DocuSign Envelope ID: F1E14991-9D8F-427D-B793-86BE30A1B4A0
Charity number: 1163717
SSP FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
DocuSign Envelope ID: F1E14991-9D8F-427D-B793-86BE30A1B4A0
SSP FOUNDATION
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charitable incorporated organisation, | 1 |
| its Trustees and Advisers | |
| Trustees' Report | 2 - 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 24 |
DocuSign Envelope ID: F1E14991-9D8F-427D-B793-86BE30A1B4A0
SSP FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE INCORPORATED ORGANISATION, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2022
| Trustees | Kiran Bharadia (resigned 23 September 2021) |
|---|---|
| Russell Chaplin, Treasurer | |
| Marisa Fitch, Deputy Chair from 14 January 2023 | |
| Rachel Howarth, Chair (resigned 12 July 2021) | |
| Rosemary Jones | |
| Richard Lewis, Chair (appointed 21 July 2021, resigned 14 January 2023) | |
| Andy Martindale (resigned 17 November 2022) | |
| Katherine Merley (appointed 15 December 2021, resigned 1 December 2022) | |
| Roxanne Minbatiwala (appointed 15 December 2021) | |
| Helen Rylands | |
| Leslie Slye (appointed 15 December 2021) | |
| Joel Thethy (appointed 15 December 2021) | |
| Sukjander Tiwana, Chair (appointed 14 January 2023) | |
| Charity registered number 1163717 Principal office Jamestown Wharf 32 Jamestown Road London NW1 7HW Accountants Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB Bankers NatWest Bank plc PO Box 12258 1 Princes Street London EC2R 8BP |
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SSP FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2022
The Trustees present their annual report together with the financial statements of the charitable incorporated organisation (the "Charity") for the year from 1 July 2021 to 30 June 2022.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charity’s governing document, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Objectives and activities
Policies and objectives
The Charity’s objectives are to support charities which help those struggling to feed themselves or which combat food poverty and / or food waste.
The Charity also has an objective of match funding charities selected by employees of the SSP Group (principally employees of Select Service Partner UK Limited or "SSP UK") where the employees raise funds themselves for such charities or provide time to assist such charities. The Charity will also make donations (from time to time) to charities nominated by SSP UK employees as part of a programme of ensuring the SSP UK workforce is aware of the Charity and that it is passing monies to good causes.
The Charity’s policies are designed to help it achieve its objectives – further details are provided below.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Strategies for achieving objectives
The Charity works with SSP UK to identify charities which help those struggling to feed themselves or which combat food poverty and / or food waste.
The Charity communicates with employees of SSP UK on a regular basis to inform them of its activities, and of its match funding arrangements.
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SSP FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Objectives and activities (continued)
Grant-making policies
The Charity has a detailed policy on grant making. Consequently, grants should only be made where the purpose is:
a) to match funding raised by SSP UK employees who have undertaken personal fundraising or volunteering for a registered charity,
b) to make grants to charities nominated by SSP UK employees,
c) to make grants to charities which help those struggling to feed themselves or which aim to reduce food waste.
Any grants made under c above must include a provision that detailed progress reports are made on a regular basis to the Foundation to enable it to determine that proper use is being made of the funding.
Applications for donations must be scrutinised and must be approved by the Trustees before notification confirming payment can be given to the applicant. Donations will only be given to fund work or other activities that will help the Foundation carry out its objects, for example by supporting “local charities” that operate in the communities where SSP UK operates.
Main activities undertaken to further the charitable incorporated organisation's purposes for the public benefit
The main activity undertaken in the year of the Charity was to support projects organised by FareShare and by the Trussell Trust. The former was to provide funding for the purchase of a lorry to make deliveries of food to food banks in the Midlands, while the latter was to provide funding to help support a helpline giving advice to callers on food bank locations and on access to financial support from government and others (e.g. via claiming benefits).
In addition the Trustees have agreed to support a charity nominated by SSP UK employees as their “Charity of the Year” – see section below.
The Trustees confirm that they have had full regard to the public benefit guidance provided by the Charity Commission.
Achievements and performance
Key performance indicators
The Charity has been operating since December 2015. It keeps track of donations made via collection boxes at SSP UK sites on a regular basis and will review and amend KPI's according to the level of funds received from fundraising.
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SSP FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Achievements and performance (continued)
Review of activities
The Charity has placed collection boxes for donations at all (or nearly all) of the sites in the UK where operating companies within the SSP Group have activities (effectively most major train stations and airports).
During the year, the Foundation made 178 grants with a total value of £362,441 to a range of both local and national charities. The total includes amounts payable to the SSP Charity of the Year (see below), the amounts due to FareShare and the Trussell Trust (see below) and grants to a multitude of charities proposed by SSP UK employees.
The SSP Foundation continues to support the SSP Charity of the Year. At the beginning of 2018, SSP UK colleagues were given the opportunity to vote for their Charity of the Year and they chose Macmillan Cancer Support. A network of charity champions was recruited to provide help coordinating activities and teams across the SSP UK business and who took on a wide range of fundraising activities throughout the year. Colleague fundraising was supported by the SSP Foundation, which made an initial grant of £100,000 to kickstart colleague fundraising and also donated at least 33% of its collection tin income during the year. Subsequently SSP UK colleagues voted to continue with Macmillan Cancer Support as their Charity of the Year and accordingly the SSP Foundation made further grants of £100,000, £150,000 and £100,000 in 2019, 2020 and 2022 respectively (but nothing in 2021 due to the impact of Covid-19 on income), and the Foundation continued to donate at least 33% of its collection tin income.
The Foundation Trustees had discussions with a number of potential charity partners to look at opportunities to support projects linked to food poverty and food waste. Projects were agreed with new charity partners, FareShare and the Trussell Trust, and these began in 2022. The Foundation provided a grant of £60,000 to FareShare which has been used to help finance the acquisition of a lorry to make deliveries to Food Banks in the Midlands. The Foundation also provided a grant of £50,000 to the Trussell Trust which has been used to gear up a helpline providing advice and support to callers struggling to feed themselves and their families. The Foundation has set up a hardship fund and an aggregate grant of £4,394 was sent to employees in The Philippines who lost homes (and all their possessions) due to a typhoon.
Fundraising activities and income generation
The Foundation’s principal method of raising funds is to place collection tins in food and beverage outlets operated by Select Service Partner UK Limited in railway stations and airports in the UK. As customers visiting those units move to paying by credit or debit card or similar rather than by cash, donations will inevitably decline therefore the Foundation is investigating alternatives.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
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SSP FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Reserves policy
The reserves policy is being developed as the level of the Charity’s income and fixed costs become clearer. It is expected that the policy will be to maintain sufficient reserves to meet one year’s running expenses, together with amounts sufficient to fund any ongoing projects for any commitments made by the end of the accounting period.
Principal funding
The Charity receives funds from donations made by members of the public, who put cash into collection boxes at food and beverage outlets operated by Select Service Partner UK Limited (SSP UK) – the main UK operating company within the SSP Group.
The Charity is looking at introducing donations by credit and debit card at SSP UK outlets.
Structure, governance and management
Constitution
The charitable incorporated organisation was incorporated on 24 September 2015 and commenced trading on that date.
The principal object of the Charity is to hold its funds (and any income arising therefrom) on trust to pay or apply in such way as the Trustees think fit for such charitable purpose or for the benefit of such charitable institutions as the Trustees decide.
Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. Although not a requirement, all the current Trustees are, or were, employees of companies within the SSP group of companies (one of the Trustees is a former employee). It is expected that one or more individuals who are not employees of an SSP Group company will be appointed as Trustees in the near future.
Organisational structure and decision-making policies
The Charity is a small organisation and operates through its board of Trustees, who meet regularly. All decisions are taken at meetings of the Trustees.
Policies adopted for the induction and training of Trustees
The Trustees provide copies of the Constitution and relevant Charity Commission guidance to new Trustees and expect all Trustees to attend such training courses as are relevant to ensuring Trustees carry out their responsibilities in an appropriate fashion.
Change of independent examiner
Our Independent Examiner, Detlev Anderson, changed firms and consequently Kinnair Associates Limited were appointed as the Charity’s accountants during the year.
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SSP FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Plans for future periods
The Foundation will continue to make grants to employee nominated charities and to projects supporting the reduction or elimination of food poverty and food waste.
In addition, the Foundation has set up a Hardship Fund, in order to provide support to employees or former employees of SSP UK (or other companies within the SSP group) or their families, in particular because of the impact of Covid-19 and the significant redundancy programme instituted by SSP UK as a consequence thereof, and due to the current cost of living crisis. The Foundation also hopes to get the UK workforce more involved.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable incorporated organisation and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable incorporated organisation will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable incorporated organisation's transactions and disclose with reasonable accuracy at any time the financial position of the charitable incorporated organisation and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charitable incorporated organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 20 January 2023 and signed on their behalf by:
Russell Chaplin Trustee
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SSP FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2022
Independent Examiner's Report to the Trustees of SSP Foundation ('the charitable incorporated organisation')
We report to the charity Trustees on our examination of the accounts of the charitable incorporated organisation for the year ended 30 June 2022.
Responsibilities and Basis of Report
As the Trustees of the charitable incorporated organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
We report in respect of our examination of the charitable incorporated organisation's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is to drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). This is in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
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accounting records were not kept in respect of the charitable incorporated organisation as required by section 130 of the 2011 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
We 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.
This report is made solely to the charitable incorporated organisation's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the charitable incorporated organisation's Trustees those matters we are required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable incorporated organisation and the charitable incorporated organisation's Trustees as a body, for our work or for this report.
Signed: Dated: 24 January 2023 Detlev Anderson FCA Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
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SSP FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| Note Income from: Donations and legacies 2 Other income 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 83,962 - 83,962 361,651 361,651 (277,689) 856,720 (277,689) 579,031 |
Restricted funds 2022 £ 2,920 4,840 7,760 7,760 7,760 - - - - |
Total funds 2022 £ 86,882 4,840 91,722 369,411 369,411 (277,689) 856,720 (277,689) 579,031 |
Total funds 2021 £ 32,927 28,952 61,879 101,067 101,067 (39,188) 895,908 (39,188) 856,720 |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 24 form part of these financial statements.
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SSP FOUNDATION
BALANCE SHEET AS AT 30 JUNE 2022
| Note Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets Total assets Charity funds Unrestricted funds 11 Total funds |
- 652,632 652,632 (73,601) |
2022 £ 579,031 579,031 579,031 579,031 579,031 579,031 |
5,040 876,262 881,302 (24,582) |
2021 £ 856,720 |
|---|---|---|---|---|
| 856,720 | ||||
| 856,720 | ||||
| 856,720 | ||||
| 856,720 | ||||
| 856,720 |
The financial statements were approved and authorised for issue by the Trustees on 20 January 2023 and signed on their behalf by:
Russell Chaplin
Trustee
The notes on pages 10 to 24 form part of these financial statements.
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
SSP Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Foundation has adequate financial resources to continue in operational existence for the foreseeable future and they continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Income
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.
1.4 Expenditure
Expenditure is recognised 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 charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are 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 are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
1. Accounting policies (continued)
1.6 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 months or less from the date of acquisition or opening of the deposit or similar account.
1.7 Liabilities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
1.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic 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 at amortised cost using the effective interest method.
1.9 Fund accounting
General funds are unrestricted funds which are available 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
2. Income from donations and legacies
| Unrestricted funds 2022 £ Donations 83,962 Donations |
Restricted funds 2022 £ 2,920 Unrestricted funds 2021 £ 32,927 |
Total funds 2022 £ 86,882 |
|---|---|---|
| Total funds 2021 £ 32,927 |
3. Other income Income from fundraising events
| Fundraising Fundraising |
Restricted funds 2022 £ 4,840 Restricted funds 2021 £ 28,952 |
Total funds 2022 £ 4,840 |
|---|---|---|
| Total funds 2021 £ 28,952 |
A member of the SSP Group senior team organised a fundraising dinner to raise money to donate to the Ukraine Appeal (2021: The British Asian Trust, which organises the supply of oxygen cylinders to hospitals in India) which raised £4,840 (2021: £6,500).
In 2021 £22,452 was also received in donations from suppliers to SSP group companies.
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
4. Analysis of grants
| Grants payable Grants payable |
Grants to Institutions 2022 £ 362,441 |
Hardship grants 2022 £ 4,394 Grants to Institutions 2021 £ 90,952 |
Total funds 2022 £ 366,835 |
|---|---|---|---|
| Total funds 2021 £ 90,952 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
. Analysis of grants
| Recipient 1st Redbourne Scout Group 5th Crawley Scout Group Aberdeen Association of Social Service (Vsa) Aching Arms Acorns Children's Hospice Trust Action for Homelessness in Folkestone Age Concern Windsor Age UK Medway Aid for Children with Tracheostomies Air Ambulance Northern Ireland All Saints C.E. Primary School & Nursery Parent Teacher Association Alzheimer's Society Anthony Nolan Trust Arthur Rank Hospice Charity Asha-Nepal B.A.S.I.C. Brain And Spinal Injury Centre Limited Barnardos Battersea Dogs and Cats Home Bauer Radio's Cash For Kids Charity Beatson Cancer Charity Birmingham Dogs Home Bliss - The National Charity for the Newborn Brain Tumour Charity British Asian Trust British Epilepsy Association British Heart Foundation Cancer Research UK Canine Partners for Independence Cardiac risk in the young (C.R.Y) Cats Protection Chailey Heritage Foundation Chesterfield Royal Hospital NHS Trust Child Bereavement UK Children with Cancer UK Colton United Schools Combat2coffee Coughton School Parent Teacher Association Coventry Godiva Charitable Trust Fund Crisis Crohns and Colitis in Childhood CWPLUS Cyclic Vomiting Syndrome Association UK Carried forward |
2022 2021 £ £ 500 500 1,000 500 - 500 1,000 500 1,000 500 - - 1,000 1,500 - 500 - - 1,000 - 1,000 - 1,000 500 - 1,000 - 500 1,000 500 - 500 - 500 - 500 - - 1,000 - - 500 - 500 1,000 - 38,952 500 - 500 - 500 - 500 - 500 - 500 - 500 - 1,000 - 500 - 500 1,000 500 - - 1,000 - 1,000 500 - 500 1,000 500 - 500 - 500 - 18,500 52,952 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
| Breakdown of grants (continued): Recipient Brought forward Cystic Fibrosis Trust Dementia UK Derby & Burton Hospitals Charity Dogs Trust Douglas Macmillan Hospice Down Syndrome Oxford East Anglian Air Ambulance EDHI International Foundation UK Elworth Church of England Parents Teacher Association Emmaus Dover Essex and Herts Air Ambulance Trust Facial Palsy UK FareShare Farleigh Hospice Feeding Britain First Stop Darlington Flitwick Lower School Association Foundation for Prader-Willi Research UK Forever Hounds Trust Francis House Family Trust Friends of Cancer Centre Friends of Fringford School Friends of Loughton Manor First School Friends of Wheelock School Foundation for Conductive Education Great Ormond Street Hospital Children's Charity Greater London South West County Scout Council Green Shelter Society UK Halton Haven Hospice Happy Paws Puppy Rescue Harry Bennett Foundation Headway Worcestershire Highfield Park Trust Holt Youth Project Hope for Home Hopefield Animal Sanctuary Human Relief Foundation Idiopathic Intracranial Hypertension UK Into The Community, Food Bank (Milton Keynes Branch) Jarrow Football Club Carried forward |
2022 2021 £ £ 18,500 52,952 500 - 500 - 500 - 500 1,000 500 - 500 - 500 - 500 - 500 - 500 1,000 500 - 500 - 60,000 - 500 1,000 2,000 - 500 - 500 - 500 - - 1,000 500 - 500 - 500 - 500 - 500 1,000 500 - 500 - 500 - 500 - 500 - - 1,000 500 - 500 - 500 - 1,000 - 500 - 500 - 500 - 500 - - 1,000 500 - 98,500 59,952 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
| Breakdown of grants (continued): Recipient Brought forward Jo's Cervical Cancer Trust Joining Jack Keech Hospice Care Kemp Hospice Kevin Bell Repatriation Trust Khalsa Aid International Kilsyth Community Food Bank Kinfest Leeds Autism Services Lupus UK Macmillan Cancer Support Make-a-wish Marie Curie Martin House Masambiro UK Matt's Mission Megan Hurley Foundation Meningitis Association Scotland Meningitis Research Foundation Mercy Ships UK Mind UK Migrant Support Motor Neurone Disease Association Multiple Sclerosis Therapy Centre (Wessex) My Name'5 Doddie Foundation N.I. Air Ambulance National Eczema Society National Kidney Federation Newham Community Project Night Before Christmas Campaign Northern Ireland Children's Hospice Nova New Opportunities NSPCC Papyrus Prevention of Young Suicide Parathyroid UK Parity for Disability Parkinsons UK Parkinson UK - Eastbourne Branch PDSA People for Animal Care Trust (PACT) Carried forward |
2022 2021 £ £ 98,500 59,952 500 - 500 - 500 1,000 500 1,000 500 - 500 - 500 - 500 - 500 - - 1,000 136,101 3,000 500 - 500 - 500 1,000 500 - - - 500 - 500 - 500 - - 1,000 500 - 500 - 500 - 500 - - 1,000 - 1,000 500 - 500 - 500 - - 1,000 500 - 500 - 500 - 500 - - 1,000 500 - - 2,000 500 - 500 - 500 - 250,101 73,952 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
| Breakdown of grants (continued): Recipient Brought forward Petersham & Ham Sea Scouts Phelan-McDermid Syndrome Foundation (PMSF UK) Phyllis Tuckwell Memorial Hospice Ltd Planets Charity Princess Alice Hospice Raleigh International Ravens Rescue Redbourn Scout Group Redditch NightStop Romiley Little Theatre Royal Hospital for Sick Children Edinburgh Royal Society for the Prevention of Cruelty to Animals , RSPCA Sahir House Samaritans Sandgate Boys Club SANDS Save the Children Scottish Association for Mental Health Scottish poppy appeal Seal Protection Action Group Selby Hands of Hope Shaukat Khanum Memorial Trust UK Siblings Together SiMBA SiMBA Sindh Doctors Association (UK) Solving Kids' Cancer - Princess Poppy's Campaign Southampton doing it for the kids SpecialEffect Spirit Aid St Augustine's Frimley Parent Teacher Association St Barnabas Hospices (Sussex) Ltd St. George’s Crypt St George's Hospital Charity St Luke's Hospice St. Michael's Hospice (North Hampshire) St. Michael’s School Braintree Private School Fund St Oswald's Hospice St Richard’s Hospice Foundation St Vincent Hospice Carried forward |
2022 2021 £ £ 250,101 73,952 1,000 1,000 500 - - 1,000 500 - 500 1,000 500 - 500 - 1,000 - 500 - - 1,000 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - - 1,000 500 - 500 - 500 - (1,000) 1,000 500 500 - 1,000 - 500 - - 1,000 500 - 500 1,000 500 - 500 - 500 - 500 - 500 - 500 - 500 - - 1,000 500 - 267,601 82,952 |
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
| Breakdown of grants (continued): Recipient Brought forward Start360 Stonebridge City Farm Stonewall Equality Limited Street Soccer Scotland Sue Ryder Teenage Cancer Trust Terrence Higgins Trust The Alan Senitt Memorial Trust The Black Country Foodbank The British Diabetic Association The British Hedgehog Preservation Society The Eve Merton Dreams Trust The Guide Dogs For The Blind Association The Heart of Kent Hospice The Horsell Schools' Parent Teacher Association The Hoxton Trust The Lullaby Trust The Maggie Oliver Foundation The Martin Gallier Project The Medaille Trust The Message Trust The Myton Hospices Youthnet UK (The Mix) The National Deaf Children's Society The Oakhaven Trust The Open Bionics Foundation The Royal British Legion The St Peter & St James Charitable Trust The Stars Appeal The Sunnybank Trust The Terrence Higgins Trust The Trussell Trust The Unbeatable Eva Foundation The Who is Hussain Foundation The Woking Community Furniture Project Think Amy TIC (Hull) Tourettes Syndrome Ukraine Appeal UNICEF Weston Park Foundation Carried forward |
2022 2021 £ £ 267,601 82,952 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 1,000 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 - 500 1,000 500 - 500 - - 1,000 - 1,000 - 1,000 500 - 50,000 - 500 - 500 1,000 500 - 500 - 500 - 24,840 - 500 - 500 - 359,941 88,952 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
| Breakdown of grants (continued): Recipient Brought forward Wild Camel Protection Foundation William Patten Primary School, Parent Teacher and Friends Association William Patten Primary School, Parent Teacher and Friends Association Wish upon a star Wishing Well Project Womens Aid WWF Young Mind Total |
2022 2021 £ £ 359,941 88,952 500 - (1,000) 1,000 500 500 - 500 - 500 - 500 1,000 500 - 362,441 90,952 |
|---|---|
5. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted funds 2022 £ Grants payable (note 4) 359,075 Independent examiner's fees 2,200 Bank and other charges 376 361,651 Unrestricted funds 2021 £ Grants payable (note 4) 62,000 Independent examiner's fees 2,130 Bank and other charges 245 Legal and professional fees 7,740 72,115 |
Restricted funds 2022 £ 7,760 - - 7,760 Restricted funds 2021 £ 28,952 - - - 28,952 |
Total 2022 £ 366,835 2,200 376 |
|---|---|---|
| 369,411 | ||
| Total 2021 £ 90,952 2,130 245 7,740 |
||
| 101,067 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
6. Independent examiner's remuneration
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to the charitable incorporated organisation's independent | ||
| examiner for the preparation and independent examination of the | ||
| charitable incorporated organisation's annual accounts | 2,200 | 2,130 |
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .
During the year ended 30 June 2022, no Trustee expenses have been incurred (2021 - £NIL) .
8. Debtors
| Due within one year Other debtors |
2022 £ - - |
2021 £ 5,040 |
|---|---|---|
| 5,040 |
9. Creditors: Amounts falling due within one year
| Other creditors Accruals and deferred income |
2022 £ 71,401 2,200 73,601 |
2021 £ 22,452 2,130 |
|---|---|---|
| 24,582 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
10. Financial instruments
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 652,632 | 876,262 |
Financial assets measured at fair value through income and expenditure comprise cash at bank.
11. Statement of funds
Statement of funds - current year
| Balance at 1 July 2021 £ Unrestricted funds General Funds 856,720 Restricted funds Ukraine Appeal - Macmillan - - Total of funds 856,720 |
Income £ Expenditure £ 83,962 (361,651) 4,840 (4,840) 2,920 (2,920) 7,760 (7,760) 91,722 (369,411) |
Balance at 30 June 2022 £ 579,031 |
|---|---|---|
| - - |
||
| - | ||
| 579,031 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
11. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Restricted funds Ukraine Appeal Total of funds |
Balance at 1 July 2020 £ 895,908 - 895,908 |
Income £ 32,927 28,952 61,879 |
Expenditure £ (72,115) (28,952) (101,067) |
Balance at 30 June 2021 £ 856,720 |
|---|---|---|---|---|
| - | ||||
| 856,720 |
Our restricted income in 2022 came from the following: -
Ukraine Appeal:
In May 2022 a fundraising dinner was organised by a member of the SSP Group senior team to raise money to donate to the Humanitarian Aid Appeal for Ukraine. £4,840 was raised.
Macmillan:
SSP UK held certain events to raise money for Macmillan and passed the funds (£2,920) to the Foundation to pass on to Macmillan.
Our restricted income in 2021 came from the following: -
British Asian Trust
In May 2021 a fundraising dinner was organised by a member of the SSP Group senior team to raise money to donate to the British Asian Trust which organises the supply of oxygen cylinders to hospitals in India.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
12. Summary of funds
Summary of funds - current year
| Balance at 1 July 2021 £ General funds 856,720 Restricted funds - 856,720 Summary of funds - prior year Balance at 1 July 2020 £ General funds 895,908 Restricted funds - 895,908 |
Income £ Expenditure £ 83,962 (361,651) 7,760 (7,760) 91,722 (369,411) Income £ Expenditure £ 32,927 (72,115) 28,952 (28,952) 61,879 (101,067) |
Balance at 30 June 2022 £ 579,031 - |
|---|---|---|
| 579,031 | ||
| Balance at 30 June 2021 £ 856,720 - |
||
| 856,720 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2022 £ Current assets 652,632 Creditors due within one year (73,601) Total 579,031 |
Total funds 2022 £ 652,632 (73,601) 579,031 |
|---|---|
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 881,302 (24,582) 856,720 |
Total funds 2021 £ 881,302 (24,582) 856,720 |
|---|---|---|
14. Related party transactions
The charitable incorporated organisation has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charitable incorporated organisation at 30 June 2022.
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