Charity number: 1158213 ELLIE'S LOVE UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
ELLIE'S LOVE CONTENTS Page Reference and admlnlstratiV8 details of the Charity, its Trustees and advisers Trustoes. report Independent axamlner's report Statoment of flnanclal actlvltles Balance sheet Note8 to tho flnanclal statements 8-16
ELLIE'S LOVE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024 Trustees Nick Load8S Georg8 Loades Alessandra Ficarra Elaine Loades Charity registered numbor 1158213 Prlnclpal offlce Killarney School Road Fakenham Norfolk NR217NW Accountants MA Partners LLP Chartered Accountants 7 Th8 Clos8 Norwich Norfolk NR14DJ Page 1
ELLIE'S LOVE TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 Th8 Trustees present their annual r8port together with the financial ststements of the Charity for the year 1 July 2023 to 30 June 2024. Objactivos and actlvltlas a. Policies and objectives The oblects of the Charity are to promole the relief of children and young persons sufferlng from Cystlc Flbrosls and thelr famllies through the provislon of financial assistance. support, practical advice or such other means as the Trustees may from time to time determine. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commlsslon relating to public benefit, including the guidance 'Public benefJt'. runnlng a charlty (PB2)'. b. Strategles for achlovlng objectlvas The objects of the Charity are wide ranging and can therefore be achieved in a number of ways. As tho Trustees wa have an obligation to assess the options avallable to us year on year and conslder the benefit that they could provide to the Charlty. The Charity carries out these objects by: Organising events to raise awareness and much needed funds that can be used by the Charity or donation to other organisations with similar objectives. Making donations to individuals and their famili8s who are in som8 way b8ing impacted by Cystic Fibrosis. This may be in the form of toys purchased for hospital wards or donations towards a short break. c. Actlvltles undertaken to achleve obJactlve8 Throughoul the period to 30 June 2024 the Charity continued Its fundraislng efforts organising the following events.. The first fundraislng event of the period was a Charity skydive in the late summer of 2023. The next and main evenl of the period was the Angel Ball. Organised in tandem with friend Kyra Welch, the Charity held another ball al Holkham Hall in November 2023. Shortly after this, we again attended the local Christmas tree festival an annual event held in the local Fakenham church. Th8 Charity continued to be supported by a number of donations in the period and would like to thank all those who have donated throughout the period. Page 2
ELLIE'S LOVE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Objectives and activitles (contlnued) d. Maln activltles undertaken to further the Charlty's purposes for the publlc benefit The main activity undertaken in the period was th8 Angel Ball in November 2023. This event was another opportunity for local people to come together to celebrate an evening with family and friends whilst also raising much naeded funds for East Anglia's Childran's Hospic8s (EACH). As mentioned above the Charity, along with slgnlficant support and dedication from Kyra Walch. sold tickets to th8 event and found sponsors for tables and the arrival drink5 as well as donations for auction prizes to be sold on the night. Representatives from &4CH attended on the night, sharing information on how the funds raised could be used to support children and their families. Nick and Kyra also shared firsl hand stories of the impact the Charity had had on them. In addition to the above the Charlty also purchased further toys for thg children's ward at the Norfolk and Norwlch University Hospital. Achlovements and performance a. Maln achlavemenls of the Charlty The main achievement of the Charity again this period was th8 SUCC8ss of Ihe fundraising aclivilies, in particular the Angel Ball, and the resulting donation of £16,837 that we were able to make to East Anglia's Children's Hospices. The Trustees would like to thank everyone who supported the event, as well as all other 8V8nts in the y8ar, and mad8 this donation possible. Flnanclal revl8W Golng concern After making appropriate enqulrles. the Trustees have a reasonable expectation that th8 Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they conlinue to adopt the going concern basis in preparing the financial statements. b. Reserves pollcy The Charity has been well supported over the previous years and the Trustees will continue to gen8ratg income in the future lo increase this further. Due to the nature of the Charily and the significant funds available, the balance held as unrestricted funds at 30 June 2024 was £33,994, the Trustees do not have a set level of funds which they look lo maintain. This also allows the Charity to support a project requiring significant funds should the opportunity present itself. However, the Trustees operale the Charity on Ihe basis that events will be successful and any surplus funds can then be spent on donations similar to those outlined above. Page 3
ELLIE'S LOVE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 structure, governance and management a. Constitutlon Ellie's Love is a registered Charity, number 1158213, and is constituted under a Tnjst deed. b. Methods of appolntmenl or electlon of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opt8d under the terms of the Trust deed. Statement of Trustees. responslbllltlos The Trustees are responsib18 for preparlng the Trustees, r8POrt and the financlal statements Sn accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicab18 to charities in England & Wal8s r8quir8S th8 Trustees to prepar8 financial statements for each financial which give a true and falr vlew of the stat8 of affairs of the Charlty and of its incoming resources and applicalion of resources, including Its Income and expenditur8, for that perlod. In preparing these financlal statements, the Trustees ar8 required to.. select Suitable accounting polici8s and then apply them conslstently; observe the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 1021 havg been followed, subject to any material departures disclosed and explained in the financial stalements., prepare the financial slatements on the going concern basis unless il Is inappropriate to presume that the Charity will continue in business. The Trustees a responsibl8 for k88ping adequate accounting records that are sufficient to show and explain th8 Charitvs transactions and disclose with reasonable accuracy at any time the financial position of th8 Charity and enable them to ensure that tho financial statements comply with th8 Charities Act 2011, the Charity (Accounts and Reports) Regulalions 2008 and the provisions of the Trust deed. They are also responsible for S8feguarding the a55ets of the Charity and hence for taking reasonable steps for th8 prevention and detection of fraud and other irregularilies. Approved by order of the members of the board of Trustees and slgned on th8ir behalf by.. Nick Loades (Chair of Trustees) George Loados (Trustè8) Date: 14/041101 Page 4
ELLIE'S LOVE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2024 Independent examinerfs report to the Trustees of Ellie's Lov8 ('the Charity I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2024. Responslbllltles and basls of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of tha Charities Act 2011 {'the 2011 Act,). I report in resp8Ct of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and In carrying out my examination I have followed the applicable Directlons glven by the Charity Commission und8r section 145(51{b) of th8 2011 Act. Independent oxamlnorfs statsment Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Roporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in a¢cordanc8 with th8 Financial Reporting Standard applicable in the UK and Republic of Ir81and (FRS 102) in preference to the Accounting and Reporting by Chariti&s'. Statement of Recommended Practice iSSU8d on 1 April 2005 which Is referred to in the 8Xtant regulations but has been withdrawn. l understand that this has been done In order for the accounls to provid8 a true and fair view Sn accordance wlth the Generally Accepted Accountlng Practl¢e effectlve for reportlng periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matt8rs have come to my attentlon In connection with the examlnatlon glvlng me cause to believ8 that in any material respect.. accounting r8cords were not kept in respect of the Charity as required by Section 130 of th8 2011 Act. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report5) Regulations 2008 other than any requirement that tha accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wlth the examination to which attention should be drawn in this r8POrt in order Io 8nable a proper understanding of the accounts to be reached. This report is made solely to the Charitys Trustees, as a body, in aGrdance Wlth Part 4 of the Charitl8S (Accounts and Reports) Regulations 2008. My work ha5 been undertaken so thal I might state to the Charivs Trustees those matters l am required to state lo them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or a5surne responsibility to anyone other than the Charity and Ihe Charitys Trustees as a body, for my work or for this report. Signed: F M E Shippam Bsc FCA DChA Dated: 16 April 2025 MA Partners LLP Chartered Accountants 7 The Close Nomich Norfolk NR14DJ Page 5
ELLIE'S LOVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Unrostricted funds Total funds Total fvnds Period ended 30 June 2023 30 June 2024 30 June 2024 Note Income from: Donations and legacies Other trading activities 591 30,042 591 30.042 1, 123 37,082 Tolal Income 30.633 30,633 38.205 Expendlture on: Raising funds Charitable activiti&s 16.997 18,127 16,997 18.127 20,372 19,846 Totsl expendlturo 35.124 35,124 40,218 Not movement In funds 14,491) (4,491) (2,013) Reconclllatlon of funds: Total funds brought forward Net movement in funds 38.485 (4,491) 38,485 (4,491) 40,498 (2,013) Totsl funds carrled forward 33,994 33,994 38,485 The Statement of financial activities includes all gains and losses recognised in the year. Th8 notes on pages 8 to 16 form part of th8S8 financial statements. Page 6
ELLIE'S LOVE BALANCE SHEET AS AT 30 JUNE 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 2, 104 40,355 35,126 35,134 42,459 Creditors: amounts falling due within one year 12 (1,140) (3, 974) Not current assets 33,994 38,485 Total nat assets 33,994 38,485 Charlty funds Unr6strict8d funds 14 33,994 38,485 Tolal funds 33,994 38,485 Th8 financial statements were approved and authoris8d for issue by the Trustees and slgned on their behalf by: Nick Loades (Chair of Trustees) George Loades (Trusteel Date: 141016 /Loif The notes on pages 8 to 16 form part of these financial slatements. Page 7
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 General infomiation Ellie's Love is a Charity gIStered in England and Wales and its registered office is Killarney, School Road, Colkirk, Fakenham, NR217NW. Accounting pollcles 2.1 Basis of preparatlon of flnanclal statements The financial statements have b8&n prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Stat8m8nt of Recommended Praclice applicabl8 to charities preparing their accounts In accordanca with th8 Financial Reporting Standard applicabl& in th8 UK and Republic of Ireland (FRS 102) {effgctiV8 1 January 2019), th8 Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'lrue and fairf view and have d8parted from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has Involved following th8 Charities SORP (FRS 102) publish8d in Oclober 2019 rather than the Accounling and Reporting by Charities.. Statement of Recommend8d Practice effective from 1 April 2005 whlch ha5 slnce been withdrawn. Ellie's Love meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction valua unless otherwise stated in the relevant accounting policy. 2.2 Incomo All income is recognised once the Charity has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. 2.3 Expendlture Expenditure is reGognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on raising funds includ8s all expenditure incurred by the Charity to ralse funds for its charitable purposes and includes costs of all fundraising activities events and non-charilable trading. Expenditure on charitable activitie5 is incurred on directly undertaking the activitie5 which further lh8 Charity's objectives, as well as any associated support costs. Grants payable ar8 charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end aro noted as a commitment, but nol accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.4 Debtors Trade and other debtors a recognised at the settlement amount after any trade discount offered. Prepayments are valued al Ihe amount prepaid nel of any trade discounts due. Page 8
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 counting policies (continued) 2.5 Cash at bank and in hand Cash at bank and In hand includes cash and short-term highly liquid investments with a short maturity of three month5 or less from the dat8 of acquisition or opening of the deposit or similar account. 2.6 Liabilities and provlslons Liabilities are recognised when th8re is an obligation at the Balanc8 sh88t date as a result of a past event, it is probable that a transfer of 8conomic benefit will ba required in settl8m8nt, and tha amount of the settlement can be eslimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debl or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best eslimale of tha amounts required to sattle th8 obligation. Where the 8ffect of the tim8 value of money is material. the provision is based on the pres8nl value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.7 Flnanclal In8trumonts Th8 Charlty only has financial assets and financial liabilitles of a kind that qualify as baslc financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured al amortised cost using Ihe effective interest method. 2.8 Fund accountlng General funds are unrestricted funds which are availab18 for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Page 9
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Income from donations and legacies Unrestrictod funds Total funds Total funds Perlod ended 30 June 2023 30 June 2024 30 June 2024 Donations 591 591 1, 123 Total 2023 1,123 1,123 Income from othgr tradlng actlvltles Income from fundralslng events Unrgstrlcted funds Total funds Total funds Period ended 30 June 2023 30 June 2024 30 June 2024 Charity Ball Skydive Barn Dance Christmas Trees oth8r Fundraising 23,101 5,325 23,101 5,325 31,807 3,895 573 807 573 1,043 573 1.043 30,042 30,042 37.082 Total 2023 37,082 37,082 Page 10
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Expenditure on raising funds Fundralslng tradlng expenses Unrnstrlcted funds Total funds Total funds P8riod ended 30 June 2023 30 June 2024 30 June 2024 Charity Ball Skydive Bam Dance 14,275 2,418 14,275 2,418 17,871 2.501 Inflatable Run 304 304 16,997 16,997 20,372 Total 2023 20,372 20,372 Analysls of grants Grants to Granls lo Institutions Indlviduals Total funds Total fvnds Period endad 30 June 2023 30 June 2024 30 June 2024 30 June 2024 Grants 16,837 16,837 17,159 Total 2023 16,660 499 17,159 Page11
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Analysls of expendlture on charltable activltias Summary by fund type Unrostrlcted funds Tolal Total Period ondod 30 June 2023 30 June 2024 30 June 2024 Cystlc Flbrosls support activlties 18,127 18,127 19,846 Total 2023 19.846 19,846 Analysls of expendllure by actlvltlos Actlvltle8 undertaken dlrectly Grant fundlng of actlvltles Support costs Total funds Total funds Period 8nded 30 Jun8 2023 30 June 2024 30 Juna 2024 30 June 2024 30 June 2024 Cystic Fibrosis support activities 240 16.837 1,050 18,127 19,846 Tot812023 1,667 17,159 1.020 19,846 Analysls of dlrect costs Total funds Total funds Period ended 30 June 2023 30 June 2024 Gifts for beneficiaries 240 1,667 Page 12
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Analysis of expenditure by activitias (contlnued) Analysis of support costs Total funds Total funds Period ondad 30 Juna 2023 30 Jun8 2024 Governance 1,050 1,020 Independenl examlnorfs remunoratlon The independent examinerfs remuneration amounts to an Independent examlner fee of £1.050 (2023 - £1,020). 10. Trustees. remunerallon and expenses Durfng the year, no Trustees recelved any remuneration or other banefits (2023 - £NIL). During the year ended 30 June 2024, no Trust88 8xp8ns8s have b88n incurred (2023 - £NIL). 11. Debtors 2024 2023 Due wlthln one year Prepayments and accrued income 2,104 2,104 Page 13
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 12. Creditors: Amounts falling due within ono yoar 2024 2023 Accruals and deferred income 1,140 3,974 2024 2023 Deferred Income at 1 July 2023 Resources def8rr8d during th8 y8ar Amounts r818ased from previous periods 2,954 90 (2,954) 2,954 90 2,954 13. Flnanclal Instruments 2024 2023 Flnanclal assets Financial ass8ts measur8d at fair value through income and exp8nditur8 35,126 40,355 Financial assgts measured at fair value through income and expenditure comprise of cash and cash equivalents. Page 14
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 14. Statemant of funds statement of funds - currant year Balance at 30 June 2024 Balance at 1 July 2023 Income Expenditure Unreslrlcled funds General Funds - all funds 38,485 30,633 (35.124) 33,994 Stalemenl of funds - prlor year Ba18nc8 at 30 June 2023 Balanc8 at 1 Apnl 2022 Incom8 Expenditur8 Unr8Strlcted funds General Funds - all funds 40,498 38,205 (40,218) 38,485 15. Analysls of not assets between funds Analysls of not assots between funds - current perlod Unrestrlcted funds 2024 Total funds 2024 Currenl assets Creditors due within one year 35,134 11,140) 35,134 (1,140) Total 33,994 33,994 Page 15
ELLIE'S LOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 15. Analysis of not assets between funds (continued) Analysis of net assets belween funds - prior period Unr8Stricted funds 2023 Total fvnds 2023 Current assets Creditors due within one year 42,459 (3.974) 42,459 (3.974) Total 38,485 38,485 16. Related party transactlons Th8 Charity has not enter8d into any related party transaction during the year, nor are there any outslanding balances owing be68n r8lated parties and the Charity al 30 June 2024. Page 16