Lockton Charitable Association
Registered charity number: 1169204 and SCO48148
Report of the Trustees and financial statements for the year ended 31[st ] December 2022
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Lockton Charitable Association
Table of Contents
| Report of the Trustees ............................................................................................................................ 3 |
|---|
| REFERENCE AND ADMINISTRATIVE DETAILS....................................................................................... 3 |
| OBJECTIVES AND ACTIVITIES ............................................................................................................... 4 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT .............................................................................. 5 |
| ACHIEVEMENT AND PERFORMANCE .................................................................................................. 5 |
| FINANCIAL REVIEW ............................................................................................................................. 5 |
| Trustees Responsibility Statement ......................................................................................................... 7 |
| Independent Examiner’s Report to the Trustees .................................................................................... 8 |
| Statement of Financial Activities............................................................................................................. 9 |
| Balance Sheet ........................................................................................................................................ 10 |
| Cash Flow .............................................................................................................................................. 11 |
| Notes to the Cash Flow Statement ....................................................................................................... 12 |
| Notes to the Financial Statements ........................................................................................................ 13 |
| 1. STATUTORY INFORMATION .................................................................................................. 13 |
| 2. ACCOUNTING POLICIES ......................................................................................................... 13 |
| 3. DONATIONS AND LEGACIES .................................................................................................. 14 |
| 4. CHARITABLE ACTIVITIES COSTS ............................................................................................. 14 |
| 5. SUPPORT COSTS .................................................................................................................... 14 |
| 6. TRUSTEES REMUNERATION AND BENEFITS .......................................................................... 14 |
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ....................................... 15 |
| 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR ....................................................... 16 |
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR .................................................... 16 |
| 10. MOVEMENT IN FUNDS .......................................................................................................... 16 |
| 11. RESTRICTED FUNDS ............................................................................................................... 17 |
| 12. LIMITED LIABILITY ................................................................................................................. 18 |
| 13. RELATED PARTIES .................................................................................................................. 18 |
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Lockton Charitable Association
Report of the Trustees
TRUSTEES AND ADVISORS
Trustees
The list of Trustees who have served throughout the year is as follows:
Simon Coleman (Chairman) (Re-appointed 4 May 2022) Sarah Jeffs (Re-appointed 4 May 2022) Samuel Clark Ian Cooper (Re-appointed 4 May 2022) Heidi Watson (Non-Executive Trustee) Sarah Nash (Resigned 23 November 2022) Suzanne Cooper Alison Brake Miles Bourne Laurence Dace (Resigned 31 January 2022) Simon Ambler Georgina Connor (Re-appointed 4 May 2022)
Independent examiners
Tudor John Limited
Bankers
Lloyds Bank PLC
Principal Address
The St Botolph Building 138 Houndsditch London EC3A 7AG
Registered Charity Numbers
1169204 in England and Wales SCO48148 in Scotland
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Lockton Charitable Association
The Trustees present their report and financial statements of the Lockton Charitable Association (“the Charity”) for the period ended 31st December 2022.
The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their financial statements 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
The Charity’s constitution sets out its purposes and aims, and the rules regulating its governance as described below:
The purpose of the Charity is to further such exclusively charitable purposes for the public benefit according to the laws of England, Wales and Scotland and as the Trustees of the Charity shall in their absolute discretion determine.
The strategy of the Charity is to provide an environment that enables Lockton employees to nominate a registered charity each year (Charity of Year) and put forward recommendations on raising funds for donation to the Charity. In addition, Lockton employees raise funds for any charitable cause in line with the Charity’s objectives. These recommendations are considered by the Trustees for implementation.
COVID-19
The Charity was impacted during COVID-19 by the downturn of fundraising events and consequently a minor reduction in income, however the Charity receives financial and non-financial support from its sole member. The Trustees view the impact is not material. The Charity has since fully recovered following a return to work for Lockton employees enabling the Charity’s fundraising events to resume in the same manner as pre-COVID19.
Significant Activities
The Charity of the Year as nominated by Lockton employees for 2021-2022 was Rays of Sunshine, a registered UK charity brightening the lives of seriously ill children across the UK aged 3 to 18 by granting wishes and providing ongoing support in hospitals.
Lockton employees have nominated their Charity of the Year for 2023 – the Alzheimer’s Society, a charity that provides a vital source of support and is a powerful force for change for everyone affected by dementia. Fundraising activities will commence in early 2023.
Donations are the largest source of income for the Charity and these funds are raised by Lockton employees holding a wide variety of events such as sporting challenges; quizzes; raffles; auctions; in-house fairs; cake sales and charity breakfasts. The Charity also continues to raise funds through its small society lottery launched in 2019 and has received success with this initiative, of which 50% of funds are donated to unrestricted funds for the Charity.
The funds raised to support charitable causes is shown in note 10 and 11.
Mission Statement
Our mission statement is simply for the Charity to raise funds for donation to registered charities and charitable projects to improve the lives of people in our community.
Public Benefit
The purpose of the Charity is stated above and during the financial year the Charity has raised funds for donation in line with our stated aims and objectives. The public benefit is the donation of funds to charitable causes.
The Trustees have referred to the Scottish Charity Regulator and Charity Commissioner’s general guidance on Public Benefit when reviewing the Charity’s aims and objectives.
Volunteers
In common with many charities it would be difficult to operate without the support of volunteers. During the
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Lockton Charitable Association
year covered by these financial statements, the Charity has benefitted from the support of volunteers from within the Lockton enterprise, for which they are grateful.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is a charitable incorporated organisation registered in England and Wales with the Charity Commission and in Scotland with the Scottish Charity Regulator.
Recruitment and Appointment of New Trustees
The Charity has adopted a recruitment process to identify appropriate persons to join the Charity as Trustees. When new Trustees are appointed they are given an induction to the work of the Charity and are provided with information to enable them to fulfil their role. The induction includes relevant training, induction pack with essential guidance on the role and responsibilities of a Trustee and charity law including an introduction to the Charity and its journey through the years to current date.
Organisation and Management Structure
The Charity is managed and controlled independently from Lockton Companies LLP and was established exclusively for charitable purposes for the benefit of the public.
The Charity is governed by a Board of Trustees comprising 10 Trustees appointed in accordance with a mandated recruitment process as recommended by the founding Trustees to the Charity and pursuant to charity law. A nonexecutive Trustee has been appointed to assist with ensuring the Charity maintains an independent voice.
The Trustees manage the affairs of the Charity in accordance with their powers as set out in the constitutional document. The minimum number of Charity Trustees in office is 3 with a maximum number of 12 Trustees in office. Each year at the Annual General Meeting, one-third of Trustees retire from office and retirement by rotation applies to those who have been longest in office since their last appointment or reappointment.
The Charity engages with a group of Lockton employees (“Charity Champions”) who have volunteered to assist with the management of fundraising activities. The Charity Champions are represented from the business of Lockton in the UK.
Risk Management
The Trustees acknowledge that the Charity faces risks within the environment in which it operates and the Trustees are satisfied that they have identified and analysed all major risks that the Charity is exposed to and put in place effective controls to mitigate those risks. The type of risk and impact have been considered against the principles of charity guidance and rated accordingly. These potential risks relate to:
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Organisation performance including risks to Trustees;
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Financial stability including controls and income;
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Governance and objectives including legal requirements.
The Trustees annually review the Charity risk register and consider any new factors that could impact the Charity and decide collectively on mitigating actions.
ACHIEVEMENT AND PERFORMANCE
These financial statements cover the year to 31st December 2022 during which the activities of the Charity generated income of £232,889 (prior year: £133,766). The income generated in the current year has increased as a result of return to normal fundraising activities post COVID-19.
FINANCIAL REVIEW
Principal Funding Sources
The Charity receives donations from Lockton employees, the general public and members of the insurance broking community. Lockton employees nominate a Charity of the Year and donations received are held as restricted funds then donated directly to the nominated registered charity. Other donations received as unrestricted funds are donated to a range of charitable causes nominated by Lockton employees and governed and managed by the Trustees.
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Lockton Charitable Association
Other sources of income are through Give As You Earn and the small lottery run by the Charity.
In addition, the Charity is supported by Lockton Companies LLP who provides an annual donation and “in-kind” support to assist the Charity with its general expenses and responsibilities to meet its charitable purposes. The Trustees are certain that this funding is sustainable for the foreseeable future.
There are no material uncertainties that the Trustees are aware of that may impact the going concern of the Charity.
Reserves Policy
The Trustees have considered the requirements for a reserves policy based on its annual donation received from the Charity member and receipts from annual fundraising activities taking into consideration annual costs of the Charity.
The Trustees have agreed to retain a greater of its annual costs or Member annual donation as its unrestricted reserves. The reserves policy has been reviewed during the financial year and the Trustees consider the value of the reserve remains appropriate.
Investment Policy
Due to the nature of the Charity the Trustees feel it is appropriate to retain reserves in a current bank account.
The financial statements were approved by the Board of Trustees on 19 April 2023 and were signed on its behalf by:
Simon Coleman
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Lockton Charitable Association
Trustees Responsibility Statement for the Period 01[st ] January 2022 to 31[st ] December 2022
The Trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and Charities and Trustee Investment (Scotland) Act 2005 and the provisions of the trust deed 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 Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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partte eh or ChrItale 5socl4tio IR. 11692041 I reporton the acuvnls ofihe cbarify lorthe year ended 31 December 2022 whh ar• 881 out on pag88 9 10 18. The r?rfiy's trustses (who are also the director& Dfihe company forthe pu088¥ of company lawl are iesponsible for the preparation oflhe accowts Sn accordance with Ihtr i?rn)s of the CharitS Trustee In¥e8lment ISul8nd) Act 2005 and Ihp Ch8ri1ies Account5 (Scoand) Regul8llons 2006 (as amended) and ihe requlremen15 ofthe Chariues A¢1 2011 Ad'l. The chariiy Irusites Mnsrder that the audit requlremenl of ReoulatJDftr 10111 lal lo 1¢) of the 2000 Accounts Regulalrons does not appty. 11 Is my iesponsibilily to èxamine the accounts a5 requ[ under 44111 Ic} Df the Act and 10 si8ie wnéiher parbcular matters hav9 como io my atteniion. My examination Is carrfed out In accordan(8 wtth Regulation 11 of the 2006 Accour)ts Ragulation5 and s?cUw 145 ofthe Act and in Calg out my examlnal¥Jn I have followed Bll appllc8ble Dire¢tiDns glven by the Charty Commlsslon urnler 5ecOon 1451Sllbl of the A¢1. An examination includes a re¥ of Ihe aCCAMJnVng records kept by the ¢h¥riiy and a cumparison of the aCC(nts preseoled wllb those records. tt ais¢ indude5 conSKJeration of any unu$u81 items or disdosures in the aceounts.and seeks explanations from the iruslees con¢eming any suth Th3tter5. The procedwes undtrrtaken do not provide all the evldence Ihat ould be Nuited in an aud4t. and consequenY I do not e¥press an audit opinion on th&eW by the account I have Comp1& rny examination. I confimi th81 no matsdal mailèrs have wme to ry Bttention sn connectlon yh tl examination giving me cause to belie Ihal in any malerial respect.. zttLxJnUno racords were not kept in resp Trust as required by Section 130 of Act and S8cbon 4411)181 dine 2005 Act art Regulatiot? 4 ofthe 2006 nIS Regulgllons ISc>)tland>." or the acmunts do not wh tho88 r6¢0rds". or the $¢counis do GDTnply with the applKable requlremfrnts concemlng the fomi and conlenl Ofacunts sst QUI In the Charities IA¢counts and Reports) Regulation$ 2008 and Regulation 8 of the 2008 Regulations other than any requlremeni thai the a¢ty)UTrts glve a trug and falr eW which i¥ not a matter considered as part oran Independent eX¥nneO. I havo no cOnmS and have come aeross no oth8r matters in corlnection wllh Ihe ex8min8iion lo whith yuur otten#on Should be ¢Jr8wn in this report n order lo enable a proper und&rntanding ofthe accounts to be reached. H. M. Day BSC FCA D¢tr ICAEW TLYlorJohn Lxnited NighlinyaiE House 4648 E881 Slreel Ep50m Surrey KT171HQ Pagc8 OP 18
Lockton Charitable Association
Statement of Financial Activities for the Period 01st January 2022 to 31st December 2022
| Notes INCOME AND ENDOWMENTS Donations and Legacies 3 Total RESOURCES EXPENDED Raising funds Raising donations and legacies 4 Charitable activities Donations Total NET INCOME / (EXPENDITURE) TRANSFERS Net movement in funds Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Restricted funds 2022 £ 155,314 155,314 8,969 158,940 167,909 (12,595) - (12,595) 23,001 10,406 |
Designated funds 2022 £ - - - 63,000 63,000 (63,000) 63,000 - - - |
Unrestricted funds 2022 £ 77,575 77,575 14,705 3,500 18,205 59,370 (63,000) (3,630) 92,386 88,756 |
Total funds 2022 £ 232,889 232,889 23,674 225,440 249,114 (16,225) - (16,225) 115,387 99,162 |
Period ended 2021 £ 133,766 |
|---|---|---|---|---|---|
| 133,766 | |||||
| 15,887 89,626 |
|||||
| 105,513 | |||||
| 28,253 - |
|||||
| 28,253 87,134 |
|||||
| 115,387 |
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Lockton Charitable Association
Balance Sheet At 31 December 2022
| Notes CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 10 Designated funds 10 Restricted funds 11 TOTAL FUNDS |
Restricted funds 2022 £ - 10,406 - 10,406 10,406 10,406 - - 10,406 10,406 |
Designated funds 2022 £ - - - - - - - - - - |
Unrestricted funds 2022 £ 2,580 87,676 1,500 88,756 88,756 88,756 88,756 - - 88,756 |
Total funds 2022 £ 2,580 98,082 1,500 99,162 99,162 99,162 88,756 - 10,406 99,162 |
Period ended 2021 £ 2,119 114,768 1,500 |
|---|---|---|---|---|---|
| 115,387 115,387 |
|||||
| 115,387 | |||||
| 92,386 - 23,001 |
|||||
| 115,387 |
The financial statements were approved by the Board of Trustees on 19 April 2023 and were signed on its behalf by:
Simon Coleman
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Lockton Charitable Association
Cash Flow For the year ended 31 December 2022
| Period | |||
|---|---|---|---|
| Ended | |||
| Notes | 2022 | 2021 | |
| £ | £ | ||
| Cash flows from operating activities: | |||
| Cash generated from operations | 1 | (16,686) | 26,637 |
| Net cash provided by (used in) operating activities | (16,686) | 26,637 | |
| Cash flows from investing activities: | |||
| Net cash provided by (used in) investing activities | - | - | |
| Cash flows from financing activities: | |||
| Net cash provided by (used in) financing activities | - | - | |
| Change in cash and cash equivalents in the reporting period | (16,686) | 26,637 | |
| Cash and cash equivalents at the beginning of the reporting period |
114,768 | 88,131 | |
| Cash and cash equivalents at the end of the reporting period | 98,082 | 114,768 |
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Lockton Charitable Association
Notes to the Cash Flow Statement for the period ended 31 December 2022
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOWS FROM OPERATING ACTIVITIES
| Period | ||
|---|---|---|
| ended | ||
| 2022 | 2021 | |
| £ | £ | |
| Net income/(expenditure) for the reporting period (as per the statement of financial activities) |
(16,225) | 28,253 |
| Adjustments for: | ||
| Decrease/(increase) in debtors | (461) | (1,616) |
| (Decrease)/increase in creditors | - | - |
| Net cash provided by (used in) operating activities | (16,686) | 26,637 |
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Lockton Charitable Association
Notes to the Financial Statements
for the Period 01st January 2022 to 31st December 2022
1. STATUTORY INFORMATION
The Lockton Charitable Association is a Charitable Incorporated Organisation and domiciled in England, Wales and Scotland. The Charity is registered in England and Wales, Registered Charity number 1169204 and Scotland Registered Charity number SCO48148. The registered office is The St Botolph Building, 138 Houndsditch, London, EC3A 7AG.
2. ACCOUNTING POLICIES
Basis of preparation
The financial statements of the Charity, 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared on the going concern basis.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where the costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from 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.
Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of any impairment.
Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised costs, net of impairment.
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Lockton Charitable Association
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Prior year | ||
| £ | £ | |
| General donations | 232,889 | 133,766 |
4. CHARITABLE ACTIVITIES COSTS
| Direct | Support | Totals | Prior | |
|---|---|---|---|---|
| Activity | costs | costs (See | £ | year |
| £ | note 5) | total | ||
| £ | £ | |||
| Donations | 19,597 | 4,077 | 23,674 | 15,887 |
5. SUPPORT COSTS
| Trustee | Independent | Business | Bank fees | Totals | Prior | |
|---|---|---|---|---|---|---|
| training | Examination | insurance | year | |||
| £ | £ | £ | £ | £ | £ | |
| Donations | 359 | 1,500 | 1,760 | 458 | 4,077 | 3,221 |
6. TRUSTEES REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31[st ] December 2022 (prior year: nil).
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31[st ] December 2022 (prior year: nil).
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Lockton Charitable Association
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Notes INCOME AND ENDOWMENTS Donations and Legacies 3 Total RESOURCES EXPENDED Raising funds Raising donations and legacies 4 Charitable activities Donations Total NET INCOME / (EXPENDITURE) TRANSFERS NET MOVEMENT |
Restricted funds 2021 £ 30,348 30,348 8,674 16,626 25,300 5,048 - 5,048 |
Designated funds 2021 £ - - - 70,000 70,000 (70,000) 70,000 - |
Unrestricted funds 2021 £ 103,418 103,418 7,213 3,000 10,213 93,205 (70,000) 23,205 |
Total funds 2021 £ 133,766 |
|---|---|---|---|---|
| 133,766 | ||||
| 15,887 89,626 |
||||
| 105,513 | ||||
| 28,253 - |
||||
| 28,253 |
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Lockton Charitable Association
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS Balance as at January 2022 £ Incoming resources £ Resources expended £ Unrestricted funds General fund 92,386 77,575 (18,205) 92,386 77,575 (18,205) Designated funds Rays of Sunshine - - (63,000) - - (63,000) TOTAL FUNDS 92,386 77,575 (81,205) Comparatives for movement in funds Unrestricted funds General fund 69,181 103,418 (10,213) 69,181 103,418 (10,213) Designated funds Children With Cancer - - (40,000) Rays of Sunshine - - (30,000) - - - TOTAL FUNDS 69,181 103,418 (80,213) |
Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS Balance as at January 2022 £ Incoming resources £ Resources expended £ Unrestricted funds General fund 92,386 77,575 (18,205) 92,386 77,575 (18,205) Designated funds Rays of Sunshine - - (63,000) - - (63,000) TOTAL FUNDS 92,386 77,575 (81,205) Comparatives for movement in funds Unrestricted funds General fund 69,181 103,418 (10,213) 69,181 103,418 (10,213) Designated funds Children With Cancer - - (40,000) Rays of Sunshine - - (30,000) - - - TOTAL FUNDS 69,181 103,418 (80,213) |
Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS Balance as at January 2022 £ Incoming resources £ Resources expended £ Unrestricted funds General fund 92,386 77,575 (18,205) 92,386 77,575 (18,205) Designated funds Rays of Sunshine - - (63,000) - - (63,000) TOTAL FUNDS 92,386 77,575 (81,205) Comparatives for movement in funds Unrestricted funds General fund 69,181 103,418 (10,213) 69,181 103,418 (10,213) Designated funds Children With Cancer - - (40,000) Rays of Sunshine - - (30,000) - - - TOTAL FUNDS 69,181 103,418 (80,213) |
Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS Balance as at January 2022 £ Incoming resources £ Resources expended £ Unrestricted funds General fund 92,386 77,575 (18,205) 92,386 77,575 (18,205) Designated funds Rays of Sunshine - - (63,000) - - (63,000) TOTAL FUNDS 92,386 77,575 (81,205) Comparatives for movement in funds Unrestricted funds General fund 69,181 103,418 (10,213) 69,181 103,418 (10,213) Designated funds Children With Cancer - - (40,000) Rays of Sunshine - - (30,000) - - - TOTAL FUNDS 69,181 103,418 (80,213) |
£ Prior year £ 2,580 2,119 £ Prior year £ 1,500 1,500 Transfers £ Balance as at December 2022 £ (63,000) 88,756 (63,000) 88,756 63,000 - 63,000 - - 88,756 (70,000) 92,386 (70,000) 92,386 40,000 - 30,000 - (70,000) - - 92,386 |
£ Prior year £ 2,580 2,119 £ Prior year £ 1,500 1,500 Transfers £ Balance as at December 2022 £ (63,000) 88,756 (63,000) 88,756 63,000 - 63,000 - - 88,756 (70,000) 92,386 (70,000) 92,386 40,000 - 30,000 - (70,000) - - 92,386 |
£ Prior year £ 2,580 2,119 £ Prior year £ 1,500 1,500 Transfers £ Balance as at December 2022 £ (63,000) 88,756 (63,000) 88,756 63,000 - 63,000 - - 88,756 (70,000) 92,386 (70,000) 92,386 40,000 - 30,000 - (70,000) - - 92,386 |
|||
|---|---|---|---|---|---|---|---|---|---|
| Transfers £ (63,000) (63,000) 63,000 63,000 - (70,000) (70,000) 40,000 30,000 (70,000) - |
|||||||||
(18,205) (63,000) |
|||||||||
(63,000) |
|||||||||
| (81,205) | |||||||||
| (10,213) | |||||||||
(10,213) (40,000) (30,000) |
92,386 - - |
||||||||
- |
- | ||||||||
| (80,213) | 92,386 |
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Lockton Charitable Association
11. RESTRICTED FUNDS
| Balance as at | Balance as at | ||||
|---|---|---|---|---|---|
| January | Incoming | Resources | December | ||
| 2022 | resources | expended | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| Lloyds Community Programme |
5,000 | 3,000 | (3,000) | - | 5,000 |
| REAC Nominated Cause |
11,468 | 16,198 | (27,666) | - | - |
| A Bigger Pot 2 | 1,461 | 601 | (2,062) | - | - |
| Royal British Legion | - | 7,500 | (7,500) | - | - |
| London to Kyiv | - | 4,743 | (4,743) | - | - |
| Lockton Cares Ukraine | - | 11,864 | (11,864) | - | - |
| British Red Cross Ukraine | - | 1,754 | (1,754) | - | - |
| Dragon Boat Race | - | 93,259 | (93,259) | - | - |
| Halow | - | 2,150 | (2,150) | - | - |
| Cancer Research (SVP | - | 1,252 | (1,252) | - | - |
| Challenge) | |||||
| Feeding Families | - | 1,845 | - | - | 1,845 |
| Rays of Sunshine | 5,072 | 11,148 | (12,659) | - | 3,561 |
| 23,001 | 155,314 | (167,909) | - | 10,406 |
Comparatives for movement in funds
| Lloyds Community Programme REAC Nominated Cause Covid-19 A Bigger Pot A Bigger Pot 2 Children With Cancer Rays of Sunshine |
Balance as at January 2021 £ 5,000 8,300 5 1,419 - 3,229 - 17,953 |
Incoming resources £ 3,000 6,238 7 1,015 2,510 4,633 12,945 30,348 |
Resources expended £ (3,000) (3,070) (12) (2,434) (1,049) (7,862) (7,873) (25,300) |
Transfers £ - - - - - - - |
Balance as at December 2021 £ 5,000 11,468 - - 1,461 - 5,072 |
|---|---|---|---|---|---|
| 23,001 |
-
Lloyds Community Programme: Lloyd's Community Programme volunteers help to build stronger local communities by supporting community projects, and providing the young people we help with the key skills to achieve their potential. The programme has a wide range of volunteer opportunities ranging from one hour a week reading in a local primary school, to an hour a month mentoring a young person, or a day out of the office taking part in a team challenge.
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REAC Nominated Cause: Funds being raised from a single charity event that Lockton Companies LLP REAC Business Unit have asked to be restricted.
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A Bigger Pot 2 : Funds raised to support and actively help the Afghan refugees, delivering much need clothing, toiletries, and books. There was also help with the charities to help the refugees with reading, form filing, education projects and helping families adapt to life in the UK.
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Royal British Legion: Royal British Legion and Lloyds Patriotic Fund continue to combine their efforts in
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the Insurance Market to raise funds for the Lloyds Military Network
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Lockton Charitable Association
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London to Kyiv: Funds raised to support the British-Ukrainian Aid in the UK and Help Ukraine in Kviv by a single event undertaken by the Lockton Companies LLP Healthcare Business Unit
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Lockton Cares Ukraine: Funds raised from donations from Lockton employees to stand in solidarity with the Ukrainian people due to escalating conflict and humanitarian crisis.
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British Red Cross Ukraine: Funds raised from one single event and one Lockton employee. The British Red Cross teams have been working around the clock, providing essential emergency support, including food, water, medical supplies are shelter
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Dragon Boat Race: Funds raised from a single charity event undertaken by the Lockton Companies LLP senior executive team which were asked to be restricted to Rays of Sunshine and British Red Cross Ukraine appeal
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Halow: Funds were raised in support of a colleague in the Insurance market that passed away, in remembrance, a fund was set up in honour of him. The Halow Project nurtures young people with learning disabilities to fulfil their potential through exceptional person-centered care.
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Cancer Research (SVP Challenge): Funds raised from a single charity event that Lockton Companies LLP REAC Business Unit, SVP employees took part in and asked for the funds to be restricted to Cancer Research.
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Feeding Families: Charity based in the North East of England that offers support, hope and security to those experiencing food poverty. Funds were raised by the Lockton Companies LLP Newcastle office which have supported this charity on several occasions with food parcels etc.
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Rays of Sunshine: National charity that brightens the lives of seriously ill young people by granting wishes and providing ongoing support in hospital and within the community.
12. LIMITED LIABILITY
In accordance with the Charity Constitution, in the event of a winding up of the Charity the members of the Charity have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
13. RELATED PARTIES
The Charity operates with the support of Lockton Companies LLP who provides staff time required to run the Charity on a day to day basis free of charge and provides an annual donation to enable the Charity to cover the cost of any other operating expenses.
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