CHARITY REGISTRATION NUMBER: 1065033
Paul's Place
Unaudited Financial Statements
31 December 2022
Sue Carter FCA DChA Make Your Figures Count Limited Chartered Accountants 17 Clan House Sydney Road Bath BA2 6NS
Paul's Place
Financial Statements
Year ended 31 December 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
Paul's Place
Trustees' Annual Report
Year ended 31 December 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2022.
Reference and administrative details
| Registered charity name | Paul's Place |
|---|---|
| Charity registration number | 1065033 |
| Principal office | Serridge Lane |
| Coalpit Heath | |
| Bristol | |
| BS36 2TT | |
| The trustees | Steven Howells |
| Katherine Francis | |
| Nicole Beebee | |
| Gillian Sutcliffe | |
| Azeem Haroon | |
| Jane Hill | |
| Jill Jefferies | |
| Richard Fackrell | |
| Independent examiner | Sue Carter FCA DChA |
| Make Your Figures Count Limited | |
| Chartered Accountants | |
| 17 Clan House | |
| Sydney Road | |
| Bath | |
| BA2 6NS |
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Paul's Place
Trustees' Annual Report (continued)
Year ended 31 December 2022
Structure, governance and management
Paul's Place is an unincorporated charity registered on 27 October 1997 and governed by its constitution which was last updated in November 2013.
Objectives and activities
The charity's objects are to provide education, life-skills, sports, social and recreational activities, together with practical support and advice, for physically, sensory and cognitively impaired adults, and their carers, in South Gloucestershire and the surrounding counties but on 1 January 2020 all assets and liabilities of Paul's Place were transferred to Paul's Place (South West), a charitable company limited by guarantee and not having a share capital and whose objects are the same as those of Paul's Place.
Achievements and performance
Following the transfer of the charity's assets and liabilities to Paul's Place (South West) the charity has continued to operate its bank account in order to receive any donations or legacies given to Paul's Place. Such income is then donated to Paul's Place (South West).
Financial review
During the year the charity received the second distribution of a legacy which amounted to £40,000 and donated to Paul's Place (South West) the amount of the legacy which had been received in the previous year, namely £100,000.
The trustees' annual report was approved on 16 October 2023 and signed on behalf of the board of trustees by:
Steven Howells Trustee
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Paul's Place
Independent Examiner's Report to the Trustees of Paul's Place
Year ended 31 December 2022
I report to the trustees on my examination of the financial statements of Paul's Place ('the charity') for the year ended 31 December 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sue Carter FCA DChA Independent Examiner
Make Your Figures Count Limited Chartered Accountants 17 Clan House Sydney Road Bath BA2 6NS
17 October 2023
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Paul's Place
Statement of Financial Activities
Year ended 31 December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 40,000 | 40,000 | 100,130 |
| Investment income | 5 | 106 | 106 | 2 |
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| Total income | 40,106 | 40,106 | 100,132 | |
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| Expenditure | ||||
| Expenditure on charitable activities | 6 | 100,000 | 100,000 | – |
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| Total expenditure | 100,000 | 100,000 | – | |
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| Net (expenditure)/income and net movement in funds | (59,894) | (59,894) | 100,132 | |
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| Reconciliation of funds | ||||
| Total funds brought forward | 100,132 | 100,132 | – | |
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| Total funds carried forward | 40,238 | 40,238 | 100,132 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 8 form part of these financial statements.
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Paul's Place
Statement of Financial Position
31 December 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 40,238 | 100,132 | |
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| Net current assets | 40,238 | 100,132 | |
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| Total assets less current liabilities | 40,238 | 100,132 | |
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| Funds of the charity | |||
| Unrestricted funds | 40,238 | 100,132 | |
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| Total charity funds | 10 | 40,238═══════ |
100,132═════════ |
These financial statements were approved by the board of trustees and authorised for issue on 16 October 2023, and are signed on behalf of the board by:
Steven Howells Trustee
The notes on pages 6 to 8 form part of these financial statements.
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Paul's Place
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Serridge Lane, Coalpit Heath, Bristol, BS36 2TT.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The financial statements have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair view". This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- legacy income is recognised when there is evidence of entitlement to the legacy, receipt is probable and its amount can be measured reliably.
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Paul's Place
Notes to the Financial Statements (continued)
Year ended 31 December 2022
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on charitable activities is the donation to Paul's Place (South West) of any legacies or donations received by the charity. The costs relating to the governance of the charity are being met by Paul's Place (South West).
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | – | – | 130 | 130 |
| Legacies | ||||
| Legacy | 40,000 | 40,000 | 100,000 | 100,000 |
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|
40,000═══════ |
40,000═══════ |
100,130═════════ |
100,130═════════ |
5. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 106 | 106 | 2 | 2 |
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| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donation to Paul's Place (South West) | 100,000 | 100,000 | – | – |
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6. Expenditure on charitable activities by fund type
7. Independent examination fees
The fee of £600 for the preparation and Independent Examination of these accounts will be met by Paul’s Place (South West).
8. Staff costs
The charity did not employ any staff during the current or previous year.
9. Trustee remuneration and expenses
No remuneration or reimbursement of expenses were paid to any trustees during the current and previous year.
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Paul's Place
Notes to the Financial Statements (continued)
Year ended 31 December 2022
10. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 1 Jan 2022 | Income | ExpenditureAt 31 Dec 2022 | ||
| £ | £ | £ | £ | |
| General funds | 100,132 | 40,106 | (100,000) | 40,238 |
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|
| At 1 Jan 2021 | Income | Expenditure At 31 Dec 2021 | ||
| £ | £ | £ | £ | |
| General funds | – | 100,132 | – | 100,132 |
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|
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| £ | £ | |||
| Current assets | 40,238 | 40,238 | ||
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| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| £ | £ | |||
| Current assets | 100,132 | 100,132 | ||
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11. Analysis of net assets between funds
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