REGISTERED CHARITY NUMBER: 1168621
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2022
for
Mia Moo's Foundation
Mia Moo's Foundation
Contents of the Financial Statements for the Year Ended 31 August 2022
| 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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 charity dinner at the Chef & Spice restaurant in Leicester and attending various Summer fêtes in the area. 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 £6,108 (2021: £4,591) was received. After deducting expenditure of £16,025 (2021: £9,287) there was net expenditure of £9,917 (2021: net expenditure of £4,696) for the year.
As at 31 August 2022, the Charity had funds of £64,826 (2021: £74,743), all of which were unrestricted.
Reserves policy
The charity holds reserves of £64,826 as at 31 August 2022, £34,638 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 2022
Principal address 17 Stoneleigh Way Leicester Leicestershire LE3 9TD
Trustees
Miss M Dodd Miss D Dodd J Dodd C Phipps S Green (resigned 1.12.22) G Watson (appointed 1.1.23) Mrs I Hearst (appointed 1.1.23) Miss S Clarke (appointed 1.1.23) Approved by order of the board of trustees on 30 June 2023 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 2022
| 31.8.22 | 31.8.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 1,694 | 1,464 | |
| Other trading activities | 2 | 4,414 | 3,127 |
| Total | 6,108 | 4,591 | |
| EXPENDITURE ON | |||
| Raising funds | 2,312 | 1,246 | |
| Charitable activities | 3 | ||
| Respite holidays | 13,713 | 8,041 | |
| Total | 16,025 | 9,287 | |
| NET INCOME/(EXPENDITURE) | (9,917) | (4,696) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 74,743 | 79,439 | |
| TOTAL FUNDS CARRIED FORWARD | 64,826 | 74,743 |
The notes form part of these financial statements
Page 3
Mia Moo's Foundation
Balance Sheet
31 August 2022
| 31.8.22 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 34,638 CURRENT ASSETS Debtors 9 2,072 Cash at bank and in hand 28,906 30,978 CREDITORS Amounts falling due within one year 10 (790) NET CURRENT ASSETS 30,188 TOTAL ASSETS LESS CURRENT LIABILITIES 64,826 NET ASSETS 64,826 FUNDS 11 Unrestricted funds 64,826 TOTAL FUNDS 64,826 |
31.8.21 Total funds £ 38,591 2,238 34,832 37,070 (918) 36,152 74,743 74,743 74,743 74,743 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2023 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 2022
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 2022 and 31 August 2021, 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.
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Mia Moo's Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
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 | ||
|---|---|---|
| 31.8.22 | 31.8.21 | |
| £ | £ | |
| Fundraising events | 2,314 | 2,327 |
| Rents received | 2,100 | 800 |
| 4,414 | 3,127 |
3. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |
|---|---|
| Support | |
| costs (see | |
| note 4) | |
| £ | |
| Respite holidays | 13,713 |
4. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Respite holidays | 13,293 | 420 | 13,713 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
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Mia Moo's Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
6. STAFF COSTS
There were no staff costs for the year ended 31 August 2022, nor for the year ended 31 August 2021, 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 (2021 - nil).
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 1,464 |
| Other trading activities | 3,127 |
| Total | 4,591 |
| EXPENDITURE ON | |
| Raising funds | 1,246 |
| Charitable activities | |
| Respite holidays | 8,041 |
| Total | 9,287 |
| NET INCOME/(EXPENDITURE) | (4,696) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 79,439 |
| TOTAL FUNDS CARRIED FORWARD | 74,743 |
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Mia Moo's Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
| 8. TANGIBLE FIXED ASSETS Fixtures Holiday Plant and and Motor home machinery fittings vehicles £ £ £ £ COST At 1 September 2021 48,500 2,900 4,280 7,000 Additions - - 728 - At 31 August 2022 48,500 2,900 5,008 7,000 DEPRECIATION At 1 September 2021 16,679 1,950 2,492 2,968 Charge for year 3,182 190 503 806 At 31 August 2022 19,861 2,140 2,995 3,774 NET BOOK VALUE At 31 August 2022 28,639 760 2,013 3,226 At 31 August 2021 31,821 950 1,788 4,032 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.22 £ Other debtors 250 Prepayments 1,822 2,072 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.22 £ Trade creditors 370 Accrued expenses 420 790 11. MOVEMENT IN FUNDS Net movement At 1.9.21 in funds £ £ Unrestricted funds General fund 74,743 (9,917) TOTAL FUNDS 74,743 (9,917) |
Totals £ 62,680 728 |
|---|---|
| 63,408 | |
| 24,089 4,681 |
|
| 28,770 | |
| 34,638 | |
| 38,591 | |
| 31.8.21 £ 695 1,543 2,238 31.8.21 £ 498 420 918 At 31.8.22 £ 64,826 |
|
| 64,826 |
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Mia Moo's Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
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 | 6,108 | (16,025) | (9,917) |
| TOTAL FUNDS | 6,108 | (16,025) | (9,917) |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.20 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 79,439 | (4,696) | 74,743 |
| TOTAL FUNDS | 79,439 | (4,696) | 74,743 |
| Comparative 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) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022 nor for the year ended 31 August 2021.
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