REGISTERED CHARITY NUMBER: 1141314
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 December 2022
for
Jude Brady Foundation
LBFS Accountants Ltd Woodland Place Hurricane Way Wickford Essex SS11 8YB
Jude Brady Foundation
Contents of the Financial Statements For The Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the trustees | 1 | to |
2 |
| Independent examiner's report | 3 | ||
| Statement of financial activities | 4 | ||
| Balance sheet | 5 | ||
| Notes to the financial statements | 6 | to |
9 |
| Detailed statement of financial activities | 10 |
Jude Brady Foundation
Report of the Trustees For The Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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
The charity's objectives are:
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The relief of sickness and the preservation of health amongst children and young people.
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To provide support and assistance to the families and carers of such children and young people.
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To advance the education of the general public in all areas relating to childhood illness.
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to preserve and protect the health of children and young persons by providing and assisting in the provision of facilities, support services and equipment not normally provided by the statutory authorities.
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To promote or assist in promoting research into causes, incidence and effects of stillbirth or other perinatal or neonatal death and into methods of alleviating suffering arising therefrom and to publish the results of research.
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To promote the health and well-being (whether material or social or mental) of parents affected by the stillbirth or perinatal or neonatal death of their child or children and, where necessary, to relieve or assist in relieving any mental or physical illness suffered by such parents as a result thereof.
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To make grants to other charitable institutions having similar objects as the charity at such times and in such manner as the trustees shall in their discretion think fit.
The policies adopted in furtherance of these objects are to raise funds by means of fundraising events and apply these in accordance with the charity's objectives.
The fundraising events that were held during the year; Andrew Coltart Invitational and Renaissance Golf Day.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The objective for the year was to continue raising funds to enable the charity's objectives to be met.
Achievement and performance
Charitable activities
There were two fundraising events held in 2022 and they were both charity golf days.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Fundraising activities
The charity was formed in 2011 to formalise work previously undertaken by P Brady. Trustees of varying skills were appointed to allow the charity to continue and expand on this work.
Financial review
Financial position
The charity made a surplus in total of (after expenses) of £4,356 (2021: £1,268 deficit) from fundraising events.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity was established by a charitable deed on 16 February 2011. On 8 April 2011 the charity was registered at the Charity Commission under reference number 1141314.
Reference and administrative details
Registered Charity number
1141314
Page 1
Jude Brady Foundation
Report of the Trustees For The Year Ended 31 December 2022
Principal address Ground Floor Unit 8, The Quadrangle Centre The Drift, Nacton Road Ipswich Suffolk IP3 9QR
Trustees
Mrs L Brady P Brady C Day R Wagner A Caulton
Independent Examiner
LBFS Accountants Ltd Woodland Place Hurricane Way Wickford Essex SS11 8YB
Approved by order of the board of trustees on 5[th] October 2023 and signed on its behalf by:
P Brady - Trustee
Page 2
Independent Examiner's Report to the Trustees of Jude Brady Foundation
Independent examiner's report to the trustees of Jude Brady Foundation
I report to the charity trustees on my examination of the accounts of Jude Brady Foundation (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
LBFS Accountants Ltd Woodland Place Hurricane Way Wickford Essex SS11 8YB
5 October 2023
Page 3
Jude Brady Foundation
Statement of Financial Activities For The Year Ended 31 December 2022
| Notes Unrestricted fund £ Restricted fund £ Income and endowments from Donations and legacies 27,592 - Charitable activities Fundraising events 41,605 - Other income - 1 Total 69,197 0 Expenditure on Raising funds 2 40,089 - Charitable activities Fundraising events 11,288 - Total 51,377 - NET INCOME/(EXPENDITURE) 17,820 1 Reconciliation of funds Total funds brought forward 33,552 2,790 Total funds carried forward 51,372 2,791 |
2022 Total funds £ 27,592 41,605 1 69,198 40,089 11,288 51,377 17,821 36,342 54,163 |
2021 Total funds £ 2,718 35,582 0 38,300 36,850 11,883 48,733 (10,433) 46,775 36,342 |
|---|---|---|
The notes form part of these financial statements
Page 4
Jude Brady Foundation
Balance Sheet 31 December 2022
| Notes Unrestricted fund £ Restricted fund £ Current assets Debtors 5 940 110 Prepayments and accrued income - - Cash in hand 51,898 2,681 52,838 2,791 Creditors Amounts falling due within one year 6 (1,466) - Net current assets 51,372 2,791 Total assets less current liabilities 51,372 2,791 NET ASSETS 51,372 2,790 Funds 7 Unrestricted funds Restricted funds Total funds |
2022 Total funds £ 1,050 - 54,579 55,629 (1,466) 54,163 54,163 54,163 51,372 2,791 54,163 |
2021 Total funds £ 2,362 - 35,239 37,601 (1,259) 36,342 36,342 36,342 33,552 2,790 36,342 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 October 2023 and were signed on its behalf by:
P Brady - Trustee
The notes form part of these financial statements
Page 5
Jude Brady Foundation
Notes to the Financial Statements For The Year Ended 31 December 2022
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Taxation
The charity is exempt from 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.
Going concern
At the time of approving the financial statements the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the forseeable future. The Trustees continue to adopt the going concern basis for preparing the financial statements.
2.
Raising funds
Raising donations and legacies
Costs of generating donations Fundraising - cost of events Support costs |
2022 £ 2,214 37,070 805 40,089 |
2021 £ 2,016 34,004 830 36,850 |
|---|---|---|
3.
Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Page 6
continued...
4. Comparatives for the statement of financial activities
Jude Brady Foundation
Notes to the Financial Statements - continued For The Year Ended 31 December 2022
| 4. | Comparatives for the statement of financial activities | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| £ | £ | £ | ||||
| Income and endowments from | ||||||
| Donations and legacies | 2,718 | - | 2,718 | |||
| Charitable activities | ||||||
| Fundraising events | 35,582 | - | 35,582 | |||
| Other income | - | 0 | 0 | |||
| Total | 38,300 | 0 | 38,300 | |||
| Expenditure on | ||||||
| Raising funds | 36,850 | - | 36,850 | |||
| Charitable activities | ||||||
| Fundraising events | 11,883 | - | 11,883 | |||
| Total | 48,733 | - | 48,733 | |||
| NET INCOME/(EXPENDITURE) | (10,433) | 0 | (10,433) | |||
| Reconciliation of funds | ||||||
| Total funds brought forward | 43,985 | 2,790 | 46,775 | |||
| Total funds carried forward | 33,552 | 2,790 | 36,342 | |||
| 5. | Debtors: amounts falling due within one year | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Amounts recoverable on contract | 1,050 | 2,362 | ||||
| 6. | Creditors: amounts falling due within one year | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Trade creditors | 266 | 659 | ||||
| Other creditors | 1,200 | 600 | ||||
| 1,466 | 1,259 | |||||
| 7. | Movement in funds | |||||
| Net | ||||||
| movement | At | |||||
| At 1.1.22 | in funds | 31.12.22 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 33,552 | 17,820 | 51,372 | |||
| Restricted funds | ||||||
| Kim you'll never walk alone | 2,790 | 1 | 2,791 | |||
| TOTAL FUNDS | 36,342 | 17,821 | 54,163 |
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continued...
Jude Brady Foundation
Notes to the Financial Statements - continued For The Year Ended 31 December 2022
7. Movement in funds - continued
Net movement in funds, included in the above are as follows:
| Net movement in funds, included in the above are as follows: | ||||
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 69,197 | (51,377) | 17,820 | |
| Restricted funds | ||||
| Kim you'll never walk alone | 1 | - | 1 | |
| TOTAL FUNDS | 69,198 | (51,377) | 17,821 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 43,985 | (10,433) | 33,552 | |
| Restricted funds | ||||
| Kim you'll never walk alone | 2,790 | - | 2,790 | |
| TOTAL FUNDS | 46,775 | (10,433) | 36,342 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 38,300 | (48,733) | (10,433) | |
| Restricted funds | ||||
| Kim you'll never walk alone | - | - | - | |
| TOTAL FUNDS | 38,300 | (48,733) | (10,433) | |
| A current year 12 months and prior year 12 months combined position is as | follows: | |||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 43,985 | 7,387 | 51,372 | |
| Restricted funds | ||||
| Kim you'll never walk alone | 2,790 | 1 | 2,791 | |
| TOTAL FUNDS | 46,775 | 7,388 | 54,163 |
Page 8
continued...
Jude Brady Foundation
Notes to the Financial Statements - continued
For The Year Ended 31 December 2022
7. 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 | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 107,497 | (100,110) | 7,387 |
| Restricted funds | |||
| Kim you'll never walk alone | 1 | - | 1 |
| TOTAL FUNDS | 107,498 | (100,110) | 7,388 |
8. Related party disclosures
During the year a total of £11,110 (2021: £11,812) was paid to Mutual Media (UK) Limited, a company owned and controlled by the Trustees P Brady and L Brady. These transactions were undertaken on a commercial basis under normal market conditions. At the year end the amount owed to Mutual Media (UK) Limited was £nil (2021: £nil).
Page 9
Jude Brady Foundation
Detailed Statement of Financial Activities For The Year Ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 27,592 | 2,718 |
| Charitable activities | ||
| Fundraising events | 41,605 | 35,582 |
| Other income | ||
| Investments | 1 | - |
| Total incoming resources | 69,198 | 38,300 |
| Expenditure | ||
| Raising donations and legacies | ||
| Costs of generating donations | 2,214 | 2,016 |
| Fundraising - cost of events | 37,070 | 34,004 |
| 39,284 | 36,020 | |
| Support costs | ||
| Other | ||
| Rates and water | 20 | 20 |
| Website costs | 158 | - |
| Printing | 11,110 | 11,813 |
| Sundries | - | 50 |
| 11,288 | 11,882 | |
| Governance costs | ||
| Accountancy and legal fees | 805 | 830 |
| Total resources expended | 51,377 | 48,733 |
| Net expenditure | 17,821 | (10,433) |
This page does not form part of the statutory financial statements
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