IAN PRATT MND FOUNDATION
Charity Registration Number 1167551
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
IAN PRATT MND FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees’ Report | 1 – 2 |
| Accountants’ Report | 3 |
| Receipts and Payments Account | 4 |
| Statement of Assets and Liabilities | 5 |
| Notes to the Financial Statements | 6 |
IAN PRATT MND FOUNDATION
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their report and financial statements for the year ended 31 December 2023.
The Trustees report has been prepared in accordance with the Ian Pratt MND Foundation’s (foundation) governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The financial statements have been prepared on a receipts and payments basis.
Objectives and Activities
The objective of Ian Pratt MND Foundation is to promote and protect the physical and mental health of sufferers of Motor Neurone Disease (MND) and their families by the provision of grants of financial assistance and to advance the education of the public by supporting research into Motor Neurone Disease (MND) and disseminating the useful results for public benefit.
We achieved a total income of £7,751 (2022: £29,124) from fund raising activities during the year to 31 December 2023. Expenditure was £27,557 (2022: £36,218) of which a £25,000 grant to SiTran Sheffield was for assistance to purchase research equipment and to assist further research. We propose to pay another £15,000 to SiTran from funds earned during the year.
The Trustees received advice from The Charity Commission during the formation of our Constitution document. Changes and recommendations were reflected therein. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustees consider the objectives and activities of the charity are of a public benefit.
There are a number of volunteers that raise awareness of, and funds for the foundation.
Achievements and Performance
The foundation has advanced the education of the public by continuing to raise awareness of the devastating effect of MND on those diagnosed.
The foundation promoted and protected the physical and mental health of sufferers of MND and their families by raising donations that will facilitate the provision of financial assistance in the coming years.
The foundation provided support and guidance to individuals.
Financial Review
The foundation had a cash balance of £27,488 (2022: £47,294) of which £15,000 (2022: £25,000) has been reserved for the SiTran grant, leaving £12,488 to be available to individual grant requests and operational costs in subsequent years.
The foundation Trustees decide on an appropriate reserve each year with approximately half of the available yearend balance being granted to research and the other half being retained for individual assistance requests.
The Trustees have no uncertainty about the foundation continuing as a going concern.
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IAN PRATT MND FOUNDATION
TRUSTEES’ REPORT (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, Governance and Management
The foundation is a Charitable Incorporated Organisation from 8 June 2016, whose only voting members are charity Trustees.
Apart from the first foundation Trustees, every Trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the foundation Trustees.
In selecting individuals for appointment as foundation Trustees, the foundation Trustees must have regard to skills, knowledge and experience needed for the effective administration of a CIO.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the foundation and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Report) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reference and Administrative Details
The foundation is registered with the Charity Commission and its registered number is 1167551.
Trustees Catherine Elizabeth McGaw-Pratt Karl Richardson (appointed 10.05.23) Sarah Elizabeth Lannie Richard Neil Dawson John Beardsmore
The Trustees’ report was approved by the Board of Trustees and signed on their behalf by
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………………………………
Chair
01/07/2024 Dated ………………………
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IAN PRATT MND FOUNDATION
CHARTERED ACCOUNTANTS’ REPORT TO THE TRUSTEES OF IAN PRATT MND FOUNDATION
FOR THE YEAR ENDED 31 DECEMBER 2023
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of the Ian Pratt MND Foundation for the year ended 31 December 2023, which comprise the receipts and payments account, statement of assets and liabilities 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 https://www.icaew.com/membership/regulations-standards-and-guidance.
This report is made to the charity’s trustees, as a body, in accordance with the terms of our engagement letter dated 11 May 2021. Our work has been undertaken solely to prepare for your approval of the financial statements of the Ian Pratt MND Foundation and state those matters that we have agreed to state to the charity’s trustees, as a body, in this report in accordance with ICAEW Technical Release 08/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Ian Pratt MND Foundation and the charity’s trustees as a body, for our work or for this report.
It is your duty to ensure that the Ian Pratt MND Foundation has kept adequate accounting records and to prepare financial statements in accordance with the receipts and payments basis. You consider that the Ian Pratt MND Foundation is exempt from the statutory audit requirements for the year, and is not required to obtain an independent examiner’s report.
We have not been instructed to carry out an audit or a review of the financial statements of the Ian Pratt MND Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given use and we do not, therefore, express any opinion on the statutory financial statements.
Dyke Yaxley Limited Chartered Accountants
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1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA
04/07/2024
Dated ………………….
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IAN PRATT MND FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
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----- Start of picture text -----
Unrestricted Funds
2023 2022
£ £
Receipts
Donations 7,751 29,124
Total receipts 7,751 29,124
Payments
Raising funds 885 831
Grants to individuals 1,500 -
Grants for research 25,000 30,000
Fundraising costs 172 5,387
Total payments 27,557 36,218
Net receipts/(payments) (19,806) (7,094)
Cash funds at 31 December 2022 / 2021 47,294 54,388
Cash funds at 31 December 2023 / 2022 27,488 47,294
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IAN PRATT MND FOUNDATION
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Cash Funds Cash at Bank and in hand Liabilities Fund to which liability relates SiTran MND Research Unrestricted |
Unrestricted Funds 2023 2022 £ £ 27,488 47,294 2023 2022 Amount due Amount due £15,000 £25,000 |
Unrestricted Funds 2023 2022 £ £ 27,488 47,294 2023 2022 Amount due Amount due £15,000 £25,000 |
|---|---|---|
| 2022 Amount due £25,000 |
01/07/2024
The financial statements were approved by the Trustees on ……………….
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……………………………. Trustee
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IAN PRATT MND FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Notes to the Financial Statements
1. Trustee Remuneration and expenses
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
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Document Activity Report
Document Sent Mon, 01 Jul 2024 14:22:17 GMT Document E-Sign Status E-Signed E-Sign Activity Summary Sarah Lannie E-Signed Audrey Williams E-Signed
Document Activity History
Document history shows most recent activity first
Date
Activity
Thu, 04 Jul 2024 15:21:16 GMT Audrey Williams Approved the document Mon, 01 Jul 2024 16:28:39 GMT Sarah Lannie viewed the document Mon, 01 Jul 2024 16:28:29 GMT Sarah Lannie viewed the document Mon, 01 Jul 2024 16:27:51 GMT Sarah Lannie Approved the document
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