Charity number: 1139577
THE UNCLE BILL TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
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 2021
The Trustees present their yearly annual report together with the financial statements of The Uncle Bill Trust (the charity) for the ended 31 December 2021. 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 IcoKnNUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Achlevem8nt and pertormance . REVIEW OF ACTIVITIES The charity made gifts 01 £36,59912020.' £20. 4701 lo varknus charitles for public benefft wrposes In the year. The maln achlev8ment durlng the year has b88n the prO$10n ol charitabla donations lo varfoug Cal and national charities. Flnanclal r•vl¢w a. RESERVES POLICY The Charlly's prfnclpa fuTrder is the founder of the charity. Grant lundlng 15 only commlttgd after CnsIderatIon of the lund8 available all8r d8ducts.ng running costs. The Trustees do therefore not consider it naSsary or appropriate lo hokl 8ignifi'¢ani free reserygs. b. FUTURE DEVELOPME$ The charit1$ plans lor the lulure are to coniinue to provth grants ol a charftable naturo to institullon8 basgd on the r6commendallons of the founder. Statement ol Trust888' re4ponslblllth• Thg Trustees are responsible tor proparing the Truste8s' rwrt and the financia slai&monts in accordance wilh apleable law and Unffed Kingdom Accountlng Standards (United Kingdom Generally Accepted A¢eounlSng Practice). The law applicable 10 charbtSes In England & w0S requires the Trustees to prepare flnanclal slalemenls lor each tinancial year which give a true and fair view ol slate ol aff&rs ol the Charity and ol ils Incomlng resources and application of resources, Including its income eypendkuro, lor that pgrfod. In preparfng thèse Ilnancial 8tal&menis, the Trustees are required lo.. select suitablè accounting polieies ar¥J then Y them consi5tentty', observe the methods and prlnclplos of the Gharilles SOAP IFRS 1021; mako Judgments and accounting esiimales I,lal are r¢asonatAe and prudent.. state whether applicabl& UK Accou.Iling Standards IFRS 1021 havg been followed, sublecl lo any maiorlal departures disclosed and explained in thg financial slalements., prepare the financial slatgments on the going concem basis unless il is inapproprfate lo presume that the Charity wll continuo in bu5inoss. Th& Trustees are re$ponsible for keeplng adequaio accounting records that are sufficient to show and explwn the Charity's transactions and disdose with reasonable accuracy at any tim8 the financi position of the Char and orna¢ them lo onsure that the financial staiemanis cO.pIY wth the Charilies Act 2011, th8 Charity (Accounts and Reports) R¢gvlalions 2008 arvj the provisions ol the Trust deed. They are also responsible lor safeguarding the assets ol the Charity and hence for taking reasonthe stops lor the prevonlion ar>d detection ol fraud and Other irregulariJes. Approvad order ol the members of the board of aJKI signed on their behatf by.. Trusleos on Mr J R Perrfn Page 3
THE UNCLE BILL TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021.
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
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: 13 September 2022
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 2021
| 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 2021 £ 60,000 60,000 47,636 47,636 12,364 4,973 12,364 17,337 |
Total funds 2021 £ 60,000 60,000 47,636 47,636 12,364 4,973 12,364 17,337 |
Total funds 2020 £ 30,000 |
|---|---|---|---|
| 30,000 | |||
| 28,599 | |||
| 28,599 | |||
| 1,401 | |||
| 3,572 1,401 |
|||
| 4,973 |
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 TAUST BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Note Curront a$gets Cash al bank and In hand 19,831 6,933 19.831 6,935 Creditors.. amounts laillng duo wlhln one year 12,494) (1.960) Net current 8888ts 17,337 4,975 Total ag88ts less current Ilabllltl•8 17,337 4,973 Tot*1 net a88at• 17B37 4.973 Charlty fund8 Roslricled funds Unre8trictad funds 17,337 4,975 Total funds 17,337 4,973 The flnanclal slatemonts were aEproved and auth0ri58d lor issue by Ihg Trustaes on aTrJ Signed on their bohall by: Mr J R Perrln The notes on pagos 7 10 14 form part of these linancial slalemenls. Page 6
THE UNCLE BILL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
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 2021
3. Income from donations and legacies
| Donations Total 2020 Analysis of grants Grants to institutions Total 2020 |
Unrestricted funds 2021 £ 60,000 30,000 Grants to Institutions 2021 £ 36,349 20,470 |
Total funds 2021 £ 60,000 30,000 Total funds 2021 £ 36,349 20,470 |
Total funds 2020 £ 30,000 |
|---|---|---|---|
| Total funds 2020 £ 20,470 |
|||
4. Analysis of grants
5. Analysis of expenditure on charitable activities Summary by fund type
| Support costs Grants to institutions Total 2020 |
Unrestricted funds 2021 £ 11,287 36,349 47,636 28,599 |
Total funds 2021 £ 11,287 36,349 47,636 28,599 |
Total funds 2020 £ 8,129 20,470 |
|---|---|---|---|
| 28,599 | |||
Page 9
THE UNCLE BILL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
6. Analysis of expenditure by activities
| Support costs Grants to institutions Total 2020 |
Grant funding of activities 2021 £ - 36,349 36,349 20,470 |
Support costs 2021 £ 11,287 - 11,287 8,129 |
Total funds 2021 £ 11,287 36,349 47,636 28,599 |
Total funds 2020 £ 8,129 20,470 |
|---|---|---|---|---|
| 28,599 | ||||
Analysis of support costs
| Independent examination fees Administation charges Total 2020 |
Activities 2021 £ 1,026 10,261 11,287 8,129 |
Total funds 2021 £ 1,026 10,261 11,287 8,129 |
Total funds 2020 £ 1,014 7,115 |
|---|---|---|---|
| 8,129 | |||
7. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,014 ( 2020 - £1,074 ).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .
During the year ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL) .
Page 10
THE UNCLE BILL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
9. Creditors: Amounts falling due within one year
| Accruals and deferred income Financial instruments Financial assets Financial assets measured at fair value through income and expenditure |
2021 £ 2,494 2021 £ 19,831 |
2020 £ 1,960 |
|---|---|---|
| 2020 £ 6,933 |
10. Financial instruments
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 2021
11. Statement of funds
| Statement of funds - current year | Statement of funds - current year | |||
|---|---|---|---|---|
| Balance at 31 | ||||
| Balance at 1 | December | |||
| January 2021 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds | 4,973 | 60,000 | (47,636) | 17,337 |
Page 12
THE UNCLE BILL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
11. Statement of funds (continued)
Statement of funds - prior year
| Balance at | Balance at | |||
|---|---|---|---|---|
| 1 January | 31 December | |||
| 2020 | Income | Expenditure | 2020 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds | 3,572 | 30,000 | (28,599) | 4,973 |
12. Summary of funds
Summary of funds - current year
| General funds Summary of funds - prior year General funds |
Balance at 1 January 2021 £ 4,973 Balance at 1 January 2020 £ 3,572 |
Income £ 60,000 Income £ 30,000 |
Expenditure £ Balance at 31 December 2021 £ (47,636) 17,337 Expenditure £ Balance at 31 December 2020 £ (28,599) 4,973 |
|---|---|---|---|
13. Analysis of net assets between funds Analysis of net assets between funds - current year
| Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 19,831 (2,494) 17,337 |
Total funds 2021 £ 19,831 (2,494) 17,337 |
|---|---|---|
Page 13
THE UNCLE BILL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 6,933 (1,960) 4,973 |
Total funds 2020 £ 6,933 (1,960) 4,973 |
|---|---|---|
14. Related party transactions
There were no related party transactions for the year ended 31 December 2021.
Page 14