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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:
- **3,939 care visits**
- **20,359 hours of specialist care**
- Support to **29 families**
- 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:
- Strengthen our workforce and organisational capacity.
- Improve outcome monitoring and impact measurement.
- Enhance service quality and efficiency.
- Increase the number of children and families we can support.
- 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:
- Expanding access to specialist care provision.
- Increasing the availability of donated care.
- Strengthening outcome measurement and impact reporting.
- Enhancing engagement with funders, supporters and stakeholders.
- Developing our workforce through training, apprenticeships and professional development.
- 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:
- 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.
- 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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**Lagan’s Foundation**
## **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:
- 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.
- 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:
- Robust safer recruitment procedures are consistently applied;
- All staff and volunteers undertake appropriate induction and ongoing training;
- Key risks are regularly reviewed and discussed at Trustee meetings;
- Comprehensive insurance cover is maintained;
- 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:
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
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':
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);
- 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.
13
Docusign Envelope ID: AFD4BAAF-9AA6-8170-8156-8E5FBE840E67
**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|
|---|---|---|
14
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