Company registration number: 08031469 Charity registration number: 1146962 Irwin Mitchell Charities Foundation (A company limited by guarantee) ANNUAL REPORT YEAR ENDED 30 APRIL 2024
IRWIN MITCHELL CHARITIES FOUNDATION ANNUAL REPORT YEAR ENDED 30 APRIL 2024 CONTENTS Page Directors, Report Statement of Directors & Trustees, Responsibilities Independent Examiners, Report Accounting Policies Statement of Financial Activities Balance Sheet Statement of Cash Flows 10 Notes on Accounts 11
IRWIN MITCHELL CHARITIES FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDING 30 APRIL 2024 The Trustees and Directors of the charitable company present their report along with the financial statements of the charity for the year ended 30 April 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 7 of the financial statements and comply with the charity's Memorandum and Articles, the Charities Act 2011 and the requirements of the Statement of Recommended Practice 2019.. Accounting and Reporting by Charities. Legal and admlnlstratSon detalls Official name of charity: Irwin Mitchell Charities Foundation Charlty reglstratSon number: 1146962 Company reglstratlon number: 08031469 Registered Offlce: Riverside East 2 Millsands Sheffielcf S3 8DT Dlrectors and Trustees: Mr Adrian Budgen Mr Christopher Cannings (appointed 10 April 2024> Mr David Harlington Ms Caroline Jones (appointed 10 April 2024) Ms Anne Kavanagh Mr Alex Lloyd (appointed 10 April 2024) Ms Kate Rawlings Ms Leigh White Chlef Executlve: Mr Adrian Budgen Bankers: Charities Aid Foundation 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Independent Examlner: Hawsons Chartered Accountants Pegasus House 463a Glossop Road Sheffield S10 2QD
IRWIN MITCHELL CHARITIES FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDING 30 APRIL 2024 (continued) Structure, Governance and Management Governlng document Irwin Mitchell Charities Foundation (IMCF) is a company limited by guaranlee governed by its Memorandum and Articles of Association dated 5 April 2012. It is registered as a charity with the Charity Commission. Related Partles Donations into the charity are made by Irwin Mitchell Solicitors LLP. an entity in which all of the trustees are either employees or members. Objects The primary objects of the charity specified in the Memorandum and Articles of Association are.. 1. Promotion of charitable purposes for the benefit of the community generally,. 2. The relief of poverty in cases of need, hardship or distress,. and 3. General charitable purposes where the Trustees have discretion as to the charities selected. Organlsatlon The trustees meet at least 2 limes per year and there are also regular local and national meelings held by volunteers who are employees of Irwin Mitchell Solicitors LLP where ideas for fund raising activities are discussed. Requests for donations are considered and authorised by the trustees. Appolntment of trustees The trustees are all either employees or members of Irwin Mitchell Solicitors LLP and musl support the objects of the charity. Trustees are appointed al board meetings attended by the current directors I trustees of the charity. Policies adopted for the Induction and tralnlng of trustees The trustees have all been in place for a substantial period and no procedure is In place as yet but in the event there was a change this would be sourced externally and potentially provided by our main sponsor Irwin Mitchell LLP. Rlsk management Principal risks and uncertainties facing the charity: Apathy in fund raising Home working environment However, on the basis our charity has no out goings and is in effect only an awarding body the risk is to the good we are able lo do as opposed to any risk lo stakeholders. The trustees are committed to the identification and management of the major strategic, business and operational risks which the charity faces. A multi-function team of managers within the organisalion is tasked with communicating with all levels of the organisation to identify risk and regularly update a detailed risk register identifying likelihood and impact together with actions necessary to mitigate the risk. The Charity is currently working with is primary fund raiser on its strategic aims and how they can continue to support IMCF and is considering alternative ways of continuing to provide charitable felief to good causes that meet its objectives. Grant making policies The Charity has a simple rule book to set out when and how it will make a donation to a good cause, these are over seen by ils committees which are spread across the UK regionally, each committee meets monthly and they also come together nationally every two months to collaborate on bigger projects. The trustees hold bi monthly meetings for matters raised by the committees and routine trustee business including financial review and strategic discussions.
IRWIN MITCHELL CHARITIES FOUNDATION DIRECTORS. REPORT FOR THE YEAR ENDING 30 APRIL 2024 (continued) Public benefit The board of trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Objectives and activltles The charity aims to relieve poverty and to provide aid in cases of need, hardship or distress, or for the general benefit of persons residenl in regions surrounding the offices of Irwin Mitchell Solicitors LLP, in particular where staff have close links or affiliations with the cause. Income has been raised and received from the Members and staff of Irwin Mitchell Solicitors LLP along with monies raised at events and from sundry donations. Strategies for achlevlng objectlves The work lo re define the focus of the Charity is ongoing, in the interim the charity will continue to offer top up funds to colleagues of IM who are raising funds for causes that meet it objectives, encourage ils committees to continue to raise funds for their current nominated annual charities, will make its annual donation to homeless causes and where possible will run the previously individual committee events that took place regionally on a national basis. Achlevements and performance The number of IM staff donating between £2.50 and £50.00 per month from their salary to the charity during the year to April 2024 was 887 (2023.. 893). Up to £20.00 per staff member per month is matched by Irwin Mitchell Solicitors LLP. During the year ending 30 April 2024 89 (2023.. 74) donations were made between £13.67 and £29,000 to a variety of causes lo a number of locations both locally and nationally. Gifts or donations of over £1,000 were made to., Abbie's Army, Angel's of Hope For Women, Birmingham & Solihull Women's Aid, Birmingham Women's and Children's Hospital Charity, British Red Cross, Cambridge City Foodbank, Cardiff Foodbank, Caring In Bristol Ltd, Chichester District Foodbank, Child Bereavement UK, Childrens Heart Surgery Fund, Crawley Open House, Day One Trauma Support, Feeding Families, Food And Company Trust, Grace House North East, Holbeck Together, Huggard, Jimmys Cambridge, Launchpad Reading, Maggie's, National Literacy Trust, Newbury Soup Kitchen, Newlife, Project Hope Leeds, Refugee And Migrant Centre, Riva Project, Simon Community Scotland, Simon On The Streets, Society Of St James, Springhill Hospice (Rochdale), St Andrews Community Network, St Chad's Sanctuary, Sl Luke's Hospice, St Margaret Of Scotland, Step By Slep, Slonepillow, Teenage Cancer Trust, Ten Little Toes Baby Bank, The Change Portfolio, The Children's Hospital, The Felix Project, The Great North Air Ambulance, The Lifehouse, The Mustard Tree, The People's Kitchen Ltd, The Sunday Centre, Whitechapel Mission. Flnanclal Review During 2023124, Irwin Mitchell Charities Foundation generated a net deficit on unrestricted funds of £224,635 (2022123.. net deficit £197,599). Revenue grants of £nil (2023.. nil) were received. Receipts lolaling £211,144 (2023.. £184,682) were received from the members and staff of Irwin Mitchell Solicilors LLP, via Ihe GAYE scheme, donations and various fundraising aclivilies throughout the period. This figure includes £4,42212023: £12,172) of small and miscellaneous clienl accounl balances. Investment powers and policy Under the Memorandum and Articles of Association, the charity has the power to invesl in any way the trustees wish.
IRWIN MITCHELL CHARITIES FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDING 30 APRIL 2024 (continued) Reserves policy It is the trustees, objective that Irwin Mitchell Charities Foundation should maintain a positive level of reserves at all times. Free reserves currently stand at £539,661. Support in our communities local to the offices of Irwin Mitchell LLP remains one of the LLP'S key strategic pillars and the LLP is committed to ensuring that the IMCF can sustain ils work for many years to come. IMCF launched a new Inclusion and Sustainability Fund to awafd grants to good causes dedicated to these agendas in our communities. This will be funded by the £500,000 donation that was received from Irwin Mitchell LLP during the year ending 30 April 2021. The remaining funds will continue lo be used to support the nominated charities of the offices, homeless charities near each office at Christmas, provide top ups to colleagues when they've done personal fundraising, and donate to disaster relief appeals. Dlrectors The directors, who are also trustees of the charity, during the year and to the dale of this report, were as follows:_ Mr Adrian Budgen Mr Christopher Cannings (appointed 10 April 2024) Mr David Harlington Ms Caroline Jones {appointed 10 April 2024) Ms Anne Kavanagh Mr Alex Lloyd (appointed 10 April 2024> Ms Kate Rawlings Ms Leigh White Constltutlon The company is a company limited by guarantee and not having a share capital. Each member gives a guarantee to contribute a sum not exceeding £1 to the company should it be wound up. At 30 April 2024 there were 8 members. Statement of Dlrectors, and Trustees, Responslbllltles The Iruslees (who are also directors of Irwin Mitchell Charities Foundation for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial slalements in accordance with the Financial Reporling Standard applicable in the UK and the Republic of Ireland (FRS1021. Company law requires the truslees to prepare financial slalements for each financial year, which give a Irue and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including Ihe income and expenditure, of the charitable company for that period. In preparing these financial slalements, the trustees are required lo: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP {FRS102)', make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records thal disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure thal the financial statements comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
IRWIN MITCHELL CHARITIES FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDING 30 APRIL 2024 (continued) Going Concern The slaff of Irwin Mitchell LLP continues to donate via it's Give As You Earn scheme and the Partners of Irwin Mitchell LLP made their annual donation of £50,000 as usual. Therefore, the trustees believe that the charity has adequate incoming funds to continue operating throughout this financial year and is confident that fund raising activities will resume to near normal levels. In addition, it should be noted that as a donation making entity there is no obligation on the Charity lo donate any funds in excess of those raised and due to its trustees and committee members being volunteers it has limited operating costs. By order of the Board A Budgen Irwin Mitchell Charltles Foundatlon .2025
IRWIN MITCHELL CHARITIES FOUNDATION INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF IRWIN MITCHELL CHARITIES FOUNDATION I report to the charily trustees on my examination of the accounts of the charitable company for the year ended 30th April 2024 which are set out on pages 7 to 12. Responsibilities and basls of report As the charity trustees of the company land also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act,). Havlng satisfied myself thal the accounls of the company are not required to be audiled under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as Carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Ba818 of Independent examlner's report I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounling records were not kept in respect of the company as required by section 386 of the 2006 Acl,. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other Ihan any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination., or the accounts have nol been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 I have no concerns and have come across no other matters in connection with the examination to which attenllon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S L Bladen FCA Hawsons Chartered Accountants Pegasus House 463a Glossop Road Sheffield S102QD .2025
IRWIN MITCHELL CHARITIES FOUNDATION SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) General information and basis of preparation Irwin Mitchell Charities Foundation is a company registered in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are as set out in the Trustees, report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) issued in October 2019, the Companies Act 2006, the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Fund8 Unrestricted funds are available for use al the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. INCOMING RESOURCES Incoming resources primarily represent funds generated from events such as dress down days and general fund raising activities. The charity also receives monies from the staff of Irwin Mitchell LLP via it's Give As You Earn scheme as well as a donation of £50,000 (2023.. £50,000) from the Partners. CHARITABLE ACTIVITIES Charitable activities include dress down days held regularly throughout the year where staff of Irwin Mitchell LLP is asked to contribute £1 and other general fund raising activities. GOVERNANCE COSTS Governance cosls include those incurred in the governance of the charity and its assels and are primarily associated with constitutional and statutory requirements. GOING CONCERN After due consideration of all relevant factors, the trustees are confident that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
IRWIN MITCHELL CHARITIES FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 30 APRIL 2024 Year Ending 30 April 2024 Unrestricted Funds Year Ending 30 April 2023 Unrestricted Funds Notes Incomlng Resources Incoming resources from generated funds: Voluntary income Incoming resources from charitable activities Total Incomlng resources 192,820 18,324 174,655 10,027 184,682 211,144 Resources expended Charltable actlvltlos 435,779 382,281 Total resources expended 435,779 382,281 Net {outgolng) resources (224,635) (197,599) Fund balances brought forward at 1 May 2023 764,296 961,895 Fund balances carrled forward at 30 Aprll 2024 539,661 764,296 There are no recognised gains and losses other than the results for Ihe year as set out above. There is no difference between the amounts stated above and their historical cost equivalents.
IRWIN MITCHELL CHARITIES FOUNDATION COMPANY REGISTRATION NUMBER: 08031469 BALANCE SHEET AS AT 30 APRIL 2024 30 April 2024 30 April 2023 Notes CURRENT ASSETS Debtors Cash al bank and in hand 539,661 764.296 539,661 764,296 CREDITORS Amounls falling due within one year NETCURRENT ASSETS 539,661 764,296 NET ASSETS 539,661 764,296 RESERVES General fund 539,661 764,296 539,661 764,296 For the financial year in question the company was entitled lo exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act wlth respect to accounting records and for the preparation of accounts. These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on .Ki..¢p.if... and signed on its behalf by.. A Budgen - Director
IRWIN MITCHELL CHARITIES FOUNDATION STATEMENT OF CASH FLOWS YEAR ENDED APRIL 2024 Note 2024 2023 Net cash flow from operating activitles {224,635) (197,599) Net cash flow from investlng actlvltles Net cash flow from flnanclng actlvltles Net {decrease) In cash and cash equivalents {224,6351 (197,599) Cash and cash equlvalents at 1 May 764,296 961,895 Cash and cash equlvalents at 30 Aprll 539,661 764,296 10
IRWIN MITCHELL CHARITIES FOUNDATION NOTES ON ACCOUNTS YEAR ENDED 30 APRIL 2024 VOLUNTARY INCOME Year Ending 30 April 2024 Year Ending 30 April 2023 Unrestrlcted Income Payroll & General Donations 192,820 174,655 STAFF PARTICULARS There were no employees during the financial year. The trustees neither received nor waived any remuneration during the year {2023: £nil). One trustee reclaimed £13 of expenses during the year for reimbursement of filing fees (2023.. £131. COST OF CHARITABLE ACTIVITIES Donations 435,779 382,281 CASH AT BANK AND IN HAND Cash at bank 539,661 764,298 TAXATION The company Is a registered charity and as such is not normally liable to corporation tax. FUND RECONCILIATION Balance at 1 May 2023 Income Expenditure Balance al 30 April 2024 General 365,451 211,144 (222,559) 354,036 Designated Inclusion and Suslainabilily Sub-Trust 398,845 (213,220) 185,625 764,296 211,144 {435,779} 539,661 Inclusion and Sustainability Fund A fund to award grants to good causes dedicated to these agendas in our communities ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds Designed funds Total Cash al bank 354,036 185,625 539,661 11
IRWIN MITCHELL CHARITIES FOUNDATION NOTES ON ACCOUNTS YEAR ENDED 30 APRIL 2024 RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH INFLOW FROM OPERATING ACTIVITIES 2024 2023 Net (outgoing) resources (224,635) (197,599) Net cash (oufflow) from operating activities 224,635 197,599 TRANSACTIONS WITH RELATED PARTIES Donations into the charity are made by Irwin Mitchell Solicitors LLP, an entity which all of the trustees are employees or members. 10 ULTIMATE CONTROLLING PARTY The ultimate controlling party are the trustees, 12