Charity registration number 1188919
MARY ANNING ROCKS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
MARY ANNING ROCKS
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | A J Pearson | |
|---|---|---|
| B Lennon | (Appointed 6 January 2021) | |
| E D Yarnold | ||
| Charity number | 1188919 | |
| Principal address | 1 Spadger Lane | |
| West Stafford | ||
| Dorchester | ||
| DT2 8UB | ||
| Independent examiner | CB Reid Limited | |
| Wadebridge House | ||
| 16 Wadebridge Square | ||
| Poundbury | ||
| Dorchester | ||
| Dorset | ||
| DT1 3AQ |
MARY ANNING ROCKS
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
MARY ANNING ROCKS
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees present their annual report and financial statements for the year ended 30 September 2021.
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 charity's Foundation Document dated 6 April 2020, 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
Mary Anning Rocks is a grassroots campaign created to celebrate the forgotten Victorian palaeontologist Mary Anning, by erecting a permanent monument to her in her hometown of Lyme Regis on the Jurassic Coast. We want to acknowledge and remember Mary in a visual way and give her a tangible work of art as a focal point of remembrance and respect, so she is not forgotten again.
During the year we funded an artist maquette of the proposed statue which was displayed for the public to see at an event in Lyme Regis. The funds needed were raised through a variety of events including: a crowdfund campaign, T-shirt sales, auctions and competitions.
We would like to acknowledge all the volunteers who have given their time freely throughout the campaign, without which we certainly would not have been as successful as we were.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
We engaged educational artist Darrell Wakelam to create an art package for the local schoolchildren of Lyme Regis to help them create designs of how the statue should look. We also successfully commissioned artist Denise Dutton to create our maquette using the designs from the schoolchildren.
Financial review
During the year we raised £109,604. After expenses such as statue costs and direct fundraising costs, the charity had cash available of £113,691 at the year end.
The reserves are held to fund the purchase and installation of a statue for Mary Anning. The Trustees give due consideration to the level of reserves required to meet its ongoing commitments.
Structure, governance and management
The charity is a CIO (Charitable Incorporated Organisation).
The trustees who served during the year and up to the date of signature of the financial statements were: A J Pearson
B Lennon (Appointed 6 January 2021) E D Yarnold
Trustees are appointed by a resolution passed following a properly convened meeting of the Trustees to ensure suitability of candidates.
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MARY ANNING ROCKS
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees' report was approved by the Board of Trustees.
.............................. A J Pearson Trustee 25 Jul 2022 Date: .............................................
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MARY ANNING ROCKS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MARY ANNING ROCKS
I report to the trustees on my examination of the financial statements of Mary Anning Rocks (the charity) for the year ended 30 September 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 charity as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
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3 the financial statements 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 financial statements to be reached.
Matthew Haines FCA
Wadebridge House 16 Wadebridge Square Poundbury Dorchester Dorset DT1 3AQ 25 Jul 2022 Dated: .........................
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MARY ANNING ROCKS
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Unrestricted Unrestricted funds funds 2021 2020 Notes £ £ |
Unrestricted Unrestricted funds funds 2021 2020 Notes £ £ |
Unrestricted Unrestricted funds funds 2021 2020 Notes £ £ |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Income from: | ||
| Donations and legacies 3 |
106,153 | 8,150 |
| Charitable activities 4 |
3,351 | 5,586 |
| Other trading activities 5 |
100 | 2,004 |
| Total income | 109,604 | 15,740 |
| Expenditure on: | ||
| Raising funds 6 |
2,546 | 128 |
| Charitable activities 7 |
11,697 | 1,434 |
| Total expenditure | 14,243 | 1,562 |
| Net income for the year/ | ||
| Net movement in funds | 95,361 | 14,178 |
| Fund balances at 1 October 2020 | 17,850 | 3,672 |
| Fund balances at 30 September 2021 | 113,211 | 17,850 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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MARY ANNING ROCKS
BALANCE SHEET
AS AT 30 SEPTEMBER 2021
| Notes Current assets |
2021 | 2020 | ||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| 113,691 (480) |
17,850 - |
|||
| Cash at bank and in hand Creditors: amounts falling due within one year 10 |
||||
| Net current assets | 17,850 | |||
| Income funds | ||||
| Unrestricted funds | 17,850 | |||
| 17,850 | ||||
| The financial statements were approved by the Trustees on . | ........................ | |||
| .............................. | ||||
| A J Pearson | ||||
| Trustee |
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MARY ANNING ROCKS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
Charity information
Mary Anning Rocks is a CIO, registration number 1188919. The charity's address is 1 Spadger Lane, West Stafford, Dorchester, DT2 8UB.
1.1 Reporting period
The comparative period was for a period of less that one year.
1.2 Accounting convention
The financial statements have been prepared in accordance with the charity's CIO Foundation Document dated 6 April 2020, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 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.
1.3 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.
1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.5 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.
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MARY ANNING ROCKS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
(Continued)
1.6 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.7 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.
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.
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.
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MARY ANNING ROCKS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
3 Donations and legacies
| Unrestricted Unrestricted funds funds 2021 2020 £ £ |
Unrestricted Unrestricted funds funds 2021 2020 £ £ |
Unrestricted Unrestricted funds funds 2021 2020 £ £ |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Donations and gifts | 97,603 | 3,150 |
| Grants | 8,550 | 5,000 |
| Donations and gifts | ||
| 106,153 | 8,150 | |
| Donations | 86,143 | 3,150 |
| Gift Aid | 11,460 | - |
| 97,603 | 3,150 |
4 Charitable activities
| Income from charitable activities |
Auctions T Shirt sales |
Auctions T Shirt sales |
Total 2021 |
Auctions T Shirt sales |
Auctions T Shirt sales |
Total 2020 |
|---|---|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | |||
| £ | £ | £ | £ | £ | £ | |
| 303 | 3,048 | 3,351 | 4,515 | 1,071 | 5,586 | |
| Other trading activities | ||||||
| Unrestricted Unrestricted funds funds 2021 2020 £ £ |
||||||
| Fundraising events | 100 2,004 |
5 Other trading activities
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MARY ANNING ROCKS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
6 Raising funds
| Unrestricted Unrestricted funds funds 2021 2020 £ £ Fundraising and publicity |
Unrestricted Unrestricted funds funds 2021 2020 £ £ Fundraising and publicity |
Unrestricted Unrestricted funds funds 2021 2020 £ £ Fundraising and publicity |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Other fundraising costs | 2,546 | 128 |
| 2,546 | 128 |
7 Charitable activities
| Charitable expenditure Charitable expenditure 2021 2020 £ £ |
Charitable expenditure Charitable expenditure 2021 2020 £ £ |
Charitable expenditure Charitable expenditure 2021 2020 £ £ |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Internet costs | 707 | 345 |
| Paypal fees | 92 | 303 |
| Auction / Crowdfund / postage costs | 1,105 | 786 |
| Launch / Maquette day costs | 634 | - |
| Statue expense | 7,654 | - |
| Stationery | 278 | - |
| Travel expenses | 300 | - |
| Miscellaneous | 447 | - |
| Independent Examiner's fee | 480 | - |
| 11,697 | 1,434 | |
| 11,697 | 1,434 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2021 | 2020 | |
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
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MARY ANNING ROCKS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
10 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Accruals and deferred income | 480 | - |
11 Reserves
Opening reserves of the prior period relate to a surplus from charitable activities before the formal incorporation of the CIO.
12 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
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