REGISTERED COMPANY NUMBER: 08323417 (England and Wales) REGISTERED CHARITY NUMBER: 1153782
Report of the Trustees and Financial Statements for the Year Ended 30th September 2020 for 65 ROSES TRUST
Walters & Company Certified Practising Accountants 1-3 High Street Great Dunmow Essex CM6 1UU
65 ROSES TRUST
Contents of the Financial Statements for the year ended 30th September 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
65 ROSES TRUST
Report of the Trustees for the year ended 30th 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 30th 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 2015).
Objectives and activities
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
The charity's objectives are specifically restricted to the following: To assist sick or disadvantaged children, young adults and their families with cash, real property and effects to assist with housing, education, holidays, medical costs, clothing, specialist care and nursing.
Achievement and performance
The charity did not receive any donations during the year.
Financial review
As a result of the charity not receiving any donations during the year there was a deficit of £6,854 for the year.
Future plans
The charity plans continuing the activities and objectives outlined above in the forthcoming years subject to satisfactory funding arrangements.
Structure, governance and management Governing document
The organisation is a charitable company limited by guarantee, incorporated on 10 December 2012 and registered as a charity on 12 September 2013. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law. At the first annual general meeting all the directors must retire from office unless by the close of the meeting the members have failed to elect sufficient directors to hold a quorate meeting of the directors. At each subsequent annual general meeting one-third of the directors or, if their number is not three or a multiple of three, the number nearest to one-third, must retire form office. If there is only one director he or she must retire.
Organisational structure
The trustees are responsible for the strategic direction and policy of the charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the secretary.
Induction and training of new trustees
Most trustees are already familiar with the practical work of the charity. Additionally, new trustees are invited to attend a series of training sessions to familiarise themselves with the charity and the context within which it operates.
Page 1
65 ROSES TRUST
Report of the Trustees for the year ended 30th September 2020
Reference and administrative details Registered Company number 08323417 (England and Wales)
Registered Charity number 1153782
Registered office
1-3 High Street Great Dunmow Essex CM6 1UU
Trustees
P J Whight G A Whight
Independent examiner
Walters & Company Certified Practising Accountants 1-3 High Street Great Dunmow Essex CM6 1UU
Approved by order of the board of trustees on 16th March 2021 and signed on its behalf by:
P J Whight - Trustee
Page 2
Independent Examiner's Report to the Trustees of 65 ROSES TRUST
Independent examiner's report to the trustees of 65 ROSES TRUST ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th 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
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
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the accounts do not accord with those records; or
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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
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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
K R Walters Institute of Certified Practising Accountants Walters & Company Certified Practising Accountants 1-3 High Street Great Dunmow Essex CM6 1UU
16th March 2021
Page 3
65 ROSES TRUST
Statement of Financial Activities for the year ended 30th September 2020
| 30/9/20 Unrestricted fund Notes £ Income and endowments from Donations and legacies 158 Investment income 2 77 Total 235 Expenditure on Raising funds 3 660 Charitable activities Cystic Fibrosis Trust 12,500 Willow Foundation 10,000 Rob George Foundation - St Giles Trust - MJP King - Rompa - SNAP Charity 1,396 Function Central 250 Total 24,806 Net income/(expenditure) (24,571) Reconciliation of funds Total funds brought forward 148,145 Total funds carried forward 123,574 |
30/9/19 Total funds £ - 74 74 758 - - 5,000 10,000 450 - - 16,208 (16,134) 164,279 148,145 |
|---|---|
The notes form part of these financial statements
Page 4
65 ROSES TRUST
Balance Sheet At 30th September 2020
| 30/9/20 Unrestricted fund Notes £ Current assets Debtors 6 - Cash at bank 126,074 126,074 Creditors Amounts falling due within one year 7 (2,500) Net current assets 123,574 Total assets less current liabilities 123,574 Net assets 123,574 Funds 8 Unrestricted funds 123,574 Total funds 123,574 |
30/9/19 Total funds £ 2,000 148,645 150,645 (2,500) 148,145 148,145 148,145 148,145 148,145 |
|---|---|
The notes form part of these financial statements
Page 5
continued...
65 ROSES TRUST
Balance Sheet - continued At 30th September 2020
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 on 16th March 2021 and were signed on its behalf by:
P J Whight -Trustee
The notes form part of these financial statements
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65 ROSES TRUST
Notes to the Financial Statements for the year ended 30th September 2020
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 2015)', 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.
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.
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.
2. Investment income
| 30/9/20 | 30/9/19 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 77 | 74 |
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65 ROSES TRUST
Notes to the Financial Statements - continued for the year ended 30th September 2020
| 3. | Raising funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Other trading activities | |||||||||
| 30/9/20 | 30/9/19 | ||||||||
| £ | £ | ||||||||
| Support costs | 660 | 720 | |||||||
| Investment management costs | |||||||||
| 30/9/20 | 30/9/19 | ||||||||
| £ | £ | ||||||||
| Administrative expenses | - | 38 | |||||||
| Aggregate amounts | 660 | 758 | |||||||
| 4. | Trustees' remuneration and | benefits | |||||||
| There were no trustees' |
remuneration | or | other | benefits | for | the | year | ended | |
| 30th September 2020 nor for | the year ended | 30th | September 2019 . |
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th September 2020 nor for the year ended 30th September 2019 .
| 5. | Comparatives for the statement of financial activities | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| Income and endowments from | ||
| Investment income | 74 | |
| Total | 74 | |
| Expenditure on | ||
| Raising funds | 758 | |
| Charitable activities | ||
| Rob George Foundation | 5,000 | |
| St Giles Trust | 10,000 | |
| MJP King | 450 | |
| Total | 16,208 |
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65 ROSES TRUST
Notes to the Financial Statements - continued for the year ended 30th September 2020
| 5. | Comparatives for the statement of financial activities - continued | Comparatives for the statement of financial activities - continued | Comparatives for the statement of financial activities - continued | ||
|---|---|---|---|---|---|
| Unrestricted | |||||
| fund | |||||
| £ | |||||
| Net income/(expenditure) | (16,134) | ||||
| Reconciliation of funds | |||||
| Total funds brought forward | 164,279 | ||||
| Total funds carried forward | 148,145 | ||||
| 6. | Debtors: amounts falling due within one year | ||||
| 30/9/20 | 30/9/19 | ||||
| £ | £ | ||||
| Other debtors | - | 2,000 | |||
| 7. | Creditors: amounts falling due within one year | ||||
| 30/9/20 | 30/9/19 | ||||
| £ | £ | ||||
| Accrued expenses | 2,500 | 2,500 | |||
| 8. | Movement in funds | ||||
| Net | |||||
| movement | |||||
| At 1/10/19 | in funds | At 30/9/20 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 148,145 | (24,571) | 123,574 | ||
| TOTAL FUNDS | 148,145 | (24,571) | 123,574 |
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65 ROSES TRUST
Notes to the Financial Statements - continued for the year ended 30th September 2020
8. Movement in funds - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 235 | (24,806) | (24,571) | |
| TOTAL FUNDS | 235 | (24,806) | (24,571) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | ||||
| At 1/10/18 | in funds | At 30/9/19 | ||
| £ | £ | £ | ||
| Unrestricted Funds | ||||
| General fund | 164,279 | (16,134) | 148,145 | |
| TOTAL FUNDS | 164,279 | (16,134) | 148,145 | |
| Comparative net movement in funds, included | in the above are as | follows: | ||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 74 | (16,208) | (16,134) | |
| TOTAL FUNDS | 74 | (16,208) | (16,134) | |
| A current year 12 months and prior year 12 months combined position is as follows: | ||||
| Net | ||||
| movement | ||||
| At 1/10/18 | in funds | At 30/9/20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 164,279 | (40,705) | 123,574 | |
| TOTAL FUNDS | 164,279 | (40,705) | 123,574 |
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65 ROSES TRUST
Notes to the Financial Statements - continued for the year ended 30th September 2020
8. Movement in funds - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 309 | (41,014) | (40,705) |
| TOTAL FUNDS | 309 | (41,014) | (40,705) |
9. Related party disclosures
At the balance sheet date £Nil ( 2019: £2,000 debtor) was due from Alberic Limited to the Charity.
G Whight & P Whight are directors and shareholders of Alberic Limited.
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65 ROSES TRUST
Detailed Statement of Financial Activities for the year ended 30th September 2020
| Income and endowments Donations and legacies Donations Investment income Deposit account interest Total incoming resources Expenditure Investment management costs Administrative expenses Charitable activities Charitable activity - Donation Support costs Governance costs Accountancy and legal fees Total resources expended Net expenditure |
30/9/20 £ 158 77 235 - 24,146 660 24,806 (24,571) |
30/9/19 £ - 74 74 38 15,450 720 16,208 (16,134) |
|---|---|---|
This page does not form part of the statutory financial statements
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