REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1189574
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2024
for
The Arcanum Foundation
Wormald & Partners Chartered Accountants (ICAEW) Brunel House 11 The Promenade Clifton Down Bristol BS8 3NG
The Arcanum Foundation
Contents of the Financial Statements for the Year Ended 31 January 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 5 |
The Arcanum Foundation
Report of the Trustees for the Year Ended 31 January 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2024. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
(England and Wales)
Registered Charity number
1189574
Registered office
Dyrham Lodge 16 Clifton Park Clifton Bristol BS8 3BY
Trustees
M Moran (resigned 18.6.24) M Rickards A G Christian Ms R Bucknell (appointed 18.6.24)
Company Secretary
M Moran
Approved by order of the board of trustees on 25 October 2024 and signed on its behalf by:
Trustee
Page 1
The Arcanum Foundation
Statement of Financial Activities
for the Year Ended 31 January 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| NET INCOME | - | - | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | - | - | |
| TOTAL FUNDS CARRIED FORWARD | - | - |
The notes form part of these financial statements
Page 2
The Arcanum Foundation
Balance Sheet
31 January 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| NET CURRENT ASSETS | - - |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES | - - |
||
| NET ASSETS | - - |
||
| FUNDS | 4 | ||
| TOTAL FUNDS | - - |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 October 2024 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 3
The Arcanum Foundation
Notes to the Financial Statements for the Year Ended 31 January 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Taxation
The charity is exempt from corporation 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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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|||
|---|---|
|Total|
|funds|
|£|
|NET INCOME|-|
|TOTAL FUNDS CARRIED FORWARD|-|
----- End of picture text -----
----- Start of picture text -----
|||||
|---|---|---|---|
|MOVEMENT IN FUNDS|
|Net|
|movement|At|
|At 1.2.23|in funds|31.1.24|
|£|£|£|
|TOTAL FUNDS|-|-|-|
|Net movement in funds, included in the above are as follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|TOTAL FUNDS|-|-|-|
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4. MOVEMENT IN FUNDS
Page 4
continued...
The Arcanum Foundation
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
5. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2024.
Page 5