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2021-04-30-accounts

REGISTERED COMPANY NUMBER: 08999877 (England and Wales) REGISTERED CHARITY NUMBER: 1159572

Superhero Foundation Ltd (A Company Limited by Guarantee)

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 April 2021

Superhero Foundation Ltd

Contents of the Financial Statements for the Year Ended 30 April 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16 to 17

Superhero Foundation Ltd

Report of the Trustees

for the Year Ended 30 April 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2021. 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

The aim of the Superhero Foundation, under the direction and governance of the Trustees, is to enable any person treatment to improve their health and life experience not made readily available by any statutory body, such as the National Health Service. This is achieved by empowering the close family members of those who require the treatment and assisting them to raise the funds necessary by taking on activities, challenges and events.

The objective is to take on three families each year and achieve the level of funding necessary for a family member to obtain the treatment they require.

In order to achieve the objectives on an annual basis it has been necessary to enlist the help of some of the "Superheroes" of the past to act as mentors. The mentors are available to ask questions of and provide valuable advice on maximising fundraising to achieve each individual goal.

ACHIEVEMENT AND PERFORMANCE

During the year, we didn't take on any new families because of Covid-19 and focused on the families that we already support. Activities undertaken to further the charitable objectives for the public benefit included the following; paying for the aftercare physiotherapy treatment for three young girls, two which have cerebral palsy, and the other that has hereditary spastic paraplegia (HSP) in the hope to ease the pain in their legs and improve their walking; further aftercare treatment has been made for two young boys that have cerebral palsy, trying to improve their walking ability; we've also been supporting a lady to help fund a new bionic arm; and finally supporting a mum who has a young boy with brain cancer where the treatment needed to keep him alive isn't funded by the National Health Service, unfortunately in December 2020 Dylan passed, so we've been working with the Mum, to get treatment to help with her bereavement.

As Trustees, we are extremely grateful to those who have given their time and made donations, gifts, legacies and grants during the year. Without these it would not have been possible for the Superhero Foundation to maintain and develop its operating and charitable activities.

FINANCIAL REVIEW

The statement of financial activities on page 5 show the incoming resources and the application of those resources for the Superhero Foundation. The key factors are as follows:

During the year ended 30 April 2021, the Superhero Foundation again managed to maintain its fund raising activities and was able to raise £37,393 for their chosen causes. In addition they secured donations of £24,107 to enable them to cover the annual running costs of the charity and increase the free reserves to £149,434.

It is the policy of the charity to maintain free reserves, at a level that equates to between three and twelve months of the unrestricted resources expended. This would provide a cushion against fluctuations in the income and would enable the charity to continue with its current operating and charitable activities. As at 30 April 2021 the reserves of £149,434 were well within this reserves policy.

Page 1

Superhero Foundation Ltd

Report of the Trustees

for the Year Ended 30 April 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Superhero Foundation was established in April 2014 as a company limited by guarantee, and a charity registered in England with the Charity Commission.

Our governing document is our Memorandum and Articles of Association. In the event of the Superhero Foundation being wound up our liability as Trustees is limited to a sum not exceeding £1. As existing Trustees we elect new Trustees in accordance with the Articles of Association. As Trustees we meet as a Board a minimum of four times a year to set strategy and monitor performance.

The day to day management is carried out on a voluntary basis by Jamie McDonald. Jamie is reimbursed for out of pocket expenses.

Nettl of Gloucester provide website hosting and design for the Superhero Foundation. An agreed fixed cost was agreed with Chris Nyland for their services.

All other Trustees give their time freely and no remuneration or expenses were paid to them during the year.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08999877 (England and Wales)

Registered Charity number

1159572

Registered office

9 Wheatstone Court Waterwells Business Park Quedgeley Gloucestershire GL2 2AQ

Trustees

Mr J D McDonald Mr R Leigh Smith (resigned 1.12.20) Mr N Purveur Mrs W D Fabian Mr C S Nyland Miss A S Mcnuff Trustee (appointed 1.12.20)

Independent Examiner

Stanbridge Accountancy Services Limited 9 Wheatstone Court Waterwells Business Park Davy Way Gloucester Gloucestershire GL2 2AQ

Approved by order of the board of trustees on 11 October 2021 and signed on its behalf by:

Page 2

Superhero Foundation Ltd

Report of the Trustees for the Year Ended 30 April 2021

Mr J D McDonald - Trustee

Page 3

Independent Examiner's Report to the Trustees of Superhero Foundation Ltd

Independent examiner's report to the trustees of Superhero Foundation Ltd ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Duncan Woodger FCCA Stanbridge Accountancy Services Limited 9 Wheatstone Court Waterwells Business Park Davy Way Gloucester Gloucestershire GL2 2AQ

Date: .............................................

Page 4

Superhero Foundation Ltd

Statement of Financial Activities for the Year Ended 30 April 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charlotte's Dream to Walk
Archie's Chance to Dance
Charlie's Voice
COPD
Olivia's Dream to Walk
General
Lincoln's Legs
Amelia's Dream to Walk
Nicola
Dylan
US Hospital Grant
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
24,107
2,991
294
27,392
-
-
-
-
-
-
5,888
-
-
-
-
-
4,074
9,962
17,430
132,004
149,434		 Restricted
funds
£
37,393
-
-
37,393
-
872
2,540
450
-
2,430
-
4,251
7,517
1,008
366
-
661
20,095
17,298
40,524
57,822		 30.4.21
Total
funds
£
61,500
2,991
294
64,785
-
872
2,540
450
-
2,430
5,888
4,251
7,517
1,008
366
-
4,735
30,057
34,728
172,528
207,256		 30.4.20
Total
funds
£
159,760
2,255
746
162,761
27,375
4,920
4,975
473
878
3,405
38,398
6,678
30,125
658
191
15,096
985
134,157
28,604
143,924
172,528

The notes form part of these financial statements

Page 5

Superhero Foundation Ltd

Balance Sheet

30 April 2021

Notes
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
150,605
(1,171)
149,434
149,434
149,434		 Restricted
funds
£
67,899
(10,077)
57,822
57,822
57,822		 30.4.21
Total
funds
£
218,504
(11,248)
207,256
207,256
207,256
149,434
57,822
207,256		 30.4.20
Total
funds
£
185,014
(12,486)
172,528
172,528
172,528
132,004
40,524
172,528

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

Superhero Foundation Ltd

Balance Sheet - continued

30 April 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 11 October 2021 and were signed on its behalf by:

Mr J D McDonald - Trustee

The notes form part of these financial statements

Page 7

Superhero Foundation Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost Computer equipment - straight line over 3 years

Taxation

The charity is exempt from corporation 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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 8

continued...

Superhero Foundation Ltd

Notes to the Financial Statements - continued for the Year Ended 30 April 2021

2. OTHER TRADING ACTIVITIES
30.4.21 30.4.20
£ £
Book sales - 431
Commission received 2,991 764
Exceptional items - 1,060
2,991 2,255
3. INVESTMENT INCOME
30.4.21 30.4.20
£ £
Deposit account interest 294 746
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
30.4.21 30.4.20
£ £
Depreciation - owned assets - 985

5. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 30 April 2021 nor for the year ended 30 April 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2021 nor for the year ended 30 April 2020.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charlotte's Dream to Walk		 Unrestricted
funds
£
108,845
2,255
746
111,846
27,375
-		 Restricted
funds
£
50,915
-
-
50,915
-
4,920		 Total
funds
£
159,760
2,255
746
162,761
27,375
4,920

Page 9

continued...

Superhero Foundation Ltd

Notes to the Financial Statements - continued for the Year Ended 30 April 2021

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
Archie's Chance to Dance - 4,975 4,975
Charlie's Voice - 473 473
COPD - 878 878
Olivia's Dream to Walk - 3,405 3,405
General 38,398 - 38,398
Lincoln's Legs - 6,678 6,678
Amelia's Dream to Walk - 30,125 30,125
Nicola
- 658 658
Dylan - 191 191
US Hospital Grant
- 15,096 15,096
Other 985 - 985
Total 66,758 67,399 134,157
NET INCOME/(EXPENDITURE) 45,088 (16,484) 28,604
Transfers between funds 5,401 (5,401) -
Net movement in funds 50,489 (21,885) 28,604
RECONCILIATION OF FUNDS
Total funds brought forward 81,515 62,409 143,924
TOTAL FUNDS CARRIED
FORWARD 132,004 40,524 172,528

Page 10

continued...

Superhero Foundation Ltd

Notes to the Financial Statements - continued for the Year Ended 30 April 2021

7.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 May 2020 and 30 April 2021
1,120
7,038
DEPRECIATION
At 1 May 2020 and 30 April 2021
1,120
7,038
NET BOOK VALUE
At 30 April 2021
-
-
At 30 April 2020
-
-
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.21
£
Bank loans and overdrafts (see note 9)
9,777
Trade creditors
377
Accrued expenses
1,094
11,248
9.
LOANS
An analysis of the maturity of loans is given below:
30.4.21
£
Amounts falling due within one year on demand:
Bank overdrafts
9,777		 Totals
£
8,158
8,158
-
-
30.4.20
£
9,777
907
1,802		 Totals
£
8,158
8,158
-
-
12,486
30.4.20
£
9,777

Page 11

continued...

Superhero Foundation Ltd

Notes to the Financial Statements - continued for the Year Ended 30 April 2021

10. MOVEMENT IN FUNDS

At 1.5.20
£
Unrestricted funds
General fund
132,004
Restricted funds
Charlotte's Dream to Walk
872
Archie's Chance to Dance
15,015
Charlie's Voice
1,086
Olivia's Dream to Walk
4,836
Captain Armless
(7,202)
Lincoln's Legs
4,374
US Hospitals
4,525
Amelia's Dream to Walk
10,447
Nicola
4,289
Dylan
2,282
40,524
TOTAL FUNDS
172,528
Net movement in funds, included in the above are as follows:		 Net
movement
in funds
£
17,430
(872)
(2,365)
(450)
(1,431)
-
(4,211)
(661)
14,002
8,881
4,405
17,298
34,728		 At
30.4.21
£
149,434
-
12,650
636
3,405
(7,202)
163
3,864
24,449
13,170
6,687
57,822
207,256
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 27,392 (9,962) 17,430
Restricted funds
Charlotte's Dream to Walk - (872) (872)
Archie's Chance to Dance 175 (2,540) (2,365)
Charlie's Voice - (450) (450)
Olivia's Dream to Walk 999 (2,430) (1,431)
Lincoln's Legs 40 (4,251) (4,211)
US Hospitals - (661) (661)
Amelia's Dream to Walk 21,519 (7,517) 14,002
Nicola 9,889 (1,008) 8,881
Dylan 4,771 (366) 4,405
37,393 (20,095) 17,298
TOTAL FUNDS 64,785 (30,057) 34,728

Page 12

continued...

Superhero Foundation Ltd

Notes to the Financial Statements - continued for the Year Ended 30 April 2021

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
Transfers
movement
between
At 1.5.19
in funds
funds
£
£
£
Unrestricted funds
General fund
81,515
45,088
5,401
Restricted funds
Charlotte's Dream to Walk
5,792
(4,920)
-
Archie's Chance to Dance
19,991
(4,976)
-
Charlie's Voice
1,559
(473)
-
COPD
(1,530)
(271)
1,801
Olivia's Dream to Walk
7,868
(3,032)
-
Captain Armless
-
-
(7,202)
Lincoln's Legs
9,108
(4,734)
-
US Hospitals
19,621
(15,096)
-
Amelia's Dream to Walk
-
10,447
-
Nicola
-
4,289
-
Dylan
-
2,282
-
62,409
(16,484)
(5,401)
TOTAL FUNDS
143,924
28,604
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
111,846
(66,758)
Restricted funds
Charlotte's Dream to Walk
-
(4,920)
Archie's Chance to Dance
(1)
(4,975)
Charlie's Voice
-
(473)
COPD
607
(878)
Olivia's Dream to Walk
373
(3,405)
Lincoln's Legs
1,944
(6,678)
US Hospitals
-
(15,096)
Amelia's Dream to Walk
40,572
(30,125)
Nicola
4,947
(658)
Dylan
2,473
(191)
50,915
(67,399)
TOTAL FUNDS
162,761
(134,157)		 At
30.4.20
£
132,004
872
15,015
1,086
-
4,836
(7,202)
4,374
4,525
10,447
4,289
2,282
40,524
172,528
Movement
in funds
£
45,088
(4,920)
(4,976)
(473)
(271)
(3,032)
(4,734)
(15,096)
10,447
4,289
2,282
(16,484)
28,604

Page 13

continued...

Superhero Foundation Ltd

Notes to the Financial Statements - continued for the Year Ended 30 April 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Charlotte's Dream to Walk
Archie's Chance to Dance
Charlie's Voice
COPD
Olivia's Dream to Walk
Captain Armless
Lincoln's Legs
US Hospitals
Amelia's Dream to Walk
Nicola
Dylan
TOTAL FUNDS		 At 1.5.19
£
81,515
5,792
19,991
1,559
(1,530)
7,868
-
9,108
19,621
-
-
-
62,409
143,924		 Net
movement
in funds
£
62,518
(5,792)
(7,341)
(923)
(271)
(4,463)
-
(8,945)
(15,757)
24,449
13,170
6,687
814
63,332		 Transfers
between
funds
£
5,401
-
-
-
1,801
-
(7,202)
-
-
-
-
-
(5,401)
-		 At
30.4.21
£
149,434
-
12,650
636
-
3,405
(7,202)
163
3,864
24,449
13,170
6,687
57,822
207,256

Page 14

continued...

Superhero Foundation Ltd

Notes to the Financial Statements - continued for the Year Ended 30 April 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 139,238 (76,720) 62,518
Restricted funds
Charlotte's Dream to Walk - (5,792) (5,792)
Archie's Chance to Dance 174 (7,515) (7,341)
Charlie's Voice - (923) (923)
COPD 607 (878) (271)
Olivia's Dream to Walk 1,372 (5,835) (4,463)
Lincoln's Legs 1,984 (10,929) (8,945)
US Hospitals - (15,757) (15,757)
Amelia's Dream to Walk 62,091 (37,642) 24,449
Nicola 14,836 (1,666) 13,170
Dylan 7,244 (557) 6,687
88,308 (87,494) 814
TOTAL FUNDS 227,546 (164,214) 63,332

11. RELATED PARTY DISCLOSURES

The Trustees agreed fees for public relations and promotion of the charity with Radioactive PR for £500 per family or campaign. Richard Leigh (Trustee) is a director of Radioactive PR.

The Trustees also agreed to award a website hosting and design contract to Nettl of Gloucester for £502 for the year. Chris Nyland (Trustee) is a director of Nettl of Gloucester.

Page 15

Superhero Foundation Ltd

Detailed Statement of Financial Activities
for the Year Ended 30 April 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other trading activities
Book sales
Commission received
Exceptional items
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Raising donations and legacies
Sundries
Other trading activities
Travelling and subsistence
Charitable activities
Rates and water
Insurance
Light and heat
Advertising
Computer software and consumab les
Charlotte's Dream to Walk
Archie's Chance to Dance
Charlie's Voice
COPD
Olivia's Dream to Walk
Lincoln's Legs
Amelia's Dream to Walk
Nicola
Dylan
Carried forward		 30.4.21
£
58,257
3,243
61,500
-
2,991
-
2,991
294
64,785
-
-
275
274
-
-
1,232
872
2,540
450
-
2,430
4,251
7,517
1,008
366
21,215		 30.4.20
£
152,204
7,556
159,760
431
764
1,060
2,255
746
162,761
879
26,496
3,300
388
552
927
2,345
4,920
4,975
473
878
3,405
6,678
30,125
658
191
59,815

This page does not form part of the statutory financial statements

Page 16

Superhero Foundation Ltd

Detailed Statement of Financial Activities for the Year Ended 30 April 2021

Charitable activities
Brought forward
Grants to institutions
Other
Fixtures and fittings
Computer equipment
Exceptional items
Support costs
Management
Public relations
Mentor expenses
Administration costs
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net income		 30.4.21
£
21,215
-
21,215
-
-
4,735
4,735
1,067
-
-
1,067
199
2,841
30,057
34,728		 30.4.20
£
59,815
15,096
74,911
236
749
-
985
5,074
12,733
9,270
27,077
567
3,242
134,157
28,604

This page does not form part of the statutory financial statements

Page 17