REGISTERED CHARITY NUMBER: 1158248 ort of the Trustees and Unaudited Financial Stal¢m¢nls for the Year Ended 31 Jul 2024 for 16velife Foundation 360 Accountants Limited 18-19 Albion stet Hull East Yorkshire HUI 3TG
16velife Foundation Contents of the Financial StateThents for the Year Ended 31 Julv 2024 Page Reference and Administralive Details Report of the Truslees Independent Examiner's Report Statement of Financial Activitie5 Balance Sheet Iyotes to the Financial Statements Detailed Statelnent of Financial Activities 12
16velife Foundation Reference and AdministratiTre Details for the Year Ended 31 Jul 2024 Registered Charity number 1158248 23 St Barnabas Drive Swanland East Yorkshire HU14 3RL Bank Delails Natwest The Square Willerby Hull HUIO 7UA Trustees Mr C A Wiles Trustee Mr G Hobson Trusiee Mrs C NeThton Trustee Mr R Moulds Trnstee Page I
16velife Foundation ort of the Trustees for the Year Ended 31 Jul 2024 The trustees present their report wilh ihe financial statements of the charity for the year ended ) l July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accoun(s in accordance with the Financial Reporting Standard applicable in the UK ai)d Republic of Ireland (FRS 102) {effective l January 2019). When the Charitv was established it M'as done so with the purpose of rememberiTJiF Lee and continuing to support those suffering with or striving to find a cure for MND. It is still the M'ill of the trustees to continue M'ith this objective although as accepted on the previous trustee overview, the level of fund rdislng achieved in the early stages of the charity's inception will be difficult to replicate. OBJECTIVES AIYD ACTIVITIES Objectives and aims The objective was to raise £100,000 for the relief of person5 who are, or who are suspected of being, affected by Motor Neurone Disease and its associaled conditions by seeking to ensure that such persons and their families and carers receive such help and assistance as is calculated to relieve their need. To assist in such ways as the charity trustees think fit anv registered charity whose aims include using Medical research for the advancement of health or saving of lives or promoting medical research to advance the education of the public in general and specialists working in a particular medical field and publishin(F any useful results arising from such research. Public benefit The charitys main goal is (o raise awareness of and funds for those who are suffering andlor searching for a cure for MND. This is a condition which in the wider context of public funding receives extraordinarily little, yet this is a debilitating condiiion which renders sufferers in need of care, equipment. and a great deal of support from those around them. Since its inception the charity has rdised awareness and funding for MND through the following: Rugby League and Golf Tournaments Sponsored walks and cycle rides Ongoing association with Skirlaugh ARLFC Initiatives with schools and local companies Sponsored sky dives Auctioning sports memorabilia through organised sports lunches The sale of t-shirts and traininu clothing Local donations made ad hoc by the general public Evening social events The charity is providing a benefit to the public through its constant awareness of this condition and the way in which it can offer financial support to relevant persons a55ociated with thi5 condition in one M'ay or aT]Other. Throughout this year we have taken the commission's public benefjt guidance into account when making any decision to which it is relevant. Grantmaking The charity reached its staled objectives in ternis of meeting a £IOO.000 fund raising target and has also given financial assistance to local sufferers of MND and donated to the Sitran centre in Sheifield to assist with ongoing research toward providing a cure for this condiiion. Page 2
16velife Foundation ort of the Trustees for the Year Ended 31 Jul 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities On July J 1st 202) the charity held funds on deposit of £J7.423 '1th minimal fund raising having occurred during the previous accounting period. It was agreed between the trustees to make a 5izeable donation of fund5 held to the Sitran Centre in SheIeld to keep with our pledge (o raise funds to find a cure for MND and a cheque for £25.000 was drawn up and sent to Sitran in September 2023 with the remaining funds eamiarked to support more local causes on an ad hoc basis. During the accounting period of 202J124 the charity made donationslbought equipment for Mark Cooper, Les Shaw (stairlift for his wife) and Michael Bradley (mobility 5COOter). The chariiy was also liaising '1th the family of MND sufferer Craio Escrick. through the Skirlaugh Rugby League club. Craig is deterniined to raise am'areness for MND in particular from a mental health perspective. The charity still feature5 on the Just Giving Website but ha5 not been a recipient of ad hoc fund raising during the accounting period. FINANCIAL REVIEW Reserves policy The charity has no debts and does not have a reserves policy. FUTURE PLANS There are further fund raising events planned for 2024-25 primarily linked to Crdig Escrick and the sale of rugby shirts via the efforts of Simon Kilby of Skirlaugh ARLFC and long time charity supporter Alan Towle. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Reeruitment and appointment of new trustees The charity ha5 not vet actively sought to recruit additional trustee5. Those who accepted the Tole of trustee5 have committed to the charity for a minimum of 3 years- following which they will have the option to resign their position. This has not happened however and in the event of this happening the charity w'ill actively look to recruit replacements firstly from within the circle of fund raisers/friends who have given their tin]e since the charity's inception and secondly from a ivider circle of potentially experienced trustees. The charity's constitution states the following= Every charity trustee must be a natural person. No individual may be appointed as a chari(y trus(ee of the CIO: If he or she is under the age of 16 years- or if he or She would automatically cease to hold office under the provisions of clause [12(1)(e)]. No one is entitled to function as a charity trusiee whether on appointment or on any re-appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide. his or her acceptance of the oifice of charity trustee. At least one of the trustees of the CIO must be 18 years of age or over. If there is no twstee aged at least 18 years, the remaining trustee5 may only act to call a meeting of the charity trustees or appoint a new charity trustee. Trustee Overview When the charity was established, il was done so with the purpose of remembering Lee and continuing to support those suffering with or striving to find a cure for MND. It is still the M'ill olthe trustee5 to continue m-.ith thi5 objective althouJ as accepted on the previous trustee overviem., the level of fund raising achieved in the initial stages of the charity's inception will be difficult to replicate. Page 3
16velife Foundation ort of the Trustees for the Year Ended 31 Jul 2024 Approved by order of the board of trusiees on .24 Apr 2025 and signed on its behalf by: Page 4
Inde endent Examiner's Re ort to the Trustees of 16velife Foundation Independent examiner's report to the trustees of16velife Foundation I report to the charity trustees on my examination of the accounts o116velife FouT]dation (the Trust) for the year ended 31 July 2024. Responsibilities and basis of report As the charity irusiees of the Trust 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 exaTnination of the Trust's accounts carried out UT]deT Section 145 of the Act and in carrving out tny examination I have followed all applicable Directions given by the Chariry Commission under Section 145{5)(b) of the Act. Independent examiner's statement I have compleied my examination. I confirni that no material matiers have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Trust a5 required bv Section 130 of the Act. or the accounts do not accord '1th those records- or the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Reoulaiions 2008 other than an}, 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 concems 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 account5 to be reached. Sophie Holmes ACA FCCA The Institute of Chartered Accountants in England and Wale5 360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HUI 3TG Date.. 24 Apr 2025 Page 5
16velife Foundation Statelnent of Financial Activities (or the Year Ended 31 Jul 2024 3117124 Unrestricted fund 3117123 Total funds Notes ILYCOME AND ENDOWMENTS FROM Donations and legacies 1,148 30 EXPENDITURE ON Charitable activitie5 Unrestricted 30,772 5,144 NET INCOMEI(EXPENDITURE) (29,624) (5,114) RECONCILIATION OF FUNDS Total funds brought fonvard 37,324 42,438 TOTAL FUNDS CARRIED FORWARD 7,700 37,324 The notes fomi part of these financial statements Page 6
16velife Foundation Balance Sheet 31 Juli 2024 3117124 Unrestricted fund 3117123 Total funds Notes CURREIYT ASSETS Cash at bank 8,600 38,224 CREDITORS Amounts falling due within one year (900) (900) IYET CURRENT ASSETS 7,700 37,324 TOTAL ASSETS LESS CURRENT LIABILITIES 7,700 37,324 NET ASSETS 7,700 37,324 FUNDS Unrestricted funds 7,700 37,324 TOTAL FUNDS 7,700 37,324 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: The notes fomi part of these financial statements Page 7
16velife Foundation Notes to the Financial Statements (or the Year Ended 31 Jul 2024 ACCOUNTING POLICIES 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 amounl can be measured reliably. Expenditure Liabililies are recognised as expenditu 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 cateuory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Charilable aelivities During the year there were no significant charitable activities to note. Tangible fixed assets Depreciation is provided at the following amiual rales in order to write off each asset over its estimated useful life. Plant and machinery Motor vehicles 250/0 on cost 250/0 on reducing balance Taxalion The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with ihe charithble 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 ,hell funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended JI July 2024 nor for the year ended 31 July 2023. Trustees, eApense5 There were no trustees, expenses paid for the year ended ) l July 2024 nor for the year eTJded 31 July 2023. Page 8 continued...
16velife Foundation Notes to the Financial Statements- continued (or the Year Ended 31 Jul 2024 STAFF COSTS The average monthly number of employees during the year was as follows: 3117124 3117123 Staff No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Plant and machinery Motor vehicles Totals COST At l August 2023 and 31 July 2024 8,110 19,500 27,610 DEPRECIATIOIN At l August 202J and 31 July 2024 8,110 19,500 27,610 NET BOOK VALUE At 31 July 2024 At 31 July 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31n124 3117123 Other creditors 900 900 MOVEMEIYT IIY FUIYDS Net movement in funds At 3117124 At 118123 Unrestricted fund5 General fund 37J24 (29,624) 7,700 TOTAL FUNDS 37J24 (29,624) 7.700 Page 9 continued...
16velife Foundation Notes to the Financial Statements- continued (or the Year Ended 31 Jul 2024 MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,148 (30,772) (29,624) TOTAL FUNDS 1,148 (30,772) (29,624) Comparatives for movement in funds Net movement in funds At 3117123 At 118122 Unrestricted funds General fund 42,438 (5,114) 37,324 TOTAL FUNDS (5,114) 37,324 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fund5 Unrestricted funds General fund 30 (5,144) (5,114) TOTAL FUNDS 30 (5,144) {5,114) A current year 12 months and prior year 12 months combined p051tion 15 as follows- Net movement in funds At J117124 At 118122 Unreslricted funds General fund 42,438 (34,738) 7,700 TOTAL FUNDS (J4:7J8) 7,700 Page 10 continued...
16velife Foundation Notes to the Financial Statements- continued (or the Year Ended 31 Jul 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior j'ear 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1.178 (35.916) (34,738) TOTAL FUNDS 1,178 (35,916) (34,738) RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2024. Page I
16velife Foundation Detailed Statement of Financial ActiTr ities for the Year Ended 31 Jul 2024 3117124 3117123 INCOME AIYD EIYDOWMENTS Donations and legacies Donations 1,148 30 Total incoming resources 1,148 30 EXPENDITURE Charitable aetivities Grants to institutions Grants to individuals 25,000 4,800 2,000 29,800 2,000 Support costs Management Subscriptions 72 216 Finance Depreciation of tangible fixed assets 2,028 Governance costs Accountancy and legal fees 900 900 Total resources expended 30,772 5,144 Net expenditure (29,624) {5,114) This page does not forni part of the statutory fanCIal statements Page 12