Digitally Signed Document Document ID: B2F19C33F7CF06 ## Document Details B563-Charity accounts (final)-AJB-20260507- **Filename:** 123154-889[3647699].PDF **Client of:** Sephton & Co LLP ## Signature Details **Name:** Diane Watt **Email:** diane@bechildcanceraware.org **Date & Time:** 12/05/2026 14:45:03 PM (BST) **IP Address:** 94.11.232.201 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 2025** ## **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 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Cash Flow Statement**||5|| |**Notes to the Cash Flow Statement**||6|| |**Notes to the Financial Statements**|7|to|10| |**Detailed Statement of Financial Activities**||11|| **BEADS OF COURAGE UK** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025** The trustees present their report with the financial statements of the charity for the year ended 31 January 2025. 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 7 May 2026 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 2025. ## **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 2025** |31/1/25
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
636,252
**EXPENDITURE ON**
Raising funds
3
432,803
**NET INCOME**
203,449
**RECONCILIATION OF FUNDS**
Total funds brought forward
464,479
**TOTAL FUNDS CARRIED FORWARD**
667,928|31/1/24
Total
funds
£
409,272| |---|---| ||333,038| ||76,234
388,245| ||464,479| The notes form part of these financial statements Page 3 ## **BEADS OF COURAGE UK** ## **BALANCE SHEET 31 JANUARY 2025** |31/1/25
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Stocks
6
200,000
Cash at bank
469,728
669,728
**CREDITORS**
Amounts falling due within one year
7
(1,800)
**NET CURRENT ASSETS**
667,928
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
667,928
**NET ASSETS**
667,928
**FUNDS**
8
Unrestricted funds
667,928
**TOTAL FUNDS**
667,928|31/1/24
Total
funds
£
361,902
105,937
467,839
(3,360)
464,479
464,479
464,479
464,479
464,479| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 7 May 2026 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** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JANUARY 2025** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning**
**of the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|31/1/25
£
363,791
363,791
363,791
105,937
469,728|31/1/24
£
(46,084)
(46,084)
(46,084)
152,021
105,937| |---|---|---| The notes form part of these financial statements Page 5 **BEADS OF COURAGE UK** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JANUARY 2025** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Decrease/(increase) in stocks
Decrease in creditors
**Net cash provided by/(used in) operations**
**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**|31/1/25
£
203,449
161,902
(1,560)
363,791|31/1/24
£
76,234
(122,318)
-
(46,084)| |---|---|---| ||At 1/2/24|Cash flow|At 31/1/25| |---|---|---|---| ||£|£|£| |**Net cash**|||| |Cash at bank|105,937|363,791|469,728| ||105,937|363,791|469,728| |**Total**|105,937|363,791|469,728| The notes form part of these financial statements Page 6 **BEADS OF COURAGE UK** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025** ## **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. ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**||| |---|---|---| ||31/1/25|31/1/24| ||£|£| |Donations|636,252|409,272| continued... Page 7 **BEADS OF COURAGE UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025** ## **3. RAISING FUNDS** **Raising donations and legacies** |31/1/25
£
Support costs
171,560
**Other trading activities**
31/1/25
£
Opening stock
361,902
Purchases
99,341
Closing stock
(200,000)
261,243
Aggregate amounts
432,803
**SUPPORT COSTS**
Governance
Management
Finance
costs
£
£
£
Raising donations and legacies
169,652
58
1,850|31/1/24
£
200,539
31/1/24
£
239,584
254,817
(361,902)
132,499
333,038
Totals
£
171,560| |---|---| ## **4. SUPPORT COSTS** ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024. continued... Page 8 **BEADS OF COURAGE UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025** |**6.**
**STOCKS**
Finished goods
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|
At 1/2/24
£
464,479
464,479
Incoming
resources
£
636,252
636,252
At 1/2/23
£
388,245
388,245|31/1/25
31/1/24
£
£
200,000
361,902
31/1/25
31/1/24
£
£
1,800
3,360
Net
movement
At
in funds
31/1/25
£
£
203,449
667,928
203,449
667,928
Resources
Movement
expended
in funds
£
£
(432,803)
203,449
(432,803)
203,449
Net
movement
At
in funds
31/1/24
£
£
76,234
464,479
76,234
464,479| |---|---|---| continued... Page 9 **BEADS OF COURAGE UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025** ## **8. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
409,272
409,272|Resources
Movement
expended
in funds
£
£
(333,038)
76,234
(333,038)
76,234| |---|---|---| ## **9. RELATED PARTY DISCLOSURES** Trustee Ms S Drummond provides the full Oncology Beads of Courage service, paid by Children with Cancer UK. Page 10 ## **BEADS OF COURAGE UK** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025** ||31/1/25|31/1/24| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|636,252|409,272| |**Total incoming resources**|636,252|409,272| |**EXPENDITURE**||| |**Other trading activities**||| |Opening stock|361,902|239,584| |Purchases|75,266|231,681| |Storage costs|24,075|23,136| |Closing stock|(200,000)|(361,902)| ||261,243|132,499| |**Support costs**||| |**Management**||| |Insurance|506|487| |Postage and stationery|2,745|5,701| |Sundries|21,214|4,562| |IT costs|11,427|21,650| |Management costs|133,760|166,241| ||169,652|198,641| |**Finance**||| |Bank charges|58|168| |**Governance costs**||| |Accountancy and legal fees|1,850|1,730| |Total resources expended|432,803|333,038| |**Net income**|203,449|76,234| This page does not form part of the statutory financial statements Page 11