REGISTERED CHARITY NUMBER.. 1116 of the Trustees and Un nancial Statemen for 24 Youc
IF YOU CAN Contents of the Financial Statements for the Year Ended 30 June 2024 Pag8 Reference and Administrative Details R8POrt of the Trustees Statement of Financial Activibes Balance Sheet Notes to th8 Financial Statements
Reference and ministrative Details for the Year Ended 30 June 2024 TRUSTEES Andrew Hall Chair Mr Sal Worringham Trustee Ms Ajison Ryder Twstee Ms loana Oancea Trustee PRINCIPAL ADDRESS Gears Fam House Gears Lane Goklsrthr Penzance TR20 9LB REGISTERED CHARITY NUMBER 1199616 Page 1
IFYOU CAN rt of the Trustees for the Year Ended 30 June 2024 The trustees present their report with the financial statements of the charty for the year ended 30 June 2024. The trustees have adopted the prob4sions of Accounting and Reporting by Charities". Statement of Recommended Practice applicaile to charTti8s Fyeparing their accounts in accordance with the Financial Reporting StarKJard applicable in the UK arKI Republic of Ireland (FRS 102) (effective 1 January 2019). FINANCIAL REVIEW Funds in surplus The charty received donations of £1,orsJ {2023: £0) for the p70d to 30th June 2024. After outgoing expenses of £300 {2023: £0), the chanty was left ¥wth a surplus of £71XI (2023.. £0) for the period to 30th June 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by ts govemiThJ document, a deed of trust arKI constitutes an unincorporated charity. Rlsk management The trustees have a duty to identify and review the risks to whi¢h the ¢harity is exposed and to ensure approwiate controls are in place to provide reasonable assurancé against fraud and error. Approved by order of the board of trustees on ... .. .. by.. swjned on its behalf Andrew Hall - Trustee Page 2
F YOU CAN Statefflent of Financial Activities for the Year Ended 30 June 2024 Period 11.7.22 to 30.8.23 Total funds Year Ended 30.6.24 Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds NET INCOME 700 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 71x1 The notes form part of these finanaal statents Page 3
IFY Balance Sheet 30 June 2024 30.6.24 Unrestricted fund 30.6.23 Total funds Notes CURRENT ASSErs Cash at bank CREDITORS Amounts falling due within one year (300> NET CURRENT ASSErs 7CKI TOTAL ASSETS LESS CURREKr LIABILITIES 700 NET ASSErs 700 FUNDS Unrestricted funds 700 TOTAL FUNDS 700 Tl8 financial tate nts were approved ty thè Board of Trustees and aLrthorised for issue on . and w8re wgned on rts b8haW by.. drew The notes f7 part of these financial statements
IFY Notes to the Financial Stateme for the Year Ended 30 June 2024 ACCOUNTING POLICIES Basis of preparing the financlal statements The finanoal statements of the ¢harrty, which is a public benefft entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement of Recomff*nded Practi applicate to chartties preparing their accounts in accordan wrth the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019}', Financial Reporting Standard 102 The Financial Reporting Standard applicabl8 in the UK and RepU1C of IreSan(r and the CharitS Act 2011. The financial statements have been prepared under the histCCal cost convention. Income All income is recognised in the Statwt of Financial N£tivities once the charty has entitlement to the funds, it is probable that the income wll be recwed and the amount Can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as the is a legal or constructive obligation committing the charity to that expendrture. rt ts probable that a transfer of economic benefrts will be required in settlement arKI the amount of the obligation can be measured reliably. Expenditure is account&J for on an accruals basi8 and has b80n classified under headings that aggregate all cost related to the category. Vthere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wrth the use of resource$. Taxatlon The Charity is exempt from tax on its charttable a(Xivrti8S. Fund accountlng Unrestricted funds can be used in accordance with the charitabk8 obJectNes at the diretIOn of the trustees. Restrict8d funds can only be used for partj'cular restricted purposes wthin the objeds of the charity. Restrictions arise when speofied by the donor or when furKls are raised for particular restricted purposes. Further explanation of the nature and pufFN)se of each fund is widuded in the notes to the financial statements. Page 5 continued...
IFY Notes to the Financial Statements - continued or the Year Ended 30 Juné 2024 RAISING FUNDS Ralslng donatlons and legacies Perit)d 11.7.22 to 30.6.23 Year Ended 30.6.24 Support costs 300 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratton or other beneffts for the year ended 30 June 2024 nor for the period ended 30 June 2023. Trustees, exp8nso8 There yre no trustees. expenses paKI for the year ended 30 June 2024 nor for the period ended 30 Jun8 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Total fund8 NET INCOME TOTAL FUNDS CARRIED FORWARD Page 6 continued...
IFY Notes to the Financial Ststements- continued for the Year Ended 30 Jun 2024 CREDITORS: Amoupifs FALLING DUE wrrHIN ONE YEAR 30.6.24 30.6.23 Other Greditors 300 MOVEMENT IN FUNDS Net movement in funds At 1.7.23 30.6.24 Unrestrlcted funds General fund 7(K) 7fNJ TOTAL FUNDS 7&) 7CwJ Net movement in funds. induded in the ave are as follows". Incorning Resources Movement resources expended in funds Unre8trlcted funds General fund (3LX)) 700 TOTAL FUNDS 3C 7CNJ RELATED PARTh DISCLOSURES There were no related party transactions lor the year ended 30 June 2024. Page 7