Liverpool CHICS Charity No. 1183634 Trustees, Report and Vnaudlted Accounts 31 May Z024
Liverpool CHICS Contents Pages 3to5 Tru5tees' Annual Report Independent Examirber'5 Report Statement of Financial Activities Balance Sheet Notes to the Accounts 9t015 Page I
Llverpool CHICS Trustees Annual Report The trustees, who are also directors of the charity for the purpose5 of the Companies Art 2006, herein present their report with the unaudited financial ststement5 of the charity for the year ended 31 May 2024. The financial statements have been prepared in accordance with the accountlng policies set out in Note I to the accounts and comply with the charity's governing document, the Charities Ad 2011, the Companies Act 2C()6 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charltles preparing their accounts in accordance with the Financial Reportifig Standard 102 applicable in the UK and Republic of Ireland. REFERENCE AND ADMINISTrATIVE DETAILS Charfty No. 1183634 Register Office l Ash Close Ormskirk Lancashire L39 3PB Directors and fru5tees The Directors of the charltable company are its Trustees for the purposes of charlty law. The following Directors and Trustees seNed during the year: M.L. Allen M. Culley E. Lang G. O'Hagan Accountsnts Sefton Councll for Voluntary SeNlce Burlington House Crosby Road North Waterloo Llverpool L22 OLG OBJEcfivES AND AcnviTIES The relief of sickness and without prejudlce to the generality of the fOgoing particularty those young persons resident within the Greater Merseyside area and beyond who are treated on the Oncology Ward ot Liverpool Alder Hey Children5 Hospital and diagnosed with any fomi of cancer, leukaemia, and associated dlsea5e5 or condition5, and to 5UPPOrt the parents and tsmllies of such young people as affected by such conditions. The charitable incorporated organ15ation provides practlcal, emotlonal and social support to the children and their families who sign up as members of the charity. Page 2
Liverpool CHICS Trustees Annual Report All Liverpool CHICS tiustees have considered and had regard to the guidance issued by the Charity Commission on public benefit. Everyone involved with the running of Liverpool CHICS has had a child who has had cancer, and we feel this is an important USP for our charitv. ACHIEVEMENTS AND PERFORMANCE Liverpool CHICS has continued to support chlldren and their families in various ways during the year, fulfilling its aims and objectives. It has been an incredibly busy year with a variety of events but a150 a greater focus on fundraising. Our support worker, Andre Cheminais. (known as Cheml. bases himself on the Oncology Ward at Llverpool Alder Hey Children's Hospital. and, throughout this year. he signed up 58 new families across the whole of the Northwest, Wirral, North Wales and the Isle of Man areas. He offers support to all families and signposts to other charities and servlces that may be helpful to indNidual famllles. Chem also works very closely with the other charities on the ward, Iyoung Lives V's Cancer and Teenage Cancer Trust). to ensure families benefit from all resources that are available to them. This close p3ftner5hip with the other charities has 8reatly benefitted our families and means families receive a more personalised service from Liverpool CHICS. Durin8 the year we have held group-wide events at least once every month, ensuring that our famllles were able to get together re8ularly; in doing so the families have also been able to offer additional support to each other. The social events throughout the year have Included: Easter Party with great 5UPPOrt from Bootle FC who supply the venue. Exclusive Odeon events for our families including: Ghostbusters, (with Liverpool Ghostbuster5 in attendance), Garfield, Wild Robot, Paddinglon in Peru and Moana 2, Iwith Father Christmas in attendance). Gravity Mox Liverpool, where families could toke part in 80-kartin& bowling and VR activlties. Awesome Walls Indoor climbing events. Christmas Party at Bootle FC. Farnify day at The Beatles Story at the Albert Dock. 'Rock and Roll, pantomlme at Llverpool's Everyman Theatre During the year we also developed positNe relationships with a number of businesses across the Liverpool Clty region: as an example, The Beatles Story, based at the Albèrt Dock, have chosen Liverpool CHICS as their charity for upcoming fundraising event5, having already completed a campaign over the Chrlstmas period, raislng money for the charity and successfully asking vlsitors to donate pyJamas for our families. They also allowed LFS to set up a stall to sell bracelets (donated by one of our families) whist the Disney Cruise was docked at LNerpool during the summer- and we are currently working with them to host an evening fundraiser during February. We also hosted an event at the Cavern Club on Matthew Street which was a fantastlc night, with the 7 acts that performed all donating their time free of charge. Thanks to the directors of the Cavern the venue was a150 provided free of charge to the charity for the event. This comine year we will continue to 5UPPOrt our families a5 well as continuing with fundralsin& and we hope to build and strengthen further relation5hip5 and contacts throughout the area. Page 3
Liverpool CHICS Trustees Annual Report FINANCIAL REVIEW At the start of the period the charity held bank and cash balances of £204,159. By the end of the period £157,521 was held. Total funds of £164,982 comprised de5iBnated funds of £7,761 and general funds of £157,221. Reseryes are held of £60k as the charity remains cognisant of its ongoing commitment to future expenditure in funding the salary of its Family Support Co-ordinator, futu accommodation expenditure and the future expenditure to maintain the charity'5 caravan. The prlnclpal sources of fundlng are ongolng donations and fundraising activities. The trustees have a risk management strategy which comprises an annual review of the principal risk and uncertalntles that the charlty faces: the e5tabli5hment of policie5, Systems and procedures to mitigate those risks identified in the annual review,. and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materiallse. This work has identifies that financial sustainability is the main financial risk for the charity. A key element In the management of financial risk is a regular review of the available liquid fvnd5 to settle debts as they fall due. regular liai50n with the bank and the active management of trade debtors and creditors balances to ensure sufficient working capital by the charity. Attention ha5 also been focused on non-financial ri5k5 such as fire, health and safety of clients, and food hygiene. These risks are managed by ensuring that accreditation is up to date, having robust policies and procedures in place, and regular awareness training for staff working in these operational areas. srRucfuRE, GOVERNANCE AND MANAGEMENT Livèrpool CHICS is a charltable Incorporated organisation ICIOI governed by Its constltution dated 29th May 2019. it is registered with the Charity Commission. Anyone over the a8e of 18 can become a member of the CIO and there are curently 4 members. A5 set out in the Articles of Association the trustees are elected by members of the charitable companv atending the Annual General Meeting. The longest serving one thlrd of trustees retires each year and is able to offer themselves tor re-election. New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law. the Charity Cornmi55ion guidan on public benefit, and infom) them of the content of the Memorandum and Artlcles of Assoclation, the committee and decision makin8 processes, the business plan and recent financial performance of the charlty. During the induction process they meet key employees and other trustees. Trustees are encouraged to attend external training events where these wlll facilitate the undertakin8 of their role. The board of trustees, whlch must have at least three members and has no maximum number of members. administers the charity. One of our trustees Is pald for admlnlstratlve work carrled out for the charity. None of the other trustees receive remuneratlon or other benefit from their work Wbth the charity. any connettion betsveen a trustee or senior manager of the charity and any client or supplier is disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the Current year no such related party transactions were reported. Page 4
Liverpool CHICS Trustees Annual Report The trustees consider that the board of trustees comprise the key management personnel of the charity in charge of directing and controlling, runnin8 and operating the charity on a day to day basis. All trustees give of thelr time freely and no director received remuneration in the year for their work as a trustee. Details of trustees, expenses and related party transactions are disclosed in note 16 to the accounts. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the f1nancial statements Comply with the Companie5 Act 2006. The Trustees are also responsible for safeguarding the assets of the harity and hence takin8 reasonable steps for the prevention and detection of fraud other irregularities. The pay of the senior staff is reviewed annually and normally increased in accordance wlth at least inflation. In view of the nature of the charity, the trustees benchmark against pay levels in other organisations of a similar size run on o voluntary basis. The remuneration benchmark is the mid point of the range pald for similar roles adjusted for a weightlng of up to 30% for other responsibllitles. The above report has been prepared in accordance with the provisions applicable to companles subject to the small companies regime as set out in Part 15 of the Companies Art 21X)6 and in accordance with the Charitie5 SORP IFRS 1021. Sign he board an Trusree 13 February 2025 Page 5
Liverpool CHICS Independent Examiners Report Independent Examiner's Report to the trustees of Liverpool CHIC5 I report to the charity trustees on my examination of the financial Statements of Liverpool CHICS for the year ended 31 May 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. Responsibilitles and basls of report As the trustees of the charity land also Its dirertors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2¢))6 I'the 2CKJ6 Act.). Having satisfied myself that the financial statements of the charity are not requlred to be audited under Part 16 of the 2m6 Act and are ellgible for Independent examination, l port in respect of my examlnation of your charitvs financial Statements as carried out under sertion 145 of the Charities Act 20111'the 2011 Act'l. In carrylng out my examinatlon I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Independent examlner's statement I have completed my examination. I can confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that: accounting record5 were not kept in accordance with section 386 of the 2006 Act .' or the financial Statements do not accord with those records,. or the financial statements do not comply with the a¢¢ounting requirements under section 396 of the 2006 Act other than any requirement that the financial statement5 give a 'true and fair, view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the Charltles SORP IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the financial statements to be reached. 9D7 lan Wright Chartered Accountant Sefton Councll for Voluntary seiCe Burlington House Crosby Road North Waterloo Liverpool L22 OLG 13 February 2025 Page 6
LFverpool CHICS Statement of Financial Activities for the year ended 31 May 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies other trading activities Investments 28.444 18.914 1.360 28,444 18,914 1,360 30,840 19.600 235 Total 48.718 48.718 50,675 Expendfture on: Raising funds Charitable activities 690 98.525 690 98.525 1.045 102,856 Total 99,215 99,215 103.901 Net Ealns on investments Net expenditure Transfers between funds 150,4971 150.497 153,2261 Net expenditure before other galnsl{10sses) 150.497) 150,4971 153,2261 Other galns and losses Net movement in fund5 150,4971 150,497) 153.2261 Rèconclllatlon of furMIs: Total funds brought forward 215,479 215,479 268,705 Total funds carried fonyard 164.982 164,982 215.479 Page 7
Liverpool CHICS Balance Sheet at 31 May 2024 Notes 2024 2023 Fixed assets Tangible assets io 7,761 7,761 11,620 11,620 Current assets Cash at bank and in hand 157,521 157,521 13iXII 157,221 164,982 164,982 204,159 204,159 I3) 203.859 Creditors: Amount falling due within one year Net current assets li Totsl assets less CUrTht liabilities 215.479 Net assets excluding penslon asset or Ilablllty 215,479 Totsl net assets 164.982 215,479 The funds of the charity Restrirted funds Unrestrl(ted funds General funds Designated funds 12 12 157,221 7,761 203,859 11,620 164.982 215,479 ReseNes 12 Totsl funds 164,982 215.479 These account5 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 May 2024 the company was entitled to exemption under section 477 of th Companies Att 2CK16 relating to small companie5. The members have not required the company to obtain an audit In accordance with 5e(tion 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Att 2006 with respect to accountlng records and the preparation of accounts. Approved by the board on 13 February 2025 And signed on its behalf by- Trustee 13 February 2025 Page 8
Liverpool CHICS Notes to the Accounts forthe yearended 31 May 2024 l Accounting policies Basis of preparatÈon The financial statements have been prepared in accordance with the charity's governing document, the Companie5 Act 2(X)6, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts ir) accordance with the Financial Reportlng Standard appllcable In the UK and Republic of Ireland IFRS 1021" leffective l January 20191. The chority meet5 the definition of o public benefit entity under FRS 102. A55ets and liabilities are initlally recognised at hlstorlcal cost or transactlon value unless otherwise ststed In the relevant accounting policy note. The functional currency used is the £ Sterling. Assets and liabilities are initially recognized at historlcal cost or transartion value unle55 Otherwise ststed In the relevant accounting policy note. The functional currency used Is the £ Sterllng. Preparatlon of the accounts on a golng concern basls At the time of approving the accounts. the trustees, have a reasonable expectation that the Charity has adequate resources to continue in operntional existence for the forseeable future. As such these account5 have been prepared under the going concern basis. Chan8¢ in basls of accountln8 or to prevlous accounts There has been no change to the accounting policies (valuation rule5 and method of accounting) since last year and no changes have been made to account5 for prevlou5 years. Fund a¢countln8 Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrlcted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a Valuation reserve representlng the restatement of investment a55ets at their market values. These are available for use subject to restrictions imposed by the donor or through temis of an appeal. Designated funds Revaluation funds Restricted funds Page 9
Llverpool CHICS Notes to the Accounts Ineome Recognition of Income Income 15 included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to. and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure ihe income and related expenditure is expenditure reported gross in the SOFA. Don3tions and legacies Voluntary income received by way of grants. donations and gifts is included In the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tsx reclaims Is Included In the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated service5 These are only included in income Iwith an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help recewed is not included in the accounts. Investment income This is included in the accounts when recelvable. Gainslllossesl on This includes any gain or loss resultin8 from revaluin8 investment5 to market value revaluatlon of flxed at the end of the year. assets Gains/llossesI on investment assets This include5 any gain or1055 on the sale of investments. ExpendIre Recognition of expenditure Expenditure is recognised on an accruals basis. Expendlture include5 any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attrarting voluntary income, fundraising raising fund5 trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and tharitable activitles services in the furtherance of its objects, including the making of grants and governance costs. All grant expendlture Is accounted for on an actual pald basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meetin8 the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a Share of other administration costs. Other expendlture These are support costs not allocated to a particular activity. Grants payable Governance costs Taxatlon The charity is exempt from corporation tax on its charitable adivities. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayiments are valued at the amount ppaid net of any trade discounts due. Page 10
Llverpool CHICS Notes to the Accounts Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments Wlth original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other edItorS Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity ha5 a present obligatlon resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliabty. Creditor5 and provision5 are normally recogni5ed at their settlement amount after allowing for any trade discounts due. 2 Compary statu5 The Company is a private company limited by guarantee and consequently does not have share capital. 3 Income from donatlons and legacies Unrestrlrted Totsl Total 2024 Z023 Donation5 28,444 28,444 28,444 28,444 30,840 30,840 4 Income from other trading artivitie5 Unre5trirted Total Total 2024 2023 Fundraising 18,914 18,914 18.914 19,6CKJ 19,6LK) 18,914 S Income from investments Unrestricted Total Totsl 2024 2023 Interest reiVed 1,360 1,360 1,360 235 1,360 235 Page 11
Liverpool CHICS Notes to the Accounts 6 Expenditure on ralsing funds Unrestricted Total Totsl 2024 2023 Fundraising trading costs Fundraising Just Giving charges 388 388 483 302 302 562 690 690 1.045 7 Expendlture on charftable actlvltles Unrestrlcted Total Totsl 2024 2023 Expenditure on choritoble activities Help and support to families of children with cancer 96,316 96.316 99,993 Support costs Administration 2,209 98,525 2,209 98,525 2.863 102,856 8 Net expenditure before transfers 2024 2023 Thls Is stated after charging: Depreciation of owned fixed assets 9 Staff costs 3,859 3,874 2024 49,115 49,115 2023 48,040 48,040 Salarie5 and wages No employee recelved emoluments In excess of £60.IXIO. 10 Tangible fixed assets Cort or r¢valuatlon At ljune 2023 540 26,715 26,715 27,255 27,255 At 31 May 2024 Depreciation and Impalrment At l June 2023 Depreciation charge for the year At 31 May 2024 Net book values 540 369 15.266 15,635 43 3,816 3,859 412 19,082 19,494 At 31 May 2024 At 31 May 2023 128 7,633 11,449 7.761 11.620 171 Page 12
Liverpool CHICS Note5 to the Accounts 11 Creditors". amounts falling due within one year 2024 2023 Accruals 300 300 300 300 12 Movement in fund5 In¢oming resources {including At ljune other 2023 galnsllosses) Re50urces expended Gross At 31 May transfers 2024 Restrlcted funds: Unrestricted funds: Gener41 funds 203,859 48.718 199,2151 3,859 157,221 Oesignated fund5: 11,620 13,859) 13,8591 7,761 Total 11.620 7,761 Total funds 215,479 13 Analysls of net assets between funds 48.718 199,2151 164,982 Unrestricted funds Total Fixed assets Net current assets 7.761 157.221 164.982 7,761 157,221 164,982 14 Reconclllatlon of net cash / (net debt) At l June At 31 Mav 2024 2023 Cash flow5 Cash and cash equivalents 204,159 204,159 146,6381 146,6381 157,521 157,521 Net cash I Inet debt) 204,159 146,6381 157.521 FRS 102 wuires and entity to report ¢han8es in net debt in the accountin8 period. VerpoOl CHICS does not carry any debt or other borrowings and has a positive net cash position Page 13
Liverpool CHICS Notes to the Accounts 15 Related party dlsclosures Name of relatedporty Description of relution5hip between the parties Description of transoction ond generol omounts involved Controlllnq party The charity is a charitable incorporated organisation and has no share capltal,. thus no single party controls the company. Elaine Lang Chair of trustees Remuneration for administrative duties £11.115 Page 14