CHARITY NUMBER:
1171335
Mothers Summit Foundation
Report of the Trustees and Unaudited Financial Statements
for the year ended 31 March 2022
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Mothers Summit Foundation Report of the Trustees For the year ended 31 March 2022
Reference and administrative details
Registered Charity number: 1171335
Principal address: Aurora House Deltic Avenue Rooksley Milton Keynes MK13 8LW
Governing document
The charity is controlled by its governing documents, a CIO Foundation Constitution.
Recruitment and appointment of trustees
The management of the charity is the responsibility of the Trustees. There have been no new trustees appointed during the year. Training relevant to the Charities objectives is provided to Trustees in the course of the year.
Risk management:
The trustees have a duty to identify and review the risks to which the Charity is exposed, and appropriate controls are in place to provide reasonable assurance against trend and error.
Objectives and activities
-
The relief of those in need by reason of being women, widows, orphans or children from a low income background.
-
The relief of sickness and promotion of good health of children.
Achievement and performance
The Charity’s planned activities have been impacted by the COVID 19 pandemic.
Future Developments
The charity continues to review future activities while bearing in mind the current world events – mainly COVID 19.
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Mothers Summit Foundation Report of the Trustees For the year ended 31 March 2022
Objectives and activities (continued)
Financial Review
Reserves policy
The Trustees are aware of the requirement to have a reserve policy in place and are currently reviewing the best way of documenting a formal policy that meets the specific circumstances of the charity.
Principal funding sources
Currently, the principal funding sources of the charity are from donations made by its volunteers and members.
On behalf of the Board:
Adebola Agboola 3 November 2022
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Mothers Summit Foundation Report of the Trustees For the year ended 31 March 2022
| Incoming resources Voluntary income Total incoming resources Resources expended Costs of generating voluntary income Charitable costs Total resources expended Total funds Reconciliation of funds Total funds brought forward Total funds carried forward |
2022 £ - - (84) - (84) (84) 7,850 7,766 |
2021 £ - |
|---|---|---|
| - | ||
| (185) - |
||
| (185) (185) 8,035 |
||
| 7,850 |
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Mothers Summit Foundation Balance Sheet as at 31 March 2022
| Current assets Cash Current liabilities falling within one year Net current assets Total assets Unrestricted funds |
2022 £ 7,766 - 7,766 7,766 7,766 |
2021 £ 7,850 - |
|---|---|---|
| 7,850 | ||
| 7,850 | ||
| 7,850 |
The financial statements were approved by the Board of Trustees on 3 November 2022 and signed on their behalf by:
Adebola Agboola
The notes on page 6 form part of these financial statements
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Mothers Summit Foundation Notes to the Financial Statements For the year ended 31 March 2022
1. Incoming resources
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.
Voluntary income relates to voluntary unrestricted donations.
2. Resources expended
Details of resources expended are shown below:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Admin charges | - | (100) |
| Bank charges | (84) | (85) |
3. Staff costs
There were no employees during the year.
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