## 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