**REGISTERED CHARITY NUMBER: 1168621** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 August 2021** ## **for** ## **Mia Moo's Foundation** **Mia Moo's Foundation** ## **Contents of the Financial Statements for the Year Ended 31 August 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|9| **Mia Moo's Foundation** ## **Report of the Trustees for the Year Ended 31 August 2021** The trustees 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The principal activity of the charity is to raise funds to maintain and upkeep the holiday home within Butlins, Skegness, to provide holidays to children with cancer and their families to create those all important memories and receive well deserved respite away from hospital life. ## **Public benefit** The Trustees have due regard for the guidance published by the Charity Commission on public benefit and consider that all activities undertaken are in accordance with that guidance. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable and fundraising activities** During the accounting period the main activities in support of the objectives of the charity were a raffle and an online tombola. With Covid 19 restrictions eased, the charity restarted attending Summer fêtes. The holiday home is now also used by friends and family when unoccupied in order to raise additional funds.. The trustees were delighted and honoured to be supported by a number of individuals who take it upon themselves to raise funds through their own ideas and efforts. ## **FINANCIAL REVIEW** ## **Financial position** Total incoming resources of £4,591 (2020: £34,528) was received. After deducting expenditure of £9,287 (2020: £12,813) there was net expenditure of £4,696 (2020: net income of £21,715) for the year. As at 31 August 2021, the Charity had funds of £74,743 (2020: £79,439), all of which were unrestricted. ## **Reserves policy** The charity holds reserves of £74,743 as at 31 August 2021, £38,591 of which are held as fixed assets. The reserves that we have set aside provide financial stability and the means for the development of our principal activity. ## **FUTURE PLANS** The charity will continue to hold events and attend upcoming Summer fêtes to raise funds to cover the running costs, ground rent and maintenance of the holiday home. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its constitution dated 5 August 2016 and is a Charitable Incorporated Organisation. ## **Trustees** The trustees were appointed because they had the skills required by the Charity to achieve its objectives. All of the current trustees were appointed on registration. There are no plans at present to extend the number of trustees. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1168621 Page 1 **Mia Moo's Foundation** ## **Report of the Trustees** ## **for the Year Ended 31 August 2021** **Principal address** 17 Stoneleigh Way Leicester Leicestershire LE3 9TD ## **Trustees** Miss M Dodd Miss D Dodd J Dodd C Phipps S Green Approved by order of the board of trustees on 28 June 2022 and signed on its behalf by: Miss M Dodd - Trustee Page 2 **Mia Moo's Foundation** ## **Statement of Financial Activities** ## **for the Year Ended 31 August 2021** |||31.8.21|31.8.20| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||1,464|30,559| |Other trading activities|2|3,127|3,969| |**Total**||4,591|34,528| |**EXPENDITURE ON**|||| |Raising funds||1,246|2,548| |**Charitable activities**|3||| |Respite holidays||8,041|10,265| |**Total**||9,287|12,813| |**NET INCOME/(EXPENDITURE)**||(4,696)|21,715| |**RECONCILIATION OF FUNDS**|||| |**Total funds brought forward**||79,439|57,724| |**TOTAL FUNDS CARRIED FORWARD**||74,743|79,439| The notes form part of these financial statements Page 3 **Mia Moo's Foundation** ## **Balance Sheet** ## **31 August 2021** |31.8.21
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
38,591
**CURRENT ASSETS**
Debtors
9
2,238
Cash at bank and in hand
34,832
37,070
**CREDITORS**
Amounts falling due within one year
10
(918)
**NET CURRENT ASSETS**
36,152
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
74,743
**NET ASSETS**
74,743
**FUNDS**
11
Unrestricted funds
74,743
**TOTAL FUNDS**
74,743|31.8.20
Total
funds
£
43,819
-
36,100
36,100
(480)
35,620
79,439
79,439
79,439
79,439| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 28 June 2022 and were signed on its behalf by: M Dodd - Trustee The notes form part of these financial statements Page 4 **Mia Moo's Foundation** ## **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 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. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **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. ## **Allocation and apportionment of costs** During the years ended 31 August 2021 and 31 August 2020, all costs were 100% attributable to the Charity's sole activity, the provision of Respite holidays. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Holiday home - 10% on reducing balance Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Motor vehicles - 20% on reducing balance ## **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. Page 5 continued... **Mia Moo's Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2021** ## **1. ACCOUNTING POLICIES - continued** ## **Debtors** Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective rate of interest method, less any impairment. ## **Creditors** Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. ## **Going concern** After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements. ## **2. OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||31.8.21|31.8.20| ||£|£| |Fundraising events|2,327|3,969| |Rents received|800|-| ||3,127|3,969| ## **3. CHARITABLE ACTIVITIES COSTS** |**CHARITABLE ACTIVITIES COSTS**|| |---|---| ||Support| ||costs (see| ||note 4)| ||£| |Respite holidays|8,041| ## **4. SUPPORT COSTS** |**SUPPORT COSTS**|||| |---|---|---|---| |||Governance|| ||Management|costs|Totals| ||£|£|£| |Respite holidays|7,621|420|8,041| ## **5. 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. Page 6 continued... **Mia Moo's Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2021** ## **6. STAFF COSTS** There were no staff costs for the year ended 31 August 2021, nor for the year ended 31 August 2020, and therefore no employees received emoluments in excess of £60,000. ## **AVERAGE NUMBER OF EMPLOYEES** The average number of employees during the year was nil (2020 - nil). ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|30,559| |Other trading activities|3,969| |**Total**|34,528| |**EXPENDITURE ON**|| |Raising funds|2,548| |**Charitable activities**|| |Respite holidays|10,265| |**Total**|12,813| |**NET INCOME**|21,715| |**RECONCILIATION OF FUNDS**|| |**Total funds brought forward**|57,724| |**TOTAL FUNDS CARRIED FORWARD**|79,439| Page 7 continued... **Mia Moo's Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2021** ## **8. TANGIBLE FIXED ASSETS** |Fixtures
Holiday
Plant and
and
Motor
home
machinery
fittings
vehicles
£
£
£
£
**COST**
At 1 September 2020 and
31 August 2021
48,500
2,900
4,280
7,000
**DEPRECIATION**
At 1 September 2020
13,144
1,712
2,045
1,960
Charge for year
3,535
238
447
1,008
At 31 August 2021
16,679
1,950
2,492
2,968
**NET BOOK VALUE**
At 31 August 2021
31,821
950
1,788
4,032
At 31 August 2020
35,356
1,188
2,235
5,040
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.8.21
£
Other debtors
695
Prepayments
1,543
2,238
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.8.21
£
Trade creditors
498
Accrued expenses
420
918
**11.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.9.20
in funds
£
£
**Unrestricted funds**
General fund
79,439
(4,696)
**TOTAL FUNDS**
79,439
(4,696)|Totals
£
62,680| |---|---| ||18,861
5,228| ||24,089| ||38,591| ||43,819| ||31.8.20
£
-
-
-
31.8.20
£
-
480
480
At
31.8.21
£
74,743| ||74,743| Page 8 continued... **Mia Moo's Foundation** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2021** ## **11. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|4,591|(9,287)|(4,696)| |**TOTAL FUNDS**|4,591|(9,287)|(4,696)| ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| ||At 1.9.19|in funds|31.8.20| ||£|£|£| |**Unrestricted funds**|||| |General fund|57,724|21,715|79,439| |**TOTAL FUNDS**|57,724|21,715|79,439| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|34,528|(12,813)|21,715| |**TOTAL FUNDS**|34,528|(12,813)|21,715| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2021 nor for the year ended 31 August 2020. Page 9