
## **Trustees’ Annual Report for the period** 

**From  2[nd] September 2021   To 1[st] September 2022 Charity name: The Accessful Foundation Charity registration number: 1191925** 

## **Objectives and Activities** 


**----- Start of picture text -----**<br>
SORP reference<br>Summary of the  Para 1.17<br>purposes of the charity  ‘The prevention or relief of poverty or<br>as set out in its  financial hardship of disabled people<br>governing document living in the United Kingdom, in<br>particular but not exclusively by<br>providing grants, information and<br>advice to provide them with an<br>opportunity to build capacity by<br>establishing and growing a business,<br>becoming self-employed or improving<br>their professional opportunities to<br>relieve their needs and help them to<br>integrate into society.’<br>Summary of the main  Para 1.17 and<br>1.19<br>activities in relation to  The Accessful Foundation represents,<br>those purposes for the  or has the potential to represent, an<br>public benefit, in  extremely diverse group of people –<br>particular, the activities,  the largest minority group in the<br>projects or services  world.<br>identified in the<br>accounts. A few years into our existence, we<br>now see and understand the shared<br>routes into seeking support our<br>beneficiaries or potential beneficiaries<br>share (inaccessible employment,<br>change of professional or personal<br>circumstances, exiting education etc),<br>we are profoundly aware our charity,<br>and our activities, need to be<br>designed and carried out in a manner<br>that is appropriately considerate of<br>the levels of support required.<br>Beneficiaries may require support<br>from very light (e.g. webinar<br>attendance) to high (e.g. mentoring).<br>We are also acutely aware, this year<br>even more so than last, that we must<br>do this with high regard for our<br>current status as a growing micro<br>charity that works nationally, and our<br>**----- End of picture text -----**<br>




limited resources. Although our activities are dynamic and wide-ranging, they are considered with our purpose and public benefit in mind. The charity is designed to be and grow into a charity that offers the following three main activities: - Support and networking (providing signposting, general information/advice, including webinars) - A mentoring programme - A grant giving programme to support the realisation of projects or part projects as a means of supporting disabled entrepreneurs by providing funding for equipment, services, training or other to individual beneficiaries via an application process (to commence approx. 2023/2024) As with our foundation year, last year, we appreciate the importance of sustainable growth so even now and next year we believe we will be in a period of rolling out these programmes further and in more detail and developing them to be the most beneficial they can be. Grant-giving is the one that in particular requires the most financial health and over this report year we have not yet rolled out this programme. Alongside these main activities, we have our overarching aim of promoting disabled entrepreneurialism itself as a concept and route via education, the media, community relevant opportunities, industry promotion and other routes. 

This can and has included speaking on public panels, working with schools and colleges, public speaking at charity specific events, working with media and local and national authorities and generally advocating for disabled entrepreneurialism and disabled entrepreneurs. 



Statement confirming Para 1.18 whether the trustees The trustees of The Accessful have had regard to the Foundation have had regard to the guidance issued by the guidance issued by the Charity Charity Commission on Commission on public benefit. public benefit 

## **Achievements and Performance** 


**----- Start of picture text -----**<br>
SORP reference<br>This year is the first full year of<br>reporting for the charity (our previous<br>Summary of the main  report not yet encapsulating a full<br>Para 1.20<br>achievements of the  year), and the year after our launch as<br>charity, identifying the  a charity.<br>difference the charity’s<br>work has made to the  Our launch period was an exciting and<br>circumstances of its  fast moving time and led to many<br>beneficiaries and any  opportunities that led to charitable<br>wider benefits to society activities that we proudly shared in<br>as a whole. our reporting last year.<br>This reporting year has been a<br>different challenge, and although may<br>not enjoy the headlines of last year, it<br>will certainly help form the basis of<br>the work we do in the coming years as<br>we learned more about our place as a<br>charity, our potential impact and most<br>vitally – the things our beneficiaries<br>needed, and how we can best deliver<br>them.<br>As trustees we would like to draw<br>attention to some of these selected<br>achievements:<br>- Submitted and since been successful<br>with our first funding application<br>which is significant to us (five-figure)<br>and allows us to improve our website,<br>webinars, accessibility and our ability<br>to compensate contributors to our<br>website, resources and webinars. This<br>was a major goal for the year and one<br>we are delighted to have achieved.<br>Funding was received after this year’s<br>report and financial reporting so will<br>show on next year’s report but was<br>achieved over this reporting year. We<br>know that as a charity for disabled<br>people, accessibility is a non-<br>negotiable – so this is a significant win<br>and one that will make a huge<br>**----- End of picture text -----**<br>




difference to our beneficiaries and their engagement with the charity. - Improved our ability for signposting appropriate resources and developed our own, something that is a significant strategic goal and something we would like to use as a publishable resource bank on our new, accessible website. This is often our first introduction for beneficiaries and something we can do widely, even with limited resources. - Held and contributed to webinars, one of our key activities. - Disseminated information on selfemployment and disabled entrepreneurialism via our own social media channels, something we have since reduced due to a lack of volunteers in this regard, but something we are actively working to reinstate. - Continued to be signposted ourselves as an outlet for those seeking support for starting a business, including by large charities and organisations, as an example: https://www.scope.org.uk/advice-andsupport/start-up-a-business/ Often these will come after engaging with these organisations. - Developed our mentoring bank, including facilitating mentor/mentee remote meets and improving and extending the ways we recruit mentors. - As a charity working in England, Wales, Scotland and Northern Ireland but registered with the Charity Commission of England and Wales – we are keen to ensure Scotland and Northern Ireland are not ‘left behind’ in our work, so over 2022 our CEO consciously built relationships within both nations, including in-person visits, with the aim of improving the ways beneficiaries can find and engage with the charity when based in either. - Worked in educational establishments to talk with students about inclusive entrepreneurialism 



and our work as a charity, something we are turning into a more formal programme for 2023. 

We are proud that beneficiaries have told us and referenced us at events as being a positive first introduction to self-employment or entrepreneurialism and we know of those that have gone on to start businesses and develop pre-existing businesses after engaging with us. With our new website platform our aim is to be better at highlighting that impact and those stories. 

It is important to note however that this year, as last year and as part of being a new and growing charity in the current climate – our work has not been without significant obstacles, particularly a lack of sizeable income and a struggle to recruit enough volunteers to expand. 

That has meant that the charity has developed in a slower fashion than we would have hoped last year – this has been disappointing and has meant we haven’t (yet) been able to move to the next phase of our development. This does however show our ability to recognise our challenges and to not overly extend ourselves in a way that would be concerning for our safety as an organisation. This is also important to ensure we do not over extend to a point where we are not able to adequately support beneficiaries, something we are profoundly aware of. 

This reporting year has been one of slower maintenance, but has also involved diligent work on analysing and defining our strategic pillars and creating stronger frameworks for the coming two reporting years. 



## **Financial Review** 

Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially Para 1.24 in deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern 



## **Structure, Governance and Management** 


**----- Start of picture text -----**<br>
Description of charity’s<br>trusts:<br>Type of governing  Para 1.25 CIO governing document<br>document<br>(trust deed, royal<br>charter)<br>How is the charity  Para 1.25 CIO – Foundation<br>constituted?<br>(e.g unincorporated<br>association, CIO)<br>Trustee selection  Para 1.25<br>methods including  As our constitution states: ‘There<br>details of any  must be at least three charity<br>constitutional provisions  trustees. If the number falls below<br>e.g. election to post or  this minimum, the remaining trustee<br>name of any person or  or trustees may act only to call a<br>body entitled to appoint  meeting of the charity trustees, or<br>one or more trustees appoint a new charity trustee.’<br>Currently the charity operates with 6<br>trustees, having had one resignation<br>since our previous report.<br>We decided, upon formation, to<br>operate with the minimum number of<br>trustees (sourced pre-registration) to<br>allow us space to make external<br>appointments of persons unknown to<br>the current trustees, to promote<br>transparency, accountability and to<br>welcome key skills and experiences.<br>These trustees are now within place<br>and gaining experience individually<br>and as a group on how to best serve<br>the purpose of the charity and our<br>beneficiaries, with significant work on<br>strategy (short, medium and long<br>term) something achieved over the<br>year.<br>The maximum number of trustees is<br>12. Apart from the first charity<br>trustees, every trustee must be<br>appointed for a term of three years by<br>a resolution passed at a properly<br>convened meeting of the charity<br>trustees. This has been adhered to. In<br>selecting individuals for appointment<br>as charity trustees, the charity<br>trustees must have regard to the<br>skills, knowledge and experience<br>needed for the effective<br>administration of the CIO. This has<br>been adhered to.<br>**----- End of picture text -----**<br>




## **Reference and Administrative details** 


**----- Start of picture text -----**<br>
Charity name The Accessful Foundation<br>Other name the charity<br>uses<br>Registered charity  1191925<br>number<br>Charity’s principal  608 Green Lane<br>address Ilford<br>Essex<br>England<br>IG3 9SQ<br>**----- End of picture text -----**<br>




## **Names of the charity trustees who manage the charity** 


**----- Start of picture text -----**<br>
Name of person (or body)<br>Dates acted if not for<br>Trustee name Office (if any) entitled to appoint trustee<br>whole year<br>(if any)<br>Benjamin  Chair<br>1<br>Nicholson<br>2 Olivia Bamber<br>3 Daniel Bulmer<br>4 Chloe Plummer<br>5 Kati McDonald<br>6 David Victor<br>7<br>8<br>9<br>10<br>11<br>12<br>13<br>14<br>15<br>16<br>17<br>18<br>19<br>20<br>**----- End of picture text -----**<br>


Corporate trustees – names of the directors at the date the report was approved **Director name** 

Name of trustees holding title to property belonging to the charity 


**----- Start of picture text -----**<br>
Trustee name Dates acted if not for<br>whole year<br>**----- End of picture text -----**<br>




## **Funds held as custodian trustees on behalf of others** 

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets 

## **Name of chief executive or names of senior staff members (Optional information)** 

Jack Pridmore 

## **Exemptions from disclosure** 

Reason for non-disclosure of key personnel details 

## **Other optional information** 



## **Declarations** 

**The trustees declare that they have approved the trustees’ report above.** 

**Signed on behalf of the charity’s trustees** 

**Signature(s) Full name(s)** Benjamin Nicholson 

**Position (eg** Chair **Secretary, Chair, etc)** 

**Date** 30/06/23 



## Report of the Trustees and 

Unaudited Financial Statements for the Year Ended 1 September 2022 

## for 

The Accessful Foundation (CE023057) 

Charity No 1191925 



The Accessful Foundation (CE023057) 

Contents of the Financial Statements for the Year Ended 1 September 2022 

||Page|
|---|---|
|Company Information|1|
|Trustees’ Report|2|
|Statement of financial activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|8|





The Accessful Foundation (CE023057) 

## Company Information 

for the Year Ended 1 September 2022 

**TRUSTEES:** David John Victor Benjamin Nicholson (Chair) Olivia Bamber Kati McDonald Chloe Plummer Daniel Bulmer 

**PRINCIPAL ADDRESS:** 608 Green Lane Ilford Essex IG3 9SQ 

**COMPANY NUMBER:** CE023057 (England and Wales) 

**ACCOUNTANTS:** Londongate Accountancy Ltd 608 Green Lane Ilford Essex IG3 9SQ 

Page 1 



The Accessful Foundation (CE023057) 

## Trustees Report 

for the Year Ended 1 September 2022 

The trustees’ present their report with the financial statements of the charity for the Year Ended 1 September 2022. 

## **Trusts objectives** 

The principal objective and vision is the prevention or relief of poverty or financial hardship of disabled people living in the United Kingdom, in particular but not exclusively by providing grants, information and advice to provide them with an opportunity to build capacity by establishing and growing a business, becoming self-employed or improving their professional opportunities to relieve their needs and help them to integrate into society. 

## **Activities and public benefit** 

The Accessful Foundation represents, or has the potential to represent, an extremely diverse group of people – the largest minority group in the world. 

A few years into our existence, we now see and understand the shared routes into seeking support our beneficiaries or potential beneficiaries share (inaccessible employment, change of professional or personal circumstances, exiting education etc), we are profoundly aware our charity, and our activities, need to be designed and carried out in a manner that is appropriately considerate of the levels of support required. Beneficiaries may require support from very light (e.g. webinar attendance) to high (e.g. mentoring). We are also acutely aware, this year even more so than last, that we must do this with high regard for our current status as a growing micro charity that works nationally, and our limited resources. 

Although our activities are dynamic and wide-ranging, they are considered with our purpose and public benefit in mind. 

The charity is designed to be and grow into a charity that offers the following three main activities: 

- Support and networking (providing signposting, general information/advice, including webinars) 

- A mentoring programme 

- A grant giving programme to support the realisation of projects or part projects as a means of supporting disabled entrepreneurs by providing funding for equipment, services, training or other to individual beneficiaries via an application process (to commence approx. 2023/2024) 

As with our foundation year, last year, we appreciate the importance of sustainable growth so even now and next year we believe we will be in a period of rolling out these programmes further and in more detail and developing them to be the most beneficial they can be. 

Grant-giving is the one that in particular requires the most financial health and over this report year we have not yet rolled out this programme. 

Alongside these main activities, we have our overarching aim of promoting disabled entrepreneurialism itself as a concept and route via education, the media, community relevant opportunities, industry promotion and other routes. 

This can and has included speaking on public panels, working with schools and colleges, public speaking at charity specific events, working with media and local and national authorities and generally advocating for disabled entrepreneurialism and disabled entrepreneurs. 

Page 2 



The Accessful Foundation (CE023057) 

## Trustees Report 

for the Year Ended 1 September 2022 - Continued 

## **Review of main achievements in the period** 

This year is the first full year of reporting for the charity (our previous report not yet encapsulating a full year), and the year after our launch as a charity. 

Our launch period was an exciting and fast moving time and led to many opportunities that led to charitable activities that we proudly shared in our reporting last year. 

This reporting year has been a different challenge, and although may not enjoy the headlines of last year, it will certainly help form the basis of the work we do in the coming years as we learned more about our place as a charity, our potential impact and most vitally – the things our beneficiaries needed, and how we can best deliver them. 

As trustees we would like to draw attention to some of these selected achievements: 

- Submitted and since been successful with our first funding application which is significant to us (five-figure) and allows us to improve our website, webinars, accessibility and our ability to compensate contributors to our website, resources and webinars. This was a major goal for the year and one we are delighted to have achieved. Funding was received after this year’s report and financial reporting so will show on next year’s report but was achieved over this reporting year. We know that as a charity for disabled people, accessibility is a non-negotiable – so this is a significant win and one that will make a huge difference to our beneficiaries and their engagement with the charity. 

- Improved our ability for signposting appropriate resources and developed our own, something that is a significant strategic goal and something we would like to use as a publishable resource bank on our new, accessible website. This is often our first introduction for beneficiaries and something we can do widely, even with limited resources. 

- Held and contributed to webinars, one of our key activities. 

- Disseminated information on self-employment and disabled entrepreneurialism via our own social media channels, something we have since reduced due to a lack of volunteers in this regard, but something we are actively working to reinstate. 

- Continued to be signposted ourselves as an outlet for those seeking support for starting a business, including by large charities and organisations, as an example: https://www.scope.org.uk/advice-andsupport/start-up-a-business/ 

Often these will come after engaging with these organisations. 

- Developed our mentoring bank, including facilitating mentor/mentee remote meets and improving and extending the ways we recruit mentors. 

- As a charity working in England, Wales, Scotland and Northern Ireland but registered with the Charity Commission of England and Wales – we are keen to ensure Scotland and Northern Ireland are not ‘left behind’ in our work, so over 2022 our CEO consciously built relationships within both nations, including in-person visits, with the aim of improving the ways beneficiaries can find and engage with the charity when based in either. 

- Worked in educational establishments to talk with students about inclusive entrepreneurialism and our work as a charity, something we are turning into a more formal programme for 2023. 

We are proud that beneficiaries have told us and referenced us at events as being a positive first introduction to self-employment or entrepreneurialism and we know of those that have gone on to 

Page 3 



The Accessful Foundation (CE023057) 

## Trustees Report 

for the Year Ended 1 September 2022 - Continued 

start businesses and develop pre-existing businesses after engaging with us. With our new website platform our aim is to be better at highlighting that impact and those stories. 

It is important to note however that this year, as last year and as part of being a new and growing charity in the current climate – our work has not been without significant obstacles, particularly a lack of sizeable income and a struggle to recruit enough volunteers to expand. 

That has meant that the charity has developed in a slower fashion than we would have hoped last year – this has been disappointing and has meant we haven’t (yet) been able to move to the next phase of our development. This does however show our ability to recognise our challenges and to not overly extend ourselves in a way that would be concerning for our safety as an organisation. This is also important to ensure we do not over extend to a point where we are not able to adequately support beneficiaries, something we are profoundly aware of. 

This reporting year has been one of slower maintenance but has also involved diligent work on analysing and defining our strategic pillars and creating stronger frameworks for the coming two reporting years. 

Page 4 



## **Financial review** 

There were bank receipts totalling £55 which were from donations. This money was used to build cash reserves and to facilitate development of the charity’s website and training. 

## **Reserves** 

At the year end the charity held cash reserves of £958 which is considered sufficient for its current outgoings. However, we expect cash reserves will increase in line with projected increase in beneficiaries in the coming year. 

## **Assessments of risks** 

The Trustees have examined the major risks that the charity faces and confirm that systems have been established so that the necessary steps can be taken to lessen these risks. 

## **SIGNED ON BEHALF OF THE TRUSTEES:** 


Benjamin Nicholson Date: 30 June 2023 

Page 5 



The Accessful Foundation (CE023057) 

## Statement of Financial Activities 

## for the Year Ended 1 September 2022 

|**Note**<br>**Income and Endowments from:**<br>Donations and legacies<br>2<br>**Expenditure on:**<br>Charitable activities<br>3<br>Other<br>**Total expenditure**<br>Net (expenditure)/income<br>**Net movement in funds**<br>**Reconciliation of funds**<br>Total funds brought forward<br>**Total funds carried forward**|**Unrest**<br>**ricted**<br>**funds**<br>**£**<br>**Restric**<br>**ted**<br>**funds**<br>**£**<br>**Total**<br>**Funds**<br>**2022**<br>**£**<br>55<br>-<br>55<br>1,416<br>-<br>1,416<br>-<br>-<br>-<br>**1,416**<br>**-**<br>**1,416**<br>(1,361)<br>-<br>(1,361)<br>**(1,361)**<br>**-**<br>**(1,361)**<br>**2,319**<br>**-**<br>**2,319**<br>**958**<br>**-**<br>**958**|**Unrest**<br>**ricted**<br>**funds**<br>**£**<br>**Restric**<br>**ted**<br>**funds**<br>**£**<br>**Total**<br>**Funds**<br>**2021**<br>**£**<br>2,961<br>-<br>2,961<br>642<br>-<br>642<br>-<br>-<br>-<br>**642**<br>**-**<br>**642**|
|---|---|---|
|||2,319<br>-<br>2,319|
|||**2,319**<br>**-**<br>**2,319**|
|||-<br>-<br>-|
|||**2,319**<br>**-**<br>**2,319**|



The notes form part of these financial statements 

Page 6 



The Accessful Foundation (CE023057) 

## Balance Sheet 

## 1 September 2022 

|**Note**<br>**Current assets**<br>Cash at bank and in<br>hand<br>**Creditors: Amounts falling**<br>**due within one year**<br>5<br>**Net Assets**<br>**Funds of the charity:**<br>Restricted funds<br>Unrestricted funds<br>**Total funds**|**Unrest**<br>**ricted**<br>**funds**<br>**£**<br>**Restrict**<br>**ed**<br>**funds**<br>**£**<br>**Total**<br>**Funds**<br>**2022**<br>**£**<br>1,322<br>-<br>1,322<br>1,322<br>-<br>1,322<br>**364**<br>**-**<br>**364**<br>**958**<br>**-**<br>**958**<br>-<br>-<br>-<br>958<br>-<br>958<br>**958**<br>**-**<br>**958**|**Unrest**<br>**ricted**<br>**funds**<br>**£**<br>**Restrict**<br>**ed**<br>**funds**<br>**£**<br>**Total**<br>**Funds**<br>**2021**<br>**£**<br>2,669<br>-<br>2,669|
|---|---|---|
|||2,669<br>-<br>2,669<br>**350**<br>**-**<br>**350**|
|||**2,319**<br>**-**<br>**2,319**|
|||-<br>-<br>-<br>2,319<br>-<br>2,319|
|||**2,319**<br>**-**<br>**2,319**|



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the Year Ended 1 September 2022. 

The members have not required the company to obtain an audit of its financial statements for the Year Ended 1 September 2022 in accordance with Section 476 of the Companies Act 2006. 

The directors acknowledge their responsibilities for: 

- (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of the small companies’ regime and in accordance with FRS102 SORP. 

The notes form part of these financial statements 

Page 7 

continued... 



## The Accessful Foundation (CE023057) (Registered number: 11322801) 

## Balance Sheet - continued 

## 1 September 2022 

The financial statements were approved by the Board of Trustees and authorised for issue on 30th June 2023 and were signed by one or two trustees on behalf of all the trustees: 


Benjamin Nicholson - Trustee 

The notes form part of these financial statements 

Page 8 



The Accessful Foundation (CE023057) 

## Notes to the Financial Statements 

for the Year Ended 1 September 2022 

## 1. **ACCOUNTING POLICIES** 

## **Statement of compliance** 

The financial statements have been prepared 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

## **Basis of preparation** 

The Accessful Foundation 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 notes. 

## **Going concern** 

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 

## **Income and endowments** 

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured with sufficient reliability. 

## **Donations and legacies** 

Donations and legacies are recognised on a receivable basis when receipt is probable, and the amount can be reliably measured. 

## **Gifts in kind** 

Gifts in kind are recognised in different ways dependent on how they are used by the charity: 

(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised. 

(ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them. 

(iii) Those donated for use by the charity itself are included when receivable. They are valued at 

the amount the charity would have had to pay to acquire them. 

## **Gift aid** 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

## **Expenditure** 

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. 

## **Charitable activities** 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

Page 9 



The Accessful Foundation (CE023057) 

Notes to the Financial Statements - Continued for the Year Ended 1 September 2022 

## **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. 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. 

## **Liabilities** 

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 company 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. 

## **Fund structure** 

Unrestricted income funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity. 

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 

## **2. INCOME FROM DONATIONS AND LEGACIES** 

|**Donations and**<br>**legacies:**<br>Donations<br>Gifts in Kind|**Unrestri**<br>**cted**<br>**funds**<br>**£**<br>**Restricted**<br>**funds**<br>**£**<br>**Total**<br>**Funds**<br>**2022**<br>**£**<br>55<br>-<br>55<br>-<br>-<br>-<br>**55**<br>**-**<br>**55**|**Unrestrict**<br>**ed funds**<br>**£**<br>**Restricted**<br>**funds**<br>**£**<br>**Total**<br>**Funds**<br>**2021**<br>**£**<br>2,961<br>-<br>2,961<br>-<br>-<br>-|
|---|---|---|
|||**2,961**<br>**-**<br>**2,961**|



Page 10 



The Accessful Foundation (CE023057) 

Notes to the Financial Statements - Continued for the Year Ended 1 September 2022 

## **3. EXPENDITURE ON CHARITABLE ACTIVITIES** 

|**Expenditure:**<br>Professional fees<br>Bank Charges<br>Marketing<br>Insurance<br>Training|**Unrestri**<br>**cted**<br>**funds**<br>**£**<br>**Restricte**<br>**d funds**<br>**£**<br>**Total**<br>**Funds**<br>**2022**<br>**£**<br>566<br>-<br>566<br>93<br>-<br>93<br>317<br>-<br>317<br>440<br>440<br>-<br>-<br>-<br>**1,416**<br>**-**<br>**1,416**|**Unrestri**<br>**cted**<br>**funds**<br>**£**<br>**Restricte**<br>**d funds**<br>**£**<br>**Total**<br>**Funds**<br>**2021**<br>**£**<br>404<br>-<br>404<br>64<br>-<br>64<br>159<br>-<br>159<br>-<br>-<br>-<br>15<br>-<br>15|
|---|---|---|
|||**642**<br>**-**<br>**642**|



## **4. TRUSTEES REMUNERATION AND EXPENSES** 

No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year. 

No Trustees have received any reimbursed expenses or any other benefits from the charity during the year. 

## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|||**2022**||**2021**|
|---|---|---|---|---|
|||**£**||**£**|
|Accruals|404|364|-|350|



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