Annual Report 2004 - Inquest

29
that all of INQUEST’s activities and assets and Liabilities
be transferred to Inquest Charitable Trust. This amounted
to a net liability of £11,595.
The table (right) illustrates the fair value of assets and
liabilities at that time that were transferred to Inquest
Charitable Trust.
A rationalisation of bank accounts has made it possible
to budget and make reliable predictions about future
finances and has made clear what support levels are
needed and when, in order for the organisation to maintain
its work. This provides the organisation with stability and
protection against unexpected income fluctuations. The
final changes in finances were to proceed to implement a
system which makes it possible to budget and monitor
spending under different categories for individual grants.
A full signed copy of the most recent accounts is
available from the office.
£
Current Assets 5,650
Current Liabilities (17,245)
-----------
(11,595)
----------
£
Represented by:
Unrestricted Funds (11,595)
----------
Statement by Auditors:
As auditors to the charity we have reviewed the
summarised accounts below and consider that they are
consistent with the full accounts, on which we gave our
opinion.
Barcant Beardon LLP, Chartered Accountants and
Registered Auditor, 8 Blackstock Mews, Islington, London
N4 2BT.
Statement by Trustees:
The accounts shown below are summary information
extracted from the audited annual accounts, on which the
auditor’s opinion was unqualified. The full report and
accounts were approved by the board of trustees on
21 January 2005 and have been submitted to the Charity
Commission. These summarised accounts may not contain
sufficient information to allow for a full understanding of
the financial affairs of the charity. For further information
and copies of the accounts, contact INQUEST.