REGISTERED CHARITY NUMBER: 1187818
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
Gloria E. Marco Charity
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
Gloria E. Marco Charity
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
rtoftheT The Iruslecb prtscnl their r¢Fxxt with th¢ fm8nci#l s¢a*mthts of the chariiy for the year fJMled 31 March 2023. Tr L%tees have adopted the {viSi{S ot Accounting and Rqx)rting by Charitits". ot Rccotnmcnded PJ7cticc applicable io chariues weparÈn8 their aecourtts in accoTdance with the FDwKial Re1n8 Standard applicable in the UK and Republhc of lrtland IFRS 1021 l¢ff¢ctive l January 20191. OWECTII'FS AND AcfiviTIES The Charity was esthblished to rak¢ ovcr th¢ wk preVioLY carried out by the SrKicry for thc PrO¢v of Anciciir Buildingb Ircgisi¢rcd ¢harily 1113733) and ils iniiiai Inc¢ vi)be fTWI th¢ traEt6fu of th¢ baiaxKeti of monies hcld in thai LharitLe%"Gl(Trria e MurLO Award Fund" The charity's objects arc rc5tri¥ted SlfIcallY for the public ixnefit io advance ethuiion in bjildtng ¢onservatL(MI. incluth'iig thc cor4%¢rvalion of historic IlIdin with particular r¢fcr¢nc¢ lo th¢ fi¢lL% o( archiiLYuwe. consUWliOn. structurlll ¥incering and Iwilding techniques used to C(MtsaVe Ind rrpair lIdIng5. STRucfuRE. GUVERYANCE ATI MANAGEIENT Governlng doc¢1 Tlie LhIlY Ll> L(>ntr()Iled by its 8oveming a cons1intti. cunsfilllles 4 charithble in¢orTX)ratl organisaiion, company numbcr C'.EO?0611, a chariry regkstered as a LdY cory)¢¢ und¢r PArt I l of the Chariuu Aci 2011. REFLREYCE AYD ADMIYISTRATIVE DETAILS RL'%lslcred Charlty nthmbtr Prlndp81 Addre Trustee$ T P Bry#uII C J Daw%on M.5 A A J Valmaran Ms C T) Fluil Mb A Bucca MSLLMBuett Ms L J A Ilannisttt Ms A Flnjlatto Ms S M¥DonouBh Ms L M(TrT¥(Lnie IndeptndeDI E%Amltser Mdry E Rvdii FCCA. DChA Ark ALLi)unLLniy L'hartered Certitied Accounlani 31 Cheam Road Epsom Sutt¥y KT17 IQX Approvcd by thkrofthc oftnL5txs th 28 January 2024 a[ signcd on its IKkLalf by: ]_ PJ-L Ms L Mor8antr. TnLStee
Independent Examiner's Report to the Trustees of Gloria E. Marco Charity
Independent examiner's report to the trustees of Gloria E. Marco Charity
I report to the charity trustees on my examination of the accounts of Gloria E. Marco Charity (the Trust) for the year ended 31 March 2023.
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
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.
Mary E Ryan FCCA, DChA
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
29 January 2024
Page 2
Gloria E. Marco Charity
Statement of Financial Activities for the Year Ended 31 March 2023
| Year Ended 31.3.23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,000 EXPENDITURE ON Charitable activities Charitable expenses 6,649 NET INCOME 18,351 RECONCILIATION OF FUNDS Total funds brought forward 84,524 TOTAL FUNDS CARRIED FORWARD 102,875 |
Period 1.10.21 to 31.3.22 Total funds £ 84,053 |
|---|---|
| - | |
| 84,053 471 |
|
| 84,524 |
The notes form part of these financial statements
Page 3
E. Marco Charit Balanc¢ 31.3.?3 31.3.29 Totsj funds fu CURRENT ASSETS Ch at bank I03J25 84.524 CREDITORS Amounis IlIn8 due within orte year 14501 NET CURRENT ASSETS 102375 84.524 TOTAL ASSETS LESS CURRENT LIABILITIES 102.875 84.S24 NET ASSETS 102.875 84.524 FUNDS lJnrL5tricled fuThJs 102.875 84.524 TOTAL FUNDS 102.875 84.524 The lin&ncithl 5meN5 wyre Brov(d by the Board ofTnLqVS •Thl gutlMYisd for issue oft........-................. ... nd were $iBned on its behalf by.. L M(Trr84ni¢- I'nwL A HU¥- TTUStL I"hL TNrt¢s f(m part ot"thc5e financial 5th*merts
Gloria E. Marco Charity
Notes to the Financial Statements for the Year Ended 31 March 2023
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.
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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the period ended 31 March 2022.
Trustees' expenses
Expenses totalling £1,802 (2022 £ni) were reimbursed to one trustee.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 84,053 |
| NET INCOME | 84,053 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 471 |
Page 5
continued...
Gloria E. Marco Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| fund | ||||||
| £ | ||||||
| TOTAL FUNDS CARRIED FORWARD | 84,524 | |||||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| 31.3.23 | 31.3.22 | |||||
| £ | £ | |||||
| Other creditors | 450 | - | ||||
| 5. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 1.4.22 | in funds | 31.3.23 | |||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 84,524 | 18,351 | 102,875 | |||
| TOTAL FUNDS | 84,524 | 18,351 | 102,875 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 25,000 | (6,649) | 18,351 | |||
| TOTAL FUNDS | 25,000 | (6,649) | 18,351 | |||
| Comparatives for movement in funds | ||||||
| Net | ||||||
| At | movement | At | ||||
| 1.10.21 | in funds | 31.3.22 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 471 | 84,053 | 84,524 | |||
| TOTAL FUNDS | 471 | 84,053 | 84,524 |
Page 6
continued...
Gloria E. Marco Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
5. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 84,053 | - | 84,053 |
| TOTAL FUNDS | 84,053 | - | 84,053 |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 7
Gloria E. Marco Charity
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |
||
|---|---|---|
| Period | ||
| 1.10.21 | ||
| Year Ended | to | |
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 25,000 | 84,053 |
| Total incoming resources | 25,000 | 84,053 |
| EXPENDITURE | ||
| Charitable activities | ||
| Travel & other expenses | 3,915 | - |
| Scholarship fees | 972 | - |
| 4,887 | - | |
| Support costs | ||
| Management | ||
| Postage and stationery | 312 | - |
| Website costs | 650 | - |
| 962 | - | |
| Governance costs | ||
| Accountancy fees | 800 | - |
| Total resources expended | 6,649 | - |
| Net income | 18,351 | 84,053 |
This page does not form part of the statutory financial statements
Page 8