REGISTERED CHARITY NUMBER: 1158100
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
THE GIVING TREE FOUNDATION
KBSP Partners LLP Chartered Accountants Harben House Harben Parade Finchley Road LONDON NW3 6LH
THE GIVING TREE FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 6 |
| Detailed Statement of Financial Activities | 7 |
THE GIVING TREE FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 objects of the Charity are to promote and protect the physical and mental health of children with autism through the provision of financial assistance, support education and practical advise. And to advance the education of the general public in all areas relating the autism.
Public benefit
In accordance with Section 17 of the Charities Act 2011, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the period, the charity spent money on providing grants to institutions of £3,748 (2023 £2,539) and other costs of £1,878.
FINANCIAL REVIEW
Financial position
The charity had cash resources of £35,512 (2023: £45,306) at the year end.
Reserve policy
The reserve is set out in the Balance Sheet and accompanying note. The Trustees regularly review the level of the cash reserves maintained, which represents the unrestricted fund.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1158100
Principal address
86 Prince of Wales Mansions Prince of Wales Drive London SW11 4BL
Trustees
Mrs T Gullestrup Mrs A Chandris C L Watts Ms W Challen
Approved by order of the board of trustees on 24 January 2025 and signed on its behalf by:
Mrs T Gullestrup - Trustee
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THE GIVING TREE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
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2024 2023
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 1 822
EXPENDITURE ON
-
Raising funds (1,960)
Charitable activities
Grants 8,397 5,536
Other 1,878 2,539
Total 10,275 6,115
NET INCOME/(EXPENDITURE) (10,274) (5,293)
RECONCILIATION OF FUNDS
Total funds brought forward 44,586 49,879
TOTAL FUNDS CARRIED FORWARD 34,312 44,586
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The notes form part of these financial statements
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THE GIVING TREE FOUNDATION
BALANCE SHEET 31 MARCH 2024
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2024 2023
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Cash at bank 35,512 45,306
CREDITORS
Amounts falling due within one year 3 (1,200) (720)
NET CURRENT ASSETS 34,312 44,586
TOTAL ASSETS LESS CURRENT LIABILITIES 34,312 44,586
NET ASSETS 34,312 44,586
FUNDS 4
Unrestricted funds 34,312 44,586
TOTAL FUNDS 34,312 44,586
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The financial statements were approved by the Board of Trustees and authorised for issue on 24 January 2025 and were signed on its behalf by:
T Gullestrup - Trustee
The notes form part of these financial statements
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THE GIVING TREE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
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 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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
continued...
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THE GIVING TREE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors 4. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 44,586 TOTAL FUNDS 44,586 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1 TOTAL FUNDS 1 Comparatives for movement in funds At 1.4.22 £ Unrestricted funds General fund 49,879 TOTAL FUNDS 49,879 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 822 TOTAL FUNDS 822 |
2024 2023 £ £ 480 - 720 720 1,200 720 Net movement At in funds 31.3.24 £ £ (10,274) 34,312 (10,274) 34,312 Resources Movement expended in funds £ £ (10,275) (10,274) (10,275) (10,274) Net movement At in funds 31.3.23 £ £ (5,293) 44,586 (5,293) 44,586 Resources Movement expended in funds £ £ (6,115) (5,293) (6,115) (5,293) |
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continued...
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THE GIVING TREE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
4. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.4.22 £ Unrestricted funds General fund 49,879 |
Net movement At in funds 31.3.24 £ £ (15,567) 34,312 |
|---|---|
| TOTAL FUNDS 49,879 |
(15,567) 34,312 |
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 |
Incoming Resources resources expended £ £ 823 (16,390) |
Movement in funds £ (15,567) |
|---|---|---|
| TOTAL FUNDS | 823 (16,390) |
(15,567) |
5. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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THE GIVING TREE FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
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2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 1 822
Total incoming resources 1 822
EXPENDITURE
Raising donations and legacies
Event costs - (1,960)
Charitable activities
Grants to institutions 8,397 5,536
Other
Travel and subsistence 1,396 979
Support costs
Finance
Bank charges 2 -
Governance costs
Accountancy and legal fees 480 1,560
Total resources expended 10,275 6,115
Net expenditure (10,274) (5,293)
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This page does not form part of the statutory financial statements
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