Charity Number: 1185536
Chasing Connor’s Cure
Report and unaudited financial statements For the period ended 31 December 2022
1
Contents
| Reference and administrative information | 3 |
|---|---|
| Trustees’ annual report | 4 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 |
2
Reference and administrative information for the year ended 31 December 2022
Charity number: 1185536 Registered address: Hilden Park Accountants Ltd 79 Tonbridge Road Hildenborough TN11 9BH Trustees: Trustees who served during the year and up to the date of this report were as follows: Emma Crawford Matthew Crawford Clare Marston Kranti Midha David Rae Suzie Rae Bankers: CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ
3
Report of the Trustees for the year ended 31 December 2022
The trustees of Chasing Connor’s Cure present their report and financial statements as a charitable incorporated organisation (CIO) for the charity’s year ended 31 December 2022.
Reference and administrative information set out on page 3 forms part of this report. The financial statements comply with current statutory requirements and the charity’s constitution.
Structure Governance and Management
Chasing Connor’s Cure is a registered charity number 1185536 and is governed by the Constitution dated 27 September 2019.
Objects
In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the charity commission relating to public benefit.
The objects of the charity are the relief of sickness and protection of good health by supporting research into the improved diagnosis, prevention, and/or treatment of Duchenne Muscular Dystrophy; and the provision of financial and other assistance to support the improved quality of life of individuals affected by Duchenne Muscular Dystrophy.
Achievements and performance
Fundraising
The Charity continued to actively raise funds throughout the year through a range of varied events.
In addition, the charity was supported by a number of donations and individual fundraising activities.
The trustees are forever grateful for the ongoing support they receive from the friends and supporters of Chasing Connor’s Cure – Team Connor!
Charitable Activities
The Charity continued to work closely with Duchenne UK (Charity No. 1147094), through the family funds programme.
The Charity made a number of individual grants during the year in line with the objects of the Charity.
Financial Review
For the year ending 31 December 2022, the Charity made a surplus of £26,867.16. At the year end, the Charity had total funds of £209,975.81
Reserves policy and going concern
All the funds of the Trust are unrestricted. The use of all funds is at the discretion of the trustees. The trustees have identified no significant short or medium term financial risk to the charity’s continued operations, and therefore the accounts have been prepared on the going concern basis.
4
Trustees’ responsibilities statement
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Account Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) Observe the methods and principles in the Charities SORP;
c) Make judgments and accounting estimates that are reasonable and prudent;
d) State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
e) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees on 31 October 2022 and signed on their behalf by:
_____
David Rae
Trustee
5
Independent Examiner’s Report to The Trustees of Chasing Connor’s Cure
I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2022 set out on pages 7 to 8.
Respective responsibilities of the Trustees and independent examiner.
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts (under section 145 of the Charities Act);
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts, and the report is limited to the matters set out in the statement below.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_____
6
Statement of financial activities For the period ending 31 December 2022
| Income from: Donations and fundraising activities Gross interest and investments Total Income Expenditure on: Fundraising activities Charitable activities - grants Operating costs Total expenditure Net Income / (Expenditure) Transfers Net Movement in Funds Balances brought forward at 31 December 2021 Balances carried forward at 31 December 2022 |
Notes 2 3 |
Unrestricted Funds 47,049.90 - |
Unrestricted Funds 47,049.90 - |
Restricted Funds - - |
Restricted Funds - - |
This Year 47,049.90 - 47,049.90 - 19,589.34 593.40 20,182.74 26,867.16 - 26,867.16 183,108.65 209,975.81 |
Prior Year 175,317.31 - |
||
|---|---|---|---|---|---|---|---|---|---|
| 47,049.90 | - | 175,317.31 | |||||||
| - 19,589.34 593.40 |
- - - |
11,665.88 33,974.00 167.94 |
|||||||
| 20,182.74 | 45,807.82 | ||||||||
| 26,867.16 - |
- - |
129,509.49 - |
|||||||
| 26,867.16 183,108.65 |
- - |
129,509.49 53,599.16 |
|||||||
| 209,975.81 | - | 183,108.65 |
The Charity had no recognised gains or losses other than the net income or expenditure shown above for the financial year.
7
Balance Sheet
As at 31 December 2022
| Fixed Assets Tangible Assets Current Assets Debtors Cash at Bank and In Hand Creditors:Amounts falling due within one year Net Current Assets (Liabilities) Net Assets Unrestricted Funds Restricted Funds Total Funds |
Notes 4 |
- 209,975.81 |
31 December 2022 £ - - 183,108.65 183,108.65 - 209,975.81 209,975.81 209,975.81 - 209,975.81 |
31 December |
|---|---|---|---|---|
| 2021 £ - |
||||
| 183,108.65 | ||||
| 209,975.81 - |
||||
| 183,108.65 | ||||
| 183,108.65 - |
||||
| 183,108.65 |
These financial statements were approved on behalf of the trustees and signed on their behalf by:
_____
David Rae
Trustee
_____
Clare Marston
Trustee
Approved by the Board of Trustees: 31 October 2022
The notes set out on pages 9 and 10 form an integral part of these financial statements.
8
Notes to the financial statements
For the period to 31 December 2022
1. Accounting policies
Statutory Information
Chasing Connor’s Cure is a charitable incorporated organisation with the Charity Commission in England and Wales. The office address is c/o Hilden Park Accountants, 79 Tonbridge Road, Hildenborough, TN11 9BH.
Basis of preparation
The accounts have been prepared on a receipts and payments basis and in accordance with current statutory requirements and the charity’s constitution.
Assets and liabilities are initially recognised at historical cost or transaction value unless stated in the relevant accounting policy or note.
Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
Going concern
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets or liabilities within the next reporting period.
Income and expenditure
Income and expenditure is recorded on a receipts and payments basis.
2. Analysis of donations and fundraising activities
| Note 2 Sponsorship and fundraising received through Virgin Money Giving Donations received from Individuals and organisations Funds raised at events, including firewalking, band night and sportive Total Income from donations and fundraising activities |
This Year - 47,049.90 - 47,049.90 |
Prior Year 131,965.65 43,203.21 148.45 |
|
|---|---|---|---|
| 175,317.31 |
3. Analysis of expenditure
9
| Note 3 Fundraising activities Operating costs - bank charges Operating costs - Other Charitable Activities - Grants to Duchenne UK Charitable Activities - Individual Grants Charitable Activities - Other Grants Total expenditure |
This Year 81.00 512.40 - 18,189.34 1,400.00 20,182.74 |
Prior Year 11,665.88 96.00 71.94 25,000.00 8,974.00 |
|
|---|---|---|---|
| 45,807.82 |
4. Cash at bank and in hand
Note 4
| Cash at bank and in hand Total cash and cash equivalents |
Cash at 31 December 2021 183,108.65 183,108.65 |
Cashflows Cash at 31 December 2022 26,867.16 209,975.81 26,867.16 209,975.81 |
|---|---|---|
10