**Charity number: 1139577** ## **THE UNCLE BILL TRUST** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2020** ## **THE UNCLE BILL TRUST** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 3| |**Independent examiner's report**|4| |**Statement of financial activities**|5| |**Balance sheet**|6| |**Notes to the financial statements**|7 - 14| ## **THE UNCLE BILL TRUST** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **Trustees** Mr J R Perrin Mr M S Hansell Mrs H M Walker ## **Charity registered number** 1139577 ## **Principal office** Mills & Reeve 78 - 84 Colmore Row Birmingham B3 2AB ## **Accountants** Crowe U.K. LLP Chartered Accountants Black Country House Rounds Green Road Oldbury West Midlands B69 2DG Page 1 ## **THE UNCLE BILL TRUST** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020** The Trustees present their yearly annual report together with the financial statements of The Uncle Bill Trust (the charity) for the ended 31 December 2020. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice Charities SORP (FRS 102) "Accounting and Reporting by Charities" effective 1 January 2015. ## **Structure, governance and management** ## **a. CONSTITUTION** The Uncle Bill Trust is constituted by a Trust Deed made in October 2010 and is a registered charity, number 1139577. The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES** The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **c. ORGANISATIONAL STRUCTURE AND DECISION MAKING** In setting the charity's policy and planning its activities, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. ## **Objectives and Activities** ## **a. POLICIES AND OBJECTIVES** The principal object of the charity is to provide gifts to charitable organisations, based on the recommendations from the founder. The charitable objects are to apply the income, and all such parts of the capital as the Trustees think fit (whether through donations to other charities or by any other charitable means), for or towards such charitable purposes the Trustees think fit. ## Public benefit The Charity Commission in its "Charities and Public Benefit" Guidance states that there are two key principles to be met in order to show that an organisation's aims are for the public benefit: firstly, there must be an identifiable benefit and secondly, that the benefit must be to the public or a section of the public. The Trustees are satisfied that the aims and objectives of the charity, and the activities reported on below to achieve those aims, meet these principles. The charity is providing public benefit to charitable organisations by making donations to them. The charity is making grants to other charities or any other charitable means for the public benefit. Page 2 THE UNCLE BILL TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Achlevement and perfomian¢e a. REVIEW OF ACTIVITIES The charity made gifts 01 £20,47012019: £20,383) lo various charities lor public tenefil purposes in the year. The main achievement during the year has been Ihe provision ol charitable donations to various local and national charities. Flnanclal revlew a. RESER VES POLICY The Charity's principal funder is the founder ol the ¢harity. Grant funding is only committed after consideration ol the funds available aller deducting running costs. The Trustees do Iherelore not consider il necessary or appropriate lo hold significant free resetves. b. FUTURE DEVELOPMENTS The charills plans for the future are lo continue lo provKle grants ol a Charitab￿ nature to institutions bas&1 on the re¢ommendatiu)ns of the founder. The Trustees have looked al the impact of COVID 19 on the charity and believe thal the charity is abEe lo continue with their charitable a¢iivilies. Statement of Trustees, responslbllltles The Trustees are responsible for preparing the Tnjslees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acoepled Accounting pra￿l¢e). The law appliGable lo charities in England & Wales requires the Trustees lo prepare linancial slalements lor each financial year which give a true and lair view ol the state ol affairs ol the Chartty and ol ils incoming resources and application ol resources, including its income and expenditure, for that period. In preparing these financial slatemenls, the Trustees are required lo.. select suitable accoL¢nling policies and then apply them consislenlly., observe the meihods and principles ol the Charities SORP IFRS 1021., make judgments and accounting eslimales that ar8 reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures dis¢losed and explained in the tinan¢i81 slalemenis., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Charity will contrnue in business. The Trustees are responSi￿e for keeping adequate acGounting rewrds that are sutticienl lo show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial slalemènts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions ol the Trust deed. They are also responsible lor safeguarding the assets ol the Charity and hence lor laking reasonable steps lor the prevention and detection ol Iraud and other irregularities. Approved by ord of the members 8 April 2021 ol the tx)ard and signed on Iheir behalf by: Trustees on Mr J R Perrln Page 3 ## **THE UNCLE BILL TRUST** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020** ## **Independent Examiner's Report to the Trustees of The Uncle Bill Trust ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2020. ## **Responsibilities and Basis of Report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 9 April 2021 Kerry Brown FCA CROWE U.K. Black Country House Rounds Green Road Oldbury West Midlands B69 2DG Page 4 ## **THE UNCLE BILL TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2020**
**£**
**30,000**
**30,000**
**28,599**
**28,599**
**1,401**
**3,572**
**1,401**
**4,973**|**Total**
**funds**
**2020**
**£**
**30,000**
**30,000**
**28,599**
**28,599**
**1,401**
**3,572**
**1,401**
**4,973**|_Total_
_funds_
_2019_
_£_
_30,000_| |---|---|---|---| ||||_30,000_| ||||_27,806_| ||||_27,806_| ||||_2,194_| ||||_1,378_
_2,194_| ||||_3,572_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 7 to 14 form part of these financial statements. Page 5 THE UNCLE BILL TRUST BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Note Current assets Cash at bank and in hand 6,933 6,372 6,933 6,372 Creditors: amounts falling due wrthin one year {1,960) (2,800J Net Gurrent assels 4,973 3,572 Total assets less curr8nt liabllltSes 4,973 3,572 Total net assetg 4,9n 3,572 Charity funds Unrestricted funds 11 4,973 3,572 Total lund$ 4,973 3.572 The financial slatemenls were approved and aulhorised lor issue by the Trustees on 9 April 2021 and signed on their behalf by= r J R Perrln The notes on pages 7 to 13 form part ol these financial stalemenls. Page 6 ## **THE UNCLE BILL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. General information** The Uncle Bill Trust, formerly The Night Garden Charity, is a charity constituted by a Deed of Trust in England, whose principal office is Mills & Reeve, 78-84 Colmore Row, Birmingham, B3 2AB. It has no share capital. Its principal activity is to provide gifts to charitable organisations. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Uncle Bill Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Going concern** The charity has cash resources and has no requirement for external funding. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements. ## **2.3 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## **2.4 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 allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Page 7 ## **THE UNCLE BILL TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **2. Accounting policies (continued)** ## **2.4 Expenditure (continued)** Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. The names of the institutions receiving grants out of trust funds administered by the reporting charity are not disclosed during the lifetime of the founder or spouse, as provided by the Charities Act 2011. All expenditure is inclusive of irrecoverable VAT. ## **2.5 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.6 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.7 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.8 Fund 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. Page 8 ## **THE UNCLE BILL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **3. Income from donations and legacies** |Donations
_Total 2019_|**Unrestricted**
**funds**
**2020**
**£**
30,000
_30,000_|**Total**
**funds**
**2020**
**£**
**30,000**
_30,000_|_Total_
_funds_
_2019_
_£_
_30,000_| |---|---|---|---| ||||| ## **4. Analysis of grants** |Grants to institutions
_Total 2019_|**Grants to**
**Institutions**
**2020**
**£**
20,470
_20,383_|**Total**
**funds**
**2020**
**£**
**20,470**
_20,383_|_Total_
_funds_
_2019_
_£_
_20,383_| |---|---|---|---| ||||| ## **5. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Support costs
Grants to institutions
_Total 2019_|**Unrestricted**
**funds**
**2020**
**£**
8,129
20,470
28,599
_27,806_|**Total**
**funds**
**2020**
**£**
**8,129**
**20,470**
**28,599**
_27,806_|_Total_
_funds_
_2019_
_£_
_7,423_
_20,383_| |---|---|---|---| ||||_27,806_| ||||| Page 9 **THE UNCLE BILL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **6. Analysis of expenditure by activities** |Support costs
Grants to institutions
_Total 2019_|**Grant**
**funding of**
**activities**
**2020**
**£**
-
20,470
20,470
_20,383_|**Support**
**costs**
**2020**
**£**
8,129
-
8,129
_7,423_|**Total**
**funds**
**2020**
**£**
**8,129**
**20,470**
**28,599**
_27,806_|_Total_
_funds_
_2019_
_£_
_7,423_
_20,383_| |---|---|---|---|---| |||||_27,806_| |||||| ## **Analysis of support costs** |Independent examination fees
Administation charges
_Total 2019_|**Activities**
**2020**
**£**
1,014
7,115
8,129
_7,423_|**Total**
**funds**
**2020**
**£**
**1,014**
**7,115**
**8,129**
_7,423_|_Total_
_funds_
_2019_
_£_
_1,074_
_6,349_| |---|---|---|---| ||||_7,423_| ||||| ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £1,014 ( _2019_ - _£1,074_ ). ## **8. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2019 - £NIL)_ . During the year ended 31 December 2020, no Trustee expenses have been incurred _(2019 - £NIL)_ . Page 10 ## **THE UNCLE BILL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **9. Creditors: Amounts falling due within one year** ||**2020**|_2019_| |---|---|---| ||**£**|_£_| |Accruals and deferred income|**1,960**|_2,800_| ## **10. Financial instruments** ||**2020**|_2019_| |---|---|---| ||**£**|_£_| |**Financial assets**||| |Financial assets measured at fair value through income and expenditure|**6,933**|_6,372_| Financial assets measured at amortised cost comprises cash at bank. Financial liabilities measured at amortised cost comprises accruals. Page 11 ## **THE UNCLE BILL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. Statement of funds** |**Statement of funds - current year**||||| |---|---|---|---|---| |||||**Balance at 31**| ||**Balance at 1**|||**December**| ||**January 2020**|**Income**|**Expenditure**|**2020**| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |General Funds|**3,572**|**30,000**|**(28,599)**|**4,973**| Page 12 ## **THE UNCLE BILL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. Statement of funds (continued)** |**Statement of funds - prior year**||||| |---|---|---|---|---| ||_Balance at_|||_Balance at_| ||_1 January_|||_31 December_| ||_2019_|_Income_|_Expenditure_|_2019_| ||_£_|_£_|_£_|_£_| |**Unrestricted funds**||||| |General Funds|_1,378_|_30,000_|_(27,806)_|_3,572_| ## **12. Summary of funds** **Summary of funds - current year** |General funds
**Summary of funds - prior year**
General funds|**Balance at 1**
**January 2020**
**£**
**3,572**
_Balance at_
_1 January_
_2019_
_£_
_1,378_|**Income**
**£**
**30,000**
_Income_
_£_
_30,000_|**Expenditure**
**£**
**Balance at 31**
**December**
**2020**
**£**
**(28,599)**
**4,973**
_Expenditure_
_£_
_Balance at_
_31 December_
_2019_
_£_
_(27,806)_
_3,572_| |---|---|---|---| Page 13 ## **THE UNCLE BILL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **13. Analysis of net assets between funds** ## **Analysis of net assets between funds - current period** |Current assets
Creditors due within one year
**Total**
**Analysis of net assets between funds - prior period**
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2020**
**£**
6,933
(1,960)
4,973
_Unrestricted_
_funds_
_2019_
_£_
6,372
(2,800)
3,572|**Total**
**funds**
**2020**
**£**
**6,933**
**(1,960)**
**4,973**
_Total_
_funds_
_2019_
_£_
_6,372_
_(2,800)_
_3,572_| |---|---|---| ## **14. Related party transactions** There were no related party transactions for the year ended 31 December 2020. Page 14