REGISTERED CHARITY NUMBER: 1170047
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2020
for
Changes Tamworth
Amos Accountancy & Bookkeeping Services 31 West Street Swadlincote Derbyshire DE11 9DN
Changes Tamworth
Contents of the Financial Statements for the Year Ended 31 March 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
Changes Tamworth
Report of the Trustees
for the Year Ended 31 March 2020
The trustees present their report with the financial statements of the charity for the year ended 31 March 2020. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1170047
Principal address
1A King Sreet Tamworth B79 7DB
Trustees
K Kinsella (resigned 15.4.19) Mrs P Cocker Miss M Ross D Welland Miss L Hooper
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Mrs P Cocker - Trustee
Page 1
Changes Tamworth
Statement of Financial Activities for the Year Ended 31 March 2020
| 31.3.20 | 31.3.19 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Other trading activities | 2 | 38,767 | - | 38,767 | 20,305 |
| EXPENDITURE ON | |||||
| Raising funds | 3 | 3,000 | - | 3,000 | 4,963 |
| Charitable activities | |||||
| Expenses | 28,532 | - | 28,532 | 9,734 | |
| Total | 31,532 | - | 31,532 | 14,697 | |
| NET INCOME | 7,235 | - | 7,235 | 5,608 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 24,427 | - | 24,427 | 18,819 | |
| TOTAL FUNDS CARRIED FORWARD | 31,662 | - | 31,662 | 24,427 |
The notes form part of these financial statements
Page 2
Changes Tamworth
Balance Sheet
31 March 2020
| 31.3.20 | 31.3.19 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank | 33,333 | - | 33,333 | 26,098 | |
| CREDITORS | |||||
| Amounts falling due within one year | 6 | (1,671) | - | (1,671) | (1,671) |
| NET CURRENT ASSETS | 31,662 | - | 31,662 | 24,427 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 31,662 | - | 31,662 | 24,427 | |
| NET ASSETS | 31,662 | - | 31,662 | 24,427 | |
| FUNDS | 8 | ||||
| Unrestricted funds | 31,662 | 24,427 | |||
| TOTAL FUNDS | 31,662 | 24,427 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. P Cocker - Trustee
The notes form part of these financial statements
Page 3
Changes Tamworth
Notes to the Financial Statements for the Year Ended 31 March 2020
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.
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.
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. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.20 | 31.3.19 | |
| £ | £ | |
| Fundraising events | 38,767 | 20,305 |
continued...
Page 4
Changes Tamworth
Notes to the Financial Statements - continued for the Year Ended 31 March 2020
3. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 31.3.20 | 31.3.19 | |
| £ | £ | |
| Rent | 3,000 | 4,963 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2020 nor for the year ended 31 March 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2020 nor for the year ended 31 March 2019.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds fund £ £ INCOME AND ENDOWMENTS FROM Other trading activities 20,305 - EXPENDITURE ON Raising funds 4,963 - Charitable activities Expenses 9,734 - Total 14,697 - NET INCOME 5,608 - RECONCILIATION OF FUNDS Total funds brought forward 18,819 - TOTAL FUNDS CARRIED FORWARD 24,427 - |
Total funds £ 20,305 4,963 9,734 |
|---|---|
| 14,697 | |
| 5,608 18,819 |
|
| 24,427 |
Page 5
continued...
Changes Tamworth
| Notes to the Financial Statements-continued | Notes to the Financial Statements-continued | ||||
|---|---|---|---|---|---|
| for the | Year Ended 31 March 2020 | ||||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 31.3.20 | 31.3.19 | ||||
| £ | £ | ||||
| Other creditors | 1,671 | 1,671 | |||
| 7. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 31.3.20 | 31.3.19 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Other loans | 1,671 | 1,671 | |||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.4.19 | in funds | 31.3.20 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 24,427 | 7,235 | 31,662 | ||
| TOTAL FUNDS | 24,427 | 7,235 | 31,662 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 38,767 | (31,532) | 7,235 | ||
| TOTAL FUNDS | 38,767 | (31,532) | 7,235 | ||
| Comparatives for movement in funds | |||||
| Net | |||||
| movement | At | ||||
| At | 1.4.18 | in funds | 31.3.19 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 18,819 | 5,608 | 24,427 | ||
| TOTAL FUNDS | 18,819 | 5,608 | 24,427 |
Page 6
continued...
Changes Tamworth
Notes to the Financial Statements - continued for the Year Ended 31 March 2020
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,305 | (14,697) | 5,608 |
| TOTAL FUNDS | 20,305 | (14,697) | 5,608 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.18 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,819 | 12,843 | 31,662 |
| TOTAL FUNDS | 18,819 | 12,843 | 31,662 |
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 | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 59,072 | (46,229) | 12,843 |
| TOTAL FUNDS | 59,072 | (46,229) | 12,843 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2020.
Page 7
Changes Tamworth
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2020 | ||
| 31.3.20 | 31.3.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Fundraising events | 38,767 | 20,305 |
| Total incoming resources | 38,767 | 20,305 |
| EXPENDITURE | ||
| Investment management costs | ||
| Rent | 3,000 | 4,963 |
| Charitable activities | ||
| Rates and water | 278 | 714 |
| Insurance | 500 | 625 |
| Light and heat | 727 | 607 |
| Telephone | 673 | 438 |
| Postage and stationery | - | 29 |
| Advertising | - | 300 |
| Travel & Sundries | 366 | 713 |
| Motor | 742 | 981 |
| Miscellaneous | 440 | 180 |
| Professional fees | - | 40 |
| Cleaning | 4 | - |
| 3,730 | 4,627 | |
| Support costs | ||
| Management | ||
| Postage and stationery | 816 | 611 |
| Work wear | 45 | 115 |
| 861 | 726 | |
| Finance | ||
| Bank charges | 147 | 107 |
| Information technology | ||
| Repairs and renewals | 275 | 174 |
| Governance costs | ||
| Wages | 22,039 | 3,600 |
| Social security | 1,161 | - |
| Accountancy and legal fees | 319 | 500 |
| 23,519 | 4,100 | |
| Total resources expended | 31,532 | 14,697 |
| Net income | 7,235 | 5,608 |
This page does not form part of the statutory financial statements
Page 8
Changes Charlty Marth 2020 The charities trustee5 are responsible for the preparation of the accounts. The charlties trustees consider that an audit is not required for thi5 year under Section 144121 of the charities act 2011 and that an independent examination is needed. It Is my responslblllty to Examlne the accounts under sectlon 145 of the 2011 Att To follow the procedures laid down in the 8eneral direttions given by the charity commission under section 145151 b of the 2011 Aci; and State whether particular matters have come to my attention My examlnatlon was carrled out In accordance with the general directions given by the Charlty Commission. An examination includes a revlew of the accounting records kept by the charity and comparison of accounts presented wlthin those records. It also includes conslderatlon of any unusual items or disclosures in the accounts. and seeking explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that Would be required in an audit and consequently no opinion is given a5 to whether the accounls present a 'true and fair viev/ and the report is limited to those matters set out in the statement below. In connectlon wlth my examlnation, no matters have come to my attentlon; Thls glves me reasonable cause to believe that all material respects the requlrements below: To keep accountin8 records in accordance with the sectlon 130 of the 2011 Act,. and To prepare accounts which accord with the accounting records and comply with the accountin8 requirement5 of the 2011 Act Full Name- PMOS SIgnatu- Professional Body or qualification- Address- 81 Date- ai111