REGISTERED COMPANY NUMBER: CE018691 (England and Wales) REGISTERED CHARITY NUMBER: 1185118
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2021
for
Intouch Global Foundation
Intouch Global Foundation
Contents of the Financial Statements for the Year Ended 31 July 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
Intouch Global Foundation
Report of the Trustees
for the Year Ended 31 July 2021
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 31 July 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a Charitable Incorporated Organisation, as defined by the Charities Act 2011 (the 2011 Act).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE018691 (England and Wales)
Registered Charity number 1185118
Registered office
Fountain House Great Cornbow Halesowen B63 3BL
Trustees
Ann Wilson Trustee Camilla Frederika Phillips Trustee Nick Edmund Burton Trustee Yu-lin Wilson Chair
Approved by order of the board of trustees on 27 July 2022 and signed on its behalf by:
Yu-lin Wilson - Trustee
Page 1
Independent Examiner's Report to the Trustees of Intouch Global Foundation
Independent examiner's report to the trustees of Intouch Global Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 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 accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Sajjad Jaffer ACCA
- 27 July 2022
Page 2
Intouch Global Foundation
Statement of Financial Activities for the Year Ended 31 July 2021
| Year Ended 31.7.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 268,044 Investment income 3 45 Total 268,089 EXPENDITURE ON Charitable activities 4 Donations 251,150 Administrative Expenses 7,720 Other 1,671 Total 260,541 NET INCOME 7,548 RECONCILIATION OF FUNDS Total funds brought forward 130,271 TOTAL FUNDS CARRIED FORWARD 137,819 |
Period 2.9.19 to 31.7.20 Total funds £ 330,000 266 330,266 189,093 9,184 1,718 199,995 130,271 - 130,271 |
|---|---|
The notes form part of these financial statements
Page 3
Intouch Global Foundation
Balance Sheet
31 July 2021
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
31.7.21 Unrestricted fund £ 140,411 (2,592) 137,819 137,819 137,819 137,819 137,819 |
31.7.20 Total funds £ 131,567 (1,296) 130,271 130,271 130,271 130,271 130,271 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 27 July 2022 and were signed on its behalf by:
Yu-lin Wilson - Trustee
The notes form part of these financial statements
Page 4
Intouch Global Foundation
Notes to the Financial Statements for the Year Ended 31 July 2021
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.
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.
Page 5
continued...
Intouch Global Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 July 2021
| 2. DONATIONS AND LEGACIES Year Ended 31.7.21 £ Donations 268,044 3. INVESTMENT INCOME Year Ended 31.7.21 £ Deposit account interest 45 4. CHARITABLE ACTIVITIES COSTS Donations Administrative Expenses 5. DIRECT COSTS OF CHARITABLE ACTIVITIES Year Ended 31.7.21 £ Donations paid 251,150 Subcontractor fees 7,720 258,870 |
Period 2.9.19 to 31.7.20 £ 330,000 Period 2.9.19 to 31.7.20 £ 266 Direct Costs (see note 5) £ 251,150 7,720 258,870 Period 2.9.19 to 31.7.20 £ 189,093 9,184 198,277 |
|---|---|
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continued...
Intouch Global Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
6. SUPPORT COSTS
| Governance Finance costs £ £ Other resources expended 375 1,296 |
Totals £ 1,671 |
|---|---|
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the period ended 31 July 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the period ended 31 July 2020.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 330,000 |
| Investment income | 266 |
| Total | 330,266 |
| EXPENDITURE ON | |
| Charitable activities | |
| Donations | 189,093 |
| Administrative Expenses | 9,184 |
| Other | 1,718 |
| Total | 199,995 |
| NET INCOME | 130,271 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 130,271 |
Page 7
continued...
Intouch Global Foundation
| Notes to the Financial Statements-continued for the Year Ended 31 July 2021 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 10. MOVEMENT IN FUNDS At 1.8.20 £ Unrestricted funds General fund 130,271 TOTAL FUNDS 130,271 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 268,089 TOTAL FUNDS 268,089 Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
31.7.21 £ 2,592 Net movement in funds £ 7,548 7,548 Resources expended £ (260,541) (260,541) Net movement in funds £ 130,271 130,271 |
31.7.20 £ 1,296 At 31.7.21 £ 137,819 137,819 Movement in funds £ 7,548 7,548 At 31.7.20 £ 130,271 130,271 |
|---|---|---|
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continued...
Intouch Global Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 330,266 330,266 |
Resources expended £ (199,995) (199,995) |
Movement in funds £ 130,271 130,271 |
|---|---|---|---|
11. RELATED PARTY DISCLOSURES
During the year, the charity received donations from a related party In Touch Games Ltd, which is registered in England under company number 04629082.
Page 9
Intouch Global Foundation
Detailed Statement of Financial Activities for the Year Ended 31 July 2021
| Year Ended 31.7.21 £ INCOME AND ENDOWMENTS Donations and legacies Donations 268,044 Investment income Deposit account interest 45 Total incoming resources 268,089 EXPENDITURE Charitable activities Donations paid 251,150 Subcontractor fees 7,720 258,870 Support costs Finance Bank charges 375 Governance costs Accountancy and legal fees 1,296 Total resources expended 260,541 Net income 7,548 |
Period 2.9.19 to 31.7.20 £ 330,000 266 330,266 189,093 9,184 198,277 422 1,296 199,995 130,271 |
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This page does not form part of the statutory financial statements
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