| Head Office and Registered | Address | We Love Manchester | Emergency | Fund | ||
|---|---|---|---|---|---|---|
| PO Box532 | ||||||
| MANCHESTER | ||||||
| M60 2LA | ||||||
| Trustees ofthe Charity | Mrs Edith Conn OBE | (appointed | August 2017) | (Chair from September 2018) | ||
| Ms Carol Culley | (appointed | May 2017) | ||||
| Ms Joanne Roney OBE | (appointed | May 2017) | ||||
| Company Secretary | Ms Jacqui Dennis | |||||
| Bankers | Barclays Bank | |||||
| 51Mosley Street, Manchester | ||||||
| M32 3HQ |
| For the Period Ending 31Octob | er 2020 | ||
|---|---|---|---|
| Unrestricted | |||
| funds | |||
| Note | 2019-20 | ||
| Income | |||
| Donations and legaaes |
8,593 | ||
| Grant Income | 0 | ||
| Ro alties | 16,711 | ||
| Total Income | 25,304 | ||
| Expenditure: | |||
| Raising funds | 0 | ||
| Charitable activities |
0 | ||
| Other | 0 | ||
| Governance costs |
0 | ||
| Operating Expenses |
2,880 | ||
| Insurance | 6,776 | ||
| Miscellaneous Expenses |
0 | ||
| Support Groups | 0 | ||
| Professional Fees |
0 | ||
| Total Ex endlture | 9,656 | ||
| Net Income and net movement | in funds for the period | 15,648 | |
| Net movement in Funds |
15,648 | ||
| Reconciliation of Funds |
1113 | ||
| Total funds brought forward |
43,354 | ||
| Net movement in Funds |
15,648 | ||
| Total funds carried forward | 59,002 |
| 31-Oct-20 | ||||
|---|---|---|---|---|
| Note | ||||
| Current assets | ||||
| Debtors | 16,711 | |||
| Cash at bank and in | hand - Barclays Account 1 | 42,021 | ||
| Cash at bank and in | hand - Barcla | s Account 2 | 270 | |
| Total Current Assets | 59,002 | |||
| Liabilities: | ||||
| Creditors Amounts |
falling due within one year | |||
| Provisions for liabilities and charges | ||||
| Net current assets | 59,002 | |||
| Net assets | 59,002 | |||
| The funds ofthe charity | ||||
| Unrestncted funds |
59,002 | |||
| Total charity funds | 59,002 |
| r th | e Penod Endin 31October 2020 |
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|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Accountmg Po(laes |
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| Basis ofPreparation | ||||||||||
| This is the Fund's first set offlnanaal statements The fmanclal statements have been |
prepared | |||||||||
| in accordance with Accounting and Reporting by Charities Statement of Recommended |
Practice | |||||||||
| apphcable to chanties preparing their financial statements in accordance with the Finanmal |
||||||||||
| Reporting Standard applicable In the UK and Republic ofireland (FRS102)(effectwe 1January 2015)- |
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| (Chanties SORP (FRS102)),the Finanaal Reporting Standard apphcable in the UK and Repubhc of |
||||||||||
| Ireland (FRS102)and the Companies Act 2006and the Chanties Act 2011 |
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| The We Love Manchester Emergency Fund constitutes a public benefit entity as defined |
by FRS102 | |||||||||
| The accounts have been prepared ln Pounds 6 Sterling |
||||||||||
| Going Concern | ||||||||||
| The trustees consider that there are no material uncertainties about the Charity's abihty |
to | |||||||||
| continue as a going concern |
||||||||||
| Critical accountmg judgements and estimation uncertaInty |
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| In preparing these financial statements, trustees have made Judgements, estimates and assumptions |
||||||||||
| that affect the application ofthe chanties accounting pohaes and the reported assets, |
llablhties, | mcome | ||||||||
| and expenditure and the disclosures made in the finanaal statements Estimates and Judgements |
are | |||||||||
| continually evaluated and are based on histoncal experience and other factors, including |
expectations | |||||||||
| offuture events that are believed to be reasonable under the circumstances |
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| Accounting Period |
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| The third set ofRnancial statements Is prepared from 1November 2019to 31October |
2020 The | 23 | May | 2017 | ||||||
| is the date the fund was created The Charity was then subsequently registered with the |
Chanties | |||||||||
| Commission on 2June 2017 |
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| Income | ||||||||||
| Income, Including grants, donations and legaaes from institutions, corporates, trusts and |
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| individuals is included in the Statement of fmanclal activities when the chanty is entitled |
to | the | income, | |||||||
| where the amount can be measured with reasonable rehablllty and receipt Is probable |
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| Goods, facilities and services donated for the chanties use, where the benefit Is |
||||||||||
| quantifiable and the goods or services would have had to be purchased, are recognised |
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| in the financial statements under Donations and Legaaes as Income (gifts in kind) when |
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| received and expenditure when distributed, at a reasonable estimate oftheir value In the |
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| pened In which they are received |
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| Grant mcorne Is recognised In the Statement offinancial activities in the year In which |
this becomes | |||||||||
| receivable and when any conditions for receipt have been met |
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| Donated goods and services | ||||||||||
| Where the chanty receives donations ofgoods and services in kind and where there is |
a | measurable | value | |||||||
| to the chanty which can be ascertained with reliability they are Included in both income and |
expenditure | In | the | |||||||
| Statement offlnanaal activities |
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| Expenditure | ||||||||||
| All expenditure Is accounted for on an accruals basis and has been classified under headings |
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| that aggregate all costs related to the category |
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| Charitable Activities - Expenditure on charitable activities includes all costs incurred by |
the | |||||||||
| chanty in undertakmg activities that further its charitable aims |
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| Support Costs - These costs include general management and accounting Support costs |
not | attnbutable | to | a | ||||||
| single actwity have been allocated on a basis consistent with Identified cost drivers forthat cost |
category | |||||||||
| such as on-line giving fees, professional charges, operatmg expenses, Insurance and accounting |
and | |||||||||
| administration expenditure |
||||||||||
| Governance Costs - these costs are associated with the running ofthe Charity, as |
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| opposed to the direct management functions inherent In generating funds, seMce |
||||||||||
| dehvery and programme or pro)act work These include such items as external audit, |
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| legal advice for trustees and costs assoaated with constitutional and statutory |
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| requirements | ||||||||||
| Grants payable - Grants are recognised in the Statement offinancial actwities when they |
have been | |||||||||
| approved by the Trustees and notified to the beneficlanes |
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| Prepayments | ||||||||||
| Prepayinents are valued at the amount prepaid net ofany trade discounts due |
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| Debtors | ||||||||||
| Trade and other debtors are Initially recognised at transaction pnce and subsequently |
ad)usted, | where | ||||||||
| necessary, for bad and doubtful debts |
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| Cash and cash equivalents | ||||||||||
| Cash and cash equwalents comprise cash at bank and on hand |
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| Creditors and provisions | ||||||||||
| Creditors and provisions are recognised where the chanty has a present obligation resulting |
from | a past | event | |||||||
| that will probably result In the transfer offunds to a third party and the amount due to settle the |
obhgatlon | can | ||||||||
| be measured or estimated reliably Creditors and provisions are normally recognised at their settlement |
amount | |||||||||
| after agowlng for any trade discounts due |
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| Funds | ||||||||||
| Unrestricted funds are available for use at the discretion ofthe trustees in furtherance |
ofthe general | chantable | ||||||||
| obiectives The charity does not have any restncted funds |
| Unrestricted | Unrestricted | Unrestricted | Restncted | Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | |||||||||||||
| 2019-20 | 2019-20 | 2019-20 | ||||||||||||
| E | E | f | ||||||||||||
| Donations and legacies |
||||||||||||||
| Voluntary Income |
0 | 0 | ||||||||||||
| Grant Income | 0 | 0 | ||||||||||||
| Donated Services | 8,593 | 8,593 | ||||||||||||
| Royalties | 16,711 | 16,711 | ||||||||||||
| Total Income | 25 | 304 | 25,304 | |||||||||||
| Donated serwces | are included | in both income | and expenditure | in the | Statement of | |||||||||
| financia( actiwties | Donated serwces and support | represent | the fair value | |||||||||||
| ofservices provided | by | or paid | for by | Manchester | City Council | and include | grant processing, | |||||||
| administrative services, |
management | serwces, | professional, | accounting | and | other operating | ||||||||
| costs | ||||||||||||||
| Analysis ofExpenditure | ||||||||||||||
| Raising | Chantable | Other | Total | |||||||||||
| Funds | Activities | Costs | ||||||||||||
| 2019-20 | ||||||||||||||
| Expenditure | ||||||||||||||
| Payment ofGrants | ||||||||||||||
| Other Costs | ||||||||||||||
| ~srt c ts |
||||||||||||||
| Operating Expenses |
2,880 | 0 | 2,880 | |||||||||||
| Insurance | 6,776 | 6,776 | ||||||||||||
| Miscellaneous Expenses |
0 | 0 | ||||||||||||
| Support Groups | 0 | |||||||||||||
| Professional Fees |
0 | |||||||||||||
| Accountancy &Administration |
0 | |||||||||||||
| Total Expenditure | 2,880 | 6,776 | 9,656 | |||||||||||
| Expenditure on chantable activities |
Grants | Governance | Support | 2019-20 | ||||||||||
| Costs | Costs | |||||||||||||
| Grants to Indiwduals | f | E | E | |||||||||||
| Bereaved and Physical | In)ury | |||||||||||||
| Psychological inlury |
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| Hardship Grant |
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| Other | ||||||||||||||
| Grants to Institutions | ||||||||||||||
| Manchester Institute |
of Health | Ik Performance | (MIHP) |
| Analysis ofnet assets between funds | General |
| Fundf | |
| Debtors | 16,711 |
| Creditors | 0 |
| Cash at Bank | 42,290 |
| 59,001 |