2022-01-31-accounts - Beads of Courage UK

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 1 02 2021 To 31 01 2022

Section A Reference and administration details

Charity name Other names charity is known by BOC UK Registered charity number (if any) 1141987 Charity's principal address 14 Radlow Crescent

Beads of Courage UK

Marston Green Birmingham Postcode B37 7LZ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Kenneth West	Trustee
	Sarah Drummond	Trustee

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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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
Accountant	Andy Brown	Sephton & Company LLP Marston House 5 Elmdon Lane Marston Green Birmingham B37 7DL

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Trust Deed Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted (eg. trust, association, company) Appointed By Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

Appointment of Trustees - All new charity trustees are to be appointed by resolution of the charity trustees. Sarah Drummond (Trustee) also acts as Child Protection Officer and Beads of Courage UK has a written Child Protection governing document. Sarah also runs the oncology Beads of Courage programme on behalf of Children with Cancer UK so is paid by CWC for this. Ken West (Trustee) leads on Awareness Strategy. John Drummond acts as Chairman of the Charity but is not a Trustee. Diane Watt acts as Treasurer and Administrator of the Charity but is not a Trustee. Volunteers Joanne Chadwick, Annabel Chadwick and Angela Mulholland The Charity has entered into formal commercial participator agreements with Linn Events and Recycling and Management Limited. There are formal agreements in place to govern these partnerships. The charity has engaged the services of Sephton & Company LLP, Chartered Certified Accountants to complete an annual independence review of the Charity’s finances. All risks associated with the charity are carefully assessed by the Charity’s

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system Volunteers Joanne Chadwick, Annabel Chadwick and Angela Mulholland and procedures to manage them. The Charity has entered into formal commercial participator agreements with Linn Events and Recycling and Management Limited. There are formal agreements in place to govern these partnerships.

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team. No partnerships are entered into without careful vetting. Any issues that arise within the charity are dealt with on a case by case basis.

Section C Objectives and activities

The Trust was established by a Trust Deed dated 3rd October 2010 to raise awareness of all cancers that affect children, to provide information regarding the signs and symptoms of childhood cancer to parents, teenagers and young adults, to support such other charitable purposes or organisations connected with childhood cancer as the trustees may from time to time determine. The objects were amended and the charity Summary of the objects of the changed its name to Beads of Courage UK. charity set out in its governing document UNDER LICENCE FROM BEADS OF COURAGE INC., BEADS OF COURAGE UK OFFERS EMOTIONAL SUPPORT TO CHILDREN WITH CHRONIC AND SERIOUS ILLNESS BY PROVIDING BEADS OF COURAGE PROGRAMMES TO ONCOLOGY/HAEMATOLOGY, BURNS, CARDIAC, NICU, AND CHRONIC CONDITIONS UNITS THROUGHOUT THE UNITED KINGDOM AND IRELAND. BEADS OF COURAGE RESTORES A CHILD'S SENSE OF SELF WHEN COPING WITH A SERIOUS ILLNESS

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Whilst the Charity continues to promote the signs and symptoms of childhood cancer, the Beads of Courage programme has allowed the charity to also promote the signs and symptoms of other chronic and serious childhood illnesses. The charity continues to promote awareness of many childhood illnesses through its Social Media pages.

The charity continues to engage with parents and young people via its website, Facebook and Twitter applications. Here the charity is able to share its ongoing work. Many families also submit their own family stories with the aim of raising further awareness and profile. We are extremely thankful to the many families who support this initiative as we appreciate it is not easy reliving and sharing their experiences.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

The Covid-19 pandemic continued to impact the charity during the year. Deliveries to UK hospital network did recommence on a slow basis. The charity continued with its decision not to implement new programmes or recommence site visits to hospitals. We continued to support our children, teenagers and young adults through our media channels and offering programme beads to families through post.

Beads of Courage UK continued its partnership with Children with Cancer UK who sponsor the oncology and haematology programmes. With no fundraising opportunities and our commercial partnerships not able to continue, we are extremely grateful for the continued support of Children with Cancer UK without whom, the charity potentially would not have been able to continue providing the level of support.

Our partnership with Children with Cancer UK will allow us to provide more programmes to hospitals who treat children with chronic and serious conditions. We will resume this activity as soon as practically possible. Our aim is to provide every child in the UK with this programme. This is an ambitious target but the Trustees hope the partnership with CWC will be a blue-print towards working with other charities to make this a reality.

Additional details of objectives and activities (Optional information)

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Beads of Courage UK doesn’t provide grants.

You may choose to include further statements, where relevant, about:

Beads of Courage UK has some amazing volunteers who give their time freely to supporting the aims of the charity along with some fantastic fundraisers. We are also extremely grateful to those who take it upon themselves to undertake challenges to raise funds to support the work of Beads of Courage UK and also to the various companies who nominate Beads of Courage UK as recipient of funds that their company’s have raised during the year.

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

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Section D Achievements and erformance p

Summary of the main achievements of the charity during the year

Beads of Courage UK’s main achievement has been maintaining its support for the Beads of Courage programme at a time when donations have reduced significantly, the US exchange rate has remained low and the world has had to deal with a pandemic. Beads of Courage UK receives amazing support from Children with Cancer UK and its volunteers. We have an army of Bead Makers who make our special one of a kind Act of Courage beads and another army of Bead Bag Makers who source material and make and donate bags for our children to keep their special beads. Each bead is hard earned so having somewhere special to keep them is an essential part of the support process offered by Beads of Courage UK.

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Section E Financial review

Brief statement of the charity’s policy on reserves

Brief statement of the Beads of Courage UK continually monitors its financial position. Brexit charity’s policy on reserves and Covid-19 has impacted on the charity's resources due to exchange rate movement of some 25% and no fundraising over the past 12 months. Fortunately, we have the support of Children with Cancer UK who have continued to provide us with the much needed support to continue providing this incredible programme to all children going through cancer treatment. The reduction in donations and Covid-19 pandemic necessitated a change in our focus and we have therefore slowed the introduction of cardiac, chronic and nicu. The charity endeavours to ensure there is sufficient supply to meet the needs of all beads of courage members. We are confident that there are sufficient resources available to fund the Beads of Courage programme for the next 12 months. Donations are down so the charity will need to be mindful of this and Details of any funds materially manage its finances and bead supply purchases carefully over the in deficit coming 12 months.

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);

Beads of Courage UK continually monitors its financial position. The charity partnership with Children with Cancer UK has relieved the financial pressure of reduction in donations. We are confident that there are sufficient resources available to fund the Beads of Courage programme for the next 12 months.

how expenditure has The charity has not worked with its commercial participator, Linn Events over the past 12 months due to ongoing conditions relating to Covid 19
supported the key objectives and has decided to mutually terminate Recycling and Management
of the charity; contract due to Covid 19 risk.
investment policy and objectives including any ethical investment policy adopted.

The Charity engages S&G Management to deliver the programme and training on its behalf.

The charity employs accountancy firm, Sephton and Company LLP to prepare financial information.

Section F Other optional information

Section G Declaration

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

Signed on behalf of the charity’s trustees

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Signature(s)

Full name(s) Diane Watt Position (eg Secretary, Chair, Treasurer/Administrator etc) 7th January 2022

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REGISTERED CHARrrY rwMBER: 1141987 REPORT OFTHE TRUSTEI ES AI¥D UTrIAUDITED FIf4ANCIAL STATEMENTS FOR THE YLIR ENDED 31 JANUARY 21n2 FOR BEADS OF COiJRAGE UK Sephton & CI>EllPally LLP Cbarterd Certified AccoUlltas Marston House 5 E]mdon Lane Matstr>n Green Solihull We5( Midlands B37 7DL

BEADS OFCOURAGE UK coNrEFUS OF THE FINANCIAL STATEI¥IENTS FOR THE YEAR ENDED 31 JANUARY 2022 Page Report oftho T$t$ IDdepeDdent Examlner's RepDrt Statement nf Fioaneial Activities Balance Sheet Notes to the Financial StatetDents Detalled Stkttemettt of Flll#ncl#l A¢tlvltles

EADS OF COURAGE UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2022 The trustees present their report with the financial statements of the charity foT the ye9r ended 31 January 2022. The trustees havc a(k)pied the provisions of AcLountin8 and Rerting by Clwi(ies.. St8te]nenl of Recommended Praetice applicable to charities preparing their ac¢ouDts in accordance wtth tbe Fin8n¢ial ReltIng Standard applicable in the UK and Republic of Ireland (FRS 102) (elTe¢tive l JoJ)uary 2019). ORJECTIVES AND ACTiVrS Objectiv0$ and #lm8 The Ttvst was established by a Trtt Deed dated 3rd (ktober 2010 to raise awareness of all ¢8ncers that 8tYect children, to provide information regarding the sigDS and sytTiPtOrns of childhood canccr to parcnts, teenagers ld young adults, to support such other charitable purp05e5 or or8anisations connected with childhoiMI cancer as the tn]stees may from time to timc detcmiine. The objects w¢r¢ amended and the charily changed its name to Beads of Courage U UNDER LICENCE FROM BEADS OF COURAGE INC., BEADS or COURAGE UK OFFERS EMOTIONAL SUPPORT TO CHILDREN WIT14 CHRONIC AND SERIOUS ILLNE,SS BY PROVIDING BEADS or COUBAGE PROGRAMME.S TO ONCOLOGY/EL4EMATOLOGY, BURNS. CARDIAC. NILU, AND CHEiONIC CONDITIONS UN1'13 I'IIROUGHoirr 114E UNITED KtNGtK)M AND tRELAND. BEADS OF COURAGE RESTORES A CEULD'S SENSE OF SELF WHEN COPING WITH A SEPJOUS ILLNESS Volunteers Joalme Ch8dwick, Amwbel Chadwick, AD8ela Mu]hollalld STRUCIURE, GOVERNANCE AIW MANAGEMCI Nr Governlng documtht Thc charity is controllcd by its govcming documcnl a deed of tn]st and collstitutes &D un]ncoOr&ted charity. REFERENCE AM) ADMINJSTRATIVE DETAILS Re8lStcred Charily Number England and Wales Charity No 1141987 Scot]and Charity No SC044198 Approved by order of the board of trusttts on 21 ]luary 2023 2nd signcd on its bchalf by.. Ms S Dnu)m)ond. Thtee Page I

4DEPfi Tr4D£Kf EXAMINERIS REPORT TO THE TRUSTEES OF BEADS OF COURAGE UK tndependollt examin¢T'$ report to the tr¢$ of B¢ad$ ofcourageUK I pOrt lo the charily tru51c¢s on my examtnation of the accountg. of Beads Of Courage UK (the Tnt) for the year ended 31 January 2022. Rcsponsibili¢i and basis ofrcport As thc chlty trlee5 of the TnLSt yi)u are responsible for the preparntiott of tbe accounts in accothce with th¢ quiretnents olthc chltIeS Act 2011 {'thL Abl.). I Irport in reS£t of my expmtndliort of the Tn]st's accounts carried ollt undcr scction 145 01 the Act and in caTryÉtig out y eXnitiall0n I have FollowLd all appli¢able Directions giv¢n by thc Charity Commission un(kr section 145(5)(bl OF the Act. Independent examlner'5 ststement Since your ¢harity'5 gross incomc cx¢c¢(l¢d £250,000 your examiner ni51 be a mernber of a ]Asted bcdy. I can coiifllm that l am quahfied to w)dertal(e the ewamination becawe l am a re8iStered rnember of FCCA which is one of the list¢d bodie5. I have completed Tny exgmination. I confirnl that no matLYial matters have come to my attentioll in tunnection with the examinaiion giving Ine cause (o believe that in any materiAI resCl.. accounting record8 were not kept in rc5pec( of the Tnjsi as reqiiired by secii<)n 130 of the Act. or the accounts do not accord with those rccords. or the aLcounts do noi cotnply with thc applicable requitEments conceming thc fonD aDd content of accounts set ou¢ in th¢ Charities (Ac¢ounts and Reports) Rcgulations 2008 other ihan any requiremcni that the accollnts give truc and fair vicw which 15 not a matter consid¢rcd as part of an indcpcndent examination. I liave coijcems and liave come dcross otlicr maticis in connerlion wilh thL cxwnÉithliun to which atlcJilii>n slK)iild be drawi) lli dil5 fLpon iii vrdEr Iv thidbltt d pn)pcr underslajiding ofihe dCClMJJits- tu rLdLIKd. Stev FCCA Sephton & Company LLP Chartered Certificd Accountants Marsion House 5 Elmdon Lane Marston Green Solihull West Midlands B37 7DL Page 2

BEADS OF COURAGE UK STATEMENT OF FINANCIAL AcfivITIES FOR THf YEAR ENDED 31 JANUARY 2022 2022 Unrestricted fund 2021 Total fim(b Notes INCONfE AND ENIKIWMENTS ROm DoDatioDS alld legacies 252,235 325,420 ]nveslment income 158 Total 252.235 325.578 EXPEf4DITURE ON Raising funds 161.137 416,IIM NET INCOMEI(EXPFNDITURE) 91.098 (90,526) RECONCILIATION OF FUNDS Total funds brought forward 375,726 466.252 TOTAL Fuf4DS CAIUUED FORWARD 466,824 375,726 Th¢ notes form Wdrt ot these financial 5tatetnents Page 3

BEADS OF COURAC.E UK BALANCF. SHEET 31 JANUARY 2022 2022 Ullrestricted k5Jnd 2021 Tot81 fid5 Notes CURREi¥rr ASSETS Stocks Cash at bank 329.38S 139,119 204.544 172,86? 46&5(M 377,406 CREDITORS Amounts falllllg due within one year 11.680) (1,680} NEI T cuRREr ASSETS 466,824 375,726 TOTAL ASSETS LESS CURRENT LIABILrrIES 466,824 375,726 NET ASSETS 466.824 375.726 UnresOYcted funds 466,824 375,726 TOTAL FUND 466.824 375.726 'Thc financial slaicmenls wcrc apprvved by the Bc)ard of 'lruslee$ and authoriscd for issue on 21 Janiiary 2023 wid were $18iicd on i15 bchall-by.. JsJoi/,2c33 S Dnunmond- Tnle¢ K Weg1- Tntsiee The note5 Fonn part of these fuwicial 5tsteffjeots Page 4

BEADS OFCOiJRAGE UK NOTES TO THE FINANCIAL STATFMF.NTS FOR THF, YF.AR ENDF.D 31.IANUARY 2022 Accouf+rriNG POLICIES Ba5i4 of preparing tbe fiDan¢i81 $tatem¢nts Thc finwicial stat¢m¢tits of the charity, which is a public benefil entily ujider fRS 102, Iiave been prepared in accordauce witb the Charities SORP IFRS 102) 'Ac¢oullling and Reporting by Ch#riiie5'. Stsiemetit of Recomtnended Practice applicable lo ¢]wities preparill8 iheir #ccounis in accordancc with the Financial ReporliDS StstMIard applicable in the UK #nd Republiu of Trelalld (FRS 102) (eifeclive l January 2019),, Financiai R¢iwiing Standard 102 The Fillallcial Rcporting Stat]dard applicable in the UK and liepublic of Irel¥nd' and the CEwiiics Act 2011. The fJnanci81 slatejnents ve been prepated under the histori¢al cost ciwveDIioD. All tneome is reeoguiscd in the Statement of Financiel Actiyiries once the ¢h8rrty has entitlcment to the funds. it is probable that the income will be reeeived 8nd thc amount can be mcasurcd reliably. EXndItsre Liabilities are reco8nised as expendrture as s(x)n as there is a lega] or constructive obligation ¢Ott)mittitig the ctwity io that expenditur4 it 15 probable that a tJ$fer of economic benefits will be qUired in 5eLilement and the amounl ofthe obligation can be mcasurcd rcliably. r.xpenditurc is accounted for on an acGrua15 basis alld I cn classificd der h¢adtn&s th#¢ agsre8alc all c05t relaled io the category. Where costs cannoi be directly attributed to particular headin8s they have been allocated to activities on a basis cunsistent with the use of resources. Stocks Stocks are vafftd at the lower ot cost ]ket rcaltsable value, after making due all¢)wgn¢¢ for obsolete and slow moving ttems. Taxation The ch8Tity is exempt from lax on its chaTi(able activities. Fund getoumting Unrestrictrd funds (xn be used in accordance with the eharitable objeeiives ai the di$eretion of the trllstees. Restricted kimds c8n only be uscd for particular rcstrictcd puEp)scs within the abjects af the Charity. Restriclions risc whcD spccificd by the donor or when funds 8re rnised for particulartestrickd pu4)oses. Further explgnation ofthe n8tttre andPu0C o(each fi]nd 15 tncludcd in the notes lo thc r]nancial staten INVKSTMENT INCOME 2022 221 Interest receivable- trading 158 Page 5 continue(L..

BEADS OFCOURAGE UK I¥OTES TO THE FINAP4CIAL STATEMF.NTS- ¢ontinued FOR THE YEAR ENDED 31 JANUARY 2022 RAISING FUNDS RaisiTrg dona¢ioDs and Iweieg 2022 2021 Support cosis 128,180 124,868 TRUSTEFS, REMUNFRATION Af4D BEf4EFTrs There wete no In]stees' rcmuneratioll or other bellefits Eor tbe year ended 31 January 2022 nor for the year ended 31 Jallary 2021. Trustees, expenses There were no tntslecs, expenses rAid for the year ended 31 January 2022 nor foE the year ended 31 January 2021. srocKS 2022 2021 Finished gwds 329.385 204,544 CRF.DITORS: AMOUPUS FALLINI: I)UF. wmllN ONF. Yfb AR 20?1 Othcr Lredil(Ys 1.680 1,6110 MOVEMENT ll¥ FUI¥DS Nel rnovetnent Ai 3111122 Ai IllQl Unrestrleted fund8 General Fund 375,726 91,098 466,824 TOTAL FUNDS 375,726 91,098 466,824 Nel M¢)ment in fill)(Ls. includcd tD the abovc are 9$ follows.. ITr¢01ng resources RCsoL¢es expended Movcmeni Unrestricted funds General fund 252,235 (161,137) 91.098 TOTAL FUNDS 252235 (161.137) 91.098 Page 6 contioued...

BEADS OF COURAGE UK NOTES TO THE FINANCIAL sfATEMCI Nfs- eontlnued FOR THE YEAR FNDFD 31 JANUARY 2022 MOVEMF.NT IN FUNDS- Continued Comparatives for mov¢ment in fuDd5 Net movement in fw)ds At 3111121 At Ir2r20 Unres¢ricted funds General fid 466,252 (90,526) 375,726 TOTAL FUNDS 466,252 (90,526) 375.726 ComparaÉive net rnoveTnenl in fiRnd5. inch]ded in the above as follows: Incotning resources Resources expellded Movement in fi]nd8 Unrestricted fund$ General fiu)d 325,578 (416,104) (90,526) TOTAL FUM)S 325,578 (416,104) {90,526) REI LATED PARTY DISCLOSURFS TJuste¢ Ms S Dnunmond provides the lull oncolo Beads of Courage servic& paid by Children with Cgm( Page 7

EADS OFCOURAGE UK DETAILID STATEIVIENT OF Fif4ANCIAL A[VrrIF.s FOR THE YEAR ENDED 31 JANUARY 2022 2022 2021 INCOME AI¥D EI¥U)OWMENTS Donatlons and kgacl Donations 252235 325.420 Investment income Interest receiYahle- trdding 158 Total incotlling resouree5 252.235 325,578 EXPENDITURE Otlter trdIng #ctivitles 11)eiiing stock PuTehases Stora8c costs Closing stock 204,544 153,508 4,290 (329,385) 269,202 222288 4,290 (204,5441 32,957 291236 Support costs Man#2ement -[ el¢phoLI¢ I'()sl46*L and siaiionery SiiiithiLs I'l. costs man8¢M¢[ costs. ,177 6,502 562 12,519 101,990 13,236 562 8,835 103,513 126,146 122,750 Finance Bank charges 354 388 Fl)v¢rnonce Costs Accountancy and le8al fee5 1,680 1,730 Total resources expcndcd 161,137 416.104 Net incomeJ(eApenditure) 91,098 (90,526) This page doe5 llot foEm part of tile Statory fingllcial statemcnts Page 8