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 2023
Superhero Foundation Ltd
Contents of the Financial Statements for the Year Ended 30 April 2023
| 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 14 |
| Detailed Statement of Financial Activities | 15 |
Superhero Foundation Ltd
Report of the Trustees for the Year Ended 30 April 2023
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 2023. 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.
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 one young girl who has hereditary spastic paraplegia (HSP) in the hope to ease her pain in her legs and improve her walking; further aftercare treatment has been made for one young boy that have cerebral palsy, trying to improve his walking ability; we've also been supporting a lady to help fund a new bionic arm; we've been supporting a Mum (who's son Dylan sadly passed whilst we were supporting their fundraising) to get her therapy to help with her bereavement; finally, we've been working on a new initiative to match families with unwell or disabled children with a volunteer to give them support where needed.
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 2023
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 N Purveur Mrs W D Fabian Mr C S Nyland Miss A S Mcnuff Trustee
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 ............................................. and signed on its behalf by:
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Superhero Foundation Ltd
Report of the Trustees for the Year Ended 30 April 2023
.......................................................... 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 2023.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the 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
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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 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 20,581 Other trading activities 2 (4,739) Total 15,842 EXPENDITURE ON Charitable activities Archie's Chance to Dance - Olivia's Dream to Walk - General 6,423 Amelia's Dream to Walk - Nicola - Dylan - US Hospital Grant - Other (1,636) Total 4,787 NET INCOME 11,055 RECONCILIATION OF FUNDS Total funds brought forward 155,328 TOTAL FUNDS CARRIED FORWARD 166,383 |
Restricted funds £ 35,896 - 35,896 4,492 1,050 - 9,891 - 1,000 6,768 - 23,201 12,695 52,950 65,645 |
30.4.23 Total funds £ 56,477 (4,739) 51,738 4,492 1,050 6,423 9,891 - 1,000 6,768 (1,636) 27,988 23,750 208,278 232,028 |
30.4.22 Total funds £ 16,260 984 17,244 3,741 1,490 3,634 10,844 195 750 - (4,432) 16,222 1,022 207,256 208,278 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
Superhero Foundation Ltd
Balance Sheet
30 April 2023
| Unrestricted funds Notes £ CURRENT ASSETS Cash at bank 167,397 CREDITORS Amounts falling due within one year 6 (1,014) NET CURRENT ASSETS 166,383 TOTAL ASSETS LESS CURRENT LIABILITIES 166,383 NET ASSETS 166,383 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 66,545 (900) 65,645 65,645 65,645 |
30.4.23 Total funds £ 233,942 (1,914) 232,028 232,028 232,028 166,383 65,645 232,028 |
30.4.22 Total funds £ 218,132 (9,854) 208,278 208,278 208,278 155,328 52,950 208,278 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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Superhero Foundation Ltd
Balance Sheet - continued
30 April 2023
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 ............................................. 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 2023
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.
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Superhero Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 30.4.23 | 30.4.22 | |
| £ | £ | |
| Commission received | (4,739) | 984 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Total EXPENDITURE ON Charitable activities Archie's Chance to Dance Olivia's Dream to Walk General Amelia's Dream to Walk Nicola Dylan Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted funds £ 7,016 984 8,000 - - 3,634 - - - (4,432) (798) 8,798 146,530 |
Restricted funds £ 9,244 - 9,244 3,741 1,490 - 10,844 195 750 - 17,020 (7,776) 60,726 |
Total funds £ 16,260 984 17,244 3,741 1,490 3,634 10,844 195 750 (4,432) 16,222 1,022 207,256 |
|---|---|---|---|
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Superhero Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
| 4. | 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 | ||
| £ | £ | £ | ||
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 155,328 | 52,950 | 208,278 | |
| 5. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 May 2022 | 1,120 | 7,038 | 8,158 | |
| Disposals | (1,120) | (4,789) | (5,909) | |
| At 30 April 2023 | - | 2,249 | 2,249 | |
| DEPRECIATION | ||||
| At 1 May 2022 | 1,120 | 7,038 | 8,158 | |
| Eliminated on disposal | (1,120) | (4,789) | (5,909) | |
| At 30 April 2023 | - | 2,249 | 2,249 | |
| NET BOOK VALUE | ||||
| At 30 April 2023 | - | - | - | |
| At 30 April 2022 | - | - | - | |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.4.23 | 30.4.22 | |||
| £ | £ | |||
| Bank loans and overdrafts (see note 7) | - | 7,202 | ||
| Trade creditors | 900 | 1,638 | ||
| Accrued expenses | 1,014 | 1,014 | ||
| 1,914 | 9,854 |
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Superhero Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
7. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bank overdrafts 8. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Archie's Chance to Dance Charlie's Voice Olivia's Dream to Walk Captain Armless Lincoln's Legs US Hospitals Amelia's Dream to Walk Nicola Dylan TOTAL FUNDS |
At 1.5.22 £ 155,328 8,909 636 2,045 (7,202) 163 6,768 14,924 20,770 5,937 52,950 208,278 |
30.4.23 £ - Net movement in funds £ 11,055 (4,492) - (396) 7,202 3 (6,768) (5,067) 22,661 (448) 12,695 23,750 |
30.4.22 £ 7,202 At 30.4.23 £ 166,383 4,417 636 1,649 - 166 - 9,857 43,431 5,489 65,645 232,028 |
|---|---|---|---|
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Superhero Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,842 | (4,787) | 11,055 |
| Restricted funds | |||
| Archie's Chance to Dance | - | (4,492) | (4,492) |
| Olivia's Dream to Walk | 654 | (1,050) | (396) |
| Captain Armless | 7,202 | - | 7,202 |
| Lincoln's Legs | 3 | - | 3 |
| US Hospitals | - | (6,768) | (6,768) |
| Amelia's Dream to Walk | 4,824 | (9,891) | (5,067) |
| Nicola | 22,661 | - | 22,661 |
| Dylan | 552 | (1,000) | (448) |
| 35,896 | (23,201) | 12,695 | |
| TOTAL FUNDS | 51,738 | (27,988) | 23,750 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Archie's Chance to Dance Charlie's Voice Olivia's Dream to Walk Captain Armless Lincoln's Legs US Hospitals Amelia's Dream to Walk Nicola Dylan TOTAL FUNDS |
At 1.5.21 £ 146,530 12,650 636 3,405 (7,202) 163 6,768 24,449 13,170 6,687 60,726 207,256 |
Net movement in funds £ 8,798 (3,741) - (1,360) - - - (9,525) 7,600 (750) (7,776) 1,022 |
At 30.4.22 £ 155,328 8,909 636 2,045 (7,202) 163 6,768 14,924 20,770 5,937 52,950 208,278 |
|---|---|---|---|
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Superhero Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,000 | 798 | 8,798 |
| Restricted funds | |||
| Archie's Chance to Dance | - | (3,741) | (3,741) |
| Olivia's Dream to Walk | 130 | (1,490) | (1,360) |
| Amelia's Dream to Walk | 1,319 | (10,844) | (9,525) |
| Nicola | 7,795 | (195) | 7,600 |
| Dylan | - | (750) | (750) |
| 9,244 | (17,020) | (7,776) | |
| TOTAL FUNDS | 17,244 | (16,222) | 1,022 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Archie's Chance to Dance Charlie's Voice Olivia's Dream to Walk Captain Armless Lincoln's Legs US Hospitals Amelia's Dream to Walk Nicola Dylan TOTAL FUNDS |
At 1.5.21 £ 146,530 12,650 636 3,405 (7,202) 163 6,768 24,449 13,170 6,687 60,726 207,256 |
Net movement in funds £ 19,853 (8,233) - (1,756) 7,202 3 (6,768) (14,592) 30,261 (1,198) 4,919 24,772 |
At 30.4.23 £ 166,383 4,417 636 1,649 - 166 - 9,857 43,431 5,489 65,645 232,028 |
|---|---|---|---|
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Superhero Foundation Ltd
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
8. 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 | 23,842 | (3,989) | 19,853 |
| Restricted funds | |||
| Archie's Chance to Dance | - | (8,233) | (8,233) |
| Olivia's Dream to Walk | 784 | (2,540) | (1,756) |
| Captain Armless | 7,202 | - | 7,202 |
| Lincoln's Legs | 3 | - | 3 |
| US Hospitals | - | (6,768) | (6,768) |
| Amelia's Dream to Walk | 6,143 | (20,735) | (14,592) |
| Nicola | 30,456 | (195) | 30,261 |
| Dylan | 552 | (1,750) | (1,198) |
| 45,140 | (40,221) | 4,919 | |
| TOTAL FUNDS | 68,982 | (44,210) | 24,772 |
9. 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.
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| Superhero Foundation Ltd | ||
|---|---|---|
| Detailed Statement of Financial Activities | ||
| for the Year Ended 30 April 2023 | ||
| 30.4.23 | 30.4.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 51,725 | 14,435 |
| Gift aid | 4,752 | 1,825 |
| 56,477 | 16,260 | |
| Other trading activities | ||
| Commission received | (4,739) | 984 |
| Total incoming resources | 51,738 | 17,244 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 302 | 274 |
| Advertising | 485 | 100 |
| Computer software and consumab les | 1,837 | 656 |
| Archie's Chance to Dance | 4,492 | 3,741 |
| Olivia's Dream to Walk | 1,050 | 1,490 |
| Amelia's Dream to Walk | 9,891 | 10,844 |
| Nicola | - | 195 |
| Dylan | 1,000 | 750 |
| Grants to institutions | 6,768 | - |
| 25,825 | 18,050 | |
| Other | ||
| Exceptional items | (1,636) | (4,432) |
| Support costs | ||
| Management | ||
| Public relations | 918 | 253 |
| Administration costs | 216 | 222 |
| 1,134 | 475 | |
| Finance | ||
| Bank charges | 94 | 136 |
| Governance costs | ||
| Accountancy and legal fees | 2,571 | 1,993 |
| Total resources expended | 27,988 | 16,222 |
| Net income | 23,750 | 1,022 |
This page does not form part of the statutory financial statements
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This page does not form part of the statutory financial statements
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