The William Keown Trust Statement of Financial Acti￿tieS For the year ended 31 December 2018 unrestlirt￿ Restricted Tot21 fund5 Totsl fi￿dS Funds Funds 2018 2017 Notes Incomin Incoming resources from generated fillids Grants & DonatiQDS Activities in fiuth¢ranc¢ of th¢ charity's objects Activities for geneTatmg fiujds Investment irtcon Trtal incoming raourc resources 6,739 1.145 6.739 1,145 21.689 -24 950 18 78 78 Resources ex ended on: Chan'table Activities Tth41 resources eypended Net movement in fillKIs Recomciliation of Funds Tolal funds briwgbt fonvard Tolal carried forward 27J38 27 -18916 27J38 27 -18.916 31.058 -8.425 42,470 23&54 42.470 23J54 50,895 42,470 The above amounts relate t() continuing wrat1(￿S of the cbarity. Total re¢ognised gains and losses The company has no Tecogms¢d gain5 or losses (Ahcr than those Includ￿ a￿ve and therefore no separate siaiement of trrtal recognised gau￿ or10sses b¢¢n presented. The￿ is no dfftrenet bgtweth the retained Surplus for the year stat￿1 above and its htstorical cost equiV￿cnt Tht atcompanying notes are an Integr￿ part of this income and expenditure Account. The William Keown Trust BALANCE SHEET As at 31 December 2018 2018 2017 Fixed assets T0￿gible assets 71x1 875 io Current 9$ Stock DebtQTS C&sh at bank & in band Total Current assets i¢J) 91 28,270 48,565 Liabilities Cr¢dttors'. Amwts fallmg due 12 Net current assets Net Assets The funds of the charty. General funds Designated funds Restricted fund5 3.S54 20.(IJO 12.470 30,000 15 Tot41 fund5 For the year ended 31 December 2018. the company was entitled to exemption from the requsTement to obtain an audit under s477 of the CompaniesAct 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with s476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts were approved on l April 2019 and signed on their behalf. by OLIVE FULTON Director 01-Apr-19 The Williwn Keown Trnst FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 De¢ember 2018 Th¢ accompanying notes are an inte8ral part of these financ￿1 stst¢m¢nts. The William Keown Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2018 Notes to the ffinAnci￿ ststements for the year ended 31 December 2018 The Trust is an incorporated company limited by giwantr with charitable status. PRINCIPLE ACCOUNTING POLICIES The following accounting policies h&ve been applied consistently in dealing wth it¢ms whith are consithrd material in relation io the company's financial sta*m¢nts. a) Basis of prepar¥lion Thc accounts have been preparAI on an acc￿￿$ b&sis and include income and expenditure as they are eamed or incurred. The tccommcndatsons of SORP {AccountrE and R¢portmg by Charitics) and Financial Reporting Standard have been followed in the pteparthon of these acwunts. The acc(Mmts comply with th¢ compa￿ Act 2006. b) Incoming resourees Grants that relate to specific capitaj expenditure are treated as TestT1c￿d incA)me which is creth"t¢d to the Ststement of Financial Artivities when receivedlrec¢ivabl¢. Revenue grants are credited to the Statwent of Acti￿]eS in acKordance with the tums of th¢ grdlIt. Donati(ms are included ID the S￿eMent of Flnanuai Actsvities wheu rcceivabl¢. Bank interest is accounted for on the basis of the amounts r¢c¢ivabl¢. c) Resources expended Expenditure is recognised once there is a le8al or ¢(￿ctive obligation to transfer e¢oTr)mi benefit to a third party. it is probable that a transftr of ewnomic benefits will be required tn settlement and the amount of the obligatson be mtasured reliably. Expenth"ture 15 classified by activity. The costs of each activity made up of the total of direct costs and shared costs including support c4)sts. d) Fixed assets Fix¢d assets are stated at cost less ac¢umulatsJ depr￿latiott. Ituns costyng less than £200 are not capitaiised. D￿recIatIon is pr￿ided at rates calculated to write off the cosL less a￿uMulated residual value. of eath asset over its eStUn￿ useful lif¢ as follows.. Plant & Equipment 250A per annum io The William Keown Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2018 Notes to the financial statements for the year ended 31 Ikcember 2018 e) Funds Structure The company has various types of funds for which it is responsible and which require separate disclosure. These are as follows" Rastrictedfunds Income Teceivable which is earnlarked by the donor for specific purposes Such purposes are within the overall aim5 Of the organisation. Designatedfunds The company may at its discretion set aside unrestricted funds for specific purposes which would otherwise forni part of the general reseNe of ihe Company. The designated fjjnds were available to spend as at 31 December 2018 as explained at note 5. Unrestri¢ted/Genernlfunds Funds which are expendable at the discretion of the cornpany in furtherance of the cljarity. In addition funds may be held in order to finance capital investment and working capital. The William Keojvn Trust Notes to the finxncial statemtmts for the year ended 31 December 2018 INCOMINC RESOURCES Uttrtstrieted Restricted Total Funds FuDd5 Funds 2018 2017 Generated Funds Grants & Donalions Flag Days Donations & Sponsorslll'p Collection boxes 7.239 14.450 6.689 Incoming Resourcesfrom operalinz acltvilies Activities in furtherance of the charity's objects Access Statemcnts Oth¢r 1145 1,145 -24 -24 Activities for generating fiuxts Advertismg Sundry 950 460 950 Jnvutmenl incon Bank intsrest 78 78 18 TotalIncomtng Resourc Donations & Sponsorship The Trust appreciates all donatsoDS. Thos¢ donations of £3(M) al￿ over are listed below: 2018 Ardbarron Trust CES Quarry Products TBF&KL Thompson T￿st 500 1.5(X) 12 The William Keown Trnst Notes to the financial statements for the year ended 31 Dectmber 2018 4. RESOURCLS EXPENDED Unrestrieted Restricted Total Funds Totsl Funds FuDd3 Funds 2018 20E7 Direct Cosls Salaries Travelling & subsisten Printing & Leasing Office Costs ' Advertising Access Achievement Functions . Depreciation & Loss on sale of assets 12,675 12.675 12.790 838 3.956 696 2.854 789 139 2,195 2J42 2,854 789 139 2,195 2J42 2.536 2.690 644 219 175 175 TOTAL Unrestricted Restricted Totsl Fund5 Total Funds Fuvds Fund5 2018 2017 Govern¢7nce & 3ypporl costs 3,928 859 3.928 859 3.916 806 80 1.700 187 Insurance Repairs & maintenance Sundry Bank charges & inter¢sl Leasing 1250 132 132 TOTAL 13 The William Keown Trust Notes to the financial $latements for the year ended 31 December 2018 S. MOVEMENT OF FUNDS Funds Balance blf Net movemcnt to 31112r2018 Transfer Balanc¢ df Desi￿t￿l Funds Balance blf Transfer Balance df 30,0( The Trust does not receive centsal government core fiujding and would therefore aim. in the interest of prudenc£, to curtail expendi￿re so that recurr&nE financial rA)mn￿g￿¢nts and wsts wi be m¢t for a year. In designating funds in this way, the Trust is able to reassure its bankers on ￿Curity. and th¢ pubb"c (rftbe I￿11]ty and SUstai￿bIllty of service and commit￿t wtthcwt concern of iDtemiptKqI of its objertive. 6. TAXATION No tsxation charge arises as the Tn￿t is a rc8iSter¢d dw. 14 The William Keown Trusl Notes to the financigj statements for the yeAr ended 31 December 2018 7. EMPLOYEE INFORMATION The average number of peTSOn5 {includu￿ diTei*ots) Mwloyed thiring the y¢ar wa5.. 2018 2017 Directors Managerial. administration attd childcare The aggregate payroll costs of these persons wue as foiiows.. 2018 2017 Wa8¢s arnl satarics s￿la1 security costs 12.675 12,790 All cmploye£s spend time pursuing the dwitable objects of tk ¢barity together with fund.rdising and admil￿SIratIO￿. Pa￿￿ents to directors in 2018 were £165 (2017 £422). The Trnst head quarters are in premises 0￿ed by and rentrd from Mrs KeA)wn for an amount not cx c