# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021**
# **THE JACK & ADA BEATTIE FOUNDATION**
**CHARITY REGISTRATION No:1142892**
Castle View Accounting Ltd Old Printing House Square Unit 16, Tarrant Street Arundel West Sussex BN18 9JF
1
## **THE JACK & ADA BEATTIE FOUNDATION**
||**CONTENTS**|
|---|---|
|Page 3|Legal and Administrative Information|
|Page 4|Independent Examiners Report to the Trustees|
|Page 5|Trustees' Report|
|Page 6|Statement of Financial Activities|
|Page 7|Balance Sheet|
|Pages 8 to 12|Notes to the Financial Statements|
2
## **THE JACK & ADA BEATTIE FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1142892 **DATE OF REGISTRATION** 14th July 2011 **START OF FINANCIAL YEAR** 1st April 2020 **END OF FINANCIAL YEAR** 31st March 2021 **TRUSTEES AS AT 31ST MARCH 2021** Mr Peter Beattie Mr Paul Beattie Mr Trevor Beattie Ms Alexandra Taliadoros
The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.
**LEGAL STATUS** Unincorporated Charity **GOVERNING INSTRUMENT** Declaration of Trust Dated 17th May 2011
## **OBJECTS**
The relief of those who are need due to age, sickness, disability or financial hardship including but without limitation through the provision of grants, good or services and the promotion of social justice in such parts of London, the United Kingdom and the World as the Trustee may from time to time think fit.
**REGISTERED ADDRESS** Soho Works Unit 4.07 The Tea Building 56 Shoreditch High Street London E1 6JJ **PRIMARY BANKERS** Barclays Bank Plc 1 Churchill Place London E14 5HP **INDEPENDENT EXAMINERS** Castle View Accounting Ltd Old Printing House Square Unit 16, Tarrant Street Arundel West Sussex BN18 9JF
3
##
##
##
##
##
##
##
##
##
##
##
##
##
##
## **THE JACK & ADA BEATTIE FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31ST MARCH 2021**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations & Legacies
**3a**
Other Income
**3b**
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**2020/21**
**2019/20**
£
£
£
£
47,444
-
47,444
17,853
76
-
76
215
**47,520**
**-**
**47,520**
**18,068**
49,845
-
49,845
12,952
675
-
675
-
**50,520**
**-**
**50,520**
**12,952**
**(3,000)**
**-**
**(3,000)**
**5,116**
6,715
-
6,715
1,398
**3,715**
**-**
**3,715**
**6,514**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 12 form part of these financial statements.
6
##
##
||l***or
2|Unrt#qrf
f.
Pund|kr*tr
$!$€|*r{fF"*t
t
i iJcl|*r{fF"*t
t
i iJcl|1#
*t,kf6
j|1#
*t,kf6
j|
|---|---|---|---|---|---|---|---|
||?
3|,1:rli.||||||
|,Assets|||||||e.?15|
||5|||||||
|||||||*is||
|.qssETSj{L[AtsLm_NEs]||||||||
|f*Jrr,Bnt liahitilies||3,71$|||3|?,:s|s,Jtl|
|||3,?9$|||||$.?rs|
|&red&oru;i-trgTemml_i€tofilities|10|||||||
|,dEx.ASSETS/{{-!AB,UflES}||||||||
|jil::'i1';ifi:::lr:.,J.;-ii1r';:iiift',
i*irti.i:rt:.,1r.r.* :r:ir,..r:.rl||||||||
|..ir.'iti||3,715||||4715|q?r5|
## **THE JACK & ADA BEATTIE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31ST MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services has been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
8
## **THE JACK & ADA BEATTIE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Support Costs**_
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage.
## _**Unrestricted Funds**_
Unrestricted funds can be used for the general objectives of the charity. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted Funds**_
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of a special appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
## _**Designated Funds**_
Designated Funds are funds set aside by the trustees from the unrestricted general funds which have been ring fenced for particular purposes or projects.
## _**Stock**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
## _**Fixed Assets**_
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows:
General Equipment 25% - Reducing Balance Basis
## **2. TANGIBLE FIXED ASSETS**
The Charity held no fixed assets during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2021 : None 31st March 2020 : None
9
## **THE JACK & ADA BEATTIE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **3. INCOME AND ENDOWMENTS**
|**Notes**
**a) Donations & Legacies**
Gifts & Donations
Gift Aid
**b) Other Income**
Sundry Income|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**2020/21**
**2019/20**
£
£
£
£
43,444
-
43,444
16,829
4,000
-
4,000
1,024
**47,444**
**-**
**47,444**
**17,853**
76
-
76
215
**76**
**-**
**76**
**215**|
|---|---|
## **4. EXPENDITURE ON:**
|**a) Charitable Activities**
Administrative Expenses
Consultancy Fees
Digital Design & Support Costs
Fundraising Resources
Gifts & Grants
Sundry Expenses
**b) Governance Costs**
Independent Examiner's Fee
**9**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**2020/21**
**2019/20**
£
£
£
£
290
-
290
3,452
20,367
-
20,367
3,334
13,683
-
13,683
1,967
1,097
-
1,097
1,200
14,408
-
14,408
1,569
-
-
-
1,430
**49,845**
**-**
**49,845**
**12,952**
675
-
675
-
**675**
**-**
**675**
**-**|
|---|---|
10
## **THE JACK & ADA BEATTIE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **5. DESIGNATED FUNDS**
The Charity held no Designated Funds during this or the previous financial year.
## **6. RESTRICTED FUNDS**
The Charity held no Restricted Funds during this or the previous financial year.
## **7. CASH AT BANK AND IN HAND**
||Unrestricted|Restricted|**Total**|**Total**|
|---|---|---|---|---|
||Fund|Fund|**31-Mar-21**|**31-Mar-20**|
||£|£|**£**|**£**|
|Cash at Bank and in Hand|4,390|-|4,390
6,715||
||**4,390**|**-**|**4,390**
**6,715**||
|**8. DEBTORS AND PREPAYMENTS**|||||
|Sundry Debtors|Unrestricted
Fund
£
-|Restricted
Fund
£
-|**Total**
**31-Mar-21**
**£**|**Total**
**31-Mar-20**
**£**
-
-|
||**-**|**-**||**-**
**-**|
|**9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING**||**DUE WITHIN**|**ONE YEAR**||
|Independent Examiner's Fee|Unrestricted
Fund
£
675|Restricted
Fund
£
-|**Total**
**Total**
**31-Mar-21**
**31-Mar-20**
**£**
**£**
675
-||
||**675**|**-**|**675**
**-**||
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial year.
## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible Fixed Assets
Net Current Assets
Long Term Liabilities
**TOTAL FUNDS**|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-21**
**31-Mar-20**
£
£
£
£
-
-
-
-
3,715
-
3,715
6,715
-
-
-
-
**3,715**
**-**
**3,715**
**6,715**|
|---|---|
11
## **THE JACK & ADA BEATTIE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **12. STAFF COSTS AND NUMBERS**
The Charity employed no members of staff during this or the previous financial period.
## **13. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS**
The only payments made to the Trustees consisted of reimbursements of expenses incurred in furthering the Charity's objects and no direct benefits were received by the Trustees during the financial year.
No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them (2019/20: None).
## **14. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **15. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **16. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
12