Charity number: 1113059
LARA ATKIN CHARITABLE FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
LARA ATKIN CHARITABLE FOUNDATION
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 - 11 |
LARA ATKIN CHARITABLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021
TrusteesL Atkin
C Atkin
E Atkin
R Harris
B Gold
Charity registered
number1113059
Principal office16 Rosemont Road
London
NW3 6NE
AccountantsNyman Libson Paul LLP
Chartered Accountants
124 Finchley Road
London
NW3 5JS
Page 1
LARA ATKIN CHARITABLE FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021
The Trustees present their annual report together with the financial statements of Lara Atkin Charitable
Foundation (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 30 December 2005 as Lara Atkin Charitable
Foundation and is registered with the Charity Commission under the registration number 1113059.
Methods of appointment or election of Trustees
The management of the charityis the responsibility of the Trusteeswho are elected and co-opted under the
terms of the Trust deed.
Organisational structure and decision-making policies
The charity 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.
Objectives and activities
Policies and objectives
The principal object of the charity is to provide the relief of poverty, distress and sickness, the advancement of
education and the protection of health.
In compliance with the duty set out in section 4 of the Charities Act 2006 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 give careful consideration to charities
that share the charity's objectives.
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)'.
Acehivement and performance
Fundraising activities and income generation
During the year, charitable donations received amounted to £85,458 (2020: £25,000). These resources were
used to fund grants.
Page 2
LARA ATKIN CHARITABLE FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021
Financial review
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.
Reserves policy
The trustees wish to safeguard the charity's ability to support the beneficiaries in the future and aim to achieve
this by judicious management of its resources.
Principal risks and uncertainties
The Board of Trustees is responsible for the management of risks faced by the charity. All major risks to which
the charity is exposed have been identified, assessed and action taken where appropriate.
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 charity
and 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 charityand 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:
L Atkin
Page 3
LARA ATKIN CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021
Independent Examiner's Report to the Trustees of Lara Atkin Charitable Foundation ('the charity')
Ireport to the charity Trusteeson myexamination of the accountsof the charityfor the yearended 5 April
2021.
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.
This report is made solely to the charity'sTrustees, as a body,in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Mywork has been undertaken so that Imight state to the charity's
Trusteesthose matters I amrequired to state to them in an independent examiner's reportand for no other
purpose. To the fullest extent permitted by law, Ido 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: 14 February 2022
Jennifer Pope ACA
Nyman Libson Paul LLP,
Chartered Accountants
124 Finchley Road
London, NW3 5JS
Page 4
LARA ATKIN CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021
Note
Income from:
Donations and legacies
2
Other income
3
Total income
Expenditure on:
Charitable activities
4
Governance costs
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
£
85,458
21,365
106,823
75,000
4,300
79,300
27,523
23,391
27,523
50,914 |
Total
funds
2021
£
85,458
21,365
106,823
75,000
4,300
79,300
27,523
23,391
27,523
50,914 |
Total
funds
2020
£
25,000
20,000
45,000
50,000
2,400
52,400
(7,400)
30,791
(7,400)
23,391 |
|
|
|
|
The notes on pages 7 to 11 form part of these financial statements.
Page 5
LARA ATKIN CHARITABLE FOUNDATION
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
£
27,614
30,000
57,614
(6,700) |
2021
£
50,914
50,914
50,914
50,914 |
2020
£
6,250
19,541
25,791
(2,400) |
2020
£
23,391 |
|
|
|
|
|
|
|
|
|
23,391 |
|
|
|
|
23,391 |
|
|
|
|
|
|
|
|
|
23,391 |
The financial statements were approved and authorised for issue by the Trusteeson 14 February 2022and
signed on their behalf by:
L Atkin
The notes on pages 7 to 11 form part of these financial statements.
Page 6
LARA ATKIN CHARITABLE FOUNDATION
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.
Lara Atkin Charitable Foundation 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 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.
1.3 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.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
1.4 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 requirements.
Expenditure on charitable activities is incurred on directly undertaking the activities which further
the charity's objectives, as well as any associated support costs.
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.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount.
Page 7
LARA ATKIN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
1. Accounting policies (continued)
1.6 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.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheetdate 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 or
the amount it has received as advanced payments for the goods or services it must provide.
1.8 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.
2. Income from donations and legacies
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
Donations |
85,458 |
85,458 |
25,000 |
3. Other income
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
Gift aid receivable |
21,365 |
21,365 |
20,000 |
Page 8
LARA ATKIN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
4. Grants to institutions
Autism Inclusive
The British Library
HVP UK
School Homes Support
Soho Theatre Co
Solution Not Sides
St Annes College |
2021
£
5,000
10,000
25,000
5,000
5,000
15,000
10,000
75,000 |
2020
£
-
10,000
10,000
-
5,000
15,000
10,000 |
|
|
50,000 |
5. Governance costs
Unrestricted
funds
2021
£
Accountancy fee
820
Independent Examination fee
3,480
4,300
Independent examiner's remuneration
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts |
Total
funds
2021
£
820
3,480
4,300
2021
£
3,480 |
Total
funds
2020
£
600
1,800 |
|
|
2,400 |
|
|
2020
£
1,800 |
6. Independent examiner's remuneration
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or reimbursement of expenses.
Page 9
LARA ATKIN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
8. Debtors
Due within one year
Other debtors
9.
Creditors: Amounts falling due within one year
Accruals
10.
Statement of funds
Statement of funds - current year
Balance at 6
April 2020
£
General Funds - all funds
23,391
Statement of funds - prior year
Balance at
1 April 2019
£
Unrestricted funds
General Funds - all funds
30,791 |
Income
£
106,823
Income
£
45,000 |
|
2021
£
27,614
2021
£
6,700
Expenditure
£
(79,300)
Expenditure
£
(52,400) |
2020
£
6,250
2020
£
2,400
Balance at 5
April 2021
£
50,914
Balance at
5 April 2020
£
23,391 |
2020
£
6,250 |
|
|
|
|
|
2020
£
2,400 |
|
|
|
|
|
|
Page 10
LARA ATKIN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
11. Analysis of net assets between funds
Analysis of net assets between funds - current year
Current assets
Creditors due within one year
Total |
Unrestricted
funds
2021
£
57,614
(6,700)
50,914 |
Total
funds
2021
£
57,614
(6,700)
50,914 |
|
|
|
Analysis of net assets between funds - prior year
Current assets
Creditors due within one year
Total |
Unrestricted
funds
2020
£
25,791
(2,400)
23,391 |
Total
funds
2020
£
25,791
(2,400)
23,391 |
|
|
|
12. Related party transactions
Governance costs includes £820 (2020:£600) in respect of professional services payable to Adler Shine
LLP, a firm in which R Harris is a consultant.
A donation of £85,458 (2020: £25,000) was received from L Atkin, a trustee of the charity.
Page 11