REGISTERED CHARITY NUMBER: 1197425
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
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Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
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CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 6 |
| Detailed Statement of Financial Activities | 7 |
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REPORT OF THE TRUSTEES for the year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO).
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 M Betts C Page (Resigned 1[st] August 2024) M Safo
Approved by order of the board of trustees on .......20.11.24..................................... and signed on its behalf by:
J Warin
........................................................................ J Warin - Trustee
Page 1
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STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024
| Period | |||
|---|---|---|---|
| 11.1.22 | |||
| Year Ended | to | ||
| 31.3.24 | 31.3.23 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 1,697 | 3,457 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable Activities | 1,490 | 3,222 | |
| NET INCOME | 207 | 235 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 235 | - | |
| TOTAL FUNDS CARRIED FORWARD | 442 | 235 |
The notes form part of these financial statements
Page 2
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BALANCE SHEET 31 March 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 442 | 235 | |
| NET CURRENT ASSETS | 442 | 235 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 442 | 235 | |
| NET ASSETS | 442 | 235 | |
| FUNDS | 4 | ||
| Unrestricted funds | 442 | 235 | |
| TOTAL FUNDS | 442 | 235 |
The financial statements were approved by the Board of Trustees and authorised for issue on ...........20/11/24.................................. and were signed on its behalf by:
.....J Warin........................................ J Warin - Trustee
The notes form part of these financial statements
Page 3
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NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
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.
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.
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.
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 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.
continued...
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NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 3,457 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable Activities | 3,222 |
| NET INCOME | 235 |
| TOTAL FUNDS CARRIED FORWARD | 235 |
4. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 235 | 207 | 442 |
| TOTAL FUNDS | 235 | 207 | 442 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,697 | (1,490) | 207 |
| TOTAL FUNDS | 1,697 | (1,490) | 207 |
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continued...
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NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
4. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| in funds | 31.3.23 | ||
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 235 | 235 | |
| TOTAL FUNDS | 235 | 235 | |
| Comparative net movement in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,457 | (3,222) | 235 |
| TOTAL FUNDS | 3,457 | (3,222) | 235 |
5. RELATED PARTY DISCLOSURES
There were the following related party transactions in the year:
Gift from Wednesday Professional Services Ltd £250 (Trustee J Warin is a director of this company)
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DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024
| for the year ended 31 March 2024 | ||
|---|---|---|
| Period | ||
| 11.1.22 | ||
| Year Ended | to | |
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 1,697 | 3,457 |
| Total incoming resources | 1,697 | 3,457 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable activities | 1,490 | 3,222 |
| Total resources expended | 1,490 | 3,222 |
| Net income | 207 | 235 |
This page does not form part of the statutory financial statements
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