**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
Page 1
## **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:
1. 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
3. 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
4. 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
Page 3
**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
- (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...
Page 7
**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...
Page 8
**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...
Page 9
**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...
Page 10
**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...
Page 11
**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...
Page 12
**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.
Page 13
**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
Page 14
**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
Page 15