Friends of the Beacon - Charities report - 20.1.6

REGISTERED COMPANY NUMBER: 02810326 (England and Wales)

REGISTERED CHARITY NUMBER: 1024925

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Friends of the Beacon

Friends of the Beacon

Contents of the Financial Statements

for the Year Ended 31 March 2020

Page

Report of the Trustees

1 to 2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5 to 6

Notes to the Financial Statements

7 to 11

Friends of the Beacon

Report of the Trustees

for the Year Ended 31 March 2020

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 2020. 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 £16,237 (2019: £1,531) for the Beacon Specialist Palliative Care

Service. This included £15,154 (2019: £nil) in respect of a share of Marathon sponsorship monies. The charity also

received £6,000 (2019: £18,500) in restitution from a responsible official. Since the year end, the outstanding balance

due from the responsible official has been settled in full.

The charity received no legacies this year (2019: £nil).

The charity's expenditure totalled £25,165 (2019: £66,949) with £23,185 (2019: £65,149) used to directly support the

Beacon and £1,980 (2019: £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 £1,980 (previously

£1,800). These are managed for the Friends by Phyllis Tuckwell Hospice Care, who run the Beacon Centre. This year,

the sponsorship money of £15,154 collected from the runners was paid to the charity but then donated back to PTHC.

This money has been set aside to be used within the objects of that 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

02810326 (England and Wales)

Registered Charity number

1024925

Registered office

The Oriel

Sydenham Road

Guildford

Surrey

GU1 3SR

Trustees

Mrs J M Holland

A M Jackson

A J Bennewith

Dr K A Hillard

P Foxton

Company Secretary

A M Jackson

Independent examiner

G Smith

12, Surrey House

New Road

Chilworth

Guildford

Surrey

GU4 8LP

Approved by order of the board of trustees on 13 July 2020 and signed on its behalf by:

A M Jackson - Trustee

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 2020.

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 July 2020

Friends of the Beacon

Statement of Financial Activities

for the Year Ended 31 March 2020

31.3.20

31.3.19

Unrestricted fund

Total funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

16,237

2,315

Investment income

2

1,042

151

Other income

6,000

18,500

Total

23,279

20,966

EXPENDITURE ON

Raising funds

1,980

1,800

Charitable activities

Support for Beacon

23,185

65,149

Total

25,165

66,949

NET INCOME/(EXPENDITURE)

(1,886

)

(45,983

)

RECONCILIATION OF FUNDS

Total funds brought forward

164,999

210,982

TOTAL FUNDS CARRIED FORWARD

163,113

164,999

Friends of the Beacon

Balance Sheet

At 31 March 2020

31.3.20

31.3.19

Unrestricted fund

Total funds

Notes

£

£

FIXED ASSETS

Tangible assets

7

1,803

2,404

CURRENT ASSETS

Debtors

8

-

171

Cash at bank

176,464

162,424

176,464

162,595

CREDITORS

Amounts falling due within one year

9

(15,154

)

-

NET CURRENT ASSETS

161,310

162,595

TOTAL ASSETS LESS CURRENT LIABILITIES

163,113

164,999

NET ASSETS

163,113

164,999

FUNDS

10

Unrestricted funds

163,113

164,999

TOTAL FUNDS

163,113

164,999

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended

31 March 2020 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

provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees on 13 July 2020 and were signed on its behalf by:

A M Jackson -Trustee

Friends of the Beacon

Notes to the Financial Statements

for the Year Ended 31 March 2020

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

- 25% on reducing balance

Furniture

- 25% on reducing balance

Computer equipment

- 25% on reducing balance

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

31.3.20

31.3.19

£

£

Deposit account interest

1,042

151

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.20

31.3.19

£

£

Depreciation - owned assets

601

801

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2020 nor for the year

ended 31 March 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2020 nor for the year ended

31 March 2019.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2,315

Investment income

151

Other income

18,500

Total

20,966

EXPENDITURE ON

Raising funds

1,800

Charitable activities

Support for Beacon

65,149

Total

66,949

NET INCOME/(EXPENDITURE)

(45,983

)

RECONCILIATION OF FUNDS

Total funds brought forward

210,982

TOTAL FUNDS CARRIED FORWARD

164,999

6.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2019 - NIL).

7.	TANGIBLE FIXED ASSETS

Equipment

Furniture

Computer equipment

Totals

£

£

£

£

COST

At 1 April 2019 and 31 March 2020

5,905

3,900

6,705

16,510

DEPRECIATION

At 1 April 2019

5,126

3,323

5,657

14,106

Charge for year

195

144

262

601

At 31 March 2020

5,321

3,467

5,919

14,707

NET BOOK VALUE

At 31 March 2020

584

433

786

1,803

At 31 March 2019

779

577

1,048

2,404

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

-

171

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

15,154

-

10.	MOVEMENT IN FUNDS

At 1.4.19

Net movement in funds

At 31.3.20

£

£

£

Unrestricted funds

General fund

164,999

(1,886

)

163,113

TOTAL FUNDS

164,999

(1,886

)

163,113

Net movement in funds, included in the above are as follows:

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

23,279

(25,165

)

(1,886

)

TOTAL FUNDS

23,279

(25,165

)

(1,886

)

Comparatives for 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

210,982

(45,983

)

164,999

Comparative 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

20,966

(66,949

)

(45,983

)

A current year 12 months and prior year 12 months combined position is as follows:

At 1.4.18

Net movement in funds

At 31.3.20

£

£

£

Unrestricted funds

General fund

210,982

(47,869

)

163,113

TOTAL FUNDS

210,982

(47,869

)

163,113

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

44,245

(92,114

)

(47,869

)

TOTAL FUNDS

44,245

(92,114

)

(47,869

)

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2020 or for the year ended 31 March

2019.