www.emmasbubbletrust.org
Trustees Annual Report for FY period April 2023 to March 2024
Emma’s Bubble Trust (“EBT”) continued to raise money in respect of its mission to help provide practical support to individuals and families affected by teenage cancers in 2023/24.
As in previous years, the core objective during this time was to use the funds that we raised to help create a sustainable long-term relationship with the Royal Marsden Hospital in Sutton, where our daughter Emma was treated, and high-level specialist teenage cancer care is available.
As in previous years, the charity’s primary focus in 2023/24 was to financially support the EBT flat located near to the Royal Marsden Hospital in Sutton that is made available to families without charge on a “respite accommodation” basis.
Financially, 2023/24 was another challenging year. However, the decision taken to pay off the remaining mortgage on the Sutton flat owned by the charity in February 2023 proved to be a good one as our monthly outgoings were significantly lower in this financial year as a result.
The charity’s main sources of income in this financial year were the annual Ball in December 2023, plus private & personal donations and several soft toy tombolas at local country fairs and gatherings.
Mark Brandon
For and on behalf of the Trustees, Emma’s Bubble Trust
Emma’s Bubble Trust is a registered charity No. 1124504 Registered as a company limited by guarantee in England and Wales No. 06539443 Registered address c/o 25 Oaken Coppice, Ashtead, Surrey KT21 1DL
www.emmasbubbletrust.org
Registered number: 06539443 Charity number: 1124504
Emma's Bubble Trust
(A Company Limited by Guarantee)
Unaudited
Trustees' Report and Financial Statements
For the Year Ended 31 March 2024
Emma's Bubble Trust
(A Company Limited by Guarantee)
Contents
| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 3 |
| Trustees' Responsibilities Statement | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 13 |
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Reference and Administrative Details of the Company, its Trustees and Advisers For the Year Ended 31 March 2024
| Trustees | M.A.M. Brandon, Chair |
|---|---|
| L.J. Brandon | |
| J.F. Pritchard | |
| I.D. McCulloch | |
| P.C. Brandon | |
| J.M. Lynch | |
| W.J. Cahill | |
| C. Welford (appointed 16 March 2024) | |
| Company registered number 06539443 Charity registered number 1124504 Registered office 25 Oaken Coppice Ashtead Surrey KT21 1DL Company secretary L.J. Brandon Accountants UHY Hacker Young Chartered Accountants Thames House Roman Square Sittingbourne Kent ME10 4BJ Solicitors Weightmans LLP India Buildings Water Street Liverpool Merseyside L2 0GA Patrons Tim Brabants MBE BMedSci (Hons) BMBS Paul Hodgson |
Page 1
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Trustees' Report For the Year Ended 31 March 2024
The Trustees present their annual report together with the financial statements of the company for the 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
Emma’s Bubble Trust (“EBT”) continued to raise money in respect of its mission to help provide practical support to individuals and families affected by teenage cancers in 2023/24.
As in previous years, the core objective during this time was to use the funds that we raised to help create a sustainable long-term relationship with the Royal Marsden Hospital in Sutton, where our daughter Emma was treated, and high-level specialist teenage cancer care is available.
As in previous years, the charity’s primary focus in 2023/24 was to financially support the EBT flat located near to the Royal Marsden Hospital in Sutton that is made available to families without charge on a “respite accommodation” basis.
In setting objectives and planning for activities, the Trustees have given due consideration to general published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
As in previous years, the charity’s primary focus in 2023/24 was to financially support the EBT flat located near to the Royal Marsden Hospital in Sutton that is made available to families without charge on a “respite accommodation” basis.
Achievements and performance
a. Main achievements of the company
During 2023/24 the EBT flat continued to be an established part of the service made available locally to Royal Marsden patients and families.
b. Review of activities
Financially, 2023/24 was another challenging year. However, the decision taken to pay off the remaining mortgage on the Sutton flat owned by the charity in February 2023 proved to be a good one as our monthly outgoings were significantly lower in this financial year as a result.
The charity’s main sources of income in this financial year were the annual Ball in December 2023, plus private and personal donations and several soft toy tombolas at local country fairs and gatherings.
This year’s December ball was back at Woodlands Park Hotel in Cobham, and it delivered a net return of £4,508.09, made up as follows:
76 tickets sold, with a £5 margin per ticket equals £380 net ticket margin Auction delivered @ £2,294.11 Raffle delivered £1,960 Cash deduction for additional wine £125.91
A £4.5k performance compares less than favourably with the last two years’ performance (£5,917 in December 2022 and £7,642 in December 2021 respectively), and reflects declining ticket sales, margin and auction prize value.
Page 2
Emma's Bubble Trust
(A Company Limited by Guarantee)
Trustees' Report (continued) For the Year Ended 31 March 2024
Achievements and performance (continued)
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Financial performance and reserves policy
The Statement of Financial Activities on page 6 shows that incoming resources for the year amounted to £30,499 and mainly comprised income from fundraising events organised by the charity and donations kindly received.
Expended resources amounted to £16,355. The main expenses were costs associated with the running of the EBT flat and the costs of holding fundraising events.
The overall result was therefore a surplus of £14,144, leaving unrestricted funds at 31 March 2024 of £192,048, which includes the value of the flat. The charity's completely "free" reserves, available to be freely spent or allocated at the discretion of the trustees to support the charitable objectives, were therefore the net current assets of £27,086 (2023: £8,918).
Cash at bank was £26,764. The company looks to retain sufficient cash reserves to meet the annual running costs of the flat.
Structure, governance and management
a. Constitution
The charitable company is limited by guarantee and was incorporated on 19 March 2008. Its governing documents are the Memorandum and Articles of Association of that date.
b. Methods of appointment or election of Trustees
Membership to the charity is open to individuals and organisations who apply to the charity in the form required by the Trustees. On receiving such an application the Trustees give proper consideration to whether appointing the person or organisation will benefit the charity. Any appointments are confirmed in writing, with the new Trustee noted in the register of names of members. New Trustees are provided with suitable training for their role.
Approved by order of the members of the board of Trustees and signed on their behalf by:
L.J. Brandon Trustee
Date:
Page 3
Emma's Bubble Trust
(A Company Limited by Guarantee)
Statement of Trustees' responsibilities For the Year Ended 31 March 2024
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
L.J. Brandon Trustee
Date:
Page 4
Emma's Bubble Trust
(A Company Limited by Guarantee)
Independent Examiner's Report For the Year Ended 31 March 2024
Independent Examiner's Report to the Trustees of Emma's Bubble Trust ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2024.
Responsibilities and Basis of Report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
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:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent Examiner'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 company and the company's Trustees as a body, for my work or for this report.
Signed: A.R. Hickie BSc FCA
Dated:
UHY Hacker Young
Chartered Accountants Thames House Roman Square Sittingbourne Kent ME10 4BJ
Page 5
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2024
| Note Income from: Donations and legacies 3 Other trading activities 4 Total income Expenditure on: Raising funds Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward 12 |
Unrestricted funds 2024 £ 5,450 25,049 30,499 5,304 11,051 16,355 14,144 177,904 14,144 192,048 |
Total funds 2024 £ 5,450 25,049 30,499 5,304 11,051 16,355 14,144 177,904 14,144 192,048 |
Total funds 2023 £ 5,484 11,976 17,460 |
|---|---|---|---|
| 5,970 12,584 18,554 |
|||
| (1,094) | |||
| 178,998 (1,094) 177,904 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 13 form part of these financial statements.
Page 6
Emma's Bubble Trust
(A Company Limited by Guarantee) Registered number: 06539443
Balance Sheet As at 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 9 | 164,962 | 168,986 | ||
| Current assets | |||||
| Stocks | 394 | 472 | |||
| Debtors | 10 | 1,200 | - | ||
| Cash at bank and in hand | 26,764 | 9,656 | |||
| 28,358 | 10,128 | ||||
| Creditors: amounts falling due within one year | 11 | (1,272) | (1,210) | ||
| Net current assets | 27,086 | 8,918 | |||
| Total net assets | 192,048 | 177,904 | |||
| Charity funds | |||||
| Restricted funds | 12 | - | - | ||
| Unrestricted funds | 12 | 192,048 | 177,904 | ||
| Total funds | 192,048 | 177,904 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
L.J. Brandon Trustee
Date:
The notes on pages 8 to 13 form part of these financial statements.
Page 7
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
1. General information
Emma's Bubble Trust is a private company limited by guarantee, incorporated England and Wales, registration number 06539443. The registered office is 25 Oaken Coppice, Ashtead, Surrey, KT21 1DL.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Emma's Bubble Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure 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 raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
| Freehold property | - | 2% |
|---|---|---|
| Fixtures and fittings | - | 33% |
| Office equipment | - | 20% |
Page 8
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
2. Accounting policies (continued)
2.5 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.6 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
3. Income from donations and legacies
| Donations Analysis of 2023 total by fund |
Unrestricted funds 2024 £ 5,450 5,484 |
Total funds 2024 £ 5,450 5,484 |
Total funds 2023 £ 5,484 |
|---|---|---|---|
4. Income from other trading activities
Income from fundraising events
| Annual Ball Xmas Square raffle Other fundraising Analysis of 2023 total by fund |
Unrestricted funds 2024 £ 8,355 2,789 13,905 25,049 11,976 |
Total funds 2024 £ 8,355 2,789 13,905 25,049 11,976 |
Total funds 2023 £ 9,970 - 2,006 |
|---|---|---|---|
| 11,976 | |||
Page 9
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
5. Analysis of expenditure on charitable activities
Summary by fund type
| Provision of teenage cancer support services Analysis of 2023 total by fund Analysis of expenditure by activities Provision of teenage cancer support services Total 2023 |
Unrestricted funds 2024 £ 11,051 12,584 Support costs 2024 £ 11,051 12,584 |
Total 2024 £ 11,051 12,584 Total funds 2024 £ 11,051 12,584 |
Total 2023 £ 12,584 |
|---|---|---|---|
| Total funds 2023 £ 12,584 |
|||
6. Analysis of expenditure by activities
Analysis of support costs
| Depreciation Legal fees Independent examination fees General expenses Bank charges and Just Giving fees Property expenses |
Total funds 2024 £ 4,024 1,913 1,272 489 374 2,979 11,051 |
Total funds 2023 £ 4,024 1,725 1,210 830 330 4,465 |
|---|---|---|
| 12,584 |
Page 10
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .
8. Staff
There were no employees during the year (2023 - none) .
9. Tangible fixed assets
| Cost or valuation At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 10. Debtors Prepayments and accrued income |
Freehold property £ 201,178 201,178 32,192 4,024 36,216 164,962 168,986 |
Fixtures and fittings £ 149 149 149 - 149 - - 2024 £ 1,200 |
Total £ 201,327 |
|---|---|---|---|
| 201,327 | |||
| 32,341 4,024 |
|||
| 36,365 | |||
| 164,962 | |||
| 168,986 | |||
| 2023 £ - |
Page 11
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
11. Creditors: Amounts falling due within one year
| Accruals and deferred income 12. Statement of funds Statement of funds - current year Unrestricted funds General funds Statement of funds - prior year Unrestricted funds General funds |
Balance at 1 April 2023 £ 177,904 Balance at 1 April 2022 £ 178,998 |
Income £ 30,499 Income £ 17,460 |
2024 £ 1,272 Expenditure £ (16,355) Expenditure £ (18,554) |
2023 £ 1,210 |
|---|---|---|---|---|
| Balance at 31 March 2024 £ 192,048 |
||||
| Balance at 31 March 2023 £ 177,904 |
13. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 164,962 28,358 (1,272) 192,048 |
Total funds 2024 £ 164,962 28,358 (1,272) |
|---|---|---|
| 192,048 |
Page 12
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 168,986 10,128 (1,210) 177,904 |
Total funds 2023 £ 168,986 10,128 (1,210) 177,904 |
|---|---|---|
14. Related party transactions
The company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the company at 31 March 2024.
Page 13
Registered number: 06539443 Charity number: 1124504
Emma's Bubble Trust
(A Company Limited by Guarantee)
Unaudited
Trustees' Report and Financial Statements
For the Year Ended 31 March 2024
Emma's Bubble Trust
(A Company Limited by Guarantee)
Contents
| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 3 |
| Trustees' Responsibilities Statement | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 13 |
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Reference and Administrative Details of the Company, its Trustees and Advisers For the Year Ended 31 March 2024
| Trustees | M.A.M. Brandon, Chair |
|---|---|
| L.J. Brandon | |
| J.F. Pritchard | |
| I.D. McCulloch | |
| P.C. Brandon | |
| J.M. Lynch | |
| W.J. Cahill | |
| C. Welford (appointed 16 March 2024) | |
| Company registered number 06539443 Charity registered number 1124504 Registered office 25 Oaken Coppice Ashtead Surrey KT21 1DL Company secretary L.J. Brandon Accountants UHY Hacker Young Chartered Accountants Thames House Roman Square Sittingbourne Kent ME10 4BJ Solicitors Weightmans LLP India Buildings Water Street Liverpool Merseyside L2 0GA Patrons Tim Brabants MBE BMedSci (Hons) BMBS Paul Hodgson |
Page 1
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Trustees' Report For the Year Ended 31 March 2024
The Trustees present their annual report together with the financial statements of the company for the 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
Emma’s Bubble Trust (“EBT”) continued to raise money in respect of its mission to help provide practical support to individuals and families affected by teenage cancers in 2023/24.
As in previous years, the core objective during this time was to use the funds that we raised to help create a sustainable long-term relationship with the Royal Marsden Hospital in Sutton, where our daughter Emma was treated, and high-level specialist teenage cancer care is available.
As in previous years, the charity’s primary focus in 2023/24 was to financially support the EBT flat located near to the Royal Marsden Hospital in Sutton that is made available to families without charge on a “respite accommodation” basis.
In setting objectives and planning for activities, the Trustees have given due consideration to general published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
As in previous years, the charity’s primary focus in 2023/24 was to financially support the EBT flat located near to the Royal Marsden Hospital in Sutton that is made available to families without charge on a “respite accommodation” basis.
Achievements and performance
a. Main achievements of the company
During 2023/24 the EBT flat continued to be an established part of the service made available locally to Royal Marsden patients and families.
b. Review of activities
Financially, 2023/24 was another challenging year. However, the decision taken to pay off the remaining mortgage on the Sutton flat owned by the charity in February 2023 proved to be a good one as our monthly outgoings were significantly lower in this financial year as a result.
The charity’s main sources of income in this financial year were the annual Ball in December 2023, plus private and personal donations and several soft toy tombolas at local country fairs and gatherings.
This year’s December ball was back at Woodlands Park Hotel in Cobham, and it delivered a net return of £4,508.09, made up as follows:
76 tickets sold, with a £5 margin per ticket equals £380 net ticket margin Auction delivered @ £2,294.11 Raffle delivered £1,960 Cash deduction for additional wine £125.91
A £4.5k performance compares less than favourably with the last two years’ performance (£5,917 in December 2022 and £7,642 in December 2021 respectively), and reflects declining ticket sales, margin and auction prize value.
Page 2
Emma's Bubble Trust
(A Company Limited by Guarantee)
Trustees' Report (continued) For the Year Ended 31 March 2024
Achievements and performance (continued)
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Financial performance and reserves policy
The Statement of Financial Activities on page 6 shows that incoming resources for the year amounted to £30,499 and mainly comprised income from fundraising events organised by the charity and donations kindly received.
Expended resources amounted to £16,355. The main expenses were costs associated with the running of the EBT flat and the costs of holding fundraising events.
The overall result was therefore a surplus of £14,144, leaving unrestricted funds at 31 March 2024 of £192,048, which includes the value of the flat. The charity's completely "free" reserves, available to be freely spent or allocated at the discretion of the trustees to support the charitable objectives, were therefore the net current assets of £27,086 (2023: £8,918).
Cash at bank was £26,764. The company looks to retain sufficient cash reserves to meet the annual running costs of the flat.
Structure, governance and management
a. Constitution
The charitable company is limited by guarantee and was incorporated on 19 March 2008. Its governing documents are the Memorandum and Articles of Association of that date.
b. Methods of appointment or election of Trustees
Membership to the charity is open to individuals and organisations who apply to the charity in the form required by the Trustees. On receiving such an application the Trustees give proper consideration to whether appointing the person or organisation will benefit the charity. Any appointments are confirmed in writing, with the new Trustee noted in the register of names of members. New Trustees are provided with suitable training for their role.
Approved by order of the members of the board of Trustees and signed on their behalf by:
L.J. Brandon Trustee
Date:
Page 3
Emma's Bubble Trust
(A Company Limited by Guarantee)
Statement of Trustees' responsibilities For the Year Ended 31 March 2024
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these 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 of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) 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 company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
L.J. Brandon Trustee
Date:
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Independent Examiner's Report For the Year Ended 31 March 2024
Independent Examiner's Report to the Trustees of Emma's Bubble Trust ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2024.
Responsibilities and Basis of Report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
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:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent Examiner'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 company and the company's Trustees as a body, for my work or for this report.
Signed: A.R. Hickie BSc FCA
Dated:
UHY Hacker Young
Chartered Accountants Thames House Roman Square Sittingbourne Kent ME10 4BJ
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2024
| Note Income from: Donations and legacies 3 Other trading activities 4 Total income Expenditure on: Raising funds Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward 12 |
Unrestricted funds 2024 £ 5,450 25,049 30,499 5,304 11,051 16,355 14,144 177,904 14,144 192,048 |
Total funds 2024 £ 5,450 25,049 30,499 5,304 11,051 16,355 14,144 177,904 14,144 192,048 |
Total funds 2023 £ 5,484 11,976 17,460 |
|---|---|---|---|
| 5,970 12,584 18,554 |
|||
| (1,094) | |||
| 178,998 (1,094) 177,904 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 13 form part of these financial statements.
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Emma's Bubble Trust
(A Company Limited by Guarantee) Registered number: 06539443
Balance Sheet As at 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 9 | 164,962 | 168,986 | ||
| Current assets | |||||
| Stocks | 394 | 472 | |||
| Debtors | 10 | 1,200 | - | ||
| Cash at bank and in hand | 26,764 | 9,656 | |||
| 28,358 | 10,128 | ||||
| Creditors: amounts falling due within one year | 11 | (1,272) | (1,210) | ||
| Net current assets | 27,086 | 8,918 | |||
| Total net assets | 192,048 | 177,904 | |||
| Charity funds | |||||
| Restricted funds | 12 | - | - | ||
| Unrestricted funds | 12 | 192,048 | 177,904 | ||
| Total funds | 192,048 | 177,904 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
L.J. Brandon Trustee
Date:
The notes on pages 8 to 13 form part of these financial statements.
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
1. General information
Emma's Bubble Trust is a private company limited by guarantee, incorporated England and Wales, registration number 06539443. The registered office is 25 Oaken Coppice, Ashtead, Surrey, KT21 1DL.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Emma's Bubble Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure 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 raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
| Freehold property | - | 2% |
|---|---|---|
| Fixtures and fittings | - | 33% |
| Office equipment | - | 20% |
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
2. Accounting policies (continued)
2.5 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.6 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
3. Income from donations and legacies
| Donations Analysis of 2023 total by fund |
Unrestricted funds 2024 £ 5,450 5,484 |
Total funds 2024 £ 5,450 5,484 |
Total funds 2023 £ 5,484 |
|---|---|---|---|
4. Income from other trading activities
Income from fundraising events
| Annual Ball Xmas Square raffle Other fundraising Analysis of 2023 total by fund |
Unrestricted funds 2024 £ 8,355 2,789 13,905 25,049 11,976 |
Total funds 2024 £ 8,355 2,789 13,905 25,049 11,976 |
Total funds 2023 £ 9,970 - 2,006 |
|---|---|---|---|
| 11,976 | |||
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
5. Analysis of expenditure on charitable activities
Summary by fund type
| Provision of teenage cancer support services Analysis of 2023 total by fund Analysis of expenditure by activities Provision of teenage cancer support services Total 2023 |
Unrestricted funds 2024 £ 11,051 12,584 Support costs 2024 £ 11,051 12,584 |
Total 2024 £ 11,051 12,584 Total funds 2024 £ 11,051 12,584 |
Total 2023 £ 12,584 |
|---|---|---|---|
| Total funds 2023 £ 12,584 |
|||
6. Analysis of expenditure by activities
Analysis of support costs
| Depreciation Legal fees Independent examination fees General expenses Bank charges and Just Giving fees Property expenses |
Total funds 2024 £ 4,024 1,913 1,272 489 374 2,979 11,051 |
Total funds 2023 £ 4,024 1,725 1,210 830 330 4,465 |
|---|---|---|
| 12,584 |
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .
8. Staff
There were no employees during the year (2023 - none) .
9. Tangible fixed assets
| Cost or valuation At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 10. Debtors Prepayments and accrued income |
Freehold property £ 201,178 201,178 32,192 4,024 36,216 164,962 168,986 |
Fixtures and fittings £ 149 149 149 - 149 - - 2024 £ 1,200 |
Total £ 201,327 |
|---|---|---|---|
| 201,327 | |||
| 32,341 4,024 |
|||
| 36,365 | |||
| 164,962 | |||
| 168,986 | |||
| 2023 £ - |
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
11. Creditors: Amounts falling due within one year
| Accruals and deferred income 12. Statement of funds Statement of funds - current year Unrestricted funds General funds Statement of funds - prior year Unrestricted funds General funds |
Balance at 1 April 2023 £ 177,904 Balance at 1 April 2022 £ 178,998 |
Income £ 30,499 Income £ 17,460 |
2024 £ 1,272 Expenditure £ (16,355) Expenditure £ (18,554) |
2023 £ 1,210 |
|---|---|---|---|---|
| Balance at 31 March 2024 £ 192,048 |
||||
| Balance at 31 March 2023 £ 177,904 |
13. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 164,962 28,358 (1,272) 192,048 |
Total funds 2024 £ 164,962 28,358 (1,272) |
|---|---|---|
| 192,048 |
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Emma's Bubble Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 March 2024
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 168,986 10,128 (1,210) 177,904 |
Total funds 2023 £ 168,986 10,128 (1,210) 177,904 |
|---|---|---|
14. Related party transactions
The company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the company at 31 March 2024.
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