Charity Commission Annual Report for the Teddy Trust – 1164044
1[st] April 2020 – 31[st] March 2021
We had very limited activity for this year due to the lockdowns. However, we did manage to send 1,266 teddies to the Yazidi Emergency Support group on the 15[th] June 2020 and also another 2,350 teddies to the same group in the 20[th] July 2020. In addition to this we were also able to send out 140 teddies to Physionet in October of 202 and another 495 teddies to children in Cape Town through Rotary Hout Bay on the 4[th] December 2020.
We asked all our supporters not to send any teddies during the lockdowns.
We had no further activity until the 17[th] May 2021.
Ellie Somme – Trustee and Founder of the Teddy Trust
CHARITY REGISTRATION NUMBER: 1164044
Teddy Trust Unaudited Financial Statements
31 March 2021
PAUL PHILLIS & CO LIMITED
Chartered accountants 11a Corelli Street Newport South Wales NP19 7AR
Teddy Trust
Financial Statements
Year ended 31 March 2021
| Pages | |
|---|---|
| Trustees' annual report | 1 to 2 |
| Chartered accountant's report to Teddy Trust on the unaudited | |
| financial information | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 to 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 10 |
Teddy Trust
Trustees' Annual Report
Year ended 31 March 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
Reference and administrative details
| Registered charity name | Teddy Trust | |
|---|---|---|
| Charity registration number | 1164044 | |
| Principal office | Pudding Cottage | |
| Eardisley | ||
| HEREFORD | ||
| HR3 6LT | ||
| The trustees | Mrs E. Somme | |
| Mr D.A. Thompson | (Appointed 1 July 2020) | |
| Mr A. Douglas | ||
| Miss D.K. Murray | ||
| Accountants | Paul Phillis & Co Limited | |
| Chartered accountants | ||
| 11a Corelli Street | ||
| Newport | ||
| South Wales | ||
| NP19 7AR |
Structure, governance and management
The charity is a charitable incorporated organisation (CIO) and was incorporated and registered with the Charity Commission on 21st October 2015.
Objectives and activities
The objects of the CIO are the relief of traumatised children in countries with an identified need, by the collection of suitable teddies and other soft toys in the UK and distributing these directly to the children concerned.
Achievements and performance
The main objectives of the company continued to be the relief of traumatised children in countries with an identified need.
Financial review
The financial performance of the charity is set out in the Statement of Financial Activities on page 3.
1
Teddy Trust
Trustees' Annual Report (continued)
Year ended 31 March 2021
The trustees' annual report was approved on 28 January 2022 and signed on behalf of the board of trustees by:
Mrs E. Somme Trustee
2
Teddy Trust
Chartered Accountant's Report to Teddy Trust on the Unaudited Financial Information of Teddy Trust
Year ended 31 March 2021
In accordance with the engagement letter dated 19 January 2022, we have prepared for your approval the financial information of Teddy Trust for the year ended 31 March 2021, which comprise the statement of financial activities, statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the board of trustees of Teddy Trust, as a body, in accordance with the terms of our engagement letter dated 19 January 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Teddy Trust and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release TECH08/16AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teddy Trust and its board of trustees, as a body, for our work or for this report.
You have approved the financial information for the year and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information.
Paul Phillis & Co Limited Chartered accountants
11a Corelli Street Newport South Wales NP19 7AR
Date:
3
Teddy Trust
Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 3,903 | 3,903 | 10,256 |
| ----------------------- | ----------------------- | ---------------------------- | ||
| Total income | 3,903 | 3,903 | 10,256 | |
| ======================= | ======================= | ============================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations and legacies | 5 | 2,389 | 2,389 | 7,392 |
| ----------------------- | ----------------------- | ---------------------------- | ||
| Total expenditure | 2,389 | 2,389 | 7,392 | |
| ======================= | ======================= | ============================ | ||
| ----------------------- | ----------------------- | ---------------------------- | ||
| Net income and net movement in funds | 1,514 | 1,514 | 2,864 | |
| ======================= | ======================= | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 5,181 | 5,181 | 2,317 | |
| ----------------------- | ----------------------- | ---------------------------- | ||
| Total funds carried forward | 6,695 | 6,695 | 5,181 | |
| ======================= | ======================= | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 8 form part of these financial statements.
4
Teddy Trust
Statement of Financial Position
31 March 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Debtors | 8 | – | 51 |
| Cash at bank and in hand | 6,695 | 5,130 | |
| ----------------------- | ----------------------- | ||
| 6,695 | 5,181 | ||
| ----------------------- | ----------------------- | ||
| Net current assets | 6,695 | 5,181 | |
| ----------------------- | ----------------------- | ||
| Total assets less current liabilities | 6,695 | 5,181 | |
| ======================= | ======================= | ||
| Funds of the charity | |||
| Unrestricted funds | 6,695 | 5,181 | |
| ----------------------- | ----------------------- | ||
| Total charity funds | 9 | 6,695 ======================= |
5,181 ======================= |
These financial statements were approved by the board of trustees and authorised for issue on 28 January 2022, and are signed on behalf of the board by:
Mrs E. Somme Trustee
Miss D.K. Murray Trustee
The notes on pages 6 to 8 form part of these financial statements.
5
Teddy Trust
Notes to the Financial Statements
Year ended 31 March 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Pudding Cottage, Eardisley, HEREFORD, HR3 6LT.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT,as the entity is not VAT registered, and is classified under headings of the statement of financial activities to which it relates:
6
Teddy Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 3,903 | 3,903 | 2,981 | 2,981 |
| Fundraising events | – | – | 6,525 | 6,525 |
| Grants | ||||
| Grants receivable | – | – | 750 | 750 |
| ----------------------- | ----------------------- | ---------------------------- | ---------------------------- | |
| 3,903 ======================= |
3,903 ======================= |
10,256 ============================ |
10,256 ============================ |
5. Costs of raising donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Costs of raising donations and | ||||
| legacies - Donations | 2,389 | 2,389 | 7,392 | 7,392 |
| ======================= | ======================= | ======================= | ======================= |
6. Staff costs
The average head count of employees during the year was Nil (2020: Nil).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
7. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
7
Teddy Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2021
8. Debtors
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments | – | 51 | ||
| ============== | ============== | |||
| Analysis of charitable funds | ||||
| Unrestricted funds | ||||
| At | ||||
| At | 31 March 20 | |||
| 1 April 2020 | Income | Expenditure | 21 | |
| £ | £ | £ | £ | |
| General funds | 5,181 | 3,903 | (2,389) | 6,695 |
| ======================= | ======================= | ======================= | ======================= | |
| At | ||||
| At | 31 March 20 | |||
| 1 April 2019 | Income | Expenditure | 20 | |
| £ | £ | £ | £ | |
| General funds | 2,317 | 10,256 | (7,392) | 5,181 |
| ======================= | ============================ | ======================= | ======================= | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| £ | £ | |||
| Current assets | 6,695 | 6,695 | ||
| ======================= | ======================= | |||
| Unrestricted | Total Funds | |||
| Funds | 2020 | |||
| £ | £ | |||
| Current assets | 5,181 | 5,181 | ||
| ======================= | ======================= |
9. Analysis of charitable funds
Unrestricted funds
10. Analysis of net assets between funds
8
Teddy Trust
Management Information
Year ended 31 March 2021
The following pages do not form part of the financial statements.
9
Teddy Trust
Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 3,903 | 2,981 |
| Fundraising events | – | 6,525 |
| Grants receivable | – | 750 |
| ----------------------- | ---------------------------- | |
| 3,903 | 10,256 | |
| ----------------------- | ---------------------------- | |
| ----------------------- | ---------------------------- | |
| Total income | 3,903 | 10,256 |
| ======================= | ============================ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Shipping and transport | 1,579 | 5,931 |
| Rent | 600 | 600 |
| Insurance | 181 | 171 |
| Telephone | 20 | – |
| Other office costs | 9 | 369 |
| Advertising and marketing | – | 321 |
| ----------------------- | ---------------------------- | |
| 2,389 | 7,392 | |
| ----------------------- | ---------------------------- | |
| ----------------------- | ----------------------- | |
| Total expenditure | 2,389 | 7,392 |
| ======================= | ======================= | |
| ----------------------- | ----------------------- | |
| Net income | 1,514 | 2,864 |
| ======================= | ======================= |
10