Rel. 11 Jan "55..09 Gmriurc +OID 1np 119 Ollie Young Foundation {registered charity no 1148511) Ollie Young Foundation Unaudited annual report and accounts For the year ended 31 March 2023
Rel. 11 Jan .55..09 Gmriurc +OID 1np%9 Ollie Young Foundation Annual report and accounis For the year ended 31 March 2023 Pago 1 General infomiation Registered charity number 1148511 Trustees Sarah Slmpson Simon Young Stuart Collin Website www.ollieyoungfoundation.org Address 10 Ruby Close Wokingham Berks RG413TX
Rel. 11 Jan .55..09 Gmriurc +OID 1np3 Ollie Young Foundation Annual report and accounis For the year ended 31 March 2023 Pago 2 Truste85' rèport The Trustees are pleased to present their tenth annual report and accounts. Objectives The Ollie Young Foundation has trmo central objectives, as follows= To provide funds to support research into the diagnosis, causes, trealment and care of Paediatric Glioblastoma Muhiforme and to publish the useful results of such research- and The relief of sickness and mental and emotional distress of children and their families coping wqth life threatening conditions by the provision of grants andlor equipment to support organisations such as hospitals and hospices as the trustees think fit. During the year the fvnd continued to raise money which was used as outlined below in direct support of its stated objectives. Further infom7alion about the purpose and 0tr4'ectives of Ihe Ollie Young Foundalion can be found on our website at wNw.ollieyoungfoundalion.org. The Trustees confimi that they have referred to the Charity Commi5sion'5 guidance on public benefrt. Al the charitable aims and all the charitable activities of The Ollie Young Foundation are for the public benefit as defined and described in the Charity Commission's guidance "Charitles and Public Benefit.. Review of thè year During the year we were delighted to receive a very significant legacy donation of £80,000 for which the Trustees are hugely grateful. This was supplemented by other donations and increased fundraising activity resulting in total income for the year of a little over £120,000, significant increase on the previous year. The Trustees are extremety gratefvl to the many supporters who have contributed to our fundraising efforts in various ways over the past few years and those who continued to support us via donations. We were delighted lo make a payment of a further £58,079 during the year to the Institute of Cancer. followtng the £85,000 grants made across each of the previous tsvo year5. This grant is to support research into paedialric brain tumours, in line wqth one of central objectives, and is an exciting partnership following the Foundation's research funding in previous years. The trustees are excited by the potential of this research and look forward to reporting on its progress. Overall. following Iwo years of net deficits. we are pleased to report a suiplus for the financial year of £53.671 12022: defiat of £57,444). Ros8r¥es policy Surplus funds Ireservesl are retained lo enable the charity to continue future activities in line with the objectives outlined above. Al 31 MaTch 2023 the total retained funds were £121.985 12022.. £68.314). All funds are unrestricted. Constitution The Foundation is governed by a Trust Deed dated 31 Juty 2012.
[knTIarKITh Rel. IMOWSVIIJH6111 kn 3)24.55..•9 GMfiuTC +010 ln p4 Ollie Young Foundation Annual report and accounis For the year onded 31 March 2023 Pago 3 Truste85' rèport (continued} Trustees The names of the Trustees in office as at the date of this report are given on Page 1. Operations and management The Trustees are responsible for managing Ihe day to day operations of the fund and, in panicular, they are responslble for detemilnlng how funds are spent In support of the stated objectives. The trustees are supported by a number of volunteeTS, particularfy in respect of ndraising aclivities. There are no formal arrangements for the recruitment. induction and training of trustees. bul the trustees consider that. collectively, they have the necessary skills to manage what is a relatively simple and straightforward charity. Key decisions are taken collectively and the trustees are in regular contact. including formal meetings a5 and when they consider it necessary. Risk management The trustees have considered the key risks ta which the charity is exposed and have taken appropriate steps to manage those risks. Approval of report This rewrt was approved and signed on behalf ofthe Trustees by: Sarah Simpson (Trustee Chair) Date: 11 January 2024
Rel. 11 Jan .55..09 Gmriurc +OID 1nps9 Ollie Young Foundation Annual report and accounis For the year ended 31 March 2023 Pago 4 Independent èxaminer's raport to thè Trustees of Ollie Young Foundation I report to the charity trustees on my examinaion of the accounts of the charity for the year ended 31 March 2023 which are sel out on pages 5 to 8. Responsibilities and basis of report As the chartty's trustees you are responslble for the preparatfon of the accounts In accordance with the requirements of the Charities Act 2011 (Xhe Act'i. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5}Ib) of the Act. Independent examinerfs 5ts1omont I have completed my examination. I confirm thal 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 charity as required by section 130 of the Act,. or the accounts do not accord WFth those reo)rds; or the accour*ls do not comply wth the applicable requirements concerning the form and conlenl of accounts set out in the Charities (Accounts and Rep$} Regulations 2008 other than any requirement that the accounts give a true and fair view, which is not matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understaTrJing of the accounts lo be reached. Aan Poole FCA {ICAEW) James Cowper Kreston Reading Bridge House, George Street, Reading, RG1 8LS Date- 11 January 2024
Rel. 11 Jan .55..09 Gmriurc +OID 1np6 Ollie Young Foundation Annual report and accounis For thè year ended 31 March 2023 Pago 5 Principal accounting policies Basis of preparation The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless olhepNise stated in the relevant notes to these accounts. The financtal statements have been prepared in accordance wtth the Statement of Recommended Practice.. Accountlng and Reportlng by Charltles prepartng thelr accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and Charities Act 2011. Ollie Young Foundation constitutes a public benefit entity as defined by FRS 102. Income and expènditure Income and expenditure (including grant expenditure) are accounted for in the year to which they relate, using the accTuals basis, except that stocks of merchandising that are on-hand at the yearend are not recogni5ed on the balance sheet as the amounts concemed are not considered lo be material lo the accounts. Unrecoverable VAT is treated as an expense and included Mqthin the relevant caption of the income and expenditure account. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objeclives of the charity and which have not been designated for other Pufposes.
Rel. 11 Jan "55..09 Gmriurc +OID 1np719 Ollie Young Foundation Annual report and accounts For the year ende¢l 31 March 2023 Page 6 Income and expenditure account 2023 2022 Income Donats"ons and irscome from fundraising events Sale of morchandls• Interest received 119.507 260 590 30.218 386 10 120,357 30,614 Fundralslny Costs Merchandise costs Evants costs 790 5.624 632 940 16.4141 {1.5721 Net fundraising income 113.943 29.042 Grants and donations in support of core objectives (note 2 Grants to rasaarch organIsaonS 58.079 85.000 158,0791 185.0001 Overhoad costs Professional fees Prfnllng, postage and stafjonèry Bank chaiges other overheads 600 19 216 1,358 600 41 218 629 12,1931 11,4861 NEf SURPLUSIIDEFICIT) 53,671 157,4441 Total funds brought forward 68.314 125.758 Total Trjnds carrled forward 121.985 68.314 Tha Incoma and aXpandIra In both 2023 and 2022 ww8 to unia$trlct8d funds.
[knTIarKITh Rel. IMOWSVIIJH6111 kn 3)24.55..•9 GMfiuTC +010 ln pw9 Ollie Young Foundation Annual report and accounts For the year ended 31 March 2023 Page 7 Balance sheel 2023 2022 Current asseis Bank and cash balance5 121,985 08.314 Net assets 121,985 68,314 Represented by Accumulated funds brought forward (Defiatysurplus for the year 68,314 53.671 125,758 157.4441 Total funds (unrestricted) 121,985 68,314 11 January 2024 The annual accounts were approved by the Trustees on on their behaw by- and are signed Sarah Simpson (Trustee} The accompanwng accounting policie5 and notes form part of these accounts.
Rel. 11 Jan .55..09 Gmriurc +OID 1np9 Ollie Young Foundation Annual report and accounts For the year ended 31 March 2023 Page 8 Notès io thè accounts Trustee romuneration and exp8ns8s None of the trustees received any remuneration. or reimbursement of expenses from the charity during the year or the prewous year. Grants Grants were made to the followng organisations, in furtherance of the chariws objective5'. 2023 2022 Institute of Cancer 58,079 85,000 58,079 85,000 3 Related party transactions There were no transactions with related parties in the year, or the previous year.