REGISTERED CHARITY NUMBER: 1155133
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
THE ATTLEE FOUNDATION
Brindley Millen Ltd 167 Turners Hill
Cheshunt Hertfordshire EN8 9BH
THE ATTLEE FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
THE ATTLEE FOUNDATION
REPORT OF THE TRUSTEES for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Foundation's charitable objectives are:
-
to promote research in the field of social welfare and to disseminate the results of such research for the public benefit in such ways as the trustees from time to time determine
-
to educate young people in the development of their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and as members of society;
-
to promote and provide social services of a charitable nature for the benefit of the community either generally or in a particular area with the object of improving the conditions of life of the persons for whom such services are intended'.
FINANCIAL REVIEW
Reserves policy
At 31st March 2022 The Attlee Foundation had reserves of £17,063 (2021 - £22,225) all of which were unrestricted.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing status
The Attlee Foundation is a Charitable Incorporated Organisation (CIO), registered at the Charity Commission on 30 December 2013, Charity Registration Number 1155133.
Recruitment and appointment of new trustees
The Attlee Foundation is a Foundation model CIO whose voting members are its charity Trustees
Management Structure and decision making
The Board of Trustees meet at least four times a year and is responsible for the governance, probity and strategic direction of the charity
Induction and training of new trustees
Prior to appointment, new Trustees meet with the Chair and are provided with a Trustees' pack containing information about the charity and their responsibilities as Trustee
Developments in good governance practice, the regulatory framework and other factors which impact upon the organisation are reported on and discussed in Board meetings to ensure that Trustees’ knowledge and understanding of their role and responsibilities is kept up to date. Training information is forwarded to Trustees from the Trustee Network and other relevant sources.
Related parties
The Attlee Centre (charity number 04136981) has transferred to The Attlee Foundation assets including antiques, memorabilia and literary materials, at book of £4,600 and cash of £31,200. At the balance sheet date £13,973 was due from The Attlee Centre and is included within debtors.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1155133
Principal address
5 Thrawl Street London E1 6RT
Trustees
A Evans M Young Mrs J Roundell Greene
Page 1
THE ATTLEE FOUNDATION
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2022
Oct 20, 2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Alun T B Evans
..............................................................................Alun T B Evans (Oct 20, 2022 11:06 GMT+1) A Evans - Trustee
Page 2
THE ATTLEE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Direct costs | 4,532 | 83 | |
| Governance costs | 630 | 630 | |
| Total | 5,162 | 713 | |
| NET INCOME/(EXPENDITURE) | (5,162) | (713) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 22,225 | 22,938 | |
| TOTAL FUNDS CARRIED FORWARD | 17,063 | 22,225 |
The notes form part of these financial statements
Page 3
THE ATTLEE FOUNDATION
BALANCE SHEET 31 March 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Heritage assets | 4 | 4,600 | 4,600 |
| CURRENT ASSETS | |||
| Debtors | 5 | 13,973 | 18,885 |
| CREDITORS | |||
| Amounts falling due within one year | 6 | (1,510) | (1,260) |
| NET CURRENT ASSETS | 12,463 | 17,625 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 17,063 | 22,225 | |
| NET ASSETS | 17,063 | 22,225 | |
| FUNDS | 7 | ||
| Unrestricted funds | 17,063 | 22,225 | |
| TOTAL FUNDS | 17,063 | 22,225 |
Oct 20, 2022 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
Alun T B Evans
Alun T B Evans (Oct 20, 2022 11:06 GMT+1) ............................................. A Evans - Trustee
The notes form part of these financial statements
Page 4
THE ATTLEE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling (£).
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.
Heritage assets
Heritage assets including antiques, memorabilia and literary materials, at a book value of £4,600 were transferred to The Attlee Foundation from The Attlee Centre (charity number 04136981) when the charity was formed. Heritage assets are held at original cost and not depreciated.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
General funds are unrestricted funds which are available for us at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| EXPENDITURE ON | |
| Charitable activities | |
| Direct costs | 83 |
| Governance costs | 630 |
| Total | 713 |
| NET INCOME/(EXPENDITURE) | (713) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 22,938 |
| TOTAL FUNDS CARRIED FORWARD | 22,225 |
Page 5
continued...
THE ATTLEE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
| 4. | HERITAGE ASSETS | |||
|---|---|---|---|---|
| Total | ||||
| £ | ||||
| MARKET VALUE | ||||
| At 1 April 2021 and 31 March 2022 | 4,600 | |||
| NET BOOK VALUE | ||||
| At 31 March 2022 | 4,600 | |||
| At 31 March 2021 | 4,600 | |||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Other debtors | 13,973 | 18,885 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Trade creditors | 1,510 | 1,260 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 22,225 | (5,162) | 17,063 | |
| TOTAL FUNDS | 22,225 | (5,162) | 17,063 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | - | (5,162) | (5,162) | |
| TOTAL FUNDS | - | (5,162) | (5,162) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 22,938 | (713) | 22,225 | |
| TOTAL FUNDS | 22,938 | (713) | 22,225 |
Page 6
continued...
THE ATTLEE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund - |
(713) | (713) |
| TOTAL FUNDS - |
(713) | (713) |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| Net | ||
| movement | At | |
| At 1.4.20 | in funds | 31.3.22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 22,938 |
(5,875) | 17,063 |
| TOTAL FUNDS 22,938 |
(5,875) | 17,063 |
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 | - | (5,875) | (5,875) |
| TOTAL FUNDS | - | (5,875) | (5,875) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 7
THE ATTLEE FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022 |
|||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Total incoming resources | - | - | |
| EXPENDITURE | |||
| Charitable activities | |||
| Wages | 2,532 | - | |
| IT support | - | 83 | |
| Room hire and catering | 2,000 | - | |
| 4,532 | 83 | ||
| Support costs | |||
| Governance costs | |||
| Accountancy and legal fees | 630 | 630 | |
| Total resources expended | 5,162 | 713 | |
| Net expenditure | (5,162) | (713) |
This page does not form part of the statutory financial statements
Page 8
The Attlee Foundation accounts
Final Audit Report
2022-10-20
Created: 2022-09-29 By: L Hewitt (luisa.hewitt@hewittwarin.com) Status: Signed Transaction ID: CBJCHBCAABAAthvbgDqum7YUs2iHCEUpCX_7wOot92Jp
"The Attlee Foundation accounts" History
Document created by L Hewitt (luisa.hewitt@hewittwarin.com)
2022-09-29 - 10:31:39 GMT- IP address: 92.31.143.76
Document emailed to alun@atbe.co.uk for signature
2022-09-29 - 10:32:53 GMT
Email viewed by alun@atbe.co.uk
2022-09-29 - 14:14:57 GMT- IP address: 104.28.86.100
Email viewed by alun@atbe.co.uk
2022-10-17 - 22:37:10 GMT- IP address: 104.28.86.108
New document URL requested by alun@atbe.co.uk
2022-10-20 - 10:04:51 GMT- IP address: 82.27.200.187
Signer alun@atbe.co.uk entered name at signing as Alun T B Evans 2022-10-20 - 10:06:55 GMT- IP address: 82.27.200.187
Document e-signed by Alun T B Evans (alun@atbe.co.uk) Signature Date: 2022-10-20 - 10:06:56 GMT - Time Source: server- IP address: 82.27.200.187
Agreement completed.
2022-10-20 - 10:06:56 GMT