Rogistered Charlty No." 1188419 THE ROY BARD CHARITABLE FOUNDATION ACCOUNTS AND TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2021 RSM UK Tax and At¢ounting Limited 26 FarrlngdoTr Street L¢)ndon EC4A 4AB
THE ROY BARD CHARITABLE FOUNDATION REPORT AND ACCOUNTS PERIOD ENDED 31 MARCH 2021 Index LEGAL AND ADMINISTRATIVE INFORMATION REPORT OF THE TRUSTEE8 ACCOUNTANTS. REPORT TO THE TRUSTEES OF THE ROY BARD CHARrrABLE FOUNDATION STATEMENT OF FINANCIAL ACTivmES BALANCE SHEEr CASH FLOW STATEMENT NOTES TO THE FINANCIAL STATEMEiirs 7-10
THE ROY BARD CHARITABLE FOUNDATION LEGAL AND ADhllNISTRATIVE INFORMATION PERIOD ENDED 31 MARCH 2021 REGISTERED CHARITY NO 1188419 ADDRESS OF THE CHARITY Th• Estate omce The Roma Buildlng 3248 Scrntton Str•8t London EC2A 4RQ TRU8TEe3 S 8anl (appointed 9 Mayth 2020) R Bard lappoinled 9 March 20201 Kranlz (appointed 9 March 2020) G Bums {appolnted 14 June 2021 BarGlays Bank PLC Lgicestgr Servlclng C•ntrg Leicest•r LE87 28B BANKER8 Accountants RSM UK Tax and Accountlng Limited 28 FarrfngdoTr Street London EC4A 4AB Page 1
THE ROY BARD CHARITABLE FOLhNDATION REPORT OF THE TRUSTEES PERIOD ENDED 31 MARCH 2021 The Tru5tses present thew Flnandal Repc¥t and the Financial Ststements olthe tharity forthe puiod ended 31 March 2021. The Finandal Statsments have been prepared in acwrdance Vth Ihe accounting poli¢ie& set out kn the Troted tri Ihe accounts and compty the char$ goveming document. the Charitie8 Aot 2011 and the Accounting and Reporting by Charities: Statement of RelFneThded Praclice applicable to charities preparing their aCts in accrffdance with the NnanrAal Rep)rling Standard appticable in the UK publhd on 2 January 2019. The Charty was nrpOrated on the 9 Marth 2020. 1. Objecllves and A1¥111?$ To Suth Charitab purposes {aceor(Ing to the law of En4and and W8188) as the Trustees see fft from time to timfr. The ¢harlty has recenly beGome acllve in the tharitable field and15 Tevithying some worlhwhile pr0cts to constder thelr worthiness for dmatlon8. Z Achlovoments and P•rfonnanc• The charity ha8 recenty beme active in the charitable ffiekl FS revlewng 80me worthwthile projects to con$rder their wothiness for donatiorts. 3. Fkn•nclal R•view The charity ha8 recenliy commenced its tharitable obi8¢ts. The charity ha$ onPy recenly received donalions. At the end of Ihe period £13.000 was held in unresthrted rtterves. 4. strUre, Govemanc• and Magemnt Tr4the8 must be rypointed by a resolulion passed at a propedy convened meeting ofthe existing Tntee5. The exisling Truste8$ will glve regard to1he skills, knorfedge and experlence needed for effective admirithatK)n ofthe CIO in seleoling newtrustees. The charity was set up by Sarah Bard by constitulon dated 19 February 2020 and 15 reglstered as a Chafilable Incorporated Organisation (CIO) in England & Vlal8$ number 1188419. The Foundation Is establlBhed forthe wblic benefft and has fi)cused on ralsing ljnds to support other charlties. The charty has no paid 8taff. The Tw$tees i¥ve Ihelr time and experUBe treeiy and no Trustee rgmuneration wa6 paid tn th& year. & Accounts reserves pollcy risk Thè accounts are Set out on page8 4 to 10. The Tru¥tee8 do not con81der r( nece&sary to hold spadfic reNe6 to cover fiJtur& fundknraising events 88 they y11 be self-financin9. The Tntstees have a reasonable expectation that there are adequate )Inan¢ial re50WCeS to conlinue tn operational exi6tenr* fDr1he lore8eeable fubjre. Th9 ri8ks facing the charty have been COldered and the Tnthe8 believe that there are nD i88ues of any Coequence. e Trustees on .. nd Slgned on Iher beh811by'. .. ITnJ8tee) SBar Pa9e 2
THE ROY BARD CHARITABLE FOUNDATION ACCOUNTAp¥fs REPORT TO THE BOARD OF THE TRUSTEES OF THE ROY BARD CHARITABLE FOUNDATION ON THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 In order to assist yw to fvlfil YOUT under the Companies AfA 2006 and the Ch8rtbe8 Act 2011 and rewlaton$ thereunder llhe Acts?. we prepared foryour approval the finandal statements of The Roy ard Charitable Foundation whith comprlse the Statement of Financial Activiues. the Balance Sheet. and the reletsd notes In accordance wilh the financial reporting framework set out thereln from the charity's accounting records and from inforn)ation and explanations you have given us. A6 a praclising men•er fwm of the Insltute of Chartered Accountants in England and IVale8 (ICAEW), we are subject to its ethical and other professlonal requirements which are detailed at hty>.'IhwM.icaew.comlenlMember8lregation$-8t8ndard>an&QU[danCe. Thi8 rep¢)rt Is made solely to the Trustees of The Roy Bard Chaiilable Foundation, as a body, in accordance wrlh the terms of our engagement letter dated 1 S Marth 2021. Our work has been undertaken solely to prepare for your approv85 the financial statements of The Roy Bard charable Founéation and state those mattgrs Ihat we have agreed to 8tats to them In accordance ith ICAEW TeGhnlcal Release OT116 AAF. This report should not therefore be regarded as Suitsble to be used or relied on by any other party Shing to acqulre any rights against RSM UK Tax and Accounting Limited for any puipo8e or in any context. Any party other than the Trustees which obtains access to thi5 Teport or a pY and chooses to rely on this report (or any part of r(} 11 do 80 at its own risk. To the fullest extent permitted by law, RSM UK Tax and Accounting Limlled will accept no responsibilty or liabllty in respect of this report lo any other party and shall not be I'8ble any loss, damage or expense of whatsoever nare vthith is cau$ed by any person's reliance on representations in thls report. It i8 your thty to en8ure that The Roy Bard Charitable Foundation has kept adequate accounting reci)rd8 and to prepare statsjtory finand81 statements that ge a true 8nd fair view of the assets, liabilibes, financial ltrOn and reBuIt8 of The Roy Bard Charitable Foundation under the Acts. We have not been instructed to caY out an audr( or a review ofthe finan(#al ststemonts ofThe Roy Bard Charitable Foundation. FOT thls reason, wa have not verified thè aUraCY or completeness of the accounts'ng reGords or information and expianations you have gven to us and we do not, therefore, expre88 ary opinion on the statutory fjnanual statements. RSM UK TAX AND ACCOUNnNG UPIITED Chartered Accountsnts 25 Farringdon Street London EC4A 4AB Date.. 28101122 Pago 3
THE ROY BARD CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 PMRCH 2021 Unrnstrictsd Total 2021 In Donaticrts received 16,000 16.000 Tolal incoming rosources 10.000 16,000 ndithre Chable 8Ctivilies 3,000 3.000 T¢)tal r•SOu •xpendod 3.000 3,lJOO Net movemgnt in fijnd 13,0(Kl 13,000 ReMnclllath)n of fvnds Total fundg carriad fonvard 13,000 13,OIXI The statemènt ol fln&ndal a¢b'vTlies indes ali galns and losses in the pttiod. All amounts above are dedved from eonlinuing aotivitles. Pag$ 4
THE ROY BARD CHARITABLE FOUNDATION BALANCE SHEET AT 31 MARCH 2021 2021 C¥8h at bank and in hand 16,000 Total currgnt ass•ts 16,000 Current LiablI1es kniounts falling due within one year 3,000 Net current ass•ts 13,000 The funds of the CharKy Unregtrictsd knnd5 13,000 Totsl charityfunds 13000 The financial statement on pages 4 to 10 were approved by the Trustees on £7 01..2hnd signed on thtyr behalfb Trustee Page 5
THE ROY BARD CHARITABLE FOUNDATION CASH FLOW STATEMENT FOR THE PERIOD ENDED 31 MARCH 2021 2021 rA$h pn>vided by 0ratIng a1vIlle$ 16,000 InLYea8e In eèsh and cash equivalent in the peiiod Cash atthe $tsrt ofthe peFiod 16,000 C88h at the end ofthe period 18.000 Page 6
THE ROY BARD CHARITABLE FOUNDATION NOTES TO ThE FINANQAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 ACCOUNTING POUCIES The wincsial ac¢ounllng pdideB 8dopted.NJdgements and key 80urce¥ ofestThation uncertalnty In Ihe preparali¢)n of Ihe finanrial Statements are as folow6". Basis of ac¢ountvig The accounts {flnandal stalEm8nts) have been prepared in acce with Ihe Statemerrt of ReMmmonded Prathice: A¢counling and Reporling by Chaiili8s preparfng thr aCCnts in accordance Ihe Financial Raporting Slandard ap1¢&ble in the UK and Republlc of Iiefand (FRS 102) Issued on 16 Juty 2014 and the Finanaal Reporlino Slandard applicable in the United ngdom and Republic of Ireland IFRS 102) and Ihe Charfaes Act 2011 and UK Generally Accepted Practice as Stapplre8 from 1 January 2019. (a} Thé financlal ststsments are prèpared In sterting, whkh rs the fvndlonal ¢ufr8ncy ofthe tharlty. Monetsry amoLvts In Ih88e finandal statements are rounded to the nearest £. The financial ststements have been prepared under the h18tlxk c08t convention. The piinopal aCCnIing poficies adopted are Eet out below. Acc¢unting TIOd The thaFIty YRS in¢orporated on the 9 Marth 2020 and is a 13 month aOUn19 period to 31 Uar¢h 2021. (b) Going concern The Trustee$ ¢(der the LBe of the con¢em basis of accounting is appropriate because there are no materiaf uncertainties rdated to events or condilions Ihat may castsiwfficant doubt abtthe ablty ofthe Foundation to C4)ntinue as a gng Con(. Public benefh The (arity constMte8 a public befft entity as defined by FRS 1tr2. The thaiity IB a trust that is domicmed and incorporated rn England and Wales. Fund acwfttlng Unre8lricted fijnds are expendable at the thdIon ofthe in theranCe ofthe obts ofthe Charify. Restricted funds comprBe monies where a reslricllon has been Frfad on thew use by a donor (for a purpose %thich falls Y+ithin, but a narr¢)werthan the general tharitsble obkctive8). Restricted fiJnd5 are tstributed in accordance wlth the terms of the ap¢¥ble restriLon. All incomlng teBource8 are Induded in the ststement of frTrandal adivilies vthen the Foundation Is leg81ty entrU8d to the Inrne, there * $Ltient probaknlity of receipt and the amgunt can be quanlified reasonable ac¢ur4cy. The follokning spefiC policies are applied to pathular Categories of in¢cne.' Voluntary Income B received by way of dmatiLTh and ilcluded In fuN in the statement of finan¢ial acovlties on receipt. Incoming Tesources trom Intsre8t rs ldUded In the sknment of flnancial acllvilies and credited ¢)n a receivable b88is. Income from events 1$ recognl8ed in the peFiod In wtjich the event ocwTr. Income related to goods donatsd for aucllon is recogni8ed %*then the Income IB recew. Pa7
THE ROY BARD CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE PERIOD ENDED 31 MARCH 2021 ACCOUNTING POUCIE8 {CONTINUED) Financial instMents Flnanck11 inslrumgnts are dassiffied and accounted for according to the substance of the contracbjal aThangenwnt as financial assets. financial Ilabllties or equity instruments. An equty in8trument 18 any ¢ontrart that e¥idences a re8idual nterest in the a88ets of Ihe entity after dethcling all of It8 Iiabmrf$. Finanual assets Ba¢ financral assets, which include sunthy debtors. are ryiitialty measured at transactlon wice Induding transadion costs anij are subsewenlty carried at fair value. hnanaalliabi1it188 Basic finanoal labiltues, whith Incde acttual8 and trade c¥editors, 8re nilla1 measured at transacbon price and subsequenly measured at amorfi8ed cost Taxatkm The FoundatioTh 1$ a re&i8tered thaFity and as $u¢h Ils income Sr gain8 falling *ithin Sedions 486 to 493 of the Corporalion Tax Ad 2010 or Se¢tion 252 of the Taxalion of Chargeable GaKIs Act 1992 are exenyt from corporalion tsx to the extent that th•y are applied to Its charitable objectrves. Ih> Pag• e
THE ROY BARD CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- contlnugd FOR THE PERIOD ENDED 31 MARCH 2021 staff costs and numbgrs The charfty has no paid staff. Trustees are consldered to be key management personnel. Total EXPdrg Unrestrthd Costs dirtctly Basis of allOted to activities allocatlon Charltsbl• a¢llvtties Total 2021 Govomance c08ts Direct 3,000 3.000 Totsl Costs 3,OQO 3,000 Governare costs In the pwlod of£3,000 relates to ac¢ountancy fe88. Cr•ditors". Amounts laling du• within one y•ar 2021 Accruals and deferred Income 3,000 3,000 Analysls of net assets betwean fvnds Unrestrlcted Funds 2021 Totsl Current a8s¢ts Current liabiltll88 16,000 13,000) 16,000 13,000) Fund Totsl 13.000 13.000 Page 9
THE ROY BARD CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- coMknu¢d FOR THE PERIOD ENDED 31 MARCH 2021 Movem0 in fvnds At9 March Incoming Outgokng At 31 March 2020 Ruources Resour5 2021 16,000 Unre8trlcted fvnds.. (3.000) 13,000 16,000 {3,000) 13,000 Reconciliatlon ol ngt movement in funds lo net cash flow from (weraling actlvitl•s 2021 Net movemerrts in fvnds Increase in ¢re¢*to 13,000 3.OlJO Not cash provided by opgrating actfvitiOS 16,OlJO Analysls of changes in net lunds At start of Cash At end of Cash at bank and in hand 16.000 16,000 16,000 16,000 TNstegs remuneralion and rnlaled party transaclion$ No twstse$ received any remuneration from the charty. No trustee¥ or othor Peon related to the tharity had any Peonal intgrest in any contract or tran8actton entered into by the during the period apart from thoso detalled below. There were no Trustee expen8e8 Incurred during the period. To help Bupport Inltlal donallons for Ihe chaiity Bard and Rebeeea 8ard both made donati¢)n$ totalllng £18,000. 10. Control There L8 no controiling party. Pgg8 10