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## **Cottman Foundation**
# **STATEMENT OF ACCOUNTS YEAR ENDED 31 DECEMBER 2020**
## **Cottman Foundation**
## **CONTENTS**
||**Page**|
|---|---|
|Charity Particulars|1|
|Statement of Financial Activities|2|
|Balance Sheet|3|
|Accounting Policies|4-5|
|Notes to the Accounts|6|
## **Cottman Foundation**
## **CHARITY PARTICULARS**
## **Charity Trustees:**
**Charity Trustees:** M Cottman P Hedley B Cottman **Charity Registration:** 1185449
- 1 -
## **Cottman Foundation STATEMENT OF FINANCIAL ACTIVITIES** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
||**Unrestricted**|||
|---|---|---|---|
|||**2020**||
|||**Total**||
||||**£**|
|**Income**||||
|Donations|||0|
|Charitiable Activities|||0|
|Gift Aid Received|||0|
|Other trading activities|||0|
|**Total Income**|||**0**|
|**Expenditure**||||
|Charitable Activities|||0|
|Administrative Costs|||0|
|**Total Expenditure**|||**0**|
|**Net Income for the year being net**||||
|**movement in funds**|||**0**|
|**Reconciliation of Funds:**||||
|Total Funds brought forward|||0|
|**Total Funds carried forward**|||**0**|
All amounts relate to continuing activities of the charity. The Statement of Financial Activities includes all gains and losses recognised in the year.
- 2 -
**BALANCE SHEET** _**AS AT 31 DECEMBER 2020**_
## **Cottman Foundation**
|**NON-CURRENT**F**CURRENT ASSETS**
**Fixed Assets**
Stock
Debtors
Prepayment
Cash in Hand
**TOTAL CURRENT ASSETS**
**CURRENT LIABILITES**
Creditors
**TOTAL CURRENT ASSETS LESS CURRENT**
**LIABILITES**
**TOTAL NET ASSETS**
Unrestricted Funds
**TOTAL FUNDS**|**2020**
**£**
0
0
0
-
0
0|
|---|---|
||0
0|
||0|
||0|
||0|
||0|
|||
.
- 3 -
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 December 2020**_
## **Cottman Foundation**
## **1 Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **a)** Basis of Preparation
The financial statement have been prepared in accordance with 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).
The financial statement have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’.
## **b)** Going Concern
The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
## **c) Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
.
- 4 -
## **Cottman Foundation NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **d) Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third Party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## **e) Allocation of Support Costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.
## **f)** Debtors
Debtors are recognised at the settlement amount due.
## **g)** Cash at Bank
Includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar amount.
## **h)** Creditors
Creditors are recognised with the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
- 5 -
## **Cottman Foundation**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**2a.**
**Income from Charitable Activities**
Grants Received
Admissions Fees
**2b.**
**Income from Other Trading Activities**
Fundraising activities
Café and other income
Ploughing
**3.**
**Charitable Activities Expenditure**|**2020**
**£**
0
0
0
**2020**
**£**
0
0
0
0
**2020**
£
0|
|---|---|
0
Total Charitable Activities Costs
0
- 6 -