## Peter Whittingham Foundation
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
CONTENTS
PAGE
|Legal and Administrative Information|1|
|---|---|
|Report of the Trustees|2 - 3|
|Independent Examiners Report|4|
|Statement of Financial Activities|5|
|Notes to the Financial Statements|6 - 8|
|Balance Sheet|9|
## **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
1
## Peter Whittingham Foundation
## **REPORT OF THE TRUSTEES – Year 1 April 2022 to 31 March 2023**
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.
2
## 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
3
## **PETER WHITTINGHAM FOUNDATION**
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2023**
I report to the trustees on my examination of the accounts of the above charity (“the Foundation”) for the year ended 31 March 2023.
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Foundation’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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.
Signed:
Name:
Date: 12 February 2024
4
## PETER WHITTINGHAM FOUNDATION
## STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 31 MARCH 2023
|Unrestricted
Restricted
Total
Funds
Funds Funds
2023
2023
2023
£ £ £
Note
Income
Donations & legacies
2
95,883
-
95,883
Deposit Interest
-
-
-
Other activities
2
-
-
-
Total Income
95,883
-
95,883
Resources Expended
Direct Charitable Expenditure 3
100,000
-
100,000
Operating Costs
Website Costs
4
936
-
936
Accountancy
600
-
600
Total Operating Costs
4
1,536
-
1,536
Net income / (expenditure) for the year - -
-
Transfer between Funds
5
-
-
-
Funds Balance brought forward
11,000
-
11,000
Funds Balance carried forward
5
5,347
-
5,347|Total
Funds
2022
£
11,000
-
-
11,000
-
-
-
-
-
-
-
11,000|
|---|---|
5
## PETER WHITTINGHAM FOUNDATION
NOTES FOR THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
1. 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.
6
## PETER WHITTINGHAM FOUNDATION
NOTES FOR THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDING 31 MARCH 2023
## 2. Donations & legacies
|Unrestricted
Restricted
Funds Funds
2023
2023
£ £
Individuals & firms
95,883
-
95,883
-
3. Direct Charitable Expenditure
Costs
2023
£
Grants Awarded
100,000
Expenditure on Raising funds
-
100,000
4. Operating Costs
2023
£
Website Costs
936
Accountancy
600
1,536|
|Total
Funds
2023
£
95,883
95,883
Costs
2022
£
-
-
-
2022
£
-
-
-
|Total
Funds
2022
£
11,000
11,000|
|---|---|---|---|
|||||
||
|||
|||||
7
## PETER WHITTINGHAM FOUNDATION UK
NOTES FOR THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDING 31 MARCH 2023
## 5. Movement in funds
|
Restricted Funds
Unrestricted Funds:
General Fund
Total Unrestricted Funds|1 April Incoming Outgoing Transfers
31 March
2022 Resources Resources
2023
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
11,000
95,883
101,536
-
5,347
11,000
95,883
101,536
-
5,347|
|---|---|
6. No Trustee received any remuneration or reimbursement of travel expenses during the period ended 31 March 2023.
8
## PETER WHITTINGHAM FOUNDATION
## BALANCE SHEET
## AT 31 MARCH 2023
|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
5
|2023
£
-
5,347
5,347
-
5,347
**5,347**
5,347|
|---|---|
Approved by the Trustees on the 12 February 2024 and signed on their behalf
……………………………………………… James Whittingham
9