## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year **From** 1 02 2022 **To** 31 01 2023 ## Section A Reference and administration details **Charity name** Beads of Courage UK **Other names charity is known by** BOC UK **Registered charity number (if any)** 1141987 **Charity's principal address** 14 Radlow Crescent Marston Green Birmingham **Postcode B37 7LZ** Beads of Courage UK ## **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** **TAR** March **2012** 1 ## **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)** You **may choose** to include Appointment of Trustees - All new charity trustees are to be appointed by additional information, where resolution of the charity trustees. relevant, about: • Sarah Drummond (Trustee) also acts as Child Protection Officer and policies and procedures Beads of Courage UK has a written Child Protection governing document. adopted for the induction and Sarah also runs the oncology Beads of Courage programme on behalf of training of trustees; Children with Cancer UK so is paid by CWC for this. - the charity’s organisational structure and any wider network with which the charity works; Ken West (Trustee) leads on Awareness Strategy. John Drummond acts as Chairman of the Charity but is not a Trustee. - relationship with any related parties; Diane Watt acts as Treasurer and Administrator of the Charity but is not a Trustee. - trustees’ consideration of major risks and the system and procedures to manage them. 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 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. **TAR** March **2012** 2 **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 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, Twitter and Instagram 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 **Summary of the main** are extremely thankful to the many families who support this initiative as **activities undertaken for the** we appreciate it is not easy reliving and sharing their experiences. **public benefit in relation to these objects (include within** The charity recommenced site visits with refresher training provided to **this section the statutory** hospitals requiring additional training and implementation of new **declaration that trustees have** programmes. **had regard to the guidance issued by the Charity** Beads of Courage UK continued its partnership with Children with Cancer **Commission on public** UK who sponsor the oncology and haematology programmes. Our **benefit)** commercial partnerships have expired so ongoing support from CWC has been invaluable. 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 have resumed this activity. 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. **TAR** March **2012** 3 ## **Additional details of objectives and activities (Optional information)** Beads of Courage UK doesn’t provide grants. 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. You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. Section D Achievements and performance **TAR** March **2012** 4 ## 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 and the outbreak of war in Europe. 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. This year we have decided to move into an office which also accommodates our bead supply. This will be a game changer for the charity as we are now able to have volunteers on site to help with bead packaging. This will start next year. We have also been discussing introducing the sibling programme into all oncology wards in the UK. **TAR** March **2012** 5 ## **Section E Financial review** ## **Brief statement of the** **Brief statement of the** Beads of Courage UK continually monitors its financial **charity’s policy on reserves** position. 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. There are now plans to introduce the Sibling Programme to all oncology wards throughout the UK. The charity endeavours to ensure there is sufficient supply to meet the needs of all beads of courage members. **Details of any funds materially** We are confident that there are sufficient resources available to fund the **in deficit** Beads of Courage programme for the next 12 months. ## **Further financial review details (Optional information)** You **may choose** to include The Charity continues to engage S&G Management to deliver the additional information, where programme and training on its behalf. relevant about: - the charity’s principal The charity employs accountancy firm, Sephton and Company LLP to sources of funds (including prepare financial information. any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **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** **Signature(s)** **Full name(s)** Diane Watt **Position (eg Secretary, Chair,** Treasurer/Administrator **etc)** **TAR** March **2012** 6 3° July 2024 TAR Mar¢h 2012 Digitally Signed Document Document ID: 581E620F70B464 ## Document Details B563-Charity accounts (final)-AJB-20240904- **Filename:** 110714-249[2009485].PDF **Client of:** Sephton & Co LLP ## Signature Details **Name:** Diane Watt **Email:** diane@bechildcanceraware.org **Date & Time:** 04/09/2024 14:41:03 PM (BST) **IP Address:** 151.225.253.175 Beads Of Courage UK agrees and approves the **Signing Statement:** contents of this document. ## Digital Certificate The approved PDF file has been digitally certified.Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. **On behalf of:** Sephton & Co LLP **PDF digital certificate:** IRIS Software Group Limited **Digital certificate issued by:** GlobalSign Please keep a copy of this document for your records. **REGISTERED CHARITY NUMBER: 1141987** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023** ## **FOR** ## **BEADS OF COURAGE UK** Sephton & Company LLP Chartered Certified Accountants Marston House 5 Elmdon Lane Marston Green Solihull West Midlands B37 7DL **BEADS OF COURAGE UK** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|7| |**Detailed Statement of Financial Activities**||8|| **BEADS OF COURAGE UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023** The trustees present their report with the financial statements of the charity for the year ended 31 January 2023. 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 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 changed its name to Beads of Courage UK. 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 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Charity Number England and Wales Charity No 1141987 Scotland Charity No SC044198 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Ms S Drummond - Trustee Page 1 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEADS OF COURAGE UK** ## **Independent examiner's report to the trustees of Beads Of Courage UK** I report to the charity trustees on my examination of the accounts of Beads Of Courage UK (the Trust) for the year ended 31 January 2023. ## **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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. Steven Connell Sephton & Company LLP Chartered Certified Accountants Marston House 5 Elmdon Lane Marston Green Solihull West Midlands B37 7DL Date: ............................................. Page 2 **BEADS OF COURAGE UK** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023** |2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
272,616
**EXPENDITURE ON**
Raising funds
2
351,195
**NET INCOME/(EXPENDITURE)**
(78,579)
**RECONCILIATION OF FUNDS**
Total funds brought forward
466,824
**TOTAL FUNDS CARRIED FORWARD**
388,245|2022
Total
funds
£
252,235| |---|---| ||161,137| ||91,098
375,726| ||466,824| The notes form part of these financial statements Page 3 ## **BEADS OF COURAGE UK** ## **BALANCE SHEET 31 JANUARY 2023** |2023
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Stocks
4
239,584
Cash at bank
152,021
391,605
**CREDITORS**
Amounts falling due within one year
5
(3,360)
**NET CURRENT ASSETS**
388,245
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
388,245
**NET ASSETS**
388,245
**FUNDS**
6
Unrestricted funds
388,245
**TOTAL FUNDS**
388,245|2022
Total
funds
£
329,385
139,119
468,504
(1,680)
466,824
466,824
466,824
466,824
466,824| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. S Drummond - Trustee ............................................. K West - Trustee The notes form part of these financial statements Page 4 **BEADS OF COURAGE UK** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023** ## **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. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **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. Page 5 continued... **BEADS OF COURAGE UK** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023** ## **2. RAISING FUNDS** ## **Raising donations and legacies** |**Raising donations and legacies**||| |---|---|---| ||2023|2022| ||£|£| |Support costs|136,709|128,180| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022. ## **4. STOCKS** |Finished goods
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**MOVEMENT IN FUNDS**
At 1/2/22
£
**Unrestricted funds**
General fund
466,824
**TOTAL FUNDS**
466,824
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
272,616
**TOTAL FUNDS**
272,616|2023
2022
£
£
239,584
329,385
2023
2022
£
£
3,360
1,680
Net
movement
At
in funds
31/1/23
£
£
(78,579)
388,245
(78,579)
388,245
Resources
Movement
expended
in funds
£
£
(351,195)
(78,579)
(351,195)
(78,579)| |---|---| ## **5.** ## **6. MOVEMENT IN FUNDS** Page 6 continued... **BEADS OF COURAGE UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023** ## **6. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1/2/21
£
**Unrestricted funds**
General fund
375,726
**TOTAL FUNDS**
375,726
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
252,235
**TOTAL FUNDS**
252,235|Net
movement
At
in funds
31/1/22
£
£
91,098
466,824
91,098
466,824
Resources
Movement
expended
in funds
£
£
(161,137)
91,098
(161,137)
91,098| |---|---| ## **7. RELATED PARTY DISCLOSURES** Trustee Ms S Drummond provides the full Oncology Beads of Courage service, paid by Children with Cancer UK. Page 7 **BEADS OF COURAGE UK** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Opening stock
Purchases
Storage costs
Closing stock
**Support costs**
**Management**
Insurance
Postage and stationery
Sundries
IT costs
Management costs
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|2023
£
272,616
272,616
329,385
109,658
15,027
(239,584)
214,486
433
3,698
900
9,796
120,041
134,868
111
1,730
351,195
(78,579)|2022
£
252,235
252,235
204,544
153,508
4,290
(329,385)
32,957
-
13,236
562
8,835
103,513
126,146
354
1,680
161,137
91,098| |---|---|---| This page does not form part of the statutory financial statements Page 8 Digitally Signed Document Document ID: 581E620F70B464 ## Document Details B563-Charity accounts (final)-AJB-20240904- **Filename:** 110714-249[2009485].PDF **Client of:** Sephton & Co LLP ## Signature Details **Name:** Diane Watt **Email:** diane@bechildcanceraware.org **Date & Time:** 04/09/2024 14:41:03 PM (BST) **IP Address:** 151.225.253.175 Beads Of Courage UK agrees and approves the **Signing Statement:** contents of this document. ## Digital Certificate The approved PDF file has been digitally certified.Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. **On behalf of:** Sephton & Co LLP **PDF digital certificate:** IRIS Software Group Limited **Digital certificate issued by:** GlobalSign Please keep a copy of this document for your records. **REGISTERED CHARITY NUMBER: 1141987** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023** ## **FOR** ## **BEADS OF COURAGE UK** Sephton & Company LLP Chartered Certified Accountants Marston House 5 Elmdon Lane Marston Green Solihull West Midlands B37 7DL **BEADS OF COURAGE UK** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|7| |**Detailed Statement of Financial Activities**||8|| **BEADS OF COURAGE UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023** The trustees present their report with the financial statements of the charity for the year ended 31 January 2023. 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 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 changed its name to Beads of Courage UK. 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 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Charity Number England and Wales Charity No 1141987 Scotland Charity No SC044198 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Ms S Drummond - Trustee Page 1 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEADS OF COURAGE UK** ## **Independent examiner's report to the trustees of Beads Of Courage UK** I report to the charity trustees on my examination of the accounts of Beads Of Courage UK (the Trust) for the year ended 31 January 2023. ## **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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. Steven Connell Sephton & Company LLP Chartered Certified Accountants Marston House 5 Elmdon Lane Marston Green Solihull West Midlands B37 7DL Date: ............................................. Page 2 **BEADS OF COURAGE UK** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023** |2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
272,616
**EXPENDITURE ON**
Raising funds
2
351,195
**NET INCOME/(EXPENDITURE)**
(78,579)
**RECONCILIATION OF FUNDS**
Total funds brought forward
466,824
**TOTAL FUNDS CARRIED FORWARD**
388,245|2022
Total
funds
£
252,235| |---|---| ||161,137| ||91,098
375,726| ||466,824| The notes form part of these financial statements Page 3 ## **BEADS OF COURAGE UK** ## **BALANCE SHEET 31 JANUARY 2023** |2023
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Stocks
4
239,584
Cash at bank
152,021
391,605
**CREDITORS**
Amounts falling due within one year
5
(3,360)
**NET CURRENT ASSETS**
388,245
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
388,245
**NET ASSETS**
388,245
**FUNDS**
6
Unrestricted funds
388,245
**TOTAL FUNDS**
388,245|2022
Total
funds
£
329,385
139,119
468,504
(1,680)
466,824
466,824
466,824
466,824
466,824| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. S Drummond - Trustee ............................................. K West - Trustee The notes form part of these financial statements Page 4 **BEADS OF COURAGE UK** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023** ## **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. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **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. Page 5 continued... **BEADS OF COURAGE UK** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023** ## **2. RAISING FUNDS** ## **Raising donations and legacies** |**Raising donations and legacies**||| |---|---|---| ||2023|2022| ||£|£| |Support costs|136,709|128,180| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022. ## **4. STOCKS** |Finished goods
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**MOVEMENT IN FUNDS**
At 1/2/22
£
**Unrestricted funds**
General fund
466,824
**TOTAL FUNDS**
466,824
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
272,616
**TOTAL FUNDS**
272,616|2023
2022
£
£
239,584
329,385
2023
2022
£
£
3,360
1,680
Net
movement
At
in funds
31/1/23
£
£
(78,579)
388,245
(78,579)
388,245
Resources
Movement
expended
in funds
£
£
(351,195)
(78,579)
(351,195)
(78,579)| |---|---| ## **5.** ## **6. MOVEMENT IN FUNDS** Page 6 continued... **BEADS OF COURAGE UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023** ## **6. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1/2/21
£
**Unrestricted funds**
General fund
375,726
**TOTAL FUNDS**
375,726
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
252,235
**TOTAL FUNDS**
252,235|Net
movement
At
in funds
31/1/22
£
£
91,098
466,824
91,098
466,824
Resources
Movement
expended
in funds
£
£
(161,137)
91,098
(161,137)
91,098| |---|---| ## **7. RELATED PARTY DISCLOSURES** Trustee Ms S Drummond provides the full Oncology Beads of Courage service, paid by Children with Cancer UK. Page 7 **BEADS OF COURAGE UK** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Opening stock
Purchases
Storage costs
Closing stock
**Support costs**
**Management**
Insurance
Postage and stationery
Sundries
IT costs
Management costs
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|2023
£
272,616
272,616
329,385
109,658
15,027
(239,584)
214,486
433
3,698
900
9,796
120,041
134,868
111
1,730
351,195
(78,579)|2022
£
252,235
252,235
204,544
153,508
4,290
(329,385)
32,957
-
13,236
562
8,835
103,513
126,146
354
1,680
161,137
91,098| |---|---|---| This page does not form part of the statutory financial statements Page 8