NORFOX
CHARITY REGISTERED NO. 1110575
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022
NORFOX CHARITY REGISTERED NO. 1110575
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2022
REFERENCE AND ADMINISTRATIVE INFORMATION
The Charity is registered with the Charities Commission, its registration number is 1177908.
The principal office of the Charity is 265 Green Lane, Heaton Norris, Stockport SK4 2LZ
TRUSTEES
The Trustees of the charity are:-
Stewart Grant Helen Thomas Barbara Wroblewski Stephanie Corrigan Christopher Corrigan Aisling Elsom Fiona Lewis Andrew Gardiner
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is constituted as a body corporate under Part 11 of the Charities Act 2011 and is governed by its constitution which was adopted on 23 June 2003. Norfox is run by its board of trustees and is governed by its constitution.
Recruitment and Appointment of Directors and Trustees
The trustees of the Charity are appointed in accordance with Charity’s constitution.
OBJECTIVES AND ACTIVITIES
The objects of the charity are, for the benefit of the public: in particular children and young people in the North West of England.
Our main activities are fundraising events to engage with our key sponsors and supporters.
We confirm the trustees have had due regard to the Charity Commission’s guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
This year our small charity will have donated £360,000 raised since inception to a wide ranging number of children’s and young people’s charities with the enduring support of our sponsors and guests at our events at Christmas and in the Summer. That support comes in the main from the Property and Construction industry and allied professions. Since inception we have been able to donate to over 70 small/medium sized children’s and young people’s charities on their behalf.
FINANCIAL REVIEW
The attached receipts and payments accounts show the current state of the finances, which the Trustees considers to be acceptable. Total incoming resources were £26,446 and total outgoing payments amounted to £26,370, the net surplus/deficit for the year was £76. Unrestricted funds amounted to £9,926 and restricted funds carried forward amounted to £Nil.
NORFOX CHARITY REGISTERED NO. 1110575
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2022
Reserves Policy
In light of the main risks to the Charity the Trustees have made a decision that the Charity should aim to keep funds at a suitable level in order to meets its ongoing liabilities.
PUBLIC BENEFIT
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning the future activities of the Charity, These are shown above in the section 'Objectives and activities'.
Signed on behalf of the charity’s trustees by:
Helen Thomas Treasurer Date: 17/08/2023
NORFOX CHARITY REGISTERED NO. 1110575
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
I report to the charity trustees on my examination of the receipts and payments accounts of the charity for the year ended 31 August 2022 which are set out on the following pages.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiners' statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Charities Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
James Wheelan FCCA James Wheelan Accountancy Limited Chartered Certified Accountants Minshull House, 67 Wellington Road North, Stockport, SK4 2LP
Date: 17/08/2023
NORFOX
CHARITY REGISTERED NO. 1110575
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST AUGUST 2022
| Receipts Donations, legacies and grants Fundraising events Investment income Total receipts Payments Cost of fundraising events Grants and donations paid Subscriptions Sub total Asset and investment purchases Total payments Net of receipts/(payments) Transfers between funds Cash funds brought forward at 1 September 2021 Cash funds carried forward at 31 August 2022 |
Unrestricted Funds Restricted Funds Total 2022 447 - 447 25,992 - 25,992 7 - 7 |
|---|---|
| 26,446 - 26,446 |
|
| 10,697 - 10,697 15,275 - 15,275 398 - 398 |
|
| 26,370 - 26,370 - - - |
|
| 26,370 - 26,370 |
|
| 76 - 76 - - - 9,850 - 9,850 |
|
| 9,926 - 9,926 |
NORFOX CHARITY REGISTERED NO. 1110575
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST AUGUST 2022
| CASH FUNDS Current account Total cash funds ASSETS Other debtors Total assets LIABILITIES Accruals Total liabilities |
Unrestricted Funds Restricted Funds Total 2022 9,926 9,926 |
|---|---|
| 9,926 227 - 9,926 227 |
|
| 227 227 600 600 |
|
| 600 600 |
NORFOX
CHARITY REGISTERED NO. 1110575
NOTES TO THE ACCOUNTS
1. RELATED PARTY TRANSACTIONS
Due to restrictions on internet banking during the year, Trustee, Helen Thomas, transferred £12,556 to her personal bank account in order to facilitate on-line payments for fundraising event costs, donations and processing fees. At the end of the accounting period a balance of £227.40 was owed back to the charity by Helen Thomas.
A payment of £33 was made to Trustee, Fiona Lewis, in order to reimburse her for domain registration fee’s she had incurred on behalf of the charity.
A payment of £45.73 was made to Trustee, Barbara Wroblewski, in order to reimburse her for lighting costs at the summer event which she had incurred on behalf of the charity.
Payments totalling £142.85 were made to Trustee Stephanie Corrigan, in order to reimburse her for decoration costs at the summer event and balloon costs at the Christmas event which she had incurred on behalf of the charity.