IAN PRATT MND FOUNDATION Charlty R•gl8tratlon Numbor 1167561 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMeNTS FOR THE YEAR ENDED 31 DECEMBER 2020
IAN PRATT MND FOUNDATION CONTENTS Pago Trustee8' Report Chartered kcountant's Report Recetpls and Payments Accounts ststement of Assets and Liabilities Notes to thè Aecounts
IAN PRATT MND FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Th8 Trustees pro$6nt their repcrt and financial statements for the year ended 310ecember 2020. Thg Trustee5 ptsrt has been prepared in accordance wrth the Chari8 governing document. the Charities Act 2011 and "Accounting and RerK)rting by Charities." Stat8m&nt of R8c£ffimended Practice aFplicable io ¢harilies preparing their accounts in accordance wrth the Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amendwj for accounting periods commencing from l January 2019>. The financial statements have been prepared on a receipts and payments basis. Objgctivos and A¢tivltl•s The objeclNe of lan Prott MND Foundation {the foundation) is to promote and protect the physKal and mental heamh of SLrffarers of Motor Nourone Disease IMND} and their families by tha provision of grants of financial assistance and to advance the education of the public by supporting Tesearch into Motor Neurone Disease {MND) and disswninallng the u8efLtI re8ulls public benofit. We a¢hwed a totsl incom• of £20.688 from fund raising activities during Ihg year 10 31 Decgmber 2(Y20. Expendrture was £40.789 of whKh a £35,C0 grant lo SiTr•n Sheffield. was for assistance lo purchase research equipment and lo assist further research. We propose lo pay another £32,000 to SiTran from fund8 eamed durin9 the year. The Trust recefved athice from The Charity Commissn during the fomiation of our Constitution document. Changes and recommendaivJns were reflectgj therein. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. There are a number of volunteer8 that ralse awarene68 of. and fvnds for the foundation. Achlovemonts and Pgrfomiane• The foundation has advan1 the education of the public by Continuing to raise awareness of the deva8tating gffect of MND on those diagnosed. The foundation promotsd and prolectad the physlcal and mental health of sUffer5 <rf Motor Nourone Diseasé IMND) and their famligs by rai¥ing donotions that wll facilitste the provbslon of financl$l WIStsn In the ¢Xing yeats. The Foundation provi(led 8UPPOrt and guidance to indNiduals. Fin•neiAI Rovl•w The foundation had a cash balance of £57.139 ofWhth £32,000 has been reseNed for the SiTran grant. leaving £25.139 to be available to indivldual grant requests and operational Gosts in subsequent years. The fouftdation Tru$tees decide on an appropriate reserve each year with around half of the available yearend balance being granted to research and the fest being retainod for individual assistance request. Th¢ Trustees h8ve no uncertainty about the foundabon rxJnlinuin9 as a going concern.
IAN PRATT MND FOUNDATION TRUSTEES, REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2020 Covid 19 Athough the Trustees have no uncertainty aboutthe found8t)n continuing a¥ a goirKJ ccrtem as all Truslees. fvndrai8er¥ and supporters are voluntsers, Covid 19 has sèverely restricted fundraising for the 2020 year and ihe exptation is that it will continue to do so for the 2021 year. Therefore, although the ftyjndation will continue lo provi¢Je SUPP¢)rt. this will have contintse to have a significant effect of Ihe level of funding available to provid8 further grants to SITran and individuals. strncture, Gov•rnan¢e and Management The foundation is a Charitable Incorporated Organi88lion from 8 ju 2016, whose only voting members a charity Trustees. part from the fir8tcharity Trustees. every Tnjstee must be apFointed for a lem of three years by a resolution passed at a properly convened meeting of the charity Trustee$. In selecting individuals for appointment as charity Trustees, the charrty Trustees mt have regard to skill&. knovAedge and experients needed for the effective administration of a CIO. The Trustees are responsible for keoping Sufflent acwunting recorrjs that di8closo wilh wsonable ac¢ura¢y at any limo the financtal F4)sition of the Trust and enable them to ensure that the accounts comply with the Charities aci 2011. th8 Charity (Accounts and Report) Regulatn$ 2008 and the provisions of the Trust de&J. They ale al80 responsible for safeguarding the assets of the Tru81 and hence for tsking reasonabb step$ for tho prevenlon and detection of fraud and other irregularili R•f•r•nc• and AdmIniStr•¥0 Dètsil The foundation iy reg8tered with the Ch8rty Commk89ion and rf3 registered number IB 1167551. Tru$tse8 lan Leslio Pratt ID¢¢8886d 201051201 Catherine Elizabeth McGaw-Pratt Kad Richardson Sarah Elizabeth Lannte Ernest Anthony RKhardson Carlo van Leeuwen Richard Neil Dawson The Trusts6s' report W46 approved by the Board of TnJsteg$ and signed on their bghaff by •4•orillVIY, Chairman Dated ..
IAN PRATh NIND FOUNDATION CHARTERED ACCOUNTANT'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 In orderto assfst you to your duties underthe Charities Act 2011, we have prepared for your approval the financial statements of lan Pratt MND Foundation for the year ended 31 December 2020. which comprise the receipts and payments atrA)unt, slatemenl ofassets 8nd Ilabillltes and relatsd notes from the charws accountlng records and from Infomiallon and explanatiorts you havg given us. As apr8¢U$ing member firn ol Ihe Institute of Chartered Accountants In England and Wales IICAEWI. we are subj8¢t to its ethical and other professional requirements whiGh are detailed at htt .'Ilwww.i¢aew.coMlmemLrshl re ulations-slandard$-and- urdan. This report Is m8de to the charity's trustees, as a body. in a¢¢ordance wllh the temis of our engagement letter dated 11 May 2021. Our work has been undertaken solely to Ppare for your approval of the financial statements of lan Pratt MND Foundation and state those matters that we have agreed lo state to the Ghar5ty'8 trustees. as a bo¢Jy, In thls repcrt in accordance with ICAEW Technical Release 08116 AAF. To the fvllest extent pemiitted by law, we do not accept or assume responsibilty to anyone other than lan Pratt MND Foundation and the charitvs trustees as a bcrfjy, for our work or for this report. It Is yourduty lo ensure that lan Pratt MND Foundation has kept adequate accounting records and to prepare financial statements in accordance wilh the re¢elpts and payments basis. You consider that lan Pratt MND FOundatn is exempt from Ihe statutory audit reqUIrnent for the year, and is not required lo obtsin an independént examiner's report. We have nol been instru¢led to carry out 8n audit or 8 review of the financial statements of lan Pratt MND Foundation. For this reason, we have nol verified the accuracy or ¢ompleteness of the a¢¢ounting records or infomiation and explanatKsns you have given to us and we do not, therefore, expffss any opinion on the ststulory financial statements. Dyk• Yaxley Limited 9 June 2021 Chartered Accountants 1 Brassey Rowj Old Potts Way Shrewsbury Shropshlre SY3 7FA
IAN PRATh MND FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestrieted Funds 2020 2019 R•¢olpt• Donations 20.686 50,269 Total re¢elpts 20,686 50,269 Paymonts Raising fvnds Grants to Individuals Grants for research 5,769 1,493 3.500 25,000 35,tyJO Total payments 40,769 29,993 Net (payments}I r•celpts (20.0831 20,276 Cash fvnds at 31 December 2019 12018 77,222 56,946 Cash funds at 31 Docomber 202012019 57,139 77.222
IAN PRATT MND FOUNDATION STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Unrn8trictod Fund$ 2020 2019 Ca8h Fund8 Cash at Bank and in harKI 57.139 77.222 2020 2019 Llabllttlo8 Fund to vthlth litibility relatos rnount due Mlh8ndue Amount d SITran MND Rearch Unrestricted 32,000 vithin 1 year 35,000 Thg financial statéments were approv&J by the Trustees on .
IAN PRA MND FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Notss to tho Financlal Statements TN$to0 Rwnuneralk•n and oxpon•o• None of thè Trustees (or any persons connected with them) r1¥ed any remunerali)n or benefrts from the ¢hanty during the year_