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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 1189505

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

The Ellie Trust

Douglas Fairless Partnership Seymour Chambers 92 London Road Liverpool Merseyside L3 5NW

The Ellie Trust

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Cash Flow Statement 6
Notes to the Cash Flow Statement 7
Notes to the Financial Statements 9 to 12
Detailed Statement of Financial Activities 13

The Ellie Trust

Report of the Trustees for the Year Ended 31 March 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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 objectives of The Ellie Trust are the preservation and protection of the mental and physical health of women and children who have suffered domestic violence and the prevention of hardship and distress to women and children by domestic violence by grant making to charities and organisations who are currently helping these objectives in the Liverpool and Merseyside region

Significant activities

The Trust will use its' resources to enable the objectives to be met through;

  1. Conducting and promoting research

  2. Providing advice

  3. Publishing and distributing information

  4. Co-operating with other bodies

  5. Supporting, administering existing organisations

  6. Raising funds

  7. Making of grants and loans and the issuing of guarantees.

  8. To do anything else within the law which promotes or helps to promote the objectives

Grantmaking

All grants will only be made to charities or organisations working who address the physical and mental health needs of women and children who suffer domestic abuse or currently provide a refuge for women and children who suffer domestic abuse.

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 1189505

Principal address 23 Goodlass Road Hunts Cross Liverpool Merseyside L24 9HJ

Trustees

N Hogan P R Clark S D Welton Mrs A Welton-Lang D C Globe

Independent Examiner

Douglas Fairless Partnership Seymour Chambers 92 London Road Liverpool Merseyside L3 5NW

Page 1

The Ellie Trust

Report of the Trustees for the Year Ended 31 March 2022

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... S D Welton - Trustee

Page 2

Independent Examiner's Report to the Trustees of The Ellie Trust

Independent examiner's report to the trustees of The Ellie Trust

I report to the charity trustees on my examination of the accounts of The Ellie Trust (the Trust) for the year ended 31 March 2022.

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.

Douglas Fairless Partnership Seymour Chambers 92 London Road Liverpool Merseyside L3 5NW

Date: .............................................

Page 3

The Ellie Trust

Statement of Financial Activities for the Year Ended 31 March 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Domestic Violence Support Grant Scheme
Other
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Year Ended
31.3.22
Unrestricted
fund
£
52,358
22,713
75,071
67,330
7,025
74,355
(109,808)
(109,092)
2,428,159
2,319,067		 Period
15.5.20
to
31.3.21
Total
funds
£
2,430,891
-
2,430,891
-
2,732
2,732
-
2,428,159
-
2,428,159

The notes form part of these financial statements

Page 4

The Ellie Trust

Balance Sheet 31 March 2022

Notes
FIXED ASSETS
Investments
9
CURRENT ASSETS
Cash at bank
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds
TOTAL FUNDS		 31.3.22
Unrestricted
fund
£
2,205,950
113,117
113,117
2,319,067
2,319,067
2,319,067
2,319,067		 31.3.21
Total
funds
£
-
2,428,159
2,428,159
2,428,159
2,428,159
2,428,159
2,428,159

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. S D Welton - Trustee

The notes form part of these financial statements

Page 5

The Ellie Trust

Cash Flow Statement for the Year Ended 31 March 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Dividends received
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Year Ended
31.3.22
£
(21,997)
(21,997)
(2,293,045)
22,713
(2,270,332)
(2,292,329)
2,428,159
113,117		 Period
15.5.20
to
31.3.21
£
2,428,159
2,428,159
-
-
-
2,428,159
-
2,428,159

The notes form part of these financial statements

Page 6

The Ellie Trust

Notes to the Cash Flow Statement for the Year Ended 31 March 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Period
15.5.20
Year Ended to
31.3.22 31.3.21
£ £
Net (expenditure)/income for the reporting period (as per the Statement
of Financial Activities) (109,092) 2,428,159
Adjustments for:
Losses on investments 109,808 -
Dividends received (22,713) -
Net cash (used in)/provided by operations (21,997) 2,428,159
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank 2,428,159 (2,315,042) 113,117
2,428,159 (2,315,042) 113,117
Total 2,428,159 (2,315,042) 113,117

The notes form part of these financial statements

Page 7

The Ellie Trust

Error Messages from the Cash Flow Statement for the Year Ended 31 March 2022

** CURRENT YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS AS CALCULATED IN CASH FLOW STATEMENT DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET COMPARE MOVEMENT ON CASH FLOW STATEMENT (2,292,329)

TO MOVEMENT PER BALANCE SHEET CASH AND CASH EQUIVALENTS

(2,315,042)

The Ellie Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

2. DONATIONS AND LEGACIES

3.

Legacies
INVESTMENT INCOME
Other fixed asset invest - FII		 Year Ended
31.3.22
£
52,358
Year Ended
31.3.22
£
22,713		 Period
15.5.20
to
31.3.21
£
2,430,891
Period
15.5.20
to
31.3.21
£
-

Page 9

continued...

The Ellie Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

4. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
5)
£
Domestic Violence Support Grant
Scheme 67,330
GRANTS PAYABLE
Period
15.5.20
Year Ended to
31.3.22 31.3.21
£ £
Domestic Violence Support Grant Scheme 67,330 -
SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Other resources expended 70 6,955 7,025

5. GRANTS PAYABLE

6.

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the period ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the period ended 31 March 2021.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Other
NET INCOME
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
2,430,891
2,732
2,428,159
2,428,159

Page 10

continued...

The Ellie Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

9. FIXED ASSET INVESTMENTS

MARKET VALUE
Additions
Revaluations
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
There were no investment assets outside the UK.
Cost or valuation at 31 March 2022 is represented by:
Valuation in 2022
Cost
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
75,071
TOTAL FUNDS
75,071		 At 1.4.21
£
2,428,159
2,428,159
Resources
expended
£
(74,355)
(74,355)		 Net
movement
in funds
£
(109,092)
(109,092)
Gains and
losses
£
(109,808)
(109,808)		 Listed
investments
£
2,293,045
(87,095)
2,205,950
2,205,950
-
Listed
investments
£
(87,095)
2,293,045
2,205,950
At
31.3.22
£
2,319,067
2,319,067
Movement
in funds
£
(109,092)
(109,092)

10. MOVEMENT IN FUNDS

Page 11

continued...

The Ellie Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
2,430,891
TOTAL FUNDS
2,430,891		 Net
movement
in funds
£
2,428,159
2,428,159
Resources
expended
£
(2,732)
(2,732)		 At
31.3.21
£
2,428,159
2,428,159
Movement
in funds
£
2,428,159
2,428,159

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 12

The Ellie Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

Year Ended
31.3.22
£
INCOME AND ENDOWMENTS
Donations and legacies
Legacies
52,358
Investment income
Other fixed asset invest - FII
22,713
Total incoming resources
75,071
EXPENDITURE
Charitable activities
Grants to institutions
67,330
Support costs
Finance
Bank charges
70
Governance costs
Professional fees
6,955
Legal fees
-
6,955
Total resources expended
74,355
Net income
716		 Period
15.5.20
to
31.3.21
£
2,430,891
-
2,430,891
-
32
-
2,700
2,700
2,732
2,428,159

This page does not form part of the statutory financial statements

Page 13