REGISTERED COMPANY NUMBER: CE006275 (England and Wales) REGISTERED CHARITY NUMBER: 1166587
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 August 2021
for
Ratidzo Trust
A J Bennewith
A J Bennewith & Co Chartered Accountants 3 Wey Court Mary Road Guildford Surrey GU1 4QU
Ratidzo Trust
Contents of the Financial Statements For The Year Ended 31 August 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Ratidzo Trust
Report of the Trustees For The Year Ended 31 August 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 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 a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE006275 (England and Wales)
Registered Charity number
1166587
Registered office
41 Brunel Road Paignton TQ4 6HW
Trustees
Ms E Chiota P Lucas Mrs S Lucas E Jarman Mrs B Jarman R Jarman D Pardoe M Busby (appointed 16.6.22)
Independent Examiner
A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA A J Bennewith & Co Chartered Accountants 3 Wey Court Mary Road Guildford Surrey GU1 4QU
Approved by order of the board of trustees on 30 June 2022 and signed on its behalf by:
P Lucas - Trustee
Page 1
Independent Examiner's Report to the Trustees of Ratidzo Trust
Independent examiner's report to the trustees of Ratidzo Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
A J Bennewith & Co Chartered Accountants
3 Wey Court Mary Road Guildford Surrey GU1 4QU
30 June 2022
Page 2
Ratidzo Trust
Statement of Financial Activities For The Year Ended 31 August 2021
| 2021 Unrestricted Total fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 17,584 Other trading activities 2 1,011 Investment income 3 - Total 18,595 EXPENDITURE ON Raising funds - Charitable activities Community projects 18,328 Other 480 - |
2020 funds £ 10,577 609 1 11,187 670 8,988 |
|---|---|
Total 18,808 9,658
NET INCOME/(EXPENDITURE)
(213) 1,529
RECONCILIATION OF FUNDS
Total funds brought forward
2,460 931
TOTAL FUNDS CARRIED FORWARD
2,247 2,460
The notes form part of these financial statements
Page 3
The notes form part of these financial statements
Page 3
Ratidzo Trust
Balance Sheet 31 August 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | |||
| Total | |||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 6 | 3,776 | 4,691 |
| Cash at bank | 460 | 1,478 | |
| 4,236 | 6,169 |
CREDITORS
Amounts falling due within one year 7 (1,989) (3,709)
NET CURRENT ASSETS
2,247 2,460
TOTAL ASSETS LESS CURRENT LIABILITIES
2,247 2,460
NET ASSETS/(LIABILITIES)
2,247 2,460
FUNDS
9 Unrestricted funds 2,247 2,460
The notes form part of these financial statements
Page 4
TOTAL FUNDS 2,247 2,460
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
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 Lucas - Trustee
S Lucas - Trustee
The notes form part of these financial statements
Page 4
Ratidzo Trust
Notes to the Financial Statements For The Year Ended 31 August 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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 corporation 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. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Fundraising events | 1,011 | 609 | |
| 3. | INVESTMENT INCOME | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Deposit account interest | - | 1 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
continued...
Page 5
Ratidzo Trust
Notes to the Financial Statements - continued For The Year Ended 31 August 2021
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 10,577 |
| Other trading activities | 609 |
| Investment income | 1 |
| Total | 11,187 |
| EXPENDITURE ON | |
| Raising funds | 670 |
| Charitable activities | |
| Community projects | |
| 8,988 |
Total 9,658
NET INCOME
1,529
RECONCILIATION OF FUNDS
Total funds brought forward
931
TOTAL FUNDS CARRIED FORWARD
2,460
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other debtors | 1,907 | 1,222 |
| Loan to the Foundation | 1,269 | 2,269 |
| Prepayments and accrued income | 600 | 1,200 |
continued...
Page 6
| 3,776 | 4,691 | ||
|---|---|---|---|
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Other loans (see note 8) | 1,269 | 2,269 | |
| Accrued expenses | 720 | 1,440 | |
| 1,989 | 3,709 |
continued...
Page 6
Ratidzo Trust
Notes to the Financial Statements - continued For The Year Ended 31 August 2021
8. LOANS
An analysis of the maturity of loans is given below:
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due within one year on demand: | |||
| Other loans | 1,269 | 2,269 | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.9.20 | in funds | 31.8.21 | |
| £ | £ | £ |
9. MOVEMENT IN FUNDS
Unrestricted funds
General fund 2,460 (213) 2,247
TOTAL FUNDS
2,460 (213) 2,247
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
Unrestricted funds
General fund 18,595 (18,808) (213)
continued...
Page 7
| TOTAL FUNDS | ||||
|---|---|---|---|---|
| 18,595 | ||||
| (18,808) | ||||
| (213) | ||||
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.9.19 | in funds | 31.8.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | ||||
| 931 | ||||
| 1,529 | ||||
| 2,460 |
TOTAL FUNDS 931 1,529 2,460
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
Unrestricted funds General fund 11,187 (9,658) 1,529
continued...
Page 7
TOTAL FUNDS 11,187 (9,658) 1,529
continued...
Page 7
Ratidzo Trust
Notes to the Financial Statements - continued For The Year Ended 31 August 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net movement At At 1.9.19 in funds 31.8.21 £ £ £
Unrestricted funds
General fund 931 1,316 2,247
TOTAL FUNDS 931 1,316 2,247
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | ||||
| 29,782 | ||||
| (28,466) | ||||
| 1,316 |
TOTAL FUNDS 29,782 (28,466) 1,316
Page 8
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 8
Ratidzo Trust
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Fairs and stalls Charitable activities Telephone Advertising Project costs Travel & accommodation Grants to institutions Support costs Management Insurance 241 229 Accountancy 720 720 |
Detailed Statement of Financial Activities For The Year Ended 31 August 2021 2021 2020 £ £ 17,584 10,577 1,011 609 - 1 18,595 11,187 - 670 20 215 298 604 2,970 2,241 161 393 14,398 4,586 17,847 8,039 |
|---|---|
961 949
Total resources expended 18,808 9,658
Net (expenditure)/income
This page does not form part of the statutory financial statements
Page 9
(213) 1,529
This page does not form part of the statutory financial statements
Page 9