Charity registration number 1178339 IEngland and Wales) MADDI'S BUTTERFLIES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
MADDI'S BUTTERFLIES LEGAL AND ADMINISTRATIVE INFORMATION Trustees H Foster K Foster D Boardman S Allan (Chairl M Allan N Pask (Appointed 30 July 20241 Charty number 1178339 Prlnclpal address 3 Lords Crescent Lower Darwen Darnen Lancashire BB3 OSU Independent examiner PeterAtkinson F.C.A. JS. Accountants and Business Advisors Limited James House Yew Tree Way Warrington Cheshire WA3 3JD Bankers National Weslminsler Bank PIC Market Street Darwen Lancashi BB31BN
MADDI'S BUTTERFLIES CONTENTS Page Trustees, report Independent examiner's report ststement of financial activities Balance sheet Notes lo the financial statements 7-16
MADDI'S BUTTERFLIES TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2025 The trustees present their annual report and financial statements for the year ended 30 April 2025. The financial statements have been prepared in accordance with the accounting Policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 Objectives and activities The charity's objects are lo relieve the needs of young people with Neuroblastoma and other rare fomi$ of childhood cancers. their families and carers as the trLJStees shall determine. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustees are satisfied that they have complied with their duty lo have due regard to the guidance on public benefit published by the Commission In exercising their powers or duties. The charity continues lo strive to put a smile back on the faces of children suffering with Neuroblastoma or other rare forms of childhood cancer. Achievements and perfomiance During the year lo 30 April 2025, the Charity continued lo work on the key objectives previously identified.. sustainability and growth of the charity and delivery of our Smile Bags project. Having opened our second retail unit in Accringlon in the previous period, the aim of trustees was lo establish this as a reliable income source, in much the same way that the Prestwich shop is, for the charity. Whilst conditions were challenging, largely due lo matters outside of the control of the Iruslees, both shops continue to bring in funds and raise awareness of the charity. The Accrington unit was a¢quired on the basis that the local high street had good levels of footfall. However, various high street shops closed during the period, meaning that the shop wasn't as lucrative as we had initially assessed it might be. Consequently, trustees adjusted focus to lowering costs as well as other ways to promote footfall to the shop. This has improved over the last few months and will be reflected in the accounts for the period to 30 April 2026. The Prestw"ch shop continues lo deliver a strong performance. The Smile Bag project continues lo be immensely popular with stakeholders and 3, parties, and most importantly, the children they are provided to. They continue to be a pleasure to prepare and are an absolute key focus of the charity During the year to 30 April 2025, Smile Bags were mainly provided to children beginning their cancer treatment at a number of UK children's hospitals, including the Royal Manchester Children's Hospital, Alder Hey Children's Hospital and other oncology units across the UK. The bags let the children know that they are important and cared for during this lime. Grants continued to be sought to cover the costs of preparing the bags. Owing lo the challenges faced in rèlation to the opening of the Accrington retail unit, Iruslees tumed their focus to other ways of raising funds for the charity. Grant applications continue lo be made, bul competition for receipt of these is often fierce. Trustees also worked to develop a business plan for delivery lo potential corporate supporters seeking lo enhance their own ESG policies. and a list of targets were identified to enable us to present this and drum up support. This action came towards the end of this financial year, and outcomes are reflected in the year to 30 April 2026. The annual Parna Appeal ran during the year and continue to Teceive solid support. During thè year lo 30 April 2025 1,400 pairs of pyiamas were received as part of the annual appeal in December 2024 and these were provided, together with gifts lo children al the Royal Manchester Children's Hospital, Alder Hey Children's Hospital and other oncology units and hospices. The trustees recognise that the Pyjama Appeal remains lo be very popular. As with many in the sector, the charity has been affected by fiscal conditions, with a combination of rising costs and people having less disposable income to spend. We accept that there are challenges in the current fiscal environment, and we continue to adjust our overheads accordingly.
MADDI'S BUTTERFLIES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Finally, we welcomed Nicole Pask who joined the board of trustees in July 2024. Nicole has supported the charity for many years and is inslrumentsl in drumming up Ioc81 support. She has worked tirelessly over the past few years in a voluntsry capacity, and trusteès agreed that she would be a f8ntsstlC addition lo the team, as we focus on the increasing income from different sources. We also said goodbye to Stephen Cumbo, a founding trustee who resigned this year. Stephen was Maddi's headteacher, and we thank him for his support over the years. Chalr's flnanclal revlew We remain extremely grateful for everything our supporters and donors, both locally and nationally, do for Maddi's Butterfies. We rely so much on the goodwill of our supporters, which in tum enables us lo not only continue to ftjlfil our objectives, but to also expand our offering to help ease the suffering of as many children undergoing cancer treatment as we can. I note that fiscal challenges remain, bul Iruslees and I have endeavoured lo manage the risk of this, which will be reflected further in the accounts for the year lo 30 April 2026. Financial review The total incoming resources on unreslricled funds during the year amounted lo £112,75812024- £122,839). The total incoming resour$ on restricted funds during the year amounted to £2.00012024- £nill. The total resources expended on unrestricted funds during the year amounted lo £125,82612024- £138,358). Unrestricted fund balances al the year-end amounted to £34,361 12024- £48,938). The total resources expended on reslricled funds during the year amounted lo £5,01612024- £7,848). Restricted ftjnd balan$ al the year-end amounted to £nil12024- £1,307). ReseThes policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to betrmeen three and six months expenditure. The trustees considers that reserves al this level wll ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration Is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Major risks The trustees have a risk management strategy which comprises.. an annual review of the principal risks and uncertainties that the Charity faces. the establishment of poliryes, systems and procedures lo miligale those risks identified in the annual review. the implementation of procedures designed lo minimise or manage any potential impact on the charity should these risks materialise. This work has identified that financial sustainability of the Charity is the major financial risk for the Charity. structure. governance and management The charity was registered as a Charitsble Incorporated Organisalion on 10 May 2018.
MADDI'S BUTTERFLIES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 The trustees who served during the year and up lo the dale of signature of the financial statements were.. H Foster K Foster S Cumbo D Boardman S Allan (Chairl M Allan N Hall N Pask (Resigned 28 January 20251 (Resigned 28 January 20251 (Appointed 30 July 20241 Recmitn7ent and appointment of tnjslees The chair is responsible for the induction of new trustees. The induction provides new Iruslees with an awareness of their responsibilities, the goveming document and the history and philosophical approach of the charity. There are currently 6 Iruslees who meet quarterly, either face lo face or via other means. The Irust*s have assessed the major risks lo which the charity is exposed and are sats'sfied that systems are in place to miligale exposure to the major risks. The Trustees. report was approved by the Board of Trustees. S Allan (Chairl 27 February 2026
MADDI'S BUTTERFLIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MADDI'S BUThERFLIES I report lo the Iruslees on my examination of the financial slalements of Maddi's BUtteleS (the charity) for the year ended 30 April 2025. Responsibilities and basis of report As the Iruslees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Acll. I report in respect of my examination of the charity's financial slalements carried out under section 145 of the Charities Act 2011. In Carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examln&rfs statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me Cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. the financial slalements do not accord with those records", or the financial statements do not Comply wth the applicable requirements cOnrning the form and content of financial statements set OLJt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, ¥Nhich is not a matter considered as part of an independent examination. I have no COnrnS and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Peter Atkinson F.C.A. JS. Accountants and Business Advisors Limited James House Yew Tree Way Warrington Cheshire WA3 3JD 2710212026 Date..
MADDI'S BUTTERFLIES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025 Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds fund$ 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Activities for generating funds Investments 11,887 2,000 13,687 17,564 17,564 100,831 240 100,831 240 104,843 432 104,843 432 Totsl Income 112,758 2,000 114,758 122,839 122,839 Expenditure on: Costs of generating funds Charitable activities 121,863 3,763 121.863 8,779 136.308 2,050 136.308 9,898 5,016 7,848 Total expenditure 125,826 5,016 130,642 138,358 7,848 146,206 Net expendlture 112,8681 13,0161 115,8841 115,5191 17,8481 123,3671 Transfers between funds 11,7091 1,709 Net movement in funds 114,5771 11,3071 115,8841 115.5191 17,8481 123,3671 Reconciliation of funds- Fund balances at 1 May 2024 48,938 1,307 50,245 64,457 9,155 73,612 Fund balances at 30 Aprll 2025 34,361 34.361 48.938 1,307 50,245 The statement of financial activities includes all gains and losses recognised in the year. Al income and expenditure derive from continuing activities.
MADDI'S BUTTERFLIES BALANCE SHEET ASAT30APRIL 2025 2025 2024 Notes Fixed assets Intangible assets Tangible assets 11 12 1,296 16,123 1,620 19,127 17,419 20,747 Currgnt assets Stocks Debtors Cash at bank and in hand 13 14 3,500 3,173 15,900 3,500 8,396 24,816 22,573 36,712 Creditots- amounts falling due within one year 15 15,6311 17,2141 Net current assets 16,942 29,498 Total assets less current liabilitios 34,361 50,245 The funds of the charity Restricted income funds Unrestricted funds 18 1,307 48,938 34,381 34,381 50,245 The financial statements were approved by the Iruslees on 27 February 2026 S Allan (Chairl
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accounting policies 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's goveming document, the Charities A¢1 2011 and "Accounting and Reporting by Charities." Stslemenl of Recommended Practice applicable lo Charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The financial stslemenls are prepared in slerfing, which is the functional curren¢y of the charity. Monetary amounts in these financial ststements are rounded to the nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Golny concern Al the lime of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existen for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting In preparing the financial stslemenls. 1.3 Charltable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objedives. Reslricled funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slalements. Endowment funds are subject to specific conditions by donors that the capitsl musl be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to Vc after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance condrtions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on re¢eipt or otherwise rf the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure ReSoUrS expended are recognised in the period in whi¢h they are paid and include attributable VAT which Cannot be recovered. here resour$ expended relate to a specific activity, the cost has been directly allocated to that activity when the amount is paid. Support costs have been allocated lo the activities on a basis consistent wth the level of income received on each activity.
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 Accountlng pollcles Icontlnuedl 1.6 Intsnglble fixed assets other than goodwlll Intangible assets acquired separately from a business are recognised at cost and are subsequently measured al cost less accumulated amortisation and accumulated impaimienl losses. Amortisation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Soare 15% per annum on a straight line basis 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost, nel of depreciation and any impairment losses. Tangible fixed assets are stated at cost less depreciation. Depreaation is provided at rates calculated lo write off the cost less estimatèd residual valuè of each asset over ils expècted useful lifè, as follows." Fixtures and fittings 150/0 per annum on a reducing balance basis The gain or IDSS arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.8 Impairment of fixed assets Al each reporting end dale. the charity reviews the carrying amounts of ils tangible and intangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss lif anyl. 1.9 Stocks Stocks are ststed at the lower of cost and eslimaled selling pri less costs to cornplele and sell. 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call wth banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 1.11 Flnan¢lal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of ils finanaal inslrumenls. Financial instruments are recognised in the eharily's balance sheet when the charity becomes party lo the conlraclual provisions of the inslrumenl. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforable right to set off the recognised amounts and there is an intention to sellle on a nel basis or to realise the asset and setue the liability simultaneously. BosiTC financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price Including transaction costs and are subsequently carried al amorb.sed cost using the effective interest method unless the arrangement Conslilules a financing Iransaclion, where the transaction is MeaSud at the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised.
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 Accountlng pollcles Icontlnuedl Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are sellled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another enb"ty, or If some significant risks and rewards of ownership are retained bul control of the asset has transferred lo another party that is able lo sell the asset in Its entirely lo an unrelated third party. BasiTC financial liabilitses Basic financial liabilities, including creditors are initially recognised al transaction price unless the arrangement Conslitules a financing transaction, where the debt instrument is measured al the present value of the ftjlure payments discounted al a market rate of interest. Financial liabilities Classified as payable within one year are not amortised. Trade creditors are obligations lo pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current Iiabililies. Trade creditors are recognised Initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.12 Employee beneflts The cost of any unused holiday enlittement is recognised in the period in which the employee's services are received. Temination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide lerminalion benefits. Donations and legacies Unrestricted Restricted funds funds Total Unrestricted funds 2025 2025 2025 2024 Donations and gifts Grants reIV2b1e 11,687 11.687 2,000 17,564 2,000 11.687 2,000 13,687 17,564
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 Income from activities for generating funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising events Shop income 423 100,408 104,843 Other trading activities 100,831 104,843 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 240 432 Expendltur& on costs of generatlng funds Unrestrlcted Unrestrlcted funds funds 2025 2024 Fundraising and publicty Other fundraising costs 348 216 Trading costs Operating charity shops Depreciation and impaimient Support costs 38,728 3,421 79,366 42,725 1,974 91,393 121,515 136,092 Total costs 121,863 136,308 10-
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 Expenditure on charitable activities Unrestricted Unrestricted funds funds 2025 2024 Direct Costs Depreciation and impaimienl Gifts provided Other costs 188 4,828 3,763 188 7,660 2,050 8,779 9,898 Analysis by fund Unrestricted funds Restricted funds 3,763 5,016 2,050 7,848 8,779 9,898 Support costs Support Governance costs costs 2025Support costs Govemance costs 2024 Staff costs Printing IT Software Consultsncy Accountancy Legal and professional 75,275 2,463 1,041 75,275 2,463 1,041 78,180 6,935 1,020 40 78,180 6,935 1,020 40 3,394 1,824 587 587 3,394 1,824 78,779 587 79,366 86,175 5,218 91,393 Analysed beeen Trading 78,779 587 79,366 86,175 5,218 91,393 Governance costs includes payments lo the accountsnts of £58712024- £1,525) for independent examination fees. Net movement In funds 2026 2024 The nel movement in funds is slated after chargingllcredilingl.. Depreciation of owned tangiblè fixed assets Amortisation of intangible assets 3,285 324 1,892 270
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 Trustees One of the trustees received remuneration during the year of £23,831 12024 - £23,295). None of the trustees reiVed any benefits or expenses from the charty during the year. 10 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Chari(able activities Management Total Employment costs 2025 2024 Intages and salaries 75,275 78,180 There were no employees whose annual remuneration was more than £60,000. 11 Intangible fixed assets Software Cost Al 1 May 2024 and 30 April 2025 2,160 Amortlsatlon and Impalmi&nt At 1 May 2024 Amortisation charged for the year 540 324 AI 30 April 2025 864 Carrying amount AI 30 April 2025 1,296 At 30 April 2024 1,620 12-
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 12 Tangible fixed assets Fixtur8s and fitting5 Cost At 1 May 2024 Additions 26,561 281 At 30 April 2025 26,842 Depreclatlon and Impalrment Al 1 May 2024 Depreciation charged in the year 7,434 3,285 AI 30 April 2025 10,719 Carrying amount AI 30 April 2025 16,123 AI 30 April 2024 19,127 13 Stocks 2025 2024 Gifts and consumables 3,500 3,500 14 Debtors 2025 2024 Amounts falling due within one year: Other debtors Prepayments and accrued income 900 2,273 1,367 7,029 3,173 8,396 15 Creditors- amounts falling due within one year 2025 2024 Notes Other taxation and social security Deferred income Trade creditors Other creditors Accruals 1,249 400 1,751 161 2,070 650 16 4,767 154 1,643 5,631 7,214 13-
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 16 Deferred incorne 2025 2024 Other deferred income 400 Deferred income is included in the financial statements as follows.. 2025 2024 Deferred income 1$ included rithIn.. Current liabilrf(ies 400 Movements in the year.. Deferred income al 1 May 2024 Resour$ deferred in the year 400 Deferred income al 30 April 2025 400 17 Retirement benefit schemes Defined contribution schemes The charity operates a defined contribution pension schème for 811 qualifying employees. The assets of the scheme are held separately from those of the charty in an independently administered fund. 14-
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 18 Restricted funds The income funds of the charity include restricted fvnds comprising the followng unexpended balances of donations and grants held on trust for specAfic purposes". At 1 May 2024 Incoming resources Resources expended Transfers At 30 April 2025 Funds provided for the provision of Smile Bags 1.307 2,000 15,0161 1,709 Prnvious yoar: At 1 May 2023 Incoming resources Resources expended Transfers At 30 Aprll 2024 Funds provided for the provision of Smile Bags 9,155 17,8481 1,307 19 Analysls of net assets between funds Unrestrl¢ted funds 2025 Re$trlctsd funds 202S Total 2026 At 30 Aprll 2025: Intangible fixed assets Tangible assets Current assetsllliabililiesl 1,296 15,591 17,474 1,296 16,123 16,942 532 15321 34,361 34,361 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 30 Aprll 2024: Intangible fixed assets Tangible assets Current assetsllliabililiesl 1,620 18,407 28,911 1,620 19,127 29,498 720 587 48,938 1,307 50,245 15-
MADDI'S BUTTERFLIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2025 20 Operating lease commitments Al the reporting end dale the charity had oulslanding commitments for future rninimum lease payments under non-cancellable operating leases, which fall due as follows.. 2025 2024 Within one year Between two and five years In over five years 28,800 89,900 32,500 28,800 115,200 36,000 151.200 180,000 21 Related party transactions Other than trustees, remuneration as disclosed in note 9 there were no other related paty transactions. 16-