REGISTERED COMPANY NUMBER: 10292933 (England and Wales) REGISTERED CHARITY NUMBER: 1172763
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
FOR
THE GOOD GRIEF TRUST
Elson Geaves Accountants Chartered Certified Accountants 12 Haviland Road Ferndown Industrial Estate Wimborne Dorset BH21 7RG
THE GOOD GRIEF TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
THE GOOD GRIEF TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10292933 (England and Wales)
Registered Charity number
1172763
Registered office
12 Haviland Road Ferndown Industrial Estate Wimborne Dorset BH21 7RG
Trustees
Ms L Magistris Entrepreneur Ms J Soulsby Accounts Manager Mrs H Churchill Hairdresser Ms S Duddy Dance Teacher G Armstrong (appointed 19.2.2021) M Baxter (appointed 19.2.2021)
Company Secretary
Ms J Soulsby
Independent Examiner
Elson Geaves Accountants Chartered Certified Accountants 12 Haviland Road Ferndown Industrial Estate Wimborne Dorset BH21 7RG
Approved by order of the board of trustees on 29 April 2022 and signed on its behalf by:
Ms L Magistris - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOOD GRIEF TRUST
Independent examiner's report to the trustees of The Good Grief Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Gary Elson, FCCA Elson Geaves Accountants Chartered Certified Accountants 12 Haviland Road Ferndown Industrial Estate Wimborne Dorset BH21 7RG
29 April 2022
Page 2
THE GOOD GRIEF TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 177,243 Other trading activities 2 933 Total 178,176 EXPENDITURE ON Raising funds 3 95,492 NET INCOME 82,684 RECONCILIATION OF FUNDS Total funds brought forward 41,283 TOTAL FUNDS CARRIED FORWARD 123,967 |
2020 Total funds £ 71,688 8,305 |
|---|---|
| 79,993 53,120 |
|
| 26,873 14,410 |
|
| 41,283 |
The notes form part of these financial statements
Page 3
THE GOOD GRIEF TRUST
BALANCE SHEET
31 JULY 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Debtors 7 294 Cash at bank 124,993 125,287 CREDITORS Amounts falling due within one year 8 (1,320) NET CURRENT ASSETS 123,967 TOTAL ASSETS LESS CURRENT LIABILITIES 123,967 NET ASSETS 123,967 FUNDS 9 Unrestricted funds 123,967 TOTAL FUNDS 123,967 |
2020 Total funds £ - 42,298 42,298 (1,015) 41,283 41,283 41,283 41,283 41,283 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
THE GOOD GRIEF TRUST
BALANCE SHEET - continued
31 JULY 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2022 and were signed on its behalf by:
L Magistris - Trustee
J Soulsby - Trustee
The notes form part of these financial statements
Page 5
THE GOOD GRIEF TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Related party exemption
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Taxation
The charity is exempt from corporation 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.
continued...
Page 6
THE GOOD GRIEF TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Goods Sold | 933 | 8,305 | |
| 3. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Support costs | 95,492 | 51,360 |
4. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020.
Trustees' expenses
| Trustees' expenses | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Trustees' expenses | 821 | 6,450 | |
| 5. | STAFF COSTS | ||
| The average monthly number of employees during the year was as follows: | |||
| 2021 | 2020 | ||
| Admin | 2 | - | |
| No employees received emoluments in excess of £60,000. | |||
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 71,688 | ||
| Other trading activities | 8,305 | ||
| Total | 79,993 | ||
| EXPENDITURE ON | |||
| Raising funds | 53,120 | ||
| NET INCOME | 26,873 | ||
| Page 7 | continued... |
THE GOOD GRIEF TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 14,410 | |||
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 41,283 | |||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other debtors | 294 | - | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Accrued expenses | 1,320 | 1,015 | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/8/20 | in funds | 31/7/21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 41,283 | 82,684 | 123,967 | |
| TOTAL FUNDS | 41,283 | 82,684 | 123,967 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 178,176 | (95,492) | 82,684 | |
| TOTAL FUNDS | 178,176 | (95,492) | 82,684 |
continued...
Page 8
THE GOOD GRIEF TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1/8/19 | in funds | 31/7/20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 14,410 |
26,873 | 41,283 |
| TOTAL FUNDS 14,410 |
26,873 | 41,283 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 79,993 |
(53,120) | 26,873 |
| TOTAL FUNDS 79,993 |
(53,120) | 26,873 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 1/8/19 in funds 31/7/21 £ £ £ 14,410 109,557 123,967 14,410 109,557 123,967 |
|---|---|
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 £ 258,169 258,169 |
Resources Movement expended in funds £ £ (148,612) 109,557 (148,612) 109,557 |
|---|---|---|
continued...
Page 9
THE GOOD GRIEF TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2021.
Page 10
THE GOOD GRIEF TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| INCOME AND ENDOWMENTS Donations and legacies Events Donations Other trading activities Goods Sold Total incoming resources EXPENDITURE Other trading activities Purchases Support costs Management Wages Rent Light and heat Telephone Postage and stationery Advertising, Marketing & PR Sundries Event Expenses Website & IT Costs Training Expenses Travel & Subsistence Costs Other Professional Fees Consultancy Fees (2016-2021) Finance Bank charges Governance costs Trustees' travelling expenses Accountancy fees Legal fees |
2021 £ 869 176,374 177,243 933 178,176 - 12,886 4,950 1,350 180 8,966 28,731 440 6,046 9,169 1,296 360 450 13,500 88,324 364 821 1,427 4,556 6,804 |
2020 £ 570 71,118 |
|---|---|---|
| 71,688 8,305 |
||
| 79,993 1,760 3,209 6,482 1,500 200 7,344 12,861 - 4,165 6,971 - 400 612 - |
||
| 43,744 96 6,450 1,070 - |
||
| 7,520 |
This page does not form part of the statutory financial statements
Page 11
THE GOOD GRIEF TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021 |
||
|---|---|---|
| Total resources expended Net income |
2021 £ 95,492 82,684 |
2020 £ |
| 53,120 | ||
| 26,873 |
This page does not form part of the statutory financial statements
Page 12