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REGISTERED COMPANY NUMBER: 07579307 (England and Wales)

REGISTERED CHARITY NUMBER: 1141790













Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for


Geoffrey Chinn Charitable Foundation



Geoffrey Chinn Charitable Foundation








Contents of the Financial Statements

for the year ended 31 March 2023






Page




Report of the Trustees  

1




Independent Examiner's Report  

2




Statement of Financial Activities  

3




Balance Sheet  

4




Notes to the Financial Statements  

5


to


8



Geoffrey Chinn Charitable Foundation (Registered number: 07579307)



Report of the Trustees

for the year ended 31 March 2023



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 2023. 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 2019).


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.


REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07579307 (England and Wales)


Registered Charity number

1141790


Registered office

1st Floor, Healthaid House

Marlborough Hill

Harrow

Middlesex

HA1 1UD


Trustees

D R Chinn Lawyer

Mrs C D Chinn None (deceased 19.8.2023)

Mrs D S Chinn Clinical Psychologist/Lecturer


Independent Examiner

Grant Harrod Lerman Davis LLP

Chartered Accountants

1st Floor

Healthaid House

Marlborough Hill

Harrow

Middlesex

HA1 1UD


This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


Approved by order of the board of trustees on 4 March 2024 and signed on its behalf by:






D R Chinn - Trustee


Independent Examiner's Report to the Trustees of

Geoffrey Chinn Charitable Foundation


Independent examiner's report to the trustees of Geoffrey Chinn Charitable Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.


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.









Jonathan Grant FCA


Grant Harrod Lerman Davis LLP

Chartered Accountants

1st Floor

Healthaid House

Marlborough Hill

Harrow

Middlesex

HA1 1UD


4 March 2024



Geoffrey Chinn Charitable Foundation



Statement of Financial Activities

for the year ended 31 March 2023



2023


2022


Unrestricted


Total


fund


funds


Notes

£   

£   


INCOME AND ENDOWMENTS FROM


Investment income

2

22,341


4,294



EXPENDITURE ON

Charitable activities

Charitable activities

1,800


3,800



Net gains on investments

29,874


-



NET INCOME

50,415


494




RECONCILIATION OF FUNDS

Total funds brought forward

71,738


71,244



TOTAL FUNDS CARRIED FORWARD

122,153


71,738




Geoffrey Chinn Charitable Foundation (Registered number: 07579307)



Balance Sheet

31 March 2023



2023


2022


Unrestricted


Total


fund


funds


Notes

£   

£   


FIXED ASSETS


Investments

5

80,583


50,709



CURRENT ASSETS


Cash at bank

42,890


24,149



CREDITORS


Amounts falling due within one year

6

(1,320

)

(3,120

)


NET CURRENT ASSETS

41,570


21,029



TOTAL ASSETS LESS CURRENT

LIABILITIES

122,153


71,738



NET ASSETS

122,153


71,738


FUNDS

7

Unrestricted funds

122,153


71,738


TOTAL FUNDS

122,153


71,738



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year

ended 31 March 2023.



The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

This financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to this small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 4 March 2024 and were signed on its behalf by:






D R Chinn - Trustee



Geoffrey Chinn Charitable Foundation



Notes to the Financial Statements

for the year ended 31 March 2023


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 2019)', 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.



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.



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


2023


2022

£   

£   



Other fixed asset invest - FII

22,001


4,294




Deposit account interest

340


-



22,341


4,294




3.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.



Trustees' expenses


There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.




Geoffrey Chinn Charitable Foundation



Notes to the Financial Statements - continued

for the year ended 31 March 2023


4.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


fund

£   



INCOME AND ENDOWMENTS FROM



Investment income

4,294




EXPENDITURE ON


Charitable activities


Charitable activities

3,800




NET INCOME

494





RECONCILIATION OF FUNDS


Total funds brought forward

71,244




TOTAL FUNDS CARRIED FORWARD

71,738



5.

FIXED ASSET INVESTMENTS


Listed


investments

£   



MARKET VALUE


At 1 April 2022

50,709




Revaluations

29,874




At 31 March 2023

80,583




NET BOOK VALUE


At 31 March 2023

80,583




At 31 March 2022

50,709





There were no investment assets outside the UK.



Cost or valuation at 31 March 2023 is represented by:



Listed


investments

£   



Valuation in 2023

29,874




Cost

50,709



80,583






Geoffrey Chinn Charitable Foundation



Notes to the Financial Statements - continued

for the year ended 31 March 2023


6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Accrued expenses

1,320


3,120




7.

MOVEMENT IN FUNDS


Net




movement


At



At 1.4.22


in funds


31.3.23


£   

£   

£   



Unrestricted funds


General fund

71,738


50,415


122,153





TOTAL FUNDS

71,738


50,415


122,153





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



Incoming


Resources


Gains and


Movement



resources


expended


losses


in funds


£   

£   

£   

£   



Unrestricted funds


General fund

22,341


(1,800

)

29,874


50,415





TOTAL FUNDS

22,341


(1,800

)

29,874


50,415






Comparatives for movement in funds



Net




movement


At



At 1.4.21


in funds


31.3.22


£   

£   

£   



Unrestricted funds


General fund

71,244


494


71,738





TOTAL FUNDS

71,244


494


71,738





Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

4,294


(3,800

)

494





TOTAL FUNDS

4,294


(3,800

)

494





Geoffrey Chinn Charitable Foundation



Notes to the Financial Statements - continued

for the year ended 31 March 2023


7.

MOVEMENT IN FUNDS - continued



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



Net




movement


At



At 1.4.21


in funds


31.3.23


£   

£   

£   



Unrestricted funds


General fund

71,244


50,909


122,153





TOTAL FUNDS

71,244


50,909


122,153





A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Gains and


Movement



resources


expended


losses


in funds


£   

£   

£   

£   



Unrestricted funds


General fund

26,635


(5,600

)

29,874


50,909





TOTAL FUNDS

26,635


(5,600

)

29,874


50,909




8.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 31 March 2023.