| Page | ||
|---|---|---|
| Trustees' report |
||
| Independent examiner's |
report | |
| Statement offinancial actfvies | ||
| Salance sheet | ||
| Notes to the financial statements | 5-9 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| Notes | 6 | ||||
| Ittggmttffttm; | |||||
| Donations and legacies |
2 | 203,603 | 173,634 | ||
| Investment income |
3 | 17 | |||
| Total income | 203,603 | 173,651 | |||
| EXttgtttI(ttttfLtttg | |||||
| Charitable activities |
4 | 164,267 | 185,334 | ||
| Net income/(expenditure) | for the year/ | ||||
| Net movement | in funds | 39,336 | (11,683) | ||
| Fund balances | at 1 September 2020 | 5,031 | 16,714 | ||
| Fund balances | at 31August 2021 | 44,367 | 5,031 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | 6 | |||||
| F(xed assets | ||||||
| Tangible assets | 3,882 | 5,180 | ||||
| Current assets | ||||||
| Debtors | 50,346 | 13,204 | ||||
| Cash at bank and in | hand | 46,060 | 9,149 | |||
| 96,406 | 22,353 | |||||
| Creditors: amounts | falling due within | |||||
| one year | 9 | (55,921) | (22,502) | |||
| Net current assets/((iabilities) | 40,485 | (149) | ||||
| Total assets less cunsnt liabilities | 44,367 | 5,031 | ||||
| Income funds | ||||||
| Unrestricted funds |
44,367 | 5,031 | ||||
| 44,367 | 5,031 |
| Accounting policies (Continued) |
|
|---|---|
| 1.6 | Tangible Axed assets |
| Tangible fixed assets are inifially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impainni. nt losses. |
|
| Depreciation is recognised so as to write off the cost or valuation ofassets less their residual values over |
|
| their useful lives on the following bases: | |
| Land and buildings Leasehold Over the life ofthe lease |
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| Fixtures, fittings &equipment 25% reducing balance |
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| The gain or loss arising on the disposal of an asset is determined as the difference between the sale |
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| proceeds and the carrying value ofthe asset, and is recognised in net incomel(expenditure) for the year. |
|
| 1.? | Impairment offixed assets |
| At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. Ifany such indication exists, the recoverable amount ofthe asset is estimated in order to determine the extent ofthe impairment loss (ifany). |
|
| 1.8 | Cash and cash equivalents |
| Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafis. Bank overdrafts are |
|
| shown within borrowings in current liabilities. |
|
| 1.9 | Financial Instruments |
| The trust has elected to apply the provisions of Section 11 'Basic Financial Insbuments' and Section 12 'Other Financial Instruments issues' ofFRS 102to all ofits financial instruments. |
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| Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions ofthe instrument. |
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| Financial assets and liabilities are oifset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set offthe recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
|
| Basic financial assets | |
| Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transacfion price induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction |
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| is measured at the present value of the future receipts discounted at a market rate of interest. Financial |
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| assets dassified as receivable within one year are not amortised. |
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| Basic flnancial fiabiflfles | |
| Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the |
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| present value ofthe future payments discounted at a market rate of interest. Financial liabilities dassled |
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| as payable within one year are not amortised. |
|
| Derecognifion offinancia liabilities | |
| Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled. |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2021 | 2020f |
| 203,603 | 173,634 |
| Total | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | ||||||
| 2021 | 2020 | |||||
| f | f. | |||||
| Interest receivable | 17 | |||||
| Charitable | activities | |||||
| Direct | Support and | Total | Total | |||
| Charitable | Governance | 2021 | 2020 | |||
| Expenditure f |
||||||
| Depreciation | and impairment | 1,298 | 1,298 | 1,728 | ||
| Charitable | expenditure | 136,824 | 136,824 | 146,272 | ||
| Charitable | donations | 10,107 | 10,107 | 15,990 | ||
| Professional | fees | 9,625 | 9,625 | 11,565 | ||
| 146,931 | 10,923 | 157,854 | 175,555 | |||
| Provision for | doubtful debts | 6,413 | 6,413 | 9,779 | ||
| 153,344 | 10,923 | 164,267 | 185,334 |
| 6 | Employees | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Number of | employees | ||||||||
| The average | monthly | number ofemployees | during the | year was: | |||||
| 2021 | 2020 | ||||||||
| Number | Number | ||||||||
| Part time employees | |||||||||
| There were | no employees whose annual |
remuneration | was f60,000 | or more. | |||||
| 7 | Tangible fixed assets | ||||||||
| Land and | Flxturee, | Total | |||||||
| sugdlnga | ettlnga a | ||||||||
| Launch oldf | mtulpmentf | ||||||||
| Cost | |||||||||
| At 1 September 2020 | 177,501 | 36,036 | 213,537 | ||||||
| At 31August | 2021 | 177,501 | 36,036 | 213,537 | |||||
| Depreciation | and impairment | ||||||||
| At 1 September 2020 | 177,501 | 30,856 | 208,357 | ||||||
| Depreciation | charged | in the year | 1,298 | 1,298 | |||||
| At 31August | 2021 | 177,501 | 32,154 | 209,655 | |||||
| Carrying amount |
|||||||||
| At 31August | 2021 | 3,882 | 3,882 | ||||||
| At 31August | 2020 | 5,180 | 5,180 | ||||||
| 8 | Debtors | ||||||||
| Amounts falling due |
within one year: | 2021f | 2020f | ||||||
| Other debtors | 49,282 | 11,802 | |||||||
| Prepayments | and accrued income | 1,064 | 1,402 | ||||||
| 50,346 | 13,204 |
| 9 | Credhora: amounts | falling due within one year | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 5 | ||||
| Deferred income | 49,854 | 3,324 | ||
| Other creditors | 6,067 | 19,178 | ||
| 55,921 | 22,502 |