Chaiity registration number 1149791 (England and Wales) THE KEITH COOMBS TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 12 SEPTEMBER 2024
THE KEITH COOMBS TRUST LEGALAND ADMINISTRATIVE INFORMATION Thistees A Coombs G Coombs D Markou C Redford C Ingram M K Bhogal A Coombs (Appointed 16 November 2023) (Appointed 16 November 2023) (Appointed 26 September 2024} V Bakewell R Coombs Charity number (England and Wales) 1149791 Principal address S&UPLC 2 Stratford Court Cranmore Boulevard Solihull West Midlands B90 4QT Independent examiner Thomas & Young Limiied Carleton House 2268 Stratford Road Shirley Solihull B90 3AD
THE KEITH COOMBS TRUST CONTENTS Page Truslees report Independent examinels report Statement of financial activities Balance sheet Notes to the financial statemenls
THE KEITH COOMBS TRUST TRUSTEES REPORT FOR THE YEAR ENDED 12 SEPTEMBER 2024 The trustees present their annual report and financial statements for the year ended 12 September 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and compty with the Irust's goveming document. the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objecthies and acthiltles The trust's objects are the funding and other support for exclusively charitable causes particularly related to children and young people. disabled persons, education and the arts. The charity operates predominantly in the West Midlands. The objects of the charity are met largely by making donations to other charities in order to make a difference to their operations. Public benefft The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. During the year. the charity had income of £95,000. £98,630 was paid out in donations to charitie5. leaving a deficit for the year of £3,716. This was deducted from the surpluses from previous years of £4.821 to leave a total surplus of £1.105 in reserves to carry foNard. Achievements and performance Significant activities and achievements against objectives During the year. a total of 21 charities were supported with grants totslling £98,630. This represents most of the expenditure in Ihe charity, meaning that 990A of the expenditure is directty for charitable purposes. Financial review The financial position of the charity is satisfactory. Reserves policy It is the policy of the trust that unrestricted funds whith have not been designated for a specific use should be maintained at a level suth that, in the event of a significant drop in funding. they will be able to continue the ttusrs current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. structure, govemance and management The charity is controlled by its goverriing document, a deed of trust and constitutes an unincorporated charity. The trustees who served during the year and up to the date of signature of the finanual ststements were: A Coombs G Coombs D Markou C Redford C Ingram M K Bhogal A Coombs V Bakewell R Coombs (Appointed 16 November 2023) (Appointed 16 November 2023) (Appointed 26 September 2024) Recruitment and appointment of Irustees New trustees are COwOPted by the existing trustees.
THE KEITH COOMBS TRUST TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 12 SEPTEMBER 2024 The trustee report was approved by the Board of Trustees. A Coombs Trustee Date. 22.04.2025
THE KEITH COOMBS TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KEITH COOMBS TRUST I report to the trustees on my examination of the financial statements of The Kéith Coombs Trust (the trust) for the year ended 12 September 2024. Re$ponslbllitles and basis of report As the trustees of the trust you are responsible for the preparation of the financial statements in accordan with the requirements of the Charities Act 2011. I report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under seGlion 145{5){b) of the Charities Act 2011. Independent examinevs statement Your attention is drawn to the fact that the charty has prepared the ffinancial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preferen to the Accounting and Reporting by Chatities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand Ihat this has been done in order for the financial statements to provide a true and fair view in accordan with UK Generally Accepted Accounting Practice. 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 Itust as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records. or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial ststements to be reached. Thomas & Young Llm Carleton House 266-268 Stratford Road Shirley Solihull B90 3AD
THE KEITH COOMBS TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 12 SEPTEMBER 2024 Unrestrictsd Unrestricted funds funds 2024 2023 Notss Income from: Donations and legacies 95,000 100.000 Tolal income 95,000 100,000 Expenditure on: Charitable actiwties 98.716 97,692 Total expenditure 98,716 97,692 Net incomel(expenditure) and movement in funds (3,716) 2,308 Reconciliation of funds: Fund balances at 13 September 2023 4.821 2,513 Fund balances at 12 September 2024 1,105 4.821 The Statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
THE KEITH COOMBS TRUST BALANCE SHEET AS AT 12 SEPTEMBER 2024 2024 2023 Notes Current assets Cash at bank and in hand 1,245 37,292 Creditors: amounts falling due within one year (140) (32,471) Net current assets 1,105 4.821 The funds of the trust Unrestricted funds 1.105 4,821 1,105 4.821 22.04.2025 The financial statements were approved by the tnjstees on ..................... A Coombs Trustee
THE KEITH COOMBS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 12 SEPTEMBER 2024 A¢¢ounllng pollcles Chaiity infomiation The Keith Coombs Trust is an unincorporated trust governed by rts trust deed. 1.1 Accounting convention The financial statements have been prepared in accordan with the trust's goveming document. the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (°FRS 102.) and the Charities SORP "AOUntIng and Reporting by Charities: Statemenl of Recommended Practi applicable to charities preparing their accounls in accordance wilh the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The trust is a Publi¢ Benefit Entity as defined by FRS 102. The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling. which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention.The principal accounting poliries adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees ontinue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objeclives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrided funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust. 1A Income Income is recognised when the trust is legally entilled to it after any perfomiance conditions have been met, the amounts Can be measured reliably. and it 15 probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless perforrnan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the time of the donation.
THE KEITH COOMBS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 12 SEPTEMBER 2024 Accounting policies (Continued) 1.S Expenditure Expenditure is recognised once there is a legal or Constructive obligation to Iransfer economic benefft 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 actiwty. The costs of each activity are made up of the totsl of dired costs and shared costs. including support costs involved in undertaking each activity. Direct costs attribulable to a single activity are allocaled directly to that activty. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis Consistent with the use of resources. Central slaff costs are alloc2ted on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 1.6 Taxation The charity is exempt from tax on its charitable activities. Income from donations and legacies UnrestriGted funds 2024 Unrestrictsd funds 2023 Donations and gifts 95,000 100,000 Charitable activities Donations and grants 2024 Support costs 2024 Total Donations 2024 and grants 2023 Support costs 2023 Total 2023 Grant fijnding of activities (see note 4) Share of support costs 98,630 98,630 86 97,722 97,722 (30> 86 (30) 98.630 86 98,716 97,722 (30) 97,692
THE KEITH COOMBS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 12 SEPTEMBER 2024 Grants payable Grant Payable £Payee 140 Acorns 450 Cracker Jacks 500 SHINE 1,¢JOO Thames Valley Adventure Playground 1,300 DS - Trip to Gambia 2,000 Brainwave 2,000 British Disabled Angling Association 2,000 MACS 2.OCH) Spinal MuscularAtrophy UK 2,000 Spread a Smile 3,000 Sightsavers 3,500 Muscular Dystrophy Support 5,000 Glassdoor 6,000 Acoms 6,(100 Alkonides 7.500 Premier Christian Radio 7,500 REACT 9,900 HCAG 10,830 Marie Curie 11.010 NICE 15.000 Emily Jordan Foundation 98.630 Total All of the donations are to institutions. A description of the activity undertaken by the recipients can be found on their respective websites. Trustees None of the trustees (or any persons connected with them) received any remuneration or beneffts from the trust duting the year. There were no trustees expenses paid for the year ended 12th September 2024 or for the year ended 12th September 2023. Employees 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempl from taxation on its activities because all its income is applied for charitsble purposes.
THE KEITH COOMBS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 12 SEPTEMBER 2024 Creditors: amounts falling due within one year 2024 2023 Other creditors 140 32,471 Unrestricted funds The unrestrided funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designaled funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At13 September 2023 Incoming resources Resources At12 expended September 2024 General funds 4,821 95.000 (98.716) 1,105 Previous year: At13 September 2022 Incoming Resources resources expended At12 September 2023 General funds 2.513 100.000 (97.692} 4,821 10 Related party transactions There were no disclosable related party transactions during the year (2023 - none).