# **The Scrooge Fund Report and Financial Statements Year ended 31[st] March 2024 Charity number: 1128812**
## **Reference and administrative information**
## **Trustees**
Stephanie Dane Cooper, Chair Francesca Pioli Rosy Skye Meredith Christian Thal-Jantzen, Treasurer & Secretary
## **Principal Office**
1 Crescent View Magdalen Avenue Bath Somerset BA2 5QH
## **Bankers**
Triodos Bank Deanery Road Bristol BS1 5AS
## **Accountants**
LAC Accounting Ltd 19 Meadow Way Bradley Stoke Bristol BS32 8BN
1
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] MARCH 2024**
The trustees present their annual report and financial statements of the charity for the year ended 31[st] March 2024. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
## **Structure, governance and management**
The Trust is a registered charity, number 1128812, and is constituted under a trust deed dated 31[st] January 2009. Named after Dickens' generous character Scrooge the Fund aims to attract and dispose of gift money, in accordance with Rudolf Steiner's spiritual, social and economic insights. The Fund recognises the health promoting forces released through the freely given gift. The Fund limits itself to help situations which have a karmic connection to Camphill Cherry Orchards Community and to the Trustees.
There must be at least three trustees. Apart from the first trustees, every trustee must be appointed for a minimum term of 3 years.
## **Objectives and activities**
The objects of the Trust are the relief of poverty and advancement of education in particular but not exclusively for persons connected with Cherry Orchard Camphill Community or with the trustees of the Scrooge Fund.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.
The Trust carries out these objects by making grants to individuals.
## **Monitoring achievement**
The Charity has made grants in furtherance of its objects. Details are included in the accounts. The Trustees have found it particularly challenging to establish the required karmic connection between beneficiaries and advocates as required. To assist with this the trustees have been studying lectures given by Rudolf Steiner to better understand how to recognise karmic connections. It is noted that in future, as regards grants to clients of Wild Dandelion, these will no longer require a karmic connection to Camphill Community of to the advocate of the application.
## **Financial review**
The Trust’s work has been entirely reliant on income from donations. The donation of £200,000 made this year, from Cherry Orchards Camphill Community Ltd (registered charity) has been invested using strict ethical criteria. The dividends received from these investments will be used exclusively to subsidise either the attendance at, or facilitation of, services offered by Wild Dandelion CIC.
The charity result for the year was a net surplus of £196,591 (31[st] March 2023 was a net deficit of £4,357). As at 31[st] March 2024 the total funds held were £209,861 (on 31[st] March 2023 the funds held were £13,270).
2
## **Reserves Policy**
The Trustees have examined the Charity’s requirements for reserves in light of the main risks to the organisation.
The Trustees have established a policy whereby free reserves (unrestricted funds) held by the charity should be a minimum of 12 months running costs which are estimated as £300 - as the only ongoing costs are the accountant fees.
## **Risk Management**
The Trustees have concluded that the Charity faces no significant risks, as it has no continuous commitments, such as employees or property ownership.
The Charity has modest administration costs funded from donations and income from investments.
## **Trustees’ responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Trustees’ Report and the financial statement in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustee(s) to prepare financial statements 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 of the charity for that period. In preparing these financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions 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.
Approved by the Trustees on ……………… and signed on their behalf by:
Stephanie Cooper Christian Thal-Jantzen Stephanie Cooper Christian Thal-Jantzen Trustee & Chair Trustee, Secretary & Treasurer 28 Jan 2025 30 Jan 2025
3
## **Independent examiner’s report to the trustees of The Scrooge Fund**
I report to the trustees on my examination of the accounts of The Scrooge Fund (the Trust) for the year ended 31[st] March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
LAColeman
Louise Coleman ACMA LAC Accounting Limited 19 Meadow Way Bradley Stoke Bristol BS32 8BN
27 Jan 2025
Date ………………………………
4
## **THE SCROOGE FUND**
## **CHARITY NO. 1128812**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31ST MARCH 2024**
|**Note**
**Income from:**
Donations and legacies
3
Investments
3
Other
**Expenditure on:**
Charitable activities
4
**_Total income_**
**_Total expenditure_**
**Net income/(expenditure) for the year and net**
**movement in fund:**
**_Total funds at start of year_**
**_Total funds at end of year_**|**Unrestricted**
**funds**
**£**
4,839
2,328
-
7,167
10,576
10,576
3,409
-
13,270
9,861|**Restricted**
**funds**
**£**
200,000
-
-
200,000
-
-
200,000
-
200,000|**Total funds**
**£**
204,839
2,328
-
207,167
10,576
10,576
196,591
13,270
209,861|**Prior year**
**funds**
**£**
40
19
3,000|
|---|---|---|---|---|
|||||3,059|
|||||7,416|
|||||7,416|
|||||4,357
-
17,627|
|||||13,270|
5
## **THE SCROOGE FUND**
## **CHARITY NO. 1128812**
## **BALANCE SHEET**
## **YEAR ENDED 31ST MARCH 2024**
|**Current assets**
**Debtors**
**Cash at bank and in hand**
**Total current assets**
**Creditors: amounts falling due**
**within one year**
**Net current assets/(liabilities)**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after one year**
**Total net assets or liabilities**
**Funds**
**Restricted income funds**
**Unrestricted funds**
**Total funds**
Signed on behalf of the trustees
Stephanie Cooper|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Note**
**£**
**£**
8
1,325
-
10
8,966
200,000
10,291
200,000
9
430
-
9,861
200,000
9,861
200,000
-
-
9,861
200,000
200,000
9,861
9,861
200,000
Signature
Stephanie Cooper|**Unrestricted**
**funds**
**Restricted**
**income funds**
**£**
**£**
1,325
-
8,966
200,000
10,291
200,000
430
-
9,861
200,000|**Total this**
**year**
**£**
1,325
208,966|**Total last**
**year**
**£**
100
13,370|
|---|---|---|---|---|
||||210,291
430|13,470
200|
||||209,861|13,270|
|||9,861
200,000|209,861|13,270|
|||-
-|-
209,861
200,000
9,861
209,861
28 Jan 2025
30 Jan 2025|-|
|||9,861
200,000||13,270|
|||200,000
9,861||-
13,270|
|||9,861
200,000||13,270|
|||||Date of
approval|
||||||
Christian Thal-Jantzen
Christian Thal-Jantzen
6
## **THE SCROOGE FUND**
## **CHARITY NO. 1128812**
## **NOTES TO THE ACCOUNTS**
## **YEAR ENDED 31ST MARCH 2024**
## **1 Basis of preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## **1.2 Going concern**
The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.
## **2 Accounting policies**
## **2.1 Income**
Income from donations is included in income when these are receivable, except as follows:
I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;
II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Investment income is included on a receivable basis.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **2.1 Expenditure**
Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
The charity has creditors which are measured at settlement amounts less any trade discounts
## **2.2 Assets**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity date of three months or less from the date of acquisition or opening of the deposit.
7
## **THE SCROOGE FUND**
## **CHARITY NO. 1128812**
## **NOTES TO THE ACCOUNTS**
## **YEAR ENDED 31ST MARCH 2024**
## **3 Analysis of Income**
|**3**
**Analysis of Income**|**3**
**Analysis of Income**|||||
|---|---|---|---|---|---|
|**Unrestricted**
**funds**
Donations
2,605
Gift aid
2,234
Interest income
2,328
Other
-
**7,167**
**Donations**
Cherry Orchards Camphill Community Ltd
Other
**4**
**Analysis of expenditure**
**Expenditure on charitable activities:**
Admin and accounts
Trustee Expenses
Bank fees
Room rental
Bad debt
**Total expenditure on charitable activities**
**Analysis of expenditure on charitable activities**
**2024**
**Activities**
**undertaken**
**directly**
**Support Costs**
**Activity or programme**
**£**
**£**
Activity 1
266
230
**Total**
266
230
**5**
**Support costs**
**2024**
**Raising**
**funds**
**Activity 1**
**Support cost**
**£**
**£**
Governance
-
230
**Total**
-
230||**Unrestricted**
**funds**
2,605
2,234
2,328
-|**Restricted**
**Funds**
200,000|**Total Funds**
**2024**
202,605
2,234
2,328
-|**Total**
**Funds**
**2023**
40
-
19
3,000|
|||**7,167**|**200,000**|**207,167**|**3,059**|
||||**2024**
**Unrestricted**
**funds**
230
12
4
150
100|**2024**
202,520
85
**202,605**
**2023**
**Total funds**
**Unrestricted**
**funds**
230
100
12
352
4
13
150
-
100
-|**2023**
-
40|
||||||**40**|
||||||
**Total**
**funds**
100
352
13
-
-|
||||496|
496
465|
465|
||||**Total this**
**year**
**£**
496|**2023**
**Activities**
**undertaken**
**directly**
**Support**
**Costs**
**£**
**£**
365
100|**Total last**
**year**
**£**
465|
||266
230||
496|
365
100|
465|
||**2024**
**Raising**
**funds**
**Activity 1**
**£**
**£**
-
230||**Total this**
**year**
**£**
230|**2023**
**Raising**
**funds**
**Activity 1**
**£**
**£**
-
100|**Total last**
**year**
**£**
100|
||-
230||
230|
-
100|
100|
8
**THE SCROOGE FUND**
## **CHARITY NO. 1128812**
## **NOTES TO THE ACCOUNTS**
## **YEAR ENDED 31ST MARCH 2024**
## **6 Net income/(expenditure) for the year**
|This is stated after charging:
Independent Examiner's fee
**7**
**Grantmaking**
**Grants to individuals**
Activity 1
**8**
**Debtors and prepayments**
**Analysis of debtors**
Trade debtors
Prepayments and accrued income
Other debtors
**9**
**Creditors and accruals**
**Falling due within one year**
Trade creditors
Accruals and deferred income
Other creditors
**10**
**Cash at bank and in hand**
Cash at bank and in hand
**11**
**Charity funds**
**Restricted funds - 2024**
Cherry Orchards Camphill Community Ltd
**Unrestricted funds - 2024**
Other funds
**Unrestricted funds - 2023**
Other funds|**Fund balance**
**brought**
**forward**
-|**2024**
180
**2024**
10,080
**10,080**
**2024**
-
1,325
-
**1,325**
**2024**
-
430
-
**430**
**2024**
208,966
**208,966**
**Income**
**Expenditure**
200,000
-|**2023**
100
**2023**
6,951|
|---|---|---|---|
||||**6,951**|
||||**2023**
-
100
-|
||||**100**|
||||**2023**
-
200
-|
||||**200**|
||||**2023**
13,370|
||||**13,370**|
||||**Fund**
**balance**
**carried**
**forward**
200,000|
||**-**|**200,000**
**-**|**200,000**|
||**Fund balance**
**brought**
**forward**
13,270|
**Income**
**Expenditure**
7,167
10,576|**Fund**
**balance**
**carried**
**forward**
9,861|
||**13,270**|**7,167**
**10,576**|**9,861**|
||**Fund balance**
**brought**
**forward**
17,627|
**Income**
**Expenditure**
3,059
7,416|**Fund**
**balance**
**carried**
**forward**
13,270|
||**17,627**|**3,059**
**7,416**|**13,270**|
## **10 Cash at bank and in hand**
## **11 Charity funds**
## **Restricted funds**
Cherry Orchards Camphill Community Ltd - Donation of £200,000 is to be used to subsidise either the attendance at, or facilitation of services offered by Wild Dandelion.
9
## **THE SCROOGE FUND**
## **CHARITY NO. 1128812**
## **NOTES TO THE ACCOUNTS**
## **YEAR ENDED 31ST MARCH 2024**
## **12 Transactions with trustees and related parties**
## **Trustee remuneration and benefits**
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity in this year or the previous year.
|**Trustees expenses**
The following expenses were reimbursed:
Travel
Subsistence
Postage
Entertaining
Number of trustees reimbursed|**2024**
-
-
12
-
**12**
1|**2023**
-
-
-
352|
|---|---|---|
|||**352**|
|||2|
## **Transactions with related parties**
There have been no related party transactions in the reporting period or the previous year.
10
## **Issuer**
LAC Accounting Ltd
**Document generated** Mon, 27th Jan 2025 9:19:32 GMT
**Document fingerprint** 0dc0c5c493d8f36faf0a86b8c289da92
## **Parties involved with this document**
## **Document processed**
## **Party + Fingerprint**
Mon, 27th Jan 2025 9:21:02 GMT Tue, 28th Jan 2025 10:40:17 GMT Thu, 30th Jan 2025 12:24:58 GMT
Louise Coleman - Signer (90c3ca7bd4d94dc67762199f9bf92b66) Ms Stephanie Cooper - Signer (ce7a297965de94192c23a7705d6f093c) Mr Christian Thal-Jantzen - Signer (b077dfc24527044fa16ab7ae587bcb97)
## **Audit history log**
## **Date**
## **Action**
Thu, 30th Jan 2025 12:24:59 GMT Thu, 30th Jan 2025 12:24:58 GMT Thu, 30th Jan 2025 12:24:58 GMT Thu, 30th Jan 2025 12:13:17 GMT Thu, 30th Jan 2025 12:13:04 GMT Tue, 28th Jan 2025 10:40:17 GMT Tue, 28th Jan 2025 10:40:17 GMT Tue, 28th Jan 2025 10:40:17 GMT
Tue, 28th Jan 2025 10:40:17 GMT Tue, 28th Jan 2025 10:32:34 GMT Mon, 27th Jan 2025 9:21:02 GMT Mon, 27th Jan 2025 9:21:02 GMT Mon, 27th Jan 2025 9:21:02 GMT Mon, 27th Jan 2025 9:21:02 GMT Mon, 27th Jan 2025 9:20:26 GMT Mon, 27th Jan 2025 9:20:08 GMT Mon, 27th Jan 2025 9:20:08 GMT Mon, 27th Jan 2025 9:20:08 GMT Mon, 27th Jan 2025 9:19:32 GMT
Mr Christian Thal-Jantzen viewed the envelope (78.151.95.34) This envelope has been signed by all parties (78.151.95.34) Mr Christian Thal-Jantzen signed the envelope (78.151.95.34) Mr Christian Thal-Jantzen viewed the envelope (52.229.50.174) Mr Christian Thal-Jantzen viewed the envelope (78.151.95.34) Ms Stephanie Cooper viewed the envelope (109.146.32.189) Document emailed to party email (18.175.236.228) Sent the envelope to Mr Christian Thal-Jantzen for signing (109.146.32.189)
Ms Stephanie Cooper signed the envelope (109.146.32.189) Ms Stephanie Cooper viewed the envelope (109.146.32.189) Louise Coleman viewed the envelope (92.239.198.233) Document emailed to party email (35.177.208.227) Sent the envelope to Ms Stephanie Cooper for signing (92.239.198.233) Louise Coleman signed the envelope (92.239.198.233) Louise Coleman viewed the envelope (92.239.198.233) Document emailed to party email (35.179.140.173) Sent the envelope to Louise Coleman for signing () Envelope generated ()
Mr Christian Thal-Jantzen has been assigned to this envelope. (18.133.63.166)
Mon, 27th Jan 2025 9:19:32 GMT Ms Stephanie Cooper has been assigned to this envelope. (18.133.63.166) Mon, 27th Jan 2025 9:19:32 GMT Louise Coleman has been assigned to this envelope. (18.133.63.166) Mon, 27th Jan 2025 9:19:32 GMT Document generated with fingerprint 0dc0c5c493d8f36faf0a86b8c289da92. (18.133.63.166) Mon, 27th Jan 2025 9:19:32 GMT Envelope generated with fingerprint 9c263689967b2f769fbb8b7010d8cfd8 (18.133.63.166)