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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.