Financial Statements
Tony Elischer Foundation For the year ended 31 March 2022
Prepared by Courts Accountancy Services Ltd
Prepared on 5 July 2022
Registered Charity Number 1177029
Table of Contents
Officers and Advisers .......................................................................................................................................3 Report of the Trustees .....................................................................................................................................4 Independent Examiners Report to the Trustees ..............................................................................................6 Accounting Policies ..........................................................................................................................................7 Financial Activities............................................................................................................................................8 Balance Sheet..................................................................................................................................................9
2/9
Officers and Advisers
Management Committee: Mrs. N Elischer - Trustee Mrs. M E Pease - Trustee Ms. C E Parnell - Trustee Mr. F D Coughlan - Trustee Mr. R Taylor - Trustee Bankers: Lloyds Bankling Group plc Independent Examiners: Courts Accountancy Services Ltd
Tony Elischer Foundation - 31 March 2022
3/9
Report of the Trustees
The Trustees submit their annual report and the financial statements for the period ended 31 March 2022.
ACTIVITIES AND OBJECTIVES
The Objectives for which the charity has been established; the promotion for the public benefit of the voluntary sector by the provision of education, development opportunities, mentoring and other assistance as required to individual professional fundraisers who either work in the voluntary sector in the UK and wider global market or may do in the future with the aim of developing a new generation of future leaders who will in turn maximise the income raised by the sector and therefore enable the provision of more and better quality services by the charities.
Our vision: We will significantly enhance the impact of not for profit sector leaders of today and tomorrow.
Our activities include:
-
matching experienced senior mentors and coaches with future fundraising leaders
-
creating a community of peers, facilitating further learning and development
-
providing mentees with additional training and support in key areas, which help develop fundraising and leadership skills
RESULTS FOR THE YEAR
The charity's income has decreased by 14.4%, when compared to the previous year.
The total charity funds have increased by 13.24%, when compared to the period ended 31st March 2021.
TRUSTEES
The trustees who held office during the period were:
Mrs. N A Elischer Mrs. M E Pease Ms. C E Parnell Mr F D Coughlan Mr. R Taylor
TRUSTEES RESPONSIBILITIES
The charity's trustees are responsible for preparing a statement of financial activity and a statement of assets and liabilities for each financial year that properly represents the charity's receipts and payments during the year, and the assets and liabilities at the end of the year. In preparing those statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Make judgements that are reasonable and prudent;
-
Prepare the financial statements on a going concern basis, unless it is inappropriate to assume the charity will continue in operation
Tony Elischer Foundation - 31 March 2022
4/9
INDEPENDENT EXAMINER
Courts Accountancy services Ltd, were appointed by the committee with effect from 14th December 2017.
RESERVES POLICY
The foundation has a number of ongoing commitments. We aim to keep reserves to meet these commitments for the year ahead; all other reserves are available for use as the trustees deem appropriate.
I declare in my capacity as charity director that:
-
the trustees have approved the report above; and
-
have authorised me to sign on their behalf
Signed:
Date:
Tony Elischer Foundation - 31 March 2022
5/9
Independent Examiners Report to the Trustees
I have examined the financial activity and statements of assets and liabilities on pages 8 to 9 that have been prepared following the accounting policies set out on page 7.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINERS
The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 145 of the Act);
-
follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Signed on behalf of Courts Accountancy Services Ltd:
Date:
Tony Elischer Foundation - 31 March 2022
6/9
Accounting Policies
1. Receipts and payments accounts
These accounts summarise all monies received and paid out by the charity during the financial period.
2. Funds
Restricted funds are to be used for specific purposes, as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources received or generated for charitable purposes
During the period, no funds were received with such restrictions.
Tony Elischer Foundation - 31 March 2022
7/9
Financial Activities
April 2021 - March 2022
| Financial Activities April 2021 - March 2022 |
||
|---|---|---|
| Total | ||
| Apr 2021 - Mar 2022 | Apr 2020 - Mar 2021(PP) | |
| INCOME | ||
| Corporate Donations | 26,200.00 | 21,000.00 |
| Individual Donations | 26,000.00 | 28,000.00 |
| Non-Profit Income | ||
| Gift Aid | 12,000.00 | |
| Total Non-Profit Income | 12,000.00 | |
| Total Income | 52,200.00 | 61,000.00 |
| COST OF SALES | ||
| Subcontractor costs | 25,900.00 | 43,302.10 |
| Total Cost of Sales | 25,900.00 | 43,302.10 |
| TOTAL | 26,300.00 | 17,697.90 |
| EXPENDITURES | ||
| Accountancy fees | 449.40 | 550.00 |
| Advertising | 315.00 | |
| Bank charges | 7.00 | 19.00 |
| Computer running costs | 779.88 | |
| Insurance | 797.40 | 788.83 |
| Legal and professional fees | ||
| Administration | 3,937.50 | |
| Total Legal and professional fees | 3,937.50 | |
| Mentee programme delivery | 2,130.00 | 30.80 |
| Printing, postage and stationery | 77.54 | |
| Rent or Lease of Buildings | 234.50 | |
| Sundry expenses | 61.00 | |
| Website and IT services | 316.73 | 1,720.85 |
| Total Expenditures | 8,417.91 | 3,797.52 |
| NET OPERATING INCOME | 17,882.09 | 13,900.38 |
| NET INCOME/(EXPENDITURE) | £17,882.09 | £13,900.38 |
8/9
Tony Elischer Foundation - 31 March 2022
Balance Sheet
As of March 31, 2022
| Balance Sheet As of March 31, 2022 |
||
|---|---|---|
| Total | ||
| As of Mar 31, 2022 | As of Mar 31, 2021(PP) | |
| FIXED ASSET | ||
| Total Fixed Asset | ||
| CASH AT BANK AND IN HAND | ||
| Treasurers Account(6760) | 56,003.00 | 37,871.51 |
| Total Cash at bank and in hand | 56,003.00 | 37,871.51 |
| DEBTORS | ||
| Debtors | 200.00 | 0.00 |
| Total Debtors | 200.00 | 0.00 |
| NET CURRENT ASSETS | 56,203.00 | 37,871.51 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Trade Creditors | ||
| Creditors | 449.40 | 0.00 |
| Total Trade Creditors | 449.40 | 0.00 |
| Current Liabilities | ||
| Accruals | 250.00 | 250.00 |
| Total Current Liabilities | 250.00 | 250.00 |
| Total Creditors: amounts falling due within oneyear | 699.40 | 250.00 |
| NET CURRENT ASSETS(LIABILITIES) | 55,503.60 | 37,621.51 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 55,503.60 | 37,621.51 |
| TOTAL NET ASSETS (LIABILITIES) | £55,503.60 | £37,621.51 |
| CHARITY FUNDS | ||
| Retained Earnings | 37,621.51 | 23,721.13 |
| Surplus/(Deficit) | 17,882.09 | 13,900.38 |
| Total Charity funds | £55,503.60 | £37,621.51 |
9/9
Tony Elischer Foundation - 31 March 2022
Virtual Cabinet Portal Digital Signatures
Digital Signature Verification
You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page:
https://www.virtualcabinetportal.com/VerifySignedDocument
Signature Dates and Times
All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:
http://www.virtualcabinetportal.com/WhatIsUTC
Signature 1
Signed by Jason Sykes using authentication code TDc4czQ4SkdnZVFH at IP address 213.129.74.45, on 2023/01/06 09:51:58 Z.
Jason Sykes's e-mail address is: jason.sykes@courtsaccountants.co.uk.