Peter Whittingham Foundation
REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2022
CONTENTS
PAGE
| Legal and Administrative Information | 1 |
|---|---|
| Report of the Trustees | 2 |
| Statement of Financial Activities | 3 - 4 |
| Notes to the Financial Statements | 5 - 7 |
| Balance Sheet | 8 |
LEGAL AND ADMINISTRATIVE INFORMATION
Constitution
Peter Whittingham Foundation is a Registered Charity – Number 1193833
Trustees
The Trustees who served during or part of the period, were as follows:
James Whittingham Rachel Whittingham Sally Whittingham Amanda Whittingham
Contact Address
20 Park Avenue South Harpenden AL5 2EA
Website
www.pw7foundation.co.uk
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Peter Whittingham Foundation
REPORT OF THE TRUSTEES – Period 16 March 2021 to 31 March 2022
The Trustees are pleased to present their Report together with the Financial Statements of the Charity for the period.
Legal and Administrative information on page 1 is also included as part of the Report. The Financial Statements comply with current statutory requirements and the Statement of Recommended Practice – Accounting and Reporting by Charities.
Objects
The objects of the charities are to:
- Further such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine, in particular through the making of grants and donations to registered charities.
Organisation and Management
- The Trustees held Board meetings during the year. The Trustees also maintain regular contact with each other by email and telephone.
Appointment and Removal of Trustees
- The Trustees are appointed by the Board of Trustees.
Reserves Policy
- It remains the policy of the Charity to maintain unrestricted funds which are the free reserves of the Charity at a level to cover two months operational costs.
Risk Management
- The Trustees have assessed the major risks to which the Charity is exposed, in particular, those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate their exposure to the major risks.
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Trustees’ responsibilities in relation to the Financial Statements
Law applicable to Charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of the financial position at the end of the year. In preparing those Financial Statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgement and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed subject to any 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 accounting records which 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. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by James Whittingham, Chairman of the Board.
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PETER WHITTINGHAM FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDING 31 MARCH 2022
| Unrestricted Restricted Funds Funds 2022 2022 £ £ Note Income Donations & legacies 2 11,000 - Deposit Interest - - Other activities 2 - - Total Income 11,000 - Resources Expended Direct Charitable Expenditure 3 - - Other Expenditure Expenditure on Raising Funds 3 - - Expenditure on Charitable activities - - Total expenditure - - Net income / (expenditure) for the year - - Transfer between Funds 4 - - Funds Balance brought forward - - Funds Balance carried forward 4 11,000 - |
Total Funds 2022 £ 11,000 - - 11,000 - - - - - - - 11,000 |
|---|---|
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PETER WHITTINGHAM FOUNDATION
NOTES FOR THE FINANCIAL STATEMENTS – 1
FOR THE YEAR ENDED 31 March 2022
- Accounting Policies
a) Basis of Preparation
The Financial Statements have been prepared under the historical cost convention and on a receipts and payments basis.
b) Fund Accounting
Restricted Funds are applied by the Trustees only on activities that fall within the restriction. Unrestricted Funds are available for the 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.
c) Income
All income is included in the Statement of Financial Activities when the Charity is legally entitled.
d) Expenditure
Charitable expenditure comprises amounts contributed to its Charitable Activities. Expenditure on raising funds are costs associated with attracting income. Expenditure on Charitable activities are incurred on administration and statutory requirements.
e) Taxation
The Charity is exempt from taxation on its charitable activities.
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PETER WHITTINGHAM FOUNDATION
NOTES FOR THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDING 31 MARCH 2021
2. Donations & legacies
| Unrestricted Restricted Funds Funds 2022 2022 £ £ Individuals & firms 11,000 - 11,000 - |
Total Funds 2021 £ 11,000 11,000 |
|---|---|
3. Direct Charitable Expenditure
| Charitable Activities Expenditure on Raising funds |
Costs 2022 - - - |
|---|---|
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PETER WHITTINGHAM FOUNDATION UK
NOTES FOR THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDING 31 MARCH 2022
4. Movement in funds
| 6 March | Incoming | Outgoing | Transfers | 31 March | |
|---|---|---|---|---|---|
| 2021 | Resources | Resources | 2022 | ||
| £ | £ | £ | £ | £ | |
| Restricted Funds | - | - | - | - | - |
| - | - | - | - | - | |
| Unrestricted Funds: | |||||
| General Fund | - | 11,000 | - | - | 11,000 |
| Total Unrestricted Funds | - |
11,000 | - | - | 11,000 |
- No Trustee received any remuneration or reimbursement of travel expenses during the period ended 31 March 2022.
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PETER WHITTINGHAM FOUNDATION
BALANCE SHEET
AT 31 MARCH 2022
| Note Current Assets Debtors Cash at bank and in hand Total current assets Liabilities Creditors : Amounts falling due within one year Net Current Assets Total net assets The funds of the charity: Unrestricted funds 4 |
2022 £ - 11,000 11,000 - 11,000 11,000 11,000 |
|---|---|
Approved by the Trustees on the 26[th] May 2023 and signed on their behalf by James Whittingham.
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