Thriving Together Organisation
Annual Financial Statements
For the Period Ended March 31, 2023
Table of Contents
| Page | ||
|---|---|---|
| 1. | Trustees' Annual Report | 2 |
| 2. | Independent Examiner's Report | 3 |
| 3. | Statement of Financial Activities (SOFA) | 4 |
| 4. | Balance Sheet | 5 |
| 5. | Notes to the Financial Statements | 6 |
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1. Trustees' Annual Report
Introduction
Charity Name: Thriving Together Organisation Charity Number: 1199497 Reporting Period: June 30, 2022 to March 31, 2023
Objectives and Activities
Thriving Together organisation was established to the relief of need of people with disabilities, including learning, physical and mental health and their carers in the Suffolk and Norfolk areas, in particular but not exclusively by:
a) Assisting, both in person and via online forums, in access to local support services where they can obtain specialist advice, guidance and advocacy services
b) Running groups at local community centres to alleviat. due to this being the first year of operation, there were no activities conducted.
Achievements and Performance
As this is the first year of operation, there have been no achievements or performance activities to report.
Financial Review
There were no financial transactions during the reporting period. The charity maintained a neutral financial position with no income or expenditure.
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Structure, Governance, and Management
The charity is governed by a board of trustees:
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Trustees:
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Salem Salas-Diaz
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Katya Barsoukova (Chair)
Policies and Procedures
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Reserves Policy: The charity aims to maintain sufficient reserves to aims to maintain reserves covering at least six months of operational costs. This ensures sustainability and the ability to manage risks and unforeseen expenditures. The Board of Trustees reviews this policy and the reserve levels annually. Reserves are reported in the financial statements and adjusted as needed to support operational continuity and strategic development.
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Risk Management: The trustees have considered the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks.
2. Independent Examiner's Report
As there were no financial activities during the reporting period, an independent examiner's report is not applicable.
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3. Statement of Financial Activities (SOFA)
For the Period Ended March 31, 2023
| Notes | Unrestricted Funds |
Restricted Funds |
Total This Year |
Total Last Year |
||
|---|---|---|---|---|---|---|
| Income | ||||||
| Donations and Legacies | £0 | £0 | £0 | N/A | ||
| Charitable Activities | £0 | £0 | £0 | N/A | ||
| Other Trading Activities | £0 | £0 | £0 | N/A | ||
| Investments | £0 | £0 | £0 | N/A | ||
| Total Income | £0 | £0 | £0 | N/A | ||
| Expenditure | ||||||
| Raising Funds | £0 | £0 | £0 | N/A | ||
| Charitable Activities | £0 | £0 | £0 | N/A | ||
| Other | £0 | £0 | £0 | N/A | ||
| Total Expenditure | £0 | £0 | £0 | N/A | ||
| Net Income/(Expenditure) | £0 | £0 | £0 | N/A | ||
| Transfers between Funds | £0 | £0 | £0 | N/A | ||
| Net Movement in Funds | £0 | £0 | £0 | N/A | ||
| Reconciliation of Funds | £0 | £0 | £0 | N/A | ||
| Total Funds Brought Forward |
£0 | £0 | £0 | N/A | ||
| Total Funds Carried Forward |
£0 | £0 | £0 | N/A |
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4. Balance Sheet
As of March 31, 2023
| As of March 31, 2023 | ||
|---|---|---|
| Notes | This Year Last Year | |
| Fixed Assets | ||
| Tangible Assets | £0 | N/A |
| Investments | £0 | N/A |
| Total Fixed Assets | £0 | N/A |
| Current Assets | ||
| Debtors | £0 | N/A |
| Cash at Bank and In Hand | £0 | N/A |
| Total Current Assets | £0 | N/A |
| Liabilities | ||
| Creditors: Amounts Falling Due within One Year | £0 | N/A |
| Net Current Assets | £0 | N/A |
| Total Assets Less Current Liabilities | £0 | N/A |
| Creditors: Amounts Falling Due after More than One Year £0 | N/A | |
| Net Assets | £0 | N/A |
| Funds | ||
| Unrestricted Funds | £0 | N/A |
| Restricted Funds | £0 | N/A |
| Total Funds | £0 | N/A |
Approved by the Trustees on July 02, 2024
Trustee Name: Katya Barsoukova (Chair)
Signature: ___
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5. Notes to the Financial Statements
1. Accounting Policies
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Basis of Preparation: The financial statements have been prepared in accordance with applicable accounting standards and the Charities Act.
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Income Recognition: Income is recognized when the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
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Expenditure Recognition: Expenditure is recognized on an accruals basis as a liability is incurred.
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Fund Accounting: Funds held by the charity are either unrestricted general funds or restricted funds for specific purposes.
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Fixed Assets and Depreciation: The charity has no fixed assets.
2. Income
- There was no income during the reporting period.
3. Expenditure
o There was no expenditure during the reporting period.
4. Staff Costs and Numbers
- There were no staff costs as the charity had no employees during the reporting period.
5. Trustee Remuneration and Expenses
o No trustee received any remuneration or expenses during the reporting period.
6. Fixed Assets
o The charity held no fixed assets during the reporting period.
7. Debtors
o There were no debtors at the end of the reporting period.
8. Creditors
- There were no creditors at the end of the reporting period.
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9. Funds
o There were no movements in funds during the reporting period.
10. Related Party Transactions
o There were no related party transactions during the reporting period.
Additional Notes
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Ensure compliance with the local regulations and requirements for charity accounts.
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The trustees have signed and approved these financial statements as true and fair..
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