2020-10-31-accounts - Raising Money For Good Causes

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REGISTERED COMPANY NUMBER: 09275446 (England and Wales)
REGISTERED CHARITY NUMBER: 1162765

`REPORT OF THE TRUSTEES AND`

`UNAUDITED FINANCIAL STATEMENTS`

`FOR THE YEAR ENDED 31ST OCTOBER 2020`

`FOR`

RAISING MONEY FOR GOOD CAUSES

GMP Audit Limited
20 Eversley Road
Bexhill on Sea
East Sussex
TN40 1HE

RAISING MONEY FOR GOOD CAUSES

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2020

	`Page`	`Page`
`Report of the Trustees`	`1 to`	`2`
`Independent Examiner's Report`	`3`
`Statement of Financial Activities`	`4`
`Balance Sheet`	`5`
`Notes to the Financial Statements`	`6 to`	`10`
`Detailed Statement of Financial Activities`	`11`

`RAISING MONEY FOR GOOD CAUSES`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2020`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stOctober2020. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The objectives of the charity are detailed in the articles of association.

`Public benefit`

ThetrusteeshavecompliedwiththeirdutyintheCharitiesActtohavedueregardtoguidelines issued
by the Charity Commission on public benefit.

`ACHIEVEMENT AND PERFORMANCE`

`Fundraising activities`

Thecharityorganisedsomeofitsracesduringtheyearandreceivedincomeof£27,158relating to
them however  other races were cancelled due to Covid19.

`FINANCIAL REVIEW`

`Financial position`

At 31 October 2020 the charity had reserves of £11,588 for future charitable donations.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesa limited
company, limited by guarantee, as defined by the Companies Act 2006.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Company number`

09275446 (England and Wales)

`Registered Charity number`

`Registered office`

20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

`Trustees`

L W Holdaway
Mrs S J Holdaway
D W C Baker

`Independent Examiner`

Daniel Edward Sallows FCA
GMP Audit Limited
20 Eversley Road
Bexhill on Sea
East Sussex
TN40 1HE

Page 1

`RAISING MONEY FOR GOOD CAUSES`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2020`

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15ofthe Companies
Act 2006 relating to small companies.

Approved by order of the board of trustees on 25th August 2021 and signed on its behalf by:

L W Holdaway - Trustee

Page 2

`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RAISING MONEY FOR GOOD CAUSES`

`Independent examiner's report to the trustees of Raising Money for Good Causes ('the Company')`

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31st October 2020.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw) you
areresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart 16
ofthe2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexamination of
yourcharity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act'). In
carryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommission under
section 145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. 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

4. 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)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexamination to
whichattentionshouldbedrawninthisreportinordertoenableaproperunderstandingof the
accounts to be reached.

Daniel Edward Sallows FCA
GMP Audit Limited
20 Eversley Road
Bexhill on Sea
East Sussex
TN40 1HE

31st August 2021

Page 3

`RAISING MONEY FOR GOOD CAUSES`

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2020`

`2020` `Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `1,217` `Other trading activities` `2` `27,158` `Total` `28,375` `EXPENDITURE ON` `Raising funds` `3` `24,740` `Charitable activities` `Donations` `5,046` `Total` `29,786` `NET INCOME/(EXPENDITURE)` `(1,411)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `12,999` `TOTAL FUNDS CARRIED FORWARD` `11,588`	`2019` `Total` `funds` `£` `3,591` `46,288`
	`49,879` `35,379` `2,700`
	`38,079`
	`11,800` `1,199`
	`12,999`

The notes form part of these financial statements

Page 4

`RAISING MONEY FOR GOOD CAUSES (REGISTERED NUMBER: 09275446)`

`BALANCE SHEET 31ST OCTOBER 2020`

2020
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
6
948
Cash at bank and in hand
28,572
29,520
CREDITORS
Amounts falling due within one year
7
(11,057)
NET CURRENT ASSETS
18,463
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,463
CREDITORS
Amounts falling due after more than one
year
8
(6,875)
NET ASSETS
11,588
FUNDS
10
Unrestricted funds
11,588
TOTAL FUNDS
11,588 2019
Total
funds
£
8,423
34,121
42,544
(29,545)
12,999
12,999
-
12,999
12,999
12,999

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompanies Act
2006 for the year ended 31st October 2020.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31st October 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(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.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to
charitable companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
25th August 2021 and were signed on its behalf by:

L W Holdaway - Trustee

The notes form part of these financial statements

Page 5

RAISING MONEY FOR GOOD CAUSES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2020

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunder FRS
102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhas entitlement
tothefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomic benefits
willberequiredinsettlementandtheamountoftheobligationcanbemeasured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributed to
particularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenoted as
a commitment but not accrued as expenditure.

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretion of
the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.

`2. OTHER TRADING ACTIVITIES`

`OTHER TRADING ACTIVITIES`
	`2020`	`2019`
	`£`	`£`
`Fundraising events`	`27,158`	`46,288`

continued...

Page 6

`RAISING MONEY FOR GOOD CAUSES`

`NOTES TO THE FINANCIAL STATEMENTS - continued`

`FOR THE YEAR ENDED 31ST OCTOBER 2020`

`3. RAISING FUNDS`

`Raising donations and legacies`

`Website and other costs` `Support costs` `Other trading activities` `Fundraising events costs` `Aggregate amounts`	`2020` `£` `1,398` `1,674` `3,072` `2020` `£` `21,668` `24,740`	`2019` `£` `3,331` `1,650` `4,981` `2019` `£` `30,398`	`2019` `£` `3,331` `1,650`
			`4,981`
		`35,379`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stOctober 2020
nor for the year ended 31st October 2019.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31stOctober2020norforthe year
ended 31st October 2019.

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`3,591`
`Other trading activities`	`46,288`
`Total`	`49,879`
`EXPENDITURE ON`
`Raising funds`	`35,379`
`Charitable activities`
`Donations`	`2,700`
`Total`	`38,079`
`NET INCOME`	`11,800`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`1,199`

continued...

Page 7

RAISING MONEY FOR GOOD CAUSES

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 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`
			`£`
	`TOTAL FUNDS CARRIED FORWARD`		`12,999`
`6.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
		`2020`	`2019`
		`£`	`£`
	`Prepayments`	`948`	`8,423`
`7.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
		`2020`	`2019`
		`£`	`£`
	`Bank loans and overdrafts (see note 9)`	`625`		`-`
	`Other creditors`	`3,799`	`7,083`
	`Accruals and deferred income`	`6,633`	`22,462`
		`11,057`	`29,545`
`8.`	`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`
		`2020`	`2019`
		`£`	`£`
	`Bank loans (see note 9)`	`6,875`		`-`
`9.`	`LOANS`
	`An analysis of the maturity of loans is given below:`
		`2020`	`2019`
		`£`	`£`
	`Amounts falling due within one year on demand:`
	`Bank loans`	`625`		`-`
	`Amounts falling between one and two years:`
	`Bank loans - 1-2 years`	`1,500`		`-`
	`Amounts falling due between two and five years:`
	`Bank loans - 2-5 years`	`4,500`		`-`
	`Amounts falling due in more than five years:`
	`Repayable by instalments:`
	`Bank loans more 5 yr by instal`	`875`		`-`

continued...

Page 8

RAISING MONEY FOR GOOD CAUSES

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2020`

`10. MOVEMENT IN FUNDS`

`At` `1/11/19` `£` `Unrestricted funds` `General fund` `12,999` `TOTAL FUNDS` `12,999` `Net movement in funds, included in the above are as follows:` `Incoming` `resources` `£` `Unrestricted funds` `General fund` `28,375` `TOTAL FUNDS` `28,375`	`Net` `movement` `At` `in funds` `31/10/20` `£` `£` `(1,411)` `11,588` `(1,411)` `11,588` `Resources` `Movement` `expended` `in funds` `£` `£` `(29,786)` `(1,411)` `(29,786)` `(1,411)`

`Comparatives for movement in funds`

		`Net`
	`At`	`movement`	`At`
	`1/11/18`	`in funds`	`31/10/19`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`1,199`	`11,800`	`12,999`
`TOTAL FUNDS`	`1,199`	`11,800`	`12,999`
`Comparative net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`49,879`	`(38,079)`	`11,800`
`TOTAL FUNDS`	`49,879`	`(38,079)`	`11,800`

continued...

Page 9

`RAISING MONEY FOR GOOD CAUSES`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST OCTOBER 2020`

`11. RELATED PARTY DISCLOSURES`

TheCharityhasaloanaccountwithThinkPCLimited,aCompanyunderthecontrolofone of
thetrustees.Theloanduetothatcompanyat31October2020was£3,606(2019- £4,134).
No interest is payable on the outstanding balance and there are no fixed terms for repayment.

Page 10

`RAISING MONEY FOR GOOD CAUSES`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`

`FOR THE YEAR ENDED 31ST OCTOBER 2020`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Donations` `Grants` `Other trading activities` `Fundraising events` `Total incoming resources` `EXPENDITURE` `Raising donations and legacies` `Website and other costs` `Other trading activities` `Direct costs` `Charitable activities` `Grants to institutions` `Support costs` `Finance` `Bank charges` `Bank loan interest` `Governance costs` `Accountancy and legal fees` `Total resources expended` `Net (expenditure)/income`	`2020` `£` `1,139` `78` `1,217` `27,158` `28,375` `1,398` `21,668` `4,979` `67` `78` `145` `1,596` `29,786` `(1,411)`	`2019` `£` `3,591` `-`
		`3,591` `46,288`
		`49,879` `3,331` `30,398` `2,700` `102` `-`
		`102` `1,548`
		`38,079`
		`11,800`

This page does not form part of the statutory financial statements

Page 11