**REGISTERED COMPANY NUMBER: 11217058 (England and Wales) REGISTERED CHARITY NUMBER: 1180081** 

## **Report of the Trustees and** 

## **Financial Statements for the Year Ended 31 January 2021** 

**for** 

## **Card Factory Foundation** 

Richard Smedley Limited Chartered Accountants & Registered Auditors 2nd Floor, Woodside House 261 Low Lane Horsforth Leeds West Yorkshire LS18 5NY 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

**Contents of the Financial Statements for the Year Ended 31 January 2021** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to 6|
|**Report of the Independent Auditors**|7 to 10|
|**Statement of Financial Activities**|11|
|**Balance Sheet**|12|
|**Cash Flow Statement**|13|
|**Notes to the Cash Flow Statement**|14|
|**Notes to the Financial Statements**|15 to 20|
|**Detailed Statement of Financial Activities**|21|



Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 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 January 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). 

## **OBJECTIVES AND ACTIVITIES Objectives and aims** 

The Foundation has three core funding arms: 

- Match Fund - through which the Foundation provides match funding of the money raised by Card Factory Plc colleagues for charitable causes; 

- Helping Hand - through which the Foundation provides help in a time of need when Card Factory Plc colleagues are facing hardship following a life changing event; and 

- Community Fund - through which the Foundation provides grant funding to local projects, charitable causes and welfare needs to benefit the communities where Card Factory Plc operates. 

The Foundation's objectives are to provide a positive difference for past and present colleagues of Card Factory Plc, their connected persons and the communities in which they live and such other charitable purpose for the benefit of the public as a whole as the charity trustees from time to time in their absolute discretion think fit. 

## The Foundation's core activities are to: 

- Provide grants or donations to charitable causes; 

- Provide match-funding for money raised by colleagues of Card Factory Plc for charitable causes; 

- Provide support, financial or otherwise to projects that improve lives; and 

- Provide support, financial or otherwise towards hardship caused by life changing events. 

All funding applications awarded by the Foundation must be used to cover costs that are directly connected to carrying out the charitable activities that the Foundation Trustees have agreed to fund (Funded Activities). Unless the applicant is able to demonstrate that the expenditure is essential for, and directly linked to, the Funded Activities, funds must not be used to fund salary costs or contributions to the cost of overheads. 

## The Foundation will not support: 

- Activities undertaken by public bodies or organisations contracted to carry out public services on their behalf; 

- Projects with a political element; 

- Mortgage payments, rental payments and other ordinary household running costs (unless arrears have occurred due to a life changing event; 

- Recreation travel for non-medical purposes; 

- Projects which would, in the reasonable opinion of the Charities Trustees, harm the reputation of the Charity; or 

- any non-charitable purpose. 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **STRATEGIC REPORT** 

## **Achievement and performance** 

## **Charitable activities** 

Founded in February 2018, the Foundation are custodians of the money raised from the sale of plastic carrier bags sold in Card Factory stores and other agreed fundraising activities. 

In the year the Foundation have donated £236,982 to charitable causes. Included in this amount the Foundation donated £131,453 between the British Heart Foundation, Alzheimer's Society, NSPCC, Macmillan and Make a Wish in respect of proceeds from the sale of a range of charity Christmas cards sold within Card Factory Stores. 

As a consequence of the Covid-19 Pandemic in April 2021 the Foundation extended the reach of the Helping Hand Fund with the support of the senior leaders of Card Factory Plc. A Covid-19 hardship fund was establish with the majority of funds amounting to £130,348 being donated by certain senior leaders of Card Factory Plc directly and through salary sacrifice. 

Since this time hardship awards have been made to Card Factory Plc colleagues facing severe financial hardship with payments of up to £500 being made during the course of the Pandemic to those colleagues most in need. 

We are proud to have made a positive difference to over 500 colleagues that have been helped financially and would like to thank those senior leaders that made a personal financial sacrifice to allow this fund to happen and for their kind generosity. Subsequent to the year end the Covid-19 hardship fund has now been closed to new applications. 

## **Fundraising activities** 

The Charity does not carry out significant fundraising activities as the income is derived from the sale of Card Factory Plc plastic carrier bags. 

## **Financial review** 

## **Financial position** 

The Foundation's principle source of funding is from the proceeds of sale of the plastic carrier bags sold in the Card Factory Plc stores. 

The Foundation received income by way of cash received from the sale of carrier bags and christmas cards in the year totalling £711,405 (2020: £989,253 for 11 months on an accrued income basis) and held reserves at the  year end of £1,643,777 (2020: £1,620,150). 

The Foundation retain a prudent amount in reserves each period and have tabled a review for an investment policy in the new financial period. 

The Foundation shall continue their activities outlined above in the forthcoming period. 

## **Reserves policy** 

The reserves that we have set aside provide financial stability and the means for the development of our principal activity. The total of funds held at the 31st January 2021 were £1,643,777. 

The Charity has no restricted funds. 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **STRATEGIC REPORT Financial review** 

## **Going concern** 

The financial statements have been prepared on a going concern basis as we believe that no material uncertainties exist. We have considered the level of funds held and the expected level of income and  expenditure for 12 months from authorising these financial statements. The budgeted expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern and we would hope to have better clarity over future income over the forthcoming months. 

We have considered the effects of the current pandemic on the charity and the prudent approach to charitable giving alongside historic income has the effect to provide sufficient funds to support the activities of the charity for the future.  At the time of signing the accounts the bank balance was in excess of £850,000 of cash. 

## **Future plans** 

The Charity understands that it will continue to receive income from the sale of carrier bags and other agreed charitable fundraising from Sportswift Limited, a subsidiary of Card Factory Plc, and will continue to donate these funds as stated above. The Trustees will ensure that any future donations can be adequately funded from existing reserves and expected future income. 

## **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. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Foundation is a charitable company limited by guarantee, incorporated on 21 February 2018 and registered as a charity on 26 September 2018. The company was established with two directors under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. A further seven directors were subsequently appointed following incorporation of the company. In the event of the company being wound up members are required to contribute an amount not exceeding £10. 

The directors of the company are also charity trustees for the purposes of charity. All trustees give their time voluntarily and received no benefits from the charity. 

## **Management of the Foundation** 

The founding member and Chairman of the Foundation is Christopher Beck. A chartered accountant who brings wealth of finance knowledge and business acumen to the Foundation. 

Caroline Thompson-Hayes, also a founding member is a qualified lawyer and is Legal Counsel for Card Factory Plc. Caroline manages the Match Fund. 

Nicola Rogerson is the Head of HR, Group Functions and Resourcing at Card Factory Plc and manages the Helping Hand Fund. 

Jane Rowney is the Communications & Operations Manager at Card Factory Plc and manages the Community Fund. 

Richard Smedley Limited, Chartered Accountants and Registered Auditors, who act as the charity's auditors have expressed their willingness to continue in that capacity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

11217058 (England and Wales) 

## **Registered Charity number** 

1180081 

## **Registered office** 

Century House Brunel Road Wakefield West Yorkshire WF2 0XG 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **Trustees** 

C R Beck Director (resigned 30.9.2021) S Glass Director J Hardy Director G A Pestel Director N L Rogerson Director S J L Rowney Director C Thompson Hayes Director J M York Director (resigned 1.7.2021) S M Gleadall Director 

## **Auditors** 

Richard Smedley Limited Chartered Accountants & Registered Auditors 2nd Floor, Woodside House 261 Low Lane Horsforth Leeds West Yorkshire LS18 5NY 

## **EVENTS SINCE THE END OF THE YEAR** 

Information relating to events since the end of the year is given in the notes to the financial statements. 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees (who are also the directors of Card Factory Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued** 

In so far as the trustees are aware: 

- there is no relevant audit information of which the charitable company's auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 October 2021 and signed on the board's behalf by: 

C Thompson Hayes - Trustee 

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Signoff Date: 

28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Report of the Independent Auditors to the Members of Card Factory Foundation** 

## **Opinion** 

We have audited the financial statements of Card Factory Foundation (the 'charitable company') for the year ended 31 January 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 January 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Report of the Independent Auditors to the Members of Card Factory Foundation** 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Report of the Independent Auditors to the Members of Card Factory Foundation** 

## **Our responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

## **Identifying and assessing potential risks related to irregularities** 

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: 

- the nature of the industry and sector, control environment and business performance ; 

- results of our enquiries of the trustees about their own identification and assessment of the risks of irregularities; 

- any matters we identified having obtained and reviewed the foundation's documentation of their policies and procedures relating to: 

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; 

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; 

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. 

We also obtained an understanding of the legal and regulatory frameworks that the foundation operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code and local tax legislation. 

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the foundation's ability to operate or to avoid a material penalty. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Report of the Independent Auditors to the Members of Card Factory Foundation** 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

Richard Smedley FCA (Senior Statutory Auditor) for and on behalf of Richard Smedley Limited Chartered Accountants & Registered Auditors 2nd Floor, Woodside House 261 Low Lane Horsforth Leeds West Yorkshire LS18 5NY 

27 October 2021 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 January 2021** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**EXPENDITURE ON**<br>Raising funds<br>3<br>Other<br>**Total**<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|**Year Ended**<br>**31.1.21**<br>**Unrestricted**<br>**fund**<br>**£**<br>**711,405**<br>**342,144**<br>**346,034**<br>**688,178**<br>**23,227**<br>**1,620,150**<br>**1,643,377**|Period<br>1.3.19<br>to<br>31.1.20<br>Total<br>funds<br>£<br>989,253<br>81<br>241,982|
|---|---|---|
|||242,063|
|||747,190<br>872,960|
|||1,620,150|



The notes form part of these financial statements 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Balance Sheet** 

## **31 January 2021** 

|Notes<br>**CURRENT ASSETS**<br>Debtors<br>9<br>Cash at bank<br>**CREDITORS**<br>Amounts falling due within one year<br>10<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**NET ASSETS/(LIABILITIES)**<br>**FUNDS**<br>11<br>Unrestricted funds<br>**TOTAL FUNDS**|**31.1.21**<br>**Unrestricted**<br>**fund**<br>**£**<br>**836,729**<br>**1,206,560**<br>**2,043,289**<br>**(399,912)**<br>**1,643,377**<br>**1,643,377**<br>**1,643,377**<br>**1,643,377**<br>**1,643,377**|31.1.20<br>Total<br>funds<br>£<br>1,856,136<br>165,527<br>2,021,663<br>(401,513)<br>1,620,150<br>1,620,150<br>1,620,150<br>1,620,150<br>1,620,150|
|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2021 and were signed on its behalf by: 

C Thompson Hayes - Trustee 

The notes form part of these financial statements 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



## **Card Factory Foundation** 

## **Cash Flow Statement** 

## **for the Year Ended 31 January 2021** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by operating activities<br>**Change in cash and cash equivalents in**<br>**the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end of**<br>**the reporting period**|**Year Ended**<br>**31.1.21**<br>**£**<br>**1,041,033**<br>**1,041,033**<br>**1,041,033**<br>**165,527**<br>**1,206,560**|Period<br>1.3.19<br>to<br>31.1.20<br>£<br>139,514|
|---|---|---|
|||139,514|
||||
|||139,514<br>26,013|
|||165,527|



The notes form part of these financial statements 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Cash Flow Statement** 

## **for the Year Ended 31 January 2021** 

## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

|**ACTIVITIES**|||
|---|---|---|
|**Net income for the reporting period (as per the Statement of**<br>**Financial Activities)**<br>**Adjustments for:**<br>Decrease/(increase) in debtors<br>Decrease in creditors<br>**Net cash provided by operations**|**Year Ended**<br>**31.1.21**<br>**£**<br>**23,227**<br>**1,019,407**<br>**(1,601)**<br>**1,041,033**|Period<br>1.3.19<br>to<br>31.1.20<br>£<br>747,190<br>(401,273)<br>(206,403)|
|||139,514|



2. **ANALYSIS OF CHANGES IN NET FUNDS** 

|**Net cash**<br>Cash at bank<br>**Total**|At 1.2.20<br>£<br>**165,527**<br>**165,527**<br>**165,527**|Cash flow<br>£<br>**1,041,033**<br>**1,041,033**<br>**1,041,033**|**At 31.1.21**<br>**£**<br>**1,206,560**|
|---|---|---|---|
||||**1,206,560**|
||||**1,206,560**|



The notes form part of these financial statements 

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Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

**Notes to the Financial Statements for the Year Ended 31 January 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. 

The financial statements are presented in Sterling (£). 

## **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. 

## **Allocation and apportionment of costs** 

Expenditure is apportioned where it relates to more than one cost category. The method of apportionment uses the most appropriate basis in each case. 

## **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. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Debtors and creditors** 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 

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**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

|**2.**<br>**DONATIONS AND LEGACIES**<br>**Year Ended**<br>**31.1.21**<br>**£**<br>Donations<br>**711,405**<br>**3.**<br>**RAISING FUNDS**<br>**Raising donations and legacies**<br>**Year Ended**<br>**31.1.21**<br>**£**<br>Support costs<br>**342,039**<br>**Other trading activities**<br>**Year Ended**<br>**31.1.21**<br>**£**<br>Support costs<br>**105**<br>Aggregate amounts<br>**342,144**|Period<br>1.3.19<br>to<br>31.1.20<br>£<br>989,253|Period<br>1.3.19<br>to<br>31.1.20<br>£<br>989,253|
|---|---|---|
||Period<br>1.3.19<br>to<br>31.1.20<br>£<br>-||
||Period<br>1.3.19<br>to<br>31.1.20<br>£<br>81<br>81||
|||81|



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**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

## **4. SUPPORT COSTS** 

|**SUPPORT COSTS**|||
|---|---|---|
|Management<br>£<br>Raising donations and legacies<br>**342,039**<br>Other trading activities<br>**13**<br>Other resources expended<br>**341,034**<br>**683,086**|Governance<br>Finance<br>costs<br>£<br>£<br>**-**<br>**-**<br>**92**<br>**-**<br>**-**<br>**5,000**<br>**92**<br>**5,000**|Totals<br>£<br>**342,039**<br>**105**<br>**346,034**|
|||**688,178**|



## **5. NET INCOME/(EXPENDITURE)** 

Net income/(expenditure) is stated after charging/(crediting): 

|||Period|
|---|---|---|
|||1.3.19|
||**Year Ended**|to|
||**31.1.21**|31.1.20|
||**£**|£|
|Auditors' remuneration|**3,500**|3,500|
|Other non-audit services|**1,500**|1,500|



## **6. TRUSTEES' REMUNERATION AND BENEFITS** 

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

## **Trustees' expenses** 

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

continued... 

Page 17 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

## **7. STAFF COSTS** 

The average number of employees for the period was 0 (2020 - 0). 

|**8.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>**EXPENDITURE ON**<br>Raising funds<br>Other<br>**Total**<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**<br>**9.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>**31.1.21**<br>**£**<br>VAT<br>**16,354**<br>Accrued income<br>**820,375**<br>**836,729**||Unrestricted<br>fund<br>£<br>989,253<br>81<br>241,982<br>242,063<br>747,190<br>872,960<br>1,620,150<br>31.1.20<br>£<br>2,228<br>1,853,908<br>1,856,136|
|---|---|---|
||||



continued... 

Page 18 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

|**10.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Accrued expenses<br>**11.**<br>**MOVEMENT IN FUNDS**<br>At 1.2.20<br>£<br>**Unrestricted funds**<br>General fund<br>**1,620,150**<br>**TOTAL FUNDS**<br>**1,620,150**<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>**711,405**<br>**TOTAL FUNDS**<br>**711,405**<br>**Comparatives for movement in funds**<br>At 1.3.19<br>£<br>**Unrestricted funds**<br>General fund<br>872,960<br>**TOTAL FUNDS**<br>872,960||**31.1.21**<br>**£**<br>**399,912**<br>Net<br>movement<br>in funds<br>£<br>**23,227**<br>**23,227**<br>Resources<br>expended<br>£<br>**(688,178)**<br>**(688,178)**<br>Net<br>movement<br>in funds<br>£<br>747,190<br>747,190|31.1.20<br>£<br>401,513<br>At<br>31.1.21<br>£<br>**1,643,377**<br>**1,643,377**<br>Movement<br>in funds<br>£<br>**23,227**<br>**23,227**<br>At<br>31.1.20<br>£<br>1,620,150<br>1,620,150|
|---|---|---|---|
|||||
|||||



continued... 

Page 19 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

## **11. MOVEMENT IN FUNDS - continued** 

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

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>989,253<br>989,253|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(242,063)<br>747,190<br>(242,063)<br>747,190|
|---|---|---|



## **12. RELATED PARTY DISCLOSURES** 

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

## **13. POST BALANCE SHEET EVENTS** 

The trustees have taken into consideration the effects of Covid-19 on the charity. 

The trustees consider this to be a non-adjusting post balance sheet event. 

Page 20 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Detailed Statement of Financial Activities for the Year Ended 31 January 2021** 

|**Detailed Statement of Financial Activities**<br>**for the Year Ended 31 January 2021**|||
|---|---|---|
|||Period|
|||1.3.19|
||Year Ended|to|
||31.1.21|31.1.20|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**711,405**|989,253|
|**Total incoming resources**|**711,405**|989,253|
|**EXPENDITURE**|||
|**Support costs**|||
|**Management**|||
|Sundries|**1,928**|13|
|Donations|**670,814**|236,982|
|Administrative expenses|**10,344**|-|
||**683,086**|236,995|
|**Finance**|||
|Bank charges|**92**|68|
|**Governance costs**|||
|Auditors' remuneration|**3,500**|3,500|
|Auditors' remuneration for non audit work|**1,500**|1,500|
||**5,000**|5,000|
|Total resources expended|**688,178**|242,063|
|**Net income**|**23,227**|747,190|



This page does not form part of the statutory financial statements 

Page 21 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**REGISTERED COMPANY NUMBER: 11217058 (England and Wales) REGISTERED CHARITY NUMBER: 1180081** 

## **Report of the Trustees and** 

## **Financial Statements for the Year Ended 31 January 2021** 

**for** 

## **Card Factory Foundation** 

Richard Smedley Limited Chartered Accountants & Registered Auditors 2nd Floor, Woodside House 261 Low Lane Horsforth Leeds West Yorkshire LS18 5NY 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Contents of the Financial Statements for the Year Ended 31 January 2021** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to 6|
|**Report of the Independent Auditors**|7 to 10|
|**Statement of Financial Activities**|11|
|**Balance Sheet**|12|
|**Cash Flow Statement**|13|
|**Notes to the Cash Flow Statement**|14|
|**Notes to the Financial Statements**|15 to 20|



Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation (Registered number: 11217058)** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 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 January 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). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The Foundation has three core funding arms: 

- Match Fund - through which the Foundation provides match funding of the money raised by Card Factory Plc colleagues for charitable causes; 

- Helping Hand - through which the Foundation provides help in a time of need when Card Factory Plc colleagues are facing hardship following a life changing event; and 

- Community Fund - through which the Foundation provides grant funding to local projects, charitable causes and welfare needs to benefit the communities where Card Factory Plc operates. 

The Foundation's objectives are to provide a positive difference for past and present colleagues of Card Factory Plc, their connected persons and the communities in which they live and such other charitable purpose for the benefit of the public as a whole as the charity trustees from time to time in their absolute discretion think fit. 

## The Foundation's core activities are to: 

- Provide grants or donations to charitable causes; 

- Provide match-funding for money raised by colleagues of Card Factory Plc for charitable causes; 

- Provide support, financial or otherwise to projects that improve lives; and 

- Provide support, financial or otherwise towards hardship caused by life changing events. 

All funding applications awarded by the Foundation must be used to cover costs that are directly connected to carrying out the charitable activities that the Foundation Trustees have agreed to fund (Funded Activities). Unless the applicant is able to demonstrate that the expenditure is essential for, and directly linked to, the Funded Activities, funds must not be used to fund salary costs or contributions to the cost of overheads. 

## The Foundation will not support: 

- Activities undertaken by public bodies or organisations contracted to carry out public services on their behalf; 

- Projects with a political element; 

- Mortgage payments, rental payments and other ordinary household running costs (unless arrears have occurred due to a life changing event; 

- Recreation travel for non-medical purposes; 

- Projects which would, in the reasonable opinion of the Charities Trustees, harm the reputation of the Charity; or 

- any non-charitable purpose. 

Page 1 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation (Registered number: 11217058)** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **STRATEGIC REPORT** 

## **Achievement and performance** 

## **Charitable activities** 

Founded in February 2018, the Foundation are custodians of the money raised from the sale of plastic carrier bags sold in Card Factory stores and other agreed fundraising activities. 

In the year the Foundation have donated £236,982 to charitable causes. Included in this amount the Foundation donated £131,453 between the British Heart Foundation, Alzheimer's Society, NSPCC, Macmillan and Make a Wish in respect of proceeds from the sale of a range of charity Christmas cards sold within Card Factory Stores. 

As a consequence of the Covid-19 Pandemic in April 2021 the Foundation extended the reach of the Helping Hand Fund with the support of the senior leaders of Card Factory Plc. A Covid-19 hardship fund was establish with the majority of funds amounting to £130,348 being donated by certain senior leaders of Card Factory Plc directly and through salary sacrifice. 

Since this time hardship awards have been made to Card Factory Plc colleagues facing severe financial hardship with payments of up to £500 being made during the course of the Pandemic to those colleagues most in need. 

We are proud to have made a positive difference to over 500 colleagues that have been helped financially and would like to thank those senior leaders that made a personal financial sacrifice to allow this fund to happen and for their kind generosity. Subsequent to the year end the Covid-19 hardship fund has now been closed to new applications. 

## **Fundraising activities** 

The Charity does not carry out significant fundraising activities as the income is derived from the sale of Card Factory Plc plastic carrier bags. 

## **Financial review** 

## **Financial position** 

The Foundation's principle source of funding is from the proceeds of sale of the plastic carrier bags sold in the Card Factory Plc stores. 

The Foundation received income by way of cash received from the sale of carrier bags and christmas cards in the year totalling £711,405 (2020: £989,253 for 11 months on an accrued income basis) and held reserves at the  year end of £1,643,777 (2020: £1,620,150). 

The Foundation retain a prudent amount in reserves each period and have tabled a review for an investment policy in the new financial period. 

The Foundation shall continue their activities outlined above in the forthcoming period. 

## **Reserves policy** 

The reserves that we have set aside provide financial stability and the means for the development of our principal activity. The total of funds held at the 31st January 2021 were £1,643,777. 

The Charity has no restricted funds. 

Page 2 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation (Registered number: 11217058)** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **STRATEGIC REPORT** 

## **Financial review** 

## **Going concern** 

The financial statements have been prepared on a going concern basis as we believe that no material uncertainties exist. We have considered the level of funds held and the expected level of income and  expenditure for 12 months from authorising these financial statements. The budgeted expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern and we would hope to have better clarity over future income over the forthcoming months. 

We have considered the effects of the current pandemic on the charity and the prudent approach to charitable giving alongside historic income has the effect to provide sufficient funds to support the activities of the charity for the future.  At the time of signing the accounts the bank balance was in excess of £850,000 of cash. 

## **Future plans** 

The Charity understands that it will continue to receive income from the sale of carrier bags and other agreed charitable fundraising from Sportswift Limited, a subsidiary of Card Factory Plc, and will continue to donate these funds as stated above. The Trustees will ensure that any future donations can be adequately funded from existing reserves and expected future income. 

## **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. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

Page 3 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation (Registered number: 11217058)** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Foundation is a charitable company limited by guarantee, incorporated on 21 February 2018 and registered as a charity on 26 September 2018. The company was established with two directors under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. A further seven directors were subsequently appointed following incorporation of the company. In the event of the company being wound up members are required to contribute an amount not exceeding £10. 

The directors of the company are also charity trustees for the purposes of charity. All trustees give their time voluntarily and received no benefits from the charity. 

## **Management of the Foundation** 

The founding member and Chairman of the Foundation is Christopher Beck. A chartered accountant who brings wealth of finance knowledge and business acumen to the Foundation. 

Caroline Thompson-Hayes, also a founding member is a qualified lawyer and is Legal Counsel for Card Factory Plc. Caroline manages the Match Fund. 

Nicola Rogerson is the Head of HR, Group Functions and Resourcing at Card Factory Plc and manages the Helping Hand Fund. 

Jane Rowney is the Communications & Operations Manager at Card Factory Plc and manages the Community Fund. 

Richard Smedley Limited, Chartered Accountants and Registered Auditors, who act as the charity's auditors have expressed their willingness to continue in that capacity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

11217058 (England and Wales) 

## **Registered Charity number** 

1180081 

## **Registered office** 

Century House Brunel Road Wakefield West Yorkshire WF2 0XG 

Page 4 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation (Registered number: 11217058)** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **Trustees** 

C R Beck Director (resigned 30.9.2021) S Glass Director J Hardy Director G A Pestel Director N L Rogerson Director S J L Rowney Director C Thompson Hayes Director J M York Director (resigned 1.7.2021) S M Gleadall Director 

## **Auditors** 

Richard Smedley Limited Chartered Accountants & Registered Auditors 2nd Floor, Woodside House 261 Low Lane Horsforth Leeds West Yorkshire LS18 5NY 

## **EVENTS SINCE THE END OF THE YEAR** 

Information relating to events since the end of the year is given in the notes to the financial statements. 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees (who are also the directors of Card Factory Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Page 5 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation (Registered number: 11217058)** 

## **Report of the Trustees** 

## **for the Year Ended 31 January 2021** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued** 

In so far as the trustees are aware: 

- there is no relevant audit information of which the charitable company's auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 October 2021 and signed on the board's behalf by: 

C Thompson Hayes - Trustee 

Page 6 

Signoff Date: 

28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Report of the Independent Auditors to the Members of Card Factory Foundation** 

## **Opinion** 

We have audited the financial statements of Card Factory Foundation (the 'charitable company') for the year ended 31 January 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 January 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 

Page 7 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Report of the Independent Auditors to the Members of Card Factory Foundation** 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

Page 8 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Report of the Independent Auditors to the Members of Card Factory Foundation** 

## **Our responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

## **Identifying and assessing potential risks related to irregularities** 

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: 

- the nature of the industry and sector, control environment and business performance ; 

- results of our enquiries of the trustees about their own identification and assessment of the risks of irregularities; 

- any matters we identified having obtained and reviewed the foundation's documentation of their policies and procedures relating to: 

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; 

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; 

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. 

We also obtained an understanding of the legal and regulatory frameworks that the foundation operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code and local tax legislation. 

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the foundation's ability to operate or to avoid a material penalty. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

Page 9 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Report of the Independent Auditors to the Members of Card Factory Foundation** 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

Richard Smedley FCA (Senior Statutory Auditor) for and on behalf of Richard Smedley Limited Chartered Accountants & Registered Auditors 2nd Floor, Woodside House 261 Low Lane Horsforth Leeds West Yorkshire LS18 5NY 

27 October 2021 

Page 10 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 January 2021** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**EXPENDITURE ON**<br>Raising funds<br>3<br>Other<br>**Total**<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|**Year Ended**<br>**31.1.21**<br>**Unrestricted**<br>**fund**<br>**£**<br>**711,405**<br>**342,144**<br>**346,034**<br>**688,178**<br>**23,227**<br>**1,620,150**<br>**1,643,377**|Period<br>1.3.19<br>to<br>31.1.20<br>Total<br>funds<br>£<br>989,253<br>81<br>241,982|
|---|---|---|
|||242,063|
|||747,190<br>872,960|
|||1,620,150|



The notes form part of these financial statements 

Page 11 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



## **Card Factory Foundation (Registered number: 11217058)** 

## **Balance Sheet** 

## **31 January 2021** 

|Notes<br>**CURRENT ASSETS**<br>Debtors<br>9<br>Cash at bank<br>**CREDITORS**<br>Amounts falling due within one year<br>10<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**NET ASSETS/(LIABILITIES)**<br>**FUNDS**<br>11<br>Unrestricted funds<br>**TOTAL FUNDS**|**31.1.21**<br>**Unrestricted**<br>**fund**<br>**£**<br>**836,729**<br>**1,206,560**<br>**2,043,289**<br>**(399,912)**<br>**1,643,377**<br>**1,643,377**<br>**1,643,377**<br>**1,643,377**<br>**1,643,377**|31.1.20<br>Total<br>funds<br>£<br>1,856,136<br>165,527<br>2,021,663<br>(401,513)<br>1,620,150<br>1,620,150<br>1,620,150<br>1,620,150<br>1,620,150|
|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2021 and were signed on its behalf by: 

C Thompson Hayes - Trustee 

The notes form part of these financial statements 

Page 12 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



## **Card Factory Foundation** 

## **Cash Flow Statement** 

## **for the Year Ended 31 January 2021** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by operating activities<br>**Change in cash and cash equivalents in**<br>**the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end of**<br>**the reporting period**|**Year Ended**<br>**31.1.21**<br>**£**<br>**1,041,033**<br>**1,041,033**<br>**1,041,033**<br>**165,527**<br>**1,206,560**|Period<br>1.3.19<br>to<br>31.1.20<br>£<br>139,514|
|---|---|---|
|||139,514|
||||
|||139,514<br>26,013|
|||165,527|



The notes form part of these financial statements 

Page 13 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Cash Flow Statement** 

## **for the Year Ended 31 January 2021** 

## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

|**ACTIVITIES**|||
|---|---|---|
|**Net income for the reporting period (as per the Statement of**<br>**Financial Activities)**<br>**Adjustments for:**<br>Decrease/(increase) in debtors<br>Decrease in creditors<br>**Net cash provided by operations**|**Year Ended**<br>**31.1.21**<br>**£**<br>**23,227**<br>**1,019,407**<br>**(1,601)**<br>**1,041,033**|Period<br>1.3.19<br>to<br>31.1.20<br>£<br>747,190<br>(401,273)<br>(206,403)|
|||139,514|



2. **ANALYSIS OF CHANGES IN NET FUNDS** 

|**Net cash**<br>Cash at bank<br>**Total**|At 1.2.20<br>£<br>**165,527**<br>**165,527**<br>**165,527**|Cash flow<br>£<br>**1,041,033**<br>**1,041,033**<br>**1,041,033**|**At 31.1.21**<br>**£**<br>**1,206,560**|
|---|---|---|---|
||||**1,206,560**|
||||**1,206,560**|



The notes form part of these financial statements 

Page 14 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

**Notes to the Financial Statements for the Year Ended 31 January 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. 

The financial statements are presented in Sterling (£). 

## **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. 

## **Allocation and apportionment of costs** 

Expenditure is apportioned where it relates to more than one cost category. The method of apportionment uses the most appropriate basis in each case. 

## **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. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Debtors and creditors** 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 

Page 15 

continued... 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

|**2.**<br>**DONATIONS AND LEGACIES**<br>**Year Ended**<br>**31.1.21**<br>**£**<br>Donations<br>**711,405**<br>**3.**<br>**RAISING FUNDS**<br>**Raising donations and legacies**<br>**Year Ended**<br>**31.1.21**<br>**£**<br>Support costs<br>**342,039**<br>**Other trading activities**<br>**Year Ended**<br>**31.1.21**<br>**£**<br>Support costs<br>**105**<br>Aggregate amounts<br>**342,144**|Period<br>1.3.19<br>to<br>31.1.20<br>£<br>989,253|Period<br>1.3.19<br>to<br>31.1.20<br>£<br>989,253|
|---|---|---|
||Period<br>1.3.19<br>to<br>31.1.20<br>£<br>-||
||Period<br>1.3.19<br>to<br>31.1.20<br>£<br>81<br>81||
|||81|



Page 16 

continued... 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

## **4. SUPPORT COSTS** 

|**SUPPORT COSTS**|||
|---|---|---|
|Management<br>£<br>Raising donations and legacies<br>**342,039**<br>Other trading activities<br>**13**<br>Other resources expended<br>**341,034**<br>**683,086**|Governance<br>Finance<br>costs<br>£<br>£<br>**-**<br>**-**<br>**92**<br>**-**<br>**-**<br>**5,000**<br>**92**<br>**5,000**|Totals<br>£<br>**342,039**<br>**105**<br>**346,034**|
|||**688,178**|



## **5. NET INCOME/(EXPENDITURE)** 

Net income/(expenditure) is stated after charging/(crediting): 

|||Period|
|---|---|---|
|||1.3.19|
||**Year Ended**|to|
||**31.1.21**|31.1.20|
||**£**|£|
|Auditors' remuneration|**3,500**|3,500|
|Other non-audit services|**1,500**|1,500|



## **6. TRUSTEES' REMUNERATION AND BENEFITS** 

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

## **Trustees' expenses** 

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

continued... 

Page 17 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

## **7. STAFF COSTS** 

The average number of employees for the period was 0 (2020 - 0). 

|**8.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>**EXPENDITURE ON**<br>Raising funds<br>Other<br>**Total**<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**<br>**9.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>**31.1.21**<br>**£**<br>VAT<br>**16,354**<br>Accrued income<br>**820,375**<br>**836,729**||Unrestricted<br>fund<br>£<br>989,253<br>81<br>241,982<br>242,063<br>747,190<br>872,960<br>1,620,150<br>31.1.20<br>£<br>2,228<br>1,853,908<br>1,856,136|
|---|---|---|
||||



continued... 

Page 18 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

|**10.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Accrued expenses<br>**11.**<br>**MOVEMENT IN FUNDS**<br>At 1.2.20<br>£<br>**Unrestricted funds**<br>General fund<br>**1,620,150**<br>**TOTAL FUNDS**<br>**1,620,150**<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>**711,405**<br>**TOTAL FUNDS**<br>**711,405**<br>**Comparatives for movement in funds**<br>At 1.3.19<br>£<br>**Unrestricted funds**<br>General fund<br>872,960<br>**TOTAL FUNDS**<br>872,960||**31.1.21**<br>**£**<br>**399,912**<br>Net<br>movement<br>in funds<br>£<br>**23,227**<br>**23,227**<br>Resources<br>expended<br>£<br>**(688,178)**<br>**(688,178)**<br>Net<br>movement<br>in funds<br>£<br>747,190<br>747,190|31.1.20<br>£<br>401,513<br>At<br>31.1.21<br>£<br>**1,643,377**<br>**1,643,377**<br>Movement<br>in funds<br>£<br>**23,227**<br>**23,227**<br>At<br>31.1.20<br>£<br>1,620,150<br>1,620,150|
|---|---|---|---|
|||||
|||||



continued... 

Page 19 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



**Card Factory Foundation** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 31 January 2021** 

## **11. MOVEMENT IN FUNDS - continued** 

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

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>989,253<br>989,253|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(242,063)<br>747,190<br>(242,063)<br>747,190|
|---|---|---|



## **12. RELATED PARTY DISCLOSURES** 

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

## **13. POST BALANCE SHEET EVENTS** 

The trustees have taken into consideration the effects of Covid-19 on the charity. 

The trustees consider this to be a non-adjusting post balance sheet event. 

Page 20 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



## Dear Sirs 

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your audit of the charitable company’s financial statements for the period ended 31 January 2021.  These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations.  All representations are made to the best of our knowledge and belief. 

## **General** 

- 1 We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter dated 17 October 2019, under the Companies Act 2006 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (FRS 102), for being satisfied that they give a true and fair view and for making accurate representations to you. 

- 2 All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records. 

- 3 All the accounting records have been made available to you for the purpose of your audit.  We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. 

- 4 The financial statements are free of material misstatements, including omissions. 

- 5 There were no uncorrected misstatements. 

## **Internal control and fraud** 

- 6 We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error.  We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud. 

- 7 We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. 

- 8 We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others. 

## **Assets and liabilities** 

- 9 The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements. 

- 10 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. 

- 11 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements. 

## **Accounting estimates** 

- 12 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. 

## **Legal claims** 

- 13 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements. 

## **Laws and regulations** 

- 14 We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



## **Related parties** 

- 15 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. 

## **Subsequent events** 

- 16 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. 

## **Going concern** 

- 17 We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company’s needs.  We have considered a period of twelve months from the date of approval of the financial statements.   We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the financial statements. 

## **Grants and donations** 

- 18 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. 

We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware. 

Each director has taken all the steps that he ought to have taken as a director in order to make themself aware of any relevant audit information and to establish that you are aware of that information. 

Yours faithfully 

.............................................................................................................................. Signed on behalf of the board of directors / trustees 

- [Date] 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 



(1717.0CFF) 

**Company Tax Return CT600 (2021) Version 3** 


**for accounting periods starting on or after 1 April 2015** 

## Your Company Tax Return 

If we send the company a ‘Notice’ to deliver a Company Tax Return it has to comply by the filing date or we charge a penalty, even if there is no tax to pay. 

A return includes a Company Tax Return form, any supplementary pages, accounts, computations and any relevant information. The CT600 Guide tells you how the return must be formatted and delivered. It contains general information you may need to deliver your return, links to more detailed advice and box-by–box guidance for this form and the supplementary pages. 

The forms in the CT600 series set out the information we need and provide a standard format for calculations. 

## Company information 

|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**1  **|**Company name**|Card Factory Foundation||||||||||||
|||||||||||||||
|**2  **|**Company registration number**||||1|1|2|1|7|0|5|8||
|||||||||||||||
|**3  **|**Tax reference**||9|8|7|2|8|1|7|7|3|5||
|||||||||||||||
|**4  **|**Type of company**|||||||||||0||
|||||||||||||||



## Northern Ireland 

||**Put an ‘X’ in the appropriate box(es) below**|**Put an ‘X’ in the appropriate box(es) below**||||
|---|---|---|---|---|---|
|**5  **|**NI trading activity**||**6  **|**SME**||
|**7  **|**NI employer**||**8  **|**Special circumstances**||



## About this return 

**This is the above company’s return for the period 30 from** DD MM YYYY **35 to** DD MM YYYY 0 1 0 2 2 0 2 0 3 1 0 1 2 0 2 1 **Put an ‘X’ in the appropriate box(es) below 40 A repayment is due for this return period 45 Claim or relief affecting an earlier period 50 Making more than one return for this company now 55 This return contains estimated figures 60 Company part of a group that is not small 65 Notice of disclosable avoidance schemes Transfer Pricing 70 Compensating adjustment claimed 75 Company qualifies for SME exemption** 

> Signoff Date: CT600(2021) Version 3 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 

HMRC 04/21 

Page 1 



(1717.0CFF) 

About this return  - continued 

**Accounts and computations** 

- **80 I attach accounts and computations for the period to which this return relates** 

X 

- **85 I attach accounts and computations for a different period** 

- **90  If you are not attaching the accounts and computations, say why not** 

**Supplementary pages enclosed** 

- **95 Loans and arrangements to participators by close companies** – form CT600A 

- **100 Controlled foreign companies and foreign permanent establishment exemptions** – form CT600B 

- **105 Group and consortium** – form CT600C 

- **110 Insurance** – form CT600D 

- **115 Charities and Community Amateur Sports Clubs (CASCs)** – form CT600E X 

- **120 Tonnage Tax** – form CT600F 

- **125 Northern Ireland** - form CT600G **130 Cross-border Royalties** – form CT600H 

- **135 Supplementary charge in respect of ring fence trades** – form CT600I 

- **140 Disclosure of Tax Avoidance Schemes** – form CT600J 

- **141 Restitution Tax** – form CT600K **142 Research and Development -** form CT600L 

## **Tax calculation** 

## Turnover 

||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**145  **|**Total turnover from trade**|£|||||||||||||||||||||•|0|0||
|**150**|**Banks, building societies, insurance**|**companies and**|||||**other financial**||||**concerns**_–_||||||||||||||||
||put an ‘X’ in this box if you do not have a recognised||||||turnover and have not made an|||||||||entry in box 145|||||||||||
|Income|||||||||||||||||||||||||||
||||||||||||||||||||||||||||
|**155  **|**Trading profits**|||||||||£|||||||||||||•|0|0||
||||||||||||||||||||||||||||
|**160  **|**Trading losses brought forward set**|**against**|||**trading**||**profits**|||£|||||||||||||•|0|0||
||||||||||||||||||||||||||||
|**165  **|**Net trading profits –**box 155 minus|box 160||||||||£|||||||||||||•|0|0||
||||||||||||||||||||||||||||
|**170  **|**Bank, building society or other interest, and profits**|||||||||£|||||||||||||•|0|0||
||**from non-trading loan relationships**||||||||||||||||||||||||||



- **172 Put an ‘X’ in box 172 if the figure in box 170 is net of carrying back a deficit from a later accounting period** 

> Signoff Date: CT600(2021) Version 3 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 

Page 2 

HMRC 04/21 



(1717.0CFF) 

Income - continued 

||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**175  **|**Annual payments not otherwise charged to Corporation Tax**<br>**and from which Income Tax has not been deducted**||£||||||||||||||•||0|0|||
|**180  **<br>|**Non-exempt dividends or distributions from**<br>**non–UK resident companies**||£||||||||||||||•||0|0|||
|**185  **|**Income from which Income Tax has been deducted**||£||||||||||||||•||0|0|||
||||||||||||||||||||||||
|**190  **|**Income from a property business**||£||||||||||||||•||0|0|||
||||||||||||||||||||||||
|**195  **|**Non-trading gains on intangible fixed assets**||£||||||||||||||•||0|0|||
||||||||||||||||||||||||
|**200  **|**Tonnage Tax profits**||£||||||||||||||•||0|0|||
||||||||||||||||||||||||
|**205  **|**Income not falling under any other heading**||£||||||||||||||•||0|0|||
||||||||||||||||||||||||
|Chargeable gains|||||||||||||||||||||||
||||||||||||||||||||||||
|**210  **|**Gross chargeable gains**||£||||||||||||||•||0|0|||
||||||||||||||||||||||||
|**215  **|**Allowable losses including losses brought forward**||£||||||||||||||•||0|0|||
||||||||||||||||||||||||
|**220  **|**Net chargeable gains**_–_box 210 minus box 215||£||||||||||||||•||0|0|||
||||||||||||||||||||||||



## Profits before deductions and reliefs 

|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**225  **|**Losses brought forward against certain investment income**|£||||||||||||•|0|0||
|||||||||||||||||||
|**230  **|**Non-trade deficits on loan relationships (including interest)**|£||||||||||||•|0|0||
||**and derivative contracts (financial instruments)**|||||||||||||||||
||**brought forward set against non-trading profits**|||||||||||||||||
|**235  **|**Profits before other deductions and reliefs –** net sum of|£||||||||||||•|0|0||
||boxes 165 to 205 and 220 minus sum of boxes 225 and 230|||||||||||||||||
|Deductions and reliefs||||||||||||||||||
|||||||||||||||||||
|**240  **|**Losses on unquoted shares**|£||||||||||||•|0|0||
|||||||||||||||||||
|**245  **|**Management expenses**|£||||||||||||•|0|0||
|||||||||||||||||||
|**250  **|**UK property business losses for this or previous**|£||||||||||||•|0|0||
||**accounting period**|||||||||||||||||
|**255  **|**Capital allowances for the purposes of management**|£||||||||||||•|0|0||
||**of the business**|||||||||||||||||
|**260  **|**Non-trade deficits for this accounting period from loan**|£||||||||||||•|0|0||
||**relationships and derivative contracts (financial instruments)**|||||||||||||||||



> Signoff Date: CT600(2021) Version 3 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 

HMRC 04/21 

Page 3 



(1717.0CFF) 

Deductions and Reliefs  - continued 


**----- Start of picture text -----**<br>
263 Carried forward non-trade deficits from loan relationships<br> and derivative contracts (financial instruments) £ • 0 0<br>265 Non-trading losses on intangible fixed assets  £ • 0 0<br>275 Total trading losses of this or a later accounting period  £ • 0 0<br>280  Put an ‘X’ in box 280 if amounts carried back from later<br>accounting periods are included in box 275<br>285 Trading losses carried forward and claimed against total profits  £ • 0 0<br>290 Non-trade capital allowances  £ • 0 0<br>295 Total of deductions and reliefs  £ • 0 0<br>  -  total of boxes 240 to 275, 285 and 290<br>300 Profits before qualifying donations and group relief £ • 0 0<br>  -  box 235 minus box 295<br>305 Qualifying donations   £ • 0 0<br>310 Group relief  £ • 0 0<br>312 Group relief for carried forward losses  £ • 0 0<br>315 Profits chargeable to Corporation Tax   £ 0 • 0 0<br>  -  box 300 minus boxes 305, 310 and 312<br>320 Ring fence profits included  £ • 0 0<br>325 Northern Ireland profits included  £ • 0 0<br>**----- End of picture text -----**<br>


## Tax calculation 

Enter how much profit has to be charged and at what rate 


**----- Start of picture text -----**<br>
Rate of tax<br>Financial<br>Amount of profit Tax<br>year (yyyy) %<br>330 335 £ 340 345 £                                 p<br>350 £ 355 360 £                                 p<br>365 £ 370 375 £                                 p<br>380 385 £ 390 395 £                                 p<br>400 £ 405 410 £                                 p<br>415 £ 420 425 £                                 p<br>Corporation Tax -  total of boxes 345, 360, 375, 395, 410 and 425 430 £ •<br>Marginal relief for ring fence trades 435 £ •<br>Corporation Tax chargeable   box 430 minus box 435 440 £ 0 • 0 0<br>**----- End of picture text -----**<br>


> Signoff Date: CT600(2021) Version 3 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 

HMRC 04/21 

Page 4 



(1717.0CFF) 

## Reliefs and deductions in terms of tax 

|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**445  **|**Community investment relief**|£||||||||||||•||||
|||||||||||||||||||
|**450  **|**Double taxation relief**|£||||||||||||•||||
|**455  **|**Put an ‘X’ in box 455 if box 450 includes an underlying**<br>**Rate relief claim**|||||||||||||||||
|**460  **|**Put an ‘X’ in box 460 if box 450 includes an amount carried**<br>**back from a later period**|||||||||||||||||
|**465  **|**Advance Corporation Tax**|£||||||||||||•||||
|||||||||||||||||||
|**470  **|**Total reliefs and deduction in terms of tax**|£||||||||||||•||||
||– total of boxes 445, 450 and 465|||||||||||||||||



## Coronavirus support schemes and overpayments (see CT600 guide for definitions) 

|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**471  **|**CJRS and JSS received**|£||||||||||||•||||
|||||||||||||||||||
|**472  **|**CJRS and JSS entitlement**|£||||||||||||•||||
|||||||||||||||||||
|**473  **|**CJRS and JSS overpayment already assessed or voluntary disclosed**|£||||||||||||•||||
|||||||||||||||||||
|**474  **|**JRB and EOTHO overpayments**|£||||||||||||•||||
|||||||||||||||||||
|Calculation of tax outstanding or overpaid||||||||||||||||||
|||||||||||||||||||
|**475  **|**Net Corporation Tax liability – **box 440 minus box 470|£||||||||||||•||||
|||||||||||||||||||
|**480  **|**Tax payable on loans and arrangements to participators**|£|||||||||||0|•|0|0||
|**485  **|**Put an ‘X’ in box 485 if you completed box A70 in the**<br>**supplementary pages CT600A**|||||||||||||||||
|**490  **|**CFC tax payable**|£||||||||||||•||||
|||||||||||||||||||
|**495  **|**Bank levy payable**|£||||||||||||•||||
|||||||||||||||||||
|**496  **|**Bank surcharge payable**|£||||||||||||•||||
|||||||||||||||||||
|**500  **|**CFC tax, bank levy and bank surcharge payable**|£||||||||||||•||||
||**–**total of boxes 490, 495 and 496|||||||||||||||||
|**505  **|**Supplementary charge (ring fence trades) payable**|£||||||||||||•||||
|||||||||||||||||||
|**510  **|**Tax chargeable****_–_**total of boxes 475, 480, 500 and 505|£|||||||||||0|•|0|0||
|||||||||||||||||||
|**515  **|**Income Tax deducted from gross income included in profits**|£||||||||||||•||||
|||||||||||||||||||
|**520  **|**Income Tax repayable to the company**|£||||||||||||•||||
|||||||||||||||||||
|**525  **|**Self-assessment of tax payable before restitution tax**|£|||||||||||0|•|0|0||
||**and coronavirus support scheme overpayments**|||||||||||||||||
||**–**box 510 minus box 515|||||||||||||||||



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(1717.0CFF) 

## Calculation of tax outstanding or overpaid - continued 

|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**526  **|**Coronavirus support schemes overpayment now due**|£|||||||||||0|•|0|0||
||**–**total of boxes 471 and 474 minus boxes 472 and 473|||||||||||||||||
|**527  **|**Restitution tax**|£||||||||||||•||||
|||||||||||||||||||
|**528  **|**Self-assessment of tax payable**|£|||||||||||0|•|0|0||
||**–**total of boxes 525, 526 and 527|||||||||||||||||
|Tax reconciliation||||||||||||||||||
|||||||||||||||||||
|**530**|**Research and Development credit**|£||||||||||||•||||
|||||||||||||||||||
|**535**|**(not currently used)**|£||||||||||||•||||
|||||||||||||||||||
|**540**|**Creative tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**545  **|**Total of Research and Development credit**|£||||||||||||•||||
||**and creative tax credit –**total box 530 to 540|||||||||||||||||
|**550**|**Land remediation tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**555**|**Life assurance company tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**560  **|**Total land remediation and life assurance company tax credit**|£||||||||||||•||||
||**–**total box 550 and 555|||||||||||||||||
|**565  **|**Capital allowances first-year tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**570  **|**Surplus Research and Development credits or**|£||||||||||||•||||
||**creative tax credit payable –**box 545 minus box 525|||||||||||||||||
|**575  **|**Land remediation or life assurance company tax credit payable**|£||||||||||||•||||
||**–**total of boxes 545 and 560 minus boxes 525 and 570|||||||||||||||||
|**580  **|**Capital allowances first-year tax credit payable**|£||||||||||||•||||
||**-**boxes 545, 560 and 565 minus boxes 525, 570 and 575|||||||||||||||||
|**585  **|**Ring fence Corporation Tax included**|£||||||||||||•||||
|||||||||||||||||||
|**586  **|**NI Corporation Tax included**|£||||||||||||•||||
|||||||||||||||||||
|**590  **|**Ring fence supplementary charge included**|£||||||||||||•||||
|||||||||||||||||||
|**595  **|**Tax already paid (and not already repaid)**|£||||||||||||•||||
|||||||||||||||||||
|**600  **|**Tax outstanding –**|£||||||||||||•||||
||box 525 minus boxes 545, 560, 565 and 595|||||||||||||||||
|**605  **|**Tax overpaid including surplus or payable credits**|£||||||||||||•||||
||ttl  f b 545 560 565 d 595 i 525|||||||||||||||||



- **605 Tax overpaid including surplus or payable credits -** total sum of boxes 545, 560, 565 and 595 minus 525 

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(1717.0CFF) 

Tax reconciliation - continued 

- **610 Group tax refunds surrendered to this company** £ • **615 Research and Development expenditure credits** £ • **surrendered to this company** 

## Indicators and information 


**----- Start of picture text -----**<br>
620 Franked investment income/Exempt ABGH distributions  £ • 0 0<br>625 Number of 51% group companies 0<br>Put an ‘X’ in the relevant boxes, if in the period, the company:<br>630  should have made (whether it has or not) instalment payments as a large company<br>under the Corporation Tax (Instalment Payments) Regulations<br>631  should have made (whether it has or not) instalment payments as a very large company<br>under the Corporation Tax (Instalment Payments) Regulations<br>635 is within a group payments arrangement for the period<br>640 has written down or sold intangible assets<br>645 has made cross-border royalty payments<br>647 Eat Out to Help Out Scheme: reimbursed discounts  £ • 0 0<br> included as taxable income<br>**----- End of picture text -----**<br>


## **Information about enhanced expenditure** 

## Research and Development (R&D) or creative enhanced expenditure 

|**650  **|**Put an ‘X’ in box 650 if the claim is made by a small or medium-sized**<br>**enterprise (SME), including a SME subcontractor to a large company**|**Put an ‘X’ in box 650 if the claim is made by a small or medium-sized**<br>**enterprise (SME), including a SME subcontractor to a large company**|**Put an ‘X’ in box 650 if the claim is made by a small or medium-sized**<br>**enterprise (SME), including a SME subcontractor to a large company**||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**655  **|**Put an ‘X’ in box 655 if the claim is made by a large company**||||||||||||||||||
|**660**|**R&D enhanced expenditure**|£|||||||||||||•|0|0||
||||||||||||||||||||
|**665**|**Creative enhanced expenditure**|£|||||||||||||•|0|0||
||||||||||||||||||||
|**670  **|**R&D and creative enhanced expenditure**|£|||||||||||||•|0|0||
||total box 660 and box 665||||||||||||||||||
|**675  **|**R&D enhanced expenditure of a SME on work**|£|||||||||||||•|0|0||
||**subcontracted to it by a large company**||||||||||||||||||
|**680  **|**Vaccine research expenditure**|£|||||||||||||•|0|0||
||||||||||||||||||||



## Land remediation enhanced expenditure 

**685 Enter the total enhanced expenditure** 

£ • 0 0 

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**Information about capital allowances and balancing charges** Allowances and charges in calculation of trading profits and losses 

||**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|||||||||**Balancing charges**|**Balancing charges**|**Balancing charges**|**Balancing charges**|**Balancing charges**||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Annual investment**<br>**allowance**|**690**|£||||||||||||||||||||||||||
|**Machinery and plant**<br>**– special rate pool**|<br>**695**|£||||||||||||**700**|£|||||||||||||
|**Machinery and plant**<br>**– main pool**|<br>**705**|£||||||||||||**710**|£|||||||||||||
|**Structures and**<br>**buildings**|**711**|£||||||||||||||||||||||||||
|**Business premises**<br>**renovation**|**715**|£||||||||||||**720**|£|||||||||||||
|**Other allowances**<br>**and charges**|**725**|£||||||||||||**730**|£|||||||||||||
||**Capital allowances**|||||||||||||**Disposal**||**value**||||||||||||
|**Electric**<br>**charge-points**|**713**|£||||||||||||**714**|£|||||||||||||
|**Enterprise zones**|**721**|£||||||||||||**722**|£|||||||||||||
|**Zero emissions**<br>**goods vehicles**|**723**|£||||||||||||**724**|£|||||||||||||
|**Zero emissions**|**726**|£||||||||||||**727**|£|||||||||||||
|**cars**||||||||||||||||||||||||||||



## Allowances and charges not included in calculation of trading profits and losses 

||**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|||||||||**Balancing charges**|**Balancing charges**|**Balancing charges**|**Balancing charges**|**Balancing charges**||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Annual investment**<br>**allowance**|**735**|£||||||||||||||||||||||||||
|**Structures and**<br>**buildings**|**736**|£||||||||||||||||||||||||||
|**Business premises**<br>**renovation**|**740**|£||||||||||||**745**|£|||||||||||||
|**Other allowances**<br>**and charges**|**750**|£||||||||||||**755**|£|||||||||||||
||**Capital allowances**|||||||||||||**Disposal**||**value**||||||||||||
|**Electric**<br>**charge-points**|**737**|£||||||||||||**738**|£|||||||||||||
|**Enterprise zones**|**746**|£||||||||||||**747**|£|||||||||||||
|**Zero emissions**<br>**goods vehicles**|**748**|£||||||||||||**749**|£|||||||||||||
|**Zero emissions**|**751**|£||||||||||||**752**|£|||||||||||||
|**cars**||||||||||||||||||||||||||||



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(1717.0CFF) 

Qualifying expenditure 

|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**760  **|**Machinery and plant on which first**|£||||||||||||•|0|0||
||**year allowance is claimed**|||||||||||||||||
|**765  **|**Designated environmentally friendly**|£||||||||||||•|0|0||
||**machinery and plant**|||||||||||||||||
|**770  **|**Machinery and plant on long-life**|£||||||||||||•|0|0||
||**assets and integral features**|||||||||||||||||
|**771  **|**Structures and buildings**|£||||||||||||•|0|0||
|||||||||||||||||||
|**775  **|**Other machinery and plant**|£||||||||||||•|0|0||
|||||||||||||||||||



## **Losses, deficits and excess amounts** Amount arising 

||**Amount**|**Amount**||||||||||||**Maximum available**|**Maximum available**|**Maximum available**|**Maximum available**|**Maximum available**|**for surrender**|**for surrender**|**for surrender**|**for surrender**||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||**as group relief**||||||||||||||
|**Losses of trades**<br>**carried on wholly**|**780**|£||||||||||||**785**|£|||||||||||||
|**or partly in the UK**<br> **Losses of trades**|**790**|£||||||||||||||||||||||||||
|**carried on wholly**||||||||||||||||||||||||||||
|**outside the UK**||||||||||||||||||||||||||||
|**Non-trade deficits**|**795**|£||||||||||||**800**|£|||||||||||||
|**on loan relationships**||||||||||||||||||||||||||||
|**and derivative contracts**||||||||||||||||||||||||||||
|**UK property**<br>**business losses**|**805**|£||||||||||||**810**|£|||||||||||||
|**Overseas property**<br>**business losses**|**815**|£||||||||||||||||||||||||||
|**Losses from**<br>**miscellaneous**|**820**|£||||||||||||||||||||||||||
|**transactions**||||||||||||||||||||||||||||
|**Capital losses**|**825**|£||||||||||||||||||||||||||
|**Non-trading losses on**<br>**intangible fixed assets**|**830**|£||||||||||||**835**|£|||||||||||||



## Excess amounts 

**Amount Maximum available for surrender as group relief Non-trade capital 840** £ **allowances Qualifying donations 845** £ **Management expenses 850** £ **855** £ 


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(1717.0CFF) 

**Northern Ireland information** 

|**856  **<br>|**Amount of group relief claimed which relates to NI trading**<br>**losses used against rest of UK/mainstream profits**|£||||||||||||•|0|0||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**857  **<br>|**Amount of group relief claimed which relates to NI trading**<br>**losses used against NI trading profits**|£||||||||||||•|0|0||
|**858  **<br>|**Amount of group relief claimed which relates to rest of**<br>**UK/mainstream losses used against NI trading profits**|£||||||||||||•|0|0||



## **Overpayments and repayments** Small repayments 

**860 Do not repay sums of** £ • 0 0 **or less. Read the overpayments and repayments section of the Company Tax Return Guide for specific guidance on when and how to make an entry in this box.** 

## Repayments for the period covered by this return 

|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**865**|**Repayment of Corporation Tax**|£||||||||||||•||||
|||||||||||||||||||
|**870**|**Repayment of Income Tax**|£||||||||||||•||||
|||||||||||||||||||
|**875**|**Payable Research and Development tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**880**|**Payable Research and Development expenditure credit**|£||||||||||||•||||
|||||||||||||||||||
|**885**|**Payable creative tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**890**|**Payable land remediation or life assurance company**|£||||||||||||•||||
||**tax credit**|||||||||||||||||
|**895**|**Payable capital allowances first-year tax credit**|£||||||||||||•||||
|||||||||||||||||||



## Surrender of tax refund within group 

**Including surrenders under the Instalment Payments Regulations.** 

|**900  The following amount is to be surrendered**<br>£<br>•<br>**Put an ‘X’ in the appropriate box(es) below**<br>**the joint Notice is attached**<br>**905**<br>**or**<br>**will follow**<br>**910**<br>**915**<br> **Please stop repayment of the following amount**<br>**until we send you the Notice**<br>£<br>•|£||||||||||||•|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|



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**(1717.0CFF)** 

Bank details (for person to whom a repayment is to be made) 

**920 Name of bank or building society** 

- **925 Branch sort code** 

**930 Account number** 

**935 Name of account 940 Building society reference** 


## Payments to a person other than the company 

- **945 Complete the authority below if you want the repayment to be made to a person other than the company I, as** (enter status – company secretary, treasurer, liquidator or authorised agent, etc) 

- **950 of** (enter company name) 

**955 authorise** (enter name) 

- **960 of address** (enter address) 


- **965 Nominee reference** 

**to receive payment on company’s behalf** 

**970 Name** 

## **Declaration** 

## **Declaration** 

I declare that the information I have given on this Company Tax Return and any supplementary pages is correct and complete to the best of my knowledge and belief. 

I understand that giving false information in the return, or concealing any part of the company’s profits or tax payable, can lead to both the company and me being prosecuted. 

- **975 Name** 

## CAROLINE THOMPSON-HAYES 

- **980 Date** DD MM YYYY 

2 7 1 0 2 0 2 1 **985 Status** DIRECTOR 

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(1717.0CFF) 

**Company Tax Return – supplementary page Charities and Community Amateur Sports Clubs (CASCs) CT600E (2015) Version 3 for accounting periods starting on or after 1 April 2015** 

## **Guidance** 

Guidance about when and how to complete this supplementary page can be found in the CT600 Guide. 

For further information read _What supplementary pages do I need to complete and include as part of the Company Tax Return?_ to find out what supplementary pages you need to complete. 

Also, read the _Important points about all supplementary pages_ and _CT600E – Charities and Community Amateur Sports Clubs (CASCs)_ for further guidance about completing this supplementary page. 

## **Company information** 


**----- Start of picture text -----**<br>
E1 Company name Card Factory Foundation<br>(name of charity or CASC)<br>E2 Tax reference<br>9 8 7 2 8 1 7 7 3 5<br>Period covered by this supplementary page (cannot exceed 12 months)<br>E3 from  DD MM YYYY<br>0 1 0 2 2 0 2 0<br>E4  to  DD MM YYYY<br>3 1 0 1 2 0 2 1<br>Claims to exemption ( this section should be completed in all cases)<br>Charity/CASC repayment reference  E5<br>Charity Commission registration number, or   E10 1180081<br>OSCR number (if applicable)<br>Put an ‘X’ in the relevant box if during the period covered by these supplementary pages:<br>The company was a charity/CASC and is claiming  E15 X<br>exemption from all tax on all or part of its income<br>and gains  (Also put an ‘X’ in box E15 if the company<br>was a charity/CASC but had no income or gains in the period)<br>All income and gains are exempt from tax and have been,   E20 X<br>or will be, applied for charitable or qualifying purposes only<br>Some of the income and gains may not be exempt or have   E25<br>not been applied for charitable or qualifying purposes only,<br>and I have completed form CT600<br>I claim exemption from tax<br>Name<br>E30<br>Status<br>E35<br>Date  DD MM YYYY<br>E40<br>**----- End of picture text -----**<br>


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(1717.0CFF) 

Repayments 

**To make a repayment claim for the period covered by these supplementary pages, please register and enrol to use the Charities Online service. See CT600 guide for further information.** 

**Put an ‘X’ in the box if during the period covered by these supplementary pages you have over claimed tax. E45** 

## Information required 

**Enter details of any income received from the following sources, claimed as exempt from tax in the hands of the charity/CASC. Enter the figure included in the charity’s/CASC’S accounts for the period covered by this return.** 

**Non-exempt amounts should be entered on form CT600 in the appropriate boxes.** 

|**Type of income**<br>**Amount**<br>**Enter total turnover from exempt charitable**<br>**trading activities**<br>£<br>0<br>0<br>•<br>**E50**<br>**Investment income – exclude any amounts included on**<br>**form CT600**<br>£<br>0<br>0<br>•<br>**E55**<br>**UK land and buildings – exclude any amounts included**<br>**on form CT600**<br>£<br>0<br>0<br>•<br>**E60**<br>**Gift Aid – exclude any amounts included on form CT600**<br>£<br>0<br>0<br>•<br>**E65**<br>**From other charities – exclude any amounts included**<br>**on form CT600**<br>£<br>0<br>0<br>•<br>**E70**<br>**Gifts of shares or securities received**<br>£<br>0<br>0<br>•<br>**E75**<br>**Gifts of real property received**<br>£<br>0<br>0<br>•<br>**E80**<br>**Other sources (not included above)**<br>£<br>0<br>0<br>•<br>**E85**<br>**Total of boxes E50 to E85**<br>£<br>0<br>0<br>•<br>**E90**<br>7<br>1<br>1<br>4<br>0<br>5<br>7<br>1<br>1<br>4<br>0<br>5|**Type of income**<br>**Amount**<br>**Enter total turnover from exempt charitable**<br>**trading activities**<br>£<br>0<br>0<br>•<br>**E50**<br>**Investment income – exclude any amounts included on**<br>**form CT600**<br>£<br>0<br>0<br>•<br>**E55**<br>**UK land and buildings – exclude any amounts included**<br>**on form CT600**<br>£<br>0<br>0<br>•<br>**E60**<br>**Gift Aid – exclude any amounts included on form CT600**<br>£<br>0<br>0<br>•<br>**E65**<br>**From other charities – exclude any amounts included**<br>**on form CT600**<br>£<br>0<br>0<br>•<br>**E70**<br>**Gifts of shares or securities received**<br>£<br>0<br>0<br>•<br>**E75**<br>**Gifts of real property received**<br>£<br>0<br>0<br>•<br>**E80**<br>**Other sources (not included above)**<br>£<br>0<br>0<br>•<br>**E85**<br>**Total of boxes E50 to E85**<br>£<br>0<br>0<br>•<br>**E90**<br>7<br>1<br>1<br>4<br>0<br>5<br>7<br>1<br>1<br>4<br>0<br>5|**Type of income**<br>**Amount**<br>**Enter total turnover from exempt charitable**<br>**trading activities**<br>£<br>0<br>0<br>•<br>**E50**<br>**Investment income – exclude any amounts included on**<br>**form CT600**<br>£<br>0<br>0<br>•<br>**E55**<br>**UK land and buildings – exclude any amounts included**<br>**on form CT600**<br>£<br>0<br>0<br>•<br>**E60**<br>**Gift Aid – exclude any amounts included on form CT600**<br>£<br>0<br>0<br>•<br>**E65**<br>**From other charities – exclude any amounts included**<br>**on form CT600**<br>£<br>0<br>0<br>•<br>**E70**<br>**Gifts of shares or securities received**<br>£<br>0<br>0<br>•<br>**E75**<br>**Gifts of real property received**<br>£<br>0<br>0<br>•<br>**E80**<br>**Other sources (not included above)**<br>£<br>0<br>0<br>•<br>**E85**<br>**Total of boxes E50 to E85**<br>£<br>0<br>0<br>•<br>**E90**<br>7<br>1<br>1<br>4<br>0<br>5<br>7<br>1<br>1<br>4<br>0<br>5|
|---|---|---|
||0|0|



**Enter details of expenditure as shown in the charity’s/CASC’s accounts for the period covered by these supplementary pages** 

|**Type of expenditure**<br>**Amount**<br>**Trading costs in relation to exempt charitable activities**<br>**(in box E50)**<br>£<br>0<br>0<br>•<br>**E95**<br> **UK land and buildings costs in relation to exempt**<br>**charitable activities (in box E60)**<br>£<br>0<br>0<br>•<br>**E100**<br> **All general administration/governance costs**<br>£<br>0<br>0<br>•<br>**E105**<br> **All grants and donations made within the UK**<br>£<br>0<br>0<br>•<br>**E110**<br>**All grants and donations made outside the UK**<br>£<br>0<br>0<br>•<br>**E115**<br> **Other expenditure not included above, or not used in**<br>**calculating figures entered on the form CT600**<br>£<br>0<br>0<br>•<br>**E120**<br>**Total of boxes E95 to E120**<br>£<br>0<br>0<br>•<br>**E125**<br>6<br>8<br>8<br>1<br>7<br>8<br>6<br>8<br>3<br>0<br>8<br>6<br>5<br>0<br>9<br>2|**Type of expenditure**<br>**Amount**<br>**Trading costs in relation to exempt charitable activities**<br>**(in box E50)**<br>£<br>0<br>0<br>•<br>**E95**<br> **UK land and buildings costs in relation to exempt**<br>**charitable activities (in box E60)**<br>£<br>0<br>0<br>•<br>**E100**<br> **All general administration/governance costs**<br>£<br>0<br>0<br>•<br>**E105**<br> **All grants and donations made within the UK**<br>£<br>0<br>0<br>•<br>**E110**<br>**All grants and donations made outside the UK**<br>£<br>0<br>0<br>•<br>**E115**<br> **Other expenditure not included above, or not used in**<br>**calculating figures entered on the form CT600**<br>£<br>0<br>0<br>•<br>**E120**<br>**Total of boxes E95 to E120**<br>£<br>0<br>0<br>•<br>**E125**<br>6<br>8<br>8<br>1<br>7<br>8<br>6<br>8<br>3<br>0<br>8<br>6<br>5<br>0<br>9<br>2|**Type of expenditure**<br>**Amount**<br>**Trading costs in relation to exempt charitable activities**<br>**(in box E50)**<br>£<br>0<br>0<br>•<br>**E95**<br> **UK land and buildings costs in relation to exempt**<br>**charitable activities (in box E60)**<br>£<br>0<br>0<br>•<br>**E100**<br> **All general administration/governance costs**<br>£<br>0<br>0<br>•<br>**E105**<br> **All grants and donations made within the UK**<br>£<br>0<br>0<br>•<br>**E110**<br>**All grants and donations made outside the UK**<br>£<br>0<br>0<br>•<br>**E115**<br> **Other expenditure not included above, or not used in**<br>**calculating figures entered on the form CT600**<br>£<br>0<br>0<br>•<br>**E120**<br>**Total of boxes E95 to E120**<br>£<br>0<br>0<br>•<br>**E125**<br>6<br>8<br>8<br>1<br>7<br>8<br>6<br>8<br>3<br>0<br>8<br>6<br>5<br>0<br>9<br>2|
|---|---|---|
||0|0|



> Signoff Date: CT600E(2015) Version 3 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 

Page 2 

HMRC 04/15 



(1717.0CFF) 

Information required 

## **Charity/CASC assets** 

|**Charity/CASC assets**|**Charity/CASC assets**|**Charity/CASC assets**|**Charity/CASC assets**||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Disposals in period**|||||||||||||**Held at the**|||**end of the period**|||||||||||
|**(total consideration received)**|||||||||||||**(use accounts figures)**||||||||||||||
|**Tangible fixed**<br>**E130**<br>£|||||||||||||**E135**|£|||||||||||||
|**assets**|||||||||||||||||||||||||||
|**UK investments**<br>**E140**<br>£|||||||||||||**E145**|£|||||||||||||
|**(excluding**|||||||||||||||||||||||||||
|**controlled companies)**|||||||||||||||||||||||||||
|**Shares in,**<br>**E150**<br>£|||||||||||||**E155**|£|||||||||||||
|**and loans to,**|||||||||||||||||||||||||||
|**controlled companies**|||||||||||||||||||||||||||
|**Overseas**<br>**E160**<br>£|||||||||||||**E165**|£|||||||||||||
|**investments**|||||||||||||||||||||||||||
|**Loans and non-trade debtors**|||||||||||||**E170**|£|||||||||||||
||||||||||||||||||||||||||||
|**Other current assets**|||||||||||||**E175**|£||||||2|0|4|3|2|8|9|
||||||||||||||||||||||||||||
|**Qualifying investments and loans**|||||||||||||**E180**||||||||||||||
|_Applies to charities only. See CT600 Guide_|||||||||||||||||||||||||||
|**Value of any non-qualifying investments and loans**|||||||||||||**E185**|£|||||||||||||
|_Applies to charities only. See CT600 Guide_|||||||||||||||||||||||||||
|**Number of subsidiary or associated companies the charity**|||||||||||||**E190**||||||||||||||
|**controls at the end of the period. Exclude companies that**|||||||||||||||||||||||||||
|**were dormant throughout the period**|||||||||||||||||||||||||||



> Signoff Date: CT600E(2015) Version 3 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) 

HMRC 04/15 

Page 3 




All parties have accepted the use of electronic signature for this document and have signed as follows: 

**Signed By: Caroline Thompson-Hayes** Date: 10/28/2021 3:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local) Original Recipient: caroline.thompson-hayes@cardfactoryfoundation.org IP: 2.30.215.9 Message Id 5DC94BF986CE7E1550BF678BBE42CF734AEFC66D Client Code 


RPost[®] Technologies: General terms, conditions, service levels, legal, trademark, and patent notices are available on RPost company (www.rmail.com) and product websites (https://www.rmail.com/legal-notices-2/legal-patent-notice/) RPost’s services, including RMail®, RSign®, Registered Email™, SideNote®, RMail encryption, and others are RPost patented technologies protected with US and non-US patent applications and US patents 8209389, 8224913, 8468199, 8161104, 8468198, 8504628, 7966372, 6182219, 6571334, 8484706, 9100355, 7707624, and other US and non-US patents listed at RPost company (www.rmail.com) and product websites (https://www.rpost.com/about-rpost/intellectual-property/trademarks). 

Signoff Date: 28/10/2021 03:14:12 PM (UTC) 28/10/2021 04:14:12 PM (Local)