Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
Charity number: 1163717
SSP FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
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 - 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 - 26 |
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE INCORPORATED ORGANISATION, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024
Trustees
Sukjander Tiwana, Chair Marisa Fitch, Deputy Chair Rosie Jones Roxanne Minbatiwala Helen Rylands (resigned 22 November 2024) Leslie Slye (resigned 22 November 2024) Joel Thethy (resigned 22 November 2024) Bethany Fensome (resigned 22 November 2024) Christopher Wright Noel Collett Andrew Winter Andrew Caplan (resigned 22 November 2024) Lauren Wood (appointed 6 March 2025)
Charity registered number
1163717
Principal office
Jamestown Wharf 32 Jamestown Road London NW1 7HW
Accountants
Kinnair Associates Limited 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 2024
The Trustees present their annual report together with the financial statements for the year from 1 July 2023 to 30 June 2024.
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 provide grants to UK registered 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 UK based employees of the SSP Group (principally employees of Select Service Partner UK Limited or "SSP UK" but also SSP Group Plc, SSP Financing UK Limited and Rail Gourmet U.K. Limited) 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 UK based SSP employees as part of a programme of ensuring the SSP Group's 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 UK based employees of the SSP Group to identify charities which help those struggling to feed themselves or which combat food poverty and / or food waste.
The Charity communicates with UK based colleagues of the SSP Group 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 2024
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 UK based employees of the SSP Group who have undertaken personal fundraising or volunteering for a registered charity,
b) to make grants to charities nominated by UK based employees of the SSP Group,
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 Charity 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 Charity 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
During the year the main activity undertaken of the Charity was to support projects organised by FareShare and by Trussell (formerly the Trussell Trust).
In addition the Trustees have agreed to support various charities nominated by UK based employees of the SSP Group as grants or via match funding.
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 2024
Achievements and performance (continued)
Review of activities and income generation
Historically, the Charity’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. 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).
As customers visiting those units move to paying with a credit or debit card or similar rather than by cash, donations have inevitably declined in value, this trend was accelerated due to Covid. Therefore, the Charity started to look at alternative fundraising activities, including hosting a Gala Fundraisers, with an auction and a raffle, employee fundraising and started work to look at the possibility of charity donations in PED machines and kiosks (with an estimated implementation date of mid 2025). As at 30th June 2024, two Gala dinners had been held:
-
May 2023: Hosted by the SSP Foundation, raising £212k
-
April 2024: Hosted by SSP UK Limited in aid of the SSP Foundation, raising ~£270k subject to final cash receipts and costs.
Each year the Trustees have discussions with a number of potential charity partners to look at opportunities to support projects linked to food poverty and food waste. For both Charity events, funds have been equally split between Trussell and FareShare however this will be reviewed on an annual basis. Historically the Charity has also supported these charities by providing 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 Charity also provided a grant of £50,000 to Trussell which has been used to gear up a helpline providing advice and support to callers struggling to feed themselves and their families.
During the year the Charity has:
-
Distributed £106k to each of FareShare and Trussell relating to the Gala dinner hosted in May 2023.
-
Made over 100 grants or match funding with a total value of ~£105k to a range of both local and national charities.
-
During the year the Charity continued to donate at least 33% of cash received as collection tin income to Macmillan.
The payment of grants relating to the April 2024 Gala will take place in the next financial year, when the final amount raised has been confirmed. Both costs and receipts not received ahead of the year end have been provided for at the year end.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charitable incorporated organisation 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
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SSP FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
Reserves policy
The reserves policy continues to be developed as the level of the Charity’s income and fixed costs evolve given new fundraising activity.
It is expected that the policy will be to maintain sufficient reserves to meet one year’s running expenses and to hold funds for all committed spend and/or projects made by the end of the accounting period.
Principal funding
In the year, the Charity hosted its second Gala Fundraiser to raise funds for Trussell and FareShare.
In addition, the Charity continues to receive 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 principal UK operating company within the SSP Group. Employees also raise funds through various fundraising activities.
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 at the date of this report.
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.
Plans for future periods
The Charity will continue to make grants to employee nominated charities and to projects organised by Trussell and/or FareShare supporting the reduction or elimination of food poverty and food waste.
Following the success of the charity Gala Fundraiser hosted in 2024, further similar activity is planned in 2025.
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SSP FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
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;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
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 30 April 2025 and signed on their behalf by:
Rosie Jones
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SSP FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2024
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 2024.
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
Since the charitable incorporated organisation's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the charitable incorporated organisation has prepared the accounts in accordance with 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) 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 accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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:
-
accounting records were not kept in respect of the charitable incorporated organisation as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
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.
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SSP FOUNDATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
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: Detlev Anderson FCA
Dated: 30 April 2025
Kinnair Associates Limited
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 2024
| Note Income from: Donations and legacies 3 Other income 4 Total income Expenditure on: Raising funds 5 Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 25,982 - 25,982 - 93,746 93,746 (67,764) 489,255 (67,764) 421,491 |
Restricted funds 2024 £ - 382,927 382,927 122,714 212,000 334,714 48,213 226,124 48,213 274,337 |
Total funds 2024 £ 25,982 382,927 408,909 122,714 305,746 428,460 (19,551) 715,379 (19,551) 695,828 |
Total funds 2023 £ 46,076 312,579 |
|---|---|---|---|---|
| 358,655 | ||||
| 85,849 136,458 |
||||
| 222,307 | ||||
| 136,348 | ||||
| 579,031 136,348 |
||||
| 715,379 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 26 form part of these financial statements.
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SSP FOUNDATION
BALANCE SHEET AS AT 30 JUNE 2024
| Note Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
326,719 529,662 856,381 (160,553) |
2024 £ 695,828 695,828 695,828 274,337 421,491 695,828 |
141,034 661,595 802,629 (87,250) |
2023 £ 715,379 |
|---|---|---|---|---|
| 715,379 | ||||
| 715,379 | ||||
| 226,124 489,255 |
||||
| 715,379 |
The financial statements were approved and authorised for issue by the Trustees on 30 April 2025 and signed on their behalf by:
Rosie Jones
The notes on pages 11 to 26 form part of these financial statements.
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1. General information
SSP Foundation is a charitable incorporated organisation registered with the Charity Commission in England and Wales as charity number 1163717. The principal office is at Jamestown Wharf, 32 Jamestown Road, London, NW1 7HW.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
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 Charities SORP (FRS 102) published in October 2019 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.
The financial statements are presented in pounds Sterling and rounded to the nearest pound.
2.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity 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.
2.3 Income
All income is recognised once the charitable incorporated organisation has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.4 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 raising funds includes all expenditure incurred by the charitable incorporated organisation to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable incorporated organisation's objectives, as well as any associated support costs.
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
2. Accounting policies (continued)
2.4 Expenditure (continued)
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.
2.5 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.
2.6 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.
2.7 Liabilities and provisions
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 charitable incorporated organisation 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.
2.8 Financial instruments
The charitable incorporated organisation 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.
2.9 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 charitable incorporated organisation 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 charitable incorporated organisation 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 2024
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations 25,982 Unrestricted funds 2023 £ Donations 46,076 |
Total funds 2024 £ 25,982 |
|---|---|
| Total funds 2023 £ 46,076 |
4. Other income Income from fundraising events
| Fundraising Unrestricted funds 2023 £ Fundraising 606 |
Restricted funds 2024 £ 382,927 Restricted funds 2023 £ 311,973 |
Total funds 2024 £ 382,927 |
|---|---|---|
| Total funds 2023 £ 312,579 |
As in 2023 a charity Gala Fundraiser was held in the year to raise money to donate to Fare Share and Trussell where any funds raised, less expenses, were to be split equally between both charities.
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
5. Expenditure on raising funds
Fundraising trading expenses
| Fundraising expenses - costs of Gala Fundraise Fundraising trading expense 6. Analysis of grants |
Restricted funds 2024 £ 122,714 Restricted funds 2023 £ 85,849 |
Total funds 2024 £ 122,714 |
|---|---|---|
| Total funds 2023 £ 85,849 |
||
| Grants payable Grants payable |
Grants to Institutions 2024 £ 303,089 Grants to Institutions 2023 £ 133,873 |
Total funds 2024 £ 303,089 |
|---|---|---|
| Total funds 2023 £ 133,873 |
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SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
. Analysis of grants
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| 1st Larch Farm Scout Group | 1,000 | - |
| 1st Leadgate Scout Group | - | (500) |
| 1st Silver End Scout Group | 1,000 | - |
| 4Louis | 1,000 | - |
| 5th Crawley Scout Group | 1,000 | 500 |
| Abdullah Aid | 1,000 | - |
| Aching Arms | 1,000 | 1,000 |
| Acorn Book Club | - | 500 |
| Acorns Children's Hospice Trust | 1,000 | 500 |
| Actionaid | - | 500 |
| Action for Children | 1,000 | - |
| Action Mental Health | - | 1,000 |
| Age UK Trafford | 1,000 | - |
| Aid for Children with Tracheostomies | - | 500 |
| Air Cadet Charity CIO | 1,000 | - |
| Alder Hey Children’s Hospital Charity | - | 500 |
| Alzheimer's Society | - | 500 |
| Anthony Nolan Trust | 1,000 | 500 |
| Arden Foodbank | - | 500 |
| Asha-Nepal UK | 1,000 | 500 |
| Autism West Midlands | 1,000 | - |
| Axbridge Church of England First School Parent Teacher Association | - | 500 |
| BAPS charities | 1,000 | 500 |
| Beaumond House Community Hospice | 1,000 | - |
| Bedfordshire Hospitals NHS Charity | - | 500 |
| Birmingham Children's Hospital Charity | 1,000 | - |
| Birmingham Women and Children's Hospital Charity | 1,000 | 500 |
| Black Country Food Bank | 1,000 | - |
| Blood Cancer UK | - | 500 |
| Bluebell Wood Children's Hospice | - | 500 |
| Blue Cross | - | 500 |
| Brain Tumour Charity | - | 500 |
| Breast Cancer Now | - | 500 |
| Breast Cancer UK | 1,000 | - |
| Bristol and Bath Parks Foundation | 500 | - |
| British Heart Foundation | 500 | 500 |
| Cancer Research UK | 1,250 | 500 |
| Cardiac Risk in the Young (C.R.Y) | - | (500) |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
| Cats Protection | 1,000 | (500) |
|---|---|---|
| Centre Point | - | 500 |
| Chailey Heritage Foundation | 1,000 | - |
| Charlie and Carter Foundation | - | 500 |
| CHASE Africa | 1,000 | - |
| Cheddar First School FPTA | 1,000 | - |
| Child Autism UK | - | 500 |
| Child Bereavement UK | - | 500 |
| Children's Heartbeat Trust | 1,000 | 500 |
| Children's Hospice SouthWest / Little Harbour | - | 500 |
| Children with Cancer UK | - | (500) |
| Chrysalis Centre for Change - St Helens | - | 500 |
| CHUMS Charity | - | 500 |
| Cool Earth Action | - | 500 |
| Crisis UK | 1,000 | 500 |
| CWPLUS | (500) | 500 |
| Dementia UK | - | 500 |
| Derian House Children's Hospice | - | 500 |
| Diabetes UK | (500) | 500 |
| Differabled Scotland | 1,000 | - |
| Dogs Trust | - | 500 |
| Doing it for Daniel Foundation | - | 500 |
| Dover Smart Project | 1,000 | 500 |
| Down Syndrome Association | (500) | 500 |
| Down Syndrome Oxford | - | 500 |
| East Anglian Air Ambulance | 1,000 | 500 |
| EDHI International Foundation UK | 1,000 | - |
| Emmaus Dover | 1,000 | 500 |
| Epilepsy Action | - | 500 |
| Essex and Herts Air Ambulance Trust | - | 500 |
| Facial Palsy UK | - | 500 |
| Family Action | 1,000 | - |
| Family Holiday Charity | - | 500 |
| FareShare | 106,000 | - |
| Farleigh Hospice | 1,000 | 500 |
| Firefly Cancer Awareness and Support | (500) | 1,000 |
| Flitwick Scout Group | 2,000 | - |
| FND Dimensions | 1,000 | 500 |
| Foundation for Prader-Willi Research UK | 1,000 | - |
| Friends of Cancer Centre | - | (500) |
| Friends of Essex & London Homeless | 1,000 | - |
| Friends of Mutake School | - | 500 |
| Friends of Olney Infant Academy | 1,000 | - |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
| Friends of Waycroft Academy | 1,000 | - |
|---|---|---|
| Friends of Wheelock School | - | 1,000 |
| Fringford C of E School | (500) | 500 |
| Glasgow Children's Hospital | 1,000 | - |
| Gleadless Valley Food Bank | 1,000 | - |
| Great Ormond Street Hospital Children's Charity | - | 500 |
| Greater London South West County Scout Council | - | (500) |
| Green Shelter Society UK | 1,000 | 500 |
| HARC (Homeless & Rootless at Christmas) | - | 500 |
| Harry Bennett Foundation | - | (500) |
| Homeless Project Scotland | - | 500 |
| Home - The Kachin Relief Fund | - | 500 |
| Hospice of St. Francis (Berkhamsted) | (500) | 500 |
| Idiopathic Intracranial Hypertension UK | - | 500 |
| Isabel Hospice | 1,000 | - |
| Jarrow Dynamos FC U11’s | (500) | 500 |
| Joining Jack | 1,000 | 500 |
| Julia's House | 1,000 | - |
| Keech Hospice Care | 1,000 | - |
| Kent MS Therapy Centre | - | 500 |
| Khalsa Aid International | - | 500 |
| Kicks Count | - | 500 |
| Kids Aid Tanzania | - | 500 |
| Kilsyth Community Food Bank | - | 500 |
| Kindness Homeless Street Team Glasgow | 1,000 | - |
| Kingswood AFC | - | 500 |
| Lewisham Local | 1,000 | 500 |
| Life4Widows International | - | 500 |
| London Air Ambulance | (500) | 500 |
| London Legal Support | 400 | - |
| Lower Penarth Community Association | - | 500 |
| Lupus UK | 1,000 | - |
| Macmillan Cancer Support | 6,439 | 58,768 |
| Maggie Keswick Jencks Cancer Caring Centres Trust | - | 500 |
| Marie Curie | - | (500) |
| Maternity Action | - | 500 |
| Max Appeal | - | 500 |
| Mayhew | - | 500 |
| Meningitis Association Scotland | - | (500) |
| Mesothelioma UK | - | 500 |
| Mind UK | - | 500 |
| Motor Neurone Disease Association | 1,000 | - |
| MS Society UK | (500) | 500 |
Page 17
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
| Multiple Sclerosis Therapy Centre (Wessex) Limited | 1,000 | - |
|---|---|---|
| Newcastle upon Tyne Dog and Cat Animal Sanctuary | 1,000 | 500 |
| NICE Conductive Education | - | 500 |
| North East Homeless | (500) | 500 |
| Northern Ireland Air Ambulance | (500) | 500 |
| NSPCC | - | (500) |
| Octopus for a Preemie | - | 500 |
| Odd Balls Foundation | - | 500 |
| Only A Pavement Away | 1,000 | 605 |
| Owen McVeigh Foundation | 1,000 | 500 |
| Oxfam | - | 500 |
| Pancreatic Cancer UK | - | 500 |
| Papyrus Prevention of Young Suicide | 1,000 | 500 |
| Parathyroid UK | - | 500 |
| Parkinsons Disease Society of the United Kingdom | 500 | 1,000 |
| PEEK - Possibilities for Each and Every Kid | - | 500 |
| Picadilly Pre School | 1,000 | - |
| Princess Alice Hospice | (500) | 500 |
| Prostate Cancer UK | - | 1,000 |
| PTA And Friends of Altrincham Church of England Aided Primary School | - | 500 |
| Rainbow Dog Rescue | - | 500 |
| Rainbow Trust | - | 500 |
| Reach Lanarkshire Autism | 1,000 | - |
| Refuge | 1,000 | 500 |
| Richmond Furniture Scheme | 1,000 | - |
| Romiley Little Theatre | 1,000 | - |
| Ronald McDonald House Charities | (500) | 500 |
| Rotherham Hospital and Community Charity | 1,000 | - |
| Rotherham Hospice Rotherham Parents Forum | - | 1,000 |
| Rotherham Parents Forum Limited | 1,000 | - |
| Royal British Legion | 1,000 | - |
| Royal Hospital for Sick Children Edinburgh | - | (500) |
| Royal Society for the Prevention of Cruelty to Animals , RSPCA | 1,000 | 500 |
| Royal Voluntary Service | 1,000 | - |
| Samaritans - Brighton, Hove and District | 1,000 | - |
| Sandbach United Football Club CIO | 1,000 | - |
| Sandgate Boys Club | - | 500 |
| SANDS | - | 500 |
| Scottish Association for Mental Health | - | (500) |
| Selby Hands of Hope | 1,000 | - |
| Sewa UK | - | 500 |
| Shaukat Khanum Memorial Trust UK | 1,000 | - |
| Smethwick Society MHC | (500) | 500 |
Page 18
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
| Southampton Doing it for the Kids | 500 | 500 |
|---|---|---|
| South Ayrshire Escape From Homelessness Ltd (Seascape) | - | 500 |
| Spirit Aid | - | (500) |
| Sri Lankan Integrated Cultural Association | - | 500 |
| St Anthony’s Youth Education and Support | - | 500 |
| St Augustine's Frimley Parent Teacher Association | 1,000 | 500 |
| St Catherine's Hospice | - | 500 |
| St Clement Danes School Anchor Fund | - | 500 |
| St Elizabeth Hospice | - | 500 |
| St Francis Hospice | - | 500 |
| St. George’s Crypt | - | 500 |
| St Leonards Hospice | 1,000 | - |
| St Luke's Hospice, Plymouth | 1,000 | 1,000 |
| St Mary's Primary School Colton PTA | - | 500 |
| St. Michael’s School Braintree Private School Fund | - | 500 |
| St Mungo’s | - | 500 |
| St Oswald's Hospice | 1,000 | 1,000 |
| St Vincent Hospice | - | 500 |
| Stephen Freeman PTA | - | 500 |
| Stonewall Equality Limited | - | (500) |
| Street Friends Helping People in Need Limited | 1,000 | - |
| Street Soccer Scotland | - | 500 |
| Stripey Stork - Family Support | - | 500 |
| Stroke Association | 1,000 | - |
| SUDEP ACTION | (500) | 500 |
| Sue Ryder | (500) | 500 |
| Suki's Canine Rescue Crew | - | 500 |
| Support Dogs Limited | 1,000 | - |
| Sunny Govan Community Media Group | - | 500 |
| Survival International | (500) | 500 |
| Swindon Food Collective | 1,000 | - |
| Tameside and Glossop Hospice | - | 500 |
| Teenage Cancer Trust | (500) | - |
| Temple Fields Academy Trust | (500) | 500 |
| Terrence Higgins Trust | - | (500) |
| The Alan Senitt Memorial Trust | 1,000 | 500 |
| The Big Disability Group | - | 500 |
| The Black Country Foodbank | - | 500 |
| The Children’s Trust | 1,000 | 500 |
| The Eve Merton Dreams Trust | 1,000 | - |
| The Fire Fighters Charity | - | 500 |
| The Horsell Schools' Parent Teacher Association | - | 500 |
| The Lullaby Trust | 1,000 | 500 |
Page 19
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
| The Kris Boyd Charity The Millie-Rose Stirrup Foundation The Petersham & Ham Sea Scout Group The Pickering Cancer Drop In Centre The Royal British Legion The Royal Marsden Cancer Charity The Terrence Higgins Trust The Tree of Life Trussell The Woking Community Furniture Project Together for Short Lives Tommy's Touchpoint Treetops Hospice Turkey Lane & Monsall Neighbourhood Centre Ukraine Appeal Ukraine Charity Under One Sky Together Visyon Ltd Way Widowed and Young Wessex MS Therapy Centre Weston Park Foundation Who is Hussain Foundation Whyteleafe School PTA William Patten Primary School, Parent Teacher and Friends Association Womens Aid ABCLN WWF Wythenshawe Community Initiative Young Lives vs Cancer Young Mind Other grants |
1,000 1,000 500 - - - - - 106,000 - - (500) - - 1,000 - 1,000 (500) 1,000 1,000 - - 1,000 1,000 - 1,000 - 1,000 - - - 303,089 |
- - - 500 (500) 500 (500) 500 - 500 500 500 500 500 - 500 - 500 - - 500 (500) - 500 (500) - 500 500 500 1,000 1,500 133,873 |
|---|---|---|
Negative amounts above represent cheques issued in earlier years which were not cashed by the payee and have now been cancelled.
Page 20
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2024 £ Grants payable (note 6) 91,089 Independent examiner's fees 2,538 Bank and other charges 119 93,746 |
Restricted funds 2024 £ 212,000 - - 212,000 |
Total 2024 £ 303,089 2,538 119 |
|---|---|---|
| 305,746 |
| Grants payable (note 6) Independent examiner's fees Bank and other charges |
Unrestricted funds 2023 £ 133,873 2,306 279 136,458 |
Total 2023 £ 133,873 2,306 279 |
|---|---|---|
| 136,458 |
8. Analysis of expenditure by activities
| Grants payable (note 6) Independent examiner's fees Bank and other charges |
Grant funding of activities 2024 £ 303,089 - - 303,089 |
Support costs 2024 £ - 2,538 119 2,657 |
Total funds 2024 £ 303,089 2,538 119 |
|---|---|---|---|
| 305,746 |
Page 21
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
8. Analysis of expenditure by activities (continued)
| Grant | ||||
|---|---|---|---|---|
| funding of | Support | Total | ||
| activities | costs | funds | ||
| 2023 | 2023 | 2023 | ||
| £ | £ | £ | ||
| Grants payable (note 6) | 133,873 | - | 133,873 | |
| Independent examiner's fees | - | 2,306 | 2,306 | |
| Bank and other charges | - | 279 | 279 | |
| 133,873 | 2,585 | 136,458 | ||
| 9. | Independent examiner's remuneration | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Fees payable to the charitable incorporated organisation's independent | ||||
| examiner for the preparation and independent examination of the | ||||
| charitable incorporated organisation's annual accounts | 2,538 | 2,306 | ||
| 10. | Trustees' remuneration and expenses | |||
| During the year, no Trustees received any remuneration or other benefits_(2023 - £NIL)_. | ||||
| During the year ended 30 June 2024, no | Trustee expenses have been incurred_(2023 - £NIL)_. |
11. Debtors
| Due within one year Other debtors |
2024 £ 326,719 326,719 |
2023 £ 141,034 |
|---|---|---|
| 141,034 |
Page 22
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
12. Creditors: Amounts falling due within one year
| Other creditors Accruals and deferred income |
2024 £ 6,196 154,357 160,553 |
2023 £ 1,257 85,993 |
|---|---|---|
| 87,250 |
13. Financial instruments
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 529,662 | 661,595 |
Financial assets measured at fair value through income and expenditure comprise cash at bank.
Page 23
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
14. Statement of funds
Statement of funds - current year
| Balance at 1 July 2023 £ Unrestricted funds General Funds 489,255 Restricted funds Gala Fundraiser 226,124 Total of funds 715,379 |
Income £ Expenditure £ 25,982 (93,746) 382,927 (334,714) 408,909 (428,460) |
Balance at 30 June 2024 £ 421,491 |
|---|---|---|
| 274,337 | ||
| 695,828 |
Our restricted income in 2024 came from the following: -
Gala Fundraiser :
In 2024, as in the previous year the charity hosted a Gala Fundraiser in aid of Trussell and FareShare. Funds raised less costs were to be split equally between the charities. Funds were raised through a combination of table sales, a charity auction and a raffle. At the year end, a number of funds from the table and auction were outstanding and we also were awaiting receipt of funds from the auction so a provision has been made for both income and expenses.
Our restricted income in 2023 came from the following: -
Gala Fundraiser:
In 2023, in light of reduced cash collection receipts from tins, the Charity investigated various alternative fundraising options and selected to proceed with hosting a charity Gala Fundraiser in aid of Trussell and FareShare. Funds raised less costs were to be split equally between the charities. Funds were raised through a combination of table sales, a charity auction and a raffle. At the year end, a number of funds from the table and auction were outstanding and we also were awaiting receipt of funds from the auction so a provision has been made for both income and expenses.
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 held certain events to raise money for Macmillan and passed the funds (£2,920) to the Charity to pass on to Macmillan.
Page 24
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
14. Statement of funds (continued)
Statement of funds - prior year
| Balance at 1 July 2022 £ Unrestricted funds General Funds 579,031 Restricted funds Gala Fundraiser - Total of funds 579,031 Summary of funds Summary of funds - current year Balance at 1 July 2023 £ General funds 489,255 Restricted funds 226,124 715,379 Summary of funds - prior year Balance at 1 July 2022 £ General funds 579,031 Restricted funds - 579,031 |
Income £ Expenditure £ 46,682 (136,458) 311,973 (85,849) 358,655 (222,307) Income £ Expenditure £ 25,982 (93,746) 382,927 (334,714) 408,909 (428,460) Income £ Expenditure £ 46,682 (136,458) 311,973 (85,849) 358,655 (222,307) |
Balance at 30 June 2023 £ 489,255 |
|---|---|---|
| 226,124 | ||
| 715,379 | ||
| Balance at 30 June 2024 £ 421,491 274,337 |
||
| 695,828 | ||
| Balance at 30 June 2023 £ 489,255 226,124 |
||
| 715,379 |
15. Summary of funds
Page 25
Docusign Envelope ID: 0FAE0B41-E28F-4DFA-9B46-B82AE4411430
SSP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
16. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Current assets 430,225 Creditors due within one year (8,734) Total 421,491 Analysis of net assets between funds - prior period Unrestricted funds 2023 £ Current assets 492,888 Creditors due within one year (3,633) Total 489,255 |
Restricted funds 2024 £ 426,156 (151,819) 274,337 Restricted funds 2023 £ 309,741 (83,617) 226,124 |
Total funds 2024 £ 856,381 (160,553) 695,828 Total funds 2023 £ 802,629 (87,250) 715,379 |
|---|---|---|
17. Related party transactions
During the year the charity paid for SSP UK (a related party) employees' expenses with regards the 2023 Gala Dinner at the Hilton hotel. The expenses incurred totalled £10,871 and these were outstanding and due from SSP UK at the year end. There was also an amount due to SSP UK of £41,737.82 with regards costs relating to the 2023 Gala Dinner.
With regards the Gala Dinner for 2024 there is an amount due of £315,848 from SSP UK at the year end and an amount of £110,081 due to SSP UK for costs incurred on behalf of the Charity.
Page 26