Charity Registration No. 1201967
THE DANIEL MERVIS CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
THE DANIEL MERVIS CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
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Trustees H C Mervis
J M Rushton-Turner
J. De Pury
R Knowles
Charity number 1201967
Principal address 52 Fitzalan Road
London
N3 3PE
Accountants K&S Professionals Limited
Chartered Certified Accountants
41 Rivington Crescent
Mill Hill
London
NW7 2LF
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THE DANIEL MERVIS CHARITY
CONTENTS
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Page
Trustees' report 1 - 2
Accountants' report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 8
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THE DANIEL MERVIS CHARITY
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their report and financial statements for the year ended 30 June 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts 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)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The Charity's object is to help university students and their families who are in need due to addiction to alcohol and drugs or bereavement caused by alcohol addiction or substance misuse.
The trustees confirm that they have followed the Charity Commission in complying with public benefit and the trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Achievements and performance
The charity works to award grants to other charities and relevant organizations that support those suffering from drug addiction and substance misuse. In addition, the charity works to raise awareness of drug, alcohol misuse and addiction amongst the public.
.
Financial review
During the year the Charity received donations of £6,375 and made donations of £0 with a net surplus of £6,375.
The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Charity is constituted as a CIO.
The trustees who served during the year and up to the date of signature of the financial statements were:
H C Mervis
M Rushton-Turner
J D Pury
R Knowles
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THE DANIEL MERVIS CHARITY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
The initial trustees came together to establish the charity and have the power to appoint further trustees if considered appropriate.
All trustees received induction training on their responsibilities and the operations of a charitable institution and continue to receive relevant training.
The trustees' report was approved by the Board of Trustees.
H C Mervis
Trustee
Dated: 25 January 2025
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THE DANIEL MERVIS CHARITY
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE DANIEL MERVIS CHARITY FOR THE YEAR ENDED 30 JUNE 2024
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of THE DANIEL MERVIS CHARITY for the year ended 30 June 2024, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of THE DANIEL MERVIS CHARITY and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE DANIEL MERVIS CHARITY and the charity's Trustees as a body, for our work or for this report.
It is your duty to ensure that THE DANIEL MERVIS CHARITY has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of THE DANIEL MERVIS CHARITY. You consider that THE DANIEL MERVIS CHARITY is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of THE DANIEL MERVIS CHARITY. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
K&S Professionals Limited
25 January 2025
Chartered Certified Accountants
41 Rivington Crescent Mill Hill London NW7 2LF
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THE DANIEL MERVIS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024
| Unrestricted | ||
|---|---|---|
| funds | ||
| 2024 | ||
| Notes | £ | |
| Income from: | ||
| Donations and legacies | 3 | 6,375 |
| Expenditure on: | ||
| Charitable activities | 4 | 0 |
| Net income for the year/ Net movement in funds |
6,375 | |
| Fund balances at 30 June | 6,375 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE DANIEL MERVIS CHARITY
BALANCE SHEET
AS AT 30 JUNE 2024
| AS AT 30 JUNE 2024 | ||||
|---|---|---|---|---|
| Notes Current assets Cash at bank and in hand Other debtors |
2024 £ £ |
2024 £ 5,100 1,275 |
£ | |
| Net current assets | 6,375 | |||
| Income funds Unrestricted funds |
6,375 | |||
| 6,375 | ||||
| The financial statements were approved by the Trustees on | 25 January 2025. | |||
| Mr H C Mervis | ||||
| Trustee |
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THE DANIEL MERVIS CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies
Charity information
The Daniel Mervis Charity is a CIO.
1.1 Accounting convention
The accounts have been prepared in accordance 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)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
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.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
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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THE DANIEL MERVIS CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party.
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 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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THE DANIEL MERVIS CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
| 3 | Donations and legacies | Unrestricted |
|---|---|---|
| funds | ||
| 2024 | ||
| £ | ||
| Donations and gifts | 6,375 | |
| ______ |
4 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
5 Employees
There were no employees during the year.
6 Related party transactions
There were no disclosable related party transactions during the year.
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