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2024-06-30-accounts

REGISTERED COMPANY NUMBER: 07068880 (England and Wales) REGISTERED CHARITY NUMBER: 1136641

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 June 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Statement of Financial Position 7 to 8
Notes to the Financial Statements 9 to 13
Detailed Statement of Financial Activities 14 to 15

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

REPORT OF THE TRUSTEES for the Year Ended 30 June 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims for the Public Benefit

The charity is dedicated to:

The Trustees confirm that in developing the charity's activities and planning for the future, due regard has been given to the public benefit guidance set out by the Charity Commission under section 4 of the Charities Act 2006.

Volunteers

It is acknowledged that the shop and cafe operations are managed by volunteers. Their valuable contributions, while essential, are not quantified within the financial statements.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Establishment and Development of the Charity Venue

Response to COVID-19 Challenges

o A dedicated entrance with a disabled-friendly pathway.

o New insulation, a ceiling upgrade, and central heating installation.

o A reconfigured space split into a modern treatment area (with marble flooring and enhanced sanitary features) and a separate hairdressing/beauty zone.

Investment in Therapy and Equipment

Page 1

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

REPORT OF THE TRUSTEES for the Year Ended 30 June 2024

FINANCIAL REVIEW

Reserves policy

The end of the period saw financial reserves standing at £44,452 (2023 - £56,370).

It is currently the policy of the charity to maintain reserves at a level which equates to approximately 12 months expenditure in order that the charity can continue to function if sources of income decrease.

Principal funding sources

The charity maintains a high local profile with key funding sourced from:

These principal funding sources have supported both day-to-day operations and strategic initiatives during challenging times.

FUTURE PLANS

Expansion and Relocation

o The charity identified Foley House-a large, multi-level building with its own car park in Haverfordwest-as a potential new home. This move is seen as a solution to challenges such as reduced patient access due to the introduction of a pay and display car park.

o The Pembrokeshire County Council has offered Foley House on a 125-year lease at a peppercorn rent of £10 per year, following the signing of Heads of Terms.

Broadening Service Scope

Community Engagement and Fundraising

Governance and Board Changes

o The Trustee Board, responsible for overall charity governance.

o A newly established Advisory Board focused on the renovation and transformation of Foley House.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Adam's Bucketful of Hope Appeal Limited charity was incorporated on 6th November 2009 under the Companies Act 2006 as a private company limited by guarantee (Company Number 07068880). It was also registered as a charity on 29 June 2010 with the Charity Commission for England and Wales (Charity Number 1136641). It is governed by its memorandum and articles amended by resolution on 25 May 2010.

Page 2

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

REPORT OF THE TRUSTEES for the Year Ended 30 June 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

New trustees receive full support and guidance, including comprehensive briefings on legal obligations under charity and company law as well as the operational ethos outlined in the Memorandum and Articles.

Regular interaction between new trustees, existing board members, and key employees ensures a smooth transition and continuity in management.

Induction and training of new trustees

New trustees are briefed on their legal obligations under charity and company law, and the content of the Memorandum and Articles of Association. They are also given the opportunity to meet employees and other trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07068880 (England and Wales)

Registered Charity number

1136641

Registered office

11 Dew Street Haverfordwest Pembrokeshire SA61 1ST

Trustees

Ms E A Tadman (resigned 17.3.24) Mrs P Pool (resigned 1.7.23) Mrs G C E Ferguson - Gardner (resigned 1.7.23) Mrs M H Ross-Harper Mrs M N Hay (resigned 17.3.24) Mrs S J Davies (resigned 17.3.24) Mrs V E J Shaw (resigned 17.3.24) Mrs J K Owen (resigned 17.3.24) Mrs A Palmer (appointed 17.3.24) Mrs R Alderson (appointed 17.3.24) B Baciu (appointed 17.3.24) Mr I Baciu (appointed 17.3.24) Ms F M Dufresnoy (appointed 17.3.24) Ms T Fitzgerald (appointed 17.3.24) Mrs S Harries (appointed 17.3.24) Dr C Bhan (appointed 21.6.24) Dr B Ghoreishi (appointed 21.6.24)

Company Secretary

Ms C Evans-Thomas

Page 3

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

REPORT OF THE TRUSTEES for the Year Ended 30 June 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB

COMMENCEMENT OF ACTIVITIES

Adam Evans-Thomas embarked on a fundraising mission during his fight against leukaemia. His doctor was described as giving a "thimbleful of bad news in a bucketful of hope".

Sadly, Adam died but the charity was formed and his work was continued by his mother together with other volunteers.

The charitable company was incorporated on 6 November 2009 and the charity shop was opened on 1 December 2009.

Prior to incorporation, the group had been actively fundraising for a number of years as an unincorporated entity under the umbrella of the local health board.

ADVISORY BOARD MEMBERS

Mr Michael Daffern Mr Thomas Tudor Mr Simon Hancock Mr Shane Pearce Mr Alan Buckfield Mr James Hunt Ms Rebecka Blentoft Mrs Paula Scourfield

Approved by order of the board of trustees on 19 March 2025 and signed on its behalf by:

Mrs M H Ross-Harper - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

Independent examiner's report to the trustees of Adam's Bucketful of Hope Appeal Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Mr Paul Murray

L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB

Date: .............................................

Page 5

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2024

Unrestricted
Restricted
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
11,090
15,000
Charitable activities
Charity shop & facilities
46,198
-
Investment income
2
3,864
-
Other income
69
-
Total
61,221
15,000
EXPENDITURE ON
Charitable activities
Charity shop & facilities
73,139
15,000
NET INCOME/(EXPENDITURE)
(11,918)
-
RECONCILIATION OF FUNDS
Total funds brought forward
56,370
-
TOTAL FUNDS CARRIED FORWARD
44,452
-
2024
Total
funds
£
26,090
46,198
3,864
69
76,221
88,139
(11,918)
56,370
44,452
2023
Total
funds
£
27,565
48,955
4,800
130
81,450
76,644
4,806
51,564
56,370

The notes form part of these financial statements

Page 6

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

STATEMENT OF FINANCIAL POSITION 30 June 2024

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
5
26,449
-
CURRENT ASSETS
Debtors
6
3,000
-
Cash at bank and in hand
17,073
-
20,073
-
CREDITORS
Amounts falling due within one year
7
(2,070)
-
NET CURRENT ASSETS
18,003
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,452
-
NET ASSETS
44,452
-
FUNDS
8
Unrestricted funds
TOTAL FUNDS
2024
Total
funds
£
26,449
3,000
17,073
20,073
(2,070)
18,003
44,452
44,452
44,452
44,452
2023
Total
funds
£
31,034
-
28,396
28,396
(3,060)
25,336
56,370
56,370
56,370
56,370

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

STATEMENT OF FINANCIAL POSITION - continued 30 June 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 19 March 2025 and were signed on its behalf by:

Mrs M H Ross-Harper - Trustee

The notes form part of these financial statements

Page 8

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 5% on cost Plant and machinery - 15% on reducing balance Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

continued...

Page 9

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2024

2. INVESTMENT INCOME

==> picture [456 x 33] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Rents received|3,864|4,800|

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3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

==> picture [456 x 45] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Depreciation - owned assets|5,074|5,348| |-| |Other operating leases|1,930|

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

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.

5. TANGIBLE FIXED ASSETS

==> picture [456 x 233] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Improvements|Fixtures| |to|Plant and|and|Computer| |property|machinery|fittings|equipment|Totals| |£|£|£|£|£| |COST| |At 1 July 2023|65,289|21,096|17,080|3,556|107,021| |Additions|-|-|-|489|489| |At 30 June 2024|65,289|21,096|17,080|4,045|107,510| |DEPRECIATION| |At 1 July 2023|49,393|10,506|12,630|3,458|75,987| |Charge for year|2,597|1,589|668|220|5,074| |At 30 June 2024|51,990|12,095|13,298|3,678|81,061| |NET BOOK VALUE| |At 30 June 2024|13,299|9,001|3,782|367|26,449| |At 30 June 2023|15,896|10,590|4,450|98|31,034|

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

continued...

Page 10

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 3,000 -
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes 2024
£
750
2023
£
750
Accrued expenses 1,320 2,310
2,070 3,060
8. MOVEMENT IN FUNDS
Net
movement
At 1.7.23
in funds
At
30.6.24
Unrestricted funds £
£
£
General fund 56,370
(11,918)
44,452
TOTAL FUNDS 56,370
(11,918)
44,452
Net movement in funds, included in the above are as follows:
Incoming
Resources
Movement
resources
expended
in funds
Unrestricted funds £
£
£
General fund 61,221
(73,139)
(11,918)
Restricted funds
Moondance 15,000
(15,000)
-
TOTAL FUNDS 76,221
(88,139)
(11,918)

continued...

Page 11

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2024

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£ £ £
Unrestricted funds
General fund 51,564 4,806 56,370
TOTAL FUNDS 51,564 4,806 56,370
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds £ £ £
General fund 69,850 (65,044) 4,806
Restricted funds
Moondance 11,600 (11,600) -
TOTAL FUNDS 81,450 (76,644) 4,806
A current year 12 months and prior year 12 months combined position is as follows:
At 1.7.22 Net
movement
in funds
At
30.6.24
Unrestricted funds £ £ £
General fund 51,564 (7,112) 44,452
TOTAL FUNDS 51,564 (7,112) 44,452

continued...

Page 12

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2024

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 131,071 (138,183) (7,112)
Restricted funds
Moondance 26,600 (26,600) -
TOTAL FUNDS 157,671 (164,783) (7,112)

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.

Page 13

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2024

2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 26,090 27,565
Investment income
Rents received 3,864 4,800
Charitable activities
Grants 7,060 4,593
Sale of donated goods 35,974 38,459
Therapy income 3,164 5,903
Other income 46,198 48,955
Bank interest received - 130
Currency exchange 69 -
69 130
Total incoming resources 76,221 81,450
EXPENDITURE
Charitable activities
Wages 15,000 15,015
Computer and software 1,930 -
Rates and water 510 1,115
Insurance 436 425
Light and heat 5,635 7,385
Telephone 633 2,037
Postage and stationery 223 804
Advertising 17,690 1,617
Sundries 61 196
Repairs & renewals 4,569 9,520
Cleaning 1,893 -
Motor expenses 42 74
Cafe purchases 3,270 2,475
Professional fees 217 100
Therapists 15,225 25,322
Fundraising 159 1,700
Christmas party 1,500 137
Patient wellbeing 5,682 -
Carried forward 74,675 67,922

This page does not form part of the statutory financial statements

Page 14

ADAM'S BUCKETFUL OF HOPE APPEAL LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2024

2024 2023
£ £
Charitable activities
Brought forward 74,675 67,922
Patient Meal Service 1,171 -
Foley House expenses - 1,860
Training 3,250 -
Travelling and subsistence 2,510 -
Depreciation of improvements to property 2,597 2,597
Depreciation of plant & machinery 1,589 1,869
Depreciation of fixtures & fittings 668 785
Depreciation of computer equipment 220 98
Support costs 86,680 75,131
Finance
Penalties and fees 53 -
Bank charges 86 313
Governance costs 139 313
Accountancy fees 1,320 1,200
Total resources expended 88,139 76,644
Net (expenditure)/income (11,918) 4,806

This page does not form part of the statutory financial statements

Page 15