2024-04-05-accounts - Pride Of Britain Fund

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ annual report (including Directors’ report) for the period

From: 6 April 2023

To: 5 April 2024

Charity name: Pride of Britain Fund

Charity registration number: 258111

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The purposes of the Pride of Britain Fund (“The Charity”) is to advance such charitable purposes (according to the law of England and Wales) as the Trustees see fit from time to time, by making grants to individuals and organisations.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The Charity raises income from donations. For the year ended 5thApril 2024, donations amounting to £21,333 were received. These donations are used to provide grants to individuals and organisations. A donation of £5,000 was made to the Scotty’s Little Soldiers charity on 28 December 2023.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have regard to the guidance issued by the Charity Commission on public benefit. The Charity Funds are used to provide grants as set out in the governing document of the Charity.
Achievements and performance
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	For the year ended 5thApril 2024, donations amounting to £21,333 were received. Total unrestricted funds which the Trustees can use to make grants in accordance with the Purposes of the Charity as outlined in its governing document increased to £421,179 at 5thApril 2024.

Financial review

Financial review
Review of the charity’s financial position at the end of the period	Para 1.21	The Charity unrestricted funds increased to £421,179 at 5thApril 2024 (£397,523 at 5thApril 2023). These funds are held as Cash at Bank and in Hand.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held by the Charity in order to be able to provide donations in accordance with its governing document and in order for it to continue as a going concern. Reserves have increased in the year from £397,523 (5thApril 2032) to £421,179 (5th April 2023) due to donations of £21,333. Total charitable income was £28,656 for the year ending 5thApril 2024 (including interest), compared to £111,820 for the year ending 5th April 2023.

		Due to the increase in reserves in the year, the Trustees are reviewing the level of donations that can be made in the future while also maintaining the financial position and going concern of the Charity.
Amount of reserves held	Para 1.22	£421,179 of reserves currently held.
Reasons for holding zero reserves	Para 1.22	See above.
Details of fund materially in deficit	Para 1.24	See above.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	Given the level of reserves totalling £421,179 at 5th April 2024, there are no uncertainties about the charity continuing as a going concern.

Structure, governance and management

Description of charity’s trusts:
Type of governing document: for example,trust deed, memorandum and articles of association etc	Para 1.25	Trust Deed 10thDecember 1968, amended on 11th July 2019 as amended on 7thDecember 2023.
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	Charity is an unincorporated association.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Individuals are appointed as Trustees with regard to the knowledge and experience needed for the effective administration of the Charity. There must be at least 4 Trustees.

Reference and administrative details

Charity name	Pride of Britain Fund
Other name the charity uses	Not applicable
Registered charity number	258111
Charity’s principal address	One Canada Square, Canary Wharf, London E14 5AP

Names of the charity trustees who manage the charity

Trustee name	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee
Michelle Linaker
Darren Fisher	Appointed 20 April 2023	Approval of Trustees
James Guy	Appointed 20 April 2023	Approval of Trustees
Mark Walsh	Appointed 7 December 2023	Approval of Trustees
Simon Fuller	Resigned 20 April 2023	Approval of Trustees
Neil McEwan	Resigned 20 April 2023	Approval of Trustees
Lloyd Embley	Resigned 19 July 2023	Approval of Trustees

– Corporate trustees names of the directors at the date the report was approved

Director name Not applicable

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
Not applicable

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	Not applicable
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	Not applicable
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	Not applicable

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Not applicable

Other optional information

Not applicable

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s) Full name(s) Robert James Guy Position Trustee Date 24/01/2025

Pride of Britain Fund	Pride of Britain Fund	258111
Annual accounts for theperiod
Period start date	06-Apr-23	To	05-Apr-24

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
21,333	-	-	21,333	109,954
-	-	-	-	-
-	-	-	-	-
7,323	-	-	7,323	1,866
-	-	-	-	-
-	-	-	-	-
28,656	-	-	28,656	111,820

-	-	-	-	-
5,000	-	-	5,000	-
-	-	-	-	-
-	-	-	-	-
5,000	-	-	5,000	-

23,656	-	-	23,656	111,820
-	-	-	-	-
23,656	-	-	23,656	111,820
-	-	-	-	-
23,656	-	-	23,656	111,820
-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
23,656	-	-	23,656	111,820

397,523	-	-	397,523	285,703
421,179	-	-	421,179	397,523

Section B Balance sheet

Section B Balance sheet
Guidance Note Fixed assets Intangible assets B01 Tangible assets B02 Heritage assets B03 Investments B04 *Total fixed assets* B05 Current assets Stocks B06 Debtors B07 Investments B08 Cash at bank and in hand (Note 15) B09 *Total current assets* B10 Creditors: amounts falling due within one year B11 *Net current assets/(liabilities)* B12 *Total assets less current liabilities* B13 Creditors: amounts falling due after one year B14 Provisions for liabilities B15 *Total net assets or liabilities* B16 Funds of the Charity Endowment funds B17 Restricted income funds B18 Unrestricted funds B19 Revaluation reserve B20 Fair value reserve B21 *Total funds* B22	Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04		Total last year £ F05
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	421,179	-	-	421,179	397,523
	421,179	-	-	421,179	397,523

	-	-	-	-	-

	421,179	-	-	421,179	397,523

	421,179	-	-	421,179	397,523

	-	-	-	-	-
	-	-	-	-	-

	421,179	-	-	421,179	397,523

	-			-	-
		-		-	-
	421,179		-	421,179	397,523
				-	-
					-
	421,179	-	-	421,179	397,523

Signed by one or two trustees on behalf of all the trustees

Signature	Print Name	Date of approval dd/mm/yyyy
	R J Guy	24/01/2025

CC17a (Excel)

20/01/2025

Section C

Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These 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 accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities
• and with*  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 with*  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*



-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support The charity has unrestricted funds of £421,179 as at 5 April 2024. the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the Not applicable. going concern assumption doubtful; Where accounts are not prepared on a going Not applicable. concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

note { }.
Yes No		* -Tick as appropriate

Please disclose:

*Please disclose:*
*(i) the nature of the change in accounting policy;*	Not applicable.
*(ii) the reasons why applying the new accounting policy* *provides more reliable and more relevant information;* *and*	Not applicable.

CC17a (Excel)

20/01/2025

(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS102 SORP. Not applicable.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes  * -Tick as appropriate No

Please disclose:

(i) the nature of any changes; Not applicable. (ii) the effect of the change on income and expense or Not applicable. assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods. Not applicable.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

Yes  * -Tick as appropriate No

Please disclose:

*Please disclose:*
*(i) the nature of the prior period error;*	Not applicable.
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*	Not applicable.
*(iii) the amount of the correction at the beginning of the* *earliest prior period presented in the accounts.*	Not applicable.

CC17a (Excel)

20/01/2025

Section C Notes to the accounts

(cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

PRACTICE
Please provide a description
of the nature of each change	No Changes
in accounting policy
*Reconciliation of funds per previous GAAP to*		*funds determined under FRS 102*
	Start of	End of
	period	period
	£	£
Fund balances as previously stated	*397,523*	*421,179*
*Adjustments:*	0	0
Fund balance as restated	*397,523*	*421,179*
*Reconciliation of net income/(net expenditure)*		*per previous GAAP to net income/(net expenditure) under FRS*
*102*
		End of
		period
		£
Net income/(expenditure) as previously stated		*111,820*
*Adjustments:*		0
Previous period net income/(expenditure) as restated		*111,820*

CC17a (Excel)

20/01/2025

Section C Notes to the accounts	(cont)	(cont)
Recognition of income Contractual income and performance related grants Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. 2.2 INCOME Donated goods In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. These are included in the Statement of Financial Activities (SoFA) when:  the charity becomes entitled to the resources;  it is more likely than not that the trustees will receive the resources;  the monetary value can be measured with sufficient reliability. The charity has incurred expenditure on support costs. This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Offsetting Grants and donations Note 2 Accounting policies Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Volunteer help The value of any voluntary help received is not included in the accounts but is described Donated services and facilities Support costs Government grants The charity has received government grants in the reporting period Legacies Tax reclaims on donations and gifts Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.	Yes No N/a*
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CC17 FRS 102 SORP

20/01/2025

Volunteer help y y p in the trustees’ annual report.

Grants with performance conditions 2.4 ASSETS The charity has creditors which are measured at settlement amounts less any trade discounts These are capitalised if they can be used for more than one year, and cost at least Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Investment gains and losses Heritage assets Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Income from interest, royalties and dividends Governance and support costs Creditors Redundancy cost The charity made no redundancy payments during the reporting period. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Income from membership subscriptions Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. 2.3 EXPENDITURE AND LIABILITIES Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Settlement of insurance claims This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Deferred income No material item of deferred income has been included in the accounts. Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The depreciation rates and methods used are disclosed in note 14. Intangible fixed assets The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. They are valued at cost. They are valued at cost. Tangible fixed assets for use by charity Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Grants payable without performance conditions Volunteer help in the trustees’ annual report. They are valued at cost. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.			
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CC17 FRS 102 SORP

20/01/2025

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Investments

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

progress

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Debtors

The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

Current asset investments

They are valued at fair value except where they qualify as basic financial instruments.

Yes No N/a*	Yes No N/a*	Yes No N/a*
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CC17 FRS 102 SORP

20/01/2025

Section C

Notes to the accounts (cont)

Note 3 Income

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations andgifts 21,333 - - 21,333 109,954 Gift Aid - - - - - Legacies - - - - - General grants provided by government/other charities - - - - - Membership subscriptions and sponsorships which are in substance donations - - - - - Donatedgoods,facilities and services - - - - - Other - - - - - Total 21,333 - - 21,333 109,954 - - - - - - - - - - - - - - - Other - - - - - Total - - - - - - - - - - - - - - - - - - - - Other - - - - - Total - - - - - Interest income 7,323 - - 7,323 1,866 Dividend income - - - - - Rental and leasingincome - - - - - Other - - - - - Total 7,323 - - 7,323 1,866 - - - - - - - - - - - - - - - - - - - - Total - - - - - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held for charity's own use - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - - - - 28,656 - - 28,656 111,820 Other information: Charitable activities: Separate material item of income Other: Income from investments: Other trading activities: TOTAL INCOME Analysis of income Donations and legacies:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income
	Donations andgifts	21,333	-	-	21,333	109,954
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	21,333	-	-	21,333	109,954

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	7,323	-	-	7,323	1,866
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	7,323	-	-	7,323	1,866

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		28,656	-	-	28,656	111,820

All income in the prior year was unrestricted except for: (please provide description and amounts)		Not applicable.
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion. Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.
		Not applicable.

		Not applicable.

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		Current Year: No material amounts. Prior year: Donations of £109,954 relates to a donation from Reach plc.

CC17a (Excel)

20/01/2025

Section C

(cont)

Notes to the accounts

Note 4 Analysis of receipts of government grants

This year £ Description	This year £ Description	This year £ Description
Not applicable.		-
		-
		-
		-
Total Description		-
		Last year £
Not applicable.		-
		-
		-
		-
Total - Thisyear Lastyear		-
Not applicable.	Not applicable.
Thisyear Lastyear
Not applicable.	Not applicable.

CC17a (Excel)

20/01/2025

Section C

(cont)

Notes to the accounts

Thisyear Use of property Other Note 5 Donated goods, facilities and services Seconded staff	Thisyear Use of property Other Note 5 Donated goods, facilities and services Seconded staff	This year Last year £ £	This year Last year £ £
		-	-
		-	-
		-	-
		-	-
		Lastyear
Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.	Not applicable.	Not applicable.
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.
	Not applicable.	Not applicable.

	Not applicable.	Not applicable.

CC17a (Excel)

20/01/2025

Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)
Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ Note 6 Expenditure This year Last year Analysis Expenditure on raising funds:
Incurred seeking donations	-	-	-	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-	-	-	-
Incurred seeking grants	-	-	-	-	-	-	-	-
Operating membership schemes and social lotteries	-	-	-	-	-	-	-	-
Staging fundraising events	-	-	-	-	-	-	-	-
Fudraising agents	-	-	-	-	-	-	-	-
Operating charity shops	-	-	-	-	-	-	-	-
Operating a trading company undertaking non-charitable trading	-	-	-	-	-	-	-	-
Advertising, marketing, direct mail and publicity	-	-	-	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-	-	-	-
Database development costs	-	-	-	-	-	-	-	-
Other trading activities	-	-	-	-	-	-	-	-
Investment management costs:	-	-	-	-	-	-	-	-
Portfolio management costs	-	-	-	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-	-	-	-
Investment administration costs	-	-	-	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on raising funds	-	-	-	-	-	-	-	-
Expenditure on charitable activities:
Donations to charities/causes	5,000	-	-	5,000	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on charitable	5,000	-	-	5,000	-	-	-	-
activities Separate material item of expense
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-
Other
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	-	-	-	-	-	-	-	-
	5,000	-	-	5,000	-	-	-	-

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20/01/2025

Other information:

Analysis of expenditure on charitable activities

	Thisyear	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear	Lastyear
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
Donation to fellow charity	5,000	-	-	5,000	-	-	-	-
Activity2	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-
Total	5,000	-	-	5,000	-	-	-	-

CC17a (Excel)

20/01/2025

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Description	This year Last year £ £	This year Last year £ £
Not applicable.	-	-

	-	-
	-	-
	-	-

	-	-
ms	-	-

CC17a (Excel)

20/01/2025

Notes to the accounts

Section C

(cont)

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

		Amount received	Amount received	Amountpaid out	Amountpaid out	Balance held atperiod end	Balance held atperiod end
Description/name of party	Related party (Yes or No)	Thisyear	Lastyear	Thisyear	Lastyear	Thisyear	Lastyear
		£	£	£	£	£	£
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
Total		-	-	-	-	-	-

8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please disclose details of any balances outstanding between any participating members.

Description/name of party	Balance held atperiod end	Balance held atperiod end
Not applicable.	Thisyear	Lastyear
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

CC17a (Excel)

20/01/2025

Section C Notes to the accounts

(cont)

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

Support cost (examples)	Raising funds	Activity 1	Activity 2	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Not applicable	-	-	-	-	-
Total	-	-	-	-	-

Last year

Support cost (examples)	Raising funds £	Activity 1 £	Activity 2 £	Activity 3 £	Grand total £	Basis of allocation
						(Describe method)
Not applicable	-	-	-	-	-
Total	-	-	-	-	-

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

Not applicable

CC17a (Excel)

20/01/2025

Notes to the accounts

Section C

(cont)

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than independent examination	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

20/01/2025

(cont)

Section C

Notes to the accounts

Note 11 Paid employees

Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)

11.1 Staff Costs

This year: Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party	This year £	Last year £
	-	-
	-	-

	-	-
	-	-

	Not applicable.

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:

Not applicable. Not applicable.

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000	Not applicable.	Not applicable.

Band	Number of employees
	Thisyear	Lastyear
£60,000 to £69,999	-	-
£70,000 to £79,999	-	-
£80,000 to £89,999	-	-
£90,000 to £99,999	-	-
£100,000 to £109,999	-	-

Please provide the total amount paid to key management
	Thisyear	Lastyear
	£	£
	-	-

CC17a (Excel)

20/01/2025

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	-	-
Governance	-	-
Other	-	-
Total	-	-

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

This year	Not applicable.
Last year	Not applicable.

Please state the legal authority or reason for making the payment

This year	Not applicable.
Last year	Not applicable.

Please state the amount of the payment (or value of any waiver of a right to an asset)	Thisyear	Lastyear
	£	£
	-	-

CC17a (Excel)

20/01/2025

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Please state the accounting policy for any redundancy or termination payments Total amount of payment The nature of the payment (cash, asset etc.) The extent of redundancy funding at the balance sheet date	Thisyear	Lastyear
	£	£
	-	-

	Not applicable.	Not applicable.

	Thisyear	Lastyear
	£	£
	-	-

	Not applicable.	Not applicable.

CC17a (Excel)

20/01/2025

Notes to the accounts

Section C

(cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.	Thisyear	Lastyear
	£	£
	-	-

	Not applicable.	Not applicable.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the Not applicable. scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is Not applicable. available about the plan's surplus or deficit and the implications, if any, for the reporting charity this year and last year, if different

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity Not applicable. can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details Provide an explanation of how any Not applicable. liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details

CC17a (Excel)

20/01/2025

Section C

Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
			£	£
Not applicable.	-	-	-	-
*Total*	-	-	-	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

*My charity has made grants to particular institutions that are material in the* *context of its grantmaking. Details of the institution supported, purpose of* *the grant and total paid to each institution is available on the charity's web* *site.*	*Yes*	*Please provide* *details of charity's* *URL.*
	No	*Provide details* *below*

Names of institution	Purpose	Total amount of grants paid £
Not applicable.		-
*TOTAL GRANTS PAID* *Total grants to institutions in reporting period* *Other unanalysed grants*		-
		-
		-

CC17a (Excel)

20/01/2025

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs £	Total £
Not applicable.	-	-	-	-
*Total*	-	-	-	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

13.4 Grants made to institutions	13.4 Grants made to institutions
*My charity has made grants to particular institutions that are material in the* *context of its grantmaking. Details of the institution supported, purpose of* *the grant and total paid to each institution is available on the charity's web* *site.*		*Yes*	*Please provide* *details of charity's* *URL.*
		No	*Provide details* *below*

Names of institution	Purpose		Total amount of grantspaid £
Not applicable.			-
*TOTAL GRANTS PAID* *Total grants to institutions in reporting period* *Other unanalysed grants*			-
			-
			-

CC17a (Excel)

20/01/2025

Section C Notes to the accounts	(cont)	(cont)
Other Short term deposits Cash at bank and on hand Total Note 14 Cash at bank and in hand Short term cash investments (less than 3 months maturity date)
	This year £	Last year £
	-	-
	-	-
	421,179	397,523
	-	-
	421,179	397,523

CC17a (Excel)

20/01/2025

Section C	Notes to the accounts (cont)	Notes to the accounts (cont)
Note 15 Fair value of assets and 15.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 15.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.	liabilities Thisyear Lastyear
	The Charity has £421,179 of cash on hand at 5 April 2024 and does not have any credit risk.	The Charity has £397,523 of cash on hand at 5 April 2023 and does not have any credit risk.

	The Charity has £421,179 of cash on hand at 5 April 2024 and does not have any credit risk.	The Charity has £397,523 of cash on hand at 5 April 2023 and does not have any credit risk.

CC17a (Excel)

20/01/2025

Notes to the accounts

Section C

(cont)

Note 16 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

16.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an TRUE employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£	£	£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

Not applicable.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

If a third party has been reimbursed for providing one or more trustees, state the nature of the payment and amount of the reimbursement.

State the number of trustees to whom retirement benefits are accruing under a defined contribution pension scheme.

Not applicable. Not applicable. Not applicable.

CC17a (Excel)

20/01/2025

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

----- Start of picture text -----
TRUE
----- End of picture text -----

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£		£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Please give details of why remuneration or other Not applicable. employment benefits were paid. Where an ex gratia payment has been made to a trustee, Not applicable. provide an explanation of the nature of the payment. If a third party has been reimbursed for providing one or Not applicable. more trustees, state the nature of the payment and amount of the reimbursement. State the number of trustees to whom retirement benefits Not applicable. are accruing under a defined contribution pension scheme.

16.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)		TRUE

Type of expenses reimbursed	This year	Last year
	£	£
Travel	-	-
Subsistence	-	-
Accommodation	-	-
Other (please specify):	-	-
	-	-
TOTAL	-	-

CC17a (Excel)

20/01/2025

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

Not applicable. Not applicable.

16.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	TRUE

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
			£	£	£	£
			-	-	-	-
			-	-	-	-
			-	-	-	-
			-	-	-	-

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

Not applicable.

For any related party, please provide details of any guarantees given or received.

Not applicable.

Last year

Last year	Last year	Last year	Last year	Last year	Last year
There have been no related party transactions in the reporting period (True or False)						TRUE

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end		Amounts written off during reporting period
			£	£	£		£
			-	-	-		-
			-	-	-		-
			-	-	-		-
			-	-	-		-

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

Not applicable.

For any related party, please provide details of any guarantees given or received.

CC17a (Excel)

20/01/2025

Section C Note 17 Additional Disclosures

Notes to the accounts

(cont)

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

No additional disclosures deemed necessary

CC17a (Excel)

20/01/2025

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Pride of Britain Fund members of

On accounts for the year 5[th] April 2024 Charity no 258111 ended (if any) Set out on pages 1 and 2

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2024.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 20/01/2025

Name: Harry Forman

Relevant professional Chartered Accountant – Institute of Chartered Accountants in England and qualification(s) or body Wales (ICAEW) (if any):

Address:

5 University Road London SW19 2BU

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of There are no matters that are required to be disclosed any items that the examiner wishes to disclose .