REGISTERED CHARITY NUMBER: 1168653
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for The Hydration Foundation
Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
The Hydration Foundation
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 6 |
| Detailed Statement of Financial Activities | 7 |
The Hydration Foundation
Report of the Trustees
for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number (England and Wales) CE008476
Registered Charity number 1168653
Registered Office 11 Elmdale Road Clifton Bristol BS8 1SL
Trustees M Moran M A Evans S A Travis
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a charitable incorporated organisation.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. M Moran - Trustee
Page 1
The Hydration Foundation
Statement of Financial Activities
for the Year Ended 31 March 2021
| 2021 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 44,139 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 2 216 Fundraising trading: cost of goods sold and other costs 3 80,031 Governance costs 2,340 Total resources expended 82,587 NET INCOMING/(OUTGOING) RESOURCES (38,448) RECONCILIATION OF FUNDS Total funds brought forward 105,373 TOTAL FUNDS CARRIED FORWARD 66,925 |
2020 Total funds £ 10,654 295 55,000 1,040 56,335 (45,681) 151,054 105,373 |
|---|---|
The notes form part of these financial statements
Page 2
The Hydration Foundation
Balance Sheet
At 31 March 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 116,075 CREDITORS Amounts falling due within one year 5 (400) NET CURRENT ASSETS 115,675 TOTAL ASSETS LESS CURRENT LIABILITIES 115,675 CREDITORS Amounts falling due after more than one year 6 (48,750) NET ASSETS 66,925 FUNDS 7 Unrestricted funds 66,925 TOTAL FUNDS 66,925 |
2020 Total funds £ 105,773 (400) 105,373 105,373 - 105,373 105,373 105,373 |
|---|---|
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
............................................. M Moran -Trustee
The notes form part of these financial statements
Page 3
The Hydration Foundation
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. COSTS OF GENERATING VOLUNTARY INCOME
| Subscriptions Support costs FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS Purchases Support costs |
2021 £ 216 - 216 2021 £ 80,000 31 80,031 |
2020 £ 216 79 295 2020 £ 55,000 - |
2020 £ 216 79 |
|---|---|---|---|
| 295 | |||
| 55,000 |
3. FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020 .
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other creditors | 400 | 400 |
Page 4
The Hydration Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Bank loans | 48,750 | - | |||
| 7. | MOVEMENT IN FUNDS | ||||
| Net movement | |||||
| At 1.4.20 | in funds | At 31.3.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 105,373 | (38,448) | 66,925 | ||
| TOTAL FUNDS | 105,373 | (38,448) | 66,925 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement in | |||
| resources | expended | funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 44,139 | (82,587) | (38,448) | ||
| TOTAL FUNDS | 44,139 | (82,587) | (38,448) | ||
| Comparatives for movement in funds | |||||
| Net movement | |||||
| At 1.4.19 | in funds | At 31.3.20 | |||
| £ | £ | £ | |||
| Unrestricted Funds | |||||
| General fund | 151,054 | (45,681) | 105,373 | ||
| TOTAL FUNDS | 151,054 | (45,681) | 105,373 | ||
| Comparative net movement in funds, included in the above are as | follows: | ||||
| Incoming | Resources | Movement in | |||
| resources | expended | funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 10,654 | (56,335) | (45,681) | ||
| TOTAL FUNDS | 10,654 | (56,335) | (45,681) | ||
| A current year 12 months and prior year 12 months combined position is as follows: | |||||
| Net movement | |||||
| At 1.4.19 | in funds | At 31.3.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 151,054 | (84,129) | 66,925 | ||
| TOTAL FUNDS | 151,054 | (84,129) | 66,925 |
Page 5
The Hydration Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,793 | (138,922) | (84,129) |
| TOTAL FUNDS | 54,793 | (138,922) | (84,129) |
Page 6
The Hydration Foundation
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| INCOMING RESOURCES Voluntary income Donations Grants Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Subscriptions Fundraising trading: cost of goods sold and other costs Purchases Governance costs Accountancy Fundraising and admin costs Support costs Finance Bank charges Total resources expended Net expenditure |
2021 £ 34,139 10,000 44,139 44,139 216 80,000 240 2,100 2,340 31 82,587 (38,448) |
2020 £ 10,654 - 10,654 10,654 216 55,000 240 800 1,040 79 56,335 (45,681) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 7