Company No. 07104074 Charity No. 1133313 KATIE PIPER FOUNDATION (a company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CONTENTS Pages Truslees, Report Independent Examiner's Report Statement ol Financial Activities Balance Sheet Statement of Cash Flows Notes to Ihe Financial Statements 13 14 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT- STATUTORY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES Susan Killen Joanne Mackie Jackie Martin Nicola Murphy Ciaran O'Boyle Caryn Owen Katie Piper Nicholas Rudgard Andrea Solield Dr Tim Woodman REGISTERED OFFICE 55 Loudoun Road St John's Wood London NW8 ODL COMPANY NUMBER 07104074 CHARITY NUMBER 1133313 BANKERS HSBC Bank plc 281 Chiswick High Rd W4 4HJ INDEPENDENT EXAMINER Paul Cowham DChA FCA Greenfish Resource Centre 46-50 Oldham Street Manchester M41LE Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Chairs report As a result of challenging post pandemic times during 2021, it was important for trustees and staff to work together identifying plans and priorities for 2022 to create sustainability for the future of The Katie Piper Foundation. During the early part of the 2022 with exlernal support we took time to sense check our fundraising stralegy, re-visit our vision, values and brand and ensure a strong proposition and narrative. This gave a great platform to build on our fundraising strengths and prioritise new areas for growth, whilst utilising a clearer vision and language. This step change would make the importance of the work we do clearer and encourage people to be part of a community impacting the lives of survivors of burns and traumatic scarring. Service delivery Demand for services continued at the high levels seen in 2021. With limited resources available within the rehabilitation delivery team, clear guidelines were needed for admission, planning and discharge to maximise support, especially lor those with the most complex needs. Tele-rehabililation continued to be the lead model to deliver physical and mental heallh support digitally into the home of survivors. Planning slarted towards Ihe end of the year on the re-introduction of face-to-face care and how this could be achieved in partnership with others from 2023 onwards. Finances Following a disappointing year in 2021, a clear and focused plan was needed to ensure financial recovery. During 2022 Ihe short-lerm fundraising strategy was developed, which included maximising on known income streams such as trusts and grants and major donors with timelines to build on and develop other areas such as individual giving. The charity delivered a new donor event at the end of the year, which gave the opportunity to bring togelher those known to us and polenlial new donors to give new income opporlunities for 2023 and beyond. Governance The Board of Trustees remained clear on governance priorities. The full Board, Finance and Governance sub-commitlees continued to meet at regular intervals during the year. Given financial pressures seen in 2021, these remained under close scrutiny with the Board. Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Partnerships The charity conlinued to work in partnership wilh the following organizalions assisiing us in the successful delivery of services io survivors= Fairfield Independent Hospital Farjo Hair Institute Lucinda Ellery Leigh Day Solicitors LPG Endermologie The team conlinued to explore parlnerships and collaborations wilh other heallhcare providers and charities including those within the visible difference sector. Working together 2022 has been a year of reflection and strategy planning for the charity. This resulted in the development ol a new survivor led strategy and a doubling of fundraised income from 2021. Slaff, Irustees and volunteers worked incredibly hard together to achieve this, whilst ensuring that vital support services continued for survivors. I would like to thank the staff team for their passion, determination and commitment and my fellow trustees for ensuring clear and consistent governance. Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Truslees (who are also Ihe directors under company law} present their report and Ihe independently examined financial statements of the charitable company for the year ended 31 December 2022. The statutory information is shown on Page 2. Status The company, number 07104074, is limited by guarantee and has charitable status. The charity registration number is 1133313. It has a Memorandum and Articles of Association as its governing document. CHARITABLE OBJECTS AND AIMS Charitable Objects These are: the relief of sickness and disability- and the relief of those in need by reason of ill health, disability or social or economic disadvanlage Public benefit The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing their aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives of the charity. Who we are In 2008 Katie Piper OBE. survived a brutal acid attack. From this was born a vision. one of treatment that is freely and fairly available to all who need it, to ensure that scars do not limit function. social inclusion and wellbeing. Katie founded. with the support of experts in burns rehabilitation and other survivors, the Foundation in her name. At Ihe charity's hearl is its commitment to work towards a brighter future for all survivors of burns, by advancing UK provision of intensive burns rehabilitalion which brings together burns physiotherapy, scar management, psychotherapy and restoration. What we do We meet a previously unmet need, including smooth triage post-acute care, on to rehabilitation and ongoing care for survivors of burns and traumatic scarring. This kind of care is not available on the NHS, despite it being the essential standard recommended by the British Burn Association's Burn Care Standards120181- Our clinical team has extensive expertise and experience, and all care is evidence- based. We listen to survivors and their families to ensure that lived experience of burns injuries and burns services remain at the forefront of everything we do. Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Kalie Piper Foundation (KPF) Stralegy Plan Performance 2022 2022 saw the final year of the KPF 3-year strategic plan. Despite challenges on increased need for survivor services and changes in income generation during the life of the strategy, KPF were able to make significant progress, below demonstrates achievemenls against our key strategic themes during the year.. Delivery of bespoke and sustainable services." Lives of suNivors and their families were positively impacted during the year: Received 5 referrals from NHS services for rehabilitation. 43 patients supported by our rehabilitation programmes. Conducted 30 pre-assessments. 4 family members benefitted from support sessions. 1,632 hours of physiotherapy, 936 hours of counselling and mental health sessions and 210 hours of advocacy hours were recorded as delivered. The majority of these were 1-1 , with a small proportion delivered to multiple recipients. 1 patient received surgical hair transplants. 18 survivors were supported through new and refreshed hair system replacements and repairs to exisling systems. 4 enquiries a week from people with scars or similar challenges, are treated with great care. They are SLJPPOrted with one-to-one advice and accurate, up- to-date signposting to other services. We have 7 to 10 survivors in urgent need, on our waiting list at any one time. 2 social care teams were trained in how to deliver burns specific care in the home. 2. Further understanding of need and impact to continuously improve the experience of burns survivors." During 2022 we continued to use 5 different 'PROMS' _ Patient Reported Outcome Measures- these are accredited scales for measuring different aspects of a patient's physical andlor psychological stale. The evaluation measures list is- EQ-5D la standardised instrument for use as a measure of health outcome) POSAS ObseNer Scale (The Patient and Observer Scar Assessment Scale V201EN) Brisbane Burn Scar Impact (BBSIP} for Adults CARe (The Cenlre for Appearance Research Evaluation) Patient KPF Experience Evaluation. The outcomes from the measures informed the seNice delivery team on individual patient progress and developments to the structure and delivery of rehabilitation services. Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 To ensure we have sustainable finances." Despite 2021 showing the true impact of Covid on our finances, income increased from £252,476 in 2021 to £547,823 in 2022. The doubling of income came mainly as a result of increased giving from trusts and foundations and major donors and the introduction of a new Chrislmas Carol fundraising event to engage with existing and potential new donors for the charity. EnablerslFoundations- Building and strengthening the charity Commitment to skills and talent.. The staff reduced in size to a core delivery team during the year. The team undertook mandatory and other training and CPD opportunities as funding would allow. This included risk assessments, safe guarding, health and safety, mental health awareness and LPG. Progressive governance." We continue to have a commilted team of trustees who come together to deliver professional and high quality governance, ensuring we deliver on a clear vision and mission. During the year the Board and the Finance, Governance and Remuneration and Nominations sub-committees continued lo provide close scrutiny and strategic support through quarterly meetings and additional trustee and stalf straiegy planning time. Marketing and communications plan.. This area of work has remained with low resource, due to organisational changes but during 2023 this will be addressed following the work compleled on proposilion, narrative and brand. This will allow a clearer focus on needed markeling materials, a revised website and social media content. We have been very grateful to have the support of an external social media manager during 2022 who also supports Katie in her own social media. The abilily to have a unified approach has been very beneficial in building our social media engagemenl. Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Embed survivors, voices and diversity at the heart of our culture.. It is important to us that we truly listen lo survivor feedback and ensure it informs our day-lo-day activity and future strategic planning. During the year we have undertaken the following activities- Vision workshop- June 2022 with 2 SUNivors. Brand workshop- September 2022 with 6 survivors. Strategy workshop- November 2022 with 6 survivors. Moving fOard we continue to work hard to discuss diversity within our trustees and staff team. Katie remains our Truslee Founder, and our Chair, Sue Killen, also has lived experience of rehabilitation. Our services are delivered by a professional team, who combines clinical expertise and specialist knowledge of burns with lived experience. The team is supported by over 25 volunteers including burns suNivors who also provide peer support. Burns Physiotherapist, Catrin, is herself a survivor of burns. Catrin is responsible for delivering digital and hands-on lailored 1-1 physiotherapy programmes and offers a unique impact by demonslrating through her own rehabililation, the power of it. Nexl Steps in Sirategic planning We have now completed the third and final year of the 2019- 2022 strategic plan. There has been a great deal of change and learning over the 3-year period and with this in mind we are now looking at how we create the best focus for the future of the charity. It is always of upmost importance that we ensure survivor voice is at the heart of this work. With this in mind, we have delivered a number of workshops to listen to and understand suNivor views from the perspective of their own experiences of burns care and KPF provision and also what they perceive survivors of the future may need. We have weaved these views into those from staff, trustees and volunteers to deliver a very simple and clear strategy for 2023. It was a unanimous view that given the difficulties experienced during 2021, that a clear and short-lerm strategy was the best approach. Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Safeguarding KPF is committed to safeguarding and ensuring the welfare of adults at risk, and expects all Trustees, employees and volunteers to share this commitment. As such, we have robust safeguarding policies and procedures in place. This includes carrying out disclosure and barring checks as appropriate on those staff members whose roles work directly with vulnerable adults. The new delivery model of digital services has been fully considered in terms of safeguarding. During the reporting period no safeguarding concerns were reported to the Safeguarding Lead. GDPR KPF takes data protection seriously, in 2019 extensive and thorough work was undertaken to finalise our procedures around confidentialily and GDPR. The practical delivery of this work has continued into 2020. All staff members have undertaken training with an external GDPR specialist. The charity does not currently use professional fundraising services, does not engage in telephone fundraising via external agencies, and does not use wealth screening services. No breaches have been reported in 2020. RISK MANAGEMENT The Truslees discuss risks quarterly at the governance sub-committee and as a Board. Major risks are also assessed every 6 months in particular those related to governance and management, operations, finances, external environment and compliance, and are satisfied that systems are in place to mitigate the Foundation's exposure to the major risks in these categories. RESERVES POLICY The charity needs financial resources to achieve its purposes and has to plan for the longer term to ensure continuity. The charity forecasts expenditure based on: Planned activity and the analysis of future needs. The reliability and volatility of income. The need to cover contingencies and the ability to be able to respond to unexpected events or opportunities. The policy has been lo mainlain free reseNes equivalent to 3-6 months unrestricted operaling expenditure. A new policy is being irialled in 2023 that sels a monlhly target for minimum cash reserves, proportionate lo expendilure and staffing levels. Trustees review monthly to assess ability to cover costs. There has been close monitoring of income and expenditure throughout the year by the Chief Executive and the Board of Trustees due to operating below the minimum reseNes of 3 months. Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES Kalie Piper Foundalion is a company limiled by guarantee with no shares. It is managed by a Board of Trustees who currenlly meel four times a year. The Trustees, who are also the Directors for the purpose of company law and who served during the year were.. Susan Killen Joanne Mackie Jackie Martin Nicola Murphy Ciaran O'Boyle Caryn Owen Katie Piper Nicholas Rudgard Andrea Sofield Dr Tim Woodman The Board currently comprises of ten members. The Memorandum and Articles of Association defines that there should not be less than three and not more than len Trustees al any one time, of whom at least Ihree quarters shall be resident in the United Kingdom- a quorum is defined as at leasl 50 % of the total number of Trustees. A Trustee is appoinled by recommendation of the Trustees, or by proposal of a Trustee entitled lo vote at a meeting of the Foundation. Trustees can seNe for iwo terms of three years with the option of serving an additional term and an overall review at nine years, service. When a vacancy on the Board arises, Trustees will consider suitable Individuals for this appointment and make recommendations to the Board. Having short-listed a suitable candidate, two Trustees will interview them to confirm their commitment to the work of the Foundation and their ability to fulfil the duties of a Trustee. Provided they meet these criteria the Chair will send them a copy of the Foundation Constitution and the relevant Charity Commission Information (ref CC3} on Trustee responsibilities and will extend an invitation to attend the next Trustees, meeting as a guest. KPF believes it is important lo have transparency in decision-making and Trustees are required to declare conflicls to the Board as per Ihe requiremenls of the conflicls of inlerest policy. io Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
KATIE PIPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES, RESPONSIBILITIES Company and charity law requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of Ihe charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the Trustees are required to:_ 1 } select suitable accounting policies and then apply them consistently. 2} make judgements and estimates that are reasonable and prudent. 3} prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. INDEPENDENT EXAMINER Paul Cowham offers himself for reappointment as Independent Examiner to the charity at the forthcoming AGM. SMALL COMPANY EXEMPTIONS This report has been prepared and delivered in accordance with the provisions in Part 15 of Companies Act 2006 applicable to companies subject to the small companies, regime. This report was approved by the board on 13 June 2023 and signed on their behalf. Susan Killen. Chair 2910812023 Date li Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KATIE PIPER FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2022 I report on the accounts of the company for the year ended 31 December 2022 which are set out on pages 13 to 26. Respective responsibilities of trustees and examiner The trustees Iwho are also the directors of the company for the purposes of tompany lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to- examine the account5 under section 145 of the 2011 Act,. to follow the procedure laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act,. and to state whether parkncular matters have come to my attention. Since the Company's gross income exceeds £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Atcountants in England and Wales which is one of the listed bodies. Basis of independent examiner's report My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's ststement In the course of my examination, no matter has come to my attention: 11 which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accoLJnting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met,. or 21to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Pox<l 6o*rfAa Paul Cowham MA FCA DChA Green Fish Resource Centre 46- 50 Oldham Street Manchester M4 ILE 30108123 Dote................... 12 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 December 2022 Unrestricted Restricted Total funds Unrestricted Restricted Total fund5 funds funds 2022 funds funds 2021 Note Income Donations and legacies 323,482 151,401 474,883 83,298 141,127 224,425 Charitable activities 4,462 4,462 6,520 6,520 Other trading artivities fundraising 68,341 68,341 14,923 14,923 Investments 137 137 17 17 other income 6,591 6,591 Total income 396,422 151,401 547,823 111,349 141,127 252,476 Expenditure Raising funds 113,857 113,857 69,889 12,664 82,553 Charitable activities 270,471 130,345 400,816 276,923 160,134 437,057 Total expenditure 384.328 130.345 514,673 346,812 172.798 519,610 Net income/(expenditure) 11 12,094 21,056 33,150 (235,463) (31,671) (267,134) Transfer between funds Net movement in funds for the year 12.094 21.056 33.150 (235,463) (31.671) (267,134) Reconciliation of funds Total funds brought forward (7, 139) 40,195 33,056 228,324 71,866 300, 190 Total funds carried forward 4.955 61.251 66,206 (7,139) 40.195 33,056 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 13 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Company number 7104074 Balance sheet as at 31 December 2022 Note 2022 2021 Fixed assets Tangible assets 16 17,230 Total fixed assets 17.230 Current assets Debtors Cash at bank and in hand 17 1,737 118,228 3,605 55,453 Total current assets 119,965 59,058 Liabilities Creditors.. amounts falling due in less than one yea 18 (53,759) (43,232) Net current assets 66.206 15.826 Total assets less current liabilities 66,206 33,056 Net assets 66,206 33,056 Funds of the charity Restricted income funds 19 Unrestrirted income funds 19 61,251 4,955 40,195 (7,139) Total charity funds 66,206 33,056 For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes on pages 16 to 26 form part of these accoui 3110712023 Approved by the trustees on and signed on their behalf by.. Susan Killen (chair) Name Signed 14 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Statement of Cash Flows for the year ending 31 December 2022 Note 2022 2021 Cash provided by/(used in) operating 21 62,638 (233, 779) Cash flows from investing activities.. Bank interest Proceeds from sale of tangible fixed assets Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments 137 17 Cash provided by/(used in) investing activities 137 17 Cash flows from financing activities.- Repayment of borrowing Cash inflows from new borrowing Cash provided by/(used in) financing activities Increase/(decrease) in cash and cash equivalents in the year 62,775 (233, 762) Cash and cash equivalents at the beginning of the year 55,453 289,215 Cash and cash equivalents at the end of the year 118,228 15 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 Accounting policies The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a 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 l January 20151 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 section IA. Katie Piper Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. b Reconciliation with previous Generally Accepted Accounting Practice In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was required. c Preparation of the accounts on a going concern basis The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. There are no key judgments which the trustees have made which have a significant effect on the accounts. 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 amount of assets and liabilities within the next reporting period. 16 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) d Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and 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 a provision of a specified Service is deferred until the criteria for income recognition are met. e Donated services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item, any condition5 associated with the donated item 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), general volunteer time is not recognised; refer to the trustees, annual report for more information about their contribution. On receipt, donated 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. f Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. thi5 is normally upon notification of the interest paid or payable by the Bank. 17 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) g Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. h 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. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. i Operating leases Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. j Tangible fixed assets Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: Motor vehicles.. Office fixtures and equipment Improvements to premises.. 4 years 4 years 4 years k 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. I 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. m 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. 18 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation
Notes to the accounts for the year ended 31 December 2022 (continued)
N Financial instruments
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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
O Pensions
The Katie Piper Foundation operates a work place pension scheme with People's Pensions.
2 Legal status of the charity
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.
3 Income from donations and legacies
| Unrestricted | Restricted | Total 2022 | Unrestcted | Restcted | Ttal 2021 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Donations & grants Gifs in kind |
271,031 52,451 |
151,401 | 422,432 52,451 |
61,820 | 63,056 78,071 |
124,876 78,071 |
| Legacies | 21,478 | 21,478 | ||||
| Total | 323,482 | 151,401 | 474,883 | 83,298 | 141,127 | 224,425 |
4 Income from charitable activities
| Unrestricted | Restricted | Total 2022 | Unrestcted | Restricted | Ttal 2021 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Patient care income | 4,462 | 4,462 | 6,520 | 6,50 | ||
| Total | 4,462 | 4,462 | 6,520 | 6,50 |
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Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) Fundraising and other income Unrestricted Restricted 2022 Unrestricted Restricted 2021 Income from fundraising events Insurance Earned income Other income 65,086 2,500 610 145 65,086 2,500 610 145 14,923 14,923 68,341 68,341 14,923 14,923 All income from fees and trading is unrestricted. Investment income Unrestricted Restricted 2022 2021 Income from bank deposits Dividends received Rent - investment property 137 137 17 137 137 17 All of the charity's investment income arises from money held in interest bearing deposit accounts. Other Income Unrestricted Restricted Total 2022 Unrestricted Restricted Total 2021 HMRC JRS grant 6,591 6,591 Total 6,591 6,591 20 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) Analysis of expenditure on raising funds Unrestricted Restricted Total 2022 Unrestricted Restricted Total 2021 staff costs Fundraising & strategic events Fundraising website costs 55,314 55,314 65,292 65,292 27,281 27,281 1,431 1,431 2,626 2,626 1,016 1,016 Other fundraising costs 28,636 28,636 2,150 12,664 14,814 113,857 113,857 69,889 12,664 82,553 Analysis of expenditure on charitable activities Unrestricted Restricted Total 2022 Unrestricted Restricted Total 2021 Burns rehabilitation Hair restoration Peer support Other services Governance costs 229,833 37,873 265 110,401 18,192 1,752 340,234 56,065 2,017 159, 752 81,698 31,950 90.655 63,907 4,554 618 400 250,407 145,605 36,504 618 3, 923 2,500 2,500 3,523 270,471 130,345 400,816 276,923 160,134 437,057 10 Governance costs Unrestricted Restricted Total 2022 Unrestricted Restricted Total 2021 Independent examination Trustee meeting costs Trustee training Registered office fee 2,500 2,500 3,150 3,150 400 400 373 373 2,500 2,500 3,523 400 3,923 21 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) 11 Net income/{expenditure) for the year This is stated after charging/{crediting)'. 2022 2021 Depreciation Independent examiner's remuneration accountancy independent examination 17,230 17,230 1,000 1,000 1,500 1,650 12 Staff costs Staff costs during the year were as follows.. 2022 2021 Wages and salaries Social security costs Employers pension contributions 208,575 22,446 5,837 258,614 22,225 14,268 236,858 295,107 The following number of employees earned emoluments within the bands shown below: 2022 2021 £60,001 - £70.000 The average number of staff employed during the period was 6.8 (2021: 9.3). The key management personnel of the charity comprise the trustees, the Chief Executive, the head of fundraising and communications and the head of patient services. The total employee benefits of the key management personnel of the charity were £155,469 (2021.. £193,816) 13 Trustee remuneration and expenses, and related party transartions Neither the trustees nor any persons connected with them received any remuneration during the year (2021.. Nil), in addition, no expenses were claimed by the trustees in the year (2021 £nil). Aggregate donations from related parties were £nil (2021= £nil)- There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2021.. nil). 22 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) 14 Government grants 2022 2021 HMRC Job Retention Scheme 6,591 6,591 There were no unfulfilled conditions and contingencies attaching to the grants. 15 Corporation tax The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. 16 Fixed assets: tangible assets Fixtures & equipment Total Cost At I january 2022 Additions Disposals 86,150 86,150 At 31 December 2022 86,150 86,150 Depreciation At I january 2022 Charge for the year Disposals 68,920 17,230 68,920 17,230 At 31 December 2022 86,150 86,150 Net book value At 31 December 2022 At 31 December 2021 17,230 17,230 23 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) 17 Debtors 2022 2021 Trade debtors Other debtors Prepayments 1,269 468 2,155 1,450 1,737 3,605 18 Creditors: amounts falling due within one year 2022 2021 Trade creditors Pension Taxation and social security costs Accruals and deferred income 42,978 761 4,986 5,034 17,028 2,365 16,411 7,428 53,759 43,232 19 Analysis of movements in restricted funds Balance at l January 2022 Balance at 31 December 2022 Income Expenditure Transfers Fixed assets Cadbury D'oyly Carte Saturday Hospital Fund 2022 S Cowell Rainford Trust 2 Rainford Trust 3 Rainford Trust Peer Support Meringhoff 2022 National Lottery Community Fund NPT Trans NPT Trans (AR sal) NPT Trans (JH/CP sal) James Tudor Foundation wtct Foundation 17,230 (17,230) (1,441) (3,110) (14,094) (20,540) (1,175) {833) (1,752) (19,581) (8,000) (2,403) 20,000 3,110 20.000 18,559 5,906 20,540 1,175 5,000 5,000 19,581 9,960 5,000 5,000 25,000 4,167 3,248 1,960 2,597 5,000 19,814 (5,186) (1,250) (33,750) 1,250 33,750 40,195 151,401 (130,345) 61,251 24 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) 18 Restricted funds (continued) Previous reporting period Balance at l January 2020 Balance at 31 December Income Expenditure Transfers Fixed assets Other S Cowell Rainford Trust James Tudor Foundation 34,460 37,406 (17,230) (143,533) (4,460) (3,825) (3,750) 17,230 106,127 25,000 5,000 5,000 20,540 1,175 1,250 71,866 141,127 (172,798) 40,195 19 Analysis of movement in unrestricted funds Balance at l January 2022 Asat31 December 2022 Income Expenditure Transfers General fund (7,139) 396,422 (384,328) 4,955 {7,139) 396,422 (384,328) 4,955 Previous reporting period Balance at l January 2020 Asat31 December 2021 Income Expenditure Transfers General fund 228,324 111,349 (346,812) (7, 139) 228,324 111,349 (346,812) (7,139) 20 Analysis of net assets between funds General fund Designated Restricted funds funds Total Tangible fixed a55etS Net current assets/{liabilities) 4,955 61,251 66,206 Total 4,955 61,251 66,206 25 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a
Katie Piper Foundation Notes to the accounts for the year ended 31 December 2022 (continued) 21 Reconciliation of net movement in funds to net cash flow from operating activities 2022 2021 Net income/(expenditure) for the year Adjustments for: Depreciation charge Loss/{profitl on sale of fixed assets {Gains)/losses on investments Dividends, interest and rents from investments Decrease/(increase) in stock Decrease/(increase) in debtors Increase/(decrease) in creditors 33,150 (267,134) 17,230 17,230 {137) (17) 1,868 10,527 7,080 9,062 Net cash provided by/(used in) 62,638 (233,779) 26 Doc ID.. 9fOd9e722b60bd53a71d18800aef2c5415fa862a