REGISTERED COMPANY NUMBER: CE007627 (England and Wales) REGISTERED CHARITY NUMBER: 1167827
Report of the Trustees
and
Financial Statements for the period 1 April 2022 to 31 March 2023
for
The Support Foundation
The Support Foundation
Contents of the Financial Statements for the Period 1 April 2022 to 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1-2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5-6 |
| Detailed Statement of Financial Activities | 7 |
The Support Foundation
Report of the Trustees for the Period 1 April 2022 to 31 March 2023
The trustees present their report with the financial statements of the charity for the period 1 April 2022 to 31 March 2023. 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 2015).
Objectives and Activities
The Support Foundation’s objectives are described as:
For the public benefit, to advance such charitable purposes (According to the Law of England and Wales) as the trustees see fit from time to time, by making grants to charities or other organisations and financially supporting exclusively charitable projects throughout England and Wales and India.
The Trustees are aware of the guidance issued by the Charities Commission with regard to public benefit and believe that this requirement is met by its objectives.
Financial Review and Reserves Policy
The charity has received donations in the year of £450. The trustees seek to make donations and grants to good causes when funds are available and thus do not look to hold significant sums in reserve.
Structure, Governance and Trustees
The Charity is a Charitable Incorporated Organisation (CIO) with an association Governing Document. This was registered on 24 June 2016.
The trustees serving during the period 1 April 2022 to 31 March 2023 are listed on page 2.
At any one time the constitution stipulates there should be a minimum of three Trustees and that apart from the first charity trustees, every trustee must be appointed for a minimum of three years.
Any charity trustee may call a meeting of the charity trustees. No decision shall be taken at a meeting unless a quorum is present at the time when the decision is taken.
Responsibility of Trustees for Accounts
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and regulations.
The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 1
The Support Foundation
Report of the Trustees
for the Period 1 April 2022 to 31 March 2023 …continued
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the provisions of the Charity’s constitution. They are also responsible for safe guarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reference and Administration Details
Registered Company number
CE007627 (England and Wales)
Registered Charity number
1167827
Registered office
238 Station Road Addlestone Surrey KT15 2PS
Trustees
J N Alflatt – appointed 24.6.16 M S Patel – appointed 24.6.16 A J Lane – appointed 24.6.16
This annual report of the Trustees, prepared under the Charities Act 2011, was approved by the Board of the Trustees on 5 December 2023 and signed on its behalf by:
A J Lane – Trustee
Page 2
The Support Foundation
| The Support Foundation | |
|---|---|
| Statement of Financial Activities for the Period 1 April 2022 to 31 March 2023 Income from: Donations Expenditure on: Grants made to organisations Governance costs Net income/(expenditure) Reconciliation of funds Total funds brought forward Total funds carried forward |
1.4.22 to 31.3.23 £ 1.4.21 to 31.3.22 £ 450 79,799 (15,120) (18,500) (37) (36) |
| (14,707) 18,536 141,273 80,010 |
|
| 126,566 141,273 |
Page 3
The Support Foundation
Balance Sheet
At 31 March 2023
| Notes Current Assets Cash at bank Current Liabilities Other creditors 3 Net current assets/(liabilities) Funds Unrestricted funds 4 Total funds |
1.4.22 to 31.3.23 £ 1.4.21 to 31.3.22 £ 129,555 144,262 (2,989) (2,989) |
|---|---|
| 126,566 141,273 126,566 141,273 |
|
| 126,566 141,273 |
The financial statements were approved by the Board of Trustees on 5 December 2023 and were signed on its behalf by:
A J Lane – Trustee
Page 4
The Support Foundation
Notes to the Financial Statements for the Period 1 April 2022 to 31 March 2023
1. Accounting Policies
Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis in accordance with the Charities SORP FRS 102 applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Expenditure
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Expended resources are, as far as possible, included in the period to which they relate. All expenditure is accounted for on an accruals basis and the majority is directly attributable to specific activities. Other indirect costs are apportioned to activities in accordance with staff activity and an assessment of where the resources have been applied.
Governance and support costs
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
Funds
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 if applicable.
2. Trustees’ remuneration and benefits
There were no trustees' remuneration or other benefits for the period ended 31 March 2023.
| 3. | Creditors | ||
|---|---|---|---|
| 1.4.22 to | 1.4.21 to | ||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Other Creditors | 2,989 | 2,989 |
Page 5
The Support Foundation
Notes to the Financial Statements for the Period 1 April 2022 to 31 March 2023 continued
4 Movement in Funds
| Unrestricted funds At 1 April 2022 Deficit for the period At 31 March 2023 |
1.4.22 to 31.3.23 141,273 (14,707) |
|---|---|
| 126,566 |
Page 6
The Support Foundation
Detailed Statement of Financial Activities for the Period 1 April 2022 to 31 March 2023
| Total Incoming from: Donations and legacies Total Income Expenditure on: Grants to organisations Bank charges Accountancy fees Other governance costs Total expenditure Net income (expenditure) |
1.4.22 to 31.3.23 1.4.21 to 31.3.22 £ £ 450 79,799 |
|---|---|
| 450 79,799 (15,120) (18,500) (2) (1) - - (35) (35) |
|
| (15,157) (18,536) |
|
| (14,707) 61,263 |
Page 7