REGISTERED CHARITY NUMBER: 1121395
STEVE PRESCOTT FOUNDATION REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
STEVE PRESCOTT FOUNDATION REPORT OF THE TRUSTEES 31 DECEMBER 2021
The trustees present their report with the financial statement of the charity for the year ended 31 December 2021. The trustees have prepared the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number
1121395
Principal Address
2 Kilsyth Close Fearnhead Warrington WA2 0SQ
Trustees
M Denning L Prescott A Cunliffe
Independent Examiner
Trevor Hall Associates Limited- Accountants 30 Hamilton Road Garswood Wigan Lancashire WN4 0SU
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Documents
The charity is controlled by its governing document, a deed of trust dated 1 October 2007 and constitutes an unincorporated charity.
Trustees
The trustees who have served during the year and since the year end are set out above. Trustees are appointed each year at the annual general meeting. The trustees meet annually at the annual general meeting and at extra ordinary general meetings as required.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
1. The relief of financial hardship among current and former rugby football players by supporting the activities of Rugby Football League Benevolent Fund.
2. The relief of sickness and preservation of good health, in particular but not exclusively of patients of Christie Hospital in Manchester, by providing or assisting the provision of equipment, facilities and services not normally provided by the statutory authorities.
3. To support the continuation of research into Pseudomyxoma Peritonei (PMP) and assist PMP and cancer patients in the manner Steve Prescott MBE would wish via the SPF special causes fund.
Significant Activities
The foundation activities this year to raise money was;
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St Helens 10k run
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1000 Mile Walk Challenge
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Taylors #100in48
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Yorkshire 3 Peaks
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JB Bowls Challenge
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La Cala Golf Weekend
To raise awareness and monies for the RFL Benevolent Fund and Christies Hospital Manchester and SPF special causes fund.
STEVE PRESCOTT FOUNDATION REPORT OF TRUSTEES 31 DECEMBER 2021
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
With the support of the general public, Rugby League supporters and both past and present players the charity has held another successful year.
The biggest event of the year was Challenge Wembley.
FINANCIAL REVIEW
Reserve Policy
Monies are held in one principal bank account. We do not hold a large amount in reserves as we donate as soon as it is reasonably possible.
FUTURE DEVELOPMENTS
Looking forward to the next 12 months the charity is hoping to raise as much awareness and money as they can for the Christie, The RFL Benevolent Fund and the SPF Special Causes Fund.
Planned Events for next 12 months include
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St Helens 10k
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1000 Mile Walk Challenge
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Yorkshire 3 Peaks
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JV Bowls Challenge
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La Cala Golf Weekend
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Everest Challenge
The Charity will continue to endeavour to reduce costs and raise funds for the causes it supports.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report if the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
The Law applicable to charities in England and Wales, the Charities Act 2011, Charity (accounts and Reports) Regulations and the provision of the trust deed requires the trustees to prepare financial statement for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charity SORP;
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Make Judgments and estimates that are reasonable and prudent;
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Prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the charity (Accounts and Reports) regulations and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE BOARD:
M. Denning - Trustees Date: 12/07/2022
STEVE PRESCOTT FOUNDATION INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF STEVE PRESCOTT FOUNDATION
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under Section 144-147 and 151-155) of the charities Act 2011 (the 2011 Act) and that an independent examination is required.
It is my responsibility to:
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Examine the accounts under Sections 144-147 and 151-155 of the 2011 Act
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To follow the procedures laid down in the General directions given by the charity Commission (under Section 144-147 and 151-155 of the 2011 Act ) ; and
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To state whether particular matters have come to my attention
Basis of the independent Examiners report
My examination was carried out in accordance with the 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 you as trustees from you as 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 account present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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Which gives me reasonable cause to believe that, in any material respect, the requirements:
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To keep accounting records in accordance with 2011 Act; and
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To Prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
Have not been met: or
- To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Trevor Hall Associates Limited - Accountants 30 Hamilton Road Garswood Wigan Lancashire WN4 0SU
Date 12/07/2022
STEVE PRESCOTT FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES 31 DECEMBER 2021
| Notes INCOMING RESOURCES Incoming Resources from generated funds Investment Income Incoming resources from charitable activities Snowden Challenge Dip For Pecky 2.6 Challenge Lejog Run 1000 Mile Walk Challenge 2021 1000 Mile Walk Challenge 2022 UK Golf Days La Cala Golf 2021 JV Bowls 2021 Ruskin Christmas Market 2021 Taylors 100 in 48 10k Run 2020 10k Run 2021 10k Run 2022 Pride of St Helens 2019 Pride of St Helens 2021 General Donations Taylors Ultra Marathons Wembley Lockdown Challenge Y3P Clothing Sales Refunds Total Incoming Resources Charitable activities Pride of St Helens 2021 10k Run 2020 10k Run 2021 1000 Mile Walk Challenge JV Bowls 2021 Ruskin Christmas Event Pride of St Helens 2019 Postage La Cala Golf 2021 Wembley Lockdown Challenge Yorkshire Three Peaks Lancashire Lanes Cycling Sportive General Charitable Activity costs Donations to charities Bank Charges Y3P Depreciation Total Resources Expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total Funds Brought Forward |
Year Ended 2021 £ 12 4,792 - - - 85,323 1,859 831 4,601 14,772 9,306 32,247 - 7,585 11,459 - 10,728 25,369 - - 12,362 350 253 221,849 5,963 - 6,648 2,021 2,078 2,621 - 610 2,537 262 692 - 66,276 140,000 190 692 172 230,762 (8,913) 38,250 29,337 |
Year Ended 2020 £ 125 - 2,314 7,514 15,891 - - - - - - - 38,993 10,939 - 6,662 - 78,448 14,686 24,742 - - 49 |
|---|---|---|
| 200,363 - 31,066 - - - - 800 181 150 339 278 - 61,576 100,600 149 - 215 |
||
| 195,354 | ||
| 5,009 33,241 |
||
| 38,250 |
STEVE PRESCOTT FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Governance Costs & Support Costs | - | - |
| Total Resources Expended | 230,590 | 195,354 |
| Net Income | (8,741) | 5,009 |
¹
STEVE PRESCOTT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021
1 . ACCOUNTING POLICIES
Accounting Convention
The financial Statements have been prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming Recourses
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the yearend date are noted as a commitment but not accrued as expenditure.
Tangible Fixed Asset
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment 20% reducing Balance
Taxation
The Charity is exempt from tax on its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes with the object of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Hire purchases and leasing commitments Rentals paid under operating leases are charged to statement of financial activities on a straight-line basis over the period of the lease.
2. INVESTMENT INCOME
| Year Ended | Year Ended | |
|---|---|---|
| 2021 |
2020 | |
| £ | £ | |
| Deposit account interest | - |
- |
STEVE PRESCOTT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS CONTINUED 31 DECEMBER 2021
3.TANGIBLE FIXED ASSETS
Equipment £ COST 7 ,844 DEPRECIATION Charge for year 172 Accumulative Depreciation b/fwd. 6,985 Total Depreciation 7,157 NET BOOK VALUE At 30 December 2021 687 At 30 December 2020 859
4.CREDITORS AMOUNT FALLING DUE OVER ONE YEAR
£112,975 Expensed donations from previous years put through profit and loss account that have not been paid over to the appropriate charity, project ongoing.
Monies held in charity in a separate reserve bank account.
£21,000 of the above monies has been donated to Basingstoke Hospital to improve their patient welfare and experience since the year end in question, this will be reflected in next year’s accounts.
STEVE PRESCOTT FOUNDATION NOTES TO FINAL ACCOUNTS CONTINUED 31 DECEMBER 2021
5. MOVEMENT IN FUNDS
| At 01/01/21 Net movement in funds | At 01/01/21 Net movement in funds | at 31/12/21 | |
|---|---|---|---|
| £ | £ | £ | |
| Unrestricted funds | |||
| General Funds | 38,250 | (8,913) | 29,337 |
| Total Funds | 38,250 | (8,913) | 29,337 |
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| Resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted Funds | |||
| General Fund | 221,849 | 230,590 | (8,741) |
STEVE PRESCOTT FOUNDATION
BALANCE SHEET 31 DECEMBER 2021
| Notes | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| FIXED ASSETS: | |||
| Tangible Assets | 3 | 687 | 859 |
| CURRENT ASSETS: | |||
| Cash at Bank in Hand | 140,991 | 149,576 | |
| Debtors | 634 | 810 | |
| 141,625 | 150,386 | ||
| Creditors: Amounts Falling Due Over | |||
| One Year | 4 | (112,975) | (112,995) |
| NET CURRENT ASSETS | 28,650 | 37,391 | |
| TOTAL ASSETS LESS CURRENT | 29,337 | 38,250 | |
| LIABILITIES | |||
| NET ASSETS | 29,337 | 38,250 | |
| FUNDS | |||
| Unrestricted funds | 5 | 29,337 | 38,250 |
| TOTAL FUNDS | 29,337 | 38,250 |
The financial statements were approved by the board of Trustees on the 12/07/2022 by:
M Denning- Trustees
L Prescott-Trustees
A Cunliffe- Trustees