Charity registration number 1188783
AILSA’S AIM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
AILSA’S AIM
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Kristine Richardson Niven Whatley Ken Langley Georgia Waite Jill Fardoe Charity number 1188783 Principal address 61 High Street Higham Ferrers Northants NN10 8DD Accountants Addacas Accounting Limited 71 High Street Higham Ferrers Northants United Kingdom NN10 8DD
AILSA’S AIM
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 – 2 |
| Accountants' report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 – 11 |
AILSA’S AIM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charities Act 2011 and "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
The charity's objects are to supply and deliver essential care to cancer patients and families, and parents with babies in neonatal care.
We aim:
-
a) To provide care items to promote positive mental and physical wellbeing and reduce isolation for those affected by a cancer diagnosis or a neonatal birth.
-
b) To deliver care packs to cancer patients and parents with babies born into special care
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
At Ailsa’s Aim, we want to promote positive mental and physical welling to families affected by a cancer diagnosis or a neonatal birth.
We focus on positively enhancing the lives of cancer patients going through treatment and also families affected by neonatal birth by providing crucial care items during their stay in hospital.
Financial review
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
1
AILSA’S AIM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
The Trustees who served during the year and up to the date of signature of the financial statements were:
Kristine Richardson Niven Whatley Ken Langley Georgia Waite Jill Fardoe
None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
The charity is controlled by its constitution and is a Charitable Incorporated Organisation.
The trustees' report was approved by the Board of Trustees.
Niven Whatley Trustee
30 January 2025
2
AILSA’S AIM
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AILSA’S AIM FOR THE YEAR ENDED 31 MARCH 2025
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Ailsa’s Aim for the year ended 31 March 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com.
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ailsa’s Aim and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with ACCA Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ailsa’s Aim and the charity's Trustees as a body, for our work or for this report.
It is your duty to ensure that Ailsa’s Aim has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Ailsa’s Aim. You consider that Ailsa’s Aim is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Ailsa’s Aim. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Addacas Accounting Ltd Chartered Certified Accountants
71 High Street Higham Ferrers Northants NN10 8DD
30 January 2025
3
AILSA’S AIM
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| Notes Income From: Donations and Legacies: 3 Expenditure On: Charitable Activities 4 Net (Outgoing)/Incoming Resources Before Transfers Gross Transfers between Funds Net Income (Expenditure) for the year/ Net Movement in Funds Fund Balance as at 1 April 2024 Fund Balances at 31 March 2025 |
Funds 2025 £ 164601 158038 - - 6563 6936 13499 |
Funds 2025 £ - - - - - - - |
Total 2025 £ 164601 158038 - - 6563 6936 13499 |
Funds 2024 £ 77781 73531 - - 4250 2686 6936 |
Funds 2024 £ - 7080 - - -7080 7080 - |
Total 2024 £ 77781 |
|---|---|---|---|---|---|---|
| 80611 | ||||||
| - - |
||||||
| -2830 9766 |
||||||
| 6936 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
4
AILSA’S AIM
BALANCE SHEET AS AT 31 MARCH 2025
| Notes Fixed Assets 8 Current Assets Cash at Bank Creditors: Falling due within One Year 9 Net Assets Income Funds 10 Restricted Funds Unrestricted Funds |
2025 £ 3022 10746 13768 269 |
2025 £ 13499 13499 13499 |
2024 £ 3321 3615 6936 - |
2024 £ 6936 |
|---|---|---|---|---|
| - 6936 6936 |
The financial statements were approved by the Trustees on 30 January 2025.
Niven Whatley Trustee
5
AILSA’S AIM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Ailsa’s Aim is a charitable incorporated organisation registered in England and Wales. The charity's principal address is 61 High Street, Higham Ferrers, Northants, NN10 8DD.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
6
AILSA’S AIM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 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.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
7
AILSA’S AIM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
8
AILSA’S AIM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 3 Charitable activities Fundraising Activities Advertising Charitable Donations Printing, Postage, Stationary Depreciation Staff Costs Insurance Repairs and Maintenance Motor Expenses Phone Office Costs Interest Share of governance cost (see note 5) Analysis of Fund Unrestricted Funds Restricted Funds 4 Support costs Accountancy |
2025 £ 60640 5708 369 7423 1299 54266 2401 820 4733 931 18361 46 156997 1041 158038 158038 - 158038 Support Costs £ - - |
Governance Costs £ 1041 |
2024 £ 37087 4267 1810 1695 1150 19481 2140 590 2330 807 8744 84 |
|---|---|---|---|
| 80185 426 |
|||
| 80611 | |||
| 73531 7080 80611 2024 £ 426 426 |
|||
| 1041 |
9
AILSA’S AIM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
5 Trustees
None of the Trustees (or any persons connected with them) received any reimbursement of expenses from the charity during the year.
6 Employees
The average monthly number of employees during the year was:
Total
| 2025 | 2024 |
|---|---|
| 2 | 1 |
The key management personnel of the charity comprise of the trustees. There were no employees whose annual remuneration was more than £60,000.
7 Fixed Assets
| Cost Bought Forward Additions Disposals Cost Carry Forward Depreciation Bought Forward Depreciation Charge Disposals Depreciation Carry Forward NBV BF NBV CF |
Commercial Vehicle 4495 1000 5495 2173 1049 3222 2322 2273 |
Computer Equipment 1249 1249 250 250 500 999 749 |
Total 5744 |
|---|---|---|---|
| 6744 | |||
| 2423 1299 |
|||
| 3722 | |||
| 3321 3022 |
10
AILSA’S AIM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
8 Analysis of net assets between funds
| Fund balances at 31 March are represented by: Current assets/(liabilities) |
Unrestricted Funds 2025 £ 13499 13499 |
Restricted Funds 2025 £ - - |
Total 2025 £ 13499 13499 |
Unrestricted Funds 2024 £ 6936 - |
Restricted Funds 2024 £ - - |
Total 2024 £ 6936 6936 |
|---|---|---|---|---|---|---|
11