Charity rngistrdtion number 1064582 NEIL BRUCE COPP FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
NEIL BRUCE COPP FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Tru8tws Jonathan Bruce Copp Christina Stevens Secrntsry Christina Slevens Charity number 1064582 Reglstered offjce 109 Howards Lane Putney London SW15 6NZ Independent •xafflin•r SRG LLP 10 8oR Court 3rd Floor London EC4A 30A
NEIL BRUCE COPP FOUNDATION coKrENTS Page Twslees. report Independent examinerfs report Statement of finanLyal actiwties Balance sheet Note8 to the financial 8tstem8nlB
NEIL BRUCE COPP FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Tru8tees present their annual report and finanaal slalernen18 for the year ended 30 Sepiember 2024. The financial stalemenis have be8D prepared In aKordance wth the accounting polifi88 8et oul in note 1 to the fin8n(ial slatem8nt8 and compty wlth the Chartys trusl deed, the Ch8rities Act 2011 and "Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities prepaflng their accounts in 8coJrdanc8 wlth the Flnandal Reporting Sl8ndsrd applicable in the UK and Republic of Ireland (FRS 11Y2) (effective 1 January 2019)" ObCtIveS and actlvlti The Neil Bruce Copp Foundaiian (fonnerty NBC Wlnner Foundation) was set up on 1 April 1998. It operates as a Ch81ity for the b8nefil of children and young people, with preferenca given lo Ihose wrth cancer throwh the rellef Of disabilty and sickness, and the preservation and pfoleciion of heallh, The Tnjstees have paid due règarrl lo guidanc8 issued by the Charlty Commission in deLiding what activities th6 Chanty should undertake. The Trustee8 conslder that they have acted In the public benefit. To meet its objeclive8 the Foundatlon seeks io offer tharltable, financial and perxon81 support for young people with life-Ihr881gning ndlonS, sertous Illness, disabilty end disadvant8ga, wh8rg fulur8 IivèB are Impeded. Thls Is in conjun(aion with-The Ufe ¢1 a Young Person Fund.. A¢hleveménts and perfomiAnc• Thè Neil 8ruce Copp Found81ion donations has asslsted In making a signific8nt improvement lo ihe level of ca and Iraining that its benefidaries have been able to give lo both participants and slaff. The trusiees alm on maximising the Impact of our donaiions. so to Oplimise the reach and level of care to as many people as possib. The trusteos monilor the th8rity'$ investments and funds are prlmarfly invested in equities for long-lefm gr1h. The perfomiance for Iha year was consltjered satlsfactory, glven the markel conditions. Flnanclal rovlew Durlfi9 U)e year. invesknenl inwne rec8fved amounted lo £41,552 (2023: £38271). £13,000 (2023: £12,500) has been pald as grants In the year. The surplus for the year before Investrnent galns and losses amounted to £23.752 (2023: £20,371). Due to the genor81 market Uprn. there was an unreallsed gain on the Investments of £163.276 (2023: £41.515) for Ihg year. The Found81iDn ha8 applied £13.TrXI durfng the year to the following ch8ri18ble proj3 for the benefft of rthlldren and young people.. ASPH Firsi Touch Barnes RFC Loughborough JA Group £ 4,CQO12023: £5.(> £ 3.0 {2023: £2.500) £ 1,000{2023: £ nil) £ 5,C4)0 {2023: £5,CKIO) The thsrtty m8inlsin8 8 ngrO general un$1cted fund which is used to pay 8nnu81 grants. The Trustees ensu Ihai Ih8re are sufficient selVeS io cover at least fv40 years. worth of anticipated donations and sUPPOrt costs, approximating to a total of £SO,CQO. Reserves are signific8nUy in excess of this figure at the year.end. Reserves held atthe end ofthe year were £1,508.050 (2023.. £1.321.022}. Structur•i gov•rnanc• and management The Foundation was estsbllshed in 1998 and its registr81ion numbor is 1064582. The Charlty Is an unln¢orporate assoc4ab.on and Is govemed by its Trust Deed dal8d 9 July 1997 as amended by resolulion 29 July 1999, and fjjrthef amended 6 March 2018, when the name w88 changed from NBC Winner Foundation to Neil Bc& Copp Foundation.
NEIL BRUCE COPP FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees who senied dunn9 the year and up io the dale of signaturè of the Ilnanclal statements ivere: Jonathan 8wce Copp Chn81ina Slevens The Trustees awe members ol the same farnity and comprise the Board of Trustees, which mgngges the Charity. Tfustee appointments are reviewed on Sn annual basts. Rlsk manJggm•nt The Trustees have Identlfied the major rfsk as being poor inv88lmenl perfomance. Thi5 risk has been mHlgated by ensuring that a diversified investment portfollo Is held and that the inv9Stmenls 8re fully maintained by a qualified inve8lrneni m8n8ger And regularty reviewed by the Trustees. The Trustees are satisfied th81 they comply wilh Ihe guidelines issued by th¢ Chartties comm1sOn. Th8 T slees, report was approved by the Board of Trustees. Jcn Bruce Copp Date..
NEIL BRUCE COPP FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEIL BRUCE COPP FOUNDATION I report to the Trustees on my examination of the finanrAal st3t8m8nts of Neil Bruc8 Copp Found81ion (the Charity) for the year ended 30 September 2024. ResponslbllltleB and basls of report As the Trustees of the Charity you are responsible for the preparatlon of the llnandal statements in accordance with lh8 reqtsir8m8nts of the Charities Acl 2011 (the 2011 Acll. I report In respea of my examinaOn of the Charity's finandas statements carrled out under sertlon 145 of the 2011 Ad. In c8rrying oul my exsminalion I h8ve followed all the 8pplic8ble DireclK>ns given by Ihe Charity Commission under secli¢n 145{5)(b) of the 2011 Act. Indèpendent examinerfs statement Your 8ttention is dr8wn lo Ihe faLI that the d18rity has pr8P8red fin8nci81 st818m8nls in accordance with Accounting and Reporting by Charitso8 preparing Ihgir accounts in 8ccordanc8 Wrth thè Financi81 Reporting Slandard applicable in th8 UK and RepubliG of Ireknd {FRS 102) in preferenc8 lo the Accounting and Reportin9 by Charities.. Staternent of Recomrnended Pradco Issued on 1 Aprfl 2005 whlch Is referred lo In the extanl regulatJ¢ns but has now been withdrawn. l understand that this has been done in Order for financial statemenls lo provide a Irue and fair view in accordance with Ganerally Acc8pl8d Aceounting Pr8dice effective for reporting periodg beginning on or after 1 January 2015. I have c¢mpietèd my examlnatlon. I conflm that no matters have come to my attentton In ¢onneciion wlth the examination giwng me cause to believe that in any materi81 respect: a(xounling racords wefe not kept in r88pecl of the Ch8rity 83 required by seclion 130 of th8 2011 Ad: or the finanrial ststements do not accord with those records., or the flnanclal siaiements do not comply wlth the appllcable requlrements concemlng the form and Content of accounts set oul in the Charities (Accounts 2nd Reports) Regulations 2008 Oih¢r than any requirement that the accounts give 8 Irue and fair view which ts not 8 matter consFdered as P8rt of an independent exarninalion. I have no conc4m8 and havg come a(xoss no other matters in c4nneciion with the examination lo whith attention should be drawn In thls report In order to enable a proper understandlng ol the finanrial staternent3 to be reathe Name: TvOr CFarke Relevant professional quaIrfitIon or body: FCCA SRG LLP 10 Bolt Court 3rd Floor London EC4A 3DA
NEIL BRUCE COPP FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrn8trlctod Unrestricted funds fund3 2024 2023 Notes Income from: Invegtmenl$ 41.552 38,271 Total InGom¢ 41,552 38,271 Expenditure on: Ch8ri18ble aclivities 17,8W 17,900 Total •xp•ndlturn 17.800 17.900 Net g8inslOosses) on investments 183,278 41,S15 Net InGom• and movement in funds 187.028 61.886 Reconclllatlon ot funds: Fund balances at 1 October 2023 1,321,022 1,2S9,138 Fund balanc08 at 30 Septsmbgr 2024 1,$08.050 1,321.022 The statement of financial activities indud¢s all galns and Sosses recognised in th8 year. All inrAm8 and expendiiura deriv8 from Conlinuing 8clivili8s.
NEIL BRUCE COPP FOUNDATION BALANCE SHEET AS A T 30 SEPTEMBER 2024 2024 2023 Nots8 Fixed assets Investments 1,483.687 1,308.859 ¢uYrnnt assets Ca8h at bank and in hand 29,163 16.963 Credltor8: amounts falllng due wlthin ong year (4.800) (4,800) Net oJrr8nl a88ets 24.363 12,163 Total 4888ts less currnnt Ilablllde8 1,508.050 1,321,022 Income fund# Unrestrtded funds - genarnl 1,508,050 1.321,022 1.508,050 1,321,022 The nancial statements were approved by th8 Trusiees on .....,...........,....... Jon an BnJ¢e Copp Trujtsa
NEIL BRUCE COPP FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policl Charlty Informatlon Neil Bruce Copp Foundstion is an unincorporated chartty. The principal address of Ihg tharity is 109 Howards Lana, Lt)ndon. SW15 6NZ. The nature of the charitys op8r8tions 8nd rts principal actfvmes a set Out on pages 1 and 2. 1.1 Accountlng ¢¢nv¢ntlon The flnancial sl8temenls have been prepared in ac£ordance wtth Ihe Charities Act 2011 and "AcMunts"ng and Reporting by Ch3ritie8'. Statement ol RernMended Practice 8pplit3ble lo chant$ preparlng thelr acccunts in accordance wlth the Financial Reporting S18nd8rd applicable in the UK and Republic of Ireland IFRS 102) (effe¢tlve 1 January 2019)" The CharTty 13 8 PU1C Benefit Entty as defin¢d by FRS 102. The Charity has taken 8dvJnlag8 ol th8 provtslons in tho SORP for charities 8pptylng FRS 102 Update Bulletin 1 nol lo prepare a Statement ol Cash Flows. The financial statements have departed frcm the ch8rilie8 (Accounts and Reports) Régulations 2008 only to the ex1ent requlred lo provide a Iruo 3nd fair view. Thls departure has involved following Ihe Sl8t8ment of Recommended Practic8 for tharities applylng FRS 102 ralher th£n the version ol the Statement of Recommended Practice which Is referred to In the Regulations bul whith has since been wtthdfawn. The financaal statements are prePad in Sierling, whitSJ is th8 fiJnlonaI ojrrenty of the Charty. Mort8lary amounts In these finanoal slalem8nls 8r8 rounded to the nearest £. The financial glai8men13 have been prepared under the historical cost convention. modmted to Include inv8Stm8nls 81 fair value. The prlnclpal accounting policies 8dopled are Set out below. 1,2 Golng Concern Al the lime of 8pproving th8 financial statements. the Trustees have 8 re8sonable expectation that th8 Charity has adequate resources to continue in operational exlstenc¢ for the foreseeable fulure. on the bas15 that there are no malertal uncertainties. Thus the Trustees continue lo sdopt lh9 90ing concern basls Of a¢ntIng in preparing the financial statements. 1.3 Charilable fund8 UnreBtricted fvnds are avallable for use at the drxretion of the Trustees In furtherants of their charil8blg oblertives. All funds sre unrnslncted bjnds. 1.4 In¢ome Dividand and interest income from Investrnents are recognised when r1Ved by the charty. 1.6 Expendllure Llabilities are recognisad as expEnditure as s¢¢n as there is a legal or (xnslrudive obligalon ¢omrnftUng the Chariiy lo Ihe expendrture. All expenditure is accounted for on 8n 8ccrua18 basis and has been dassified under heading3 that aggregate all C*JSts related to the category. Gr8nt5 payable are payments made to third parties in the fvrth8rance of the ¢harflable objects of th8 ch8rity. In the case of an unconditional granl offef, this is 8cc¥ued once the redplent has been nolified of the grant award. The n¢tifi¢ation gives th8 recipient a reasonable expectation that they will receive the granl. Govamance costs comprlse all costs incurred in running the tharity Itself as an organisation, 8nd 118 compliance wlth regulation and good praclicg. Theso aro Included wiihin support costs, which have been 311orated to activity $£ ootegorigs on 8 basi8 consist8nt wrth Iha u6¢ of Iho rosourceg.
NEIL BRUCE COPP FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 AGGountlng polklos Icontlnuéd) 1.6 Flxod asset Inveglments Fixed 888et inv88tments are inrtialty measured at Iransacticft Pri including Ir8n¥aclion c4)8ts. and are subsequently measured at fair value at each reporting dale. Changes in fair value are recognlsed In net incomel(expendtlure) for Ihe year. 1.7 Cash and rAsh equlvalents Cash and cash equivalénts indude ¢8sh in hand, deposits held at call with banks, other short-term liquid investm8nl$ with 0ri9inal maturities of three rnonths Cr less. and bank ov6rdr8fts. Bonk Ove13ft6 are shown within bornylngs In current Ilabillties. Basic finaneial assets Basic fin8nci81 assets, wttl(* Incfude debtors and ¢ash and bank balances, aro inili811y measured at tr8n$athion price including transaction costs and are subsequenlly carried 81 gmortised cost uwng the 8ff8div8 interest method unless the arrangement constitLrtes a fin8n(ang Iransadion, where th8 transacuon Is measured at Ihe psent value of the future receipls discounted al a market rate of Interest. Flnandal asset$ dasslfied as receivable within one year Are not 8morti80d, Basle fln•nel81 Ilabllitles B2sic fin8ncial liabilili8s. Indudlng ¢redltors ènd bank loans are initially f8(x)gnis@d at tr8nsaclion prfcè unless th8 arrangement constitutes a financing transaction, where the debt instrument is measured at the present valua of the future paymenls discounted at 8 m8rket rate of Inler88t. Flnandal Ilabl1leS dasslled as payable wlthln one year are not emortiged. Debt instruments 8r8 8ub89quently earned at amortEsed cosl, Using the effectiv8 inler•8t rale Method. Trade Credktors are obligaiions to Pay for goods or servi¢98 that have been acqulred In the ordlnary course of operattons from suppliers. Amounts payable are classified as current liabilfties if payment is due within on8 year or less. If nol. Ih8y are presented as non.current Ilabilities. Trade creditors are re¢ogni8ed inilially at transaction price 8nd $ubsequenlty measured at am¢rtJsed cost using the effe¢tive interest melhod. Derncognltlon offlnanclal Ilabllltles Financlal IlabllKles are derecognised when the Charity's contradual obligalons explre or are discharged or cancelled, 1.8 Tax¥bon As the Trust is a registered Charity. it is nol liable to taxats'on. Claims are lodged With the Inspector of Taxtts for the repayment of 8ny tax deducted where approprlate. Income from Investments Unrpstrict•d Unrnstrictsd fund8 fund8 2024 2023 Income from listed inv8slment8 Inleresl receiwable 39,458 37.304 967 41,552 38,271
NEIL BRUCE COPP FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Exponditur• on charitsblo actlvftle8 Grdnts payablo 2024 Support osts 2024 Total Grants payable 2023 Support costs Total 2024 2023 2023 Dlrect costs Grants Fnade to Insthutlons Aco)untsnty Trustee expenses Independent examination 13,000 13.000 goo 3.000 900 12,500 12,5C 1.200 3,000 1.21JO 900 3,000 1.21)J 3.QCQ 13.ODO 4,800 17,800 12.500 5.40J 17.900 AMly41s by fund Unre8lrlcled fvnds 13,000 4,800 17.800 12.500 5,400 17,900 Employ The average monthty number of employees during thè ye8r was: 2024 Number 2023 Number TotBI There were no employees whose annual remuneration was more than £60,000. Romuneration of key managoment personnel There was no remuneration of key man8gement personnel durlng the year, and also the prior year Not gainsI(los> on InVtrnents Unrg¥trict8d Unrestricted funds fjjnds generdl general 2024 2023 Unrealised g8inl(loss) on assets durfng the year 163,276 41,515
NEIL BRUCE COPP FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Flx•d a88et investsnents L18ted Investments Cash In portfollo Tolal Cost or valuation Ai 1 O¢aober 2023 Unrealised galnsl(loss) on markot V81u8 Cash movement 1.273,322 163,276 35,537 1.308.859 163.276 11,552 11.552 At 30 Sepiember 2024 1,438,598 47.089 1,483,687 Carrying amount At 30 Sopl8mber 2024 1.436.598 47.089 1,483.687 At 30 September 2023 1,273,322 35,537 1,308,859 The book cost of th8 listed Investmenis held at fsir vslu8 as at 30 September 2024 was £965,284 (2023: £98S.284) Cr•ditor8'. 4mounts falllng duo wlthln one year 2024 2023 Accruals and dgferred in¢onie 4,800 4,80) Related party transaetlon9 No rèmuneration has been pald to the Trustees in Iho curront or pre¢edlng year. The charity h88 mel travel and adrninlstralive expenses of £3,Crf)O each {2023'. £3.000 each) incurred by the TrustB83 for seceS prowded to the chaiity. There were no reialed paty transadlons during the year.