REGISTERED CHARITY NUMBER: 1201268
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR Stevie Stones
MHR Consultancy Limited Ferneberga House Alexandra Road Farnborough Hampshire GU14 6DQ
Stevie Stones
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
Stevie Stones
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The relief of parents and their families who have suffered the loss of a child, by providing support groups and contributing to the funeral headstone, urn or other memorial decoration costs
FINANCIAL REVIEW
Financial position
This is the first year of trading for the charity; there was an excess of income over costs of £12,435.
FUTURE PLANS
To date we have largely relied on self-generated fundraising activities along with Ad-Hoc identification of potential grants or funding streams.
2025 will see our formulation and execution of strategy to ensure financial viability. We have set 2 primary objectives:
-
Become a corporate charity partner as part of a CSR initiative
-
Goal to raise £7000 from corporate donations in 2025
We will also include re-alignment of marketing activity to focus on business engagement and enhance our online presence with that in mind.
Concurrent with this is moving towards being aligned with charitable frameworks. We have identified Trusted Standard which is our primary goal. We also wish to ensure that we are compliant with information security and data privacy legislation and regulation and will consider ISO implementation for our own administrative processes
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1201268
Principal address
33 Romney Way Worcester Worcestershire
Trustees
L Freail (appointed 27.6.24) H L Digger (appointed 27.6.24) M Graham J Bassett L Bassett N Graham B Graham
Independent Examiner
Mark Blackwell ACMA MHR Consultancy Limited Ferneberga House Alexandra Road Farnborough Hampshire GU14 6DQ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................................... B Graham - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEVIE STONES
Independent examiner's report to the trustees of Stevie Stones
I report to the charity trustees on my examination of the accounts of Stevie Stones (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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 accounts to be reached.
Mark Blackwell ACMA
The Chartered Institute of Management Accountants
MHR Consultancy Limited Ferneberga House Alexandra Road Farnborough Hampshire GU14 6DQ
Date: .............................................
Page 2
Stevie Stones
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024
| Period | |||
|---|---|---|---|
| 7.12.22 | |||
| Year Ended | to | ||
| 31.12.24 | 31.12.23 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 44,988 | 20,214 | |
| Other trading activities | 2 | 1,586 | 7,311 |
| Total | 46,574 | 27,525 | |
| EXPENDITURE ON | |||
| Raising funds | 23,235 | 2,762 | |
| Charitable activities | |||
| General | 27,257 | 12,328 | |
| Total | 50,492 | 15,090 | |
| NET INCOME/(EXPENDITURE) | (3,918) | 12,435 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 12,435 | - | |
| TOTAL FUNDS CARRIED FORWARD | 8,517 | 12,435 |
The notes form part of these financial statements
Page 3
Stevie Stones
BALANCE SHEET
31 December 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 9,677 | 12,795 | |
| CREDITORS | |||
| Amounts falling due within one year | 6 | (1,160) | (360) |
| NET CURRENT ASSETS | 8,517 | 12,435 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 8,517 | 12,435 | |
| NET ASSETS | 8,517 | 12,435 | |
| FUNDS | 7 | ||
| Unrestricted funds | 8,517 | 12,435 | |
| TOTAL FUNDS | 8,517 | 12,435 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. B Graham - Trustee
............................................. N Graham - Trustee
The notes form part of these financial statements
Page 4
Stevie Stones
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
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.
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.
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.
OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| Period | ||
| 7.12.22 | ||
| Year Ended | to | |
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Fundraising events | 1,586 | 7,311 |
3.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the period ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the period ended 31 December 2023.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Period | |
|---|---|
| 7.12.22 | |
| Year Ended | to |
| 31.12.24 | 31.12.23 |
No employees received emoluments in excess of £60,000.
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continued...
Stevie Stones
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||||
|---|---|---|---|---|---|
| fund | |||||
| £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 20,214 | ||||
| Other trading activities | 7,311 | ||||
| Total | 27,525 | ||||
| EXPENDITURE ON | |||||
| Raising funds | 2,762 | ||||
| Charitable activities | |||||
| General | 12,328 | ||||
| Total | 15,090 | ||||
| NET INCOME | 12,435 | ||||
| TOTAL FUNDS CARRIED FORWARD | 12,435 | ||||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.24 | 31.12.23 | ||||
| £ | £ | ||||
| Trade creditors | 800 | - | |||
| Other creditors | 360 | 360 | |||
| 1,160 | 360 | ||||
| 7. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.24 | in funds | 31.12.24 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 12,435 | (3,918) | 8,517 | ||
| TOTAL FUNDS | 12,435 | (3,918) | 8,517 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 46,574 | (50,492) | (3,918) | ||
| TOTAL FUNDS | 46,574 | (50,492) | (3,918) |
Page 6
continued...
Stevie Stones
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| in funds | 31.12.23 | ||
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 12,435 | 12,435 | |
| TOTAL FUNDS | 12,435 | 12,435 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 27,525 | (15,090) | 12,435 |
| TOTAL FUNDS | 27,525 | (15,090) | 12,435 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 7
Stevie Stones
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024 |
||||
|---|---|---|---|---|
| Period | ||||
| 7.12.22 | ||||
| Year Ended | to | |||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Donations | 44,988 | 20,214 | ||
| Other trading activities | ||||
| Fundraising events | 1,586 | 7,311 | ||
| Total incoming resources | 46,574 | 27,525 | ||
| EXPENDITURE | ||||
| Raising donations and legacies | ||||
| Event Costs - Direct | 23,235 | 2,762 | ||
| Charitable activities | ||||
| Advertising | - | 274 | ||
| Stonemasons | 25,746 | 10,715 | ||
| Computer and Website | 783 | 775 | ||
| 26,529 | 11,764 | |||
| Support costs | ||||
| Management | ||||
| Telephone | 153 | - | ||
| Postage and stationery | - | 181 | ||
| 153 | 181 | |||
| Finance | ||||
| Subscriptions | 197 | - | ||
| Bank charges | 18 | 23 | ||
| 215 | 23 | |||
| Governance costs | ||||
| Accountancy and legal fees | 360 | 360 | ||
| Total resources expended | 50,492 | 15,090 | ||
| Net (expenditure)/income | (3,918) | 12,435 |
This page does not form part of the statutory financial statements
Page 8