REGISTERED CHARITY NUMBER: 1181931
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2021
for
Elliott's Trust
Warr & Co Limited Chartered Accountants 76 Manchester Road Denton Manchester M34 3PS
Elliott's Trust
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the trustees | 1 to 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 to 7 |
| Detailed statement of financial activities | 8 |
Elliott's Trust
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
Objectives and aims
The objects of the charity are to raise awareness of Rhabdomyosarcoma, an extremely rare cancer, and other childhood cancers and to support childhood and teenage cancer units at local hospitals through donations and volunteering.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commissioners general guidance on public benefit when reviewing the charity's aims and objectives and in planning future fund raising events and expenditure policies.
Volunteers
All the trustees offer their time and assistance on a voluntary basis.
Achievement and performance
Charitable and fundraising activities
All of the Trust's activities are undertaken for the purposes of fundraising and raising awareness of Rhabdomyosarcoma.
Financial review
Financial position
The Trust held reserves amounting to £32,208 at the balance sheet date. There is no requirement to achieve predetermined income targets as donations are only agreed when funds are available.
Reserves policy
The Trustees have not set a specific reserves policy. Donations will only be approved once future costs have been duly considered.
Going concern
The Covid 19 imposed lockdown and subsequent restrictions have significantly impacted the charitable activities undertaken by the Trust. As a result of this future incoming resources have been reduced and no further donations made. The Trust has retained it's reserves and hope that this will help to support the recovery of the activities once the lockdown restrictions end.
The Trustee's have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future and have adopted the going concern basis of accounting in preparing the accounts.
Future plans
Following the government imposed restrictions due to the Covid 19 pandemic all future fundraising events have been cancelled. The situation is under constant review by the trustees who will plan future events when it is considered safe to do so.
Page 1
Elliott's Trust
Report of the Trustees
for the Year Ended 31 March 2021
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation.
Recruitment and appointment of new trustees
The trustees were appointed by the serving trustees at the time of their appointment. The power to appoint is held by the continuing trustees.
Organisational structure
The trustees meet regularly to consider future fundraising initiatives and funding opportunities. The meetings have not been held regularly due to the impact of the Covid 19 restrictions.
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.
Reference and administrative details
Registered Charity number
1181931
Principal address
39 Newport Road Haughton Green Denton Manchester M34 7QS
Trustees
B A Fernandez-sanz L P Wrigley T Chapman T Wilson
Approved by order of the board of trustees on 11 August 2021 and signed on its behalf by:
B A Fernandez-sanz - Trustee
Page 2
Elliott's Trust
Statement of Financial Activities for the Year Ended 31 March 2021
| Period | |||
|---|---|---|---|
| 1.2.19 | |||
| Year ended | to | ||
| 31.3.21 | 31.3.20 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| Income and endowments from | |||
| Donations and legacies | 901 | 2,260 | |
| Other trading activities | 2 | - | 4,720 |
| Total | 901 | 6,980 | |
| Expenditure on | |||
| Raising funds | 162 | 1,427 | |
| Charitable activities | |||
| Grants | |||
| 800 | 24,365 | ||
| Other | 360 | 600 | |
| Total | 1,322 | 26,392 | |
| NET INCOME/(EXPENDITURE) | (421) | (19,412) | |
| Reconciliation of funds | |||
| Total funds brought forward | 32,629 | 52,041 | |
| Total funds carried forward | 32,208 | 32,629 |
The notes form part of these financial statements
Page 3
Elliott's Trust
Balance Sheet
31 March 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| Current assets | |||
| Cash at bank | 33,168 | 38,229 | |
| Creditors | |||
| Amounts falling due within one year | 4 | (960) | (5,600) |
| Net current assets | 32,208 | 32,629 | |
| Total assets less current liabilities | 32,208 | 32,629 | |
| NET ASSETS | 32,208 | 32,629 | |
| Funds | 5 | ||
| Unrestricted funds | 32,208 | 32,629 | |
| Total funds | 32,208 | 32,629 |
The financial statements were approved by the Board of Trustees and authorised for issue on 11 August 2021 and were signed on its behalf by:
B A Fernandez-sanz - Trustee
The notes form part of these financial statements
Page 4
Elliott's Trust
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
Page 5
continued...
Elliott's Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
2. Other trading activities
| Other trading activities | ||
|---|---|---|
| Period | ||
| 1.2.19 | ||
| Year ended | to | |
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Fundraising events | - | 4,720 |
3. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the period ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the period ended 31 March 2020.
4. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Other creditors | 960 | 5,600 | ||
| Movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 32,629 | (421) | 32,208 | |
| TOTAL FUNDS | 32,629 | (421) | 32,208 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 901 | (1,322) | (421) | |
| TOTAL FUNDS | 901 | (1,322) | (421) |
5. Movement in funds
Page 6
continued...
Elliott's Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
5. Movement in funds - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.2.19 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 52,041 | (19,412) | 32,629 |
| TOTAL FUNDS | 52,041 | (19,412) | 32,629 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 6,980 | (26,392) | (19,412) |
| TOTAL FUNDS | 6,980 | (26,392) | (19,412) |
6. Related party disclosures
There were no related party transactions for the year ended 31 March 2021.
Page 7
Elliott's Trust
| Income and endowments Donations and legacies Donations Other trading activities Fundraising events Total incoming resources Expenditure Raising donations and legacies Sundries Charitable activities Postage and stationery Donations Support costs Governance costs Accountancy and legal fees Total resources expended Net expenditure |
Detailed Statement of Financial Activities for the Year Ended 31 March 2021 Period 1.2.19 Year ended to 31.3.21 31.3.20 £ £ 901 2,260 - 4,720 901 6,980 162 1,427 - 65 800 24,300 800 24,365 360 600 1,322 26,392 (421) (19,412) |
|---|---|
This page does not form part of the statutory financial statements
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