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← Coppafeel

2023-12-31-accounts

Report & Consolidated Financial Statements For the Year Ended 31 December 2023

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

CoppaFeel! Trustees Annual Report 2023 // 1

2023 INTRODUCTION

2023 was all about involving more young people in our work, growing our reach with healthcare professionals and making sure our message was front and centre in the lives of 18-24 year olds.

We took time to step back and reflect on our priorities, which involved reviewing the needs of our audience, reflecting on CoppaFeel!’s role and reshaping our Theory of Change to ensure we remain focused and committed to delivering our mission.

CONTENTS

CoppaFeel! Trustees Annual Report 2023 // 2

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 lighthearted, 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

To ensure all breast cancers in young people are diagnosed early and accurately.

CoppaFeel! Trustees Annual Report 2023 // 3

CELEBRATING OUR FOUNDER KRIS

In May 2024 we received the sad news that our founder, boob chief, colleague, friend and queen of glittering turds, Kris, had died.

Kris was the biggest promoter of being ‘alive to do those things’. She approached life in a wildly creative, fun and fearless way, and showed us that it is possible to live life to the full with cancer.

In 2009 Kris was diagnosed with secondary breast cancer at the age of 23, after being turned away from her GP for over a year. By the time she was diagnosed, it was terminal. Kris’ ambition was for no one else to find themselves in her position and so CoppaFeel! was born, to ensure breast cancers are diagnosed early and accurately.

Kris has reached millions of people with her message of health advocacy and empowerment, successfully campaigned for cancer education to be included in the school curriculum, won the Women of the Year Outstanding Young Campaigner award, received an Honorary Doctorate in Public Administration from Nottingham Trent University and wrote a Times Best Selling book: Glittering a Turd.

Kris’ life mission was that CoppaFeel! would no longer need to exist, with late diagnosis of breast cancer eradicated in her lifetime. We are committed to continuing Kris’ legacy, to ensure that everyone has the best chance of living a happy and healthy life.

CoppaFeel! Trustees Annual Report 2023 // 4

CHIEF EXECUTIVE AND CHAIR’S INTRODUCTION SARAH PUGH (CHAIR) & NATALIE HASKELL (CEO)

With your support we achieved a lot in 2023 and have much to be proud of. We want to say a huge thank you to all of our CoppaFeel! supporters who have invested in our work whether that be by giving their time, their expertise, their experience, their tenacity, or with a financial contribution. This year, of any, has felt like we are changing the tires whilst the wheels are in motion. We have been torn between delivering in the now, whilst putting in markers for the future. To allow us to better reach and represent our audience and also to focus on where CoppaFeel! can have the greatest impact.

As we share in this report, we didn’t manage to do everything that we planned, or at the pace we’d intended. We learned that in some areas, we’d been too ambitious within our 5 year strategy. In other areas, we experienced rapid growth and had to play catch up to facilitate our expansion internally and infrastructurally. Recruitment was slower than we’d have liked and it impacted our ambitious awareness raising and service delivery.

We also found it hard to access the direct insights of our audience, especially those experiencing health inequities, which we need to improve our services. Our over stretched resource and challenging and turbulent political landscape made it harder to get the traction and attention needed so that we could lead the way and amplify young people’s voices through our influencing work.

But there were plenty of reasons for optimism.

Sarah Pugh Natalie Haskell Chair CEO

CoppaFeel! Trustees Annual Report 2023 // 5

We made excellent progress in delivering our EDI strategy and our partnership with Amaliah, to reach young Muslim women to dispel the myth that breast cancer is solely an older white woman’s disease, reached more than 2 million people across Instagram and TikTok. We are thrilled that our work to address health inequities has been our greatest reaching, which demonstrates the need for us to scale up our efforts reaching black and South Asian people, who are more likely to be diagnosed at a later stage. We will be continuing to scale up our EDI strategy and further embed our EDI priorities and principles in everything that we do at CoppaFeel!

This year, we were delighted to appoint Sarah Pugh as Chair to the CoppaFeel! Board, and we said a fond farewell and thank you to Dr Penny Kechagioglou.

2024 will see us deliver our new 3-year strategy and the biggest ever annual increase in service delivery, awareness work and work with GPs and Healthcare professionals. We will be changing how we work with our newly established engagement team, ensuring that young people’s voices are driving everything that we do at CoppaFeel! and that their experiences and needs are amplified.

We will improve our impact and accountability by delivering a new impact framework and improve our data collection to learn more than ever about the young people we support – as well as those who aren’t accessing our services and developing interventions to better meet their needs.

CoppaFeel! Trustees Annual Report 2023 // 6

THE THEORY OF CHANGE

As our charity continues to grow and evolve, so must our theory of change model.

We felt it was time to revisit our model to make sure we continue to meet the current needs of young people and identify clear objectives to deliver on our mission. We went back to basics reflecting on the needs of our audience, the context we are working within and the ultimate impact we want to achieve.

Take a look at our refreshed Theory of Change below to see what’s changed…

CoppaFeel! Trustees Annual Report 2023 // 7

OUR 2023 HIGHLIGHTS IN NUMBERS

We are proud of all the success we saw across the charity in 2023, to deliver more material packs, education webinars, checking reminders and engaging content to our audiences. Here’s some of our highlights…

3000+

Health promotion material packs were sent out to teachers, educators, healthcare professionals and workplaces.

224

Our Boobette volunteers delivered 224 stalls/ talks across the UK, sharing their stories and educating others.

1000+

Healthcare professionals signed up to our e-learning course, helping them build confidence and knowledge in patient education around breast cancer.

Over 1.4 million text reminders

were sent throughout 2023 to our growing list of 120,000+ subscribers.

CoppaFeel! Trustees Annual Report 2023 // 8

We recruited 35 Uni Boob 14 cpd accredited After watching our Chest Teams across the UK, who webinars were Checklist video, over hosted over 490 events , delivered to healthcare 150,000 people visited reaching an estimated professionals. our Self-Checkout tool for 35,000 fellow students guidance on self-checking. on campuses.

2 million+ saw our checking message

CoppaFeel! branded ‘Check Your Chest’ vinyl stickers on the bathroom mirrors of the Love Island villa to show the nation the importance of checking their chests.

The broadcast highlight was the Love Island launch episode which had 2m+ viewers and featured the CF! branding and chest checking message in the opening scene on the first episode.

CoppaFeel! Trustees Annual Report 2023 // 9

ENCOURAGE

what we SAID

Engaging educators and healthcare professionals will continue to be central to the delivery of our message.

WHAT WE DID: HEALTHCARE WEBINARS

We wanted to establish CoppaFeel! as a trusted and reliable source of breast health information amongst healthcare professionals, building their confidence enabling them to talk to their patients about breast health.

The aim was to do this by providing another series of scheduled breast awareness webinars for healthcare professionals, to educate them on breast health/awareness and build their knowledge and confidence with health promotion. We had 300 webinar attendees across the year.

HEALTHCARE E-LEARNING MODULE

We promoted our healthcare professional e-learning module to encourage more engagement with our message amongst this audience. We also secured a spot for the resource on the NHS Learning platform to make it more accessible to them.

CoppaFeel! Trustees Annual Report 2023 // 10

EDUCATE

what we SAID

Involving young people in the design and delivery of our services will ensure that our offer remains relatable, and outcome focused.

WHAT WE DID: COPPAFEEL! CHALLENGE

We ran a pilot in October to set a challenge to pupils from two different schools, Tipshelf Community School in Derbyshire and Newham Sixth Form College in London Borough of Newham. The challenge was to educate their peers about breast cancer and signpost people to our Self-Checkout web app.

In total, the pilot reached over 2800 students, with 820 new users to the self-checkout and over 1,135 sessions. But most importantly, we engaged young people in our work to help inform the development of our services.

BEFORE I DID THE COPPAFEEL! CHALLENGE, I DIDN’T KNOW MEN COULD GET BREAST CANCER.

Male student, CoppaFeel! Challenge Member

STUDENT ACTIVITY WITH DIG IN

During Freshers (student welcome week in September), we worked with Dig In to deliver 104,380 shower hangers to students across the country. Using data from the Higher Education Statistics Agency (HESA) we specifically targeted universities with the most diverse range of students, looking at ethnicity and disability.

Following our distribution of shower hangers, we also worked with Dig In to survey students about our shower hangers to inform future development. These insights told us that 55% of students think that our shower hangers are designed well and 49% stated that they would display this as a reminder to check their chest.

CoppaFeel! Trustees Annual Report 2023 // 11

EMPOWER

----- Start of picture text -----
what we
SAID
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We will continue to focus programmes and resources on building confidence alongside knowledge.

WHAT WE DID: THE SELF-CHECKOUT

Our one stop shop for all things checking, we launched a new version in the summer to make sure The Self-Checkout continued to build confidence and knowledge amongst young people around self-checking.

In October, 98,672 users accessed the new Self-Checkout, beating our yearly totals for 2021 and 2022 in just one month.

*[51%][ of people felt confident about ] checking themselves after visiting the Self-Checkout web app.

The biggest age categories of users for the month were the under 18 and 18 - 24 demographics, meaning we were increasing reach.

CoppaFeel! Trustees Annual Report 2023 // 12

THE CHEST CHECKLIST

Driven by the need to increase representation and relevance of breast cancer amongst young Black African and Black Caribbean people, CoppaFeel! co-created The Chest Checklist with Black Women Rising. The Chest Checklist is a six-step guide on what to be aware of when checking for signs and symptoms of breast cancer. The content was devised by tapping into routine and self-care moments that would encourage breast checks as a regular, body positive experience.

*[The organic post was one of ] our highest performing pieces, reaching over 1.1 million** accounts on Instagram.

CoppaFeel! Trustees Annual Report 2023 // 13

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

We know after interacting with a CoppaFeel! service:

BUT OUR RESEARCH SHOWS US THAT…

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39 [%] 23 [%]
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54 [%]
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of 18-24s feel there is little chance of getting breast cancer now or in the future.

of 18-24s in the UK are checking themselves monthly.

of 18-24s in the UK are confident to start checking themselves.

Despite knowing our services are supporting young people to become more knowledgeable and confident to start checking, our research shows there is still much more work to be done to drive behaviour change.

We are up to the challenge and will continue to strive for all breast cancers in young people to be diagnosed early and accurately.

CoppaFeel! Trustees Annual Report 2023 // 14

EQUALITY, DIVERSITY AND INCLUSION AT COPPAFEEL!

Our aim is to reach every 18 – 24 year old, however we know there are certain individuals or groups that must be prioritised as they experience worse health outcomes or face barriers to our breast awareness message. We have a responsibility to ensure that our work is intentionally designed with and for marginalised communities if we truly want to empower everyone to get to know their bodies. Therefore, equity, diversity and inclusion is at the heart of our work to ensure quality healthcare and education for all.

Our research shows that the lack of people of colour in breast cancer communications has led to Black and South Asian communities being less likely to believe breast cancer will affect them in the future. This year we worked with our friends Black Women Rising to cocreate a checking video to redress the lack of Black skin representation. The award-winning Chest Checklist video aims to drive awareness and educate Black women on the signs and symptoms of breast cancer, empowering them to

seek medical advice if they notice any unusual changes. We also worked with Amaliah on a digital-forward campaign designed to reach young Muslim women and dispel the myth that breast cancer is solely an older white woman’s disease. This campaign included a billboard in Aldgate designed by young Muslim artists and social content that ran across TikTok and Instagram - this campaign over exceeded its targets and had a reach of over 2 million.

Internally we began writing our second EDI strategy in tandem with our wider organisational strategy so that our EDI work can underpin everything we do. We also became ‘flexified’ meaning that CoppaFeel! have been recognised as one of the most flexible

employers in the UK, according to Flexa.

CoppaFeel! Trustees Annual Report 2023 // 15

OUR FUNDRAISING

CoppaFeel! had a successful year for income generation with 16% growth in 2023 after launching our new fundraising strategy.

We are extremely grateful to our dedicated partners and donors who continue to support our work. CoppaFeel! is committed to fundraising in a way that is legal, honest and open, in line with the Fundraising Regulator and the Code of Fundraising Practice. We have a committed and knowledgeable Fundraising team who go the extra mile to ensure we have conversations with our supporters and fundraisers and we provide them with the guidance, advice and fundraising materials they need. CoppaFeel! does not use any third party agencies and we received no complaints in 2023 about our fundraising practices.

The Tickled Pink partnership with Asda raised £2,398,947 with another brilliant year of fundraising from Asda colleagues customers and suppliers. Our thanks to the Asda team who work tirelessly to ensure vital funds are raised for the work of CoppaFeel! and our Tickled Pink partner charity, Breast Cancer Now.

raised £2,398,947

Tickled Pink was part of Asda’s ‘Together for Ramadan’ campaign which aligns with our mission to spread the message that anyone can be affected by breast cancer. By incorporating the importance of breast checking into communication tailored and relevant to people who observe Ramadan and celebrate Eid, we were able to reach a new community of people with our life-saving message. World food brands donated £50,000 which bolstered the campaign with relevant community social media influencers ensuring the conversation continued out of store.

CoppaFeel! Trustees Annual Report 2023 // 16

In March CoppaFeel! pregnancy booklets launched in over 250 Asda pharmacies across the UK, providing valuable information about changes that might happen to breasts during pregnancy and breastfeeding. In October during Breast Cancer Awareness Month, Asda stores turned pink for ‘The Real Self-Checkout Campaign’ with over 200 products on shelves raising money for Tickled Pink, including Heinz Baked Beans and Warburtons Toastie Loaf.

Marketing Partnership of the Year BUSINESS CHARITY AWARDS

Best Corporate Cause CHARITY FILM AWARDS

The Asda Tickled Pink partnership with CoppaFeel! and Breast Cancer Now won ‘Marketing Partnership of the Year’ at the Business Charity Awards and best ‘Corporate Cause’ at the Charity Film Awards.

In 2023 Avon celebrated the incredible milestone of raising £1,000,000 for CoppaFeel! since the start of our partnership in 2017. Highlights included delivering public speaker training to our Boobettes, raising money through ‘Products That Give Back,’ and raising awareness through collaborative social media campaigns. CoppaFeel! were also invited to take part in ‘Global Avon Live’ during Breast Cancer Awareness Month, sharing the signs and symptoms of breast cancer to staff and partners globally.

In addition to Asda and Avon, we are grateful to our corporate partners last year including Barry M, Boux Avenue, Bravissimo, Curve, Dickies, Emma Bridgewater, Eylure, HECK!, Peloton, Myvitamins, Scribbler, Skinny Tan, and Wild.

CoppaFeel! Trustees Annual Report 2023 // 17

----- Start of picture text -----
Our flagship fundraising for us, and the successful event raised
event, CoppaTrek! with Gi, over £2,700,000 globally, with £191,000
donated to CoppaFeel! from the
reached new heights in the
fundraising event.
French Alps in November,
Celebrating its 10th anniversary, the Hilly
alongside the Hadrian’s
Hundred event organised by CoppaFeel!’s
Wall trekkers in June, and
co-founder Maren returned in 2023.
our annual Alumni Trek.
This two-day cycling event in Cornwall
Giovanna Fletcher, patron covered 100 miles taking in breathtaking
of CoppaFeel! is passionate scenery, beautiful coastal roads and
about chest-checking, quaint fishing villages, as well as the Eden
Project. Thanks to our 48 Hilly Hundred
trekking and spreading
cyclists, over £20,000 was raised for
awareness, and we are beyond
CoppaFeel!
grateful for her continued
Thank you to the many Trusts,
support. CoppaTrek! with Gi
Foundations and Grant makers who
raised £1,053,000 last year, supported our work including Benecare
which is another record Foundation, Walk the Walk, The Souter
breaking year. Charitable Trust, The Oak Foundation and
many more. We are very grateful to the
Thanks to the Jingle Jam, the world’s
many individuals who take on a challenge
biggest gaming event, hundreds of
and organise a fundraising event for
streamers took part in fundraising for
CoppaFeel! and to our many regular
twelve charities, including CoppaFeel!
givers who help make our work possible.
in December. We welcomed FreyzPlayz,
Smajor and SoupforEloise to stream
----- End of picture text -----

CoppaFeel! Trustees Annual Report 2023 // 18

WHAT IS NEXT?

2023 was still a tough year for many, with the effects of the pandemic still being felt across the country, especially in healthcare services. We saw declines in checking behaviours and confidence amongst 18-24 year olds, indicating that our work is needed more than ever.

As we look forward to 2024 we are determined to turn this around and ensure no young person’s life is limited by a late stage breast cancer diagnosis. We have reviewed and refreshed our approach, developing a new three year strategy to reach more young people with our life saving message and to raise vital funds for our growth. Our focus is on investing in innovation of our service delivery, infrastructure, fundraising and our staff, to ensure all breast cancers are diagnosed early. We remain focused on increasing our reach, relevance and impact for all 18-24 year olds in the UK, especially those who we are not currently reaching and those young people who are more likely to be diagnosed late.

A key focus of our strategy is our continued fundraising growth plan, diversification of our income streams and investing in fundraising. Our future plans are ambitious and we hope to grow our income by 50% over the four year period, 2022 until the end of 2026 which will help us to continue our strategy to drive motivated checking amongst 18 - 24 year olds and support the innovation and development of our service delivery over the next four years.

CoppaFeel! Trustees Annual Report 2023 // 19

Within our new strategy, we will continue to evolve our service delivery under four key work streams, they are:

  1. Healthcare Engagement

  2. Health Information and Services

  3. Volunteering

  4. Youth Engagement

2024, will see us transform our education offering to ensure that we develop a new youth engagement approach to include the voices of young people in everything we do. We will also be making changes to our volunteer programmes to ensure they are inclusive, impactful and future proofed. This will involve developing new volunteer roles, to ensure we have various ways that our community can support us to deliver our life saving message. Alongside this, we will also be establishing our first influencing strategy, to ensure we are calling for change amongst healthcare professionals, policy makers and the NHS to make sure young people’s health is prioritised.

In 2024, we will launch our refreshed brand in partnership with Livity and cocreated with young people, for young people. The new assets will include an updated logo and strapline, new suite of graphic furniture, colour palette and bank of images including members from the CoppaFeel! community. The new brand

cements our commitment to reaching younger audiences with each stage of the creative process being tested on the target demographic.

We will fully onboard and see our new probono campaign partnership with creative agency adam&eve come to fruition.

The Love Island partnership will continue to grow with new ideas being discussed to build on the success of the 2023 activity. CoppaFeel! will feature in both the January and June 2024 series.

Dundas will continue to support PR for CoppaTrek! with Gi following the most successful year for trekking PR in 2023.

To support the growing team and to enable our ambitious plans, and to ensure we continue to deliver impact for our beneficiaries, we will continue to develop our people, culture and infrastructure. We will be investing in new roles organisationally, staff learning and development and a new CRM system for our digital transformation project in 2024.

We will continue to diversify our fundraising income, launching new legacy and individual giving campaigns, while growing our successful trekking programme, pitching for more corporate partners and growing our challenge events portfolio. Investment in fundraising is key to our financial sustainability at CoppaFeel! and we will also invest in a Database Manager to support our new CRM system.

CoppaFeel! Trustees Annual Report 2023 // 20

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

Claire McDonald

Michael Atti

Sarah Pugh Chair

Dr Penny Kechagioglou Stepped down 27th November 2023

Kristy Leith

Jane Vinson

Susannah Forland

COMMITTEES OF THE BOARD FINANCE COMMITTEE Michael Atti

Jane Vinson

Susannah Forland

The purpose of the Finance committee is to:

OUR SENIOR MANAGEMENT TEAM Natalie Haskell

Chief Executive

Henrietta Atkinson

Director of Business Support

Sophie Dopierala-Bull

Director of Education and Health Comms

Helen Farrant

Director of Education and Health Comms (Maternity Cover)

Jo Stewart

Fundraising Director

Lindsey Cape

Fundraising Director (Maternity Cover)

Martine O’Donnell Marketing Director

CoppaFeel! Trustees Annual Report 2023 // 21

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:

AUDITORS:

Sayer Vincent LLP 110 Golden Lane London, EC1Y 0TG

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

BOARD EFFECTIVENESS

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 three 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 (nine 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.

CoppaFeel! Trustees Annual Report 2023 // 22

REMUNERATION POLICY

Trustees approve the salary of the CEO and review the organisation pay structure annually. CoppaFeel! salaries are benchmarked annually with the sector and are proportionate to the complexity of each role, and in line with our charitable objectives. CoppaFeel! Is a Living Wage employer.

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

The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

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 currently work with vulnerable people (as defined by law) or 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.

Involving young people in the design and delivery of our work is key to our youth engagement strategy and something our education team will be pursuing more frequently. As a result we have continued to review how we can ensure we meet safeguarding best practice across all levels of the organisation. In 2023, DBS checks were carried out for all of the Board of Trustees, with a review of all roles in the organisation to determine which staff members may also require and be eligible for further DBS checks.

There were 2 safeguarding concerns raised in 2023. Both concerns were assessed and only one concern required us to take further action to report content to a social media company. No further action was required and both cases were closed promptly. Support was offered to colleagues and members of our community involved.

CoppaFeel! Trustees Annual Report 2023 // 23

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. Risks are scored on the basis of likelihood and impact, and mitigations and controls listed alongside.

The Board of Trustees regularly reviews a register of strategic risk. Key risks for the charity are:

People not able to access GP services

The risk of people not being able to get a GP appointment and/ or referral having found a sign or symptom of breast cancer, leading to a later diagnosis.

To mitigate this risk we are creating content on social media, our Medical Advisory Group (the MAG) share FAQs on Instagram. We continue to collaborate with GPs and healthcare providers sharing resources, and stay updated with the weekly NHS cancer program updates. In 2024 we are also developing a clear policy ask as part of our influencing strategy.

Reliance on volunteers to deliver our programs

We are fortunate to have a community of passionate, engaged volunteers who support us in the delivery of key services, in particular the Boobette program and the University Boob Teams. After COVID-19 there has been a reduction in the availability of volunteers to deliver face to face awareness sessions.

To mitigate this risk we are reviewing our volunteering strategy in 2024, and our programmes. In addition we have increased support of our volunteers internally with further resources for volunteer management and training.

We will continue to value, support, and invest in the incredible individuals that deliver our education work and continue to reach young people with our life saving message.

Rapid growth of the organisation The growth of CoppaFeel! over the last three years has provided significant opportunities, however as part of our assessment of risks we recognise that rapid growth could affect our organisation, impacting our ability to deliver all we can for our beneficiaries. To mitigate this risk, we are working with the board and the SMT will be launching a refreshed long-term strategy in 2024. In addition, we are investing in our culture and diversifying the employee base and we continue to review our systems and processes to support a growing organisation with new financial reporting, increased IT support, and HR processes to underpin our team and operations.

CoppaFeel! Trustees Annual Report 2023 // 24

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:

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.

CoppaFeel! Trustees Annual Report 2023 // 25

FINANCIAL REVIEW AND RESULTS FOR 2023

CoppaFeel! had another strong year for income, generating £4,788,235, versus £4,120,651 in 2022. During the year, there was a write-back of funds raised by the Charity totalling £253,372. The charity spent £3,987,890 on our activities (prior year £3,125,358).

57% was spent on our awareness and education work.

43% was spent on the costs of generating income. A key fundraising cost is our overseas treks, which, in addition to income generated, also provide significant awareness of the charity via PR generated for CoppaFeel! and also engages our community of supporters. We strategically invested money in fundraising in 2023 and will continue to do so over the next 3 years as part of our organisational strategy which includes investment in diversification of income generation.

The ratio of expenditure for 2023 has been impacted by the writing off a debt of over £250k from income raised at events in 2021 and 2022 where the funds were not settled to the charity by the event provider. Following an extensive process to attempt to reach settlement with the supplier, the charity was forced to write

off the debts when no resolution was reached. The fundraising expenditure for 2023 includes the value of this write off, which has materially increased the costs for fundraising for the year. (note 8) and as a result the % spent on fundraising is higher than in previous years.

Gifts in Kind have been 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 media value on behalf of the charity (value £119,019)

The charity finishes the year with a surplus of £549,982 and with funds carried over of £4,135,207. The cash position is £2,240,253 (versus 2022 £2,378,347). Funds are accrued at year end from the ASDA partnership.

In 2024 a significant deficit budget (-£898,544) has been approved with investment in volunteering, expanding our areas of work and ensuring our messaging is reaching our target audience through work to refresh the brand. In addition, key areas of infrastructure will be spent on in 2024, including a new digital transformation project and implementation of a new CRM system.

CoppaFeel! Trustees Annual Report 2023 // 26

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.

The board of trustees determine the level of reserves to ensure uninterrupted delivery of the charity’s objectives taking into consideration:

The Trustees have decided that a sufficient level of reserves for the organisation is six months’ costs. Based on the 2024 budget this is £2,628,885.

The reserves policy is reviewed annually, and the free reserves position is reported to the board on a quarterly basis.

The charity currently holds total Free Reserves of £3,591,661 and one restricted reserve (£191,144) . The board designated £ 275k in November 2023 as follows:

Funds have been committed in the 2024 budget to invest in the following areas:

The board have approved the 2024 deficit budget to allow for £900k of reserves to be spent down in the financial year.

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 and manage its cash flow into 2025. 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.

There were no restricted funds carried over from the prior year.

£44,799 of restricted income was spent in 2023 on educational projects at CoppaFeel! At year end restricted funds stood at £191,144, and these funds are planned to be spent down in 2024 in accordance with the funding application.

CoppaFeel! Trustees Annual Report 2023 // 27

INVESTMENT POLICY

CoppaFeel! holds a portion of reserves as investments 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. Fixed asset investments totalled £128,756 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 longterm objective is to exceed inflation with our 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 2023 it achieved income of £787,050 and net profit of £762,726. All profits generated by CoppaFeel! Trading Limited is donated to CoppaFeel! The primary source of the income received by the CoppaFeel! Trading relates to Corporate Partnerships income generated by our partners. We anticipate a similar level of income for the trading subsidiary in 2024.

DECLARATION

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

Signed on behalf of the charity’s trustees

In 2023 the investment gain was £3,009.

Sarah Pugh Chair

GET IN TOUCH CoppaFeel! Unit 4, Bickels Yard, 151 - 153 Bermondsey Street, London, SE1 3HA

Email: team@coppafeel.org | Tel: 0207 407 0398 coppafeel.org @coppafeelpeople

CoppaFeel! Trustees Annual Report 2023 // 28

Independent auditor’s report to the members of CoppaFeel!

CoppaFeel! Trustees Annual Report 2023 // 29

OPINION

We have audited the financial statements of CoppaFeel! (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 December 2023 which comprise the consolidated and parent charitable company statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, 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 group financial statements section of our report. We are independent of the group and parent 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.

CoppaFeel! Trustees Annual Report 2023 // 30

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 group 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 group 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 group 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 group 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:

CoppaFeel! Trustees Annual Report 2023 // 31

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the group and the parent charitable company and their 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 Charities Act 2011 requires us to report to you if, in our opinion:

CoppaFeel! Trustees Annual Report 2023 // 32

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 parent 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 group’s and the parent 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 group or the parent 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 auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with 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.

CoppaFeel! Trustees Annual Report 2023 // 33

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:

CoppaFeel! Trustees Annual Report 2023 // 34

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 144 of the Charities Act 2011 and regulations made under section 154 of that Act. 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 110 Golden Lane, LONDON, EC1Y 0TG

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

CoppaFeel! Trustees Annual Report 2023 // 35

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING CONSOLIDATED INCOME AND EXPENDITURE) FOR THE YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
Unrestricted Restricted Total Total
2023 2023 2023 2022
Notes £ £ £ £
Income from:
Donations and legacies 3 377,712 - 377,712 383,653
Charitable activities 4 345,360 235,923 581,283 415,834
Funds raised by charity 5 3,020,575 - 3,020,575 2,657,123
Trading activities from subsidiary 15 787,050 - 787,050 660,499
Investments 6 14,620 - 14,620 3,242
Other income 7 6,995 - 6,995 300
TOTAL INCOME 4,552,312 235,923 4,788,235 4,120,651
Income write-backs:
Funds raised by the charity 5a (253,372) - (253,372) -
INCOME AFTER WRITE-BACKS 4,298,940 235,923 4,534,863 4,120,651
Expenditure on:
Raising funds 8 1,403,816 - 1,403,816 1,217,471
Charitable activities 8 2,539,295 44,779 2,584,074 1,907,887
TOTAL EXPENDITURE 3,943,111 44,779 3,987,890 3,125,358
Net income / (expenditure)
before net gains / (losses) on 355,829 191,144 546,973 995,293
investment
Net gains / (losses) on
14 3,009 - 3,009 (16,912)
investments
Net Income / (Expenditure) for
358,838 191,144 549,982 978,381
the year
NET MOVEMENT IN FUNDS 358,838 191,144 549,982 978,381
Reconciliation of funds
Total funds brought forward 3,585,225 - 3,585,225 2,606,844
TOTAL FUNDS
20 3,944,063 191,144 4,135,207 3,585,225
CARRIED FORWARD
----- End of picture text -----

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

CoppaFeel! Trustees Annual Report 2023 // 36

CONSOLIDATED AND PARENT BALANCE

AS AT 31 DECEMBER 2023

----- Start of picture text -----
2023 2022
Charity Group Charity Group
Notes £ £ £ £
Fixed Assets
Tangible assets 13 77,402 77,402 101,104 101,104
Investments 14 128,757 128,756 122,524 122,523
206,159 206,158 223,628 223,627
Current Assets
Debtors 17 2,085,195 1,876,967 1,383,595 1,107,575
Cash at bank and in hand 2,025,103 2,240,253 2,089,978 2,378,347
4,110,298 4,117,220 3,473,573 3,485,922
Liabilities:
Creditors: Amounts falling due
18 181,250 188,171 111,976 124,324
within one year
NET CURRENT ASSETS 3,929,048 3,929,049 3,361,597 3,361,598
TOTAL NET ASSETS 4,135,207 4,135,207 3,585,225 3,585,225
Funds:
Restricted income funds 20 191,144 191,144 - -
Unrestricted income funds:
General funds 20 3,669,063 3,669,063 3,585,225 3,585,225
Designated funds 20 275,000 275,000 - -
TOTAL FUNDS 4,135,207 4,135,207 3,585,225 3,585,225
----- End of picture text -----

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:

________ Sarah Pugh, Chair

Company registration number: 06974733 The notes on pages 38-54 form part of these financial statements.

CoppaFeel! Trustees Annual Report 2023 // 37

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
2023 2022
Notes £ £
Cash flows from operating activities:
Net cash provided by operating activities 21 (135,456) 1,045,596
Cash flows from investing activities:
Purchase of tangible fixed assets 13 (14,034) (27,952)
Payments to acquire investments 14 (3,195) (2,648)
Dividends and interest received 6 14,620 3,242
Cash movement within investment portfolio 14 (29) 1
NET CASH USED IN INVESTING ACTIVITIES (2,638) (27,357)
CHANGE IN CASH AND CASH EQUIVALENTS (138,094) 1,018,239
Cash and cash equivalents at beginning of year 2,378,347 1,360,108
CASH AND CASH EQUIVALENTS AT END OF YEAR 2,240,253 2,378,347
----- End of picture text -----

CoppaFeel! Trustees Annual Report 2023 // 38

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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) (effective 1 January 2015) - (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-byline 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.

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.

CoppaFeel! Trustees Annual Report 2023 // 39

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.

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.

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 straightline 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.

CoppaFeel! Trustees Annual Report 2023 // 40

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:

----- Start of picture text -----
|||| |---|---|---| ||[Leasehold improvements ]|3 years| ||[Motor Vehicles ]|3 years| ||[Computer equipment ]|3 years| ||[Office furniture ]|4 years|

----- End of picture text -----

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.

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.

o) Investments in subsidiaries

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

CoppaFeel! Trustees Annual Report 2023 // 41

2) DETAILED COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
Unrestricted Restricted Total
2023 2023 2023
£ £ £
Income from:
Donations and legacies 383,653 - 383,653
Charitable activities 415,834 - 415,834
Funds raised by charity 2,657,123 - 2,657,123
Trading activities from subsidiary 660,499 - 660,499
Investments 3,242 - 3,242
Other income 300 - 300
TOTAL INCOME 4,120,651 - 4,120,651
Expenditure on:
Raising funds 1,217,471 - 1,217,471
Charitable activities 1,891,700 16,187 1,907,887
TOTAL EXPENDITURE 3,109,171 16,187 3,125,358
Net income before net losses on
1,011,480 (16,187) 995,293
investment
NET LOSSES (16,912) - (16,912)
NET INCOME FOR THE YEAR 994,568 (16,187) 978,381
NET MOVEMENT IN FUNDS 994,568 (16,187) 978,381
Reconciliation of funds
Total funds brought forward 2,590,657 16,187 2,606,844
TOTAL FUNDS CARRIED FORWARD 3,585,225 - 3,585,225
----- End of picture text -----

CoppaFeel! Trustees Annual Report 2023 // 42

~~3) INCOME FROM DONATIONS AND LEGACIES~~

----- Start of picture text -----
3) INCOME FROM DONATIONS AND LEGACIES
Total Total
2023 2022
£ £
Grants and donations 258,693 221,992
Gifts in kind 119,019 161,661
377,712 383,653
----- End of picture text -----

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

4) INCOME FROM CHARITABLE ACTIVITIES

----- Start of picture text -----
Total Total
Unrestricted Restricted
2023 2022
£ £ £ £
Grants 31,079 235,923 267,002 17,750
Corporate partnerships 314,281 - 314,281 398,084
345,360 235,923 581,283 415,834
----- End of picture text -----

Income from charitable activities in the prior year was £415,834 which was fully attributable to unrestricted funds.

~~5) FUNDS RAISED BY THE CHARITY~~

----- Start of picture text -----
5) FUNDS RAISED BY THE CHARITY
Total Total
2023 2022
£ £
Merchandise sales 7,058 4,306
Fundraising events 2,921,149 2,539,786
Lottery income 92,368 113,031
3,020,575 2,657,123
----- End of picture text -----

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

Note 5a: Write-backs against funds raised by charity

Total
2023		 Total
2022
£ £
2022 Gala event write off (253,372) -
(253,372) -

Following an extensive effort to recoup funds, this reflects the write off from the income raised at two fundraising gala events in 2021 and 2022 where the donations were not passed over the charity.

CoppaFeel! Trustees Annual Report 2023 // 43

6 ~~)~~ IN ~~CO~~ ME FR ~~O~~ M INVE ~~S~~ TMENT ~~S~~

----- Start of picture text -----
6 ) IN CO ME FR O M INVE S TMENT S Total Total
2023 2022
£ £
Bank interest 11,150 341
Income from long term investments 3,470 2,901
14,620 3,242
----- End of picture text -----

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

7 ~~) O~~ THER IN ~~CO~~ ME

----- Start of picture text -----
7 ) O THER IN CO ME Total Total
2023 2022
£ £
HMRC grant - CJRS - 300
Other income 6,995 -
6,995 300
----- End of picture text -----

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

CoppaFeel! Trustees Annual Report 2023 // 44

8) ANALYSIS OF EXPENDITURE (CURRENT YEAR)

----- Start of picture text -----
Raising Charitable Governance Support Total Total
funds activities costs costs 2023 2022
£ £ £ £ £ £
Staff Costs (note 10) 515,693 674,427 87,474 153,521 1,431,115 1,089,483
Costs of goods sold 8,619 - - - 8,619 3,821
Fundraising costs 494,500 - - 1,416 495,916 400,724
Subsidiary
3,520 - - - 3,520 1,665
fundraising costs
Charitable activities
- 1,410,740 - 31,754 1,442,494 1,168,131
direct costs
Staff related costs - - - 96,561 96,561 88,937
Premises costs - - - 152,219 152,219 135,400
IT & telephone costs - - - 86,684 86,684 57,136
Other office costs - - - 36,217 36,217 26,924
Professional fees - - 16,746 159,378 176,124 113,738
Depreciation - - - 37,737 37,737 34,263
Bank Charges - - 1,746 270 2,016 2,062
Other - - 18,642 26 18,668 3,074
TOTAL 1,022,332 2,085,167 124,608 755,783 3,897,890 3,125,358
Support costs 327,490 428,293 (755,783)
Governance costs 53,994 70,614 (124,608)
TOTAL
1,403,816 2,584,074 - - 3,897,890 3,125,358
EXPENDITURE 2023
Total expenditure
1,217,471 1,907,887 - - 3,125,358
2022
----- End of picture text -----

*Allocation of support costs is based on staff time.

CoppaFeel! Trustees Annual Report 2023 // 45

ANALYSIS OF EXPENDITURE (PRIOR YEAR)

----- Start of picture text -----
Raising Charitable Governance Support Total Total
funds activities costs costs 2023 2022
£ £ £ £ £ £
Staff Costs (note 10) 447,606 420,627 108,707 112,543 1,089,483 780,967
Costs of goods sold 3,561 - - 260 3,821 1,945
Fundraising costs 400,516 - - 208 400,724 279,116
Subsidiary
1,665 - - - 1,665 5,554
fundraising costs
Charitable activities
- 1,145,084 - 23,047 1,168,131 676,942
direct costs
Staff related costs - - - 88,937 88,937 27,087
Premises costs - - - 135,400 135,400 107,813
IT & telephone costs - - - 57,136 57,136 24,218
Other office costs - - - 26,924 26,924 12,143
Professional fees - - 13,244 100,494 113,738 73,302
Depreciation - - - 34,263 34,263 15,214
Bank Charges - - 1,595 467 2,062 1,733
Other - - 3,074 - 3,074 2,700
TOTAL 853,348 1,565,711 126,620 579,679 3,125,358 2,008,734
Support costs 298,846 280,833 (579,679)
Governance costs 65,277 61,343 (126,620)
TOTAL
1,217,471 1,907,887 - - 3,125,358
EXPENDITURE 2022
----- End of picture text -----

9) NET INCOME FOR THE YEAR This is stated after charging:

----- Start of picture text -----
Total Total
2023 2022
£ £
Depreciation 37,737 34,263
Operating lease rentals: Property 96,668 94,899
Auditors' remuneration (excluding VAT): Audit 13,000 10,340
----- End of picture text -----

CoppaFeel! Trustees Annual Report 2023 // 46

10) ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL

----- Start of picture text -----
2023 2022
£ £
Payroll details:
Salaries and wages 1,265,894 968,065
Social security costs 135,902 98,515
Employer's contribution to defined contribution pension schemes 29,319 22,903
1,431,115 1,089,483
----- End of picture text -----

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

----- Start of picture text -----
2023 2022
£ £
£60,000 - £69,999 2 1
£70,000 - £79,999 - -
£80,000 - £89,999 - 1
£90,000 - £99,999 1 -
3 2
----- End of picture text -----

The total employee benefits including pension contributions of the key management personnel (CEO, Director of Fundraising, Director of Marketing, Director of Business Support and Education and Health Comms Director) were £427,838 (2022: £291.018).

The charity trustees were not paid nor received any other benefits from employment with the charity in the year (2022: £nil).

No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

Trustees’ expenses represent the payment or reimbursement of travel and subsistence costs totalling relating to attendance at meetings of the trustees £nil (2022: 1,748 to one trustee).

CoppaFeel! Trustees Annual Report 2023 // 47

----- Start of picture text -----
2023 2022
Number Number
Staff Numbers (average for the year)
Raising funds 11.76 10.99
Charitable Activities 15.38 10.33
Support 3.50 2.76
Governance 2.00 2.67
32.64 26.75
----- End of picture text -----

11) RELATED PARTY TRANSACTIONS

There are no related party transactions to disclose for 2023 (2022: none) other than as disclosed in Note 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.

CoppaFeel! Trustees Annual Report 2023 // 48

13) TANGIBLE FIXED ASSETS

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Leasehold Computer Motor Office
Group and charity Total
Improvements Equipment Vehicles Furniture
£ £ £ £ £
Cost
At 1 January 2023 69,935 33,849 39,672 56,822 200,278
Additions - 14,034 - - 14,034
Disposals - (4,277) (39,672) - (43,949)
AT 31 DECEMBER 2023 69,935 43,606 - 56,822 170,363
Accumulated depreciation
At 1 January 2023 18,316 24,499 39,672 16,687 99,174
Depreciation 13,987 9,544 - 14,205 37,736
Disposals - (4,277) (39,672) - (43,949)
AT 31 DECEMBER 2023 32,303 29,766 - 30,892 92,961
Net Book value:
AS AT 31 DECEMBER 2022 51,619 9,350 - 40,135 101,104
AS AT 31 DECEMBER 2023 37,632 13,840 - 25,930 77,402
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All the above assets are used for charitable purposes.

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14) INVESTMENTS

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Charity Group Charity Group
2023 2023 2022 2022
£ £ £ £
Investments held:
Fair value at the start of the year 122,432 122,432 136,696 136,696
Additions at cost 3,195 3,195 2,648 2,648
Net gain/(loss) on change in fair value 3,009 3,009 (16,912) (16,912)
Listed and mixed investments 128,636 128,636 122,432 122,432
Cash held for reinvestment 120 120 91 91
Investment in subsidiary 1 - 1 -
FAIR VALUE AT THE END OF THE YEAR 128,757 128,756 122,524 122,523
HISTORIC COST AT 31 DECEMBER 2023 105,253 105,252 105,243 105,252
Fair value of listed and mixed
investments comprises:
Rathbones - Unit Trust Mngt - Core Investment
128,636 128,636 122,432 122,432
Fund For Charities
128,636 128,636 122,432 122,432
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The investments were last valued on 31 December 2023 by Rathbone Investment Management Limited.

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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 3 members on the board of the Trading Subsidiary. Simon Finnis, Natalie Haskell and Jane Vinson.

A SUMMARY OF THE RESULTS OF THE SUBSIDIARY IS SHOWN BELOW:

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Total Total
2023 2022
£ £
Profit and Loss
Turnover 787,050 660,499
Costs of sales (3,520) (1,665)
GROSS PROFIT 783,530 658,834
Retained earnings
Total retained earnings brought forward - -
Profit for the financial year 762,726 642,148
Distribution under Gift Aid to parent charity (762,726) (642,148)
TOTAL RETAINED EARNINGS CARRIED FORWARD - -
The aggregate of the assets, liabilities and reserves was:
Assets 804,113 671,987
Liabilities (804,112) (671,986)
NET ASSETS 1 1
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CoppaFeel! Trustees Annual Report 2023 // 51

16) PARENT CHARITY

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

~~follows:~~
2023 2022
£ £
Gross income 4,787,724 4,102,074
Result for the year 549,982 978,381

17) DEBTORS

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Charity Group Charity Group
2023 2023 2022 2022
£ £ £ £
Trade debtors 1,022,540 283,539 867,049 280,754
Prepayments 47,913 47,913 15,324 15,324
Accrued income 978,581 1,523,015 477,918 788,997
Other debtors 22,500 22,500 22,500 22,500
Amounts owed from subsidiary 13,661 - 804 -
2,085,195 1,876,967 1,383,595 1,107,575
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18) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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Charity Group Charity Group
2023 2023 2022 2022
£ £ £ £
Trade creditors 42,938 42,938 43,159 43,159
Taxation and social security 6,145 13,066 3,947 16,295
Accruals & other creditors 132,167 132,167 64,870 64,870
181,250 188,171 111,976 124,324
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CoppaFeel! Trustees Annual Report 2023 // 52

19) ANALYSIS OF NET ASSETS BETWEEN FUNDS (CURRENT YEAR)

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Total
Unrestricted Designated Restricted
2023
£ £ £ £
Fund balances at 31 December 2023
are represented by:
Tangible fixed assets 77,402 - - 77,402
Investments 128,756 - - 128,756
Net current assets 3,462,905 275,000 191,144 3,929,049
3,669,063 275,000 191,144 4,135,207
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19A) ANALYSIS OF NET ASSETS BETWEEN FUNDS (PRIOR YEAR)

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General Total
Restricted
Unrestricted 2022
£ £ £
Fund balances at 31 December 2022 are
represented by:
Tangible fixed assets 101,104 - 101,104
Investments 122,523 - 122,523
Net current assets 3,361,598 - 3,361,598
3,585,225 - 3,585,225
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CoppaFeel! Trustees Annual Report 2023 // 53

20) MOVEMENT IN FUNDS (CURRENT YEAR)

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At 1 Jan At 31 Dec
Income Expenditure Transfers
2023 2023
£ £ £ £ £
Restricted Funds
Souter Charitable Trust - 3,000 (3,000) - -
Benecare Foundation - 16,842 (16,842) - -
The Kilpatrick Fraser
- 2,565 (2,565) - -
Charitable Trust
Walk the Walk - 22,320 (22,320) - -
Jingle Jam - 191,196 (52) - 191,144
TOTAL RESTRICTED FUNDS - 235,923 (44,779) - 191,144
Unrestricted funds
General Funds 3,585,225 4,301,949 (3,943,111) (275,000) 3,669,063
Designated Funds
- - -
Regional outreach 125,000 125,000
- - -
Influencing and policy work 150,000 150,000
TOTAL UNRESTRICTED
3,585,225 4,301.949 (3,943,111) - 3,944,063
FUNDS
TOTAL FUNDS 3,585,225 4,537,872 (3,987,890) - 4,135,207
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PURPOSE OF RESTRICTED FUNDS:

The Souter Charitiable Trust awarded a one-off donation to go towards Educational work at universities across the UK.

The Benecare Foundation awarded a grant towards educational projects at CoppaFeel!

The Kilpatrick Fraser Charitable Trust awarded a grant to fund University teams spreading awareness on campuses in Scotland.

Walk the Walk made a donation to fund university teams and the volunteer project evaluation.

Jingle Jam awarded CoppaFeel! £191k to fund a CoppaFeel! events program to deliver our awareness message face to face, as well as a digital marketing campaign. The funding application covers a new CoppaFeel! branded vehicle, events attendance, and funding for the production and delivery of digital marketing.

PURPOSE OF DESIGNATED FUNDS:

Regional Outreach - support the development of outreach roles in selected regions of the UK.

Influencing and policy work - development of influencing and policy work.

CoppaFeel! Trustees Annual Report 2023 // 54

20B) MOVEMENT IN FUNDS (PRIOR YEAR)

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At 1 Jan At 31 Dec
Income Expenditure Transfers
2022 2022
£ £ £ £ £
Restricted Funds
ICAP 5,319 - (5,319) - -
UBT Grant 8,038 - (8,038) - -
UBT Leeds 1,500 - (1,500) - -
UBT Birmingham 1,330 - (1,330) - -
Total restricted Funds 16,187 - (16,187) - -
TOTAL RESTRICTED FUNDS - 235,923 (44,779) - 191,144
Unrestricted funds
General Funds 2,590,657 4,120,651 (3,126,083) - 3,585,225
TOTAL UNRESTRICTED
2,590,657 4,120,651 (3,126,083) - 3,585,225
FUNDS
TOTAL FUNDS 2,606,844 4,120,651 (3,142,270) - 3,585,225
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21) RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

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2023 2022
£ £
Net income for the reporting period (as per the Statement
549,982 978,381
of Financial Activities)
Adjustments for:
Depreciation charges 37,736 34,263
(Increase) / Decrease in debtors (769,392) 38,993
Increase / (Decrease) in creditors 63,847 (19,711)
Dividends and interest received (14,620) (3,242)
(Gain) / Loss on long-term investment (3,009) 16,912
NET CASH PROVIDED BY OPERATING ACTIVITIES (135,456) 1,045,596
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CoppaFeel! Trustees Annual Report 2023 // 55

22) OPERATING LEASE COMMITMENTS

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

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Charity Group Charity Group
2023 2023 2022 2022
£ £ £ £
Property:
Less than one year 90,000 90,000 90,000 90,000
Two to five years 135,000 135,000 90,000 90,000
225,000 225,000 180,000 180,000
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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.

CoppaFeel! Trustees Annual Report 2023 // 56

Unit 4 Bickels Yard 151-153 Bermondsey Street London SE1 3HA www.coppafeel.org

@coppafeel @coppafeel.org @coppafeelpeople @coppafeel

CoppaFeel! Trustees Annual Report 2023 // 57