Registered Charity Number 1190524
## **FAMILY UNIT TRUST**
**TRUSTEES REPORT AND ACCOUNTS**
**FOR THE YEAR ENDED 30 JUNE 2024**
**FAMILY UNIT TRUST**
## **Financial statement Year ended 30 June 2024**
|**Contents**|**Page**|
|---|---|
|Charity information and professional advisers|3|
|Trustees’ report|4|
|Independent Examiner’s Report|5-6|
|Income statement|7|
|Statement of financial position|8-9|
|Notes to the financial statements|10-15|
2
## _**FAMILY UNIT TRUST**_
## **Charity Information Year ended 30 June 2024**
|Registered charity name|FAMILY UNIT TRUST|
|---|---|
|Charity number|1190524|
|Registered office|Unit 63|
||Cariocca Business Park|
||Sawley Road|
||Miles Platting|
||MANCHESTER|
||M40 8BB|
|Trustees|Adaobi Yvonne Omobogie_(Chair)_|
||Margaret Faith Edet|
||Muibat Oluwakemi Bababajide|
||Ayomide Success Oduola|
||Olufemi Olarenwaju Adeyeye|
|Accountants|Gramosol Limited|
||53 Horse Chestnut Drive|
||Manchester|
||M9 7FU|
|Bankers
|Unity Trust Bank plc|
3
## **FAMILY UNIT TRUST**
## **Trustees’ Report Year ended 30 June 2024**
## **About Us**
Family Unit Trust provides a range of cancer support services for members of the public, in particular but not exclusively amongst members of BAME communities.
## **Trustees**
The following person served as trustees during the period:
1. Adaobi Yvonne Omobogie (Chair)
2. Margaret Faith Edet
3. Muibat Oluwakemi Bababajide
4. Ayomide Success Oduola
## **Our Objects**
The objects of the CIO are;
The relief of sickness and the preservation and protection of good health for the public benefit, in particular but not exclusively amongst members of the BAME community, by:
- a) undertaking activities and events to provide information and raise awareness of the nature, causes, diagnosis, prevention and treatment of all forms of cancer with the aim of promoting early diagnosis and cure;
- b) providing practical assistance, support, services and items of equipment, both directly and through the provision of grants of financial assistance, to people affected by cancer;
- c) promoting research into all forms of cancer, the useful results of which will be published for the public benefit.
In planning and executing the activities during the year, the trustees ensured that the guidance on public benefit issued by the Charity Commission was taken into consideration.
Adaobi Yvonne Omobogie Chair
4
**Independent Examiner’s Report To the members of FAMILY UNIT TRUST**
I report on the accounts of Family Unit Trust, for the year ended 30 June 2024, which are set out on pages 7 to 13.
## **Respective responsibilities of trustees and examiner**
The trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Act and that an independent examination is needed.
It is my responsibility to:
- a) examine the accounts under section 145 of the Charities Act;
- b) to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Act; and
- c) to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
Our examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts and seeking such explanations from you as trustees concerning any matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to our attention which gives us reasonable cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records; or
- the accounts did 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.
5
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.
## **Adewale Solomon Odegbesan FCCA, MSc Salford, BSc**
GRAMOSOL LIMITED
53 Horse Chestnut Drive Manchester
M9 7FU
Date: 12 July 2024
6
## **FAMILY UNIT TRUST**
## **Income Statement For the period ended 30 June 2024**
|
**Income**:
Note
Income from charitable activities:
Operation of the charity
2
Income from other trading activities:
Other charity activities
3
Total income
**Expenditure**:
Administrative costs
Operation of the charity
4
Costs of generating funds
Other charitable activities
5
Governance costs
Other governance costs
6
Total expenditure
Net income/(expenditure) and net
movement in funds for the year
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
|
|2024
73,937
0
73,937
(63,748)
(6,180)
(617)
(70,545)
3,392
3,063
6,455||2023
78,859
4,000
82,659
(61,852)
(24,813)
(639)
(87,305)
(4,646)
7,709|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
|||||3,063|
7
_The notes on pages 9 to 13 form part of these financial statements_
## **FAMILY UNIT TRUST Statement of Financial Position As at 30 June 2024**
|Note
**Fixed assets**
Tangible assets
**Current assets**
Cash at bank and in hand
7
Debtors
Total current assets
Creditors:_amounts falling due_
_within one year_
8
Net current assets
Total assets less current liabilities
Creditors:_amounts falling due after one year_
Net assets
**Funds of the charity**
Restricted funds
9
Unrestricted funds
9
**Total Charity Funds**|£
1,300
5,655
6,955
(500)|
||2024
£
-
6,455
5,878
577
6,455
6,455|2023
£
£
-
2,682
730
3,413
(350)
3,063
-
2,486
577
3,063
3,063
3,063|2023
£
£
-
2,682
730
3,413
(350)
3,063
-
2,486
577
3,063
3,063
3,063|
|---|---|---|---|---|---|---|
|||
|||3,413
(350)||
||
||||
||
|||||||3,063|
|||||||3,063|
|||||||
2,486
577
3,063|
|||||6,455|||
|||||-||-|
8
## **FAMILY UNIT TRUST**
Adaobi Yvonne Omobogie Chair
Approved by the board on 12 July 2024
_The notes on pages 9 to 13 form part of these financial statements_
9
**FAMILY UNIT TRUST**
**Notes to the Financial Statements For the period ended 30 June 2024**
## 1. **Accounting Policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a. **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2022) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Family Unit Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## b. **Judgments and estimates**
The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
## c. **Going concern**
The trustees have reviewed the charity's forecasts and projections considering the current high inflation in the Country. The trustees are confident that the charity can fulfil its commitments to its beneficiaries for the period ending 30 June 2024.
## d. **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are grants and donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## e. **Income**
The Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
10
**FAMILY UNIT TRUST Notes to the Financial Statements For the period ended 30 June 2024**
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
## f. **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Expenditure on charitable activities includes all costs undertaken to further the purposes of the charity and their associated support costs.
- Finance costs include all interest and other costs the charity incurs in connection with the borrowing of funds.
## g. **Tangible fixed assets**
All expenditure of a capital nature on development work overseas is expensed as incurred, while tangible fixed assets in the UK costing more than £100 are capitalized and included at cost, including any incidental expenses of acquisition. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost by equal annual instalments over their expected useful economic lives as follows:
|Freehold land and buildings|Nil|
|---|---|
|Computer infrastructure|5 years|
|Computer equipment|4 years|
|Furniture, fixtures and equipment|4 years|
Impairment reviews are conducted when events and changes in circumstances indicate
that an impairment may have occurred. If any asset is found to have a carrying value
materially higher than its recoverable amount, it is written down accordingly.
## h. Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
- i. **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
11
## j. **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
|2.
**Income from operation of the charity**
Donations receivable
Grants receivable (2b)
2b.**Grants receivable**
Answer Cancer
The Neighbourly Foundation
National Voices
The Foyle Foundation
Screwfix foundation
Sport England
MCRactive
MCRactive
MCRactive
Manchester City Council
Manchester City Council
Manchester City Council
Manchester City Council
Auto Trader UK
Bauer Media's Cash for Kids
Salford Community
Postcode Neighbour
MCRactive
MCRactive|30 June 2024
£
-
73,937,
73,937
-
-
-
-
-
-
7,680
2,160
2,080
-
10,000
-
-
-
3,000
2,000
16,230
640
540|
30 June 2023
£
1,753
76,906|
|---|---|---|
|||78,659|
|||
5,000
5,000
1,000
5,000
5,000
8,600
19,450
2,160
4,502
1,000
10,170
1,524
5,000
1,000
2,500
-
-
-
-|
12
## **FAMILY UNIT TRUST**
## **Notes to the Financial Statements**
## **For the period ended 30 June 2024**
MCRactive 1,920 - MCRactive 480 - MCRactive 3,680 - MCRactive 920 - MCRactive 2,210 - MCRactive 2,210 - MRCactive 2,500 - MRCactive 2,500 - Nurturing Foundation 1,025 - Stiching Anton Jurgens Funds 5,662 - Salford Community 2,000 - Arnold Clark Automobile 4,500 -
**TOTAL 73,937 76906**
13
## **FAMILY UNIT TRUST Notes to the Financial Statements For the period ended 30 June 2024**
## 3. **Income from other charity activities**
|3.**Income from other charity activities**
Charity sales
Other income
4.**Administrative costs**
Project Training and development
Support costs
Printing and stationery
Telephone and broadband
Local travel
5.
**Costs of generating funds**
Advert and promotion
Other trading costs
Staff cost
Bank charges
6.
**Governance costs**
Professional fee
Accountancy fee
Insurance cost
|30 June 2024
£
-
-
30 June 2024
1,683
2,315
1,140
1,363
2,070
30 June 2024
£
560
-
5,504
116
30 June 2024
£
-
500
117
~~-~~
63,748
6,180
617|30 June 2023
£
4,000
-
30 June 2023
100
14,645
1,240
843
-
30 June 2023
£
965
-
23,776
72
30 June 2023
£
-
350
289
4,000
61,852
24,813
639|
|---|---|---|
14
## **FAMILY UNIT TRUST Notes to the Financial Statements For the period ended 30 June 2024**
7. **Cash at bank and in hand** 30 June 2024[30 June 2023 ] £ £ Bank 1,300 2,682 Cash - - 1,300 2682 8. **Creditors** – Amount falling due 30 June 2024 30 June 2023 within one year £ £ Trade creditors 500 350 Other creditors - - 350 500
## 9 **. Total funds carried forward**
|**Total charity funds**
Restricted funds
Unrestricted funds|01 July 2023
Incoming resources
Outgoing resources
30 June 2024
2,486
73,937
70,545
5,878
577
-
-
577
3,063
73,937
70,545
6,455|
|---|---|
15