```
Charity number: 1100036
```
## **`CATKIN PUSSYWILLOW CHARITABLE TRUST`**
## **`UNAUDITED`**
```
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
```
```
FOR THE YEAR ENDED 5 APRIL 2021
```
## **`CATKIN PUSSYWILLOW CHARITABLE TRUST`**
## **`CONTENTS`**
||`Page`|
|---|---|
|**`Reference and Administrative Details of the Charity, its Trustees and Advisers`**|`1`|
|**`Trustees' Report`**|`2 - 3`|
|**`Independent Examiner's Report`**|`4`|
|**`Statement of Financial Activities`**|`5`|
|**`Statement of Financial Position`**|`6`|
|**`Notes to the Financial Statements`**|`7 - 12`|
```
CATKIN PUSSYWILLOW CHARITABLE TRUST
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021`**
## **`Trustees`**
```
B Gold
R Harris
C Atkin
```
## **`Charity registered number`**
```
1100036
```
## **`Principal office`**
```
16 Rosemont Road
London
NW3 6NE
```
## **`Accountants`**
```
Nyman Libson Paul LLP
Chartered Accountants
124 Finchley Road
London
NW3 5JS
```
## **`Bankers`**
```
Adam & Co
22 King Street
London
SW1Y 6QY
```
```
Page 1
```
## **`CATKIN PUSSYWILLOW CHARITABLE TRUST`**
## **`TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021`**
```
The Trustees present their annual report together with the financial statements of Catkin Pussywillow
Charitable Trust (the charity) for the year ended 5 April 2021. The Trustees confirm that the annual report and
financial statements of the charity comply with the current statutory requirements, the requirements of the
charity's governing document and the provisions of the Statement of Recommended Practice (SORP),
applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS102) (Effective 1 October 2019).
```
## **`Structure, governance and management`**
## `` **`Constitution`**
```
The charity was established by a Declaration of Trust dated 26 June 2003 as the 'Catkin Pussywillow
Charitable Trust' and is registered with the Charity Commission under the registration number 1100036.
```
```
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running
a charity (PB2)'.
```
## `` **`Method of appointment or election of Trustees`**
```
Future trustees are to be appointed by resolution of the existing trustees.
```
## `` **`Organisational structure and decision making`**
```
The Trust is administered by the Board of Trustees which is its governing body. There are no paid employees
and the trustees meet at least twice a year to discuss and implement policy.
```
## `` **`Risk management`**
```
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the
operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate
our exposure to the major risks.
```
## `` **`Objectives and Activities`**
```
In compliance with the duty set out in section 4 of the Charities Act 2011 and in shaping our objectives for the
year and planning our activities, the trustees have considered the Charity Commission's guidance on public
benefit. In deciding which institutions to provide grants to, the trustees given careful consideration to charities
that share the trust's objectives.
```
```
The charity's objects are the relief of poverty, distress and sickness, the advancement of education, the
protection of health and other such charitable purposes as the trustees see fit.
```
## `` **`Achievements and performance`**
```
During the year, charitable donations received, together with related gift aid, amounted to £151,737 (2020:
£161,270). These resources, together with interest of £13 (2020: £244), were used to fund grants.
```
## `` **`Going concern`**
```
The trustees have reviewed the circumstances of the charity, and consider that adequate resources continue
to be available to fund the activities of the charity for the foreseeable future. The trustees consider that there
are no material uncertainties about the charity's ability to continue as a going concern. Due to the nature of the
charity's activities the trustees do not expect the impact of Covid-19 and the measures taken to contain it to be
significant to the charity.
```
```
Page 2
```
```
CATKIN PUSSYWILLOW CHARITABLE TRUST
```
## **`TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021`**
## **`Structure, governance and management (continued)`**
## `` **`Reserves policy`**
```
The Trustees wish to safeguard the trust's ability to support the beneficiaries in the future and aim to achieve
this by judicious management of its resources.
```
## `` **`Material investments policy`**
```
The Trustees' policy with regard to free reserves is to aim for safety commensurate with immediate and
planned spending requirements. Accordingly funds are kept on short term deposits with the foundation's
bankers.
```
## **`Statement of Trustees' responsibilities`**
```
The Trusteesare responsible for preparing the Trustees' Reportand 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 & Walesrequires the Trusteesto prepare financial statements for
each financial yearwhich give a true and fair view of the state of affairs of the Charityand of itsincoming
resources and application of resources, including itsincome and expenditure, for that period. In preparing
these financial statements, the Trustees are required to:
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles of the Charities SORP (FRS 102);`
- `make judgments and accounting estimates that are reasonable and prudent;`
- `state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.`
```
The Trusteesare 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
Charityand enable them to ensure that the financial statements comply with the Charities Act 2011, the
Charity (Accounts and Reports) Regulations 2008and 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 Trusteeson 14 February 2022and signed on their behalf
by:
```
## **`R Harris`**
```
Trustee
```
```
Page 3
```
## **`CATKIN PUSSYWILLOW CHARITABLE TRUST`**
## **`INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021`**
## **`Independent Examiner's Report to the Trustees of Catkin Pussywillow Charitable Trust ('the Charity')`**
```
Ireport to the charity Trusteeson myexamination of the accountsof the Charityfor the yearended 5 April
2021.
```
```
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.
```
## **`Responsibilities and Basis of Report`**
```
As the Trusteesof the charityyou are responsible for the preparation of the accountsin accordance with the
requirements of the Charities Act 2011 ('the 2011 Act').
```
```
Ireport in respect of myexamination of the Charity'saccounts carried out under section 145of the 2011 Act
and incarrying out myexamination Ihave followed theapplicable Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act.
```
## **`Independent Examiner's Statement`**
```
Your attention is drawn to the fact that the Charityhas 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.
```
```
Iunderstand 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.
```
```
Ihave completed myexamination. Iconfirm that no matters have come to myattention in connection with the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or`
`2. the accounts do not accord with those records; or`
`3. 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.`
```
Ihave 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.
```
```
Signed:
```
```
Dated: 14 February 2022
```
```
Jennifer Pope ACA
```
```
Nyman Libson Paul LLP
Chartered Accountants,
124 Finchley Road,
London, NW3 5JS
```
```
Page 4
```
```
CATKIN PUSSYWILLOW CHARITABLE TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021`**
|`Note`
**`Income from:`**
`Donations and legacies`
`2`
`Investments`
`3`
**`Total income`**
**`Expenditure on:`**
`Grants to institutions`
`4`
`Governance`
`5`
**`Total expenditure`**
**`Net movement in funds`**
**`Reconciliation of funds:`**
`Total funds brought forward`
`Net movement in funds`
**`Total funds carried forward`**|`Unrestricted`
`funds`
`2021`
`£`
`151,737`
`13`
`151,750`
`178,500`
`5,400`
`183,900`
`(32,150)`
`66,125`
`(32,150)`
`33,975`|`Total`
`funds`
`2021`
`£`
`151,737`
`13`
`151,750`
`178,500`
`5,400`
`183,900`
`(32,150)`
`66,125`
`(32,150)`
`33,975`|`Total`
`funds`
`2020`
`£`
`161,270`
`224`|
|---|---|---|---|
||||`161,494`
`284,500`
`5,400`|
||||`289,900`
`(128,406)`
`194,531`
`(128,406)`|
||||`66,125`|
```
The notes on pages 7 to 12 form part of these financial statements.
```
```
Page 5
```
```
CATKIN PUSSYWILLOW CHARITABLE TRUST
```
## **`STATEMENT OF FINANCIAL POSITION AS AT 5 APRIL 2021`**
|`Note`
**`Current assets`**
`Debtors`
`8`
`Cash at bank`
`Creditors: amounts falling due within one`
`year`
`9`
**`Net current assets`**
**`Total net assets`**
**`Charity funds`**
`Unrestricted funds`
`10`
**`Total funds`**|`2021`
`£`
`30,345`
`18,105`
`48,450`
`(14,475)`|`2021`
`£`
`33,975`
`33,975`
`33,975`
`33,975`|`2020`
`£`
`31,250`
`51,870`
`83,120`
`(16,995)`|`2020`
`£`
`66,125`|
|---|---|---|---|---|
||||||
|||||`66,125`|
|||||`66,125`|
||||||
|||||`66,125`|
```
The financial statements were approved and authorised for issue by the Trusteesand signed on their behalf
by:
```
## **`R Harris`**
```
Trustee
Date: 14 February 2022
```
```
The notes on pages 7 to 12 form part of these financial statements.
```
```
Page 6
```
```
CATKIN PUSSYWILLOW CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021`**
## **`1. Accounting policies`**
## **`1.1 Basis of preparation of financial statements`**
```
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant notes to these
accounts. The financial statements have been prepared in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (Effective 1 October 2019) and Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
```
```
Catkin Pussywillow 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.
```
## **`1.2 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 Charityand which have not been designated for other
purposes.
```
## **`1.3 Going concern`**
```
The trustees have reviewed the circumstances of the charity, and consider that adequate resources
continue to be available to fund the activities of the charity for the foreseeable future. The trustees
consider that there are no material uncertainties about the charity's ability to continue as a going
concern. Due to the nature of the charity's activities the trustees do not expect the impact of Covid-
19 and the measures taken to contain it to be significant to the charity.
```
## **`1.4 Income`**
```
All income is recognised once the Charityhas entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
```
```
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
```
```
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
```
## **`1.5 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.
```
```
Governance costs are those incurred in connection with administration of the charity and
compliance with constitutional and statutory requirments.
```
```
Page 7
```
```
CATKIN PUSSYWILLOW CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021`**
## **`1. Accounting policies (continued)`**
## **`1.5 Expenditure (continued)`**
```
Grants payable are charged in the yearwhen the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as
a commitment, but not accrued as expenditure.
```
## **`1.6 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 bank.
```
## **`1.7 Debtors`**
```
Trade and other debtors are recognised at the settlement amount.
```
## **`1.8 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.
```
## **`1.9 Liabilities and provisions`**
```
Liabilities are recognised when there is an obligation at the reportingdate as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
```
```
Liabilities are recognised at the amount that the Charityanticipates it will pay to settle the debt.
Provisions are measured at the best estimate of the amounts required to settle the obligation
```
## **`2. Income from donations and legacies`**
||`Unrestricted`|`Total`|`Total`|
|---|---|---|---|
||`funds`|`funds`|`funds`|
||`2021`|`2021`|`2020`|
||`£`|`£`|`£`|
|`Donations`|`151,737`|`151,737`|`161,270`|
```
Page 8
```
## **`CATKIN PUSSYWILLOW CHARITABLE TRUST`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021`**
## **`3. Investment income`**
```
Interest receivable
```
|`Unrestricted`|`Total`|`Total`|
|---|---|---|
|`funds`|`funds`|`funds`|
|`2021`|`2021`|`2020`|
|`£`|`£`|`£`|
|`13`|`13`|`224`|
|**`4.`**
**`Grants to institutions`**
`486 J Foundation`
`Anglo Israel Association`
`Barts Hospital`
`Caring Matters Now`
`Friends of UCLA`
`Jerusalem Foundation UK`
`Hampstead Theatre`
`HVP UK`
`London Symphony Orchestra`
`Royal Collection Trust`
`St Ann's College`
`St Marks Hospital`
`Theatre Development Trust`
`University of California Trust UK`
`Gifts under £3,000`|`2021`
`£`
`-`
`-`
`30,000`
`25,000`
`-`
`30,000`
`50,000`
`5,000`
`-`
`-`
`10,000`
`5,500`
`20,000`
`-`
`3,000`
`178,500`|`2020`
`£`
`30,000`
`5,000`
`-`
`25,000`
`40,250`
`-`
`100,000`
`-`
`20,000`
`20,000`
`-`
`-`
`-`
`38,750`
`5,500`|
|---|---|---|
|||`284,500`|
## **`5. Governance costs`**
|`Accountancy fees`
`Independent examiners fees`|`Unrestricted`
`funds`
`2021`
`£`
`2,400`
`3,000`
`5,400`|`Total`
`funds`
`2021`
`£`
`2,400`
`3,000`
`5,400`|`Total`
`funds`
`2020`
`£`
`2,400`
`3,000`|
|---|---|---|---|
||||`5,400`|
```
Page 9
```
## **`CATKIN PUSSYWILLOW CHARITABLE TRUST`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021`**
## **`6. Independent examiner's remuneration`**
||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|`Fees payable to the Charity's independent examiner for the independent`|||
|`examination of the Charity's annual accounts`|`3,000`|`3,000`|
## **`7. Trustees' remuneration and expenses`**
```
During the year, no Trustees received any remuneration or reimbursement of expenses.
```
## **`8. Debtors`**
|`Other debtors`
**`Creditors: Amounts falling due within one year`**
`Accruals`|`2021`
`£`
`30,345`
`2021`
`£`
`14,475`|`2020`
`£`
`31,250`|
|---|---|---|
|||`2020`
`£`
`16,995`|
## **`9. Creditors: Amounts falling due within one year`**
```
Page 10
```
## **`CATKIN PUSSYWILLOW CHARITABLE TRUST`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021`**
|**`10.`**
**`Statement of funds`**
**`Statement of funds - current year`**
`Balance at 6`
`April 2020`
`£`
**`Unrestricted funds`**
`General Funds - all funds`
`66,125`
**`Statement of funds - prior year`**
`Balance at`
`6 April 2019`
`£`
**`Unrestricted funds`**
`General Funds - all funds`
`194,531`
**`11.`**
**`Analysis of net assets between funds`**
**`Analysis of net assets between funds - current year`**
`Current assets`
`Creditors due within one year`
**`Total`**|`Income`
`£`
`151,750`
`Income`
`£`
`156,494`|`Expenditure`
`£`
`(183,900)`
`Expenditure`
`£`
`(284,900)`
`Unrestricted`
`funds`
`2021`
`£`
`48,450`
`(14,475)`
`33,975`|`Balance at 5`
`April 2021`
`£`
`33,975`
`Balance at`
`5 April 2020`
`£`
`66,125`
`Total`
`funds`
`2021`
`£`
`48,450`
`(14,475)`|
|---|---|---|---|
||||`33,975`|
```
Page 11
```
```
CATKIN PUSSYWILLOW CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021`**
## **`11. Analysis of net assets between funds (continued)`**
## **`Analysis of net assets between funds - prior year`**
|`Current assets`
`Creditors due within one year`
**`Total`**|`Unrestricted`
`funds`
`2020`
`£`
`83,120`
`(16,995)`
`66,125`|`Total`
`funds`
`2020`
`£`
`83,120`
`(16,995)`|
|---|---|---|
|||`66,125`|
## **`12. Related party transactions`**
```
Governance costs include £2,400 (2020: £2,400) in respect of professional services payable to Adler
Shine LLP, a firm which R Harris is a consultant.
```
```
A donation of £121,377 (2020: £125,000) was received from C Atkin, a trustee of the charitable trust.
```
```
Page 12
```