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2022-09-30-accounts

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

REGISTERED CHARITY NUMBER: 1154208

Report of the Trustees and

Unaudited Financial Statements for the year ended 30 September 2022

For

Lagan’s Foundation

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Contents of the Financial Statements For the Year Ended 30 September 2022

Page
Chairman’s Report 1
Report of the Trustees 2 to 4
Independent Examiner’s Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 16
Detailed Statement of Financial Activities 17 to 18

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Chairman’s Report For the Year Ended 30 September 2022

Lagan’s Foundation flourished during the pandemic due to our strong service offer - keeping children safe in the community and offering high quality respite. The year ended 30 September 2022 post pandemic has brought a new set of challenges and obstacles for the charity. Lagan’s Foundation has suffered the same as many other “for-profit” organisations across the country. Exhaustion and care fatigue in the sector have been prevalent. Working in care has been less desirable and there has been concern about what would happen if a new pandemic or health emergency were to occur.

As a result, the recruitment and retention of care staff has been the charity’s main difficulty throughout this period. In response to this, we recruited an in-house recruitment and compliance officer to bolster our recruitment activity as well as monitor compliance and wellbeing across the care teams.

Thanks to this and Bolton Council’s continued support via the COVID-19 Grant for infection control and recruitment support, we were able to meet this challenge head on.

Throughout the year under review, the situation did progressively get more difficult, however we believe we continued to deliver excellent care to the children on our register.

The charity’s training facility at head office has proved itself to be invaluable. It has enabled the charity to deliver excellent training; maintain compliance across the staffing teams; and enable the managers to maintain safety and an extremely high level of infection control within the team.

From this secure footing we plan to develop and offer more complex care training in the future, opening up our service to more children across the region or the country.

We identified an increased need for focused marketing via different channels to increase reach to new staff, families, professionals and supporters. In response to this we developed an inhouse marketing department. This increased focus has allowed the charity to strengthen its message, to reach new professionals, increase referrals and develop new corporate partnerships.

The charity remained incredibly responsive to change throughout the year. This allowed us to cope, adapt and develop. We identified that structural changes were required to support operational autonomy in the different regions of the Northwest. As a result, we are set to introduce new community engagement officers and care hubs that will allow the different regions to grow and develop sustainably for the future.

Despite the challenges 2021-22 gave us, we are set for the next stage of our development. Our team is excited, motivated and positive for the future. 2022 – 23 reports growth and expansion with a focus of delivering high quality care for children with complex health conditions in the community, school and hospital to enable parents to take a break and to allow children to access services.

I was incredibly proud to be nominated and attend the finals in Mayfair, London for the Social Care Leadership and Top 30 Social Care Awards 2022. I was blown away when I was announced the winner of The Executive Children’s and Young People Leader Award 2022. The competition in the room was extremely high, with well known nationally recognised brands. This award has led to additional conversations and opportunities for me throughout the year. I was invited to the House of Lords to celebrate with other award winners and stakeholders. This opportunity enabled me to meet the Head of Social Care England and for us to be part of the ongoing conversation.

Thank you to everyone who supported us during the year and continue to support us on our journey to enabling parents to take a well-earned rest. We are truly grateful.

Karen Bell Chief Executive Officer

27 July 2023 Dated:

1

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Report of the Trustees For the Year Ended 30 September 2022

The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. 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 charity's objectives are:

Ensuring our work delivers our aims

We review our aims, objectives and activities each year. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activities remain focused on our stated purposes.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

Public benefit

The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

How our activities deliver public benefit

Our main activities and who we try to help are described below.

Lagan's Foundation aims to meet its charitable objectives by offering physical and emotional support on a weekly basis to parents or carers who are prenatally diagnosed or who are looking after a baby or child aged 19 or under diagnosed with a heart defect or a feeding difficulty, either at home or in hospital.

Lagan's Foundation are able to supply a trained carer to the individual's home and/or hospital ward to help in any way they can, from providing respite care to simply being someone to speak to.

All carers provided by Lagan's Foundation are trained to understand the basics of life support, cardiac care, stoma care, speech and language therapy, dietetics, moving and handling and infection control. In addition, they are Level 2 child protection certified and have completed an enhanced child workforce DBS check. Where appropriate they will also receive hoist, medication administration, epilepsy awareness and rescue medication, ventilation use, safe oxygen use, autism awareness, challenging behaviour awareness and competency-based pump feed training.

The Trustees confirm that we have paid due regard to the Charity Commission guidance on public benefit reporting in deciding the activities the charity undertakes.

Volunteers

The Charity would not be able to function without the assistance of a large number of volunteers who assist in fund raising activities.

These efforts are greatly appreciated by the Trustees.

ACHIEVEMENT AND PERFORMANCE Charitable activities

During the financial year Lagan's Foundation delivered 3,337 care sessions which remained consistent when compared to the 2020-21 financial period.

2

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Lagan’s Foundation

Report of the Trustees For the Year Ended 30 September 2022

The geographical spread of the support was in:

Outcomes:

FINANCIAL REVIEW

Financial position

Incoming resources for the year amounted to £395,816 (2021 - £472,665). The deficit of expenditure in excess of income in the year was £236 (2021 surplus of income over expenditure of £109,472).

Principal funding sources

The Charity's primary sources of funding during the year were derived from the provision of care, donations from private individuals and companies and also grant funding from Hand on Heart, Bolton Council and The True Colours Trust.

Investment policy and objectives

The Charity has no long-term investments.

At present all funds are held in an interest-bearing bank account, and the Charity will continue to seek to obtain the best interest possible on these funds.

Reserves policy

The Trustees have agreed that the Charity should aim to maintain unrestricted reserves at a minimum level which equates to 6 months' operating costs, which the Trustees consider to be currently approximately £180,000. This would enable Lagan's Foundation to continue to offer its core support services to families in the event of a sudden loss of funding.

At 30 September 2022, unrestricted reserves totalled £179,128 (2021 - £182,215) and the restricted reserves totalled £71,945 (2021 - £69,094).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Lagan's Foundation is a Charitable Incorporated Organisation (CIO) governed by a constitution dated 14 October 2013, and was registered as a charity, number 1154208, with The Charity Commission, on the 15 October 2013.

Recruitment and appointment of new trustees

The charity is managed by the Board of Trustees, whose composition is detailed on page 4 of this report. The Trustees meet bi-annually on a formal basis and they also spend a considerable amount of time throughout the year managing and developing the charity and its activities.

Newly appointed Trustees are provided with a comprehensive induction to Lagan's Foundation through the provision of specialist trustee training.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

Lagan's Foundation is governed by the Board of Trustees. The Board of Trustees are responsible for setting the strategic direction of the organisation and the policy of the charity. The Trustees carry the ultimate responsibility for the conduct of Lagan's Foundation and for ensuring that the Charity satisfies its legal and contractual obligations.

The day to day running of the Charity is overseen by Karen Bell, the CEO, who is assisted primarily by a Business Development & Fundraising Officer and other support staff.

3

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Report of the Trustees For the Year Ended 30 September 2022

In addition, there is an Events Committee who meet regularly throughout the year to assist in organising fund raising events.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees consider the key risks to the charity to be linked to:

Therefore, we have ensured that stringent safer recruitment policies are adhered to, appropriate staff and volunteer training is undertaken, risks are reviewed at Trustee meetings and appropriate insurance cover is in place.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1154208

Principal address

Flexspace Manchester Road Bolton Lancashire BL3 2NZ

Trustees

Karen Bell Russell Ashworth David Howarth Matt Tomkin Neil Hutton Stephen Kaye (resigned 21 September 2022)

Independent Examiner

Andrew Simm FCA Smith & Goulding Limited (Chartered Accountants) 2-4 Southport Road Chorley Lancashire PR7 1LB

Bankers Barclays Bank plc 1 Market Street Bolton BL1 1BU

27 July 2023

Approved by order of the board of trustees on …………………… and signed on its behalf by:

Karen Bell – Trustee

4

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Independent Examiner’s Report to the Trustees of Lagan’s Foundation

Independent examiner's report to the trustees of Lagan's Foundation

I report to the charity trustees on my examination of the accounts of Lagan's Foundation (the Charity) for the year ended 30 September 2022 which are set out on pages 6 to 16.

Responsibilities and basis of report

As the charity trustees of the Charity, 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 Charity'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 the Charity’s gross income exceeded £250,000, your examiner must be a member of a body listed in Section 145 of the 2011 act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 Charity 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 accounting requirements of section 396 of the 2006 Act 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; or

  4. 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.

Signed................................................. Mr Andrew Simm BSc FCA

27 July 2023 Date:

Smith & Goulding Limited 2-4 Southport Road Chorley Lancashire PR7 1LD

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DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Statement of Financial Activities For the Year Ended 30 September 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
Provision of care
5
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
Charitable activities
Provision of care
6
Total
NET INCOME/(DEFICIT)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
32,799
351,789
844
46
385,478
39,079
349,486
388,565
(3,087)
182,215
179,128		 Restricted
Funds
£
10,338
-
-
-
10,338
36
7,451
7,487
2,851
69,094
71,945		 2022
Total funds
£
43,137
351,789
844
46
395,816
39,115
356,937
396,052
(236)
251,309
251,073		 2021
Total funds
£
109,567
361,927
1,163
8
472,665
53,509
309,684
363,193
109,472
141,837
251,309

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

6

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Balance Sheet 30 September 2022

Notes
FIXED ASSETS
Intangible Assets
Tangible Assets
11
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
15
Restricted funds
15
TOTAL FUNDS		 Unrestricted
fund
£
4,200
11,403
15,603
58,323
113,937
172,260
(8,735)
163,525
179,128
179,128
179,128
-
179,128		 Restricted
Funds
£
-
10,842
10,842
-
61,103
61,103
-
61,103
71,945
71,945
-
71,945
71,945		 2022
Total
funds
£
4,200
22,245
26,445
58,323
175,040
233,363
(8,735)
224,628
251,073
251,073
179,128
71,945
251,073		 2021
Total
funds
£
-
22,510
22,510
51,728
187,479
239,207
(10,408)
228,799
251,309
251,309
182,215
69,094
251,309

27 July 2023

The Financial Statements were approved by the Board of Trustees and authorised for issue on ……………………. and were signed on its behalf by:

Karen Bell – Trustee

The notes form part of these financial statements

7

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

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.

The financial statements are presented in sterling.

Preparation of the accounts on a going concern basis

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees consider the budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Covid-19

The charity has been able to continue to provide the core charitable activities since the outbreak of Covid-19 in March 2020. The Trustees consider that the budgets are sufficient for the charity to be able to continue beyond the current estimated timescale for the resumption of normal activities in full.

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

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.

Donations, gifts and other forms of voluntary income are recognised as incoming resources when received.

Income derived from fund raising events is recognised after the completion of an event.

Grant income is recognised at the point that payment is received into the charity's bank account.

Bank interest is included in the income and expenditure account on receipt.

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.

Charitable expenditure comprises those costs incurred in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis such as staff time dedicated to each activity.

Charitable activities

The charitable activity is the provision of care to relieve sickness and preserve and protect the good health of children under 19 who have been diagnosed with an acquired or congenital heart defect and/or feeding difficulties and to support their families and carers in such ways as the trustees shall think fit, in particular but not exclusively by the provision of advice, information, counselling and respite care. This includes care financed from local authorities as well as care given free of charge or for minimal contribution from the families of the children. The monies received for care enable the charity to provide more care to those families unable to afford assistance and those families not eligible for paid care.

8

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

Allocation and apportionment of costs

Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis such as staff time dedicated to each activity.

Intangible fixed assets

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development costs – 3 years straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment – 10% to 25% reducing balance

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.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated goods

Donated services and donated facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time the charity receives is not recognised and please refer to the Trustees' report for more information about their contribution.

2 DONATIONS AND LEGACIES

Donations
Grants		 2022
£
32,799
10,338
43,137		 2021
£
47,991
62,676
109,567

During the year Lagan's Foundation received the following grants:

Bolton Council continued to award a grants totalling £9,498 to support the charity to implement strong infection control protocol: ensuring salaries were paid, extra staff recruited and any other needs to keep the impact of Covid minimised and families protected.

9

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

3 OTHER TRADING ACTIVITIES

Fundraising income
DBS Income
4 INVESTMENT INCOME
Deposit account interest
5 INCOME FROM CHARITABLE ACTIVITIES
Provision of care		 2022
£
236
-
236
2022
£
46
2022
Provision of
care
£
351,789		 2021
£
1,141
22
1,163
2021
£
8
2021
Total
activities
£
361,927

10

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

6 CHARITABLE ACITVITIES COSTS

Provision of care
7 SUPPORT COSTS
Provision of care		 Direct
costs
£
354,009
Finance
£
1		 Support
Costs (see
note 7)
£
Totals
£
2,928
356,937
Governance
costs
£
Totals
£
2,927
2,928

The independent examiners fee of £2,000 is included in accountancy fees. Support costs, included in the above, are as follows:

Finance
Bank charges
Governance costs
Accountancy and legal fees
8 TRUSTEES’ REMUNERATION AND BENEFITS
Trustees’ salaries
Trustees’ social security
Trustees’ pensions		 2022
Provision of
care
£
1
2022
Provision of
care
£
2,927
2022
£
45,000
3,502
1,163
49,665		 2021
Total
activities
£
1
2021
Total
activities
£
1,334
2021
£
40,925
3,013
1,050
44,988

Trustees’ remuneration noted above was paid to Trustee Karen Bell in accordance with and in respect of her ongoing role as Chief Executive Officer of the charity.

Trustees’ expenses

During the period expenses totalling £219 (2021 - £300) were paid to Karen Bell in relation to travelling and reimbursed costs.

11

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

9 STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
284,012
13,034
4,518
301,564		 2021
£
263,281
8,879
3,752
275,912

The average monthly number of employees during the year was as follows:

Provision of care
Management and administration		 2022
£
20
3
23		 2021
£
20
3
23

10 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Provision of care
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Provision of care
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
47,991
361,927
1,163
8
411,089
49,290
289,768
339,058
72,031
110,184
182,215		 Restricted
Funds
£
61,576
-
-
-
61,576
4,219
19,916
24,135
37,441
31,653
69,094		 Total
funds
£
109,567
361,927
1,163
8
472,665
53,509
309,684
363,193
109,472
141,837
251,309

12

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

11 INTANGIBLE FIXED ASSETS

COST
Additions
At 30 September 2022
AMORTISATION
Charge for the year
At 30 September 2022
12 TANGIBLE FIXED ASSETS
COST
At 1 October 2021
Additions
Disposals
At 30 September 2022
DEPRECIATION
At 1 October 2021
Charge for the year
Eliminated on disposal
At 30 September 2022
NET BOOK VALUE
At 30 September 2022
At 30 September 2021
13 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
14 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors		 2022
£
52,833
5,490
58,323
2022
£
1,559
3,568
3,608
8,735		 Website
development
costs
£
4,200
4,200
-
-
Fixtures
and
fittings
£
29,067
4,643
-
33,710
6,556
4,909
-
11,465
22,245
22,510
2021
£
45,197
6,531
51,728
2021
£
4,560
2,683
3,165
10,408

13

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

15 MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Bauer Radio’s Cash Hits Radio (Cash for Kids)
The Triangle Trust – Covid-19
National Lottery – Covid-19
The Clothworkers Foundation
Bolton Council Infection Control
HOH Defibrillators for Families
The Halsall Foundation
The True Colour Trust
Greggs Foundation
Zedra Trust
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Bauer Radio’s Cash Hits Radio (Cash for Kids)
The Triangle Trust – Covid-19
National Lottery – Covid-19
The Clothworkers Foundation
Bolton Council Infection Control
The Halsall Foundation
The True Colour Trust
HOH Defibrillators for Families
Greggs Foundation
Zedra Trust
TOTAL FUNDS		 At
1.10.21
£
182,215
144
2,322
3,439
2,209
894
44,853
10,000
4,413
820
69,094
251,309
Incoming
resources
£
385,478
-
-
-
-
7,338
-
-
-
-
3,000
10,338
395,816		 Net
Movement
In funds
£
(3,087)
-
(853)
-
-
2,410
(474)
-
(811)
(421)
3,000
2,851
(236)
Resources
expended
£
(388,565)
-
(853)
-
-
(4,928)
-
(811)
(474)
(421)
-
(7,487)
(396,052)		 At
30.9.22
£
179,128
144
1,469
3,439
2,209
3,304
44,379
10,000
3,602
399
3,000
71,945
251,073
Movement
in funds
£
(3,087)
-
(853)
-
-
2,410
-
(811)
(474)
(421)
3,000
2,851
(236)

14

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
The Triangle Trust 1949 Fund
Bauer Radio’s Cash Hits Radio (Cash for Kids)
The Triangle Trust – Covid-19
National Lottery – Covid-19
The Clothworkers Foundation
Bolton Council
Bolton Council Infection Control
HOH Defibrillators for Families
The Halsall Foundation
The True Colour Trust
Greggs Foundation
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
The Triangle Trust 1949 Fund
Bauer Radio’s Cash Hits Radio (Cash for Kids)
The Triangle Trust – Covid-19
National Lottery – Covid-19
The Clothworkers Foundation
Bolton Council
Bolton Council Infection Control
The Halsall Foundation
The True Colour Trust
HOH Defibrillators for Families
Greggs Foundation
TOTAL FUNDS		 At
1.10.20
£
110,184
1,548
144
3,044
5,035
2,769
7,443
-
-
10,000
-
1,670
31,653
141,837
Incoming
resources
£
411,089
-
-
-
-
-
-
10,716
-
5,000
45,860
-
61,576
472,665		 Net
Movement
In funds
£
72,031
(1,548)
-
(722)
(1,596)
(560)
(7,443)
894
44,853
-
4,413
(850)
37,441
109,472
Resources
expended
£
(339,058)
(1,548)
-
(722)
(1,596)
(560)
(7,443)
(9,822)
-
(587)
(1,007)
(850)
(24,135)
(363,193)		 At
30.9.21
£
182,215
-
144
2,322
3,439
2,209
-
894
44,853
10,000
4,413
820
69,094
251,309
Movement
in funds
£
72,031
(1,548)
-
(722)
(1,596)
(560)
(7,443)
894
-
4,413
44,853
(850)
37,441
109,472

The details of the restricted funds are as follows:

The Triangle Trust 1949 Fund

Provision of funding to increase the sustainability of the respite support service currently available to unpaid carers.

Triangle Trust Covid-19

Additional funding provided as a result of the Covid-19 pandemic.

National Lottery

To provide resources to allow the charity to adapt to the Covid-19 pandemic.

15

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2022

The Clothworkers Foundation

To provide funds to allow the charity to continue to provide training to support workers despite the closure of usual facilities.

Bolton Council

Funded as part of a national scheme to fund rent and rates.

Bolton Council Infection Control

Funding to enable to the charity to establish a strong infection control protocol.

Hand on Heart

Funded to establish a defibrillators for families project.

The Halsall Foundations

To engage with and support families in the Lancashire area.

The True Colours Trust

Funding to support core operations and the provision of PPE for support workers.

Greggs Foundation

Funding provided to provide community activities for supported children.

16 RELATED PARTY DISCLOSURES

During the year, the charity incurred costs amounting to £13,054 for goods and services provided by Tao Digital Marketing Limited, a company controlled by Trustee M Tomkin. These goods and services were provided at a substantial discount to the charity and which reflected cost price.

Other than the above, and transactions with Trustees disclosed elsewhere in the financial statements, no further related party disclosures are required.

16

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Detailed Statement of Financial Activities For the year ended 30 September 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Fundraising events
DBS income
Investment income
Deposit account interest
Charitable activities
Provision of care
Total incoming resources
EXPENDITURE
Raising donations and legacies
Trustees’ salaries
Trustees’ social security
Trustees’ pensions
Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Sundries
Rent
Advertising and promotion
Event costs
Travelling
Computer costs
Accountancy
Professional fees
Clothing costs
Fixtures and fittings depreciation
Charitable activities
Trustees’ salaries
Trustees’ social security
Trustees’ pensions
Wages
Social security
Pensions
Insurance
Telephone
Carried forward		 2022
£
32,799
10,338
43,137
844
-
844
46
351,789
395,816
11,250
876
291
1,279
48
23
440
197
1,029
-
4,355
505
6,903
1,494
5,290
1,757
1,537
-
1,841
39,115
33,750
2,626
872
237,733
9,484
3,332
3,963
329
292,089		 2021
£
46,891
62,676
109,567
1,141
22
1,163
8
361,927
472,665
10,231
753
263
15,405
595
277
289
619
425
625
4,241
3,000
2,167
47
7,436
801
-
5,250
1,085
53,509
30,694
2,260
787
206,951
5,272
2,424
2,603
1,031
252,022

This page does not form part of the statutory financial statements

17

DocuSign Envelope ID: 20175E1B-BD6D-46FA-8FAA-8717B8485617

Lagan’s Foundation

Detailed Statement of Financial Activities For the year ended 30 September 2022

Charitable activities
Brought forward
Postage and stationery
Advertising
Sundries
Rent
Computer
Event costs
Travelling
Repairs and renewals
Entertaining
Training
Professional fees
DBS expenditure
Subscriptions
Fixtures and fittings depreciation
Support costs
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expenses		 2022
£
292,089
1,715
13,352
1,606
7,258
8,817
-
6,828
-
225
7,140
8,465
13
3,433
3,068
354,009
1
2,927
356,937
(236)		 2021
£
252,022
708
13,334
953
7,068
12,393
682
3,205
29
-
7,174
4,872
260
3,841
1,808
308,349
1
1,334
363,193
109,472

This page does not form part of the statutory financial statements

18