REGISTERED CHARITY NUMBER: 1195275
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 FOR THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
Page Reference and Administrative Details 1 Statement of Financial Activities 2 Balance Sheet 3 Notes to the Financial Statements 4 to 5 Detailed Statement of Financial Activities 6
THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
REFERENCE AND ADMINISTRATICE DETAILS FOR THE PERIOD ENDED 31 DECEMBER 2024
TRUSTEES ROMEO EFFS CHRISTOPHER MERCHANT MARCIA JONES JASON LEE
PRINCIPAL ADDRESS
26 KNOLLS COURT FARQUHAR ROAD LONDON SE19 1SP
REGISTERED CHARITY NUMBER 1195275
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITES FOR THE PERIOD ENDED 31 DECEMBER 2024
2023 2023 £ £ Notes INCOME AND ENDOWMENTS FROM Unrestricted Income 5,000 19,540 EXPENDITURE: Charitable activities 5,000 19,059 NET INCOME/ (EXPENDITURE ) 0 511 RECONCILIATION OF FUNDS Total funds brought forward 12 12 TOTAL FUNDS CARRIED FORWARD 12 523
The notes form part of these financial statements
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
BALANCE SHEET 31 DECEMBER 2024
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2024 2023
Notes £ £
CURRENT ASSETS
Cash at bank 12 523
NET ASSETS 12 523
FUNDS
Unrestricted funds 12 523
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The financial statements were approved by the Board of Trustees and authorised for issue on 10 October 2025 and were signed on its behalf by:
……………………….. Romeo Effs- Chair
The notes form part of these financial statements
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 DECEMBER 2024
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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Investment income and fundraising proceeds are included when receivable.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Fees are included when the charity has a right to income by way of performance of services.
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 DECEMBER 2024
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all cost related to the category. Where cost cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with 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 is included in the notes to the financial statements.
2. TRUSTEES’ REMUNERATION AND BENEFITS
Trustees’ remuneration and other benefits for the period ended 31[st] December 2024 was £nil (2023:nil)
Trustees’ expense
There were no trustees’ expenses paid for the period ended 31 December 2024 (2023:nil)
3. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024
2024 2023 £ £ INCOME AND ENDOWMENTS Charitable activities Donations 5,000 19,540 EXPENDITURE Charitable activities Grants to beneficiaries 4,898 12,592 Equipment - 5,400 Awards - - Sundries - 75 Travel - 890 4,898 18,957 Support cost Finance Bank Charges 102 102 Total resources expended 5,000 19,059 Net expenditure 0 511
This page does not form part of the statutory financial statements
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