Charity Number: 1190823 Company Number: CE023553
DoIt4Loui
Annual Report and Financial Statements For the year ended 05 April 2024
DoIt4Loui
Company Information For the year ended 05 April 2024
Trustees:
Mr T Aspinall Mrs E Harvey Mr D Jones Mr M Wood
Registered office: 406 Atherton Road Hindley Green Wigan Lancs WN2 4QD Bankers: Lloyds Bank PO Box 1000 Andover BX1 1LT
DoIt4Loui Trustees & Directors Annual Report For the year ended 05 April 2024
Review of the year
We are a wholly voluntary charity with no paid workers at present and do not see this to change in the near future.
In November 2022 the pool owner decided to close the pool as the costs could not be covered.
To-date we are still searching for suitable pool provision with local council and private pool owners.
The charity incurs minimal ongoing expense as no one is employed and we have taken the decision until our situation changes to not fund raise as we feel it disingenuous and lacking in integrity if we were to do so given that we do not currently have an operational pool where we can allocate the money raised to our worthwhile cause.
Future objectives when we can restart lessons in addition to subsiding the cost of infant swim survival training for families who may be struggling financially include aiming for our own dedicated pool facility.
Management Policy
The Trustees recognise that continuity of leadership is vital with regular communication between Trustees, Committee, volunteer supporters and the public
Social Media management plays a key part in this and is addressed as a priority.
Policies are in place for the Charity management and all the Trustees are aware of their responsibility.
Directors’ responsibilities
The directors (who are also Trustees of DoIt4Loui) are responsible for preparing the Trustees report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare the financial statements for each financial year, which gives a true and fair view of the state of the company and of the surplus or deficit of the company for that period. In preparing those financial statements the Trustees have:
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selected suitable accounting policies and applied them consistently
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observed the methods and principles in the Charities SORP
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made judgements and estimates that are reasonable and prudent
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stated whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepared the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
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there is no relevant information of which the group’s accountant is not aware; and
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the Trustees have taken all steps they ought to have to make themselves aware of any relevant accounting information and to establish that the accountant is aware of that information.
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the CompaniesAct 2006. Approved by the Trustees on _23/10/24__
Date: _23/10/24_____ DoIt4Loui Statement of Financial Activity For the year ended 05 April 2024 Incoming resources Donations and merchandise sales £2,747
2024
£
Total incoming resources £2,747
Resources expended Expenses £47 Total resources expended £47 Net income resources Net income for the year - £2,700 Total funds as at 05 April 2024 £57,432
DoIt4Loui Balance Sheet For the year ended 05 April 2024
Notes 2024
Current Assets
Cash at bank and in hand 57,432
Current Liabilities 0 Net Current Assets 57,432
Net Assets 57,432
Funds
Retained earnings 57,432
Total Funds 57,432
These financial statements have been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.
Approved by the Trustees on _23/10/24___
Trustee – Timothy Aspinall
DoIt4Loui Notes to the Financial Statements For the year ended 05 April 2024
1 Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are set out below:
a) Basis of preparation
The financial statements have been prepared under the historical cost convention and comply with the Statement of Recommended Practice “Accounting and reporting by Charities” issued in March 2005 (SoRP 2005) and the Charities Act 2011.
b) Fund accounting
General funds are available at the discretion of the directors in furtherance of the general objectives of the Company. Restricted funds are funds subject to specific restrictive conditions imposed by funders or by the purpose of the grant.
c) Donations and grants
Income from donations and grants, including capital grants and donations, is included in incoming resources when these are receivable, except when they relate to future accounting periods or when the donors or grantors impose pre-conditions that have not been met. In these cases, the income is deferred until the future period and/or the conditions have been met.
Where conditions are imposed which restrict the use of the income to specific purpose then it is included in incoming resources under restricted funds when it is due.
Grants received in respect of capital expenditure, which may be repayable in certain circumstances, are treated as restricted funds and included in incoming resources in the year of receipt. They are released to unrestricted funds, in so far as any restrictions have been met, by means of a transfer each year to match the depreciation charged.
d) Fundraising income
Income from fundraising events is recognised in the period in which the event takes place. Income for specific purposes is included in restricted funds.
e) Expenditure
Expenditure is classified under the principal categories of charitable and other expenditure rather than the type of expense.
2 Current Liabilities
Other creditors 0
3 Corporation tax
The company is a registered charity and is entitled to claim annual exemption from UK corporation tax under s505 ICTA 1988.
4 Capital commitments
The company and group had no capital commitments at the year-end (2024 £NIL)
2024