Registered number: CE014342
**CHLOE & LIAM TOGETHER FOREVER TRUST TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
**Chloe & Liam Together Forever Trust Year Ended 31 December 2020**
## **Contents**
|**Contents**||
|---|---|
||**Page**|
|Company Information|1|
|Trustee’s report|2|
|Independent examiner’s Report|3|
|Profit and Loss Account|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6|
|The following pages do not form part of the statutory accounts:||
|Statement of Financial Activities|7|
**Chloe & Liam Together Forever Trust Charity Information For The Year Ended 31 December 2020**
**Company Number** CE014342 **Registered Office** c/o KP Simpson Ltd 172 Albert Road Jarrow Tyne and Wear NE32 5JA **Accountants** KP Simpson Ltd Certified Public Accountants 172-174 Albert Road Jarrow NE32 5JA Lisa Rutherford Mark Rutherford Caroline Curry **Trustees** William Dryden Nigel Begg Ray Spencer Lisa Nightingale Mike Wilkinson Andrew Potts
Page 1
## **Chloe & Liam Together Forever Trust Charity No. CE014342 Trustees's Report For The Year Ended 31 December 2020**
The trustees present their report with the financial statements of the charity for the year ended 31[st] December 2020. The trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and ROI (FRS 102)
## **Chloe and Liam Together Forever Trust**
To advance in life and help young people through:
(a) the provision of assisting in community and individual participation in:
(i) recreational and leisure time activities; and
(ii) performing arts; with such assistance provided in the interest of social welfare, designed to improve their conditions of life;
(b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals;
(c) to act as a resource for young people up to the age of 30 living in north –east england by providing support and assistance and organising programmes of physical, educational, performance and other activities as a means of:
(i) advancing education;
(ii) relieving unemployment;
(iii) providing recreational, performance and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons; and
(d) any other programme of assistance which, in the absolute discretion of the trustees, would serve the objects aforementioned.
## **Governing document**
The charity is governed by its constitution established on 15[th] June 2018
## **Method of appointment or election of the trustees**
The method of appointment and election of its trustees is fully detailed in its constitution
Page 2
## **Chloe & Liam Together Forever Trust Charity No. CE014342**
## **Trustee's Report For The Year Ended 31 December 2020**
## **Statement of Trustee's Responsibilities**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees t prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the financial activities for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charities transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Trustees**
The trustees acting on behalf of the charity in the year were as follows:
Lisa Rutherford Mark Rutherford Caroline Curry William Dryden Nigel Begg Ray Spencer Lisa Nightingale Mike Wilkinson Andrew Potts
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime
Approved by the trustees on 1[st] October 2021 and signed on its behalf by
______________________________________
**Chloe & Liam Together Forever Trust Independent examiner’s report For The Year Ended 31 December 2020**
## **Respective Responsibilities of Trustees and Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, and that an independent examiners report is needed.
It is my responsibility to:
- Examine the accounts under section 145 of the 2011 Act
- Follow the procedures laid down in the General Directions given by the Charity commission under section 145(5)(b) of the 2011 Act; and
- To state whether particular matters have come to my attention
## **Basis of Independent Examiners Report**
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts.
The planning and conduct of an audit goes beyond the limited assurances than an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement
## **Independent Examiner’s Statement**
In connection with my examination, no matter has come to my attention:
- 1) Which gives me reasonable cause to believe that, in any material respect, the requirements to:
- Keep accounting records in accordance with s130 of the 2011 Act; and
- To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 act
Have not been met; or
- 2) To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
On behalf of KP Simpson Ltd 172 Albert Road Jarrow Tyne and Wear NE32 5JA
Page 3
**Chloe & Liam Together Forever Trust Profit and Loss Account For The Year Ended 31 December 2020**
|**Notes**
**TURNOVER**
Cost of sales
**GROSS PROFIT**
Administrative expenses
**OPERATING (LOSS)/PROFIT**
Other interest receivable and similar income
**(LOSS)/PROFIT FOR THE FINANCIAL YEAR**|**2020**
**£**
**57,281**
(200 )
**57,081**
(68,737 )
**(11,656 )**
68
**(11,588 )**|**2019**
**£**
**202,774**
(11,512 )|
|---|---|---|
|||**191,262**
(127,064 )|
|||**64,198**
115|
|||**64,313**|
The notes on page 6 form part of these financial statements.
Page 4
## **Chloe & Liam Together Forever Trust Balance Sheet As at 31 December 2020**
|**Notes**
**CURRENT ASSETS**
Stocks
**3**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**4**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**UNRESTRICTED' FUNDS**|**2020**
**£**
**£**
4,000
207,276
**211,276**
**(1 )**
**211,275**
**211,275**
**211,275**
211,275
**211,275**|**2020**
**£**
**£**
4,000
207,276
**211,276**
**(1 )**
**211,275**
**211,275**
**211,275**
211,275
**211,275**|**2019**
**£**
**£**
4,200
218,663
**222,863**
**-**
**222,863**
**222,863**
**222,863**
222,863
**222,863**|**2019**
**£**
**£**
4,200
218,663
**222,863**
**-**
**222,863**
**222,863**
**222,863**
222,863
**222,863**|
|---|---|---|---|---|
||**211,276**
**(1 )**||**222,863**
**-**||
||||
||
|||**211,275**||**222,863**|
|||**211,275**||**222,863**|
|||211,275||222,863|
|||**211,275**||**222,863**|
These financial statements have been prepared in compliance with FRS102, The Financial Reporting Standard applicable in the UK and the ROI, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and ROI (FRS 102) (Charities SORP (FRS 102))
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## **Trustee's responsibilities**
- The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The trustees acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
On behalf of the trustees
## 01/10/2021
The notes on page 6 form part of these financial statements.
Page 5
**Chloe & Liam Together Forever Trust Notes to the Financial Statements For The Year Ended 31 December 2020**
## **1. Accounting Policies**
## **1.1. Basis of Preparation of Financial Statements**
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011.
## **1.2. Income**
Income is recognised in the period in which it is received and the amount can be measured with certainty. Voluntary income in the way of donations and gifts to the charity is included in full in the statement of Financial activities Interest is included as and when received
## **1.3. Stocks and Work in Progress**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
## **2. Fund accounting**
None of the funds received by the charity are restricted funds with specified purposes of use. All income generated is non restricted funds
## **3. Stocks**
|**3.** **Stocks**|||
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|Stock - materials|4,000|4,200|
||4,000|4,200|
## **5. Controlling party**
In the opinion of the trustees, the charity is not controlled by any single party
## **6. Related party transactions**
During the year, there were no related party transactions.
## **7. Volunteers**
The charity benefits greatly and place great value on the role played by its volunteers and fundraisers, as well as the expertise of its trustees
## **8. Employees**
The charity does not employ any staff members
Page 6
**Chloe & Liam Together Forever Trust Statement of Financial Activities For The Year Ended 31 December 2020**
|**TURNOVER**
Donations received
Sale of goods
**COST OF SALES**
Opening stock - materials
Purchases
Closing stock - materials
**GROSS PROFIT**
**Administrative Expenses**
Disbursements
Insurance
Great North Run entry
Event costs
Bank charges
Sundry expenses
**OPERATING (LOSS)/PROFIT**
**Other interest receivable and similar income**
Bank interest receivable
**(LOSS)/PROFIT FOR THE FINANCIAL YEAR**|**2020**
**£**
**£**
56,539
742
**57,281**
4,200
-
(4,000 )
**(200 )**
**57,081**
67,826
446
-
-
464
1
**(68,737 )**
**(11,656)**
68
**68**
**(11,588 )**|**2020**
**£**
**£**
56,539
742
**57,281**
4,200
-
(4,000 )
**(200 )**
**57,081**
67,826
446
-
-
464
1
**(68,737 )**
**(11,656)**
68
**68**
**(11,588 )**|**2019**
**£**
**£**
200,885
1,889
**202,774**
10,379
5,333
(4,200 )
**(11,512 )**
**191,262**
110,676
506
5,150
10,495
235
2
**(127,064 )**
**64,198**
115
**115**
**64,313**|**2019**
**£**
**£**
200,885
1,889
**202,774**
10,379
5,333
(4,200 )
**(11,512 )**
**191,262**
110,676
506
5,150
10,495
235
2
**(127,064 )**
**64,198**
115
**115**
**64,313**|
|---|---|---|---|---|
|||**57,281**
**(200 )**||**202,774**
**(11,512 )**|
||67,826
446
-
-
464
1||
110,676
506
5,150
10,495
235
2||
|||**57,081**
**(68,737 )**||**191,262**
**(127,064 )**|
||68||115||
|||**(11,656)**
**68**||**64,198**
**115**|
||||||
|||**(11,588 )**||**64,313**|