Cottman Foundation
Statement of Accounts
Year Ended 31 December 2021
COTTMAN FOUNDATION
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:
M Cottman P Hedley B Cottman
Charity Registration:
1185449
COTTMAN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted | |
|---|---|
| 2021 | |
| Income | £ |
| Donations | 0 |
| Charitable 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 bought 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.
COTTMAN FOUNDATION
BALANCE SHEET AS AT 31 DECEMBER 2021
| 2021 | |
|---|---|
| £ | |
| Non-Current Assets | 0 |
| Fixed Assets | 0 |
| Stock | 0 |
| Debtors | 0 |
| Prepayments | 0 |
| Cash in Hand | 0 |
| ___ | |
| Total Current Assets | 0 |
| Current Liabilities | |
| Creditors | 0 |
| ___ | |
| Total Current Assets Less Current Liabilities | 0 |
| TOTAL NET ASSETS | 0 |
| ___ | |
| Unrestricted Funds | 0 |
| TOTAL FUNDS | 0 |
| ___ |
COTTMAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting Policies
The principle 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 statements 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 statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulation 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.
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.
COTTMAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
- 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 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.
2 Going Concern
The Cottman Foundation currently operates as a donor advised fund until an active bank account is available. The Foundation will operate under its own charity number in the forthcoming financial year.
COTTMAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 2A | Income from Charitable Activities | 2021 |
|---|---|---|
| £ | ||
| Grants received | 0 | |
| Admissions Fees | 0 | |
| 2B | Income from Other Trading Activities | 2021 |
| £ | ||
| Fundraising activities | 0 | |
| Other Income | 0 | |
| 3 | Charitable Activities Expenditure | 2021 |
| £ | ||
| 0 | ||
| Total Charitable Activities Costs | 0 |