| pedes | ||
|---|---|---|
| Ttustees' Annual ttepmt | 2to9 | |
| Independent Examine@ Iteport |
6 | |
| Statement offtnandal | ActhdNes | |
| Balance Sheet | 8 | |
| Notes tothe Accounts | 9toi6 | |
| Detailed Statement of | Finandal Adhdties | 1'f |
| for the year | ended 91M | arch 2022 | |||
|---|---|---|---|---|---|
| Total funds | Total funds | ||||
| 2022 | 2021 | ||||
| Notes | E | E | |||
| Income and | endowments | from: | |||
| Donations | and legacies | 163,192 | 136,968 | ||
| Other | 11,467 | 26,134 | |||
| Total | 174,659 | 163,102 | |||
| Expenditure | on: | ||||
| Charitable | activities | 103,245 | 47,645 | ||
| Other | 5 | ||||
| Total | 103,250 | 47,645 | |||
| Net gains on investments | |||||
| Net income | 71,409 | 115,457 | |||
| Net income | before other | gains/(losses) | 71,409 | 115,457 | |
| Other gains | and losses | ||||
| Net movement in funds |
71,409 | 115,457 | |||
| Reconciliation offunds: | |||||
| Total funds brought forward | 232,195 | 116,738 | |||
| Total funds carried forward | 303,604 | 232,195 |
| at 31March 20 | 22 | 22 | 22 | |||
|---|---|---|---|---|---|---|
| Company No. |
05704054 | Notes | 2022 | 2021 | ||
| 8 | 6 | |||||
| Current assets | ||||||
| Debtors | 10 | 9,796 | 58,522 | |||
| Cash at bank | and | in hand | 296,334 | 177,365 | ||
| 306,130 | 235,887 | |||||
| Creditors: Amount | falling due within one year | (2,526) | (3,692) | |||
| Net current assets | 303,604 | 232,195 | ||||
| Total assets less | current liabilities | 303,604 | 232,195 | |||
| Net assets excluding | pension asset or liability | 303,604 | 232,195 | |||
| Total net assets | 303,604 | 232,195 | ||||
| The funds ofthe | charity | |||||
| Unrestricted funds |
12 | |||||
| Generalfunds | 263,628 | 203,686 | ||||
| Others | 39,976 | 28,509 | ||||
| 303,604 | 232,195 | |||||
| Total funds | 303,604 | 232,195 |
| Drop4Drop | Ltd meets the definition of a public benefit |
Ltd 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 notes. | ||||||
| Fund accounting | |||||||
| Unrestricted | funds | These are available for use at the discretion of the trustees in furtherance of |
the | ||||
| general objects ofthe charity. | |||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees for particular |
purposes. | ||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | |||
| restatement ofinvestment assets at their market values. |
|||||||
| Restricted | funds | These are available for use subject | to restrictions imposed |
by the donor or through | |||
| terms ofan appeal. | |||||||
| Income | |||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when the charity | ||||
| income | becomes entitled to, and virtually | certain to receive, the income and | the amount | of | |||
| the income can be measured with |
sufficient reliability. |
||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure |
is | |||
| expenditure | reported gross in the SoFA. |
||||||
| Donations | and | Donations are recognised when the charity has been notified in writing of both |
the | ||||
| legacies | amount and settlement date. In the event that a donation |
is subject | to conditions | ||||
| that require a level of performance | by the charity before | the chadity | is entitled | to | |||
| the funds, the income is deferred | and not recognised until |
either those conditions | |||||
| are fully met, or the fulfilment of |
those conditions is wholly within |
the control | of | ||||
| the charity and it is probable that | these conditions will be |
fulfilled in |
the reporting | ||||
| period. |
| 3 Statemen |
t | ofFinancial | Activities - prior year | |||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | |||||
| 2021 | 2021 | |||||
| Income and endowments | from: | |||||
| Donations | and legacies | 136,968 | 136,968 | |||
| Other | 26,134 | 26,134 | ||||
| Total | 163,102 | 163,102 | ||||
| Expenditure | on: | |||||
| Charitable | activities | 47,645 | 47,645 | |||
| Total | 47,645 | 47,645 | ||||
| Net income | 115,457 | 115,457 | ||||
| Net income before other | 115,457 | 115,457 | ||||
| gains/(losses) | ||||||
| Other gains and losses: | ||||||
| Net movement | in funds | 115,457 | 115,457 | |||
| Reconciliation | offunds: | |||||
| Total funds brought forward | 116,738 | 116,738 | ||||
| Total funds carried forward | 232,195 | 232,195 | ||||
| 4 Income from donations |
and legacies | |||||
| Unrestricted | Total | Total | ||||
| 2022 | 2021 | |||||
| Charity incoming resources | 163,192 | 163,192 | 136,968 | |||
| (projects) | ||||||
| 163,192 | 163,192 | 136,968 |
| 5 | Other Income | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| 2022 | 2021 | |||||
| E | E | |||||
| Furlough income (HMRC) |
11,467 | 11,467 | 26,134 | |||
| 11,467 | 11,467 | 26,134 | ||||
| 6 | Expenditure on charitable |
activities | ||||
| Unrestricted | Total | Total | ||||
| 2022 | 2021 | |||||
| Expenditure on charitable |
||||||
| activities | ||||||
| Direct costs | 62,423 | 62,423 | 16,984 | |||
| Governance costs |
||||||
| Allocated support wages &salaries |
cost- | 35,387 | 35,387 | 25,970 | ||
| Allocated support cost-pension |
725 | 725 | 592 | |||
| Other governance | cost | 4,710 | 4,710 | 4,099 | ||
| 103,245 | 103,245 | 47,645 | ||||
| 7 | Analysis ofgrants | |||||
| Grants to | ||||||
| Activity or programme | Institutions | Total | Total | |||
| 2022 | 2021 | |||||
| Money Corporation | 62,423 | 62,423 | ||||
| Casco Financial Services Ltd | ||||||
| (Caasco FX) | 16,953 | |||||
| 62,423 | 62,423 | 16,953 | ||||
| 8 | Other expenditure | |||||
| Unrestricted | Total | Total | ||||
| 2022 | 2021 | |||||
| Bank charges |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Pension costs | 725 | 592 | ||||||
| 725 | 992 | |||||||
| No employee | received emoluments | In excess ofE60,000. | ||||||
| The average monthly | number offull | time equivalent | employees | during the year was as follows: | ||||
| 2022 | 2021 | |||||||
| Number | Number | |||||||
| 2 | 1 | |||||||
| 2 | 1 | |||||||
| 10 | Debtors | |||||||
| 2022 | 2021 | |||||||
| f | E | |||||||
| Trade debtors | 53,022 | |||||||
| Prepayments | and accrued income | 9,796 | 5,500 | |||||
| 9,796 | 58,522 | |||||||
| 11 | Creditors: | |||||||
| amounts | falling due within one year | |||||||
| 2022 | 2021 | |||||||
| f | f | |||||||
| Trade creditors | 78 | 1,554 | ||||||
| Other taxes and social security | 776 | 477 | ||||||
| Other creditors | 172 | 159 | ||||||
| Accruals | 1,500 | 1,502 | ||||||
| 2,526 | 3,692 |
| Incoming | ||||||||
|---|---|---|---|---|---|---|---|---|
| resources | At31 | |||||||
| (Including | Resources | March | ||||||
| At 1April | other gains/losses |
expended | 2022 | |||||
| 2021 | )f | |||||||
| Restricted funds: | ||||||||
| Unrestricted | funds; | |||||||
| Generalfunds. | 203,686 | 163,192 | (103,250) | 263,628 | ||||
| Others: | ||||||||
| Other reserves | 28,509 | 11,467 | 39,976 | |||||
| Total | 28,509 | 11,467 | 39,976 | |||||
| Tota Ifunds | 232,195 | 174,659 | (103,250) | 303,604 | ||||
| Previous | year | |||||||
| At31 | ||||||||
| At 1April | Incoming | Resources | March | |||||
| 2020 | resources | expended | 2021 | |||||
| General | funds | 114,363 | 136,968 | (47,645) | 203,686 | |||
| Other | 2,375 | 26,134 | 28,509 | |||||
| Total | 116,738 | 163,102 | (47,645) | 232,195 | ||||
| Otherreserves | ||||||||
| 13 | Analysis | ofnet assets between | funds | |||||
| Unrestncted | ||||||||
| Total | ||||||||
| funds | ||||||||
| f | ||||||||
| Current | assets | 306,130 | 306,130 | |||||
| Current | liabilities | (2,526) | (2,526) | |||||
| Total net assets | 303,604 | 303,604 | ||||||
| Total funds | ||||||||
| at 31 | ||||||||
| Unrestricted | March | |||||||
| 14 | funds (f) | 2021(f) | ||||||
| Current | assets | 235,887 | 235,887 | |||||
| Current | liabilities | (3,692) | (3,692) | |||||
| Total net assets | 232,195 | 232,195 |
| 15 | Reconciliation ofnet | debt | |||||||
|---|---|---|---|---|---|---|---|---|---|
| At31 | |||||||||
| At1April | March | ||||||||
| 2021 | Cash flows | 2022 | |||||||
| E | E | E | |||||||
| Cash and cash equivalents | 177,365 | 118,969 | 296,334 | ||||||
| 177,365 | 118,969 | 296,334 | |||||||
| Net debt | 177,365 | 118,969 | 296,334 | ||||||
| 16 | Commitments | ||||||||
| Pension commitments | |||||||||
| 2022 | 2021 | ||||||||
| E | |||||||||
| The pension cost charge tothe company | |||||||||
| amounted to; |
725 | 592 | |||||||
| Unpaid contributions | due | tothe fund | are | ||||||
| included in other creditors |
and amounted to: | 172 | 159 | ||||||
| 17 | Related party disclosures | ||||||||
| 2022 | 2021 | ||||||||
| Transactions with related |
parties | E | E | ||||||
| Nome ofrelated party | K.L Barry | ||||||||
| Description ofrelationship | Trustee | ||||||||
| between the parties |
|||||||||
| Trustee | ofthe charity is | also | 81,609 | 28,631 | |||||
| director | of UK company, | Life UK | |||||||
| Description oftransoction | Umited. | During the | year, charity | ||||||
| and general amounts | received | charitable | donations | ||||||
| involved | of | ||||||||
| Nome ofrelated party | S.C. Konecki | ||||||||
| Description ofrelationship | Trustee | ||||||||
| between the parties | |||||||||
| Trustee | ofthe charity isalso | 81,609 | 28,631 | ||||||
| director | of UK company, | Ufe UK | |||||||
| Description oftransaction | limited. | During the | year, | charity | |||||
| and general amounts | received | charitable | donations | ||||||
| involved | of | ||||||||
| Controlling party |
| Income and endowments | from: | ||||||
|---|---|---|---|---|---|---|---|
| Donations and legacies |
|||||||
| Charity incoming resources (projects) | 163,192 | 163,192 | 136,968 | ||||
| 163,192 | 163,192 | 136,968 | |||||
| Other | |||||||
| Furlough income (HMRC) |
11,467 | 11,467 | 26,134 | ||||
| 11,467 | 11,467 | 26,134 | |||||
| Total income and endowments | 174,659 | 174,659 | 163,102 | ||||
| Expenditure on: |
|||||||
| Charitable activities |
|||||||
| Direct cost | 62,423 | 62,423 | 16,984 | ||||
| 62,423 | 62,423 | 16,984 | |||||
| Governance costs |
|||||||
| Allocated support cost- | wages & salaries | 35,387 | 35,387 | 25,970 | |||
| Allocated support cost-pension | 725 | 725 | 592 | ||||
| Other governance cost |
4,710 | 4,710 | 4,099 | ||||
| 40,822 | 40,822 | 30,661 | |||||
| Total ofexpenditure on |
charitable | activities | 103,245 | 103,245 | 47,645 | ||
| General administrative | costs, including | ||||||
| depreciation and amortisation |
|||||||
| Bank charges | |||||||
| Total ofexpenditure of |
other costs | 5 | 5 | ||||
| Total expenditure | 103,250 | 103,250 | 47,645 | ||||
| Net income | 71,409 | 71,409 | 115,457 | ||||
| Net income before other | gains/(losses) | 71,409 | 71,409 | ' | 115,457 | ||
| Net movement in funds |
71,409 | 71,409 | 115,457 | ||||
| Reconciliation offunds: |
|||||||
| Total funds brought forward | 232,195 | 232,195 | 116,738 | ||||
| Total funds carried forward | 303,604 | 303,604 | 232,195 |