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2023-03-31-accounts

The Ruth Strauss Foundation A charitable company limited by guarantee.

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS 31 March 2023

The Trustees

are appointed in accordance with the Terms and Conditions contained in the Charity’s Memorandum and Articles of Association. Trustees who served during the year and up to the date of this report are: Sir Andrew Strauss Dr Sandra Strauss Rachel Patton Angus Fraser MBE Denise Fraser Phil Glyn-Smith Terry Grote OBE Mike Altendorf James Niblett Stuart Hale (appointed 15 March 2023) James Hytner (appointed 17 May 2023)

Company Secretary

Denise Fraser

Chair

Terry Grote OBE

CEO

Ines Thiru

Advisors to the Ruth Strauss Foundation (RSF) Family Support Advisory Group:

Dr Hilary Plant Jenni Thomas OBE Dr Sandra Strauss Rachel Patton Professor Emma Ream

Fundraising Advisory Group:

Chris St George Jim Hytner Angus Fraser MBE Mark Davies

Finance Advisory Group:

Ian Lovett James Niblett Phil Glyn-Smith Ian Courts

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Company Registration No. 11882736 | Charity Registration No. 1183221

Governance, Tech and Legal Advisory Group:

Matthew Hartley Ian Lovett Mike Altendorf Chris Walsh Kate Parkinson Stuart Hale

Scientific Advisory Group:

Dr Martin Forster Professor Sanjay Popat Professor Andrew Nicholson Dr Sandra Strauss Victoria Anderson Peter Barton

Charity Company Details

Registered Office Unit F Whiteacres Cambridge Road Whetstone Leicestershire LE8 6ZG

Auditor

RSM UK Audit LLP Chartered Accountants 25 Farringdon Street London EC4A 4AB

Bankers

Lloyds Bank PO Box 1000 Andover BX1 1LT

Company Number & Charity Registration Number

11882736 - 1183221

Website

https://ruthstraussfoundation.com

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FOREWORD FROM THE FOUNDER –

SIR ANDREW STRAUSS

In December 2018, when Ruths treatment had stopped working and we knew she had very limited time, we sat down and had a discussion about what good could come out of the awful ordeal we were faced with. On an A4 piece of paper Ruth wrote down her vision for the creation of a charitable foundation. This remains to this day as the blueprint for our charity: helping families open up about grief and consciously prepare for the death of a parent; and raising awareness into non-smoking lung cancers advocating for more focus and investment including funding research which improves patient outcomes.

We are continually inspired by the support and new connections to those who are living with a terminal diagnosis themselves and those with lived experiences. Jenny Abbott, Gini Harrison, Cameron Miller, Debra Montague, Nicola Owen, Jennifer Pope, Angela Terry, Sam and Matt Walton – to name but a few. We are grateful for their passion and commitment to help us make a meaningful difference for families and patients across the UK. It’s through the collective capacity of these inspirational people, our dedicated team, our supporters, our partners, our communities, our advisors, and our ambassadors, that we are creating positive change in fighting the lung cancers you don’t hear about and supporting the suffering you don’t see.

We are in the second year of our three-year strategy: Ruth’s Legacy, and our commitment to deliver our mission grows with each family we touch.

With your help we have set up our Family Support Service and we are building on its success; we have launched a Training Programme for healthcare professionals to enable them to confidently support parents who receive that heart-breaking terminal cancer diagnosis; and we continue to advocate for more awareness and research into non-smoking lung cancers, building strength through collaborations. All this, just four years since the Charity’s inception.

We have set our ambitions high and are committed to achieving Ruth’s vision - only possible with your continued support, and the trust of those whose paths we cross. There is a long way to go, with so many people to reach and lessons to learn as we progress our mission. So, whether you are on this journey with us already, or are considering joining us – thank you for your consideration and your generosity of time, funds, and encouragement.

The boys and I will forever be grateful and humbled by the overwhelming support that has enabled us to build Ruth’s Legacy.

Sir Andrew Strauss

Founder, Ruth Strauss Foundation

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Company Registration No. 11882736 | Charity Registration No. 1183221

CHAIRMAN’S REVIEW OF THE YEAR – TERRY GROTE, OBE

The last 12 months has been another transformative year in the life of the Ruth Strauss Foundation.

A key focus has been on building our supporter base and developing sustainable fundraising income streams, in addition to developing our infrastructure. All crucial for the efficient and effective delivery of our mission. We have allowed time to develop and establish our impactful programmes and have been evaluating their effectiveness. This has included investment in research, pilot programmes and evaluation processes to ensure our initiatives align with our mission and produce meaningful outcomes. I am delighted with the results of the independent evaluation of our Training Programme for health and care professionals and look forward to seeing the programme roll out in the coming years, allowing us to build the skills and confidence of those we train working within the NHS and other care settings. In addition, I am very pleased that the Board has made the decision to support the launch of RSF Research Grants Programme in 2023, that will focus on improving the care and experiences of those diagnosed with non-smoking lung cancer.

We continue to foster positive relationships with stakeholders, including donors, beneficiaries, and our community of partnerships, building trust in RSF. Our annual Friends Event brings our supporters together to acknowledge support and share our progress. This has resulted in more partnership opportunities, and stronger ties to RSF.

In July we were hosted by the Royal Household at Windsor Castle. By gracious permission of Her Majesty The Queen, the Royal Household Cricket Club welcomed The Ruth Strauss Foundation to Frogmore as part of the celebrations for Her Majesty’s Platinum Jubilee. It was a great honour for the Foundation to have been recognised and enjoy; a great day that was had by all.

I would like to thank our very special and transformational partners: ECB, MCC, Sky Sport Cricket and Two Circles. Their commitment and ongoing support has been instrumental for the Foundation, alongside that of all other supporters of the cause.

As we approach a new year and with our foundations in a good place, we are all excited to accelerate our Mission Delivery Programme to reach more families, healthcare professionals and patients. I have no doubt that with the unrivalled performance from ‘Team Red’ - our committed, passionate and talented executive; the continued support of our Board of Trustees; and the specialist advice from the members of our dedicated Advisory Groups that we will be reporting strong results next year.

Finally, during the year we were also delighted to promote our former Head of Marcomms to become our CEO. Ines Thiru was a very close friend of Ruth’s and epitomises the culture and passion that the Foundation strives to achieve.

We look forward to your continued trust and support.

Terry Grote OBE Chairman, Ruth Strauss Foundation

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Company Registration No. 11882736 | Charity Registration No. 1183221

INTRODUCTION

The Trustees present their report together with the consolidated financial statements of the Group and Charity for the year ended 31 March 2023. The Charity was incorporated as a company limited by guarantee on 14 March 2019 and registered as a charity on 1 May 2019.

The consolidated financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charity’s governing document, the Companies Act 2006, 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 (FRS102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trustees are also Directors of the Company for the purposes of company law. The Board of Trustees has sub committees, referred to as Advisory Groups, who advise the executive team on recommendations to the Board. The Board aims to meet once per quarter in face-to-face meetings and by conference call when required or circumstances dictate, subject to requirements.

The principal office of the charity is Unit F Whiteacres, Cambridge Road, Whetstone, Leicestershire LE8 6ZG.

Recruitment and Selection of Trustees Procedure

The Board will regularly assess its composition and identify the skills, expertise and diversity needed to enhance its effectiveness.

Should a vacancy on the Board of Trustees arise, the Board will advertise the position and consider individuals who may have been identified as potential candidates via contacts.

Candidates selected will be interviewed by the Chairman and the Founder to ensure best candidate selection. When selected, a candidate will then be proposed to the Board for coopting or appointment.

Trustee Induction and Training

The Foundation’s Trustees are all familiar with the practical work of the Charity and their responsibilities as Trustees. The RSF CEO meets with the Trustees every two to three months to update the Board against our strategic priorities and present the financial report.

From September 2023, all Trustees will have Safeguarding Training annually by an external safeguarding consultant.

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Company Registration No. 11882736 | Charity Registration No. 1183221

A Trustee’s Governance Manual (i.e. policy handbook) is being created with the support of charity lawyers BDB Pitmans. This will include an overview of the Foundation’s Purpose, Values, Vision, Mission Statement and Governance Framework (Policies). A training session will follow to review the Charity’s key legal governance requirements and considerations.

Committees

For the avoidance of doubt, an Advisory Group is a committee for the purposes of the articles of association of the Foundation.

There are currently five committees, referred to as Advisory Groups, with respective terms of reference in place which comply with the Articles. Deliberations of any Advisory Group are reported regularly to the Trustees. Advisory Groups meet bi-monthly. Responsibilities include:

RSF’s five Advisory Groups are:

Key Management Personnel

The Board of Trustees is responsible for the overall direction and financial affairs of the Charitable Company. The Foundation’s affairs are conducted on a day‐to‐day basis by the RSF CEO and the Executive Team.

The setting of all pay and remuneration for key managerial personnel is carried out by the Chairman and Founder, in consultation with the CEO, to deliver the RSF Strategy and Mission. Annual inflationary increases for all employed personnel are advised by the Finance Advisory Group.

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Company Registration No. 11882736 | Charity Registration No. 1183221

Public Benefit Statement

The Trustees have considered the Charity Commission published guidance and consider that the Charity operates for the public benefit.

RUTH'S LEGACY: OUR MISSION

We have a dual mission laid out in our organisational strategy “Ruth’s Legacy”:

To ensure that every family with a child facing the death of a parent is offered the professional emotional support they need to prepare for the future ,

To facilitate collaboration and influence research in the fight against non-smoking lung cancers, so that together we find the causes sooner and improve outcomes.

We meet our Mission through five strategic priorities:

Our three core principles to help us deliver our mission on solid foundations are:

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A YEAR OF GROWTH AND IMPACT

Family Support Service the

trusted destination for pre-bereavement support

Between April 2022 and March 2023, the Charity focused on enhancing its Family Support Service which supports families where a parent has cancer that cannot be cured. The service supports:

The service provides one-to-one appointments to parents or primary caregivers (referred to as parents in this report). The rationale for focusing on the parents is that the parents are best placed to support their own children. In addition, this can help create a continued bond with the parent who dies, as well as with the surviving family members. By guiding parents on how to communicate with their children openly and honestly about their incurable cancer diagnosis, the child will be better prepared, and more resilient, to navigating the period between anticipatory grief and bereavement.

The service strives to offer high-quality, professional and tailored one-to-one support for parents. To maintain these standards, we:

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Company Registration No. 11882736 | Charity Registration No. 1183221

To grow and develop our service offerings, two new initiatives were designed, led and facilitated by one of our Practitioners (Psychotherapist):

The pilot Support Group for Teenagers ran in October and December of 2022. Teenagers whose parents have received one-to-one support from RSF, and where the teenager has been informed by their parents of their prognosis, were invited to join the group. The first group met for four weeks, with four teenagers aged 13 to 15 years old. With four weeks being felt to be too short by the teenagers surveyed in the first group, the second group, which started in December of 2022, had three teenagers over a total of six weeks. The groups were held virtually (Zoom) and were facilitated by our Practitioner (Psychotherapist). Based on the feedback, the teenagers felt the groups to be very valuable.

The second initiative was the piloting of two Support Groups for Parents whose partner has cancer that cannot be cured. The first group met for eight weeks and the second for six weeks. The parents reported finding the groups very beneficial in that they met other parents and partners in the same circumstances and found this to help them not feel alone and isolated in their situation. These groups were held virtually (Zoom) once again. Both groups were successful initiatives. Having a therapeutic facilitator was key to their success.

The direct one-to-one support along with the peer support groups for teenagers and parents allowed the Charity to meet its objective of ensuring that families with a child facing the death of a parent are offered the professional emotional support they need to prepare for the future. The service ensures parents can prepare themselves and their child(ren) for the parent's death. Through our services, we are also raising awareness among health and care professionals and society of the importance of pre-bereavement support and the need to prepare children for parental death.

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Plans for the future

To continue to build on the success and scale of the Family Support Service and Peer Support Groups, we will grow our mission delivery staff with the recruitment of a full-time Service Lead , who will report to our Head of Mission Services. The role will focus on the overall delivery of pre-bereavement support (i.e. RSF Family Support Service) across the Charity, ensuring programme quality. To ensure the service is responsive and supportive of the unique needs and circumstances of our beneficiaries, we will explore ways in which we can gather feedback from those whom we have supported in order to learn from their experiences of our services and inform future service development.

We intend to further promote the service and aim to support over 150 parents through our one-to-one appointments in 2023-24 .

Resources

In 2022-23 we furthered our mission and objectives by developing two resources: a workbook titled This is About Me and You and Little C Club x RSF flashcards.

The workbook has been specially written to help communicate difficult information to children when a parent or primary carer is terminally ill. The book uses simple language that children can understand and encourages children to voice thoughts and fears. This activity book was written by Jenni Thomas OBE and Lynda Weiss for the Ruth Strauss Foundation.

The Little C Club x RSF flashcards were developed in partnership with the Little C Club, which was founded by mums Jennifer Pope and Nicola Owen. Both mums were diagnosed with secondary breast cancer. A teacher and nurse respectively, they wanted to find ways to support other parents in communicating with their children about a parent's cancer diagnosis and the many things this entails. We worked with them through 2021 and 2022 to design and launch a set of flashcards focused on our mission, to help communicate with children about a poor prognosis, death and dying. Jennifer sadly died in April 2022 and Nicola in June 2023. We feel privileged to have met these incredible women and have had the opportunity to work with them. We will continue to work with both of their families to continue their legacy.

Both sets of resources have been available on the Ruth Strauss Foundation website since August 2022, free of charge. By 31[st] March 2023 a total of 1,917 resources were ordered and shipped to parents and health, social care and education professionals:

These resources will continue to be offered to parents and professionals into the coming year.

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Company Registration No. 11882736 | Charity Registration No. 1183221

Training Programme for Healthcare Professionals Supporting the system to support families

In 2021, we completed the pilot of our healthcare professional (HCP) training programme called ‘No Conversation Too Tough’ for cancer and palliative professionals. A total of three training days were held during which we trained 36 HCPs working in cancer and palliative care. This supports the Foundation’s wider mission to support the system to support families . Research shows that there is a gap in the provision of pre-bereavement support for families, and HCPs can play a crucial role in supporting and guiding patients with dependent children when a parent's cancer is incurable.

The training programme has been designed to equip health care professionals with the skills, knowledge, and enhanced confidence to assess the readiness of their patients to tackle those tough conversations, to manage those conversations sensitively and signpost to further support where necessary.

The pilot programme has been evaluated independently by the University of Surrey with findings demonstrating how effectively the training addresses current gaps in prebereavement support for parents and their children. The Charity received the report in July 2022. A total of 35 of the 36 delegates who were trained consented to take part in the evaluation. The evaluation found that:

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Company Registration No. 11882736 | Charity Registration No. 1183221

Here is a quote from a Breast Cancer Clinical Nurse Specialist who attended one of the pilot training days and has since applied to one of the Foundation’s facilitators for the training programme:

“ Being on the Ruth Strauss Foundation training programme has really enhanced my practice. I feel more confident to broach the conversation about children that it's very sensitive, it's hugely emotive, and it's often a subject that actually we want to brush under the carpet because it's a bit painful. But being on the Ruth Strauss Foundation training programme gave me the skills and the confidence to reinforce what we do in practice, to make that really help us as clinical specialists”.

We also received clear direction that the courses should continue to be facilitated by two professionals and that in-person training days were felt to be more effective than online. We used the findings of the evaluation and the feedback from those delivering the training to restructure the content over 2022 to ensure we could fit all the required elements into a one day face-to-face training day, with an e-learning module. The e-learning content allows the theory and knowledge aspects of the training to be completed ahead of attending a training day. We worked with FrontLine Communication to develop and host the e-learning modules. We delivered the new training format in March 2023 and held two further training days, training a total of 63 professionals.

We successfully applied to the Health Foundation to run Schwartz Rounds. This will support us in hosting a community of practice, which will allow us to keep the learning alive with all those we have trained.

Plans for the future

To recruit a team of facilitators with a background in cancer or palliative care or children’s bereavement. We will train and induct them, rolling out the training programme over 202324 with the aim of training 400 HCPs. We will also train our staff and facilitators in the Schwartz Round approach through 2023-24. We will consider if in the following year 2024-25 we could host a conference to bring together those we have trained to offer continued support. We will explore how we could support the school community, children and young people through the school community when a parent has incurable cancer.

NON-SMOKING LUNG CANCERS Connect the Field | Influence more focus and investment

The Charity continued its aims and objectives across its work in non-smoking lung cancers. Some key Non-Smoking Lung Cancer (NSLC) mission milestones for the Charity:

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Company Registration No. 11882736 | Charity Registration No. 1183221

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Plans for the future

FUNDRAISING

Sustainable, Scalable Delivery

In 2022/2023, the total fundraised income for the Ruth Strauss Foundation was £2,532,363. The Foundation is registered with the independent Fundraising Regulator in England, Wales and Northern Ireland. We have not received any complaints from supporters that have not been able to be resolved by the Executive Team.

The majority of this income was generated through the hugely successful inaugural #RockforRuth event featuring Ed Sheeran which raised a tremendous £1,462,297. This was held at Wormsley Cricket Club where we were joined by philanthropists, supporters and celebrities including Michael McIntyre and Ed Sheeran. The auction included an exceptional lot bid of £650,000. The event was attended by over 300 guests, enabling the charity to showcase our mission work to some key influencers as well as fundraise.

RedforRuth, our annual flagship fund and awareness raising event, was not as large an income generator as in the previous year which enjoyed a post-pandemic enthusiasm for live events. The event was also hindered by the Test match being shorter due to rain and the run of play. However, it continued to build the charity’s presence through the exposure on Sky Sports. We received 36 new mission related enquiries following the event. We nearly doubled our engagement on Instagram, one of the social media channels that RSF is intensifying its focus on to widen our exposure for both fundraising and mission messaging.

We tested new fundraising platforms and methods to help grow our income. We used ‘tap to give’ technology to enable donations via card instead of cash and trialled our ‘digital shirt’ campaign, raising further funds through social media.

We continued to build on our events programme, with a dinner at Lord’s famous Long Room and a day of golf with Sir Andrew and other guests. These events are an annual fixture, generating sustainable year-on-year income.

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Company Registration No. 11882736 | Charity Registration No. 1183221

We further developed relationships within corporates and received considerable value-inkind support. We were supported by 66 corporate partner volunteers during our flagship #RedforRuth fundraiser, which was more than double the number in the previous year. This put us in a strong position to build year-on-year partnerships commitment and opened up fundraising opportunities.

We received £32,618 in support from charitable Trusts and Foundations, with the majority being restricted to our mission work. These included a grant from the Saracens Sport Foundation (via Wintrust) to pilot the RSF Training Programme for cancer and palliative care nurses, and later grants to support the post of a Clinical Lead, Family Support Services.

We grew our supporter base by over 2,000 new contacts and are extremely grateful to the many existing and new supporters, ambassadors and companies that supported the Foundation during the year.

Plans for the future

The activities in 2022/23 have put us in good stead for our forthcoming year, with the #RedforRuth Test to occur during an Ashes year attracting a wider audience and greater publicity. We will repeat profitable events such as #RockforRuth, the Long Room Dinner and our annual Golf Day both to consolidate our events calendar and to continue engaging with our most committed supporters.

With the variability of income from events being susceptible to circumstances beyond our control (e.g. weather), our focus will be on diversifying our income by developing income streams such as individual giving, legacy giving, and improving retention and repeat giving. Our reserves will support the potential shortfalls of event performance in the current volatile fundraising climate.

FINANCIAL POSITION

During the year, RSF raised £2,532,363 in donations, a 16% increase year on year. As with the previous year, these donations can be partially attributed to the #RedforRuth event in August but also to the very successful, inaugural #RockforRuth event held in June.

We also benefit from a small income stream from the sale of merchandise, predominantly bucket hats and caps, at Red for Ruth. Sales raised £34,197 (2022: £38,818). Expenditure year-on-year significantly increased, reflecting more focus and investment into Mission Services.

Mission Services spend increased to 24% of total income raised (2022: 22%), with the Family Support Service and HCP Training Programme development predominantly driving this increase. Costs of raising funds increased by 190% year-on-year, to £1,302,508, reflecting an increase in staff numbers and the production of the Rock for Ruth event which delivered a 65% return on investment.

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Reserves

The Trustees place great importance on the long-term sustainability of the Charity by closely monitoring costs through clear authorised budgetary processes and retention of key staff in a volatile, candidate driven market.

We have now established the foundations of our mission services and have built the reserves needed to support their scaling and development, without the risk of fundraising shortages in a turbulent fundraising/economic climate. In addition, the reserves allow us (breathing space) to focus on building sustainable fundraising income streams. We account for 3 types of reserves:

The Board of Trustees uptake to review this policy on an annual basis, or where circumstances require, to ensure its relevance to the Charity objectives and as the Charity develops.

Investment Policy

RSF follows the Charity Commission guidelines and takes a prudent approach with its decision making, regarding the level of acceptable risk, preservation of capital and long-term capital growth to support sustainability of service delivery. While the overall policy has been agreed at board level, responsibility for its management has been delegated to the Finance Advisory Group.

The Finance Advisory Group will consider the suitability of investments and the need to diversify by utilising experienced advice. Decisions are made with the best interest of the organisation in mind and with its intent to further its objectives. Its review is a regular item on the Board and Finance Advisory Group agenda.

At this time, investment in reserves has been kept to short term banking, with the view to utilising deposit accounts and possibly equities in the future where guaranteed annual growth can be agreed.

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Company Registration No. 11882736 | Charity Registration No. 1183221

GOVERNANCE | SOLID FOUNDATIONS

We continue to build and develop our solid foundations, to ensure the safe delivery and scaling of our ambitious and transformational mission. Our governance structure and mechanisms help us ensure RSF operates effectively, ethically, and in compliance with legal and ethical standards. It provides the solid foundations for building the trust and achieving long-term success in fulfilling our mission.

Trustees and Advisors

We strengthened our Board and Governance Advisory Group with the appointment of Stuart Hale. Stuart takes on the role of Strategic Safeguarding Lead. Stuart is a Superintendent with Sussex Police, having spent most of his career as a Detective in protecting children and vulnerable people. Stuart’s appointment will further strengthen the safe delivery of our Services.

With the appointments of lung clinical nurse specialists, and Lung Cancer Nursing UK Board members, Victoria Anderson and Peter Barton, we now have nursing representation on our Scientific Advisory Group, bringing a wealth of first-hand experience of patient needs, their psychological wellbeing needs, information needs, and family needs.

Governance Compliance

In 2022 BDB Pitmans LLP were commissioned to carry out a review of the governance of the Foundation. This review focuses on the legal and compliance elements of the Foundation and its performance, with the overall objective being to strengthen the Board’s governance framework. The recommendations are based on the Charity Commission’s guidance on best practice as set out in the Charity Governance Code. The preliminary report confirms RSF has a robust governance structure in place, with recommendations for a number of minor adjustments and some new policies to be adopted. Final report expected in April 2023.

Safeguarding

In November 2022, we contracted Guardian Safeguarding to review our safeguarding requirements and cover the role of Designated Safeguarding Lead, including:

In 2023, a minimum of two staff members will take the necessary safeguarding training, so that we can bring the role of Designated Safeguarding Lead, and expertise, in-house.

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Data Protection

As our Family Support Service team routinely handle medical data, we meet the threshold for needing a Data Protection Officer (DPO). We have contracted Creative Privacy to support on data management, compliance, training, policy review and interim DPO until we have the expertise and capacity to bring this role in-house.

Risk Management

The Board of Trustees are aware of their responsibilities towards risk management and with the assistance of the Governance Advisory Group and Finance Advisory Group have developed a robust risk management process of regular review. Risk review is a standing item on the Board Agenda.

Our Governance Advisory and Finance Advisory Groups hold a joint meeting annually to review our Risk Register, and respective mitigations.

Measuring Impact

We continue to monitor our impact measures, set in 2021/22, tracking the progress of the Foundation as it works across its mission areas. The data is being sourced from a combination of RSF internal management systems and surveys of parents, health and care professionals, supporters and the wider population.

A selection of our impact measures

In 2023/24 we look to integrate the impact measures into our CRM, ensuring all our data from across the business is centralised, allowing us to increase oversight and maximise our performance and efficiency.

Plans for the future

The ongoing focus on our solid foundations will help us ensure long-term success and growth of our Charity and service delivery.

Continued and consistent staff and Board governance focus and training for 23/24 will ensure safeguarding, data management, IT risks and charity compliance is ingrained in the team, enhancing understanding and accountability at all levels of the organization.

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To ensure that our IT systems and infrastructures continue to support the overall success and sustainability of our mission, we will be reviewing our IT systems and CRM in 23/24. The ROI of this review will allow us to progress our service delivery and fundraising more efficiently and save us resources in the future by improving staff tech/system adoption, accurate and timely reporting, streamline system usage, and data security.

Going concern

Given the current level of reserves and ongoing interest in supporting and developing the Charity, which continues to be demonstrated by very successful fundraising efforts during Red for Ruth 2023 and 2022, the Trustees have drawn up the financial statements on the assumption that the entity is a going concern. The charity has adequate cash reserves to settle liabilities as and when they fall due for a period of at least 12 months from signing the accounts.

Group structure

The Foundation has a wholly owned subsidiary company, RSFT Limited which carries out commercial and trading activities on behalf of the charitable foundation.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO THE AUDITOR

The Trustees in office on the date of this report have confirmed, as far as they are aware, that there is no relevant audit information of which the auditor is unaware. Each of the Trustees has confirmed that they have taken all the steps that they ought to have taken as Directors in order to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditor.

AUDITOR

RSM UK Audit LLP has been appointed as auditor and has indicated its willingness to continue in office.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

31/01/24 Approved by the Board of Trustees on ……………………. and signed on its behalf by:

…………………….. Terry Grote, OBE: Chairman of the Ruth Strauss Foundation

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The Ruth Strauss Foundation (A charitable company limited by guarantee) Statement of Trustees’ Responsibilities

The Trustees (who are also the directors of The Ruth Strauss Foundation for the purposes of company law) are responsible for preparing the trustees’ annual report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare the consolidated financial statements for each financial year. Under that law, the Trustees are preparing the financial statements in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice and applicable law).

Under company law, the Trustees must not approve financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income and expenditure for that year. In preparing those financial statements, the

Trustees and directors are required to:

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from the legislation in other jurisdictions.

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Independent Auditor’s Report to the Members of The Ruth Strauss Foundation

Opinion

We have audited the financial statements of The Ruth Strauss Foundation (the ‘charitable company and group’) for the year ended 31 March 2023 which comprise of the Consolidated Statement of Financial Activities (including an Income and Expenditure Account), Consolidated and Charity Balance Sheet, the Consolidated Statement of Cash Flow and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Independent Auditor’s Report to the Members of The Ruth Strauss Foundation

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report included within the Trustees’ Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

23

Company Registration No. 11882736 | Charity Registration No. 1183221

Independent Auditor’s Report to the Members of The Ruth Strauss Foundation

Responsibilities of Trustees

As explained more fully in the Statement of Trustees’ responsibilities set out on page 21, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

24

Company Registration No. 11882736 | Charity Registration No. 1183221

Independent Auditor’s Report to the Members of The Ruth Strauss Foundation

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, Charities SORP (FRS 102), Companies Act 2006, Charities Act 2011, the charitable company’s governing document, tax legislation and Charities (Protection and Social Investment) Act 2016. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Trustees’ Report, remaining alert to new or unusual transactions which may not be in accordance with the governing documents.

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to Fundraising Regulations in the UK. We performed audit procedures to inquire of management and those charged with governance whether the charitable company is in compliance with these law and regulations and inspected correspondence with regulatory authorities.

The audit engagement team identified the risk of management override of controls and revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business, testing sales to supporting documentation and reviewing transactions around the year end to ensure they were recognised in the correct accounting period.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities.

This description forms part of our auditor’s report.

25

Company Registration No. 11882736 | Charity Registration No. 1183221

Independent Auditor’s Report to the Members of The Ruth Strauss Foundation

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Sladden (Senior Statutory Auditor)

For and on behalf of RSM UK Audit LLP, Statutory Auditor Chartered Accountants 25 Farringdon Street London EC4A 4AB, United Kingdom

31/01/24 Date: …………………….

26

Company Registration No. 11882736 | Charity Registration No. 1183221

The Ruth Strauss Foundation

(A charitable company limited by guarantee)

Consolidated Statement of Financial Activities (Including an Income and Expenditure Account) for the year ended 31 March 2023

Notes 2023 2022
(As restated)
Unrestricted Restricted Total Total
£ £ £ £
Income
Donations 4 2,515,745 16,618 2,532,363 2,184,190
Other trading activities 5 34,197 - 34,197 38,818
Total income 2,549,942 16,618 2,566,560 2,223,008
Expenditure
Raising funds 6 1,302,508 - 1,302,508 449,656
Charitable activities 7 583,487 26,268 609,755 489,851
Total expenditure 1,885,995 26,268 1,912,263 939,507
Net income/(expenditure)
and net movement in 663,947 (9,650) 654,297 1,283,501
funds
Reconciliation of funds
Fund balances brought
forward at 1 April		 2,575,567 9,650 2,585,217 1,301,716
Fund balances carried
forward at 31 March		 3,239,514 - 3,239,514 2,585,217

27

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Consolidated and Charity Balance Sheet As at 31 March 2023

Company Registration No. 11882736

Notes
Non-current assets
Investments
10
Current assets
Stock
11
Debtors
12
Cash at bank
Creditors: amounts falling
due within one year
13
Net Assets
Funds of the charity
Unrestricted
15
Restricted
15
Total funds		 Group
2023
2022
£
£
-
-
-
-
12,259
33,222
213,152
126,414
3,275,544
2,579,885		 Charity
2023
2022
£
£
1
1
1
1
-
20,520
234,564
41,005
3,241,435
2,579,885
3,500,955
2,739,521
(261,441)
(154,304)		 3,475,999
2,641,410
(236,486)
(56,194)
3,239,514
2,585,217		 3,239,514
2,585,217
3,239,514
2,575,567
-
9,650		 3,239,514
2,575,567
-
9,650
3,239,514
2,585,217		 3,239,514
2,585,217

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

31/01/24 Approved and authorised for issue by the Board of Trustees on …………………………. and signed on its behalf by:

P A Glyn-Smith P A Glyn-Smith Trustee

28

The Ruth Strauss Foundation
(A charitable company limited by guarantee)
Consolidated Statement of Cash Flows
For the year ended 31 March 2023
Cash flows from operating activities:
Net cash provided by operating activities
Increase in cash and cash equivalents in the
reporting year
Cash and cash equivalents at the beginning of the
reporting year
Cash and cash equivalents at the end of the
reporting year
Reconciliation of net income to net cash flow from
operating activities
Net income for the reporting year
Adjustments for:
Decrease/(increase) in stock
Increase in debtors
Increase in creditors
Net cash provided by operating activities		 2023
£
2022
£
695,659
1,201,592
695,659
1,201,592
2,579,885
1,378,293
3,275,544
2,579,885
654,297
1,283,501
20,963
(33,222)
(86,738)
(116,349)
107,137
67,662
695,659
1,201,592

29

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

The Ruth Strauss Foundation

1. Accounting policies

The Ruth Strauss Foundation is a charitable company incorporated in England. The address of the Charity’s registered office is Unit F Whiteacres, Cambridge Road, Whetstone, Leicestershire, LE8 6ZG.

The charity’s principal activities are disclosed in the Report of the Board of Trustees.

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Companies Act 2006, 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 (FRS102) (effective 1 January 2019).

The Ruth Strauss Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £1.

Reduced disclosures

The charity is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this charity, which are intended to give a true and fair view of the assets, liabilities, financial position and surplus or deficit of the group. The charity has therefore taken advantage from the following exemptions in its individual financial statements:

30

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

1. Accounting policies (continued)

Going concern basis

Given the current level of reserves and ongoing interest in supporting and developing the Charity, which continues to be demonstrated by very successful fundraising efforts during Red for Ruth 2023 and 2022, the Trustees have drawn up the financial statements on the assumption that the entity is a going concern. The charity has adequate cash reserves to settle liabilities as and when they fall due for a period of at least 12 months from signing the accounts.

Consolidation

These financial statements consolidate the results of the charity, and its wholly owned subsidiary, RSFT Limited, on a line by line basis. A separate Statement of Financial Activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.

Income

Income including donations, gifts and funds raised from fundraising events are recognised where there is entitlement, it is probable that the income will be received and that the amount can be measured reliably.

Income from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of income can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income from grants, where related to performance and specific deliverables, is accounted for as the charitable company earns the right to consideration by its performance.

Expenditure

Expenditure is recognised when a liability is incurred and is analysed as shown below:

Liabilities are classified according to the substance of the contractual arrangement entered into and are stated at their nominal amount.

31

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

1. Accounting policies (continued)

Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to that category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Fund accounting

Funds held by the charitable company are:

Unrestricted

These are funds that can be used in accordance with the charitable objects at the discretion of the Board of Trustees.

Restricted

These are funds that can only be used for specific restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.

Pension contributions

The pension costs charged in the Statement of Financial Activities represent contributions payable into defined contribution employee pension arrangements by the Charity in respect of the year. Differences between contributions payable in the year and contributions actually paid are shown as either prepayments or accruals in the balance sheet.

Taxation

The Company is a registered charity, and therefore is not liable for income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

Cash and cash equivalents

Cash and bank balances include cash with a maturity of three months or less from the date of acquisition.

Stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

32

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Investments

Investments in subsidiaries are measured at cost less impairment.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method.

2 . Judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The trustees do not consider any of these judgements or estimations to have any significant effect on the financial statements.

3. Prior period adjustment

The Trustees have carried out a review of the allocation of costs and have identified that certain costs previously included within raising funds should instead be shown as costs relating to charitable activities. As such, £84,518 of costs in the year ended 31 March 2022 have been reallocated from raising funds to charitable activities. Of this amount, £79,868 relates to unrestricted funds and £4,650 relates to restricted funds. This adjustment impacts the individual Statement of Financial Activities for the Charity and therefore also the consolidated Statement of Financial Activities. As a result of this adjustment, there has been no impact on the result for the period or the fund balances at 31 March 2022.

33

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

3. Prior period adjustment (continued)

The changes to the Consolidated Statement of Financial Activities are:

Year ended 31 March Year ended 31 March 2022
As
previously As
reported Adjustment restated
£ £ £
Unrestricted expenditure on:
Raising funds 529,524 (79,868) 449,656
Charitable activities 405,333 79,868 485,201
934,857 - 934,857
Restricted expenditure on:
Raising funds 4,650 (4,650) -
Charitable activities - 4,650 4,650
4,650 - 4,650
Net movement in funds 1,283,501 - 1,283,501
4. Donations 2023 2022
Unrestricted Restricted Total Total
£ £ £ £
Donations 289,032 - 289,032 527,520
Gift Aid 31,479 - 31,479 161,638
Grants 16,000 16,618 32,618 -
Red for Ruth Test Match 462,167 - 462,167 1,186,032
Rock for Ruth 1,462,297 - 1,462,297 -
Donations from
other events 251,965 - 251,965 299,194
RSFT donations 2,805 - 2,805 9,806
2,515,745 16,618 2,532,363 2,184,190

Of the £2,184,190 income in 2022, £4,300 was attributable to restricted funds.

34

The Ruth Strauss Foundation
(A charitable company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2023
5. Other trading activities
Merchandise income
RSFT income
6. Raising funds
Staff costs (see note 9)
Fundraising events costs
RSFT expenditure		 Unrestricted
2023
Total
2022
Total
£
£
349
7,000
33,848
31,818
34,197
38,818
Unrestricted
2023
£
2022
As restated
£
483,496
265,735
283,710
183,921
535,302
-
1,302,508
449,656

35

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

7. Expenditure on charitable
activities
Research:
Staff costs (see note 9)
RSFT expenditure
Support costs (see note 8)
Family support:
Staff costs (see note 9)
Direct family support
expenditure
Support costs (see note 8)
Training programme:
Staff costs (see note 9)
Direct training programme
expenditure
Support costs (see note 8)		 Unrestricted
Restricted
Total
£
£
2023
£
2022
As restated
£
61,769
-
61,769
244,373
-
-
-
10,891
109,787
-
109,787
234,587
89,211
16,618
105,829
-
46,754
-
46,754
-
19,627
-
19,627
-
136,802
-
136,802
-
91,878
4,300
96,178
-
27,659
5,350
33,009
-
583,487
26,268
609,755
489,851

36

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

8. Support costs
Audit fees
Non-audit fees
payable to the
auditor
Bank charges
Insurance
IT costs
Legal and
professional fees
Sundry
Office costs
Training
Travel and
subsistence
Bad debt expense
Mission spend		 Research
£
Family
support
£
Training
programme
£
2023
£
2022
As restated
£
15,907
3,167
5,326
24,400
18,950
15,013
1,160
1,950
18,123
5,280
523
119
200
842
5,150
2,165
493
829
3,487
1,759
5,423
1,216
2,045
8,684
29,548
52,781
9,437
15,873
78,091
60,866
2,919
665
1,118
4,702
1,946
10,349
2,321
3,904
16,574
12,630
878
200
336
1,414
317
2,983
656
1,104
4,743
3,623
40
9
15
64
10,000
806
184
309
1,299
84,518
109,787
19,627
33,009
162,423
234,587

Of the £234,587 support costs in 2022, £4,650 was attributable to restricted funds. Support costs have been allocated between charitable activities using the related ratio of total staff costs and direct expenditure specific to each activity.

9. Staff and Key Management Personnel

The average number of employees during the year was 15 (2022: 11).

Wages and salaries
Social security costs
Pension costs		 2023
£
2022
£
671,199
440,859
69,383
32,387
47,314
33,537
787,896
506,783

37

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

9. Staff and Key Management Personnel (continued)

Staff and Key Management Personnel (continued)
The number of higher paid employees was:
2023 2022
No. No.
In the band £60,001 - £70,000 1 1
In the band £70,001 - £80,000 1 -
In the band £90,001 - £100,000 - 1

Included within staff costs is £44,202 in relation to termination payments which includes payment in lieu of notice, holiday pay entitlement and pension payments.

Neither the Trustees nor any persons connected with them received any remuneration during the year. The key management personnel of the Charity comprise the Trustees and the Chief Executive. The total employment benefits, including employer pension and employer national insurance contributions of key management personnel was £89,457 (2022: £108,227). No trustees were reimbursed for any expenditure during the year (2022: 2 trustees reimbursed £1,559 relating to fundraising events.)

10. Fixed asset investment Group Charity Charity
2023 2022 2023
2022
£ £ £ £
Investment in subsidiaries - - 1
1
Movements in fixed asset Shares in group
investments - Charity undertakings
Cost
At 1 April 2022 and 31 March 2023 1
Carrying amount
At 31 March 2023 1
At 31 March 2022 1

Investment in subsidiary undertakings

The principal activity of the subsidiary undertaking, RSFT Limited (company no. 13446445), is that of commercial and trading activities on behalf of the charitable foundation.

A summary of the results is shown below. Audited accounts will be filed with the Registrar of Companies.

38

The Ruth Strauss Foundation
(A charitable company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2023		 The Ruth Strauss Foundation
(A charitable company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2023		 The Ruth Strauss Foundation
(A charitable company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2023
10.
Fixed asset investment (continued)
Income and expenditure account
Income
Direct costs
Gross profit
Administrative expenses
Other operating income
Profit before tax
Balance sheet
Stock
Debtors
Cash at bank
Creditors: Amounts falling due within one year
Net current assets
Creditors: Amounts falling due after one year
Net assets
11.
Stock
Group
2023
£
2022
£
Finished goods
12,259
33,222
12.
Debtors
Group
2023
£
2022
£
Trade debtors
96,050
102,050
Amounts owed to group
undertakings
-
-
Prepayments
117,102
24,364
213,152
126,414		 Year to
31 March
2023
Period to
31 March
2022
£
£
1,496,145
31,818
(535,301)
(8,628)
960,844
23,190
(89,435)
(9,643)
2,805
9,806
874,214
23,353
2023
2022
£
£
12,259
12,702
96,050
124,249
34,109
-
(142,417)
(136,950)
1
1
-
-
1
1
Charity
2023
£
2022
£
-
20,520
Group
2023
£
2022
£
96,050
102,050
-
-
117,102
24,364		 Charity
2023
£
2022
£
-
65
117,462
38,840
117,102
2,100
213,152
126,414		 234,564
41,005

39

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

13.
Creditors: Amounts falling due
within one year
Trade creditors
Other taxation and social
security
Other creditors
Accruals and deferred income		 Group
Charity
2023
£
2022
£
2023
£
2022
£
122,515
-
122,515
-
38,010
18,562
19,505
14,702
4,761
3,699
4,761
3,699
96,155
132,043
89,705
37,793
261,441
154,304
236,486
56,194

Included within other creditors is £4,610 (2022: £3,365) of outstanding pension contributions.

Deferred income
Deferred income brought
forward
Income deferred during the
year
Income released during the
year
Deferred income carried
forward		 Group
Charity
2023
£
2022
£
2023
£
2022
£
92,000
-
-
-
15,900
92,000
15,900
-
(92,000)
-
-
-
15,900
92,000
15,900
-

Deferred income relates to money received in advance to attend a golf event that will take place in the following year. In the prior period, deferred income related to money received in advance of the ‘RockforRuth’ event.

14.
Analysis of net assets
between funds
Group
Current assets
Current liabilities
Balance as at 31 March		 2023
2023
2023
2022
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
£
Total
Funds
£
3,500,955
-
3,500,955
2,739,521
(261,441)
-
(261,441)
(154,304)
3,239,514
-
3,239,514
2,585,217

40

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

14.
Analysis of net assets
between funds (continued)
Charity
Fixed assets
Current assets
Current liabilities
Balance as at 31 March
Group
Prior year
Current assets
Current liabilities
Balance as at 31 March
Charity
Prior year
Fixed assets
Current assets
Current liabilities
Balance as at 31 March		 2023
2023
2023
2022
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
£
Total
Funds
£
1
-
1
1
3,475,999
-
3,475,999
2,641,410
(236,486)
-
(236,486)
(56,194)
3,239,514
-
3,239,514
2,585,217
2022
2022
2022
2021
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
£
Total
Funds
£
2,729,871
9,650
2,739,521
1,388,358
(154,304)
-
(154,304)
(86,642)
2,575,567
9,650
2,585,217
1,301,716
2022
2022
2022
2021
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
£
Total
Funds
£
1
-
1
-
2,592,920
9,650
2,602,570
1,388,358
(17,354)
-
(17,354)
(86,642)
2,575,567
9,650
2,585,217
1,301,716

41

The Ruth Strauss Foundation
(A charitable company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2023		 At 31
March 2023
£
3,239,514
-
3,239,514
Movement
in funds
£
663,947
(9,650)
654,297
At 31
March 2022
£
2,575,567
9,650
15. Movement in funds
Group and charity
At 1 April
2022
£
Net
movement
in funds
£
Unrestricted funds
General funds
2,575,567
663,947
Restricted funds
Training programme
9,650
(9,650)
Total funds
2,585,217
654,297
Net movement in funds, included in the above, are as follows;
Income
£
Expenditure
in funds
£
Transfers
between
funds
£
Group
Unrestricted funds
General funds
2,549,942
(1,885,995)
-
Restricted funds
Training programme
16,618
(26,268)
-
Total funds
2,566,560
(1,912,263)
-
Prior year
Group and charity
At 1 April
2021
£
Net
movement
in funds
£
Unrestricted funds
General funds
1,291,716
1,283,851
Restricted funds
Training programme
10,000
(350)
Total funds
1,301,716
1,283,501
2,585,217

42

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

15. Movement in funds (continued)

Net movement in funds, included in the above, are as follows:

Prior year
Group
Unrestricted funds
General funds
Restricted funds
Training programme
Total funds
Details on funds are as follows:		 Income
£
2,218,708
4,300
2,223,008		 Expenditure
in funds
£
(934,857)
(4,650)
(939,507)		 Movement
in funds
£
1,283,851
(350)
1,283,501

Restricted Fund:

Training programme Grants received during the current year from The Saracens Sport Foundation are to be used towards supporting training days for cancer and palliative care nurses. Grants received in the previous year from Merck Sharp and Dohme are to be used towards the emotional support programme.

16. Related party transactions

The following transactions took place between the charity and its subsidiary RSFT Limited:

2023 2022
£ £
Service recharge - 4,035
Employee costs recharged 65,836 3,325
Gift aid payment 874,214 23,353

At the balance sheet date, £117,462 was owed to the charity (2022: £38,840).

All of the above balances and transactions have been eliminated on consolidation.

43

The Ruth Strauss Foundation

(A charitable company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023

16. Related party transactions (continued)

During the year, donations of £2,550 (2022: £1,879) were made to the charity by 2 (2022: 3) Trustees. There were no conditions attached to these donations.

During the year no donations in the form of prizes (2022: £2,066) were made by trustees (2022: 2).

There were no further related party transactions in the current or prior year.

44