REGISTERED CHARITY NUMBER: 1181867
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
THE WOLLSTONECRAFT SOCIETY
Cornfield Accountants Limited Chartered Accountants 5 Cornfield Terrace Eastbourne East Sussex BN21 4NN
THE WOLLSTONECRAFT SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |
THE WOLLSTONECRAFT SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 purpose of the charity is to carry Mary Wollstonecraft's legacy of human rights, equality and justice into young people's lives. This is to be achieved by supporting the advancement of:
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Education
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Citizenship
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Community development
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Arts, culture and heritage in places associated with Mary Wollstonecraft
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Religious and racial harmony
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Equality and diversity
Significant activities
This year we were pleased to be able to invest in the development of education materials for primary school children to learn about the life of Mary Wollstonecraft. These were made available online and widely shared. Many schools chose to use the materials to become Wollstonecraft schools and for others they provided a more general inspiration. We further funded the distribution of comics illustrating the life of Mary Wollstonecraft to primary schools.
We held our second annual Mary Wollstonecraft lecture, again working with the London School of Economics (LSE) and again online. This year we were inspired to hear from Helena Kennedy QC and Fawzia Amini about evacuating women judges in Afghanistan.
FINANCIAL REVIEW
Financial position
We have ended 2022 with reserves of £13,865. These are held for the further production of educational resources we have developed around the work and principles of Mary Wollstonecraft. We also hope they will be used for supporting greater involvement with schools. As a small, volunteer lead charity we have few outgoings so our existence remains unthreatened by ongoing economic pressures.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Wollstonecraft Society is a Charitable Incorporated Organisation run by volunteers. We now have five Trustees (three for 2022) and are supported by additional volunteers with the skills we require to meet our objects.
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THE WOLLSTONECRAFT SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1181867
Principal address
49 Croftdown Road London NW5 1EL
Trustees
S Gulamhusein A Hughes D Robinson B Rowlatt C Utley
Independent Examiner
Cornfield Accountants Limited Chartered Accountants 5 Cornfield Terrace Eastbourne East Sussex BN21 4NN
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees 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).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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THE WOLLSTONECRAFT SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Ms C Utley - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WOLLSTONECRAFT SOCIETY
Independent examiner's report to the trustees of The Wollstonecraft Society
I report to the charity trustees on my examination of the accounts of The Wollstonecraft Society (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Shaun Muller FCCA ACA Cornfield Accountants Limited Chartered Accountants 5 Cornfield Terrace Eastbourne East Sussex BN21 4NN
Date: .............................................
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THE WOLLSTONECRAFT SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 413 Investment income 2 63 Total 476 EXPENDITURE ON Charitable activities Development, launch and delivery of educational materials 7,771 Other 1,277 Total 9,048 NET INCOME/(EXPENDITURE) (8,572) RECONCILIATION OF FUNDS Total funds brought forward 22,437 TOTAL FUNDS CARRIED FORWARD 13,865 |
2021 Total funds £ 244 3 247 400 988 1,388 (1,141) 23,578 22,437 |
|---|---|
The notes form part of these financial statements
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THE WOLLSTONECRAFT SOCIETY
BALANCE SHEET 31 DECEMBER 2022
| 2022 Unrestricted fund Notes £ CURRENT ASSETS Debtors 4 - Cash at bank 14,725 14,725 CREDITORS Amounts falling due within one year 5 (860) NET CURRENT ASSETS 13,865 TOTAL ASSETS LESS CURRENT LIABILITIES 13,865 NET ASSETS 13,865 FUNDS 6 Unrestricted funds 13,865 TOTAL FUNDS 13,865 |
2021 Total funds £ - 22,797 22,797 (360) 22,437 22,437 23,437 22,437 22,437 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. C Utley - Trustee
The notes form part of these financial statements
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THE WOLLSTONECRAFT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Deposit account interest | 63 | 2 | |
| Gift aid interest | - | 1 | |
| 64 | 3 |
continued...
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THE WOLLSTONECRAFT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
During the year, one (2021: one) Trustee was reimbursed for travel to schools where she spoke about Mary Wollstonecraft. This expenditure was incurred wholly, exclusively and necessarily in the performance of their duties as a Trustee.
4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Other debtors | - | - | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Other creditors | 860 | 360 | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1/1/22 | in funds | 31/12/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,437 | (8,572) | 13,865 |
| TOTAL FUNDS | 22,437 | (8,572) | 13,865 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 476 | (9,048) | (8,572) |
| TOTAL FUNDS | 247 | (9,048) | (8,572) |
5.
6. MOVEMENT IN FUNDS
continued...
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THE WOLLSTONECRAFT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1/1/21 | in funds | 31/12/21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 23,578 |
(1,141) | 22,437 |
| TOTAL FUNDS 23,578 |
(1,141) | 22,437 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 247 |
(1,388) | (1,141) |
| TOTAL FUNDS 247 |
(1,388) | (1,141) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/21 | in funds | 31/12/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 23,578 | (9,713) | 13,865 |
| TOTAL FUNDS | 23,578 | (9,713) | 13,865 |
continued...
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THE WOLLSTONECRAFT SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 723 | (10,436) | (9,713) |
| TOTAL FUNDS | 723 | (10,436) | (9,713) |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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THE WOLLSTONECRAFT SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 413 | 244 |
| Gift aid | - | - |
| 413 | 244 | |
| Investment income | ||
| Deposit account interest | 63 | 2 |
| Gift aid interest | - | 1 |
| 63 | 3 | |
| Total incoming resources | 476 | 247 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable activities | 7,771 | 400 |
| Support costs | ||
| Management | ||
| Accountancy | 360 | 360 |
| Admin costs | 484 | 316 |
| 844 | 676 | |
| Finance | ||
| Bank charges | 81 | 96 |
| Governance costs | ||
| Computer running costs | 352 | 216 |
| Total resources expended | 1,277 | 1,388 |
| Net (expenditure)/income | (8,572) | (1,141) |
This page does not form part of the statutory financial statements
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