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2022-03-31-accounts

The Pepper Foundation

Trustees’ Report and Financial Statements for the year ended 31st March 2022

Company number 02797940 (England & Wales) Charity Number 1056823

The Pepper Foundation

Trustees’ Report and Financial Statements for the year ended 31st March 2022

Status

The Pepper Foundation is a company limited by guarantee, Number: 02797940. It is also a registered charity: Number: 1056823.

Registered Office
Registered Offce Fairlight
Meadway
Berkhamsted
Hertfordshire HP4 2PN
Principal Offce Unit 3
Icknield Way Business Park
Tring
Hertfordshire HP23 4JX
Telephone Fundraising: 01442 507324
Administration & Support: 01442 507311
Email info@pepper.org.uk
Website pepper.org.uk
Social media facebook.com/pepperfoundation
twitter.com/pepper_org_uk
instagram.com/the_pepper_foundation/
linkedin.com/company/the-pepper-
foundation-org
Independent Examiner Tyler-Waddington
Tyn Fannog
Adfa
Powys
SY16 3DE

Chair of Trustees

Chair of Trustees Patricia Daley Company Secretary Moira Massingale

Financial Trustee Philip Jones

Trustees

Patricia Daley Patrick Stevens Kerie-Anne Ivory David Bevan Anthony Chudleigh Christine Ronaldson Robert Breakwell Philip Jones Linda Petrons (Appointed 13th January 2022)

Patrons

Robert Breakwell Trisha Buller Jo Collier Dennis Fairey Debbie Gibb Linda Horsfall Moira Massingale The Rt Hon Sir Mike Penning MP Rod Rogers Jonathan Tweed

Welcome

The Directors, who are the board of Charity Trustees for the purposes of the Charities Act 2011, are pleased to present their annual report and financial statements for the year ended 31st March 2022.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS102).

This document is designed to meet statutory requirements and also provide the depth of information that is often required by grant making trusts, donors, legators, statutory bodies and anyone who needs information about our performance, achievements and aspirations.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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THANK YOU

The Trustees wish to thank the large number of people who have supported the charity through donations, grants, fundraising activities and in many other ways throughout the year. In common with many charities this year has continued to be challenging as we come out of the Covid pandemic and life slowly gets back to some form of normality.

During the year the pandemic continued to impact our fundraising capacity with many events cancelled or curtailed due to social distancing and other restrictions which made event organisers cautious of organising events and supporters making last minute decisions on attending. However Pepper was able to stage the 2021 Pepper Show in October albeit that we had to reduce the audience numbers on the ‘gig’ nights which had an impact on the funds raised. The year turned out to be a good year financially with many of our Corporate supporters and Trust Fund supporters continuing to support our work with generous donations.

Our many volunteers play an essential role in fundraising as well as in the day-to-day running of the charity. The Trustees wish to record their thanks for the commitment demonstrated by volunteers to support the charity.

The Pepper Foundation operates on low overheads with its three part-time retained fundraising staff making up most of these costs. The Trustees wish to acknowledge the hard work of our retained staff members and thank them for their energy and commitment.

PUBLIC BENEFIT

The charity is committed to the aim of providing public benefit in accordance with its ethos and objectives. Charity legislation requires demonstration of that public benefit, and the charity achieves this by making grants to fund the children’s hospice at home service.

THE PEPPER ETHOS

The Pepper Foundation exists to alleviate the suffering of children with complex health needs or life limiting conditions. We achieve this by providing substantial funding for a children’s hospice at home service which is managed by Rennie Grove Hospice Care.

The Pepper Foundation identified the need for this service over 25 years ago when it provided funding for the first Pepper nurse based with the Iain Rennie Hospice at Home (now Rennie Grove Hospice Care). Demand for the service has increased and The Pepper Foundation has been able to completely or substantially fund the service ever since.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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Key Objectives

Our key objective is to fund the direct costs of the Rennie Grove children’s hospice at home service based on agreed budget projections.

We achieved this during the year by making a substantial grant of

£252,106

to Rennie Grove Hospice Care. (A £250,000 grant was donated in advance for 2021/22 during the previous financial year.)

The Pepper Foundation also supports patients and families in the care of the nurses by organising social events. These events are designed to support families facing similar challenges by bringing them together in a supportive, safe and social environment. Whilst we had a series of events planned for the year, Covid 19 and the restrictions meant that we had to cancel all events. We did manage to organise and deliver Christmas presents to all the children and their siblings.

The total amount raised in the year excluding investment income was £314,980 . The cost associated with generating this income was £60,749. Therefore, our fundraising costs represented 19.29% of funds raised income during the year.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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The Children’s Hospice at Home Service

The specialist children’s hospice at home service is operated by Rennie Grove Hospice Care with funding from The Pepper Foundation. The service supports babies and children with life-limiting conditions living in Buckinghamshire and Hertfordshire. It is regarded as a lifeline for children and young people up to the age of 19 as well as parents, siblings and carers.

The nurses provide flexible, responsive clinical support carefully tailored to the needs of each child, enabling them to live as fulfilling a life as possible, however short their life might be. The nurses also provide essential support and respite for the parents, siblings and carers of our child patients, and understand completely how the whole family is impacted.

In 2021/22 the specialist children’s hospice at home service which we fund cared for 68 children with lifelimiting conditions, providing them and their families with practical nursing and emotional support.

The children’s hospice at home nurses provided vital clinical care for children at any time of the day or night. In 2021/22 the specialist team provided 3,051 hours of direct clinical care, respite and play sessions for children, carrying out 855 face-to-face vsiits to the family home and making 2,745 telephone calls to provide direct support.

----- Start of picture text -----
The Pepper Foundation (Reg. No. 02797940)
6
Directors and Trustees’ Annual Report for the Year ended 31 March 2022
----- End of picture text -----

The children’s service employs a team of nurses and it comprised during 2021-22:

----- Start of picture text -----
Number of
Position Full time equivalent
people
Nurse/Team leader 1 1.0
Specialist Nurses 3 2.47
Healthcare Assistant 2 1.6
Senior Play Specialist 1 1.0
Play Worker 1 0.4
Total 8 6.47
----- End of picture text -----

The service is available free of charge to members of the public living within the Chilterns area of Hertfordshire and Buckinghamshire who meet the referral criteria.

The referral criteria for potential patients are as follows. The service is available to children and young people (up to 19 years) with a life-limiting or life-threatening condition where:

As well as nursing care for the children, the team offers practical advice for parents and emotional support for siblings and other family members. By giving children and their families the choice to be cared for at home, amongst the people and things they love, we can ensure their lives are as happy and comfortable as possible, however short that life may be.

The children’s hospice at home service is provided at no cost to patients or their families. Additionally, the Pepper Foundation may make grants to help meet specific care needs.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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FUNDRAISING

To maximise resources for the children’s hospice at home service, our strategy is to raise funds from a variety of income streams, making the most of the resources and opportunities available. We employ a part-time Community Engagement and Corporate Lead and retain a part-time Trusts Fundraiser. In addition, the charity outsources marketing, communications and social media expertise.

As in previous years, fundraising was spread across the following main areas:

We continued to obtain financial support from charitable trusts and family foundations specifically those who help children and young people. We are grateful for their continued support and kind generosity.

We are deeply grateful to our supporters who have left a legacy in their Will to The Pepper Foundation. Their generous support and help ensure that every family in Buckinghamshire and Hertfordshire has access to children’s hospice at home care, should they need it.

We received support from organisations and groups such as local businesses. We managed to engage a number of medium size corporate businesses with whom we had a prior relationship and they kindly continued to support our fundraising throughout the year. This support was particularly valued this year as many of our fundraising events were cancelled or curtailed due to the Covid 19 restrictions.

We maintain regular communication with friends and supporters aimed at keeping as many people as possible in touch with the work of the charity and the care provided by the nurses, thereby continuing to raise income from donations.

We give practical support and advice to individuals and groups planning a sponsored activity to raise money for us.

Our fundraising committee in conjunction with our trading subsidiary, Pepper Events Limited, organises events to both raise the profile of the charity and raise funds, including our flagship event, the annual Pepper Show which was moved from the summer to October in 2021.

Our volunteers assist other individuals, clubs and corporate supporters who are putting on events to raise funds from which Pepper is a major beneficiary.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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People

VOLUNTEERS

With just three part-time retained staff members, volunteers are essential to the success of the charity. We are fortunate to have committed, loyal, enthusiastic and often long-serving volunteers who are involved in every area of the charity’s activities.

In particular, the charity’s annual Pepper Show involves over 100 talented singers, musicians, technical crew and a support team. The cast includes both adults and children, all of them volunteers. Not only does the Pepper Show raise a significant amount of money for the charity but it also has had a very positive effect on raising awareness about the children’s hospice at home service.

The Show team strives to work to professional performance standards and this has led to dozens of young volunteers going on to make a career in the performing arts and technical professions over the years.

We have several groups of volunteer supporters who get involved with year-round fundraising activities and our Friends of Pepper and Ambassadors ensure that the charity is highly visible in the local area.

The day-to-day management of the charity requires the volunteer board of Trustees to work closely and continually together throughout the year to ensure that the charity achieves its objectives.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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Governance, Management & Risk

GOVERNANCE

The Pepper Foundation is a registered charity (number 1056823) and a company limited by guarantee and registered in England (number 02797940) and is governed by its Memorandum and Articles of Association.

The company was incorporated on 10th March 1993 and registered as a charity on 16th July 1996. In the event of the company being wound up each of its members is required to contribute an amount not exceeding £1. Members who are appointed by the Trustees have demonstrated ongoing and committed support for the charity and its many activities. Membership is reviewed each year.

TRUSTEES

In accordance with the Memorandum and Articles of Association, Trustees are elected and appointed at the Annual General Meeting by the charity’s members. They serve for a period of three years; one third of the Trustees retires by rotation at every Annual General Meeting, and if eligible may stand for re-election.

New Trustees are often recruited from the members or volunteers of the charity. Although any member can stand as a trustee, the board is mindful of the onerous responsibilities laid upon it and actively encourages those members with suitable skills to put themselves forward. If necessary, the board may co-opt further Trustees during the year, their appointment being confirmed by election at the next Annual General Meeting.

Trustees are drawn from a variety of relevant professional backgrounds including business and charity management, finance, fundraising, law, communications, marketing, training and human resources. They have been recruited to provide the breadth of experience and mix of skills needed to govern the charity in line with all relevant legislation, regulation and best practice.

Although we have close co-operation with Rennie Grove none of our Trustees or employees hold appointments within both organisations.

None of our Trustees receive remuneration or other benefits from their work with the charity. Any contractual relationships would have to be disclosed to the board.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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TRUSTEE INDUCTION AND TRAINING

Generally, new Trustees are aware of the work of the charity when they are appointed but they are given the opportunity to familiarise themselves by attending meetings and being provided with information before accepting the position. Once appointed they receive ongoing mentoring by the Chair and appointed Trustees.

With the board’s approval, all Trustees are able to attend training courses or conferences relevant to their skills and responsibilities within the charity.

The Chair and other Trustees meet on an ad hoc basis with the Rennie Grove Chief Executive and Director of Fundraising to gain insight into planned developments in the nursing service and how Pepper may best support the service.

RISK MANAGEMENT

The Trustees have identified risks within the charity, which are potentially in finance and the health and safety of its volunteers and the public attending its events. Through risk assessment these risks are mitigated appropriately.

The bank balances are reviewed monthly by the Financial Trustee and we take care not to exceed the financial compensation limit at each institution. We have procedures in place for the handling and accounting of cash donations, sponsorship and ticket monies and control of our credit card machines.

Risk assessments are carried out for all events held by the charity and its trading subsidiary and any points highlighted by the assessment are addressed at the time.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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MANAGEMENT

The Trustees meet 10 times a year to develop strategy and monitor progress against agreed strategic objectives and an annual business plan and budget. The charity receives regular reports about the activities and performance of the children’s hospice at home team, fundraising activities, monthly financial management accounts, and risk management. One of the Trustees leads on risk management and maintains the Risk Register which is reviewed at Trustee Board meetings. Safeguarding is reviewed at each Trustee Board and all Trustees and key staff have been vetted in accordance with Data Barring Service (DBS) requirements.

The Trustees have established sub-committees which meet regularly to review reports in greater depth. These committees include finance, fundraising and communications groups. In addition, the chairman and other Trustees have regular meetings with Rennie Grove Hospice Care to discuss the children’s hospice at home team and how it may best support the services for which it provides funding.

The Company Secretary, part-time Operations Support & Events Co-ordinator, part-time Community Engagement and Corporate Lead attend the board meetings but have no voting rights. Reports presented at the Trustees’ meetings include nursing, finance, fundraising, trust fundraising and the risk register. All strategic and financial decisions are channelled through this meeting, which is organised through a set agenda.

To meet its primary objective, the charity retains 2 part-time fundraisers, a Community Engagement and Corporate Lead and a Trusts Fundraiser. Along with the Operations Support & Event Co-ordinator who organises some fundraising events and the outsourced digital communications support they are responsible for delivering the income budget. The charity is registered with the Fundraising Regulator.

Our Operations, Support & Events Coordinator is responsible for organising social and support events for patients and their families. In addition the role covers marketing, communications, working with fundraisers and Trustees, organising fundraising events as well as the day-to-day administration of the charity.

As a small charity, the Trustees are actively involved in the management of the organisation working alongside retained staff.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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Policies

RESERVES POLICY

The reserves policy is kept under review and although it requires a minimum reserve level of 6 months net costs of the children’s hospice at home service, we maintain a dialogue with Rennie Grove concerning the likely level of future grants to ensure continuity for the patients being nursed.

At 31st March 2022 the total combined restricted and unrestricted fund balances was £243,594 which satisfies our reserves requirement. Given the increasing cost of the nursing service and our present levels of fundraising, the Trustees’ current commitment to Rennie Grove Hospice Care is to restrict distribution of our funds solely to the children’s hospice at home service.

The Trustees believe that it is prudent to hold reserves to cover periods when fundraising is particularly challenging and this has been relevant because of the Covid-19 pandemic and its ongoing impact on our fundraising capability.

In the opinion of the Trustees, the charity’s assets are sufficient to meet its obligations.

INVESTMENT POLICY

The Trustees have the power to invest in such assets as they see fit. Currently the charity retains any surplus liquid funds in short term deposits that can be readily accessed. This policy is kept under review. Funds are protected as far as possible by limiting investment in each individual institution to the maximum protection offered by the Financial Services Compensation Scheme.

CONNECTED CHARITIES

For the purpose of the Charities Act 2011 the charity is not connected in any way with any other charity.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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STATEMENT OF RESPONSIBILITIES OF THE DIRECTORS

The Directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP).

Company law requires Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit for that period. In preparing those financial statements, the directors are required to:

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are also responsible for the maintenance and integrity of the corporate and financial information included on the company’s website.

The Directors confirm to the best of their knowledge and belief that these financial statements comply with the current statutory requirements, the Memorandum and Articles of Association and with 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 (FRS102).

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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THE FUTURE AND COVID-19

The children’s hospice at home team has continued to support the families they care for throughout the pandemic. With many of the children extremely vulnerable to infection, visits have had to be kept to a minimum, but online and telephone support have proved invaluable and families tell us that they feel well supported.

The global pandemic has had a dramatic effect on our ability to fundraise and it significantly curtailed our ability to organise and deliver events during the year. Accordingly, we have moved our focus away from events towards donations, corporate support and appeals on social media. We have seen significant success in these areas and are confident that our commitment to funding the children’s hospice at home service is strong and will continue.

The future of fundraising moving forward remains uncertain. The economic challenges and rising cost of living means that our supporters are less likely to have disposable income for charitable donations. However, our renewed concentration on corporate and business donors gives us some confidence that we can continue to raise sufficient funds to ensure that every family in Buckinghamshire and Hertfordshire has access to children’s hospice at home care, should they need it.

DECLARATION

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

Signed on behalf of the Board

Patricia Daley Chair of Trustees

23 December 2022

INDEPENDENT EXAMINER’S REPORT

Report to the Trustees of: The Pepper Foundation

On accounts for the year ended: 31st March 2022

Charity Number: 1056823

Company Number: 02797940

Set out on pages: 16 to 31

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31st March 2022.

Responsibilities and basis of report

As the charity’s Trustees of the company (who are also the directors of the company 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 for this year 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

The company’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

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.

Signed

24 December 2022

Name: Eliot Tyler-Waddington

Relevant professional qualification(s) or body: A.C.A

The Institute of Chartered Accountants in England and Wales

Address: Tyn Fannog, Adfa, Newtown, Powys, SY16 3DE

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

STATEMENT OF FINANCIAL ACTIVITIES

(including summary income and expenditure account)

Note
Income
3
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Separate material item of income
Other
Total
Expenditure
5
Expenditure on:
Raising funds
Charitable activities
Separate material expense item
Other
Total
Net income/(expenditure) before tax for
the reporting period
Tax payable
Net income/(expenditure) after tax
before investment gains/(losses)
Net gains/(losses) on investments
Net income/(expenditure)
Extraordinary items
Transfers between funds
Other recognised gains/(losses):
Gains and losses on revaluation of fixed
assets for the charity’s own use
Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
122,845
-
-
883
-
-
123,728
60,749
17,704
-
18,101
96,554
27,174
-
27,174
-
27,174
-
-18,825
-
-
-
8,349
230,481
238,830		 Restricted
income
funds
£
192,135
-
-
62
-
-
192,197
-
234,402
-
-
234,402
-42205
-
-42,205
-
-42,205
-
18825
-
-
-
-23380
28,144
4,764		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
314,980
-
-
945
-
-
315,925
60,749
252,106
-
18,101
330,956
-15,031
-
-15,031
-
-15,031
-
-
-
-
-
-15,031
258,625
243,594		 Prior year
funds
£
425,551
-
-
1,416
-
-
426,967
42,244
542,565
-
18,680
603,489
-176,522
-
-176,522
-
-176,522
-
-
-
-
-176,522
435,147
258,625

The numbered notes attached to these accounts form part of the financial statements.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

BALANCE SHEET

Note
Fixed assets
Intangible assets
Tangible assets
9
Heritage assets
Investments
10
Total fixed assets
Current assets
Stocks
Debtors
11
Investments
Cash at bank and in hand
12
Total current assets
Creditors: amounts falling
due within one year
13
Net current assets/(liabilities)
Total assets less current liabilities
Funds of the Charity
Restricted income funds
14
Unrestricted funds
Revaluation reserve
Fair value reserve
Total funds		 Unrestricted
funds
£
-
947
-
1
948
-
12,665
-
226,917
239,582
1,700
237,882
238,830
-
238,830
-
-
238,830		 Restricted
income
funds
£
-
-
-
-
-
-
4,268
-
496
4,764
-
4,764
4,764
4,764
-
-
-
4,764		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total this
year
£
-
947
-
1
948
-
16,933
-
227,413
244,346
1,700
242,646
243,594
4,764
238,830
-
-
243,594		 Total last
year
£
-
722
-
1
723
-
6,730
-
253,942
260,672
2,770
257,902
258,625
-
28,144
230,481
-
-
258,625

The numbered notes attached to these accounts form part of the financial statements.

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with S.476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Approved by the Trustees on 23 December 2022 and signed on their behalf by

Patricia M Daley, Chair of Trustees

23 December 2022

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued on 16th July 2014 and the Financial Reporting Standard applicable in the United Kingdom and republic of Ireland (FRS102) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

The Trustees consider that there are no material uncertainties related to events or conditions that cast doubt on the charity’s ability to continue as a going concern. Our assets are sufficient to cover the anticipated contribution to the nursing service and our overheads.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period

1.5 Material prior year errors

No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP).

NOTE 2: ACCOUNTING POLICIES

2.1 Income

Recognition of income

Income is recognised in the Statement of Financial Activities (SOFA) when:

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and donations

Grants and donations are only included in the SOFA when the general income recognition criteria are met.

Legacies

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

Government grants

The charity has received no government grants in the reporting period.

Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

2.1 Income (continued)

Donated goods

Donated goods are usually given to the charity’s trading subsidiary, Pepper Events Limited, for use as prizes in raffles and auctions and are not accounted for in these accounts. Toys donated for the children are looked after by the Pepper nurses and handed over on receipt.

Donated services and facilities

Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.

Support costs

The charity has incurred expenditure on support costs.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the Trustees’ annual report.

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

2.2 Expenditure and liabilities

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance and support costs

Because of the level of the charity’s income, support costs have not been allocated between governance and other support.

Grants with performance conditions

The charity does not give grants with performance conditions.

Redundancy cost

The charity made no redundancy payments during the reporting period.

Deferred income

No material item of deferred income has been included in the accounts.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

Provisions for liabilities

A liability is measured on recognition at its historical cost.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

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The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

2.3 Assets

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year.

They are valued at cost.

The depreciation rates and methods used are disclosed in note 9.2.

Intangible fixed assets.

The charity does not have any intangible fixed assets.

Heritage assets

The charity does not hold any heritage assets.

Investments

The charity does not hold fixed asset investments in quoted shares, traded bonds and similar investments. Its only fixed asset investment is in its wholly owned trading subsidiary, Pepper Events Limited, a company incorporated in the UK with an issued share capital of £1.

Stocks and work in progress

There are no stocks held for sale as part of non-charitable trade.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Current asset investments

The charity has investments in cash with a maturity date of less than one year. These are held for investment purposes rather than to meet short-term cash commitments as they fall due.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

21

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

Note 3: Income

Donations and legacies:

Note 3: Income
Donations and legacies:
Analysis of income
Unrestricted
funds
£
Donations and gifts
79,273
Gift Aid
8,595
Legacies
General grants
provided by
government/ other
charities
18,825
Membership
subscriptions and
sponsorships which
are in substance
donations
7,941
Other - Donation from
Pepper Events Ltd
8,211
Total
122,845
Charitable activities
Analysis of income
Unrestricted
funds
£
Total
-
Other trading activities
Analysis of income
Unrestricted
funds
£
Fundraising
-
Total
-
Income from investments
Analysis of income
Unrestricted
funds
£
Interest income
883
Total
883
TOTAL INCOME
123,728		 Restricted
income funds
£
-
-
192,135
-
-
192,135
Restricted
income funds
£
-
Restricted
income funds
£
-
-
Restricted
income funds
£
62
62
192,197		 Endowment
funds
£
-
-
-
-
-
-
-
Endowment
funds
£
-
Endowment
funds
£
-
-
Endowment
funds
£
-
-
-		 Total funds
£
79,273
8,595
210,960
7,941
8,211
314,980
Total funds
£
-
Total funds
£
-
-
Total funds
£
945
945
315,925		 Prior year
£
79,974
7,477
66,000
263,950
8,150
-
425,551
Prior year
£
-
Prior year
£
-
-
Prior year
£
1,416
1,416
426,967

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

22

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

OTHER INFORMATION

Total income in the prior year was £426,967 of which restricted totalled £338,786. Within the 2021/22 income items above the following are material:

Trust Name Amount
Family trust £100,000 (£100,000 previous year)
Annette Duvollet Charitable Trust £30,000
Kenneth & Susan Green Foundation £20,000 (£20,000 previous year)
Private donation, in memorium £17,600
The Mill Charitable Trust £10,000 (£10,000 previous year)

NOTE 4: DONATED GOODS, FACILITIES AND SERVICES

The charity benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with accounting standards, the economic contribution of general volunteers is not measured in the accounts.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

23

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

Note 5: Expenditure

Expenditure on raising funds

Analysis of Expenditure
Unrestricted
funds
£
Restricted
income funds
£
Incurred seeking grants
18,305
-
Advertising, marketing,
direct mail and publicity
8,860
-
Other fundraising
33,584
-
Total expenditure on
raising funds
60,749
xpenditure on charitable activities
Analysis of Expenditure
Unrestricted
funds
£
Restricted
income funds
£
Grants to Rennie Grove
17,704
234,402
Grant to trading
subsidiary
-
-
Grants to individuals
-
Support costs
-
-
Total expenditure on
charitable activities
17,704
234,402
Other
Analysis of Expenditure
Unrestricted
funds
£
Restricted
income funds
£
Staff, office costs etc.
18,101
-
Total other expenditure
18,101
-
TOTAL EXPENDITURE
96,554
234,402		 Endowment
funds
£
-
-
-
Endowment
funds
£
-
-
-
-
Endowment
funds
£
-
-
-		 Total
funds
£
18,305
8,860
33,584
60,749
Total
funds
252,106
-
-
252,106
Total
funds
£
18,101
18,101
330,956		 Prior
year
£
10,500
5,126
26,618
42,244
Prior
year
£
542,000
-
565
542,565
Prior
year
£
18,680
18,680
603,489

Expenditure on charitable activities

Other

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

24

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

Note 6.1: Fees for examination of the accounts

Independent examiner’s fees
Note 7: Paid employees
7.1 Staff Costs
Salaries and wages
Pension costs (defined contribution pension plan)
Total staff costs		 This year
£
1,700
This year
£
50,092
3,062
53,154		 Last year
£
1,600
Last year
£
34,764
1,723
36,487

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

7.2 Average head count in the year

The parts of the charity in which the employees work:
Fundraising
Charitable Activities
Governance
Other
Total		 This year
Number
2
-
-
1
3		 Last year
Number
1
-
-
1
2

Note 8: Grant making

8.1 Analysis of grants paid (included in cost of charitable activities)

Analysis
Rennie Grove Hospice Care
Patients and their families
Total		 Grants to
institutions
£
252,106
-
252,106		 Support
costs
£
-		 Total
£
252,106
252,106

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

25

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022 NOTES TO THE ACCOUNTS (CONTINUED)

8.2 Grants made to institutions

The charity has made grants to a particular institution that are material in the context of its grantmaking.

Total amount Institution Purpose of grants paid £ Rennie Grove Hospice Care Funding the children’s hospice at home service 252,106

Note 9: Tangible fixed assets

9.1 Cost or valuation

Freehold
land &
buildings
£
At the beginning of the year

Additions

Revaluations

Disposals

At end of the year
-
.2 Depreciation and impairments
Freehold
land &
buildings
£
Basis
SL or RB
 Rate
At beginning of the year
-
Disposals
-
Depreciation
-
Impairment
-
Transfers
-
At end of the year
-*		 Freehold
land &
buildings
£



 Other land
&
buildings
£









-
Other land
&
buildings
£
SL or RB
-
-
-
-
-
-		 Other land
&
buildings
£



 Plant,
machinery
and motor
vehicles
£





-
Plant,
machinery
and motor
vehicles
£
SL or RB
-
-
-
-
-
-		 Fixtures,
fittings
and
equipment
£
1,275
698


1,973
Fixtures,
fittings
and
equipment
£
SL
33%
553
-
473
-
-
1,026		 Total
£
1,275
698
- - 1,973
Total
£
SL or RB
553
-
473
-
-
1,026

9.2 Depreciation and impairments

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

26

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

9.3 Net book value move

Freehold
land &
buildings
£
Net book value at the
beginning of the year
-
Net book value at the end of
the year
-
10.1 Fixed assets investments
Cash &
cash equi-
valents
Listed
invest-
ments
Carrying (fair)
value at beginning
of period
-
Add: additions to
investments
during period
-
Less: disposals at
carrying value
-
Add/(deduct): net
gain/(loss) on
revaluation
-
Carrying (fair)
value at end of
year
-
10.2 Analysis of investments above
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Other investments
Total		 Other land
& buildings
£
-
-
Invest-
ment
properties
-
-
-
-
-
-
-
-
-
-		 Other land
& buildings
£
-
-
Invest-
ment
properties
-
-
-
-
-
-
-
-
-
-		 Plant,
machin-
ery and
motor
vehicles
£
-
-
Social
invest-
ments
-
-
-
-
-
-
-
-
-




- -

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

27

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

Note 11: Debtors and prepayments

11.1 Analysis of debtors

Trade debtors
Prepayments and accrued income
Pepper Events Limited
Other debtors
Total		 This year
£
-
820
1,038
15,075
16,933		 Last year
£
-
793
1,202
4,735
6,730

Note 12: Cash at bank and in hand

Short term cash investments (less than 3 months maturity date)
Short term deposits
Cash at bank and on hand
Total
Note 13: Creditors and accruals
13.1 Analysis of creditors
Amounts falling due within
one year
This year
Last year
£
£
Accruals for grants payable
-
-
Bank loans and overdrafts
-
-
Trade creditors
-
-
Payments received on
account for contracts or
performance-related
grants
-
-
Accruals and deferred
income
1,700
1,600
Taxation and social
security
317
Other creditors
853
Total
1,700
2,770		 This year
Last year
-
-
210,510
240,607
16,903
13,335
227,413
253,942
Amounts falling due after more
than one year
This year
Last year
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Note 13: Creditors and accruals

13.1 Analysis of creditors

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

28

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022 NOTES TO THE ACCOUNTS (CONTINUED)

Note 14: Charity funds

14.1 Details of material funds held and movements during the CURRENT reporting period

R - restricted income funds, including special trusts, of the charity

Fund names
Type
Purpose and Restrictions
Pepper Nursing Fund
R
Support paediatric nursing team
Other funds (balancing figure)
R N/A
Total Funds as per balance
sheet
N/A		 Fund
balances
brought
forward
£
25,514
2,630
28,144		 Income
£
192,197
192,197		 Expenditure
£
-232,207
-2,195
-234,402		 Transfers
£
18,825
-
18,825		 Gains and
losses
£
-
-
-		 Fund
balances
carried
forward
£
4,329
435
4,764

Fund balances carried forward do not include assets and liabilities denominated in a foreign currency.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

29

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

14.2 Details of material funds held and movements during the PREVIOUS reporting period

R - restricted income funds, including special trusts, of the charity

Fund names
Type
Purpose and Restrictions
Pepper Nursing Fund
R
Support paediatric nursing
team
Other funds (balancing
figure)
R
N/A
Total Funds as per balance
sheet
R
N/A		 Fund
balances
brought
forward
£
134,328
1,695
136,023		 Income
£
325,286
13,500
338,786		 Expenditure
£
-434,100
-12565
-446,665		 Transfers
£
-
-
-		 Gains and
losses
£
-
-
-		 Fund
balances
carried
forward
£
25,514
2,630
28,144

Fund balances carried forward do not include assets and liabilities denominated in a foreign currency.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

30

The Pepper Foundation (Reg. No.: 02797940) for the year ended 31st March 2022

NOTES TO THE ACCOUNTS (CONTINUED)

Note 15: Transactions with trustees and related parties

15.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

15.2 Trustees' expenses

Type of expenses reimbursed
Travel
Subsistence
Other (please specify):
Online meeting charges
Christmas gift vouchers to staff & volunteer
Gift to leaving trustee
TOTAL		 This year
£
Last year
£
-
-
-
-
-
-
201
144
580
-
-
150
781
294

15.3 Transaction(s) with related parties

There have been no related party transactions in the reporting period.

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

31

The Pepper Foundation

Unit 3

Icknield Way Business Park Tring Hertfordshire HP23 4JX

01442 507311

pepper.org.uk

info@pepper.org.uk

facebook.com/pepperfoundation

@pepper_org_uk

the_pepper_foundation

linkedin.com/company/the-pepper-foundation-org

The Pepper Foundation (Reg. No. 02797940) Directors and Trustees’ Annual Report for the Year ended 31 March 2022

32