CHARITY REGISTRATION NUMBER: 1081241
The Lowe Syndrome Trust Unaudited Financial Statements
30 June 2024
A. I. GROMAN FCA
Chartered accountants Groman and Company Chartered Accountant and Independent Examiner
5 Violet Hill
St. John's Wood London NW8 9EB
The Lowe Syndrome Trust
Trustees' Annual Report
Year ended 30 June 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2024.
Reference and administrative details
Registered charity name The Lowe Syndrome Trust Charity registration number 1081241 Principal office C/o Rosenberg Solicitors 673 Finchley Road, London, NW2 2JP The trustees Mr. J. Laycock (Chair) Mr. Michael Fenning (Appointed 23 February 2024) Mrs. A Lanzara (Appointed 23 February 2024) Charity Patrons Mr J Ross OBE Ms. Penny Lancaster Mr. Christopher Biggins Ms. Susie Webb Mr. Tris Payne Mr. Mathieu Flamini Mr. Oliver Evans Ms. Lisa Voice Mr Mark Emms Medical Research Advisory Dr Jenny Gallop, The Gurdon Institute, University of Cambridge Board Professor Robert Unwin, Professor of Nephrology & Physiology, UCL. Professor Shamshad Cockcroft, Dept of Physiology, UCL Dr. Philip Beales, Hon. Consultant in Clinical Genetics, ICH. Dr. Peter Cullen, School of Medical Sciences, University of Bristol Mike Harrison, Consultant in Paediatric Dentistry, Guys Hospital London Professor Peng Tee Khaw, OBE Professor of Glaucoma & Ocular Healing & Consultant Opthalmic Surgeon Professor Helen Cross, Head of Neuroscience Unit, UCL Dr. Nimalan Maruthainer, Royal Free Hospital / UCL Professor Robert Kleta, Chair of Nephrology, Royal Free Hospital/UCL Dr. Richard Sandford, Honorary Consultant in Medical Genetics, University of Cambridge Dr. Rudiger Woscholski, Senior Lecturer, Imperial College London
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The Lowe Syndrome Trust
Trustees' Annual Report
Year ended 30 June 2024
Company secretary Mr. A Thomas (CEO) Charity administration Ms. A Bogdanova
Independent examiner A.I. Groman FCA Groman and Company Chartered Accountant and Independent Examiner 5 Violet Hill St. John's Wood London NW8 9EB
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is constituted by a Declaration of Trust made on the 17 March 2000 with the object of educating the public in all matters relating to the Lowe Syndrome, to promote research into its causes and treatment, and to disseminate the results of such research.
Appointment, induction & training of Trustees
The trustees are appointed following a meeting with other trustees (at least 4 present). The trustee is given a formal letter of appointment. New trustees undergo an orientation to brief them on their legal obligations under charity law, the content of the Deed of Trust, the committee and decision making processes and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Organisation
The charity is organised so that the Trustees meet regularly, both to discuss strategic planning and development of the trust, administer grants and run fundraising initiatives. There is now an (unpaid) volunteer Chief Executive Officer (CEO) Andrew Thomas appointed on 21st June 2019, husband of the late Lorraine Thomas who founded the charity. The CEO manages the charity and organises fundraising initiatives. Most of the activities of the charity are carried out by (unpaid) Trustees, Patrons, Medical Research Board members and Volunteers. The charity also now employs one parttime administrator to manage day-to-day charity functioning. Occasionally, temporary staff are contracted for specific tasks such as filing, gathering and disseminating information, managing mailshots, producing newsletters and leaflets, and maintaining the office laptops, printers and website.
Risk management
The trustees have a risk management strategy which comprises:-
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The charity will not take any financial risks. The charity will only commit expenditure covered by the actual bank balance.
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To minimise the risk of fraud, the charity has three bank accounts with different banks. These are a postal business deposit account and a business savings account that are only authorised to transfer funds into the third account, that is a business e-banking account.
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The charity has retained the office address, that is a solicitors office used only for the postal address.
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The Lowe Syndrome Trust
Trustees' Annual Report
Year ended 30 June 2024
OBJECTIVES AND ACTIVITIES
The Trust is the only charity in the UK that supports families affected by Lowe syndrome and a key initiator and funder of global medical research into Lowe syndrome.
The objective of the charity is to provide support and resources for UK families affected by the condition and to encourage international medical research. Lowe Syndrome, also known as oculocerebrorenal syndrome (OCRL), is a genetic condition which affects eyes (born with congenital Cataracts), kidneys, brain and general development. The DNA mutation overlaps with a kidney condition called Dents Disease and so the charity also supports Dents families.
The Charity is a listed non-commercial Partner of the National Institute for Health Research (NIHR). Being part of NIHR network means that Lowe Syndrome Trust can award research funds as a result of open competition across England with high quality peer review. Further, fund research that is of clear value to the NHS and take account of the Department of Health and NHS priorities and needs in their research funding strategies.
The charity works alongside international affiliations, such as Lowe Syndrome Association (LSA) in the USA and other countries. The charity also organises UK family outreach meetings and held an outreach meeting in Cambridge near the Gurdon Institute in November 2023. The LST also supports family networking such as the "Lowe Syndrome Parents" Facebook.
PUBLIC BENEFIT
The charity is for the benefit of UK families affected by the Lowe Syndrome Condition, to help them access local social and NHS services and for social and NHS professionals to understand the condition and offer the best support and treatments. To do that, the charity works with other UK charities, and to fundraise to offer grants to seed fund medical and social research, and international research meetings.
We have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning our future services. In particular the board of trustees consider how our planned services will contribute to the aims and objectives they have set.
GRANT MAKING POLICY
While the charity family support and website is for UK families and UK NHS England, The research grant strategy is to collaborate with international medical research institutions.
Grants are awarded on the advice of the Lowe Syndrome Trust Scientific Advisory Board. Past medical research grants were to “seed fund” basic research on different aspect of the condition, now the focus is on preparing for potential clinical trials.
Grant applications are shared with Lowe Syndrome associations in other countries that also offer research grants including the Lowe Syndrome Association (LSA) in USA. The grant applications are peer reviewed and the trust’s scientific advisory board decide on the grant award. The Grant award funding is typically committed over a 3 year budget period and payments are invoiced according to a schedule and conditional upon milestones having been achieved.
New Grants are advertised on the charity website. The committed grant funding liability is shown in the accounts.
MAJOR CHANGES AND SERIOUS INCIDENTS REPORTS
The charity accepted the resignation of two trustees and appointed two new Trustees, Mr. Michael Fenning (Appointed 23 February 2024), Mrs. A Lanzara (Appointed 23 February 2024).
To reduce costs the charity office has been closed and the address will be postal only, and the website moved to a new provider.
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The Lowe Syndrome Trust
Trustees' Annual Report
Year ended 30 June 2024
FUNDRAISING
The charity will continue to fundraise, and benefits from an extension of the grant period from the National Lottery Community Fund, that was suspended during COVID period. The extension is to continue supporting a part time charity administrator until June 2025, for general running costs and towards self sufficiency in fund raising, and to fund UK England family outreach meetings.
PLANS FOR FUTURE PERIODS
The Charity is working with the Lowe Syndrome Association (LSA), ALISO (Italy) and Sanford Research Coordination of Rare Diseases at Sanford (CoRDS) in USA to establish a medical research data base specifically for Lowe syndrome for families to record their details and history of the disease.
Following the International Medical Research Summit in May 2023 in TIGEM Naples Italy, partially funded by a grant from the charity to Gurdon Institute Cambridge University, three potential drug therapies were announced.
The charity has committed £20,000 funding for potential clinical trials proposed under ERKNet, the European Reference Network for Rare Kidney Diseases by TIGEM/Gurdon Institute Cambridge University, and £15000 for a follow-on International Medical Research Summit in October 2024 hosted by Perdue University USA.
The Charity will plan and fund further UK England family outreach meetings planned for Newcastle and Bristol in 2024.
FINANCIAL SUMMARY AND RESERVES
The statement of Financial Activities shows income for the year of £38,104 (2023 - £3,860) and total expenditure of £28,794 (2023 - £67,150). The expenditure included charity running costs, office closure costs and funding family outreach meetings. During this period there were no grant payments. The total funds carried forward were £69,610 (2023 – £60,300).
CONCLUDING REMARKS
The charity would like to say thank you to our supporters, donors and volunteers. It has been a long and challenging journey from discovering the Lowe Syndrome Gene Mutation and NHS services now available to test for the DNA mutation, knowing what the future holds for Lowe Syndrome children into adulthood and how best to care and support them, through to the excitement of potential clinical trials for drug therapies that may be able to reverse the condition.
Andrew Thomas, CEO Lowe Syndrome Trust
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
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The Lowe Syndrome Trust
Independent Examiner's Report to the Trustees of The Lowe Syndrome Trust
Year ended 30 June 2024
I report to the trustees on my examination of the financial statements of The Lowe Syndrome Trust ('the charity') for the year ended 30 June 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
A.I. Groman FCA Independent Examiner
Groman and Company Chartered Accountant 5 Violet Hill St. John's Wood London NW8 9EB
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The Lowe Syndrome Trust
Statement of Financial Activities
Year ended 30 June 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ |
£ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 4,303 |
33,181 | 37,484 | 3,582 |
| Investment income | 5 | 620 |
– | 620 | 278 |
| ----------------------- | ---------------------------- | ---------------------------- | ----------------------- | ||
| Total income | 4,923 | 33,181 | 38,104 | 3,860 | |
| ======================= | ============================ | ============================ | ======================= | ||
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 12,852 |
15,942 | 28,794 | 67,074 |
| Other expenditure | 8 | – |
– | – | 76 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 12,852 | 15,942 | 28,794 | 67,150 | |
| ============================ | ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income/(expenditure) and net | |||||
| movement in funds | (7,929) | 17,239 | 9,310 | (63,290) | |
| ============================ | ============================ | ============================ | ============================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 60,300 | – | 60,300 | 123,590 | |
| ---------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | ||
| Total funds carried forward | 52,371 | 17,239 | 69,610 | 60,300 | |
| ============================ | ============================ | ============================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on page 8 form part of these financial statements.
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The Lowe Syndrome Trust
Statement of Financial Position
30 June 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Cash at bank and in hand | 70,630 | 61,320 | ||
| Creditors: amounts falling due within one year | 13 | 1,020 | 1,020 | |
| ---------------------------- | ---------------------------- | |||
| Net current assets | 69,610 | 60,300 | ||
| ---------------------------- | ---------------------------- | |||
| Total assets less current liabilities | 69,610 | 60,300 | ||
| ---------------------------- | ---------------------------- | |||
| Net assets | 69,610 | 60,300 | ||
| ============================ | ============================ | |||
| Funds of the charity | ||||
| Restricted funds | 17,239 | – | ||
| Unrestricted funds | 52,371 | 60,300 | ||
| ---------------------------- | ---------------------------- | |||
| Total charity funds | 14 | 69,610 | 60,300 | |
| ============================ | ============================ |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mr J Laycock (Chair) Trustee
The notes on page 8 form part of these financial statements.
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The Lowe Syndrome Trust
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 673 Finchley Road, London, NW2 2JP.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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The Lowe Syndrome Trust
Notes to the Financial Statements (continued)
Year ended 30 June 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 33% straight line
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The Lowe Syndrome Trust
Notes to the Financial Statements (continued)
Year ended 30 June 2024
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Miscellaneous donations | 4,243 | – | 4,243 |
| Grants | |||
| Lottery Grant | – | 33,181 | 33,181 |
| CAF GAYE | 60 | – | 60 |
| ----------------------- | ---------------------------- | ---------------------------- | |
| 4,303 | 33,181 | 37,484 | |
| ======================= | ============================ | ============================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Miscellaneous donations | 3,434 | – | 3,434 |
| Grants | |||
| Lottery Grant | – | – | – |
| CAF GAYE | 148 | – | 148 |
| ----------------------- | -------------- | ----------------------- | |
| 3,582 | – | 3,582 | |
| ======================= | ============== | ======================= |
5. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 620 | 620 | 278 | 278 |
| ============== | ============== | ============== | ============== |
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The Lowe Syndrome Trust
Notes to the Financial Statements (continued)
Year ended 30 June 2024
6. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Grants payable | – | – | – | ||
| Support costs | 12,852 | 15,942 | 28,794 | ||
| ---------------------------- | ---------------------------- | ---------------------------- | |||
| 12,852 | 15,942 | 28,794 | |||
| ============================ | ============================ | ============================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Grants payable | 40,000 | – | 40,000 | ||
| Support costs | 8,942 | 18,132 | 27,074 | ||
| ---------------------------- | ---------------------------- | ---------------------------- | |||
| 48,942 | 18,132 | 67,074 | |||
| ============================ | ============================ | ============================ | |||
| 7. | Expenditure on charitable activities by activity type | ||||
| Support | Total funds | Total fund | |||
| costs | 2024 | 2023 | |||
| £ | £ | £ | |||
| Principal activity | 27,774 | 27,774 | 26,054 | ||
| Grants payable | – | – | 40,000 | ||
| Governance costs | 1,020 | 1,020 | 1,020 | ||
| ---------------------------- | ---------------------------- | ---------------------------- | |||
| 28,794 | 28,794 | 67,074 | |||
| ============================ | ============================ | ============================ | |||
| 8. | Other expenditure | ||||
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
| Funds | 2024 |
Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank charges | – | – |
76 | 76 | |
| ============== | ============== | ============== | ============== | ||
| 9. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Loss on disposal of intangible assets | – | 76 | |||
| ============== | ============== | ||||
| 10. | Staff costs | ||||
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Wages and salaries | 15,942 | 15,962 | |||
| ============================ | ============================ |
The average head count of employees during the year was 1 (2023: 1). No employee received employee benefits of more than £60,000 during the year (2023: Nil).
11. Trustee remuneration and expenses
SORP 2015 requires the following statement to be made:- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
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The Lowe Syndrome Trust
Notes to the Financial Statements (continued)
Year ended 30 June 2024
12. Tangible fixed assets
| Equipment | Total | |||
|---|---|---|---|---|
| £ | £ | |||
| Cost | ||||
| At 1 July 2023 and 30 June 2024 | 16,917 | 16,917 | ||
| ============================ | ============================ | |||
| Depreciation | ||||
| At 1 July 2023 and 30 June 2024 | 16,917 | 16,917 | ||
| ============================ | ============================ | |||
| Carrying amount | ||||
| At 30 June 2024 | – | – | ||
| ============================ | ============================ | |||
| At 30 June 2023 | – | – | ||
| ============================ | ============================ | |||
| Creditors: amounts falling due within | one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Accruals and deferred income | 1,020 | 1,020 | ||
| ======================= | ======================= | |||
| Analysis of charitable funds | ||||
| Unrestricted funds | ||||
| At 1 July | At 30 June | |||
| 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General Funds | (39,700) | 4,923 | (12,852) | (47,629) |
| Unrestricted fund – Grant Payable | 50,000 | – | – | 50,000 |
| Designated Fund - General office | ||||
| administration | 50,000 | – | – | 50,000 |
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | |
| 60,300 | 4,923 | (12,852) | 52,371 |
|
| ============================ | ======================= | ============================ | ============================ | |
| At 1 July | At 30 June | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General Funds | 5,458 | 3,860 | (49,018) | (39,700) |
| Unrestricted fund – Grant Payable | 50,000 | – | – | 50,000 |
| Designated Fund - General office | ||||
| administration | 50,000 | – | – | 50,000 |
| -------------------------------- | ----------------------- | ---------------------------- | ---------------------------- | |
| 105,458 | 3,860 | (49,018) | 60,300 |
|
| ================================ | ======================= | ============================ | ============================ | |
| Restricted funds | ||||
| At 1 July | At 30 June | |||
| 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| Big Lottery Fund | – | 33,181 | (15,942) | 17,239 |
| ============== | ============================ | ============================ | ============================ | |
| At | At | |||
| 1 July 2022 | Income | Expenditure | 30 June 2023 | |
| £ | £ | £ | £ | |
| Big Lottery Fund | 18,132 | – | (18,132) | – |
| ============================ | ============== | ============================ | ============== |
13. Creditors: amounts falling due within one year
14. Analysis of charitable funds
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The Lowe Syndrome Trust
Management Information
Year ended 30 June 2024
The following pages do not form part of the financial statements.
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The Lowe Syndrome Trust
Detailed Statement of Financial Activities
Year ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Miscellaneous donations | 4,243 | 3,434 |
| Lottery Grant | 33,181 | – |
| CAF GAYE | 60 | 148 |
| ---------------------------- | ----------------------- | |
| 37,484 | 3,582 | |
| ---------------------------- | ----------------------- | |
| Investment income | ||
| Bank interest receivable | 620 | 278 |
| -------------- | -------------- | |
| ---------------------------- | ----------------------- | |
| Total income | 38,104 | 3,860 |
| ============================ | ======================= | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 15,942 | 15,962 |
| Rent | 2,800 | 5,560 |
| Insurance | 167 | 1,131 |
| Families Outreach and Travel costs | 6,926 | 1,476 |
| Legal and professional fees | 1,020 | 1,020 |
| Telephone | 1,939 | 1,846 |
| Other office costs | – | 79 |
| Grants payable | – | 40,000 |
| ---------------------------- | ---------------------------- | |
| 28,794 | 67,074 | |
| ---------------------------- | ---------------------------- | |
| Other expenditure | ||
| Bank charges | – | 76 |
| -------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 28,794 | 67,150 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net income/(expenditure) | 9,310 | (63,290) |
| ============================ | ============================ |
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The Lowe Syndrome Trust
Notes to the Detailed Statement of Financial Activities
Year ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Principal activity | ||
| Support costs | ||
| Salaries and contract workers | 15,942 | 15,962 |
| Rent and security | 2,800 | 5,560 |
| Insurance | 167 | 1,131 |
| Families Outreach and Travel costs | 6,926 | 1,476 |
| Telephone | 1,939 | 1,846 |
| Office costs | – | 79 |
| ---------------------------- | ---------------------------- | |
| 27,774 | 26,054 | |
| ---------------------------- | ---------------------------- | |
| Grants payable | ||
| Activities undertaken directly | ||
| Grants payable | – | 40,000 |
| -------------- | ---------------------------- | |
| Governance costs | ||
| Governance costs - accountancy fees | 1,020 | 1,020 |
| ----------------------- | ----------------------- | |
| ---------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 28,794 | 67,074 |
| ============================ | ============================ |
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