REGISTERED COMPANY NUMBER: CE000587 (England and Wales) REGISTERED CHARITY NUMBER: 1152928
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2021
for
Jessica Bethell Charitable Foundation
Duncan King FCA 2 MacNeice Drive Barton Park Marlborough Wiltshire SN8 1TR
Jessica Bethell Charitable Foundation
Contents of the Financial Statements for the Year Ended 5 April 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
Jessica Bethell Charitable Foundation
Report of the Trustees
for the Year Ended 5 April 2021
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 5 April 2021. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE000587 (England and Wales)
Registered Charity number
1152928
Registered office
Thorngill Coverham Middleham North Yorkshire DL8 4TJ
Trustees
Hon. JDW Bethell Mrs S Bethell Countess C Peel Mrs J Lambert
Independent Examiner
Duncan King FCA 2 MacNeice Drive Barton Park Marlborough Wiltshire SN8 1TR
Approved by order of the board of trustees on 10 February 2022 and signed on its behalf by:
Hon. JDW Bethell - Trustee
Page 1
Independent Examiner's Report to the Trustees of Jessica Bethell Charitable Foundation
Independent examiner's report to the trustees of Jessica Bethell Charitable Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2021.
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
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Duncan King FCA 2 MacNeice Drive Barton Park Marlborough Wiltshire SN8 1TR
10 February 2022
Page 2
Jessica Bethell Charitable Foundation
Statement of Financial Activities for the Year Ended 5 April 2021
| 5.4.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 6,745 Other trading activities 2 4,302 Investment income 3 3,449 Total 14,496 EXPENDITURE ON Charitable activities Charitable donations 16,000 Other 1,529 Total 17,529 Net gains/(losses) on investments 113,874 NET INCOME/(EXPENDITURE) 110,841 RECONCILIATION OF FUNDS Total funds brought forward 214,683 TOTAL FUNDS CARRIED FORWARD 325,524 |
5.4.20 Total funds £ 15,596 919 4,333 20,848 22,000 1,378 23,378 (15,809) (18,339) 233,022 214,683 |
|---|---|
The notes form part of these financial statements
Page 3
Jessica Bethell Charitable Foundation
Balance Sheet
5 April 2021
| 5.4.21 Unrestricted fund Notes £ FIXED ASSETS Investments 6 308,073 CURRENT ASSETS Debtors 7 188 Investments 8 3,935 Cash at bank 13,328 17,451 NET CURRENT ASSETS 17,451 TOTAL ASSETS LESS CURRENT LIABILITIES 325,524 NET ASSETS 325,524 FUNDS 9 Unrestricted funds 325,524 TOTAL FUNDS 325,524 |
5.4.20 Total funds £ 185,595 188 10,594 18,306 |
|---|---|
| 29,088 | |
| 29,088 | |
| 214,683 | |
| 214,683 | |
| 214,683 | |
| 214,683 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2021 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.
The notes form part of these financial statements
continued...
Page 4
Jessica Bethell Charitable Foundation
Balance Sheet - continued
5 April 2021
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 10 February 2022 and were signed on its behalf by:
S Bethell - Trustee
The notes form part of these financial statements
Page 5
Jessica Bethell Charitable Foundation
Notes to the Financial Statements for the Year Ended 5 April 2021
1. 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) (effective 1 January 2019)', 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
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 purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 5.4.21 | 5.4.20 | |
| £ | £ | |
| Fundraising | 4,302 | 919 |
Page 6
continued...
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
3. INVESTMENT INCOME
| 5.4.21 | 5.4.20 | |
|---|---|---|
| £ | £ | |
| Managed investment income | 3,449 | 4,322 |
| Bank interest received | - | 11 |
| 3,449 | 4,333 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2021 nor for the year ended 5 April 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 15,596 |
| Other trading activities | 919 |
| Investment income | 4,333 |
| Total | 20,848 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable donations | 22,000 |
| Other | 1,378 |
| Total | 23,378 |
| Net gains/(losses) on investments | (15,809) |
| NET INCOME/(EXPENDITURE) | (18,339) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 233,022 |
continued...
Page 7
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| TOTAL FUNDS CARRIED | ||
| FORWARD | 214,683 | |
| 6. | FIXED ASSET INVESTMENTS | |
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 6 April 2020 | 185,595 | |
| Additions | 8,604 | |
| Revaluations | 113,874 | |
| At 5 April 2021 | 308,073 | |
| NET BOOK VALUE | ||
| At 5 April 2021 | 308,073 | |
| At 5 April 2020 | 185,595 |
The total value of the fixed asset investments is represented by a managed portfolio of equity and fixed interest securities, the geographical location of which at 5 April 2021 is as follows:
United Kingdom £79710 Outside the UK £228363
Cost or valuation at 5 April 2021 is represented by:
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in | 2017 | 12,020 |
| Valuation in | 2018 | 5,216 |
| Valuation in | 2019 | 10,384 |
| Valuation in | 2020 | (12,582) |
| Valuation in | 2021 | 113,874 |
| Cost | 179,161 | |
| 308,073 |
continued...
Page 8
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Tax 8. CURRENT ASSET INVESTMENTS Investment managers account 9. MOVEMENT IN FUNDS At 6.4.20 £ Unrestricted funds General fund 214,683 TOTAL FUNDS 214,683 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 14,496 (17,529) TOTAL FUNDS 14,496 (17,529) |
5.4.21 £ 188 5.4.21 £ 3,935 Net movement in funds £ 110,841 110,841 Gains and losses £ 113,874 113,874 |
||
|---|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 6.4.19 £ 233,022 233,022 |
Net movement in funds £ (18,339) (18,339) |
At 5.4.20 £ 214,683 |
|---|---|---|---|
| 214,683 |
continued...
Page 9
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 20,848 TOTAL FUNDS 20,848 A current year 12 months and prior year 12 months combined Unrestricted funds General fund TOTAL FUNDS |
Resources Gains and Movement expended losses in funds £ £ £ (23,378) (15,809) (18,339) (23,378) (15,809) (18,339) position is as follows: Net movement At At 6.4.19 in funds 5.4.21 £ £ £ 233,022 92,502 325,524 233,022 92,502 325,524 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 35,344 35,344 |
Resources expended £ (40,907) (40,907) |
Gains and Movement losses in funds £ £ 98,065 92,502 98,065 92,502 |
|---|---|---|---|
continued...
Page 10
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2021.
Page 11
Jessica Bethell Charitable Foundation
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 5 April 2021 | ||
| 5.4.21 | 5.4.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 6,745 | 15,596 |
| Other trading activities | ||
| Fundraising | 4,302 | 919 |
| Investment income | ||
| Managed investment income | 3,449 | 4,322 |
| Bank interest received | - | 11 |
| 3,449 | 4,333 | |
| Total incoming resources | 14,496 | 20,848 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants | 16,000 | 22,000 |
| Support costs | ||
| Management | ||
| Website costs | 24 | 24 |
| Finance | ||
| Investment management fees | 1,505 | 1,354 |
| Total resources expended | 17,529 | 23,378 |
| Net expenditure before gains and losses | (3,033) | (2,530) |
| Realised recognised gains and losses | ||
| Unrealised loss on investments | 113,874 | (12,582) |
| Realised loss on investments | - | (3,227) |
| Net income/(expenditure) | 110,841 | (18,339) |
This page does not form part of the statutory financial statements
Page 12