REGISTERED COMPANY NUMBER: CE013235 (England and Wales) REGISTERED CHARITY NUMBER: 1177098
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2023
for
Operation Emotion CIO
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Operation Emotion CIO
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Operation Emotion CIO
Report of the Trustees for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE013235 (England and Wales)
Registered Charity number
1177098
Registered office
29 Westbourne Road Plymouth Devon PL3 4LH
Trustees
Dr J G Tilbury J P J Butcher M R Stear M Warner P Fry A Loheac
Company Secretary
Independent Examiner
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Approved by order of the board of trustees on 1 June 2023 and signed on its behalf by:
Dr J G Tilbury - Trustee
Page 1
Independent Examiner's Report to the Trustees of Operation Emotion CIO
Independent examiner's report to the trustees of Operation Emotion CIO ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Ian Sheppard
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Date: .............................................
Page 2
Operation Emotion CIO
Statement of Financial Activities for the Year Ended 31 March 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 152,093 EXPENDITURE ON Raising funds 68,981 Other 7,426 Total 76,407 NET INCOME/(EXPENDITURE) 75,686 RECONCILIATION OF FUNDS Total funds brought forward 29,875 TOTAL FUNDS CARRIED FORWARD 105,561 |
2022 Total funds £ 53,643 58,396 4,241 62,637 (8,994) 38,869 29,875 |
|---|---|
The notes form part of these financial statements
Page 3
Operation Emotion CIO
Balance Sheet 31 March 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 13,201 CURRENT ASSETS Cash at bank 93,631 CREDITORS Amounts falling due within one year 6 (1,271) NET CURRENT ASSETS 92,360 TOTAL ASSETS LESS CURRENT LIABILITIES 105,561 NET ASSETS 105,561 FUNDS 7 Unrestricted funds 105,561 TOTAL FUNDS 105,561 |
2022 Total funds £ 8,627 22,448 (1,200) 21,248 29,875 29,875 29,875 29,875 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 1 June 2023 and were signed on its behalf by:
J G Tilbury - Trustee
The notes form part of these financial statements
Page 4
Operation Emotion CIO
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 33.3% Straight Line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 6,600 | 4,313 |
Page 5
Operation Emotion CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 53,643 |
| EXPENDITURE ON | |
| Raising funds | 58,396 |
| Other | 4,241 |
| Total | 62,637 |
| NET INCOME/(EXPENDITURE) | (8,994) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 38,869 |
| TOTAL FUNDS CARRIED FORWARD | 29,875 |
| TANGIBLE FIXED ASSETS | |
| Plant and | |
| machinery | |
| £ | |
| COST | |
| At 1 April 2022 | 32,758 |
| Additions | 11,174 |
| At 31 March 2023 | 43,932 |
| DEPRECIATION | |
| At 1 April 2022 | 24,131 |
| Charge for year | 6,600 |
| At 31 March 2023 | 30,731 |
| NET BOOK VALUE | |
| At 31 March 2023 | 13,201 |
| At 31 March 2022 | 8,627 |
Page 6
Operation Emotion CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and deferred income 7. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 29,875 TOTAL FUNDS 29,875 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 152,093 TOTAL FUNDS 152,093 Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 38,869 TOTAL FUNDS 38,869 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 53,643 TOTAL FUNDS 53,643 |
2023 2022 £ £ 1,271 1,200 Net movement At in funds 31.3.23 £ £ 75,686 105,561 75,686 105,561 Resources Movement expended in funds £ £ (76,407) 75,686 (76,407) 75,686 Net movement At in funds 31.3.22 £ £ (8,994) 29,875 (8,994) 29,875 Resources Movement expended in funds £ £ (62,637) (8,994) (62,637) (8,994) |
|---|---|
Page 7
Operation Emotion CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,869 | 66,692 | 105,561 |
| TOTAL FUNDS | 38,869 | 66,692 | 105,561 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 205,736 205,736 |
Resources Movement expended in funds £ £ (139,044) 66,692 (139,044) 66,692 |
Resources Movement expended in funds £ £ (139,044) 66,692 (139,044) 66,692 |
|---|---|---|---|
| 66,692 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 8
Operation Emotion CIO
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and legacies Grants Total incoming resources EXPENDITURE Raising donations and legacies Wages Insurance Postage and stationery Helpline and web rental Training Travel Repairs and renewals Film production and website Room hire Cinema hire Plant and machinery Support costs Governance costs Accountancy Professional fees Total resources expended Net income/(expenditure) |
2023 £ 152,093 152,093 44,249 848 547 1,023 1,137 5,457 3,171 2,576 2,167 1,206 6,600 68,981 1,230 6,196 7,426 76,407 75,686 |
2022 £ 53,643 53,643 44,781 752 339 933 916 1,851 2,677 1,834 - - 4,313 58,396 1,200 3,041 4,241 62,637 (8,994) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 9