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.