| Page | |
|---|---|
| Referenceandadministrativedetailsofthecharity,itsTrusteesandadvisers | 1 |
| Trustees'report | 2-3 |
| Independentexaminer'sreport | 4-5 |
| Statementoffinancialactivities | 6 |
| Balancesheet | 7 |
| Notestothefinancialstatements | 8-10 |
THE TALENT TAP
TRUSTEES'REPORT(CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2020
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report 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 & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable ac<;uracy at any time the financial position of the charity and 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 members of the board of Trustees on 6 January 2021 and signed on their behalf by:
Lt. Col. Nick Cowley Trustee
' .
Page 3
THE TALENT TAP
INDEPENDENT EXAMINER'S REPORT {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2020
Use of our report
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 7 January 2021
SRLV Audit Limited
Chartered Accountants Eisley Court
20-22 Great Titchfield Street
London
WlW 8BE
Page 5
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| Period | Period | ||
| ended | ended | ||
| 31March | 31March | ||
| 2020 | 2020 | ||
| Note | £ | £ | |
| Incomefrom: | |||
| Donations | 2 | 111,181 | 111,181 |
| Totalincome | 111,181 | 111,181 | |
| Expenditureon: | |||
| Governancecosts | 18,290 | 18,290 | |
| Charitycosts | 11,807 | 11,807 | |
| Supportcosts | 21,882 | 21,882 | |
| Totalexpenditure | 51,979 | 51,979 | |
| Netmovementinfunds | 59,202 | 59,202 | |
| Reconciliationoffunds: | |||
| Netmovementinfunds | 59,202 | 59,202 | |
| Totalfundscarriedforward | 59,202 | 59,202 |
THE TALENT TAP
BALANCE SHEET AS AT 31 MARCH 2020
| 2020 | |||
|---|---|---|---|
| Note | E | ||
| Current assets | |||
| Cash at bank and in hand | 59,202 | ||
| 59,202 | |||
| Net current assets | 59,202 | ||
| Total assets less current liabilities | 59,202 | ||
| Net assets excluding pension asset | 59,202 | ||
| Total net assets | 59,202 | ||
| Charity funds | |||
| Restricted funds | 5 | ||
| Unrestricted funds | 5 | 59,202 | |
| Total funds | 59,202 |
The financial statements were approved and authorised for issue by the Trustees on 6 January 2021 and signed on their behalf by:
Lt. Col. Nick Cowley Trustee
*,-l-1!1'2-.*
The notes on pages 8 to 10 form part of these financial statements.
Page7
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| Period | Period | |
| ended | ended | |
| 31March | 31March | |
| 2020 | 2020 | |
| £ | £ | |
| Donations | 111,181 | 111,181 |
| Total | Total | |
|---|---|---|
| costs | funds | |
| Period | Period | |
| ended | ended | |
| 31March | 31March | |
| 2020 | 2020 | |
| £ | £ | |
| Governancecosts | 21,882 | 21,882 |
| Charitycosts | 11,807 | 11,807 |
| Supportcosts | 18,290 | 18,290 |
| 51,979 | 51,979 |
| Duringtheperiod,noTrusteesreceivedanyremunerationorother | Duringtheperiod,noTrusteesreceivedanyremunerationorother | benefits. | benefits. | |||
|---|---|---|---|---|---|---|
| Duringtheperiodended31March2020,expensestotalling£1,840 | werereimbursed | directlytoa | ||||
| Trustee. | ||||||
| 5. | Statementoffunds | |||||
| Statementoffunds-currentperiod | ||||||
| Balanceat31 | ||||||
| Income | Expenditure | March2020 | ||||
| £ | £ | £ | ||||
| Unrestrictedfunds | ||||||
| GeneralFunds-allfunds | 111,181 | (51,979) | 59,202 | |||
| 6. | Summaryoffunds | |||||
| Summaryoffunds-currentperiod | ||||||
| Balanceat31 | ||||||
| Income | Expenditure | March2020 | ||||
| £ | £ | £ | ||||
| Generalfunds | 111,181 | (51,979) | 59,202 | |||
| 7. | Analysisofnetassetsbetweenfunds | |||||
| Analysisofnetassetsbetweenfunds-currentperiod | ||||||
| Unrestricted | Total |
|||||
| funds | funds |
|||||
| 2020 | 2020 |
|||||
| £ | £ |
|||||
| Currentassets | 59,202 | 59,202 |
||||
| Total | 59,202 | 59,202 |