Registered Charity Number: 1153117
Report of the Trustees and Unaudited Financial Statements for the year ended 31 August 2023
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Contents of the Financial Statements for the year ended 31 August 2023
Page Report of the Trustees 3 Independent Examiner’s Report 4 Statement of Financial Activities Balance Sheet 6 Notes to the Financial Statements 7 - 9 Detailed Statement of Financial Activities 10
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Report of the Trustees for the year ended 31 August 2023
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1153117
Principal address: 9 Astle Court Arnold Nottingham NG5 6RU
Trustees
D. Fairman - appointed 18.07.2013 D. Burns - appointed 06.01.2014 C. Stephenson - appointed 26.06.2015
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 10/11/2023 and signed on its behalf by:
……………………………………………. Trustee
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Independent Examiner’s Report to the Trustees of Muted
I report on the accounts for the year ended 31 August 2023 set out on pages three to six.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
It is my responsibility to:
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Examine the accounts under Section 145 of the 2011 Act;
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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
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- To state whether particular matters have come to my attention.
Basis of the 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, 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 statements below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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Which gives me reasonable cause to believe that, in any material respect, the requirements
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To keep accounting records in accordance with Section 130 of the 2011 Act; and
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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
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
SUNNY ACCOUNTANTS LIMITED
KARL WATTS BSc(Hons) ACA CPFA CTA ATT Dip.PFS MUTED
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Statement of Financial Activities for the year ended 31 August 2023
| UNRESTRICTED RESOURCES Incoming resources from generated funds Voluntary Income RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Governance costs Support costs Finance costs Total resources expended NET INCOMING RESOURCES TOTAL FUNDS CARRIED FORWARD |
Notes | 2023 2022 Unrestricted fund 47,662 14,015 7,583 4,907 410 4,193 390 5,213 113 110 |
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|---|---|---|---|
| 12,299 10,620 |
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| 35,363 2913 |
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| 35,363 2913 |
The notes form part of these financial statements
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Balance Sheet at 31 August 2023
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Debtors 5 Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 7 TOTAL FUNDS |
2023 2022 Unrestricted fund - - - - 49,120 14,530 |
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| 49,120 14,530 (410) (684) |
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| 48,710 13,846 |
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| 48,710 13,846 |
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| 48,710 13,846 |
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| 48,710 13,846 |
The financial statements were approved by the Board of Trustees on and were signed on its behalf by:
……………………………………..
Trustee
The notes form part of these financial statements
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Notes to the Financial Statements For the year ended 31 August 2023
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), for the Charities Act 2011, and the requirements of the Statement of Recommended Practice, Accounting and Reporting for Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment - 33.3% reducing balance
Taxation
The charity is exempt from 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.
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2. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the period ended 31 August 2023
Trustees’ expenses
There were no trustees’ expenses paid for the period ended 31 August 2023
3. STAFF COSTS
Wages and salaries £ NIL
The average monthly number of employees during the period was as follows: NIL
No employees received emolyments in excess of £60,000.
4. TANGIBLE FIXED ASSETS
| COST B/F Balance DEPRECIATION B/F Charge for the year NET BOOK VALUE at 31 August 2023 |
Computer Equipment £ 2,496 |
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| 2,496 0 |
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| 2496 | |
| 0 |
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022 £ £ Other Debtors -
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals Other Creditors |
410 390 294 |
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| 410 684 |
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7. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
Balance at 2022 Net movement in funds At 2023 13,849 34,861 48,710 |
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| 13,849 34,861 48,710 |
Net movement in funds included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources Resources expended Movement in funds £ £ £ 47,662 (12,299) 35,363 |
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| 47,662 (12,299) 35,363 |
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Detailed Statement of Financial Activities For the year ended 31 August 2023
| INCOMING RESOURCES Voluntary Income Donations Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income: Fundraising, advertising & PR costs Governance costs: Accountancy Legal & Professional fees Support Costs: Postage & Stationery Sundries Travel & subsistence Depreciation Finance: Bank Charges TOTAL RESOURCES EXPENDED NET INCOME |
2023 2022 £ £ 47,662 14,015 |
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| 47,662 14,015 |
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| 47,662 14,015 7,583 4,907 410 390 - - |
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| 7,993 5,297 - - 4,193 5,213 - - 0 0 |
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| 4,193 5,213 113 110 |
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| 12,299 10,620 |
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| 35,363 3,395 |
This page does not form part of the statutory financial statements
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