity**
**is exposed at the end of the reporting**
**period and explain how the charity**
**manages those risks.**
**25.2 Please give details of the amount of**
**change in the fair value of basic financial**
**instruments (debtors, creditors,**
**investments (see section 11, FRS 102**
**SORP)) measured at fair value through the**
**SoFA that is attributable to changes in**
**credit risk.**|**liabilities**
None
None
**This year**
**Last year**
None
None|
|---|---|
CC17a (Excel)
29/01/2022
13
**Section C Notes to the accounts (cont)**
## **Note 26 Events after the end of the reporting period**
_**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_
|**Please provide details of the nature of the**
**event**
**Provide an estimate of the financial effect**
**of the event or a statement that such an**
**estimate cannot be made**|
**This year**
**Last year**
None
None
None
None|
|---|---|
CC17a (Excel)
29/01/2022
14
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General funds, ultimately to be applied
General Fund UR 83,850 282,751 - 293,394 - - 73,207
towards supporting the College.
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet 83,850 282,751 - 293,394 - - 73,207
Yes* No*
Fund balances carried forward include assets and liabilities denominated in a foreign currency
If yes, please state the basis on which the assets and/or liabilities have been translated into
sterling (or the currency in which the accounts are drawn up).
**----- End of picture text -----**
CC17a (Excel)
29/01/2022
15
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General funds, ultimately to be applied
General Fund UR 4,055 245,876 - 166,081 - - 83,850
towards supporting the College.
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet 4,055 245,876 - 166,081 - - 83,850
Yes* No*
Fund balances carried forward include assets and liabilities denominated in a foreign currency
**----- End of picture text -----**
CC17a (Excel)
29/01/2022
16
## **Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefits from an TRUE employment with their charity or a related entity (True or False) Last year TRUE None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False)**
_**TRUE**_
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
|**Last year**
**There have been no related party transactions in the reporting period (True or False)**
**There have been no related party transactions in the reporting period (True or False)**|**_TRUE_**
**_TRUE_**|
|---|---|
CC17a (Excel)
29/01/2022
17
CHARITY COMMISSION
. ] FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
THE FRIENDS OF GEORGE WHITEFIELD COLLEGE
On acGounts for the year
8nd8d
31 MARCH 2021
Charity no
(if any
1053480
Set out on pages
1-17
I report to the trustees on my examination of the accounts of the above
charity {"the Trust.) for the year ended 3110312021.
Responsibilities and
basis of report
As the Gharity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
I'the Act")
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carying out my examina*ion, I
have followed all the applicable DireGtions given by the Charity Commission
under section 145{5){b) of the Act.
Independent The charily's gross income exceeded £250,000 and l am qualified to
examiner'8 Statement undertake the examination by being a qualified member of ICAEW.
I have completed my examination. l ¢onfim that no material matters have
come to my attention in connection with the examination which gives me
ause to believe that in, any material respect.
the accounting records were not kept in accordance with section 130
of the Charrties Act,. or
the accounts did not accord with the accounling record5,' or
the accounts did not comply with the applicable requirements
concerning the form and contenl of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other Ihan any requirement
that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection
with the examination to which attention shoLtld be drawn in this report in
order to enable a proper understanding ofthe accounts to be reached.
Signed:
Date:
zi
Name:
FOIL
Relevant professional
qualrfication(sl or body
(if any>:
l GkEW
IER
Oct 2018
Address:
Section B
Disclosure
Only complete If the examiner needs to highlight material matters of Gonrn
{see CC32, Independent examination of charity accounts.. directions and
guidan for examiners).
Give here brief detalls of
any items that the
examiner wlshes to
disclose.
IER
Oct 2018