REGISTERED CHARITY NUMBER: 1080229
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
FOR
LAUREN PAGE TRUST
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
LAUREN PAGE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 October 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
LAUREN PAGE TRUST
REPORT OF THE TRUSTEES for the year ended 31 October 2023
The trustees present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity shall be for the advancement of education and the protection and preservation of public health by promoting research into premature babies in particular but not exclusively in the special care baby units at Kings College and Whipps Cross Hospital, and into the medical problems which may affect women during pregnancy, and by promoting the dissemination of the useful results of such research. Additionally, the charity provide relief, care and treatment of premature and newborn babies and their mothers, in particular but not exclusively at the above named institutions.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Lauren Page Trust is a charity set up to raise money to further the work of Consultant Obstetric Physicians who deal with women who have serious health problems during pregnancy often resulting in premature births.
Also, we support the work of Neonatal Units within the Greater London area in the form of research, specialist staff and equipment.
Money raised by the Lauren Page Trust has gone to several pieces of research into the causes of and cures for Obstetric cholestasis, at both Imperial College and King's College. The Trust has been mentioned as a key sponsor in several medical journals and lectures which have revealed groundbreaking discoveries into the disease.
FINANCIAL REVIEW
Financial position
The financial results for the year to 31 October 2023 are shown in the attached financial statements.
The income increased from £20,761 to £41,741 due to more income from fund raising. The expenditure increased from £30,607 to £56,915 in comparison with the previous year.
There was a net decrease in funds of £15,174 with total unrestricted funds carried forward of £83,785 (2022 - £98,959).
COVID-19
Since the beginning of 2020, the Covid-19 pandemic has developed rapidly, with significant social and economic impact. We have taken a number of measures to monitor and ensure the health and safety of our employee, volunteers and end beneficiaries. At this stage the impact on our ability to continue with our charitable activities is not significant. We have adapted our fundraising and trading activities to comply with government's policies and guidance.
Investment policy and objectives
Under its trust deed the charity has the power to invest in any way the trustees wish.
The trustees, having regard to the liquidity requirements of operating the charity have maintained a policy of keeping available funds in interest bearing deposit accounts.
Reserves policy
The Trustees have established a policy whereby the funds not committed, designated or invested in tangible fixed assets (the "free reserves") held by the charity should be equal to six months of its usual level of total resources expended. This equates to approximately £28,450 (2022 - £19,300).
At this level the trustees consider that they would be able to continue the charity's present activities in the event of a significant drop in funding. At present the actual reserves are £83,785 (2022 - £98,959) which is considered adequate.
FUTURE PLANS
The charity will continue to promote any other projects advancing education and the protection and preservation of public health.
Page 1
LAUREN PAGE TRUST
REPORT OF THE TRUSTEES
for the year ended 31 October 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
New trustees are appointed due to their interest in the work of the charity and their recognised experience in specific fields which will further support the work of Lauren Page Trust.
Organisational structure
The day to day operation of the charity is controlled and managed by the trustees.
Applications for grants are considered by the trustees and reviewed in depth for final approval.
The trustees also consider to what extent any grant paid has been fulfilled by the recipient and they may not extend any future grant if the objectives have not been achieved by the recipient.
Induction and training of new trustees
New trustees are given a full induction by the other trustees of the charity.Trustees can retire when they wish as they do not serve under a fixed term of tenure.
Risk management
The Trustees regularly undertake a review of the major risks to which the charity is exposed, and systems designed to mitigate those risks are considered on an ongoing basis.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1080229
Principal address
18 Dunmore Court Dunmore Drive Shaldon Teignmouth Devon TQ14 0BS
Trustees
Mr N J Page Trustee Miss C L Page Trustee Mr M A Solomons Trustee Mrs J Deudney Trustee Mrs N Giddens Trustee Mr I B Robinson Trustee Mrs S Commins Trustee Mr K Scripps Trustee
Independent Examiner
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
Page 2
LAUREN PAGE TRUST
REPORT OF THE TRUSTEES
for the year ended 31 October 2023
PUBLIC BENEFIT STATEMENT
The board have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives set.
STATEMENT OF TRUSTEE RESPONSIBILITY
Company law requires the trustees to prepare financial statements for each financial year to give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources including income and expenditure, for the financial year. In preparing these financial statements, the trustees
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select suitable accounting policies and then apply them consistently;
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made judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on a going concern basis, unless it is inappropriate to assume that the charitable company will continue on that basis.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charitable company so as to enable them to ensure that the financial statements comply with the Companies Act 1985. We are also responsible for safeguarding the assets of the charitable company by taking reasonable steps for the prevention of fraud and other irregularities.
Approved by order of the board of trustees on 31[st] August 2025 ............... and signed on its behalf by:
........................................................................ Miss C L Page - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAUREN PAGE TRUST
Independent examiner's report to the trustees of Lauren Page Trust
I report to the charity trustees on my examination of the accounts of Lauren Page Trust (the Trust) for the year ended 31 October 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form 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 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.
Mr Thurairatnam Sudarshan
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
Date: .............................................
Page 4
LAUREN PAGE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 October 2023
| Notes 2023 Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 17,407 Other trading activities 2 23,995 Investment income 3 339 Total 41,741 EXPENDITURE ON Raising funds 4 13,270 Charitable activities 5 Education and public health 43,717 Total 56,987 NET INCOME/(EXPENDITURE) (15,246 ) RECONCILIATION OF FUNDS Total funds brought forward 98,959 TOTAL FUNDS CARRIED FORWARD 83,713 |
2022 Total funds £ 1,941 18,681 139 20,761 8,607 30,000 38,607 (17,846 ) 116,805 98,959 |
|---|---|
The notes form part of these financial statements
Page 5
LAUREN PAGE TRUST
BALANCE SHEET 31 October 2023
| Notes 2023 Unrestricted fund £ CURRENT ASSETS Cash at bank 84,745 CREDITORS Amounts falling due within one year 10 (1,032 ) NET CURRENT ASSETS 83,713 TOTAL ASSETS LESS CURRENT LIABILITIES 83,713 NET ASSETS 83,713 FUNDS Unrestricted funds 11 83,713 TOTAL FUNDS 83,713 |
2022 Total funds £ 99,439 (480) 98,959 98,959 98,959 98,959 98,959 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on .31[st] August 2025 .................. and were signed on its behalf by:
............................................. Miss C L Page - Trustee
The notes form part of these financial statements
Page 6
LAUREN PAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Exemption from preparing cash flow statement
The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirements to prepare such a statement under Charities SORP (FRS 102) Update Bulletin 1, Module 14.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants payable
Grants payable are included in the period when any relevant conditions are met by the receiving entity. Payment of later instalments of a grant usually requires satisfactory progress reports from the project.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Charitable activities
The cost of charitable activities confirm those incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the audit fees and costs linked to the strategic management of the charity.
Taxation
The charity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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LAUREN PAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 October 2023
1. ACCOUNTING POLICIES - continued
Creditors and provision
Creditors and provision are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provision are recognised at the moment the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payments where such discounting is material.
Cash at bank and in hand
Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
2. OTHER TRADING ACTIVITIES
| Fundraising events INVESTMENT INCOME Deposit account interest RAISING FUNDS Raising donations and legacies Postage and stationery Computer expense Support costs |
2023 £ 23,995 2023 £ 339 2023 £ - 392 480 872 |
2022 £ 18,681 |
2022 £ 18,681 |
|---|---|---|---|
| 2022 £ 139 2022 £ 76 437 480 993 |
|||
| 993 |
3.
4. RAISING FUNDS
continued...
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LAUREN PAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 October 2023
5. CHARITABLE ACTIVITIES COSTS
| 5. | CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|---|
| Grant | ||||
| funding of | ||||
| activities | Support | |||
| (see note | costs (see | |||
| 6) | note 7) | Totals | ||
| £ | £ | £ | ||
| Education and public health | 43,645 | 72 | 43,717 | |
| 6. | GRANTS PAYABLE | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Education and public health | 43,645 | 30,000 | ||
| The total grants paid to institutions during the year was as follows: | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| King's College London | 43,645 | 30,000 | ||
| 7. | SUPPORT COSTS | |||
| Governance | ||||
| costs | ||||
| £ | ||||
| Raising donations and legacies | 480 | |||
| Education and public health | 72 | |||
| 552 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.
9. INDEPENDENT EXAMINERS FEES
The Independent Examiners fees for the year ended 31 October 2023 were £552 (2022: £480).
continued...
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LAUREN PAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 October 2023
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 11. MOVEMENT IN FUNDS At 1.11.22 £ Unrestricted funds General fund 98,959 TOTAL FUNDS 98,959 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 41,741 TOTAL FUNDS 41,741 Comparatives for movement in funds At 1.11.21 £ Unrestricted funds General fund 116,805 TOTAL FUNDS 116,805 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 20,761 TOTAL FUNDS 20,761 |
2023 2022 £ 1,032 £ 480 Net movement At in funds 31.10.23 £ £ (15,246 ) 83,713 (15,246 ) 83,713 Resources Movement expended in funds £ £ (56,987 ) (15,246 ) (56,987 ) (15,246 ) Net movement At in funds 31.10.22 £ £ (17,846 ) 98,959 (17,846 ) 98,959 Resources expended £ Movement in funds £ (38,607 ) (17,846 ) (38,607 ) (17,846 ) |
|---|---|
continued...
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LAUREN PAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 October 2023
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.11.21 | in funds | 31.10.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 116,805 | (33,092 ) | 83,713 |
| TOTAL FUNDS | 116,805 | (33,092 ) | 83,713 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 62,502 | (95,594 ) | (33,092 ) |
| TOTAL FUNDS | 62,502 | (95,594 ) | (33,092 ) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2023.
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LAUREN PAGE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 October 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Postage and stationery Computer expense Other trading activities Other direct costs Charitable activities Grants to institutions Support costs Governance costs Accountancy and legal fees Total resources expended Net expenditure |
2023 £ 2022 £ 17,407 1,941 23,995 18,681 339 139 41,741 20,761 - 76 392 437 392 513 12,398 7,614 43,645 30,000 552 480 56,987 38,607 (15,246 ) (17,846 ) |
|---|---|
This page does not form part of the statutory financial statements
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