Charity registration No. 1179487 MEGAN HURLEY FOUNDATION TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023
Megan Hurley Foundatlon Trustees Annual Report and Financial Statements For The Year Ended 30 November 2023 Contsnts Page Tru5tees' Rewrt Independent Examiners Report statement of Financial Activitles Balance Sheet Notes to the Financial Statements 9-10
Megan Hurley Foundatlon Legal and Administrative Information For The Year Ended 30 November 2023 Charity Number Trustees LL79487 Nichael Hudey Joanne Hurley Gay Anderson Leanne Owens Reglstered Offlce L6a Mackets Lane Llverpool L25 OLQ Bankers National Westminster Bank PIC 146 Widne5 Road Widnes Cheshire WA8 6BB Independent Examlner Adam Swann FCCA Swann Accountants Ltd Incorporated Financial Accountants 16a Mackets Lane Llverpool L25 OLQ Pasc 3
Megan Hurley Foundatlon Charity No. 1179487 Trustees Report For The Year Ended 30 November 2023 The Trustees presents their annual report and the financial statements for the period ending 30 November 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the CIO'S constitution, The charities Act 2011 and "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 Republlc of Iland IFRS 1021" as amended for accountlng peAods commencing from l January 2016. Governlng Document Megan Hurley Foundation is a Charitable Incorporated Oryanisation, registered with the Charity Commission, governed by its constitution. The CIO was registered on 8 August 20L8. Objectives and activities The purp05e5 of the charity, a5 set out in the governing document are to provide Short temi help and suptK)rt to self-employed families who are unable to attend work due to the sudden and unexpected loss of a child. The charity may also provide support to other good causes that will beneflt chlldren. The trustees ablde by charlty objectlves to accept or decline funding appllcations. Achlevements and performance The period of December 2022 lo November 2023. Some key fundraising activities included.. Our third annual bike ride, raising around £17,000. MCR Remembers annual Charity Football match raised £7,000. We We also chosen as Adlent's charity of the year 2023 whlch ralsed over £10,000. Given the cashless scciety we operate within we decided to remove most of the collection boxes from local businesses with the exception of Just four who wished to continue to support the charity in this way. During the period, the charity was able to provide financial 5UPPQrt to 6 bereaved families following their tragic circumstances involving their beloved children. We were able to provlde support to other gcK)d causes In the local communlty that benefltted children Sncluding providlng klts and equipment, promoting our charity, to two local football clubs. Also, we contributed towards the costs of travel for a local youth who was given an opportunity to progress his football career in Barcelona. Throughout 2023 we started to develop collaborative relationships with Alder Hey Snowdrop team, the bereavement service have referred a number of families to our charity for support. We look forward to 202415 and continuing to build on our relationships with Snowdrop bereavement team. We continue to plan for our next annual bike ride which is 9rowing in popularity year on year. Flnanclal Revlew The trustees are satisfied with the reserves for 2022123. We work to continue to promote the charity and build funds to retain a positive position In being able to offer support to eligible families. Pasc4
Megan Hurley Foundatlon Charity No. 1179487 Trustees Report For The Year Ended 30 November 2023 Statement of Trustees Responsibilities The Trustees are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law appllcable to chèrities In England and Wales qUireS the Trustees to prere accounts for each flnancial year which give a true and fair view of the state of affairs of the charity and of the Incoming resources and application of resources of the charity for that year. In preparing these accounts. the Trustees are required to.. select 5Ultable accounting policies and then apply them consistenlly.. observe the method5 and principle5 in the Statement of Recommended Practice Accounting and Reporting by Charities, i55ued in March 2005,. make judgements and estlmates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained In the accounts. and prepa the accounts on the going concern basis unless it is Inappropriate to presume that the charity will continue in operation. The Tru5tee5 are responsible for keeping Sufficient accounting records that disc105e with reasonable accuracy at any time the financial position of the charitable company and enable them to ensu that the accounts comply with the Companies Act 2006. They a also responsible for safeguarding the assets of the charlty and hence for taking reasonable steps for the preventlon and detectlon of fraud nd other irregularities. The Trustees, report was approved by the board of Trustees on 12 September 2024 Mr Nichael Hurley Trustee Mrs Joanne Hurlev Trustee Pasc 5
Megan Hurley Foundatlon Independent Examiners Report For The Year Ended 30 November 2023 Independent examiner's report to the trustees of Megan Hurley Foundation I report to the trustees on my examination of the accounts of the charity the year ended 30 November 2023. Responsibilitie5 and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the QUIrementS of the Charities Act 2011 1.the Att-l. Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for Independent examination, I report In respert of my examination of your charity's accounts as carried out under sertion 145 of the Charities Act 2011 rthe 20LI Act". In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of the Act. Independert Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connectSon with the examination which gives me cause to believe that in, any material spect.. the accounting records were not kept in accordance with sertion 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 Conrning 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 conSided 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 thls report In order to enable a proper understandlng of the accounts to be reached. 12 September 2024 Adam Swann ACCA Swann Accountants Ltd Incorporated Financial Accountants 16a Mackets Lane LivertK)oI L25 OLQ Pasc 6
Megan Hurley Foundatlon ststement of Financial Activities For The Year Ended 30 November 2023 Unrestricted funds Restricted income funds Notes Total funds Income Income and endowments from: Donations 47,283 3,378 47,283 3,378 Charitable activities Total 50.661 50,661 Expenditure Expenditure on: Raising funds Charitable activities 2,646 12,446 15,092 2,646 12,446 15,092 Total Net Income 35.569 35.569 Reconclllatlon gf funds.. Total funds brought forward 103,687 139,256 103,687 139,256 Total funds carried forward The statement of financial activities includes all gains and losses ognISed in the period. All income 3nd expenditure derive from continuing activities. Pasc 7
Megan Hurley Foundatlon Balance Sheet As at 30 November 2023 Restricted income funds Unrestricted funds Totsl for period Note5 Current Assets Cash at bank and In hand 139,256 139,256 139,256 139.256 Total current assets Llabllltles Creditors.. amounts falling due within one year Net current assets/(liabilities) 139,256 139,256 Totsl assets less current Ilabllltles 139,256 139,256 NET ASSETS (LIABILrtIES) 139,256 139,256 Funds of the Charity Restricted income fund5 Unrestricted funds 139,256 139,256 139,256 139.256 TOTAL FUNDS The financial Statements were approved by The Trustee5 on 12 September 2024 M Hudey Trustee J Hurley Trustee Pasc 8
Megan Hurley Foundatlon Notes to the Financial Statements For The Year Ended 30 November 2023 l. Accounting Policies 1.1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the CIOS'S constitution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from L January 20161. The CIO is a public Benefit Entity as defined by FRS 102. The flnanclal statements are prepared In sterllng, which Is the functional currency of the CIO. Monetary amounts In these rinancial statements are rounded to the nearest E. The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section IA Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. These financial statements a the first financial statements of the CIO and cover the period the period from incorporation from 23 November 2019 to 30 November 2023.There are no comparative figures to be affected by this extended period of accounts., 1.2. Going Concern At the time of approvlng the financial statements, the Trustees has a aSOnable expectation that the CIO has adequate resources to continue In operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3. Income Income is recognised when the CTO is legally entitled to it after any performance conditions have been met, the amounts can be measufftd reliablyi and It Is probable that the Income wlll be received. Cash donations are CogniSed on receipt. other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. 1.4 Taxation The charity 15 exempt from CortK)ration Tax on its charitable activities. 2. Expendlture Restricted income funds Analysis Unrestrlcted funds Total funds Expendlture on ralslng funds: Incurred Seeking donations 1,160 1,160 Advertising and marketing 72 72 Staging fundraising events 1,354 1,354 Other 60 60 Total expenditure on raising funds 2,646 2,646 3. Charlt?ble artlvltle$ Restricted income funds Expenditure on charitable activities: Unrestricted funds Totsl funds Charitable donations 12,446 12,466 Totsl expendlture on charltsble actlvltles 12,466 12,466 Pllge 9
Megan Hurley Foundation Notes to the Financial Ststements For The Year Ended 30 November 2023 4. Trustees Remuneratlon and Benefits There were no trustees, remuneration or other benefits for the year ended 30 November 2023 Trustees. Expenses There were no Trustees, expenses paid for the year ended 30 November 2023. Page 10