**REGISTERED CHARITY NUMBER: 1188723** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 MARCH 2023** ## **FOR** **THE EMMA SHAW FOUNDATION** Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU **THE EMMA SHAW FOUNDATION** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 MARCH 2023** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10
**----- End of picture text -----**
**THE EMMA SHAW FOUNDATION** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 MARCH 2023** The trustees present their report with the financial statements of the charity for the year ended 1 March 2023. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity's objectives are to continue to relieve the needs of women suffering with triple negative breast cancer, by providing respite holidays and breaks away from intense treatments. We are also seeking permission from the Charity Commission to change our objectives to allow us to use our funds in a broader manner. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** During the year, we were able to hold a music quiz and other events, including our Christmas Fayre which helped us to raise funds. With the easing of Covid restrictions, it has helped us to hold at least two of the fundraising events that we had planned. Our principal funding comes from events that we organise and we also receive a small amount of charity funding from online shopping, eg Amazon. We are also exceptionally grateful to have received a large legacy donation amounting to £55,000. This amount will be used to continue achieving the objectives of the charity. ## **FINANCIAL REVIEW** ## **Reserves policy** The level of reserves the charity aims to hold are not predetermined and are based on the nature of the intentions for the forth coming period. Present year reserves amount to £75,156 (2022 - £18,336). We aim to ensure that we have sufficient reserves to enable us to continue performing and achieving our objectives. ## **FUTURE PLANS** The charity aims to continue achieving its objectives, and hopefully, following confirmation from the Charity Commission, expand and widen the nature of the objectives to help others where necessary. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1188723 ## **Principal address** 25 Exmoor Avenue Leicester LE4 0BJ ## **Trustees** Mr J S Tuddenham Mrs N M Tuddenham Page 1 **THE EMMA SHAW FOUNDATION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 MARCH 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Independent Examiner** Mr P Bott FCA Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU Approved by order of the board of trustees on 15 April 2024 and signed on its behalf by: Mr J S Tuddenham - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EMMA SHAW FOUNDATION** ## **Independent examiner's report to the trustees of The Emma Shaw Foundation** I report to the charity trustees on my examination of the accounts of The Emma Shaw Foundation (the Trust) for the year ended 1 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. ## **Use of our report** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our work, for this report, or for the opinions we have formed. Mr P Bott FCA Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU 30 April 2024 Page 3 **THE EMMA SHAW FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 MARCH 2023** |**2023**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**55,181**
Other trading activities
2
**5,468**
**Total**
**60,649**
**EXPENDITURE ON**
Raising funds
3
**3,829**
**NET INCOME**
**56,820**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**18,336**
**TOTAL FUNDS CARRIED FORWARD**
**75,156**|2022
Total
funds
£
682
4,038
4,720
1,467
3,253
15,083
18,336| |---|---| The notes form part of these financial statements Page 4 **THE EMMA SHAW FOUNDATION** ## **BALANCE SHEET 1 MARCH 2023** |**2023**
**Unrestricted**
**fund**
Notes
**£**
**CURRENT ASSETS**
Debtors
6
**-**
Cash at bank
**77,316**
**77,316**
**CREDITORS**
Amounts falling due within one year
7
**(2,160)**
**NET CURRENT ASSETS**
**75,156**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**75,156**
**NET ASSETS**
**75,156**
**FUNDS**
8
Unrestricted funds
**75,156**
**TOTAL FUNDS**
**75,156**|2022
Total
funds
£
30
18,666
18,696
(360)
18,336
18,336
18,336
18,336
18,336| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 15 April 2024 and were signed on its behalf by: Mr J S Tuddenham - Trustee The notes form part of these financial statements Page 5 **THE EMMA SHAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 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. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **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. Voluntary income is received by way of donations and legacies and is included in full in the Statements of Financial Activities when receivable. ## **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. ## **Debtors** Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. ## **Creditors** Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. ## **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. continued... Page 6 **THE EMMA SHAW FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 MARCH 2023** ## **1. ACCOUNTING POLICIES - continued** ## **Going concern** The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. ## **2. OTHER TRADING ACTIVITIES** ## **3.** |**OTHER TRADING ACTIVITIES**|| |---|---| |Fundraising events|**2023**
2022
**£**
£
**5,468**
4,038| |**RAISING FUNDS**
**Raising donations and legacies**
Other fundraising costs
Support costs|**2023**
2022
**£**
£
**514**
334
**3,315**
1,133| ||**3,829**
1,467| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 1 March 2023 nor for the year ended 1 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 1 March 2023 nor for the year ended 1 March 2022. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 1 MARCH 2022** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities|Unrestricted
fund
£
682
4,038| |---|---| |**Total**|4,720| |**EXPENDITURE ON**
Raising funds|1,467| |**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward|3,253
15,083| continued... Page 7 **THE EMMA SHAW FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 MARCH 2023** **----- Start of picture text -----**
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 1 MARCH 2022 -
continued
Unrestricted
fund
£
TOTAL FUNDS CARRIED FORWARD 18,336
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors - 30
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other creditors 2,160 360
8. MOVEMENT IN FUNDS
Net
movement At
At 2.3.22 in funds 1.3.23
£ £ £
Unrestricted funds
General fund 18,336 56,820 75,156
TOTAL FUNDS 18,336 56,820 75,156
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 60,649 (3,829) 56,820
TOTAL FUNDS 60,649 (3,829) 56,820
**----- End of picture text -----**
continued... Page 8 **THE EMMA SHAW FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 MARCH 2023** ## **8. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 2.3.21
£
**Unrestricted funds**
General fund
15,083|Net
movement
in funds
£
3,253|At
1.3.22
£
18,336| |---|---|---| |**TOTAL FUNDS**
15,083|3,253|18,336| |Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
4,720|Resources
expended
£
(1,467)|Movement
in funds
£
3,253| |**TOTAL FUNDS**
4,720|(1,467)|3,253| **Unrestricted funds** comprise those funds which the Trustees are free to use in accordance with the charity's objects. ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 1 March 2023 (2022 - £Nil). Page 9 **THE EMMA SHAW FOUNDATION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 MARCH 2023** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Legacies|2023
2022
£
£
**181**
682
**55,000**
-| |---|---| |**Other trading activities**
Fundraising events|**55,181**
682
**5,468**
4,038| |**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Other fundraising costs
**Support costs**
**Management**
Insurance
Advertising
Sundries|**60,649**
4,720
**514**
334
**305**
175
**990**
-
**220**
238| |**Governance costs**
Independent exam
Accountancy and legal fees|**1,515**
413
**1,800**
-
**-**
720| ||**1,800**
720| |Total resources expended|**3,829**
1,467| |**Net income**|**56,820**
3,253| This page does not form part of the statutory financial statements Page 10