Charitable Incorporated Organisation (CIO) Charity Number: 1176935
TRUSTEES’ ANNUAL REPORT AND ACCOUNTS
FOR THE PERIOD ENDING 31[ST] MARCH 2024
Trustees Annual Report For the period of 31[st] March 2024
Reference and Administrative Details
The Trustees present their report together with the financial statements of the Curve Foundation for the period ended 31[st] March 2024.
Charity’s Principal Address:
Badgers Rest School Lane Sturton By Stow Lincoln LN1 2BY
Trustees
Keri Dempsey Timothy Rowe Jacqueline Kemp ( Resigned 30/06/2023) Yasmin Clark (Appointed 14/07/2023)
Structure, Governance and Management
The charity is a Charitable Incorporated Organisation constituted using a ‘Foundation’ model and registered with the Charity Commission on 1[st] February 2018 under the number 1173569.
A change of name from ‘Shai’s Smile’ to ‘The Curve Foundation’ was granted by the Charity Commission on the 20[th] August 2020.
The charity appoints Trustees for a term of 3 years by a resolution passed at a Trustees meeting. The charity trustees consider the skills, knowledge and experience needed for the effective administration of the CIO when selecting individuals for appointment as new charity trustees.
Objectives and Activities
Charitable object is set out in the CIO governing document as follows:
For the public benefit the relief of sickness and the preservation of good health of, particularly but not exclusively, children with long term debilitating illnesses and medical conditions.
Summary of main activities undertaken for public benefit in relation to the object above:
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Supports children, young adults and families with life limiting diseases, invisible illnesses, mental health issues and learning differences.
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Provides a safe space to engage with one another, access knowledge, guidance and information through our bespoke services.
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Break down stigma, raise awareness and shine a light on some of these often-misunderstood conditions.
The Trustees reviewed and planned the charity’s activities during the period using the Charity Commission guidance on public benefit.
Achievements and Performance
The period ending 31[st] March 2024 went well. Our counsellor provision at Moulsham High School in Chelmsford continued to offer mental health support three days a week to children and young people at the school. By the end of the period, the charity had directly supported over 200 students and indirectly impacted their families and others within the local community.
Awareness continued to be an important part of the charity’s activities again this year. The Curve Foundation attended open evenings and worked with the school, to share the charity’s regular on-site presence with students and parents/carers. The Curve Foundation continued to be approached by other schools and organisations around Essex to provide services in their settings. However, due to our continued limited resources we were unable to commit to any new services again this year. The charity was however able to hold awareness stalls in and around the community throughout the year and we would like to thank our lovely volunteers for their support.
Strengthening policies and procedures and reducing operational task time has been important for the charity again this period. Recruitment has also been an ongoing activity for us this year and with staff changes and one trustee moving on to new ventures. The charity has also been developing our evaluation methods to improve our case for financial support (e.g. from corporates) in the future.
The charity’s fundraising activities returned to pre-pandemic levels during this year and we saw the beginning of some new fundraising methods to help diversify the charity’s income generation. The large gala dinner held annually in aid of the charity raised over £40,000 (2023: £38,000) to support the Curve Foundation’s work in the November. We also hosted our first Curve Ball Cup summer fundraising activity in the June before which raised £2,357 considering the really hot weather in the day. However, our annual challenge fundraiser in May, Miles Over Mind, did not perform as well this year, raising only £65 (2021: £1,300). We did however continue with the seasonal online raffles during the period to increase exposure and provide a better platform for parents and carers to fundraise through the school.
This year was not free from challenges for the Curve Foundation. Again, the charity experienced some staffing changes during the period, which meant training up new people. However, the charity was able to maintain the three days of service provision at Moulsham High school throughout the period and deliver the three annual fundraising activities.
Financial Review
The charity’s total income was £85,706 (2023: £61,380) and total payments made were £57,205 (2023: £47,245). As of the 31[st] March 2024, the charity held unrestricted funds of £54,312 (2023: £25,811). Due to the way income has been received in the period, the charity has greater reserves than expected at the end of the financial year. However, this will balance out in the year to come as the charity develops its plans to expand provision.
Based on the service provision undertaken in the period, the trustees aim to hold a reserve of one school term of expenditure is to ensure the school and the charity have enough notice should is it need to close. The reserves policy is reviewed on an annual based and changes depending on the current service level being provided.
Report approved and signed by the trustees:
Date:
IrMlepÈndÈnt èxaminerfs rèport to thètrustees of Thè Curvè Foundation I report to thetrustee% on myexarninatK>fi tsf the acctsuftts (rf Curve Foundation I'the Trusw) for the year ended 3110312024. Responsibilities and basls of tsrt the charity trustees. you are responsible for the preparation of the accounts in accordance wi(h the Charities Act 20111"the ACVI. I report in respect of rny exarninatK)n of the Tru5Vs aCContS (3rried out under settion 145 of the 2011 Act and in carrying out my examination. I have followed 311 the applicable DIrectnS given by the Charity Commi55K)n under section 14515llbl of the Act. lrnlepeb)dent e)ominer's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives tne cause to believe th3t in. any materièl respect.. the accounting records were not kept in accordance with sectDn 130of the Act: or the accounts did not accord with the accounting record5,' or the accounts did not cOrnp wtth the applicab requirements conceming the form and content of accounts set out in the Charities IAccounts and Reports) Regulatn5 2008 other than any requirement that the account5 give a 'true and fairf view which 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in conn£(tion with the examinatlDn to which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Lucy Stupples MMT 13 January 2025 Autunm Cottoge Ltd • Gieeii Hedges • 29 Haw L]e • Bledlow Ridge • Buckiiighgmshire • HP14 4TH P£gL5tcrcd Ln EngbndNo 63534BO
CURVE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDING 31 MARCH 2024
| Income Receipts Donations, legacies and grants Fundraising events Other Income Total Receipts Expenditure Payments Freelancers & Service Provider Fees Cost of fundraising Administration & Office Costs Membership & Professional Fees Outreach Activities Total Payments Net Receipts/(Payments) for the year Transfers between funds Total funds brought forward from previous year Total funds carried forward at the end of the year |
Unrestricted Funds 2024 £ 82,838 2,868 - 85,706 52,834 2,053 1,536 782 - 57,205 28,501 - 25,811 54,312 |
Total Funds 2024 £ 82,838 2,868 - 85,706 52,834 2,053 1,536 782 - 57,205 28,501 - 25,811 54,312 |
Total Funds 2023 £ 57,852 3,355 173 |
|---|---|---|---|
| 61,380 | |||
| 43,025 1,948 1,087 835 350 |
|||
| 47,245 | |||
| 14,135 | |||
| - 11,676 |
|||
| 25,811 |
CURVE FOUNDATION
STATEMENT OF ASSETS AND LIABILLIES
AT 31 MARCH 2024
| Notes Cash Funds Cash at bank and in hand Represented by funds Unrestricted funds |
2024 £ 54,312 |
|---|---|
| 54,312 | |
| 54,312 | |
| 54,312 |
No trustees or related parties were paid remuneration or received any other benefits from an employment with the charity or a related entity. Trustee expenses have also not been incurred.
Signed on behalf of the Trustees:
| Signature: Name: Date of Approval |
|
|---|---|
| Tim Rowe | |
CURVE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDING 31 MARCH 2024
Note 1: Accounting Policies
Basis of Preparation
These financial statements have been prepared under the historical cost convention and in accordance with the Charitable Incorporated Organisations (General) Regulation 2012 and section 133 of the Charities Act 2011.
Income Receipts
All material incoming resources have been included on a receivable basis i.e. they are included if the date received falls within the period covered by these accounts.
Expenditure Payments
These have been analysed using a natural classification.
Going Concern
The Trustees assess whether the use of going concern is appropriate (for example, whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern). The Trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. The charity is operating on a going concern basis.
Fund Accounting
Unrestricted funds are donations and other income received or generated by the charity's charitable purposes. Restricted general funds are to be used for specific purposes as set out by the funder/donor.