Trustees’ Annual Report for the period
From 01 July 2024 To 30 June 2025
Charity name: The Lollipop Foundation Charity registration number: 1132909
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the Trust are to further such objects or purposes which are exclusively charitable according to the law of England and Wales, in any part of the world and in such manner as the trustees may in their absolute discretion think fit. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
In furtherance of the charity’s objects for the public benefit the trustees provide grants. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the year under review the charity made four grants as follows: • Royal College of Surgeons (Pump Printing) £10,000 • Royal College of Surgeons ( Fellowship Award) £65,000 • Sir Roy Calne Prize for Science £500 • Sir Roy Calne Prize for Art £500 |
Additional information (optional) You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set
Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | In addition to the free reserves the charity has bank balances of £80,579 (2024: £167,446) and investments valued at £2,126,652 within the expendable endowment fund. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks. |
| Amount of reserves held | Para 1.22 | At the end of the reporting period the charity had free reserves of £89,962 (2024: £46,696). |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | No funds in deficit |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other | Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed dated 09 November 2009 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are appointed by the settlors or their survivors of them and subject to this by the trustees from time to time. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | No trustee received any remuneration nor reimbursed any expenses in the year under review. During the year Ludlow Trust Company were paid fees for trust administration services and cash management fees of £13,273 (2024: £14,644). These fees are authorised under clause 6 of the trust deed. |
Other
Reference and Administrative details
| Charity name | The Lollipop Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1132909 |
| Charity’s principal address | Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name Lady Patricia Doreen Calne Susanne Calne Professor Paul Nicholson Ludlow Trust CompanyLimited |
Office (if any) | Office (if any) | Dates acted if not for whole **year ** |
Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|---|---|
| Settlor | ||||||
| Corporate trustees–names of the directors at the date the report was approved Director name Matthew John Wickers Christopher Ian Thurlow Walter Duncan Coxon Gary St John Collins Ali Reza Sarikhani Ziba Christine Sakine Sarikhani John Steven Dennis Resigned (25/10/2024) |
||||||
| Director name | ||||||
| Matthew John Wickers | ||||||
| Christopher Ian Thurlow | ||||||
| Walter Duncan Coxon | ||||||
| Gary St John Collins | ||||||
| Ali Reza Sarikhani | ||||||
| Ziba Christine Sakine Sarikhani |
||||||
| John Steven Dennis | Resigned (25/10/2024) |
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Investment Managers | NatWest Bank Plc | 440 The Strand, London, WC2R 0QS |
| Bankers | NatWest Bank Plc | 440 The Strand, London, WC2R 0QS |
| Accountants | Charter Tax Consulting Limited |
8th Floor, 1 Southampton St, London WC2R 0LR |
| Independent Examiner | James O’Rourke | Blue Spire Limited, Cawley Priory, South Pallant, Chichester, PO19 1SY |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Matthew Winterbottom Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) ~~aee~~ Company Limited (Trustee) Date 06 March 2026 ~~|~~
The Lollipop Foundation 1132909 Receipts and payments accounts For the period Period start date To from 01.07.2024 ~~ee ee ee~~ Section A Receipts and payments
Period end date 30.06.2025
CC16a
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | ||||||||||
| Income from investments | 35,596 | - | - | 35,596 | 51,786 | |||||
| Interest received | 8,823 | - | - | 8,823 | 7,900 | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| Sub total(Gross income for | (Gross income for | |||||||||
| AR) | AR)44,419 | - | - | 44,419 | 59,686 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 1,358,661 1,358,661 1,463,076 - - - - - ~~Sub total~~- - 1,358,661 1,358,661 1,463,076 Total receipts 44,419 - 1,358,661 1,403,080 1,522,762 ~~——————~~ |
||||||||||
| A3 Payments | ||||||||||
| Grants awarded | 76,000 | - | - | 76,000 | 76,000 | |||||
| Investment manager fees(VAT inclusive) | - | - | 9,834 | 9,834 | 8,802 | |||||
| Trust Management fees(VAT inclusive) | 12,953 | - | - | 12,953 | 14,279 | |||||
| Independent Examiners fees | 180 | - | - | 180 | 780 | |||||
| Cash management fee | 320 | - | - | 320 | 365 | |||||
| Accountants fees | 600 | - | - | 600 | - | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| **Sub total ** | 90,053 | - | 9,834 | 99,887 | 100,226 | |||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 1,346,794 1,346,794 1,438,052 - - - - Sub total - - 1,346,794 1,346,794 1,438,052 Total payments 90,053 - 1,356,628 1,446,681 1,538,278 ~~—————~~ |
||||||||||
| Net of receipts/(payments) - 45,634 - 2,033 - 43,601 - 15,516 A5 Transfers between funds 88,900 - 88,900 - - A6 Cash funds last year end 46,696 167,446 214,142 229,658 Cash funds this year end 89,962 - 80,579 170,541 214,142 ~~SS]5554~~ |
CCXX R1 accounts (SS)
06/03/2026
1
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | |||||
|---|---|---|---|---|---|---|
| Categories | Details | funds funds |
funds | |||
| to nearest £ to nearest £ |
to nearest £ | |||||
| B1 Cash funds | - - 80,579 89,962 - - - - - 89,962 - 80,579 Capital account Income account Total cash funds ~~—====~~ |
|||||
| (agree balances with receipts and payments | (agree balances with receipts and payments | |||||
| account(s)) | OK OK |
OK | ||||
| Unrestricted Restricted |
Endowment | |||||
| funds funds |
funds | |||||
| Details | to nearest £ to nearest £ |
to nearest £ | ||||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~===~~ |
|||||
| B3 Investment assets | Fund to which asset belongs Cost (optional) Current value (optional) Endowment - 2,126,652 - - - - - - - - Details Investment portfolio ~~nee~~ |
|||||
| B4 Assets retained for the charity’s own use |
Fund to which asset belongs Cost (optional) Current value (optional) - - - - - - - - - - - - - - - - - - Details ~~mie~~ |
|||||
| Fund to which Amount due |
When due | |||||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
liability relates (optional) (optional) - - - - Date of approval Print Name Matthew Winterbottom on behalf of Ludlow Trust CompanyLimited(Trustee) Signature Details 2 06/03/2026 06 March 2026 ~~——=~~ |
Independent Examiner's Report to the Trustees of The Lollipop Foundation
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2025
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
06 March 2026 James O’Rourke FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY