Company Registration Number - 06433339 The Charity Registration Number is :- 1124079 Up and Under Foundation Report and Accounts 31 May 2021 ## **Up and Under Foundation** ## **Report and accounts for the year ended 31 May 2021** ## **Contents** ||**Page**|| |---|---|---| |**Charity information**||1| |**Trustees' Annual Report**||1| |**Statement of directors' responsibilities**||5| |**_Funds Statements:-_**||| |Statement of Financial Activities||7| |Statement of Financial Activities - Prior Year statement||8| |Statement of total recognised gains and losses||9| |Movements in funds||11| |Income and Expenditure account||12| |**Balance sheet**||13| |**Notes to the accounts**||14| ## **Up and Under Foundation** Company Registration Number - 06433339 ## **Trustees' Annual Report for the year ended 31 May 2021** The Trustees present their Report and Accounts for the year ended 31 May 2021, which also comprises the Directors' Report required by the Companies Act 2006. ## **Reference and administrative details** ## _**The charity name.**_ The legal name of the charity is:- Up and Under Foundation. ## _**The charity's areas operation and UK charitable registration.**_ The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1124079. . The charity does not operate in any overseas jurisdictions. ## _**Legal structure of the charity**_ The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. > The governing document is dated 21 November 2007 There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The trustees are all individuals. **The principal operating address of the charity is:-** Coppice House Quakers Coppice Crewe Gates Farm Industrial Estate, Crewe Cheshire, CW1 6FA The registered office of the charity for Companies Act purposes is the same as the operating address shown above. **The Trustees in office on the date the report was approved were:-** A Fewtrell L Fewtrell C Bromiley (Appointed 5th January 2021) **The following persons served as Trustees during the year ended 31 May 2021 :-** The trustees who served as a trustee in the reporting period were as shown above In addition there were two other Trustees in post during part of the year: L Painter (Appointed 5th Janaury 2021, Resigned 25th October 2021) S Enderby (Resigned 14th December 2020) All the trustees are also members of the charity. 1 **Up and Under Foundation** Company Registration Number - 06433339 ## **Trustees' Annual Report for the year ended 31 May 2021** ## **Objects and activities of the charity** ## _**The purposes of the charity as set out in its governing document.**_ On 28th April 2008 our objectives were clarified after a recommendation from the Charity Commission. They are: 1. To advance the education of the public and in particular, but not exclusively, young people as the trustees see fit. 2. To relieve financial hardship, either generally or individually, through the provision of grants, goods or services. 3. To provide and assist in the provision of facilities for recreation and other leisure time occupation for individuals who have need of such facilities by reason of their youth age, infirmity, disablement, financial hardship, social and economic circumstances, or for the public at large, in the interest of social welfare with the object of improving their conditions of life. The trustees are satisfied that the activities undertaken by the charity meet the objectives set out in its objectives and policies. ## _**The main activities undertaken in relation to those purposes during the year.**_ ## Charitable activities As a Charity our activities break down, principally into two parts: 1) Providing grant funding for the benefit of individuals or groups in accordance with the Objectives and Aims above and raising/managing the funds needed to make the grants. 2) In addition, we have successfully acted as an informal ‘matchmaker’ between various groups and individuals in the local community in a way that further benefits disadvantaged youngsters in ways beyond our reach. ## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_ It has been a difficult and frustrating year for the Up and Under Foundation. The virtual total cessation of School and Youth group residential and day trip activity left us with very few grant making opportunities within our normal range to support. Furthermore the successive lockdowns and restriction of movement/association due to Covid-19 meant that we have had no opportunities for our normal fund raising activities. We attempted to provide a reduced version of the cancelled 2020 Adventure Project however our partners were either closed or struggling to recover from the effects of lockdown. On the granting of funds front we received an optimistic request from one school for two residential trips in October 2020, these were subsequently cancelled. An award (of £650) paid out to 1st SWC St Andrews Scout Group in April 2020 for a trip in July 2020 was repaid to us when it was clear the planned camp could not go ahead. The Trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. 2 ## **Up and Under Foundation** Company Registration Number - 06433339 ## **Trustees' Annual Report for the year ended 31 May 2021** ## _**The short term and longer term aims and objectives.**_ We have maintained contact with many of the groups we have supported in the past and awarded grants totalling £2,100 to the Oakhanger project who have managed to maintain a reduced level of activity (when constaints allowed). The Funds earmarked for the 2020 Adventure Project, to provide a 3-4 months multi activity programme for a group of youngsters will continue to be held in reserve with the hope that Spring 2022 will provide an opportunity to set up a similar project to the one originally envisaged. We anticipate that a slow return to normal activity will take place over the next 12-18 months. We will continue to communicate and cooperate with a range of youth orientated groups and assist wherever possible. ## _**Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.**_ Throughout the year we have continued to contact local Schools, Youth groups and Scouts to enquire if there was anything we could do to facilitate activities involving youngsters and outdoor activities and to inform them that we would consider grant requests at any point, rather than at funding round deadlines (we normally have three grant application deadlines within the year, June, November and March. Of these typically the one in March is the most popular, coinciding with the planning by Schools and Youth groups for the summer period). We investigated the possibility of residential (camping) or multi day activities based around school or youth group premises as a possible mitigation to the Covid-19 based restraints. We also investigated the possibility of a link up with a local college of further education to provide activities at their site. Again these efforts were frustrated. ## _**Fundraising activities during the year.**_ Our funds come from a number of sources including returns on investments (much of our early funding came from donors who requested that we invest the money to create a legacy fund to provide future income to the charity), individual donors, corporate donors and fund-raising events. ## **Structure, governance and management of the charity** ## _**The methods used to recruit and appoint new charity trustees.**_ Trustees are appointed by the members of the company as required and in accordance with the processes set out in the Articles of Association. The Trustees meet as required by the needs of the Charity and at least three times a year to support the grant funding applications process. ## _**The policies and procedures for the induction and training of trustees.**_ New Trustees undergo an orientation to brief them on: Their legal duties under company and charity law; the charity's aims and objectives; the contents of the governing document; the decision-making processes; future plans the and recent financial results of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role within the charity. 3 **Up and Under Foundation** Company Registration Number - 06433339 ## **Trustees' Annual Report for the year ended 31 May 2021** ## **Financial review** ## _**The charity's financial position at the end of the year ended 31 May 2021**_ The financial position of the charity at 31 May 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- |Restricted Revenue Funds
**Total Funds**
Unrestricted Revenue Funds available for the
general purposes of the charity
**Net income**|**2021**
**£**
43,760
10,423
211,875
222,298|**2020**
**£**
5,045| |---|---|---| |||47,313
131,225| |||178,538| ## _**Financial review of the position at the reporting date, 31 May 2021 .**_ The trustees consider the financial performance by the charity during the year to have been satisfactory. Specific changes in fixed assets investments are detailed in the notes to the accounts. Investment performance will of course have been affected by the global Coronavirus pandemic however our overall level of investment is still strong. ## _**Policies on reserves.**_ It is the policy of the charity to establish a capital sum from which generated income will be made available to a range of projects and causes meeting the aims and objectives of the charity. ## _**Availability and adequacy of assets of each of the funds**_ The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. ## _**Investment policy and investment objectives.**_ The Charity's early funding came from donors who requested that the money be invested to create a legacy fund with the aim of providing annual investment income to the charity which can be used to pay grant awards. The investment portfolio is regularly reviewed by the Trustees and covers a range of investment funds including Equity, Property, Fixed Interest and Cash. Where cash builds up in the current bank account from general fundraising activities it is moved to a deposit account and potentially redesignated as a restricted fund for a specific project or projects the charity is working on delivering at that time. 4 ## **Up and Under Foundation** Company Registration Number - 06433339 ## **Trustees' Annual Report for the year ended 31 May 2021** ## **Statement of the Directors Trustees' Responsibilities** The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :- - to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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. The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. 5 Up and Under Foundallon Company Registration Number- (N&3339 Trustees. Annual Report for the year ended 31 May 2021 Method of pr•parntion of accounts - Small company provlslons The financial ststements are set out on pages 7 10 22. Thè finanoal statements hav8 pr8p¥ed implementing Ihe FRS 102 SORP (Statement ol Recommended P￿CtiCe for Accounting and Reporting by chariti.esl 2015. las amended by th8 Bulletin issued in 2018 and aFVli￿b1e to all aLvJunting periL¥Js beginning ￿ or after 1st January 20191. (rhe SORPI, and in accordanrs ¥&ilh th8 Finanaal Réporting sts￿lar￿ 102. leffe¢liv8 1st J8ntJ8ry 20161 These finwKial ststements havg been prepared in accordance wrilh the •] Part 15 of Ihe CoThpani8s Act 2006. appii(xbl8 to compani88 subi8Lt to th8 srn811 c¥)mpanies wime. This repcKt W88 apwoved by1he board of bi*tees A FEWTRELL Director and Tn ## **Up and Under Foundation - Statement of Financial Activities for the year ended 31 May 2021** ## _**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 May 2021, as required by the Companies Act 2006)**_ |**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
**Income & Endowments from:**
Donations & Legacies
A1
18,283
Investments
A4
-
**Total income**
**A**
**18,283**
**Expenditure on:**
Charitable activities
B2
1,100
Other
B3
948
**Total expenditure**
**B**
**2,048**
Net gains on investments
B4
-
**Net income for the year**
**16,235**
**Transfers between funds**
**C**
(53,125)
**Net income after transfers**
**A-B-C**
**(36,890)**
**(36,890)**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
47,313
**Total funds carried forward**
**10,423**
**SORP**
**Ref**
**Net movement in funds**|**Current year**
**Restricted**
**Funds**
**2021**
**£**
-
2,900
**2,900**
350
-
**350**
24,975
**27,525**
53,125
**80,650**
**80,650**
131,225
**211,875**|**Current year**
**Total Funds**
**2021**
**£**
**18,283**
**2,900**
**21,183**
**1,450**
**948**
**2,398**
**24,975**
**43,760**
**-**
**43,760**
**43,760**
**178,538**
**222,298**|**Prior Year**
**Total Funds**
**2020**
**£**
18,045
3,885| |---|---|---|---| ||||**21,930**| ||||5,015
1,054| ||||**6,069**| ||||(10,816)| ||||**5,045**
-| ||||**5,045**| ||||**5,045**
173,493| ||||**178,538**| The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts. All activities derive from continuing operations **The notes attached on pages 14 to 22 form an integral part of these accounts.** 7 **Up and Under Foundation - Statement of Financial Activities for the year ended 31 May 2021** ## **Up and Under Foundation - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP** |**Income & Endowments from:**
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activitie B3
Other taxation
B3
**Total expenditure**
**B**
B4
**Net income for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
**SORP**
**Ref**
Net gains on investments|**Prior Year**
**Unrestricted**
**Funds**
**2020**
**£**
18,045
-
-
-
-
18,045
-
2,300
1,054
-
-
**3,354**
(295)
14,396
(17,700)
(3,304)
**(3,304)**
50,617
**47,313**

|**Prior Year**
**Restricted**
**Funds**
**2020**
**£**
-
-
-
3,885
-
-
3,885
-
2,715
-
-
-
-
**2,715**
(10,521)
(9,351)
17,700
8,349
**8,349**
122,876
**131,225**|**Prior Year**
**Total Funds**
**2020**
**£**
**18,045**
**-**
**-**
**3,885**
**-**| |---|---|---|---| ||||**21,930**| ||||**-**
**5,015**
**1,054**
**-**
**-**| ||||**6,069**| ||||(10,816)
5,045
**-**| ||||5,045| ||||**5,045**
**173,493**| ||||**178,538**| ## **All activities derive from continuing operations** A Statement of Total Recognised Gains and Losses is included in these accounts as a separate primary statement ## **The notes attached on pages 14 to 22 form an integral part of these accounts.** 8 **Up and Under Foundation - Statement of Financial Activities for the year ended 31 May 2021** ## **Statement of Total Recognised Gains and Losses for the year ended 31 May 2021** |**Surplus for the year :-**
Realised gains on disposals of social investments which are programme related
**_Income from operations before tax in the Statement of Financial Activites_**
**_Add/(deduct) non income and expenditure items:-_**
Unrealised gains on investments
**Net Movement in funds before taxation**
**Funds generated in the year as shown on Statement of Financial Activities**
Net excess of income over expenditure from operations before tax|**2021**
**£**
18,785
-
**18,785**
24,975
**43,760**
**43,760**|**2020**
**£**
15,861
-| |---|---|---| |||**15,861**
(10,816)| |||**5,045**| |||**5,045**| ## **The notes attached on pages 14 to 22 form an integral part of these accounts.** 9 **Up and Under Foundation - Statement of Financial Activities for the year ended 31 May 2021** **Up and Under Foundation - Resources applied in the year ended 31 May 2021 towards fixed assets for Charity use:-** |**assets for Charity use:-**||| |---|---|---| |Funds generated in the year as detailed in the SOFA
**Net resources available to fund charitable activities**|**2021**
**£**
43,760
**43,760**|**2020**
**£**
5,045| |||**5,045**| **The notes attached on pages 14 to 22 form an integral part of these accounts.** 10 ## **Up and Under Foundation - Statement of Financial Activities for the year ended 31 May 2021** ## **Movements in revenue and capital funds for the year ended 31 May 2021** ## **Revenue accumulated funds** |**Unrestricted**
**Funds**
**2021**
**£**
Accumulated funds brought forward
47,313
16,235
**63,548**
(From)/To unrestricted revenue funds
(53,125)
**Closing revenue funds**
**10,423**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2021**
**£**
**Revenue accumulated funds**
**10,423**
Recognised gains and losses before
transfers|**Restricted**
**Funds**
**2021**
**£**
131,225
27,525
**158,750**
53,125
**211,875**
**Restricted**
**Funds**
**2021**
**£**
**211,875**|**Total**
**Funds**
**2021**
**£**
178,538
43,760
**222,298**
-
**222,298**
**Total**
**Funds**
**2021**
**£**
**222,298**|**Last year**
**Total Funds**
**2020**
**£**
**173,493**
5,045| |---|---|---|---| ||||**178,538**
-| ||||**178,538**| ||||**Last Year**
**Total Funds**
**2020**
**£**| ||||**178,538**| **The notes attached on pages 14 to 22 form an integral part of these accounts.** 11 **Up and Under Foundation - Statement of Financial Activities for the year ended 31 May 2021** ## **Up and Under Foundation** ## **Income and Expenditure Account for the year ended 31 May 2021 as required by the Companies Act 2006** |**_Income_**
Income from operations
Income from investments, other than interest receivable
Interest receivable
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Other expenditure
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
Tax on surplus on ordinary activities
**Retained surplus for the financial year**
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income|**2021**
**£**
18,283
1,832
1,068
**21,183**
**21,183**
1,450
948
-
**2,398**
**18,785**
-
**18,785**
**18,785**|**2020**
**£**
18,045
1,980
1,905| |---|---|---| |||**21,930**| |||**21,930**| |||5,015
1,054
-| |||**6,069**| |||**15,861**
-| |||**15,861**| |||**15,861**| All activities derive from continuing operations In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities. ## **The notes attached on pages 14 to 22 form an integral part of these accounts.** 12 Up and Under Foundathon- Balance Sheet as at 31 May 2021 Note Ret 2021 2020 FIx8d assets Investments held as fixed asséts 179.169 151,295 Current a￿ts Cash at bank and in haThJ 43.561 27,663 Credttors: amounts falllng withln one year 9 C1 14321 14201 43,129 27.243 Thè total net a$8ets of the charity 178,538 The total nèt assèts ofthe charity are fund•d by th• fund$ ol th• charity. as fol￿￿ts:. Restricttd fvnds Restricted Rev8nU8 Furb 12 D2 211.875 131,225 211.875 131,225 Unrestricted Funds Unrestrithd Revenue Funds 12 D3 10.423 47.313 10.423 47,313 Doslgnated Funds Total ¢harlty funds 178.538 Thè'SORP Ref indicated atrnve the dassffjcaticffi of Bala￿ Sheet iteffts as sel out in the fcKmal SORP docurnents. As required by paT￿Ph 4.60 01 Ihe SORP. the t￿￿htf0N￿rd and carri8d l(*ward fund5 aiy)ve have b88n agreed to the SOFA. The d1￿ctOrS are satisfied that the (x>mpany is entillul to examplw)n fr￿n the fequirem8nt to obtain an audit under 58Ction 4T1 of the CrKnpanie5 ALI 2006. The membors have not required 1he c£ryany to obtain an awjit In 8CrAWda￿ vlth section 476 of Iha AL The dire¢lLxs ad{Th￿Ied98 their re5&￿5￿.1)￿eS for 0￿p￿iNj with Ihe ￿ullements of CoMpan￿S Act 2006 th respect to accounting records and the weparation of aLKounts. The financial Statements have been preparEd in a(tordanr* I￿1h the pro￿1￿ in Part 15 of Ihe Companies Act 2006. applicable to (x>mpanie5 subj.ect to the small panies regirne. Trustee Approved by the iK)ard of tru qI,I£L Thè not•s atta¢h¢d on pages 14 to 22 form an Integral part of these accounts. 13 **Up and Under Foundation** ## **Notes to the Accounts for the year ended 31 May 2021** ## **1 Accounting policies** ## _**Policies relating to the production of the accounts.**_ ## **Basis of preparation and accounting convention** The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. ## **Going Concern** The Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing those statements. The charitable activities are dependent on continuing grant aid and voluntary donations as well as investment income. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 May 2022 they are satisfied that the charity remains a going concern. ## **Risks and future assumptions** The charity is a public benefit entity. As with all charities that rely on public donations the ongoing global pandemic and its knock on effects in terms of increased costs of living creates an uncertainty around income for the next financial year. It is also still difficult to predict grant applications as many of the groups supported by the charity operate activities for young people and currently the prevalence of Covid-19 in this age group means that some restrictions are still in operation or likely to implemented. ## _**Policies relating to categories of income and income recognition.**_ ## **Nature of income** Gross income represents the value of cash donations received from individuals and organisations who support the charity's aims and objectives. Where donations have been actively invested for future growth then income also represents the investment income received by the charity. ## **Income recognition** Income is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. All income is accounted for gross, before deducting any related fees or costs. 14 ## **Up and Under Foundation** ## **Notes to the Accounts for the year ended 31 May 2021** ## _**Policies relating to expenditure on goods and services provided to the charity.**_ ## **Recognition of liabilities and expenditure** A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.. Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates. ## _**Policies relating to assets, liabilities and provisions and other matters.**_ ## **Fixed Asset Investments** Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated. All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities. ## **Creditors and provisions** Creditors and provisions for liabilities and charges are accrued for at the financial year end based on balances outstanding to creditors or charges estimated as due for any accruals. ## **Financial instruments including cash and bank balances** Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements. ## **Fund Accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. There are no endowment funds. ## **2 Liability to taxation** The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. ## **3 Winding up or dissolution of the charity** If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 15 ## **Up and Under Foundation** ## **Notes to the Accounts for the year ended 31 May 2021** ## **4 Significance of financial instruments to the charity's position** The charity does not make use of complex financial instruments e.g. Hedging funds. The charity's funds are held either in a bank accounts as cash or invested within unit trust portfolios. ## **5 Investment gains** |**_Current Year_**
**_Unrealised gains /(losses) and writing down of carrying_**
Listed investments - Unrealised
**Total unrealised gains/(losses) etc**
**Total realised and unrealised gains**
**_Unrealised gains /(losses) and writing down of carrying_**
Listed investments - Unrealised
**Total unrealised gains/(losses) etc**
**Total realised and unrealised gains**|**Unrestricted**
**Funds**
**2021**
**£**
**_values_**
-|**Restricted**
**Funds**
**2021**
**£**
24,975|**Total Funds**
**2021**
**£**
**24,975**|**Total Funds**
**2020**
**£**
**(10,816)**| |---|---|---|---|---| ||**-**|**24,975**|**24,975**|**(10,816)**| ||**-**|**24,975**|**24,975**|**(10,816)**| ||**Unrestricted**
**Funds**
**2020**
**£**
**_values_**
(295)|**Restricted**
**Funds**
**2020**
**£**
(10,521)|**Total Funds**
**2020**
**£**
**(10,816)**|| ||**(295)**|**(10,521)**|**(10,816)**|| ||**(295)**|**(10,521)**|**(10,816)**|| ## **7 Remuneration and payments to Trustees and persons connected with them** No trustees or persons connected with them received any remuneration from the charity, or any related entity. ## **8 Investments held as fixed assets** |**Carrying values of investments**
At 1 June 2020
Additions
Revaluation at 31 May 2021
**At 31 May 2021**
**Analysis between fair value and historical cost**
Investments as above held at fair value|**Investments**
**in**
**subsidiaries**
**£**
-
-
-|**Listed**
**investments**
**£**
151,295
2,899
24,975|**Other**
**Classes of**
**Investment**
**£**
**-**
**-**
**-**|**Total**
**£**
151,295
2,899
24,975| |---|---|---|---|---| ||**-**|**179,169**|**-**|**179,169**| |||||| ||**-**|**179,169**|**-**|**179,169**| 16 ## **Up and Under Foundation** ## **Notes to the Accounts for the year ended 31 May 2021** |**9**
**Creditors: amounts falling due within one year**
Accruals
**10 Income and Expenditure account summary**
**At 1 June 2020**
Surplus after tax for the year
**At 31 May 2021**|**2021**
**£**
432
**2021**
**£**
194,089
18,785|**2020**
**£**
420
**2020**
**£**
178,228
15,861| |---|---|---| ||**212,874**|**194,089**| ## **11 Particulars of how particular funds are represented by assets and liabilities** |**At 31 May 2021**
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities
**At 1 June 2020**
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
-
10,855
(432)|**Designated**
**funds**
**£**
-
-|**Restricted**
**funds**
**£**
179,169
32,706
-|**Total**
**Funds**
**£**
**179,169**
**43,561**
**(432)**| |---|---|---|---|---| ||**10,423**|**-**|**211,875**|**222,298**| ||**Unrestricted**
**funds**
**£**
41,146
6,587
(420)|**Designated**
**funds**
**£**
-
-
-|**Restricted**
**funds**
**£**
110,149
21,076
-|**Total**
**Funds**
**£**
**151,295**
**27,663**
**(420)**| ||**47,313**|**-**|**131,225**|**178,538**| 17 ## **Up and Under Foundation** ## **Notes to the Accounts for the year ended 31 May 2021** ## **12 Change in total funds over the year as shown in Note 11 , analysed by individual funds** |**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
Beth Monks Fund
Eric Swann Fund
Tom Dootson Fund
Dave Reddish Adventure Bursary
Adventure Project
Youth Activity Fund
**Total restricted funds**
**Total charity funds**|**Funds brought**
**forward from**
**2020**
**£**
47,313|**Movement in**
**funds in 2021**
**See Note 13**
**£**
16,235|**See Note 14**
**£**
**(53,125)**
**Transfers**
**between**
**funds in 2021**|**Funds carried**
**forward to**
**2022**
**£**
**10,423**| |---|---|---|---|---| ||**47,313**|**16,235**|**(53,125)**|**10,423**| ||2,206
54,116
51,606
5,597
16,700
1,000|11,142
10,684
1,290
-
4,409|-
5,638
(1,260)
(100)
3,300
45,547|**2,206**
**70,896**
**61,030**
**6,787**
**20,000**
**50,956**| ||**131,225**|**27,525**|**53,125**|**211,875**| |||||| ||**178,538**|**43,760**|**-**|**222,298**| ## **13 Analysis of movements in funds over the year as shown in Note 12** |**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**_Restricted funds:-_**
Eric Swan Fund
Tom Dootson Fund
Dave Reddish Adventure Bursary
Youth Activity Fund|**Income**
**2021**
**£**
18,283
1,480
1,266
154
-|**Expenditure**
**2021**
**£**
(2,048)
-
650
-
(1,000)|**Other**
**Gains &**
**Losses**
**2021**
**£**
-
9,662
8,768
1,136
5,409|**Movement**
**in funds**
**2021**
**£**
**16,235**
**11,142**
**10,684**
**1,290**
**4,409**| |---|---|---|---|---| ||**21,183**|**(2,398)**|**24,975**|**43,760**| 18 ## **Up and Under Foundation** ## **Notes to the Accounts for the year ended 31 May 2021** ## **14 Details of transfers between funds** |To/(from) Restricted Revenue Funds
**Net transfers**
To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital
grants and fixed asset funds'.
**_The transfers shown in note 12 above are:-_**|**2021**
**£**
(53,125)
53,125| |---|---| ||**-**| Funds have been transferred during the year from the Unrestricted Bank account balance to various Restricted fund bank balances following Trustee discussions. An invesmtnet fund has also been transferred from unrestricted to restricted and renamed. ## **15 The purposes for which the funds** ## _**Unrestricted and designated funds:-**_ Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. ## _**Restricted funds:-**_ The purpose of these funds is described within the Trustees Annual Restricted Fixed Asset Funds Report. ## **16 Ultimate controlling party** The charity is under the control of its legal members. Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 19 ## **Up and Under Foundation** **Detailed analysis of income and expenditure for the year ended 31 May 2021 as required by the SORP 2015** ## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_ ## **19 Donations, Grants and Legacies** |**Donations, Grants and Legacies**||||| |---|---|---|---|---| |**Donations and gifts from individuals**
**Total Donations, Grants and Legacies**
**_Current year_**
**Total Donations, Grants and**
**Legacies**
**A1**
Small donations individually less than £1000
**Total private sector revenue grants**
Up and Under
**Revenue grants and donations from**
**non public bodies**
Co-Op Community Fund
RSK
A1 Inspec
**Total donations and gifts from**
**individuals**|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
3,513|**Current year**
**Restricted**
**Funds**
**2021**
**£**
-
**-**
**Current year**
**Restricted**
**Funds**
**2021**
**£**
-
-
-
-
**-**|**Current year**
**Total Funds**
**2021**
**£**
**3,513**
**3,513**
**Current year**
**Total Funds**
**2021**
**£**
**1,130**
**5,000**
**3,640**
**5,000**
**14,770**|**Prior Year**
**Total Funds**
**2020**
**£**
5,005| ||**3,513**|||**5,005**| ||**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
1,130
5,000
3,640
5,000|||**Prior Year**
**Total Funds**
**2020**
**£**
-
5,000
3,040
5,000| ||**14,770**|||**13,040**| |||||**Prior Year**
**Total Funds**
**2020**
**£**| |||||| ||**Unrestricted**
**Funds**
**2021**
**£**|**Restricted**
**Funds**
**2021**
**£**
**-**|**Current Year**
**Total Funds**
**2021**
**£**
**18,283**|| ||**18,283**|||**18,045**| 20 ## **Up and Under Foundation** **Detailed analysis of income and expenditure for the year ended 31 May 2021 as required by the SORP 2015** ## **20 Investment income** |Dividend Income
Non Bank interest receivable
**Total investment income**
**A4**|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
-
-|**Current year**
**Restricted**
**Funds**
**2021**
**£**
1,832
1,068
**2,900**|**Current year**
**Total Funds**
**2021**
**£**
**1,832**
**1,068**
**2,900**|**Prior Year**
**Total Funds**
**2020**
**£**
1,980
1,905| |---|---|---|---|---| ||**-**|||**3,885**| ## **Investment income - Prior Year analysis** ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total**|**Funds**| |---|---|---|---|---| |**Prior Year**|**-**|**3,885**||**3,885**| ## **21 Expenditure on charitable activities- Grant funding of activities** |**_Current Year_**
**Total grantmaking costs**
**B2c**
**_Current Year_**
1st SWC Scouts
Oakhanger
**Breakdown of Grants made to organisations**
Grants made to organisations|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
1,100|**Current year**
**Restricted**
**Funds**
**2021**
**£**
350
**350**
**Current year**
**Restricted**
**Funds**
**2021**
**£**
(650)
1,000
**350**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2021**
**2020**
**£**
**£**
**1,450**
**5,015**| |---|---|---|---| ||**1,100**||**1,450**
**5,015**| ||**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
-
1,100||**Current year**
**Total Funds**
**2021**
**£**
(650)
2,100
**1,450**| ||**1,100**||| 21 ## **Up and Under Foundation** **Detailed analysis of income and expenditure for the year ended 31 May 2021 as required by the SORP 2015** |**Prior Year**
**Prior Year**
**_Prior Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2020**
**2020**
**£**
**£**
2,300
2,715
**Total grantmaking costs**
**B2c**
**2,300**
**2,715**
**Breakdown of Grants made to organisations**
**Prior Year**
**Prior Year**
**_Prior Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2020**
**2020**
**£**
**£**
Adelaide School
1,000
-
Sandbach High School
200
-
Oakhanger Project
1,100
-
1st SWC Scouts
-
650
Black Firs Primary School
-
1,245
The Dingle Primary School
-
340
St Barts Multi Academy Trust
-
480
**2,300**
**2,715**
**22**
**Current year**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2021**
**2021**
**£**
**£**
**_Administrative overheads_**
-
-
468
-
**_Professional fees paid to advisors other than the auditor or examiner_**
432
-
48
-
**Support costs before reallocation**
**948**
**-**
Accountancy fees other than
examination or audit fees
**Support costs for charitable activities**
Grants made to organisations
Liabilty and contents insurance
Software licences and expenses
Other legal and professional|**Prior Year**
**Total Funds**
**2020**
**£**
**5,015**
**5,015**
**Prior Year**
**Total Funds**
**2020**
**£**
1,000
200
1,100
650
1,245
340
480
**5,015**
**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2021**
**2020**
**£**
**£**
**-**
**84**
**468**
**537**
**432**
**420**
**48**
**13**| |---|---| ||**948**
**1,054**| 22