AWVS HARDSHIP FUND CIO FINANCIAL STATEMENTS FOR THE 7 MONTH PERIOD TO 30" JUNE 2024
AWVS HARDSHIP FUND CIO
REPORT AND ACCOUNTS
FOR THE 7 MONTH PERIOD TO 30[th] JUNE 2024
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Report of the Trustees | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 4 |
Page 1
AWVS HARDSHIP FUND CIO
LEGAL AND ADMINISTRATIVE INFORMATION
| Charity number | 1206125 |
|---|---|
| Principal and registered office | Wey Valley House |
| Mike Hawthorn Drive | |
| Farnham | |
| Surrey | |
| GU9 7UQ | |
| Bankers | Barclays Bank Plc |
Page 2
AWVS HARDSHIP FUND CIO
REPORT OF THE TRUSTEES
FOR THE 7 MONTH PERIOD TO 30[th] JUNE 2024
Trustees:
Peter Duffy – Chairman
Brian Thomas Gillian Ward
The Trustees submit their report and the accounts for the 7 month period ended 30[th] June 2024
1. PRINCIPAL ACTIVITY AND STATUS
The AWVS Hardship Foundation CIO has not traded, or undertaken any activities, since its registration with the Charity Commission on 8[th] December 2023.
2. RESULTS FOR THE YEAR
The CIO has been dormant for the period ended 30[th] June 2024.
3. RISK ASSESSMENT
The Trustees have the overall responsibility for ensuring that the CIO has appropriate systems of controls, financial and otherwise. The systems of financial controls are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.
The Trustees will continue to monitor risks and set up formal policies as appropriate.
4. STATEMENT OF TRUSTEES’ RESPONSIBILITIES
In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the CIO. It has general responsibility for taking reasonable steps to safeguard the assets of the CIO and to prevent and detect fraud and other irregularities.
As per Charity Commission guidance, there is no need to appoint auditors where a charity’s annual income is under £25,000. Accordingly, the CIO has dispensed with the need to appoint auditors.
Signed on behalf of the Trustees:
Mr B Thomas: Trustee
Dated:…………………….
Page 3
AWVS HARDSHIP FUND CIO
STATEMENT OF FINANCIAL POSITION
FOR THE 7 MONTH PERIOD TO 30[th ] JUNE 2024
| Notes CURRENT ASSETS Cash TOTAL ASSETS LESS LIABILITIES FUNDS Accumulated surplus 2 |
2024 £ 0 _ 0 _ 0 _ 0 _ |
|---|---|
The notes on pages 4 form part of these accounts. As this is the first period of the CIO’s existence, there are no comparatives.
These financial statements were approved and authorised for issue by the Trustees on 24[th] April 2025 and signed on their behalf by:
……………………………… Date: …………………….. Brian Thomas – Trustee
Page 4
AWVS HARDSHIP FUND CIO
NOTES TO THE ACCOUNTS
FOR THE 7 MONTH PERIOD TO 30[th ] JUNE 2024
1. ACCOUNTING POLICIES
The CIO is registered with the Charity Commission and has been dormant since its registration on 8[th] December 2024.
The principal accounting policies of the CIO are as follows:
-
Basis of Accounting
-
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102). The financial statements have been prepared on a going concern basis under the historical cost convention.
-
Donations and Legacies
-
Donations and Legacies are recognised in the Statement of Comprehensive Income when received.
2. ACCUMULATED SURPLUS
2024 £ At 30[th] June 2024 0 __
3. COMMITMENTS
There are no outstanding commitments.
5. PAYMENT TO TRUSTEES
No fee or remuneration was paid to any Trustee of the CIO.
No expenses have been incurred by the 3 trustees, hence no reimbursements.
6. OPERATING SURPLUS
The CIO is dormant and has been since its incorporation.
7. REGULATION
The CIO is regulated by the Charity Commission.