REGISTERED CHARITY NUMBER: 1063380 Report of the Trustees and Unaudited Financial Statements for tho Period 3 April 2023 to 31 March 2024 for THE ANDERSON FOUNDATION
THE ANDERSON FOUNDATION Referencg and Administrative Details FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 TRUSTEES A C Short (resigned 12.2.24) M J Andeon A J Jay (appointed 12.2.24) PRINCIPAL ADDRESS Springfield Lodge Colchester Road Chelmsford CM2 5PW REGISTERED CHARITY NUMBER 1063380 INDEPENDENT EXAMINER Joe Dixey Apollo Accounting Limited Hope Farm. Astonefield Ashbourne.Derbyshire DE6 2GE BANKERS National Westminster Bank PLC Wanstead Branch 51-53 High Street London E112AB Page 1
THE ANDERSON FOUNDATION Report of the TrustgOS FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 The Trustees present their Financial Report and the Financial Statements of the charity for the period to 31 March 2024. The audited Financial Statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charitys goveming documenc the Chariiles Act 2011 and the Accounting and Reporting by Charities." Ststement of Recommended practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 (as amended for accounting period commencing from 1 January 2019). The accounts have been prepared to give a Ifue and fairf view and have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to give a true and fair view. Organlsatlon. Policy and Vision The Foundation was set up by Mark Anderson by trust deed dated 26 March 1997 and is registered as a charity in England & Wales number 1063380. The Foundation is established for the public benefit and has focused on running fundraising events to support other charities. Major chaiities that have benefftted from donations from Ihe Foundation a the NSPCC, the Marina Dalgleish Appeal. Breast Cancer Research, Help for Heroes, National Autistic Society. NHS Charities, GOSH, Shooting Stsrs Children's Hospices. HAE UK Havens House Childn,$ Hospice. Helen Rollason. MS Action Ltd, The D of E Award Scheme Limited, Shine, DT38 Foundation. New knfe. Ouys and St Tlionias Fouiiddlivii, Mului Neuiviiv Di5ea5e Asso¢ialion. Chance to Shine Foundation, Royal Trinity Hospi. Mates in Mind. Lighthouse Construction Industry Charity. New Trustees are appointed by the exisling Trustees wth a minimum of 2 TTUStees. The trustees agree the broad strategy and areas of activity induding making donations and all day to day operational activities. The charity has no paid staff and where possible administration seNices a promded pro bono by the Anderson Group. The Trusiees give their tsme and experb.se Ireely and no Trustee remunerabon was paid in the year. Grant making policy The Foundation has estsblished its grant making policy to achieNE its objects of public benefft. This policy ts rewewed regularly but in recent years has focussed on improving the lives of children on the autistic spectrum thereby advancing public benefit OBJECTIVES AND ACTMTIES Short tern) objectives We ran events lo raise money for the benefft of other charities and will continue to do so in the future. Slgnlflcant activities Our Chri3tma3 Luncheon in eaHy December 2023 proved great SUCGess. ra15ing £125,000 for the nominated charities. We had eight nominated charities. Shine a tharity specialising in spina bifida. DT38 Foundation. New Life, Guys and St Thomas Foundation, Motor Neurone Disease Association. chan to Shine Foundalion, Royal Trinity Hospice. Mates in Mind. Each charity reIving a share of £113.600. with the remaining fvnds still to be distributed. We also held a Dinner Dance in October 2023. Following the event a further sum of £40.000 vfts grven to the Association of Ukrainians in the UK In May 2023 we held the Chartty Golf event in Portugal. This vras attended by fvnty teams and deemed a succe55 by all those attending. At the period end the Foundation had unrestricted funds of £590.336 per balance sheet (2023. £639.986) We would like to thank all those companies, individuals and foundations who haNp helped us viith their Commiknent during the past year. We do not take your support for granted. Page 2
THE ANDERSON FOUNDATION Report of the Trustees FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 FINANGIAL REVIEW Reserves policy The accounts are set out on pages 4 to 8. Total reserves at 31 March 2024 were £639.459 (2023: £671,527). whith induded £49.123 of restricted funds (2023: £31.541). The Trustees do not consider it necessary to hold speafic reseryes to cover future fund4aising events as they lend to be self-financing. The Trustees have a reasonable expectstion that there are adequate finanoal resour5 to continue in operational eKstence for the foreseeable future. The risks facing the Foundation haNp been conshlered and the Trustees believe that there are no issues of any consequen¢e. FUTURE PLANS We will continue to hold future fvnd-raising events. We plan to run a variety of events during 2025. the annual Golf Challenge in Portugal in May, Gala Dinner in July. a Shoot in October and Christrnas Luncheon December. STRUCTURE, GOVERNANCE AND MANAGEMEI Governing document The charity is controlled by its governing document. 8 dÉÉd of truxt ard rDnstitul8s an iininr£JrFKtrrated charity. Approved i2-/-2i2< derofthe board oftrustees on ........ .................................... and signed on its behalf by.. M J knderson- Trustee Page 3
Independent Examinerfs Report to the Trustees of The Anderson Foundation Independent examiner's report to the truslees of The Anderson Foundation I report to the charity trustees on my examination of the accounts of The Anderson Foundation (the Trust) for the period 3 April 2023 to 31 Marth 2024. Responsibilities and basls of report As the charity trustees of the Tnjst you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {'the ACV). I report in respeci of my examination of the Trusvs accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Chartty Commission under section 145(5){bl of the Act. Independent examingvs statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because l am a registered member ofACCA which is one ofthe listed bodies. I have completed my examination. I confim that no material matiers have come to my attention in connection with the examination glving me cause to believe that in any material respect. accounting records were not kept in respect ofthe Trust as required by section 130 of the Act or the accounts do not geeord with th0sg rgcords- or the accounts do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no cOnM$ 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. Joe Dixey Apollo Accounting Limited Hopg Farm, Aslonefield Ashboume,Derbyshi DE6 2GE Ibis. Page 4
THE ANDERSON FOUNDATION Statement of Financial Activities FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 Period 3.4.23 Period 4.4.22 to 2.4.23 Total funds 31.3.24 Total funds Unrestricted fvnds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 41.621 18.360 59.981 81,363 Charitable activities Event table charges Event auction receipts Event specific donation5 10.000 212,296 115.157 143.362 407.106 15.800 153.362 619,402 130.957 110.974 219,965 236.128 Investrnent income 7.935 7.935 3,091 Total 367,009 584.628 971.637 651,521 EXPENDITURE ON Raising funds 65.451 65.451 33,541 Charitable activities Event auction receipts Event specific donations Event expenses GovernanGe costs Donations Made 194.210 262,476 456.686 155.976 299.874 199.180 68,587 25.495 62.690 88.813 150,g70 176,465 62,690 242.413 153.600 Total 436.659 567.046 1.003.705 757,158 NET INCOMEI{EXPENDITURE) (49,650) 17.582 (32.068) (105.637) RECONCILIATION OF FUNDS Total funds brought forward 639.986 31.541 671,527 777,164 TOTAL FUNDS CARRIED FORWARD 590.336 49.123 639,459 671,527 The notes form part of these financial statements Page 5
THE ANDERSON FOUNDATION Balance Sheet 31 MARCH 2024 31.3.24 2.4.23 Notes CURRENT ASSErs Stocks Debtors Cash in hand 12 13 55.613 269,914 654.752 40.768 299.566 644,001 980.279 984.335 CREDITORS Amounts falling due V4ri1hin one year 14 1340.820) {312.808) NET CURRENT ASss 639.459 671,527 TOTAL ASSETS LESS CURREKf LtABILmES 639.459 671.527 NET ASss 639,459 671,527 FUNDS Unrestricted funds Restricted funds 17 590,336 49,123 639,986 31,541 TOTAL FUNDS 639,459 671.527 The financial statements on pages 7 to 9 We approved by the Board of Trustees and authorised for issue on .. and WEre signed on its behalf ty. M J Anderson- Trustee The notes form part of these financial statements Page 6
THE ANDERSON FOUNDATION Cash Flow Statemgnt FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 Period 3.4.23 to 31.3.24 Period 4.4.22 to 2.4.23 Notes Cash flows frorn operating activities Cash generated from operations 20 2,816 (207.939) Net cash provided byl{used in) operating activities 2,816 {207.939} Cash flows from investing activities Inlerest received 7.935 3.091 Net cash prowded by investing activities 7.935 3,091 Change In cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting perfod 10,751 (204,848) 644.001 848,849 Cash and ¢ash equlvalents atthe end of the reporting period 654,752 644.001 The notes form part of these financial statements Page 7
THE ANDERSON FOUNDATION Notes to the Financial Statements FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 ACCOUNTING POUCIES Basis of preparing the financlal statements The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practi.. Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102} issued on 1 January 2019 and Financial Reporting Stsndard applicable in the United lQngdom and Republic of Ireland (FRS 102) as amended for accounting period commencing from 1 January 2019 and the Charits'es Act 2011 and UK Generally Accepted prad1 as it applies from 1 January 2019. The accounts have been prepared to give a Irue and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to promde a 'true and fair wew. This departure has involved followng Accounting and Reporting by Charities preparing their accounts in accordance wtth the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) issued on 1 January 2019 rather than the Accounting and Reporting Charities: Statement of Recommended Practice effective from 1 April 2Q05 which has Sin been withdrawn. Going concem The Trustees consl¢Jer the use of the golng COnM basls of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the Foundation to continue as a going concem. The Trustees have assessed the Foundations actimties and financial resources. The Tnjstees believe that the Foundation can easily match income to donations made such that cash flow is balanced. Consequently the Trustees have a reasonable expertation that the Foundation has adequate resour$ to continue in operational existen for at least 12 months from the date of this report. Accordingly the Trustees conb'nue to adopt the going concem basis in preparing the financial ststements. Public benefit entity The charity constitutes a public benefft entity as defined by FRS 102. The charity rs a trust that is domiciled 2nd incorporated in Enoland and WalÈs. Fund accounting Unrestricted funds are expendable at the disuelion ofthe Twstees in furtherance of the objects of the Charity . Restricted fijnds comprise monies where a restriction has been placed on their use by a donor {for a purpose which falls wthin. but a naffower than the general charitable objectives). Re5triGtsd funds are distributed in accordance with the terms of the applicable restriction. Income All incoming resour$ are included in the statement of finanaal activitses b*Jen the Foundation is legally entitled to the income. there is Sufficient probability of receipt and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular calegones of income: Voluntary income is received by way of donations and included in full in the statement of financial activities on receipL Incoming resources from interest is induded in the statement of financial activities and credited on a receivable basis. - Income from events is recognised in the period in which the ent 0¢r$. - Income related to goods donated for auction is recogni$ed when the income is received. Expgnditure Expended resources Include all material costs on an accruals basis. Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the Foundation in the delNery of its actiwties and seNces for its beneficiaries. All Costs are allocated belween the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Page 8
THE ANDERSON FOUNDATION Notos to the Financial Statements - continued FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 ACCOUNTING POLICIES - continued Intanglble fixèd assets Intangible assets are init1211y recognised at cost and are subsequendy measured at cost less accumulated amortisation and accumulated impainnent losses. Intangible assets are amort15ed to profit or loss on a straight-line basis over their usefvl lives, as foll¢)ws'.- Purchased computer Soare- 50% straight line basis Amortisation is rewsed prospectively for any significant change in usefijl life or residual value. On disposal the difference between the net disposal proceed5 and the carying amount ofthe intangible asset is recognised in profft or loss. Stock Stocks are stated at lower of cost and net reali5able value. When an itsm is donaled or sold it is recognised in the statement of financial activtties at fair value, which is Ihe amount the chatity would have been wlllng to pay for the iiems on Ihe open marKeL Fund accounting Unrestricted funds can be used in aordanCe the charitable objecttves at the discretion of the trustee$. RestrTrcted funds can only be used for parbcular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor orvthen funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each tund is included in the note5 to the financial statements. Hlre purchase and leaslng commltments Rentals paid under operating leases are charged to the Staternent of Financial Activities on a straight line basis over the period of the lease. Financial Instrnents Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilibes or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities. Financial assets Basic financial assets, bthich included sundry debtors. are initially measured at transaction price including transaction costs and are subsequenlly carried at frdir value. Financial liabilities Basic financial liabilities, which include accruals and trade creditor5. are initially measured at transaction price and subsequendy measured at amortised cost Taxation The Foundation is a registered charity and as such Its income and gains falling within Sections 466 to 493 of the Corporation Tax Act 2010 or Section 252 of the Taxation of Chargeable Gains Act 1992 are exempt from corporatson tsx to the extent that they are applied to its charitable objectives. Irre¢overable VAT The Foundation is not registered for VAT. therefore irrecoverable VAT is induded with the costs to which it relates. Leases Rentals payable under operating leases, including any lease inntiVeS received. are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattem in which economic benefits from Ihe leases asset are consumed. Page 9
THE ANDERSON FOUNDATION Notes to the Financial Statomonts - continued FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 DONATIONS AND LEGACIES Period 3.4.23 Period 4.4.22 to 2.4.23 31.3.24 Donations- Unrestricted Donations- Restrlcted 41,621 18.360 71.662 9,701 59.981 81.363 INVESTMENT INCOME Period 3.4.23 Period 4.4.22 to 2.4.23 31.3.24 Interest receivable- trading 7,935 3,091 INCOME FROM CHARITABLE AcTIVlEs Period 3.4.23 Period 4.4.22 to 2.4.23 31.3.24 Activity Event tsble charges Event auction receipts Event specific donations Event table tharges Event auclion receipts Event specffic donalions 153,362 619,402 130,957 110.974 219,965 236,128 903,721 567,067 RAISING FUNDS Raising donations and legacies Period 3.4.23 to 31.3.24 Period 4.4.22 to 2.4.23 Other operating leases Gallery njnning costs 14,400 51,051 14.400 19.141 65,451 33,541 Page 10
THE ANDERSON FOUNDATION Notes to the Financial Statements - continued FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 CHARITABLE ACTMTIES COSTS Support costs (see note 7) Dire Costs Totals Event auction receipts Event expenses Governan costs Donations Made 456.686 176,465 62.690 242.413 176,465 65.990 242.413 (3.300) 941.554 {3.300) 938,254 SUPPORT COSTS Governance costs Gov¢[nan Go3ts (3.300) AUDITORS. REMUNERATION Period 3.4.23 to 31.3.24 Period 4.4.22 to 2.4.23 Fees payable to the oharivs auditors for the audit ofthe charitys financial statements (3.300) 12.600 TRUSTEES. REMUNERATION AND BENEFftS There were no trustees. remuneration or other benefits for the period ended 31 March 2024 nor for the period ended 2 April 2023. Trustees, expenses There were no trustees. expenses paid for the period ended 31 March 2024 nor for the period ended 2 April 2023. 10. STAFF COSTS The charity has no paid stsff. Trustees are considered to be key management personnel. 11. INTANGIBLE FIXED ASSETS Computer software COST At 3 April 2023 and 31 March 2024 11,340 AMORTISATION At 3 April 2023 and 31 March 2024 11.340 NET BOOK VALUE At 31 March 2024 At 2 April 2023 Page11
THE ANDERSON FOUNDATION Notes to the Financial Statements - continued FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 12. STOCKS 31.3.24 2.4.23 stocks 55.613 40.768 13. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.24 2.4.23 Other debtors Prepayments and accrued in¢ome 205,124 64,790 207,735 91,831 269,914 299.566 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 2.4.23 Trade creditors Deferred income Accruals 44.656 243.606 52,558 56,088 157,493 99.227 340.820 312,808 Deferred income totalling £243.606 (2023: £157.493) represents amounts received in advance of future events. £157,493 brought forward defeffed income vtss released during the Current year with a fvrther £243,606 reIVed during the year. 15. LEASING AGREEMENTS Minimum lease panents under nOnnce[lable operating leases fall due as follow5". 31.3.24 2.4.23 Within on6 year Between one and five years In more than five years 14,400 57,600 214.800 14.400 57.600 229,200 286,800 301,200 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total fiJnd5 2.4.23 Totsl funds Unrestricted funds Restricted fijnd Current assets Current liabilities 931.156 {340,820) 49.123 980.279 {340.820) 984,335 (312.808) 590.336 49.123 639.459 671,527 Page 12
THE ANDERSON FOUNDATION Notes to the Financial Statements - continugd FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 17. MOVEMENT IN FUNDS Net movement in fvnds At 31.3.24 At 3.4.23 Unrestricted funds Unrestricted fund 639,986 149,650) 590,336 Restricted funds Restricted 31,541 17,582 49,123 TOTAL FUNDS 671.527 {32.068) 639.459 Not movement in funds, induded in the above are as follows.. Incoming resource5 Resources expended Movement in fijnds UnrestTiCted funds Unrestricted fvnd 387,009 (436,659) (49,650) Restricted funds Restricted 584,628 (567,046) 17,582 TOTAL FUNDS 971.637 (1.003.705) {32.068) Comparatives for movement in funds Net rnovement in fvnds At 2.4.23 At 4.4.22 Unrestrlcted funds Unrestricted fund 702.403 (62,417) 639.986 Rostrictod funds Restricted 74.761 {43,220) 31,541 TOTAL FUNDS 777,164 (105,6371 671.527 Page 13
THE ANDERSON FOUNDATION Notes to the Financial Statements - eontinugd FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 17. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are as follows: Incoming reSoUrS Resources expended Movement in funds Unrestrl¢ted funds Unrestricted fund 126.313 (188,730) (62,417) Restiicted fund$ Restricted 525,208 {568.428) (43,220) TOTAL FUNDS 651.521 {757,158) (105.6371 Restrtcted amounts Compromlse nei amounts raised specifically for AssooaDon of UKranians In (?real Ejntain Lta, Boxer Barbers. Shine. DT38 Foundation. New Life. Guys and St Thomas Foundation. Motor Neurone Disease Association. chan to Shine Foundation, Royal Trinity Hospice. Mates in Mind that have all been formally donated at 31 March 2024. Its is at the Trustees, discretion what percentage each tharity leiVes. Income and expenditure s incurred during the financial year in support of these indiwduals. with the restricted funds at 31 March 2024 of £49,123 reflecting amounts reiVed and not yet spent 18. RELATED PARTh DISCLOSURES The Anderson Development Group support The Anderson Foundation through the provision of pro bono services and attending fundraising events. the setvice5 cannot be reliably quantified. Mark Anderson Is a 1ctor and shareholder. Included within other debtors are amounts totalling £NIL (2023 £10.791) due from the Anderson Group of Companies. 19. ULTIMATE CONTROLLING PARTY There is no controlling paty. 20. RECONCILIATION OF NET EXPENDrruRE TO NET CASH FLOW FROM OPERATING ACTIVITIES Period Period 4.4.22 to 2.4.23 3.4.23 to 31.3.24 Net expenditure for the repong period (as per the Statement of Financial Activltles) Adjustments for: Interest received Increase in stod(s Decreasel(inctease) in debtors Increase in creditors (32.068) (105,637) {7.935} {14.845) 29.652 28.012 (3,0911 112.8481 (88.328) 1.965 Net cash provided byl(used in) oporations 2.816 1207.93g} 21.. ANALYSIS OF CHANGES IN NET FUNDS At 3.4.23 Cash flow At 31.3.24 Net cash Page 14
THE ANDERSON FOUNDATION Notes to the Financial Statomonts - continued FOR THE PERIOD 3 APRIL 2023 TO 31 MARCH 2024 21.. ANALYSIS OF CHANGES IN NET FUNDS - continued Cash at bank and in hand 644.001 10.751 654.752 644.001 10.751 654.752 Total 644.001 10.751 654,752 Page 15