'.?FT. C411 .. +0 in9* fiYdYwEnded 5th Aprl 202Z simp Wreford & Partners Chartered Accountsnts Suffolk Htrjse rrey
ThE CHILY FOUNDATION I to 2 6 to 9 rt()L
THE aiiLY FOUNDATION Report ofthe Tritstees for the year ended 5th Awil 202Z The trustees present their report with the fina131 ststements of the tharity for the year ended 5th April 2022. The tnjstees have adoptetl the proVlOn$ of Accounting and Rewrting by Charitie5: Statement of Recommended Practice applicable to charities preparing their accounts in accorilance wr(h the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191. OBJECTIVES AND AcnvmES Object1 and alms lor publ1¢ benefft The trustees shall hold the trust fund and rts income upon trust to apptythem forthe folbwin8 obJ'ects:_ - such charitable purpose5 for or towards the relief of poverty or infimiity. the adv3ncement of education, the advancement of religion. whether in or outside the Unite(l Kin8dom. as the trustees shall see fit: - such general charttable purpo for the benefft of the comrrwnity or pennitted by statLrte in any part of the Urnited Kingdom or the world as the trustees shall sèe fiL prowded that such purposes would be charitable rf carried out In the United Kingdom. The trustees confirn) that they have referred to the guidance contained in the (Jarity Commission's general guléance on public benefit when remewing the Trust's aims and objectives and in planning hjture attivitie& Si1ficant aclivities Donations are made following dirert approach to the trustee5 by various charitable causes. The intention of The Chllv Foundation is to wpport ch3ritable participation of the famity and fr¢ends and work colleagues of the Chilton Family in an organised and fair way. We do not gener31ty make donations following approach from general letters recelved through the post, these requests are replied to with a letter explaining our wlicy. ACHIEVEMENT AND PERFORMAf4cE Charitable a¢tiVTlie5 In accordance with the objects as set out in the trust deed. grants were made to the charities disclosed in the notes to the actounts. Fundralslng acthiities Donation5 of £40.LXX)10510412021- £80,(1) wEre recei4Ed in the year. Gift aid of £IO,IJ)010510412021- £20.rxJoi is recoverable. FINANOAL REVIEW Reserves pollcy Srnce the Foundation exists to make grants out of avaiLible funds. the trustees consider it nerywry to retain only a small balance on reserves to CO the minimal annual administration costs. Further gr3nts will be made from reserves carried forw3rd at the end of the financial period as suitable recipients a identified. The balance and movement on resew Isshown in the notes. STRUURE. GOVERNANCE AND MANAGEMENr Governlng document The Charity is controlled by its goveming document. a deed of trusi constitute5 an unincorporated tharity. The Foundation was established in order to mèke donati1 in 1xxnplnce with the objects of the charity as set out In a trust deed dateil 12th March 21 as detsiled below. Recruitment and appointment of newtrustee5 The trust deed state5 that there shall be at least three trustee& Any fijture trustee shall be appointed by a re501ution of the trustees passed at a special meetin& REFERENCE AND ADMINIStRATIVE DAlLs Reglstered Charity number 1086638 Page I
THE CHILY FOUNOATION Rèpc#tofthè TrustÈÈs for the yèar endèd 5th A1 2022 Prlndpal address Stepstile Meadow Flanchford Ro Rei8ate Surrev RH2 8QZ Trurtees G D Chilton Mrs N E Chilton Mr5 STWarnock Independènt Examlntr Alasdair Weaks Simpson Wreford & Partners Chartered Accountants Suffolk House George Strèet Croydon Surrey CRO OYN 5dl¢ltors Morrison5 Clarendon House Clarendon Road Redhill Surrey RHI IFB Bankers Uoyds TSB Private 8anking PIC 50 Grosvenor Street London WIX 9FH Approved by order of the ix)ard of trustees cth........... d signed on its behalf by: G D Chilton- TTUStee Page 2
Independwrt Examlner's Repwtto the Trnstee5 of The Chfy Foundation Independent examinerfs report to the trustees ofThe thily Foundation I report to the charity tee5 on my examination of the accounts of The Chily Foundation (the Trust) for the year ènded 5th Apfil 2022. Responslbllltoes and basls ol report As the chartty trustees of the Trust you are re5ponsibJe for the preparation of the accounts in accordance with the requirements of the CharTtiÈs Att 2011 l%ht Act'l. I report in respert of my examination of the Tru5t'5 accounts carried out under Section 145 of the Art and in carrying out my examination I have followed all applicable Directions Ven by the Chafity Commission under section 14515}Ibl of the Act. Independenl examlnees statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination 8iving me cause to believe that in arby material respect: accounting records were not kept in respect of the Trust as required by settion I1 of the Att: or the accounts do not accord wtth those records. or the ac£ounts do not Compty wtth the applicable requirements conmIng the form and content of accounts set out in the Charities IAccounts and Reports) Re8ulations 2¢X)8 oiher than arsy requirement that the accounts give 3 true and fair view which is not a matter considered as part of an independent examination. I have no COnrnS and have come across rKJ other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Alasdair Weaks Simpson Wreford & Partners Chartered Accountants Suffolk House George Street Croydon Surrey CRO OYN Date.. Page 3
THE CHILY FOUNDATION Ststement of Flnantlal Activib lor the year*nd 5th Wil 202Z 5.422 Unrestrirted fund 5.4.21 Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 50JXXJ i(x),(x Investment income 23 36 Totsl 50.023 IIKJ,036 EXPENDITURE ON Charitable activltles Activities in furtherance of the tharity's objects 51,148 76,064 NET INCOMUIEXPENDMIREI 11.1251 23.972 RECONCILIATION OF FUNDS Total funds brought fonyard 34,880 10308 TOTAL FUNDS CARRIED FORWARD 33,75S 34.880 The Th)tes forni part ofthese finandal statements Page 4
THE QIILY FOUNDATION Statsment of Hnandal Poslt5on 5th Awil 2022 5.4.22 Unrestricted fund 5.4.21 Total funds Notes CURRENT ASSErs Debtors Cash at bank io,(KxJ 24,787 20,tKKJ 15,828 34.787 35,828 CREDITORS Amounts falling due wrthin one year IL0321 19481 NCURRENr ASSErs 33.755 TOTAL ASSETS LESS CURR UABILMES 33.755 NET ASSErs 33.755 FUNDS Unrestricted ftbnds io 33.755 TOTAL FUNDS 33,755 34,880 The flnanual statements were approved by the Board of Trnstees and authorised for Issue on i.Tr..:.l.X.:la.. and were signed on its behalf by: G D Chilton-Trustee tyICL N E Chilton- Trustee ST Warnock- Trustee notes forni part of these finanual statements Page 5
THE CHILY FOUNDATIOII Notesto the Flnandal Statements forthe yearended 5th Aprll 2022 ACCOUNTING pouaES Basi5 of preparing the finandal statements The financial statements of the charity, which is a public benefft entity under FRS 101 have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporttng by Chartties.. Ststemènt of Recommended Prdttice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffectwe l January 20191,. Financial RÈporting Standard 102 The Financial Reporting Standard applicable in the UK and Republit of Ireland, and thè Charities Act 2011. The financial statements have been prepaied under the hi51orical cost convention. Income All income is recognised in the Sttterrt of Financial Actiwties once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured liab1v. Expendlture Liabilities a recognised as expenditure as sn 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 on accruals basis and has been classified under heading5 that aggregate all cost related to the cate80ry. Where costs cannot be directly attributed to parttcular headings they have been allorated to tIe$ on a basi5 corsistent with the use ol resources. Grant5 offered subject to conditions which he not been met at the yearend date are noted as a commitment but not accrued as expenditure. Tamation The charity is exempt from tax on its charitable actwriie Fund accountSng Unrestrirted funds can be used in accordance with the charitable objethves at the discretion of the trustees. Restrirted funds can onEy be used for particular restricted purposes wlthin the objects of the charlty. Restrictions arise when specified by the donor or when funds are raised for particular restrirted purposes. Further explanation of the nature and purpose of each ftjnd is induded in the note5 to the financial Statements. Finanrial instruments The charity onty enters into transactions involving basic financial instruments that resu in the recognitlon of financial assets and liabilities like trade and otheraccounts receNable and payable. Debt instruments that are payable L* re1¥able within one year. typically trade payables or receivables, are measured. initially and 5ub5equently. at the undiscounted arSMJunt of the cash or other consbderation, expected to be pald or recefved. Financial assets that are measured at Cost are a55e55ed at the end of each reportsn8 period for objective evidence of impairrnent. If objertive evidence of impairment Is found, an impairnient Ioss is recogni5ed in the Statement of Financial ACtIties. Where financial assets are measured at (ost le55 impairnient. the impairn)ent loss measured as the difference between an asset's carying amount and best estimate, whith is an approximation of the amount that the charity would receive for the asset rf it We to be sold at the pOrting date. Financial assets and liabilities arè offsèt and thè net amtyjnt reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there s an intention to settle on a net basis or to realise the asset and settle the Ilabillty simultsnÈousTry. Pa8e 6 continued...
THE CHILY FOUNDATION Notesto the Finanoal 5tatem•nts- c4)ntlnued tor thè year Ènded 5th Awil 2022 DONATIONS AND LEGACIES 5.4.22 5.4.21 Donatron5 Gift aid 80,fD) 20,¢) io,( IrK),oc IPIVESTMEI INCOME 5.4.22 5.4.21 Deposft account Interest 23 36 Grant fvnding of actNities (see note 51 Support costs Isee note 61 Totsls AciNities in furtheran of the chariws objects so.1$ 1.148 51,148 GRApifs PAYABLE 5.4.22 5.4.21 Activitses in furtherance of the ¢harlty's objects The total 8r3nts paid to irLStitutiotts during the year was as follows: 5.4.22 5.4.21 The Ak Foundation 75,00) SUPPORT cosrs Infom)ation technology Governan Finance Totals Activitie5 in furtheran of the charTV5 objects 752 216 1,148 Page 7 tontlnuèd...
THE CHILY FOUNI)ATION for the year ended Sth Apnl 2022 TRUSTEES. REMUNERATKX4 AND BENEFrrs There were no tru5tees' remuneration or othew benefits for the year ended 5th April 2022 nor for the year ended 5th April 2021. Trustees. expenses There were no trustee5' expenses paid for the year ended 5th April 2022 nor for the year ended 5th April 2021. DEBTORS: AMOUNTS FALLING DUE WITHIN OKYEAR 5.4.22 5.4.21 Tax io,c 20,C(JO CREDtroRS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 5.4.22 5.4.21 Accrued expense5 1,032 io. MOVEMEPIT IN FLINDS Net rrNwement in funds At 5.4.22 At 6.4.21 Unrestrlrted funds General fund IL1251 33.755 TOTAL FUNDS 34.880 11,1251 33.755 Net rnoverrnt in furbds, included the abo are as follows: Incomin8 Re50urre5 expended Movement in funds Unrestrlrtèd fvnds General fund 50.023 151.1481 IL1251 TOTAL FUNDS 151.1481 11,1251 Page 8 continued...
THE OIIIY FOUNDATION Notesto the Finanual Statements- corrtlnued lortheyearend¢d 5th April 202Z MOVEMEpifiN FUNDS- corrtlnued Net movement in fvnds At 5.4.21 At 6.4.20 Unrestr7rted funds General fund io. 23,972 34,880 TOTAL FUNDS io,y 23.972 Comparative net movement in funds. included in the above are as follows: IrmIng Rèsourcès expended Movemènt n funds Unrestrict funds General fvnd K).036 176,0641 23,972 TOTAL FUNDS IW.036 176.wl 23,972 IL RELATED PAirrY DISCLOSURES During the year. the ¢harity rerVed donatior without condition of £40,(IxJ12021 - w.(wxII from Mr G D Chilton. a trustee. Page 9
THE CHILV FOUNDATK)N Delailed Statement of Financial Adrdi for the year erylÈd 5th April 2022 S.4.22 5.4.21 INCOME AND ENDOWMEpirs Donatlons and lac1t$ Donations Gift aid 80,OCK) 20,OCKI io,c I,0(1) InTMtment Income Deposit account interest 23 36 Total IntomSng resources 50.023 IC#),036 EXPENDFfuRE Charitable acti¥itse5 Grants to institutions 75,0( Support costs Finan Bank charges AccourbtanLry 32 720 32 720 752 752 Inhrmatlon technology Computer expenses 216 132 Governance costs Independent examinels fees Total resour5 expended 5L148 76,064 Net lexpenditureifincome 11,1251 23,972 This pa8e does not fomi part of the statLrtory financial statements Page 10