Charity number: 1099319
THE RIGHT TO LIFE CHARITABLE TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
THE RIGHT TO LIFE CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 7 |
| Independent Examiner's Report | 8 - 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Statement of Cash Flows | 12 |
| Notes to the Financial Statements | 13 - 23 |
THE RIGHT TO LIFE CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
| Trustees | Moira Billinge |
|---|---|
| John Cotter (deceased 2 December 2022) | |
| Robert Flello | |
| Helen Freely | |
| Peter Stephens | |
| Christopher Whitehouse | |
| Charity registered number 1099319 Principal office 29-30 Fitzroy Square London W1T 6LQ Independent examiner and accountants Martin Bailey FCA Chartered Accountants 29/30 Fitzroy Square London W1T 6LQ Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ |
Page 1
THE RIGHT TO LIFE CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their Annual Report together with the financial statements of the Charity for the year 1 April 2022 to 31 March 2023.
The Trustees confirm that the financial statements have been prepared in accordance with the accounting policies, comply with the Charity’s trust deed, applicable laws and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
a. Objectives
The Charity’s objects are to further such charitable purposes as the Trustees determine from time to time, in particular, but not exclusively, by advancing the public's education with a view to recognising the sanctity of human life from conception to natural death; by advancing the public's education and undertaking research in such subjects and topics as the Trustees see fit including the development of the foetus, the maturing child, and the needs of the sick and the elderly; and to provide relief in such ways as the Trustees see fit to women and girls in need of assistance and protection and who may be under pressure to have an abortion.
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THE RIGHT TO LIFE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Objectives and activities (continued)
b. Activities undertaken to achieve objectives
The Charity seeks to educate, inform, support and undertake research into issues surrounding human life and present this information to the general public, parliamentarians, schools and organisations, both religious and secular.
The Charity uses literature, videos, meetings, social media and a website to disseminate its objectives and promote topical and educational material to the general public. The Charity provides research and information to MPs and Peers regarding life issues. The Charity works to increase the balanced coverage of life issues in the mainstream media so that the public can be aware of both sides of the debate regarding life issues.
The Charity aims to help to build a culture whereby there is total support for women with unplanned pregnancies, protection for the unborn child, and no pressure for those nearing the end of their lives to seek an unnatural and early death. In the shorter term, the Charity aims to continue educating the general public on life issues so that they are aware of evidence-based information, research and polling. The Charity will continue to strive to have evidence-based information presented in the media so that the public can be aware of both sides of the debate regarding life issues. The Charity aims to deepen and expand relationships with parliamentarians in order to provide them with the latest evidence-based research on life issues, so that they are fully informed when debating life issues in parliament. Finally, the Charity will provide support to women in need who would otherwise feel pressured to seek an abortion.
By measuring the readership and reach of the Charity’s digital resources including news articles, social media posts and website visits, and monitoring the Charity’s wider activities, the Trustees can ensure that larger numbers of the general public are accessing the charity’s educational resources. Similarly, the Trustees monitor the extent of the provision of life-issues research to parliamentarians. Finally, by tracking the amount of times that evidence-based information from the Charity is presented in the media, the Trustees can ensure that the growing numbers of the wider public, beyond those who access the Charity’s digital resources, are provided with the research and information that is produced by the Charity.
The Charity runs media and communications training to provide young people with an understanding of life issues and the ability to communicate these issues in the media. This has equipped participants with the necessary skills and techniques to deliver interviews and respond to questions. The Charity also runs an Internship Programme to introduce students and new graduates to the work of providing evidence-based information on life issues to a range of stakeholders, including the general public, parliamentarians and the media.
c. Main activities undertaken to further the Charity's purposes for the public benefit
The Charity benefits the public by raising awareness of issues regarding human life and disabilities. The Charity provides evidence-based research and information on life issues to people from different political ideologies and philosophical beliefs (including those who are non-religious, religious, or agnostic). Members of the public are free to access these resources through the charity’s website www.righttolife.org.uk. The Charity also provides assistance, in such ways as the Trustees see fit, to those under pressure to have an abortion.
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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THE RIGHT TO LIFE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance
a. Activities
The Charity continued to grow its media strategy to help ensure that more evidence-based information on life issues is presented in the media along with helping spokespeople affected by abortion and disability, as well as medical experts, to share their experiences relating to life issues. Similarly, the Charity utilised its website and social media channels to reach wider audiences with evidence-based information on life issues and access to tools which enabled the general public to engage with their MPs on these issues.
The Charity continued to develop its digital news service to provide the public with a resource of UK-focussed, reliable news on life issues to educate readers. This website is the most viewed pro-life website in Europe and the fourth most viewed pro-life website in the world.
In April 2022, major child safeguarding bodies raised concerns about under 18s having medical abortions without having an in-person consultation. They were especially concerned with the increased risk of coerced abortion and medical complications that might not be detected as a result of under 18s not having a face-to-face consultation with a medical professional. The Government then proceeded with ensuring guidance was issued for under 18s that strengthened safeguards for this age group. The Charity provided informtion to the general public on the details of the safeguarding concerns and provided information that helped constituents write to their MPs on this issue.
In May 2022, the Charity, in its capacity as secretariat to the All-Party Parliamentary Pro-Life Group, helped to organise a parliamentary event to enable MPs and Peers to hear from Professor and medical doctor John Wyatt, Professor of Ethics and Perinatology at University College London and also Emeritus Professor of Neonatal Paediatrics, Ethics & Perinatology at University College London. Dr Wyatt presented evidence detailing survivial rates for extremely prematurely-born babies.
In November 2022, a three-hour debate took place in Parliament after a petition seeking to make controversial changes to abortion laws gained the required number of signatures to trigger a debate in Parliament. A large number of MPs spoke in the debate highlighting the negative implications of making this change to the law. The Charity worked to provide information and research that was easily accessible to members of the public relating to the proposal, highlighted concerns around the proposed change in the law through placing stories in the media, and supplied constituents with the necessary information with which to correspond with their MPs on this matter.
In March 2023, the Health and Social Care Committee began an inquiry into assisted dying/assisted suicide. In March 2023 they heard from politicians and academics at evidence sessions. Panellists made a strong case for increasing access to palliative care across the country along with warning of the potential disproportionate effect that the introduction of assisted suicide could have on individuals with learning difficulties and autism. The Charity provided updates for the general public on the committee's progress and relevant information on the wider impact of the changes to legislation relating to end-of-life care along with proposals to introduce assisted suicide.
In March 2023, the Human Embryology and Fertilisation Authority (HFEA) launched a consultation on reviewing the law on fertility treatment regulation and embryo research prior to making recommendations for change. Currently, the Human Embryology and Fertilisation Act limits the use of human embryos in research to 14 days or the appearance of a primitive streak (if earlier). The 14-day limit has been a globally recognised standard of best practice and was upheld as a vital safeguard by each of the main UK political parties when the 2008 HFE Act was passed. Many countries such as Germany, Italy and Austria do not allow embryo research at all. In the consultation, the HFEA made the case for removing the 14-day limit from current legislation. The Charity provided resources for the general public that covered details on the proposal, including the potential negative impact of removing the 14-day limit, along with information that helped members of the public respond to the consultation.
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THE RIGHT TO LIFE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Financial review
a. Financials and reserves policy
The Charity recognised income of £791,024 in the year (2022: £1,086,753) and expenditure of £705,037 (2022: £557,506). Overall the Charity recorded an operating surplus for the year of £85,987 (2022: £529,247).
The Charity relies upon donations, grants and legacies to fund its operations and so the Trustees would like to record their gratitude to all those who have so generously contributed to the work of the Charity. As such, the Charity’s income can be unpredictable and impacted by events outside of the control of the Charity, while the Charity’s expenditure is, in part, fixed and regular. Therefore the Charity maintains a level of free reserves to safeguard against delays in receiving income and unexpected setbacks, while allowing the option to develop new services or expand current ones to respond to changing needs of the beneficiaries. The Trustees monitor the level of reserves regularly to ensure that they are at a suitable level and that the policy is still relevant. Unrestricted reserves at 31 March 2023 were £1,250,640 (2022: £1,164,653).
b. Going concern
The Trustees are grateful to the grassroots supporters who have continued to fund the Charity’s operations while income from other sources has been impacted by the cost of living crisis. Income from grassroots supporters has continued to be strong since the balance sheet date, and the Trustees consider that income generation is sufficient to cover the operating costs for the 12 months after the date of signing of the accounts.
c. Principal risks and uncertainties
The Trustees examine major risks to the Charity as a standing item during quarterly board meetings, and ensure that changes to risks are identified and that sufficient measures are in place to mitigate these risks. The principal risks and uncertainties facing the Charity are loss of a major source of income, a change in political situation and inability to recruit staff which would impact the Charity’s ability to achieve its objectives. The financial risk is regularly examined by the trustees with regard to expected sources of income and level of free reserves, and efforts are made to diversify sources of funding. The political situation is regularly monitored, with awareness of potential impact on the Charity’s activities and steps taken to safeguard the Charity’s assets and activities as potential risks arise. With respect to recruitment, the Charity uses outsourcing where necessary, and has worked to increase its brand awareness so that its job adverts reach more potential candidates. With all its activities, the Charity is mindful of risks and putting measures in place to mitigate risks as far as possible.
d. Principal funding and fundraising
The Charity does not use professional fundraisers, nor has it signed up to any voluntary codes of conduct or standards regarding fundraising practices. No complaints were received by the Charity about fundraising activity during the year. The Charity only makes direct asks for grassroots donations from its supporters a few times a year and this is done via email to our database of supporters. The Charity uses its existing policies to safeguard donors.
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THE RIGHT TO LIFE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
a. Constitution
The Charity is an unincorporated body established by a charitable trust dated 20 August 2003 and is registered under the Charities Act 2003 (Charity registration number 1099319). The organisation consists of trustees appointed by the original settlor on the basis of their ability to promote the aims of the Trustees, and employees who are paid by the Charity. Nominations for both trustees and employees are approved by the Trustees, and selections are based on the individual’s knowledge and experience in corporate, media and life issues. The Trustees meet quarterly to review the affairs, risks and policies of the Charity, and to receive reports from the CEO. The day-to-day management of the Charity is delegated to the CEO, who is supervised directly by the Trustees, and assisted by the other employees of the Charity to carry out tasks as required. Where appropriate other professionals are engaged to advise and assist in legal, counselling and financial matters.
b. Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Trustees receive an induction to the work of the charity by the CEO and are encouraged to undertake training where gaps in knowledge or experience are identified so that the Charity maintains collective expertise in good governance.
c. Pay policy
Staff salaries are set by the Trustees with reference to industry standards of remuneration and are benchmarked against peer organisations.
Plans for future periods
The Charity plans to continue to grow its operations by hiring more staff to carry out its charitable objectives. The Charity is continuing to expand its resources to equip pro-lifers with educational and informative arguments regarding life issues. The Charity plans to continue its work in providing evidence-based information to the media and to parliamentarians, and continue to grow its website and social media presence as the go-to resource for news and other educational materials on life issues.
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THE RIGHT TO LIFE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 adequate accounting records that are sufficient to show and explain the Charity's transactions and 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ ule, Helen Freely Trustee
Date: 29-01-24
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THE RIGHT TO LIFE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
Independent Examiner's Report to the Trustees of The Right to Life Charitable Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chatered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts 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.
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THE RIGHT TO LIFE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 29-01-24
Martin Bailey
FCA
Martin Bailey FCA Chartered Accountants 29/30 Fitzroy Square London W1T 6LQ
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THE RIGHT TO LIFE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Note Income from: Donations and legacies 4 Investments 5 Total income Expenditure on: Raising funds Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 789,336 1,688 791,024 5,570 699,467 705,037 85,987 1,164,653 85,987 1,250,640 |
Total funds 2023 £ 789,336 1,688 791,024 5,570 699,467 705,037 85,987 1,164,653 85,987 1,250,640 |
Total funds 2022 £ 1,086,753 - 1,086,753 |
|---|---|---|---|
| 5,144 552,362 557,506 |
|||
| 529,247 | |||
| 635,406 529,247 1,164,653 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 23 form part of these financial statements.
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THE RIGHT TO LIFE CHARITABLE TRUST
BALANCE SHEET AS AT 31 MARCH 2023
| 2023 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Intangible assets | 9 | - | 592 | ||
| Tangible assets | 10 | 2,671 | 3,521 | ||
| 2,671 | 4,113 | ||||
| Current assets | |||||
| Debtors | 11 | 31,335 | 55,232 | ||
| Cash at bank and in hand | 1,253,724 | 1,146,225 | |||
| 1,285,059 | 1,201,457 | ||||
| Creditors: amounts falling due within one | |||||
| year | 12 | (37,090) | (40,917) | ||
| Net current assets | 1,247,969 | 1,160,540 | |||
| Total assets less current liabilities | 1,250,640 | 1,164,653 | |||
| Total net assets | 1,250,640 | 1,164,653 | |||
| Charity funds | |||||
| Unrestricted funds | 1,250,640 | 1,164,653 | |||
| Total funds | 1,250,640 | 1,164,653 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ Oly Helen Freely Trustee
Date: 29-01-24
The notes on pages 13 to 23 form part of these financial statements.
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THE RIGHT TO LIFE CHARITABLE TRUST
| STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 |
2022 £ 495,686 (1,362) (1,362) 494,324 651,901 1,146,225 |
|
|---|---|---|
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2023 £ 108,384 (885) (885) 107,499 1,146,225 1,253,724 |
The notes on pages 13 to 23 form part of these financial statements
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THE RIGHT TO LIFE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. General information
The Right to Life Charitable Trust is an unincorporated charity governed by a settlement deed. The Charity is registered with the Chrity Commission in England and Wales. Its activities are set out in the Trustees' Annual Report.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Right to Life Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. As part of their budgeting and scenario planning to reflect the future plans of the Charity, and considered expected future income and expenditure, the Trustees consider that the Charity can meet its commitments and liabilities and can continue for the foreseeable future. Accordingly, they do not believe there to be a material uncertainty regarding the going concern status of the Charity and continue to adopt the going concern basis in preparing the financial statements.
2.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
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THE RIGHT TO LIFE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
2.4 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Grant income is recognised once the above criteria are met, together with any performance conditions attached to the grant. Grant income is deferred when the Charity has received the funds but has not yet met the recognition criteria, including fulfilling all relevant performance conditions.
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.7 Intangible assets and amortisation
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
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THE RIGHT TO LIFE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
2.7 Intangible assets and amortisation (continued)
Amortisation is provided on the following basis:
Website
- 25 % straight line
2.8 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
Office equipment - 25%
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.12 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
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THE RIGHT TO LIFE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
3. Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
4. Income from donations and legacies
| Donations Legacies Grants Total 2022 |
Unrestricted funds 2023 £ 739,389 39,947 10,000 789,336 1,086,753 |
Total funds 2023 £ 739,389 39,947 10,000 789,336 1,086,753 |
Total funds 2022 £ 1,086,753 - - 1,086,753 |
|---|---|---|---|
5. Investment income
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Investment income - local cash | 1,688 | 1,688 | - |
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THE RIGHT TO LIFE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
6. Analysis of expenditure by activities
| Charitable activities Total 2022 |
Activities undertaken directly 2023 £ 564,459 436,170 |
Support costs 2023 £ 135,008 116,192 |
Total funds 2023 £ 699,467 552,362 |
Total funds 2022 £ 552,362 |
|---|---|---|---|---|
Analysis of support costs
| Staff costs Premises Fees and other staff costs Office costs Communications Governance Total 2023 |
Activities 2023 £ 86,530 18,386 7,261 7,476 4,731 10,624 135,008 |
Total funds 2023 £ 86,530 18,386 7,261 7,476 4,731 10,624 135,008 |
Total funds 2022 £ 80,300 841 9,271 6,821 5,344 13,615 116,192 |
|---|---|---|---|
Governance costs include independent examination fees of £3,600 (2022: audit fees of £9,600).
7. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2023 £ 369,021 40,033 8,077 417,131 |
2022 £ 307,063 29,909 6,891 |
|---|---|---|
| 343,863 |
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THE RIGHT TO LIFE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Staff costs (continued)
The average number of persons employed by the Charity during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Employees | 8 | 8 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 2023 | 2022 | ||
|---|---|---|---|
| No. | No. | ||
| In the band £60,001 | - £70,000 | 2 | - |
| In the band £70,001 | - £80,000 | - | 1 |
| In the band £80,001 | - £90,000 | 1 | - |
The total cost in respect of key management personnel, including employer's NI and pension contributions, for the year was £167,678 (2022: £151,650).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year ended 31 March 2023, expenses totalling £ NIL were reimbursed or paid directly to Trustees (2022 - £NIL to 0 Trustee) . No trustee received any remuneration during either the current or prior years.
During the year, the Charity received donations totalling £3,500 (2022: £4,050) from trustees and related parties. No restrictions were attached to these donations in either the current or prior years.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| 9. Intangible assets Cost At 1 April 2022 At 31 March 2023 Amortisation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Website £ 2,372 |
|---|---|
| 2,372 | |
| 1,780 592 |
|
| 2,372 | |
| - | |
| 592 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
10. Tangible fixed assets
| Cost or valuation At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Office equipment £ 34,115 885 |
|---|---|
| 35,000 | |
| 30,594 1,735 |
|
| 32,329 | |
| 2,671 | |
| 3,521 |
11. Debtors
| Due within one year Prepayments and accrued income |
2023 £ 31,335 31,335 |
2022 £ 55,232 |
|---|---|---|
| 55,232 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
12. Creditors: Amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2023 £ 11,699 3,152 22,239 37,090 |
2022 £ 12,217 2,897 25,803 |
|---|---|---|
| 40,917 |
13. Summary of funds
Summary of funds - current year
| General funds Summary of funds - prior year General funds |
Balance at 1 April 2022 £ 1,164,653 Balance at 1 April 2021 £ 635,406 |
Income £ 791,024 Income £ 1,086,753 |
Expenditure £ (705,037) Expenditure £ (557,506) |
Balance at 31 March 2023 £ 1,250,640 |
|---|---|---|---|---|
| Balance at 31 March 2022 £ 1,164,653 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2023 £ Tangible fixed assets 2,671 Current assets 1,285,059 Creditors due within one year (37,090) Total 1,250,640 |
Total funds 2023 £ 2,671 1,285,059 (37,090) 1,250,640 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Intangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 3,521 592 1,201,457 (40,917) 1,164,653 |
Total funds 2022 £ 3,521 592 1,201,457 (40,917) 1,164,653 |
|---|---|---|
15. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges (Increase)/Decrease in debtors (Decrease)/Increase in creditors Net cash provided by operating activities 16. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents |
2023 £ 85,987 2,327 23,897 (3,827) 108,384 2023 £ 1,253,724 1,253,724 |
2022 £ 529,247 2,143 (40,734) 5,030 495,686 2022 £ 1,146,225 1,146,225 |
|---|---|---|
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THE RIGHT TO LIFE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
17. Analysis of changes in net debt
| Cash at bank and in hand | At 1 April 2022 £ 1,146,225 1,146,225 |
Cash flows £ 107,499 107,499 |
At 31 March 2023 £ 1,253,724 1,253,724 |
|---|---|---|---|
18. Related party transactions
Other than noted elsewhere in the financial statements, there are no related party transactions requiring disclosure for either the current or prior years.
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