THE GEORGE COLLER MEMORIAL FUND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
CHARITY NUMBER : 1079269
THE GEORGE COLLER MEMORIAL FUND
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| CONTENTS | Page |
|---|---|
| Legal and Administration | 1 |
| Executive Committee's Report | 2-3 |
| Independent Examiner's Report | 4 |
| Receipts and Payments Account | 5 |
| Balance Sheet | 6 |
| Notes to the Receipts and Payments account | 7 |
| Detailed Statement of Financial Activities | 8-9 |
THE GEORGE COLLER MEMORIAL FUND
LEGAL AND ADMINISTRATION
| Trustees : | K Douglas BEM (Chairman) |
|---|---|
| M Cook (Vice Chairman & Secretary) | |
| H Crosbie (Treasurer) | |
| K Brookes (Deputy Vice Chairman) | |
| J Byng | |
| M Latham | |
| J Norman | |
| L Davis | |
| L Blackburn | |
| H O'Sullivan | |
| T Chatfield | |
| A Dufficy | |
| J Mooney | |
| Patron : | A Townsend |
| International Sporting Personality | |
| Registered Office : | 132 Old Walsall Road |
| Great Barr | |
| Birmingham | |
| B42 1UL | |
| Independent Examiner : | D S Fisher |
| Fisher Business Consulting | |
| 33 Lilac Way | |
| Halesowen | |
| West midlands | |
| B62 9BH | |
| Bank : | HSBC Bank plc |
| P O Box 68 | |
| 130 New Street | |
| Birmingham | |
| B2 4JU |
1
THE GEORGE COLLER MEMORIAL FUND
EXECUTIVE COMMITTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2021
The members of the executive committee, who are the trustees of The George Coller Memorial Fund present their report and the financial statements for the year ended 31 March 2021.
Governing Document
The charity was established under a Trust Deed dated 29 October 1999 as amended by Supplemental Deed of 14 January 2000.
Objectives
The George Coller Memorial Fund was founded following the tragic death of a three year old Birmingham child from undiagnosed asthma, a condition often misunderstood and greatly under resourced.
The main aims of the charity are :
-
(i) To sponsor specialist asthma nurses,
-
(ii) To provide specialist asthma management training to school nurses, school staff and others who work with children on a day to day basis,
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(iii) To purchase equipment for children's hospital wards where funding cannot be found from other sources,
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(iv) To raise awareness of the causes, prevention and treatment of asthma,
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(v) To assist individuals referred by health practitioners by supplying portable baby monitors, special filters, special filter vacuum cleaners, air purifiers and many more pieces of essential equipment beyond the means of the families, and most hospital and clinics.
Achievements and Performance
As we are all too aware circumstances at the end of our last financial year due to Covid severely curtailed normal activities for all of us and, of course, the normal activities for the GCMF relating to our fund raising activities and events. The decision to cancel the ball that would have been held in November 2020 was a blow to all the trustees and our supporters. Although fund raising activities have been restricted we have continued to explore new ways to generate income and the good news is that we exceeded our previous years receipts from fundraising and donations, while our outgoings remain at approximately the same level. Again, it is only thanks to some generous donations that we can continue to meet our commitments and continue to support the many projects that rely on GCMF funding . We have increased our funding to GCMF nurses as we believe that our sponsorship to this project makes a massive difference to the lives of those children who access their services. To conclud, I will once more reiterate the most important message from Kim and the trustees, which is we hope that all our supporters keep themselves safe and well until we come though this difficult time. Our most grateful thanks to those who have managed to provide support to the charity, financially or otherwise.
2
EXECUTIVE COMMITTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2021
THE GEORGE COLLER MEMORIAL FUND
Financial Review
Results
The results of the period's operations are set out in the attached financial statements. The net movement in funds for the year amounted to a decrease of £19,569 (2020: £23,750 decrease) . The retained reserves at 31 March 2021 amounted to £130,773 (2020: £150,342).
Reserves policy
The trustees have examined the charity's requirement for reserves in the light of the main risks to the organisation, and the requirement to maintain sufficient funds to cover the charity's commitment to the ongoing funding of specialist asthma nurses, and other projects.
The charities current commitment to sponsor specialist nurses is forecast to be between £40,000 to £60,000 over the next two years, and the level of reserves is therefore considered to be satisfactory.
Statement of trustees responsibilities
The trustees have opted to prepare financial statements for each financial period, although not required by law, which give a true and fair view of the financial activities of the charity and of its financial position at the end of the year. In preparing those financial statements the trustees are required to :-
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(i) select suitable accounting policies and apply them consistently
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(ii) make judgements and estimates that are reasonable and prudent
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(iii) state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements
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(iv) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity 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 charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees on 3 January 2022 and signed on their behalf by:
M Cook Secretary
3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GEORGE COLLER MEMORIAL FUND
I report on the accounts of the charity for the year ended 31 March 2021 which are set out on pages 5 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees, who are responsible for the preparation of the accounts, consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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(i) examine the accounts (under section 145 of the 2011 Act);
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(ii) follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
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(iii) state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also incudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to the matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matters have come to my attention:
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(1) which gives me reasonable cause to believe that in any material repect the requirements:
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(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
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(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
DAVID S FISHER
33 Lilac Way Halesowen West Midlands B62 9BH
- 3 January 2022
4
THE GEORGE COLLER MEMORIAL FUND
RECEIPTS & PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
| Receipts Fund raising Donations Interest received Total receipts Payments Direct charitable expenditure Fundraising costs Management & administration Total payments Net receipts/(payments) RECONCILIATION OF FUNDS Funds brought forward Funds carried forward |
Unrestricted Funds £ 14,250 12,006 6 26,262 40,571 5,360 - 45,931 (19,669) 149,942 130,273 |
Restricted Funds £ (Note 3) - - 100 100 - - - - 100 400 500 |
Total 2021 £ 14,250 12,006 106 26,362 40,571 5,360 - 45,931 (19,569) 150,342 130,773 |
Total 2020 £ 9,934 9,167 20 |
|---|---|---|---|---|
| 19,121 | ||||
| 38,571 4,300 - |
||||
| 42,871 | ||||
| 23,750 - 174,092 |
||||
| 150,342 |
NOTE : All transactions are derived from continuing activities.
5
THE GEORGE COLLER MEMORIAL FUND
BALANCE SHEET AS AT 31 MARCH 2021
| CURRENT ASSETS Cash at bank and in hand FUNDS Restricted funds Unrestricted funds |
2021 £ 130,773 500 130,273 130,773 |
2020 £ 150,342 |
|---|---|---|
| 400 149,942 |
||
| 150,342 |
Approved by the Trustees on 3 January 2022 and signed on their behalf by:
| K Douglas BEM | M Cook |
|---|---|
| Trustee | Trustee |
6
THE GEORGE COLLER MEMORIAL FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements are prepared under the receipts and payments basis and include the results of the charity's operations which are described in the Trustee Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts.
Fund Accounting
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the executive committee in furtherance of the general charitable objectives.
Restricted Funds comprise amounts set aside for particular projects.
Receipts
Receipts represent the total income receivable during the period comprising grants,donations and gifts, merchandise and publications, and investment income.
Payments
Payments represent the direct costs of the fund raising activities and charitable expenditure.
2. EXECUTIVE COMMITTEE RENUMERATION AND REIMBURSED EXPENSES
No members of the executive committee received renumeration for their services during the year.
No members of the executive committee received reimbursed expenses during the year.
3. STATEMENT OF RESTRICTED FUND
| Balance as at 31 March 2020 Incoming resources during the year Outgoing resources during the year Balance as at 31 March 2021 |
Smart Inhalers £ 400 100 - 500 |
Total £ 400 100 - |
|---|---|---|
| 500 |
7
THE GEORGE COLLER MEMORIAL FUND
DETAILED STATEMENT OF RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
| RECEIPTS Fund Raising Charity ball - deposit refund Marketing and appeals Fund raising events Donations Monthly BGC donations Virgin Media Giving Fund We Are All Making a Difference Other donations Bank Interest TOTAL RECEIPTS FOR THE YEAR |
Unrestricted Funds £ 500 13,750 - 14,250 756 188 10,000 1,063 12,006 6 26,262 |
Restricted Funds £ - - - - - - - 100 100 - 100 |
Total 2021 £ 500 13,750 - 14,250 756 188 10,000 1,163 12,106 6 26,362 |
Total 2020 £ - 9,000 934 |
|---|---|---|---|---|
| 9,934 | ||||
| 879 37 6,500 1,751 |
||||
| 9,167 | ||||
| 20 | ||||
| 19,121 |
8
THE GEORGE COLLER MEMORIAL FUND
DETAILED STATEMENT OF RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
| TOTAL RECEIPTS FOR THE YEAR PAYMENTS Direct Charitable Expenditure Wages - GCMF nurse Childrens Asthma Supervised Holidays Fundraising Costs Charity ball (deposit) Marketing and appeals TOTAL PAYMENTS FOR THE YEAR NET RECEIPTS/(PAYMENTS) FOR THE YEAR |
Unrestricted Funds £ 26,262 40,571 - 40,571 - 5,360 5,360 45,931 (19,669) |
Restricted Funds £ 100 - - - - - - - 100 |
Total 2021 £ 26,362 40,571 - 40,571 - 5,360 5,360 45,931 (19,569) |
Total 2020 £ 19,121 |
|---|---|---|---|---|
| 34,021 4,550 |
||||
| 38,571 | ||||
| 500 3,800 |
||||
| 4,300 | ||||
| 42,871 | ||||
| (27,350) |
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