REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
THE JASPER CONRAN FOUNDATION |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
THE JASPER CONRAN FOUNDATION |
(A COMPANY LIMITED BY GUARANTEE) |
THE JASPER CONRAN FOUNDATION |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
Page |
Reference and Administrative Details | 1 |
Report of the Trustees | 2 | to | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 |
Notes to the Financial Statements | 7 | to | 9 |
THE JASPER CONRAN FOUNDATION |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE YEAR ENDED 31 MAY 2024 |
Trustees |
Company secretary | R M Litler |
Registered office |
Registered company number |
Registered charity number |
THE JASPER CONRAN FOUNDATION (REGISTERED NUMBER: 08091084) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MAY 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 May 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). |
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. |
Objectives and activities |
Objectives and aims |
The objectives of the company are defined in its governing document, as follows: |
(1) to provide relief for children in the United Kingdom who have suffered mental or physical abuse, to promote and protect the physical and mental well-being of children, and to provide financial assistance and other support to charities and organisations working to relieve or protect children subjected to abuse, |
(2) to support children and young people with life-limiting conditions, and their families, in the United Kingdom by the provision of financial assistance and other support to charities and organisations who offer respite, end of life care, and bereavement support for families and carers, primarily, but not exclusively, through the operation of children's hospices, |
(3) the relief of poverty, homelessness and distress amongst people infected by HIV in the United Kingdom, in particular by the provision of grants for providing or paying for items, services or facilities, or by providing financial assistance and other support to charities and organisations working to relieve those infected by HIV. |
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. |
Significant activities |
The company exclusively utilises the resources of Jasper Conran Limited, a company controlled by a Trustee, Mr J AT Conran, on a cost-free basis and therefore has no governance or support costs thereby maximising the funds available for its charitable activities. |
The Trustees have had regard to the Charity Commission's guidance on public benefit and at a meeting of the Trustees it was determined that the company could achieve the biggest visible impact by focusing its funding activity on only one of its three objectives each year. Accordingly, it was agreed that the company would again focus, this year, on grants to children's hospices. |
The Trustees meet from time to time to consider all applications for funding from other charitable organisations whose objects closely coincide with those of the company. |
Public benefit |
The Trustees are wholly committed to acting within the company's objectives, as set out above, in order to achieve, in their opinion, the maximum public benefit, having due regard for the Charity Commission's public benefit guidance. Taking into account the level of available funds, the Trustees have formed the view that the greatest benefit can be achieved by concentrating the company's support on a single charitable organisation. |
Grantmaking |
The company did not receive any donations from Jasper Conran Limited during the year and therefore made no grants. |
Achievement and performance |
Charitable activities |
No charitable activities were undertaken during the year due to a lack of funds. |
THE JASPER CONRAN FOUNDATION (REGISTERED NUMBER: 08091084) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MAY 2024 |
Achievement and performance |
Fundraising activities |
The income of the company is wholly dependent on ad-hoc donations from Jasper Conran Limited. The financial objective is then to donate all this income as quickly as possible, save for retaining a small sum in the company's bank account to remain in credit. No other financial criteria apply. |
Investment performance |
The company acts to distribute its income as soon as practicable following receipt and therefore does not expect to retain funds for investment purposes save for maintaining a small sum in the company's bank account in order to avoid overdraft charges. In the event that this policy changes, the Company Secretary will be instructed to place funds on short-term deposit in order to earn the highest rate of interest available, recognising that high returns on such investments are difficult to achieve in the current low interest rate environment. |
Financial review |
Principal funding sources |
The company received no income from its principal donor, Jasper Conran Limited, during the year and was therefore unable to make any charitable grants. |
Reserves policy |
It is the policy of the company to distribute all its income on an annual basis in pursuit of its charitable objectives, except for the retention of a nominal sum in order to maintain the company's bank account in credit. The company has no overdraft facility and will not therefore permit a deficit to arise from its operations. |
The company had no income or expenditure during the year, save for bank interest, leaving reserves of just £14 deposited at the bank. |
Going concern |
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. |
Future plans |
The company has received no funding from its only donor, Jasper Conran Limited, since September 2018. Having established that there is no prospect of further funding in the foreseeable future, the Trustees concluded in February 2025 that steps should now be taken to dissolve the company and to distribute any residual funds to another charitable organisation with similar objectives. |
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. |
Charity constitution |
The Jasper Conran Foundation is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 31 May 2012. |
The principal objects of the company are to provide support and relief for children in the United Kingdom who have suffered mental or physical abuse or who have life limiting conditions, and the relief of poverty, homelessness and distress amongst people infected by HIV in the United Kingdom. The objects as defined in the governing document are shown above under policies and objectives. |
Recruitment and appointment of new trustees |
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. |
THE JASPER CONRAN FOUNDATION (REGISTERED NUMBER: 08091084) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MAY 2024 |
Structure, governance and management |
Organisational structure |
The Trustees retain day-to-day management control, assisted by the Company Secretary, all of whom give their time voluntarily and receive no benefits from the company. |
Members' liability |
The members of the company, who are all Trustees of the charity, guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. |
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 |
THE JASPER CONRAN FOUNDATION |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 MAY 2024 |
31.5.24 | 31.5.23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
EXPENDITURE ON |
Raising funds | 2 |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 14 |
THE JASPER CONRAN FOUNDATION (REGISTERED NUMBER: 08091084) |
BALANCE SHEET |
31 MAY 2024 |
31.5.24 | 31.5.23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 4 |
Unrestricted funds | 14 |
TOTAL FUNDS | 14 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 |
THE JASPER CONRAN FOUNDATION |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 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. |
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. |
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs. |
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. |
All expenditure is inclusive of irrecoverable VAT. |
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. |
THE JASPER CONRAN FOUNDATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
2. | RAISING FUNDS |
Investment management costs |
31.5.24 | 31.5.23 |
£ | £ |
Bank charges | - | 360 |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
During the year, no Trustees received any remuneration or other benefits (2023 = £NIL). |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023. |
4. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.6.23 | in funds | 31.5.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 14 | - | 14 |
TOTAL FUNDS | - | 14 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
TOTAL FUNDS | - |
Comparatives for movement in funds |
Net |
movement | At |
At 1.6.22 | in funds | 31.5.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 374 | (360 | ) | 14 |
TOTAL FUNDS | 374 | (360 | ) | 14 |
THE JASPER CONRAN FOUNDATION |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
4. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | - | (360 | ) | (360 | ) |
TOTAL FUNDS | - | (360 | ) | (360 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.6.22 | in funds | 31.5.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 374 | (360 | ) | 14 |
TOTAL FUNDS | 374 | (360 | ) | 14 |
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 | - | (360 | ) | (360 | ) |
TOTAL FUNDS | - | (360 | ) | (360 | ) |
5. | RELATED PARTY DISCLOSURES |