Charity number: 1113059 THE LARA ATKIN CHARITABLE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE LARA ATKIN CHARITABLE FOUNDATION CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-12
THE LARA ATKIN CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trustees L Atkin R Harris B Gold Charity registered number 1113059 Principal office 16 Rosemont Road London NW3 6NE Accountants Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS Bankers Coutts & Co 440 Strand Loridon WC2R Page 1
THE LARA ATKIN CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual report together with the financial statement5 of Lara Atkin Charitable Foundation {the charity} for the year ended 5 April 2024. The Trustees confirm that Ihe annual report and financial slalemenls of the charity comply with the ctjrrent statutory requirements, the reqLtirements of the charity's governing document and the provisions of the Statement of Recommended Practice ISORP), applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive l January 20191- Objectives and activities Policies and objectives The principal object of the charity is to provide the relief of povety, distress and sickness. the advancement of education and the protection of health. b. Strategies for achieving objectives In compliance with the duly set out in section 4 of Ihe Charilies Act 2006 and in shaping our objectives for the year and planning Our aclivilies. the Injslees have considered the Charity Commission's guidance on public benefit. In deciding which institutions lo provide grants to. the trustees give careful consideration to charities that share the chariws obiectives. c. Main activities undertaken to fvrther the charity's purposes for the public benefit In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefil. including the guidance 'Public benefit". running a charity IP821'. Achievements and perfomiance a. Main achievements of the ¢haTity l)uring the year, charitable donations received amounted lo £84:581 12022.. £37,399). These reSoUrS were used lo fund grants. Financial review a. Going concern After making appropriate enquiries, the Tnjstees have a reasonable expectation thal the charity has adequate resources to continue in operational existence lor the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going concem basis can be found in the accounting policies. b. Reserves poli¢y The trustees wish to safeguard the charivs ability lo support the beneficiaries in the future and aim to achieve this by judicious management of ils resources. c. Principal risks and uncertainties The Board of Trustees is responsible for the managemenl of risks faced by the charity. All major risks to which the charity is exposed have been identified, assessed and aclion laken where appropriate. Structure, governance and management a. Constitution The charity was established by a Declaration of Trust dated 30 Dernber 2005 as Lara Atkin Charitable Foundation and is registered with the Charity Commission under the registration number 1113059. Page 2
THE LARA ATKIN CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 Structure. governance and management (continued) b. Methods of appointment or election of Trustees The management of the charity is Ihe responsibilty of the Trustees who are elected and co-opted under the terms of the Trust deed. Organisational structure and decision-making policies The charity is administered by the Board of Trustees which is its goveming body. There are no paid employees and the trustees meet at least twice a year to discuss and implement policy. Plans for future periods The Lara Atkin Charitable Foundation plans to continue to operate into the forseeable future with the continued objective of providing grants lo institutions workirhg towards the lief of poverty.. distress and sickness. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Tnjstees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a Inje and fair view of the state of affairs of the charity and of its incoming resoufces and application of resources. including its Income and expenditure. for Ihat period. In preparing these financial statements, the Trustees are qUired lo.. select suitable accounting policies and then apply Ihem consistently,. observe the methods and principles of the Charities SORP IFRS 1021,. make judgments and accounting estimates that are reasonable and prudent", state whelher applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the Iinanaal statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure Ihat Ihe financial stalemenls comply with the Charities Act 2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the asse15 of the charity and hence for taking feasonable steps for the prevention and deteclion of fraud and other irregularities. Approved by order the members of the board of and signed on their behalf by= Trustees on L Atkin (Trustee) Page 3
THE LARA ATKIN CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Independent Examinerfs Report to the TTUStees of The Lara Atktn Charitable Foundation I'the charity.) I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2024. Responsibilities and Basis of Report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 {'the 2011 Act'i. I report in respect of my examination of the chariws accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llb} of the 2011 Act. Independent ExaFniner's Statement YoLJr attention is drawn to the fact thal the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the AccounlirFg and Reporting by Charities." Sialement of Recofflmended Practice issued on 1 April 2005 which is referred lo in the extant regulalions bLSt has been withdrawn. l understand that this has been done in order for the accoijnts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have compleled 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.. accounting records were not kept in respect of Ihe charily as required by section 130 of the 2011 Act- or the accounts do not accord with those records." or the accounts do not comply with the applicable requirements ConmEn9 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 fairf 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 Ihe accounts to be reached. This report is made solely to the charitls Trustees. as a body. in accordance with Part 4 of the Charities IAc¢ounts and Reports) Regulations 2008. My work has been uridertakeri so that I might state lo the charity's Trustees those matters l am required lo slate lo them in an Independent Exatniner's Report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report. Signed.. Dated. 3 March 2025 Andrew Thomas ACA Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road Londorl NW3 5JS Page 4
THE LARA ATKIN CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Other trading activities Investments 84.581 21,145 15 84,581 21,145 15 37,399 9,845 98 Total income 105.741 105,741 47,342 Expenditure on". Charitable activities 108,268 108,268 47,416 Total expenditure 108.268 108,268 47,416 Net movement in funds 12.5271 12.527} 1741 Reconciliation of funds: Total funds brought forward Net movement in funds 60,304 (2.5271 60,304 12,527) 60,378 174} Total funds caTTied forward 57,777 57,777 60,304 The Statement of Financial Activilies includes all gains and k)sses recognised in the year. The notes on pages 7 to 12 fom part of these financial statements. Page 5
THE LARA ATKIN CHARITABLE FOUNDATION BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note Current assets Debtor5 Cash at bank and in hand 21,145 39.452 9,845 55.499 60.597 65,344 Creditors.. amounts falling due within one year 12 (2,8201 15,040) Net current assets 57.777 60,304 Total net assets 57,777 60.304 Charity funds Unrestricted funds 13 57,777 60,304 Totsl funds 57.777 60.304 The financial slalemenls were approved and authorised for issue by Ihe Trustees on and signed on their behalf by.. 20 February 2025 L Atkin (Trustee) The noles on pages 7 to 12 forTn part of these financial stalemenls. Page 6
THE LARA ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 General information The Lara Atkin Charitable Foundation is a charity gIStered in England & Wales. Its registered office address is 16 Rosemont Road, London, NW3 6NE. Accounting policies 2.1 Basis of preparation of financial statements The finanual slalements have been prepared in accordance with the Charities SORP (FRS 1021 Attounling 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 IFRS 1021 (effective 1 January 2019). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charitie5 (Accounts and Reports) Regulalions 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP (FRS 1021 published in October 2019 rather Ihan the Accounting and Reporting by Ch2rilies.' Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Lara Alkin Charitable Foundation meels the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. The charity's functional and presentational currency GBP. 2.2 Going concern The trustees have reviewed the circumstances of the charity. and consider that adequate resources continue lo be available to fund the activities of Ihe charity for the foreseeable future. The truslees consider that there are no matenal uncertainties about the charivs ability lo continue as a going concern. 2.3 Income All income is recognised once Ihe charity has entitlement to the income, it is probable that the income will be reIVed and the amount of income receivable can be measured reliably. Iricome lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at Ihe tiTrTre of the donation. 2.4 Expenditure Expendilure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. 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 on charrtable activities is incurred on directly undertaking the activities which further the charity's objectives. as well as any associated sPpOrt costs. Page 7
THE LARA ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Accounting polF¢ies (continued) 2.4 Expenditure (continued) Grants payable are charged in the year when the offer is made except in those cases where the offef is condilional. such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subjecl to coridilions which have not been mel at the year end are noted as a commitment, but not accrued a5 expenditure. Governance costs are those incurred in connection with administration of the charity and compliance with conslitulional and slalutory requirements. 2.5 Debtors Trade and other debtors are recognised at Ihe settlement amount. 2.6 Cash at bank and in hand Cash at bank and in hand indudes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.7 Ltabilities and provisions Liabilities are recognised when there is an obligation at the Balan Sheet date as a result of a past event. it is probable Ihat a transfer of economic benefit will be required in Settleent, and the amount of the Settlement can be estimated reliably. Liabilities are recognise(S al Ihe amount that the charity anticipates it will pay to settle the debt or the amount it has received as adVand payments for the goods or services it tnusl provide. 2.8 Financial InStments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrumenls. Basic fiF)anc¢al inslruments are initially recognised at transaction value and subsequently measured at their settlement value wÈth the exception of bank loans which are subsequently measured at amortised cost using the effective inlerest method. 2.9 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the charity and which have nol been designated for other purposes. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated are based on historical experience and other factors, including expeclalions of future events thal are believed to be reasonable under the circumstances. Crttical accounting estimates and assumplions.. There are no accounting estimations or assumptions in the accounts that are considered to be critical. Page 8
THE LARA ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Income from donattons and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations 84,581 84,581 37,399 Total 2023 37.399 37.399 Income from other trading activities Income from fundraising events Unrestricted funds 2024 Total fijnds 2024 Total funds 2023 Gift aid receivable 21,145 21,145 9,845 Total 2023 9,845 9,845 Analysis of expenditure on charitable activities Summary by fund type Unreslricted funds 2024 Total 2024 Total 2023 Grants to institutions 108.268 108.268 47,416 Total 2023 47,416 47,416 Page 9
THE LARA ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Grants to institutions 2024 2023 The British Library HVP UK Soho Theatre Co RSPB 20,000 5,000 5.000 50,000 15,000 10,000 10,000 5.000 5,000 Solutions Not Sides 15,000 10,000 St Annes College 105,000 45,000 Analysis of expenditure by activities Activities undertaken direct Support costs 2024 Total funds 2024 Total funds 2023 2024 Grants to institutions 105.000 3,268 108,268 47,416 Total 2023 45.000 2,416 47.416 Induded within support costs a governance costs of £2,820 (2023: £2,400) consisting of legal, professional and independent examination fees directly attributable lo the g0Veman of the charity. Independent examinerfs remuneration 2024 2023 Fees payable to the charity's independent examiner for the independent examination of the charity's annual accounls 1,800 1,440 Page 10
THE LARA ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 10. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023 - £NILI. During the year ended 5 April 2024. no Trustee expenses have been incurred {2023- £NILI. 11. Debtors 2024 Due within one year Olher debtors 21,145 21,145 12. Creditors: Amounts falling due within one year 2024 Accruals 2,820 13. Statement of funds Statement of funds - current year Balance at 6 April 2023 Balance at 5 April 2024 Income Expenditure Unrestricted funds General Funds- all funds 60.304 105,741 1108,268) 57,777 Statement of funds- prior yeaT Balance at 1 April 2022 Balance at Income Expenditure 5 April 2023 Unrestricted funds General Funds - all funds 60,378 47.342 147,4161 60,304 Page11
THE LARA ATKIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 14. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Currenl assets Cfedilors due within one year 60.597 12.820) 60,597 12,8201 Total 57,777 57,777 Analysis of net assets between funds - prior period Unrestricted ftjnds 2023 Total funds 2023 Current assets 65,344 15,(1401 65,344 15,040} Creditors due within one year Total 60,304 60,304 15. Related paty transactions Governance costs include £1,02012023'. £9601 in respect of professional servi$ payable to Adler Shine LLP, a firm in which R Harris is a consultant. A donatlon of £84.581 12023.. £37.3991 was received from L Atkin, a trustee of the charity. Page 12