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2023-03-31-accounts

Charity registration number 1106160

THE CARON KEATING FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

THE CARON KEATING FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Michael Don Keating
Gloria Hunniford
Charity number 1106160
Principal address PO Box 122
Sevenoaks
Kent
TN13 1UB
Independent examiner Clarkson Hyde LLP
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SM1 1JB
Bankers Handelsbanken
Sevenoaks Branch
1st Floor
50-52 London Rd
Bligh's Meadow
TN13 1AS

THE CARON KEATING FOUNDATION

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 12

THE CARON KEATING FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report and financial statements for the year ended 31 March 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016).

Structure, governance and management

The Foundation was established by a charitable trust deed on 3 October 2004 in memory of the late Caron Keating who passed away after a 7 year battle with cancer on 13 April 2004. The family of Caron decided to set up a Foundation in her name with the view to help many different cancer charities all over the country, not just breast cancer charities, as Caron herself had wanted to reach out to other cancer sufferers and families.

This Foundation is a very important part of Gloria's healing and has greatly helped to turn a deep negative into positive action.

The Trustees who served during the year and who attended the Annual General Meeting held on 31 March 2021 were:

Michael Don Keating Gloria Hunniford

Also present were:

Stephen Way Paul Keating Dr Hilary Jones Charles Hunniford Wendy Bardell

The trustees consist of the family members of Caron, including her mother Gloria Hunniford (who is the Administrator) and her brother, Michael Keating, neither of whom receive remuneration.

The Foundation consists of two trustees, one part-time assistant, Wendy Bardell, who carries out secretarial and administration work, plus friends of the Foundation i.e. Caron's brother Paul, Gloria's husband Stephen Way, Charles Hunniford (Financial Adviser and IT consultant), and a medical consultant, Dr Hilary Jones.

Trustee meetings are held annually to analyse thoroughly the needs of those charities that apply for funding before any grant is considered. This enables the medical consultant and the trustees to have access to an extensive collection of requests from which to make the final choice. The Foundation finds that this system works well and gives the Foundation the ability to choose from an extensive range of diverse needs and areas of Britain. Requests arrive daily for grant consideration and Wendy our administrator puts those that qualify in geographical order so that they can be forwarded to our medical consultant who advises Gloria and the family on which charities he considers to be the worthiest.

Our aim is to assist all forms of cancer charities right across the country and in the last nineteen years we feel we have achieved this, with a wide geographical spread which we meticulously plan to reach as many parts of the country as possible, which is an aspect of which we are especially proud.

The Trustees have assessed the major risks to which the charity may be exposed e.g. we do not give monies to individuals - only through registered charities, and are satisfied that systems are in place to mitigate exposure to the major risks.

At the time of paying out grants we doubly check the charities who are receiving funding that their initial request for financial assistance towards certain projects still applies.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

THE CARON KEATING FOUNDATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities

The Foundation's objective is to raise money for cancer charities of all types to relieve those persons with cancer, their families and carers in order to "make a difference". This we do through registered charities. The overall aim of the Foundation is to offer financial support to cancer charities encompassing professional carers, complementary healing practitioners and support groups dealing with cancer patients, as well as individuals and families (through these charities) who are affected by the disease. It will also financially benefit a number of cancer charities with their ongoing quest for prevention, early detection and hopefully ultimate cure and the wellbeing of patients who are battling cancer. We meticulously choose charities where we feel we can make a difference. We check thoroughly the workings of the various charities and the content and purpose of the grant request so that we can achieve the best results through our fund raising.

As this is a purely family-run charity, the Foundation prefers to be effective by giving grants to smaller charities who meet our preferred criteria. Our ideal is to avoid giving grants to charities, which aspire to raise millions of pounds each year. The Trustees and Friends of the Foundation accepted that the purposes of the Foundation had been strictly adhered to and were satisfied that we remained on course for a small family-run Foundation. The Trustees and Friends agreed that our target is to spread the Foundation's funds wisely in "small amounts", to as many cancer charities throughout the UK as possible, rather than giving considerable amounts to a limited few.

We feel very satisfied that, as a small family-run Foundation, we achieve much support all over the country, firstly in how the public have great empathy with how we analyse the needs of cancer charities and also how the "public" run events to raise money for the Foundation.

This financial year has seen an improvement in fund raising post the covid pandemic.

On the 27th of April, a documentary called “My Life On TV” was transmitted. It was regarding my life in broadcasting and my growing up period in Northern Ireland but within the documentary was quite a lot regarding Caron, her cancer and what we are doing within the Foundation in her name. This documentary remains on BBC I Player and we constantly receive comments about its content.

Another TV programme commissioned by a Northern Ireland company called “B and B by the Sea” was filmed on the 6th and 7th May and again because we are a well-known Irish family there was a lot of content about the sad loss of Caron and what we do for cancer charities all over the country.

Another event was a high-profile lunch at the Mitre Hotel in Hampton Court. Gloria was the main speaker and as it was predominantly a women’s lunch much of the conversation was about cancer and what we do within the Foundation. That event raised donations for the Caron Keating Foundation.

On the 23rd of May at the Chelsea Flower show Caron’s Rose by R Harkness was featured in a wonderful display.

Another TV highlight was Gloria appearing on Saturday Kitchen hosted by James Martin. James is a perfect example of how in the middle of conversation he mentions the fact that we have a Foundation in Caron’s name and this gives us quality publicity.

In the autumn following lockdown Gloria had kidney stones and was hospitalised twice and because of this she had to be at home for a couple of months. It was during this period that Gloria was able to devote time to planning the tea dance and getting auction prizes for the February tea dance. Getting the auction prizes takes a considerable amount of time contacting people and asking for their support and it is these big prizes that bring in appreciable income for the Foundation. After the event it takes significant time contacting the recipient of the prizes and bringing them to fruition.

These examples are typical of what Gloria does in her private time not only talking about Caron and her cancer but the prominent issue of raising the profile and in turn funds for the charity.

In February 2023 we were able resume our Tea Dance fundraiser. This was held at the Langham Hotel, London and I am delighted to say that it kick started an improvement in funds. The Tea Dance raised a considerable amount of money boosting our depleted funds. We as a Foundation thank all those contributors who gave us auction prizes, and all of those who supported the event.

THE CARON KEATING FOUNDATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

Everyone within the Foundation was delighted that things were beginning to improve, and once again we could look forward to giving grants to support cancer charities all over the country.

However, in addition, some individuals have been most kind and generous in donating various sums of money, they could range from £5 to £20.

The Foundation has also benefitted from exceptionally generous donations from:

Kevin Carr-Auction On Line £4,000 John McGlynn-Scotland Meet and Greet Sir Cliff Richard £5,000

Neil Miller Head Gardener at Hever Castle gives talks to gardening groups and they in turn make a generous donation to the Foundation.

These are much appreciated and help towards us being able to look forward.

During the period 2022- present we have received many requests from cancer charities requesting support.

During the remainder of 2023 we will start to review all the requests and can report that in early 2024 we will be able to award some grants. Following the year end we have now made grant payments in the year ended 31 March 2024 totalling £189,800.

As we have mentioned in previous minutes the Foundation has held back some money in the bank to cover annual circumstances.

Plans for the Future

We intend to continue in our endeavours to raise money and we hugely appreciate all the effort other people make on our behalf and we feel we are steadily on course in our continued dedication to The Caron Keating Foundation and Caron’s memory which in 2024 reaches a 20-year anniversary.

We are beginning to make plans for a further large fund-raising event but at this stage are not able to confirm when that will take place.

In final analysis we are very encouraged by the way the Foundation continued to progress. Our administration costs continue to be minimal and restricted to administrative work by Wendy Bardell and Charles Hunniford who looks after the website, financial spreadsheets, and banking, plus of course running costs in relation to events to present these occasions professionally which in turn raises money for the Foundation. The other costs involved annually are the accountancy fees for Clarkson Hyde LLP, our Accountants.

Financial review

During the year, the Foundation generated total incoming resources of £96,699 and the net fund balance at the year end was £431,360.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between six and twelve month’s expenditure and also allow continued support of our most worthwhile charities for the following year should Gloria, for whatever reason, be unable to attend or organise fund-raising events. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees' report was approved by the Board of Trustees.

Gloria Hunniford

Trustee Dated: 18 April 2024

THE CARON KEATING FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE CARON KEATING FOUNDATION

I report to the Trustees on my examination of the financial statements of The Caron Keating Foundation (the charity) for the year ended 31 March 2023.

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 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Andrew Seton (FCCA) Clarkson Hyde LLP

3rd Floor Chancery House St Nicholas Way Sutton Surrey SM1 1JB

Dated: 30 April 2024

THE CARON KEATING FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted Unrestricted
funds funds
2023 2022
Notes £ £
Income from:
Donations and legacies 2 25,514 60,577
Charitable activities 3 69,612 305
Investments 4 1,573 475
Total income 96,699 61,357
Expenditure on:
Raising funds 5 35,040 29
Charitable activities 6 28,842 157,169
Total expenditure 63,882 157,198
Net income/(expenditure) for the year/
Net movement in funds 32,817 (95,841)
Fund balances at 1 April 2022 398,543 494,384
Fund balances at 31 March 2023 431,360 398,543

THE CARON KEATING FOUNDATION

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
11
Investments
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds
General unrestricted funds
Revaluation reserve		 2023
£
2,207
5,748
436,729
444,684
(21,638)
424,360
7,000		 £
314
8,000
8,314
423,046
431,360
431,360
431,360		 2022
£
2,226
55
397,789
400,070
(10,156)
391,543
7,000		 £
629
8,000
8,629
389,914
398,543
398,543
398,543

The financial statements were approved by the Trustees on 18 April 2024

Gloria Hunniford

Trustee

THE CARON KEATING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

The Caron Keating Foundation is a an unincorporated registered charity in England and Wales. The registered address is 3rd Floor, Chancery House, St Nicholas Way, Sutton, Surrey, SM1 1JB.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

1.4 Incoming resources

Voluntary income including donations and gifts in kind that provide core funding or are of general nature are recognised where this is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:

Investment income is recognised on a receivable basis.

Income from charitable activities includes the proceeds for the sale of goods.

1.5 Resources expended

Resources expended are included in the Statement of Financial Activities on an accrual basis, inclusive of any VAT which cannot be recovered. Expenditure is recognised when a liability is incurred.

Cost of generating funds are those costs incurred in attracting voluntary income.

Resources expended on charitable activities include donations paid to the chosen charitable institutions and the costs of stock.

Support costs have all been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory accounts preparation and legal fees together with an apportionment of overhead and support costs.

THE CARON KEATING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment

25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are stated at market value.

Changes in the value of the investments in the period, whether or not realised, are included under "Other recognised gains and losses" in the Statement of Financial Activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stock is valued at the lower of cost and net realisable value.

1.10 Cash and cash equivalents

Cash and cash equivalents include deposits held at call with banks.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

THE CARON KEATING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Fund accounting

All funds held by the Foundation are unrestricted general funds. These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

2 Donations and legacies

3
4
5		 Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Donations and gifts
25,514
60,577
Charitable activities
2023
2022
£
£
Activities for generating funds
69,612
305
Investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
1,573
475
Raising funds
2023
2022
£
£
Fundraising and publicity
Staging fundraising events
35,040
29
35,040
29		 Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Donations and gifts
25,514
60,577
Charitable activities
2023
2022
£
£
Activities for generating funds
69,612
305
Investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
1,573
475
Raising funds
2023
2022
£
£
Fundraising and publicity
Staging fundraising events
35,040
29
35,040
29
2022
£
29
29

THE CARON KEATING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

7 Charitable activities

Donations
payable
Charitable
Expenditure
Total
2023
2023
2023
£
£
£
Grant funding of activities (see note 7)
10,000
-
10,000
Share of governance costs (see note 8)
-
18,842
18,842
10,000
18,842
28,842
Grants payable
2023
£
Grants to institutions:
Other
10,000
-
Support costs
Support costs
Governance
costs
2023
2022 Basis of allocation
£
£
£
£
Depreciation
-
315
315
418
Repairs and renewals
-
1,607
1,607
- Governance
Accountancy
-
2,873
2,873
3,007 Governance
Postage and stationery
-
2,406
2,406
446 Governance
Travelling expenses
-
3,863
3,863
4,516 Governance
Computer costs
-
999
999
681 Governance
Bank charges
-
253
253
221 Governance
Secretarial and
administrative support
-
6,526
6,526
6,148
Governance
-
18,842
18,842
15,437
Analysed between
Charitable activities
-
18,842
18,842
15,437		 Total
2022
£
141,732
15,437
157,169
2022
£
141,732

7 Grants payable

8 Support costs

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

THE CARON KEATING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Tangible fixed assets

Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2022 6,721
At 31 March 2023 6,721
Depreciation and impairment
At 1 April 2022 6,092
Depreciation charged in the year 315
At 31 March 2023 6,407
Carrying amount
At 31 March 2023 314
At 31 March 2022 629

12 Fixed asset investments

Unlisted
investments
£
Cost or valuation
At 1 April 2022 & 31 March 2023 8,000
Carrying amount
At 31 March 2023 8,000
At 31 March 2022 8,000

Fixed asset investments are stated at market value. Fixed asset investments represent 100,000 Ordinary Shares of 1p each gifted on 1st April 2005 by Eurovestech plc. The historical cost of this investment is £1,000.

13 Stocks
2023 2022
£ £
Finished goods and goods for resale 2,207 2,226

THE CARON KEATING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

14
Debtors
Amounts falling due within one year:
Other debtors
15
Creditors: amounts falling due within one year
Accruals and deferred income		 2023
£
5,748
2023
£
21,638		 2022
£
55
2022
£
10,156

16 Related party transactions

Charles Hunniford (the brother of one of the trustees, Gloria Hunniford) received £4,400 (2022 £4,800) during the year in respect of the IT services he provides and for the processing of the Foundation's donations. Gloria Hunniford was reimbursed £2,500 for travelling and other expenses incurred in the year and the charity paid £1,607 in respect of repairs and a portion of the rates in respect of a home cabin which is used for storage of the charity's records.