## **CoppaFeel** 

**Report and Consolidated Financial Statements For the Year Ended 31 December 2020** 

**England and Wales Charity Number: 1132366 Scotland Charity Number: SCO45970 Company Registration Number: 06974733** 



**CoppaFeel Contents** 

## **Contents** 

Trustees’ annual report ..................................................................................................................................................... 3 Independent auditor’s report to the Trustees ................................................................................................................... 17 Consolidated Statement of Financial Activities for the year ended 31 December 2020 .................................................. 20 Consolidated and Parent Balance Sheet as at 31 December 2020 ................................................................................ 21 Consolidated Statement of Cashflow for the year ended 31 December 2020 …………………………………………….......22 Notes forming part of the Consolidated Financial Statements for the Year ended 31 December 2020 ........................... 23 

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## **CoppaFeel Trustees’ Annual report** 

The trustees present their report and the audited financial statements for the year ended 31st December 2020. Reference and administrative information set out on page 15 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.  This trustees’ annual report includes a directors’ report as required by company law. 

## **Why we exist** 

1 in 7 women will be affected by breast cancer in their lifetime. Around 400 men are diagnosed every year. Around 2,300 women are diagnosed aged 39 or under. 

In females aged 25-49, breast cancer is the most common cancer, accounting for more than 4 in 10 (44%) of all cases in 2014-2016. 

## **VISION** 

Our vision is to live in a world where breast cancers are diagnosed at the earliest stage possible, at which treatments are more effective and survival rates are higher. 

## **Our Founders Story:** 

CoppaFeel! was founded in April 2009 by Kristin Hallenga who was diagnosed with advanced breast cancer at the age of 23. Eight months prior to her diagnosis Kris sought advice from her GP, who dismissed her lumpy painful boob as something ‘hormonal’. When Kris was finally diagnosed in February 2009 the cancer was found to have already spread to her spine. Whilst undergoing all manner of treatments, Kris set about making it her life’s mission to educate people on the importance of checking their boobs regularly, with specific focus on younger people - an age group that is often overlooked when educating on this subject. CoppaFeel! was formed to educate and remind every young person in the UK that checking their boobs isn’t only fun, it could save their life. 

CoppaFeel! is about more than discovering a cancer diagnosis. It’s about empowering ourselves to be proactive about our own health and body, as well as our outlook on life. It’s about knowing your boobs; knowing that if you do find something, you know what to do and if found early, you have many options. 

At CoppaFeel! we want everyone to have the best possible chance of having a healthy life. We do this by working to ensure that to ensure that all breast cancers are diagnosed early and correctly. We do this by encouraging young people to: 

- Check their boobs regularly 

- Know the signs and symptoms 

- Feel confident noticing and acting upon any changes 

## **Letter from the chair:** 

Coronavirus Diversity & Inclusion Governance - going concern Shivani recruitment 

## **Foreword from Nat** 

Writing this report, as we hopefully begin to emerge from a rapidly evolving, global pandemic is a challenge. We know that we will be feeling the impact of the pandemic for many months to come, but whilst some of our plans have been put temporarily on hold, we know that we have an important role in encouraging those with a change in their chest, who may otherwise have felt deterred, to see their GP.  Research shows that during the pandemic many people have ignored symptoms due to fear of contracting the virus, leaving quarantine or placing additional burden on the NHS so our message of empowerment and being an advocate for your own health is so, so important to prevent unnecessary late diagnosis. We know cancer doesn't stop for Coronavirus and we have received lots of messages from people who've been encouraged to speak to their GP during the pandemic thanks to our messaging. 

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## **CoppaFeel Trustees’ Annual report** 

This has not been a normal financial year. When COVID-19 arrived, we’d been coming to the end of a successful year and were about to embark upon an ambitious 3-year strategy of growth. We had undertaken some fantastic behavioural change research and from this had identified where CoppaFeel! can play a meaningful role, by educating and empowering 18 -24 years in checking regularly. We all know what happened next. A society in lockdown, with hundreds losing their lives to the virus every day, and thousands more seeing their lives turned upside down. Widespread economic and social disruption. And for the people that matter most to us – people affected by breast cancer – untold anxiety as we were told to stay at home. Most worryingly, thousands with potential symptoms stayed away from GP surgeries, understandably worried about the risks, or of taking up scarce NHS resources. The virus has severely affected CoppaFeel! too with many of our face-to-face awareness raising activities and education services postponed 

Like so many organisations, CoppaFeel! will be seriously affected. But, amid all of this, we must not forget one very important message. Even though this virus has slowed us down, our work must continue. That I am so confident it will be thanks to the extraordinary people who support CoppaFeel! in our mission. I want to say an enormous thank you to everyone who works with us, including during these challenging recent months: staff; supporters; volunteers; partners and fundraisers. It is you who make CoppaFeel! the charity it is, 

## **The Impact of the Covid 19 outbreak** 

## **On our beneficiaries:** 

During 2020, our beneficiaries also faced many challenges because of the virus. Changes to NHS services, exacerbated barriers to presenting to the GP for many young people.  A fifth of young women would be scared to visit their GP with a concern due to the fear of catching coronavirus.  In light of the pandemic 90% of our programmes and projects were affected with 10% paused, 40% cancelled entirely, and another 40% adapted to run virtually which meant that we were unable to reach and educate as many young people. 

## **On our services:** 

With social distancing measures in place we had to migrate our services to digital platforms where possible. Fortunately we already had a number of digitized and so could pivot quickly using social media platforms to continue to raise awareness and provide support and zoom to facilitate Boobette sessions and engage with volunteers. 

## **On our income:** 

Our income and activities were heavily impacted by the pandemic. We were forced to operate under spending restrictions due to loss of income which reduced by 17% (2019 Total Income = £1,987,618). We suspended physical outreach and events in line with Government restrictions and some of our team were placed upon furlough throughout the summer period. 

## **On Boob HQ:** 

As an organisation we started to work from home from March 2020. We postponed our planned office move until we have more financial stability, and moved the fulfillment of our awareness materials to a fulfillment house, enabling us to still send out key materials during this time. 

## **Future Impact:** 

With on-going uncertainty regarding national lockdowns and future economic recovery, we will continue to take a prudent approach to future investments while seeking to develop our digital resources to maximise our capacity the number of people we can reach even if the opportunities to meet face-to-face remain restricted. 

## **Working with the NHS** 

## **75% drop in urgent referrals for suspected cancer in some areas while the pandemic was at its peak** 

We are working with the NHS and other Cancer Charities to make sure cancer services stay on track, despite the effects of COVID-19 and to come up with accurate and up to date information on Covid-19 to support ensure that early diagnosis continues to be a priority, even during the pandemic, continue to raise awareness of the fact that Cancer does not stop for Covid . In 2019, the UK Government published its Long-Term Plan for the NHS in England and it included an ambitious target to have three out of every four cases of cancer diagnosed at an early stage. The importance of early diagnosis was also reflected in the Scottish and Welsh cancer strategies, The pandemic has had an impact this ambition, and during its peak there was a 75% drop in urgent referrals for suspected cancer., Despite national guidelines stating that all urgent and essential cancer treatments must continue, unfortunately this was not always the case. 

## **Equality, Diversity and Inclusion** 

In June 2020, following the unlawful killing of George Floyd and in support of the global Black Lives Matter protests calling for urgent action to address racism and injustice in all areas of society, we reflected on our approach to EDI at CoppaFeel! Our message was always intended for everyone, but we had operated on the understanding that “everyone” implicitly includes Black people and sadly, and far too often, it did not. 

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## **CoppaFeel Trustees’ Annual report** 

In 2019 we established an EDI taskforce and conducted our first EDI audit, implementing learnings to improve data monitoring, accessibility and HR practices but we knew that we could take more proactive steps to instil inclusivity across everything that we do and better represent, amplify and support the voices of all of our beneficiaries. 

We established an Inclusive Change Advisory group to better represent the voices of communities not represented within our team and volunteer base. We also sought expert support, working with Inclusive Consultancy on unconscious bias training and recruiting a new Trustee, Shivani, with experience in EDI work, to ensure that we consider the needs of all beneficiaries across the entirety of the organisation. 

## **Our achievements and performance** 

ENCOURAGE: We encourage young people to start checking their boobs/pecs regularly and continue to remind them. 

- Over 1,016,516 individual reminders were sent out by our free SMS reminder service in 2020, with us welcoming an extra 19,000 subscribers. 

- We still managed to hijack over 60,000 showers with our information, in student halls and homes across the UK. 

- Our Uni Boob Team ambassadors adapted to running events online, hosting 69 in the new academic term, reaching an estimated 3,700 students with our boob/pec checking message. 

EDUCATE: We educate young people on all things boob/pec checking and the signs and symptoms of breast cancer. 

- We had over 1,000 downloads of our digital school pack and poster resources, an increase of 67% (in 2019, 603 school packs were downloaded). 

- We sent out 157,879 of our pocket-sized checking cards to educate and remind people across the country. 

- Our Boobette programme ran virtually, welcoming 40 new volunteers on board and delivering 204 sessions across the year. 

- Over 17,000 people used our Boob Bot chat function in 2020, with 22% of people who used the tool opting to subscribe for a boob check reminder from us. 

EMPOWER: We empower young people to get to know their bodies and contact their GP if they spot something unusual for them. 

- We worked with our Medical Advisory Group and key influencers to produce important content to respond to concerns of our audience about contacting their GP during the pandemic. 

- In March we celebrated the 1-year anniversary of working with Superdrug nurses to educate customers in their health clinics reaching a rolling total of 100,000 people. 

- We saw that 99% of users who completed the Boob Bot Chat felt more confident about checking themselves after using the tool. 

2020 was due to be the first in our recently developed five-year strategy, focussing specifically on beneficiaries aged 18 - 24, leveraging our brand, tone of voice and existing services and platforms to raise awareness and educate young people to check their boobs. Our plan was to leverage  Boobette activity and our PSHE accredited schools’ packs to support teachers in providing cancer education and to increase motivated checking, creating a digital tool that would educate and empower users to check their boobs regularly and feel confident acting upon any changes. Unfortunately the Covid-19 outbreak meant that a number of these plans had to be put on hold, however we were still able to capitalise upon our digital footprint to continue to raise awareness and educate 18 - 24-year-olds, and despite the cancellation of many of our face-to-face programmes we were pleased to see that monthly checking had increased year on year from 29% to 36%, largely driven by 18 - 24-year-olds and confidence noticing a change up from 55% to 60%. 

## **ENCOURAGE 2020 what we delivered:** 

Raising awareness and educating young people to get to know their bodies is the first step in creating a regular checking behaviour. Our ambition in 2020 was to continue to increase awareness of our message, of CoppaFeel! and to build salience. Coronavirus created a number of barriers to delivering our “encourage” strategy. Our annual awareness campaign was postponed, engaging PR was challenging given the news environment and building relationships with brands for bra hijack and celebrities to spread the word was limited. 

Despite this awareness of CoppaFeel! remained stable at 29% and this was largely driven by our work on social media, online more generally and through existing relationships with people who have large social media followings all continuing to promote our message. In line with our EDI objectives we also partnered with other organisations such as Black Women Rising and Live Through This to broaden the reach and accessibility of our message. 

Despite huge restrictions on our awareness raising activities we were still able to increase the number of text reminders sent out by 19,000 in 2020 and including checking guidance in 60,000 showers. 

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**CoppaFeel Trustees’ Annual report** 

## **Cara’s story** 

Cara was diagnosed in March 2020, at the age of 28 

“I check really regularly because I am signed up to the CoppaFeel! Text reminder service. Although it was in between checks that I found my lump by chance, if I didn’t usually check, I wouldn’t know what was normal and that something was wrong. When I had my appointment the GP referred me to St Bartholomew’s Hospital where I was seen. The doctors had said it looked suspicious so I was prepared for the worst 

I was obviously overwhelmed when I got the diagnosis, I felt sad and scared.” 

## **ENCOURAGE aims for 2021:** 

We will continue to raise awareness of breast cancer and the importance of getting to know your boobs, and efficacy of our message by creating meaningful reach and normalising checking amongst 18 - 24 year old’s: 

## Social Media: 

Increase reach of platforms, especially amongst 18 - 24 year old’s. Explore new platforms, partnerships and collaborations to demonstrate the relevance of our message amongst different communities. Continue to have a range of beneficiary experiences. 

## Patrons & DBT 

Expand the network of celebrities and ambassadors that we work with to represent a range of lived experience 

## Partnerships 

Collaborate with partners who have shared values to increase the reach of our message amongst new audiences 

## Annual Campaign: 

Reach more 18 - 24 year old’s via the campaign and increase perception of breast cancer relevance amongst 18 - 24 year olds by putting our vision and values front and centre 

## PR: 

Increase the reach of our message across broadcast media, specifically amongst 18 - 24 year olds by showcasing diverse experiences of checking and breast cancer. 

## **EDUCATE 2020 what we delivered** 

A barrier to checking is not understanding the signs and symptoms of breast cancer  or having an understanding of how to check. Knowing both is a key milestone in the pathway to motivated checking, however of all of the activities at CoppaFeel! it was our education services, which are delivered primarily face to face, which were the must disrupted by Covid-19. Our work engaging with GPs and healthcare professionals was put on hold, opportunities to engage with people in schools, at universities and in workplaces was suspended as people were encouraged to stay at home and events were cancelled. 

Despite the pandemic we were able to keep our Boobette and UBT volunteers engaged, where possible migrating activity to digital platforms to raise awareness. Through our Boobette programme we delivered over 200 online talks, reaching 13,000 people (versus 50,000 in 2019) and our Uni Boob Teams raised awareness across social media platforms and fundraising more than £42,000 to support CoppaFeel! Our digital schools pack and posters were downloaded more than 1,000 times and we worked with our Medical Advisory Group to create social media content to provide support and guidance to our beneficiaries during the pandemic and remind them to speak to their GP if they find anything that isn’t normal for them. This content was viewed more than 4.5k times. 

Our Facebook messenger BoobBot chat function was a valuable resource in 2020 which was used by more than 17,000 people to talk through how to check and encourage sign up to our text reminder service. Despite the huge limitations upon our education services we were still able to send more than 1million text reminder checking messages (a 15% reduction versus 2019). 

Whilst our face-to-face services were on hold, we seized the opportunity to conduct a review of our health materials to update our guidance and improve accessibility, representation and inclusion of our health communications. We managed to secure funding to undertake this project, and worked with a consultant to identify and update gaps in our existing information and establish how we can better reach new audiences with our materials. The learnings generated from this project will be implemented across CoppaFeel! touchpoints in 2021. 

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**CoppaFeel Trustees’ Annual report** 

## **EDUCATE  aims for 2021** 

Our education strategy will aim to educate all 18-24 year old’s, in a manner that builds confidence and supports motivated checking. Our focus this year will be to broaden the reach of our education services and accessibility of our health communications 

## UBT: 

After a year of restricted activity and social distancing set to continue we will continue to leverage digital activities with our UBT. Our ambition is to evolve the programme to build upon digital engagement and also to broaden the appeal of the UBT amongst students from different backgrounds. 

## The Boobettes: 

Given the face to face nature of our Boobette programme, activity is likely to be limited in 2021. We will continue to offer digital talks where possible and grow the programme by recruiting more Boobettes and sharing more experiences of checking and breast cancer to improve inclusion of our message and showcase a variety of experiences. The Boobette presentation will also be updated to reflect learnings from our health information review 

## In Schools: 

Promote our school pack resources to allow us to deliver more sessions in schools and implement solutions to better monitor the impact of the schools packs for students 

## Healthcare Professional Engagement: 

We know that Healthcare Professionals have limited time due to the repercussions of the pandemic. We will look to build reach and engagement by improving the accessibility of our message, providing bespoke webinars 

## Health information Review: 

We will implement the learnings of our health information review, update our health communications whilst also improving accessibility and representation. 

## Partnerships 

We will collaborate with organisations such as Brook and Bloody Good Period to extend the reach of our message. We will also introduce outreach to under represented groups with specific needs, again to remove barriers to accessing our services. 

## **EMPOWER 2020 what we delivered** 

One of our main strategic objectives for 2020 was to build upon the success that we had seen with Boob bot to deliver a digital resource that would drive regular checking and confidence noticing a change. This project was put on hold for much of 2020 due to our close management of cashflow and careful monitoring of expenditure however we were fortunate to secure funding from the National Lottery Community Fund and so we were in a position to begin work on developing the tool which will go live in 2021. 

## **EMPOWER 2021 objectives** 

Creating motivated checking will allow us to educate and empower beneficiaries to be armed with the information on how to check and the confidence to act upon any changes, which is so important in potentially being diagnosed early. 

## Self-Check Out 

In 2021 we will launch a new digital platform that will serve as a tool to educate and encourage regular checking. In year 1 our objective will be to demonstrate that the tool has a positive impact and education on signs and symptoms and confidence checking. 

## **Our future plans** 

Whilst we are eager to pick up where we left off and implement our 5 year strategy we know that we will be feeling the impact of the pandemic for many months to come, and that there are changes to our ways of working and learnings from the past 12 months which we will want to adopt in the future. Our focus will need to be ensuring that our beneficiaries continue to secure an early diagnosis, by removing some of the barriers to visiting their GP that resulted from Covid-19 and stay at home guidance. After an unpredictable financial year stability will be key, and we will need to be confident in our own financial stability and the pandemic recovery before we start investing in longer term programmes and initiatives. As we begin to implement our 5 year strategy we have three strategic pillar in place which will shape our focus 

## 1. Accessibility 

Our strategic focus will remain 18 - 24 year olds, however in light of our EDI strategy and because our message is intended for everyone we will take conscious steps to ensure that we are reaching young people from diverse backgrounds and 

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## **CoppaFeel Trustees’ Annual report** 

lived experiences. This will mean  improving the accessibility of our materials, both in terms of our health information and also in broadening the touchpoints where our information is available, to reach more young people. In order to better represent the needs of our beneficiaries we will work with our Board, ICAG and Consultants to improve inclusion at CoppaFeel! within the team, across our volunteer programmes and ambassadors. 

## 2. Sustainability 

Diversification of our fundraising portfolio will be integral to our strategy to mitigate any risks. We will also explore new sustainable income streams that will allow us to support programmes and service delivery long term. We will ensure that we deliver our projected income through a relationship approach to fundraising: engaging, cultivating and retaining longterm supporters, improving the experience of all supporters and innovating in our approach to fundraising. 

## 3. Impact 

Our time working from home has also encouraged us to adopt more streamlined and efficient ways of working. We will continue to invest in resources, facilities and processes that will facilitate the sustainable growth of our charity. As our ambitions grow, so must our team in order to ensure we can make the most of opportunities and create the desired change for our beneficiaries. Teams need to develop in a sustainable way to ensure roles are clear and time is spent efficiently on meeting our strategic goals. 

In our year working from home we have been fortunate to digitise processes and outsource fulfillment, tasks formerly undertaken by the team. We will continue to work in this way to maximise the efficiency of our organisation and to fuel our growth, which means that we can continue to fulfill requests for educational materials at a far greater scale and more sustainably than we can internally. 

One of our objectives in 2020 was to improve impact measurement and reporting. Unfortunately due to the pandemic and suspension of programmes and services, investment in impact measurement was postponed. We want to revisit this in 2021 to improve accountability and better track the impact of our activity. 

## **Public benefit** 

In reviewing our aims and objectives and planning our future activities, we have referred to and complied with the duty in section 17 of the Charities Act 2011. This relates to having due regard to the Charity Commission’s published general guidance on public benefit. 

In particular, the Trustees consider how planned activities will impact our beneficiaries. 

## **Our approach to Reporting Concerns** 

At CoppaFeel! we want to create a culture of openness and trust so that we can create a safe environment for everyone. Whilst we do not work with vulnerable people (as defined by law), or have programmes where our volunteers are carrying out vulnerable activities, we have taken steps regarding reporting concerns to enable us to make safe decisions about everything that we do. Safeguarding is everyone’s responsibility and below are some of the steps that have been implemented to enable us to learning which will help us to manage risks and to create a safe place for everyone: 

- Appointed a Deputy Safeguarding Lead and Safeguarding Lead on the Board 

- We had 4 safeguarding cases in 2020. 

Each cases was assessed and we took any necessary actions identified including onward referrial to external agencies and / or amending our policies as appropriate. Feedback was provided to the individuals before the cases were closed; all have been subsequently reviewed by the Board 

## **Training:** 

- All volunteer managers completed up to date safeguarding training for their roles. 

- Child and adult safeguarding training completed for Deputy Safeguarding Lead. 

- Refresher adult safeguarding training completed for Safeguarding Lead. 

## **Policy updates in 2020:** 

- Reviewed and updated Reporting Concerns policy 

- Introduced a Recommendations and Partnerships Policy. 

- Introduced a Celebrity Safeguarding policy. 

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## **CoppaFeel Trustees’ Annual report** 

## **Risks and Uncertainties** 

Delivering on our promise to ensure that all breast cancers are diagnosed at the earliest stage possible, increasing our reach and optimising our impact means balancing risks and opportunities. Our Board of Trustees and Senior Management Team together identify and review how we are managing risk as we pursue our strategic objectives, looking at our impact, our financial sustainability and our governance and compliance and determine our appetite for risk. The Board regularly reviews a register of strategic risk and has identified the following areas that the biggest risks that we are managing in 2020: 

## Failure to meet income targets 

We have an income generation strategy based upon a relationship fundraising approach, engaging and retaining longterm supporters so that our income streams are sustainable. We also only make expenditure commitments when we have sustainable sources of income, keeping our free reserves at the right level so we can withstand short-term income fluctuations and respond to opportunities. 

During such an unpredictable year many of our usual income streams were impacted. Events were cancelled, businesses were impacted and many people were affected by lockdown measures. We will continue to see the knock on effects of the pandemic for many months to come, maintaining a cautiously optimistic approach. 

**To manage this risk in 2021:** We will seek to further diversify our income streams while maintaining a prudent approach to levels of expenditure and ensuring that we maintain the level of our Operational Reserves 

## Longer term impact of suspended CoppaFeel! Programmes and services 

Our main concern during the pandemic was continuing to reach young people with our message and encourage those who may have noticed a change in their chest to speak to their GP. We know that the number of people that had access to CoppaFeel! and our services in 2020 was hugely limited, and at the peak of the pandemic 90% of our programmes were impacted. We worry about the impact that this may have on early diagnosis. 

**To manage this risk in 2021:** we will develop a digital tool to reach the maximum number of people online in order to minimise the impact of face-to-face contacts being curtailed' 

## Closure of other breast cancer charities 

The charity sector has been heavily impacted by the pandemic. Many organisations have faced redundancies and we worry about the impact on our beneficiaries if charities doing important work to provide breast cancer support, close. 

**To manage this risk in 2021:** We will continue to provide information, encouragement and support to as many people as possible to try and offset this impact 

## **Our approach to fundraising** 

Our strategic goal is to ensure that every young person has access to our potentially lifesaving information and achieving this vision is not possible if our income does not grow. Whilst we have a culture of maximising each and every penny and being dynamic to new opportunities, we are prioritising a longer term, more sustainable fundraising, which maximises return over the longer term and allows us to cultivate more collaborative relationships. 

All of our fundraising is managed by our own staff and we do not employ any professional fundraising organisations to carry out our activities. In 2020 we received no complaints about fundraising. CoppaFeel! is a member of the Fundraising Regulator which holds the Code of Fundraising Practice for the UK. We ensure our approach is to comply with the standards as set out in the Code across all of our fundraising activity. 

The key pillars of our fundraising strategy in 2020 were: 

- Put relationship fundraising at the heart of our approach and work with partners and donors to achieve mutual objectives 

- Grow our donor base to increase the number of CoppaFeel! supporters and partners 

- Give our donors the opportunity to support us again, through more fundraising initiatives, events and campaigns 

- Diversify our fundraising portfolio and income streams 

- Develop our university fundraising campaigns to offer opportunities for students to support CoppaFeel! on campus 

- - A strategically aligned approach for all our corporate partnerships 

Giving to CoppaFeel! should be a great experience. As described above, our Fundraising strategy is entirely compliant with the Fundraising Regulator and sets the standards for how we work, and the service our donors and fundraisers can expect from our dedicated team. If our donors ever feel we’re falling short of these standards, we make it easy for people to contact us and we always take care to put it right. 

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## **CoppaFeel Trustees’ Annual report** 

We also ensure our Privacy Policy is updated in line with the GDPR requirements and our Reporting Concerns Policy ensures that staff continue to be aware of the risks associated with Vulnerable People and the need to raise concerns wherever and whenever appropriate. 

In 2020 we were grateful for the support of our individual donors, specifically those who took on an activity or event in support of CoppaFeel!  After the introduction of social distancing measures in March we quickly pivoted our face-to-face fundraising to digital, through our Sofa Series and Bounceback events. These events saw many of our celebrity patrons take centre stage online to deliver comedy, quizzes and innovative challenges. We are grateful to everyone who bought tickets and attended events, or took on their own Bounceback challenge to raise money for CoppaFeel! 

We worked closely with some fantastic corporate partners including Avon, Asda Tickled Pink, Missoma, Scribbler, Lounge Underwear, Mindful Chef, Accessorize, Pretty Little Thing and Missguided. Through the incredible support and generosity of our donors, CoppaFeel! got through a challenging fundraising period. We were grateful to receive financial support from The National Lottery Community Fund who donated restricted funding for our new Digital Tool. 

In 2020 we raised £1,647,206 of income despite many mass participation events being cancelled during the year; while this level is £343,514 (21%) lower than 2019,  78% of this reduction relates to Gifts in Kind (these were associated with specific events that were not held in 2020 due to Covid-19 related restrictions). 

## **Financial Review and Results for 2020** 

How we raise our money 

||**£**||
|---|---|---|
|||5.2%|
|Donations|86,207||
|||39.3%|
|Charitable Activities|646,796||
|||40.8%|
|Fundraising|671,385||
|||14.7%|
|Subsidiary & Investments|242,818||
|**Total Income 2020**|**1,647,206**||



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## **CoppaFeel Trustees’ Annual report** 

How we spend our money 

||**£**||
|---|---|---|
|||31.0%|
|Raising funds|321,083||
|||40.7%|
|Charitable activities|421,824||
|||7.7%|
|Governance costs|79,685||
|||20.5%|
|Support costs|212,675||
|**Total Expenditure 2020**|**1,035,267**||



The pandemic had a significant impact on our income generation strategy, our initial forecasts were based upon a 51% reduction in income however due to a positive Q4, we ended the year in a slightly better position with fundraising sitting at 95% of our initial budget. 

Whilst our 2020 trek had to be pushed back to 2021, our fundraisers did an incredible job of raising funds generating more than £202k. Our incredible corporate partners were responsible for a huge proportion of our fundraising income in 2020 and we were fortunate to receive amazing support from our friends at Avon, Tickled Pink, Missoma, Scribbler, Lounge Underwear, Mindful Chef, Accessorize, Pretty Little Thing and Missguided. 

We received £80,000 new restricted income in 2020 , £5,000 from Pink Ribbon to fund our Health Information review, £70,000 from the National Lottery Community Fund for the development of the digital checking tool and £5,000 from BMA for targeted Healthcare Engagement. 

2020 includes a £0 value of Gifts in Kind in our accounts largely due to the absence of our annual awareness campaign which is ordinarily funded by generous pro bono support in terms of media support. 

Fundraising costs are proportionally higher this year, this is in large part due to a strict freeze on discretionary expenditure which come at the cost of investment in education programmes such as the Boobettes, UBT and HCP work, the annual awareness campaign, moving office, and other expenditure that we have either postponed or cancelled for this year. 

Whilst the 2020 trek was  postponed, we still had to cover the cost of the places, an investment that we made due to the income opportunity that the trek provides. 

Expenditure on support costs and governance has increased in 2020 due to a larger staff compliment. 

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**CoppaFeel Trustees’ Annual report** 

We have ended the year with reserves of £1,602,952 (restricted funds equalling £111,426). This will allow us to invest in the charity’s infrastructure in 2021, in particular an office move to provide more appropriate and accessible facilities for the charity and visitors. We have allocated £100,000 to cover these costs. We also plan to recruit some key positions for the organisation and the final year position has given us the confidence to be able to grow in this fashion. 

## **RESERVES POLICY AND GOING CONCERN** 

Free reserves comprise of the total reserves available to the charity minus any funds which have been restricted or designated for a specific purpose. 

In assessing the overall level of reserves, the trustees aim at all times to maintain sufficient free reserves to cover at least 6 months running costs of the charity to ensure that CoppaFeel! remains solvent going forward, and this amounts to £542,219 based on 2020 output and 2020 Payroll liabilities (excluding the value of gifts in kind) . 

At the trustee meeting in December 2020 it was decided to designate £100k of the unrestricted reserves to fund an office move to more suitable premises and  go towards the increase in rent and associated costs with moving and fit out of a new space. 

The charity currently holds total reserves of £1,391,526 including restricted reserves of £111,426 and £100,000 in designated funds. 

To ensure on-going financial sustainability, we continue to seek new sources of funding in order to maximise our income and expenditure on our Education and Awareness programmes. In addition to the above levels of reserves, we have set a surplus budget for 2021 and initial modelling for 2022 also includes a forecast surplus despite seeking to increase expenditure by 76% to more than £1.8million. 

It is the duty of the trustees to monitor reserves and they regularly review the reserves required to meet known and estimated expenditure in furtherance of our objectives and for its administration. We will develop plans in 2021 to utilise these reserves in a targeted manner to deliver additional programmes and projects to increase awareness and maximise the numbers of people being reached while still seeking to protect our financial sustainability. 

## **RESTRICTED FUNDS** 

Restricted funds are received under Trust and can only be applied to defined activities. Restrictions can either arise because of a condition set by a donor/funder on how income may be applied or because an appeal raises funds for a defined area of concern/activity. Restricted funds carried forward at 31 December 2020 were £111,426, and these funds relate to our Primary Care project work, Health Information Review and Digital Tool development. 

## **INVESTMENT POLICY** 

We hold a portion of our reserves as investments in order to protect against their erosion through inflation in the medium to long term. Our objective is to balance income and capital return to enable us to provide services for our beneficiaries in the present and in the future, against an acceptable level of risk. We are currently holding a position that is low in risk but still allows us to achieve our investment targets, reflecting the ongoing economic uncertainty. Investments are sufficiently liquid that they can be redeemed in a short period of time if required. We have an ethical policy. Fixed asset investments totalled £119,438 an increase of £8,056 (7.2%) during the year. We regularly review the performance of our investment managers to ensure they are in line with agreed benchmarks and that our approach is in line with our broader strategy and plans. Our long-term objective is to exceed inflation with our investments however we are mindful that it has been a turbulent time for investments. 

## **COPPAFEEL! TRADING LTD** 

CoppaFeel! Trading Limited is the wholly owned subsidiary of CoppaFeel! Registered company number (10707836). The subsidiary was incorporated on the 4 April 2017. 

In 2020 it achieved income of £240,393 and net profit of £231,398 All profits generated by CoppaFeel! Trading Limited are donated to CoppaFeel! 

## **REMUNERATION POLICY** 

The pay of the senior staff is reviewed annually. CoppaFeel! pays staff a fair salary that is competitive with the charity sector, proportionate to the complexity of each role, and in line with our charitable objectives. All staff pay is reviewed and decided upon by the board of trustees on an annual basis. 

Prepared by ExcluServ Ltd 

12 



**CoppaFeel Trustees’ Annual report** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

CoppaFeel! is a company limited by guarantee and a charity registered in England and Wales as well as Scotland. The company was incorporated on the 28th of July 2009. The company was registered as a charity on the 28th October 2009. The charity is controlled by its governing document its Articles of Association which were amended by special resolution registered at Companies House on the 4th August 2015. 

## **Organisational Structure** 

## Our Board 

We will have no less than three trustees and no more than five without formal review and agreement by the Board. The trustees are also company directors. The Chair will be one of these and will be appointed by joint agreement of the Board. 

The role: 

- Set and maintain vision 

- Help develop and agree our strategy 

- Ensure accountability 

- Ensure compliance with the law 

- Maintain proper fiscal oversight 

- Promote the organisation at every opportunity 

- Support the CEO 

- Act in the best interests of our beneficiaries 

- Make sure money is spent on purpose intended 

The trustees have legal responsibility for the strategic direction and effective governance of the charity. The trustees who served during the period are listed in the ‘Reference and Administrative’ section. 

On average, the board meets four times per year. Informal meetings will be held as regularly as required and may happen virtually. 

The trustees are responsible for preparing the Trustees annual report and the financial statements in accordance with applicable law and regulations. 

Board members are not paid but can claim expenses. 

## Role of the Board in relation to the CEO 

The CEO is present at all meetings. The CEO and the Chair present charity developments and strategy plans for discussion with the Board. The Board is the ultimate decision maker. 

## Recruiting and training trustees 

Each year the CoppaFeel! Board undertakes a skills audit to ensure an appropriate balance of skills, experience, backgrounds and knowledge to make informed decisions. 

We have a clear recruitment process in place for Board appointment and we actively promote Board vacancies across a variety of paid and free platforms to ensure that we encourage applications from a diverse range of candidates. Trustees will have interviews with a member of the Board and SMT, and all potential candidates will meet with the Chair and/ or CEO before appointment. 

Trustees shall serve for a term of four years starting from the date that they were first appointed. 

Trustees shall be eligible for re-appointment for further terms provided that no Trustee may serve more than three terms (twelve years in total). Trustee training opportunities are offered to the board and trustees are provided with an induction to the activities of CoppaFeel! based on their individual needs. 

## Dr Shivani Sharma 

Shivani was appointed to the CoppaFeel! Board in December 2020. Shivani likes challenging people to think outside of the box, especially when it comes to issues related to equality, diversity and inclusivity (EDI). This speaks to her background in health inequalities research and leadership of EDI within higher education. That’s exactly what we need as we work towards our goal of getting boob health messages to all young people. 

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**CoppaFeel Trustees’ Annual report** 

## Volunteers 

Our volunteers are at the heart of everything we do and it has been another year of relying heavily on them. Their commitment to our cause allows us to extend our reach in the most effective way and we are incredibly grateful to them for their support and strength. 

## Management 

Responsibility for day-to-day management matters and the implementation of policy is delegated to the Chief Executive. 

## **Equal Opportunities Policy** 

CoppaFeel! is an inclusive organisation where everyone is treated with respect and dignity. We are committed to eliminating all forms of unlawful discrimination and to the equal treatment of all employees and job applicants; and requires all employees to abide by this principle. 

All job vacancies will be advertised fairly and all applicants will be monitored/assessed according to the policy. 

## **REFERENCE AND ADMINISTRATIVE** 

## **Statement of public benefit** 

Under the Charities Act 2011, charities are required to demonstrate that their aims are for the public benefit. The two key principles which must be met in this context are, first, that there must be an identifiable benefit or benefits; and, secondly, that the benefit must be to the public, or a section of the public. Charity trustees must ensure that they carry out their charity’s aims for the public benefit, must have regard to the Charity Commission’s guidance, and must report on public benefit in their Annual Report. 

CoppaFeel!’s Board of Trustees regularly monitors and reviews the success of the organisation in meeting its key objective of educating young people about the importance of checking their breasts. The trustees confirm, in the light of the guidance, that these aims fully meet the public benefit test and that all the activities of the charity, described in the Trustees’ annual report, are undertaken in pursuit of these aims. 

## **Statement of responsibilities of the trustees** 

The trustees (who are also directors of CoppaFeel! for the purposes of company law) are responsible for preparing the Trustees’ annual 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 year which give a true and fair view of the state of affairs of the charitable company and group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company or group 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 in the Charities SORP 

- Make judgments and estimates that are reasonable and prudent 

- State whether applicable UK Accounting Standards and statements of recommended practice 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 charity will continue in operation 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: 

- There is no relevant audit information of which the charitable company’s auditors are unaware 

- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information 

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

These accounts have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime. 

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**CoppaFeel Trustees’ Annual report** 

## **Registered England & Wales charity number:** 

1132366 

**Scotland:** SC045970 

## **Registered Office** 

First Floor, 1-4 Pope Street, London, SE1 3PR 

**Chief Executive Officer:** Natalie Kelly 

## **Board of Trustees:** 

Mr Jamie Clews - Chair Mr Simon Finnis (stepped down June 2020) Mrs Alice May Purkiss Mr Michael Atti Ms Claire McDonald Mrs Sarah Pugh 

Dr Shivani Sharma (as of December 2020) 

## **Auditors:** 

Sayer Vincent LLP Invicta House 108-114 Golden Lane London EC1Y 0TL 

## **Bank** 

NatWest Daventry Branch 44 High Street Daventry Northants NN11 4HU 

## **Investment Manager** 

Rathbone Brothers Plc 8 Finsbury Circus, London EC2M 7AZ www.rathbones.com 

## **DECLARATION** 

The trustees declare that they have approved the trustees’ report. 

Signed on behalf of the charity’s trustees on 

_______________ 

**Jamie Clews** 

**Chairman** 

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**CoppaFeel Trustees’ Annual report** 

## **GET IN TOUCH** 

CoppaFeel! 

1[st] Floor, 1-4 Pope Street, London, SE1 3PR 

**Email:** team@coppafeel.org 

**Tel:** 0207 407 0398 

**Facebook:** coppafeel.org **Twitter:** @CoppaFeelPeople **Instagram:** @coppafeelpeople 

Prepared by ExcluServ Ltd 

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**CoppaFeel Independent Auditor’s Report to the Members of CoppaFeel** 

## Opinion 

We have audited the financial statements of Coppafeel (the ‘charitable company’) for the year ended 31 December 2020 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). 

## In our opinion, the financial statements: 

- Give a true and fair view of the state of the charitable company’s affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended 

- Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice 

- ● Have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended) 

## 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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 Coppafeel'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 other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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. 

Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: 

- The information given in the trustees’ annual report, for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- The trustees’ annual report, has been prepared in accordance with applicable legal requirements 

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**CoppaFeel Independent Auditor’s Report to the Members of CoppaFeel** 

Matters on which we are required to report by exception 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion: 

- Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- The financial statements are not in agreement with the accounting records and returns; or 

- Certain disclosures of trustees’ remuneration specified by law are not made; or 

- We have not received all the information and explanations we require for our audit; or 

- The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ annual report and from the requirement to prepare a strategic report. 

## Responsibilities of trustees 

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they 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 charitable company’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 charitable company or to cease operations, or have no realistic alternative but to do so. 

Auditor’s responsibilities for the audit of the financial statements 

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts. 

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 an auditor’s report 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 extent to which our procedures are capable of detecting irregularities, including fraud are set out below. 

## Capability of the audit in detecting irregularities 

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following: 

- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to: 

   - Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance; 

   - The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. 

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## **CoppaFeel Independent Auditor’s Report to the Members of CoppaFeel** 

- We inspected the minutes of meetings of those charged with governance. 

- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience. 

- We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. 

- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. 

- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. 

- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities _._ This description forms part of our auditor’s report. 

## Use of our report 

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

Noelia Serrano  (Senior statutory auditor) 

## Date 

for and on behalf of Sayer Vincent LLP, Statutory Auditor 

Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL 

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006 

Prepared by ExcluServ Ltd 

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## **CoppaFeel Consolidated Statement of Financial Activities (including consolidated income and expenditure) for the year ended 31 December 2020** 

|||**Unrestricted**|<br>**Restricted**|<br>**Total**|<br>**Total**|
|---|---|---|---|---|---|
|||**2020**|**2020**|**2020**|**2019**|
||**Notes**|**£**|<br>**£**|<br>**£**|<br>**£**|
|||||||
|**Income from:**||||||
|Donations and legacies|3|86,207|<br>-|<br>**86,207**|<br>397,906|
|Charitable activities|4|564,964|<br>81,832|<br>**646,796**|<br>561,790|
|Funds raised by charity|5|671,385|<br>-|<br>**671,385**|<br>981,961|
|Trading activities from subsidiary|14|240,393|<br>-|<br>**240,393**|<br>42,903|
|Investments|6|2,425|-|<br>**2,425**|3,058|
|**Total income**||1,565,374|<br>81,832|<br>**1,647,206**|<br>1,987,618|
|||||||
|**Expenditure on:**||||||
|Raising funds|7|477,461|<br>-|<br>**477,461**|<br>633,451|
|Charitable activities|7|511,742|<br>46,064|<br>**557,806**|<br>967,592|
|**Total expenditure**||989,203|<br>46,064|<br>**1,035,267**|<br>1,601,043|
|||||||
|**Net income / (expenditure) before net**<br>**gains / (losses) on investment**||576,171|<br>35,768|<br>**611,939**|<br>386,575|
|||||||
|**Net gains / (losses) on investments**|13|5,928|<br>-|<br>**5,928**|<br>12,083|
|||||||
|**Net Income / (Expenditure) for the year**|8|582,099|<br>35,768|<br>**617,867**|<br>398,658|
|||||||
|**Net movement in funds**||582,099|35,768|<br>**617,867**|<br>398,658|
|||||||
|**Reconciliation of funds**||||||
|Total funds brought forward||909,427|<br>75,658|<br>**985,085**|<br>586,427|
|||||||
|**Total funds carried forward**|20|1,491,526|111,426|**1,602,952**|<br>985,085|



**The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from continuing activities. Movement in funds are shown in note 20 to the financial statements.** 

Prepared by ExcluServ Ltd 

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**CoppaFeel Consolidated and Parent Balance Sheet as at 31 December 2020** 

|||**2020**|**2020**|**2019**|**2019**|
|---|---|---|---|---|---|
|||**Charity**|**Group**|**Charity**|<br>**Group**|
||**Notes**|**£**|**£**|**£**|<br>**£**|
|||||||
|**Fixed Assets**||||||
|Tangible assets|12|**14,750**|<br>**14,750**|<br>12,405|<br>12,405|
|Investments|13|**119,439**|<br>**119,439**|<br>111,382|<br>111,381|
|||**134,189**|<br>**134,189**|<br>123,787|<br>123,786|
|**Current Assets**||||||
|Debtors|16|**563,662**|<br>**678,137**|343,806|<br>325,317|
|Cash at bank and in hand||**938,785**|<br>**972,894**|<br>570,335|<br>597,050|
|||**1,502,447**|<br>**1,651,031**|<br>914,141|<br>922,367|
|||||||
|**Liabilities:**||||||
|Creditors: Amounts falling due within one<br>year|17|**33,684**|<br>**182,267**|52,843|<br>61,068|
|||||||
|**Net Current Assets**||**1,468,763**|<br>**1,468,764**|861,298|<br>861,299|
|||||||
|**Total Net Assets**||**1,602,952**|<br>**1,602,952 **|985,085|985,085|
|||||||
|**Funds:**||||||
|Restricted income funds|20|**111,426**|<br>**111,426**|<br>75,658|<br>75,658|
|Unrestricted income funds:||||||
|Designated funds|20|**100,000**|**100,000**|909,427|<br>909,427|
|General funds|20|**1,391,526**|**1,391,526**|909,427|<br>909,427|
|**Total funds**||**1,602,952**|<br>**1,602,952 **|985,085|985,085|



These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies’ subject to the small companies’ regime. They were approved, and authorised for issue, by the board of trustees on ____________________________ and signed on their behalf by: 

__________________________ 

Jamie Clews 

Chairman 

Company registration number:  06974733 

The notes on pages **23-34** form part of these financial statements. 

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## **CoppaFeel Consolidated Statement of Cash Flows for the year ended 31 December 2020** 

||**Note**|**2020**|**2019**|
|---|---|---|---|
|||**£**|**£**|
|||||
||**_Cash flows from operating activities:_**|||
||Net cash provided by operating activities<br>**21**|386,673|204,668|
|||||
||**_Cash flows from investing activities:_**|||
||Purchase of tangible fixed assets|(11,124)|(7,469)|
||Payments to acquire investments|(2,095)|(2,762)|
||Dividends and interest received|2,425|3,058|
||Cash movement within investment portfolio|(35)|16|
||**Net cash used in investing activities**|(10,829)|(7,157)|
|||||
||**Change in cash and cash equivalents**|375,844|197,511|
|||||
||Cash and cash equivalents at beginning of year|597,050|399,539|
|||||
||**Cash and cash equivalents at end of year**|972,894|597,050|



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# **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **1) Accounting Policies** 

## **a) Statutory information** 

CoppaFeel is a charitable company limited by guarantee and is incorporated in England and Wales. The registered office address and principal place of business is First Floor, 1-4 Pope Street, London, SE1 3PR 

## **b) Basis of preparation** 

The financial statements have been prepared in accordance with 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) (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. 

These financial statements consolidate the results of the charitable company and its wholly-owned subsidiary CoppaFeel Trading Ltd on a line by line basis. Transactions and balances between the charitable company and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two companies are disclosed in the notes of the charitable company's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charitable company itself is not presented because the charitable company has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006. 

## **c) Public benefit entity** 

The charitable company meets the definition of a public benefit entity under FRS 102. 

## **d) Going Concern** 

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. 

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. 

The COVID-19 viral pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the charity's operations, funding, suppliers and wider economy.  The Trustees' view on the impact of COVID-19 is that, given the measures that could be undertaken to mitigate the current adverse conditions and the current resources available, they can continue to adopt the going concern basis in preparing the financial statements. 

## **e) Income** 

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. 

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. 

## **f) Donations of gifts, services and facilities** 

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution. 

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## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. 

## **g) Interest receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. 

## **h) Fund accounting** 

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. 

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular purposes. 

## **i) Expenditure and irrecoverable VAT** 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: 

- Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. 

- Expenditure on charitable activities includes the costs of the awareness programmes undertaken to further the purposes of the charity and their associated support costs. 

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 

## **j) Allocation of support costs** 

Expenditure is allocated to the particular activity where the cost relates directly to that activity. 

- Costs of raising funds 53% 

- • Charitable activities 47% 

## **k) Operating leases** 

Rental charges are charged on a straight-line basis over the term of the lease. 

## **l) Employee benefits** 

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. 

## **m) Tangible fixed assets** 

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. 

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The useful life is as follows: 

- Events equipment 

- Events equipment 3 years 

- • Motor vehicles 3 years • Computer equipment 3 years • Office furniture 4 years 

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## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **n) Investments** 

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities and any excess of fair value over the historic cost of the investment will be shown as a fair value reserve in the balance sheet. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading "Net gains/(losses) on investments" in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments. 

## **o) Investments in subsidiaries** 

Investment in CoppaFeel Trading Ltd, a wholly owned subsidiary of CoppaFeel is stated at cost. 

## **p) Debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **q) Cash at bank and in hand** 

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **r) Creditors and provisions** 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

The charity 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. 

## **2) Detailed comparatives for the statement of financial activities** 

||**Unrestricted**<br>**Restricted**<br>**Total**|
|---|---|
||**2019**<br>**2019**<br>**2019**|
||**£**<br>**£**<br>**£**|
|**Income from:**||
|Donations and legacies|397,906<br>-<br>**397,906**|
|Charitable activities|556,790<br>5,000<br>**561,790**|
|Funds raised by charity|981,961<br>-<br>**981,961**|
|Trading activities from subsidiary|42,903<br>-<br>**42,903**|
|Investments|3,058<br> -<br>**3,058**|
|**Total income**|1,982,618<br>5,000<br>**1,987,618**|
|||
|**Expenditure on:**||
|Raising funds|633,451<br>-<br>**633,451**|
|Charitable activities|923,904<br>43,688<br>**967,592**|
|**Total expenditure**|1,557,355<br>43,688<br>**1,601,043**|
|||
|**Net income / (expenditure) before net gains on investment**|425,263<br>(38,688)<br>**386,575**|
|||
|**Net gains on investments**|12,083<br>-<br>**12,083**|
|||
|**Net Income / (Expenditure) for the year and net movement in**<br>**funds**|437,346<br>(38,688)<br>**398,658**|
|||
|**Reconciliation of funds**||
|Total funds brought forward|472,081<br>114,346<br>**586,427**|
|**Total funds carried forward**|909,427<br>75,658<br>**985,085**|



Prepared by ExcluServ Ltd 

25 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **3) Income from donations and legacies** 

|**3)Income from donations and legacies**||
|---|---|
||**2020 Total**<br>**2019 Total**|
||**£**<br>**£**|
|Grants and donations|**86,207**<br>129,076|
|Giftsin kind|**-**<br>268,830|
||**86,207**<br>397,906|



All income from donations and legacies is unrestricted for the current and prior year. 

The gifts in kind relate to pro bono services provided as detailed below. The value of the work is estimated by the provider of the services and has been recognised in the year the services were provided. The gifts in kind donors are noted below: 

|**2019 Gifts in Kind breakdown:**|**£**|
|---|---|
|Cinema|144,448|
|Online|5,868|
|OOH|74,958|
|Print|27,983|
|TV|5,573|
|Other|10,000|
||**268,830**|



## **4) Income from charitable activities** 

|**4)Income from charitable activities**||
|---|---|
||**Unrestricted**<br>**Restricted**<br>**2020 Total**<br>**2019 Total**|
||**£**<br>**£**<br>**£**<br>**£**|
|Grants|-<br>80,000<br>**80,000**<br>5,000|
|Corporate partnerships|564,964<br>1,832<br>**566,796**<br>556,790|
||564,964<br>81,832<br>**646,796**<br>561,790|



Income from charitable activities in the prior year was £561,790 of which £150,000 was attributable to restricted and £411,790 was attributable to unrestricted funds. 

## **5) Funds raised by the charity** 

|**5)Funds raised by the charity**||
|---|---|
||**2020 Total**<br>**2019 Total**|
||**£**<br>**£**|
|Merchandise sales|**8,733**<br>19,038|
|Fundraising events|**662,652**<br>962,923|
||**671,385**<br>981,961|



All funds raised by the Charity are unrestricted for the current and prior year. 

Prepared by ExcluServ Ltd 

26 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **6) Income from investments** 

|**6)Income from investments**||
|---|---|
||**2020 Total**<br>**2019 Total**|
||**£**<br>**£**|
|Bank interest|**138**<br>313|
|Income from long term investments|**2,287**<br>2,745|
||**2,425**<br>3,058|



All income from investments is unrestricted for the current and prior year. 

## **7) Analysis of expenditure (current year)** 

||**Raising**<br>**funds**<br>**Charitable**<br>**activities**<br>**Governance**<br>**costs**<br>**Support**<br>**costs**<br>**2020 Total**<br>**2019 Total**|
|---|---|
||**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**|
|||
|Staff Costs (note 9)|277,776<br>254,929<br>66,432<br>29,244<br>**628,381**<br>**480,017**|
|Costs of goods sold|2,478<br>-<br>-<br>774<br>**3,252**<br>**7,583**|
|Fundraising costs|38,936<br>-<br>-<br>157<br>**39,093**<br>**274,455**|
|Subsidiary fundraising costs|1,893<br>-<br>-<br>-<br>**1,893**<br>**4,946**|
|Charitable activities direct<br>costs|-<br>163,934<br>-<br>7,010<br>**170,944**<br>**586,838**|
|Staff related costs|-<br>-<br>-<br>17,499<br>**17,499**<br>**8,005**|
|Premises costs|-<br>-<br>-<br>36,376<br>**36,376**<br>**58,196**|
|IT & telephone costs|-<br>-<br>-<br>17,409<br>**17,409**<br>**22,448**|
|Other office costs|-<br>-<br>-<br>25,194<br>**25,194**<br>**54,747**|
|Professional fees|-<br>-<br>10,180<br>73,194<br>**83,374**<br>**84,696**|
|Depreciation|-<br>2,961<br>-<br>5,818<br>**8,779**<br>**17,150**|
|Bank Charges|-<br>-<br>2,880<br>-<br>**2,880**<br>**1,503**|
|Other|-<br>-<br>193<br>-<br>**193**<br>**459**|
|**Total**|321,083<br>421,824<br>79,685<br>212,675<br>**1,035,267**<br>**1,601,043**|
|||
|||
|Support costs|113,756<br>98,919<br>-<br>(212,675)|
|||
|Governance costs|42,622<br>37,063<br>(79,685)|
|||
|**Total expenditure 2020**|**477,461 **<br>**557,806**<br>**-**<br>**-**<br>**1,035,267 **|
|||
|Total expenditure 2019|633,451<br>967,592<br>-<br>-<br>1,601,043|



***** Allocation of support costs is based on staff time. 

Prepared by ExcluServ Ltd 

27 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **Analysis of expenditure (prior year)** 

||**Raising**<br>**funds**|**Charitable**<br>**activities**|**Governance**<br>**costs**|**Support**<br>**costs**|**2019 Total**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|||||||
|Staff Costs (note 9)|203,457|215,957|45,633|14,970|**480,017**|
|Costs of goods sold|7,583|-|<br>-|<br>-|<br>**7,583**|
|Fundraising costs|274,455|-|<br>-|<br>-|<br>**274,455**|
|Subsidiary fundraising costs|4,946|-|<br>-|<br>-|<br>**4,946**|
|Charitable activities direct costs|-|<br>586,838|-|<br>-|<br>**586,838**|
|Staff related costs|-|<br>-|<br>-|<br>8,005|**8,005**|
|Premises costs|-|<br>-|<br>-|<br>58,196|**58,196**|
|IT & telephone costs|-|<br>-|<br>-|<br>22,448|**22,448**|
|Other office costs|-|<br>-|<br>-|<br>54,747|**54,747**|
|Professional fees|-|<br>-|<br>11,800|72,896|**84,696**|
|Depreciation|-|<br>13,223|-|<br>3,927|**17,150**|
|Bank Charges|-|<br>-|<br>1,503|-|<br>**1,503**|
|Other|-|-|459|-|**459**|
|**Total**|490,441|816,018|59,395|235,189|**1,601,043**|
|||||||
|||||||
|Support costs|114,176|121,013||(235,189)||
|||||||
|Governance costs|28,834|30,561|(59,395)|||
|||||||
|**Total expenditure 2019**|**633,451 **|**967,592 **|**-**|<br>**-**|<br>**1,601,043**|



|**8) Net income for the year**|||
|---|---|---|
|This is stated after charging:|**2020**|**2019**|
||**£**|**£**|
|Depreciation|**8,779**|17,150|
|Operating lease rentals:|||
|Property|**27,735**|27,023|
|Auditors' remuneration (excluding VAT):|||
|Audit|**8,500**|8,500|
|Other services|**-**|1,600|
||||



Prepared by ExcluServ Ltd 

28 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **9) Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel** 

|**Payroll Details:**|**2020**|**2019**|
|---|---|---|
||**£**|**£**|
|Salaries and wages|**562,321**|<br>431,509|
|Social security costs|**53,145**|<br>39,343|
|Employer's contribution to defined contribution pension schemes|**12,915**|<br>9,165|
||**628,381**|<br>480,017|



The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between: 

||**2020**<br>**2019**|
|---|---|
|£60,000-£69,999|1<br>-|
||**1**<br>**-**|



The total employee benefits including pension contributions of the key management personnel (CEO, Head of Fundraising, Director of Business Support and Education and Health Comms Director) were £253,013 (2019: £212,543). 

The charity trustees were not paid nor received any other benefits from employment with the charity in the year (2019: £nil). 

No charity trustee received payment for professional or other services supplied to the charity (2019: £nil). 

Trustees' expenses represent the payment or reimbursement of travel and subsistence costs totalling relating to attendance at meetings of the trustees £nil (2019: £nil). No trustees were reimbursed during the current year (2019: £nil). 

|**Staff Numbers**|**2020**|**2019**|
|---|---|---|
||**Number**|**Number**|
|Raising funds|**7.89**|<br>7.17|
|Charitable Activities|**7.23**|<br>6.83|
|Support|**0.95**|<br>0.61|
|Governance|**1.18**|0.90|
||**17.25**|15.50|



## **10) Related party transactions** 

There are no related party transactions to disclose for 2020 (2019: none) other than as disclosed in Note 9 and 14. 

## **11) Taxation** 

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 

The charity's trading subsidiary CoppaFeel Trading distributes under Gift Aid available profits to the parent charity. 

Prepared by ExcluServ Ltd 

29 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **12) Tangible fixed assets** 

|**Group and charity**|**Events**<br>**Equipment**|<br> <br>**Computer**<br>**Equipment**|**Motor**<br>**Vehicles**|**Office**<br>**Furniture**|**Total**|
|---|---|---|---|---|---|
||**£**|<br>**£**|**£**|**£**|**£**|
|**Cost**||||||
|_At 1 January 2020_|538|<br>17,769|<br>39,672|<br>1,746|<br>**59,725**|
|Additions|-|<br>11,124|<br>-|<br>-|<br>**11,124**|
|Disposals|-|<br>-|<br>-|<br>-|<br>**-**|
|_At 31 December 2020_|538|<br>28,893|<br>39,672|<br>1,746|<br>**70,849**|
|||||||
|**Accumulated depreciation**||||||
|_At 1 January 2020_|538|<br>9,161|<br>36,712|<br>909|<br>**47,320**|
|Depreciation|-|5,382|<br>2,960|<br>437|<br>**8,779**|
|_At 31 December 2020_|538|<br>14,543|<br>39,672|<br>1,346|<br>**56,099**|
|||||||
|**Net Book value:**||||||
|_As at 31 December 2019_|-|<br>8,608|2,960|837|<br>**12,405**|
|||||||
|_As at 31 December 2020_|**-**|<br>**14,350 **|**-**|<br>**400 **|**14,750**|



All the above assets are used for charitable purposes. 

## **13) Investments** 

||**Charity**<br>**Group**<br>**Charity**<br>**Group**|
|---|---|
||**2020**<br>**2020**<br>**2019**<br>**2019**|
||**£**<br>**£**<br>**£**<br>**£**|
|**Investments held:**||
|Fair value at the start of the year|111,342<br>111,342<br>96,497<br>96,497|
|Additions at cost|2,095<br>2,095<br>2,762<br>2,762|
|Net gain on change in fair value|5,927<br>5,927<br>12,083<br>12,083|
|Listed and mixed investments|119,364<br>119,364<br>111,342<br>111,342|
|Cash held for reinvestment|74<br>74<br>39<br>39|
|Investment in subsidiary|1<br>-<br>1<br> -|
|Fair value at the end of the year|**119,439**<br>**119,438**<br>**111,382 **<br>**111,381 **|
|||
|**Historic cost at 31 December 2019**|**105,253**<br>**105,252**<br>**105,253 **<br>**105,252 **|
|||
|**Fair value of listed and mixed investments**<br>**comprises:**||
|Rathbones - Unit Trust Mngt - Core Investment Fund For<br>Charities|119,364<br>119,364<br>111,342<br>111,342|
||**119,364**<br>**119,364**<br>**111,342**<br>**111,342**|



The investments were last valued on 31 December 2020 by Rathbone Investment Management Limited. 

Prepared by ExcluServ Ltd 

30 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **14) Subsidiary undertaking** 

The charitable company owns 100% of the issued ordinary share capital of CoppaFeel Trading Ltd, a company registered in England. The company number is 10707836. The registered office address is 1-4 Pope Street, London, United Kingdom, SE1 3PR. 

The subsidiary is used for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the statement of financial activities. Available profits are distributed under Gift Aid to the parent Charity. 

The subsidiary is exempt from the requirements of the Companies Act 2006 relating to the audit of individual accounts by virtue of Section 479A. 

The trustee, Simon Finnis, is on the board of the trading subsidiary. 

## **A summary of the results of the subsidiary is shown below:** 

|**A summary of the results of the subsidiary is shown below:**||
|---|---|
||**2020 Total**<br>**2019 Total**|
|**Profit and Loss**|**£**<br>**£**|
|||
|Turnover|**240,393**<br>42,903|
|Costs of sales|**(1,893)**<br>(4,946)|
|**Gross profit**|**238,500**<br>37,957|
|||
|Administrative expenses|(7,102)<br>(6,429)|
|**Profit on ordinary activities before taxation**|**231,398**<br>31,528|
|Taxation on profit on ordinary activities|-<br> -|
|**Profit for the financial year**|**231,398**<br>31,528|
|||
|**Retained earnings**||
|Total retained earnings brought forward|**-**<br>-|
|Profit for the financial year|**231,398**<br>31,528|
|Distribution under Gift Aid to parent charity|**(231,398)**<br>(31,528)|
|**Total retained earnings carried forward**|**-**<br>-|
|||
|The aggregate of the assets, liabilities and reserves was:||
|Assets|**251,245**<br>30,436|
|Liabilities|**(251,244)**<br>(30,435)|
|**Net Assets**|**1**<br>1|



## **15) Parent charity** 

The parent charity's gross income and the results for the year are disclosed as follows: 

|The parent charity's gross income and the results for the year are disclosed as follows:||||
|---|---|---|---|
||**2020**|<br>**2019**||
||**£**|<br>**£**||
|Gross income|**1,651,241**|<br>1,994,753||
|Result for the year|**617,867**|<br>398,658||



Prepared by ExcluServ Ltd 

31 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **16) Debtors** 

||**Charity**|**Group**|**Charity**|**Group**|
|---|---|---|---|---|
||**2020**|**2020**|**2019**|**2019**|
||**£**|**£**|**£**|**£**|
|Trade debtors|**291,357**|**277,095**|64,199|67,920|
|Prepayments|**5,433**|**5,433**|3,255|3,255|
|Accrued income|**258,904**|**389,134**|247,992|247,992|
|Other debtors|**6,475**|**6,475**|6,150|6,150|
|Amounts owed from subsidiary|**1,493**|**-**|22,210|-|
||**563,662 **|**678,137 **|343,806|325,317|



## **17) Creditors: amounts falling due within one year** 

|**17)Creditors: amounts falling due within one**|**year**|
|---|---|
||**Charity**<br>**Group**<br>**Charity**<br>**Group**|
||<br> <br> <br> <br>**2020**<br>**2020**<br>**2019**<br>**2019**|
||**£**<br>**£**<br>**£**<br>**£**|
|Trade creditors|**6,589**<br>**144,182**<br>31,272<br>38,961|
|Taxation and social security|**2,478**<br>**13,468**<br>2,049<br>2,495|
|Deferred income (note 18)|**-**<br>**-**<br>2,547<br>2,547|
|Accruals & other creditors|**24,617**<br>**24,617**<br>16,975<br>17,065|
||**33,684 **<br>**182,267**<br>52,843<br>61,068|



## **18) Deferred Income** 

|**18)Deferred Income**||
|---|---|
||**Charity**<br>**Group**<br>**Charity**<br>**Group**|
||**2020**<br>**2020**<br>**2019**<br>**2019**|
||**£**<br>**£**<br>**£**<br>**£**|
|Balance as at 1 January 2020|**2,547**<br>**2,547**<br>6,396<br>6,396|
|Additions during the year|**-**<br>**-**<br>2,547<br>2,547|
|Amounts released to income|**(2,547)**<br>**(2,547)**<br>(6,396)<br>(6,396)|
|Balance as at 31 December 2020|**-**<br>**-**<br>2,547<br>2,547|



## **19) Analysis of net assets between funds (current year)** 

||**General**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total 2020**|
|---|---|
||**£**<br>**£**<br>**£**<br>**£**|
|**Fund balances at 31 December 2020 are**<br>**represented by:**||
|Tangible fixed assets|14,750<br>-<br>-<br>**14,750**|
|Investments|119,438<br>-<br>-<br>**119,438**|
|Net current assets|1,257,338<br>100,000<br>111,426<br>**1,468,764**|
||1,391,526<br>100,000<br>111,426<br>**1,602,952**|



Prepared by ExcluServ Ltd 

32 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **19a) Analysis of net assets between funds (prior year)** 

||**General**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total 2019**<br>**£**<br>**£**<br>**£**<br>**£**<br>12,405<br>-<br>-<br>**12,405**<br>111,381<br>-<br>-<br>**111,381**<br>685,641<br>100,000<br>75,658<br> **861,299**<br>809,427<br>100,000<br>75,658<br>**985,085**|
|---|---|
|||
|**Fund balances at 31 December 2019 are**<br>**represented by:**||
|Tangible fixed assets||
|Investments||
|Net current assets||
|||



## **20) Movement in funds (current year)** 

|**20)Movement in funds (current year)**||
|---|---|
||**At 1 January**<br>**2020**<br>**Income**<br>**Expenditure**<br>**At 31 December**<br>**2020**|
||**£**<br>**£**<br>**£**<br>**£**|
|**Restricted Funds**||
|ICAP|75,658<br>6,832<br>(43,184)<br>**39,306**|
|Pink Ribbon|-<br>5,000<br>(2,880)<br>**2,120**|
|National Lottery|-<br>70,000<br> -<br>**70,000**|
|**Total restricted Funds**|75,658<br>81,832<br>(46,064)<br>**111,426**|
|||
|**Unrestricted funds**||
|Designated funds:|100,000<br>-<br>-<br>**100,000**|
|General Funds|809,427<br>1,571,302<br>(989,203)<br>**1,391,527**|
|**Total unrestricted funds**|909,427<br>1,571,302<br>(989,203)<br>**1,491,527**|
|||
|**Total Funds**|985,085<br>1,653,134<br>(1,035,267)<br>**1,602,952**|



## **Purpose of restricted funds** 

**ICAP** – Grant was given for the purpose of the Primary Care Activity. **Pink Ribbon Foundation** – Financial support which relieve the needs of people who are suffering from, have been affected by breast cancer, or who work to advance the understanding of breast cancer. **National Lottery Funding** -  Grant for Digital Tool 

Prepared by ExcluServ Ltd 

33 



## **CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2020** 

## **20a) Movement in funds (prior year)** 

||**At 1 January**<br>**2019**<br>**Income**<br>**Expenditure**<br>**At 31 December**<br>**2019**|
|---|---|
||**£**<br>**£**<br>**£**<br>**£**|
|**Restricted Funds**||
|ICAP|114,346<br>(38,688)<br>**75,658**|
|Roche Products Limited|-<br>5,000<br>(5,000)<br>-|
|**Total restricted Funds**|114,346<br>5,000<br>(43,688)<br>**75,658**|
|||
|**Unrestricted funds**||
|General Funds|472,081<br>1,994,701<br>(1,557,355)<br>**809,427**|
|**Total unrestricted funds**|472,081<br>1,994,701<br>(1,557,355)<br>**909,427**|
|||
|**Total Funds**|586,427<br>1,999,701<br>(1,601,043)<br>**985,085**|



## **21) Reconciliation of net income to net cash flow from operating activities** 

|**21)Reconciliation of net income to net cash flow from operating activities**||
|---|---|
||**2020**<br>**2019**|
||**£**<br>**£**|
|**Net income/(expenditure) for the reporting period (as per the Statement of**<br>**Financial Activities)**|**617,867**<br>398,658|
|||
|_Adjustments for:_||
|Depreciation charges|**8,779**<br>17,150|
|(Increase) in debtors|**(352,820)**<br>(137,613)|
|Increase/(Decrease) in creditors|**121,199**<br>(58,386)|
|Dividends and interest received|**(2,425)**<br>(3,058)|
|(Gain)/Loss on longterm investment|**(5,927)**<br>(12,083)|
|**Net cash provided by operating activities**|**386,673**<br>204,668|



## **22) Operating lease commitments** 

The charity’s total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods: 

||**Charity**<br>**Group**<br>**Charity**<br>**Group**|
|---|---|
||**2020**<br>**2020**<br>**2019**<br>**2019**|
||**£**<br>**£**<br>**£**<br>**£**|
|**Property:**||
|Less than one year|**6,675**<br>**6,675**<br>6,675<br>6,675|
||**6,675**<br>**6,675**<br>6,675<br>6,675|



## **23) Legal status of the charity** 

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. 

Prepared by ExcluServ Ltd 

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