Abb&'S Heroes Annual Report and Financial Statements for the year ended 30 November 2024 Registered Charity No. 1170676 www.abb sheroes.or Abb￿S Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page I I Abbvs Heroes CONTENTS PAGE Legal and Administrative Details Trustees Report Independent Examiners Report Financial Statements 14 Notes to the Financial Statements 17 Abbvs Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page 12 Lerdl and Administrative inforniation Charity Number. 1170676 Registered Office: l Talisman Business Centre Duncan Road Park Gate Southampton Hampshire 50317GA Rachel Darke (Chair) Lynne Squibb (Vice) Katie Goodyer Lorna Ford Alex Wood Kiele Carter Helen Green Louise Hewlett Anthony Waghom Appointed 15 January 2024 Patron: James Ward-Prowse, West Ham Football Club Principal Bankers: Lloyds Bank 413 Bitterne Rd Bitterne Southampton S018 IDA Independert Examiner Knight Goodhead Limited 7 Bournemouth Road Chandle¢s Ford. Eastleigh Hampshire S053 3DA Abb￿S Heroes | ANNUAL REPORT & ACCOUNTS 2024 Page | 3 The Board of Trustees of Abws Heroes presents its report and accounts for the year ended 30th November 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 Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015} srRucfuRE. GOVERNANCE AND MANAGEMEMr Abws Heroes is a registered charity, number 1170676 and is 8ovemed by Its Goveming Document which was adopted on 21" November 2016. Abws Heroes was f￿nded following the death of Abby Randall, aged 11 from Ewin￿5 Sarcoma to provide help for young children suffering with cancer and their families. Over the years, the charity has made a substantial number of grants to children and their families needing urgent financial support. The Board of Trustees {"the Board") is ￿sponsible forthe overall governan￿ of Abws Heroes. The number of Trustees cannot be fewer than three. The Recruitment and Selection Process is the responsibility of the Board. using a transpa￿nt Trustee recruitment process approved by the full Board. Trustees are appointed for a two-year tenn, after which they may seek re*lectKJn for further periods, subject to a tw(Fthirds majority vote by the Board. Trustees are bound by a signed Code of Conduct and on joinin& undergo an Induction Programme suitable to their needs. Training on external and organisational issues is provided throughout the year. All Trustees give their time freely and no trustee remuneration is paid. The Board meets regularly throughout the year and is responsible for setting an appropriate 5trate8y forthe Charity. It also ensures that relevant performance measures are in pla￿. The Board rettives regular reports on all aspects of the Charivs work. The Trustees delegate responsibility for the day-to-day administration of the charity to the CEO/Founder who liaises regularty with the Chair. RISK MANAGEMEMr The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks. Systems and procedures are in place to manage any risk. Adequate insurance policies are in place to cover Business All Risks. Employers., Publio Products and Trustees Liability. OBJECTIVES AND PRINCIPAL ACTivmES OF ABBYS HEROES Abws Heroes endeavours to achieve Its objective to improve the lives of children with can￿r throughout the Wessex Region by providing support seNices to children and young people diagnosed with cancer and the hospital who are working to care. t￿at and support those and young people. This comprises of two Units at University Hospital Southarnpton-the Piam Brown Ward which is the Regional Centre for Paediatr Oncology arHI Haematolo8y for under 18.5 and the Teenage and Young Adult Unit (for Young People aged 16 to 24 at the time of diagnosis) which both cover the Wessex area. This extensive geographical area provides treatment for children living in Hampshire and Isle of Wight. Dorset. West Su55ex. Surrey. Berkshire, Wiltshire and the Channellslands. Our objectlves. as set out in our Governing document are- The relief of sickness and suffering and the promotion of health of children and youn8 adults during and after the diagnosis and treatment of cancer by the oncology departments at Southampton General Hospital, and theirfamilies. bythe provision of practical and financial help includingsupport for memory making. OUR AcnvmES Abby's Heroes exists because when a child is diagnosed with Can￿r, it has a devastating impact on the physical. financial and emotional health and wellbeing of the whole family, both during and after treatment Abbvs Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page 14 and Iwond. To assist with this. Abbrfs Heroes supports families with a range of practical measures and programmes to help families going through the harsh reality of childhood cancer. Over the year, we have continued to develop new initiatives to help families and further details are outlined under the Achievements headin& PUBUC BENEFrr The Trustees have paid due regard to the Charity Commission guidance on public benefrt. The activities of the charity are available to all beneficiaries irrespective of capacty, ethnicity, faith or socio*conomic environment. A ￿ferra1 process is in place to ensure that those who meet the criteria are offered support by the Trust. The Trustees have complied with their duty on public benefrt with regard to exercising their powers and duties as illustrated in the aims and objectNes set oirt above. VOLuKfEERS Abb￿$ Heroes has the support of network of volunteers who give their time and energy to help us achieve our aims and objectives through assisting at fundraising events. They workthroughout the region organising small but nonetheless essential events. GRANTS POUCY Our grant awards help families with the additional and unexpected costs of caring for a child with Can￿r. They are available to families normalty ￿Ident in the United Kingdom, whose child oryoung person is under 25 years old at the time of diagnosis and is receiving curative treatment or palliative care for childhood cancer at University Hospital Southampton. Each application is considered on its own merits and Trustees monitor the value of the awards made. Grant requests can be for a variety of reasons as we will consider referrals that will directly benefrt the child and/or the famity. We recognise there is a multi-disciplinary team of professionals involved in the care of the child and theirfamity and we will respect any recommendations they make in orderto assist and support the famity in the best possible way. We will consider applications which will directty benefit the child/young person and their family. Grant requests may be considered for a var*ty of ￿3$on5 such as towards rent/mortgage payments, travel costs to hospital. everyday living costs. memory makin& car/I￿u5ehold repairs. counsel11￿ additional therapy. This list is not exhaustive and each application will be considered on its own merits. Applications for a contribution towards travel costs may be considered for treatment overseas where this treatment is endorsed by their Consultant. Any grant approved should be used for the purpose it has been awarded. We will consider requests to support bereaved families with additional costs not covered under the Children's Funeral Fund or rftheyoung person is overthe age of 18. In additwjn. we will consider applicatK)ns up to 6 months after bereavement for costs such as memory makin& together with living costs until parents are able to return to work ACHIEVEMENTS FOR THE YEAR When the charity started in 2016. in the first year we awarded 40 grants totalling £28,980 and this was the onty support we offered. However. 8 years on. through listening to parents, consulting with healthcare professional and other charities, we now offer 12 main projects which address the wide range of needs faced by children and young people diagnosed with cancer and those of their families by adopting a holistic approach to improvethe wellbeing of the whole family. We are now proud to support the entire familyfrom AbbVs Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page 15 the start of their journey with childhood cancer, through treatment and beyond. Our Finantial Hardship Grants Scheme remains ￿TrtraI to our mission and awards grants to individual famifies urgentty needing funds to help them through the difficulties inherent in having a chlld undergoing treatment for cancer. Decisions on grant approvals continues to be a high priority for Trustees, with most agreed within a few hours of the request being received. The reasons for the grant requests are numerous and include items such as rent or mortgage payments as one or both parents might not be able to work while the child is in hospital, additional travel costs to hospital, food, household bills or sadly help towards funeral costs. Duringthe course of the financial year. we awarded 255 grdnts to families for much needed financial support with the totsl awarded of £131.223 with an average of £515 per grant Referra15 continued to cover all counties in the Wessex Region. although familieg resident in Hampshire (42%) and Dorset (22%) are the areas of highest demand. The grants awarded for the two wards for the different age group were 63% for (k16 year olds and 37% for 1fv24 year olds. We continued to provide End of Treatment Awards for children and Young People to acknowkdge the gruelling treatment and invasive procedures they have gone through as well as all the missed special occasions they have been too unwell to join in. Each child or Young Person will "Ring the Beif to mark the End of Treatment and we give an award of £2(X) to spend as they wish. We gave 58 Awards. a slight increase on the previous year {51- 2023) We are very pleased to share in the familiel enjoyment of this treat and will continue with this project for the next financial year. The Welfare Packs for parents of newly diagnosed children are now an establtshed project arbd continue to help ease the financial pressure of living at the hospital for the initial few weeks. Feedback from parents indicates these are so well received by parents and provide much need support to families in the early days following a child's diagnosis. Our initiatNe of providingfood to the children's cancer ward continues as onty 15% of hospitsls feed parents when they are staying overnight with their child in hospital and this has a significant impact of the cost of staying in hospitsl for parents. From feedback from parents and staff, we know the difference this makes to families in meeting a practical need as well as significantly boosting morale. so we continued to deliver sarKlwiches. fruit and treats, together with a weekty pizza delivery and ready meals bringing some variety. change to hospital routines and a treatfor children and parents. In addition. we provide a well-stocked snack cupboard so that pa￿ntS always have something to eat as too often their focus is looking after their child and forgetting to look after themselve5 as well. As part of our Darfs Out Prngrdmme. we had trips to Legoland. Chitty Chitty Bang Bang and Stranger Things which was very much enjoyed by the thildren. young people and their families. In addition. we hosted our first Sibling Days at Calshot Activity Centre. which were attended by 49 siblings. Siblings of chIld￿n with a cancer diagnosis fa￿ their own emotional challenge5 and can feel overlooked. as their routir*s are disrupted and they are often shuffled between difFerent family members while their parents a￿ in hospital with their brother or sister. We organised this day to recognise the impact of the diagn05i5 on them and provide a chance for them to have fun. connect with others in similar situations. and feel supported and acknowledged during a difficult time. We plan to have further Siblings events in 2025. Our Family Support Worker5 are based on the Children's Cancer Ward at University Hospital Southampton. We carried out a Parents Suryey is November 2024 and a staggering 95% of parents reported the Family Support Workers had improved their child's and the parents stay in hospital with 87% feelingthe FSW'S had reduced their stress as well as loneliness and Isolation. The Family Support Workers are Abws Heroes employee5 and are based on the ward for 6 days a week They are able to identSfy any financial stresse5 AbbVs Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page | 6 within a famity and apptyfor a grant from Abby's Heroes to support them. They are there to support families in any way they can-whether this is practically, emotionally, socialty or financialty. To address the mental health needs of our beneficiaries. we funded approximatety 138 counselling sessions for Young People and the families of children and young people. The Counselling Service allows for families to quickly a(￿$S support when they are ready to start to process everything they have gone through. In addition. the Play Therapy Service was provided for children to help them expre55. explore and process the feelings they have been unable to vocalise following their t￿atrnent. We develo￿ our relationships with Grandparents throughout the year with a variety of events including an Afternoon Tea. several coffee mornings and a Christmas lunch get together. From the feedback we have received. we know that Grandparents have hugety valued the opportunity to talk with other Grandparents who truly understand and are able to share in each otherfs experiences. We plan to run further events in 2025 for Grandparents so they know they a￿ not alone and Abb*s Heroes is the￿ to support them as well as their families. In summary. 2024 has been another highly successful year for supporting children. young people. and their families. As we refleci on the year. we feel an immense sense of pride in the positive and lasting difference the charity has made for so many families facing the overwhelming Un￿rtaInty and emotional strain that comes with a child's cancer diagnosis. The support we have been able to offer has helped ease the burden for these families. allowing them to focus on what matters most during an incredibly difficult time. We are pleased to have stayed firnily on course. successfully maintaining and delivering our planned charitable activities while remaining responsive to the changing and emerging needs of our beneficiaries. Our ability to adapt quickty to these shifts has been vital, and we have continued to explore and implement new initiatives that provide additional layers of support for children and their families. This proactive approach has allowed us to enhance the seThI￿ we offer. ensuring that we are continually meeting the diverse needs of those we serve. It is essential for us to continue responding with fiexibility, creativty, and resourcefulness, finding new ways to sustain and expand our services. even when fa￿d with financial constraints. The demand for our support is not diminishin& and as the needs of our beneficiaries change. we must ensure we are equipped to meet them. FINANCIAL REVIEW Wrthout any government fundi￿ Abws Heroes depends entI￿lY on the generosity of individual and corporate supporters to deliver cructal sUPPOrt to children diagnosed with can￿r and their frdmilies. Many families express that. without our help. they would have struggled to manage the immense financial strain caused bytheirchild's diagnosis. The Trustees acknowledge that our support is only possible when adequate funds are available. making a commitment to robust incomfrgenerating initiatives essential. This remains a key objective for the Trust moving fonward. This has been another successful yearforfundrdiSin& and we are thrilled to have been able to offera diverse range of events that appeal to various interests and audiences. including exciting additions like the Firewalk and Spinnaker Tower Abseil. Our long-standing events. such as the ABP Southampton. Golf Day. and Afternoon Tea. continue to be well-loved and provide a strong Source of income. However. the standout moment in our fundraising calendar was raising £40,000 at our Dinner Dance. We are immensety grateful to everyone who contributed to making this event such a tremendous Suc￿5 including the generosity of our guests arKI donors of some farrtastic auction prizesl Abb￿S Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page | 7 We experienced a remarkable 88% increase in income from Charitable Trusts and Foundations, both for restricted and unrestricted funds, thanks to the generous support of a wide range of funders. This growth in funding has been vital to our continued success. and we are deeply grateful forthe trust and commitment shown by these organisations. As we move forward, we are dedicated to further developing this area of income generation, recognising its importance in sustaining and expanding our programmes and seNices in the years ahead. However. we are mindful that this funding stream is not guaranteed. especialty given the potential fluctuations and changes within the trust fundlng landscape. Shifts in funder priorities. economic conditions, and the increasing competitive nature of grant applications mean that we cannot take this source of income for granted. Each application is the result of careful plannin& research, and effort, and every successful grant requi￿5 significant work to secure. While we are encouraged by the positive oirtcomes, we remain committed to continually strengthening our approach to this type of fundralsin& ensuring that we remain resilient and adaptable in theface of any challenges. We were fortunate to secure ￿$trIcted funds specificalty designated for Family Support Worker roles. offering a valuable opportunityto strengthen our servKe delivery and better support families in need. While we had the funding and were eager to proceed. progress was hindered by delays in renewing the required Honordry and Secondment Contracts with UHS, which are essential for external staff to work at the Hospital while empbyed by another organisation. Over the year, we engaged constructively with senior colleagues at UHS to help move the process forward. However. despite regular communication and our continued efforts. the contracts were not finalised by the end of the financial year. These delays were completety outside our control and not due to any lack of preparation or intent on our part. As a result, we were unable to recruit for a key role that would have had a meaningful impact on the support available to families, as o￿lined in our previous Annual Report. Some of the restricted funds allocated for this purpose remain unspent and will be carried forward into the 2024125 accounts. We hope that thls situation will be resolved as soon as possible In the next financial year. In January 2024, we conducted a review of the PlayTherapy Se￿1￿ after evaluating the number of children seen by Play Therapists in the previous financial year. whose roles were funded through a Service Level Agreement (SLA) with UHS. Upon reviewing the seNice, we concluded that it was not providing the value for money we had hoped for or that the Service was not seeing sufficient numbers of chIld￿n to justify providing the Service in this way. As a result, we notified UHS that we would be suspending fUndl￿fOrthe5e positions. Following this decision, we opted to restructure the Play Therapy Se￿ice to align it more closely with the model used for our Counselling Servi￿. Instead of relylng on therapists based in a specific locatlon, we began sourcing selF*mployed Play Therapists from vamus locations across the Wessex Region to set up a Panel of Play Therapists. This change resulted in significant financial savings forthe charty, as we no longer had the expense of renting space in a Central Southampton location. It also allowed us to provide a much more accessible. localised Servi￿ to families by offering therapy closer to their homes or. in some cases, wlthin their school environments. This approach proved to be not only more cost-effective but also far more convenient for families, making it easier for them to access support where they needed it most. As a result of the substantial saving on the Play Therapy Service and the inabiltty to recNit to the Famlly Support Worker roles a5 Outlined above, as well as a prudent start to the financial year and successful fundraising year, it resulted in a surplus of £109.925. Despite the ongoing global challenges and the uncertainties we have faced. we are proud to report that Abb(s Heroes has shown remarkable resilience. quickly adapting to the changing environment and continuing to make meaningful progress. Our ability to respond with agility and determination has allowed us to not onty maintain our core serVi￿S but also expand our reach and impact. Abbrfs Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page I We are especially pleased to highlight that we have again provided the largest number of financial hardship grants to families to date. This achievement underscores our commitment to supporting those in need, ensuring that families facing difficult circumstances receive the vital assistan￿ they require promptly with compassion and understsnding. RESERVES POUCY The purpose of the reseNes is to secure the future of ourseNices and long-term obligation to families. They also provide protection against unexpected events and fluctuations in income. The Trustees have considered the risks and needs of the charty and have set a Reserves Policy which requi￿. Reserves be maintsined for a period of unforeseen difficulty at a level which ensures that Ablrfs Heroes core activity could continue. A proportion of Reserves be maintsined in a readily realisable fomi. Having taken all the above into consbderation. the Board of Trustees agreed that the most appropriate level of Rese￿e5 required to meet the above risks. togetherwith our charitable activities and commitments, was 3 monthg charitable activities and 3 month's operational costs. A review of our ReseNes Policy was performed to reflect the financial demands of the charity and to ensure the ReseThes Policy is frt for the future given its growth. cuffent and forecast level of activity. In order to niinimise financial risk, the charity ha5 distributed its Reserves and designated funds to a number of diffe￿nt accounts in line with the FSCS guidelines. THE FUTURE We are immensety proud of our reputation for making a significant and meaningful impact of the lives of the children and families we support. We help a dNerse range of people from a wide geographical a￿a with different lrfe experiences with one thing in common - the harsh reality of the physical. psychological. economic and social consequences of childhood Can￿r. The Trustees have pledged to continue to develop ourservices to provide helptofamilies inthe most practical, preventative and orEinal wayto enable families to cope with the challenges they face. As reported last year. we will continue to drive our plans to expand our Family Support Servio to offer more support to families when they aren't in hospital or at other specialist hospitals like Great Omiond Street or University College Lormlon Hospital as Bone Marrow Transplants and Radiotherapy/proton Beam Thernpy are [￿t available at Southampton as parents told us they wanted and needed this additional support. As soon as we have the necessary Honorary Contract and Secondment Agreement from UHS. we want to be able to employ a 3rd Family Support Worker which will allow us to extend our support to continue our care when families have left the safety of the hospital and have to adapt to difference circumstances at home or in a new hospitsl. If we a￿ UnsUc￿sful with our targeted approaches for charitable tn￿l funding or our forecasted income doesn't come to fruition. we will delay the roll out of our Community Family Support servi￿ provision until such time that sufficient income is forthcoming. After reviewing the support we pn)vide when a child or young person is diagnosed. we plan to introduce an Early Days Gift in 2025 to help families manage the wide range of expenses they face immediately after recemng the devastating news. We view this as an important additional layer of support to assist with unexpected costs such as parkin& travel, extra mea15 and entertainment fortheir sick child or young person. Our goal is for this initiative to make an immediate diffe￿nce, offering swift financial relief while families navigate the emotional and practical challenges of adjustingto the diagnosis and the difficult journey ahead. Abbvs Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page l ? We recognise that, in order to continue growing the charty and expanding the support we provide, it is essential to recruit a Corporate Fundraiser, as our current team is operating at maximum capacity. While we understand that increasing staff in the Short term will raise our operating costs. we see it as a necessary and strategic investment which should become self-funding within a relatively short period of time. This will help drive our income generation. which. in turni provides the financial foundation for the continuation and growth of our charitable activities. Thi5 investment will ensure that we can continue to serve more families. develop new initiatives and expand the impact of our work in the long term. Ultimately. it is a cruaal step towards securing the sustainability and success of the charity which is frt for the future. The commitment. dedication. and togethemess of ourstaff team and Trustees, pirtting children and families at the heart of everything we do, is truly what makes us who we are as an organisation. We continue to aim to reach all children, young people and their families r￿1VIng treatment under University Hospital Southampton by providing a range of financial. practical and emotional support at any point of their journey. We are proud of all that has been achieved over the last 8 years in Abws name and know there is still so much more we can do to help in the here and now as well as beyond. The support we have received from all those associated with the charity allows us to ￿lebrate the unfailing generosty of our supporters and gives us hope that we will be there to support mary more familie5 crossing the threshold of the Chiklren's Can￿r Unit or the Teenage and Young Unit at University Hospital Southampton. Abbrfs Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page 110 STATEMEMf OF TRUSTEES. RESPONSIBILMES FOR THE RNANCIAL STATEMENTS AND CORPORATE GOVERNANCE The Trustees are responsible for their Annual Report and for the preparing of the financial statements in accordan￿ with applicable law and United Kingdom Generalty Accepted Accounting Practi￿ and for ensuring they give a true and fair view of the incoming resources and the application of resources of the Charity during the year. and of the state of affairs as at the end of the financial period. In preparing these financial statements. the Trustees are required to: select suitable accounting policies and appty them consistently: observe the methods and prinoples in the Charities Ststement of Recommended Practi￿. make judgements and estimates which a￿ ￿asonable and prudent: state whether the applicable UK Accounting Standards have been followed. subject to any material departu￿5 disclosed and explained in the financial ststements: prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in Operat￿n. The Trustees are responsiblefor keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial sLitements comply with applicable Eaws and regulations. They are also responsible for safeguarding the assets of the Charity and for their proper application as required by charity kw, arKI hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees have overall responsibility for ensuring that the Charity has appropriate systems and controls. financial and otherwise, to provide reasonable assurance that: the Charity is operating efficientty and effectively: proper records are maintained and financial information used within the Charity. orfor publication. is reliable: the Charity complies with relevant laws and regulatKJns. Internal controls over all forms of commitment and expenditure continue to be refined to improve effic￿n(V. Pro￿55e5 are in pla￿ to ensure that perfomiance is monitored and that appropriate management infom)ation is prepared and reviewed regularty by the Board of Trustees. The systems of internal control are deSi￿ed to provide reasonable but not absolute assurance against material misstatement or Ios5. They include: a strategic plan and annual budget approved by the Trustee5 regular consideration by the Trustees of financial results. variances from budgets. non-financial performance indicators and benchmarking reviews delegation of day-to-day management authority and segregation of duties identification and management of risks Abb￿5 Heroes l ANNUAL REPORT & ACCOUNTS 2024 Page | 11 DISCLOSURE OF INFORMATION TO INDEPENDEMf ACCOUNfAMrs Wrth regard to the preparation of this Annual Report and Accounts: As far as each Trustee is aware, there is no relevant audit infomiation of which the ChariW5 Independent Accountants a￿ unaware. Each Trustee has taken all the steps a Trustee might reasonably be expected to have taken to be aware of relevant infomiation and to establish that the Charitls Independent Accountants are aware of that information. This report was approved by the Trustees on ....... nd signed on Abbvs Heroes | ANNUAL REpoKf & ACCOUKtS 2024 Page | 12 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF ABBY'S HEROES I report to the trustees on my examination of the accounts of Abby's Heroes for the period ended 30 November 2024, whlch are set out on pages 14 to 26. Responslbilities and basis of report As the trustees of the Charity vou are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. Having satisfied myself that the accounts of the Charlty are not required to be audlted under the Charities Act 2011 and are eligible for an independent examination, I report in respect of mv examination of the trustee's accounts carrled out under section 145 Df the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under sectlon 145ISllbl of the 2011 Act. Independent examlner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodles. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 11) accounting records were not kept In respect of the Charlty as required by Section 130 of the Act,, or (21 the accounts do not accord with those records; or 13) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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, I have no concerns and have come across no other matters in connection wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C J Goodhead FCA Knight Goodhead Limited Chartered Accountants Dated: 7 Bournemouth Road Chandler's Ford, Eastleigh Hampshire, S053 3DA Page | 13 ABBVS HEROES srATEMENT OF FINANCIAL AcrivmES FOR THE YEAR ENDED 30 NOVEMBER 2024 funds fund5 funds INCOME Donatlons and legacies Investment income 569,272 139.648 709,220 542?30 7336 TOTAL INCOME 576276 139.fA8 716224 s49￿6 Raising funds Charitable activities Admlnistration costs 108,977 142.699 (13,551) 15,475 68,394 156.812 124,452 334.191 147,656 115,537 313.204 133.597 123,098 4,395 TOTAL EXPENI)rruRE 238.￿ 240,681 127A93 606299 NEf INCOME/{EXPEt4DrruRE) FOR YEAR BEFORE TIIIINSFER5 338J51 12403811 12.155 109325 1116721 TRANSFERS BEfwEEN FUNDS (172.753) 164.746 8.(K)7 NET INCOME/{EXPENDTfuRE) 165398 ￿5￿35) 20.162 109J25 {12￿72) TOTAL FUND BALANCES BROUGHT FORWARD 152587 272￿55 15.260 44D,502 453,174 TOTAL FUND BALANCES CARRIED FORWARD 317J85 197JJ20 35N22 550A27 440502 The notes on pages 16 to 26 fomi part Oft1￿ financial statements. Page114 ABBVS HEROES PRIOR YEAR COMPARATIVE sfATEMENT OF FINANCIAL AcllvmES FOR THE YEAR ENDED 30 NOVEMBER 2023 funds funds funds INCOME Donatlons and legacies 440,897 7336 10.875 90.558 541330 7.336 TOTAL IficoME lo￿5 90558 549 RaisirE funds Charitable activitie5 23.759 0.144 12.459 61.171 92.730 117.652 30.607 90,330 3.486 115.537 313.204 133.597 Administration costs TOTAL EXPENDMJRE 6362 I71￿53 4823 562338 INClhME FOR PERIOD 281A71 I260￿78) 133065) (U6n) TRANSFERS BEfwEEN FUNDS (236.119) 241,993 15.874) (EXPENDITURE) I INCOME 45.752 I18￿5) 139.7391 {11672} TOTAL FUND BALANCES BROUGHT FORWARD 106,835 291,340 54.999 453,174 TOTAL Ful￿ BALANCES CARRIED FORWARD 152.587 2n,655 15260 440￿2 Page115 ABBY'S HEROES &ALANCE SHEEf AT 30 NOVEMBER 2024 2023 FIXED ASSEIS Intangible assets Tangible assets 15?59 1.793 17.279 1.195 17.15Z 18N74 CURREpif ASSErs Debtors Cash at bank and in hand io 11.151 553,578 564.729 18936 406.496 425A32 CRED￿01l$. amounts falling due within one year li 131.4541 {3.4041 NEf CURRENT ￿￿ErS 533275 422.028 NET ASSETS 550A27 FUNDS Restrlcted funds Unrestritted . general funds Unrestrlcted- designated funds 35A22 317,985 197,020 15,260 152587 272,655 TOTAL FUNDS 550827 Approved bythe Trnstees on and slgned on their behalf by Rache TvusteÈ Page | 16 AB8fs HEROES CASHFLOW StATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024 CASH FLOW PROVIDED BY OPERATING ACTivmES I41￿2 {31.842) CASH FLOWS FROM INVEsfiNG ACTivmES Interest received 7.004 7,336 CASH FLOWS FROM INVESllNG AcnviTIES Intangible asset addition Fu(ed a￿t additions (19,199) 11,724) CASH FLOW 147.(182 143,705) Chay in cash and cash equiwalents in the year 147.082 {43.705} Cash and cash equiwalent at start of the year 406,496 450.202 Cash and cash equivalents atthe end of the year 553.578 406.497 NcifESTO THE CA5HFLOW sfATEMEtir FOR THE YEAR ENDED 30 NOVEMBER 2024 I CASH FLOW PROVIDED BY OPERATING AcnviTIES 2024 2023 Net movement in funds forthe par Interest recei¥ed DepreciatK>n and amort￿atIOn Decrea￿{1nCrea5e) in debtors I￿rease in cteditors 109.925 17.004) 3.046 7.785 28.050 112.672) {7.336) 114.670) Net cash flowfrom operating activitles I41￿02 {31.842} 2 ANALYSIS OF CASH AND CASH EovfrfALENT5 2024 Cash at bank and in hand 553,578 406.496 553578 406,496 Page117 ABBVS HEROES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 I ACCOUNnNG pouaES la) Pxcounllry c(bn¥ention The firKincial ststements have ￿en prepared in XCOrdan￿ with Accountin2 and Re￿rtIng by Charities". Statement of Recommended Practice appllcable to charities preparing their accounts In accoidance with the Financial Rew)rting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effectlve l January 2019) - (Charitie5 SORP (FRS 102)), the Flnancial Reporting Standard applicable in ￿ UK and Republk of Ireland IFRS 102} and Charitie5 Act 2011. The charlty meets the definition of the publK benefft entlty under FRS 102. Assets and liabilitles are Inltlally recognised at historlcal cost ortransaction value unless otherwlse ststed in the relevant accounting p)Ilcy note. (b) GOA¥ eon(Yrn The accounts have been prepared on the golng concern basis. There are no material uncertalntles about the charit￿$ ability to contlnue. {() Fund accountl Funds held by the charity are elther: Unrestrirted fvnds: These are funds that can be used in accordance with the tharitsble objects at the dlscretlon of the Trustees. Designated funds: These a￿ fvnds vthich have been deslgnated bythe Trustees for a partlcular purpose. Restricted fvnds: These are funds that Gin onfy be used for particular re#ricted wrposes w•thin the objects of the chaiity. Restrictions artse when specihed bythe th)nor or when fijnds are raised for particular restrkted purp)ses. Id) Incomin8 resour All income Is Included in the Statement of Flnancial ktivities when the charlty is entrtled to the income and the amount can be quantlfied with reasonable accuracy. Th following specific pollcks are applied to partm￿lar categories of income." Donations and legacles a￿ re￿iVed by way of grants, donations. legacies and glfts and a￿ inclu￿￿ in full in the Statement of Financial Actfvlties when receivable. Grants, when entitlement is not conthrtional on ￿ delivery of a speclfic perfomiance by the charlty, are recognised when the chaiity becoTh*s unconditk)nalty entitled to the granL Investrnent income is included when receivable. Resour￿ a￿ deferred when. at the end of an accounting period, they have been received but the charity has yet to become unconcrrtionally entitled tothem. (e) EXPU￿rtUre Expenditure Is recognised on an accruals basis as a liability Is Incurred. It includes any VAT paid. Costs are apportioned in line wlth the income re￿Ived from that source duringthe period. Charitsble artivities expenditure comprises of those costs incurred bythe charity in the delFvery of its actNities and seThkes for its beneflclaries. It includes both costs that can be allocated directly to such activities and those costs of an indirert nature necessaryto support them. Page l 18 ABBY'S HEROES NOTES TO THE AccouMfs FOR THE YEAR ENDED 30 NOVEMBER 2024 I ACCOUPrnNG pouaES (contlnued) lfj Deprttiation of intanglblefixed assets Deweclatlon is provided on fixed assets to sp￿ad the cost over the estimated useful Ibves of the ￿levant assets at the following rates: Computer software IO% Straight Line DeprecIat￿Tr Is provided on fixed assets to spread the cost over the estimated use￿1 lives of the relevant assets at the following rates: Computer & EquIp￿nt Fixiures & Fittings 25% Straight tine 25% Straight Line Ih) Pension costs contri￿￿0￿$ in respect of the companvs defined contribution scheme are charged to the Statement of Flnancial Attivities for the in which they are payable to the scheme. Differences between Contributior￿ payable and contributlons actually paid in the year are slK)wn as either Other Debtors or Other Creditors atthe year end. 2 LEGAL STATUS The charity VRS registered on 12 December 2016 wtth the Charity COMM￿S1On in England and Wales. The charity is a pubr benefrt entty. The regtstered I)ff￿ of the charity 15 Unit 18. Basepolnt Centres, Andersons Road. Southampton. Hampshlre, S014 5FE. 3 INCOME ANALYSIS T¢)tal 2024 2023 Donations received Gift Aid recoverable 666.665 42,555 514,491 27,839 709220 542330 Page l 19 ABBVS HEROES NOTES TO THE Accoumfs FOR THE YEAR ENDED 30 NOVEMBER 2024 Totsl Totsl 2023 4 RAISING FUNDS Fund Raising Expen5e5 Promotional Merchandlse Employmert Costs Penslon Costs 76,490 7A93 38.799 1.670 68,053 17.713 29,190 581 124A52 115537 Totsl 2024 Total Grdnts. Gifts and Donations WellbelnE- Piam Brown Ward Counselling Tralnlng Bereavement and Wellbelng Travel Employment costs 221.594 30.765 6,905 2.354 214.760 32.715 9285 5A16 2515 48,1 71209 334.191 3132114 Total Total 6 ADMINISTRATION COSTS Employn*nt costs Insurance Accountsnry Fee5 Miscellaneous Expenses Storage Telephone Motor Expense5 Repairs & Renewals Rent 89,277 2.689 89.191 2,474 L950 2.560 4,069 1.972 1.610 3A98 1.922 4.374 19.818 358 1,155 8.063 5.209 2,307 720 15.792 Training IT Costs Advertising and Marketing Postsge. Printing and Ststb?nery Consulting 744 lJ72 4.967 2.052 1,137 Subscriptions Dep￿CiatIon 1.625 147ffi56 133W7 Included above are amounts due to the Independent examiners In relation to independent examination of £lJtK)12023: £1,620). Page | 20 ABBVS HEROES NOTES TO THE Accoumfs FOR THE YEAR ENDED 30 NOVEMBER 2024 Total 2024 Total 2023 7 STAFF COSTS Salarie5 and wages S(Kial security costs Penslon costs 181.051 10.890 8.209 155,770 8.027 3.278 Totsl stsff costs 2￿.150 167.075 The averdge nurnber of staff employed during the period was 7 (2023: 7). No employee received emoluments of £60.0(K> or more during this period or the prior year. Two members of key management ￿e￿Ned a totsl of £95,673 (2023: £85.834) in remuneration for the year. 8 INTANGIBLE ASSErs Intangibte T(*al At beginning of perknd Addition5 Dlsposals Atthe end of perfod 19,199 19.199 DEPREaATION At beginning of period Charge for period Eliminatsd on dlsposèb At end of perlod 1.920 1.920 1.920 1.920 NET BOOKVAWE At end of perlod At beginning of period 15359 17.279 15359 17.279 Page121 ABBVS HEROES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 9 TANGIBiE ASSErs Equlpme Totsl COST At beginning of period Additions Disposals At the end of period 3.983 3383 l.T24 1.724 L724 DEPREaATION At beginning of period Charge for perlod Eliminated on disposals At end of period 2,788 695 431 1.126 431 3J14 BOOK VALUE At end of peiiod At beglnnlng of period 1,195 1,195 10 DEBTORS Other debtors Prepaymerrt5 and accrued incorne 8,572 2.579 li.￿1 6,866 12.070 36 11 (XEDrroRS: amounts fairing due within year Trade credltors Tax and social security Accruals Other credltors 2,187 27,406 1.161 31A54 2,708 696 Page | 22 ABBY'S HEROES NOTES TO THE Accoumfs FOR THE YEAR ENDED 30 NOVEMBER 2024 12 RESTrICtED FUNDS Funds blfwd Income Expendilure Trdnsfers clfwd Restricted Funds Cllnical Psy¢hok)gist Counselllrg SeThice Family Support Worker Rent & Stora8e welfa￿ Packs Care & Comfort Bags Wellbeing Shopping vouchers 4.618 1?79 16500 (19.614) {6.905) 112,310) {4,395) 116.050) (3.1381 {37.5811 {27.500) 2,426 24.648 12.338 605 10,613 10.362 8,663 13,5th) 37,Crf)O 581 5,(K)O 15260 139.618 1127A93) 35A22 Funds reCeI￿d from donors specificalty to empby a Clinical Psychologist Cr Parents on the Children's Cancer Ward Pbzxa and Picnic Funds designated to provide food to Children's Cancer Ward to chlldren and theirfamilies. Care & Cornfort Bags Funds held for Care and Cornfort Bags Mthith pr