DocuSign Envelope ID: AEC39CB4-A9E9-43E3-A9DD-D30E708CD0EB
Charity registration number 1138195
Company registration number 07313052 (England and Wales)
BOOT OUT BREAST CANCER
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
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LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Ms D A Dowie Ms S Chantry Charity number 1138195 Company number 07313052 Registered office Suites 1a & 4 Melrose House 181 Chorley New Road Bolton BL1 4QZ Independent examiner Cowgill Holloway LLP Regency House 45-51 Chorley New Road Bolton Lancashire BL1 4QR Bankers Barclays Bank Plc The Wellsprings Victoria Square Bolton BL1 1BY
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CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
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TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2021
The Trustees present their annual report and financial statements for the year ended 31 August 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Objectives and activities
The principle activity of the charity is the relief of sickness and to promote and preserve good health for the public benefit, by the provision of equipment to medical institutions and charities involved in providing cancer treatment, advice and support.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
As a result of the Covid pandemic, the charity had to postpone all planned fundraising events during the year. The primary source of income was therefore donations. During the year we entered into an agreement with Your Donation Ltd, an organisation that collects unwanted clothing and sells it onto third parties. A percentage of this income is then donated to the charity on a monthly basis.
The Covid pandemic also hindered the charity’s ability to purchase and supply equipment to NHS hospitals, as it was impossible to meet with the relevant parties due to the Covid restrictions and as a result of the shift in NHS staff priorities and working practices.
Financial review
The principal source of income in the year was private donations and in particular, donations from Your Donation Ltd.
The Trustees are confident that the charity will continue to make good progress in the coming year, now that Covid restrictions are no longer in place. Several fundraising events are planned and we are once again purchasing much needed equipment for hospital breast cancer units. We are seeking to work with more partners and build on our current success and also spread our fundraising into a wider ranging area.
The nature of the charity’s activities, raising money to purchase equipment, means that it is not necessary to hold high levels of reserves in that there are no on-going commitments. The trustees would like to see unrestricted reserves at an appropriate level to cover management and administration and support costs to enable future fund raising events to be organised and will be working towards achieving this level of reserves over the next few years.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Plans for future periods
The Trustees consider that the charity has had a successful year and are confident that the charity will continue to make good progress in the coming year. We are seeking to work with more partners and build on our current success and also spread our fundraising into a wider ranging area.
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 13 July 2010. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
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TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Ms D A Dowie
Ms S Chantry
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the company. Under the requirements of the Memorandum and Articles of Association the directors are required to retire by rotation. Appointment of directors is by the charity in general meeting or by the directors.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
Trade creditors of the company at the year end were equivalent to 0 day's purchases, based on the average daily amount invoiced by suppliers during the year.
Supplier payment policy
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
Trade creditors of the company at the year end were equivalent to 0 day's purchases, based on the average daily amount invoiced by suppliers during the year.
The Trustees' r eport was approved by the Board of Trustees.
.............................. [ easeBCA08AD2A08447C... by: Ms D A Dowie
Trustee
27/5/2022 | 11:15 AM BST 27/5/2022 | 11:15 AM BST Date: .............................................
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOOT OUT BREAST CANCER
I report to the Trustees on my examination of the financial statements of Boot Out Breast Cancer (the charity) for the year ended 31 August 2021.
Responsibilities and basis of report
As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
M Murphy FCA Cowgill Holloway LLP
Regency House 45-51 Chorley New Road
Bolton Lancashire BL1 4QR
27/5/2022 | 11:21 AM BST 27/5/2022 | 11:21 AM BST Dated: .........................
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STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds |
||
| 2021 | 2020 |
||
| Notes | £ |
£ |
|
| Income from: | |||
| Donations and legacies | 3 | 60,331 | 251,145 |
| Investments | 4 | 2 | - |
| Total income | 60,333 | 251,145 |
|
| Expenditure on: | |||
| Raising funds | 5 | - | 60,651 |
| Charitable activities | 6 | 937 | 137,341 |
| Total expenditure | 937 | 197,992 |
|
| Net income for the year/ | |||
| Net movement in funds | 59,396 | 53,153 |
|
| Fund balances at 1 September 2020 | 285,101 | 231,948 |
|
| Fund balances at 31 August 2021 | 344,497 | 285,101 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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BALANCE SHEET
AS AT 31 AUGUST 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 9 | - | 43,907 | ||
| Cash at bank and in hand | 348,897 | 245,594 | |||
| 348,897 | 289,501 | ||||
| Creditors: amounts falling due within | |||||
| one year | 10 | (4,400) | (4,400) | ||
| Net current assets | 344,497 | 285,101 | |||
| Income funds | |||||
| Unrestricted funds | 344,497 | 285,101 | |||
| 344,497 | 285,101 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
27/5/2022 | 11:15 AM BST 27/5/2022 | 11:15 AM BST The financial statements were approved by the Trustees on .........................
.............................. [ easeBCA08AD2A08447C... by: Ms D A Dowie Trustee
Company registration number 07313052
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting policies
Charity information
Boot Out Breast Cancer is a private company limited by guarantee incorporated in England and Wales. The registered office is Suites 1a & 4, Melrose House, 181 Chorley New Road, Bolton, BL1 4QZ.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting policies
(Continued)
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9 F und accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.10 Value Added Tax
Value Added Tax is not recoverable by the company and as such is included in the relevant costs in the Statement of Financial Activities.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Donations and gifts | 60,331 | 235,545 |
| Grants received | - | 20,000 |
| Less: deferred income | - | (4,400) |
| 60,331 | 251,145 |
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
4 Investments
| 5 6 |
Unrestricted funds 2021 £ Interest receivable 2 Raising funds Unrestricted funds 2021 £ Costs of generating voluntary income Staging fundraising events - Charitable activities Finance Charges Donations to support charitable activities Total 2021 £ £ £ C haritable expenditure - - - Share of governance costs 937 - 937 937 - 937 |
Total 2020 £ - Total 2020 £ 60,651 Total 2020 £ 134,964 2,377 137,341 |
|---|---|---|
7 Trustees
None of the Trustees (or any persons connected with them) received any remuneration during the year.
8 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
| 8 Employees There were no employees whose annual remuneration was more than £60,000. 9 Debtors Amounts falling due within one year: Prepayments and accrued income 10 Creditors: amounts falling due within one year Notes Deferred income 11 11 Deferred income Arising from deferred ticket sales Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 September 2020 Released from previous periods Deferred income at 31 August 2021 |
(Continued) 2021 2020 £ £ - 43,907 2021 2020 £ £ 4,400 4,400 2021 2020 £ £ 4,400 4,400 2021 2020 £ £ 4,400 4,400 4,400 23,400 - (19,000) 4,400 4,400 |
|---|---|
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