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2024-12-31-accounts

LAM Action

Charity Number 1167610

Annual Report and Financial Statements

Year ended 31 December 2024

LAM Action – Year ended 31 December 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees Leanne Lillywhite-Sutton, Chair Sarah Sharples, Treasurer Kelly Vance, Secretary Adam Davidson Harriet Davidson Tess Hill Gillian Hollis Simon Johnson Ilona Leighton-Goodall Clare Lyon (co-opted February 2025) David Mercer Sally Merritt-Collins Joanne (Jo) Pisani John Wood Principal address c/o Jill Pateman LAM Action PO Box 10933 Newark NG24 9QG Registered Charity Number 1167610 Independent Examiner Andrew J Davies FCA Kneeshaws Chartered Accountants Fourth Floor, St James House St James Row Burnley BB11 1DR

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LAM Action – Year ended 31 December 2024

TRUSTEES’ ANNUAL REPORT

The trustees of LAM Action (also referred to as the “Charity”) hereby present their report and the Charity’s financial statements for the year ending 31 December 2024.

OBJECTIVES AND ACTIVITIES

LAM Action was established to be the UK charity for those with lymphangioleiomyomatosis (also known as LAM), their families and the doctors caring for them.

LAM is a rare disease that occurs almost exclusively in women. Current estimates are that LAM affects approximately 10 to 20 in every million women. Excessive growth of cells in the lungs causes cysts and airways obstruction, leading to increasing breathlessness with episodes of lung collapse, coughing up blood and the development of fluid around the lung. LAM also affects the lymphatics and the kidneys, and around half of patients also have benign tumours in the kidneys. LAM is diagnosed mainly in women between the ages of 20 and 50 and usually progresses over time. In the absence of treatment, progression is usually slow with a gradual decline in lung function, increase in breathlessness and, for some women, the eventual need for supplemental oxygen. Some women require lung transplants and, tragically, some face end-stage disease. The rate of progression varies considerably between individuals and current research is trying to identify the reasons for this variation.

About 15 years ago, researchers discovered that the drug sirolimus (also known as rapamycin) can slow the decline in lung function in most women with LAM. Use of sirolimus has had a very positive impact on the progression of LAM for many women, and quality of life, severity of symptoms and survival rates have improved as a result. A few years ago, 90% of women were alive 10 years after being diagnosed with LAM, but with the increased use of sirolimus this figure has improved significantly and is likely to improve further.

However, sirolimus is not effective for all women with LAM, nor does it cure the disease. As a result, scientists continue to study other potential therapies and ultimately a cure for LAM.

The main objectives of LAM Action set out in its Constitution are:

The only paid employee of LAM Action is the Administrator and Member Co-ordinator, Jill Pateman. All other activities are conducted entirely through the contribution of volunteers.

In 2024 LAM Action and our volunteers carried out person-to-person interactions on a ‘virtual’ (via Zoom/Microsoft Teams) and in-person basis, by telephone and email, via LAM Action’s private email and social media groups and through our annual meeting held in Birmingham. LAM Action had 210 members at 31 December 2024, 63% of whom had LAM.

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LAM Action – Year ended 31 December 2024

ACHIEVEMENTS AND PERFORMANCE

Advancing research and educating health professionals

Professor Simon Johnson, one of LAM Action's trustees, is a world-renowned expert in LAM. Amongst his accomplishments, he established and directs the National Centre for LAM in Nottingham (“LAM Centre”) and co-leads the LifeArc Translational Centre for Rare Respiratory Diseases (“LifeArc RRD Centre”). Although the LAM Centre and the LifeArc RRD Centre are independent of LAM Action, the Charity frequently interacts with both and benefits greatly from Professor Johnson's expertise and stature as an expert in LAM.

In addition to providing comprehensive clinical care for women with LAM, the LAM Centre facilitates research work on LAM . For approximately 20 years, LAM Action has funded the salary of a senior member of the research team who works on LAM, Dr Debbie Clements. LAM Action continued to provide this financial support in 2024. Over the last year, Dr Clements continued to work primarily on research into extracellular matrix and collagen deposition in LAM, with the aim of determining whether collagen deposition is associated with LAM progression, therefore affecting lung function. Collagen deposition is a known target for drug research for other conditions, and may lead to opportunities to repurpose drugs for LAM. A research paper based on this work was published in 2024.

In light of Professor Johnson's role at the LAM Centre and his role as a trustee of LAM Action, the Charity’s independent scientific advisor, Professor Stephen A Renshaw, evaluates ongoing research funded by LAM Action. In his June 2024 report, Professor Renshaw noted that Dr Clements’ research “represents a valuable contribution to the field that is taking important steps towards translation. It would seem likely that further progress will continue to be made by continuing along the direction indicated in the application. Given the focus on drug repurposing, this would seem the most rapid approach to making a difference to people with LAM.” In addition to funding research, LAM Action solicits its members and otherwise offers patient input into various research initiatives. For example, LAM Action is one of five patient groups involved with the LifeArc RRD Centre, the aim of which is to become the foundation for fast-tracking rare respiratory disease therapies. LAM Action provided important input into the successful £9.4 million grant application for this project in 2023, and several LAM Action members played an active role in the project throughout 2024. LAM patients’ continued involvement and engagement will be integral to the success of the project.

Treatment trials, studies and research into LAM are taking place around the world, and LAM Action keeps abreast of these developments through its links with the medical team at the LAM Centre, as well as other patient and scientific groups worldwide.

Support and information for those affected by LAM

The Charity works hard to provide information and emotional support to those with LAM and their families. Initiatives undertaken during 2024 by LAM Action's Executive Committee and other volunteers included:

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LAM Action – Year ended 31 December 2024

FINANCIAL REVIEW

Revenues and Expenses for 2024

Total income of £89,392 was down in 2024 compared to £102,582 in 2023. This was due primarily to timing variances in Gift Aid receipts in 2024 compared to 2023. Our income also reflected a £24,784 reduction in donations in 2024 compared to 2023, which was offset by a £25,881 increase in fundraising in 2024 compared to 2023.

Expenses of £57,816 were slightly less in 2024 compared to £63,954 in 2023. This was due largely to timing variances in £16,204 of invoiced research salaries. Other costs were up in 2024 compared to 2023, largely attributable to expenses associated with the Charity’s in-person annual meeting in 2024 (£3,201); legal fees to review the Charity’s policies (£2,280); and expenses associated with the Charity’s fundraising activities, such as payments charged by fundraising platforms such as JustGiving.

Reserves policy

Reserves stood at £280,598 at 31 December 2024. The trustees endeavour to maintain cash reserves equal to at least 12 months' operating expenditure. In addition, the trustees seek to have cash on-hand to fund promising research opportunities as they arise. Typically, this results in the Charity carrying cash reserves in excess of its 12 months’ operating expenditure. As with most diseases, scientific research into LAM is costly. The trustees seek to identify research where the Charity’s financial resources can be best deployed for a positive impact.

STRUCTURE, GOVERNANCE AND MANAGEMENT

LAM Action, registered charity 1167610 (England & Wales), is a charitable incorporated organisation registered with the Charity Commission on 10 June 2016 (and created to carry on the business of the unincorporated charitable association LAM Action, registered charity 1096637). The Charity operates under the rules of its Constitution, originally dated 8 June 2016 and amended 12 June 2021 and 10 June 2023.

All Executive Committee members are trustees, elected or co-opted from the members of LAM Action, and are primarily women with LAM, their relatives, doctors, healthcare workers and other interested individuals. Trustees are unpaid volunteers. LAM Action's Constitution calls for one Chair or two CoChairs, a Secretary and a Treasurer, chosen from amongst the members of the Executive Committee.

Upon appointment and thereafter annually, Executive Committee members are required to certify that they are not ineligible to serve as trustees based on the criteria set out in the Charities Act. LAM Action's Constitution calls for one-third of the Executive Committee, plus any trustees co-opted since the prior annual meeting of members, to step down on an annual basis, although they are eligible for re-election or re-appointment.

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LAM Action – Year ended 31 December 2024

The Executive Committee met on four occasions in 2024 and conducted additional business by telephone and email. In 2024 and with the assistance of counsel, the Charity commenced a review of our policies and procedures, which will continue over the coming year. In addition, the Charity selfaudited the skills and capabilities of our trustees in order to identify areas where we might look to recruit other volunteers or paid support to assist the Charity.

FUTURE PLANS

The LAM Action Executive Committee and our LAM Action Co-ordinator will continue to carry out activities in line with our four key objectives outlined above, whilst also aiming to evolve the Charity to support the changing needs of our membership and strengthen the financial foundation of the Charity.

We continue to evaluate the Charity’s resources, volunteer capabilities, services and governance, with a view to addressing the priorities of the Charity’s members, as well as the constraints the Charity currently faces as an organisation run almost entirely by volunteers.

This report was approved by the trustees on 10 May 2025 and signed on their behalf by:

Leanne Lillywhite-Sutton Chair and trustee

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LAM Action - Year ended 31 December 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAM ACTION I report to the Charity trustees on my examination of the accounts of the Charity for the year ended 31st De￿mber 2024. Responslbllltles and basis of report As the Charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'}. I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlner'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 Charity as required by Section 130 of the Act., or the accounts do not accord with those records. I have no concerns and have come across no olher matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Andrew J Davies FCA Kneeshaws Chartered Accountants Fourth Floor, St James House St James Row Burnley BB11 1DR 16th May 2025

LAM Action – Year ended 31 December 2024

RECEIPTS ACCOUNT

ECEIPTS ACCOUNT
2024 2023
£ £
Receipts
Donations and Legacies
Donations 23,052 47,836
Other Receipts
Fundraising 57,254 31,373
Gift Aid 2,007 17,949
Sales 902 1,022
Investment Income
Interest on cash deposits 6,178 4,401
Total Receipts 89,392 102,582

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LAM Action – Year ended 31 December 2024

PAYMENTS ACCOUNT

AYMENTS ACCOUNT
2024 2023
£ £
Payments
Research Salaries 30,344 46,548
Patient Support Salary 4,512 4,333
Fundraising Costs 6,373 3,196
Co-ordinator Salary 4,512 4,333
Staff Training - 1,280
Audit and Accountancy Fees 510 -
Public Relations Costs 360 -
Bank Fees 66 72
AGM Costs 3,201 656
Merchandise 480 465
Travel 13 100
Postage 558 619
Printing and Stationery 563 341
Telephone and Internet 233 213
General Expenses 60 22
Subscriptions 746 286
Insurance 522 491
IT Software and Consumables 1,835 503
Repairs and Maintenance 110 -
Website 538 495
Legal Fees 2,280 -
Total Payments 57,816 63,954
Net Income / (Deficit) 31,576 38,627
Cash Funds Last Year End 249,022 210,395
Cash Funds This Year End 280,598 249,022

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LAM Action – Year ended 31 December 2024

STATEMENT OF ASSETS AND LIABILITIES

TATEMENT OF ASSETS AND LIABILITIES
2024 2023
£ £
Cash Funds
CAF Deposit Account 52,503 51,228
CAF Current Account 94,389 68,286
LAM Action PayPal 299 299
Nationwide Savings 35,000 35,000
Petty Cash 314 170
United Trust 100 Day Notice 98,094 94,039
Total Cash Reserves 280,598 249,022

These accounts on pages 7-9 were approved by the trustees on 10 May 2025 and signed on their behalf by:

Sarah Sharples Treasurer and trustee

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LAM Action – Year ended 31 December 2024

NOTES TO THE FINANCIAL STATEMENTS

1. Basis of preparation

2. Taxation

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