Ollie Young Foundation (r*lered tharity no 1148511) Ollie Young Foundation Unaudited annual report and accounts For the year ended 31 March 2024
Olli• Young Foundatlon Annual report and ac¢ounts For the year ended 31 Mar¢h 2024 Pag• 1 Gener•1 InfornHtlon Registered charity nunthr 1148511 Trustees Sarah Simpson &'mon You Sluwt Col Website www.ol1ieyoungloundatm.Org Address 10 Ruby Close WokiThJham RG413TX
Ollio Young Foundatlon Annual report and aeeounts For th8 y•ar •nd•d 31 March 2024 Pag• 2 Trte•s. r•port The Trustees ar8 pl88s8d lo Ihw 11 annual rewt and ac£ounts. ObJ¢dve$ The Ollie Young Fndation has Iwo ontsal ciiedives. as fc4h)ws'. To provkd8 funds to supwrt r8s8wth #tto ihe diagnosis, caus8S, treatment and care of PaediatrK Globlastoma Multif(¥me and to wblish the useful res15 of such research., and The relief of sthess and n1?1 aThJ emolfv)nal distress of children their families coping with lrfe threaleniry conditions by the provision of grants andlor equipment to supp)rt organisalions sh as hosylals h)spices as the Irustees think frt. During the year the fund conb'nued to raise money whth wa5 used as outlined below in direGI suppoyt of its stated objectives. Further inf0rrrti about the purrM)se and obj8Ctsv of 0118 YcAJng FoUndatiC can be fwnd on our websile al www.liey0Un9fOundation.org. Trusle8s confinn that they have iefeffed to the Chwrty Commissior)'s guKlance on public benefit. All the tharitable aims and am the charitable activities of The Ollie Your4J Foundation are lor the public benefit as defi arKI dewbed in the Charty Commission's guthnce "CharitS and Pubtic B8nerA-. Review of lh• year We are pl88sed wilh Ihe amount of funds rabed thls year which, includw)g interest blrt after fundraising costs. lotsled almost £44,0(K). Vthilst thi5 t5 significanlty lower than th8 pr8VIOUS year. thig is only because of a large. arKI very generous. legacy donation of £80.000 which the Foundation was very grateful trj receNe in the Pf8VK)us year. Aside that donation, income is up by approxtmatety £10.c compared lo the prewus year. which we are delighted with. The Trustees are extreNty grateful to the many supwters who have contrityjted to our fUndraisg efforts var5 way5 over the past years and those who conlinu8d lo supF4Jrt s via donations. We were ddighted to make 8 paymenl of a further £58.062 during the year lo the Institute of Cancer Research. continuing our exeitiThJ partnership in support of researth rsto paediatric brain lumours. in line with one of our central obieclives. The trustees are 8ted by the potential of this researth and look lorward to rewting on ils progress. The grant payment in the currwtt year exceeds thi8 year's UKX)me resultiThJ in an overall def11 of £17,708 foliow#w the Lqrge surplus in the previous year. Reserves pollcy Surplus funds Ir8sew6) are retsy)81I to en8t4e Ihe charity to contmtse future athiknes in liie wbth the objectives outlined aix)ve. At 31 March 2024 the total retsined f}dS were £104.277 12023: £121.985). PJI fmds ar& urwesthcted. Constltutlon The Foundation is govemed by a Trust Deed doted 31 ju 2012.
Ollle Young Foundation Annual report and accounts For the year ended 31 March 2024 Page 3 Trusts•s' report (Continued Trust••$ The names of Ihe Trustees in Off as al date of this reF•Xt are gNen cm Page 1. Op•ratlon$ and management The Trustees are responsible lor managiry the day to day operation5 01 the fund d, in particular. they ar8 resp¢$1 for deteminr#J how funds are spent in support of staled objectives. The Iruslees are suppcvted by a number of votunleers. particulady in respecl of fundraisng lIVIlIes. There are no formal arrangem8nts the recnJibmw)L Int1uction and training of trustee$. btrt the trustees consider that, collectivety. they have the necessary skils to manag8 what is a rel81iv8ly sinwle and straightfonvard charty. Key decisM)ns are laken coleclively and the Iwstees are in regular contaci. Ind fo1 as and when they consider 11 nEssary. Rlsk manag•m•nt The Iruslees have n$ered the key risks to which the chlty is expos8d and have taken appropriate steps to manage those r[#. Apwoval of report TS rgport vtas approved and S)ned on beh1 of the Trustees by. Sarah Simpson (Trustee Chair) Dale.. 2ts1ILI£*
Ollie Young Foundatlon Annual report and accounts For th• year end•d 31 March 2024 Pag• 4 Ind•wnd•nt examinerfs report to the Tntsteos of Ollh Young Foundation I report lo the charity tryees on my examiriakn of th8 accounts of th8 charity for the ended 31 March 2024 which are set coJt cffl pages S 10 8. Responslbllftl•s and basls of roport As Ihe tharivs trustees you are resFKJnSb for the preparation of the accounts in accordCe wth the requirements of Ihe Charilies Act 2011 ('the Act.). I report in respect of my enat of the accounts out UOr sect 145 of the Act and in carrying out my examination I have folk)wed all the 8pplkable Dwections gtven by the Charity CommisshW under seclN)n 145(51{bl of the ACL Ind•wndenl examlnevs slatement I have completeil my examinati. I confirm thal rw) material matters have come lo my altentK)n in connecticffl with Ihe examinati(m giving me cwse lo believe that in any material respect.. accounling records were not kept in respect of the charrty as required by sectK)n 130 01 th8 Act.. or Ihe accounts do Njl accord Mlh It re1Xts: or the accounts do not comply ¥wth the applThbl8 Tequiremgnts conceming the fomi and tent of accounts set out in the Charities (Accounts and Repots} Regu110n$ 2008 other than any requir8m8nt that the 8cethmts gNe a 1rn* 8rbY fair vi. which Is not matier congdered as pa1 of an independent exanall(. I have no ccernS and have come acxoss other malters in connectic with the examination to which attention should be drawn in thi8 r8p(Kl in ord8f to enab a prOr understanding of the accounts to be reathed. Alan P1& FCA (IChEW) James Cowper Kreston Readlng Bridge House. George Street. Reading. RG1 8LS Dale=
Oll1• Young Foundatlon Annual reportand a¢counts For the year ended 31 l&larch 2024 Pag• S Prln¢lpal accountlng polkies Basls of pr•paratlon The financial statements have been prepared under the historical cost convention wrth items recognised al Cost or transacti value unless OttVise slated in the relevant notes lo these accounls. The financial statnentS have been prepwed in accordance with the stsIent of Recommended Pracb'ce: Accounting and ReIng by Charities preparing their acCnts in accordance the Financial Repor9 Stsndard appkcable in the UK and Republic of Ireland IFRS 1021 arKI Charities 2011. Ollig Young Foundation constitutes a pubk benefit eniity as defyd by FRS 102. Income and ewndtture Income and expenditure {incbJding grant expenditure) are accounted for in the year to lch they relate. using Ihe accruals basis. excepl thal stocks of merchandising that are onthand al the year-end are nol recognised on te baJarKe sheet as Ihe aMnIS c¢Mcemed are not considered lo be material lo the acCots. Unrecoverat4e VAT is treated as an expènse aThJ included within the relevant caption ol the income and expendrture acCot. Fund a¢¢ountlng General funds are unrèstridod funds whth we availab for use at the (Jiscretion of the Trustees in lurtherance of the general ofyecbve5 of the charity arKI whKh have not been designated for other purposes.
01110 Yoyng Foundation Annu•l report and a¢counts For tho year ended 31 2024 In¢•m• •nd •xp•ndilur• accowht 2024 2023 Fundralslry Sn¢om• 119,767 Fundral•lng ¢osls 14,4691 16,4141 N•t fundrnistng Incorn• 113,353 Grants and donallons In IppOrt of cor• obj•¢1 Ii)ot• 21 158.0621 158.0791 Ov•rh•ad costs 114291 12.1931 t•r•st Incom• 1.714 590 NET IDEFICITYSURPLUS 117.7001 TO1 fund$ bry>ught 121.985 66.314 Total fijnds carrl•d 104,277 The e¥pendiiure in b)th 2024 arwj 2tr23 *we lo Uv•strI ftxKtS.
Oll1• Young Foundatl¢)n Annual report and a¢Munts For the year ended 31 March 2024 Pag• 7 Balance Sheet 2024 2023 Curront assets Bank and cash balances 104.2ri 121,985 Net assèts 104,277 121,985 R•pr•sent•d by Accumulated funds brought forward (Oeficilyswplus for Ihe year 121,985 17.708 68,314 53,671 Tolal funds (unrestrl¢led) 104,277 121.985 The annual accounts Ire approved by the Trustees on their behalf by. 2ts114 and are Signed Sarah Simp50n (Twslee} The accompanying accounting and notes fomi part of these accounts.
Ollh Young Foundatlon Annual report and accounts For thè year ended 31 Marth 2024 Pag• 8 Not•s to thè accounts 1 Trustee remuneratlon and None of the Iruslees received any remUnera1K. or reKnbursemenl of expenses from the charity during the year or Ihe previous year. 2 Grants Grants were made lo the organisatK)ns. in lurlhernnce of the tharitrfs objectives: 2024 2023 Institute of Cancer Research 58,062 58.079 58.062 58.079 3 Related party transactions There were no transactn$ related parbes in the or Ihe previous year.