## **The Kevin Cruise Foundation** ## **Financial Statements** for the year ended 31 December 2020 Registered Charity Number 1183164 ## **The Kevin Cruise Foundation** Financial statements for the year ended 31 December 2020 ||**Contents**|| |---|---|---| |Trustees’ Report||3| |Income and Expenditure||6| |Statement of Financial Affairs||7| |Notes to the financial statements||8| Registered Charity Number 1183164 Page 2 ## **The Kevin Cruise Foundation** Financial statements for the year ended 31 December 2019 ## **Trustees’ Report** The trustees are pleased to present the income and expenditure, statement of financial position and accompanying explanatory notes for The Kevin Cruise Foundation for the year ended 31 December 2020. ## **Basis of preparation** The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the generally accepted accounting practice applicable in the United Kingdom. ## **Trustees** The following individuals acted as trustees until the 31 December 2020: Martin Cabble‐Reid Stephanie James Julie Ann Edwards ## **Trustees’ responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the incoming resources and application of resources, including the income and expenditure for that period. In preparing the financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK accounting standards 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. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Registered Charity Number 1183164 Page 3 ## **The Kevin Cruise Foundation** Financial statements for the year ended 31 December 2020 ## **Trustees’ Report (continued)** ## **Review of activities undertaken and financial performance (continued)** During the year, The Kevin Cruise Foundation has undertaken several activities, on behalf of the Charity, which have generated a surplus available for future projects. These activities have been designed with a specific fund generating intention. These surpluses have been allocated throughout the year to specific projects, or as emergency funds distribution, whichever was deemed most appropriate by the trustees. During the year ended 31 December 2020, The Kevin Cruise Foundation generated funds of £6,585, incurring a deficit of £6,528. The notes to these financial statements on pages 5 and 6 detail the full distributions made by the Charity during the year. We have reviewed the financial statements and believe them to be a true and fair reflection of The Kevin Cruise Foundation during the year ended 31 December 2020. Signed on behalf of the trustees: Martin Cabble‐Reid Stephanie James Julie Edwards Registered Charity Number 1183164 Page 4 ## **The Kevin Cruise Foundation** Financial statements for the year ended 31 December 2020 ## **Income and Expenditure** |||**2020**|**2020**|**2019**|**2019**| |---|---|---|---|---|---| ||Note|£|£|£|£| |_Incomefrom charitable activities:_|1||||| |Internally generated income||2,390||13,688|| |Incomegenerated from donations||4,194||1,643|| |Incomegenerated fromgrants||0||7,650|| |Expenditure|2||(13,113)|(16,274)|| ||||(6,528)||7,193| ||||||| |Surplus/(Deficit)for theyear|||(6,528)||7,193| Registered Charity Number 1183164 Page 5 ## **The Kevin Cruise Foundation** Financial statements for the year ended 31 December 2020 ## **Statement of Financial Position** |||**2020**|**2020**|**2019**|**2019**| |---|---|---|---|---|---| ||Notes|||£|£| |**Fixed assets**|||||| ||||||| |**Current assets**
Bank and cash at hand||2,593||10,122|| |Donations receivable||‐||‐|| |Total current assets||2,593|||10,122| ||||||| |**Creditors falling due in less**
**than oneyear**|||||| |Services Agreed|3|‐||2,276|| |Loans repayable||‐||‐|| |Total current liabilities|||‐||2,276| ||||||| |Total assets less current
liabilities|||2,593||7,845| ||||||| |Creditors falling due after more
than oneyear|||‐||‐| ||||||| |Net assets|||2,593||7,845| ||||||| |**Charity funds**|4||||| |Unrestricted income funds|||593||5,122| |Restricted income funds|||2,000||5,000| |Total charityfunds|||2,593||10,122| Registered Charity Number 1183164 Page 6 ## **The Kevin Cruise Foundation** Financial statements for the year ended 31 December 2020 ## **Notes to the financial statements** ## **1. Income from charitable activities** Income generated from charitable activities in the year has been split into three categories: ## _i) Internally generated income_ This represents income arising from activities planned and carried out solely by The Kevin Cruise Foundation on behalf of the charity. These activities incurred costs which have been disclosed as a separate line on the Income and Expenditure. - _ii) Income generated from donations_ This represents income arising from private donations made to the charity - _iii) Income generated from grants_ This represents income arising from successful applications for funding grants. ## **2. Expenditure during the year** The expenditure incurred was as a result of specific activities to fulfil our public benefit and as part of expenses incurred to run our fundraising events as follows: ||**2020**| |---|---| |Management Fees|876| |Covid Workshops|100| |Panto Project 2020|8,324| |Kevin Cruise Ball 2021|7,705| |Easter Theatre Workshop|1,060| |Donations Out|2,048| Registered Charity Number 1183164 Page 7 ## **The Kevin Cruise Foundation** Financial statements for the year ended 31 December 2020 ## **Notes to the financial statements (continued)** ## **Notes to the financial statements (continued)** ## **3. Services Agreed** At the statement of financial position date, no funds have been held in respect of invoices yet to be paid. ## **4. Charity Funds** The Trustees of The Kevin Cruise Foundation gave consideration to the requirement to hold a reserve in the charity account in order to pay for initial outgoings for events and the like. The Trustees felt this was prudent, and a reserve of £593 was agreed and retained. No restrictions are applicable to this reserve. At the statement of financial position date, £2,000 was held in charity funds in respect of the Kevin Cruise Foundation Ball 2021 to enable advance booking of the ball venue. Registered Charity Number 1183164 Page 8