DocuSign Envelope ID: A3BD45A2-4864-438B-8B3D-13DE2BEE75FF
The Julius Little Foundation
## **REGISTERED CHARITY NUMBER: 1186526**
Report of the Trustees and Unaudited Financial Statements for the Period Ended 31 May 2021 for The Julius Little Foundation
DocuSign Envelope ID: A3BD45A2-4864-438B-8B3D-13DE2BEE75FF
## The Julius Little Foundation
## Contents
||Page|
|---|---|
|Report of the Trustees|1-3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6-9|
|Detailed Statement of Financial Activities|10|
DocuSign Envelope ID: A3BD45A2-4864-438B-8B3D-13DE2BEE75FF
## The Julius Little Foundation
## Report of the Trustees
for the Period Ended 31 May 2021
The trustees present their report with the financial statements of the charity for the period ended 31 May 2021.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The constitution was adopted on 23 July 2019.
The Julius Little Foundation is a Charitable Incorporated Organisation (CIO).
Trustee selection is undertaken through consensus amongst current trustees for roles which are required to further the charities objectives, recruitment is ongoing.
Trustee meetings are held every 4 months to agree strategy, service development, update on actions and agree financial expenditure. All meetings fully reported.
In planning the activities of the charity, trustees have considered the guidance on public benefit issued by the Charity Commission.
Safeguarding rules have been developed and are currently pending further development of the services before full implementation. Safeguarding training will be applicable to all who deliver the services as will DBS checking.
## **MISSION AND VISION**
Our purpose is to provide support for young people who are struggling with their mental health through providing services to help young people manage the issues they are facing.
Our vision is to create an openness about mental health problems that young people are facing so that they do not feel judged if they have this illness. We want to normalise the stigma around mental health and promote looking after your mental health well-being.
## **OBJECTIVES**
1) To provide local, free mental health services for young people in Buckinghamshire through trained professionals to protect the mental health of young people (aged 11-19) in the area.
2) To change the way that mental health awareness is talked about in the media and everyday life in order to create greater openness and talk about the illnesses in a way that young people can relate to. This may be done in conjunction with other mental health charities.
3) To increase awareness of how young people can care for their mental health well-being.
4) To increase the gravitas and awareness that mental health problems are an illness just like cancer and, like cancer, it is a serious illness.
Page **1**
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## The Julius Little Foundation
Report of the Trustees for the Period Ended 31 May 2021
## **ACTIVITIES**
The charity’s main drive this financial period has been fundraising to gain funds to enable the development of services surrounding mental health for young people in the area. With the pandemic, fundraising has been limited but we have still managed to raise funds.
We are currently working on the programmes to be delivered into schools to aid well-being in students with the effects of the pandemic on the mental health of our young. This is to develop and open dialogue about the importance of mental health with a view to enhancing resilience and focusing on discovering your strengths. We are doing this in conjunction with Bucks New University and, primarily, Chesham Grammar School and are currently looking at rolling this out into other secondary schools as soon as possible.
Measurement systems are to be put in place to ascertain the effectiveness of activities against our set objectives to ensure that maximum benefit can be gained by them.
The Julius Little Foundation is extremely grateful to the donations and fundraisers this year. Many young people have donated and fundraised because this is a cause very close to their lives. The funds are held securely. We are currently reliant on funds from these sources but anticipate the charity will be able to apply for grants from appropriate bodies as it develops its services.
## **FUNDRAISERS**
The charity has raised £7,075 (excluding T-shirt sales):
|Isabella Inge charity walk|£920|
|---|---|
|Amersham Fit Club 10k a day|£1,238|
|GK Netball 2022k challenge|£638|
|Sally and Paul Wilson jam sale|£150|
|Walk from CSM to Amersham|£1,987|
|Lottie Stephens painting fundraiser|£1,800|
|Beech House raffle|£342|
## **DONATIONS**
The charity has received £14,490 in donations.
Page **2**
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The Julius Little Foundation
Report of the Trustees for the Period Ended 31 May 2021
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1186526
## **Principal address**
C/o Carol Little 37 Amersham Rd Beaconsfield Buckinghamshire HP9 2HA
## **Trustees**
Mark Da Silva - Chairman
Carol Little - Primary contact, oversees development of services for young people, accounts and administration
Annemarie Mcnaney - Development and liaison for issues that young people face in expansion of our services
Ian Nash - Technical and business support
## **Accountant**
Baker Accountancy Services Windmill Farm Business Hub Bowstridge Lane Chalfont St Giles Buckinghamshire HP8 4RG
29 March 2022 | 14:11 BST
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. Carol Little (Trustee)
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## The Julius Little Foundation
## Statement of Financial Activities for the Period Ended 31 May 2021
|**INCOME AND ENDOWMENTS**
**FROM:**
Donations and legacies
2
Other trading activities
3
Investment income
Other income
4
**Total**
**EXPENDITURE ON:**
Raising funds
**Total**
Net gains/(losses) on
investments
**NET INCOME / MOVEMENT IN**
**FUNDS**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
Funds
2021
Restricted
Funds
2021
Total
Funds
2021
Total
Funds
2020
14,490
-
14,490
15,500
7,165
-
7,165
32,848
-
-
-
-
399
-
399
150
22,054
-
22,054
48,498
2,153
-
2,153
3,223
2,153
-
2,153
3,223
-
-
-
-
19,901
-
19,901
45,275
45,275
-
45,275
-
65,176
-
65,176
45,275|
|---|---|
Page **4**
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## The Julius Little Foundation
|The Julius Little Foundation||||||
|---|---|---|---|---|---|
|Balance Sheet at 31 May 2021||||||
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|Funds|Funds|
|||2021|2021|2021|2020|
|**CURRENT ASSETS**||||||
|Prepayments and accrued income|6|1,960|-|1,960|5,107|
|Cash at bank||64,866|-|64,866|40,768|
|**TOTAL CURRENT ASSETS**||66,826|-|64,826|45,875|
|**CREDITORS:**|7|||||
|Amounts falling due within one||(1,650)|-|(1,650)|(600)|
|year||||||
|**NET CURRENT ASSETS**||65,176|-|65,176|45,275|
|**TOTAL ASSETS LESS**||65,176|-|65,176|45,275|
|**CURRENT LIABILITIES**||||||
|**TOTAL NET ASSETS**||65,176|-|65,176|45,275|
|**FUNDS OF THE CHARITY**||||||
|Unrestricted funds|8|65,176|-|65,176|45,275|
|**TOTAL FUNDS**||65,176|-|65,176|45,275|
29 March 2022 | 14:11 BST
The financial statements were approved by the Board of Trustees on ….......................................... and were signed on its behalf by:
…..........................................
Carol Little – Trustee
Page **5**
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The Julius Little Foundation
## Notes to the Financial Statements
for the Period Ended 31 May 2021
## **1. ACCOUNTING POLICIES**
## **1.1 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 2015)', 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 with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **1.2 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 with sufficient reliability.
Grants and donations are only included in the SoFA when the general income recognition criteria are met (FRS102 SORP).
Income from interest, royalties and dividends is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## **1.3 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.
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **1.4 Taxation**
The charity is exempt from tax on its charitable activities.
## **1.5 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.
Page **6**
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Notes to the Financial Statements – continued
## The Julius Little Foundation
for the Period Ended 31 May 2021
## **1. ACCOUNTING POLICIES (CONTINUED)**
## **1.6 Going concern**
These accounts have been prepared on a going concern basis whereby the charity is viewed as continuing in business for the foreseeable future.
The charity has no long-term commitments, leases or contracts. Unrestricted funds available are £65,176, with a creditors balance of £1,650.
The Trustees are confident that the charity will continue as a going concern for the foreseeable future.
## **1.7 Reserves policy**
The reserves held by the charity should be maintained at sufficient cash levels to maintain the charity's operations in the event of unforeseen costs.
Reserves at 31[st] May 2021 were £65,176. These reserves provide financial stability and the means for the development of our principal activities.
## **1.8 Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.
## **2. ANALYSIS OF DONATIONS AND LEGACIES**
|Donations
**3.**
**OTHER TRADING ACTIVITIES**
T-Shirt Sales
Fundraisers
**4.**
**OTHER INCOME**
Compensation
HMRC Gift Aid|2021
£
2020
£
14,490
15,500
14,490
15,500
2021
£
2020
£
90
530
7,075
32,318
7,165
32,848
2021
£
2020
£
-
150
399
-
399
150|
|---|---|
Page **7**
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The Julius Little Foundation
## Notes to the Financial Statements - continued
## for the Period Ended 31 May 2021
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 May 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 May 2021.
## **6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accrued fundraising income
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals
Deferred Income|2021
£
2020
£
1,960
5,107|
|---|---|
||1,960
5,107|
||2021
£
2020
£
996
600
654
-|
||1,650
600|
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **8. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
31.05.21
Net
movement
in funds
At
31.05.20
£
£
65,176
19,901
45,275|
|---|---|
||65,176
19,901
45,275|
Page **8**
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## The Julius Little Foundation
## Notes to the Financial Statements - continued for the Period Ended 31 May 2021
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
Resources
expended
£
Movement
in funds
£
22,054
(2,153)
19,901
22,054
(2,153)
19,901|
|---|---|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 31 May 2021.
Page **9**
DocuSign Envelope ID: A3BD45A2-4864-438B-8B3D-13DE2BEE75FF
## The Julius Little Foundation
## Detailed Statement of Financial Activities
## for the Period Ended 31 May 2021
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Fundraisers
T-Shirt Sales
**Other income**
Compensation
HMRC Gift Aid
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Accountancy
Advertising/Promotional
Computer Costs
Fundraiser Platform Subscription
Legal & Professional Fees
Lottery License
Training
**Other trading activities**
Cost of Sales - Shipping Costs
Cost of Sales - T-Shirts
Cost of Sales - Tickets
**Other expenditure**
Bank fees
**Total resources expended**
**Net income**|2021
£
14,490
14,490
7,075
90
7,165
-
399
399
22,054
1,716
-
20
288
-
20
25
2,069
18
66
-
84
-
-
2,153
19,901|2020
£
15,500|
|---|---|---|
|||15,500
32,318
530|
|||32,848
150
-|
|||150|
|||48,498|
|||600
78
35
-
735
-
-|
|||1,448
72
1,617
65|
|||1,754
21|
|||21|
|||3,223|
|||45,275|
Page **10** _This page does not form part of the statutory financial statements_