ELKOLET BENEVOLENT FOUNDATION
Financial Statements
for the year ending
1st September 2020
ELKOLET BENEVOLENT FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees' Report | 1 |
| Accountant's Report | 3 |
| Income and Expenditure account | 4 |
| Balance Sheet | 5 |
Financial Statements
for the Year Ended 1st September 2020
Trustees' Annual Report
ELKOLET BENEVOLENT FOUNDATION
Section A: Reference and administration details
Charity Name ELKOLET Benevolent Foundation Registered charity number 1175634 Principal address The ELKOLET Centre, Mill Lane, Alton, Hampshire, GU342QG
Office
Trustee Name Office Bryan Knowles Chair Paula Knowles Trustee Angel Knowles Trustee Mervyn Broughton Trustee Jolanta Snyman Trustee Jonathan Mills Trustee
Section B: Structure, governance and management
Charitable Incorporated Organisation (CIO) Appointed by existing Trustees
Section C: Objectives and activities
Objectives
The objects of the CIO are: to advance the education of young people who due to personal circumstances, have the possibility of being disengaged from mainstream education throughout hampshire by providing such assistance to the child, family or guardian to assist them with their education as the trustees deem appropriate.
Main Activites
ELKOLET Benevolent Foundation (EBF) assist young people and their families with a range goods, services or financial support as and when a need is identified by EBF's sister charity, ELKOLET. Often, these needs are linked to underlying causes resulting in young people becoming disengaged, or the risk of becoming disengaged, with their academic journey.
EBF seeks to come alongside schools, churches and other agencies who are working with young people and their families where collaboration is needed to meet or improve the result of the intervention of a benevolent kind on behalf of the young person and their families.
We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.
Section D: Achievements and performance
Supporting ELKOLET's Alternative Education Provision, The King's Way (TKW):
-
Providing free meals for learners attending TKW;
-
Providing transport for learners (for those not otherwise able to attend and those who struggle to attend without the additional support of transportation and a morning "wakey-wakey");
-
Providing new football boots, a host of winter jackets and electronic equipment to several young people in need; - Supported a family with fuel to cover benefit shortfalls to enable all the children to attend their respective schools and contributed in the acquisition of a replacement vehicle;
-
Provided a range of other financial support including the purchasing of food items, clothing, carpets and birthday gifts.
Section E: Financial Review
ELKOLET Benevolent Foundation has no running costs but aims to keep approximately three months worth of regular commitments in reserve. Providing meals to young people attending the alternative education provision would be an example of a regular commitment.
Section F: Other optional information
N/A
Section G: Declaration
The trustees declare that they have approved the trustees' report above
Signed on behalf of the charity's trustees
Full name Bryan Douglas Knowles Position Chair Date 07/04/2021
Financial Statements
for the Year Ended 1st September 2020
Accountant's Report on the unaudited financial statements to the committee of
ELKOLET BENEVOLENT FOUNDATION
You have approved the financial statements for the year ended 7th September 2019 set out on pages 2 to 6. I accordance with your instructions, we have compiled these unaudited financial statements from the accounting records and information and explanations supplied to us.
Jonathan Mills BSc (Hons) CA ACCA Black & White Accounting 2-3 Stable Court Herriard Park Basingstoke RG25 2PL
Date:
07/04/2021
ELKOLET BENEVOLENT FOUNDATION
Income and Expenditure account for the year ended 1st September 2020
| INCOME Donations Received Total Income EXPENDITURE Travel and subsistence 80 Refreshments 32 Sundry Expenses 0 Total Expenditure Net Profit/(Loss) Accumulated fund brought forward Accumulated fund carried forward |
2020 15 15 155 246 40 112 (97) 116 19 |
2019 | ||
|---|---|---|---|---|
| 557 557 441 116 0 116 |
ELKOLET BENEVOLENT FOUNDATION
Balance Sheet at 1st September 2020
| CURRENT ASSETS Cash at bank CURRRENT LIABILITIES Trade creditors NET CURRENT ASSETS NET ASSETS FINANCED BY: RESERVES Funds Current Year Earnings |
19 0 |
2020 19 0 19 19 116 (97) 19 |
116 0 |
2019 | ||
|---|---|---|---|---|---|---|
| 116 0 116 116 0 116 116 |
We approve these financial statements and confirm we have made available all relevant records and information for their preparation and authorise their submission to H M Revenue and Customs.
………………………………………...
B Knowles