## **- ANNUAL REPORT 2020 2021**
CHARITY NUMBER IN ENGLAND & WALES 1160073
## **SUPPORTING CHILDREN DURING A PARENT’S CANCER ACROSS THE UK**
## **JULY 2020-JUNE 2021**
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## **CONTENTS:**
## 1. Executive Summary
- 1.1 Rationale
- 1.2 Structure 1.3 2020-2021 1.4 2021-2026
## 2. Organisation Details
- 2.1 Charity Name
- 2.2 Registered Address
- 2.3 Correspondence Address
- 2.4 Telephone Number
- 2.5 Email
- 2.6 Website
- 2.7 Legal Status 2.8 Objects
## 3. The Osborne Trust
- 3.1 Vision
- 3.2 Mission Statement
- 3.3 Values
- 3.4 What we do
## 4. Background & Achievements to date
- 4.1 Background
- 4.2 Support
- 4.3 Partner Organisations
- 4.4 Profile
## 5. Our Goals
- 5.1 2014-2021
- 5.2 Next 12 months
- 5.3 5-year forecast
## 6. Benefit/Need
- 6.1 What is the benefit/need to the public?
- 6.2 Who will benefit?
- 6.3 How will they benefit?
- 6.4 What similar services/organisations are currently available?
- 6.5 How we work with other providers.
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7. Performance/Monitoring 7.1 Key performance indicators (KPI’s)
- 7.2 Measuring KPI’s
- 7.3 Reporting KPI’s
## 8. Promotion/Marketing
- 8.1 How we promote our work
- 8.2 Current activity 8.3 Website
## 9. The Organisation
- 9.1 Board of Trustees 9.2 Staf
- 9.3 Volunteers
- 9.4 Premises
- 9.5 New equipment & consumables
- 9.6 Policies & Procedures
- 9.7 Risk
- 9.8 Trustees Recruitment/Appointment
10. Fundraising Strategy 10.1 General Funds
10.2 Trading
11. Trustees Report
12. Charity Information
13. Independent Examiners Report
14. Financial Statement 14.1 Statement 14.2 Balance Sheet 14.3 Notes to account 14.4 Detailed Profit and loss account
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## **1- Executive Summary**
The Osborne Trust (the ‘Charity’) is a registered charity in England and Wales (1160073). Founded in July 2014 from Rhuddlan in North Wales and operates throughout the UK & Northern Ireland, with majority of its work taking place in England and Wales. The Osborne Trust now has its headquarters in Rhyl in North Wales.
## **1.1 Rationale**
The charity was set up in response to a supposed lack of support for children during a parents cancer. The founder has personal experience of being diagnosed with cancer with 2 young children. Her encounter of finding no support for her own children generated her desire to provide other children whose Mum/Dad have cancer with the support she found lacking for her 2 children.
The Osborne Trust mission statement is
## **Supporting children during a parent’s cancer**
And support families were
a) A parent receives a cancer diagnosis and have children under the age of 18 living at home with them
The Osborne Trust vision is:
## **Every child who sees a parent go through cancer can access emotional and practical support from the Trust.**
## **1.2 Structure**
The Osborne Trust currently has one full time staf member and a strong board of trustees/management committee drawn from various sectors with a wide range of skills and expertise, in addition to a personal experience of cancer. The current staf team consists of a CEO/Charity Manager.
All trustees provide their time in a voluntary capacity.
## **1.3 July 2020 June 2021**
The Osborne Trust is now in its 7[th] year and is still the only charity focusing solely on supporting children during a parent’s cancer across the whole of the UK. Our core support programmes and
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packages we provide is funded entirely by donations fundraising and some grant funding. All our support services are provided free of charge to families.
The funds raised by The Osborne Trust is generated by charity led fundraising activities, sales of branded merchandise, as well as our Ozzy & friends teddies and accessories. Alongside this, fundraising and donations from individuals, community groups and businesses as well as sourcing grants and funding wherever possible.
Funds have been used efectively to support our core areas of support. These are reducing isolation for children through a local respite activity, providing comfort through our Ozzy the Elephant teddy and equipping children and young people with mindfulness tools such as a journal, books and colouring to assist their emotional well-being.
Our profile about what we do and who we support has increased significantly amongst both the medical/cancer sector and the public. Primarily this has been done through contacting every Macmillan Information and Support Hubs across the UK as well as strengthening our existing relationships with charities and practitioners. The families we have supported are also important ambassadors for us to help promote to the work we do.
Like all small charities, The Trust had to respond to the Covid 19 pandemic during the last 12 months. We adapted quickly by moving our local respite activities to lockdown/shielding activities, which could be used within the home to encourage family time as well as opportunities for children and young people to have some alone time too. We were able to adapt and provide the support to the families in a way that they needed it. We continued to operate as we always had and made ourselves as available as we had pre pandemic to meet the needs of our families. Since we only have 1 paid staf member who works from home, we were not impacted by the government announcement to work from home and were already set up to do so.
The Trust had to look at new and innovative ways for its income streams, luckily, we already had a strong online presence across our social media platforms and were able to move several fundraising opportunities online to generate income. We were able to tap into specific covid 19 monies available and were able to maintain income at a consistent level, with only a 10k shortfall in revenue.
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**- 1.4 2021 2026**
As The Osborne Trust moves into its 8[th] year and beyond, much of our work will be around increasing the number of children and young people we support and tailoring this support to their needs from their feedback. Our work continues to be led by the children and young people we support. Our strategic aims over the next 5 years are as follows:
- To continue to support children and young people through our core support programmes
- To ofer high school aged children access to peer to peer support through activity-based group exercise and activities
- To ensure cancer patients who are parents to under 18-yearolds receive consistent and accurate advice regarding support on ofer for their children.
- To ensure families are signposted to FREE support programmes and packages to assist their children during their cancer and not signposted to those where they must pay for any support for their children.
- To increase the number of staf in order to meet the increasing demand and geographical spread of our work.
- To create and manage a volunteer structure and corresponding policy.
Specific goals for the next 5 years are set out in section 5
## **Emma Osborne Founder/CEO/Charity Coordinator**
## **2- Organisational Details**
## **2.1 Charity Name**
The Osborne Trust
## **2.2 Registered Address**
Po Box 349, Rhyl, Denbighshire, LL18 9HX, Wales
## **2.3 Correspondence Address**
Po Box 349, Rhyl, Denbighshire, LL18 9HX, Wales
## **2.4 Telephone Number**
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07712 089273
## **2.5 Email**
the-osborne-trust@outlook.com
## **2.6 Website**
www.theosbornetrust.com
## **2.7 Legal Status**
Registered Charity in England and Wales No: 1160073 HMRC Charities Ref: EW29751
Member of the Fundraising Regulator
## **2.8 Objects**
The Trusts objects, as listed on the Charity Commission are specifically related to the following:
The relief of sickness and need, and the preservation of health for children afected by their parent’s cancer:
- a) To provide children and young people aged 16 years and under whose parents have cancer some time out activities during their parent’s cancer treatment by funding these activities.
- b) For the provision of activities that will bring comfort to children under 16 years of age whilst their parents have cancer, which will in turn have a beneficial efect on the well-being of the family during this time
- c) To fund the provision of leisure services/activities for children and young people where the parent has cancer, such as plays centre activities, cinema tickets bowing passes etc to relieve the stress placed upon families during cancer treatment by paying for these to take place.
## **3- The Osborne Trust**
## **3.1 Vision**
To support every child & young person living with a parent undergoing cancer treatment.
## **3.2 Mission Statement**
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Supporting children during a parent’s cancer treatment.
To achieve this as a charity we aim to reduce children and young people’s isolation, provide mindfulness tools to feel better able to cope and provide emotional support through our core support programmes and packages.
## **3.3 Values**
The work of The Osborne Trust reflects the key principles and values of the Charity, upheld by its Board of Trustee- confidentiality, transparency, equal opportunities for all and the unique circumstances of each person/family supported.
## **3.4 What we do**
Charitable activities are provided through 5 main priorities:
1. Ofering each child referred into our service a support pack made up of items they identify they need such as our Ozzy teddy for comfort, journaling for mindfulness, flashcards for younger children and colouring.
2. Funding local respite activities to reduce children’s feelings of isolation. Unexpected costs arise after a cancer diagnosis, there is a massive financial impact for most families. We will fund for children and young people to get some ‘time away’ from seeing Mum/Dad at their worst through treatment and go of to ‘enjoy’ a trip to a farm park, watch a movie, go bowling, jump around at a trampoline park or even some food at the local pizza place.
3. Bringing families together on our Together Time activities to reduce children’s isolation. They may be the only child at school whose parent has cancer, but by bringing families together, we are showing them they are not the only ones.
4. Supporting children’s emotional well-being as they see their parent go through cancer, through mindfulness tools & respite activities.
5. Providing a one stop shop for advice and information about a cancer diagnosis for a parent with children on how best to support their child/ren, including links to localised services and signposting to other organisations who can ofer help.
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## **4- Background and Achievements to Date**
## **- 4.1 Background**
The Osborne Trust was founded after our founder/CEO was diagnosed with cancer age 36 years with children aged 7 & 4 and finding no support on ofer for them.
Emma was diagnosed in 2013 and spent 10 months going through cancer treatment, operation, chemotherapy, and radiotherapy, with many hospitals stays due to infections and complications. Throughout this time Emma’s thoughts were always on how best to support her children. She asked at every appointment was there anything locally or nationally that could support the kids and was met with a brick wall, she found lots of services for herself but nothing specifically focusing on supporting her children through this time.
The family got through it by planning activities around Emma’s treatment. Dad would take the kids of to the cinema, a play centre, a farm park so Emma could have some time to rest, and the kids got out of the house from seeing Emma so poorly form her gruelling treatment.
At the same time as Emma’s treatment, an old family friend was diagnosed with cancer with 3 teenage children and was selfemployed with very little income coming in. This got Emma thinking about the financial implications a cancer diagnosis has for a family and how getting a day out or going to the cinema could be a luxury that stopped when a parent had cancer due to money worries. From there the first ideas for the Trust was born.
Emma finished her treatment in the February of 2014 and once through this she got to work on looking into setting up a charity to support children during a parent’s cancer. She asked her own children what they would have found beneficial, one idea was a teddy to cuddle and provide comfort for when Emma was in hospital and Ozzy the Elephant was born.
## **4.2: The Osborne’s Trusts Volunteers and Supporters**
The Trust has established a dedicated team of volunteers through our Trustees,
Fundraising/Events volunteers, professional advisors, and ambassadors, without
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whom our charitable activities could not be carried out. These individuals give up
their free time to help us continue our work here at the charity.
## **- 4.3 Partner Organisations**
Strong working relationships have been developed with both hospitals, cancer centres and cancer related charities across the UK namely:
- North Wales Cancer Centre
- Clatterbridge Cancer Centres
- The Christie Hospital
- Macmillan Cancer Support
- Mummy’s Star
- Maggie’s Centres
- Clic Sargent now Young Lives V’s Cancer
- Young Breast Cancer Network (YBCN)
- NHS Hospitals
- NHS GP Surgeries
We have received many referrals from the above organisations and have also had the opportunity to speak to their teams to inform them of the work we do with children and young people during a parent’s cancer. This has helped establish how we can better work together in the future for the most benefit of the children within a patients’ family.
Over the past 12 months we have contacted every Macmillan Information and Support Hub across the UK and from this have seen an increase in referrals from areas we have struggled with previously such as mid and south Wales and the Merseyside areas.
## **4.4 Profle**
Growth in our profile and charity awareness has been positive thanks to our social media pages and engagement on these. We have received a major boost to our profile over the past year thanks to working with the parentship organisations listed above.
We help any parent we have supported to raise awareness about the Trust and our work in supporting children. By sharing their story across social media channels and the general media they spread the news of who we are and what we do.
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## **5- Our Goals**
## **- - 5.1 2014 2021**
Such has been the growth of the Trust since we first started, we have needed to reflect upon what has been achieved so we can plan accordingly. It is evident that our core support of the local respite activities and our support packs are working well and require little development bar any new products that come on the market which may be beneficial. Our together time, where we bring families together so children and young people can see they aren’t the only ones needs more development as covid didn’t allow us to maximise this in the last year. Our peer-to-peer support work will be developed over the next 12 months for the older ages 10-18 years. Promotion of what we do needs to increase to enable us to reach many more families than we do presently
## **- 5.2 Next 12 months**
- To continue to provide our support packages to children of all ages.
- To fund up to 3 respite local activities for children during a parent cancer.
- To increase the partner organisations we work closely with so we can reach many more families.
- Carry out a pilot peer to peer project through outdoor activities within the North Wales and Northwest regions (conditions of the funding received)
- Look to employ an additional member of staf
- Continue to diversify our income to ensure our long-term sustainability
- Create a volunteer structure which details the opportunities we ofer and the benefits of volunteering with us.
- Maintain existing relationship and build new ones with other charities and cancer organisations, especially hospitals I certain regions where our support is not as high.
## **- - 5.3 5 year forecast**
- Be the go-to service that health/cancer practitioners refer the children of their patients to.
- Reach over 50% of parents who have been diagnosed with cancer and have children living with them.
- Raise 250k in income by 2027.
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- Employ coordinators in at least 2 counties in England (paid or voluntary capacity).
- Hold at least 6 months operational costs in case of any risk or having to wind the charity down.
## **6- Beneft/Need**
## **- 6.1 What is the beneft/need to the public**
Reducing isolation and supporting the emotional wellbeing of the children of a parent with cancer
## **- 6.2 Who will beneft**
The Trust focuses on supporting children and young where: -
- Mum or Dad is newly diagnosed with cancer
- Mum or Dad is undergoing cancer treatment
- Mum or Dad has a secondary/terminal cancer diagnosis, we will support throughout
- Mum or Dad loses their life from cancer whilst we have supported them in the past and are supporting them.
## **- 6.3 How will they beneft**
The Trust seeks to reduce children and young people’s isolation and support their emotional and mental wellbeing when Mum or Dad is going through cancer by: -
- Funding up to the 3 local respite activities to reduce their isolation
- Bring children and young people together with others to reduce their isolation
- Relieve some of the financial burdens incurred because of the cancer diagnosis
- Advise and support children and young to look after their mental and emotional wellbeing though our support packages
- Advise, support, and share knowledge to support a parent with children going through cancer.
- Ofer peer to peer mentoring support through outdoor based activities.
## **6.4 What similar services/organisations are currently available?**
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We haven’t been able to find any other cancer charity that works across the UK and Northern Ireland that solely focuses on supporting children and young people during a parent’s cancer.
Cancer is being diagnosed more in the under 50’s age groups, where a high number will be parents, whilst lots of other organisations have a leaflet or a section on the website for these patients, other charities are not able to address or provide specific help or solutions like us, which are: -
- The alleviation of isolation for children and young people seeing a parent go through cancer
- Funding respite activities and support packs for these families to ease short term hardship.
Some organisations and charities ofer children and young people’s open days, but we found this to be a few times a year with the focus still being on the cancer patient as opposed to their children.
## **- 6.5 How we work with other providers**
Referral systems are in place for other organisations to refer cancer patients who are parents to anyone under 18 to us, which in turn will help those charities to provide next step support via the services we ofer.
Please refer to section 4.3 on who we are already working with.
## **7- Performance Monitoring**
## **- ’ 7.1 Key Performance Indicators (KPI s)**
- Number of support packs posted out to children and young people who meet our specific criteria.
- Number of local respite activities funded.
- Sufficient funds to meet support packs and activities raised.
- Number of children and young people receiving our advice and support.
- Amount of significant publicity pieces, articles, and adverts
- Number of diferent healthcare providers/organisations and charities referring families to us.
- Number of new charities and organisations worked with.
## **- ’ 7.2 Measurement of KPI s**
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- Support packs sent out are documented with the evidence and agreed criteria adhered to.
- Number of local respite activities documented (including cost), evidence and agreed criteria adhere to
- Funds are available and accessible to CEO/Coordinator and treasurer.
- Documentation is available and clear/can be explained. Suitable for children and young people to receive and understand.
- Requests are responded to within 10 days. Continuity of responder ideally where possible
- More referrals from new healthcare providers/organisations. More likes/follows on Facebook, Twitter & Instagram.
- More requests for support received.
- Named contact on behalf of The Osborne Trust and the children & young people we support.
## **- ’ 7.3 Reporting of KPI s**
- Documentation and CEO/Coordinator reporting to chair and trustees.
- Report back to quarterly meetings
- CEO/Treasurer’s report to Trustees and CEO updating on fundraising activities
- CEO reports to Chair
- Evidence trail on social media channels/emails. CEO/ relevant trustees to report at meetings.
- CEO to provide update at meetings when appropriate.
## **8- Promotion/Marketing**
## **- 8.1 How and where we promote our work**
See Communications Plan
## **- 8.2 Current activity**
A lot of our promotion and advertising is done across our social media channels (Facebook, Instagram & Twitter) Facebook has been our most successful, with over 4,000 followers and generated a lot of revenue through their fundraising avenues on the page. Twitter has been beneficial in creating links with NHS Trusts, practitioners, and
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other cancer services. Doing more on Linked in will be a focus going forward, it’s not something we have maximised at present.
## **8.3 Website**
2021/2022 year will see a complete overhaul of our website so it’s easy for the patient to access support for their kids and for the health practitioners to refer the families they are supporting over. Additionally, we want to maximise what we have been up to and what we have and are doing in terms of support and fundraising through the site.
## **9- The Organisation**
## **- 9.1 Board of Trustees**
The following trustees were active during the year ending June 30[th] 2021
**----- Start of picture text -----**
Name Position Appointed Resigned
Clare Chair Trustee 7 th Dec 2014 N/A
Grifths
Emma CEO/Trustee 7 th Dec 2014 13 May 2021
Osborne
Helen Trustee 14th May N/A
Daniels 2021
Nicky Trustee 20th Feb 2018 N/A
Grayston
Anwen Maher Trustee 21st Nov 2019 N/A
Aimee Parker Treasurer/Trus 7 th Dec 2014 N/A
tee
Elizabeth Trustee 7 th Dec 2015 N/A
Owen
Sioned Trustee 21st Nov 2019 N/A
Davies
Angela Evans Secretary/Trus 20th Feb 2018 N/A
tee
**----- End of picture text -----**
## **- 9.2 Staf**
Emma Osborne Founder/CEO/Charity Coordinator
## **- 9.3 Volunteers**
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Due to the nature of The Trust, how we work and the fact we operate all over the UK virtually/remotely, our volunteer ofer difers to may organisations.
Volunteering can often be through our fundraising events within the community as well as admin support and visiting hospitals all over the UK (pre covid) with our posters and leaflets.
## **- 9.4 Premises**
The Trust currently has no accommodation assets.
## **- 9.5 New equipment and consumables**
New equipment and consumables to enable the Trust to carry out its work will be purchased as necessary but will always seek to attain value for money.
Consumables to enable the Trust to carry out its work will be purchased as necessary but will always seek to attain value for money.
## **- 9.6 Policies and Procedures**
The Trust has active polices covering the following: -
- Safeguarding
- Financial Management
- Reserves Policy
- Volunteer
- Risk Management
- GDPR & Data Protection
- Privacy Policy
- Equality and Diversity
- Welsh Language
- Trustee Expenses
- Trustees Code of Conduct
## **- 9.7 Risk**
Please see Risk Management Policy
## **- 9.8 Trustees Recruitment/Appointment**
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Where vacancies arise on the board of trustees, a public advert will be made outlining the role, time and skills required and the nature of what being a trustee means in full, in line with guidance by the Charities Commission.
Officers’ roles of the board are elected at the AGM.
## **10Fundraising Strategy**
## **10.1 General Funds**
The Trust will seek to increase fundraising levels on 2020-2021 and will seek to develop fundraising strategy to provide greater structure and long-term security. Grants and funding will be applied for as in previous years.
## **10.2 Trading**
The Trust trades on pre purchased, branded goods namely hoodies, pens, wristbands, mugs, coasters, tote bags and cards. Additionally, Ozzy the Elephant teddies (sent for free to children we support) which can be purchased alongside other animal teddies to plough back monies into the trust. These items are traded via our website www.theosbornetrust.com, eBay and on social media pages. Some branded merchandise is given to fundraising events and fundraisers for free to help raise awareness and funds for The Osborne Trust.
## **11Trustees Report**
## **Registered number: 1160073**
## **Trustees' responsibilities in relation to the financial statements**
The trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The Charity Commission requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United
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Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the situation of the charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- make judgements and estimates that are reasonable and prudent.
- observe the methods and principles in the Charities SORP;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charities transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charity Commissions requirements. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Disclosure of information to independent examiners**
Each person who was a Trustee at the time this report was approved confirms that:
- so far as she is aware, there is no relevant information of which the Charity's independent examiner is unaware; and
- she has taken all the steps that she ought to have taken as a Trustee to make herself aware of any relevant information and to establish that the Charity's independent examiner is aware of that information.
This report was approved by the board on 13 July 2021 and signed on its behalf.
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Clare Griffiths Chair of Board of Trustees
## **12Charity Information**
## **Trustees**
**----- Start of picture text -----**
Name Position Appointed Resigned
Clare Chair Trustee 7 th Dec 2014 N/A
Grifths
Emma CEO/Trustee 7 th Dec 2014 13 May 2021
Osborne
Helen Trustee 14th May N/A
Daniels 2021
Nicky Trustee 20th Feb 2018 N/A
Grayston
Anwen Maher Trustee 21st Nov 2019 N/A
Aimee Parker Treasurer/Trus 7 th Dec 2014 N/A
tee
Elizabeth Trustee 7 th Dec 2015 N/A
Owen
Sioned Trustee 21st Nov 2019 N/A
Davies
Angela Evans Secretary/Trus 20th Feb 2018 N/A
tee
**----- End of picture text -----**
## **Independent Examiner**
Michelle Ellis TJC Accounting Maes Y Gog Rhyl Denbighshire LL18 4QA
## **Registered Offices**
PO Box 349 Rhyl Denbighshire LL18 9HX
## **Registered Charity Number**
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1160073
## **13Independents Examiners Report**
Please see Unaudited Accounts Report
## **14Financial Statement**
## **14.1 Statement**
Please see Unaudited Accounts Report
## **14.2 Balance Sheet**
Please see Unaudited Accounts Report
## **14.3 Notes to Account**
For the year end June 30[th] , 2021
## **1- Summary of significant accounting polices Basis of preparation**
The financial statements have been prepared in accordance with 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) (efective 1January 2015) - (Charities SORP (FRS 102)).
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Income**
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants
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have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
For legacies, if applicable, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate.
Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the Charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of the provision of specified services it is deferred until the criteria for income recognition is met.
## **Donates services and facilities**
Donated professional services and donated facilities are recognised as income when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised based on the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.
## **Fund accounting**
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Unrestricted funds are available to spend on activities that further any of the purposes of Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for specific areas of the Charity's work or for specific projects being undertaken by the Charity.
## **Tangible fixed assets**
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write of the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
- Fixtures, fittings and equipment over 3 years
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount ofered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors**
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **14.5 Detailed proft and loss account**
## Please see Unaudited Accounts Report
## **Approved** Clare Griffiths
## **Signature**
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Date
131712 1
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THE OSBORNE TRUST Charity Number: 1160073 UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2021
**THE OSBORNE TRUST Charity Number: 1160073**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity Number:**
1160073
## **Correspondence Address:**
PO Box 349 Rhyl Denbighshire LL18 4FP
## **Trustees/Committee**
C Griffiths (Chairperson) E Osborne (Resigned 13 May 21) H Daniels (Appointed 14 May 21) L Owen A C Parker N Grayson A Maher S Davies A Evans
## **Independent Examiner**
M Ellis TJC Bookkeeping Solutions 3 Maes Y Gog Rhyl Denbighshire LL18 4QA
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## **THE OSBORNE TRUST Charity Number: 1160073**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021**
|**A1: INCOMING RESOURCES**
Fundraising
Donations
Sales
Restricted Grants Received
Unrestricted Grants Received
**A2: ASSET AND INVESTMENT SALES**
**Total incoming resources**
**A3: RESOURCES EXPENDED**
Fundraising Costs
Supplies (Ozzy)/Supporting Costs
Marketing
Website
Journals/Books
Family Activities
Lockdown Activities
Together Time
Subscription
Office Costs
Insurance
Accountancy
Postage
Staff Costs
Training
Trustee Expenses
Cost of sales
**Total Resources Expended**
**A4: ASSET AND INVESTMENT PURCHASES**|Restricted
Funds
£
21,346
21,346
5,006
2,097
2,207
518
10,134
19,962|Unrestricted
Funds
£
30,185
26,131
5,295
0
61,611
7,702
2,240
5,212
126
1,933
1,847
46
253
562
2,269
340
799
4,375
24,112
0
14
5,972
57,802||Total Funds
2021
£
30,185
26,131
5,295
21,346
0
82,957
7,702
2,240
5,212
126
6,939
3,944
2,253
771
562
2,269
340
799
4,375
34,246
0
14
5,972
77,764
0
0||Total
Funds
2020
£
35,144
34,721
2,437
36,267
0|
|---|---|---|---|---|---|---|
|||||||108,569|
|||||||5,185
8,175
8,605
135
1,594
7,042
2,584
6,200
562
1,186
312
816
4,886
32,998
0
68
5,179|
|||||||85,527|
|||||||143|
|||||||143|
3
## **THE OSBORNE TRUST Charity Number: 1160073**
|**OPERATING PROFIT / (LOSS)**
**Transfers between funds**
Balances Brought forward 1 July 2020
**Balances Brought forward 30 June 2021**
**B1: CASH FUNDS**
Current Account
**B2: OTHER MONETARY ASSETS**
**B3: INVESTMENT ASSETS**
**Total Current Assets**
**B4: ASSETS RETAINED FOR THE CHARITIES**
**OWN USE**
Office furniture
Photo Printer
Gazebo
Ipad Pro
IMac
Office furniture
**B5: LIABILITIES**||1,384
10,086
11,470
Restricted
Funds
£
11,470||3,809
95,114
98,923
Unrestricted
Funds
£
98,923
0
0
98,923
**Funds to**
**which asset**
**belongs**
Furniture &
Fixtures
Office Equipment
Furniture &
fixtures
Office Equipment
Office Equipment
Furniture &
fixtures
0
0||5,193
105,200
110,393
Total Funds
2021
£
110,393
0
0||22,899
82,301
105,200
Total Funds
2020
£
105,200
0
0
105,200
**Current**
**Value**
157
49
18
408
717
114
1,463
0
0|
|---|---|---|---|---|---|---|---|---|
|||11,470||||110,393|||
|||||||**Cost**
784
120
91
797
1,120
143|||
|||||||3,055|||
|||0||||0|||
|||0||||0|||
Signed by one (or two) trustees on behalf of all the trustees
**----- Start of picture text -----**
Signature: Signature:
Print Name Print Name:
Date of approval: Date of approval:
**----- End of picture text -----**
4
**THE OSBORNE TRUST Charity Number: 1160073**
## **INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 JUNE 2021**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE OSBORNE TRUST.**
I report on the financial statements of the charity for the year ended 30 June 2021 which are set out on pages 3 to 4.
## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER**
The Trustees of the charity are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under charity law and is eligible for independent examination, it is my responsibility to:
- examine the financial statements under section 145 of the Charities Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act; and
- 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 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the 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 financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER’S STATEMENT**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
**2.** to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**……………………………………………………………………..**
Michelle Ellis 3 Maes Y Gog Rhyl Denbighshire LL18 4QA Date: 14 November 2021
5
THE OSBORNE TRUST Charity Number: 1160073 UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2021
**THE OSBORNE TRUST Charity Number: 1160073**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity Number:**
1160073
## **Correspondence Address:**
PO Box 349 Rhyl Denbighshire LL18 4FP
## **Trustees/Committee**
C Griffiths (Chairperson) E Osborne (Resigned 13 May 21) H Daniels (Appointed 14 May 21) L Owen A C Parker N Grayson A Maher S Davies A Evans
## **Independent Examiner**
M Ellis TJC Bookkeeping Solutions 3 Maes Y Gog Rhyl Denbighshire LL18 4QA
2
## **THE OSBORNE TRUST Charity Number: 1160073**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021**
|**A1: INCOMING RESOURCES**
Fundraising
Donations
Sales
Restricted Grants Received
Unrestricted Grants Received
**A2: ASSET AND INVESTMENT SALES**
**Total incoming resources**
**A3: RESOURCES EXPENDED**
Fundraising Costs
Supplies (Ozzy)/Supporting Costs
Marketing
Website
Journals/Books
Family Activities
Lockdown Activities
Together Time
Subscription
Office Costs
Insurance
Accountancy
Postage
Staff Costs
Training
Trustee Expenses
Cost of sales
**Total Resources Expended**
**A4: ASSET AND INVESTMENT PURCHASES**|Restricted
Funds
£
21,346
21,346
5,006
2,097
2,207
518
10,134
19,962|Unrestricted
Funds
£
30,185
26,131
5,295
0
61,611
7,702
2,240
5,212
126
1,933
1,847
46
253
562
2,269
340
799
4,375
24,112
0
14
5,972
57,802||Total Funds
2021
£
30,185
26,131
5,295
21,346
0
82,957
7,702
2,240
5,212
126
6,939
3,944
2,253
771
562
2,269
340
799
4,375
34,246
0
14
5,972
77,764
0
0||Total
Funds
2020
£
35,144
34,721
2,437
36,267
0|
|---|---|---|---|---|---|---|
|||||||108,569|
|||||||5,185
8,175
8,605
135
1,594
7,042
2,584
6,200
562
1,186
312
816
4,886
32,998
0
68
5,179|
|||||||85,527|
|||||||143|
|||||||143|
3
## **THE OSBORNE TRUST Charity Number: 1160073**
|**OPERATING PROFIT / (LOSS)**
**Transfers between funds**
Balances Brought forward 1 July 2020
**Balances Brought forward 30 June 2021**
**B1: CASH FUNDS**
Current Account
**B2: OTHER MONETARY ASSETS**
**B3: INVESTMENT ASSETS**
**Total Current Assets**
**B4: ASSETS RETAINED FOR THE CHARITIES**
**OWN USE**
Office furniture
Photo Printer
Gazebo
Ipad Pro
IMac
Office furniture
**B5: LIABILITIES**||1,384
10,086
11,470
Restricted
Funds
£
11,470||3,809
95,114
98,923
Unrestricted
Funds
£
98,923
0
0
98,923
**Funds to**
**which asset**
**belongs**
Furniture &
Fixtures
Office Equipment
Furniture &
fixtures
Office Equipment
Office Equipment
Furniture &
fixtures
0
0||5,193
105,200
110,393
Total Funds
2021
£
110,393
0
0||22,899
82,301
105,200
Total Funds
2020
£
105,200
0
0
105,200
**Current**
**Value**
157
49
18
408
717
114
1,463
0
0|
|---|---|---|---|---|---|---|---|---|
|||11,470||||110,393|||
|||||||**Cost**
784
120
91
797
1,120
143|||
|||||||3,055|||
|||0||||0|||
|||0||||0|||
Signed by one (or two) trustees on behalf of all the trustees
**----- Start of picture text -----**
Signature: Signature:
Print Name Print Name:
Date of approval: Date of approval:
**----- End of picture text -----**
4
**THE OSBORNE TRUST Charity Number: 1160073**
## **INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 JUNE 2021**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE OSBORNE TRUST.**
I report on the financial statements of the charity for the year ended 30 June 2021 which are set out on pages 3 to 4.
## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER**
The Trustees of the charity are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under charity law and is eligible for independent examination, it is my responsibility to:
- examine the financial statements under section 145 of the Charities Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act; and
- 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 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the 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 financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER’S STATEMENT**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
**2.** to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**……………………………………………………………………..**
Michelle Ellis 3 Maes Y Gog Rhyl Denbighshire LL18 4QA Date: 14 November 2021
5