## ## ||||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| ## ##