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|Head Office and Registered|Address|We Love Manchester|Emergency|Fund|||
|---|---|---|---|---|---|---|
|||PO Box532|||||
|||MANCHESTER|||||
|||M60 2LA|||||
|Trustees ofthe Chanty||Mrs Edith Conn OBE||(appointed|August 2017)|(Chair from September 2018)|
|||Ms Carol Culley||(appointed|May 2017)||
|||Ms Joanne Roney OBE||(appointed|May 2017)||
|Bankers||Barclays Bank|||||
|||51Mosley Street, Manchester|||||
|||M32 3HQ|||||
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||||Unrestricted|
|---|---|---|---|
||||funds|
|||Note|2020-21|
|Income||||
|Donations
and legacies|||0|
|Grant Income|||0|
|Royalties|||40,505|
|Total Income|||40,505|
|Expenditure:||||
|Raising funds|||0|
|Chantable
activities|||0|
|Other|||0|
|Governance
costs|||38|
|Operating
Expenses|||0|
|Insurance|||5,600|
|Miscellaneous
Expenses|||0|
|Support Groups|||0|
|Professional
Fees|||0|
|Total Expenditure|||5,638|
|Net Income and net movement|in funds for the period||34,867|
|Net movement
in Funds|||34,867|
|Reconciliation
of Funds||10,11||
|Total funds brought
forward|||59,002|
|Net movement
in Funds|||34,867|
|Total funds carried forward|||93,869|
##
|||||31-Oct-21|
|---|---|---|---|---|
||||Note||
|Current assets|||||
|Debtors||||57,217|
|Cash at bank and in|hand|—Barclays Account 1||36,382|
|Cash at bank and in|hand|—Barclays Account 2||270|
|Total Current Assets||||93,869|
|Liabilities:|||||
|Creditors
Amounts|falling|due within one year|||
|Provisions for liabilities and charges|||||
|Net current assets||||93,869|
|Net assets||||93,869|
|The funds ofthe charity|||||
|Unrestncted
funds|||10|93,869|
|Total charity funds||||93,869|
|th|e Period Endm
31October 2021|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1|Accounting
Pohaes|||||||||||||
||BasIs ofPreparation|||||||||||||
||The financial statements
have been prepared
in accordance
with Accounting
and Reporting|||||by Chanties||||||||
||Statement of Recommended
Practice|||||||||||||
||This ls apphcable
to chanties prepanng
their financial statements
in accordance
with|||the|FInancial|||||||||
||Reporting
Standard
apphcable
m the UK and Republic of Ireland
(FRS102)(effectwe||1January 2015)-|||||||||||
||(Chantles
SORP (FRS102)),the Financial
Reporting
Standard
apphcable
in the UK and|||Republic of||||||||||
||Ireland
(FRS102)and the Companies
Act 2006 and the Chanties
Act 2011|||||||||||||
||The We Love Manchester
Emergency
Fund constitutes
a public benefit entity as defined||||by FRS|||102||||||
||The accounts have been prepared
in Pounds
ESterhng|||||||||||||
||Going Concern|||||||||||||
||The Chanty trustees
made the decision to no longer accept donations
and to close the chanty at||||||||a|meeting|||in July 2020|
||The only transactions,
for this accounting
penod,
are for Song Royalties, insurance|and bank charges||||||||||||
||Any remaining
funds ofthe chanty are being transferred
to the Manchester
Memonal|||Fund||||||||||
||Cwtical accounting judgements
and estimation
uncertamty|||||||||||||
||In prepanng
these financial statements,
trustees
have made Judgements,
estimates||and assumptions|||||||||||
||that affect the apphcation
ofthe chanties accounting
pohcies and the reported
assets, liabdities,||||||||income|||||
||and expenditure
and the disclosures
made in the financial
statements
Estimates
and|||Judgements||||||are||||
||continually
evaluated
and are based on historical expenence
and other factors, including||||expectations|||||||||
||offuture events that are believed to be reasonable
under the circumstances|||||||||||||
||Accounting
Period|||||||||||||
||The fourth set offinancial statements
is prepared
from 1November
2020to 31October||||2021||The 23 May||||||2017|
||ls the date the fund was created
The Charity was then subsequently
registered
with|||the|Charities|||||||||
||Commission
on 2June 2017|||||||||||||
||Income|||||||||||||
||Income, lncludmg
grants, donations
and legacies from mstitutlons,
corporates, trusts|||and||||||||||
||individuals
is included
ln the Statement
of financial
activities
when the chanty
Is entitled||||to|the||income,||||||
||where the amount
can be measured
with reasonable
reliabihty
and receipt is probable|||||||||||||
||Goods, facilities and services donated
for the charities use, where the benefit
is|||||||||||||
||quantifiable
and the goods or services would
have had to be purchased,
are recognised|||||||||||||
||In the financial statements
under Donations
and Legaaes as income (gifts In kind) when|||||||||||||
||received and expenditure
when dlstnbuted,
at a reasonable
estimate of their value|ln||the||||||||||
||penod
In which they are received|||||||||||||
||Grant income
ls recogmsed
in the Statement offinancial activities
in the year in which|||this becomes||||||||||
||recervable
and when any conditions for receipt have been met|||||||||||||
||Donated goods and services|||||||||||||
||Where the charity receives donations
ofgoods and services
in kind and where there||is a||measurable||||||value|||
||to the chanty which can be ascertained
with reliabihty
they are included
in both income and|||||expenditure||||||in|the|
||Statement
offinancial activities|||||||||||||
||Expenditure|||||||||||||
||All expenditure
is accounted for on an accruals basis and has been classified
under headings|||||||||||||
||that aggregate
all costs related to the category|||||||||||||
||Chantable
Activities
—Expenditure
on chantable
actwltles
Includes
all costs Incurred||by the|||||||||||
||chanty
in undertaking
activities that further
its chantable
aims|||||||||||||
||Support Costs - These costs include general
management
and accounting
Support costs||||not|attributable||||||to|a|
||single actiwty have been allocated on a basis consistent
with identified cost dnvers|for that cost||||||category||||||
||such as on-kne giving fees, professional
charges, operatmg
expenses,
Insurance
and||accounting|||||and||||||
||adrmnistration
expenditure|||||||||||||
||Governance
Costs - these costs are associated
with the running ofthe Chanty, as|||||||||||||
||opposed to the direct management
functions
inherent
In generating
funds, service|||||||||||||
||dehvery
and programme
or pro)act work
These include such items as external
audit,|||||||||||||
||legal advice for trustees
and costs associated
with constitutional
and statutory|||||||||||||
||req uirernents|||||||||||||
||Grants payable
-Grants are recognised
in the Statement of fmanclal
activities when||they||have been|||||||||
||approved
by the Trustees and notified to the benefiaanes|||||||||||||
||Prepayments|||||||||||||
||Prepayments
are valued at the amount
prepaid
net of any trade discounts
due|||||||||||||
||Debtors|||||||||||||
||Trade and other debtors are Initially recognised
at transaction
price and subsequently|||adjusted,||||where||||||
||necessary, for bad and doubtful
debts|||||||||||||
||Cash and cash equwalents|||||||||||||
||Cash and cash equwalents
compnse cash at bank and on hand|||||||||||||
||Creditors and provisions|||||||||||||
||Creditors
and prowsions
are recognised
where the chanty has a present obhgation|resulting||||from||||a past||event||
||that will probably
result
In the transfer offunds to a third party and the amount
due||to settle the|||||||obligation|||can|
||be measured
or estimated
reliably
Creditors
and provisions
are normally
recogmsed|||at their settlement||||||||amount||
||after allowing for any trade discounts
due|||||||||||||
||Funds|||||||||||||
||Unrestricted
funds are available for use at the discretion ofthe trustees
m furtherance|||ofthe general|||||||chantable|||
||obiectives
The chanty does not have any restricted
funds|||||||||||||
##
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|||||||||||Unrestricted|Unrestricted|Unrestricted||Restricted|Total||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Funds||||Funds|||
|||||||||||2020-21||||2020-21|2020-21||
|||||||||||||E||f|E||
|Donations
and legacies|||||||||||||||||
|Voluntary
Income||||||||||||0|||0||
|Grant income||||||||||||0|||0||
|Donated Services||||||||||||0|||0||
|Royalties||||||||||40,505|||||40,505||
|Total Income||||||||||40,505|||||40,505||
|Donated serwces|are||included||in both income||and expenditure|||in the|Statement|||of|||
|financial
activities||Donated serwces and support||||||represent|the fair value||||||||
|ofserwces prowded||by||or paid|for by|Manchester||City Council||and include||grant||processing,|||
|administrative
serwces,||||management||services,|professional,||accounting||and||other operating||||
|costs|||||||||||||||||
|Analysis of Expenditure|||||||||||||||||
|||||||||||Raising||||Charitable|Other|Total|
|||||||||||Funds||||Activities|Costs||
|||||||||||||||||2020-21|
|||||||||||||||||E|
|Expenditure|||||||||||||||||
|Payment of Grants|||||||||||||||||
|Other Costs|||||||||||||||||
|Support Costs|||||||||||||||||
|Operating
Expenses|||||||||||||||38|38|
|Insurance|||||||||||||||5,600|5,600|
|Miscellaneous
Expenses|||||||||||||||0|0|
|Support Groups|||||||||||||||0|0|
|Professional
Fees|||||||||||||||0|0|
|Accountancy 5Administration|||||||||||||||0|0|
|Tota I Expenditure|||||||||||||||5,638|5,638|
|Expenditure
on chantable
activities||||||||||Grants|||Governance||Support|2019-20|
|||||||||||||||Costs|Costs||
|Grants to Individuals||||||||||||E||E|E||
|Bereaved and Physical||||inlury|||||||||||||
|Psychological
inlury|||||||||||||||||
|Hardship
Grant|||||||||||||||||
|Other|||||||||||||||||
|Grants to Institutions|||||||||||||||||
|Manchester
institute|||of Health||5 Performance||(MIHP)||||||||||
|10|Analysis ofnet assets between|funds|General|
|---|---|---|---|
||||Fund|
||||E|
||Debtors||57,217|
||Creditors||0|
||Cash at Bank||36,652|
||||93,869|