Charity Commisslon No 1080599 Companies Hou56 No 03736648 Organisatlon for Sickle Cell Anaemia Research (OSCAR) Sandwell Company Limited Report of the Trustees and Unaudited Financial Statements For the Year ended 31 March 2024
Organlsatlon for Slckle Cell Anaemla Research {OSCAR) Sandwell Index to tha financial statements For tho year ended 31 March 2024 Pag8 The Committee, Advisors & Registration Details Report of the Committee Independent Examlner's Report Statement of Financial Activiti8S Balance Sheet Notes to the Flnancial Statements 9-15
Organisatlon for Slckle Cell Anaemla Research IOSCAR) Sandwoll The Committee, Advlsors & Reglstratlon Details For the year ended 31 March 2024 Company Se¢relary: Miss R Mcfee Commltteo of Managament: Name P Brocklesby R McFe8 C Ffrench Appolnted 11 Septemb8r 2013 22 October 2010 17 November 2018 Resigned Indapendont oxarnlners". Severn Accountlng Shaw Mews 1 Shaw Street Worcester WR13QQ Registratlon dotall8'. Charlly Commission (Number 1080599) Companle8 Regl8tralion Numbar: 03736648 Reglstered Office: 120 Lodg& Street W8St Bromwich West Midlands B70 8PL
Organtsatlon fc Slckle Céll Anaem14 Research IOSCARI 8andwell TNslees Roport Ilncludlng Dlrector4' Raportl For the year ondtd 31 March 2024 Tho Truxtee8 PMSgllt thelr report togèlhor wlth th flnan¢lal stat•m¢nl¥ for thè yoar ended 31 March 2024. Prln¢lpal Actlvitlgs Our key &cl1vlg8 are thg provl8l¢J) ol &lv5co 8nd InfmatI, ralBlng awaren6$8, educatlon and trlnln9, health promcxlon, user group. 8wlal actlvi1189. volunlew6, 81udent placemgnl and wolfr eYPerf&n and 80clal medla, OSCAR San¢J%¥ell Company Llmiled Is lncorpcyatj und8r th• Ch&illss Act 2011 and und8r comp118 Act 200e Golng Conc•rn Al ihe Ilthe of approvlng tho accLwn16, the Iru3tees hjve 8 reax)nabJo expeclatlon that the ¢h8rfly hgs &le4Uat& rasouKe¥ lo conllnuo In opera¢lonal oyjstonce fc¢ the for688b19 future. Thu8, the tru8le95' contlnue lo adopt tha golTra w¢ern ba6 of aCcntIng In pr8POrtng the aecounts. 81ot•m8nt of th• r•wponslbllltlo1 of th• Commltt•g Th& Commltte8 18 rg$pon81ble for prBwln9 the Roport of Ihe Tru$19tr8 and the flnanclgl statemlS In accordanc8 wllh appllc8bl8 law and rUlatIOnS. Charlly CMIsl 18glslatlon requlre8 the Comrnltta8 lo pr4)arv 11nancl gtat8ments for &ach finoncld year. Under that the Irusteeg hav8 pted the provlslon ol the Slaloment ol Recommonded Pracllce ISORPI, AccountlTho R6p(rtng by Charflles In acCdCe %vlth FRS 102 °Th6 FlnoThclal Repc¥tlng sdard appllcable In tho UK end R•publlc of Ire18nd l. In prewlng Ihe8o fjnanclal $talornenlB, th8 Iru8188s are requlred lo,, 9&th1 Bultthlo countlng wllcles then ply th8m cM8lslgntly maludgMen16 and osllmate¥ that ar8 rea8onabl¢ and prlt., state whether oppllcabla UK Accounllng Standards ha been fr>llLwed, oublgct Ic 8rny malofi81 departur88 di8¢10$ and explalned In the finan¢lal 818twn6nt8,' In¢J prepare the flnan¢l4 slalemenl8 on golng concern ba419 unl688 h Inapproprlate lo presuma Ihal th cc¥np8ny wlll ntInue In bu8lne$s. The Ccmmlllee18 re8pon8lbl& Icr keeplng propor accountlng recd5 whlch dlsoltsse wlth règsonable accu1Y al Y tlme tho flnanclol pjsltion of Ihg chaAty and end) 11 lo ansure that tho flnanclal slalemenl$ ¢vmply wlth tha Challleg Act 2011. It Is al30 reSble for gafeguardlrYJ the asset8 01 thg Ch&rfly and h8nc• for laklng reasonable $18P8 for tho prfyvenllon d9¢tIc ¢1 fraud other Irregularllies. Dl#clofjur8 ol Intorniatlon lo Ind•pènd•nt oxamlngrs In 80 far as each of Iha tru81oe8 Ss awar0.' thoro 1$ r)0 relevant inloimatlon of whloh the charltys Independant oxamlners aro unaware.. the tru8toas h8YQ ta(en o118tepp thal Itw oughl to have tsken lo make Ihefflsdvas sware of ary wlevanl Infomalion and to establi8h that th8 Independent bxaminers$ are aww8 Df thal Inlormauon.
Organlsatlon for 81oklg Cell Ana8mla Rèsearch IOSCARI Sandwell Rgport of the Commltt•e For the year endod 31 March 2024 {contlnued ObJ•ctfv•s and •ctivitses The profilo of OSCAR Sandwell Company Llmlted CcmtInL lo steadily gmw localty, reIallY and natlonally. Our kay aBtivilles are th8 pmvision of aKlvlco 8nd InfML10n, ralslng 8warene88. educ1¢ and trdnlng, health pronolion, u¥eT group, swlal act111, volLJnte8, Student placenent K 6xper18nce and socw media. The charills objectS 8r8= to Bupport WKI pr(¥note persons who 8re Ilving wlth thp effects of Sl¢kle Cell and Thala5sa8rllla dlBorder8 and to prL¥note public 3waren058 knoNledgo ol Ih88e dlslxders wittilll the Sondwgll Thè m&ln 8Bs of OSCAR Santheifs acutY are th& provlslDn of and Inf(¥Thatl¢)n, ralsbng awaren88S, lucatlon and Iralnlng, heatth prDmotlon, referral to coun88lllng $upp(¥t, user grp, soc1 aclivltlab, volunte013, stud1 placomenl Bnd w(Kk èXperlere. Our thu8 W86 on d811verfng our Bervlcey lor those affeoled by Slckl& Ctsll and Thalaysaernla BI( dlsordeTr In Sandwdl and Ihe 8urroundlng ar89. W8 hBv8 workad ln pathershlp and cdl)oratic wllh Stalulory ond voluntary orggnl8at6ons to contlnu& to Imp8rA 8orvlcas lo our elient group. The Iru8tga$ have pald duo rrd to gulde¢015$u8d by tho Chwlty Comml58Ion In d8cldSng what a¢llvlli&8 the charfty 8hcId undatake. Advlc• and InformAtlon AB our cll8nt8 hlgh ri6k ond ¢llnlcally vulnor8bl& we ulllls8d I01 servlce5 such as Sandw811 Cn¢11, Hefillhwalch and the ehort temi 8UPPOrt wker we rfL4119d lo 8n8ur8 they had relevant $UPPDrt and Informotlon, COBI of Ilvlng erl818 has baon a ma6slve nog4tlv& lrnpecl on our Gllent8 and w• hav• wovld8d 8UPPOrt for Ihl8. Cll•nt aftd Car•r Support W& ¢tInu• lo wovld8 crto lo supporl In per80n at our tro and vlrtud to our ¢llenls and cBr8rg. I9$u we have 8upwtsd wlth have houslng, TAF m&8llng$. DLA, PIP and ImmIgratl. Meetlngs wllh Tè&ch¢r$, HSIn0 offlcere and Medlc81 csuItlS. Vb81 foodb8ck from Ih89é cll¢nl8 ha3 been that they wtte happy wllh th18 $UPWt 11 really helped Ih8m. We conllnuo10 8UPPOrt with cllen16 with o¥ll8 lo wEthou8 58rvlc89 and research grant8 lor Iham, lial86 wSth hssn0 chlkJroN'8 rvIces. VSrtU818upport Includlw phone ¢alls whalsopp calls. CoBt of Llvlng Rl80$ hav? lrnpacted on our cllénl base and wo encourage Ihsm lo get a¥ rnuch 6UPWrt a8 pos&lbk. Tho org8ni8otlon h88 b approaohed rny indlvldual$ affected by SIC• Céll from outde of SaMdw811. We have Lrffered 8UPPUt of advocaoy. informauon and Ad¢& as Ihay cannd rdIlY ggt Ihls support In Ihdr locsl I. GRANT5. PROJECTS AND CONTRACTS Background . Land and Bulldlng8 We have bo8n at our premls&s 81n¢• 1898, Th& 8ource of fundln9 for the land and bulldlng was a hlstorfc Proporty Grvmt 4war(led In 1997 by thg Nallonal Loltery. Th18 w0& sp1 on ocqulrfng the land Bnd bulldlng Ihg prem18e8 which opened In 19Q8. Sandwell M•tropollt•n Borough Coun¢ll SMBC Through our SeNlc& Level Agreement we hav9 been dbl& to pro%lde a mu¢h neIed 80rvlGe and venue for IoG81 p8Dpl8. Th& rlse In cost of livlThg ha8 01$0 impacted our ¢gntre, Th16 yèar th8 centro WAS a¢¢08sed Ia RoLmhlrèl for me81ings, ets, partlbs. 8dvice and Infom8tlon. Th18 has Incrtrased awaipn853 81)wl our s6rvi¢e8 and Slckle Cell nd Th8las8a8mla. PARTNERSHIP WOFIKINGIGETTING OUR VOICE HEARD Dr Brenda P0ku41erCh Fellow S¢hoo1 of Soclology #nd soc1 Pollcy, Umlv•rsity d Noltlngknam The UG1$8110n wcrked In pwtnorship to promote and oncouraoe partlclpatkn from children and parents frLvn the Slckle Cell communlty to undertake Intervlew3. The study was to help us to understand th& 8)tpErien¢es of mlgrant chlldren And young p8q)le Ilving wllh sickle cg11 disease in the UK arltl hcw to support thém.
Oryanlsatlon for Sl¢kle Cg11 Anoemla Reswrch IOSCARI 8andw•ll Raport oftho Commlttoa For tho yoar and6d 31 MarGh 2024 Icontlnuèdl B¢LM Black County Llvlng Mu$eum Ccxnrnunlty Advisory Pal- We contlnuB to mool to review and work towards en8urfng Incluslvity uplako ol the 818ck, Aslan, dl$Bbl, deaf otc communlllos of th• 8gnqces cifered by BCLM. Wcrfk conunues Ihe now Access Cenlre. AwaYan•¥¥ Day In ¢?l•bratlon of 81ekl? C•ll Aw&ren69• Monlh at OSCAR Sandwo11 wlth Guest SP8akers frLYn our cllenl base and su Raybould Hagmogthlnqjathy U418on CNS, 81nnlnqham Chlldr•n8 hospll81. Shaied thelr •xp8rl8neeB of Ilvlng wlth Slckkg Cdl DISder, cllnlcal seNl¢es avallabl8 and h&ng Iheir vcic•s hwd. Th18 was attended by tho lood Communlty JJ80 helped ral89 aW¥8n889 a1 the 8xpe118nM 8nd needs. A posluve communlty 6venl, Blo¢k Hl8tory Eerrto We work•J In partner6hlp with Yv¢tt6 and Sarnanth8 lo undertako two B1k Hl¥tory ewnls 81 Lloyd¥ Head offlcg5 In Cardlff amd Manchaslgr. Tho ladies wovlded MU81c black frou88ed 18gues Inf¢xm4I1 and we gavg prg8enlatlons d)OLrt Slcklo Cell to ovgr 70 9taff membff8. GOV•rnC• Th& orggnlsatlon ha8 conllllued lo work l¢Xlgrd ImwoTAng and $lr8ng¢Wlng ¢JJr gOvernc8 lo enabl8 us to d8mon8trotg Lwr acCcyjntI1tty, Iransparemy, effectlvene88 and efficlwt, equSlabl6 whi181 worklng wlthin the rul& of th• law. Thè Bowd has conUnued lo an8ure th& ¢rgar164tlon 18 worklng In an effic11 and efl8cllvo flnan¢l41 bas1$. Thls 1$ ongolnB prlorlty lor th8 oryan160Uon. Background - Land ind 8ulldlnys W6 have bow al cr pramlses sin¢9 1998. The scyJr¢e of funélng for Jhg land and buildlng was from ar) hl8tCflc Property Grant warded In 1997 and wa8 8P8nl ¢)n quIrIng the lond end bulldlng the pr8ml$os whlch opened In Important . Not• 10 NLCB Proporty Gfanl. Th• land ond bulldlno Is a Tanglbla Flxgd AB••t only and hould ot be con•ldered a• fundslgrantlca*h hgld by ¢h• trganlBatlon. CommuThlty Invofvem•nt Wa c(tInUe lo work In partnwshlp lo devekp and deliver wlthln tho locol Sandw$ll and surroundlng arèas includlng locgj Schoots and comn)unlly centrgs. Th18 partnShip has helped to ra188 awwen888 cl OSCAR S8rvlcé$. We ut1115ed Team8, phono ¢alls, g0¢I8l medl8 to offw servic88 In persLY) 8upport lo ¢JJr cllenl¥ and tho wld•r communlty. We Invitgd our cllenlg both chlldrgn and adults lo parU¢lpate In Lwr communlly eventg. Partner¥hlp workJr•g Both vSrtual and In per8on Partnership continues wilhln th18 financlal year whh a range of vduntBry 8nd 81gtut agenclo51(Yganl8atlon. We contlnued 10 Ilalsg In parlnershlp whlch alluwed Oan[S0t40ns to support our 8V8nl$, pr4acts, c118nls ond liVI116&. Th8s& Included, N¢Xtlngham Ulliver¥lly, SCVO, the NHS, Black Country Llvlng Museum SCAT Ctrntrè- Clly Ho8pila, SMBC S8rvI, Blmilngharn Wn9n,8 and Chlldran'8 Hospitd, WalsHII C(Alege and ChIldn,8 Trust. FINANCVIL REVIEW. ACHIEVEMENT AND PERFORMANCE Prfnclpal fundln9 gourc•s Fundlng for OSCAR Sandwoll Is wovided by Sandw811 Metropollton Borough Councll ISMBCI thrgh 8grvlce lavd reemwl or grarrt which 1$ Mured through performan and outputs. The SWBCCG gront was prevlwsly eignificanlly redu¢8d (by 8ppfoL 90°k) ended 31. Mwch 2021 this clINUeS to hav8 gnificant Impact. Core staffing level8 arg reduced and the 16v8J of 8¢rvlce bdng offor1 by the organisation. A Revlow by SMBC of all Voluntary Sector ¢ontraGtlgrant holdèrs concluded wlth the declslom to ?nd thelr Support to tho organlsallon In January 2024.
OvJanlsatlon lor Sickle Coll Anaomla Raswch IOSCARI Sandw8U Rfjport ofthè Commlttge For thè y•ar tnded 31 March 2024 Icontlnuedl Re840 Pollcy The trustOO8ldlrector8 ¢{91der that reserves of £31,OW ehould b& almed to cow furKllng deficits Bnd fluctuatlons for securlly of IhB q)erall(S of the chlty. Th18 equatss io ¥lx mcnth8 OXPgndllur0 of tho chgrlly at 202312024 levels. Flnan¢lal Summary Th8 total incotng for tho year wag £49.32512023', £51,73818nd Ihè expendlture ¥vas £62,01112023.. £57,2g61. glvlng a sllghl deficll d £12,68812023.' £S.580 d8fi¢111. R9strIct funds at tho ye4r-end wer8 £109,932 wholly r8pre8enled by th8 pr¥8 preml$&8 (T8nglbJe FIx6d Asset -Lodga RoAdl. As at 316t March 2024 Unreslrlcted Funds were £113,17912023', £122,397). D68pho th18 level ¢)f fund8, the obtalnlng of further toro fundlng remalns a vltsl requlrement for prolocl suslglnèbillty. FUTURE PLAN3 202412025 To wcrfk low@Yd8 ¢clInUn9 fln8ncl8J sugtaln8blllly for tho orggn18ati To wlSnue lo davelop a stral8glc, floble gdaptablfj bu8lnos8 P To brlng together and Inform all 8tskoholder8 aboul our work To collaborato and work Sn tnershIp wllh p88r oryanSsgUon8 Cgnllnue lo offer core wrvlcas lo our memborBhSp and wlder communlly Strwolurg, Govqrn•nc• and Managemgnt Thg Ch<y18 ¢onlrdlod by Its govemlng do¢um8nl, a d8pd of Irufjl and 1$ a compwy Ilmlt6d by gu8ranl88, Th8 Iru8196s, who &r¥ a180 the dlr•ctorq for the puipooe of cornpany laws And w+K) 8ervgd dudng th8 yew wer8.. Nam Appolnts(I R•8lgn•d P Brocklosty 11 Saplembw 2013 - R McFe8 22 Oclcer 2010 C Flronch 17 Novembar 2018 Tru8tee8 appdnl&J at tho AGM hIng be9n nQIn4t8d from wllhSn the member8hlp. Nrffie of tho IN81ee8 has any Wafi¢lal Snler681 In the cornpany. All th8 TIu81898 we mgmbers ol tho ccxnpany ai)d Quaran199 lo contrrbuto £1 In Ihe event c* a wlndlng up. Tho Iruslgbs r wa$ 4)provè(J by the BoBrd ot Tru$lg95 and slgnad on it8 by,. ch Ichalrl D•t•: 1311112024
Organisation for Slckle Cell Anaemla Research (OSCAR) Sandwell Independent Examiner's Report to the Trustees of OSCAR Sandwell For the year ended 31 March 2024 We report on the account8 for the year ended 31 March 2024 sgt out on pages eighl to twelve. Re8pectlve responslblllties of trustees and examiner The charlty's trustees are responsible for the preparation of the accounts. The charity's trust8es consider that an audit is not required for this year (under Section 144(2) of the Charltles Act 2011 (the 2011 Act)) and that an independant examination Is required. It Is our responsibillty to: examlne the accounts under S8¢tion 145 of the 2011 Act to follow the procedures laid down in the General Directlons glven by th@ Charity Commlssion (under Section 145(5)(b) of the 2011 Act). and to state whether partlcular matters have come to my attention, Basls of th• Independent examiner's report Our examination was carried out in accordance th the General Directions given by the Charity Commission. An examlnation includes a review of the accountlng records kept by the charity and a comparlson of the accounts prèsgnted with those records. It also includes consideration of any unusual it&ms or disclosures in the accounts. and seeklng explanations from you as trustees concernlng any such matters. Tha procedures undertaken do not provlde all the evidenc8 that would be requlred In an audit, and consequently no opinlon is given 8S to whether the accounts pres8nt a 'true and fair vlew ' and the report is limited to those matters set out in the statements below. Independent examlnerfs statement In connection with our ex8mination, no matter has come to our attention: which gives us reasonable cause to believe that, in any material respect, the requirements to keep accounting records In accordance with Section 130 of the 2011 Act,. and to prepare accounts 1¢h accord wlth the accounting records and to comply with the accounling requirements of the 2011 Act hav8 not been mgt., or lo which, In our opinlon, attention should be drawn in order to enable a proper understandlng of the accounts to be reached, Severn Accounting Shaw Mews 1 Shaw Stre@t Worcester WR13QQ Date.. 1311112024
OrganIsaon for Slckle Cell Anaemia Rèsgarch {OSCAR) Sandwèll statoment of Financial Activltles For the year ènded 31 March 2024 Note Unr6strl¢ted Re8trlcted funds funds 2024 Total funds 2Q23 Total funds INCOME FROM: Donatlons and18gacies Charltable activitie8 Investment income Other Income 2,930 46,182 213 2,930 46,182 213 3,162 48.492 82 Total Income 49,325 49,325 51,736 EXPENDITURE ON: Charltable actlvltl8S Other r880urces expended Governance costs 57,043 3,468 60,511 55,796 1,500 1,500 1,500 Total re$ource8 expended 58,543 3,468 62,011 57,296 NET INCOMING RESOURCES BEFORE TRANSFERS 19,218) {3.4681 {12,6861 {5,560) Gro$9 transfer8 botween funds 19,218) 13,468) (12,686) (5,560) RECONCILIATION OF FUNDS Tolal funds brought forward 122,397 113.400 235,797 241,347 Pdlov&mont bgtwaen funds TOTAL FUNDS CARRIED FORWARD 113,179 109,932 223,111 235,787 The not8s on pages 9 to 15 form part of Ihese financial statements. Tha8e financial statemenls were approv8d by tha Board of Trustsess and signed on its behalf by.. Truste8'. Date: 1311112024
OrganIon for Slckl• Cell Anaemla Rès&archlOSCARI Sandw•ll Belance Sh98t A8 at 31 March 2024 Nots Unrestrlcted R••trlclèd 2024 lunds lund8 Totsl fund$ 2023 Total fund$ FIXED ASSETS TanglNo assets 9,531 109,932 119.463 124.902 CURRENT ASSETS Debtors Cash al bpmk onu In hand 107,704 107,704 112,780 CREDITORS Amount# f•lllng qlu• wlthln on• year 107,704 107,704 112,780 4,056 4,056 1,8e5 NET CURRENT ASSETS 103,848 103,648 110,895 TOTAL ASSETS LESS CURRENr LIABILITIES 113,179 109,932 223,111 235,797 CREDITORS Amouhls falllng du• mor• than one ygar NET ASSET8 113,179 109,932 223,111 235,797 FUND8 Unrosiricted fund8 Re8lrict8d fund 11 11 113,179 109,932 122,397 113,400 TOTAL FUND8 223,1 t1 235,797 The ¢ompgny18 enfjlled lo th& exempllon Irom the audlt roqulremenl conlaln8d In $8Ctlon 477 of the Compon198 Act 2006 for Ihg year endod 31 March 2024 rdallng lo small comp&nS8J. No rnembor of th6 company has deposlted a notlcs, pur8uanl to 6èclion 476, requlring an audll of thes& account¥. Tha trust8es' r98ponsik411108s for 8nsurino Ihat th8 ehorlly ke8ps accounllng recd$ whl¢h comply with 68Ctlon 386 of the Act and for w6p8rlng #¢counls whlch give a true and fojr vl8w of Ihe slate of 4ffalrs of tho c(¥npany as al the end of tha flnancial year and of its Incomino resour¢e8 and PrICatIOn of resources, indudlng it8 incomg and expendlture, for the finandal year in dnCe with the rwuliemenls ol sectlon$ 394 and 395 and Mthlch olheryvi86 CoMY w+th Ihe requlroments of the Comp8nlg8 Act 2006 relodng to accoun18. so lar a8 awicable lo the cumpany. The89 aocounl8 h8v8 been pPared in accordanca with the provlsions apICabl0 to mpanIes, sublect to tho small ¢ompanle8' re9lme. Thosa fln8ndaJ slatemgnls were aR)roved by th8 Board ol Trustee88 and slgned on lis th&ll by.. Trsuts•.' Dats,, 131 024
Organlsatlon for Slckle Cell Anaemla Research (OSCAR) Sandwell Notes to the Financial Statements For the year ended 31 March 2024 1. Prlnclpal Accountlng Pollclgs Basis of Accountlng The financlal statements have been prepared under th8 hlstorical cost convention and In accordance with FRS 102 "The Finan¢lal Reporting Standard applicable in the UK arsd Republlc of Ireland" Accounting and Reportlng by Charities the Ststement of Recommended Practice (SORP) for charities applying FRS 102 as it appli8s from 1 st January 2015. The charity is a public b8neflt entity as defined by FRS 102. Golng concern At the time of approving the accounts, the truste8s have a reasonable expectation that the charity has adequate resources to wntinue in operational exlstence for the foreseeable future. Thus, the truste&s' contlnue to adopt the going concern basis of accounting In preparlng the accounts. Incomlng rnsourcas All Incoming resources are included In the Statement of Flnancial Activitles when the charlty Is legally entitled to th6 income and the amount can be quantifled with reasonable accuracy Re8ourc88 expended Expenditure is accounted for on an accrual basis and has been classified under headings that aggreate all cost related to h6 category. Where costs cannot ba dSrectly attributed to particular headings they have ben allocated to activities on the basis consistent wth the use of re80urces. Tanglble flxed assats Tangible fixed assets are Inltlally measured at cost and subsequently measured at cost or valuatlon, net of depreclation and any impalrment losses, Depreciation Is recognlsed so as to write off the cost or valuatlon of assats less thelr residual values over their useful lives on the following bases- Land and Buildings Property Improvements Computer equipment Offic8 equipment 2tsk on cost 2.6316ts/0 on cost 33.33 /0 on cost 100/0 on cost Th8 galn or loss arising on the disposal of an asset Is datermlned as the difference between the sale proceeds and the carrying value of the assel, and Is recognSsed in net income/(expenditure) for the year Fund accounting Unrestricted funds can be used In accordance with the charitable objectives at the discretlon of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity, Restrictions arlse when specified by the donor or when funds are raised for particular restricted purposes, Further explanation of the nature and purpose of each fund is included In Ihe notes to the financlal stalements.
Organisation for Sickle Cell Anaemla Research (OSCAR) Sandw911 Notes to the Flnanclal Statements For the year endad 31 March 2024 (contlnued) Impalmient of flxed assats At each reportlng end d8te, the charity reviews the carrying amounts of Its tangible and Intangible ass8t8 to detgmiine whether there is any Indication Ihat those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of Ihe asset is estlmated in order to determine the extent of the impairment loss (if any). Recoverabl8 amount Is the hlgher of fair value less costs to sell and value In use. In ass8ssing value in uge, the estimated fulure cash flows are di8counted to their present value using a pre-tax dlscount rate that reflects current market assessments of the tim8 value of money ané the rlsks specific to the asset for which the 8Stimates of future cash flows have not been adjusted. If the recoverable amount of an asset is estlmated to b8 less than its carrying amount, the carrying amount of the asset is reduced to Its recoverable amount. An Impairment loss is recognised immedlately in incomel (exp8néituw for the year, unless the relevant asset is carrled at a revalued amount, in which case the Impairment105S IS treated as a revaluation decrease, Recognlsed Impalrment losses are reversed if, and only if, th8 reasons for the Impalrment loss have ceased to apply. Where an impairm8nt loss subsequently revarses, the carrying amount of the asset is increased to the revised estimate of Its recoverable amount, but so that the Increased carrying amount does not exceed the carrying amount that would have been determined had no Impairment loss been recognlsed for the asset Cash and cash oqulvalents Cash and cash equivalents Include ca9h in hand, d8POSlts held at call with banks, other short-term Ilquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Baglc flnanclal assets Basic financial assets lch Include debtors and cash and bank bal8nces, are inltially measured at transaction price including transactlon costs and are subsequently carried at amortised cost Using tha effective interest method unless the arrangement constltutes a financing transactlon, where the transactlon is measured al the present Value of the future recelpts discounted at a market rate of Interest, Financial assets Ba81¢ flnanclal Ilabllltles Basic f inanGial liabilities, including Creditors and bank loans are initially recognised at transaction prlce unless the arrangement constitutes a financing transactlon, wh8re the debt instrument is measured at the present value of the future receipts discounted at a market rate of inter8sI. Financial liabillties classified as payable within one year are not amortised. Debt instruments ara subsequently carried at amortised cosl, using the effective int8rest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due withln one year or less. If not, they are presented as non-current liabllitles. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method 10
Organlsatlon for Sickle Cell Anaemla Research (OSCAR} Sandwell Notes lo the Flnancial Statemènts For tho yoar endod 31 March 2024 (contlnued) Derecognltlon of flnanclal Ilabllltle8 Flnancial liabilities are derecognised when the charity's contractual obligations expire or are discharged or Gancelled Employee beneflts The cost of any unused holiday entitlement is recognlsed In th8 Perlod In lch the employee's sarvices are recelved. Termlnation b8nefits are recognised Immedlately as an expense when the charity is demonstrably commltted to terminate the employment of an employee or to provide terminalion b8nefits. Crltlcal a¢coun*lng estlmates and judgements In the application of the ch8rity's accounting policie8, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and li8billties that are not readily apparent from other sources. The estimates and assoclated assumptions are based on historical experlence and other factors that are considered to be relevant. Actual results may dlffer from these estlmates The estimates and underlylng assumptions are revi8W8d on an ongoing basls. Revlslons to 8caounting estlmates are recognised in the period In whlch the estimate is revlsed where the revislon affects only that period, or in the perSod of the revision and future periods where the revision affects both current and future periods 11
Organlsatk)n for Skkle Cell Anaernla Res•arch (OSCAR) Sandwell Notes to the Flnanclal Statgments For tha yaar ond8d 31 March 2Q24 {contlnued} 2.1. Donatlon$ and1ogaclo8 2024 2023 Donallons and gifts L8gaci88 r8celvab 2,930 3,162 2,930 3.162 2.2. Charltable actlvltF08 2024 2023 Perform8nc8 related gronl8 African Hoallh Policy Nglwork ICOVID relatagl Gronts T81vj Oth8r ¢haritabl8 acllvitie8 40,409 676 5,000 96 48,491 48,182 Analys15 by funds Unr88lrl¢ted fund8 R8slricled funds 49,112 49,112 For th8 year ended 31 March 2022 UnrestrICt funds Restrlcled funds 51.654 51,e54 3. Invfjfytment Incom 2024 2023 Interest rec81vabl8 213 82 4. Charltable artlvltles expondlture 2024 Z023 Staff co818 Deprgclalion and Impaimenl Other chwitabk8 expenditure 39,085 5,445 449 44,979 42,061 5.443 251 47,755 Share of support costs {saè note 51 Share of govern09 costs Isee noÈe 51 15.S32 1,500 8.041 1,500 57,296 Analys15 by funds Unre8tricled funds R&slriclgd fvnds 58,543 3,468 62,011 53,828 3,468 57,298 For Ihe year ended 31 March 2022 Unrestricted funds Reslrlcted funds 53,828 3,468 57,296 12
Organlsatlon for Slcklo Cell Anaemla Res&arch (OSCAR) Sandwoll Notes lo the Flnanclal Statements For tho year ended 31 March 2024 (contlnugd) 5. Support costs Support costs Govarnance cost$ Total 2024 Total 2023 Support Govemanca 15532 15,532 1,500 8,041 1,500 1500 15,532 1.500 17,032 9,541 Analysa batweèn: Charitable acllvitles Non-charilabb activities 15,532 1,500 17,032 9,541 15,532 1,500 17,032 9,541 6. Employmonl Number of empolye•s The average monthty number of employees during th8 year was., 2024 Numb•r 2023 Number General staff Employmentcosts 2024 2023 Wage8 and salarles 39,085 42,061 39,085 42,061 There were no employe8s whose annual remuneratlon was £60,000 or more. 13
Organisation for Blckle Cell Anaomla R868arGh IOSCARI Sandw•ll Notsj lo tho Flnanclal Statoments For tho yoar èndod 31 March 2024 l¢ontlnu•dl 7. Tgnglble fixqd a869ts Land and Bulldlng8 Proporty Improv¥mDnt$ Computer Equlpm•nt Flxluros and Ilttlng Offlc Equlpm•nt Tolal oim412023 216,737 4,187 3,326 7,566 43.349 275,166 D18posals 3110312024 218,737 4,187 3.32e 7,566 43,349 275,166 Deprocl•tlon 01104r2023 Dlsposals Charge for th8 y8or 98,834 1,321 2.216 4,542 43,349 150.264 3.466 106 1,108 757 5,4S9 3110312D24 102,302 1,427 3,326 5,299 43,349 155,703 N•t book ¥ 3110312024 114,435 2,760 2,288 119,463 3110312023 117,903 2,866 1,108 3,023 124,902 B. Débtor• 2024 2123 Prepaymènl8 •. Crodltor 2024 2023 Amounts llllng dug wlthln on• y•ar: Credll ¢ord Olher crèdltory and a¢cru&18 N8t waga$ pAYE1N du• 1,500 1,664 693 1,SQO 385 14
Organlsation for Slckle Cell Anaemia Research (OSCAR) Sandwell Notes to the Financlal Statements For the year ended 31 March 2024 (contlnued) 10. Movoment In funds Balance at 1 April 2022 Incomlng Resources Resources Expended Balance at 31 March 2023 Restrlcted f und8 Land and bulldlng 113,400 (3,468) 109.932 113.400 3,468 109,932 Unrestricted funds Net incomingloutgoing resources 122,397 49,325 (58,5431 113,179 122,397 49,325 58,543 113,179 TOTAL FUNDS 235,797 49,325 62,011 223,111 11. Analysls of nat assets botwoen funds Unrestrlcled funds Restrlcted funds Total Fund balalces at 31 March 2023 aro r•pre8entod by: Tangible fixed assets Current assets{liabilitl68) 9,531 103,648 109,932 119,463 103,648 113,179 109,932 223,111 12. Related party transactlons None of the trustees lor any persons connected wlth them) received any remuneratlon or exp&nses during the year in respect of their duties as trustees. However one trustee was employed by the charity as a full time Chlef Executive Officer. 15