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REGISTERED CHARITY NUMBER: 1172301
THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
DocuSign Envelope ID: 3B77CE21-467E-48DD-8C3E-0DD8A817C2DD
THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021
The trustees present their report with the financial statements of the charity for the year ended 5 April 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).
The Charity is a Charitable Incorporated Organisation (CIO) governed according to the Constitution dated 28 March 2017. It was established to take forward the work of the Unincorporated Association registered charity number 1172301.
The CIO's annual reports are published on the Charity Commission Website, with effect from the year ending 5 April 2018.
The CIO is an independent charity.
FINANCIAL REVIEW
The results for the period and financial position are set out in the Statement of Financial Activities on page 3 and the Balance Sheet on page 4. Net income for period, before gains/(losses) on investments, was £134,066 (2020 £168,499). Total unrestricted income funds carried forward as at 5 April 2021 were £614,266 (2020 £359,752).
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
1172301
Principal address
44 Winnington Hill Northwich Cheshire CW8 1AU
Trustees
P M Bracegirdle D Thomson J M Bracegirdle
Independent Examiner
Murray Smith LLP Chartered Accountants Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU
11-01-2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ P M Bracegirdle - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
Independent examiner's report to the trustees of The Martyn Bracegirdle Charitable Foundation
I report to the charity trustees on my examination of the accounts of The Martyn Bracegirdle Charitable Foundation (the Trust) for the year ended 5 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Benson Murray Smith LLP Chartered Accountants Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU 11-01-2022 Date: .............................................
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 150,121 Investment income 2 2,860 Total 152,981 EXPENDITURE ON Raising funds 3 743 Charitable activities 4 Charitable donations 17,400 Other 772 Total 18,915 Net gains/(losses) on investments 120,448 NET INCOME 254,514 RECONCILIATION OF FUNDS Total funds brought forward 359,752 TOTAL FUNDS CARRIED FORWARD 614,266 |
2020 Total funds £ 165,199 7,485 172,684 235 3,038 912 4,185 (62,992) 105,507 254,245 359,752 |
|---|---|
The notes form part of these financial statements
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
BALANCE SHEET 5 APRIL 2021
| Notes FIXED ASSETS Investments 7 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 586,667 28,161 (562) 27,599 614,266 614,266 614,266 614,266 |
2020 Total funds £ 328,602 31,750 (600) 31,150 359,752 359,752 359,752 359,752 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 11-01-2022............................................. and were signed on its behalf by:
............................................. P M Bracegirdle - Trustee
The notes form part of these financial statements
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Dividends received | 2,860 | 7,485 |
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021
3. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Support costs | 743 | 235 |
| CHARITABLE ACTIVITIES COSTS | ||
| Direct | ||
| Costs | ||
| £ | ||
| Charitable donations | 17,400 |
4. CHARITABLE ACTIVITIES COSTS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2021 nor for the year ended 5 April 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 165,199 | |
| Investment income | 7,485 | |
| Total | 172,684 | |
| EXPENDITURE ON | ||
| Raising funds | 235 | |
| Charitable activities | ||
| Charitable donations | 3,038 | |
| Other | 912 | |
| Total | 4,185 | |
| Net gains/(losses) on investments | (62,992) | |
| NET INCOME | 105,507 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 254,245 | |
| TOTAL FUNDS CARRIED FORWARD | 359,752 | |
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021
7. FIXED ASSET INVESTMENTS
| Listed investments £ MARKET VALUE At 6 April 2020 316,591 Additions 105,407 Disposals (48,302) Revaluations 120,448 At 5 April 2021 494,144 NET BOOK VALUE At 5 April 2021 494,144 At 5 April 2020 316,591 There were no investment assets outside the UK. 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 9. MOVEMENT IN FUNDS At 6.4.20 £ Unrestricted funds General fund 359,752 TOTAL FUNDS 359,752 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 152,981 (18,915) TOTAL FUNDS 152,981 (18,915) |
Cash and settlements pending Totals £ £ 12,011 328,602 186,662 292,069 (106,150) (154,452) - 120,448 92,523 586,667 92,523 586,667 12,011 328,602 2021 2020 £ £ 562 600 Net movement At in funds 5.4.21 £ £ 254,514 614,266 254,514 614,266 Gains and Movement losses in funds £ £ 120,448 254,514 120,448 254,514 |
|---|---|
continued...
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 6.4.19 £ 254,245 254,245 |
Net movement in funds £ 105,507 105,507 |
At 5.4.20 £ 359,752 |
|---|---|---|---|
| 359,752 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 172,684 172,684 |
Resources expended £ (4,185) (4,185) |
Gains and Movement losses in funds £ £ (62,992) 105,507 (62,992) 105,507 |
Gains and Movement losses in funds £ £ (62,992) 105,507 (62,992) 105,507 |
|---|---|---|---|---|
| 105,507 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 6.4.19 £ 254,245 254,245 |
Net movement in funds £ 360,021 360,021 |
At 5.4.21 £ 614,266 |
|---|---|---|---|
| 614,266 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 325,665 325,665 |
Resources expended £ (23,100) (23,100) |
Gains and Movement losses in funds £ £ 57,456 360,021 57,456 360,021 |
Gains and Movement losses in funds £ £ 57,456 360,021 57,456 360,021 |
|---|---|---|---|---|
| 360,021 |
continued...
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2021.
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THE MARTYN BRACEGIRDLE CHARITABLE FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Investment income Dividends received Total incoming resources EXPENDITURE Charitable activities Donations Support costs Other Investment fees and charges Governance costs Accountancy fees Legal and professional fees Total resources expended Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income |
2021 £ 100,000 50,121 150,121 2,860 152,981 17,400 743 502 270 772 18,915 134,066 120,448 254,514 |
2020 £ 100,000 65,199 165,199 7,485 172,684 3,038 235 672 240 912 4,185 168,499 (62,992) 105,507 |
|---|---|---|
This page does not form part of the statutory financial statements
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