REGISTERED COMPANY NUMBER: 08973699 (England and Wales) REGISTERED CHARITY NUMBER: 1166794
Trustees' Report and
Unaudited Financial Statements for the Year Ended 29 April 2023
for
The Lee Rigby Foundation Limited
Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW
The Lee Rigby Foundation Limited
Contents of the Financial Statements for the Year Ended 29 April 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Trustees' Report | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
The Lee Rigby Foundation Limited
Reference and Administrative Details for the Year Ended 29 April 2023
TRUSTEES Mrs M Cullen Mrs D Molloy (resigned 31/5/2023) Mr G Hobson Mrs C A Valentine (resigned 20/9/2022) Mr J D Wall (resigned 1/5/2023) Mrs L J Rigby (appointed 1/5/2023) Mr I Rigby (appointed 1/5/2023) Ms M Godwin (appointed 16/7/2023) REGISTERED OFFICE The Lodge Tean Road Cheadle Stoke-On-Trent ST10 1LG REGISTERED COMPANY 08973699 (England and Wales) NUMBER REGISTERED CHARITY 1166794 NUMBER INDEPENDENT EXAMINER Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW
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The Lee Rigby Foundation Limited
Trustees' Report for the Year Ended 29 April 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 29 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To support persons suffering from bereavement or loss by providing counselling and other support. Relieving mental and physical distress and saving lives through contact, support and holistic alternative care by providing retreat and respite accommodation, and promoting activities proven to benefit health. Relieving poverty and hardship arising from bereavement with grants of money and necessary items.
Public benefit
The charity trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
ACHIEVEMENT AND PERFORMANCE
Although the charity continued to be hampered by the Covid restrictions during the year, the Foundation was successful in continuing to enhance its profile and fundraising structure as welll as making future plans for funding and growth.
FINANCIAL REVIEW
The Foundation had an excess of income over expenditure of £8,371 (2022 excess of expenditure over income of £3,366) and had unrestricted funds carried forward as at 29 April 2023 of £34,756 (2022 £26,385). All reserves of the Charity are unrestricted reserves and are used for the purposes of achieving the Charity's objectives and aims.
FUTURE PLANS
The Charity has plans to grow its activities and funding ability in order to meet its charitable objectives in the community it operates. During the year, the charity acquired a small holiday let to be used by the beneficiaries of the charity in accordance with the aims and objectives of the governing document. The Charity has started to receive bookings for this, in respect of future periods.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a private limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the trustees are elected to serve for a period of one year after which they are eligible for re-election at the next Annual General Meeting.
INDEPENDENT EXAMINER
EE Marshall-Birks has been re-appointed as independent examiner for the ensuing year.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 9 February 2024 and signed on its behalf by:
Mrs M Cullen - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Lee Rigby Foundation Limited
Independent examiner's report to the trustees of The Lee Rigby Foundation Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 29 April 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
E E Marshall-Birks FCA
Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW
9 February 2024
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The Lee Rigby Foundation Limited
Statement of Financial Activities for the Year Ended 29 April 2023
| 2023 Unrestricted fund Notes £ INCOME FROM Donations and fundraising activities 34,746 Other income 550 Total 35,296 EXPENDITURE ON Raising funds 1,614 Charitable activities 3 Charitable activities 25,311 Total 26,925 NET INCOME/(EXPENDITURE) 8,371 RECONCILIATION OF FUNDS Total funds brought forward 26,385 TOTAL FUNDS CARRIED FORWARD 34,756 |
2022 Total funds £ 44,295 10,150 54,445 1,618 56,193 57,811 (3,366) 29,751 26,385 |
|---|---|
CONTINUING OPERATIONS
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes form part of these financial statements
Page 4
The Lee Rigby Foundation Limited
Statement of Financial Position 29 April 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 9,293 Investments 9 2 9,295 CURRENT ASSETS Stocks 10 885 Debtors 11 2,175 Cash at bank and in hand 32,899 35,959 CREDITORS Amounts falling due within one year 12 (10,498) NET CURRENT ASSETS 25,461 TOTAL ASSETS LESS CURRENT LIABILITIES 34,756 NET ASSETS 34,756 FUNDS 15 Unrestricted funds 34,756 TOTAL FUNDS 34,756 |
2022 Total funds £ 11,707 2 11,709 885 2,000 27,354 30,239 (15,563) 14,676 26,385 26,385 26,385 26,385 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2023 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
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
The Lee Rigby Foundation Limited
Statement of Financial Position - continued 29 April 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 9 February 2024 and were signed on its behalf by:
Mrs M Cullen - Trustee
Mr G Hobson - Trustee
The notes form part of these financial statements
Page 6
The Lee Rigby Foundation Limited
Notes to the Financial Statements for the Year Ended 29 April 2023
1. STATUTORY INFORMATION
The Lee Rigby Foundation is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation and functional currency of the financial statements is the Pound Sterling (£)
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)'. The financial statements have been prepared on a going concern basis under the historical cost convention.The Covid-19 pandemic has adversely impacted on global and UK societies and economies, and this impact has continued into the 2021/2022 financial year. However in the directors' opinion there is no significant uncertainty as to the going concern basis..
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Caravan - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2023
3. CHARITABLE ACTIVITIES COSTS
| Direct Costs (see Support note 4) costs £ £ Charitable activities 17,481 7,830 4. DIRECT COSTS OF CHARITABLE ACTIVITIES 2023 £ Insurance 365 Telephone 1,256 Sundries - Other establishment costs 2,400 Postage and stationery 134 Travel and motor expenses 6,004 Bank charges 474 Computer expenses 524 Caravan costs 3,125 Repairs and renewals - Cleaning 450 Donations 335 Depreciation 2,414 17,481 5. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2023 £ Depreciation - owned assets 2,414 Independent examination fees - 6. TRUSTEES' REMUNERATION AND BENEFITS 2023 £ Trustees' salaries - Trustees' expenses |
Totals £ 25,311 2022 £ 893 1,018 75 2,400 642 4,880 412 474 2,190 247 - - 3,099 16,330 2022 £ 3,099 800 2022 £ 29,000 |
|---|---|
During the year, the trustees were reimbursed expenses in respect of travel of £1741.68 (2022 nil).
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2023
7. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Administration and fundraising |
2023 £ - - - 2023 - |
2022 £ 34,800 670 35,470 2022 2 |
|---|---|---|
No employees received emoluments in excess of £60,000.
8. TANGIBLE FIXED ASSETS
| Fixtures and Caravan fittings £ £ COST At 30 April 2022 and 29 April 2023 5,000 1,986 DEPRECIATION At 30 April 2022 750 1,106 Charge for year 638 132 At 29 April 2023 1,388 1,238 NET BOOK VALUE At 29 April 2023 3,612 748 At 29 April 2022 4,250 880 FIXED ASSET INVESTMENTS MARKET VALUE At 30 April 2022 and 29 April 2023 NET BOOK VALUE At 29 April 2023 At 29 April 2022 |
Motor Computer vehicles equipment Totals £ £ £ 11,693 1,223 19,902 5,116 1,223 8,195 1,644 - 2,414 6,760 1,223 10,609 4,933 - 9,293 6,577 - 11,707 Shares in group undertaking £ 2 2 2 |
|---|---|
9. FIXED ASSET INVESTMENTS
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2023
9. FIXED ASSET INVESTMENTS - continued
Drummer Trading Limited
Registered office: 13 Huddersfield Road, Barnsley, South Yorkshire, S70 2LW. Nature of business: Merchandise sales
| % Class of share: holding Ordinary 100 Aggregate capital and reserves Loss for the period/year Drummer Trading has annual income of £1,459 (2020 £8,026). 10. STOCKS Finished goods 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 13) Hire purchase (see note 14) Trade creditors Amounts owed to group undertakings Social security and other taxes Pension Fund Wage Control Accruals and deferred income 13. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans |
30/9/22 £ 947 (282) 2023 £ 885 2023 £ 2,175 2023 £ 5,000 2,286 1,314 - 317 - (10) 1,591 10,498 2023 £ 5,000 |
29/4/21 £ 1,229 (7) 2022 £ 885 2022 £ 2,000 2022 £ 5,000 4,244 1,804 1,170 642 260 (10) 2,453 15,563 2022 £ 5,000 |
|---|---|---|
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2023
14. LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Net obligations repayable: | ||||
| Within one year | 2,286 | 4,244 | ||
| 15. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 30/4/22 £ |
Net movement in funds £ |
At 29/4/23 £ |
|
| General fund | 26,385 | 8,371 | 34,756 | |
| TOTAL FUNDS | 26,385 | 8,371 | 34,756 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 35,296 | (26,925) | 8,371 | |
| TOTAL FUNDS | 35,296 | (26,925) | 8,371 | |
| Comparatives for movement in funds | ||||
| Unrestricted funds | At 30/4/21 £ |
Net movement in funds £ |
At 29/4/22 £ |
|
| General fund | 29,751 | (3,366) | 26,385 | |
| TOTAL FUNDS | 29,751 | (3,366) | 26,385 |
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2023
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 54,445 | (57,811) | (3,366) | |
| TOTAL FUNDS | 54,445 | (57,811) | (3,366) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 30/4/21 in funds 29/4/23 £ £ £ 29,751 5,005 34,756 29,751 5,005 34,756 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 89,741 (84,736) |
5,005 |
| TOTAL FUNDS | 89,741 (84,736) |
5,005 |
16. RELATED PARTY DISCLOSURES
The related party disclosures are as follows;
Drummer Trading Ltd Co No 10821851 is a company wholly owned subsidiary and controlled by The Lee Rigby Foundation. As at the year end there was a balance of £nil (2022 £1,170) due to Drummer Trading from The Lee Rigby Foundation.
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2023
17. SHARE CAPITAL
The company is limited by guarantee and therefore has no share capital.
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The Lee Rigby Foundation Limited
Detailed Statement of Financial Activities for the Year Ended 29 April 2023
| for the Year Ended 29 | April 2023 | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| INCOME | ||
| Donations and fundraising activities | ||
| Donations and fundraising | 34,746 | 44,295 |
| Other income | ||
| Caravan letting | 550 | - |
| HMRC JRS Grants | - | 10,150 |
| 550 | 10,150 | |
| Total incoming resources | 35,296 | 54,445 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising activates and merchandise | 1,614 | 1,618 |
| Other trading activities | ||
| Opening stock | 885 | - |
| Closing stock | (885) | - |
| Charitable activities | - | - |
| Insurance | 365 | 893 |
| Telephone | 1,256 | 1,018 |
| Sundries | - | 75 |
| Other establishment costs | 2,400 | 2,400 |
| Postage and stationery | 134 | 642 |
| Travel and motor expenses | 6,004 | 4,880 |
| Bank charges | 474 | 412 |
| Computer expenses | 524 | 474 |
| Caravan costs | 3,125 | 2,190 |
| Repairs and renewals | - | 247 |
| Cleaning | 450 | - |
| Donations | 335 | - |
| Caravan | 638 | 750 |
| Fixtures and fittings | 132 | 156 |
| Motor vehicles | 1,644 | 2,193 |
| Support costs | 17,481 | 16,330 |
| Management | ||
| Trustees' salaries | - | 29,000 |
| Wages | - | 5,800 |
| Pensions | - | 670 |
| - | 35,470 |
This page does not form part of the statutory financial statements
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The Lee Rigby Foundation Limited
Detailed Statement of Financial Activities for the Year Ended 29 April 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Finance | ||
| Hire purchase | 392 | 392 |
| Governance costs | ||
| Accountancy fees | 1,650 | 2,211 |
| Professional fees | 5,788 | 1,790 |
| 7,438 | 4,001 | |
| Total resources expended | 26,925 | 57,811 |
| Net income/(expenditure) | 8,371 | (3,366) |
This page does not form part of the statutory financial statements
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