THE COMPANY OF ACTUARIES CHARITABLE TRUST FUND REGISTERED CHARITY NO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2015

Transcription

1 REGISTERED CHARITY NO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2015 Casson Beckman Chartered Accountants First Floor High Street Ringwood Hampshire BH24 1TA

2 REFERENCE AND ADMINISTRATIVE INFORMATION BOARD OF TRUSTEES The elected Trustees at the date of this report and holding office during the year were: Michael Turner (Chairman) Sally Bridgeland Geraldine Kaye Michael Pomery CVO Alan Smith George Yoxall ALMONER Patrick O'Keeffe Broomy Hurst Shobley Ringwood Hampshire BH24 3HT REGISTERED CHARITY NUMBER INDEPENDENT EXAMINERS Casson Beckman Chartered Accountants First Floor High Street Ringwood Hampshire BH24 1AG

3 Trustees' responsibilities in respect of the preparation of the Accounts. The Trustees are required by Law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity for that period. In preparing those financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently: - make judgements and estimates that are reasonable and prudent - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This report was approved by the Board of Trustees on and signed on its behalf by:. Trustee -1-

4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COMPANY OF ACTUARIES We report on the accounts of the Trust for the year ended 31st July 2015, which are set out on pages 3 to 7. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts, The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. It is our responsibility to: - examine the accounts under section 145 of the 2011 Act. - to follow the procedures laid down in the general directions given by the Charity Commission - under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to our attention. Basis of independent examiner's statement Our examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with our examination, no matter has come to our attention 1) Which gives us reasonable cause to believe that in, any material respect, the requirements: * to keep accounting records in accordance with section 130 of the 2011 Act; and * to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or 2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. First Floor High Street Stephen Walter Ringwood For and behalf of Hampshire Casson Beckman Chartered Accountants BH24 1AG Date:

5 RECEIPTS AND PAYMENTS ACCOUNT FOR YEAR ENDED 31 JULY Incoming Resources Ordinary contributions: gift-aidable 79,934 68,034 Ordinary contributions: non gift-aidable 5,110 4,888 Legacies 15,000 15,000 Income from Master's and other events 20,938 74,856 Other donations received 6,000 6,000 Gift aid received 34,708 16,992 Income from investments 14,458 15,578 Capital appreciation of invested assets 2,146 14,263 Total Receipts 178, ,611 Charitable Payments Masters' donations (Note 1) 10,950 7,500 Donations made from Master's events - 64,478 Awards for educational purposes (Note 2) 27,700 38,650 Donations made to the Royal Society 62,937 60,089 Donations made to the Royal Institution 10,000 - Donations made to other charities (Note 3) 71,353 69,871 Due to charities from previous year 8,750 7,020 Due to charities at end of year (13,050) (8,750) Total Charitable Payments 178, ,858 Governance Payments Bank charges Accountancy 1,380 1,380 Postage & stationery Insurance IT costs Total Governance Payments 2,296 2,600 Excess of Receipts over Payments for the year (2,642) (25,847) -3-

6 BALANCE SHEET AS AT 31 JULY INVESTMENTS M&G Group Charifund (Market Value) 268, ,407 M&G Group Charibond (Market Value) 33,721 73,513 CAF Gold Fund (Market Value) Virgin Money deposit Account 1,000 1, , ,309 CURRENT ASSETS Cash at bank - Current account 57,386 22, , ,483 CAPITAL ACCOUNT (Note 4) 302, ,309 INCOME ACCOUNT (Note 5) 58,386 63, , ,483 On behalf of the Trustees of the Company of Actuaries Charitable Trust Fund we approve the Financial Statements set out on pages 3 to 7. Trustee Trustee Date Represented by:- -4-

7 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY MASTERS' DONATIONS Master Miles Army Benevolent Fund Big Curry Lunch 500 Community Action Nepal 900 Edmonton Sea Cadets 250 Guildhall School of Music and Drama 1,000 Karuna Trust 750 Musicians Benevolent Fund 250 Royal College of Surgeons 1,000 SevenoaksArea MIND 1,000 St Lawrence Jewry Guild Church Council 300 St Olave's Grammar School Voluntary Fund 2,000 The Lord Mayor's Appeal Fund 1,000 Warning Zone Limited 1,000 Master Thompson Mercy Ships - UK Ltd 1,000 10,950 2 AWARDS FOR EDUCATIONAL PURPOSES 31 Bursaries of 750 each 23,250 Prizes for University students 2,700 Prizes for Institute and Faculty of Actuaries students 1,750 27,700 3 DONATIONS TO CHARITIES a) Charities having a substantial connection with the City of London Mansion House Scholarship Fund 1,000 Royal British Legion Poppy Appeal 250 Sheriffs' and Recorder's Fund 1,000 St Lawrence Jewry Guild Church Council 503 The City and Guilds of London Institute 500 The Lord Mayor's Appeal Fund 3,000 The Musicians' Benevolent Fund 250 Trustees of the United Guilds' Service 150 6,653 b) Other charities which the Trust intends to support over a number of years Children's Liver Disease Foundation 5,000 East Anglia's Children's Hospices 2,350 Edmonton Sea Cadets 2,250 Holst Birthplace Trust 2,000 Narcolepsy UK 5,000 St Olave's Grammar School Voluntary Fund 2,500 Swindon ReStore Community Project 4,000 The Brainwave Centre Limited 3,500 The Martial Arts Charitable Trust 500 The Robert Clack Development Trust 500 Whiteley Homes Trust 6,000 33,

8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2015 c) Other donations were made in the following months September Bromley Women's Aid 1,000 City & Hackney MIND 1,000 Duke of Edinburgh's Award Scheme 300 Earthworks St Albans 1,000 JusB Ltd 500 Kingston Breavement service 500 Maytree 1,000 ME Research UK 1,000 Mike Duffy Foundation 300 Montessori Education for Autism 1,000 React 500 The Dream Team 500 December Community Relief Centre 500 INSPIRE Foundation 1,000 Migraine Trust 1,000 SATRO 1,000 March Garramis School Nigeria 1,000 Happy Days Childrens Charity 500 Honeypot Childrens' Charity 1,000 Just Different 1,000 St Andrews Youth Club 500 Tower Hamlets Parents Centre 1,000 June Access Aspiration 750 Bliss 750 Bloomfield Learning Centre 750 Drama Expression for Children 1,000 Hackney Quest 750 Penny Brohn Cancer Care 750 Prince & Princess of Wales' Hospice, Glasgow 5,000 Sailors' Children's Centre 1,000 Strongbones 750 The Fifth Trust 1,000 The Leprosy Mission 500 Trinity Hospice 1,000 8,600 3,500 5,000 14,000-6-

9 NOTES TO THE FINANCIAL STATEMENTS (CONT) FOR THE YEAR ENDED 31 JULY CAPITAL ACCOUNT CHANGES Balance at start of year 300, ,689 Increase in value of investments 2,146 14,263 Transfer to Income Account - (21,643) Balance at end of year 302, ,309 5 INCOME ACCOUNT CHANGES Balance at start of year 63,174 81,397 Excess of Receipts over Payments for the year (2,642) (25,603) Increase in value of investments (2,146) (14,263) Transfer from Capital Account - 21,643 Balance at end of year 58,386 63,174-7-