**REGISTERED COMPANY NUMBER: 07762229 (England and Wales) REGISTERED CHARITY NUMBER: 1145312**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 September 2020
for
Molly Olly's Wishes
MHA MacIntyre Hudson Rutland House 148 Edmund Street Birmingham West Midlands B3 2FD
Molly Olly's Wishes
Contents of the Financial Statements for the Year Ended 30 September 2020
||Page|
|---|---|
|Report of the Trustees|1 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 15|
|Detailed Statement of Financial Activities|16|
Molly Olly's Wishes
## Report of the Trustees for the Year Ended 30 September 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of 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).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 is not required.
## **MOLLY’S STORY**
Molly Olly’s Wishes was founded by Tim and Rachel Ollerenshaw following the death of their daughter, Molly to cancer at the age of 8 years. Molly was diagnosed with a Wilms’ tumour in 2006 when she was 3 years old and was treated at Birmingham Children’s Hospital over the following 5 years. She underwent all sorts of treatments and operations including chemotherapy, radiotherapy and a stem cell transplant.
During her time in hospital Molly and her family became aware of the challenges that many families face when they have a child with a serious illness and the impact that it has on the whole family and those around them. During her lifetime Molly tried to make a difference and help others. Sadly, Molly died in June 2011, her family wanted to continue her work and so Molly Olly’s Wishes was formed.
## **OBJECTIVES AND ACTIVITIES**
## **Charitable objects and public benefit**
The objects of the charity, as set out in the governing document are:
Our primary purpose is to provide emotional and financial support (where appropriate), and to enhance the lives of children suffering with terminal or life-threatening illnesses across the UK. We also seek to advise and assist the families of children in these circumstances
. We aim to achieve these objectives by focussing on fundraising activities which can be individually organised, larger events such as an Annual Ball or through corporate fundraising activities. The Trustees consider the Charity Commission guidance on public benefit when developing their activities.
Funds raised are used to support children and their families who need additional help beyond that given by the NHS and its supporting bodies. This help may be in the form of equipment, days out, toys or experiences that families otherwise would not be able to afford or that can help support emotional wellbeing through challenging circumstances. The Charity also provide a therapeutic toy, "Olly The Brave" and accompanying books and can support one off projects where appropriate, that help the children and families.
Page 1
Molly Olly's Wishes
## Report of the Trustees for the Year Ended 30 September 2020
## **ACHIEVEMENT AND PERFORMANCE**
2019/20 marked the ninth year of Molly Olly's Wishes operation during which the Charity touched the lives of over 1000 children and their families. This was an increase on 2018/19, despite the challenges of the year with the COVID-19 pandemic affecting everyone's lives. During the year:
" We granted 337 wishes to individual children. Wish requests have continued to include toys and entertainment items, but we have seen an increase in requests for support for specialised equipment, household necessities and also improvements to bedrooms and gardens, relating to the increase in enforced sheltering for these children and their families during the pandemic.
" We published books 4, 5 and 6 in our Olly The Brave series.
" Olly The Brave is now in over 70 hospitals and community nursing teams across the UK.
" With the support of local company REPL, we have continued our funding of the Paediatric Palliative Care Consultant at Birmingham Children's Hospital. The Consultant has completed the first two years in post, which continue to demonstrate the importance and value this post brings to paediatric palliative care treatment in the hospital and the community. During the first two years, over 200 referrals have been made by medical teams to the Consultant. Molly Olly's Wishes funding of the post finishes in March 2021.
" The Charity has worked closely with South Warwickshire Nursing Team throughout the year, both in terms of fulfilling individual wishes and also in developing an information source for families of seriously unwell children during the COVID-19 situation, which is hosted on the Charity's website.
" Small groups of our wish families enjoyed small social gathering before lockdown in the form of afternoon tea events kindly supported by Park Regis Hotel in Birmingham.
" We held our 9th very successful Annual Ball, with a Mad Matters theme, at Billesley Manor near Stratford-upon-Avon, with over 500 guests, raising over £65,000 through a live and silent auction, a raffle and other fundraising activities.
" Although most planned fundraising events during spring and summer 2020 had to be postponed or cancelled due to the pandemic, we were able to hold our Annual Golf Day, again at Fulford Heath Golf Club, raising over £23,000.
" The Charity has been fortunate to receive grants from a number of charitable foundations including The Rigby Foundation (£10,000), The GIL Foundation (£3,000), The We are Making a Difference Foundation (£2,500), The Ratcliffe Foundation (£1,000), the Richard Cadbury Foundation (£500).
" We have also benefitted from fundraising from families we have helped, local schools and other groups who have run a variety of events and activities within the COVID-19 restrictions, which have generated valuable funds for the Charity. We have also gratefully received some legacies and donations in memoriam.
. " This year has also seen a significant milestone in the Charity's development, as in June 2020 we have taken on the lease of a dedicated office in Warwick. This has already proved a wise investment as the COVID-19 restrictions would have severely limited the Charity's ability to operate had we still been based in our founder's home. The Charity's work has been able to continue effectively through a mix of working from home and socially distanced working in the new office.
" Demand for our services continues to grow. Our staffing level remains unchanged with one full-time and one part-time members of staff. We receive no government funding and are therefore reliant on the support of our donors, and on our volunteers to continue to meet demand.
## **FINANCIAL REVIEW**
## **Financial Review**
The trustees believe that maintaining the level of income for the year taking into account the difficult circumstances since March 2020 caused by the pandemic is very positive. However, they are mindful that the due to the ongoing situation caused by COVID 19 they will be monitoring the levels of income and expenditure more closely as they anticipate a fall in income for the forthcoming year due to cancelled events in particular the Annual Ball that was due to be held in November 2020 will not be able to go ahead.
Costs have increased this year with the Charity moving to new premises, but staff levels have remained the same. The Charity is very fortunate to have 10 key volunteers who make a significant contribution to the day to day running of the Charity and help to keep costs to a minimum.
Page 2
Molly Olly's Wishes
## Report of the Trustees for the Year Ended 30 September 2020
## **FINANCIAL REVIEW**
## **Reserves Policy**
During the 2017 period the trustees decided to ensure that reserves of £200,000 would be treated as designated such that the Charity would be able to fulfil any Charitable grants expected to be received more than twelve months after the end of the period.
The trustees reconsider this policy during each financial year and in view of the provision included in the 2018 accounts for a grant payable over a three-year period which has had a significant effect on the charity's reserves decided during that period to reduce the designated reserve to an amount of £ Nil.
For 2020/21, the Trustees have decided that the Charity's reserve level should be £100,000, which is approximately equivalent to 4 months of operational and wish-granting costs. This reserve level will be monitored quarterly in light of the changing situation that we face as a charity. As at 30 September 2020 the Charity's reserves amounted to £194,828. Excess reserves will continue to be used to support children and their families.
## **FUTURE PLANS**
The Charity has been working hard to continue its fundraising following the financial year end, despite the COVID-19 pandemic and associated restrictions. New activities/events have been introduced which have the potential for longer-term adoption, for example our Annual Ball, due to be held in November 2020, was postponed and replaced with an online charity auction. The Trustees remain committed to running our fundraising programme in order to help as many children with life threatening or life limiting illnesses as possible, bearing in mind that 12 children in the UK a day are diagnosed with cancer and more with other, rare and serious conditions. The Trustees are satisfied that the Charity has sufficient funds to meet its commitments, including completing the agreed three-year funding of the Paediatric Palliative Care Consultant at Birmingham Children's Hospital, which ends in March 2021.
The Charity's specific objectives for 2020/21 are:
" To continue to fulfil the wish requests of children with life threatening or terminal illnesses, and to do this with flexibility, compassion and professionalism. Where wish requests are urgent because of the condition of the child, we will continue to provide a rapid response, endeavouring wherever possible to meet the request.
" To continue to donate Olly The Brave and his books to hospitals and community nursing teams, and to seriously unwell children as required, and to expand our contacts with health professionals so that as many children as possible can benefit from our therapeutic aids.
" To complete our funding commitment for the Paediatric Palliative Care Consultant at Birmingham Children's Hospital and to contribute where possible to the continuation of this post going forward. We will also seek to explore other opportunities where the Charity can support the continued expansion of Paediatric Palliative Care provision in the UK.
" To explore with health professionals other ways in which the Charity can fulfil its mission to support children with life threatening and terminal illnesses, whether this be by development of other therapeutic aids or by providing financial support for specific projects.
" To continue to grow our income from corporate supporters and individuals.
" To develop our branded product sales offering as part of our fundraising programme, with carefully selected products being sold at charitable events and online through our website.
" To continue to influence other organisations and individuals to fundraise on our behalf.
" To expand awareness of the Charity within our local community from our office base in Warwick.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is constituted under its Memorandum and Articles of Association dated 5 September 2011 and is a registered charity and company limited by guarantee registered in England and Wales.
Its charitable objects are set out under Objectives and Activities.
Page 3
Molly Olly's Wishes
## Report of the Trustees for the Year Ended 30 September 2020
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Method of appointment or election of Trustees**
The trustees are appointed in accordance with the articles of association by ordinary resolution of the members or by the directors. A director appointed by a resolution of the directors must retire at the next annual general meeting but may stand for re-appointment.
A minimum of three trustees is required and one third of the directors retire by rotation at each annual general meeting but may stand for re-appointment.
The trustees serving during the period are shown below.
All the trustees serve in a voluntary capacity and do not receive remuneration except as disclosed in Note 6.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07762229 (England and Wales)
## **Registered Charity number**
1145312
## **Registered office**
1 Blackwell Lane Hatton Park Warwick Warwickshire CV35 7SU
## **Trustees**
Mrs R S Ollerenshaw Mr K M Walsh (resigned 30.9.20) Ms P Copps (resigned 30.9.20) Mr J S R Bew Mr G Hayre Mr M J Callender Mr T J K Lee (appointed 17.9.20)
## **Company Secretary**
Mr K M Walsh
## **Independent Examiner**
MHA MacIntyre Hudson Rutland House 148 Edmund Street Birmingham West Midlands B3 2FD
Approved by order of the board of trustees on 9 June 2021 and signed on its behalf by:
.......................................................................... Mrs R S Ollerenshaw - Trustee
Page 4
Independent Examiner's Report to the Trustees of Molly Olly's Wishes
## **Independent examiner's report to the trustees of Molly Olly's Wishes ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants of England & Wales which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts 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
4. the accounts 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 accounts to be reached.
Helen Blundell LLB FCA FCIE DChA Institute of Chartered Accountants of England & Wales MHA MacIntyre Hudson Rutland House 148 Edmund Street Birmingham West Midlands B3 2FD
Date: ............................................. 23 June 2021
Page 5
Molly Olly's Wishes
## Statement of Financial Activities
## for the Year Ended 30 September 2020
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
4
Donations and legacies
311,875
Butterfly Balls
137,810
Investment income
3
410
Other income
4,196
**Total**
454,291
**EXPENDITURE ON**
Raising funds
5
176,447
**Charitable activities**
6
Donations
154,163
**Total**
330,610
**NET INCOME**
123,681
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
71,147
**TOTAL FUNDS CARRIED FORWARD**
194,828|Restricted
funds
£
5,000
-
-
-
5,000
-
5,000
5,000
-
-
-|30.9.20
Total
funds
£
316,875
137,810
410
4,196
459,291
176,447
159,163
335,610
123,681
71,147
194,828|30.9.19
Total
funds
£
267,087
148,228
748
-
416,063
186,494
183,197
369,691
46,372
24,775
71,147|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## Molly Olly's Wishes
## Balance Sheet 30 September 2020
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
12
18,617
**CURRENT ASSETS**
Stocks
13
59,532
Debtors
14
1,324
Prepayments and accrued income
300
Cash at bank
190,913
252,069
**CREDITORS**
Amounts falling due within one year
15
(75,858)
**NET CURRENT ASSETS**
176,211
**TOTAL ASSETS LESS CURRENT LIABILITIES**
194,828
**CREDITORS**
Amounts falling due after more than one year
16
-
**NET ASSETS**
194,828
**FUNDS**
18
Unrestricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-|30.9.20
Total
funds
£
18,617
59,532
1,324
300
190,913
252,069
(75,858)
176,211
194,828
-
194,828
194,828
194,828|30.9.19
Total
funds
£
5,351
53,726
11,449
-
262,569
327,744
(190,448)
137,296
142,647
(71,500)
71,147
71,147
71,147|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 9 June 2021 and were signed on its behalf by:
.............................................
R S Ollerenshaw - Trustee
The notes form part of these financial statements
Page 7
Molly Olly's Wishes
Notes to the Financial Statements for the Year Ended 30 September 2020
## **1. GENERAL INFORMATION**
Molly Olly's Wishes is a charitable company limited by guarantee, registered in England and Wales, and operates from its registered office as shown on page 3. Its principal activities are ti support children and their families where the children are suffering from terminal and life-threatening illnesses.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Molly Olly's Wishes meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **Company status**
The company is a company limited by guarantee. The members of the company are the Trustees named on page 3. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost Fixtures and fittings - 25% on cost
## **Stocks**
Stock represents items purchased and held for distribution as "wishes" and/or re-sale. Stock is shown at the lower of cost and net realisable value (which in the case of "wishes" is the estimate of re-sale value).
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 8
continued...
Molly Olly's Wishes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
## **2. ACCOUNTING POLICIES - continued**
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **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.
## **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 company 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.
## **Financial instruments**
The company 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.
## **3. INVESTMENT INCOME**
|Interest received
**INCOME FROM CHARITABLE ACTIVITIES**
Charitable donations and legacies comprises:
Donations
Legacies|30.9.20
£
410
30.9.20
£
222,625
5,000
227,625|30.9.19
£
748
30.9.19
£
184,857
-
184,857|
|---|---|---|
## **4. INCOME FROM CHARITABLE ACTIVITIES**
Other income amounting to £4,196 (2019: £ Nil) represents government grants under the Coronavirus Job Retention Scheme. There were no unfulfilled conditions related to government grants.
Page 9
continued...
Molly Olly's Wishes
## Notes to the Financial Statements - continued
## for the Year Ended 30 September 2020
## **5. RAISING FUNDS**
## **Raising donations and legacies**
## **6.**
|Trustees' remuneration etc
Butterfly Balls
Promotional costs
Depreciation
Support costs
**GRANTS**
Grants to individuals ("wishes")||30.9.20
£
39,178
86,591
44,317
3,515
2,846
176,447
30.09.20
£
159,163
159,163||30.9.19
£
36,056
93,994
50,229
3,381
2,834
186,494
30.09.19
£
183,197
183,197|
|---|---|---|---|---|
||||||
Included in the 2018 accounts was a Grant of £429,000 payable to the Birmingham Women and Children's NHS Foundation Trust over a period of three years. This was to be funded from future income streams and has, since the period-end date now been fully paid.
## **7. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Depreciation - owned assets
**8.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' social security
Trustees' pensions paid
**9.**
**STAFF COSTS**
Salaries and wages
Social security costs
Pension costs|30.9.20
£
3,515
30.9.20
£
35,650
2,644
884
39,178
30.9.20
£
57,997
2,644
1,407
62,048|30.9.19
£
3,381
30.9.19
£
32,500
2,423
1,133
36,056
30.9.19
£
54,547
2,423
1,133
61,103|
|---|---|---|
||||
Key management personnel are the company's trustees.
The total employment benefits including employer pension contributions of the key management personnel were £36,534 (2019: £36,056).
Page 10
continued...
Molly Olly's Wishes
## Notes to the Financial Statements - continued for the Year Ended 30 September 2020
## **9. STAFF COSTS - continued**
Trustees' remuneration was paid to Mrs R.S.Ollerenshaw in respect of her services as an employee of the Charity and as authorised by the Articles of Association. No other Trustees or key management personnel received any remuneration.
## **Trustees' expenses**
During the year no trustees received any reimbursement of expenses (2019: £ Nil).
The average monthly number of employees during the year was as follows:
||30.9.20|30.9.19|
|---|---|---|
|Trustee|1|1|
|Employee|1|1|
||2|2|
No employees received emoluments in excess of £60,000.
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Donations
259,587
Butterfly Balls
148,228
Investment income
748
**Total**
408,563
**EXPENDITURE ON**
Raising funds
186,494
**Charitable activities**
Donations
175,697
**Total**
362,191
**NET INCOME**
46,372
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
24,775
**TOTAL FUNDS CARRIED FORWARD**
71,147|Restricted
funds
£
7,500
-
-
7,500
-
7,500
7,500
-
-
-|Total
funds
£
267,087
148,228
748
416,063
186,494
183,197
369,691
46,372
24,775
71,147|
|---|---|---|
Page 11
continued...
Molly Olly's Wishes
## Notes to the Financial Statements - continued
## for the Year Ended 30 September 2020
## **11. INDEPENDENT EXAMINER'S FEES**
The independent examiner's fee amounts to a fee for the examination of £2,846 (2019: £2,834). These are included in accountancy and legal fees.
## **12. TANGIBLE FIXED ASSETS**
|**12.**|**TANGIBLE FIXED ASSETS**|||||
|---|---|---|---|---|---|
|||||Fixtures||
|||Short||and||
|||leasehold||fittings|Totals|
|||£||£|£|
||**COST**|||||
||At 1 October 2019||-|14,679|14,679|
||Additions|7,224||9,557|16,781|
||Disposals||-|(1,281)|(1,281)|
||At 30 September 2020|7,224||22,955|30,179|
||**DEPRECIATION**|||||
||At 1 October 2019||-|9,328|9,328|
||Charge for year||-|3,515|3,515|
||Eliminated on disposal||-|(1,281)|(1,281)|
||At 30 September 2020||-|11,562|11,562|
||**NET BOOK VALUE**|||||
||At 30 September 2020|7,224||11,393|18,617|
||At 30 September 2019||-|5,351|5,351|
|**13.**|**STOCKS**|||||
|||||30.9.20|30.9.19|
|||||£|£|
||Finished goods|||59,532|53,726|
|**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||30.9.20|30.9.19|
|||||£|£|
||Other debtors|||1,000|-|
||Deferred expenditure|||-|11,125|
||Tax|||324|324|
|||||1,324|11,449|
Deferred expenditure comprises expenditure incurred in respect of the Fundraising Balls held in November 2019. Deferred expenditure of £11,125 was brought forward, £11,125 was then released in the year, £ Nil was added in the year and an amount of £ Nil was carried forward at the year-end.
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continued...
Molly Olly's Wishes
## Notes to the Financial Statements - continued
## for the Year Ended 30 September 2020
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Pensions control
Other creditors
Deferred Income
Accrued expenses|30.9.20
£
2,049
309
71,500
-
2,000
75,858|30.9.19
£
621
264
143,000
44,563
2,000|
|---|---|---|
|||190,448|
Deferred income comprises income received in respect of the Fundraising Balls held in November 2019. Deferred income of £44,563 was brought forward, £44,563 was then released in the year, £NIl was added in the year and an amount of £Nil was carried forward at the year-end.
Other Creditors comprises monies payable to Birmingham Women and Children's NHS Foundation Trust after the year-end in respect of a grant agreed before the year-end.
## **16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
||30.9.20||30.9.19|
|---|---|---|---|
||£||£|
|Other creditors||-|71,500|
Other Creditors comprises monies payable to Birmingham Women and Children's NHS Foundation Trust after the year-end in respect of a grant agreed before the year-end.
## **17. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
||30.9.20|30.9.19||
|---|---|---|---|
||£|£||
|Within one year|5,400||-|
|Between one and five years|28,800||-|
|In more than five years|34,200||-|
||68,400||-|
## **18. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
1.10.19
£
71,147
71,147|Net
movement
in funds
£
123,681
123,681|At
30.9.20
£
194,828|
||||194,828|
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continued...
Molly Olly's Wishes
## Notes to the Financial Statements - continued
## for the Year Ended 30 September 2020
## **18. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
454,291
**Restricted funds**
Warwick Provident Dispensary
5,000
**TOTAL FUNDS**
459,291
**Comparatives for movement in funds**
At
1.10.18
£
**Unrestricted funds**
General fund
24,775
**TOTAL FUNDS**
24,775
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
408,563
**Restricted funds**
Warwick Provident Dispensary
7,500
**TOTAL FUNDS**
416,063|Resources
Movement
expended
in funds
£
£
(330,610)
123,681
(5,000)
-
(335,610)
123,681
Net
movement
At
in funds
30.9.19
£
£
46,372
71,147
46,372
71,147
Resources
Movement
expended
in funds
£
£
(362,191)
46,372
(7,500)
-
(369,691)
46,372|
|---|---|
The restricted fund is a fund relating to grants received from the Warwick Provident Dispensary Charity to be used solely for grants made to individuals living within Warwickshire.
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continued...
Molly Olly's Wishes
for the Year Ended 30 September 2020
## Notes to the Financial Statements - continued
## **19. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2020 other than as disclosed in Note 7.
Page 15
## Molly Olly's Wishes
## Detailed Statement of Financial Activities
|**INCOME AND ENDOWMENTS**
**Investment income**
Interest received
**Charitable activities**
Charitable donations and Legacies
Butterfly Balls
Grants
**Other income**
Government Grant received
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Trustees' salaries
Trustees' social security
Trustees' pensions paid
Butterfly Balls
Promotional costs
Fixtures and fittings
**Charitable activities**
Grants to individuals
**Support costs**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|for the Year Ended 30 September 2020
30.9.20
30.9.19
£
£
410
748
227,625
184,587
137,810
159,228
89,250
71,500
454,685
415,315
4,196
-
459,291
416,063
35,650
32,500
2,644
2,423
884
1,133
86,591
93,994
44,317
50,229
3,515
3,381
173,601
183,660
159,163
183,197
2,846
2,834
335,610
369,691
123,681
46,372|for the Year Ended 30 September 2020
30.9.20
30.9.19
£
£
410
748
227,625
184,587
137,810
159,228
89,250
71,500
454,685
415,315
4,196
-
459,291
416,063
35,650
32,500
2,644
2,423
884
1,133
86,591
93,994
44,317
50,229
3,515
3,381
173,601
183,660
159,163
183,197
2,846
2,834
335,610
369,691
123,681
46,372|
|---|---|---|
|||415,315
-|
|||416,063
32,500
2,423
1,133
93,994
50,229
3,381|
|||183,660
183,197
2,834|
|||369,691|
|||46,372|
This page does not form part of the statutory financial statements
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