REGISTERED CHARITY NUMBER: 1186137
Report of the Trustees and
Financial Statements for the Period 5 November 2019 to 4 April 2021
for TIOC
THB LLP
1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
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Contents of the Financial Statements for the Period 5 November 2019 to 4 April 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Cash Flow Statement | 6 | ||
| Notes to the Cash Flow Statement | 7 | ||
| Notes to the Financial Statements | 8 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
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Report of the Trustees for the Period 5 November 2019 to 4 April 2021
The trustees present their report with the financial statements of the charity for the period 5 November 2019 to 4 April 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objectives of the charity are to provide such general charitable purposes in aid of supporting various groups, organizations and individuals who need assistance.
The charity fulfils its responsibilities foremost by considering and approving claimants during regular trustee meetings.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity is independently maintained by donations and funding solely within it's constitution. The assets of the charity are derived from these donations.
Fundraising activities
During the year the Charity has not held any of Fundraising activities.
FINANCIAL REVIEW
Reserves policy
The Trustees hold reserves to ensure that the charity can continue in future years if income falls and expenditure were to exceed income. The reserves at the end of the year to 4 April 2021 comprised a total of £610,083.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
The organisation of the charity consists of a panel of locally resident trustees who act on behalf of the charity. No trustees are remunerated for their trustee services to the charity.
Risk management
The Trustees / Governors have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against frauds and errors.
The Charity has established measures to control and mitigate the possible impact of known risks. There are appropriate internal control systems, procedures, policies and principles in place to tackle and minimize those risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1186137
Principal address
Unit 14 Admiralty Way Camberley Surrey GU15 3DT
Trustees
Mr B J Mardle Mr P Walsh Mrs C C Hogel
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Report of the Trustees
for the Period 5 November 2019 to 4 April 2021
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
Approved by order of the board of trustees on 23 March 2022 and signed on its behalf by:
Mr B J Mardle - Trustee
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Independent Examiner's Report to the Trustees of TIOC
Independent examiner's report to the trustees of TIOC
I report to the charity trustees on my examination of the accounts of TIOC (the Trust) for the period 5 November 2019 to 4 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
THB LLP ACCA THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
Date: .............................................
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Statement of Financial Activities for the Period 5 November 2019 to 4 April 2021
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 2 | 623,610 |
| EXPENDITURE ON | ||
| Charitable activities | 3 | |
| Donation | 6,500 | |
| Other | 7,027 | |
| Total | 13,527 | |
| NET INCOME | 610,083 | |
| TOTAL FUNDS CARRIED FORWARD | 610,083 |
The notes form part of these financial statements
Page 4
| TIOC | ||
|---|---|---|
| Balance Sheet | ||
| 4 April 2021 | ||
| Unrestricted | ||
| fund | ||
| Notes | £ | |
| CURRENT ASSETS | ||
| Cash at bank | 611,782 | |
| CREDITORS | ||
| Amounts falling due within one year | 7 | (1,699) |
| NET CURRENT ASSETS | 610,083 | |
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 610,083 |
| NET ASSETS | 610,083 | |
| FUNDS | 8 | |
| Unrestricted funds | 610,083 | |
| TOTAL FUNDS | 610,083 |
The financial statements were approved by the Board of Trustees and authorised for issue on 23 March 2022 and were signed on its behalf by:
Mr B J Mardle - Trustee
Mrs C C Hogel - Trustee
The notes form part of these financial statements
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Cash Flow Statement
for the Period 5 November 2019 to 4 April 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
£ 611,782 |
|---|---|
| 611,782 | |
| 611,782 - |
|
| 611,782 |
The notes form part of these financial statements
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Notes to the Cash Flow Statement
for the Period 5 November 2019 to 4 April 2021
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | |
|---|---|
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Increase in creditors Net cash provided by operations |
£ 610,083 1,699 |
| 611,782 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 5.11.19 | Cash flow | At 4.4.21 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | - | 611,782 | 611,782 |
| - | 611,782 | 611,782 | |
| Total | - | 611,782 | 611,782 |
The notes form part of these financial statements
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Notes to the Financial Statements for the Period 5 November 2019 to 4 April 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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 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. DONATIONS AND LEGACIES
Donations
£ 623,610
continued...
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Notes to the Financial Statements - continued for the Period 5 November 2019 to 4 April 2021
| 3. | CHARITABLE ACTIVITIES COSTS | ||
|---|---|---|---|
| Grant | |||
| funding of | |||
| activities | |||
| (see note | |||
| 4) | |||
| £ | |||
| Donation | 6,500 | ||
| 4. | GRANTS PAYABLE | ||
| £ | |||
| Donation | 6,500 | ||
| 5. | SUPPORT COSTS | ||
| Other | |||
| £ | |||
| Other resources expended | 7,027 | ||
| 6. | TRUSTEES' REMUNERATION AND BENEFITS | ||
| There were no trustees' remuneration or other benefits for the period ended 4 April 2021. | |||
| Trustees' expenses | |||
| There were no trustees' expenses paid for the period ended 4 April 2021. | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| £ | |||
| Other creditors | 1,699 | ||
| 8. | MOVEMENT IN FUNDS | ||
| Net | |||
| movement | At | ||
| in funds | 4.4.21 | ||
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 610,083 | 610,083 | |
| TOTAL FUNDS | 610,083 | 610,083 |
continued...
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Notes to the Financial Statements - continued for the Period 5 November 2019 to 4 April 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 623,610 (13,527) 610,083 623,610 (13,527) 610,083 |
Incoming Resources Movement resources expended in funds £ £ £ 623,610 (13,527) 610,083 623,610 (13,527) 610,083 |
|---|---|---|
| 610,083 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 4 April 2021.
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Detailed Statement of Financial Activities for the Period 5 November 2019 to 4 April 2021
£
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Donations given Support costs Other Accountancy Legal and professional fees Total resources expended Net income |
623,610 |
|---|---|
| 623,610 6,500 700 6,327 |
|
| 7,027 | |
| 13,527 | |
| 610,083 |
This page does not form part of the statutory financial statements
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