Charity number: 1191016
HOLDING ON LETTING GO
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
HOLDING ON LETTING GO
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 21 |
HOLDING ON LETTING GO
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2021
| Trustees | M Gallagher, Chair (appointed 7 July 2020) |
|---|---|
| K Trevelyan (appointed 7 July 2020) | |
| A Turner (appointed 7 July 2020) | |
| J Morris (appointed 7 July 2020) | |
| V Savidge (appointed 7 July 2020) | |
| B Downton (appointed 13 October 2020) | |
| A Brookman (appointed 7 July 2020) | |
| Charity registered number 1191016 Principal office Wisdom Hospice High Bank Rochester Kent ME1 2NU Chief executive officer C Ford Accountants Magee Gammon Corporate Limited Chartered Accountants Henwood House Henwood Ashford Kent TN24 8DH |
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HOLDING ON LETTING GO
TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2021
The Trustees present their annual report together with the financial statements of the Charity for the period from 25 August 2020 to 31 March 2021.
Objectives and activities
a. Policies and objectives
To promote the relief in need and protect the health of bereaved children and young persons up to their 18th birthday in the Kent area by provision of support, including those affected by anticipatory grief.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities
One of the most significant changes for Holding On Letting Go was becoming a CIO. The CIO was created on 25 August 2020. Therefore this report is for a lesser period as dictated by The Charity Commission. The activities, assets and liabilities of the unincorporated charity (registration number 1103835) were transferred on 14 October 2020.
Holding On Letting Go benefits the public by providing bereavement support to children, young people and their families in Kent and the South East London Boroughs of Bromley, Bexley and parts of Greenwich.
For most of this reporting period we were affected by the Governments Covid Restrictions which prevented us from running our usual face to face bereavement support weekends. However, it was essential we still provided a service to bereaved families in Kent so moved this support online or via the telephone. Due to lockdown restrictions for most of the period under review we were unable to run our usual bereavement support weekends but adapted these to run a series of one day workshops alongside remote, online, and socially distanced face to face work. All the families referred to HOLG during this time received some form of support by telephone or from resource and art packs.
As soon as we were able, we resumed face to face bereavement support groups but ran these as one-day workshops rather than our usual two-day workshops as we were restricted with the number of children we could have at a time. This also helped us see more children and to reduce the time these children were waiting for face to face support.
During this time our referrals increased to more than double the number we would normally receive. Surprisingly few of these were directly due to deaths from Covid, but increasingly where there was a death from another cause and families had been unable to say goodbye to their loved one or to hold a meaningful funeral. Our volunteers adapted to this different way of working and many were trained to provide one to one support to children and young people online or on the telephone.
Some non-clinical staff remained furloughed or took advantage of the flexible furlough scheme that was introduced which helped us retain jobs and minimize the financial impact of the charity.
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HOLDING ON LETTING GO
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2021
Achievements and performance
a. Main achievements of the Charity
Needless to say, our fundraising activities were significantly curtailed as Covid restrictions prevented groups gathering for many fundraising events such as marathons etc, which we depend on were cancelled. However, our Fundraisers rose to the challenge and became as creative as possible and tried a number of alternative fundraising activities. These included running a photographic competition in lock down with the winning photos being made into a calendar, online wine tasting event, race nights and online quizzes (these became monthly fixtures during lockdown). Other events included launching our HOLG Draw which has proved popular. As our fundraising events income decreased we were able to increase our income with a number of grants which were made available during the pandemic.
We were approached by Demelza Hospice Care for Children to support them in providing their pre and post bereavement support to children and young people. A proposal was drawn up which was agreed at the end of this reporting period. We are very excited to be involved in this collaborative working.
We are grateful to so many who supported us during this period but particularly extend our thanks to Wards Estate Agents who doubled their grant to us. To Global Make Some Noise who increased their funding for a further 6 months. To Kent and Medway CCG for their grant of £10,000, to Kent Community Foundation for a Covid resilience grant to support our programme assistants role, and the National Lottery Community Fund for a grant to support the Children and Families’ Support Worker’s role.
We launched a client database. This database has proved to significantly reduce admin time on processing referrals and adding clinical data and has improved communication amongst the clinical, admin team and referring agencies; altogether making things much more streamlined and efficient.
One final achievement is that we applied for apprenticeship funding during this reporting period and went to advert to employee a finance assistance apprentice.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
Our reserves policy is that we maintain a minimum of 6 months running costs which we have maintained during this period. We have also continued to receive a grant from Children in Need which covered our Programme Manager’s salary. Our main costs are for staff salaries who work with the children. Administration costs are kept to a minimum so we are able to direct most of the available funds for work with the children and families.
Finally I would like to thank a number of people and organisations who have been particularly supportive to us during this period; Medway Community Health Care Trust, The Friends of Wisdom Hospice, Demelza Hospice for Children, The Mayor of Medway, Cllr Habib Tejan, Magee Gammon Accountants, our fantastic staff and volunteers, my fellow Trustees and to all our families who have adapted with us as we have adapted to the changes imposed on all of us. Thank you all.
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HOLDING ON LETTING GO
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2021
Structure, governance and management
a. Constitution
Holding On Letting Go is a registered charity, number 1191016, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
Trustees are recruited via adverts and word of mouth. Potential trustees are subject to an interview, references and DBS checks.
c. Structure, governance and management
Holding On Letting Go became a CIO in August 2020 and therefore the accounting and reporting period is shortened and runs from 25 August 2020 to 31 March 2021 only.
Holding On Letting Go is run by a small but highly skilled and dedicated team, led by our CEO Caroline Ford. Our team consists of our part time CEO, full time Programme Manager, part time Children’s and Families support worker, part time Parent Carer group facilitator, part time Programme Assistant and two part time Fundraisers.
The team is supported by a fantastic team of 103 volunteers, mainly working on bereavement support weekends, although some provide one to one or family support to children and their families. We have one admin volunteer who works in the main office. During the period under review volunteers gave 1,084 hours of time to the charity which is equivalent to £9,452.48 at National Living Wage.
The Charity is governed by a Trustee Board: Margaret Gallagher - Chair Vanessa Savidge - Vice Chair Joan Morris - Treasurer Alison Brookman Anita Turner Kate Trevelyan Brian Downton
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HOLDING ON LETTING GO
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2021
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 26 January 2022 and signed on their behalf by:
J Morris (Trustee)
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INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 MARCH 2021
Independent examiner's report to the Trustees of Holding On Letting Go ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 31 March 2021.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Roland Parry FCA
Dated: 26 January 2022
Magee Gammon Corporate Limited Chartered Accountants Henwood House Henwood Ashford Kent TN24 8DH
Page 6
HOLDING ON LETTING GO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2021
| Note Income from: Donations and legacies 3 Other trading activities 4 Investments 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Net movement in funds Total funds carried forward |
Unrestricted funds Period Ended 31 March 2021 £ 142,101 37,066 5 179,172 2,041 33,828 35,869 143,303 143,303 143,303 |
Restricted funds Period Ended 31 March 2021 £ 89,149 - - 89,149 - 54,106 54,106 35,043 35,043 35,043 |
Total funds Period Ended 31 March 2021 £ 231,250 37,066 5 |
|---|---|---|---|
| 268,321 | |||
| 2,041 87,934 |
|||
| 89,975 | |||
| 178,346 | |||
| 178,346 | |||
| 178,346 |
The Statement of financial activities includes all gains and losses recognised in the period.
The notes on pages 9 to 21 form part of these financial statements.
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BALANCE SHEET AS AT 31 MARCH 2021
| Note Fixed assets Intangible assets 12 Tangible assets 13 Current assets Stocks 14 Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total net assets Charity funds Restricted funds 18 Unrestricted funds 18 Total funds |
1,500 2,252 173,496 177,248 (7,172) |
2021 £ 5,010 3,260 |
|---|---|---|
| 8,270 170,076 |
||
| 178,346 | ||
| 35,043 143,303 |
||
| 178,346 |
The financial statements were approved and authorised for issue by the Trustees on 26 January 2022 and signed on their behalf by:
_________
J Morris
(Trustee)
The notes on pages 9 to 21 form part of these financial statements.
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HOLDING ON LETTING GO
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
1. General information
Holding On Letting Go is a registered charity (company number CE023706), (charity number 1191016) in England and Wales and is incorporated under the Charities Act as a Charitable Incorporated Organisation (CIO). The registered office is High Bank, Rochester, Kent, ME1 2NU.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Holding On Letting Go meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a 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 reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Intangible assets and amortisation
Intangible assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
The estimated useful lives are as follows:
Amortisation is provided on the following basis:
Website - 20 % Straight line basis
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.7 Tangible fixed assets and depreciation
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Office equipment - 20%
2.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and 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.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.12 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.13 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the period.
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Donations Donation on transfer from unincorporated charity Other donations Total donations Grants Government grants Total grants |
Unrestricted funds Period Ended 31 March 2021 £ 122,946 16,609 139,555 100 2,446 2,546 142,101 |
Restricted funds Period Ended 31 March 2021 £ 39,853 - 39,853 49,296 - 49,296 89,149 |
Total funds Period Ended 31 March 2021 £ 162,799 16,609 |
|---|---|---|---|
| 179,408 | |||
| 49,396 2,446 |
|||
| 51,842 | |||
| 231,250 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
4. Income from other trading activities
Income from fundraising events
| Fundraising HOLG Draw |
Unrestricted funds Period Ended 31 March 2021 £ 35,874 1,192 37,066 |
Total funds Period Ended 31 March 2021 £ 35,874 1,192 |
|---|---|---|
| 37,066 |
5. Investment income
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| Period | Period | |
| Ended | Ended | |
| 31 March | 31 March | |
| 2021 | 2021 | |
| £ | £ | |
| Bank interest | 5 | 5 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
6. Expenditure on raising funds
Costs of raising voluntary income
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| Period | Period | |
| Ended | Ended | |
| 31 March | 31 March | |
| 2021 | 2021 | |
| £ | £ | |
| Fundraising costs | 2,041 | 2,041 |
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| Period | Period | Period | |
| Ended | Ended | Ended | |
| 31 March | 31 March | 31 March | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Direct costs | 33,828 | 54,106 | 87,934 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
8. Analysis of expenditure by activities
| Direct costs Analysis of direct costs Staff costs Depreciation Travel, meetings and hire Postage Rent Telephone Office supplies Storage Supervision and training Website and IT Weekend expenses Equipment and materials Professional fees Bank charges Sundries Governance costs |
Activities undertaken directly Period Ended 31 March 2021 £ 87,934 |
Total funds Period Ended 31 March 2021 £ 87,934 |
|---|---|---|
| Total funds Period Ended 31 March 2021 £ 66,722 596 3,951 379 1,557 1,035 782 2,055 1,439 3,081 765 3,484 130 115 823 1,020 |
||
| 87,934 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
9. Independent examiner's remuneration
| Period | |
|---|---|
| Ended | |
| 31 March | |
| 2021 | |
| £ | |
| Fees payable to the Charity's independent examiner for the independent examination of | |
| the Charity's annual accounts | 480 |
| Fees payable to the Charity's independent examiner in respect of: | |
| All other services not included above | 540 |
10. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes The average number of persons employed by the Charity during the period was as follows: Staff No employee received remuneration amounting to more than £60,000 in either year. 11. Trustees' remuneration and expenses During the period, no Trustees received any remuneration or other benefits. |
Period Ended 31 March 2021 £ 60,912 4,671 1,139 |
|---|---|
| 66,722 | |
| Period Ended 31 March 2021 No. 7 |
|
During the period ended 31 March 2021, no Trustee expenses have been incurred.
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| NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 12. Intangible assets Cost Additions At 31 March 2021 Amortisation Charge for the year At 31 March 2021 Net book value At 31 March 2021 13. Tangible fixed assets Cost or valuation Additions At 31 March 2021 Depreciation Charge for the period At 31 March 2021 Net book value At 31 March 2021 14. Stocks Consumables |
Website £ 5,400 5,400 390 390 5,010 Office equipment £ 3,466 3,466 206 206 3,260 2021 £ 1,500 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
15. Debtors
| Due within one year Trade debtors Other debtors Prepayments and accrued income |
2021 £ 227 966 1,059 |
|---|---|
| 2,252 |
16. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2021 £ 889 2,374 459 3,450 |
|---|---|
| 7,172 |
17. Financial instruments
| 2021 | |
|---|---|
| £ | |
| Financial assets | |
| Financial assets measured at fair value through income and expenditure | 173,496 |
Financial assets measured at fair value through income and expenditure comprise cash in hand and at bank.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
| 18. Statement of funds Statement of funds - current period Unrestricted funds Designated funds HOLG Draw General funds General Funds Total Unrestricted funds Restricted funds Children in Need Suicide Weekend Transport for Children Openwork - Online Support Children Facing Terminal Illness Kent Community Foundation National Lottery Demelza Tesco Groundworks Total of funds |
Income £ 1,192 177,980 179,172 20,086 635 1,158 4,111 21,462 8,751 9,222 20,000 3,724 89,149 268,321 |
Expenditure £ (26) (35,843) (35,869) (17,655) - (76) (3,986) (14,640) (8,002) (5,167) (856) (3,724) (54,106) (89,975) |
Balance at 31 March 2021 £ 1,166 |
|---|---|---|---|
| 142,137 | |||
| 143,303 | |||
| 2,431 635 1,082 125 6,822 749 4,055 19,144 - |
|||
| 35,043 | |||
| 178,346 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
19. Funds
Restricted Funds
Children in Need – This represents a grant from BBC Children in Need towards the salary costs of the Clinical Lead
Suicide Weekend – This represents a donation from Aviva to support specialist bereavement support weekends for children bereaved through suicide
Transport for Children - This represents a legacy an individual specifically requesting that it is used to provide transport children who would otherwise be unable to attend events
Openwork Foundation – This represents a grant to fund remote work with children, young people and their families during the Covid pandemic
Global’s Make Some Noise – This represents a grant to provide pre-bereavement support to children, young people and their families through individual, family and group work
Kent Community Foundation – This represents a grant from the emergency Covid fund towards the salary costs of the Programme Assistant
National Lottery Community Fund – This represents a grant from the Covid emergency fund towards the salary costs of the Children & Families’ Clinical Specialist
Demelza Hospice Care for Children – This represents a grant from Demelza Hospice Care for Children for a joint working project between Demelza House and Holding On Letting Go.
Tesco Groundworks – This represents a Tesco Centenary grant to provide bereavement support to children young people and their families through non-residential bereavement support weekends
Designated Funds
HOLG Draw - The charity operates a prize draw to raise additional funds. Funds are set aside to settle cash prizes and surpluses will be returned to general funds on an annual basis.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
20. Summary of funds
Summary of funds - current period
| Designated funds General funds Restricted funds |
Income £ 1,192 177,980 89,149 268,321 |
Expenditure £ (26) (35,843) (54,106) (89,975) |
Balance at 31 March 2021 £ 1,166 142,137 35,043 |
|---|---|---|---|
| 178,346 |
21. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2021 £ Tangible fixed assets 3,260 Intangible fixed assets 5,010 Current assets 142,205 Creditors due within one year (7,172) Total 143,303 |
Restricted funds 2021 £ - - 35,043 - 35,043 |
Total funds 2021 £ 3,260 5,010 177,248 (7,172) 178,346 |
|---|---|---|
22. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £1,139. At the balance sheet date £459 was payable to the fund and is included in creditors.
23. Related party transactions
There were no related party transactions during the period.
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