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← Lagan's Foundation

2023-09-30-accounts

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

REGISTERED CHARITY NUMBER: 1154208

Report of the Trustees and

Unaudited Financial Statements for the year ended 30 September 2023

For

Lagan’s Foundation

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Contents of the Financial Statements For the Year Ended 30 September 2023

Page
Chairman’s Report 1 to 2
Report of the Trustees 3 to 5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 17
Detailed Statement of Financial Activities 18 to 19

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Chairman’s Report For the Year Ended 30 September 2023

It is with great pride and gratitude that I present the Chairperson's Report for Lagan's Foundation CIO for the financial year. This year has been marked by significant achievements and progress, even in the face of challenges. Our dedication to supporting children with cardiac conditions and feeding difficulties remains unwavering, and we have made substantial strides in expanding and enhancing our services.

Charitable Activity

During the financial year, Lagan’s Foundation delivered 3007 care sessions, marking a 9.92% decrease compared to the previous financial period. This decline reflects the lingering impacts of the COVID-19 pandemic, but we remain resilient and committed to increasing our outreach in the coming year.

We successfully restarted our charity events and fundraising activities. The Annual Cycle Challenge and a Sky Dive were highlights of our fundraising calendar, with enthusiastic participation and support from our community. In addition to these events, we received generous personal donations, and Fielding’s Porter Solicitors nominated Lagan’s Foundation as their charity of the year, providing invaluable support.

We also launched our regular giving direct debit scheme, which is growing steadily and provides a reliable stream of income to support our activities. I would like to extend my heartfelt thanks to the Trusts and Foundations whose grants have been crucial in kick-starting our donated home support project, which was significantly impacted during the pandemic.

Geographical Reach

The support provided by Lagan’s Foundation covers a broad geographical area, including:

Specialty Support

Lagan’s Foundation remains focused on supporting children aged 0 to 19 years old with cardiac conditions and/or feeding difficulties. We have also successfully supported children with more complex health conditions, including but not limited to:

HR and Recruitment Challenges

The UK Care industry continues to face significant HR and recruitment challenges. However, in December 2022, our charity successfully secured its license to offer international visa sponsorship. This milestone has opened up opportunities for a more diverse workforce during a critical time of need.

We made the bold decision to employ an in-house recruitment officer. This strategic move has transformed our charity and, combined with the implementation of a specialist HR Partner, has led to a positive cultural shift within our organisation. We are now better positioned to offer our employees opportunities for development, progression, and future growth.

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Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Chairman’s Report For the Year Ended 30 September 2023

Conclusion

Despite the challenges, this financial year has been a testament to the strength, resilience, and dedication of everyone associated with Lagan’s Foundation. Together, we have made significant strides in our mission to support children and families in need. As we look to the future, we remain committed to expanding our reach and enhancing the quality of our services.

Acknowledgements

Our achievements this year would not have been possible without the unwavering dedication of our team of Trustees, Staff, Volunteers, Patrons, Sponsors, Funders, Fundraisers, and Donors. Your support enables us to deliver essential, and sometimes life-saving, care to families across the North West when they need it most. Thank you for your continued support and dedication.

Sincerely

Karen Bell Chief Executive Officer

Dated: 29 July 2024

2

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Report of the Trustees For the Year Ended 30 September 2023

The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. 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

The Charitable activities and performance during the year are set out in the Chairperson’s Report on page 1.

FINANCIAL REVIEW

Financial position

Incoming resources for the year amounted to £387,490 (2022 - £395,816). The deficit of expenditure in excess of income in the year was £30,231 (2022 deficit of income over expenditure of £236).

3

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Report of the Trustees For the Year Ended 30 September 2023

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 primarily from The Edward Gostling Fund, The Hospital Saturday Fund, the National Lottery and the NW Hearts Charity.

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 2023, unrestricted reserves totalled £136,676 (2022 - £179,128) and the restricted reserves totalled £84,166 (2022 - £71,945).

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 5 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.

4

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Report of the Trustees For the Year Ended 30 September 2023

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:

-recruitment of quality and dedicated staff for care delivery

-training for staff working with severely sick children within their own homes -handling periods of leave through sickness and holiday -over-dependence on the CEO for all functions of the charity

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

Approved by order of the board of trustees on …………………. and signed on its behalf by: 29 July 2024

Karen Bell – Trustee

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Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

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 2023 which are set out on pages 7 to 19.

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 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

30 July 2024 Date:

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

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Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Statement of Financial Activities For the Year Ended 30 September 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations, legacies and grants
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
£
34,516
306,449
2301
902
344,168
40,885
345,736
386,621
(42,453)
179,128
136,675		 Restricted
Funds
£
42,727
-
595
-
43,322
-
31,100
31,100
12,222
71,945
84,167		 2023
Total funds
£
77,243
306,449
2,896
902
387,490
40,885
376,836
417,721
(30,231)
251,073
220,842		 2022
Total funds
£
43,137
351,789
844
46
395,816
39,115
356,937
396,052
(236)
251,309
251,073

CONTINUING OPERATIONS

All income and expenditure have arisen from continuing activities.

The notes form part of these financial statements

7

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Balance Sheet 30 September 2023

Notes
FIXED ASSETS
Tangible Assets
Intangible Assets
11
CURRENT ASSETS
Inventory
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
14
Restricted funds
14
TOTAL FUNDS		 Unrestricted
fund
£
19,052
2,800
21,852
9,548
57,336
63,134
130,018
(15,195)
114,823
114,823
136,675
136,675
-
136,675		 Restricted
Funds
£
6,700
-
6,700
-
-
77,467
77,467
-
77,467
84,167
84,167
-
84,167
84,167		 2023
Total
funds
£
2022
Total
funds
£
25,752
2,800
28,552
22,245
4,200
26,445
9,548
-
57,336
58,323
140,601
175,040
207,485
233,363
(15,195)
(8,735)
192,290
224,628
220,842
251,073
220,842
251,073
136,675
179,128
84,167
71,945
220,842
251,073
29 July 2024		 2022
Total
funds
£
22,245
4,200
26,445
-
58,323
175,040
233,363
(8,735)
224,628

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

8

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

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.

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.

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.

9

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

Intangible fixed assets

Website development costs are amortised over the estimated useful life of three years.

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		 2023
£
25,878
51,365
77,243		 2022
£
32,799
10,338
43,137

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

The Edward Gostling Fund awarded £20,000 to fund the Home Support Project.

The Hospital Saturday Fund awarded £10,000 to fund the Home Support and Respite Care Project Costs The National Lottery awarded £9,120 to fund the Jungle Club Project

NW Hearts Charity awarded £9,120 to fund a GM Community Engagement Officer

The Duchy of Lancaster Benevolent Fund awarded £1,000 to fund costs toward the GM Home Support Project Groundwork UK awarded £1,125 to fund the GM Home Support Project

The Neighbourly Food and M&S Fund awarded £1,000 to fund a Christmas party.

10

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

3 OTHER TRADING ACTIVITIES

Fundraising income
Other income
4 INVESTMENT INCOME
Deposit account interest
5 INCOME FROM CHARITABLE ACTIVITIES
Provision of care		 2023
£
940
1,956
2,896
2023
£
902
2023
Provision of
care
£
306,449		 2022
£
844
-
844
2022
£
46
2022
Total
activities
£
351,789

11

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

6 CHARITABLE ACITVITIES COSTS

Provision of care
7 SUPPORT COSTS
Provision of care		 Direct
costs
£
374,861
Finance
£
3		 Support
Costs (see
note 7)
£
Totals
£
1,975
376,836
Governance
costs
£
Totals
£
1,972
1,975

The independent examiners fee of £1,500 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		 2023
Provision of
care
£
3
2023
Provision of
care
£
1,972
2023
£
45,000
3,364
1,163
49,527		 2022
Total
activities
£
1
2022
Total
activities
£
2,927
2022
£
45,000
3,502
1,163
49,665

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 £450 (2022 - £219) were paid to Karen Bell in relation to travelling and reimbursed costs.

12

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

9 STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2023
£
284,492
14,846
4,807
304,145		 2022
£
284,012
13,034
4,518
301,564

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

Provision of care
Management and administration		 2023
£
16
2
18		 2022
£
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
£
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		 Total
funds
£
43,137
351,789
844
46
395,816
39,115
356,937
396,052
(236)
251,309
251,073

13

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

11 TANGIBLE FIXED ASSETS

COST
At 1 October 2022
Additions
At 30 September 2023
DEPRECIATION
At 1 October 2022
Charge for the year
At 30 September 2023
NET BOOK VALUE
At 30 September 2023
At 30 September 2021		 Fixtures
and
fittings
£
33,710
10,161
43,870
11,465
6,652
18,117
25,752
22,245
12 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors		 2023
£
51,572
5,765
57,336
2023
£
5,853
5,194
4,148
15,195		 2022
£
52,833
5,490
58,323
2022
£
1,559
3,568
3,608
8,735

14

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

14 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
The Edward Gostling Fund
The Hospital Saturday Fund
National Lottery – Community Officer
The Neighbourly Food and M&S Fund
Zoo trip
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
The Edward Gostling Fund
The Hospital Saturday Fund
National Lottery – Community Officer
Duchy of Lancaster Benevolent Fund
Groundwork UK
The Neighbourly Food and M&S Fund
Zoo trip
TOTAL FUNDS		 At
1.10.22
£
179,128
144
1,469
3,439
2,209
3,304
44,379
10,000
3,602
399
3,000
-
-
-
-
-
71,945
251,073
Incoming
resources
£
344,168
-
-
-
-
-
-
-
595
-
-
20,000
10,000
9,120
1,000
1,125
1,000
482
43,322
387,490		 Net
Movement
In funds
£
(42,452)
(144)
(452)
(323)
(358)
(3,304)
(1,055)
-
(2,426)
(399)
(3,000)
12,201
10,000
218
1,000
263
12,221
(30,231)
Resources
expended
£
(386,620)
(144)
(452)
(323)
(358)
(3,304)
-
(2,426)
(1,650)
(399)
(3,000)
(7,799)
-
(8,902)
(1,000)
(1,125)
-
(219)
(31,101)
(417,721)		 At
30.9.23
£
136,676
-
1,017
3,116
1,851
-
43,324
10,000
1,176
-
-
12,201
10,000
218
1,000
263
84,166
220,842
Movement
in funds
£
(42,452)
(144)
(452)
(323)
(358)
(3,304)
-
(2,426)
(1,055)
(399)
(3,000)
12,201
10,000
218
-
-
1,000
263
12,221
(30,231)

15

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

Comparatives for 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
The Triangle Trust – Covid-19
Bolton Council Infection Control
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)
(471)
(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)

The details of the restricted funds are as follows:

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 Infection Control

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

Hand on Heart

Funded to establish a defibrillator for family’s project.

The Halsall Foundation

To engage with and support families in the Lancashire area.

16

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Notes to the Financial Statements For the year ended 30 September 2023

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.

The Edward Gostling Fund

Funding provided towards costs incurred on the Home Support Project

The Hospital Saturday Fund

Funding provided towards costs incurred on the Home Support Project

National Lottery – Community Officer

Funding provided towards costs incurred on the Jungle Club Project

15 RELATED PARTY DISCLOSURES

During the year, the charity incurred costs amounting to £11,205 for and services provided by Tao Digital Marketing Limited, a company controlled by Trustee M Tomkin. These 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.

17

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Detailed Statement of Financial Activities For the year ended 30 September 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Fundraising events
Other 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
Website costs amortisation
Fixtures and fittings depreciation
Charitable activities
Trustees’ salaries
Trustees’ social security
Trustees’ pensions
Wages
Social security
Pensions
Insurance
Telephone
Carried forward		 2023
£
25,878
51,365
77,243
940
1,956
2,896
902
306,449
387,490
11,250
841
291
-
-
-
483
(30)
476
-
4,023
216
5,956
1,151
7,300
1,183
4,725
525
2,495
40,885
33,750
2,523
872
239,492
11,482
3,644
4,351
(50)
296,064		 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

This page does not form part of the statutory financial statements

18

Docusign Envelope ID: ECFECE6E-9F88-4AC0-81C4-A3CE464B32E8

Lagan’s Foundation

Detailed Statement of Financial Activities For the year ended 30 September 2023

Charitable activities
Brought forward
Postage and stationery
Advertising
Sundries
Rent
Computer costs
Event costs
Travelling
Repairs and renewals
Entertaining
Training
Professional fees
Visa and immigration costs
DBS expenditure
Subscriptions
Website costs amortisation
Fixtures and fittings depreciation
Support costs
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expenses		 2023
£
296,064
793
14,026
1,005
6,704
12,166
219
6,519
171
74
10,793
10,254
6,992
-
4,048
875
4,158
374,861
3
1,972
417,721
(30,231)		 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)

This page does not form part of the statutory financial statements

19