| Goodwill Foundation Charitable Trust |
|||
|---|---|---|---|
| Legal and administrative | information | ||
| Charity registration | number | 1121131 | |
| Charity address | Unit 69/70 Batley Business &Technology Centre | ||
| Batley | |||
| WP176ER | |||
| Trustees | l ASheth | ||
| AAPetal | |||
| lndependentgxamfner | WAhead BScACA | ||
| AHM Chartered Accountants | |||
| The Beeches | |||
| 20Ring Road Shadweg | |||
| Leeds, LS17SNJ | |||
| Bankers | Bardays Bank Pic | ||
| 25 Circular Road | |||
| Eagle Court, Doughn | |||
| IsleofMan, IM99 1RB |
| Statement | ofFtnandal | Activities forthe | ear ended 31Au | t2020 | |||
|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | 2020 | 2019 | |||
| Funds | Funds | Total | Total | ||||
| lltcoule | |||||||
| Voluntary Income: Donations |
126,114 | 126,114 | 446,244 | ||||
| Investment | income | 3 | 3 | 438 | |||
| Total income | 126117 | 126117 | 446,682 | ||||
| Expenditure | |||||||
| Expenditure | on Charitable acdvities | 135,000 | 135,000 | 679,000 | |||
| Management | &Administration | expenses | 648 | 602 | |||
| Toml Expenditure | 135640 | 135,640 | 679.602 | ||||
| Net (degclt) | / Income forthe | year | ,531 | 9,531 | 232,920 | ||
| Total funds | brought forward | 25261 | 25461 | 258,181 | |||
| Total fullds | tarried forwartl | 15,730 | 25,730 | 25,261 |
| 2019 | 2019 | |||
|---|---|---|---|---|
| Notes | 6 | 6 | ||
| Current Assets | ||||
| Cash atbank | and in hand | 16,863 | 25,821 | |
| 16,863 | 25,821 | |||
| Creditors: Amount galgng due within one yean | 1133 | 560 | ||
| Net Current | Assets | 15,730 | 25761 | |
| Total Assets | less Current LfabIUties | 15,730 | 25,261 | |
| NetAssats | 25,261 | |||
| Funds ofthe | charity: | |||
| Restricted funds | 8 | |||
| Unrestricted | funds | 8,9 | 15,730 | 25,261 |
| Total Funds | 15,730 | 25,261 |
| financialstatements | |
|---|---|
| Notes tothe th ear ended 31Au st2020 |
|
| 1.Accounting policlesi | The principal accounting policies are summarlsed below. The accounting polides have been appged consistently throughout |
| the year and the preceding year. | |
| (a) Basis ofpreparation | The accounts (gnancial statements) have been prepared under the histnrical costconvention with items recognised atcost |
| ortransaction value unless otherwise stated in the relevant note(s] tothese accounts. |
|
| The Unsocial statements have been prepared in accordance with the second edition ofthe Charities Statement of |
|
| Recommended Practice issued in Ocmber 2019,the Ftnanrial Reporting Standard applicable in the United Kingdom and Republic ofireland (FRS102)and the Charities Act2011. |
|
| The accounts (Enancial statements) have been prepared m give a"true and Odr" view and have deparmd from the Charities (Accounts and Reporis) Regulations 2008only to the extent required toprovide a"trna and fair view". This departure has involved following the relevant versioa ofthe Statement ofRecommended Practice applicable tocharities preparing their accounts in accordance with the Finaacial Reporting Standard applicable in the UK and Republic ofIreland (FRS102)rather than the Accounting and Reporting by Charities: Statemtnt ofRecommended Practice ell'ective fmm 1April 2005which has |
|
| since been withdrawn. | |
| (b) Fund accounting | General funds are unremicmd funds which are available forthe use ofdiscretion ofthe trustees in furtherance ofthe general objectives ofthe charity and has not been put aside forother purposes. Restricted funds are funds which are tobe used in |
| acconlaace with sparge restrictions which bas been raised by Ihe charity foraspecl6c purpose. The costofraising aud adndnistering such funds are charged against the specigc fund. |
|
| (c)lacoming resources | AU incoming resources mu induded in the statement offinancial activities when the charity isentitled tothe income and the |
| amount can be quantlged with reasonable accuracy The following sperigc polidas are applied tothe pard euler categories of income.: |
|
| Voluntary income is received by way ofgrants, donations and glRs and isincluded in full in the statement offmandaj activities when receivable, Grants where entitlement isnot conditional on the delivery ofaspeciTic performance by the charity, are recognised when the charily becomes unconditionally entlded tothe grant. |
|
| Donated services and facilities are included atthe value ofthe charity where itcan be quantiTied. The value of | |
| servims provided by volunteers has not been Induded. |
|
| (c)Resources expended | Expendlmre is recognised on an accruals basis asaUabllity is incurred. Expenditure indudes any VATwhich cannot be fully recovered, and isrepormd aspart ofthe expenditure towhich itrelates. |
| Charitable expenditure comprises those costs incurred by the charity in the delivery ofits acdvities and services forits benegdaries. ItIndudes both costs that can be agocamd tosuch activities and those costs ofan iniUrect nature nemssary to support them. |
|
| (d) Going conern | |
| The printdple risk faring the charity isits abiTity togenerate suRrient income tocover expenditure incurred in fulgging the objectives ofthe charity. The trustees have reviewed the cash position and cash forecasts atthe date ofsigning the accounts and are sausged that the charity will be able tomeet agofits Enencial commitments. Asaconsequence the trustees begeve dmt the charity iswell placed to maaage its flnandal risks successfully despite the current uncertain emnomlc ouriook, especiaUy with regard to Covid-19 and that the charity has adequate reserves tocontinue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in preparing the accounts. |
|
| 2.Donations | 2020 Unrestricted funds 2019 Unrestricted funds |
| Donations from individuals 6organisatl one 6 126.114 5 446,244 |
| 2020 | 2020 | 2O19 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.Investment | income | Unrestricted | funds | Unrestricted | funds | ||||||||
| 5 | 6 | ||||||||||||
| Bank interest received | 3 | 438 | |||||||||||
| *Costofcharitable activities | |||||||||||||
| Charitable | scuvities | 135,000 | 679,000 | ||||||||||
| Administrative | costs | 602 | |||||||||||
| 235XI40 | 679,602 | ||||||||||||
| 5.Trustees' | remunemuon | ||||||||||||
| Employment | mats | ||||||||||||
| None ofthe trustees received feesor | expenses during the | year [2019:ail).No peisons | were employed | during | the year | (2019:nil) | |||||||
| 2020 | 2019 | ||||||||||||
| 6.Independent examlnatioa fees |
6 | 6 | |||||||||||
| sees payable | tothe independent examiner |
for examination | ofthe Bnancial statements | 500 | 500 | ||||||||
| 7.Creditors: | amouats sailing due within | one year | 2020 | 2019 | |||||||||
| 5 | 5 | ||||||||||||
| Other creditors | 1,133 | 560 | |||||||||||
| 1,133 | 560 | ||||||||||||
| lLAnalyslsofcharitablefunds | |||||||||||||
| At1September | incoming | Outgoing | At | 31August | |||||||||
| 2019 | resources | resources | 2020 | ||||||||||
| '6 | 6 | 6 | |||||||||||
| Restricted funds | |||||||||||||
| Unrestricted Total funds |
funds | 25261 25461 |
126117 126,117 |
135648 135,648 |
15730 1S,730 |
| Unrestricted | Restricted | 2020Total | 2019Total | ||
|---|---|---|---|---|---|
| funds 5 | funds 6 | Funds 6 | Funds 6 | ||
| Current Current |
assets liabflities |
16AI63 (1,133) |
16,863 (1133) |
25,821 (560) |
|
| 15,730 | 15730 | 25261 |