2021-04-30-accounts - Sunday For Sammy Trust

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Our Ref: SUN0537/KS

Your Ref: 1144531

‘Please ask for Ken Scott

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Bassett Herron
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. . Jamie Wilkie CharityOx Commission Liverpool L20 7YX

Chartered Accountants and Business Advisers Benton House pellvay IndustitleyEsaRoa Newcastleoo ey Fax: 46(oye4s4 302011 E-Mail: info@willisscott.co.uk Web Site: www.willisscott.co.uk

18 April, 2023

Dear Sirs

Sunday for Sammy Trust

On behalf of the above registered charity, please find enclosed a copy of the Trustee’s Report and Financial Statements for the year ended 30" April 2021.

Yours faithfully

Bassett Herron Chartered Accountants & Business Advisors

-

Ene.

ee

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CHARITY COMMISSION |
|... FIRST CONTACT. Of

20 APR 22300 |
ACCOUNTS |
RECEIVED 4
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Part of the Willis Scott Group

“ay Sage y, i Offices throughout theNowh East ICAEW 4 2 Partners Associates Sunderland, Bishop, Hexham and South Shields CHARTERED Authorised busingss K Scott FCA M Chastanet ACCA Registered to carry on audit work by the en = ACCOUNTANTS Reseller |__| W Lund P Evans Institute of Chartered Accountants in England and Wales

Sunday for Sammy Trust

Trustees’ Report and Unaudited Accounts

For the Year Ended

30" April 2021

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Charity Number 1144531

Sunday for Sammy Trust

Trustees’ Report and Accounts Year Ended 30" April 2021

		Contents	Page
		Trustees Annual Report	1-3
		Independent Examiner's Report to the Trustees	4
---	.~	Statement-of-Financial Activities		oe	-	Se
		(incorporating the income and expenditure account)	5
		Balance Sheet	6
		Notes to the Accounts	7-11
		DetailedIncomeandExpenditureAccount	12

Sunday for Sammy Trust

Trustees Annual Report Year Ended 30" April 2021

The trustees have pleasure in presenting their report and the unaudited accounts of the charity for the year ended 30" April 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and the Charities SORP (FRS102)

	Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details
	Registered Charity Name:		Sunday forSammy Trust
-.--..-.	Charity-Registration. Number:		- 1144531
	Date ofTrust Deed:		18 November 2011
	Principal Office:		Benton House
			Bellway Industrial Estate
			Longbenton
			Newcastle upon Tyne
			NE12 9SW
	The Trustees
	The trustees who served	during the yearwere as follows:
			MrTM Healy
			Mrs L O'Sullivan
			Mr RW Stubbs
			Mr J Cook
			Mr P Irwin
	Secretary and Co-ordinator:		MrR Laidlaw
		)
	Bankers		Unity Trust Bank plc.
			Nine Brindleyplace			-
			Birmingham			=
			B1 2HB Se	ce eke	ee cee	eeees
	Independent Examiner:	:	K Scott FCA			Se
			Bassett Herron
			Benton House
			Bellway Industrial Estate
			Longbenton
			Newcastle upon Tyne
			NE12 9SW
	Solicitors:		TaylorVinters LLP
			Merlin Place
			Milton Road
			Cambridge
			CB4 ODP
			Page1

Structure, Objects and Activities

|| Theencouragingcharity wasthemestablishedto take partbyintrustthe deedperformingto helpartsyoungto increasepeople intheirparticular,self esteembut notandexclusively,develop theirthroughskills and abilities. In furtherance of this the charity:

| a) awards grants to help finance college fees, equipment, living or transport costs while they are in the | formative stages of their career. b) supports performances, projects and events that will improve their capabilities and showcase their talents to the entertainment industry and the general public.

Trustees

There must be at least three trustees. Apart from the first trustees every trustee must be appointed by a resolution of the trustees. In selecting individuals for appointment as trustees, the trustees must have - + -~--—-regard-to-the-skills; knowledge and experience needed for the effective administration-of-the-charity-———————_ The charity is managed by the trustees.

All trustees give their time voluntarily and receive no remuneration from the charity. Trustee expenses are reimbursed.

Day to day management of the charity is delegated by the trustees to the Secretary and Co-ordinator, Mr R Laidlaw.

Public Benefit

All activities are undertaken to further our charitable purposes for the public benefit. In accordance with Section 17(5) of the 2011 Charities Act the trustees have had regard to the Charity Commission’s guidance on public benefit throughout the year when deciding on the activities of the charity.

Review of Progress and Achievements

There were no live performances of the show, Sunday for Sammy, during the year and shows scheduled for 2022 have been rescheduled to early 2023 as a result of the Coronavirus pandemic. During the year under review £35,202 was spent on grants and project support. DVD production costs of £80,000 have been carried forward as these will be recovered against future sales.

Financial Review 9ST -——~The ‘attached accounts show the financial position at 30" April 2021 which the trustees cornsidér to be ~ ' -satisfactory. Reserves decreased by £17,307to £131,483. Demme nnn

Reserves Policy

The trustees consider it appropriate to maintain unrestricted funds, which are the free reserves of the charity, at a level of one-third of annual costs, which equates to approximately £25,000 at 30 April 2021. The actual free reserves of £131,483 at 30" April 2021 are considerably higher than this level but are considered necessary to cover any timing differences arising where expenditure is incurred prior to receipt of income.

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Risk Review

Procedures have been established to identify risks and to mitigate risk exposure. Financial activities are reviewed regularly by the trustees with remedial action taken to compensate for any projected income shortfall or overspend. Internal risks are minimised by the authorisation procedures in place for all transactions.

Investment Powers

Under the trust deed the charity has the power to make any investment which the trustees see fit.

Responsibilities of the Trustees

The trustees are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts, the trustees are required to:

Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP (FRS102),
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
Prepare the accounts on the going concern basis unless it is in appropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner

Ken Scott of Bassett Herron has been re-appointed as.independent examiner.for.the-ensuing | ae

On behalf of the board of trustees

L O’Sullivan Trustee

21 February 2022

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Sunday for Sammy Trust

Independent Examiner’s Report

To the Trustees of Sunday for Sammy Trust

| report to the trustees on my examination on the accounts of the charity for the year ended 30" April 2021, which are set out on pages 5 to 11.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed.

it is my responsibility to:

~ ~~ --examine-the-accounts under section 145 of the 2011 Act; St

(ii) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and
(iti) to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention;

(a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 2011 Act; and (ii) to prepare accounts which accord with the accounting records and to comply with the .. .. accounting requirements of the 2011 Act have not been met; or_ - res
- (b) to which, in my opinion, attention should be drawn-in-order-to-enable-a-proper-understanding-of-the-——_——
, : [oye ae

K Scott FCA Bassett Herron

Chartered Accountants

Benton House Bellway Industrial Estate Longbenton Newcastle upon Tyne NE12 9SW

Dated: 21 February 2022

~~ Rage 4

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Sunday for Sammy Trust

Statement of Financial Activities (Incorporating the Income and Expenditure Account) For the Year Ended 30" April 2021

						Unrestricted
					Total	Funds/Total
	;	Note	Restricted	Unrestricted	Funds	Funds
			Funds	Funds	2021	2020
			£	£	£	£
IncomingResources
Incoming resources from generating	funds:						}
Voluntary Income		2	-	230	230	22,035
Investment Income		3	-	-	-	2
Activities forgenerating funds		4	-	30,234	30,234	514,557
Total Incoming Resources			:	30,464	30,464	536,594
Resources Expended
Fundraising costs		5	-	7,314	7,314	359,384
Charitable activities		6	-	39,347	39,347	43,292
Other expenditure		7	-	1,110	1,110	960
Total Expenditure			-	“47771	47,771	403,636
		.
Net Incoming/(Outgoing) Resources
iNet Movement in Funds			0	148,790	132,958	132,958
Fund balances at 1° May 202			0	(17,307)	(17,307)	15,832
Fundbalancesat30"April2021			0	131483		131,483	148,790

The Statement of Financial Activities includes all gains and losses.in the period and therefore a statement———— - . -.Of.comprehensive.income has. not been prepared. All. of-the-above-amounts-relate-to.continuing————-___—__~ ~activities. : TN

The notes on pages 7 to 11 form part of these accounts

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Sunday for Sammy Trust

Balance Sheet

30° April 2021

			Note	2021		2020
				£		£
	Current Assets
	Debtors Cash at bank and in hand		11 12	80,000 52,623		80,000 69,930
				132,623		149,930
	Creditors: Amounts Failing DueWithinOne Year		13	(1,140)		(1,140)
	NetCurrentAssets			734,483		148,790
—	NetAssets	oo"131,483.		131,483.		——~SC«148,790
	Funds
	Restricted income funds		14	-		-
	Unrestricted income funds		15	131,483		148,790
	TotalFunds			131,483	~148,790	148,790

The accounts were approved by the trustees on 21 February 2022 and signed on their behalf by:

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EX 2B oc Trustee NS Seta Trustee ae
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The notes on pages 7 to 11 form part of these accounts

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Sunday for Sammy Trust Notes to the Accounts Year Ended 30" April 2021

Accounting Policies 1.1 Basis of Accounting

The accounts have been prepared under the historical cost convention and in accordance with the Charities SORP (FRS 102) and the Charities Act 2011.

The accounts are prepared in sterling which is the functional currency of the charity. Monetary amounts in the accounts are to the nearest £.

At the time of approving the accounts, the trustees have a reasonable expectation that the charity 1+... +—..Mas-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 accounts

1.2 Incoming Resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Show income is accounted for on the date of the show
DVD royalties are accounted for when the monies are received
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable
Investment income is included when receivable
Grants income is included when the charity becomes unconditionally entitled to it.
1.3 Resources Expended

vee,

Expenditure is recognised on an accrual basis asa liability is incurred. Expenditure includes irrecoverable VAT which is reported as part of the expenditure to which it relates. - Fundraising costs comprise show costs and DVD costs - Charitable expenditure comprises those costs incurred by the charity in the delivery of its - activities and services for its beneficiaries. !t includes both costs that can be allocated directly to-—————.such activities and those costsof an indirect nature necessary-to-support-them. —..-—————_____—
- Grants payable are charged in the year when the grant becomes payable— ~~ -—————"--_——-—————Other expenditure includes those costs associated with meeting the constitutional and statutory --—~-—requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource.

1.4 Fund Accounting - Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity
- Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal

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Sunday for Sammy Trust

Notes to the Accounts Year Ended 30" April 2021

1.5 Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.6 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 accounts, 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.

Derecognition of Financial Assets

Financia! assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of Financial Liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic Financial Liabilities

; Basic financial liabilities including creditors are initially recognised at transaction price unless.the- ------———.- -- ~... . afrangement constitutes a financing transaction, where the debt instrument.is.measured_atthe ~~". ~~~ classifiedpresent valueas payableof the future withinreceiptsone yeardiscounted:are not amortised.at a market-rate-of- interest: - Financialtiabilities--——---__-oe a

Derecognition of Financial Liabilities

Financia! liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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Sunday for Sammy Trust

Notes to the Accounts

Year Ended 30" April 2021 (Continued)

			2021	2020
2.	Voluntary Income		£	£
	General donations		230	22,035
			2021	2020
3.	Investment Income		£	£
	Bank interest receivable		:	2
			2021	2020
__4._	Activities for generating	funds	£	£		ee
	Show ticket sales		-	513,035
	DVD royalties		30,233	1,522
			30,233	514,557
			2021	2020
5.	Fundraising costs		£	£
	Show costs		-	338,225
	DVD costs		7,314	-
	Insurance		-	3,672	;
	Travel, accommodation and subsistence		_-	17.487.
			7,314	359,384
			2021	2020
6.	Costs ofCharitable Activities By Activity Type		£	£
	Grants payable
	- Restricted Funds		-	-
	- Unrestricted Funds		35,202	33,924
	Support costs		4,145	4,925
	Audition costs	.	-	1797
			39,347	43,292
oe ~.	Charity lawprovidesanexemption tocharitable trustsfrom		from providing-the-names-of-grant			recipients.
			2021	2020
7.	Other expenditure		£	£
	Independentexaminer		1,110	960

Amounts totalling £180 (2020 £180) were paid to the independent examiner in respect of administration services

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Sunday for Sammy Trust

Notes to the Accounts

Year Ended 30" April 2021 (Continued)

		2021	2020
8.	Analysis of SupportCosts for Charitable Activities	£	£
	Website costs	1,173	892
	Bank charges	72	78
	Management fees and administration	2,400	2,580
	PR, advertising and marketing consultancy	500	4,021
		4,145	7,571

9. Trustees

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None of the trustees (nor any persons connected with them) received any remuneration in either the current or previous year.

£nil travelling expenses were reimbursed to one of the trustees during the year (2020 £317)

10. Employees

There were no employees during the year.

			2021	2020
11.	Debtors		£	£
	Prepayments		80,000	80,000
			2021	2020
12.	Cash at Bank and in Hand		£	£
	Bank current account		51,965	66,570
	Bank deposit account		385	384
	Bank grant account		273	2,976
			52,623	66,930
	a	2021		2020	i
13.	Creditors: Amounts Falling Due WithinOneYear		EF	-£	wen
	Accruals		1,140	1,140

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Sunday for Sammy Trust

Notes to the Accounts Year Ended 30" April 2021 (Continued)

14. Restricted funds

The funds of the charity include restricted funds comprising the following unexpended balances of grants held on trust for specific purposes.

	The Community Foundation —The Sammy Johnson
	Memorial Fund
		£
	Balance at 1*t May 2020		-
	Incoming resources		-
--.	.--._____Resources.expended-		-	a
	Balanceat30"April2021		-

The purpose of the fund is to pay grants to young people

15. Unrestricted Income Funds

Unrestricted Income Funds
	£
General Fund
Balance at 15' May2020	148,790
Incoming resources	30,464
Resources expended	(47,771)
Balanceat30"April2021	131,483

16. Analysis of net assets between funds

		Unrestricted	Restricted	Total
		funds	funds
		£	£	£
	Fund balances at 30" April 2021
	are represented by			;
)	Current assets	132,623	a32,623———
	Creditors: amounts falling due		renne ae nnn ern ne es ae
	within one year	(1,140)	-	(1,140)
		131,483	-	131,483

17. Related party disclosures

There are none.

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Sunday for Sammy Trust

Detailed Income and Expenditure Account Year Ended 30" Apri! 2021

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|||||||| |---|---|---|---|---|---|---| |2021|2020| |£|£|£|£| |Show|ticket|sales|-|513,035| |DVD|royalties|30,234|1,522| |Donations|230|22,035| |Interest|received|-|2| |,|30,464|536,504| |-|Restricted|funds|-|-| |-|Unrestricted|funds|35,202|33,924| |Show|costs|-|208,207| |Hire|of|Metro|Arena|-|28,680| |Performing|Rights|Society|-|8,458| |Commission|on|ticket|sales|-|92,880| |Website|costs|1,173|892| |Travel,|accommodation|and|subsistence|-|17,487| |PR,|advertising|and|marketing|consultancy|500|4,021| |DVD|expenses|7,314|-| |Insurance|-|3,672| |Bank|charges|72|78| |Independent|examination|1,110|960| |Audition|costs|-|1,797| |Management|fees|and|administration|2,400|2,580| |Legal|and|professional|fees|-|-| |47,771|,|403,636| |(Deficit)/Surplus|of Income|over Expenditure|(17,307)|132,958|

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