REGISTERED CHARITY NUMBER: 1164073
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2021
for
The Ellie Penrose Fund
Harris Lacey and Swain Suite 1 The Riverside Building Hessle East Yorkshire HU13 0DZ
The Ellie Penrose Fund
Contents of the Financial Statements for the Year Ended 31 October 2021
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Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3
Notes to the Financial Statements 4 to 7
Detailed Statement of Financial Activities 8
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The Ellie Penrose Fund
Report of the Trustees for the Year Ended 31 October 2021
The trustees present their report with the financial statements of the charity for the year ended 31 October 2021. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1164073
Principal address
Eastgate House Newgate Street Cottingham HU16 4DZ
Trustees
T R Penrose P A Penrose M Penrose O W Penrose Miss G E Penrose K Jackson
Approved by order of the board of trustees on 30 June 2022 and signed on its behalf by:
P A Penrose - Trustee
Page 1
The Ellie Penrose Fund
Statement of Financial Activities for the Year Ended 31 October 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,871 EXPENDITURE ON Charitable activities Grants to individuals - NET INCOME 2,871 RECONCILIATION OF FUNDS Total funds brought forward 136,244 TOTAL FUNDS CARRIED FORWARD 139,115 |
2020 Total funds £ 6,624 1,135 5,489 130,755 |
|---|---|
| 136,244 |
The notes form part of these financial statements
Page 2
The Ellie Penrose Fund
Balance Sheet 31 October 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Debtors 4 640 Cash at bank 138,475 139,115 NET CURRENT ASSETS 139,115 TOTAL ASSETS LESS CURRENT LIABILITIES 139,115 NET ASSETS 139,115 FUNDS 5 Unrestricted funds 139,115 TOTAL FUNDS 139,115 |
2020 Total funds £ 883 135,361 136,244 136,244 136,244 136,244 |
|---|---|
| 136,244 136,244 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2022 and were signed on its behalf by:
P A Penrose - Trustee
The notes form part of these financial statements
Page 3
The Ellie Penrose Fund
Notes to the Financial Statements for the Year Ended 31 October 2021
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year ended 31 October 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2021 nor for the year ended 31 October 2020.
continued...
Page 4
The Ellie Penrose Fund
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Grants to individuals NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 5. MOVEMENT IN FUNDS At 1.11.20 £ Unrestricted funds General fund 136,244 TOTAL FUNDS 136,244 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 2,871 TOTAL FUNDS 2,871 |
Unrestricted fund £ 6,624 1,135 5,489 130,755 136,244 2021 2020 £ £ 640 883 Net movement At in funds 31.10.21 £ £ 2,871 139,115 2,871 139,115 Resources Movement expended in funds £ £ - 2,871 - 2,871 |
|---|---|
continued...
Page 5
The Ellie Penrose Fund
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.19 £ 130,755 130,755 |
Net movement in funds £ 5,489 5,489 |
At 31.10.20 £ 136,244 136,244 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 6,624 (1,135) |
Movement in funds £ 5,489 |
|---|---|---|
| TOTAL FUNDS | 6,624 (1,135) |
5,489 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.19 £ 130,755 130,755 |
Net movement in funds £ 8,360 8,360 |
At 31.10.21 £ 139,115 139,115 |
|---|---|---|---|
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 £ £ 9,495 (1,135) |
Movement in funds £ 8,360 |
|---|---|---|
| TOTAL FUNDS | 9,495 (1,135) |
8,360 |
continued...
Page 6
The Ellie Penrose Fund
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2021.
Page 7
The Ellie Penrose Fund
Detailed Statement of Financial Activities for the Year Ended 31 October 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations |
2021 2020 £ £ 2,871 6,624 |
|---|---|
| Total incoming resources EXPENDITURE Charitable activities Grants |
2,871 6,624 - 1,135 |
| Total resources expended | - 1,135 |
| Net income | 2,871 5,489 |
This page does not form part of the statutory financial statements
Page 8