Cbarity Number: 1097465 CHEIUSHED MEMORIES SUPPORT GROUP TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBFR 2021 BRITT & KF.EIIAN CHARTERED ACC.OIINTANTS 33 GRIMWADF. AVF.NUF CROYDON CRO 5DJ
CHERISHED MEMORIES SUPPORT GROUP INDEX TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Page No Trustees Financial Statements Report of the Trustees Sialement of Financial Activities Balance Sheet Notes to the Accounts 7-10 Report of ihe Independent Examiner
CHERISHED MEMOIUES SUPPORT GROUP TRUSTEES FINAIYCIAL STATELVIENTS For the year ended 31" Dember 2021 TRUSTEES FINACIAL STATEMENTS Founder S Abbott Charity Registration Number 1097465 Tru$tees G Parry M Ilayes M l.yons I Webb C Siokvi% E Lampkin Secretxry & Treasurer M Watsoii Independent Examiners Brill & K¢ehai) Cliartered AccountAntS 33 Cirimwad¢ Avenue Croydon CRO 5DJ Bankers Lloyds TSB Bank plc 25 (iresham Sir¢el Loiidoi1 EC2V 71-IN Prlnclpll Office The Tiled Cotta¥e 6 Chichcsler Road loriis Cross Gr¢¢nhiihe Kent DA9 9JS
CHEIUSHED MF.MORIES SUPPORT GROUP REPORT OF THE TRUSTF.ES For the year ended 31" December 2021 Intrnduction The trustees preseni their annual report and financial statements for the year ended 31" December 2021. The board of Iruslccs are satisfied with th¢ performance of thc charity during the year and the position at 31 De¢¢mber 2021 )d consider that the charity is in a satisfactory position to continue its activities during ihe coming year, and that th¢ charity's asscts are adeqiiate lo fulfil its obligations. Poli¢ie8 Every child is treated as an individual and lias needs that the charity tries to iiieel. These include medical treatments and various insurance required for eacli event. All cvcnls arL asyessed lor risk prior to taking place. Org*nisation'8 obje¢tive8 This charity was established to help families Containing a lerniinally ill child by creating high profile days for family bonding which is videoed and distributed to th¢ family to help with the grieving process. Activities, aehievement8 and financlal performAD¢e At tlie beginning of 2021, it was exrKcled that the Charity would be WOLind up at Ihe end of 2021 due to a combination of LirLum%tun¢cs. I'lie Cliarity was iiispir¢d, established und run by Mrs Abbott. However, with the passing of tim¢. aiid soine uiifortiinalL healih relaled issues, Mrs Abbotl wished to retire from her role within th¢ Charity. FurthL'rniore, fundraising duringy ihe COVID crisis proved lo be extrein¢ly diffiLulL with opportuniti¢s lo enbagy¢ with doi)or groups being limited. Moreover, one of the key fundraisers for the Charily, Mr PelLr Watts. also r¢tir¢d liis support after i)iaiiy years uf liard work du¢ to old a&Fe ai)d healili issii¢.q. All Iliis was combined with the fact tliat many ol'tlie fainilics, who mi&Jhi othcnwisL nornially wisli lo lake part ii) socially Inixed activitics, werc fo¢uss¢d on shielding fmm COVID 19 and no longer wished to mix in th¢ Community. With only minimal funding coming in and operating costs. particularly salaries, being paid ou( the Charity's funds bLgai) to be ¢rÉ)d¢d. In lin¢ will) the lounders wishes, the Tru8lces configured the Cliarity to be closed dowii al the ond of2021. As the Clinriti¢s funds ionlained an unsecured, untimed loan from Mrs Abbott to keep the Cl)arity rui)ning smoothly, this was repaid in fiill. In the autiimn. the single maiii salary paid ¢0 Mrs Abbott was c¢aqed by mutunl agrccmcnt. However, late ii) 2021, a donation of £5000 was received from a regular annual donor. This gave the Charity th¢ dilemma as to either follow the termination process, ciilminating in a donation to a similar local charity, or to colllinue inlo 2022 with the same aims of the Charity, but in a slightly differcnl format. The new fnmiai woiild conlinue to provide support to families by providing extraordinary days out biit dclivered by funding ti¢k¢ts for events directly for th¢ fatnily lo use. In either case, the Charity would have sufficient funds lo deliver its chosen path with operating sts bcing greaily r¢du¥¢d
CHERISHED MENIORtES SUPPORT GROUP REPORT OF THF. TRUSTEES For the year ended 31" Deeember 2021 Reserves It is the policy of th¢ trustees to ty to maintain unr¢stri¢ted funds, which are fr¢¢ reserve of the charity. at a level which equates to approAimatcly two months unrestricted expendilure. Stalemenl of Trnslees, RponsibIlItI The charity's trustees are responsible for preparing the trustee Annual report and financial slatements in a¢cordanc¢ wilh applicable law and UK aceounting standards (UK Generally A¢c¢pted Accounting Practice) Charity Law requires the Iruslees lo prepare financial statemei)ts for ea¢li financial year which giv¢ a true and fair view of Ihe state of aftairs of the charity as at the end of the financial year and of the surplus or d¢fi¢it of the cliarity. In preparing those financial st&tem¢nts, th¢ trustees are required to: seleci suitsble accounting policies and then &pply them eonsistently> observe th¢ methods and principles in the Charity SORP; make judgements and estimates that are reasonable &nd prudent: state whether applicabl¢ UK accounting.%tandards have be¢n followed, subject to any material departures disclosed and explain¢d in Ih¢ financial statements. prcpar¢ the financial statements on a going concern basis unless it is iiiappropriale to presume that the charity will coiitinu¥ in businesb. The Iruslccs are also responsibl¢ for maiiitaining proper accoiiiiting records whicl) disclose with reasonahlc accuracy at any tim¢ th¢ financial p051tioi) ot the cliarity and whicli are %ufficienl lo coinply with Charity Law. They are also re5p(Insible lor saliguardiiig th¢ &ss¢ls ol-tlie cliarity, and l)eiice for taking rcasonable steps for the prevention and del¢¢tion of fraud and other irregularities. Tl)e Iruslees ar¢ r¢sponsible for tlie maintenance and iiltegrity of the charitable and financial inforn)Ation included on the charity's website. Approved by the trust¢¢s on l O (ki 2022 and signed on their behalf by.. Gordon Parry Mike Lyons
CHERISHED MEMORIES SUPPORT GROUP STATF,MENT OF FINANCIAL ACTIVITIES For the year ended 31" De¢ember 2021 Note Unrestricted Restrieted Total Funds Tot81 Funds Funds Funds 2021 2020 Ineoming Resources Donations & Legacies Fund raising activities Investment income 6,925 6,925 65,073 Other incoming resources Total In¢oming Resources 6,925 Resources Expended Expended Chariiable uclivities Cost of g¢ncrating funds 30,557 54 30,557 54 31,859 216 Total Resourc(* Fdxpended 30,611 Net IncomlnO(outgolng)resour¢u before ¢rAnsfers {23,686) {23,686) 32,998 Total funds at 31. Deceinber 2020 Total funds At 31" December 2021 There were no acquisitions or diontInUed operations during th¢ Current or preceding year. Th¢r¢ were no recognised gains or105ses in the financial y¢ar other than those includ¢d in the Statem¢nt of Financial ALlivili¢s. The note5 On pages 6 10 9 fomi part of these financial stat¢ments.
CHERISHF.D MEMORIES SUPPORT GROUP BALANCE SHF.ET For the year ended 31. December 2021 ote 2021 2020 FIXED ASSETS CURRENT ASSETS Cash at bank and in hand Debtors 7,362 39,720 2.204 41,924 7,362 CREDITORS: Aniounts falliiig due within one year NET CURRENT ASSETS 29,504 5,818 29,504 CRF,DITORS.. Amounts falling due after more than one year TOTAL ASSETS FVNDS Unrestricted funds General fund 5,818 29.504 The financial statements were approved by th¢ Trustees on l O Ocl 22 and signed on their behalf by.: GParry......... M Lyons .
CHERISHED MEMORIES SUPPORT GROUP NOTES TO THE ACCOUNTS As at 31" December 2021 Aceounting Policies Basis of prepAr8tion The financial statements have been prepared in accordance witli Accoiinting and Reporting by Charities.. Statement of Recommended Practice applicable to cliarities prepariiig ih¥ir aLLounts in aLcordanc¢ with the Finai)cial ReportingTr Standard &pplicable in the UK and Republic of Ireland (FRS 102) (effe¢live January 2020) and the Charitie5 SORP. Cherished Memories meets the definition of a public benefit entity under FRS 102. Assets and liabilities initially reeognised at histori¢al ¢ost or transaction value, unless otherwise stated in the relevant accounting policy note. Incoming Resources Incoming r¢source5 are accounted for when the charity has entitlement to the funds. DonA¢ed serviee5 And faeilities Donat¢d facilities or services are recognised as income when the charity l)as control over Il)e il¢m, the r¢Leipl of the economic benefit fn)iii u.se by tlie clillrily is pmbable and Ihal ¢LonoTnic bci)ctil can mcasured rcliably. On receipt, doiialed servic¢s and fa¢ililies are recognised on the busis that ot. the valu¢ of. the gift to ihe cliarity, wliiih is IhL umuunt thL Lhurily would have be¢n willin¥ to pay on the on market. A corresponding amouiit is thLii rc¢ognis¢d as expciidilur¢ in the period ofrccLipt. Expenditure All exp¢i)diliire is incliided on an accruals basis and is reeognised when there is a legal or ¢onstru¢tive obligation to pay for exp¢ndiliire. All costq have been directly attributcd to one of the fuiiclional eategori¢s of resources ¢xpended in the SOFA. The ch&rity is nol regist¢r¢d for V AT and accordingly expenditure is shown gross of irr¢wverable V A-r. Prep4ratiun of the accounts on a gaing eoneern basis Al 31 1)eLenib¢r 2021. 1l)L Ll)urily had rLSL'rvLs of£5.818. The trusl¢es consider that these reserves ore suffici¢nt to seciire ihc fiiliire of the charily for Ihc ncxl twelvc montlis. Fixed A$ts ond Depreclatlon All taiigible fixed assels are btrdied at Lost les5 depreciation. Items of l¢ss than £500 are not CAPitali8ed. Depreciation has bccn providcd at the following rat¢ in ord¢r to write off the assets {less their expected residual valuc) ovcr th¢ir ¢slimated usefLII Iivcs. 0]¢¢ equipment 250/0 Straight line basi5
CHERISHED IEMoRIEs SUPPORT GROUP NOTES TO THE ACCOUNTS As at 31°, December 2021 2021 2020 Incoming Resources 2.1 Volunlary Income Donations ILgacies Gifts in kind 6,925 29,573 35,500 6.925 65.073 2.2 Aetivities for %ener#ting funds: Flind raising L'vents 2.3 Investment Income Bai)k inl¢r¢s1 reLeived Resources Expended 3.1 Chmrltllble Aetlvltley Saluries Coronaviws furlough claims Event costs Use ofhome R¢n¢wal & mainlenan¢e of quipm¢nt 111.surdnce PL151a¥¥, slati(Inery and computer consumables Equipmci)I depreciation Motor and travelling expenses SLindry expens¢s .1 el¢phone 22,133 (10,335) 9,535 1,760 1,070 2,455 1.766 33,650 751 1,920 298 1.548 79¥ 2,451 14 741 1,575 135 505 29,235 522 800 30,557 30,935 204 720 31.859 Payroll assistance Indep¢iid¢nt exailliner's fee 3.2 Cost of Generating Funds Cosls of fund raising events Just (jiving fees Salaries 54 216 54 216 Staff Lyumbers and Costs Salaries National Insurance 22.133 33,650 22,133 33,650
CHEIUSHED MEMORIES SUPPORT GROUP NOTES TO THE ACCOUNTS As al 31" December2021 The average number of employees during the period was.. Project worker Adminislration assistance No employ¢¢ received remunerdtion of more Ihan £60,000. No tThstee received any remuneration or expenses, eitlier directly or indirectlyj for thcir s¢rvi¢es as Trustees. (2020- None). Tallgible Fixed Assets oirice Equipment COST.. Broiight fonvard Additions 15.147 15,147 Carried forward 15.147 15.147 I)EPRECIATION FJroLiglit forward Adjustmenl on disposal of slrnpped ilems Charye for the year 15,147 12,696 2,451 Carried forward 15.147 15,147 Net Book Value at 31.12.2021 Nel Book Value at 31.12.2020 2,451 Debtor5 Donations receivable Coronavirus furlough claims due Prgpaid expenses 1,446 758 2,204 Credit()Th: 8mounts falling due within One year Other creditors, including taxation Acern8ls 682 862 868 11,552 1,544 12,420 Creditors: Amounts falling due after more than one y¢ar Unsecured loan
io CHERISHED MEMORIES SUPPORT GROUP N(yfES TO THE ACCOUNTS As #131" December 2021 Funds Unrestricted funds 5.818 29,504 Unrestricted funds are those which the Trustees are free to use in accordance with the charitsble objective5. Restricted funds are those which have been raised for specific projects falling within the charitsble objectives. 10. Relted parties No sLfviLLS were provided by rela(ed parties. (2020- Nil)
CHERISHED MEMORIES SUPPORT GROiTP INDEPF.NDF.NT F.XAMINERS REPORT AS at 31" December2O21 REPORT TO THE TRUSTEES OF CHEIUSHED MEMORtES SUPPORT GROUP ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021 CHARITY NUMBER 107465 I report to the ttwstees on my examination of the accounts of the above charity ("the Trnst") for the year ended 31 December 2021. as set out on pages 2 to l O. Responsibilities and basis of report As thc charity's tru$t¢C5, you arc responsible for the preparntion of the accounts in accordance with the r¢quirem¢nts of the Charities Act 2011 (the Act) I report in respect of my examination of the Trust's accounts carried out under section 145 of ihe 2011 Aot and in carrying out niy exam illdtloi), 1 llave followed the applicable DireLtions &Jiven by th¢ Charity Ci)Inmis5i()ner4 under s¢¢lion 145(5)(b) of the Act. Independent Examiner's Statement I hov¢ ¢oinplel¢d Iny ¢xaininalion. l Confinn that no material matters have coine to ITJY attention in connectioii with tlie exaii)ii)cltioii wliicli b>ives nie cgiise to bclieve tl)at iii, any material r¢spc¢t'. accounting records were not in accordance with section 130 of the Charities Act; or the aUnIS do not ac¢ord with the accounting r¢eords; or thc ac¢ounls did not comply with Ihe applicable r¢quiremenls concerning the form and coi)teiit of accoLints sel out in the Charities (Accoiinls and Reports) reglilatioiis 2008 otlier than ai)y reqLiirei))ci)t tl)al tlie aecouiits give a 'tNe and fair, view wliich 1.4 iiol a matter coiisidered pan i)r ai) ii)d¢p¢ndeiil ¢xuiniiialiui). Ilie auLuunls have not been Prepared in acLurdance with the methods and principles of the Statement of R¢comin¢nded PraLIiLL for accounting and r¥wrting by charities applilablc lo charilics prcparing their accoiints in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (fRS 102). havc no con¢crns dnd havc comc aLross no oth¢r matters ii) coni)ection with the examination to which attention shoiild be drawn in this report in order to ¢nable a proper und¢rstanding of the accounts lo be rcached. Jill Keehan, FCA Date.. Britt & K¢¢han Chartcrcd Accountants 33 Grimwade Avenue Croydon CRO SDJ