ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 THE FERTILITY FOUNDATION (Charitable Incorporated Organisation} CHARITY REGISTRATION No . 1174616 The Fertility Foundatio Year ended 31 January 2024 Charity Commission reference no.. 1174616 CONTENTS Page Legal and Administrative Information Trustees report 34 Independent examinerfs report Statement of financial activities Balance sheet Notes to the Accounts The Fertility Foundation Year ended 31 January 2024 Charity Commission reference no.. 1174616 LEGAL AND ADMINisfRATIVE INFORMATION Charity Number 1174616 Date of registration 12 September 2017 Trustees in the year Peter Ja￿lS-M3£k Tone larvis-mack Sarah Keeley- resigned 23 March 2023 Caroline Barnard- appointed 15 October 2024 Legal Status Charitable Incorporated Organisation Governing Instrument CIO- Foundation RegÈstration 12 September 2017 Correspondence Address 139a-141 High Street Waltham Cross HertFordshi EN8 7AP Primary Banker5 Metro Bank One Southampton Row London WCIB SHA Independent Examiner Robert Boulton Bsc. (Honsl FCA Thickbroom Coventry Ltd Chartered Accountants 147A High Street Waltham Cross Hertfordshire EN8 7AP Charities main objectives To relieve persons who are suffering from infertility or other related disorders particularly by the provision of information, advice and practical support. This overarching purpose will be achieved by a number of initiatives including-, The provision of a support network to address the needs of those suffering from infertility through a dedicated website. The use of social media and other electronic and hard information materials. Educating the public about all aspects of fertility treatment providers to increase accessibility to appropriate assisted reproduction treatment. The Fertility Foundation Year ended 31 january 2024 Charity Commission reference no.. 1174616 TRUSTEES REPORT About the Fertility Foundation The Fertility Foun(Jation is the national fertility charity proving support and IVF funding to low-income couples and individuals in the UK. We are an independent charity that doesn't received any regular public funding and relies on the generous donations we receive Irom the publit. We understand the assistance needed on an individual's fertility joumey is as unique as they are. We setup The Fertility Foundation based on our overwhelming desire to help as many people as we can to either start their family. With the NHS funding cuts showing no signs of stopping we are creating a fund to provide financial assistant to individuals and couples who are struggling to afford treatment. Applications for a one-time financial fertility grant will be considered by our trustees and medical team. The generosity of our supporters has been instrumental irb enabling us to provide financial assistance for IVF treatments. We extend our heartfelt gratitude to all donors for their contributions. We are pleased to report that we have successfully provided IVF grants 311owing them to pursue their dreams of starting a family. These grants have made a significant impact. covering a portion of the costs associated with fertility treatments. Review of Activities and Achievements Retall Operations Expansion We are excited to announce our retail operations expanding in March 2024 with a second shop in Waltham Cross . Goalsfor the New Shop- Increase visibility and engagement within the community- Generate additional funds to support our IVF grant programs. Create a welcoming space for individuals seeking information and support regardinE fertility. We believe this expansion will not only enhance our fundraising efforts but also serve as a vital resource for couples in the area. The Fertility Foundation is committed to making a meaningful difference in the lives of couples and individuals facing fertility challenges. With the continued support of our donors and the expansion of our retail operations. we look forward to increasing our impact in the community. The Fertility Foundation Year ended 31 January 2024 Charity Commission reference no.. 1174616 Statement of trustees. responsibilities Charity13w requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the Charitable Incorporated Organisation and its financial activities for that period. In preparing those financial statements, the trustee5 are required to: Select suitable accounting policies and then apply them consistently- Make judgements and estimates that are reasonable and prudent,. State whether applicable accounting standards and statements of recommended practice have been followed, subjert to any departures drsclosed and explained in the financial statements,. and Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operational existence. The trustees are responsible for keeping proper accounting retords which disclose with reasonable accuracy at any time the financial position of the Charitable Incorporated Organisation and to enable them to ensure that the fiftancial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of thè Charitable Incorporated Organisation hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Management and governance arrangements Were there a requirement for new trustees. these would be identified and appointed by the remaining trustees. The chair of trustees is responsible for the induction of any new trustee which involves awareness of a trustee's responsibilities, the governing document, administrative procedures, the history and philosophical approach of the charity. A new trustee would receive copies of the previous yearfs annual report and accounts and a copy of the Charity Commission leaflet The Essential Trustee= What You Need to Kno￿. The trustees annually review the risks the charity faces. To date these have mainly related to investment management. tax rules and risk areas relating to employment of staff which have been covered by proper procedures and advice. Independent examiner The trustees intend to ask the existing examiner to undertake the independent examination of the Trust in the following year. Approved by the trustees and signed on its behalf bv-. Tone Jarvis-mack Trustee Dated: The Fertility Foundation Year ended 31 january 2024 Charity Commission reference no= 1174616 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROBERT KILN CHARITABLE TRUST I report on the accounts of the charity for the year ended 31 January 2024 which are set out on pages 6 to Respective responsibilities ol trustees and examiner The ch3ritVs trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not reouired for this year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. It is my responsibility to- Examine the accounts under section 145 of the 2011 Art To follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the 2011 Act- and To state whether particular matters have tome to my attention. Basis of the independent examinerfs report My examination wa5 carried out in accordance with the General Direttions given by the Charity Commission. An examination includes 3 review of the actounting records kept by the charity and a compari50n of the accounts presented with those records. It also include5 consideration of any unusu31 items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination, no matter has come to my attention.. l. Which gives me reasonable cause to believe that in. any material respect, the trustees have not met the requirements to ensure that= Proper accounting records are kept in accordance with section 130 of the 2011 Act,. and Accounts are prepared which accord with the accounting records and comply with the accounting requirements of the 2011 Act: or 2. To which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reacheij. 147A High Street Waltham Cross Hertfordshire EN8 7AP Robert Boulton BSC. FCA Thickbroom Coventry Ltd Chartered Accountants Dated.. The Fertility Foundation Year ended 31 January 2024 Charity Commission reference no= 1174616 STATEMENT OF FINANCIAL ACTIVlnES Unrestricted Restricted Funds Funds Note 2024 2023 Incoming Resources Donations, Grants & Legacies Interest 37.044 39 5.075 42,119 39 64,204 TOTAL INCOMING RESOUCES 37,083 5.075 42.158 64.204 Resources Expended Cost of Charitable Activities- Grants IVF Commercial Gifts and donations Salaries & Nl 6,187 5.5LK) 11,687 10,479 4.307 4,000 20,969 32.719 32,719 38,906 5.5 44,406 39.755 Governance Costs- Independent Examiners Fee Subscriptions 6LKI 108 600 108 600 54 708 708 654 TOTAL RESOUCES EXPENDED 39.614 5.500 45,114 40,409 NET INCOMING IOUTGOINGI RESOURCES Funds brought forward 12.5311 36.783 14251 10,907 12,9561 47,690 23,795 23,895 TOTAL FUNDS CARRIED FORWARD 34.252 10.482 44,734 47,690 Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed 3$ continuing_ The notes on pages 8 to 9 form part of these financial stateFnents. The Fertility Foundation Yearended 31 January 2024 Charity Commission reference no= 1174616 BALANCE SHEET AT 31 JANUARY 2024 STATEMENT OF FINANCIAL A￿1VITIES Unrestricted Restricted Funds Funds Note 2024 2023 Fixed Assets Tangible Assets Investments Current Assets Debtors and prepayrllents Cash at bank and in hand 1,710 53,984 35.872 10,482 46,354 35,872 10,482 46.354 55,694 Creditors -. Amounts falling due within one year 1.621 1,621 8,005 Net Current Assets 34,251 10,482 44.733 47,689 NET ASSET5 34.252 10.482 44.734 47,690 FUNDS OF THE CHARITY 34.252 10,482 44,734 47,690 Approved by the Trustees on and signed on their behalf by Tone Jarvis-mack (Trustee) The notes on pages 8 and 9 fomi part of these financi31 statements. The Fertility Foundation Year ended 31 January 2024 Charity Commission reference no= 1174616 NOTES TO THE ACCOUNTS l. Accounting policies 1.1 Basis of Preparation The accounts have been prepared on the historical cost convention using the accruals basis with itern5 recognised at cost or tran$3ction value unless otherwise Stated. The financial st3tements have been prepared in accordance with the Statement of Recommended Prartice. 1.2 Assessment of Going Concern Preparation of the accounts is on a going concern basis. The Trustees consider that there are no material uncertainties about the Charivs ability to continue as a going concern. 1.3 Incoming Resources These are recognised when the Charity becomes entitled to the resources, the tru5tee5 are certain they will rèceive the resource and the monetary value can be measured with sufficient Income is reported gross. 1.4 Resources Expended These are recognised when there is a legal or constructive obligation committing the Charity to pay the resource. 1.5 Unrestricted Funds These funds can be used for the general objectives of the Charity. 1.6 Restricted Funds These funds are where the original donor has specrfied a purpose for the donation made. It includes any Gift Aid recovered on the donation. Expenditure incurred for that specific purpose is offset against the fund. 2. Staff costs and numbers The number of persons Èmployed by the Charity (including Trustees) during the year was 212023 = 21 3. Tangible fixed assets The Charity held no tangible fixed assets at the balance sheet date12023 .. None). The Fertility Foundation Year ended 31 January 2024 Charity Commission reference no.. 1174616 NOTES TO THE ACCOUNTS (Continued) 4. Investments 2024 2023 Investment in subsidiary lat costl Name of undertaking Registered number The Fertility Trading Company Limited 11413683 (England & Walesl Registered Office Class of shares held 139a-141 High Street, Waltham Cross. Hertfordshire. AL8 7AP Ordinary Shares of £1 each Percentage of shares held 5. Debtors 2024 2023 Other debtors 1.710 6. Creditors . Amounts falling due within one year 2024 2023 Other creditors Accruals 421 1,200 7.405 6(NJ 1,621 8,005 7. Trustee5 and other related Parties During the financial year trustees received the following.. 2024 2023 Tone JaNis-Mack Remuneratio 12,075 13,567 Gift in furtherance of the Charitys objectives Remuneration 2,000 Peter Jarvis-mack 24.325 5,897 Gift in furtherance of the Chariws objectives 2,000 No other payments or transactions were made to trustees or any persons connected with them during this financial year lor last yearl.