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2024-06-30-accounts

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024 Company Registration No. (England and Wales)

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr P N Burnett
Mr G M A Leeder
Mr P C Nathan MBE
Mr G P Goodier
Mr D J Reynolds
Mr N P Martin
Mrs L A Clark
Charity number 1181428
Principal address 257 Alchester Road South
Kings Heath
Birmingham
West Midlands
B14 6DT
Independent examiner Champion TLL Limited
7-9 Station Road
Hesketh Bank
Preston
Lancashire
PR4 6SN
Bankers Lloyds Bank
120 Lewisham High Street
Lewisham
London
SE13 6JG

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 12

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

The trustees present their annual report and financial statements for the year ended 30 June 2024.

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 Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objects of the Foundation are the relief of sickness and preservation and protection of health by:

  1. Supporting research into brain tumours and paediatric cancers and the dissemination of the useful results of such research for the public benefit

  2. Providing or assisting in the provision of laboratories and equipment for the purposes of brain tumour and paediatric cancer research

  3. Relieving the needs and helping young people suffering from a brain tumour or paediatric cancer

  4. Working with charities and other organisations to support individuals, children and and families affected by a brain tumour or paediatric cancer

Public benefit

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Achievements and performance

Charitable activities

Having obtained Charity registration, in January 2019, the Foundation was formally launched at the Annual Convention of Lions Clubs International in the British Isles held in Swansea in May 2019.

On the 26th July 2019 the Trustees entered into a Partnership Agreement between Lions Clubs International of the British Isles and Brain Tumour Research, acknowledging that Brain Tumours are indiscriminate. What's more, they kill more children and adults under the age of 40 than any other cancer. Together, we are determined to change this through a partnership to positively impact and improve the lives of children affected by brain tumours.

Following its discovery in late 2019 as a new strain of coronavirus disease, COVID-19 developed into a worldwide pandemic resulting in severe restrictions on social interactions being imposed by authorities around the world. These restrictions have resulted in a significant reduction in economic activity.

The changes that were implemented, because of the coronavirus threat, led to the closing down of many parts of society; Lions Clubs and individual members were not immune from these changes.

The war in the Ukraine and the following ‘cost of living’ crisis has led to continuing difficulties for many charities and we are indebted to those Lions Clubs and individuals who continued to support the Appeal in the most trying of times, however, the income generated and received has been well short of expectations, as a direct consequence.

I am pleased to acknowledge the hard work, dedication and commitment of those individuals who have worked to bring us to this point. We are very much aware, from the stories we have been told by Lions from across the British Isles that, every day, lives are being devastated and many people are living without hope.

We are determined to contribute to changing this: we have accepted the challenge, though do not underestimate its magnitude in the post Covid-19 world.

Fundraising activities

Recent years, including the year under review, have been challenging for the entire charity sector, with ongoing austerity, wider financial uncertainty, increased media scrutiny, new regulations, and high-profile allegations of misconduct. We want to be a leader in good fundraising practice,

Financial review

The finances of the trust operated on a sound basis through previously established bank accounts. Income and donations, in the year income from operations totalled £37,744.

During the year, the trust maintained a tight control over its cashflow and projected expenditure. The Trustees are acutely aware of the financial risks and review the cash flow at least monthly.

At the year end the reserves consisted of restricted funds totaling £15,103 and unrestricted general fund of £17,178.

Reserves policy

The Trustees are required to set a policy regarding the reserves requirements in order to help ensure sustainability of the charity in the event that income decreases, to ensure that costs can continue to be met and the charity continue with its day-to-day activities with limited disruption. The Trustees would endeavor to maintain 3 - 6 months' worth of running costs within general funds, however, the first four years operations cannot be considered ‘typical’ years, the level of ongoing costs required needs to be established. Once this level is set the Trustees will endeavor to set reserves at this amount, after accounting for restricted funds held and anything above this level can then be paid out as grants, unless ringfenced for other purposes.

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Plans for future periods

As noted above the charity will continue with its programme, accepting that the restrictions referred to will inevitably lead to a longer period of fundraising.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The trustees who served during the year and up to the date of signature of the financial statements were: Mr P N Burnett

Mr G M A Leeder Mr P C Nathan MBE Mr G P Goodier Mr D J Reynolds Mr N P Martin Mrs L A Clark Mr James Mathers (Appointed 1 July 2023 and resigned 30 June 2024)

Recruitment and appointment of new trustees

1.1 Apart from the first charity trustees, every appointed trustee will be appointed for a term not exceeding four years by a resolution passed at a properly convened meeting of the charity trustees.

1.2 In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

1.3 Before appointing any trustees, the charity trustees for the time being must obtain the prior written approval to the proposed appointments from the Council Chairman (or the person acting as Council Chairman for the time being).

Decision making

The Trustees will seek to develop a professional, well managed and proactive charity in line with good business practice.

Trustees oversee governance, agree strategy and the direction of the Charity, they approve financial accounts, budgets and reserves and approve research grants and risk management policies.

The Trustees actively review the major risks that the Foundation faces and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The Trustees examine operational and business risks faced by the Foundation and confirm that these are kept under regular review.

The trustees' report was approved by the Board of Trustees.

.............................. Mr P C Nathan MBE Trustee

04/04/2025 Date: .............................................

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

I report to the trustees on my examination of the financial statements of LCI MD105 Brain Tumour & Paediatric Cancer Foundation (the charity) for the year ended 30 June 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements 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 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

P. Buck

Peter Buck FCA DChA Champion TLL Limited

7-9 Station Road Hesketh Bank Preston Lancashire PR4 6SN

04/04/2025 Dated: .........................

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted
Restricted
Total
Unrestricted
Restricted
funds
funds
funds
funds
2024
2024
2024
2023
2023
Notes
£
£
£
£
£
Income from:
Donations and legacies
2
-
34,683
34,683
-
54,679
Other trading activities
3
2,690
2,723
5,413
2,009
2,254
Investments
4
338
-
338
-
-
Total income
3,028
37,406
40,434
2,009
56,933
Expenditure on:
Charitable activities
5
-
52,681
52,681
-
55,102
Total expenditure
-
52,681
52,681
-
55,102
Net income/(expenditure) and
movement in funds
3,028
(15,275)
(12,247)
2,009
1,831
Reconciliation of funds:
Fund balances at 1 July 2023
14,150
30,378
44,528
12,141
28,547
Fund balances at 30 June
2024
17,178
15,103
32,281
14,150
30,378		 Total
2023
£
54,679
4,263
-
58,942
55,102
55,102
3,840
40,688
44,528

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

BALANCE SHEET

AS AT 30 JUNE 2024

Notes
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
The funds of the charity
Restricted income funds
13
Unrestricted funds
14		 2024
£
3,706
30,040
33,746
(1,465)		 £
32,281
15,103
17,178
32,281		 2023
£
9,234
36,635
45,869
(1,341)		 £
44,528
30,378
14,150
44,528

04/04/2025

The financial statements were approved by the trustees on .........................

G P Goodier

.............................. .............................. Mr P C Nathan MBE Mr G P Goodier Trustee Trustee

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

Charity information

LCI MD105 Brain Tumour & Paediatric Cancer Foundation is an unicincorporated charity which is controlled by its governing document, a Deed of Trust.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted 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 statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it 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 conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if 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.

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial 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 its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services 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 liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at 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.

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

1.8 Taxation

The charity is exempt from tax on its charitable activities.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Income from donations and legacies

Restricted Restricted
funds funds
2024 2023
£ £
Donations and gifts 34,683 54,679

3 Income from other trading activities

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Fundraising events
1,755
-
Sponsorships and social
lotteries
-
2,723
Other income
935
-
Other trading activities
2,690
2,723		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
1,755
125
-
2,723
-
2,254
935
1,884
-
5,413
2,009
2,254		 Total
2023
£
125
2,254
1,884
4,263

4 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 338 -

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

5 Expenditure on charitable activities

Direct costs
Postage,stationery and design
Independent examination fee
250 Club
Grant funding of activities (see note 6)
Analysis by fund
Restricted funds
6
Grants payable
Grants to institutions:
Brain Tumour Research
-
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
8
Trustees		 2024
£
240
1,140
1,301
2,681
50,000
52,681
52,681
2024
£
50,000
2024
£
1,140		 2023
£
369
1,121
1,112
2,602
52,500
55,102
55,102
2024
£
52,500
2023
£
1,116

There were no trustees' expenses paid for the year ended 30th June 2024 (nor 2023).

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Total - -

There were no trustees' remuneration or other benefits for the year ended 30th June 2024.

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Debtors

11
Debtors
Amounts falling due within one year:
Trade debtors
12
Creditors: amounts falling due within one year
Accruals and deferred income		 2024
£
3,706
2024
£
1,465		 2023
£
9,234
2023
£
1,341

13 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2023 Incoming Resources At 30 June
resources expended 2024
£ £ £ £
Donations 30,378 37,406 (52,681) 15,103
Previous year: At 1 July 2022 Incoming Resources At 30 June
resources expended 2023
£ £ £ £
Donations 28,547 56,933 (55,102) 30,378

The restricted fund balance relates to amounts to be paid out in future grants for brain tumour resaerch.

LCI MD105 BRAIN TUMOUR & PAEDIATRIC CANCER FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

14 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2023 Incoming At 30 June
resources 2024
£ £ £
General funds 14,150 3,028 17,178
Previous year: At 1 July 2022 Incoming At 30 June
resources 2023
£ £ £
General funds 12,141 2,009 14,150
15 Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 June 2024:
Current assets/(liabilities) 17,178 15,103 32,281
17,178 15,103 32,281
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 30 June 2023:
Current assets/(liabilities) 14,150 30,378 44,528
14,150 30,378 44,528

16 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

2024 Accounts for LCIMD105 Brain Tumour Pediatric Cancer Foundation

Final Audit Report

2025-04-04

Created: 2025-04-04 By: Champion TLL (preston@championgroup.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAk7PmFGb0uZcau5dRrCC4ldH5w3VD0xnr

"2024 Accounts for LCIMD105 Brain Tumour Pediatric Cancer F oundation" History

Document created by Champion TLL (preston@championgroup.co.uk)

2025-04-04 - 14:32:18 GMT

Document emailed to pidphil@yahoo.co.uk for signature

Email viewed by pidphil@yahoo.co.uk

2025-04-04 - 14:52:29 GMT

2025-04-04 - 15:09:27 GMT

Document e-signed by Philip Charles Nathan MBE (pidphil@yahoo.co.uk)

Signature Date: 2025-04-04 - 15:09:29 GMT - Time Source: server

Document emailed to philipgoodier55@gmail.com for signature

2025-04-04 - 15:09:31 GMT

Email viewed by philipgoodier55@gmail.com

2025-04-04 - 15:23:31 GMT

Signer philipgoodier55@gmail.com entered name at signing as G P Goodier

2025-04-04 - 15:45:23 GMT

Document e-signed by G P Goodier (philipgoodier55@gmail.com) Signature Date: 2025-04-04 - 15:45:25 GMT - Time Source: server

2025-04-04 - 15:45:33 GMT

Agreement completed.

2025-04-04 - 16:08:50 GMT