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B563-Charity accounts (final)-AJB-20240904- Filename: 110856-572[2009486].PDF Client of: Sephton & Co LLP
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Name: Diane Watt Email: diane@bechildcanceraware.org Date & Time: 04/09/2024 14:41:09 PM (BST) IP Address: 151.225.253.175 Beads Of Courage UK agrees and approves the Signing Statement: contents of this document.
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REGISTERED CHARITY NUMBER: 1141987
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
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 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 January 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
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 2024.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 409,272 EXPENDITURE ON Raising funds 2 333,038 NET INCOME/(EXPENDITURE) 76,234 RECONCILIATION OF FUNDS Total funds brought forward 388,245 TOTAL FUNDS CARRIED FORWARD 464,479 |
2023 Total funds £ 272,616 351,195 (78,579) 466,824 388,245 |
|---|---|
The notes form part of these financial statements
Page 3
BEADS OF COURAGE UK
BALANCE SHEET 31 JANUARY 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Stocks 4 361,902 Cash at bank 105,937 467,839 CREDITORS Amounts falling due within one year 5 (3,360) NET CURRENT ASSETS 464,479 TOTAL ASSETS LESS CURRENT LIABILITIES 464,479 NET ASSETS 464,479 FUNDS 6 Unrestricted funds 464,479 TOTAL FUNDS 464,479 |
2023 Total funds £ 239,584 152,021 391,605 (3,360) 388,245 388,245 388,245 388,245 388,245 |
|---|---|
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 2024
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 2024
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Support costs | 200,539 | 136,709 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
4. STOCKS
| Finished goods CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors MOVEMENT IN FUNDS At 1/2/23 £ Unrestricted funds General fund 388,245 TOTAL FUNDS 388,245 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 409,272 TOTAL FUNDS 409,272 |
2024 2023 £ £ 361,902 239,584 2024 2023 £ £ 3,360 3,360 Net movement At in funds 31/1/24 £ £ 76,234 464,479 76,234 464,479 Resources Movement expended in funds £ £ (333,038) 76,234 (333,038) 76,234 |
|---|---|
5.
6. MOVEMENT IN FUNDS
Page 6
continued...
BEADS OF COURAGE UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/2/22 £ Unrestricted funds General fund 466,824 TOTAL FUNDS 466,824 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 272,616 TOTAL FUNDS 272,616 |
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) |
|---|---|
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 2024
| 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 income/(expenditure) |
2024 £ 409,272 409,272 239,584 231,681 23,136 (361,902) 132,499 487 5,701 4,562 21,650 166,241 198,641 168 1,730 333,038 76,234 |
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) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 8