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2021-12-31-accounts

CoppaFeel

Report and Consolidated Financial Statements For the Year Ended 31 December 2021

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

CoppaFeel Contents

Trustees’ annual report 3
Independent auditor’s report to the Trustees 26
Consolidated Statement of Financial Activities for the year ended 31 December 2021 30
Consolidated and Parent Balance Sheet as at 31 December 2021 31
Consolidated Statement of Cashflow for the year ended 31 December 2021 32
Notes forming part of the Consolidated Financial Statements for the Year ended 31 December 2021 33-44

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CoppaFeel Trustees’ Annual report

CoppaFeel! Impact & Accountability Report

Our Values

Creativity

We’re not like other charities. We are not afraid to challenge existing ways of doing things, think in unconventional ways and experiment – all for good reason. Making mistakes is the privilege of the active

Positivity

We want to be a force for positive change and create lasting impact on the world. We talk about a serious message in a light hearted, proactive and empowering way.

Community

Collectively with our supporters, CoppaFeel! has a voice far greater than our size. We will always remember that together we are greater than the sum of our parts.

Impact

We believe in committed, hard work which delivers results. We are problem solvers who have proven that you can get good results from small means.

Our 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.

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CoppaFeel Trustees’ Annual report

Letter from the chair:

This year has been a challenging year, yet despite the tough conditions, we have been determined to continue our work where possible and have launched new services such as the Self Check Out. We were able to continue with much of our awareness raising and supported the NHS efforts to encourage people to see their GP if they find any changes that are not normal for them to give people a better chance of securing an early breast cancer diagnosis. Although we have had to deliver fewer face-to-face services, our combined efforts ensured that we were able to reach more than 3.2million people. Our workforce and volunteers have been amazing, adapting to ensure we could provide support to the people who needed it most, in new and innovative ways. I have been so proud of how the whole organisation has rallied, reimagining how we achieve our mission and never losing sight of creating a positive impact. We are confident that we will emerge in the postCOVID-19 world as a stronger and more agile organisation. After an initial fear in early 2020 that the pandemic would devastate our ability to fundraise, the Board of Trustees and I were in awe of our supporters’ unwavering generosity and support. This, and a combination of very tight cost controls, meant we ended the year in a strong financial position. I want to say thank you to all our supporters for everything you have done over the last year. We still have much to do and I fear the impact of the virus on the early diagnosis of breast cancer, but the Board has great confidence in our team which has delivered brilliantly in the most challenging of times. And in you, our supporters, partners and those living with and affected by breast cancer – we could not have got through this year without you all.

Thank you.

Jamie Clews

Chair of the Trustees

(stepped down as Chair April 2022)

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CoppaFeel Trustees’ Annual report

Foreword from the CEO

When we packed up our office in March 2020 I thought that it would be for a matter of weeks. Now looking back on the last two years I share Jamie’s sense of pride in what we have accomplished in the most challenging, changeable circumstances.

Despite the pressures that Covid 19 placed upon our beneficiaries and NHS, we are pleased to see that breast cancer diagnosis levels have now returned to pre pandemic levels, however the pandemic has highlighted the pressure that NHS staff and cancer pathways are under and we are committed to increasing our work in this space to ensure that all breast cancers are diagnosed early.

CoppaFeel! was born out of a need to better represent and raise awareness of the fact that breast cancer can affect young people. One of the saddest and most challenging parts of our work is to see the level of health inequity that still prevails and greater reach and representation of our message to ensure that those communities who have worse breast cancer outcomes are better served, and their stories amplified.

Despite the challenges of the past 12 months, CoppaFeel! Is in a strong financial position and we look forward to scaling up our services and innovating in new areas to ensure that all people affected by breast cancer are diagnosed early and so have more agency when it comes to treatment and more chance of a better outcome.

In this report you will see that while some things have gone well, there are some areas where we feel we could have done better. I hope you enjoy this honest reflection on our year. We know we do not get everything right, but we certainly try our best. Thank you for sticking by us, for caring about us and most importantly, for everything that you do for people affected by breast cancer. You are amazing; I hope we did you proud.

Natalie Haskell

Chief Executive CoppaFeel!

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CoppaFeel Trustees’ Annual report

What we have done well

2021 Introduction

It has been another year of ups and downs, recovering from the initial impact of the pandemic, but also navigating how to now live alongside the virus.

At CoppaFeel!, 2021 was all about…

The Theory of Checking

Our theory of checking is our take on the theory of change and demonstrates the behaviour change that our work exists to drive.

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CoppaFeel Trustees’ Annual report

Highlights

Here’s the progress we made in 2021 to change behaviours and reach more 18-24 year olds with our message:

ENCOURAGE

What we said:

“We will continue to raise awareness of breast cancer and the importance of getting to know your boobs, and the efficacy of our message by creating meaningful reach and normalising checking amongst 18 - 24 year olds.”

What we did Outcome Output What you said
Launched our new
campaign,“Know
_Yourself”_to raise
awareness and
normalise getting to
know your body.		 27% of the 18-24s
said the campaign
would encourage
them to check 22% of
18-24s said the
campaign makes
them think breast
cancer is relevant to
them		 Reached two thirds of
18-24 year olds with
them having the
opportunity to see it
around 5 times.
And around half of
those who saw it
remembered the ads
(28%)		 “I think it shows lots of
different bodies which
demonstrates the
message of (breast
cancer) being able to
affect anybody.”
Survey Responder
Evolved our social
media content
streams to better
educate and
encourage 18-24 year
olds.		 We saw an increase
in checking in our
annual research.
Our research carried
out in November
showed social media
is now the main
trigger for prompting
young people to
check.		 We reached
1,184,700 million 18-
24 year olds through
our comms channels
across the year.
New content streams
were launched:
Booble
How I CoppaFeel
Chest Chat		 “Not sure if this is a
weird question but
does anyone know
how often you should
be checking?
Genuinely no one has
ever taught me, so
this is suuuuper
useful!
”
“This is a great post -
very informative💜”
Instagram Followers

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CoppaFeel Trustees’ Annual report

What we did Outcome Output What you said
Increased diversity of
stories we share and
social media
platforms we use to
reach different
communities		 We have seen an
increase in
engagement with
case studies &
takeovers showcasing
different experiences
of breast cancer &
checking. We are
hoping to do more
tracking in 2022.		 Boob Share podcast
launched with Jackie
Adedeji
CoppaFeel! Tik Tok
channel launched &
Tik Tok partnership
too place in BCAM.
Black Twitch UK
streams / Black
Youtube - increase of
people approaching
us		 My new favourite
podcast! I think this
delivers such useful
self care info in such
a fun way and I love
Jackie.
BoobShare Listener
“Love your
showcasing nonbinary
to people like myself
”
Instagram Follower

EDUCATE

What we said:

“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.”

What we did Outcome Output What you said
Completed a review
of our health
information and
processes		 98% of people who
viewed our new
health information
online found it useful.
Achieved PIF Tick
accreditation for our
information processes
from the Patient
Information Forum		 - Launched posters
for the Trans
community, working
with Live Through
This.
- Created British Sign
Language version of
how to check video
-Launched new health
information section on
website.		 “ This is really useful
thanks. Tips on how
to check when dealing
with increased
sensitivity would be
helpful”
“Peace of mind, thank
you”
Supporter feedback
on health
information

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CoppaFeel Trustees’ Annual report

What we did Outcome Output What you said
Restoration of
volunteer ambassador
programmes post
COVID disruption.
(Boobettes and Uni
Boob Teams)		 93% of people who
booked a Boobette
session found the
content very useful		 - Delivered 244
Boobette sessions
reaching an estimated
14,900 people.
- Recruited 44 UBT
teams who delivered
56 events and signed
up over 800 students
to our SMS reminder
service		 “What a moving but
extremely important
online presentation
we’ve just been given
by a Boobette at the
charity
@coppafeelpeople”
Boobette session
attendee
Established
partnerships with key
organisations to
educate more 18-35
year olds.		 We saw an increase
in claimed confidence
towards boob
checking from BPAS
clients after reading
our leaflet in packs,
40% > 70%.
Bloody Good Period
and GirlGuiding
allowed us to reach
new audiences, we
are awaiting
evaluation results.		 Developed a
presentation for
refugees and asylum
seekers with Bloody
Good Period.
Created an activity on
boob checking with
GirlGuiding for their
members
Reached BPAS
clients with our
leaflets used in pbp
packs.
Healthcare
Professional
engagement delivered
online through
launching our first
webinar series		 100% of attendees
reported feeling more
confident to speak to
patients about breast
awareness after
attending the webinar
session.		 Reached 173
healthcare
professionals online
through the webinar
series.
Engaged with over
400 new healthcare
professionals in 2021,
through our resources
and webinar series.		 “Really great webinar!
The session was
relevant to my role
and I now feel
confident to talk about
this with people I
come into contact
with.”
Healthcare
professional -
webinar attendee

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CoppaFeel Trustees’ Annual report

What we did Outcome Output What you said
Promotion of our
School Pack to
teachers		 Increased
engagement with
School Pack amongst
educators compared
with previous year.		 Carried out targeted
marketing campaigns
to teachers.
Received over 800
downloads of our
school pack.		 “Thank you Coppafeel
for sending me
resources for all my
students!! I will
be
using them in all my
PSHE lessons! Lots
of love x”
Teacher feedback

EMPOWER

What we said:

“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.”

What we did Outcome Output What you said
Launched the Self-
Checkout web app to
guide people on how
to start checking their
boobs/pecs/chest.		 Almost 4 in 5 of
people checked their
pecs/chest (or
planned to) after
having seen the Self-
Checkout web app.		 Over 49,000 people
used the tool in the
first 6 months		 “I came across your
Self-Checkout,
followed the checklist
and set my reminders
and it’s really helped
my mindset. Thank
you so much for
providing a bit of
clarity for me xx”
Supporter

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CoppaFeel

Trustees’ Annual report
What we did Outcome Output What you said
Attended 3 days at
Social in the City to
spread awareness
with young people
and engage with
influencers		 Had quality
conversations with a
diverse range of
young people who
took away our
information.		 Over 200 quality
conversations with
attendees
Engaged with 18
influencers about
sharing the boob
checking message to
a collective following
of 17.6 million across
all channels including
Tik Tok and
Instagram.		 “I loved all the props
and the Boob Mobile!!
I would love to work
with you and help in
any way possible
raising awareness for
such an important
cause. I look forward
to getting more
involved with you in
2022”
Influencer who
attended the Boob
Mobile

But what impact did that have on changing the behaviours of young people in the UK when it comes to checking themselves?

Our annual research shows that currently…

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CoppaFeel Trustees’ Annual report

For 18 - 24 year olds in the UK…
Area Ever
checked
their
boobs		 Perception
that breast
cancer
can affect
young
people		 Knowledge
of signs
and
symptoms
(Nipple
rash /
Pulling in)		 Knowledge
of
guidance		 Confident
knowing
what is
normal
for you		 Confidence
noticing a
change		 Confident
to start
checking		 Check
boobs
monthly/
regularl
y
2021 88% 38% 55%
/
56%		 64% 51% 49% 55% 49%
(43%)
76% 38% 51%
/
58%		 53% 48% 57% 50% 36%
2020

Why does this matter…

It’s simple, we want to establish healthy boob-checking behaviours in 18-35 year olds in the UK because we know the majority of young people aren’t offered routine screening, yet around 2,300 women under the age of 39 are diagnosed in the UK every year. We also know that the earlier breast cancer is found, the quicker it can be treated and the better the survival rates. Ultimately, we think everyone deserves to have the chance to live a full and healthy life.

Equality, Diversity and Inclusion at CoppaFeel!

Like many organisations, CoppaFeel! was forced to examine the accessibility and inclusivity of our charity in 2019. We realised that there is much more that we can, and believe that we need to do to be an equitable organisation that better meets and represents the needs of our beneficiaries. We have made some real progress in this space in the last 12 months, firstly appointing someone to champion EDI across everything that we do. Our EDI strategy is embedded across the organisation and spans 5 priorities which shape what we do and how we do it.

We believe that our accountability in the space is fundamental to the delivery of our mission, and as such we have shared our full EDI objectives and delivery for accountability.

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CoppaFeel Trustees’ Annual report

Objective Priority 1: Increase early breast cancer diagnosis amongst a broader range of beneficiaries including those who experience multiple disadvantages. We conducted a review of all health messaging to ensure that it is inclusive and accessible to all beneficiaries and better speaks to individuals with different lived experiences. Our new health information was launched across the website and was Patient Information Forum (PIF) accredited Work collaborated with organisations already working with under represented groups, launching bespoke resources for Trans People with Live Through This and worked with Black Twitch UK and Thera Trust. We worked with more diverse creators to reach new audiences and better represent a diverse range of lived experiences Our annual awareness campaign was developed with input from people with diverse backgrounds and we recruited people from diverse lived experiences to produce and feature within the campaign. For any new projects we will conduct an Equality Impact Assessment to ensure that our policies, practices, events and decision-making processes are fair and do not present barriers to participation or disadvantage any protected groups from participation. We worked with healthcare professionals to improve the reach of our message and raise awareness of specific barriers and issues to accessing healthcare for certain groups through our healthcare webinar series. We delivered 11 webinar series, translated our checking information into Punjabi and released a BSL How To Check video in conjunction with Sign Health Priority 2: Create diverse Governance, Leadership and advisory panels that give power to all voices and better reflect young people in the UK. We recruited Dr Shivani Sharma to the Board to ensure that our EDI ambitions are reflected at Board level Review and improve our recruitment processes to attract more diverse applications. We moved to an accessible office space and created an environment that will better accommodate neurodiverse people and people living with a physical disability. We improved data monitoring across all areas including - Equal Opportunities for staff and volunteers, representative panels for annual attitudinal and behavioural research as well as across all impact reporting. Move office to improve accessibility. Priority 3: Extend our partnerships with staff, professionals, and communities of young people to ensure that CoppaFeel!’s message is delivered in a way that is accessible, representative and

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CoppaFeel Trustees’ Annual report

relevant to different audiences. Showcase more diverse beneficiary experiences through our case study call out, Chest Chat and How I CoppaFeel! content series to better represent and share the experiences of our audience. We established partnerships with Bloody Good Period, Girlguiding, Live Through This, Alafia, Thera Trust and BPAS to reach more people Priority 4: Value and encourage feedback and self-reflection. We need to be aware of our unconscious biases and individually and collectively take responsibility to learn from our mistakes and broaden our viewpoints. We published an EDI paper for supporters & beneficiaries and ask for feedback from our networks. Work transparently with the Board, ICAG and other partner organisations for feedback and openly communicate our progress in this space. With the help of the EDI taskforce we encouraged the team to celebrate diversity as a part of the CoppaFeel! culture with sessions from the School of Life, Gendered Intelligence and The Other Box We introduced channels for feedback to keep dialogue and conversation to our approach open and transparent. All CoppaFeel! employees have an Equality, Diversity and Inclusion built into their KPIs.

Where we can improve

Despite the incredible delivery in 2021 there are a few areas where we think that we could do better or things didn’t go quite to plan.

Impact of the Pandemic:

Sadly Covid - 19 continued to impact some of our service delivery - most notably in terms of our ability to deliver talks in workplaces and schools. Whilst we adapted to facilitate these sessions via zoom, we still haven’t achieved the pre pandemic volume. We hope to revisit our approach here and explore alternative solutions to increase engagement with our offering in these space.

Alongside this our reach has also been impacted as we have been unable to deliver our usual festival tour and Festifeel. We will explore virtual opportunities and other opportunities to engage with 18 - 24 year olds and reach more diverse audiences as a part of our future strategies.

Whilst we have made huge progress in our EDI work, we still want to make more progress in this space, collaborating with more organisations and focusing upon diversifying our Patrons, Medical Advisory Group, Volunteers and Team to better represent and reflect the audiences that we serve.

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CoppaFeel Trustees’ Annual report

Our Fundraising

2021 was the year of income growth that we had originally been anticipating for 2020. We are very lucky to have such loyal supporters and hardworking partners who continued to raise funds for us despite the challenges we all faced and as a result, all efforts paid off and our income increased by 74%. That is a significant increase but please note that is an increase on 2020, which was a year that had taken a dip due to the impact of Covid. 2021’s income was a 44% increase from 2019, which is perhaps a more accurate representation of the growth.

The creativity, ability to adapt and positive attitude needed for survival in 2020 has forced us all to rethink ways of fundraising and our learnings are proving to serve us well. In 2021 we finally managed to take two groups of keen trekkers away, albeit within the UK. We continued to work with corporate partners who never gave up on supporting us and providing us with a fundraising platform. Our loyal community of fundraisers were finally able to fundraise outside of zoom quizzes - we even had a convoy of VWs on a sponsored drive around the M25! Ultimately, it was a real turning point for us as a charity.

The most noticeable increase in income is from Corporate partnerships which includes our Tickled Pink partnership, facilitated and dedicatedly driven by Asda. We also had significant support from Avon, who have continued to support CoppaFeel! since 2017. 2021 saw lots of activity with Corporate Partners throughout Breast Cancer Awareness Month from both long term partners and brand new ones.

We are conscious of the difficulties that come with significant growth and last year spent time focusing our attention on diversifying income. We need to grow sustainably and always think to the future. In 2021 we started to build up our skills and focus our attention on applying for grants from Trusts and Foundations, as well as building momentum within our individual giving programme.

Of course, we have also invested in existing areas of fundraising where we know we can continue to do more with so many opportunities.

Challenges from outside CoppaFeel! that affect our work

Impact of inflation

Our risk mitigation strategy allows for reserves to accommodate increases in overheads and we also have finance management processes in place with the Board to monitor financial performance. Alongside this we have developed fundraising strategies to diversifying our portfolio and spread this risk.

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CoppaFeel Trustees’ Annual report

What is next?

We are fortunately in a strong position post pandemic and have the opportunity to return to our 3 year strategy to drive motivated checking amongst 16 - 24 years olds, and delivering our finance strategy that will enable the sustainable growth of the charity. There are three strategic pillars 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 lived experiences. This will mean improving the accessibility and inclusivity 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 ensure that CoppaFeel! can grow in a way that is sustainable. We will also continue to invest in areas that will support the infrastructure growth of the organisation, prioritising people and development and the streamlining of internal processes to facilitate increased workload and demand.

3. Impact

Impact is one of our values at CoppaFeel! and it has always been imperative that we are able to demonstrate the tangible impact of the work that we do in saving lives. In 2019 we increased the amount of resource and investment that went into understand our impact and this will continue to be a focus, both to inform and evaluate our campaigns, services and messaging.

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CoppaFeel Trustees’ Annual report

Our Governance - how we stay compliant

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 which was amended by special resolution registered at Companies House on the 4th August 2015.

Our Board

Jamie Clews - Chair (stepped down as Chair April 2022) Dr Shivani Sharma, (appointed chair April 2022) Claire McDonald Alice May Purkiss Michael Atti Sarah Pugh Dr Penny Kechagioglou (appointed December 2021)

Our Senior Management Team Natalie Haskell - Chief Executive Henrietta Atkinson - Director of Business Support Sophie Dopierala-Bull - Director of Education and Health Comms Jo Stewart - Fundraising Director

Company Registration Number: 06974733 Registered England & Wales charity number: 1132366 Scotland: SC045970

Registered Office

Unit 4, Bickels Yard, 151-153 Bermondsey Street, London SE1 3HA

The CoppaFeel! Board seeks external independent advice from: Auditor 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

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CoppaFeel Trustees’ Annual report

Board Effectiveness

The board supports the principles of good governance as set out in the Charity Governance Code and utilises the code’s recommendations to review governance practices annually for the organisation. 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.

This year we appointed Dr Penny Kechagioglou, a Clinical Oncologist to the Board to support CoppaFeel!’s understanding of breast cancer pathways and better facilitate early diagnosis. Penny was appointed to the Board in December 2021.

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.

Remuneration Policy

Trustees approve the salary of the CEO and review the organisation pay structure annually. CoppaFeel! salaries are benchmarked with the sector and are 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.

Organisational Purpose and Leadership

CoppaFeel!’s Board of Trustees regularly monitors and reviews the success of the organisation in meeting its key objective of ensuring that all young people are educated and empowered to check their chests regularly with the mission of ensuring that more people are diagnosed early. In particular the Trustees consider how planned activities will impact our beneficiaries.

In reviewing our aims and objectives we have referred to and complied with the duty in section 17 of the Charities Act 2021, in relation to having due regard to the Charity Commission’s published general guidance on public benefit and stayed true to CoppaFeel!’s objects to advance the education, and preserve and protect the good health of the public, in particular young women, by (not limited to ) promoting the understanding of breast cancer, it’s early detection and it’s treatment

The Board meets four times a year, but is dynamic and responds to the needs of the organisation by using virtual services.

Safeguarding

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

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CoppaFeel Trustees’ Annual report

have programmes where our volunteers are carrying out vulnerable activities, safeguarding is a key Trustee responsibility which is why we have appointed a safeguarding lead on the Board.

CoppaFeel! had 4 concerns reported in 2021, 2 via our volunteers and 2 electronically.

Our safeguarding leads will meet quarterly to review cases and discuss best practice. For greater due diligence as the organisation grows, they also recommend that all Trustees have a Basic DBS check completed.

In light of the concerns raised in 2021 we have updated our Reporting Concerns policy to include eSafety guidance and include greater transparency of how we manage safeguarding at CoppaFeel!

Decision Making, Risk & Control

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 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 as the biggest risks that we are managing in 2021:

● Impact of the pandemic on NHS services

Our main concern during the pandemic was our beneficiaries' ability to access NHS services and secure an early diagnosis. CoppaFeel! continued to work alongside other cancer charities to advocate for our beneficiaries as a part of the Cancer Charity Alliance as well as encourage our community to take action by reinforcing NHS messaging on our social media channels.

● Fundraising

Whilst the incredible performance of our corporate partnership fundraising and treks has facilitated CoppaFeel!’s growth there is also a risk that they do not perform as well as projected or that we lose them as fundraising streams. We have an income generation strategy based upon a relationship fundraising approach, engaging and retaining long-term 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.

● Restrictions on delivery of CoppaFeel! Services

Whilst we were able to leverage digital platforms to offer a number of our services, our delivery has been limited based upon the reduced access to face to face events. This has particularly impacted our work with Healthcare Professionals, in schools, at universities and the delivery of our talks in workplaces.

Fundraising

We are registered with the Fundraising Regulator and have a commitment to following, reviewing, and consulting on the Code of Fundraising Practice. This underpins our commitment to

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CoppaFeel Trustees’ Annual report

safeguarding our supporters in their interactions with our staff and volunteers. CoppaFeel! Currently does not work with any third party fundraisers. We had no complaints about our fundraising practice in 2021 and there have been no investigations into our fundraising practices or compliance issues raised by the Fundraising Regulator.

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:

The trustees are responsible for keeping adequate 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:

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

Financial Review and Results for 2021

How we raise our money

Donations £254,276

(Gifts in Kind £133,534 )

(Donations £ 120,742 )

Charitable activities £471,016

Fundraising £1,697,595

Trading subsidiary £568,523

Investment £2,634

Other £3,597

Total income £2,997,641

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CoppaFeel

Trustees’ Annual report

How we spend our money

Charitable activities/ awareness £968,230

Raising funds £620,837

Governance £80,402

Support £339,265

Total expenditure £2,008,734

Prepared by ExcluServ Ltd

22

CoppaFeel Trustees’ Annual report

2021 saw a stronger than anticipated year for CoppaFeel! financially and the charity over performed versus the budget.

Despite the continued COVID restrictions, two treks (UK based) took place.

Having registered for a Gambling licence in 2020, the first income from the sale of scratch cards was received in October 2021. This income will be received on a monthly basis and is due to develop into 2022, providing a consistent income stream moving forward.

Our corporate income was also the most successful yet, with over £ 1.7 million raised thanks to key partnerships, notably the valued support of ASDA and AVON .

The small Grants program was developed further at CoppaFeel! and we received £13,810 restricted income to go towards our University teams for the academic year 2021-22 (so partially carried over into 2022).

Fundraising costs are higher in 2021 than 2020 this is in large part due to the costs of running two treks in one financial year compared to 2020 where all treks were cancelled due to COVID restrictions.

With the increased support that the charity has received over the last few years, and in order to be in a stronger position to deliver our strategy and objectives, we have recruited more staff across the organisation, and this is reflected in the increased staff costs in the Annual Accounts.

The charity moved offices in 2021 and is able to provide more appropriate and accessible facilities for staff and visitors. The board nominated £100k of funds to be designated for this purpose in 2020 and this was spent accordingly.

Gifts in Kind were recognised on the basis of what we would have paid for media and advertising support. We are incredibly grateful to our media partners who have helped us to share our campaign and source significant media value on behalf of the charity.

The charity finishes 2021 with a significant surplus which will be used by the organisation to support the charity’s cashflow allowing for a budget with anticipated deficit until the end of the year. During 2022 there are plans to invest in the organisation’s key awareness and education programs, expanding the reach and impact of our message.

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 £ 955k based on 2021 output and 2022 Payroll liabilities (excluding the value of gifts in kind) .

The designated fund of £100k to be spent on the office move has been spent in full.

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23

CoppaFeel Trustees’ Annual report

The charity currently holds total Free reserves of £2,346,453 and restricted reserves of £16,187 , The Trustees remain confident that CoppaFeel! is a going concern as there are adequate resources available to be able to fund the activities of the charity.

CoppaFeel! has finished 2021 with significant surplus funds to invest in key strategic aims for 2022 and 2023.

The surplus will be utilised to manage cashflow in 2022, where there is a deficit budget for 11 months of the year. The surplus at year end 2022 does include accrued income which will only be received 6 months after year end.

There are key investment areas for 2022 that the surplus will be supporting the charity – with planned work on our website, and annual campaign.

Moving into 2023, the charity will be investing in key infrastructure areas (Database, IT, HR) to support the organisation’s long term growth , alongside increasing our reach and impact through our Advertising campaign and monitoring our work through research.

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 that charity’s objectives and for its administration.

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 2021 were £16,187 these are relating to our Primary care work and our University Teams for the 2021-22 academic year.

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 £136,788 with all of this held in securities managed on our behalf by investment managers Rathbones. 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.

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CoppaFeel Trustees’ Annual report

CoppaFeel! Trading

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

In 2021 it achieved income of £568,523 and net profit of £552,715 All profits generated by CoppaFeel! Trading Limited are donated to CoppaFeel!

This was a higher profit compared to 2020 due to the impact of planned partnership income paid into the trading subsidiary .

For 2022 we anticipated further income growth into the trading subsidiary on the basis of an increased value of a key corporate partnership.

Declaration

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

Signed on behalf of the charity’s trustees on 20th June 2022

Dr Shivani Sharma

Chair of the Board

GET IN TOUCH

CoppaFeel!

Unit 4, Bickels Yard, 151 - 153 Bermondsey Street, London, SE1 3HA

Email: team@coppafeel.org

Tel: 0207 407 0398 Facebook: coppafeel.org

Twitter: @CoppaFeelPeople

Instagram: @coppafeelpeople

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25

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 2021 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:

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.

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CoppaFeel Independent Auditor’s Report to the Members of CoppaFeel

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:

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:

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

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Independent Auditor’s Report to the Members of CoppaFeel

CoppaFeel

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 non-compliance with laws and regulations, our procedures included the following:

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CoppaFeel

Independent Auditor’s Report to the Members of CoppaFeel

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) 14 July 2022 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

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CoppaFeel

Consolidated Statement of Financial Activities (including consolidated income and expenditure) for the year ended 31 December 2021

Unrestricted
Restricted
Total
Total
2021 2021 2021 2020
Notes £
£
£
£
Income from:
Donations and legacies
3		 254,276
-
254,276
86,207
Charitable activities
4		 457,206
13,810
471,016
632,122
Funds raised by charity
5		 1,697,595
-
1,697,595
671,385
Trading activities from subsidiary 568,523
-
568,523
240,393
Investments
6		 2,634
-
2,634
2,425
Other income
7		 3,597
-		 3,597
14,674
Total income 2,983,831
13,810		 2,997,641
1,647,206
Expenditure on:
Raising funds
8		 798,296
-
798,696
477,461
Charitable activities
8		 1,093,973
114,065
1,210,038
557,806
Total expenditure 1,894,669 114,065 2,008,734
1,035,267
Net income / (expenditure) before
net gains on investment		 1,089,162
(100,255)
988,907
611,939
Net gains on investments 14 14,985
-
14,985
5,928
Net Income / (Expenditure) for the year 1,106,974
(100,255)
1,003,892
617,867
Transfer between funds (5,016) 5,016 - -
Net movement in funds 1,099,131
(95,239)		 1,003,892
617,867
Reconciliation of funds
Total funds brought forward 21 1,491,526
111,426
1,602,952
985,085
Total funds carried forward 2,590,657
16,187
2,606,844
1,602,952

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 21 to the financial statements.

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CoppaFeel Consolidated and Parent Balance Sheet

as at 31 December 2021

2021 2021 2020 2020
Charity Group Charity
Group
Notes £ £ £
£
Fixed Assets
Tangible assets 13 107,415
107,415
14,750
14,750
Investments 14 136,789
136,788
119,439
119,438
244,204
244,203
134,189
134,188
Current Assets
Debtors 17 1,435,684
1,146,568
563,662
678,137
Cash at bank and in hand 1,046,299
1,360,108
938,785
972,894
2,481,983
2,506,676
1,502,447
1,651,031
Liabilities:
Creditors: Amounts falling due within one year 18 119,343
144,035
33,684
182,267
Net Current Assets 2,362,640
2,362,641
1,468,763
1,468,764
Total Net Assets 2,606,844
2,606,844
1,602,952
1,602,952
Funds:
Restricted income funds 21 16,187 16,187 111,426
111,426
Unrestricted income funds:
Designated funds 21 - -
100,000		 100,000
General funds 21 2,590,657
2,590,657
1,391,526
1,391,526
Total funds 2,606,844
2,606,844
1,602,952
1,602,952

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 20[th] June 2022 and signed on their behalf by:

________

Dr Shivani Sharma

Chair

Company registration number: 06974733

The notes on pages 33 to 44 form part of these financial statements.

Prepared by ExcluServ Ltd

31

CoppaFeel Consolidated Statement of Cash Flows for the year ended 31 December 2021

2021 2020
£ £
Cash flows from operating activities:
Net cash provided by operating activities 494,824 386,673
Cash flows from investing activities:
Purchase of tangible fixed assets (107,879) (11,124)
Payments to acquire investments (2,347) (2,095)
Dividends and interest received 2,634 2,425
Cash movement within investment portfolio (18) (35)
Net cash used in investing activities (107,610) (10,829)
Change in cash and cash equivalents 387,214 375,844
Cash and cash equivalents at beginning of year 972,894 597,050
Cash and cash equivalents at end ofyear 1,360,108 972,894
Reconciliation of net income/(expenditure) to net cash flow from operating activities
2021 2020
£ £
Net income for the reporting period (as per the Statement of Financial
Activities)		 1,003,892
617,867
Adjustments for:
Depreciation charges 15,214
8,779
(Increase) in debtors (468,431)
(352,820)
(Decrease) / Increase in creditors (38,232)
121,199
Dividends and interest received (2,634)
(2,425)
Gain on longterm investment (14,985)
(5,927)
Net cashprovided by operating activities 494,824
386,673

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CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

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 Unit 4 Bickels Yard, 151-153 Bermondsey Street, London, England, SE1 3HA.

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 has been one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. While certain aspects of the charity's income generation has been impacted (for example events) other areas have been developed and strengthened ensuring that the charity has finished 2021 in a strong financial position. The Trustees' view on the impact of Covid 19 is that given the reserves position and ability of the charity to pivot core areas of service delivery , 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.

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.

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CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

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:

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.

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:

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.

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CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

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 Restricted Total
2020 2020 2020
£ £ £
Income from:
Donations and legacies 86,207 -
86,207
Charitable activities 564,964 81,832 632,122
Funds raised by charity 671,385 -
671,385
Trading activities from subsidiary 240,393 -
240,393
Investments 2,425 -
2,425
Other income 14,674 - 14,674
Total income 1,580,048 81,832 1,647,206
Expenditure on:
Raising funds 477,461 -
477,461
Charitable activities 511,742 46,064 557,806
Total expenditure 989,203 46,064 1,035,267
Net income before net gains on investment 576,171 35,768 611,939
Net gains on investments 5,928 -
5,928
Net Income for the year 582,099 35,768 617,867
Net movement in funds 582,099 35,768 617,867
Reconciliation of funds
Total funds brought forward 909,427 75,658 985,085
Total funds carried forward 1,491,526 111,426 1,602,952

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CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

3) Income from donations and legacies

3)Income from donations and legacies
Unrestricted Restricted 2021 Total 2020 Total
£ £ £ £
Grants and donations 120,742 -
120,742		 86,207
Gifts in kind 133,534 - 133,534 -
254,276 -
254,276		 86,207

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

The gifts in kind relate to pro bono services provided for advertising and media services.

4) Income from charitable activities

4)Income from charitable activities
Unrestricted
Restricted
2021 Total
2020 Total
£
£
£
£
Grants 10,500
13,810
24,310
80,000
Corporate partnerships 446,706
-
446,706
552,122
457,206
13,810
471,016
632,122

Income from charitable activities in the prior year was £632,122 of which £81,832 was attributable to restricted and £564,964 was attributable to unrestricted funds.

5) Funds raised by the charity

5)Funds raised by the charity
Unrestricted Restricted 2021 Total 2020 Total
£ £ £ £
Merchandise sales 5,051 - 5,051 8,733
Fundraising events 1,669,488 - 1,669,488 662,652
Lottery income 23,056 - 23,056 -
1,697,595 - 1,697,595 671,385

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

6) Income from investments

6)Income from investments
Unrestricted Restricted 2021 Total 2020 Total
£ £ £ £
Bank interest 16 - 16 138
Income from long term investments 2,618 - 2,618 2,287
2,634 - **2,634 ** 2,425

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

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CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

7) Other Income

7 )Other Income
Unrestricted Restricted 2021 Total
2020 Total
£ £ £
£
HMRC grant-CJRS 3,597 - 3,597
14,674
3,597 - 3,597
14,674

All other income for the current and prior year is unrestricted.

8) Analysis of expenditure (current year)

Raising
funds		 Charitable
activities		 Governanc
e costs		 Support
costs		 2021 Total 2020 Total
£ £ £ £ £ £
Staff Costs (note 10) 338,778 308,856 65,829 67,504 780,967 628,381
Costs of goods sold 1,225 -
-
720		 1,945 3,252
Fundraising costs 275,280 -
-
3,836		 279,116 39,093
Subsidiary fundraising costs 5,554 -
-
-
5,554		 1,893
Charitable activities direct costs -
659,374		 -
17,568		 676,942 170,944
Staff related costs -
-
-
27,087		 27,087 17,499
Premises costs -
-
-
107,813		 107,813 36,376
IT & telephone costs -
-
-
24,218		 24,218 17,409
Other office costs -
-
-
12,143		 12,143 25,194
Professional fees -
-
10,140		 63,162 73,302 83,374
Depreciation -
-
-
15,214		 15,214 8,779
Bank Charges -
-
1,733		 -
1,733		 2,880
Other - - 2,700 - 2,700 193
Total 620,837 968,230 80,402 339,265 2,008,734 1,035,267
Support costs 143,784 195,481 - (339,265) - -
Governance costs 34,075 46,327 (80,402) - - -
Total expenditure 2021 798,696 1,210,038 -
-
**2,008,734 **		 1,035,267
Totalexpenditure2020 633,451 967,592 -
-
1,601,043		 1,601,043

* Allocation of support costs is based on staff time.

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CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

Analysis of expenditure (prior year)

Raising
funds		 Charitable
activities		 Governanc
e costs		 Support
costs		 2020 Total 2019 Total
£ £ £ £ £ £
Staff Costs (note 10) 277,776 254,929 66,432 29,244 628,381 480,017
Costs of goods sold 2,478 - - 774 3,252 7,583
Fundraising costs 38,936 - - 157 39,093 274,455
Subsidiary fundraising costs 1,893 - - - 1,893 4,946
Charitable activities direct
costs - 163,934 - 7,010 170,944 586,838
Staff related costs - - - 17,499 17,499 8,005
Premises costs - - - 36,376 36,376 58,196
IT & telephone costs - - - 17,409 17,409 22,448
Other office costs - - - 25,194 25,194 54,747
Professional fees - - 10,180 73,194 83,374 84,696
Depreciation - 2,961 - 5,818 8,779 17,150
Bank Charges - - 2,880 - 2,880 1,503
Other - - 193 - 193 459
Total 321,083 421,824 79,685 212,675 1,035,267 1,601,043
Support costs 113,756 98,919 - (212,675) - -
Governance costs 42,622 37,063 (79,685) - - -
Total expenditure 2020 **477,461 ** 557,806 - - **1,035,267 **
Totalexpenditure2019 633,451 967,592 -
-		 1,601,043
9) Net income for the year
9) Net income for the year
This is stated after charging: 2021 2020
£ £
Depreciation 15,214 8,778
Operating lease rentals:
Property 59,896 27,735
Auditors' remuneration (excluding VAT):
Audit 9,400 8,500

Prepared by ExcluServ Ltd

38

CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

10) Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Payroll Details: 2021 2020
£ £
Salaries and wages 694,616 562,321
Social security costs 70,342 53,145
Employer's contribution to defined contribution pension schemes 16,009 12,915
780,967 628,381

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

2021
2020
£60,000 - £69,999 -
1
£70,000-£79,999 1
-
-
1

The total employee benefits including pension contributions of the key management personnel (CEO, Director of Fundraising, Director of Business Support and Education and Health Comms Director) were £282,279 (2020: £253,013).

The charity trustees were not paid nor received any other benefits from employment with the charity in the year (2020: £nil).

No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs relating to attendance at meetings of the trustees totalling £240 (2020: £nil). No trustees were reimbursed during the current year (2020: £nil).

Staff Numbers 2021
2020
Number
Number
Raising funds 7.80
7.89
Charitable Activities 8.48
7.23
Support 2.17
0.95
Governance 1.05
1.18
19.50
17.25

11) Related party transactions

There are no related party transactions to disclose for 2021 (2020: none) other than as disclosed in Note 10 and 15.

12) 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

39

CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

13) Tangible fixed assets

Group and charity Leasehold
Improvements		 Computer
Equipment		 Motor
Vehicles		 Office
Furniture		 Total
£ £ £ £ £
Cost
At 1 January 2021 -
28,893
39,672
1,746
70,311
Additions 58,970
2,356
-
46,553
107,879
Disposals - (4,116)
-		 (1,746)
(5,862)
At 31 December 2021 58,970 27,133 39,672
46,553		 172,328
Accumulated depreciation
At 1 January 2021 -
14,543
39,672
1,346
55,561
Depreciation 4,695
7,209
-
3,310
15,214
Disposals - (4,116)
-		 (1,746)
(5,862)
At 31 December 2021 4,695 17,636 39,672
2,910		 64,913
**Net Book value: **
As at 31 December 2021 -
14,350		 -
400		 14,750
As at 31 December 2020 54,275 9,497
-
43,643		 107,415

All the above assets are used for charitable purposes.

14) Investments

14)Investments 14)Investments
Charity Group
Charity		 Group
2021 2021 2020 2020
£ £ £ £
Investments held:
Fair value at the start of the year
119,364
119,364
111,342
111,342
Additions at cost
2,347
2,347
2,095
2,095
Net gainonchangein fair value
14,985		 14,985 5,928 5,928
Listed and mixed investments
136,696
136,696
119,364
119,364
Cash held for reinvestment
92
92
74
74
Investment in subsidiary
1
-		 1
-
Fair value at the end ofthe year
136,789		 136,788 119,439 119,438
Historic cost at 31 December 2020
105,253		 105,252
105,253		 105,252
Fair value of listed and mixed investments comprises:
Rathbones - Unit Trust Mngt - Core Investment Fund
For Charities		 136,696
136,696
119,364
119,364
136,696 136,696 119,364
119,364

The investments were last valued on 31 December 2021 by Rathbone Investment Management Limited.

Prepared by ExcluServ Ltd

40

CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

15) 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 Unit 4 Bickels Yard, 151-153 Bermondsey Street, London, England, SE1 3HA.

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.

There are no trustees on the board of the Trading Subsidiary. There will be an appointment made in 2022.

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

2021 Total
2020 Total
Profit and Loss £
£
Turnover 568,523
240,393
Costs of sales (5,554)
(1,893)
Gross profit 562,969
238,500
Administrative expenses (10,254)
(7,102)
Profit on ordinary activities before taxation 552,715
231,398
Taxation on profit on ordinary activities -
-
**Profit for the financial year ** 552,715
231,398
Retained earnings
Total retained earnings brought forward -
-
Profit for the financial year 552,715
231,398
DistributionunderGiftAid to parent charity (552,715)
(231,398)
Total retained earnings carried forward -
-
The aggregate of the assets, liabilities and reserves was:

Assets		 617,416
251,245
Liabilities (617,415)
(251,244)
Net Assets 1
1

16) Parent charity

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

2021 2020
£ £
Gross income 3,007,072 1,651,241
Result for the year 1,003,892 617,867

Prepared by ExcluServ Ltd

41

CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

17) Debtors

17)Debtors
Charity Group Charity Group
2021 2021 2020 2020
£ £ £ £
Trade debtors 1,143,382 683,575 291,357 277,095
Prepayments 18,064 18,064 5,433 5,433
Accrued income 211,730 422,429 258,904 389,134
Other debtors 22,500 22,500 6,475 6,475
Amounts owed from subsidiary 40,008 - 1,493 -
**1,435,684 ** 1,146,568 563,662 678,137

18) Creditors: amounts falling due within one year

Charity Group Charity Group
2021 2021 2020 2020
£ £ £ £
Trade creditors 37,069 47,359 6,589 144,182
Taxation and social security 35,499 49,873 2,478 13,468
Deferred income (note 19) -
-
-
-
Accruals & other creditors 27,280 27,308 24,617 24,617
Provision for bad debts 19,495 19,495 - -
119,343 144,035 33,684 182,267

19) Deferred Income

19)Deferred Income
Charity Group Charity Group
2021 2021 2020 2020
£ £ £ £
Balance as at 1 January 2021 -
-
2,547
2,547
Additions during the year -
-
-
-
Amounts released to income - - (2,547)
(2,547)
Balance as at 31 December 2021 -
-
-
-

20) Analysis of net assets between funds (current year)

20)Analysis of net assets between funds (current year)
General Restricted Total 2021
Unrestricted
£ £ £
Fund balances at 31 December 2021 are represented by:
Tangible fixed assets 107,415 -
107,415
Investments 136,788 -
136,788
Net current assets 2,346,454 16,187 2,362,641
2,590,657 16,871 2,606,844

Prepared by ExcluServ Ltd

42

CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

20a) Analysis of net assets between funds (prior year)

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

21) Movement in funds (current year)

At 1
January
2021
Income
Expenditure
Transfers
At 31
December
2021
£
£
£
£
£
Restricted Funds
ICAP 39,306
-
(33,987)
-
5,319
Pink Ribbon 2,120
-
(7,120)
5,000
-
National Lottery 70,000
-
(70,016)
16
-
UBT Grant -
10,980
(2,942)
-
8,038
UBT Leeds -
1,500
-
-
1,500
UBT Birmingham -
1,330
-
-
1,330
Total restricted Funds 111,426
13,810
(114,065)
5,016
16,187
Unrestricted funds
Designated funds: 100,000
-
(100,000)
-
-
General Funds 1,391,526
2,998,816
(1,794,669)
(5,016)
2,590,657
Total unrestricted funds 1,491,526
2,998,816
(1,894,669)
(5,016)
2,590,657
Total Funds 1,602,952
3,012,626
(2,008,734)
-
2,606,844

Purpose of restricted funds

ICAP - Grant was given for the purpose of the Primary Care Activity

Pink Ribbon Foundation - funds projects and provide financial support to UK charities 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 and its early detection and treatment.

National Lottery Funding - Grant for Digital Tool

UBT Grant - Towards the University teams projects for the academic year 2021 and 2022.

UBT Leeds - Towards the Leeds University teams projects for the academic year 2021 and 2022.

UBT Birmingham - Towards the Birmingham University teams projects for the academic year 2021 and 2022.

Prepared by ExcluServ Ltd

43

CoppaFeel Notes to the Consolidated Financial Statements for the year ended 31 December 2021

21a) Movement in funds (prior year)

At 1
January
2020		 Income Expenditure At 31
December
2020
£ £ £ £
Restricted Funds
ICAP 75,658
6,832
(43,184)
39,306
Pink Ribbon -
5,000
(2,880)
2,120
National Lottery - 70,000
-		 70,000
Total restricted Funds 75,658
81,832
(46,064)
111,426
Unrestricted funds
Designated funds 100,000
-
-
100,000
General Funds 809,427
1,571,302
(989,203)
1,391,526
Total unrestricted funds 909,427
1,571,302
(989,203)
1,491,526
Total Funds 985,085 1,653,134
(1,035,267)		 1,602,952

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 Group Charity Group
2021 2021 2020 2020
£ £ £ £
Property:
Less than one year 90,000 90,000 6,675 6,675
Two to five years 90,000 90,000 - -
180,000 180,000 6,675 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

44