REGISTERED COMPANY NUMBER: 08973699 (England and Wales) REGISTERED CHARITY NUMBER: 1166794
Trustees' Report and
Unaudited Financial Statements for the Year Ended 29 April 2024
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 2024
| 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 | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
The Lee Rigby Foundation Limited Reference and Administrative Details for the Year Ended 29 April 2024
TRUSTEES Mrs M Cullen (resigned 5/7/2024) Mrs D Molloy (resigned 31/5/2023) Mr G Hobson (resigned 7/10/2024) 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) Mr S R Young (appointed 23/3/2024) (resigned 7/10/2024) 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 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 29 April 2024. 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
The Charity's performance improved significantly in the year as more fundraising events were held. The Foundation was successful in continuing to enhance its profile and fundraising structure as well as making future plans for funding and growth.
FINANCIAL REVIEW
The Foundation had an excess of income over expenditure of £20,711 (2023 8,371) and had unrestricted funds carried forward as at 29 April 2024 of £55,467 (2023 £34.756). 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. The Charity is planning to aquire further holiday lets to be used by the beneficiaries of the charity in accordance with the aims and objectives of the governing document.
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 17 February 2025 and signed on its behalf by:
Mrs L J Rigby - Trustee
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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 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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
Date: .............................................
Page 3
The Lee Rigby Foundation Limited
Statement of Financial Activities for the Year Ended 29 April 2024
| 2024 Unrestricted fund Notes £ INCOME FROM Donations and fundraising activities 88,857 Other income 2,160 Total 91,017 EXPENDITURE ON Raising funds 16,081 Charitable activities 3 Charitable activities 54,225 Total 70,306 NET INCOME 20,711 RECONCILIATION OF FUNDS Total funds brought forward 34,756 TOTAL FUNDS CARRIED FORWARD 55,467 |
2023 Total funds £ 34,746 550 35,296 1,614 25,311 26,925 8,371 26,385 34,756 |
|---|---|
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
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The Lee Rigby Foundation Limited
Statement of Financial Position 29 April 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 4,921 Investments 9 2 4,923 CURRENT ASSETS Stocks 10 750 Debtors 11 - Cash at bank and in hand 55,057 55,807 CREDITORS Amounts falling due within one year 12 (5,263) NET CURRENT ASSETS 50,544 TOTAL ASSETS LESS CURRENT LIABILITIES 55,467 NET ASSETS 55,467 FUNDS 15 Unrestricted funds 55,467 TOTAL FUNDS 55,467 |
2023 Total funds £ 9,293 2 9,295 885 2,175 32,899 35,959 (10,498) 25,461 34,756 34,756 34,756 34,756 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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The Lee Rigby Foundation Limited
Statement of Financial Position - continued 29 April 2024
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 17 February 2025 and were signed on its behalf by:
Mrs L J Rigby - 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 2024
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 2024
3. CHARITABLE ACTIVITIES COSTS
| Direct Costs (see Support note 4) costs £ £ Charitable activities 50,141 4,084 4. DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 £ Staff costs 16,265 Insurance 1,343 Telephone 1,829 Advertising 637 Other establishment costs 4,876 Postage and stationery 1,676 Travel and motor expenses 7,461 Bank charges 382 Computer expenses 1,306 Caravan costs 8,124 Repairs and renewals 96 Cleaning 534 Donations - Depreciation 1,199 Loss on sale of assets 4,383 Interest payable and similar charges 30 50,141 5. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2024 £ Depreciation - owned assets 1,199 Deficit on disposal of fixed assets 4,383 |
Totals £ 54,225 2023 £ - 365 1,256 - 2,400 134 6,004 474 524 3,125 - 450 335 2,414 - - 17,481 2023 £ 2,414 - |
|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 29 April 2024 nor for the year ended 29 April 2023.
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2024
6. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
During the year, the trustees were reimbursed expenses in respect of travel of £1534.19 (2023 £1741.68).
7. STAFF COSTS
| 2024 £ Wages and salaries 16,021 Other pension costs 244 16,265 The average monthly number of employees during the year was as follows: 2024 Administration and fundraising 1 No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Fixtures and Motor Computer Caravan fittings vehicles equipment £ £ £ £ COST At 30 April 2023 5,000 1,986 11,693 1,223 Additions - 200 - 1,560 Disposals - - (11,693) - At 29 April 2024 5,000 2,186 - 2,783 DEPRECIATION At 30 April 2023 1,388 1,238 6,760 1,223 Charge for year 542 142 - 515 Eliminated on disposal - - (6,760) - At 29 April 2024 1,930 1,380 - 1,738 NET BOOK VALUE At 29 April 2024 3,070 806 - 1,045 At 29 April 2023 3,612 748 4,933 - |
2023 £ - - - 2023 - Totals £ 19,902 1,760 (11,693) 9,969 10,609 1,199 (6,760) 5,048 4,921 9,293 |
|---|---|
8. TANGIBLE FIXED ASSETS
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2024
9. FIXED ASSET INVESTMENTS
| MARKET VALUE At 30 April 2023 and 29 April 2024 NET BOOK VALUE At 29 April 2024 At 29 April 2023 There were no investment assets outside the UK. 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 Social security and other taxes Wage Control Pension 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 |
Shares in group undertakings £ 2 2 2 2024 2023 £ £ 750 885 2024 2023 £ £ - 2,175 2024 2023 £ £ - 5,000 - 2,286 1,039 1,314 959 317 - (10) 21 - 3,244 1,591 5,263 10,498 2024 2023 £ £ - 5,000 |
|
|---|---|---|
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2024
14. LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations repayable: | |||
| Within one year | - | 2,286 | |
| MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 30/4/23 £ |
Net movement in funds £ |
At 29/4/24 £ |
| General fund | 34,756 | 20,711 | 55,467 |
| TOTAL FUNDS | 34,756 | 20,711 | 55,467 |
| Net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 91,017 | (70,306) | 20,711 |
| TOTAL FUNDS | 91,017 | (70,306) | 20,711 |
| Comparatives for 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 |
15. MOVEMENT IN FUNDS
continued...
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The Lee Rigby Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 29 April 2024
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 35,296 | (26,925) | 8,371 |
| TOTAL FUNDS | 35,296 | (26,925) | 8,371 |
| A current year 12 months and prior year 12 | months combined position is as follows: | ||
| Unrestricted funds | At 30/4/22 £ |
Net movement in funds £ |
At 29/4/24 £ |
| General fund | 26,385 | 29,082 | 55,467 |
| TOTAL FUNDS | 26,385 | 29,082 | 55,467 |
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 | 126,313 (97,231) |
29,082 |
| TOTAL FUNDS | 126,313 (97,231) |
29,082 |
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 29 April 2024.
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 2024
| for the Year Ended 29 | April 2024 | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| INCOME | ||
| Donations and fundraising activities | ||
| Donations and fundraising | 88,857 | 34,746 |
| Other income | ||
| Caravan letting | 2,160 | 550 |
| Total incoming resources | 91,017 | 35,296 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising activates and merchandise | 15,946 | 1,614 |
| Other trading activities | ||
| Opening stock | 885 | 885 |
| Closing stock | (750) | (885) |
| Charitable activities | 135 | - |
| Wages | 16,021 | - |
| Pensions | 244 | - |
| Insurance | 1,343 | 365 |
| Telephone | 1,829 | 1,256 |
| Advertising | 637 | - |
| Other establishment costs | 4,876 | 2,400 |
| Postage and stationery | 1,676 | 134 |
| Travel and motor expenses | 7,461 | 6,004 |
| Bank charges | 382 | 474 |
| Computer expenses | 1,306 | 524 |
| Caravan costs | 8,124 | 3,125 |
| Repairs and renewals | 96 | - |
| Cleaning | 534 | 450 |
| Donations | - | 335 |
| Caravan | 542 | 638 |
| Fixtures and fittings | 142 | 132 |
| Motor vehicles | - | 1,644 |
| Computer equipment | 515 | - |
| Loss on sale of tangible fixed assets | 4,383 | - |
| Interest on PAYE | 30 | - |
| 50,141 | 17,481 | |
| Support costs | ||
| Finance | ||
| Hire purchase | 432 | 392 |
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 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Finance | ||
| Governance costs | ||
| Accountancy fees | 857 | 1,650 |
| Professional fees | 2,795 | 5,788 |
| 3,652 | 7,438 | |
| Total resources expended | 70,306 | 26,925 |
| Net income | 20,711 | 8,371 |
This page does not form part of the statutory financial statements
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