DocuSign Envelope ID: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
The Julius Little Foundation
REGISTERED CHARITY NUMBER: 1186526
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2022 for The Julius Little Foundation
DocuSign Envelope ID: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
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: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
The Julius Little Foundation
Report of the Trustees for the Year Ended 31 May 2022
The trustees present their report with the financial statements of the charity for the year ended 31 May 2022.
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
DocuSign Envelope ID: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
The Julius Little Foundation
Report of the Trustees for the Year Ended 31 May 2022
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 £3,236 (excluding T-shirt sales):
| C Horridge Half Marathon | £654 |
|---|---|
| Bucks Students Rag Week | £2,362 |
| Gaby Meek jewelry sale | £70 |
| Maura Hawkes art sale | £150 |
DONATIONS
The charity has received £2,212 in donations.
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DocuSign Envelope ID: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
The Julius Little Foundation
Report of the Trustees for the Year Ended 31 May 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1186526
Principal address
C/o Carol Little 37 Amersham Road Beaconsfield Buckinghamshire HP9 2HA
Trustees
Mark Da Silva - Chair
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
22 May 2023 | 16:21 BST Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. Carol Little (Trustee)
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DocuSign Envelope ID: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
The Julius Little Foundation
Statement of Financial Activities
for the Year Ended 31 May 2022
| 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 2022 Restricted Funds 2022 Total Funds 2022 Total Funds 2021 2,212 - 2,212 14,490 3,251 - 3,251 7,165 - - - - 61 - 61 399 |
|---|---|
| 5,524 - 5,524 22,054 948 - 948 2,153 |
|
| 948 - 948 2,153 - - - - |
|
| 4,576 - 4,576 19,901 65,176 - 65,176 45,275 |
|
| 69,752 - 69,752 65,176 |
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DocuSign Envelope ID: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
The Julius Little Foundation
Balance Sheet as at 31 May 2022
| Balance Sheet as at 31 May 2022 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| CURRENT ASSETS | |||||
| Prepayments and accrued income | 6 | 1,251 | - | 1,251 | 1,960 |
| Cash at bank | 69,277 | - | 69,277 | 64,866 | |
| TOTAL CURRENT ASSETS | 70,528 | - | 70,528 | 64,826 | |
| CREDITORS: | 7 | ||||
| Amounts falling due within one | (776) | - | (776) | (1,650) | |
| year | |||||
| NET CURRENT ASSETS | 69,752 | - | 69,752 | 65,176 | |
| TOTAL ASSETS LESS | 69,752 | - | 69,752 | 65,176 | |
| CURRENT LIABILITIES | |||||
| TOTAL NET ASSETS | 69,752 | - | 69,752 | 65,176 | |
| FUNDS OF THE CHARITY | |||||
| Unrestricted funds | 8 | 69,752 | - | 69,752 | 65,176 |
| TOTAL FUNDS | 69,752 | - | 69,752 | 65,176 |
22 May 2023 | 16:21 BST
The financial statements were approved by the Board of Trustees on ….......................................... and were signed on its behalf by:
….......................................... Carol Little – Trustee
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The Julius Little Foundation
Notes to the Financial Statements for the Year Ended 31 May 2022
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.
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The Julius Little Foundation
Notes to the Financial Statements – continued
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 £69,752, with a creditors balance of £776.
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 2022 were £69,752. 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 |
2022 £ 2021 £ 2,212 14,490 |
|---|---|
| 2,212 14,490 |
|
| 2022 £ 2021 £ 15 90 3,236 7,075 |
|
| 3,251 7,165 |
| 4. OTHER INCOME HMRC Gift Aid |
2022 £ 2021 £ 61 399 |
|---|---|
| 61 399 |
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DocuSign Envelope ID: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
The Julius Little Foundation
Notes to the Financial Statements - continued
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2022.
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued fundraising income | 2022 £ 2021 £ 1,251 1,960 |
|---|---|
| 1,251 1,960 |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals Deferred Income |
2022 £ 2021 £ 776 996 - 654 |
|---|---|
| 776 1,650 |
8. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
At 31.05.21 Net movement in funds At 31.05.22 £ £ 65,176 4,576 69,752 |
|---|---|
| 65,176 4,576 69,752 |
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The Julius Little Foundation
Notes to the Financial Statements - continued
Net movement in funds, included in the above are as follows:
| Net movement in funds, included in the above are as follows: | |
|---|---|
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ Resources expended £ Movement in funds £ 5,524 (948) 4,576 |
| 5,524 (948) 4,576 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2022.
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DocuSign Envelope ID: 1CB0C4DF-202F-4BCE-A173-884CFF61BD13
The Julius Little Foundation
Detailed Statement of Financial Activities
for the Year Ended 31 May 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraisers T-Shirt Sales Other income HMRC Gift Aid Total incoming resources EXPENDITURE Raising donations and legacies Accountancy Computer Costs Fundraiser Platform Subscription Legal & Professional Fees Lottery License Printing, Postage & Stationery Travel Expenses Training Other trading activities Cost of Sales - Shipping Costs Cost of Sales – T Shirts Other expenditure Bank fees Total resources expended Net income |
2022 £ 2,212 2,212 3,236 15 3,251 61 61 5,524 536 106 288 - - 11 7 - 948 - - - - - 968 4,576 |
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 |
Page 10 This page does not form part of the statutory financial statements