**REGISTERED COMPANY NUMBER: CE018142 (England and Wales) REGISTERED CHARITY NUMBER: 1184323**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31st October 2022**
**for**
**The Remembering Nell Foundation**
Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
**The Remembering Nell Foundation**
## **Contents of the Financial Statements for the Year Ended 31st October 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Statement of Financial Activities**||3||
|**Balance Sheet**||4||
|**Notes to the Financial Statements**|5|to|8|
|**Detailed Statement of Financial Activities**||9||
**The Remembering Nell Foundation**
## **Report of the Trustees for the Year Ended 31st October 2022**
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 31st October 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**
To advance young people in life, by providing funding, resources and support to charities located in the North West of England for specific purposes which the trustees in their absolute discretion determine, so as to develop their capabilities so that they may grow to full maturity as individuals and members of society.
## **Significant activities**
All income in the year came from donations from events not organised by The Remembering Nell Foundation. Multiple medium to small donations made up the 2022 income. These include monthly donations and events organised by groups such as Knutsford Young Farmers.
## **Public benefit**
Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year the following payments were made by the charity:
Wood Street Missions - £2,831 - support for the Christmas appeal
Holmes Chapel Comprehensive School- £1,362 - a donation of 254 books made to the Wood Street Mission for their 'books forever' project. The books were purchased on behalf of The Remembering Nell Foundation by Holmes Chapel Comprehensive School and reimbursed by The Remembering Nell Foundation.
Heartstone - £1,500 - funding for Heartstone story circles which is a project for 9-12 year olds to challenge prejudice, intolerance and hate.
Daisys Dream - £7,500 - funding for a project to employ a therapeutic practitioner for Cheshire East.
Teapot Trust - £2,928 - funding for an 8 week pilot project for art therapy for the Manchester Hospital School.
## **FINANCIAL REVIEW**
## **Financial position**
At 31 October 2022 the charity had total funds of £41,645.
## **Reserves policy**
The charity has a policy of holding £10,000 in reserves to enable the holding of events and fund raisers.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a Charitable Incorporated Organisation - Foundation registered 8 July 2019.
## **Charity constitution**
The charity is governed by its 'Foundation' model constitution whose only voting members are its charity trustees.
## **Recruitment and appointment of new trustees**
The charity must have at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee.
Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
Page 1
**The Remembering Nell Foundation**
## **Report of the Trustees for the Year Ended 31st October 2022**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
CE018142 (England and Wales)
## **Registered Charity number**
1184323
## **Registered office**
Hermitage Turkey Farm Hermitage Lane Cranage Crewe Cheshire CW4 8HA
## **Trustees**
A Halsall Trustee Mrs J Jones Trustee S Jones Trustee
## **Company Secretary**
Approved by order of the board of trustees on 25th August 2023 and signed on its behalf by:
S Jones - Trustee
Page 2
**The Remembering Nell Foundation**
## **Statement of Financial Activities**
## **for the Year Ended 31st October 2022**
|||**31/10/22**|31/10/21|
|---|---|---|---|
|||**Unrestricted**|Total|
|||**fund**|funds|
||Notes|**£**|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies||**2,744**|8,318|
|**EXPENDITURE ON**||||
|Raising funds||**150**|187|
|**Charitable activities**||||
|Wood Street Mission||**2,675**|2,426|
|Holmes Chapel Comprehensive||**1,362**|-|
|Heartstone||**1,500**|-|
|Daisys Dream||**7,500**|-|
|Teapot Trust||**2,928**|-|
|Other||**339**|26|
|**Total**||**16,454**|2,639|
|**NET INCOME/(EXPENDITURE)**||**(13,710)**|5,679|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||**55,355**|49,676|
|**TOTAL FUNDS CARRIED FORWARD**||**41,645**|55,355|
|||||
The notes form part of these financial statements
Page 3
**The Remembering Nell Foundation**
## **Balance Sheet**
## **31st October 2022**
|||**31/10/22**|31/10/21|
|---|---|---|---|
|||**Unrestricted**|Total|
|||**fund**|funds|
||Notes|**£**|£|
|**CURRENT ASSETS**||||
|Cash at bank and in hand||**41,645**|55,355|
|**NET CURRENT ASSETS**||**41,645**|55,355|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||**41,645**|55,355|
|**NET ASSETS**||**41,645**|55,355|
|**FUNDS**|4|||
|Unrestricted funds||**41,645**|55,355|
|**TOTAL FUNDS**||**41,645**|55,355|
|||||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25th August 2023 and were signed on its behalf by:
S Jones - Trustee
The notes form part of these financial statements
Page 4
**The Remembering Nell Foundation**
## **Notes to the Financial Statements**
## **for the Year Ended 31st October 2022**
## **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.
## **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 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.
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. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st October 2022 nor for the year ended 31st October 2021.
## **Trustees' expenses**
In the period ended 31 October 2022 expenses were paid to trustees as follows:
Charitable Activities £607 (2021 £2,426)
Page 5
continued...
**The Remembering Nell Foundation**
## **Notes to the Financial Statements - continued for the Year Ended 31st October 2022**
|**3.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**|||
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|||||£|
||**INCOME AND ENDOWMENTS FROM**||||
||Donations and legacies|||8,318|
||**EXPENDITURE ON**||||
||Raising funds|||187|
||**Charitable activities**||||
||Wood Street Mission|||2,426|
||Other|||26|
||**Total**|||2,639|
||**NET INCOME**|||5,679|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|||49,676|
||**TOTAL FUNDS CARRIED FORWARD**|||55,355|
|**4.**|**MOVEMENT IN FUNDS**||||
||||Net||
|||At|movement|At|
|||1/11/21|in funds|31/10/22|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|**55,355**|**(13,710)**|**41,645**|
||**TOTAL FUNDS**|**55,355**|**(13,710)**|**41,645**|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|**2,744**|**(16,454)**|**(13,710)**|
||**TOTAL FUNDS**|**2,744**|**(16,454)**|**(13,710)**|
Page 6
continued...
**The Remembering Nell Foundation**
## **Notes to the Financial Statements - continued for the Year Ended 31st October 2022**
## **4. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
At
movement
At
1/11/20
in funds
31/10/21
£
£
£
49,676
5,679
55,355
49,676
5,679
55,355|Net
At
movement
At
1/11/20
in funds
31/10/21
£
£
£
49,676
5,679
55,355
49,676
5,679
55,355|
|---|---|---|
|||55,355|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|8,318|(2,639)|5,679|
|**TOTAL FUNDS**|8,318|(2,639)|5,679|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
At
movement
At
1/11/20
in funds
31/10/22
£
£
£
49,676
(8,031)
41,645
49,676
(8,031)
41,645|Net
At
movement
At
1/11/20
in funds
31/10/22
£
£
£
49,676
(8,031)
41,645
49,676
(8,031)
41,645|
|---|---|---|
|||41,645|
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|11,062|(19,093)|(8,031)|
|**TOTAL FUNDS**|11,062|(19,093)|(8,031)|
continued...
Page 7
**The Remembering Nell Foundation**
## **Notes to the Financial Statements - continued for the Year Ended 31st October 2022**
## **5. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st October 2022.
Page 8
**The Remembering Nell Foundation**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Insurance
Sundries
**Charitable activities**
Grants to institutions
**Support costs**
**Management**
Insurance
Sundries
IT costs
**Finance**
Bank charges
Total resources expended
**Net (expenditure)/income**|**Detailed Statement of Financial Activities**
**for the Year Ended 31st October 2022**
31/10/22
31/10/21
£
£
**2,744**
8,318
**2,744**
8,318
**-**
187
**150**
-
**150**
187
**15,965**
2,426
**151**
-
**26**
26
**127**
-
**304**
26
**35**
-
**16,454**
2,639
**(13,710)**
5,679|
|---|---|
|||
This page does not form part of the statutory financial statements
Page 9