2021-03-31-accounts - The Benjamin Pritchard Foundation

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REGISTERED COMPANY NUMBER: CE014427 (England and Wales) REGISTERED CHARITY NUMBER: 1178933

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

The Benjamin Pritchard Foundation CIO

Harpers & Co 1st Floor Premier House 127 Duckmoor Road Bristol BS3 2BJ

The Benjamin Pritchard Foundation CIO

Contents of the Financial Statements for the Year Ended 31 March 2021

	Page
Report of the Trustees	1 to 2
Independent Examiner's Report	3 to 4
Statement of Financial Activities	5
Balance Sheet	6 to 7
Notes to the Financial Statements	8 to 13
Detailed Statement of Financial Activities	14

The Benjamin Pritchard Foundation CIO

Report of the Trustees

for the Year Ended 31 March 2021

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 2021. 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

CE014427 (England and Wales)

Registered Charity number

1178933

Registered office

3 Gardner Road Portishead Bristol BS20 7ER

Trustees

M A Smith S J Snook Mrs E R Snook D J Harman S J Pritchard

Company Secretary

Independent Examiner

Harpers & Co 1st Floor Premier House 127 Duckmoor Road Bristol BS3 2BJ

Approved by order of the board of trustees on 21 January 2022 and signed on its behalf by:

Page 1

The Benjamin Pritchard Foundation CIO

Report of the Trustees

for the Year Ended 31 March 2021

M A Smith - Trustee

Page 2

Independent Examiner's Report to the Trustees of The Benjamin Pritchard Foundation CIO

Independent examiner's report to the trustees of The Benjamin Pritchard Foundation CIO ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

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.

Page 3

Independent Examiner's Report to the Trustees of The Benjamin Pritchard Foundation CIO

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.

Harpers & Co Harpers & Co 1st Floor Premier House 127 Duckmoor Road Bristol BS3 2BJ

21 January 2022

Page 4

The Benjamin Pritchard Foundation CIO

Statement of Financial Activities for the Year Ended 31 March 2021

		31.3.21	31.3.20
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS
FROM
Donations and legacies		23,266	51,003
EXPENDITURE ON
Raising funds	2	21,814	23,259
NET INCOME		1,452	27,744
RECONCILIATION OF FUNDS
Total funds brought forward		82,478	54,734
TOTAL FUNDS CARRIED
FORWARD		83,930	82,478

The notes form part of these financial statements

Page 5

The Benjamin Pritchard Foundation CIO

Balance Sheet

31 March 2021

31.3.21 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 90 CURRENT ASSETS Cash at bank 84,340 CREDITORS Amounts falling due within one year 7 (500) NET CURRENT ASSETS 83,840 TOTAL ASSETS LESS CURRENT LIABILITIES 83,930 NET ASSETS 83,930 FUNDS 8 Unrestricted funds 83,930 TOTAL FUNDS 83,930	31.3.20 Total funds £ 120 82,858 (500) 82,358 82,478 82,478 82,478 82,478

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

The notes form part of these financial statements

Page 6

continued...

The Benjamin Pritchard Foundation CIO

Balance Sheet - continued

31 March 2021

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 21 January 2022 and were signed on its behalf by:

M A Smith - Trustee

The notes form part of these financial statements

Page 7

The Benjamin Pritchard Foundation CIO

Notes to the Financial Statements for the Year Ended 31 March 2021

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance

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.

continued...

Page 8

The Benjamin Pritchard Foundation CIO

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

2. RAISING FUNDS

Raising donations and legacies

Support costs NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets	31.3.21 £ 21,814 31.3.21 £ 30	31.3.20 £ 23,259
		31.3.20 £ 39

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted
	fund
	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	51,003
EXPENDITURE ON
Raising funds	23,259
NET INCOME	27,744
RECONCILIATION OF FUNDS
Total funds brought forward	54,734

continued...

Page 9

The Benjamin Pritchard Foundation CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
	continued
		Unrestricted
		fund
		£
	TOTAL FUNDS CARRIED
	FORWARD	82,478

6.	TANGIBLE FIXED ASSETS
		Fixtures
		and
		fittings
		£
	COST
	At 1 April 2020 and 31 March 2021	159
	DEPRECIATION
	At 1 April 2020	39
	Charge for year	30
	At 31 March 2021	69
	NET BOOK VALUE
	At 31 March 2021	90
	At 31 March 2020	120

continued...

Page 10

The Benjamin Pritchard Foundation CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.21	31.3.20
			£	£
	Accruals and deferred income		500	500
8.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.20	in funds	31.3.21
		£	£	£
	Unrestricted funds
	General fund	82,478	1,452	83,930
	TOTAL FUNDS	82,478	1,452	83,930

	Net movement in funds, included in the above	are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	General fund	23,266	(21,814)	1,452
	TOTAL FUNDS	23,266	(21,814)	1,452

	Comparatives for movement in funds
			Net
			movement	At
		At 1.4.19	in funds	31.3.20
		£	£	£
	Unrestricted funds
	General fund	54,734	27,744	82,478
	TOTAL FUNDS	54,734	27,744	82,478

continued...

Page 11

The Benjamin Pritchard Foundation CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming Resources Movement resources expended in funds £ £ £ 51,003 (23,259) 27,744 51,003 (23,259) 27,744

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	Net movement At 1.4.19 in funds £ £ 54,734 29,196 54,734 29,196	At 31.3.21 £ 83,930
		83,930

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 Movement resources expended in funds £ £ £ 74,269 (45,073) 29,196 74,269 (45,073) 29,196

continued...

Page 12

The Benjamin Pritchard Foundation CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 13

The Benjamin Pritchard Foundation CIO

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities for the Year Ended 31 March 2021
	31.3.21	31.3.20
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Grants	-	1
Donations	9,921	16,328
Fundraising	13,345	34,674
	23,266	51,003
Total incoming resources	23,266	51,003
EXPENDITURE
Support costs
Management
Just Giving	360	418
Coffee Mornings	-	271
Fundraising costs	-	13,321
Computer costs	254	155
Postage and stationery	21	41
Support Services	20,645	8,534
	21,280	22,740
Other
Depreciation of tangible fixed assets	30	39
Governance costs
Accountancy and legal fees	504	480
Total resources expended	21,814	23,259
Net income	1,452	27,744

This page does not form part of the statutory financial statements

Page 14