REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
Standing Start Trust |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
Standing Start Trust |
Standing Start Trust |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Report of the Trustees | 1 | to | 2 |
Statement of Financial Activities | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 | to | 8 |
Standing Start Trust (Registered number: 07134914) |
Report of the Trustees |
for the Year Ended 31 January 2024 |
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 January 2024. 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
To promote the rehabilitation and physical and mental wellbeing of individuals with spinal cord injuries or other neurological disorders principally through the provision of grants. |
Public benefit |
The Trustees confirm that they have complied with the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity. This Report of the Trustees demonstrates our provision of public benefit. |
ACHIEVEMENT AND PERFORMANCE |
Fundraising activities |
The charity's funds have again come from individual donations. The web based facilities continue to prove an extremely popular vehicle for donating funds and the Trust will continue to promote these for the future. |
The Trust continues to help sponsor a number of exercise based sessions for clients at physiotherapy facilities and all those clients have derived considerable benefit. |
FINANCIAL REVIEW |
Reserves policy |
Our policy would be that reserves will, subject to support costs, be used for charitable activities. |
FUTURE PLANS |
Fundraising continues to be particularly difficult as the country is facing a cost of living crisis. |
However the Trust will also continue to support funding in the area of ongoing research thus enabling a better understanding of the lives of those spinally injured. The Trust is now in addition to spinal injuries also supporting exercise based therapy for other neurological conditions such as Stroke and Multiple Sclerosis. |
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. |
Recruitment and appointment of new trustees |
Prior to their appointment, trustees are expected to undergo a period of familiarisation with the charity's activities. This will include receiving background information and they are encouraged to visit the programme, see operations first hand and meet the key personnel, as well as other trustees. |
When considering the appointment of new trustees, the board has regard to the requirement for any specialist skills or characteristics needed, together with general enthusiasm for the work of Standing Start Trust. |
Risk management |
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Standing Start Trust (Registered number: 07134914) |
Report of the Trustees |
for the Year Ended 31 January 2024 |
Registered office |
Trustees |
Approved by order of the board of trustees on |
Standing Start Trust |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 31 January 2024 |
31.1.24 | 31.1.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 22,054 |
Standing Start Trust (Registered number: 07134914) |
Balance Sheet |
31 January 2024 |
31.1.24 | 31.1.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 8 |
Unrestricted funds | 16,131 |
Restricted funds | 5,923 |
TOTAL FUNDS | 22,054 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 and authorised for issue on |
Standing Start Trust |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
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. |
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. | DONATIONS AND LEGACIES |
31.1.24 | 31.1.23 |
£ | £ |
Donations |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023. |
Standing Start Trust |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
4. | STAFF NUMBERS |
The average number of employees during the year was 0 (2023 - 0). |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 16,394 | 5,923 |
TOTAL FUNDS CARRIED FORWARD | 16,131 | 5,923 | 22,054 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Trade creditors |
Accrued expenses |
8. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.2.23 | in funds | 31.1.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 16,131 | (103 | ) | 16,028 |
Restricted funds |
Client A | 5,923 | - | 5,923 |
TOTAL FUNDS | (103 | ) | 21,951 |
Standing Start Trust |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
8. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 601 | (704 | ) | (103 | ) |
Restricted funds |
Client C | 6,580 | (6,580 | ) | - |
TOTAL FUNDS | ( |
) | (103 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.2.22 | in funds | 31.1.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 16,394 | (263 | ) | 16,131 |
Restricted funds |
Client A | 5,923 | - | 5,923 |
TOTAL FUNDS | 22,317 | (263 | ) | 22,054 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 610 | (873 | ) | (263 | ) |
Restricted funds |
Client C | 6,500 | (6,500 | ) | - |
TOTAL FUNDS | 7,110 | (7,373 | ) | (263 | ) |
Standing Start Trust |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
8. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.2.22 | in funds | 31.1.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 16,394 | (366 | ) | 16,028 |
Restricted funds |
Client A | 5,923 | - | 5,923 |
TOTAL FUNDS | 22,317 | (366 | ) | 21,951 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,211 | (1,577 | ) | (366 | ) |
Restricted funds |
Client C | 13,080 | (13,080 | ) | - |
TOTAL FUNDS | 14,291 | (14,657 | ) | (366 | ) |
The General reserve represents the free funds of the charity which are not designated for particular purposes. |
Restricted funds |
The charity receives donations for specific individuals to support costs for their physiotherapy treatment and for confidentiality we refer to these as client A, B etc. |
9. | RELATED PARTY DISCLOSURES |
10. | COMPANY LIMITED BY GUARANTEE |
The company is limited by guarantee and does not have a share capital. |
The liability of the members in the event of the company being liquidated while they remain a member or within 12 months afterwards, is limited to £10 towards the cost of dissolution and the liabilities incurred by the company while they were a member. |