THE OLIVER CURD TRUST (Charity no. 1124648)
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THE OLIVER CURD TRUST (Charity no. 1124648)
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
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THE OLIVER CURD TRUST (Charity no. 1124648)
STATEMENT OF ACCOUNTS – 2023-24
Content
| Trustees’ Report & Statement Auditor’s statement Statement of Financial Activities Balance Sheet Notes to the Accounts Detailed Statement of Financial Activities (not forming part of the statutory financial statements) |
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THE OLIVER CURD TRUST (Charity no. 124648)
STATEMENT OF ACCOUNTS – 2023-24
Trustees’ Report & Statement
The trustees present their report with the financial statements of the charity for the year end 31 May 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting for Charities’ issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1124648
Principal Office
c/o 7 Heathlands Westfield East Sussex TN35 4QZ
Trustees
Mrs S Curd Mr J Barnett Mrs S Gammon Mr R Curd Mrs K Wetherley- Moody (Chairman)
Patrons Mark Benton Graham Davis Independent Examiner
Mrs Karen Marr, Teckform, Flimwell.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
There shall be at least three trustees. All future trustees shall be appointed by a resolution of the trustees passed at a special meeting.
In selecting persons to be appointed as trustees, the trustees shall take into account the benefits of appointing a person who through residence, occupation, employment or otherwise has a special knowledge of the area of benefit or who is otherwise able by virtue of their personal or professional qualifications to make a contribution to the pursuit of the object of management of the charity.
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THE OLIVER CURD TRUST (Charity no. 124648)
STATEMENT OF ACCOUNTS – 2023-24
Trustees’ Report & Statement
Upon appointment each new trustee will receive a copy of the trust deed and a copy of the charity’s latest report and statement of accounts.
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
Objectives and aims
The objective of the charity is the relief of sickness and the preservation and protection of good health of:
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i) Children and young people in the UK and the Republic of Ireland who are suffering a life threatening or life limiting condition;
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ii) Their parents, families and carers who are supporting or who have supported them, in particular, but not exclusively through the provision of fully equipped holiday accommodation.
Significant activities
In planning our activities for the year we keep in mind the Charity Commission’s guidance on public benefit at our trustee meetings.
The focus of our activities was to continue to raise the profile of the charity and continue to raise funds to enable the purchase and provision of holiday accommodation.
By providing holiday accommodation the charity seeks to give holiday memories, happiness and moments of escape to children and their families who are experiencing difficult and trying times.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Oliver Curd was diagnosed with a rare bone cancer, Ewings Sarcoma in April 2006. He lost his long brave fight with the disease in November 2007, aged 9 years old.
After he was diagnosed Oliver’s parents started raising funds for other charities offering support to children like Oliver and their families. In January 2008 they set up The Oliver Curd Trust and registered with the Charity Commission on 1 June 2008.
As a result of donations and fundraising activity the charity was able to purchase Oliver’s Retreat which was followed by a second 4 berth home in March 2010. Since that time both homes have been replaced, one in 2013/14 and the second in 2014/15, to ensure our families experience the best facilities we can provide.
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THE OLIVER CURD TRUST (Charity no. 124648)
STATEMENT OF ACCOUNTS – 2023-24
Trustees’ Report & Statement
Fundraising activities
Fundraising remains key to the continued success of the Charity. During the course of the year there have been many events including the Hastings Half Marathon and attendance at various local events. The Charity continued to receive generous donations/sponsorship and contribution from fundraising undertaken by local individuals/groups and organisations.
FINANCIAL REVIEW
Reserves Policy
That sufficient cash reserves will be maintained, at a level deemed appropriate by the trustees, to ensure the Charity can meet its existing and anticipated commitments for a rolling period of 3-4 years.
FUTURE DEVELOPMENTS
The trustees’ focus for 2024/25 is:
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to continue to work towards enhancing our families holiday experiences with the two existing caravans and to develop and support local families with experiences while working with local businesses to provide additional services and support,
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To continue to grow our database of supporters and through the website and social networks further extend our reach to supporters and friends,
To future proof the Trust by buying a new lodge at Crowhurst Park at the end of the 2024/25 season and to dispose of the two existing caravans,
Also recruiting new trustees, who can fill the main officer roles in the Trust in the near future as current postholder retire from their roles.
ON BEHALF OF THE BOARD
Mrs K Wetherley -Moody
September 2024
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THE OLIVER CURD TRUST (Charity no. 1124648)
ACCOUNTS TO 31[st] May 2024
Independent Examiner’s Report
Respective responsibilities of the Trustees and the 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 and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under section 43(3)(a) of the Act;
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Follow the procedures laid down in the General Directions given by the Charity Commissioners; and
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State whether particular matters have come to my attention.
Basis of independent examiner’s statement:
My examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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which give me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the requirements of the 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.
Signed:
……………………………..
Date: ………………
Name: Address:
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THE OLIVER CURD TRUST
(Charity no. 124648)
THE OLIVER CURD TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds 2 Investment income 3 Total Incoming resources RESOURCES EXPENDED Costs of generating funds Costs of generating income 4 Fundraising Trading: cost of goods sold and other costs Charitable activities Holiday Accommodation Donations Governance costs 5 Total Resources Expended NET INCOMING RESOURCES Gain/(Loss) on Investments 6 Net Movement in Funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023/24 2022/23 Unrestricted Unrestricted funds Funds £ £ 53,586 3,139 13,674 11,393 1,641 0 68,901 14,532 4,708 3,508 0 0 17,848 15,858 0 0 159 405 22,715 19,771 46,186 (5189) 18,888 6,901 65,074 1,662 254,535 252,873 319,609 254,535 |
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(Charity no. 124648)
THE OLIVER CURD TRUST
THE OLIVER CURD TRUST
| BALANCE SHEET at 31 MAY 2024 Notes FIXED ASSETS Tangible Assets 7 CURRENT ASSETS Debtors 8 Cash at Bank Cash on Deposit Investments CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Home replacement Reserve Unrestricted funds 10 TOTAL FUNDS |
2023/24 Unrestricte d funds £ 17,232 7,718 89,541 51,641 153,450 302,350 0 |
2022/23 Unrestricte d funds £ 17,232 7,866 44,884 50,000 134,562 |
|---|---|---|
| 237,312 0 |
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| 302,350 | 254,544 | |
| 319,582 | 254,544 | |
| 319,582 | 254,544 | |
| 80,339 239,558 |
72,206 182,338 |
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| 319,582 | 254,544 |
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
…………………………………………………..
Mrs K Wetherley – Moody
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THE OLIVER CURD TRUST
(Charity no. 124648)
The notes form part of these financial statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial reporting Standard for Smaller Entities (effective April 2008), the Charities Act 1993 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included in 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Caravan -12.5% on cost Computer Equipment -33% on cost (items over £500 each)
Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items and the fact items are branded, and are often given way during awareness and fundraising activities. Stock is therefore held at nil value.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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THE OLIVER CURD TRUST (Charity no. 124648)
In the trustees’ opinion, the incoming resources are all derived for the benefit of the charity's objectives. All income the trustees is generally unrestricted in nature. However, in certain instances, funds may be designated by the trustees for particular purposes. The trust has a Caravan Replacement reserve fund to which annual sums equivalent to the recent annual depreciation charges are added.
2. ACTIVITIES FOR GENERATING FUNDS
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2023/24 2022/23
£ £
Fundraising events 13,674 11,393
Merchandise sales 0 0
13,674 11,393
3. INVESTMENT INCOME
2023/24 2022/23
£ £
Deposit account interest: C&C Bond 1,641 0
4. Costs of Generating voluntary Income
2023/24
Postage and Stationery/Admin. 282
Fundraising event costs: 2,976
Other fundraising expenses/Legal Fees 1,101
Newsletter/Website costs 50
Just Giving charges 299
Total 4,708
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- 5a. GOVERNANCE COSTS
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2023/24 2022/23
£ £
Trustees’ indemnity insurance 159 405
Independent Examination 0
159 405
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(Charity no. 124648)
THE OLIVER CURD TRUST
5b. TRUSTEES’ RENUMERATION AND BENEFITS
There was no trustees’ remuneration or other benefits for the year ended 31 May 2024.
6. INVESTMENTS
Quoted investments are shown at market value. The changes in value during the year are made up as follows:
| Fund Name | Units @ 31.5.2024 |
Open Value 1.6.2023 |
In-Year Purchase/(Sale) |
Revaluations Gains/(Losses) |
Closing Value 31.5.2024 |
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| Unrestricted Funds |
||||||||||||||
| COIF Global Equity |
27,552 | 134,562 | 0 | 18,888 | 153,450 | |||||||||
| Total | 27,552 | 134,562 | 0 | 18,888 | 153,450 | |||||||||
| Deposits | ||||||||||||||
| C&C Bond 3.8 | 0 | 50,000 | (51,641) | 0 | 0.00 | |||||||||
| New C&C Bond 5.2% |
0 | 0 | 51,641 | 0 | 51,641 | |||||||||
| 7. | TANGIBLE FIXED ASSETS Cost At 1 June 2023 Additions Disposals At 31 May 2024 Depreciation At 1 June 2023 Charge for the year Disposals At 31 May 2024 Net Book Value At 31 May 2023 At 31 May 2024 |
Caravan (Crowhurst Park) Caravan (Combe Haven) Totals £ £ 35,645 29,400 65,045 0 0 0 0 0 0 35,645 29400 65,045 28,519 19,294 47,813 0 0 0 0 0 28,519 19,294 47,813 7,126 10,106 17,232 7,126 10,106 17,232 |
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(Charity no. 124648)
THE OLIVER CURD TRUST
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023/24 2022/23 £ £ Other debtors 7,718 7,866 (Pre-paids)
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2023/24 2022/23
£ £
Other creditors 0 0
10. MOVEMENT IN FUNDS
At 1/6/23 Net At 31/5/24
movement
Unrestricted funds 101,443
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11. ULTIMATE CONTROLLING PARTY
The charity is controlled by its board of trustees.
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THE OLIVER CURD TRUST
(Charity no. 124648)
DETAILED STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 MAY 2024
| 2023/24 | |
|---|---|
| £ | |
| INCOMING RESOURCES: | |
| Voluntary income: | |
| Donations | 53,586 |
| **Activities for generating funds: ** | |
| S&J Marathons | 272 |
| Van to Van Run | 1,660 |
| OCT Golf | 4,849 |
| Collection Boxes | 3,150 |
| Misc. F/R | 3,743 |
| Total | 13,674 |
| Investment Income | |
| Deposit Account interest: | 1,641 |
| Total income resources | 68,901 |
| **Cost of generating voluntary income: ** | |
| Postage and Stationery/Admin. | 282 |
| OCT Golf day | 2,976 |
| Other fundraising expenses+Legal Fees | 1,101 |
| Newsletter/Website costs | 50 |
| Just Giving charges | 299 |
| Total | 4,708 |
| Charitable activities | |
| Pitch rents and Van Utilities and repairs | 17,848 |
| Depreciation of caravans | 0 |
| Total | 17,848 |
| Governance Costs (Insurance) | 159 |
| Total Resources expended | 22,715 |
| Net Income | 46,186 |
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