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REGISTERED CHARITY NUMBER: 1154208
Report of the Trustees and
Unaudited Financial Statements for the year ended 30 September 2025
For
Lagan’s Foundation
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Lagan’s Foundation
Contents of the Financial Statements For the Year Ended 30 September 2025
| Page | |
|---|---|
| Chairman’s Report | 1 to 4 |
| Report of the Trustees | 5 to 9 |
| Independent Examiner’s Report | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Financial Statements | 13 to 21 |
| Detailed Statement of Financial Activities | 22 to 23 |
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Lagan’s Foundation
Chairman’s Report For the Year Ended 30 September 2025
1. Introduction and Reflections
This year has been one of growth, impact and optimism for Lagan's Foundation.
As demand for specialist community care continues to increase, our team has responded with dedication, compassion and professionalism, ensuring that more children and families received the support they need when they needed it most. Over the course of the year, we delivered 3,939 care visits and provided 20,359 hours of specialist support to 29 families across Greater Manchester and Merseyside. Behind every visit is a family able to rest, recharge and focus on being parents rather than full-time carers. Behind every hour of care is a child receiving safe, high-quality support from a team committed to helping them thrive within their own home and community.
While these numbers are significant, the true measure of our success lies in the confidence, resilience and improved quality of life experienced by the families we support.
We remain immensely proud of our position as the only organisation in the United Kingdom providing CQC-regulated donated care for children living with heart defects and complex feeding needs. During the year, we delivered 96 donated care visits free of charge, ensuring specialist support remained accessible to families who needed it most, regardless of their financial circumstances.
The Trustees would also like to formally recognise the incredible contribution of our care teams. Their professionalism, compassion and commitment underpin everything we achieve. The support we provide to families simply would not be possible without them.
2. Our Mission and Vision
Mission: Heart Felt Care
To provide specialist, CQC-regulated community-based care and support for children living with heart conditions and complex feeding needs through commissioned and charitable services. We aim to empower families, reduce pressure on acute healthcare services and ensure every child receives the care they deserve in the comfort of their own home and community.
Vision:
To be the trusted lifeline for families across the United Kingdom, providing expert care and heartfelt support to children with heart conditions and complex feeding challenges, right where they need it most, at home.
3. Our impact during 2024/25
Delivering Life-Changing Care
Lagan's Foundation delivers CQC-regulated packages of care for children with heart conditions and complex feeding needs through a combination of Continuing Healthcare (CHC), Local Authority commissioned services and charitable donated care provision.
Our services range from short-break and respite support through to extended long-term care packages, enabling children to remain safely at home while reducing pressures on families, hospitals and statutory services.
Throughout the year, our dedicated care teams delivered:
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3,939 care visits
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20,359 hours of specialist care
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Support to 29 families
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Services across Greater Manchester and Merseyside
The increase in care hours reflects both growing demand and the confidence that commissioners and families place in our services. Every hour delivered provides practical support, clinical reassurance and valuable respite, allowing parents and carers to focus on family life while knowing their child is receiving safe, high-quality care from trained professionals. Our work enables families to attend appointments, maintain employment, spend quality time with siblings, improve their own wellbeing and, most importantly, keep children at the centre of family life within their own homes and communities.
As a CQC-regulated provider, we remain committed to delivering safe, effective, caring, responsive and well-led services that place children and families at the heart of everything we do.
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Lagan’s Foundation
Chairman’s Report For the Year Ended 30 September 2025
Regulated Donated Care
Providing donated care remains a fundamental part of our charitable purpose and continues to address a critical gap in support for families caring for children with heart defects and complex feeding needs.
During the year, our teams delivered 96 donated care visits, providing specialist, regulated support free of charge to families experiencing significant challenges. Although this represents a lower number of visits than we had initially hoped to achieve, this was primarily the result of a reduction in volunteer availability during the reporting period rather than a reduction in demand.
Despite this challenge, we remain committed to maintaining the highest standards of care. All donated care is delivered under the same robust governance arrangements, training requirements, supervision processes, quality assurance standards and Care Quality Commission regulations as our commissioned services.
Lagan's Foundation remains proud to be the only organisation in the United Kingdom offering CQC-regulated donated care specifically for children living with heart defects and complex feeding needs . This unique service ensures that financial circumstances are not a barrier to accessing expert care and support.
As we continue to strengthen volunteer recruitment, engagement and retention, we hope to increase the availability and reach of this vital service in the years ahead.
4. Bringing Children and Families Together
A highlight of the year was the successful delivery of our family engagement programme, made possible through the support of three grant awards.
These grants enabled us to organise and deliver a range of summer experiences and activities for the children and families we support. While enjoyable in their own right, these activities achieve much more than simply providing a day out.
For many families caring for children with complex health needs, opportunities to connect with others in similar circumstances can be limited. Our events provide a welcoming environment where children, siblings, parents, volunteers and care teams can come together, share experiences and build meaningful relationships.
One of the most rewarding outcomes has been witnessing friendships develop over time. Children who first met at Foundation events in previous years are now recognising one another when attending future activities. This growing sense of familiarity, belonging and community is helping to reduce social isolation and create a supportive network for both children and parents.
The overwhelmingly positive feedback received from families demonstrates the lasting value of these experiences and highlights the importance of continuing this work in the future.
5. Investing in Organisational Growth
Building a sustainable and resilient organisation remains a key priority for Lagan's Foundation.
During the year, we welcomed a new apprentice specialising in Public Relations and Communications. This investment was made to strengthen engagement with families, supporters, commissioners and stakeholders while increasing awareness of our services and extending our reach through digital and social media platforms.
As a specialist charity operating within a highly niche area of healthcare, effective communication is essential. By improving how we engage with our audiences and share our impact, we can ensure more families become aware of the support available to them while strengthening relationships with funders, donors and partners.
This role will play an important part in helping us tell our story, demonstrate our outcomes and support future growth.
6. Financial Sustainability and Future Growth
The most significant development towards the end of the reporting period was receiving confirmation that Lagan's Foundation had successfully secured a BBC Children in Need grant.
Awarded in September 2025, this funding will provide support over the next three years and represents a transformative milestone for the charity. The grant will contribute towards core organisational costs, helping us strengthen our
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Lagan’s Foundation
Chairman’s Report For the Year Ended 30 September 2025
infrastructure and build long-term sustainability.
This award reflects the confidence that one of the United Kingdom's most respected grant-making organisations has placed in our work and in the impact we deliver for children and families.
Measuring What Matters
As part of the investment provided through our BBC Children in Need funding, we will strengthen our approach to outcome monitoring and impact measurement. While the number of visits and hours delivered remain important indicators of activity, we recognise that the true value of our work lies in the difference it makes to the lives of the children and families we support.
Over the coming years, we will measure the impact of our care packages against three key outcome statements:
1. I feel more emotionally stable
2. I have a stronger sense of belonging
3. I feel less isolated
These outcomes reflect many of the challenges experienced by the children and families we support and align closely with our mission to provide not only practical care, but also emotional and social support.
Working alongside children, young people and their families, we will continue to gather evidence and feedback relating to these outcomes and report on our progress annually. This approach will help us better understand the difference our services make, inform future service development and demonstrate the long-term impact of our work to families, commissioners, funders and stakeholders.
By combining high-quality regulated care with meaningful outcome measurement, we aim to ensure that every hour of support delivered contributes towards improving wellbeing, confidence and connectedness for the children and families we serve.
This funding will enable us to:
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Strengthen our workforce and organisational capacity.
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Improve outcome monitoring and impact measurement.
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Enhance service quality and efficiency.
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Increase the number of children and families we can support.
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Build stronger foundations for future growth and sustainability.
As demand for our services continues to rise, this investment provides the stability and confidence needed to plan for the future and extend our reach to more families who need specialist support.
Further information regarding the impact of this funding will be reported in future annual reports covering the period from 2025/26 onwards.
7. Looking Ahead
As we move into the next financial year, our priorities remain clear:
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Expanding access to specialist care provision.
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Increasing the availability of donated care.
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Strengthening outcome measurement and impact reporting.
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Enhancing engagement with funders, supporters and stakeholders.
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Developing our workforce through training, apprenticeships and professional development.
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Continuing to create opportunities that reduce isolation and bring families together.
The demand for our services remains significant, but so too does our determination to meet that need.
With the support of our staff, volunteers, commissioners, grant funders and partners, we are confident that Lagan's Foundation is entering an exciting period of growth and development.
As we approach our fifteenth anniversary in 2026, we remain committed to ensuring that every child and family we support receives not only exceptional care, but also the compassion, understanding and opportunities they deserve.
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Lagan’s Foundation
Chairman’s Report For the Year Ended 30 September 2025
8. Acknowledgements
On behalf of the Board of Trustees, we extend our heartfelt thanks to our families, staff, volunteers, commissioners, donors, grant-makers and supporters.
Every care visit delivered, every hour of support provided, every fundraising effort undertaken and every act of kindness shown contributes directly to the lives of the children and families we serve.
Together, we are doing more than delivering care. We are building confidence, reducing isolation, strengthening families and creating brighter futures for children with heart conditions and complex feeding needs.
With gratitude, Karen Bell Chair of Trustees Dated …………………… 17 July 2026
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Lagan’s Foundation
Report of the Trustees For the Year Ended 30 September 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. 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:
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to provide 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 and/or feeding difficulties.
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to provide support and information resources to families with babies and children under the age of 19 who have been diagnosed with acquired or congenital heart defects and/or feeding difficulties.
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.
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Lagan’s Foundation
Report of the Trustees For the Year Ended 30 September 2025
ACHIEVEMENT AND PERFORMANCE
Public Benefit and Charitable Impact
Throughout 2024/25, Lagan's Foundation continued to deliver its charitable objectives by improving the lives of children with heart conditions and complex feeding needs, whilst providing practical and emotional support to their families.
Our charitable activities are designed not only to provide specialist care, but also to create opportunities, reduce isolation, strengthen family resilience and improve wellbeing. We recognise that the impact of a serious childhood health condition extends far beyond the child themselves, affecting parents, siblings and wider family networks. Our services therefore aim to support the whole family.
Delivering Specialist Care Where It Matters Most
The Foundation continued to deliver specialist, CQC-regulated care packages within children's homes and communities through a combination of Continuing Healthcare, Local Authority commissioned services, private arrangements and charitable provision.
For many families, access to ongoing specialist care provides far more than practical support. It enables parents to maintain employment, spend time with other children in the family, attend appointments, rest and recover from the demands associated with caring for a child with complex health needs.
By providing high-quality care within a familiar environment, we help children remain at the centre of family life whilst reducing pressure on hospitals and other healthcare services.
Donated Care: Addressing Inequality in Access
Providing donated care remains one of the most distinctive aspects of our charitable work.
During the year, Lagan's Foundation delivered 96 visits through our donated care programme, enabling children and families to access specialist support free of charge. While delivered without cost to families, these services are provided under the same Care Quality Commission standards, governance arrangements, training requirements and quality assurance systems as all our commissioned services.
We believe we remain the only organisation in the United Kingdom providing CQC-regulated donated care specifically for children with heart defects and complex feeding needs.
This programme ensures that a family's financial circumstances do not determine whether they can access safe and specialist support. By reducing barriers to care, we continue to support some of the most vulnerable families within our communities.
Building Friendships and Reducing Isolation
One of the most visible outcomes of our charitable activities has been the continued growth of our family engagement programme.
Supported through grants and donations, children and families were able to participate in visits to LEGOLAND®, SEA LIFE and Chester Zoo, creating opportunities that many families would otherwise find difficult to access.
While these experiences were enjoyable, their greatest value lies in the connections they create. Many of the children we support live with complex conditions that can limit opportunities for social interaction and participation in community activities.
Over recent years we have witnessed children who first met through Foundation activities forming genuine friendships and recognising one another at future events. These emerging friendships are helping to develop a stronger sense of belonging and community amongst families who often experience isolation.
Parents and carers have also demonstrated growing confidence and trust in the Foundation. Families who may initially have been reluctant to participate now regularly enquire about future events and actively look forward to them. This confidence is a reflection of the safe, supportive and welcoming environment that our staff and volunteers work hard to create.
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Lagan’s Foundation
Report of the Trustees For the Year Ended 30 September 2025
Investing in People and Future Opportunity
The Foundation remains committed to creating opportunities not only for the families we support but also for those seeking to develop meaningful careers within the charity and care sectors.
During the year, we continued our investment in apprenticeships through the recruitment of a Public Relations and Communications Apprentice. This role has strengthened organisational communications whilst providing a valuable career development opportunity for a young professional entering the sector.
Apprenticeships remain an important part of our workforce strategy. They enable individuals to gain practical experience, develop new skills and build sustainable careers whilst contributing positively to the work of the organisation.
We believe that investing in people strengthens both our charity and the wider community, helping to develop the next generation of professionals committed to improving outcomes for children and families.
Creating Lasting Change
The Trustees believe that the true success of Lagan's Foundation is measured not simply by the number of hours delivered or visits completed, but by the lasting difference made to the lives of those we support.
Whether through specialist care delivered in the home, donated support provided free of charge, friendships formed through community activities or opportunities created through employment and apprenticeships, the Foundation continues to generate meaningful social value for children, families and communities.
As we look ahead, we remain committed to measuring this impact through our key outcomes of improving emotional stability, strengthening a sense of belonging and reducing isolation, ensuring that the voices and experiences of children and families remain at the heart of everything we do.
FINANCIAL REVIEW
Financial position
Incoming resources for the year amounted to £723,596 (2024 - £562,578). The surplus in the year was £44,139 (2024 deficit of expenditure in excess of income of £7,688).
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 a number of sources.
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 3 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 2025, unrestricted reserves totalled £193,111 (2024 - £163,850) and the restricted reserves totalled £64,182 (2024 - £49,304).
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
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Report of the Trustees For the Year Ended 30 September 2025
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 Chief Operating Office and other support staff.
In addition, there is an Events Committee who meet regularly throughout the year to assist in organising fundraising events.
Risk management
The Trustees acknowledge their responsibility for identifying and reviewing the major risks to which the charity is exposed and for ensuring that appropriate systems and controls are in place to provide reasonable assurance against fraud, error, and operational disruption.
The Trustees consider the principal risks facing the charity to include:
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Recruitment and Retention of High-Quality Staff: The delivery of our care services and the effective operation of the charity are dependent on the recruitment and retention of skilled, dedicated personnel. Any shortfall in staffing levels may adversely affect our ability to deliver services to the standard required.
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International Sponsorship Compliance: As a licensed sponsor under the UKVI 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 Sponsorship (CoS) or breaches of immigration rules—could result in serious consequences, including the loss of our sponsor licence. To mitigate this, our recruitment team continuously updates its knowledge and practices in line with the latest UKVI regulations and guidance.
To address these risks, the Trustees ensure that:
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Robust safer recruitment procedures are consistently applied;
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All staff and volunteers undertake appropriate induction and ongoing training;
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Key risks are regularly reviewed and discussed at Trustee meetings;
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Comprehensive insurance cover is maintained;
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Oversight mechanisms are embedded into governance and operational practice.
The Trustees remain committed to maintaining a strong risk management framework to safeguard the charity’s assets, reputation, and ability to deliver its mission effectively.
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Lagan’s Foundation
Report of the Trustees For the Year Ended 30 September 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1154208
Principal address Futura One, Suite E Futura Park Middlebrook Horwich BL6 6PG
Trustees
Karen Bell Russell Ashworth David Howarth Matt Tomkin – Resigned 10 Dec 2025 Neil Hutton Dr David Wright – Appointed 6 March 2026
Independent Examiner
Andrew Simm FCA TC Smith & Goulding Limited 2-4 Southport Road Chorley Lancashire PR7 1LB
Bankers
Barclays Bank plc 1 Market Street Bolton BL1 1BU
17 July 2026 Approved by order of the board of trustees on ………………. and signed on its behalf by:
Karen Bell – Trustee
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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 2025 which are set out on pages 10 to 20.
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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
17 July 2026 Date:
TC Smith & Goulding Limited 2-4 Southport Road Chorley Lancashire PR7 1LD
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Lagan’s Foundation
Statement of Financial Activities For the Year Ended 30 September 2025
| 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 £ 11,054 685,779 2,654 1,136 700,622 66,556 604,805 671,361 29,261 163,850 193,111 |
Restricted Funds £ 22,974 - - - 22,974 1,500 6,596 8,096 14,878 49,304 64,182 |
2025 Total funds £ 34,028 685,779 2,654 1,136 723,596 68,056 611,401 679,457 44,139 213,154 257,293 |
2024 Total funds £ 20,119 530,847 10,134 1,478 |
|---|---|---|---|---|
| 562,578 37,334 532,932 |
||||
| 570,266 | ||||
| (7,688) 220,842 213,154 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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Lagan’s Foundation
Balance Sheet 30 September 2025
| 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 £ 9,187 - 9,187 4,754 119,447 81,732 205,933 (22,009) 183,924 193,111 193,111 193,111 - 193,111 |
Restricted Funds £ 8,077 - 8,077 - - 56,105 64,182 - 64,182 64,182 64,182 - 64,182 64,182 |
2025 Total funds £ 17,264 - 17,264 4,754 119,447 137,837 262,038 (22,009) 240,029 257,923 257,923 193,111 64,182 257,293 |
2024 Total funds £ 20,676 1,400 |
|---|---|---|---|---|
| 22,076 9,508 84,620 118,243 |
||||
| 212,371 (21,293) |
||||
| 191,078 | ||||
| 213,154 213,154 163,850 49,304 213,154 |
17 July 2026
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
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Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
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':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);
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the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).
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.
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Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
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 |
2025 £ 11,054 22,974 34,028 |
2024 £ 13,833 6,286 20,119 |
|---|---|---|
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Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
3 OTHER TRADING ACTIVITIES
| Fundraising income Other income NVESTMENT INCOME Deposit account interest |
2025 £ 2,624 30 2,654 2025 £ 1,136 |
2024 £ 4,263 5,871 10,134 2024 £ 1,478 |
|---|---|---|
4 INVESTMENT INCOME
5 INCOME FROM CHARITABLE ACTIVITIES
| 2025 | 2024 | |
|---|---|---|
| Provision of | Total | |
| care | activities | |
| £ | £ | |
| Provision of care | 685,779 | 530,847 |
15
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
6 CHARITABLE ACITVITIES COSTS
| Support | |||
|---|---|---|---|
| Direct | Costs (see | ||
| costs | note 7) | Totals | |
| £ | £ | £ | |
| Provision of care | 609,744 | 1,656 | 611,400 |
7 SUPPORT COSTS
| Governance | ||||
|---|---|---|---|---|
| Finance | costs | |||
| £ | £ | Totals | ||
| £ | ||||
| Provision of care | - | 1,656 | 1,656 |
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 |
2025 Provision of care £ - 2025 Provision of care £ 1,656 2025 £ 44,675 4,236 1,163 50,074 |
2024 Total activities £ 508 |
|---|---|---|
| 2024 Total activities £ 2,043 |
||
| 2024 £ 45,000 3,339 1,163 49,502 |
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 £36 (2024 - £261) were paid to Karen Bell in relation to travelling and reimbursed costs.
16
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
9 STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2025 £ 531,388 37,093 9,672 578,153 |
2024 £ 424,617 25,214 8,088 457,920 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| Provision of care Management and administration |
2025 23 9 32 |
2024 17 9 26 |
|---|---|---|
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 £ 13,833 530,401 10,134 1,478 555,846 37,334 491,338 528,672 27,174 136,676 163,850 |
Restricted Funds £ 6,286 446 - - 6,732 - 41,594 41,594 (34,862) 84,166 49,304 |
Total funds £ 20,119 530,847 10,134 1,478 |
|---|---|---|---|
| 562,578 37,334 532,932 |
|||
| 570,266 | |||
| (7,688) 220,842 213,154 |
17
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
11 TANGIBLE FIXED ASSETS
| COST At 1 October 2024 Additions At 30 September 2025 DEPRECIATION At 1 October 2024 Charge for the year At 30 September 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 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 |
2025 £ 114,851 4,596 119,447 2025 £ 3,428 11,914 6,667 22,009 |
Fixtures and fittings £ 43,871 620 44,490 23,194 4,032 27,226 17,264 |
|---|---|---|
| 20,676 | ||
| 2024 £ 79,242 5,378 84,620 2024 £ 8,813 7,018 5,462 21,293 |
18
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
14 MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds The Triangle Trust Cash4Kids National Lottery The Clothworkers Foundation HOH Defibrillators for Families The Halsall Foundation Groundwork Heswall Round Table UKH Foundation TOTAL FUNDS |
At 1.10.24 £ Net Movement In funds £ At 30.9.25 £ 163,850 29,261 193,111 763 (191) 572 - 847 847 - 16,092 16,092 1,547 (258) 1,289 43,094 (234) 42,860 378 (378) - 591 - 591 1,000 (1,000) - 1,931 - 1,931 |
|---|---|
| 49,304 14,878 64,182 |
|
| 213,154 44,139 257,293 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds The Triangle Trust – Covid-19 National Lottery – Covid-19 Cash4Kids The Clothworkers Foundation The Halsall Foundation The True Colour Trust HOH Defibrillators Foundation Heswall Round Table UKH Foundation Bolton CVS TOTAL FUNDS |
Incoming resources £ 700,622 - 20,000 1,474 - - - - - 1,500 22,974 723,596 |
Resources expended £ (671,361) (191) (3,908) (627) (258) (378) (234) (1,000) - (1.500) (8,096) (679,457) |
Movement in funds £ 29,261 (191) 16,092 847 (258) (378) (234) (1,000) - - |
|---|---|---|---|
| 14,878 | |||
| 44,139 |
19
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds The Triangle Trust – Covid-19 National Lottery – Covid-19 The Clothworkers Foundation HOH Defibrillators for Families The Halsall Foundation The True Colour Trust The Edward Gostlin Fund The Hospital Saturday Fund National Lottery – Community Officer The Neighbourly Food and M&S Fund Zoo trip Groundwork Heswall Round Table UKH Foundation TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds The Triangle Trust – Covid-19 National Lottery – Covid-19 The Clothworkers Foundation The Halsall Foundation The True Colour Trust HOH Defibrillators for Families The Edward Gostlin Fund The Hospital Saturday Fund National Lottery – Community Officer The Neighbourly Food and M&S Fund Zoo trip Groundwork Heswall Round Table UKH Foundation TOTAL FUNDS |
At 1.10.23 £ 136,676 1,017 3,116 1,851 43,324 10,000 1,176 12,201 10,000 218 1,000 263 - - - |
Net Movement In funds £ 27,174 (254) (3,116) (304) (230) (9,622) (1,176) (12,201) (10,000) (218) (1,000) (263) 591 1,000 1,931 |
At 30.9.24 £ 163,850 763 - 1,547 43,094 378 - - - - - - 591 1,000 1,931 |
|
|---|---|---|---|---|
| 84,166 | (34,862) | 49,304 | ||
| 220,842 | (7,688) | 213,154 | ||
| Incoming resources £ 555,846 - - - 35 - - 195 3,069 (89) 591 1,000 1,931 6,732 562,578 |
Resources expended £ (528,672) (254) (3,116) (304) (9,657) (1,176) (230) (12,396) (10,000) (3,287) (911) (263) - - - (41,594) (570,266) |
Movement in funds £ 27,174 (254) (3,116) (304) (9,622) (1,176) (230) (12,201) (10,000) (218) (1,000) (263) 591 1,000 1,931 (34,862) (7,688) |
20
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Notes to the Financial Statements For the year ended 30 September 2025
15 RELATED PARTY DISCLOSURES
During the year, the charity incurred costs amounting to £6,291 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.
During the year, the charity incurred costs amounting to £4,732 for and services provided by Lagan’s Healthcare Limited, a company controlled by Trustee K Bell.
Other than the above, and transactions with Trustees disclosed elsewhere in the financial statements, no further related party disclosures are required.
21
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Detailed Statement of Financial Activities For the year ended 30 September 2025
| 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 PPE and clothing Insurance Telephone Carried forward |
2025 £ 11,054 22,974 34,028 2,624 30 2,654 1,136 685,779 723,596 43,052 3,712 982 - - - 527 67 187 - 5,508 1,563 916 7 1,851 994 6,653 525 1,512 68,056 33,506 3,177 872 455,279 30,204 7,819 4,754 4,746 111 540,468 |
2024 £ 13,833 6,286 20,119 4,263 5,871 10,134 1,478 530,847 562,578 11,250 835 291 - - - 517 90 451 - 4,708 41 1,206 3,288 8,878 1,226 2,125 525 1,904 37,334 33,750 2,504 872 379,617 21,875 6,926 107 4,656 149 450,456 |
|---|---|---|
This page does not form part of the statutory financial statements
22
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
Lagan’s Foundation
Detailed Statement of Financial Activities For the year ended 30 September 2025
| 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 |
2025 £ 540,468 312 4,551 - 9,180 16,661 2,441 3,703 313 909 10,154 14,791 2,801 65 - 875 2,519 609,744 - 1,656 679,456 44,140 |
2024 £ 450,456 752 8,193 1,029 7,846 14,797 5,398 4,320 95 - - 21,864 4,596 269 6,717 875 3,173 530,381 508 2,043 570,266 (7,688) |
|---|---|---|
This page does not form part of the statutory financial statements
23