Docusign Envelope ID: 3E0DE3F2-2419-41FB-8E97-8ACABE901F69
REGISTERED CHARITY NUMBER: 1114579
Report of the Trustees and Financial Statements
for the Year Ended 31 March 2025
for
THE LEWY BODY SOCIETY
Sumer Auditco Limited 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ
Docusign Envelope ID: 3E0DE3F2-2419-41FB-8E97-8ACABE901F69
THE LEWY BODY SOCIETY
Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Report of the Independent Auditors | 5 | to | 6 |
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 16 |
| Detailed Statement of Financial Activities | 17 |
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THE LEWY BODY SOCIETY
Reference and Administrative Details FOR THE YEAR ENDED 31 MARCH 2025
Trustees
A Bayston L Corner D Pattison (resigned 5.11.24) C Bewick E Bewley
Principal address Unity House Westwood Park Wigan Lancashire WN3 4HE Registered charity number 1114579 Auditors Sumer Auditco Limited 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ
Charity Number (Scotland) SC047044
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THE LEWY BODY SOCIETY
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
Objectives and aims
Volunteerism, of time, effort and financial support, has historically been at the core of charitable endeavours and is a fundamental tenet of the Lewy Body Society. To this end, the Society is firmly committed to the following practices and principles. That:
We owe a duty of care to our contributors to ensure that the money they so generously send us is spent wisely and only to further the objects stated in the Society's constitution, namely to raise awareness of and fund research into Lewy Body dementia;
We do not solicit donations but are grateful to those who undertake fundraising activities which benefit the Society. The "Donate" button on the website is for the convenience of those who wish to contribute;
We will never ask a contributor for further donations;
We do not employ paid staff but may, from time to time, buy the services of an independent contractor to augment the work of the voluntary Operations Team or provide professional expertise out with the Team's expertise and experience for a specific project and with a clear and limited remit;
The Trustees are not remunerated for their services and the only money they receive is reimbursement for out of pocket expenses incurred on behalf of the Society, ·Repayment of all such expenses is reviewed and approved by a different Trustee than the one submitting a request for reimbursement;
Any investment of uncommitted funds will be with ethical companies;
We will not endorse or be associated with any commercial enterprise;
We will not accept donations from any company or organisation which might result in fettering or dictating our activities, create a conflict of interest or that the Trustees seem to be unethical in policy or practice.
Public benefit
The principal objective of the charity is to relieve the needs of people living with Dementia with Lewy Bodies (DLB) by raising awareness of and supporting research into the disease.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and funding policies.
Policies in relation to research grants made
Research grants have been made under the guidance of the Society's Specialist Advisory Committee (SAC). A new chair of the SAC is in the process of being appointed, Dr. Jill Rasmussen ceased to hold office on 31st December 2024. Membership is decided and voted upon by the members of the SAC in accordance with AMRC (Association of Medical Research Charities) rules and guidance.
Achievement and performance
Charitable activities
The Society maintains a comprehensive website with information about DLB which receives 4000-5000 hits per month. It also produces written materials about DLB, all of which are downloadable from the website in addition to being available in hard copy.
Funding research is a priority, there was a grant round in 2024 however there will be no grant round in 2025.
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THE LEWY BODY SOCIETY
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
Achievement and performance
How we fulfilled our objectives in 2024-25
The Lewy Body Society was an exhibitor at AAIC 2023 held on July 16-19, 2023 in Amsterdam, Netherlands.
Unsolicited contributions made in lieu of flowers at funerals continue to be the major source of income. The names of people in whose memory donations are made appear on the In Memoriam page of the website, which means a great deal to mourners, who consider it to be a "cyber headstone". There was another weeklong Dotty Days event in June 2023 which involved raising awareness on social media and selling polka dot merchandise via the online shop. Individuals continue to undertake sponsored events to raise funds.
The charity is a member of the Institute of Fundraising who are a registered charity founded in 1983, and is the professional membership body for UK fundraising. The charity follows the Code of Practice set out by the Institute of Fundraising. We are also registered with the Fundraising Regulator.
We have been a member of the AMRC (Association of Medical Research Charities) since 2017.
The society continues to fund a Dementia UK Admiral Nurse specifically for Lewy Body Dementia. The nurse is hosted by DUK but funded by the society.
The society is the secretariate for Lewy Body International.
Financial review
Financial position
Except for the sale of Christmas cards, wristbands, Fritz awareness ribbons and other merchandise, the charity's main source of funds is from voluntary contributions. These are mainly from donations in lieu of flowers at funerals and from people undertaking sponsored events such as running in marathons or other challenges. All contributions are voluntary, as other than providing an opportunity via the website to make a donation by Paypal, the LBS does not solicit contributions.
Jacqueline Cannon, who previously served as the volunteer CEO of the Society from 2010, continues in the position on a remunerated basis as an independent contractor. This allows the charity to grow and meet the needs of supporters. As little as possible is spent on administration and overheads. One of the major operating expenditures is Office Bay, a service office which receives and forwards mail and telephone messages. Postage and printing are other usual expenses.
Printing informational materials and exhibiting at conferences are expenses necessary for raising awareness. Funding research is a priority for trustees and contributors alike.
Principal funding sources
The principal source of funding in the period were legacy receipts. Total income from legacies in the year was £404,511 compared to £35,000 in the previous year.
Reserves policy and going concern
The policy for Reserves is to maintain one-third of incoming receipts as cash or deposits.
There are no material uncertainties casting significant doubt about the charity's ability to continue.
Future plans
Our plans for the future include:-
The trustees are pleased to report that the charity has continued to make strong progress towards its objective of raising awareness throughout the year. As the Lewy Body Society approaches its 20th Anniversary in 2026, we are committed to building on this momentum and further expanding our impact. In line with this, the charity will be exhibiting at the Alzheimer's Association International Conference (AAIC) in 2025-an important opportunity to increase visibility and engage with the international research and clinical community. We are also delighted to announce the appointment of a new Patron, Robert Rinder MBE, whose support will be instrumental in raising the charity's profile and strengthening our advocacy efforts. Looking ahead, the trustees are actively engaged in discussions to confirm plans for a further grant round in 2026, continuing our commitment to supporting research into Lewy body dementia.
Structure, governance and management
Governing document
The charity is governed by its Constitution as amended in August 2016.
Organisational structure
The trustees meet on a regular basis to discuss the work and development of the organisation. The charity is operated mainly by volunteers. As a member of the AMRC (Association of Medical Research Charities) the research funded by Lewy Body Society is administered directly by the society.
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THE LEWY BODY SOCIETY
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
A draft risk register is being worked on for approval by the trustees.
The major risk is that someone takes information provided by the LBS as medical advice. There are prominent disclaimers on all information provided by the Society.
Auditors
In accordance with the company's articles, a resolution proposing that Sumer Auditco Limited be reappointed as auditor of the company will be put at a General Meeting.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements 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 assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 25 September 2025 and signed on its behalf by:
A Bayston - Trustee
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Report of the Independent Auditors to the Trustees of The Lewy Body Society
Opinion
We have audited the financial statements of The Lewy Body Society (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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Report of the Independent Auditors to the Trustees of The Lewy Body Society
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extend to which our procedures are capable of detecting irregularities, including fraud is detailed below.
· Consideration was given to the entity's susceptibility to material misstatement at all times during the audit including consideration of how fraud could occur. This involved consideration of the nature of the entity's activities and transactions with the potential identification of fraud.
· Identification of key laws and regulations considered central to the entity, including a review of any policies and procedures in place to ensure compliance. Key laws and regulations identified include the UK Companies Act, Institute of fundraising & the fundraising regulator.
· Ensured that the engagement team had the necessary competence and capabilities to identify any examples of non-compliance at all stages.
· Audit work was completed in all relevant areas that were deemed to be appropriate for the client and the associated risks in respect of potential misstatements, including fraud. Our audit work was designed to assess these risks in all areas and included enquiry of management, testing the appropriateness of journal entries, reviewing financial statement disclosures and tracing to relevant documentation as well as the consideration of the risk of potential management override.
Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Sumer Auditco Limited 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ
25 September 2025
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THE LEWY BODY SOCIETY
Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 5 Charitable activities 6 Raising awareness Supporting research Other 9 Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 845,312 7,294 40,539 893,145 3,352 68,073 268,053 74,404 413,882 (95,000) 384,263 2,715,329 3,099,592 |
Restricted fund £ - - - - - - - - - - - - - |
31.3.25 Total funds £ 845,312 7,294 40,539 893,145 3,352 68,073 268,053 74,404 413,882 (95,000) 384,263 2,715,329 3,099,592 |
31.3.24 Total funds £ 353,931 - 38,190 392,121 3,214 102,573 294,424 65,710 465,921 - (73,800) 2,789,129 2,715,329 |
|---|---|---|---|---|
The notes form part of these financial statements
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THE LEWY BODY SOCIETY
Balance Sheet 31 MARCH 2025
| 31.3.25 | 31.3.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investment property | 14 | 475,000 | - | 475,000 | 570,000 |
| CURRENT ASSETS | |||||
| Debtors | 15 | 50 | - | 50 | 50 |
| Cash at bank | 2,625,719 | - | 2,625,719 | 2,146,229 | |
| 2,625,769 | - | 2,625,769 | 2,146,279 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 16 | (1,177) | - | (1,177) | (950) |
| NET CURRENT ASSETS | 2,624,592 | - | 2,624,592 | 2,145,329 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES | 3,099,592 | - | 3,099,592 | 2,715,329 |
| NET ASSETS | 3,099,592 | - | 3,099,592 | 2,715,329 | |
| FUNDS | 17 | ||||
| Unrestricted funds | 3,099,592 | 2,715,329 | |||
| TOTAL FUNDS | 3,099,592 | 2,715,329 |
The financial statements were approved by the Board of Trustees and authorised for issue on 25 September 2025 and were signed on its behalf by:
A Bayston - Trustee
The notes form part of these financial statements
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THE LEWY BODY SOCIETY
Cash Flow Statement FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 452,441 | (98,366) |
| Net cash provided by/(used in) operating activities | 452,441 | (98,366) | |
| Cash flows from investing activities | |||
| Interest received | 27,049 | 24,567 | |
| Net cash provided by investing activities | 27,049 | 24,567 | |
| Change in cash and cash equivalents in | |||
| the reporting period | 479,490 | (73,799) | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 2,146,229 | 2,220,028 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 2,625,719 | 2,146,229 |
The notes form part of these financial statements
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THE LEWY BODY SOCIETY
Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 MARCH 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Losses on investments Interest received Increase in creditors Net cash provided by/(used in) operations ANALYSIS OF CHANGES IN NET FUNDS Net cash Cash at bank Total |
At 1.4.24 £ 2,146,229 2,146,229 2,146,229 |
31.3.25 £ 384,263 95,000 (27,049) 227 452,441 Cash flow £ 479,490 479,490 479,490 |
31.3.24 £ (73,800) - (24,567) 1 (98,366) At 31.3.25 £ 2,625,719 2,625,719 2,625,719 |
|---|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
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THE LEWY BODY SOCIETY
Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations, sponsorships and legacies and is included in full in the Statement of Financial Activities when receivable. In the case of legacies, these are recognised as receivable once probate has been granted and notification received.
Gift Aid is included based on amounts recoverable at the accounting date. Investment income is included when receivable.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance Computer equipment - 33.3% on cost
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Investment property
The investment property was valued as at February 2022 by Ashfield Yeovil Limited. The investment property has been reviewed this year and is considered to be included at fair value.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise 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 the notes to the financial statements.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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THE LEWY BODY SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
2. DONATIONS AND LEGACIES
| Donations Gift aid Legacies Sponsorship 3. OTHER TRADING ACTIVITIES Sales of merchandise 4. INVESTMENT INCOME Rents received Deposit account interest 5. RAISING FUNDS Raising donations and legacies Fundraising costs 6. CHARITABLE ACTIVITIES COSTS Raising awareness Supporting research 7. GRANTS PAYABLE Supporting research The total grants paid to institutions during the year was as follows: Newcastle University University of Cambridge Kings College Neurology Academy University of Southampton Queens University |
Direct Costs £ 68,073 89,593 157,666 |
31.3.25 £ 323,818 12,522 404,511 104,461 845,312 31.3.25 £ 7,294 31.3.25 £ 13,490 27,049 40,539 31.3.25 £ 3,352 Grant funding of activities (see note 7) £ - 178,460 178,460 31.3.25 £ 178,460 31.3.25 £ 10,584 108,082 4,771 - 4,599 50,424 178,460 |
31.3.24 £ 209,480 7,739 35,000 101,712 |
|---|---|---|---|
| 353,931 | |||
| 31.3.24 £ - 31.3.24 £ 13,623 24,567 38,190 31.3.24 £ 3,214 Totals £ 68,073 268,053 |
|||
| 336,126 | |||
| 31.3.24 £ 239,345 |
|||
| 31.3.24 £ 151,809 39,611 - 25,000 1,114 21,811 |
|||
| 239,345 |
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THE LEWY BODY SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
8. SUPPORT COSTS
| 8. | SUPPORT COSTS | ||||
|---|---|---|---|---|---|
| Governance | |||||
| Management | Other | costs | Totals | ||
| £ | £ | £ | £ | ||
| Other resources expended | 58,325 | 3,376 | 12,703 | 74,404 | |
| 9. | OTHER | ||||
| 31.3.25 | 31.3.24 | ||||
| £ | £ | ||||
| Support costs | 74,404 | 65,710 | |||
| 10. | AUDITORS' REMUNERATION | ||||
| 31.3.25 | 31.3.24 | ||||
| £ | £ | ||||
| Fees payable to the charity's auditors for the audit of the charity's | financial | ||||
| statements | 9,391 | 5,530 | |||
| Other non-audit services | 3,312 | 1,740 | |||
| Total fees payable | 12,703 | 7,270 |
11. TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
Trustees were reimbursed expenses of £3,651 paid for the year ended 31 March 2025 and £6,951 paid for the year ended 31 March 2024.
| 12. STAFF COSTS Wages and salaries The average monthly number of employees during the year was as follows: CEO (Independent contractor) No employees received emoluments in excess of £60,000. |
31.3.25 £ 58,325 58,325 31.3.25 1 |
31.3.24 £ 57,625 |
|---|---|---|
| 57,625 | ||
| 31.3.24 1 |
13. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Fixtures | |||
| and | Computer | ||
| fittings | equipment | Totals | |
| £ | £ | £ | |
| COST | |||
| At 1 April 2024 and 31 March 2025 | 150 | 1,189 | 1,339 |
| DEPRECIATION | |||
| At 1 April 2024 and 31 March 2025 | 150 | 1,189 | 1,339 |
| NET BOOK VALUE | |||
| At 31 March 2025 | - | - | - |
| At 31 March 2024 | - | - | - |
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THE LEWY BODY SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
14. INVESTMENT PROPERTY
| FAIR VALUE At 1 April 2024 Revaluation At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
£ 570,000 (95,000) |
|---|---|
| 475,000 | |
| 475,000 | |
| 570,000 |
The investment property is included at fair value based on an independent valuation supplied by an independent valuer who holds a relevant professional qualification.
Fair value at 31 March 2025 is represented by:
| Valuation in 2025 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 17. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 893,145 TOTAL FUNDS 893,145 |
At 1.4.24 £ 2,715,329 2,715,329 Resources expended £ (413,882) (413,882) |
31.3.25 £ 50 31.3.25 £ 1,177 Net movement in funds £ 384,263 384,263 Gains and losses £ (95,000) (95,000) |
£ 475,000 31.3.24 £ 50 31.3.24 £ 950 At 31.3.25 £ 3,099,592 |
£ 475,000 |
|
|---|---|---|---|---|---|
| 3,099,592 | |||||
| Movement in funds £ 384,263 384,263 |
|||||
| 384,263 |
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Docusign Envelope ID: 3E0DE3F2-2419-41FB-8E97-8ACABE901F69
THE LEWY BODY SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 2,789,129 TOTAL FUNDS 2,789,129 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 392,121 TOTAL FUNDS 392,121 |
Net movement in funds £ (73,800) (73,800) Resources expended £ (465,921) (465,921) |
At 31.3.24 £ 2,715,329 |
At 31.3.24 £ 2,715,329 |
|
|---|---|---|---|---|
| 2,715,329 | ||||
| Movement in funds £ (73,800 (73,800 |
||||
| (73,800 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.23 £ 2,789,129 2,789,129 |
Net movement in funds £ 310,463 310,463 |
At 31.3.25 £ 3,099,592 |
|---|---|---|---|
| 3,099,592 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1,285,266 | (879,803) | (95,000) | 310,463 |
| TOTAL FUNDS | 1,285,266 | (879,803) | (95,000) | 310,463 |
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Docusign Envelope ID: 3E0DE3F2-2419-41FB-8E97-8ACABE901F69
THE LEWY BODY SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
18. OTHER FINANCIAL COMMITMENTS
Grant funding was awarded to the following four institutions subject to contract. Payments are made in arrears on receipt of invoice and no payments have yet been made.
| University College London | How does cerebral small vessel disease contribute to Lewy Body | £167,346 |
|---|---|---|
| Dementia? | ||
| University of Dundee | DNA damage as a potential driver of Lewy body disease | £141,839 |
| Queen's University Belfast | Investigating the specificity and primary predictive value of the | £82,275 |
| clinical diagnostic criteria for dementia with Lewy bodies (DLB) | ||
| (InSpecT-DLB) | ||
| University of Cambridge | Using Proteomics to differentiate Dementia with Lewy Bodies | £203,166 |
| fromAlzheimer’s Disease and healthy controls |
Amounts totalling £188,459 remain outstanding in respect of grants awarded in 2020 grant round, £37,040 in respect of grants awarded in 2021, £234,552 in respect of grants awarded in 2023. These are paid in arreas on receipt of invoice over a multi-year period.
19. RELATED PARTY DISCLOSURES
Trustees were reimbursed expenses of £3,651 for the year ended 31 March 2025 and £6,951 for the year ended 31 March 2024.
20. LEGACIES
The Lewy Body Society has been notified of a legacy which has not been included within the financial statements as it does not yet meet the income recognition criteria. This includes a residuary legacy with a value of £28,774. Residuary legacies are normally recognised once draft accounts are received or other information which allow them to be measured with reasonable accuracy.
Page 16
Docusign Envelope ID: 3E0DE3F2-2419-41FB-8E97-8ACABE901F69
THE LEWY BODY SOCIETY
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025
| FOR THE YEAR ENDED 31 | MARCH 2025 | |
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 323,818 | 209,480 |
| Gift aid | 12,522 | 7,739 |
| Legacies | 404,511 | 35,000 |
| Sponsorship | 104,461 | 101,712 |
| 845,312 | 353,931 | |
| Other trading activities | ||
| Sales of merchandise | 7,294 | - |
| Investment income | ||
| Rents received | 13,490 | 13,623 |
| Deposit account interest | 27,049 | 24,567 |
| 40,539 | 38,190 | |
| Total incoming resources | 893,145 | 392,121 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising costs | 3,352 | 3,214 |
| Charitable activities | ||
| Insurance | 1,470 | 2,163 |
| Dementia UK helpline & nurse | 88,513 | 54,884 |
| Communications and PR | 66,603 | 99,507 |
| Costs of office | 1,080 | 1,098 |
| Grants to institutions | 178,460 | 239,345 |
| 336,126 | 396,997 | |
| Support costs | ||
| Management | ||
| CEO payments | 58,325 | 57,625 |
| Other | ||
| Postage, stationery & admin. | 3,376 | 815 |
| Governance costs | ||
| Auditors' remuneration | 9,391 | 5,530 |
| Auditors' remuneration for non audit work | 3,312 | 1,740 |
| 12,703 | 7,270 | |
| Total resources expended | 413,882 | 465,921 |
| Net income/(expenditure) | 479,263 | (73,800) |
This page does not form part of the statutory financial statements
Page 17