## **Fawcett Charity**
## **Report and Accounts**
**5 April 2024**
**Charity registration number 236896**
## **Fawcett Charity Report and Accounts**
|**Contents**|**Page**|
|---|---|
|Legal and Administrative Information|1|
|Trustees' Report|2|
|Independent Examiners' Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Statement of cash flows|6|
|Notes to the Accounts|7|
## **Fawcett Charity Legal and Administrative Information**
**TRUSTEES** C A S Fawcett X A Rehman-Fawcett J P Tunnicliffe **ADDRESS** Hildersham Hall Hildersham Cambridge CB21 6BU **CHARITY REGISTRATION NUMBER** 236896 **INDEPENDENT EXAMINERS** J I Borucki FCA Borucki & Co 42 Radnor Road Harrow HA1 1RZ **PRINCIPAL BANKERS** Lloyds Bank plc 70-71 Cheapside London EC2V 6EN
1
**Fawcett Charity Trustees' Report**
The trustees present their report and accounts for the year ended 5 April 2024.
## **Introduction**
The Charity is governed by a trust deed dated 28 July 1964 and is registered with the Charity Commission, Charity Registration No 236896.
## **Objectives**
The objective of the Charity is to apply or transfer all or part of the capital or income for any person or body incorporate or corporate which is for the time being charitable by the Law of England. If the trustees fail to exercise their power of appointment so that any sums or assets remain unappointed which should have been appointed or distributed then such sums or assets shall vest in the Society of Jesus of 114 Mount Street, London W1 for its charitable purposes.
## **Organisation of the Charity**
The Charity is run by the trustees.
## **Review of the Year**
During the year the Charity made donations of £24,700 (2023- £29,900).
Investment income continues to provide a good income.
## **Financial position of the Charity**
The Charity's financial position is shown by the balance sheet on page 5 of the accounts and is considered satisfactory by the trustees.
## **Trustees**
The trustees who served in the year are listed on the Legal and Administrative Information page.
## **Reserves Policy**
The trustees' policy is to maintain reserves at a level to gradually increase funds available for investment to provide income to sustain and increase donations by the trust.
## **Public benefit**
The trustees have consulted the guidance made available by the Charity Commission for England and Wales on the Public Benefit requirement of the Charities Act.
The trustees are confident that they have complied with their duty under the Charities Act 2011 in that they have had due regard to public benefit guidance published by the Commission.
## **Risk**
Because of the nature and activities of the charity the trustees do not consider it to be exposed to any non financial risks. The trustees monitor the finances of the charity and are satisfied that income will continue to meet their requirements.
## **Statement of Trustees' Responsibilities**
Under charity law, the trustees are responsible for preparing the Trustees' Annual Report and the financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the excess of income over expenditure for that period.
In preparing these financial statements, generally accepted accounting practice entails that the trustees:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether the recommendations of the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements;
- state whether the statements comply with the trust deed, subject to any material departures disclosed and explained in the financial statements;
- prepare financial statements on the going concern basis unless it is inappropriate to presume the charity will continue its activities.
The trustees are required to act in accordance with the trust deed of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
Approved by the Trustees on 1 December 2024 and signed on their behalf by:
J P Tunnicliffe Trustee
2
## **Fawcett Charity Independent Examiners' Report**
## **Report of the Independent Examiner**
## **to the Trustees of Fawcett Charity**
I report on the accounts of the Charity for the year ended 5 April 2024 which are set out on pages 4 to 8 appended to this report.
## **Respective responsibilities of trustees and examiners**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
• examine the accounts under section 145 of the 2011 Act;
• to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5) of the 2011 Act; and
• to state whether particular matters have come to my attention.
## **Basis of independent examiners' statement**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiners' statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
• to keep accounting records in accordance with section 130 of the 2011 Act; and
• to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J I Borucki FCA Borucki & Co Chartered Accountants 42 Radnor Road Harrow HA1 1RZ
Signed on 1 December 2024
3
## **Fawcett Charity Statement of Financial Activities for the year ended 5 April 2024**
|**Income and Expenditure**
**Notes**
**Income**
**Voluntary income**
Donation
**Investment income**
Dividends received
Bank interest
**Total income**
**Expenditure**
**Cost of generating funds**
Investment managers fees
**Charitable activities**
Donations
2
Legal and professional fees
Independent examiner's fee
Bank charges
**Total expenditure**
Net gains (losses) on investments
3
**Net income (expenditure)**
Fund balance brought forward at
6 April 2023
**Fund balance carried forward at**
**5 April 2024**|**2024**|**2023**|
|---|---|---|
||**£**
-
30,745
151|**£**
-
25,592
132|
||30,896|25,724|
||134
24,700
117
650
70|120
29,900
78
675
82|
||25,671|30,855|
||62,131|(100,404)|
||67,356
1,133,983|(105,535)
1,239,518|
||1,201,339|1,133,983|
4
## **Fawcett Charity Balance Sheet as at 5 April 2024**
|**Notes**
**Fixed assets**
Investments
3
**Current assets**
Cash at bank
**Creditors: amounts falling due**
**within one year**
Sundry creditors
Accruals
**Net current assets**
**Total assets less current liabilities**
**Fund**
**Unrestricted:**
Balance at 6 April 2023
(Deficit) Surplus for the year
Balance at 5 April 2024|108,538|**2024**
**£**
1,095,568
1,095,568
105,771
1,201,339
1,133,983
67,356
1,201,339|105,709|**2023**
**£**
1,031,021|
|---|---|---|---|---|
|||||1,031,021
102,962|
||108,538
2,036
731||105,709
2,036
711||
||2,767||2,747||
||||||
|||||1,133,983|
|||||1,239,518
(105,535)|
|||||1,133,983|
Approved by the Trustees on 1 December 2024 and signed on their behalf by:
J P Tunnicliffe Trustee
5
## **Fawcett Charity Statement of cash flows for the year ended 5 April 2024**
|**Note**
**2024**
**£**
Cash generated in operating activities
A
(25,651)
Cash flows from investing activities
Investment income
30,896
Cash provided (used) in investing activities
30,896
Increase in cash and cash equivalents in year
5,245
**Movement in year**
(Decrease) increase in cash at bank and in hand
2,829
(Decrease) increase in cash held by investment managers for re-investment
2,416
5,245
**A.Reconciliation of net movement in funds to net cash flow from operating activities**
**2024**
**£**
Net income (expenditure)
67,356
Deduct investment income
(30,896)
Add/(deduct) net movement on investments.
(62,131)
Increase (decrease) in accruals
20
(25,651)|**2023**
**£**
(30,780)|
|---|---|
||25,724|
||25,724|
||(5,056)|
||(5,475)
419|
||(5,056)|
||**2023**
**£**
(105,535)
(25,724)
100,404
75|
||(30,780)|
6
**Fawcett Charity Notes to the Accounts for the year ended 5 April 2024**
## **1 Accounting policies Accounting convention**
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
## **Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when the Trust has been notified in writing of both the amount and settlement date. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **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 settlement will be required and the amount of the obligation can be measured reliably.
Expenditure on charitable activities comprises direct expenses incurred on the defined charitable purposes of the charity and includes staff costs attributable to the activity.
As all expenditure can be attributed to specific categories no apportionment between heading has been necessary. Irrecoverable VAT is included in the items of expenditure to which it relates.
## **Investments**
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Trust does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
7
**Fawcett Charity Notes to the Accounts for the year ended 5 April 2024**
## **2 Donations**
|**Charity**
Autistica
Barkway C of E Church
British Moroccan Society
CAFOD Gaza Appeal
St. Cecilia
St. Columban Society
DEC Ukrain appeal
St. Francis Leprosy
Leys School
Little Sisters of the Poor
Malaria Consortium
Perse School
Primary Latin Project
Sisters of Charity of St Vincent de Paul
Society of Jesus
St Thomas's Royston
Total
**3**
**Fixed asset investments**
Market value at 6 April 2023
Additions at cost
Proceeds of disposals
Net movement on investments
Market value at 5 April 2024
Cash held by investment managers
Historic cost at 5 April 2024|**2024**
**£**
1,000
3,000
-
2,000
700
1,600
-
1,000
-
3,500
-
-
600
2,500
6,800
2,000
24,700
**2024**
**£**
929,305
-
-
62,131
991,436
104,132
1,095,568
457,238|**2023**
**£**
1,000
3,000
1,500
-
-
1,600
5,000
1,000
1,000
3,500
2,000
1,000
-
2,500
6,800
-|
|---|---|---|
|||29,900|
|||**2023**
**£**
1,029,709
-
-
(100,404)|
|||929,305
101,716|
|||1,031,021|
|||457,238|
8