RHINO TEARS JEWELLERY CIO
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 16[TH] APRIL 2020 TO 5[TH] APRIL 2021
RHINO TEARS JEWELLERY CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5[TH] APRIL 2021
| Page | |
|---|---|
| Report of the Trustees | 1 – 2 |
| Independent Examiner’s Report | 3 |
| Receipts and Payment Account | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 |
1
RHINO TEARS JEWELLERY CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5[TH] APRIL 2021
The trustees present their report with the financial statements of the charity for the period ended 5[th] April 2021. 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2019).
OBJECTIVES AND ACTIVITIES
The objectives of the CIO are the advancement for the benefit of the public the conservation, protection and improvement of the physical and natural environment and for the benefit of the public to the advancement of animal welfare, with a particular emphasis on the conservation of, suppression of cruelty and promotion of kindness to rhino species anywhere in the world.
To meet these aims, the CIO raises funds by making and selling jewellery; in future it aims to raise funds from donations. The charity makes donations to rhino protection bodies in furtherance of its objects.
ACHIEVEMENTS AND PERFORMANCE
During the year the CIO was able to make donations to rhino protection bodies from the profits and sale of jewellery.
FINANCIAL REVIEW
The Trustees had income of £48,805 and expenditure of £46,371; reserves at 5[th] April 2021 were £2,494.
The trustees consider the financial position to be satisfactory.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The CIO is governed by the Constitution; any new trustee must be appointed by a Resolution proposed at a meeting of the Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1189096
Principal address Idlehurst Birch Grove Horsted Keynes RH17 7BT
2
RHINO TEARS JEWELLERY CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5[TH] APRIL 2021 (cont’d)
REFERENCE AND ADMINISTRATIVE DETAILS (cont’d)
Trustees
Sarah Cobden-Ramsay Roger Cobden-Ramsay
Independent Examiner Gary Oxley Oxley & Co 17 Manor Road East Molesey KT8 9JU
Approved by order of the Board of Trustees on 1[st] February 2022 and signed on its behalf by:
……………………………………………………
Roger Cobden-Ramsay - Trustee
3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
OF RHINO TEARS JEWELLERY CIO
Independent examiner’s report to the Trustees of Rhino Tears Jewellery CIO
I report to the charity trustees on my examination of the accounts of Rhino Tears Jewellery CIO for the period ended 5[th] April 2021.
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:
-
accounting records were not kept in respect of the Trust as required in section 130 of the Act: or
-
the accounts do not accord with those records; or
-
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.
Gary Oxley ACA Chartered Accountants Oxley & Co 17 Manor Road East Molesey Surrey KT8 9JU
Date: ………………………………………..
4
RHINO TEARS JEWELLERY CIO
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE PERIOD 16[TH ] APRIL 2020 TO 5[TH] APRIL 2021
| Unrestricted | |
|---|---|
| funds | |
| 2021 | |
| £ | |
| RECEIPTS | |
| Donations | 60 |
| Sale of jewellery | 48,745 |
| __ | |
| TOTAL RECEIPTS | 48,805 |
| __ | |
| PAYMENTS | |
| Cost of jewellery and associated costs | 27,251 |
| Donations | 19,060 |
| __ | |
| TOTAL PAYMENTS | 46,371 |
| __ | |
| NET RECEIPTS | 2,494 |
| ======= |
5
RHINO TEARS JEWELLERY CIO
BALANCE SHEET
AS AT 5[TH] APRIL 2021
| Unrestricted | |
|---|---|
| funds | |
| 2021 | |
| £ | |
| CURRENT ASSETS | |
| Cash at bank and in hand | 5,603 |
| _ | |
| 5,603 | |
| CREDITORS:amounts falling due within one | (3,109) |
| year | |
| _ | |
| NET ASSETS | 2,494 |
| ======= | |
| FUNDS | |
| Unrestricted fund | 2,494 |
| Restricted funds | - |
| _ | |
| 2,494 | |
| TOTAL FUNDS | |
| ======= |
The financial statements were approved by the trustees on 1[st ] February 2022 and signed on their behalf by:
R Cobden-Ramsay - Trustee
The notes on pages 6 form part of these financial statements
6
RHINO TEARS JEWELLERY CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16[TH] APRIL 2020 TO 5[TH] APRIL 2021
1. Accounting policies
1.1 Basis of preparation of 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[st] 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.
Income and expenditure is recorded on a receipts and payments basis.
1.2 Taxation
The charity is exempt from tax on its charitable activities.
1.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
2. Trustees’ Remuneration and benefits
There were no trustees’ remuneration or other benefits for the period ended 5[th] April 2021.
3. Creditors – Amounts falling due within one year
2021 Other creditors – owed to Trustee £3,109 =====
4. Related party transactions
There were no related party transactions for the period to 5[th] April 2021.