Draft Financial Statements at 31 January 2023 at 13:54:11
Charity Registration No. 1150538
THE DORSET CHILDREN'S FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
10 Bridge Street Christchurch Dorset BH23 1EF
Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
CONTENTS
| Page | |
|---|---|
| Company informaton | 1 |
| Trustees' report | |
| Independent examiner's report | 3 - 4 |
| Statement of fnancial actvites | 5 |
| Balance sheet | 6 |
| Notes to the fnancial statements | 7 - 16 |
Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr. A Deutsch Mr. J Pantlington-Skeet Ms. Amy Collins Mr. D McEvoy Charity number 1150538 Principal address 695-697 Christchurch Road Bournemouth Dorset BH7 6DL Independent examiner TC Group 10 Bridge Street Christchurch Dorset BH23 1EF
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
The trustees are responsible for preparing the Trustees' Report and the financial statements 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 financial statements 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 financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE DORSET CHILDREN'S FOUNDATION
I report to the trustees on my examination of the financial statements of The Dorset Children's Foundation (the charity) for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by 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 now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with 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:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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 financial statements to be reached.
TC Group
10 Bridge Street Christchurch Dorset BH23 1EF
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE DORSET CHILDREN'S FOUNDATION
Dated: .........................
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Restricted funds funds 2022 2022 Notes £ £ Income from: Donatons and legacies 2 104,712 94,392 Other trading actvites 3 163,582 - Investments 4 349 - Total income 268,643 94,392 Expenditure on: Raising funds 5 156,684 - Charitable actvites 139,564 83,722 Total resources expended 296,248 83,722 Net (outgoing)/incoming resources before transfers (27,605) 10,670 Gross transfers between funds 29,894 (29,894) Net income/(expenditure) for the year/ Net movement in funds 2,289 (19,224) Fund balances at 1 April 2021 95,425 70,033 Fund balances at 31 March 2022 97,714 50,809 |
Total 2022 £ 199,104 163,582 349 363,035 156,684 223,286 379,970 (16,935) - (16,935) 165,458 148,523 |
Total 2021 £ 356,158 47,656 12 |
|---|---|---|
| 403,826 | ||
| 134,848 | ||
| 186,758 | ||
| 321,606 | ||
| 82,220 - |
||
| 82,220 83,238 |
||
| 165,458 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2022
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilites Creditors: amounts falling due afer more than one year 13 Net assets Income funds Restricted funds 15 Unrestricted funds Designated funds 16 General unrestricted funds |
2022 £ 4,459 126,597 131,056 (11,967) - 97,714 |
£ 63,456 119,089 182,545 (34,022) 148,523 50,809 97,714 148,523 |
2021 £ 8,832 197,313 206,145 (12,243) - 95,425 |
£ 15,245 193,902 209,147 (43,689) 165,458 70,033 95,425 165,458 |
|---|---|---|---|---|
31st Jan 2023
The financial statements were approved by the Trustees on .........................
.............................. Mr. A Deutsch Trustee
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
Charity information
The Dorset Children's Foundation is a charitable organisation incorporated in England and Wales. The registered office is 695-697 Christchurch Road, Bournemouth, Dorset, BH7 6AF.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies 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 charity has 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 financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
(Continued)
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Resources expended
Liabilities are recognised as expenditure as soon as there is a legal obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals bassis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial liabilities.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 25% straight line Specialised children's equipment 25% straight line Computers 33.33% straight line Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.10 Donated goods
Stock of donated goods is not provided for as at the year end. This is in line with previous years and impracticable to estimate upon receipt of the donated goods.
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 1 Accounting policies
(Continued)
1.11 Significant judgements and estimates
The charity's management do not apply any significant judgements, apart from those involving estimates, in applying the accounting policies.
The only estimates made in applying accounting policies are in assessing the useful life of fixed assets. These do not result in a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
2 Donations and grants
| Unrestricted Restricted funds funds 2022 2022 £ £ Donatons and gifs 70,673 94,392 Government grants receivable 34,039 - 104,712 94,392 For the year ended 31 March 2021 296,206 59,952 |
Total 2022 £ 165,065 34,039 199,104 |
Total 2021 £ 192,530 163,628 |
|---|---|---|
| 356,158 | ||
| 356,158 |
- 3 Other trading activities
| Unrestricted | Total | |
|---|---|---|
| funds | ||
| 2022 | 2021 | |
| £ | £ | |
| Shop income | 163,582 | 47,656 |
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
| 4 5 6 |
Investments Unrestricted funds 2022 £ Interest receivable 349 Raising funds, trading costs and support costs Unrestricted funds 2022 £ Fundraising and publicity Depreciaton 2,974 Motor vehicle depreciaton 2,648 Other fundraising costs 4,959 Fundraising and publicity 10,581 Stafand support costs Staf costs 146,103 Raising funds, trading and support costs 156,684 Charitable actvites 2022 £ Charitable actvites 244,094 Support costs 28,426 223,286 |
Total 2021 £ 12 |
|---|---|---|
| Total 2021 £ 2,996 3,413 8,496 |
||
| 14,905 | ||
| 119,943 | ||
| 134,848 | ||
| 2021 £ 223,005 17,932 |
||
| 186,758 |
Included in the above is the Independent Examiners remuneration of £2,000.
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
7 Trustees
None of the trustee's received any remuneration or benefits from the charity during the year.
8 Employees
Number of employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries |
2022 Number 12 2022 £ 146,103 |
2021 Number 12 |
|---|---|---|
| 2021 £ 119,943 |
No employees received emoluments in excess of £18,000.
Total key management personnel remuneration totalled £52,533 (2021 - £34,659) during the year.
9 Tangible fixed assets
| Cost At 1 April 2021 Additons At 31 March 2022 Depreciaton and impairment At 1 April 2021 Depreciaton charged in the year At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021 |
Plant and equipment £ 9,348 - 9,348 6,241 1,936 8,177 1,171 3,105 |
Specialised children's equipment £ - 52,740 52,740 - 3,820 3,820 48,920 - |
Computers Motor vehicles £ £ 5,174 17,244 660 4,250 5,834 21,494 3,272 7,005 1,038 2,648 4,310 9,653 1,524 11,841 1,902 10,238 |
Total £ 31,766 57,650 |
|---|---|---|---|---|
| 89,416 | ||||
| 16,518 9,442 |
||||
| 25,960 | ||||
| 63,456 | ||||
| 15,245 |
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
| 10 Debtors Amounts falling due within one year: Other debtors 11 Loans and overdrafs Bank loans Payable within one year Payable afer one year 12 Creditors: amounts falling due within one year Notes Bank loans 11 Trade creditors Other creditors Accruals and deferred income 13 Creditors: amounts falling due afer more than one year Notes Bank loans 11 14 Retrement beneft schemes |
2022 £ 4,459 2022 £ 43,337 9,315 34,022 2022 £ 9,315 - 597 2,055 11,967 2022 £ 34,022 |
2021 £ 8,832 |
|---|---|---|
| 2021 £ 50,001 |
||
| 6,312 43,689 |
||
| 2021 £ 6,312 2,625 1,251 2,055 |
||
| 12,243 | ||
| 2021 £ 43,689 |
||
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
15 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 1 April 2021 £ Accessible for All - Specifc children donatons 29,861 DCF FC Football 172 Music Therapy 25,000 Hoists 15,000 Equipment - Christchurch Children - Adapted surf board - Pod for community centre - Sat Club - Yoga Therapy - - 70,033 |
Movement in funds Incoming resources Resources expended Transfers Balance at 31 March 2022 £ £ £ £ 11,306 (17,244) 5,938 - 11,804 (31,888) 12,603 22,379 3,142 (299) - 3,015 - (847) - 24,153 11,300 - (26,300) - 47,200 (24,242) (22,958) - 1,800 (1,038) - 762 1,745 (2,170) 425 - 1,040 (1,040) - - 5,000 (4,500) - 500 55 (454) 399 - - 94,392 (83,722) (29,894) 50,809 |
Movement in funds Incoming resources Resources expended Transfers Balance at 31 March 2022 £ £ £ £ 11,306 (17,244) 5,938 - 11,804 (31,888) 12,603 22,379 3,142 (299) - 3,015 - (847) - 24,153 11,300 - (26,300) - 47,200 (24,242) (22,958) - 1,800 (1,038) - 762 1,745 (2,170) 425 - 1,040 (1,040) - - 5,000 (4,500) - 500 55 (454) 399 - - 94,392 (83,722) (29,894) 50,809 |
|---|---|---|
| 50,809 |
Each restricted fund related to amounts raised through appeals and fundraising to provide assistance equipment and care for the individual child on the fund. Names have not been used as requested by the parents of the children and for the purpose of financial reporting the specific child funds have been grouped however are maintained separately by the charity.
The charity received a donation for hoists during the current and previous financial year. The need for wheelchairs and other equipment was higher than that for hoists, the charity has transferred the hoist balance into that of equipment in order to support this need. DCF has tried however been unsuccessful with contacting the initial donor to confirm this transfer. DCF understand that if required the balance will be transferred back to hoists from their unrestricted funds however feel that the purchase of equipment is closely related to the original purpose and falls under cy-pres.
The charity has capitalised equipment totalling £52,740 in relation to restricted funds which has been transferred from unrestricted to restricted as the purchase of this equipment fulfils the restricted.
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
16 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
| Balance at 1 April 2021 £ Bounce back loan interest and grant 1,666 1,666 |
Resources expended Balance at 31 March 2022 £ £ (1,666) - (1,666) - |
Resources expended Balance at 31 March 2022 £ £ (1,666) - (1,666) - |
|---|---|---|
| - |
17 Analysis of net assets between funds
| Unrestricted Restricted 2022 2022 £ £ Fund balances at 31 March 2022 are represented by: Tangible assets 63,456 - Current assets/(liabilites) 68,280 50,809 Long term liabilites (34,022) - 97,714 50,809 |
Total 2022 £ 63,456 119,089 (34,022) 148,523 |
Total 2021 £ 15,245 193,902 (43,689) |
|---|---|---|
| 165,458 |
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Donatons and legacies | 104,712 | 94,392 | 199,104 | 192,530 |
| Shop income | 163,582 | - | 163,582 | 47,656 |
| Investment | 349 | - | 349 | - |
| Total income | 268,643 | 94,392 | 363,035 | 240,198 |
| Resources expended | ||||
| Raising funds | ||||
| Fundraising costs | 4,959 | - | 4,959 | 8,496 |
| Trading support costs | - | - | - | - |
| Staf wages | 146,103 | - | 146,103 | 119,943 |
| Plant and machinery depreciaton | 1,936 | - | 1,936 | 2,013 |
| Computer equipment depreciaton | 1,038 | - | 1,038 | 983 |
| Motor vehicles depreciaton | 2,648 | - | 2,648 | 3,413 |
| 156,684 | - | 156,684 | 134,848 | |
| Charitable actvites | ||||
| Rates and water | 2,288 | - | 2,288 | 1,511 |
| Light and heat | 4,273 | - | 4,273 | 4,924 |
| Telephone | 2,265 | - | 2,265 | 2,331 |
| Postage and statonery | 2,615 | - | 2,615 | 331 |
| Advertsing and marketng | 1,710 | - | 1,710 | 1,193 |
| Sundries | 1,599 | - | 1,599 | 404 |
| Subscriptons | 325 | - | 325 | 590 |
| Travel | 967 | - | 967 | 138 |
| Motor expenses | 5,123 | - | 5,123 | 15,174 |
| Entertainment | 2,840 | - | 2,840 | 284 |
| IT sofware and consumables | 2,243 | - | 2,243 | 2,641 |
| Rent | 28,341 | - | 28,341 | 14,897 |
| Direct expenses for children | 41,621 | 83,722 | 125,343 | 117,808 |
| 96,210 | 83,722 | 179,932 | 162,226 |
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Draft Financial Statements at 31 January 2023 at 13:54:11 THE DORSET CHILDREN'S FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
(Continued)
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Support costs | ||||
| Insurance | 1,266 | - | 1,266 | 3,558 |
| Bank charges | 4,632 | - | 4,632 | 3,105 |
| Loan interest | 1,204 | - | 1,204 | 833 |
| Repairs and renewals | 16,200 | - | 16,200 | 3,576 |
| Trustees' salaries | - | - | - | - |
| Accountancy and legal fees | 4,750 | - | 4,750 | 2,803 |
| Consultancy | 11,479 | - | 11,479 | 10,658 |
| 39,531 | - | 39,531 | 24,533 | |
| Total resources expended | 292,425 | 83,722 | 376,147 | 321,607 |
| Gross transfers between funds | (29,894) | 29,894 | - | - |
| Surplus/(defcit) for the year | 6,112 | (19,224) | (13,112) | (81,409) |
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