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REGISTERED COMPANY NUMBER: NI617725 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC102130
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017 FOR
THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
M.B.McGrady & Co Chartered Accountants 85 University Street Belfast Co. Antrim BT7 1HP
THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017
| Page | |
|---|---|
| Reference and Administrative Details | |
| Report of the Trustees | 2 |
| Independent Examiner's Report | 3 |
| Statement ofFinancial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
| DetailedStatementofFinancialActivities | 10 |
THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2017
TRUSTEES M Hoey (Director) T Hoey (Director) REGISTERED OFFICE 86 Palmerston Road Sydenham Belfast Co. Antrim BT4 1QD REGISTERED COMPANY NUMBER — NI617725 (Northern Ireland) REGISTERED CHARITY NUMBER NIC102130
INDEPENDENT EXAMINER M.B.McGrady & Co Chartered Accountants 85 University Street Belfast Co. Antrim BT7 1HP
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THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2017
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2017. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aim of the charity is to be a centre ofsupport, advice & help for children,adults and their families who have been diagnosed with a rare disease or an ultra rare disease. The future of the Foundation includes a dedicated team of volunteers, counsellor’s & medical staff. Their aims are high and with the help of funding and sponsorship and fundraising they hope to buy a large house that they can turn into a home from home, a place where the parents can bring their children to and a place of sanctuary for patients with special needs, also a home where the whole family can go_ to for support and understanding and with your help they can make this happen.
FINANCIAL REVIEW
The results for the year and the Charity's end of year position are shown in the attached accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
The board of Trustees administers and holds the legal responsibility for the good management of the company.
Approved by order of the board of trustees on 20 June 2018 and signed on its behalf by:
T Hoey - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
I report on the accounts of the company for the year ended 31 August 2017, which are set out on pages four to nine.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to:
-
examine the accounts under section 65 of the Charities Act
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- follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
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state whether particular matters have come to my attention.
Basis of the independent examiner's report
| have examined your charity accounts as required under section 65 of the Charities Act and my examination was. carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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lis That accounting records were not kept in accordance with section 386 of theCompanies Act 2006 2. That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
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4, That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention.
Seamus McLernon FCA
M.B.McGrady & Co
Chartered Accountants
85 University Street
Belfast
Co. Antrim BT7 |HP
20 June 2018
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THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2017
| 2017 | 2016 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 12,975 | 10,888 | |
| Investment income | 2 | - | |
| Total | 12,975 | 10,889 | |
| EXPENDITURE ON | |||
| Raising funds | 3 | 8,294 | 8,717 |
| NET INCOME | 4,681 | 2,172 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 1,598 | (S74) | |
| TOTALFUNDSCARRIEDFORWARD | 6,279 | 1,598 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
BALANCE SHEET AT 31 AUGUST 2017
| 2017 | 2016 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 7 | 7,090 | 25209 |
| CREDITORS | |||
| Amounts falling due within one year | 8 | (811) | (661) |
| NET CURRENT ASSETS/(LIABILITIES) | (811) | (661) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 6,279 | 1,598 | |
| NET ASSETS | 6,279 | 1,598 | |
| FUNDS | 10 | ||
| Unrestricted funds | 6,279 | 1,598 | |
| TOTALFUNDS | 6,279 | 1,598 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of theCompanies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of[the][state][of][affairs][of][the][charitable][company] as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of theCompanies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board ofTrustees on 20 June 2018 and were signed on its behalf by:
T Hoey -Trustee
The notes form part of these financial statements
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THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2015)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 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 a transfer of economic benefits will be required in settlement and the amount ofthe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of[the][trustees.]
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of[the][nature][and][purpose][of][ each][fund][is][included][in][the][notes][to][the][financial][statements.]
- INVESTMENT INCOME
3:
| 2017 | 2016 | |
|---|---|---|
| £ | £ | |
| Interest receivable | - | |
| RAISING FUNDS | ||
| Raising donations and legacies | ||
| 2017 | 2016 | |
| = | £ | |
| Supportcosts | 8,294 | 8,717 |
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THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2017
4, NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Depreciation | - | owned | assets | 929 | 130 |
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 August 2017 nor for the year ended 31 August 2016.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 August 2017 nor for the year ended 31 August 2016.
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 10,888 |
| Investment income | |
| Total | 10,889 |
| EXPENDITURE ON | |
| Raising funds | 8,717 |
| Total | 8,717 |
| NET INCOME | 2172 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | (574) |
| TOTALFUNDSCARRIEDFORWARD | 1,598 |
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THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2017
| Ts | TANGIBLE FIXED ASSETS | |||||||
|---|---|---|---|---|---|---|---|---|
| Office | Fixtures and | Motor | Computer | |||||
| Building | fittings | vehicles | equipment | Totals | ||||
| £ | £ | £ | £ | £ | ||||
| COST | ||||||||
| At |
September 2016 | 1,869 | 382 | - | 268 | |||
| Additions | 1,765 | - | 3,995 | - | 5,760 | |||
| At 31 August 2017 | 3,634 | 382 | 3,995 | 268 | 8,279 | |||
| DEPRECIATION | ||||||||
| At |
September 2016 | - | 153 | - | 107 | |||
| Charge for year | - | - | 799 | 130 | 929 | |||
| At 31 August 2017 | - | 153 | 799 | 237 | 1,189 | |||
| NET BOOK VALUE | ||||||||
| At 31 August 2017 | 3,634 | 229 | 3,196 | |||||
| At 31 August 2016 | 1,869 | 229 | - | 161 | 25259 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE | YEAR | |||||
| 2017 | 2016 | |||||||
| Bank loans and overdrafts (see note 9) | 91 | |||||||
| Accountancy | 720 | 660 | ||||||
| 811 | 661 | |||||||
| 9. | LOANS | |||||||
| An analysis of the maturity ofloans is | given below: | |||||||
| 2017 | 2016 | |||||||
| £ | £ | |||||||
| Amounts falling due within one year on demand: | ||||||||
| Bank overdraft | 9] | |||||||
| 10. | MOVEMENT IN FUNDS | |||||||
| Net | ||||||||
| movement in | ||||||||
| At | 1/9/16 | funds | At 31/8/17 | |||||
| £ | £ | £ | ||||||
| Unrestricted funds | ||||||||
| General fund | 1,598 | 4,681 | 6,279 | |||||
| TOTALFUNDS | 1,598 | 4,681 | 6,279 |
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THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2017
10. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 12,975 | (8,294) | 4,681 |
| TOTAL FUNDS | 12,975 | (8,294) | 4,681 |
| Comparatives for movement in funds | |||
| Net | |||
| movement in | |||
| At 1/9/15 | funds | At 31/8/16 | |
| £ | £ | £ | |
| Unrestricted Funds | |||
| General fund | (574) | 2,172 | 1,598 |
| TOTAL FUNDS | (574) | 2,172 | 1,598 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,889 | (8,717) | 2,172 |
| TOTALFUNDS | 10,889 | (8,717) | 2,172 |
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2017.
- VOLUNTARY INCOME
Voluntary Income includes £ 11,044 received from the trustees, Terry and Maureen Hoey, to cover expenditure incurred by the charity.
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THE ULTRA RARE DISEASES, DISORDERS AND DISABILITIES FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2017
| 2017 | 2016 | |
|---|---|---|
| £ | & | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 12,975 | 10,888 |
| Investment income | ||
| Interest receivable | - | |
| Total incoming resources | 12,975 | 10,889 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Insurance | 80 | 235 |
| Motor | 299 | 216 |
| Telephone | 220 | 1,430 |
| Postage and stationery | 444 | 1,048 |
| Advertising | 228 | 1,535 |
| Sundries | 360 | 31 |
| Office & computer | 4,236 | 3,191 |
| Membership fees | 690 | 192 |
| . 6,557 |
7,878 | |
| Finance | ||
| Bank charges | 114 | ● 326 |
| Fixtures and fittings | 76 | 76 |
| Motor vehicles | 799 | - |
| Computer equipment | 54 | 54 |
| 1,043 | 4 456 |
|
| Governance costs | ||
| Accountancy and legal fees | 694 | 383 |
| Total resources expended | 8,294 | 8,717 |
| Netincome | 4,681 | 2,172 |
This page does not form part of the statutory financial statements
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