REPORTS AND FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 31ST MARCH 2022
KNOW THYSELF CHARITABLE TRUST
CHARITY REGISTRATION No: 1192919
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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KNOW THYSELF CHARITABLE TRUST
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CONTENTS
Page 3 Legal and Administrative Information
Page 4 Independent Examiners Report to the Trustees
Page 5 to 6 Trustees' Report
Page 7 Statement of Financial Activities
Page 8 Balance Sheet
Pages 9 to 13 Notes to the Financial Statements
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KNOW THYSELF CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1192919 DATE OF REGISTRATION 23rd December 2020 START OF FINANCIAL PERIOD 23rd December 2020 END OF FINANCIAL PERIOD 31st March 2022 TRUSTEES AS AT 31ST MARCH 2022 Arthur Morgan Nicole Droulez Joseph Cross Daphne Vaughan Marina Hopkins Nicholas Morgan
The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.
LEGAL STATUS Unincorporated Charity GOVERNING INSTRUMENT Trust Deed Dated 21st December 2020
OBJECTS
To promote and protect the mental health of the public through the provision of: a ) Grants to organisations which are working to promote and protect mental health of workers experiencing, or at risk or poor mental health in the workplace. b ) Raising awareness of mental health concerns which arise in the workplace.
CORRESPONDENCE ADDRESS 22 Oakway London SW20 9JE PRIMARY BANKERS National Westminster Bank Plc Clapham Junction 66-68 St John's Road Clapham Junction London SW11 1PB INDEPENDENT EXAMINERS Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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KNOW THYSELF CHARITABLE TRUST
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of Know Thyself Charitable Trust on the accounts for the period ended 31st March 2022 set out on pages 7 to 13.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
Date: 21st December 2022
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KNOW THYSELF CHARITABLE TRUST
TRUSTEES' REPORT FOR THE PERIOD ENDED 31ST MARCH 2022
Objectives and Activities
To promote and protect the mental health of the public through the provision of:
1 . Grants to organisations which are working to promote and protect the mental health of workers experiencing, or at risk of poor mental health in the workplace; and
2 . Raising awareness of mental health concerns which arise in the workplace.
Summary of the Main Activities
To raise funds via fundraising activities including sporting, social and arts events, which will be granted to charitable organisations which align with the Objects and further the Charity’s causes surrounding Anxiety and Stress.
The Trustees have allocated funding to Charites that work within the public benefits defined by the Charity Commission, including working with schools and within the building profession to raise awareness around mental health.
Grants will only be allocated to a suitable charities with a majority vote of the Trustees. It has to be proven that the charity aligns with our Objects and utilises the funding correctly.
Achievements and Performance
To date, the charity has donated £2,000 to Mindapples, which was doubled as part of the Big Give. The charity also donated £3,000 to Solent Mind in support of their mental health in the construction industry initiative.
Financial Review
At the end of the financial year the charity held £21,484, which was all raised through fundraising, grants or gifts.
It is agreed between the Trustees that the charity should hold a minimum of £10,000 in reserve.
Principal source of funds is through fundraising and gifts from the public. The Charity also received allocation funds from community businesses.
Structure, Governance and Management
Appointment of Trustees by vote of the existing Trustees. Appointment to Chair, Treasurer or other named position by vote of the Trustees. Votes must be majority in favour.
At present, there are no policies for training. All trustees are provided guidance of the rules, regulations and risks associated with being a Trustee before they agree to join as Trustee.
Post Balance Sheet Event
The Charity holds $13,000 on behalf of its sister charity in the US, while they register and arrange a bank account.
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KNOW THYSELF CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31ST MARCH 2022
| Notes INCOME AND ENDOWMENTS FROM: Donations, Grants & Legacies 3a Activities for Generating Funds 3b Investment Income 3c TOTAL INCOME EXPENDITURE ON: Charitable Activities 4a Governance Costs 4b TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL Fund Fund 2021/22 £ £ £ 28,226 - 28,226 1,607 - 1,607 - - - 29,832 - 29,832 7,699 - 7,699 650 - 650 8,349 - 8,349 21,484 - 21,484 - - - 21,484 - 21,484 |
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Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 9 to 13 form part of these financial statements.
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KNOW THYSELF CHARITABLE TRUST BALANCE SHEET 8AT 31ST MARCH 2tr22 Fur¥J Furyj TaryJibk C8sh 8t Bank and In H 21194 22.134 T4134 24134 650 6YJ N(RRENT AS8Efw(UWLmESI 21884 21A84 21A84 21A84 Cr1d Long Tenn Lthlths 10 21A84 21.484 Generdl Fund5 Reslrfc4J Fur 21A84 21A84 TOW Fur 21,484 21A84 bYtheTrust8e8C.................. ................... .................................................................................... Sn8d 0ntt*1rbdrbyTDJBte.....
KNOW THYSELF CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
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KNOW THYSELF CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE PERIOD ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES (continued)
Incoming Resources
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Unrestricted Funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted Funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings.
Designated Funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows:
General Equipment 25% - Reducing Balance Basis
2. TANGIBLE FIXED ASSETS
The Charity held no fixed assets during this initial financial period
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2022 : None
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KNOW THYSELF CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE PERIOD ENDED 31ST MARCH 2022
3. INCOME AND ENDOWMENTS
| Notes a) Donations, Grants & Legacies Gifts & Donations b) Activities for Generating Funds Christmas Card Sales c) Investment Income Bank Interest 4. EXPENDITURE ON: a) Charitable Activities Grants & Donations Website Costs b) Governance Costs Independent Examiner's Fee 9 |
Unrestricted Restricted TOTAL Fund Fund 2021/22 £ £ £ 28,226 - 28,226 28,226 - 28,226 1,607 - 1,607 1,607 - 1,607 - - - - - - Unrestricted Restricted TOTAL Fund Fund 2021/22 £ £ £ 5,150 - 5,150 2,549 - 2,549 7,699 - 7,699 650 - 650 650 - 650 |
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KNOW THYSELF CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE PERIOD ENDED 31ST MARCH 2022
5. DESIGNATED FUNDS
The Charity held no designated funds during this initial financial period.
6. RESTRICTED FUNDS
The Charity held no restricted funds during this initial financial period.
7. CASH AT BANK AND IN HAND
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Fund | Fund | 31-Mar-22 | |
| £ | £ | £ | |
| Cash at Bank and in Hand | 22,134 | - 22,134 |
|
| 22,134 | - 22,134 |
||
| 8. DEBTORS AND PREPAYMENTS | |||
| Sundry Debtors | Unrestricted Fund £ - |
Restricted Fund £ |
Total 31-Mar-22 £ - - |
| - | - - |
||
| 9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Independent Examiner's Fee | Unrestricted Fund £ 650 |
Restricted Fund £ |
Total 31-Mar-22 £ - 650 |
| 650 | - 650 |
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this initial financial period.
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible Fixed Assets Net Current Assets Long Term Liabilities TOTAL FUNDS |
Unrestricted Restricted Total Fund Fund 31-Mar-22 £ £ £ - - - 21,484 - 21,484 - - - 21,484 - 21,484 |
|---|---|
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KNOW THYSELF CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE PERIOD ENDED 31ST MARCH 2022
12. STAFF COSTS AND NUMBERS
The Charity employed no members of staff during this initial financial period.
13. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the Charity's needs. This is based on the Charity's size and the level of financial commitments held. The Trustees aim to ensure the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the Charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the Charity should undertake
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