REGISTERED CHARITY NUMBER: 1137148
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2023
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 2023
| 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 October 2023. 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 29 August 2024 and signed on its behalf by:
I Adam - Trustee
Page 1
NORTHWEST RELIEF TRUST
Statement of Financial Activities FOR THE YEAR ENDED 31 OCTOBER 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 93,139 Investment income 2 581 Total 93,720 EXPENDITURE ON Charitable activities Provision of Services 134,356 NET INCOME/(EXPENDITURE) (40,636) RECONCILIATION OF FUNDS Total funds brought forward 125,906 TOTAL FUNDS CARRIED FORWARD 85,270 |
2022 Total funds £ 51,874 2 51,876 54,793 (2,917) 128,823 125,906 |
|---|---|
The notes form part of these financial statements
Page 2
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Balance Sheet 31 OCTOBER 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 8,644 Cash at bank and in hand 78,845 87,489 CREDITORS Amounts falling due within one year 6 (2,219) NET CURRENT ASSETS 85,270 TOTAL ASSETS LESS CURRENT LIABILITIES 85,270 NET ASSETS 85,270 FUNDS 7 Unrestricted funds 85,270 TOTAL FUNDS 85,270 |
2022 Total funds £ 2,463 125,663 128,126 (2,220) 125,906 125,906 125,906 125,906 125,906 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 August 2024 and were signed on its behalf by:
I Adam - Trustee
The notes form part of these financial statements
Page 3
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Notes to the Financial Statements FOR THE YEAR ENDED 31 OCTOBER 2023
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 | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Interest | 581 | 2 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
| 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/(EXPENDITURE) 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 Trade creditors Other creditors 7. MOVEMENT IN FUNDS At 1/11/22 £ Unrestricted funds General fund 125,906 TOTAL FUNDS 125,906 |
Unrestricted fund £ 51,874 2 51,876 54,793 (2,917) 128,823 125,906 2023 2022 £ £ 8,644 2,463 2023 2022 £ £ (1) - 2,220 2,220 2,219 2,220 Net movement At in funds 31/10/23 £ £ (40,636) 85,270 (40,636) 85,270 |
|---|---|
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 93,720 93,720 At 1/11/21 £ 128,823 128,823 |
Resources Movement expended in funds £ £ (134,356) (40,636) (134,356) (40,636) Net movement At in funds 31/10/22 £ £ (2,917) 125,906 (2,917) 125,906 |
Resources Movement expended in funds £ £ (134,356) (40,636) (134,356) (40,636) Net movement At in funds 31/10/22 £ £ (2,917) 125,906 (2,917) 125,906 |
|---|---|---|---|
| (40,636) | |||
| At 31/10/22 £ 125,906 |
|||
| 125,906 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 51,876 | (54,793) | (2,917) |
| TOTAL FUNDS | 51,876 | (54,793) | (2,917) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/11/21 £ 128,823 128,823 |
Net movement in funds £ (43,553) (43,553) |
At 31/10/23 £ 85,270 |
|---|---|---|---|
| 85,270 |
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
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:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 145,596 145,596 |
Resources Movement expended in funds £ £ (189,149) (43,553) (189,149) (43,553) |
|---|---|---|
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2023.
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Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 OCTOBER 2023
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Gift aid Investment income Interest Total incoming resources EXPENDITURE Charitable activities Charitable Activities Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net expenditure |
2023 £ - 84,495 8,644 93,139 581 93,720 133,564 72 720 134,356 (40,636) |
2022 £ (1) 49,412 2,463 51,874 2 51,876 54,000 73 720 54,793 (2,917) |
|---|---|---|
This page does not form part of the statutory financial statements
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