Charlty Regi•tration No. 1188419 THE ROY BARD CHARITABLE FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
THE ROY BARD CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION S Bard G Bum$ M ltrantz R Bard Charfty numb•r 1188419 Pncl1 addrn The Estate Of The Roma Building 32-38 Scrutton Street London ECZ44RQ BAnkern Barthys Bank PLC L9kester Ser¥icing Centr9 Le$¢ LE87 2BB Ind•pend•nt Examln•r Nlohok9s Sladden FCA DChA BFP RSM UK Tax and Accounting LIMed 25 F8Ingdon Street London EC4A4AB
THE ROY BARD CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 Th¢ Trust885 present their rgport and ffinancial statements for the year ended 31 March 2022. The financkgl slatem9nts have been prepared In atLordgnc8 Mth thè aco)unling polieS set out in nolo 1 and e4Jmpty vrith thè charity'$ governing document, Ihe Charltles Act 2011 and the Acwjnting and Reporting by Charltleg.. Statement of Recommend Pracb'cg appli¢8ble to charttles PTeparing thwr gw)utts In accordance with the Financ4al Rewting Standard apEd1e in the UK and Repubh'c of Ireland {FRS102). Ob¢11¥•8 and aetlvltl Thè purp)$e of the tharity is to 8<fv8nce SUL* charitable purposes {8ccording to tho kn of England arKI kIes} as the Tfuslees from Ume to IMTre as sel out In the gov&ming documant. A¢hl•vemfrnts and perfomianc• The ¢harity has recenlly become activ8 in the chariiat4e field and Is retlemrfng some worthwhile projed8 to conslder their worthin8 for donations. Flnanclal rovI•w Th• results are set out in the Statemènt of Finandal Activilies on page 4. Thè Trust made grants of £58.W1 12021 £niD during the pèriod. Material grants were is$ued lo PalnKourt Limited £25,W1 12021."£Nill and Jewsh Care £30,000 {2021..£Ni4. A breakdown of grants ty charilable oblective is shrv•m in note 4. Donatiorts of £479.000 (2021". £16,000) ww• recewed during the period. The reserves carrigd fOard are £425.846 (2021: £13,000), whth are nsidered lo be satisfactory for futurè needs. Thè charity operate5 within a strkl govemaneg, espeaally within the unstable Konomic envlronment experienced during the year. Wth this in mind, ogrtaln donations were sought and received l¢)wards th& end of the financial yèar meaning that its erVeS were likaty lo be higher than normal at the b81anc8 sheet d8le. In normal the charrty would hope to re¢0 don8lion8 during the eourse of thg year arKI will havo considered Worthwh1 causes within its obje¢tlve8 on an gven basis. howaw th19 has not been possible for this ye¥r. Given tho unstable ec4)nomi¢ dlmate the trustees are mindful lo maintain a go¢xl 19vel of cash flow to meet expenses and worthwhile cause$ and this has driven the r6Éems policy for the current year. Rel•i•d Party Tran8actlon• To hgjp supp)rt the iniual donations for thg ¢h8rlty the trusleps rnade donotions lotslling £380,000 12021.. £18.000). There were Trj ¢onditions attached to these dona11ons that woukl r&qulr8 the charity to signifi¢antty tgf the nature of its 8CtNibes. Plan¥ for futyre wlody The amn of the Trustees for Iho next yoar is lo continue maklng donations to variijus chaiili•s. Stru¢tur•. uovernaTh¢• and managem•nt Trustees musl be app)inted by a resokrtion passed 81 a properfy convened meetnig of the axlsllng TnJstees. The exi$fjng Trustses will give regarfj to the skills. knowledge and experienc& n8•ded for the effective admlnlstrallon ofthe CIO in s818Cting Iru51088. Tha ¢h¥Tity was set up by Sarah Bard by constitution dat&J 19 FebTuary 2020 and is rogislered as a Ch8rit¥ble Incoorated Organi5ation ICIOI in England & Wales nurnber 1188419. The Foundation 18 •Stabllshed for the public b8nefft and has focused on ralslng funds to support other charities. The tharity has no paid slaff. The Truste8s gi their time and ewrli8e freety gnd no Th18tsè remuneration was pakl In tho year. Thè Trustees who sefftd during the year werg: S Bard G Bums M Krantz (Appointsd 14 June 2021} The Trust. repcKt was approved by the Board of Trusl•as.
THE ROY BARD CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 TnJste8 Dated.. 2710112023
THE ROY BARD CHARITABLE FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THEYEAR ENDED 31 MARCH 2022 The Trusleos are msponsit4e foi prepar#)g the Tru8tee8' Report and the ffinantyal stslements In ac¢ordance with applicatle law aThJ United Kingdom ArKounting Standards Iunited Kingdom Generalty A¢¢eplad Accounting Practi). The law applicab to thibes In Eng18nd and Wales requiM the Trustees lo pr¢pare finan01 statements for tach flnan¢ial year which glve 8 true and falr vi6w of th8 stata of 8ffalr8 of and of the Inc•ming resources and applI110n of resources ol IhE for that ye. In preparing Ih&se ffinawal statfjmgnts. Ihe Trusto8s are rgquirfjd to.. - sel8d suitable ac¢ounling rdieies and then appky them conslstenty, - observe the melhcJs and pripIeS in the Charilies SORP.. - judgements and estimatès that arg reasonab and prud•iL - State whether applc¥l)le accounting standards have been folowed, $ubje¢t to ny m8t•rial deparknres dlsdosed and explained in the financi statements,. and - prepare the financAal statements on the goiro Concern basis Lmltss it is inappropriate to presume Ihal the charity will conlinug In operalion. The Tru8tee8 are re8ponslblo for keeplr¥J Sufficient aOnting ordS Ihgt disclosg wth raasonable accuracy at any Iwne the financial posrfion of the and enabltr them to ensure that the finandal stslements compty wlh th& Charities Act 2011, the Chlty IActtsunts and Reports} Regulalion8 2008 and the provisions of the trust deed. They are also responsible for safeguarding Ihe assets of the and hène8 for takjng reasonablo 8tep8 for the prevention and d8toGti of fraud and other irregularibe&
THE ROY BARD CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROY BARD CHARITABLE FOUNDATION I report lo the Iru$t8 on my 8xaminalion of the finandal slat•Mnts of The Roy Bard Chttable Fc4Jndatlon (le ch8rrty'> for the year ended 31 Mar¢h 2022. whth ar¥ sel out on pages 4 10 10. R•spon$lbllltte and basls of r¢port As th& tNstees of the ¢haTty you are responsible for the preparation of the finanrAal statements in accordanca with the r8quiremfjnts of the Charithes Act 2011 cl 2011 Acl'}. I report In respeLX of my examinalion of the charty's acwunts rArrSed out under sèdion 145 of the 2011 Act and carying olrt my examinat¥)n I have followed all the applical)le Directions glven by the Chaiity Commission undgr sedon 145 {5llb} of the 2011 Act. An Independent examirbation does not invofv• 9alhering all the evhlence that Wld be required in an 8udit aTrJ c¥ns4quenlty does not cover all the matters that an auditor eon&d¥rs in giiing thr opinion on th• finanaal ¥talernents. The planning and ojnduct of an audit go&s b9yond the limited assurance that an Independent examination pde. cseqUen1y, l express no opInn a$ to whether Iho Ilrwi¢ial slatsments present rue and falr view, and my roport 18 Ilmfted lo those spe¢ific matters set out in the independent exarniner'8 ststemenL Ind•p•nd•nt •yAmlngr $tstem•nt I have cornpleted my examination. I cnfIrM that no material mattfrrs have come to my attention In nn010n with the examination gmng mè reasonable <suse lo belleve that in any mleri81 respect= 1. aceounling recc(ds were not k•pt In spe of th8 charty a$ required by seclon 130 of the 2011 Art or 2. the fln8n¢ial statements do not accord with thos8 record3,' or 3. the finanThal statements do not comply wrfh the appllcable requiremenls conceming the fomi aml ¢))nlent of financAal 51alemenls sel out in the Charities IA¢¢ounts and Raportsl Rul*l10nS 2008 other than any qUiTemenl that tho accounts give a trug falr which Ss not 8 matter nBIded as part d an independent examinatlon. I have no corKerns and have ctsrne across other matters in nn$¢t wllh the examination to whkh 8tt¢ntlc should be drawn in this report In order lo enab a proper und8rstsnding of the ffinanGial statements to be reached. Signed: Ni¢hol?$ Sladden FCA DChA BFP RSM UK Tax and Accounthng Limited 25 Farringthjn Slwt London EC4A 4AB 27101123 Daled..
THE ROY BARD CHARITABLE FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCORPORATING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unvestri¢t•d funds 2022 2021 Not Donations re¢oiv•d 479.000 16,000 Charitable activities e6,154 Net movemttnt in lund8 412.846 13,000 Total fuTrJs brought foTh¥ard 13,IX Total funds carrl•d forward 425,846 13.C%)O All fijnds are unre8tricted.
THE ROY BARD CHARITABLE FOUNDATION Company Reglstratlon No. 1188419 BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Cuvront a•ts Debtors Cash at bank and in hand 99,000 334.346 16.000 433,346 Cr8ditoYs: amounts falllng due wlthkn om year 16,000 17.51fj> (3.0} Nel curr•nl assots 425,846 13.000 Incom• fund8 UnreBtsicted ndS 425.846 13,0 425.846 13.CQO Thg not•6 at pages 6 to 10 fom part of thtrse account$. 2710112023 The financi91 stslements were approved by th8 Tnkns on ......................... Thtee
THE ROY BARD CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A¢¢ountlng poll¢lg• Chaiity infomialion The Roy Bard Chitsble FOundatn is ¥ tharity registered in EngLand and Wales by th8 Char5ty Commlssk)n (charlty number 11884191. Delaily of the princApal address are giv8n on th8 information page of thè financlal 8tatements. The tharity's operalicffls and prinopol aQniits are descrfbed In the Trustees. Report. A¢¢ountlng ¢on¥•nOon The finanrial statements have been prnpargd under hi$tori¢al ¢¢$1 ¢onvenlion. The ffinan¢wl $tsiements have been prepared in aGrdanCe wllh tho Slatemenl of R8¢wirnend8d Pracaice A¢countSng and Repoiting by Charili&$ preparing their aw)unl8 in aOrdanCe with the Financaal Reportlng Standard applicable in th¢ UK and Rewbllc of Irdand IFRS 1021 second edition (effective 1 January 2019) and th• Charities Act 2011. Th8 financial statements have departed from the Charibes (A¢nts and Reports} R¢gulions 21108 only to Ihe extent required to provide a trua 8nd fair view. Thls departure h88 Involved followlng th8 Stst&ment of Racommèndad Practica for chanlias app.ng FRS 102 rathtr than the version of tho Statament of Recommend¥d Prn¢ti¢o which 1$ referred lo in the Regulations trojt whith has sincè bean withdrawn. The thartty c£Jnstituts8 a public benefit entity a& defined by FRS 102. The financial statements are prepgred kn stgrfln9, whlch 18 the tIonal currenoy of the charrty. McThtsry amounts in those ffinancial stalemonts arfj rounded to the ntrafvst £. Golng eone•m The Trustee5 arg not awwg of any malerfal UnrtaInl8$ related to events or conf1111on8 that may C48t signrfi¢ant doubt about th¢ ablity of the ¢hartty to continue as a going concem and hav¢ a renl• exp&ctalion that the th8rlty has adequate resour¢e8 Its conlknuè in operational e$tenCe for the foreseeable future. In the vlew of the Trustee8, the charity hits sUffent reseive5 to continue in operation for at loast tsvelve months after the approval of the )Inancial slatem8nls. Thus they continua to adopt the going crceM basiB of acuunling in PTeparing the financial statements. Rèporting p•riod The prior year a¢untIng peri¢xl coveied the 13 months from 9 March 2020 10 31 March 2021. The curront yaar a¢counl$ ¢ovw the 12 month$ up to 31 March 2022. Therefore. the fvJur•s in the a)uftts may rKt entirely ¢omparable. Charitsblo fund• Unrestrlctod funds are gxpgndable at the dlscretl)n of the Trustees In t furtherance Of the ObltIveS of the Ch8rty. In¢om• Income is induded in the statement of financlal 8Ctlvlties wh&n th& chaTIty Is legally entltled b the inme, thera is SLrffiaènt probabilty of r8eaipt and Ihg tsUnt ¢8n be quanlified with reasonable a¢¢uracy.
THE ROY BARD CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting pol1cl IConlSnugd} Exp•ndlture Grants Payab ar8 induded wlhin direct costs and wVeman expenditure l¥ Inded wlhln $4)port coslg. Gov8rn8nce co51s relalp to the publk accountabllty of the ¢harfty ar¥J ragulalory ¢omFAiance. Govgmance costs are apportioned to Charitab actItIo$. Taxawon The Foundation is a wisterod charity and as sh its Income g#ins falling thIn Seclions 466 to 493 of Ihe Corporation Tax A¢t 2010 or Section 252 of the Taxation of Chargeable Gains Aca 1992 a exempt frorn corporation tax to the extonl Ihat thèy are ped to ils ch•ilable objecliws. Donatlons and legacl•s Unrutrkted fundj 2022 2021 Donations receNed 479,Crf)O 16.000 OcThlions include ac£ed grft aid Income ot £99.000 (2021.'£nil)
THE ROY BARD CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charftabh actlvth UnTtriCt•d fund* 2022 2021 Dlrècteosts Grants lo institutions (note 4> 58.001 Support ¢08ts ovemana Payablo to RSM A¢¢ounls pr8paralion Independènt Exarninerfs fees 5,100 3,000 8.100 3,000 Othèr costs 53 53 Totsl •xp•ndltur• on eharN•ble activilivJ e8.154 3,000
THE ROY BARD CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Grnnts lo lThBtituUo No. of grants 2022 Granls yabl• 2022 No. ofgrnnts 2021 Grants payabl• 2021 General Char[tae Causes 68.LY11 Totsl grants Payable 58.001 Trusts•* Th& Trustees, who are considergd to be the key managemenl pwsonnd, Tecoived no remuneration o gxpenses for their 8ervKes {2021'. £nlD. To help $upport inilial donations for th& th8rty Sarah Bard and Rèbecca Bard both m8do donation8 0 £190.000 each ttstalling £380.00012021.' £16,000). Th wère no amployees during the year. D•btorn 2022 2021 •lmounts falling duo within on• year. Prepaymgnts and aowgd Ino)me Cr•dltov8: amounts l11Thg due wlthln one ye•r 2022 2021 Acfflials 7,500 -10-
THE ROY BARD CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Movtment in fun¢ts Balan¢9 at 1 Aprfl 2021 In¢om• Expendlture 8al8nc• at 31 March 2022 unStded fd$ 13,0 479.000 (06,154) 42S,846 Comparaljve mov•rn•nt In fund# Balance at 9 Mar¢h 2020 Income Expendltur• Balanc• at 31 March 2021 ur51cled funds 16,000 {3.) 13,O¢XJ 16.000 13,000) 13,000 Analys1$ of n•1 a•8•ts b•trften fund• Unr•¥trict•d Funds Fund balancas 88 at 31 March 2022 are repre88nled by: Debtors Ca6h al bank and In hand Ngt current IlableS 99.000 334,346 17,500) 425.846 Anilysl¥ of n•t a¥sets b•iw••n lund•- prforyelr Unr•strl¢ted fuTrd$ Fund balar& as al 31 Marth 2021 ¥e reF¥esented by". Cash al bank and in hand Ngt ourrent liabllities 16,000 13,OCQ) 13.000 11