DUsign Envelope ID.. CEF8C87B-F9B84F65-9910-EDB4C1135C8F REGISTERED CHARITY NUMBER: 1154208 Report of tho Trustees and Unaudited Financial Statgments for the year ended 30 Septsmber 2024 For Lagan's Foundatlon
Dcrwgn EnvelDFe ID.. CEF8C87&F9884F65-991fhED84C1135C8F Lagan's Foundatlon Contents of the Financial Statements For the Year Ended 30 September 2024 Page Chalmian's Report 1 to2 Report of the Trustees 3to6 Independent Examlner's Report 5tstement of Flnanclal Actlvltlgs Balance Sheet Nolos to the Financial Stat8m8nts 10t018 Detalled Statement of Flnanclal Actlvlllas 19to20
Docusi9n Envekjpe ID." CEF8C878_F9WF65_9910.EDB4C1135C6F Lagan's Foundatlon Chalrman's Report For the Year Ended 30 Septemb•r 2024 1. Introductlon and Reflectlons This year has been defined by resilience. steady recovery and renewed purpose. As we continue our journey to rebuikl after the unprecedented challenges of re1 years, l am incredibly proud to report that care delivery rose by 17.35 per cent compaRd lo the previous period. This 1$ a powerful testament to the dedication of our growing team. Our strategic appointments in January 2024. which inciuded a Chief Operating Offir, a Fundraising Apprentice and a Lancashire Community Engagement offir, have been pivotal in strerkgthening our leadership and operational capacity- Beeen October 2023 and September 2024, we recruited 20 new staff members {15 in care and 5 in non-care roles) and welcomed 9 volunteers. This equales to an increase of 11 per cent in our workfo. Each indiv7dual has brought their unique energy and passion, reinforcing our vision and values. Our pilot community engagement work, supported by Awards forAII and the NW Hearts Charity, offered valuable insights into tegional needs. We Irialed Jungle Clubs in partnership with Ronald McDon8ld House Manchester and Breaking Barrters Sen50ry Café in Bolton. connecting families with our care and volun&r teams. While these sessions highlighted logistical challenge5, such as the need ft>r suitsble changing facilities, they also reaffirmed the importance of direct community engagement. One of the most heart-wamiing moments of the year was our much4oved Chester Zoo Summer Trip, where children, siblirMJs, family members and our care team came together. This annual event continue5 to provide a rare and treasured opportunity for farnilies to relax. reconnect and build shad memories in a safe and supported environment 2. Our Mlsslon and Vision Mission.. Heart Feli Care To prov¢de sFecialisl, community-based care and support to families of chiklren with heart condiiions and complex feeding ' needs. We aim to empower families, relieve pressure on hospitals and ervdure every chlld receives the care thgy deserve in the ¢omfort of th8ir own home and community. Vision- To be the twsled lifeline for families across the UK. providlng expert care and heartfelt support lo children with heart conditions and complex feeding challenges, right where they need it mos( al home. 3. S8rvl¢es Dellvered a. Core Servlces This year, we provided care lo 33 families through 3,530 visits. totalling 16,944 hours of supporL We are proud lo have worked in collaboration with.. Greater Manchester ICB (Bury, Trafford. Bolton) Cheshire and Merseyside ICB stockport, Trafford. Bury, Salford. Liverpool City and Sefton Councils b. servi Expansion Although we were not able io establish a new care hub this year, we appointed a Lancashire Engagement.OIFicer who SussfUllY built new netsv0S. resulting in 10 new referrals from Ihe regton one of which now receives donated care from a dedicated volunteer. Our financial strategy aimed to reduce an expected defictt of £90,000. From the appointment of our Chief Operating Offir to year-end la nine-month period}. we came remarkabty close to breaking even, ending the year with a small shortfall of jLESt £7,688. 4. Operational Highllghts a. Teatn and Workforce A key highlight was the appointmenl of Zak Willi5 as Chief Operating Officer. His pathership with our Chief Executive and HR team brought increased stsbilty. a strengthening of our values-based cruItment and an enhand culture of staff welfare and colLAbotation. We are nurturing a team that Iruty embodies our values. bringing heart professionalism and famity spirit into everything we do. 5. Fundralsing and Campalgns Fundraising Events Our flagship Cycle Challenge and th8 lively Mamma Mia Nighl were successfully delivered Ihi5 year. These events brought our community together while raising vital funds. b. Donor and Slewardship Development Despite the ongolng posl-COVID fundraising climats, we made strides in engaging new supporters. Our newly appointed fundraising team, allhough new in post. delivered the Cycle Challenge wlthin just four months. This was an incredible
DcKusign Envelope ID.- CEF8C87&FgB84F65.9510_EDB4C1135C8F Lagan's Foundatlon Chaimian's Roport For the Year Ended 30 S¢ptember 2024 achievement. Although participation was lower than pVIouS years. we caplured valuable feedback that will shape our future events. We launched our regular giving programme at netrAorking events and implemented the Enthuse fvndraising plaffomi, enabling easy, branded and userrycontrolled giving. Early feedback has b88n overwhelmingly positive. d. Financial Sustsinability We ck)se this year on a stronger financial foolin9, with a cohesive and motivated tgam in place to pursue suslainable growth. The upcoming year will focus on consolldation, continuing to professionalise our structure and intr¢)Jucing new apprenticeships in fundraising and marketing. We are al80 exploring the creation of a Head of Communications and Stewardshlp role lo support long-kmi operational success. On the care side. our team continues to grow in both strenglh and diversty. We are proud of the International perspectives within our workforce, which were c£lebraled during our Africa Day event. Organised entirely by our sl?ff, this cultural lebralion featured cuisine from across Africa, China and India along with dancing and much needed18ughler. It drew praise from all who attended and r8lnfor¢ed our'one family. ethos. 6. Future Dlrectlon: 2024 to 2025 and Beyond Organisational Goals The coming year presents new financial challenges, including unexpected thanges lo National Insuran¢e and wa98 uplrfts from local and health authorities. These shlfts may impact our inrne tsrgel of £850,000. A more realistic target in the current climate is £650,000. However, our agility and ability lo adapt will continue lo serve us well. b. Upcoming Campaigns Preparations ar8 already underway for our fifteenth anniversary celebrations in 2026, which we intend to mark by tÈlebraling with our stskeholders. In parallel, we are worklng in partnership with Manchester Business School on a separate project focused on stakeholder engagement. This initiative will explorg who our stak•holders are, what they need and want from u8, and how we can communicate and collaborate with them more effectively and efficienlty lo turther our charitabl8 objectives. c. Innovation and Partnership5 A particulady excillng development is our partn8rship wilh local unwersities to offer placements for NHS student nurses. Through collaboration with Bolton, Salford and Manthester universltles, we are bulldlng an innov81ive rn91 for community-based learning. Students will gain hands-on experience under tho supervision of registered nurses. developing essential skills and awareness of the unique support Lagan's Foundation provides. We hope Iheywill become advocatss for our work in the wider healthcare system. 7. Acknowledgemonts On behalf of the Board of TTU8te8s, l extend heartrelt thanks to our familles, staff, volunteers, donors and COMMS1Oners. Your support makes everything we do possiblg. We 0150 express our gratitude lo our university and college pathers, whose collaborallon helps shape the future of community healthcare. Together, we are buIldIng Stronger than ever. with care. compassion and conviction. With gratitude, a06119¥F£1w2... Chair of Trustees 23 Juty 2025 Dated
DoDJsign Envelo ID.. CEF8C87B-F9B8AF65-9910-EDB4C1135C8F Lagan's Foundation Report of the Trustegs For the Year Ended 30 Septsmr 2024 The trustees present their report with the financial statements of the charity for the year ended 30 September 2024. 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 ACTivmES Obj8CtÉves and alms The chartys objectives are". to prOde short at home respite care for families with babies and children under the age of 19 who have been diagnosed with acquired or congenital heart defects andlor feeding difficulties. to prowde support and information re8ources to families with babEs and chihjren under the age of 19 who have been diagnosed with acquired or congenital heart defects andlor feeding difficulties. Ensuring our work delivers our alms We review our aims, objectives and activities each year. The review looks at the success of each key activity and the benefits they ha brought to those groLtps of people we are set up to help. The review a150 helps us ensure our aims. objectives and xtivities remain focused on our ststed purposes. We have referred to the guidance contained in the Charity Commisslon's general guidance on public benefit when r8viewing our aims and objectwes and in planning our future aclivilies. In particular. the Trustees consider how planned actwities will Contribute lo the aims and objectives they have set. Public benefll The Truslees confirm that they have complied with the requifements of section 4 of Ihe Charlties Act 2011 to have due regard to the public benefit guidan(x publlshed by the Charty Commission for England and Wales. How our activitles dellver public benefit Our main actiwties and who we try to help are described below. Lagan's Foundalion aims to meet its charitable objectives by offering physical and emotional support on a weekly basis to parents or carers who are prenatslly diagnosed or who are looking after a baby or Child aged 19 or under diagnosed with a heart defect or a feeding dlfficuFty, eilher at home or in hospital. Lagan's Foundation ar8 able to supply a trained carer to the indNidual's home andlor hospital ward lo help in any way they can, from providing respite care to simply being someone to speak lo. All Care provided by Lagan's Foundation are train1 lo understand the basics of lite support, cardiac care. stoma care, speech and language therapy. dietebcs, moving and handling and infection control. In addition, they are Level 2 child protection certified and have completed an enhand chikl Workfo DBS check. Where appropriate they will also re1ve hoist, medication administration, epilepsy aw8reness and rescue medication. ventilation use. safe oxygen use, autism awareness, challenging behaviour awareness and competency-based pump feed training. The Trustees confim that we have due ward to the Charity Commissi)n guidan on public benefit reporting in decKling the actimties 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 Rising activities. The$8 eflorts are greatly appreciated by the Trustees. ACHIEVEMENT AND PERFORMANCE Charltsble actlvltles This year. we providgd care to 33 families through 3.522 visits, totalling 16,944 hours of support. We are proud to have worked in collaboration with.. - Greater Manchester ICB (Bury, Trafford, Bolton) Cheshlre and Mers8yside ICB
Docusign Envelope ID.. CEF8C87B-F9584F65-99lEDB4c1l35c8F. Lagan's Foundation Report of Trustees For the Year Ended 30 Seplember 2024 - Stockport, Trafford, Bury, Salford, Liverpool City arvj Sefton Counals Service ExpansioTr Although we were not ab to establish a new care hub this year, we appointed a Lancashire Engagement Offi¢erwho successfully built new netsvorks, resulting in 10 new referrals from the region one of which now receives donated care from a dedicated volunteer. Our financial strategy aimed lo reduce an expected de)Icit of £g0.000. Frorn the appointment of Dur Chief Operabng Officer lo year*nd la nine-monlh period), we came remarkably close ID breaking even, ending the year with a small shortfall of just £7,688. FINANCIAL REVIEW Flnanclal position Incomiro reSoUrS for the year amounted lo £562.578 (2023- £387,490). The deficit of expendire in excess of income in the year was £7,68812023 deficit of expendibjre over income of £30.2311. Principal funding sources The Charity's primary sources of funding durfng the year were deiived from the provision of care, donalions from private indtviduals and cornpanies and a¢ grant funding from a number of Sour$. Investment pollcy and objectiv05 The Charity has no long-lemi investments. At present all funds aro held in an interest-bearing bank accounL and the Charity will continue to seek to obtain the besl interest P)Ssible on these funds. Reserves policy The Trustees have agreed that the Charity should aim lo maintain unrestricted r8s8rvgs al a mlnimum level which 8quates to 3 months, operating costs, which the Trustees considerto be currently approxim8tely£180,000. This would enable Lagan's Foundats'on lo continue lo offer its core support Servi to families in the event of a sudden Ios5 of funding. At 30 September 2024, Un1cted reserves lotalled £163.850 12023 - £136.6761 and the restricted reserves tolalled £49.30412023- £84.1861. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Lagan's Foundation is a Charitable Incorporated Organisalion ICIOI govemed by a constitution dated 14 October 2013. and was regisiered as a Gharity. number 1154208, wilh The Charty 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 ba515 and they a150 spend a considerable amount of lime throughout the year managing and developing the charity and ils activits. Newty appointed TruslBe5 are provided with a comprehensive inducb.on lo Lagan's Foundation through the provision of specialist trustee training. STRUCTURE, GOVERNANCE AND MANAGEMENT Oryanlsatlonal structure Lagan's FDundation is governed by the Board of Trustees. The Board of Trustees are responsible for setting the strategic direction of the organisalion and the policy of the charity- The Tnjslees cary the ultimate responsibility for the conduct of Lagan's Foundation and for ensuring thal Ihe Charity satisfies ils legal and contractual obligab"ons. The day lo day running of the Charity is overseen by Karen Bell. the CEO, who is a551sled primarily by a Business Development & Fundraising Officer and other support staff. In ackjition. there is an Events Committ88 who meet regularly throughout the year lo assist In OrganIng fund raising events.
Oc*wgn Envelope ID.. CEF8C87B_F9B84F65_991CkEDB4C1135C8F Lagan's Foundatlon Report of thè Trusts•s For the Year Ended 30 September 2024 Risk management The Trustees acknowledge their respcjnsibility for identifying and reviewing the major risks lo which the charity is exposed and for ensuring that appropriate systems and contro15 are in place to provide reasonable assur£n against fraud. error. and operational disruption. The Trustees consider the principal risks facing the tharity to include.. Recruilmenl and Retention of Htgh-Quality Staff.. The delivery of our care services and the effective operation of the charity are dependent on the rectuilment and retenb.on of skilled, dedicated personnel. Any shortfall in staffing levels may adversely affect our ability lo deliver services to the standard required. Intemalional Sponsorship Complian- As a licEnsed sponsor under the UI<VI system. the charity is exposed to compliance risks associated with the recruitment of overseas staff. Any failure to meet the sponsorship requirements-such as errors in the application of Certificates of SponsDrship ICOSI or breaches of immigration rules-could result in serious cL)nSequenS, including the loss of our sponsor licence. To mitigate this, our re¢ruitmenl team continuously updates ils knowledge and practi in line with the lalg$1 UKVI regulations arKI guidance. To address these risks, the Trustees ensure that.. Robust safer recruitment pro¢edures arè consistently applEd', JI staff and voluntsers undertake appropriate indu¢b'on and ongoing training.. K8y risks are regulady r6vlowed and discussed at Truslee meetings., Comprehensive insurance cover is maintained., Overslghl mgchanisms are embedded Into governance and operational practice. The Trustees remain committed to maintaining a strong risk managemenl framework lo safeguard the charity's assets, reputstitsn. and abllity ID deliver its mission effectivety. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1154208 Principal address Flexspace Manchester Road Bcilton Lancashire BL3 2NZ Trustees Karen Bell Russell Ashworth David Howarth Matt Tomkin Neil Hutton Stephen Kaye (resigned 21 September 20221 Indopondent Examlner Andrew Simm FCA Smith & Goulding Limited ICharteTed Accounlanlsl 24 Southport Road Chorley Lan¢ashire PR7 1LB
DocAJsign EnveloFe ID.. CEF8C878-F9B&4F6s-991¢DB4C1l35c8F Lagan's Foundatlon Report of the Trustees For the Year Ended 30 September 2024 Bankers Barclays Bank p 1 Market Street Bolton BL1 1BU 23 July 2025 Approved by order of the board of trustees on .-.......... - and signed on its behalf by:
Docusign Envelope ID.. cEF8C87B-F9B84F65-991EDB4C1l3sC8F Independent Examinerf5 Report to the Trustees of Lagan's Foundatlon Independent examinerfs report to tho tru518es of Lagan's Foundation I report to the charity Iruslees on my ex8minalion of the accounts of Lagan's Foundallon Ilhe Charity) lor the year ended 30 September 2024 which are sel out on page5 8 to 19. Responsibilitie5 and basi5 of report As the charity Iruslees of the Charity, YOU are respon5ib12 for the preparation of the Bc£ounts in accoidance with the requirements of the Charities Act 2011 1.the ACV). 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 ty the Charity Commission under section 14515)(b) of the ACL Independent examine5 ¥tstoment 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 confimi that l am qualified to undertake the examination because l am a member of Ihe Institute of Chartered Accountants in England and Wai8s. which is one of the listed bodies. I have completed my examinatlon. I confirm thal no material matters have come to my attentton in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by secuon 130 01 the Act,. or the accounts do not a¢xord with those cOrd$.,0r Ihe accounts do not comply with the applicable requirements Conrning the form and conlenl of accounts sel out in Ihe Charitie5 (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 shoutd be drawn in this report in order lo enable a proper urtderstanding of the accounts lo be reached. Signed.. Mr Andrew Simrn Bsc FCA Smith & Goulding Lirnit8d 24 Soulhport Road ChoTley Lancashire PR7 1LD
DocusvJn Envelope ID.. CEF8c878-F9BF65-99lODB4C1l35c8F Lagan's Foundation ststgment of Financial Activitles For the Year Ended 30 September 2024 Notes Unrestricled fund Restricted Funds 2024 Total funds 2023 Total funds INCOME AND ENDOWMETrifs FROM Donations. legacies and granls 13,833 6.286 20,119 77.243 Charitable octivilie5 Provision of care 530.401 530.847 306.449 Other trading actiwties Investment income 10,134 1,478 10,134 1,478 2,896 902 Total 555,846 6,732 562,578 387,490 EXPENDITURE ON Raising funds 37,334 37,334 40,885 Charltable 8Ctivitles Provision of care 491,338 41.594 532,932 376,836 Total 528,672 41.594 570,266 417,721 NET INCOMEI(DEFICIT) 27.174 134.862) {7.688) (30.2311 RECONCILIATION OF FUNDS Tolal funds brought forward 138.676 84.166 220,842 251,073 TOTAL FUNDS CARRIED FORWARD 163,850 49,304 213,154 220,842 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes fom) part of th8se financi81 statements
DccusBJn Envelope ID.. CEF8C87B-F9B84F65-9910-ED&4C1135C8F Lagan's Fcundatlon Balan¢e Sheet 30 September 2024 Notes Unrestricted Restricted fund Funds 2024 Total funds 2023 Totsl funds FIXED ASSETS Tangible Assets IntangIb Assets 11 14.580 1,400 6.096 20,676 1,400 25.752 2,800 15,980 6.096 22,076 28.552 CURRENT ASSETS Inventory Debtors Cash at bank 9,508 84,620 75,035 9,508 84,620 118.243 9,548 57,336 140.601 12 43,208 169,163 43.208 212,371 207,485 CREDITORS Amounts falling due wllhin ane year 13 {21,293) 121,2931 115,195) NET CURRENT ASSETS 147.870 43,208 191,078 192,290 TOTALASSETS LESS CURRENT LIABILITIES 163.'850 49,304 213.154 220,842 NET ASSETS 163,850 49,304 213.154 220.842 FUNDS Unrestri¢ted funds Restrtcled funds 14 14 163,850 163,850 49,304 136.675 84,167 49,304 TOTAL FUNDS 163,850 49,304 213,154 220,842 The Financial Statements were appraved by the Board of Trustees and authorised for issue on signed on its tehalf by.. 23 July 2025 . and were Karen Bell- Twstèe The notes fo part of these financial statements
Docusign Envelope ID.. CEF8C879-F9B84F65-9910-EDB4C1135C8F Lagan's Foundatlon Notes to tha Financial Statements For the year ended 30 September 2024 1 ACCOUNTING POLICIES Basls of preparlng the financial ststornents The financial statements of the charty, which is a public benefit entity UTtdei FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 102)'Accounting and Reporting by Charities: Statement of Recommended Practi appltcable to charilies preparing theiraccounts in accordance with the Financial Reporting Standallj applicable in the UK and Republic of Ireland {FRS 102) (effeclNe 1 January 20191,. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Chanties Act 2011. The financial statements have been prepared under the historical cost convention. The financtal statements are presented in sterling. Preparatlon 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 expendittjre is sufficient with the level of reserves for the charity to be able to Continue as a going concem. The charity has taken advantage of the following disclosure exemptions in prep8ring these financial statements. a5 pemiitted by FRS 102 'The Financial ReportÈng Stsndard applicab18 in Ihe UK and Republic of Ireland,: th8 requirements of Section 7 Statement of Cash Flows.. the requirement of Section 3 Financial Statement Presentstion paragraph 3.17ld)', the requirements of Section 11 Financial Instruments paragraphs 11.41(b). 11.41{cl. 11.41 lel, 11.4110, 11.42, 11.44, 11.45, 11.47. 11.48(a)liii), 11.48lallN), 11.48lb) and 11.48lcl. Incoffle All income is recognised in the Statement of Financial Activities once the charity has entitlementto the fund5, il b probable Ihal Ihe income will be received and the amount can be rneasud reliabty. Donations, gifts and otherfoms ofvoluntary income a CogniSed as incoming resources when recefved. Income derived from fund raising events is recognised afterthe complelion of an event. Grant income is recognised atthe point that payment is reIVed Into the charlty's bank account. Bank interest is included in the income and expendire account on receipt. Expenditure Liabilities are recognised as expenditure as soon as there is a lag81 ar constructive Oblig8n ojmmitting the charity to th*t expenditure, it is probable that a transfer of economic benefits will be iequiwed in settlement arKI the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accruals basis and has been cla5srfied 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 actimties and services for its beneficiaties. It includes both costs that can be allocatsd directly to such actiwties and those costs of an irKlirect nature ne$sary to support them. Costs relating to a particular actnity are allocated d1ctly, othets are appDrtioned on an apppriate basis such as staff time dedicated to each activity. Charitable activitias The charitable activity is the prowsion of care to relieve sickness and preserve and protect the good health of children under 19 who have been diagnosed with an acquired or congenitsl heart defect andlor feeding difficulties and to support their familie5 and carers in such ways as the trustees shall think fft, iri particular bul not exclusively by the provision of advi, infomialion, counselling and respite care. This includes care financed from Iccal authorities as well as care given free of charge or for minimal contribution from Ihe families of the children. The monies receiwj for care enable the charity to provide more care to those families unable to afford assistsnce and those families not eligible for paid care. AllotIOn and apportionment of Costs Costs relating to a particular aGtivty a allocated dire¢tty, others are apportioned on an appropriate b88is such as staff time dedicated to eachactivity- io
Docusign Env2lope ID.. CEF8C87B_F9B84F65-9910.EDB4C1135C8F Lagan's Foundatlon Notes to the Flnanclal Ststgmgnts For the year ended 30 September 2024 Intangible fixed assets Website development costs are amortised over the estimated useful life of three years. Tanglble fixed assets Depreciation is provided al the following annual rates in order to write off each asset over its estimated useful life. Fixtsjres, fittings and equipment- 10% to 25°A reducing balance Taxation The charity is exempt frorn tax on its charilable activilies. Fund accounting Unrestricted f(tnds can b8 used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds ¢an only be used for particular restrtcted purposes within the objects of the charity. Re51rlGtions arise when specified by the donor or when funds are raised for parti¢ular restricted purposes. Penslon costs and othor post4etiroment beneflts The charity operates a defingd contribution pension scheme. Contributions payable lo the charity's pension scheme are harged to the Statement of Flnancial Activities in the period to which Ihey relate. Donated goods Donated services and donatsd 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 ¢an be measured reliably. In accordance with the Charities SORP IFRS 102), the general volunteer ts'me the charity receives is not recognised and please refer to the Trustees, port for MOR infomialion about Iheircontribution, 2 DONATIONS AND LEGACIES 2024 2023 Donations Grants 13,833 6.286 20,119 25,878 51,365 77,243 During the year Lagan's Foundation received the fr>lh)wing grants.. The UKH Foundation awarded £5,000 to fund home support and community projects Groundwork UK awarded £375 to fund horne support services The Heswall Round Tab18 awarded £1,000 to fund donaled care 11
Docusign Envelope ID." CEF8C87&F9884F65-9910-EDB4C1135C8F Lagan's Foundatlon Notss to the Flnanclal Ststements For the year ended 30 September 2024 3 OTHER TRADING ACTivfTIES 2024 2023 Fundraising income other income 4,263 940 1,956 2,896 10,134 4 INVESTMENT INCOME 2024 2023 Deposit a¢Munt interest 1,478 902 S INCOME FROM CHARITABLE ACTIVITIES 2024 Provision of care 2023 Total activities Provision of care 530.847 306.449 12
Docusign EnveloF¢ ID.. CEF8C87&FgB8AF65-S910-ED84C1135C8F Lagan's Foundatlon Notès to the Financlal Statements For the year ended 30 September 2024 6 CHARITABLE ACITVITIES COSTS Support Costs (see nole n Direct ¢osts Totals Provision of care 530,381 2,551 532,932 7 SUPPORT COSTS Governance costs Finance Totals Provision of care 508 2,043 2,5510 The independent examiners fee of £1.500 is included in accounlancy fees. Support costs. induded in the above. are as follows.. Finance 2024 Provision of care 2023 Tol81 activitie5 Bank charges 508 Governance costs 2024 Provision of rAre 2023 Total activities Accountancy and legal fees 2,043 1,972 8 TRUSTEES, REMUNERATION AND BENEFrrs 2024 2023 Trustees. salarEs Trustees, socral security Trustees. pensions 45,000 3.339 1.163 49,502 45,000 3.364 1,163 49.527 Trustees, remuneration noted above was paid lo Trustee Karen Bell in accordance with and in respect of her ongoing role as Chief Executive Officer of the charity. Trustees, 8xp•ns8s During the period expenses totalling £26112023- £4501 were paKI to Karen Bell in relation to travelling and reimburs costs. 13
Docusign Envelopè ID: CEF8C879B84F6s-gg1&EB4C1l35c8F Lagan's Foundation Notes to the Financial Ststements For the year ended 30 Sfrptsmber 2024 g STAFF COSTS 2024 2023 Wage5 and salaries Social security costs other pension costs 424,617 25,214 8,088 457,920 284,492 14,846 4,807 304,145 The average monthly number of employees durlng the year was as follows.. 2024 2023 Provision of care Management and adminislralion 17 26 18 10 COMPARATIVES FOR THE sTATEmETr OF FINANCIAL ACTIVITIES Unrestrtcted Restricted fvnd Fund5 Total funds INCOME AND ENDOWMENTS FROM Donations and legactes 34,516 42,727 77,243 Charltable activitie$ Provision nf care 306,449 306,449 Other trading activities Investment income 2.301 902 595 2,896 902 Total 344,168 43.322 387,490 EXPENDITURE ON Raising funds 40,885 40,885 Charltsbl• actlvltles Provision of care 345,736 31,100 376,836 Total 386,620 31.101 417,721 NET INCOME 142,4521 12,221 130.231) RECONCILIATION OF FUNDS Totsl funds brought forward 179.128 71,945 251,073 TOTAL FUNDS CARRIED FORWARD 136,676 84,1fj6 220,842 14
Dwsign Envelope ID". CEF8C87B-F9884F65-991EDB4C1l35C8F Lagan's Foundation Notes to the Financial Statements For tha year ended 30 Soptsmbgl 2024 11 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 October 2023 Additions 43.871 AI 30 September 2024 43,871 DEPRECIATION Al 1 October 2023 Charge for the year 18,117 5,077 At 30 September 2024 23.194 NET BOOK VALUE At 30 September 2024 20.676 AI 30 Seplernber 2023 25.752 12 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors 79,242- 5,378 84,620 51.572 5,765 57,336 13 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade ¢ditOrS Taxation and social security other creditors 8,813 7,018 5,462 21,293 5,853 5,194 4,148 15,195 15
Dctusign Envelope ID.. CEF8C87B-F9884F65_9910.EDB4C1135C8F Lagan's Found*lon Notes to the Financlal Statements For the year endod 30 September 2024 14 MOVEMENT IN FUNDS Net Movement In fvnds At 1.10.23 At 30.9.24 Unrestrictgd funds General fund 136,676 27,174 163,850 Restricted funds The Triangle Twsl- Cowd-19 National Lottery- CoMd-19 The Clolhworkers Foundation HOH Defibrillators for Families The Halsall Foundation The Tru& Colour Trust The Edward Go5tlin Fund The Hospital Saturday Fund National Lottery- Community Officer The Neighbourfy Food and M&S Fund Zoo trip GroundwoTk' Heswall Round Table UKH Foundation 1,017 3,116 1,851 43,324 10,000 1,176 12,201 10,000 218 1,000 263 1254) 13,1161 1304) 1230) 19,622) 11,176) 112,201) iio,0001 1218) 11,0001 1263) 591 1,000 1,931 34,862 763 1,547 43.094 378 591 1,000 1,931 49.304 84,166 TOTAL FUNOS 220,842 ,688 213,154 Net movement in fvnds. included in the above are as follow5.. Incoming reSoUS Resources expended Movement in funds UnroStrl¢tsd lunds General fund 555,846 1528,672> 27,174 Restricted funds The Triangle Trust- Covid-19 National Lott8ry- Cowd-19 The Clothworkers Foundallon The Halsall Foundation The True Colour Trust HOH Deff brillalors for Families The Edward Gosilin Fund The Hospital Saturday Fund National Lottery- Community Offlcer The Nelghbourly Food and M&S Fund Zoo trfp Groundwork Heswall Round Table UKH Foundalion 1254) 13,116) (304) 19,657) 11,176> 1230) 112.396) 110,000) 13,287) 1911) 1263) 12541 (3,1161 13041 19,6221 11,1761 12301 112,2011 110,000) 12181 11,000} (263) 591 1,000 1.931 35 195 3,069 1891 591 1,000 1,931 6.732 141,5941 134,862 TOTAL FUNDS 562,578 1570,2661 17.6881 16
DctJJsign Énvelope ID.. CEF8C87&F9B84F65-9910-EDB4C1135C8F Lagan's Foundation Notes to th8 Financial Ststernents For the year ended 30 September 2024 Comparatives for movement in funds Al 1.10.22 Movement In funds At 30.9.23 Unr&stricted funds General fund 179.128 (42,4521 136,676 Raslricted funds Bauer Radio's Cash Hlts Radio (Cash for Kids) The Triangle Trust- Covid-19 National Lottery- Covid-19 The Clothworkers Foundation Bolton Council Infection Control HOH Defibrillator5 for Famili8S The Halsall Foundation The True Colour Trust Greggs Foundation Zedra Trust The Edward Goslling Fund The Hospital Saturday Fund National Lottery- Community Officer The Neighbourty Food and M&S Fund Zoo trip 144 1,469 3,439 2.209 3,304 44.379 10,0 3,602 399 3,000 11441 14521 {3231 1358) 13,3041 11.055) 1.017 3,116 1.851 43,324 10,000 1,176 12.426) 13991 (3,000) 12,201 10,000 218 1,000 263 12,221 12.201 10,000 218 1,000 263 84,166 71,945 TOTAL FUNDS 251,073 130,231) 220,842 Net movement in funds, induded in the above are as follows.. Incomirvj resources Resources expended Movement in funds Unrestrlcted funds General fund 344,188 (386,6201 {42,4521 Restrictsd fundg Bauer Radio's Cash Hits Radio {Cash for Kids) The Triangl8 Trust- Covid-19 National Lottery The Clothworkers Foundation Bolton Council Infection Control The Halsall Foundation The True Colour Trust HOH Defibrillalor5 for Farnilies Greggs FouThlation Zedra Trust The Edward Gostling Fund The Hospital Saturday Fund National Lottery-community Officer Ducty of Lancaster Benevolenl Fund Groundwork UK The Neighbourty Food and M&S Fund Zoo trip 1144 14521 13231 (358} (3,304} 11441 14521 13231 1358) (3,304) (2,4261 {1,6501 {3991 (3,(K)01 (7,7991 12,4261 11,0551 (3991 13,0001 12,201 10,000 218 595 20,000 10,000 9,120 1,000 1,125 1.000 482 18,9021 11,000) 11,125) 1.000 263 (2191 43,322 {31,101) 12.221 TOTAL FUNDS 387,490 1417,7211 (30,2311 17
Docjjsign Envel ID. CEF8C87&F9B84F6&991(kEDB4C1135C8F Lagan's Foundation Notes to the Flnanclal Statements For the year ended 30 September 2024 The details of the restrtcted funds are as follows.. The Clothworkers Foundation To provide funds to allow the charity to continue to provide training to support workers despite the c105ure of usual facilities. Bolton Councll Infectlon Control Funding to enable to the charity trj establi%h a strong infection control protocol. Hand on HBart Funded to establish a defibrillators for families project. The Halsall Foundatlon To engage with and support families in the Lancashire area. The True ColouF5 Trust Funding lo support core operatlOn3 and the provision of PPE for support worke. Greggs Foundatlon Funding provided to provide community acttvities for supported children. The Edward Gostlln Fund Funding provided towards costs incurred on the Home Support Project The Hospital &iturday 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 £10,920 for and se5 provrded by Tao Digital Marketing Limited, a company controlled by Truste& M Tomkin. Thesg services wer8 provided at a substantial discount to the charity and which reffected cost pr. During the year, the charity incurred costs amountin9 to £3,142 for and services provided by Lagan's Healthcare Limitgd, a company controlled by Trustee K Bell. other than the above. and transactions with Trustees disclosed elsewhere in the financial statements, no further related paty disclosures are required. 18