Charity registration number 1198451
AMY ROBINSON FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2023
AMY ROBINSON FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees K Robinson L Robinson Charity number 1198451 Principal address 9 Coopers Meadow Redbourn St Albans AL3 7EY Independent examiner S Coleman ACA Gerald Edelman LLP 73 Cornhill London EC3V 3QQ Bankers Metro Bank 1 Southampton Row London WC1B 5HA
AMY ROBINSON FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustee's report | 1 - 2 |
| Statement of Trustee's responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 10 |
AMY ROBINSON FOUNDATION
TRUSTEE'S REPORT FOR THE PERIOD ENDED 5 APRIL 2023
The Trustees present their annual report and financial statements for the period ended 5 April 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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
Under the terms of the Constitution the objects of the Charity are:
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a. the relief of the mental and physical sickness of persons resident in England and Wales suffering from bereavement through the loss of a child by the provision of counselling and support for such persons.
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a. the relief of poverty and the improvement of the conditions of life in socially and economically disadvantaged communities.
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b. To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time.
The number of projects which can be supported by the Charity is, of necessity, limited to the amount of funds available for distribution in any year. The amount available for grant making in each year is determined and agreed annually by The Trustees. Grants will normally take the form of financial support. candidates.
It has been agreed that the primary charities that will be supported from commencement will include the Compassionate Friends, Child Bereavement UK and SUDC UK and SLOW which are all existing registered charities.
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
Fundraising activities including a golf day, bake sale, Christmas stall and open gardens event raised a total of £2,794. During the period under review the Trustees paid the sum of £2,000 to Riding for the Disabled Association, £1000 to The Compassionate Friends and £350 to Addenbrookes’s Charitable Trust in the furtherance of the objects of the foundation. Due to the substantial amount of income generated through donations and fund raising activities, the foundation has also been able to make a substantial donation to SUDC UK in the following accounting period.
Financial review
The net income for the period was £21,583.
Total income was £24,933 mainly relating to donation income.
Total expenditure was £3,350 relating solely to grants paid. All administrative costs relating to the charity were subsidised by the Trustees.
Reserves policy
There is no formal reserves policy required at present as it is the intention of the Trustees to commit all funds held to charitable projects in the near future.
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AMY ROBINSON FOUNDATION
TRUSTEE'S REPORT (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2023
Structure, governance and management
The charity was established by a constitution (effective registration date 30 March 2022) and was formed as a Charitable Incorporated Organisation.
The Trustees who served during the period and up to the date of signature of the financial statements were:
K Robinson L Robinson
Appointed 30 March 2022 Appointed 30 March 2022
Recruitment and appointment of trustees
The power of appointment of new Trustees is vested in the Board. In selecting individuals for appointment regard will be given to their skills, knowledge and experience needed for the effective administration of the charity.
None of the Trustees of the charity has any beneficial interest in the company. All of the members of the charity are members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustees meet regularly in order to discuss the ongoing administrative and other issues arising.
The Trustee's report was approved by the Board of Trustees.
L Robinson
Trustee
26 January 2024
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AMY ROBINSON FOUNDATION
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
FOR THE PERIOD ENDED 5 APRIL 2023
The Trustees are responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The 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 state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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AMY ROBINSON FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF AMY ROBINSON FOUNDATION
I report to the Trustees on my examination of the financial statements of Amy Robinson Foundation (the charity) for the period ended 5 April 2023.
Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do 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 financial statements to be reached.
S Coleman ACA Gerald Edelman LLP
Chartered Accountants 73 Cornhill London EC3V 3QQ
Dated: 26 January 2024
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AMY ROBINSON FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 5 APRIL 2023
| Unrestricted | ||
|---|---|---|
| funds | ||
| 2023 | ||
| Notes | £ | |
| Income from: | ||
| Donations and legacies | 2 | 22,139 |
| Other trading activities | 3 | 2,794 |
| Total income | 24,933 | |
| Charitable activities | 4 | (3,350) |
| Net income and movement in funds | 21,583 | |
| Reconciliation of funds: | ||
| Fund balances at 30 March 2022 | - | |
| Fund balances at 5 April 2023 | 21,583 |
The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.
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AMY ROBINSON FOUNDATION
BALANCE SHEET
AS AT 5 APRIL 2023
| Notes Current assets Cash at bank and in hand Net current assets The funds of the charity Unrestricted funds The financial statements were approved by the Trustees on 26 January 2024 L Robinson Trustee |
2023 £ 21,583 |
£ 21,583 |
|---|---|---|
| 21,583 | ||
| 21,583 | ||
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AMY ROBINSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2023
1 Accounting policies
Charity information
Amy Robinson Foundation is a Charitable Incorporated Organisation. The registered office is 9 Coopers Meadow, Redbourn, St Albans AL3 7EY.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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AMY ROBINSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2023
1 Accounting policies
(Continued)
1.5 Expenditure
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All resources expended are accounted for on an accruals basis and the irrecoverable element of VAT is included in the expense to which it relates
. Grants payable are payments made to third parties in the furtherance of the charitable activities of the Trust. Grants are recognised in the accounts when paid or when the Trustees have agreed to pay the grant without condition. At the end of each year a review is carried out in respect of future charitable commitments to be made and a note to the accounts in included in respect of the total commitments.
Charitable expenditure includes grants payable and support costs incurred regarding the provision and supervision of charitable projects. Support costs include governance costs represented by audit costs and other professional fees incurred in connection with the meeting of the charity's constitutional and statutory obligations.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Income from donations and legacies
| Unrestricted | |
|---|---|
| funds | |
| 2023 | |
| £ | |
| Donations and gifts | 22,139 |
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AMY ROBINSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2023
3 Income from fundraising
| Unrestricted | ||
|---|---|---|
| funds | ||
| 2023 | ||
| £ | ||
| Fundraising events | 2,794 | |
| 4 | Expenditure on charitable activities | |
| 2023 | ||
| £ | ||
| Direct costs | ||
| Grant funding of activities (see note 5) | 3,350 | |
| 5 | Grants payable | |
| 2023 | ||
| £ | ||
| Grants to institutions: | ||
| Other | 3,350 |
6 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period. No expenses were paid to the Trustees in the period.
7 Employees
The average monthly number of employees during the period was:
| 2023 | ||
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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AMY ROBINSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2023
9 Related party transactions
There were no disclosable related party transactions during the period
10 Taxation
As a registered charity the Foundation is exempt from taxation on its activities which fall within the scope of part 10 ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992.
11 Comparative figures
There are no comparative figures as these are the first accounts of the charity.
12 APB Ethical Standard relevant circumstances
In common with many entities of our size we use our independent examiners to assist with the preparation of the accounts.
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