**THE OLIVER CURD TRUST (Charity no. 1124648)**
.
**THE OLIVER CURD TRUST (Charity no. 1124648)**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
1
**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)|Page
3
6
7
8
9
13|
|---|---|
2
## **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.
3
**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:
- i) Children and young people in the UK and the Republic of Ireland who are suffering a life threatening or life limiting condition;
- 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.
4
**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:
- 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,
- 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**
5
**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:**
- Examine the accounts (under section 43(3)(a) of the Act;
- Follow the procedures laid down in the General Directions given by the Charity Commissioners; and
- 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:
1. which give me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the requirements of the Act
have not been met; or
2. 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:
6
## **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|
|---|---|
7
**(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|
||**302,350**|254,544|
||**319,582**|254,544|
||**319,582**|254,544|
||**80,339**
**239,558**|72,206
182,338|
||**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
8
**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.
9
## **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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
- **5a. GOVERNANCE COSTS**
**----- Start of picture text -----**
2023/24 2022/23
£ £
Trustees’ indemnity insurance 159 405
Independent Examination 0
159 405
**----- End of picture text -----**
10
**(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**||
||**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**||||||
11
**(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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **11. ULTIMATE CONTROLLING PARTY**
The charity is controlled by its board of trustees.
12
## **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**|
|||
13