Friends of the Beacon - Charities report - 19.1
Friends of the Beacon - Charities report - 19.1
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2019 |
| for |
| Friends of the Beacon |
| Friends of the Beacon |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Friends of the Beacon |
| Report of the Trustees |
| for the Year Ended 31 March 2019 |
| 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 March 2019. 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 1 January 2015). |
| OBJECTIVES AND ACTIVITIES |
| The short and long-term aim of the charity is to provide finance for the Beacon Specialist Palliative Care Service. |
| The trustees have complied with their duty to have due regard to public benefit guidance published by the Charity |
| Commission. |
| ACHIEVEMENT AND PERFORMANCE |
| In this financial year, the charity was able to raise £1,530 (2018: £6,018) for the Beacon Specialist Palliative Care |
| Service. The charity also received £18,500 (2018: £10,005) in restitution from a responsible official. The charity |
| received no legacies this year (2018: £2,500). |
| The charity's expenditure totalled £66,948 (2018: £46,112), with £65,148 (2018: £42,487) used to directly support the |
| Beacon and £1,800 (2018: £1,800) spent to raise funds through the London Marathon. |
| The charity has 5 "Golden Bond" London Marathon runners each year for which the charity pays £1,800. These are |
| managed for the Friends by Phyllis Tuckwell Hospice Care, who run the Beacon Centre. As a result, the sponsorship |
| money of £14,952 collected from the runners was paid to PTHC. This money has been set aside to be used within the |
| objects of the charity. |
| FINANCIAL REVIEW |
| The results for the year are as set out in the annexed Statement of Financial Activities. |
| FUTURE PLANS |
| In the future the charity plans to continue to carry out its current objects and activities. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its Memorandum & Articles of Association and constitutes a company limited by |
| guarantee, as defined by the Companies Act 1985. |
| Recruitment and appointment of new trustees |
| All trustees are appointed when necessary and are given sufficient training on appointment. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Friends of the Beacon |
| Report of the Trustees |
| for the Year Ended 31 March 2019 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Trustees |
| Company Secretary |
| Independent examiner |
| G Smith |
| New Road |
| Chilworth |
| Guildford |
| Surrey |
| GU4 8LP |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Friends of the Beacon |
| Independent examiner's report to the trustees of Friends of the Beacon ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2019. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its 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 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached |
| G Smith |
| 12, Surrey House |
| New Road |
| Chilworth |
| Guildford |
| Surrey |
| GU4 8LP |
| 13 August 2019 |
| Friends of the Beacon |
| Statement of Financial Activities |
| for the Year Ended 31 March 2019 |
| 31.3.19 | 31.3.18 |
| Unrestricted fund |
Total funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income | 2 |
| Other income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 210,982 |
| Friends of the Beacon |
| Balance Sheet |
| At 31 March 2019 |
| 31.3.19 | 31.3.18 |
| Unrestricted fund |
Total funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 9 |
| Unrestricted funds | 164,999 | 210,982 |
| TOTAL FUNDS | 210,982 |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the year ended 31 March 2019. |
| The members have not required the company to obtain an audit of its financial statements for the year ended |
| 31 March 2019 in accordance with Section 476 of the Companies 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 |
| (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 the Companies 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 of Trustees on |
| Friends of the Beacon |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 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 1 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 of the 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. |
| Equipment |
| Furniture |
| Computer equipment |
| 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. |
| 2. | INVESTMENT INCOME |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Deposit account interest |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Depreciation - owned assets |
| Friends of the Beacon |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2019 nor for the year |
| ended 31 March 2018. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2019 nor for the year ended |
| 31 March 2018. |
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 238,571 |
| TOTAL FUNDS CARRIED FORWARD | 210,982 |
| 6. | AVERAGE NUMBER OF EMPLOYEES |
| The average number of employees during the year was NIL (2018 - NIL). |
| Friends of the Beacon |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 7. | TANGIBLE FIXED ASSETS |
Equipment |
Furniture |
Computer equipment |
Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2018 and 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Other debtors |
| 9. | MOVEMENT IN FUNDS |
At 1.4.18 |
Net movement in funds |
At 31.3.19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 210,982 | (45,983 | ) | 164,999 |
| TOTAL FUNDS | (45,983 | ) | 164,999 |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 20,966 | (66,949 | ) | (45,983 | ) |
| TOTAL FUNDS | ( |
) | (45,983 | ) |
| Friends of the Beacon |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 9. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
At 1.4.17 |
Net movement in funds |
At 31.3.18 |
| £ | £ | £ |
| Unrestricted Funds |
| General fund | 238,571 | (27,589 | ) | 210,982 |
| TOTAL FUNDS | 238,571 | (27,589 | ) | 210,982 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 18,523 | (46,112 | ) | (27,589 | ) |
| TOTAL FUNDS | 18,523 | (46,112 | ) | (27,589 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
At 1.4.17 |
Net movement in funds |
At 31.3.19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 238,571 | (73,572 | ) | 164,999 |
| TOTAL FUNDS | 238,571 | (73,572 | ) | 164,999 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 39,489 | (113,061 | ) | (73,572 | ) |
| TOTAL FUNDS | 39,489 | (113,061 | ) | (73,572 | ) |
| 10. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 March 2019 or for the year ended 31 March |
| 2018. |