REGISTERED CHARITY NUMBER: 1197425
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 11 JANUARY 2022 TO 31 MARCH 2023 FOR RM BUSINESS LINK
Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
RM BUSINESS LINK
CONTENTS OF THE FINANCIAL STATEMENTS for the period 11 January 2022 to 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 5 |
| Detailed Statement of Financial Activities | 6 |
RM BUSINESS LINK
REPORT OF THE TRUSTEES for the period 11 January 2022 to 31 March 2023
The trustees present their report with the financial statements of the charity for the period 11 January 2022 to 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1197425
Principal address
The Gateway Centre 99c High Street King's Lynn Norfolk PE30 1BW
Trustees
J Warin - appointed 11.1.22 M Betts - appointed 11.1.22 C Page - appointed 11.1.22 M Safo - appointed 11.1.22
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO).
Review of the period
The charity has made progress towards its aims of bringing business and church leaders together and started to develop strategy for the future. This first period for the charity has been one of establishing foundations and a framework for the future. Business and Church leaders have met together for prayer and encouragement especially during online Zoom meetings.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on ...27[th] Feb 2024.......................................... and signed on its behalf by:
............................................. J Warin - Trustee
Page 1
RM BUSINESS LINK
STATEMENT OF FINANCIAL ACTIVITIES for the period 11 January 2022 to 31 March 2023
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOMING RESOURCES | ||
| Incoming resources from generated funds | ||
| Voluntary income | 3,457 | |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Charitable Activities | 3,222 | |
| NET INCOMING RESOURCES | 235 | |
| TOTAL FUNDS CARRIED FORWARD | 235 |
The notes form part of these financial statements
Page 2
RM BUSINESS LINK
BALANCE SHEET At 31 March 2023
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| fund | |||
| Notes | £ | ||
| CURRENT ASSETS | |||
| Cash at bank | 235 | ||
| NET CURRENT ASSETS | 235 | ||
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 235 | ||
| NET ASSETS | 235 | ||
| FUNDS | 3 | ||
| Unrestricted funds | 235 | ||
| TOTAL FUNDS | 235 | ||
| The financial statements were approved by | the Board of Trustees on ...27thFeb 2024.......................................... and | ||
| were signed on its behalf by: | |||
| ............................................. | |||
| J Warin -Trustee |
The notes form part of these financial statements
Page 3
RM BUSINESS LINK
NOTES TO THE FINANCIAL STATEMENTS for the period 11 January 2022 to 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements are presented in sterling (£).
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs 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.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
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 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2023.
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RM BUSINESS LINK
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the period 11 January 2022 to 31 March 2023
3. MOVEMENT IN FUNDS
| Net movement | ||
|---|---|---|
| in funds | At 31.3.23 | |
| £ | £ | |
| Unrestricted funds | ||
| General fund | 235 | 235 |
| TOTAL FUNDS | 235 | 235 |
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,457 | (3,222) | 235 |
| TOTAL FUNDS | 3,457 | (3,222) | 235 |
Page 5
RM BUSINESS LINK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the period 11 January 2022 to 31 March 2023
| INCOMING RESOURCES Voluntary income Donations Total incoming resources RESOURCES EXPENDED Charitable activities Charitable activities Total resources expended Net income |
£ 3,457 3,457 3,222 3,222 235 |
|---|---|
This page does not form part of the statutory financial statements
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