REGISTERED CHARITY NUMBER: 1193963
Report of the Trustees and
Unaudited Financial Statements for the Period 30 March 2021 to 31 March 2022
for
THE EARTHSONG FOUNDATION
THE EARTHSONG FOUNDATION
Contents of the Financial Statements for the period 30 March 2021 to 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 5 |
THE EARTHSONG FOUNDATION
Report of the Trustees for the period 30 March 2021 to 31 March 2022
The trustees present their report with the financial statements of the charity for the period 30 March 2021 to 31 March 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Foundation awards grants for purposes within its objects, with primary focus on the areas of music education, herbal medicines and environmental regeneration in the UK and overseas.
FINANCIAL REVIEW
Financial position
The charity was dormant throughout the period. The trustees plan to commence grant-making from April 2022.
Reserves policy
The trustees will only award grants up to the value of the funds already held by the charity and do not expect to need to hold significant reserves. The trust will hold a reserve of £5,000, to cover unforeseen administrative costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity was registered as a Charitable Incorporated Organisation with the Charity Commission on 30 March 2021. It is governed by a constitution based on the Charity Commission's Association model constitution..
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1193963
Principal address
North Barn Cameley Somerset BS39 5AH
Trustees
S A Pole Chair (appointed 30.3.21) R S V Corbishley (appointed 30.3.21) P Raby (appointed 30.3.21) S F Pole (appointed 30.3.21) T J M Korbusz (appointed 30.3.21)
19/01/2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. S A Pole - Trustee
Page 1
THE EARTHSONG FOUNDATION
Statement of Financial Activities for the period 30 March 2021 to 31 March 2022
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| NET INCOME | - | |
| TOTAL FUNDS CARRIED FORWARD | - |
The notes form part of these financial statements
Page 2
THE EARTHSONG FOUNDATION
Balance Sheet 31 March 2022
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| fund | |||
| Notes | £ | ||
| FIXED ASSETS | |||
| Investments | 3 | 1 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (1) | |
| NET CURRENT ASSETS | (1) | ||
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | - | ||
| NET ASSETS | - | ||
| FUNDS | 5 | ||
| TOTAL FUNDS | - |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 19/01/2023
............................................. S A Pole - Trustee
The notes form part of these financial statements
Page 3
THE EARTHSONG FOUNDATION
Notes to the Financial Statements for the period 30 March 2021 to 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2022.
3. FIXED ASSET INVESTMENTS
The investment is 100% of the issued share capital of Earthsong Seeds Limited.
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| £ | |||
|---|---|---|---|
| Other creditors | 1 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| in funds | 31.3.22 | ||
| £ | £ | ||
| TOTAL FUNDS | - | - | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| TOTAL FUNDS | - | - | - |
5. MOVEMENT IN FUNDS
Page 4
continued...
THE EARTHSONG FOUNDATION
Notes to the Financial Statements - continued for the period 30 March 2021 to 31 March 2022
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2022.
Page 5