REGISTERED CHARITY NUMBER: 1137148
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2022
for
NORTHWEST RELIEF TRUST
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
NORTHWEST RELIEF TRUST
Contents of the Financial Statements FOR THE YEAR ENDED 31 OCTOBER 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
NORTHWEST RELIEF TRUST
Report of the Trustees FOR THE YEAR ENDED 31 OCTOBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31 October 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1137148
Principal address
20 Fishwick Parade Preston Lancashire PR1 4XQ
Trustees
I Adam Y M I A Patel I U Issa
Approved by order of the board of trustees on 18 July 2023 and signed on its behalf by:
I Adam - Trustee
Page 1
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Statement of Financial Activities FOR THE YEAR ENDED 31 OCTOBER 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 51,874 Investment income 2 2 Total 51,876 EXPENDITURE ON Charitable activities Provision of Services 54,793 NET INCOME/(EXPENDITURE) (2,917) RECONCILIATION OF FUNDS Total funds brought forward 128,823 TOTAL FUNDS CARRIED FORWARD 125,906 |
2021 Total funds £ 132,775 14 |
|---|---|
| 132,789 | |
| 98,640 | |
| 34,149 94,674 |
|
| 128,823 |
The notes form part of these financial statements
Page 2
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Balance Sheet 31 OCTOBER 2022
| 2022 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 2,463 Cash at bank and in hand 125,663 128,126 CREDITORS Amounts falling due within one year 6 (2,220) NET CURRENT ASSETS 125,906 TOTAL ASSETS LESS CURRENT LIABILITIES 125,906 NET ASSETS 125,906 FUNDS 7 Unrestricted funds 125,906 TOTAL FUNDS 125,906 |
2021 Total funds £ 3,235 128,288 131,523 (2,700) 128,823 128,823 128,823 128,823 128,823 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 July 2023 and were signed on its behalf by:
I Adam - Trustee
The notes form part of these financial statements
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Notes to the Financial Statements FOR THE YEAR ENDED 31 OCTOBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Interest | 2 | 14 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2022
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Provision of Services NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 7. MOVEMENT IN FUNDS At 1/11/21 £ Unrestricted funds General fund 128,823 TOTAL FUNDS 128,823 |
Unrestricted fund £ 132,775 14 132,789 98,640 34,149 94,674 128,823 2022 2021 £ £ 2,463 3,235 2022 2021 £ £ 2,220 2,700 Net movement At in funds 31/10/22 £ £ (2,917) 125,906 (2,917) 125,906 |
|---|---|
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2022
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 51,876 TOTAL FUNDS 51,876 Comparatives for movement in funds At 1/11/20 £ Unrestricted funds General fund 94,674 TOTAL FUNDS 94,674 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 132,789 TOTAL FUNDS 132,789 |
Resources Movement expended in funds £ £ (54,793) (2,917) (54,793) (2,917) Net movement At in funds 31/10/21 £ £ 34,149 128,823 34,149 128,823 Resources Movement expended in funds £ £ (98,640) 34,149 (98,640) 34,149 |
Resources Movement expended in funds £ £ (54,793) (2,917) (54,793) (2,917) Net movement At in funds 31/10/21 £ £ 34,149 128,823 34,149 128,823 Resources Movement expended in funds £ £ (98,640) 34,149 (98,640) 34,149 |
|---|---|---|
| 34,149 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/11/20 £ 94,674 94,674 |
Net movement in funds £ 31,232 31,232 |
At 31/10/22 £ 125,906 |
|---|---|---|---|
| 125,906 |
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2022
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 184,665 | (153,433) | 31,232 |
| TOTAL FUNDS | 184,665 | (153,433) | 31,232 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2022.
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Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 OCTOBER 2022
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Gift aid Investment income Interest Total incoming resources EXPENDITURE Charitable activities Website Costs Charitable Activities Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2022 £ (1) 49,412 2,463 51,874 2 51,876 - 54,000 54,000 73 720 54,793 (2,917) |
2021 £ 1 129,539 3,235 |
|---|---|---|
| 132,775 14 |
||
| 132,789 360 97,500 |
||
| 97,860 60 720 |
||
| 98,640 | ||
| 34,149 |
This page does not form part of the statutory financial statements
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