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Charity Registration No. 1190948 THE HELVELLYN FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022
THE HELVELLYN FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees W S Holmes L R Holtnes R L Holmes Charoty number 1190948 Principal address Radius Campus Emperor Way CW1 6BD Aeeountants Shepherd Prwate Clients Limrted Suite 101 Highffield House Cheadle Royal Business Park Cheadle SK8 3GY Independent examlner PM+M Solutions for Business LLP New Century House Greenbank Technol¢)gy Park Challenge Blackbum BB1 5QB
THE HELVELLYN FOUNDATION CONTENTS Page Trustee report Independent examinerfs report Statement of finanual activrties Balance sheet Notes to Ihe finanri81 statements
THE HELVELLYN FOUNDATION TRUSTEE REPORT FOR THE YEAR ENDED 5 APRIL 2022 The Trustees present their annual report and finanrial staterrents for the year ended S April 2022. The financial statements have been prepared in accordance vrith the accounting policies set out in note 1 to the financial statements and compty with the Foundab"on's goveming document, the Charities Act 2011 and "Accounting and Reporting by Charibes.. Statement of Recornmended Practice applicable to charrties preparing their account5 in accordance wth the Financial Reporting Standard appli(xble in the UK and Republic of Iieland IFRS 1021 leffective 1 January 20191". Objectives and activities The objects of the Foundation are to advan such charitable purposes laco)rding to the law of England and W8lesl as the trustees see fit from time to time. in parbcular. but not limited to.. the prevention or relief ol poverty in the United Kingdom foi the public benefft by assists.ng in such way as the charty trustees see fit other organisations whose aims indude.. a. providing grants. items and serve$ to individuals in need andlor charities. or other organisations working to prevent 01 relieve povety b. undertaking and supporting research into factors that contribute to poverty and the most appropriate ways to mrtigate these the advancement in life and help for young people in the Unrted Kingdom for the public benefit ty 8SSiSting in suth way as the charty 1rustees see fft other oiganisations whose aims include providing support and activib.es which develop their skills, capautses and capabilities to enable them to parts"cipate in souety as Matu and responsible individuals". 11. the advancement of animal welfare worlthide for the public benefit by as51Sting in such way as the charity ttustees see fft such organisations whose airns include prornoting hurnane behavioui towards animals by providing appropriate Ixre, piotection, treatment and security lor animals which are in need of care and attention by reason of SK*ness. mattreatment. poor circumstances or ill usage and to educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering arnong animals- 111. the advancement of enwronmentsl piotection or improvent worfdwide for the public benefit by assisting in such way as Ihe charty trustees see fft such organisations whose aims indude the education of the public in the conserv8bon. protection and improvement of the physical and natural environment linduding but not lirnited to piomoting biologi(xl dNersityl". and Iv. the relief of finanual need and sutteting atTK)ng victims of natural or other kinds of disaster worfdwide for the public benefrt by assisting in such way as the charity trustees see organisations whose aims indude providing support in the fomi of money (or other means deemed suitable) for pet50n5. bodie5. organisations andlor countries affected. Achlevements and perforniance Financial review There is no minimurn level of reserves which the Trustees seek lo maintain. This poli is reviewed by the Trustees from time to time. The Trustees ha¥e assessed the major risks to vthich Ihe Foundation is exposed to, and are satisfied that systems are in place to mitigate exposure lo the major risks.
THE HELVELLYN FOUNDATION TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Structure. governan¢e and management The Trustees who served during the year and up to the date of signature of the finanual statements were." W S Holmes L R Holmes R L Holmes None of the Trustees have any beneffioal inlerest in the Foundation. The Trustee report wa5 approved by the Boaid of Tnjstees. W S Holmes Trustee Dated. 0110212023
THE HELVELLYN FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HELVELLYN FOUNDATION report to the trustees on my examinalion of the financial Ststennts of The Hefveltyn Foundation (the Foundation) for the year ended 5April 2022. Responslbllltles and basls of report As the trustees of the Foundation you are responsible for the preparation of the finaniial statements in accordance with the requirements of the Charities Act 2011 Ithe 2011 Acti. I report in iespect of rny examination of the Foundations's financial statements Gqrried out under section 145 of the 2011 Act. In carrying out my examinab.on I have folowed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs Ststernent Since the Foundation's gross income exceeded £250.(M)O your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualffied to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. Your attention is drawn to the facl that the Foundation has prepared finanaal statery*nts in accordance with Accounting and Reporting by Charities preparing their accounts in accordance wrth the Financial Reporting standaid applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities". Statement of Recommended Prath"ce issued on 1 April 2005 which is referred to in the extant regulations but has now been wthdrawn. l understand that this has been done in ordet foi finan(ial statements to prtivide a true and fair view in accordance wth Generalty Accepted Accounting Prncbce effeCte for porting periods beginning on or after 1 January 2015. I have cornpleted rny examination. I confitrn that no matters have come to rny attention in connectK)n wth the examination giving me cause to believe that in any material iespeci". 8ccounting record5 were not kept in iespect of the Foundation as required by secbon 130 of th8 2011 Act,. or the financial ststements do not acwrd vnth Ihose records.. or the financial statements do not compty wrth the applicable quirementS conceming the form and content of accounts set out in the Charibes (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts gNe 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 olher matters in connection wth the examination to which attention should be diawn in this report in order to enable a piopei understanding of the financial statement5 to be reached. Signed.. 1 February 2023 PM+M Solutions for Business LLP New Century House Greenbank Technology Pa Challenge Vwdy Blackburn B815QB
THE HELVELLYN FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022 Unrestrlcted Unrestricied funds funds 2022 2021 Notes Income Irom= Donations and legacies 437,51)0 187,500 enditure on.. Charitable activities 358.028 141,991 N•t ineomè forthé nts 79.472 45.509 Fund balances at 6 April 2021 4S,509 Fund balances at S April 2022 124.981 45,509 The statement of financial aththes includes all gains and losses recognised in the yeai. All income and expendrture derive from continuing activities.
THE HELVELLYN FOUNDATION BALANCE SHEET AS AT 5 APRIL 2022 2022 2021 Current assets Debtors Cash at bank and in hand 37,500 9,809 128.581 128,581 47,309 Crediiots.. amounts falllng due wothon one year {3,600} 11,8001 Net current a$5ets 124,981 45.509 Income funds Unrestricted funds 124.981 45,509 124.981 45,509 The financial statements were approved by the trustees on O!A)212023 W S Holmes Trustee
THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accounting policies Charity information The Heeltyn Foundation is a thatitable incorporated otgani581ion registered at the Ch8rity Commission for England and Wales. 1.1 Accounting convention The financial statements have been ppared in accordance with the Foundation's goveming document, the Charities Act 2011 and 'Accounting and Reporting by Charitses.. Statement of Recommended Practice applicable to charities preparing their accounts in acwrdance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 Januaty 20191.. The Foundats"on is Public Benefit Entty as defined by FRS 102. The Foundation has taken advantage of Ihe provisions in the SORP for thatibes apptying FRS 102 Update Bulletin 1 not to prepare a Statet of Cash Fkjws. The financial statements are pPared in slerling. which is the fund¥)nal currency of the charity. Monetary amounts in these finanual staterrtnts are rounded to the nearest £. The financial statements have been prep8ied under the hIStlc81 cost convenb"on.The prinupal accounting poliaes adopte¢J are set out below. 1.2 Going concern At the time of approving the financial statements. the Trustees have a reasonable expectation that the Foundation has adequate resources to nty'ne in operational existen for the foreseeabse future. Thus the Trustees continue to adopt the going concern b8sis of 8ccounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in ftjrtherance of their charrtable objectives. 1.4 Income Income is recognised when the Foundation is legalty entrued to after any perf0mnCe conditions have been met. the amounts can be nEasured reli8bty. and it 15 probable that in¢x)me will be reCeed. Cash donations are recognised on receipt_ Other donation5 are renised once the Foundation has been nottfied of the donation, unles5 performance condibons require defetral of the amount. IncorTTre tax recoverable in latiOn to donab.ons 1Ved under Grft Aid or deeds of covenant is recognised at the time of the donation. 1.5 Expendlture Expenditure 15 recognised once there is a legal or constructive obligation to transfer economic benerrt to third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expendrture is dassified by activty. Govemance costs aTe those incutred in connection vrith adrninistration of the company and c0tnpllan wth constitutional and statutory requirements. 1.6 Cash and $h equivalents Cash and rash equivalents indude cash in hand. deposits held at rall wrth banks. other short-term liquid investments wth original maturitses of three months 01 less, and bank oveidrafts. Bank overdrafts are shtswn within borrowngs in current liabilities.
THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Accounting policies (Continued) 1.7 Financial instruments The Foundation has elected lo appty the provisions of sect)n 11 'Basic Finanaal Instruments, and Section 12 'Other Finanaal Instruments Issues. of FRS 102 lo all of its finanaal instruments. Financial Instruments are recognised in the F(MJndatK)n's balance sheet when the Foundation becomes party to the contractual provisions of the instrument. Financial assets and liabilities ale offset. with the net amounts piesented in the financial statements, when there is a legally enftsiceable right to set off the recognised amtsunts and there is an intention to settle on a net basis or to realise the asset and setde the liabilty simultaneousty. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initialty measured at transaction price including transaction costs and ale subsequentty carried at amottised cost using the effective interest method unless the artangement constitutes a finanung transaction, Whe the transaction is measured at the present value of the future receipts discounted at a market rate ol interest. Finanaal assets classified as receivable within one year are not amorbsed. Basie financial liabilitiès Basic finaneial liabilrties. including credrtors and bank loans are inrtialty recgniSed at transaction price unle$5 the atrangement constitutes a ffinanun9 transaction, where the debt instrurnent is measured at the piesent value ol the future payments discounted at a market rate of inte$t. Finanaal liabilth.es dassified as payable within one year are not amortised. Debt instruments are subsequenty G4rried at arTK)ttised cost. Usin9 the effecbve interest rate rnethod. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations frorn suppliers. Amounts payable are da5Stfied as curTent liabilities if payment is due wthin one year or less. If not, they are presented a5 non-CUtTent liabilitie5. Trade cieditors are cognISed inrtialty at transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial Iiabilrties are derecognised when the Foundation's contractual obligations expire or are discharged or cancelled. Crltlcal accounting estlmates and judgements In the applubon of the charitys a(untIng policies. the Trustees a required lo make judgements, estimates and assurnptions about the carrying arnount of assets and liabilities that are not readity apparent from other sources. The estimates and assouated assumptions a based on historical experience and other factors that are considereil to be levaTrl. Actual $utt$ may differ from Ihese estimates. The eslitnate5 8nd underlw'ng assumptions are rewiewed on 8n ongoing basis. Revisions to acwunting estimates are recognised in the period in which the Èstimate is rewsed where the revision affects tsnty that period, or in the period ol the revision and futu periods Whe the revision affects both current and future periods.
THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Donations and legacie Unrèstriet•d Unrestricted fund¥ funds 2022 2021 Donations and gits Other 350,000 87.500 150,000 37,500 437,SOO 187,SOO Charitable activities Charitable Charitabl• ExpendItU Expenditure 2022 2021 Donations Bank charge5 355,800 428 140,000 191 356,228 140,191 Share of governance rA)sts (see note 51 1.800 1,800 358,028 141,991 Support costs Support Gov•mane• costs 2022Support costs Governance costs 2021 Independent examination fees 1,800 1,800 1.800 1,800 Analysed betsveen Chantable activth.es 1.800 1,800 Trustees None of the Trustees lor any persons o)nnected wih them) received any remuneration or benefrts from the Foundation during the yeai.
THE HELVELLYN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Employee3 There were nts employees during the year. Debtors 2022 2021 Amounts falling duè within onè year. Other debtors 37,500 Creditors.. amourts falling due V•ithin one year 2022 2021 Trade creditors Accruals and deferred income 1,800 1.800 1,800 3,600 1,800 10 Analysi¥ of net assets between fun(ts Unrestrlcted Unrestricted funds funds 2022 2021 Fund balance5 at 5 April 2022 are represenled by.. Current assetsllliabilitiesl 124,981 4S,509 124.981 45.509 11 Related party transactions There were no disd05able related party ban5actions during Ihe year.