REGISTERED COMPANY NUMBER: 08999877 (England and Wales) REGISTERED CHARITY NUMBER: 1159572 rhero.-Foundation Limited b Guarantee Acom an Re rt of the Trustees and Unaudited Financial Statements for the Year Ended 30 April 2024
Su erhero Foundation Contents of the Financial Statemen for the Year Ended 30 A ri12024 Page ReFxJrt of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 14 Detailed Statement of Financial Activities 15
erh ro Foundation of the Trustees for the Year Ended 30 A ril 2024 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 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial ReFQrting Standard applicable in the UK and Rewblic 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 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 am; we've continued supporting a Mum (whose son Dylan sadly passed whilst we were supporting their fundraising) to get her therapy to help with her bereavement. We haven't taken on any new families this year., we've continued to fund treatments for the families we're already connected with, We've continued to progress on our new program initiative, giving support to families with unwell or disabled children who are left alone in children's hospitals and who need extra support. 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 2024, the Superhero Foundation again managed to maintsin its fund-raising activities and was able to raise £33,393 for their chosen causes. In addition they secured donations of £3,338 to enable them to cover the annual running costs of the charity and maintain the free reseNes at £164,582. It is the policy of the charity to maintain free reserves, at a level that equates to beeen three and elve months of the unrestricted reSoUrS 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 2024 the reserves of £164,582 were well within this reseNes policy. Page 1
rhero Foundation rt of the Trustees for the Year Ended 30 A ri12024 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 goveming document is our Memorandum and Articles of Association. In the event of the Supethero 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 performan. The day-to4ay management is carried out on a voluntary basis by Jamie McDonald. Jamie 18 reimbursed for out-of-pock8t expenses. Nettl of Gloucester provides 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 Reglstered Company number 08999877 (England and Wales) Reglstered Charfty number 1159572 Reglslered office 9 Wheatstone Court Waterwells Business Park Quedgeley Gloucestershire GL2 2AQ Trustees Mr J D McDonald Mr N PuNeur Mrs W D Fabian Mr C S Nyland Miss A S Mcnuff Trustee Independent Examiner Stanbridge Accountancy ServIs Limited 9 Wheatstone Court Waterwells Business Park Davy Way Gloucester Gloucestershire GL2 2AQ Approved by order of the board of trustees on behalf by: 0710612024 and signed on its Page 2
rhero Founda on Re rt of the Trus.Lees for the Year Ended 30 A ril 2024 Mr J D McDonald - Trustee Page 3
Inde endent Examiner's Re erhero Foundation ort to the Trustees of Independent examiner's report to the trustees of Superhero Foundation ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024. 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 examin6r'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.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records., or 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 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 IFRS 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 Duncan Woodger FCCA Stanbridge Accountancy Services Limited 9 Wheatstone Court Waterwells Business Park Davy Way Gloucester Gloucestershire GL2 2AQ Date.. Page 4
thero Foundation for the Year Ended 30 ri12024 30.4.24 Totsl funds 30.4.23 Totsl funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3,338 33,393 36,731 56,477 Other trading activities (4,739) Total 3,338 33,393 36.731 51,738 EXPENDITURE ON Charltable activities Archie's Chance to Dance Olivia's Dream to Walk General Amelia's Dream to Walk Dylan US Hospital Grant 3,624 975 3,624 975 5,139 4,885 250 4,492 1,050 6,423 9,891 1,000 5,139 4,885 250 6,768 other {1,636) Total 5,139 9,734 14,873 27,988 NEf INCOMEI(EXPENDITURE) (1,801) 23,659 21,858 23,750 RECONCILIATION OF FUNDS Total funds brought forward 166,383 65,645 232,028 208,278 TOTAL FUNDS CARRIED FORWARD 164,582 89,304 253.886 232,028 The notes fom part of these financial ststements Page 5
erhero Fo Balanc0_£ht 30 A ril 2024 30.4.24 Total funds 30.4.23 Total funds Unrestricted Restricted funds funds Notes CURRENT ASSETS Cash at bank 165,596 89,304 254,900 233,942 CREDITORS Amounts falling due within one year (1.014) (1,014) (1,914) NET cuRREr ASSETS 164,582 89,304 253,886 232,028 TOTAL ASSETS LESS CURRENT UABILrriES 164,582 89,304 253,886 232,028 NET ASSETS 164,582 89,304 253.886 232,028 FUNDS Unrestricted funds Restricted funds 164.582 89,304 166,383 65,645 TOTAL FUNDS 253,886 232,028 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (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 fomi part of these financial statements Page 6 continued...
thero Foundati Balance Shee 30 A ri12024 on inued These financial statements have been prepared in accordan 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 oYf0¥1201" and were signed on its behalf by: Mr J D McDonald - Trustee The notes form part of these financial statements Page 7
rhero Founda ' Notes to the Financial Statements for the Year Ended 30 A ril 2024 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 Chartties SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 20(. The financial ststements have been prepared under the historical cost convention. Income All income is recognised in the Ststement of Financial Activities On the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture 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 th8 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. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment straight line over 3 years Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accountlng 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...
erhero Foundation Notes to the Financial Statements - continued for the Year Ended 30 A ril 2024 OTHER TRADING ACTIVITIES 30.4.24 30.4.23 Commission received (4,739) TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 20.581 35,896 56,477 Other trading activities (4,739) (4,739) Total 15,842 35,896 51,738 EXPENDITURE ON Charltable actlvlties Archie's Chance to Dance Olivia's Dream to Walk General Amelia's Dream to Walk Dylan US Hospital Grant 4,492 1,050 4,492 1,050 6,423 9,891 1,000 6.423 9,891 1,000 6,768 6.768 Other (1,636) (1,636) Total 4,787 23,201 27,988 NEf INCOME 11,055 12.695 23.750 RECONCILIATION OF FUNDS Total funds brought fOard 155.328 52,950 208.278 Page 9 continued...
ethero Foundation Notes to the Financial Statemen for the Year Ended 30 ri12024 continue COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds Total funds TOTAL FUNDS CARRIED FORWARD 166.383 65,645 232,028 TANGIBLE FIXED ASSETS Computer equipment COST At 1 May 2023 and 30 April 2024 2.249 DEPRECIATION At 1 May 2023 and 30 April 2024 2,249 NET BOOK VALUE At 30 April 2024 At 30 April 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.24 30.4.23 Trade creditors Accrued expenses 900 1,014 1,014 1,014 1,914 Page 10 continued...
erhero Foundation Notes to the Financial Ststements - continued for the Year Ended 30 A ri12024 MOVEMENT IN FUNDS Net movement in funds At 30.4.24 At 1.5.23 Unrestricted funds General fund 166,383 (1,801) 164,582 Restricted funds Archie's Chance to Dance Charlie's Voice Olivia's Drearn to Walk Lincoln's Legs Amelia's Dream to Walk Nicola Dylan 4,417 636 1,649 166 9,857 43,431 5,489 14,792 19,209 636 4,198 166 6,960 52,896 5,239 2,549 (2,897) 9,465 {250) 65,645 23,659 89,304 TOTAL FUNDS 232,028 21,858 253,886 Net movement in funds, Included in the above are as follows: Incoming resources Resources Movement expended in fvjnds Unrestricted funds General fund 3,338 (5,139) (1,801) Restricted funds Archie's Chance to Dance Olivia's Dream to Walk Amelia's Dream to Walk Nicola Dylan 18,416 3.524 1,988 9,465 (3,624) (975) (4,885) 14,792 2,549 (2,897) 9,465 {250) {250) 33,393 (9,734) 23,659 TOTAL FUNDS 36.731 (14,873) 21,858 Page11 continued...
Su erhero Foundation Notes to the Financial Statements - continued for the Year Ended 30 A ri12024 MOVEMENT IN FUNDS - contlnued Comparatives for movement in funds Net movement in funds At 30.4.23 At 1.5.22 Unrestricted funds General fund 155,328 11,055 166,383 Restrlcted funds Archie's Chance to Dance Charlie's Voice Olivia's Dream to Walk Captain Amiless Lincoln's Legs US Hospitals Amelia's Dream to Walk Nicola Dylan 8,909 636 2,045 (7,202) 163 6,768 14,924 20,770 5,937 (4,492) 4,417 636 1,649 (396) 7,202 166 (6,768) (5,067) 22,661 (448) 9,857 43,431 5,489 52.950 12,695 65.645 TOTAL FUNDS 208,278 23,750 232,028 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestrlcted funds General fund 15,842 (4,787) 11,055 Restricted funds Archie's Chance to Dance Olivia's Dream to Walk Captain Armless Lincoln's Legs US Hospitals Amelia's Dream to Walk Nicola Dylan <4,492) (1.050) <4,492) {396} 7,202 654 7,202 (6,768) {9,891) (6,768) {5,067) 22,661 (448) 4,824 22,661 552 (1,000) 35,896 (23,201) 12,695 TOTAL FUNDS 51.738 (27,988) 23,750 Page 12 continued...
rhero Foundation Notes to the Financial Statements - continued for the Year Ended 30 A ril 2024 MOVEMENT IN FUNDS - continued A current year 12 months and prtor year 12 months combined position is as follows: Net movement in funds At 30.4.24 At 1.5.22 Unrestricted funds General fund 155,328 9,254 164,582 Restricted funds Archie's Chance to Dan Charlie's Voi Olivia's Dream to Walk Captain Armless Lincoln's Legs US Hospitals Amelia's Dream to Walk Nicola Dylan 8,909 636 2,045 (7,202) 163 6.768 14,924 20,770 5,937 10,300 19,209 636 4,198 2,153 7,202 166 {6.7681 {7,964) 32,126 (698) 6,960 52,896 5,239 52,950 36,354 89,304 TOTAL FUNDS 208,278 45.608 253,886 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestricted funds General fund 19.180 (9,926) 9,254 Restrlcled funds Archie's Chance to Dance Olivia's Dream to Walk Captain Annless Lincoln's Legs US Hospitals Amelia's Dream to Walk Nicola Dylan 18,416 4,178 7,202 (8,116) (2,025) 10,300 2,153 7,202 {6,768) (14.776) (6,768) (7,964) 32,126 {698) 6.812 32,126 552 (1,250) 69.289 {32,935) 36,354 TOTAL FUNDS 88,469 {42,861) 45,608 Page13 continued...
rhero Fo ation to he Financial S for the Year Ended 30 atements - continued ril 2024 RELATED PARTY DISCLOSURES The Trustees also agreed to award a website hosting and design contract to Nettl of GIOuster for £502 for the year. Chris Nyland (Trust) is a director of Nettl of Gloucester. Page 14
erhero Foun ion Detailed_sla ement of Financial Activities for the Year Ended 30 A ri12024 30.4.24 30.4.23 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 35,256 1.475 51,725 4,752 36,731 56.477 Other trading activities Commission received (4.739) Total Incoming resources 36,731 51,738 EXPENDITURE Charitable activities Insurance Advertising Computer Soare and consumab les Archie's Chance to Dance Olivia's Dream to Walk Amelia's Dream to Walk Dylan Grants to institutions 274 302 485 1,837 4,492 1,050 9,891 1,000 6,768 1 ,986 3,624 975 4,885 250 11,994 25,825 Other Exceptional items (1,636) Support costs Management Public relations Administration costs 918 216 982 982 1,134 Finance Bank charges 102 Govemance costs Accountsncy and legal fees 1,795 2,571 Totsl reSoUrS expended 14,873 27,988 Net income 21,858 23,750 This page does not form part of the statutory financial statements Page15