REGISTERED CHARITY NUMBER: 1183876 R•port of th• Trusteos 4nd FIFtanclal Ststgm9nts lorth• Year End•d 13th D8cwnbor 2023 Tho s Ftsundauon The Rich•rd8 Sancty P8rtMrship T110e House 25 B8rboume Roatt Worc8Stor WOrcEslehir WR1 1RU
The SJL Foundation Contents of the Flnanclal Ststements ftsrthe YeèrEnd•d 13th Dèbe1 2023 Page R•f•rpn¢• and Admlnlstratlve Deta118 Rèport ol the TntO 2 to 3 Ind¢p•ndenl ExamlnoV$ Report Stsl¢m•nl of FinAn¢lal A¢ti¥iti 88lanc8 Sheot Note5 to tho Fln•n¢ial Stat8m8nts 7 to 12 D&l¥il¢rf Ststsmont of Flnanclal Activiti 13
Thg SJL Foundatlon Reference and Admlnistrydtfve Details forthe YearEnded 13th De¢¢mtser 2023 TRUSTEES S J L8nca81er K H8nson K Evans S L8ncastsf Fl G McKechnie PRINCIPAL ADDRESS Sui18 C, Th8 K8ys Bulldlr¥J 23 Thg Tythir¥J Wor$(el W¢x(estetshlr• WR1 1HD REOISTERED CHARITY NUMBER 11B3875 INtEPENDEPff EXAMINER Thè Richards Sandy Partnership Thornekn8 House 2S Barboumè Road Worcestèr Worc8Stershir¢ WR1 1RU Pag6 1
rhe SJL Foundation Report ofib• Tntytees for th• Year Ended 13th Dacwrtr 2023 Thè tsusteg$ p8eryt repgrt t the finan0 stknents of Ihè charity for th8 year ended 13th DeGpmbar 202& The ttVStees have 8dopte¢J thg prowsn8 of Accotjnting and Reporbng by Charities.. Stslament ol Rec()mmen(t•d Pr8ctic• apthIe to ¢haritKgs preparing their acrAwnts a¢wdgnce with Flnancial ReportiThJ Slandard appl"cablg in thg VK anil Republlc of Imland IFRS 1021 loNo¢bvo 1 January 20191. OBJECTIVES AND ACTivrriES obj¢di8 and alms The obj8¢twa OF thg ch8rity 18 io acfvance such ¢hantabfe pu0$8$ for the benefrt of the publN as the trustse8 $89 fit from time to t4ne, in particular, but not limited to maknng gr?nts to chandès, or othèr organisations w¢rknn9 lo aévance chaF1tabl¥ puffjose. Pub15r benefit Tr iwsteas ¢(Ykfim) th&t Th• SJL Found"on has cornpli&J ith tha duty in sEction 17151 of the 2011 Charitles Act to have du& to guidjnce on publ n&frt rewwng the tharity8 aims and objects.ves gnd In planning future ACHIEVEMEpif AND PERFORMANCE Charilable and fundrai8ing a¢tlvltles Th& Annual Ball was able to tske place as vll as thè anTrual quiz #Thj due ts Ihe success ofthese entS and fvrfh8r donaon$ to the FouThYation we werg able to a grant award of £30.388 to Acorns Childwns Hospic&, £842 to th ND AtssoGlats"on as well as a d)nation to Zenful MEn 01£2,000. Futbdrn151ng poII¢y Our 8pwoa¢h to fundrabing is to encourage motlvated indivMluaL4 and companies to help ua raise voluntary ftrnds tp SVPFQrt our aims and activities. We ensure jrYra1ng doesn't put m8mb8rs of tha public crf our tsom under undue presgLtye to donats and cotnply with UK dat? protec11 and a wiSted with tre lundraistng regulator. W8 hav rec8wj tundroising complaints lo Statl ortrwts9$ to datg. FINANCIAL REVIEW Flnan¢lal Y¢vlew ncoming FÈwTces for the year wer8 £49.18812022.. £54.2171 and rEsouices exp8nded w8re £49,88912022.. £45,463). NEt eXpvjthre forthe yDar wnounted to £68112022". nEtitKotTrp £8,754). Tr• b)101 lurKls of Ihfj charlty at 13 D8c8rnb8r 2023 amowbj to £9,23412022.. £9.9161. Rgs•ms polky chty5 unr&8tricted re8•The¥, 8xdwJirvJ fixed a88els. re £9,074 at 13 08rnb•r202312021.. £9.5951 trustees lIeve minimal r8#•rve Ve1$ a reouir&l in the ¢"ty, wth ¥ery lewo¥ttheads 6nd Ihe aim Df awardiny a5 many grants a$ pos$ble R8setves have incteased fd1¢ing SUSsfUl fvndrai¥ing e¥eDts in the fast 2 ye3rs and E Gurrefilly more than nSsary. The Tr1$ will VIeW the frnan¢ial p)sltio) in the next year and 8ntt6ipat• Spending these T on 8dthtioftal knYantawaFds FUTURE PLA14S trustees plan to continue lunrJraL8ing to raise enough money to allow for fvre grants to be awarijod ITh ne ir charilable objectives. 8TRucniRE QOVERNANCE AND IIANAGEMEKr Govornlng dUMant Th8 ¢h¥ty k5 contrdlèj by its govern1 dwment. a cknftsfjtution. and eonstibjtes a Charitable incwrated tXg8ry88tK)n (CIO). The tharity is registered in Ergknd & Wles with the r8gistration nLunber 1183675. R¢Nith>ènt •nd 4ppolntm•nt of new truste•s Tho exisong twstee$ have sal8 power appnI and traln new InJgt8es. New tru5tse8 are 8eWed basgd on personal rgc(¥nm8ratio8 frun q)nlts the ¢yisting tNst D¢lslon rnaking The Tw$teeS rngQt ¥99ui¥fly to cortsKtEr pc4w. initlat8 fund$1[¥4 projects arml deL>d8 on rasts forgrant$. Docisions are mado ty maiorltyvoto. Thd8ytD day Turlninq olthe c*aTrty w pg1fcned byt[tE8. S J Lanc8st9r. Inductlon and lEng of new trust& Newtruste8s we1¥e induthon infom)dly on frwie8 re5p)nslt41ity and the alfairn ofth? Foundation as ne&sary. Pago 2
SJL FouttdatEon Reportof th• Trustees for the YMr end•d 13th Deeernber 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Risk managpment The trustee$ have a dLty to Tdenufy and revtaw Ihe rkS to whleh the charity exposed to ensure apwopti8te contr$ are in placè to pro¥Ade reasonabl& assuranc& against fraud and arror. The tru$tses have agsèssed the major dsk$ to which thè chariiy is eysed, #nd are sabsfied tlb4t Sy5tsm$ in Flac ta mitigste exposure. ! 1io124.......... Approved by ord8rofthe board oftrustees on........... .... . and sfigrEd on its behalfby. S J Lancaster- Tfttstee Page 3
Ind•pendont EXarnine8 Report to the Tru8toe8 of Th SJL Foundatlon Ind&p•ndont •xaminerfs reportto the trustees of Tho SJL FoundatiOA I report t¢ ihe charty trustees on my gxamlnalion ol the a¢¢ounts ol The SJL Ftsurnlauon (the Tlustl for th8 year end& 13th Dec 2023. Re$ponslbllllies and basis of rnport A$ th8 charity tru$to0s OF the TfU8I you arg r•spgnsitd¢ for the prparntion of the ac¢ounts it) act¢tdattckn th th• raquirgmgnts ofth& ChwtsA¢t2011 Cthè Acri. I report in respert Df rny oxniftaton of the Tr81,$ accomts carfied out under SeCtn 145 ofth8 Aciand in carrying oul my examinatlon I ha followed all applicablg Direcl"ons given by the Charity CmIssion under Soclon 145151(bl of tsAcL In41gp•FKlent examlngf• •tatemBnt I hèvo ¢x)mplotsd my mInation. l Gonfimi that no materi¥l matt6TS ccffj& lo my aitenllon in nneCt)n th lh9 examinatlon glvlNJ me caw t¢ balève that in any malèrid Aspect aecounling rocth5 not kopt in respect otth8 Trusta$ roquired by Se*"on 130 of iheA¢L or IhÉ 4c¢ounts do not&wrd those erds. or ihe accounts do not a)mply wtth the applicable requirement8 conceming the forni and content of a¢rA)unts set out in Ihe Chartlies (Attourrts and Repots) Regulab"on$ 2008 other ihan any requlrement that tPrt occounts give tru8 and far vbwthch Is not & maltsr cSIdered as partcfan ind8P8ndènt examatiOn. I have no eonLxms and have come a¢ros8 no other malters in tt)nnectSon the eyaminatton tohlch attenlon should awn in this report IR order t08n8bk a PFcper under5tandiryo DI th8 accDufits to btr m8ehed. Mglissa G(¥In ACA AGGA Th• Rlchards SaThly Parb)8rth"p Thorneloè Houso 25 rboUrne Road wOrster Worc05tsrshirè WR1 1RU Oat¢'. Page 4
Thp SJL Foundatlon 5tatgrneht of Flnan¢lal ACtieS for the Year EndDd 13th Dècember 2023 2023 Total funds 2022 Total funrts Unrgstricled Jnd Restricted lund Notes INCOME AND ENOOWMENTS FROM Donations and legacies 20,804 20.604 21.017 Other trading activit$ 28,384 28,384 33.200 Totsl 49,188 49.188 54,217 EXPENDrruRE ON Raising funds 15,539 1S.539 19,072 Charitable •¢livilips Giants awarded 34.330 ¥330 28.391 Total 49,869 45.483 NEf IN¢OMEIIEXPENDITURe) 16811 16811 8,754 RECONCILIATION OF FUNDS Total frJnd8 brought foThvard 9.915 9.915 1,181 TOTAL FUNDS CARRIED FORWARD 9.234 9,91S The note8 foTh part 01th8se fin•n¢tsl slatemenls P4•5
The SJL Foundatlort alanc• shget 13th D8C8mbar 2023 2023 222 Totsl Vnresthcled Re5trthd nd fund$ Notes FIXED ASSETS T8ngtsle 8ss•ts 12 1S0 180 320 CURRENT ASSETS Debtors C8#h at benk 13 500 10.817 10,380 10,380 10.880 1qa80 11,317 CREDffORS Arnnts 1811iNJ duewthin year 14 11.8061 {1ID61 11.722) IET CURRENT ASSETS 9.074 9.074 9.595 TOTALASSEYS Less CURRENT LFABILfFIES 9.234 9234 9.915 NET ASSETS 9.234 9.234 9,915 FUNDS Unrfstiict•a ftTh18 15 9334 9.915 TOTAL FUHDS 9.234 9.915 Thè fjnancthAI 8tAtsmènts approved by the BoArd ol Tru5tses and aujhorisl for issue on .. and were svJnwJ on ts bohaifby. S J LaThter. TnJsts8 The notes femi pwt of these f•*n(aal statomenis Page 6
Tho WL Foundatlon Notes to th• Flnanclal Statèrn4nts for tho Year Enrled 13th De¢ember2023 STATUTORY INFORMATION The SJL Foundatton ts a ¢haritabte incorporated organisation regi$t&rod with th Charty Corrwnlssion for En9land and Wales. AccouNllNG POUCIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The flnan¢ial staternents of the charity, which a publi¢ benefit tntity under FRS 102. h8ve eTh Pfepared th aCCNdan wFth the Charitie8 SORP IFRS 1021 'A¢Gounling and RepDrting by Charibss" Statement of Recommended Practice applicable ¢0 chariti89 preparing their a¢¢ount8 in ardarKe with tho Finwci&l Reporting Slandgrd appli¢8ble in the UK and RepuWio of Iielan%J IFRS 1021 leffe¢twe 1 JaTruary 2019}', Finanrial Report¢ng Stsrtdar 102 'Th6 Flnanaal StarKlaril appIable in the UK and Reputsb¢ of Iroland, aRd the Charities Acl 2011. Tho finanaal statements haw L8n ptèpartd uTrder Ihe th"storfe41 cost convalltion. INCOME l incomè is rncognwd In the Ststement ol FInancl Athvitiès the th8Ttty h8¥ Ontidement to thts lunds, r( is probable Ihatthe trQme w411 be mceived and thg wnountcan be meesured rdiably. Donalions ar? recogni$8d on a receivable basis Iwhero there arè no perfomign¢£-rdated condttk)n8lheTe tho ro¢9iPt k¢ W¢abb and the amotrjnt can be ffjeasured rdjabty. Donatsd goods and services ar8 measured at fair Val when (trol over tha e¢xsnomic beneflt has passed to th8 charity. Fundrolsing event In¢ome (including income from sponsorship of such evenlsl is ¥8cogri58d wh8n the r8latiThg e¥ents am ¢JrwJèrtaken. In¢orre from r8fflès srtd aLKons 1$ recognlsed w the 7Trners i)f $uth 8d1vit9 arB announegd laThJ relabng prlzes a 1$sts to th08e lnnèr51. EXPENDITURE Liabile$ are rewJrhlsed as oyp8ndlbJra 8S $Lwn as th8rÈ 1$ a tegal or wngtruthe obfigalion cammittng the charity to that expÈnditure, it 1$ probable th a trarY4frr of econgmio benafits bo required In settlement and tts amount of the otligalitin cart be Measu reliabty. Eypfynditu is ac¢ount lur on an accruals basts an has been ¢lassified tJnd&r heaijings that a99re9ate all ¢ost Tdatsd to th• GalEgory. Whore Gosls cannot be threcly attributgd to partioular he¢rS thay havg bggn allo¢akd to a¢b¥its"g$ on a basis nslnt with th¢ u89 ofras0ur. Grants payablg are r8¢ognB&l as a liabilty only when th& ¢riteria for a COtfu¢ll¥e obli98tion are met. pay[nI Is probabty. it be measurèd reliabiv and thgrd are ¢oThAibons attathsnj to payThont that limit its rEctranifyOn. TANGIBLE FIXED ASSETS DeprecitJon is yomded at fdlowkig annual rAtes in ordw to off as88t ov8r ts 8sllmat&l weful Irf• Fr08 ond ffttin98 . 20% on $t TAXATION Thè thaF1ty is exwnpt frcffl tsx on ils charitabl& acti#3. FLIND ACCOUNTING Unrestrf¢ted fu1$ con ts used a¢ranCe vmh th8 th•rtIab oblecb.ws at the di8cretkn ofthe trust80& Res1rictod fvnds can only be uGed br partic¥l3r wtricted purposes %4fthin thg Obje OF thg tharity. Restridions adsa sp&ifieAI by dLwor when hjnds are r8lÉed forp8rtKularrestrfct8d pxrposo& Furttrr gxplanalJn ofthe natLY8 and pu050 of8ach fvnd Is indudgd in Ihe not95 to the ffinanad slatsnts. FINANCIAL INSTRUMENTS The ¢harrty has electsd to apwty t prothMJn$ of S8cti(ffi 11. 8asic Financlal Instruments, Se¢b"rm 12 '1)ther Financ481 Ir¢trum8nts15¥Uè5' Ffis 102 to 411 Of tts financJal Instrurn8nts. Financial instjmxents are recewised Ihe ¢harTrtyi¢cmeJ potyto conval worf*¢ns ofthe Énjlnment. Pag8 7 continue(l...
The SJL Found•tio to the Fin4ncffial 6tatèm•nts- ¢ontbnu•d for th• Y•ar End•d 13th Docember 2023 ACCOUNTING POLICES- ¢ontlnued FINANCIAL INSTRLIMENTS Fin8nL?81 assets are offset. with the net amounts in the 8c¢iKJnlg vthere Ihtrrg 5$ 8 gaI enfwctable ri9ht to set off tho feccgnised amounts and inlention to selue on 4 net basis tx to realise the asset aTrd 88id8 tl liabiNty swirftan8ou8W. B•slc Flnan¢tal Asvts Ballc financiql assets, vthich irKludg tra(19 othBr reIVa&S and cosh ond bgnk bal8nces, are measure(l at transarknoD price includirfj transacthon costs and aro subsequenljy carried at amortised eost using tho trffècti Interest metho(S unless ihe arranggrnent constytutes a finan¢ing transaction. where the tsaraCtion is measttred ot Iho prèsant vdue olthe frJtur• woipts Itscoted at a marf(ot rats ol Inter8St. Ba8lc Flnancial Liabi1Sti•8 Ba$1¢ financial liabl1185. thludiry trade and other payatrS. ar8 InTlY recognised 8t trar]saction prw unless the grwgernentconstitutss a ffinanciw tran$a¢li>n. Whe the debt InstrLunent is m985ur8d at the presenl of future receipts. di8¢ount8d at 8 markel rate ol interest Debt instwrnents are bUen1Y carried at am01t cosL Ing the effactive Interest rate m8thDd. Trade p8yabkn ¢JblwJatioD$ to pay for WLKl¥ ot seNos that he%¢ len ac4ulred the orinary of ¥)e operatlons from $LyplieTS Ac¢ounts p3yoblg are dassifiEd a5 curTrnt li8txlitie5 il payment is due one yesr or lèss. If Mt. thèy ar6 pr8senled as nOrrrent liabtltses. Tr8d8 pay8b18s are reGognisEd initially at tr8nsacts.on c03L DONATIONSAND LE¢UCIES 2023 2022 Dwotions R8laled paity donatio Donated Se¥ and taulit9 2,676 16A20 ?.708 4,124 7,173 9,720 20.804 21,017 OThER TRADING ACTivmES 2023 2022 Batl titst sa aNI sponsors Quvi ti¢*et and sp(kllsor5 Raffle tion 22.215 1.300 1.140 3,729 16.871 2,224 2.014 12,091 33,200 P•Je 8 conlbnLd...
The SJL Foundatlon Note¥ to the Finanetal Ststsrnonts. contlnu for thg Year Endèd 13th Oe¢ember 2023 RAISING FUNDS RAISING DONATIONS AND LEGACIES 2023 Sponsored 8vent places Sundry fundraising Costs Annual b811 ¢o$t5 Quiz ¢osts Audon and r¥ffle pnzes Fundraising commi10 1.060 234 12.2gO 1,100 4.190 198 274 12,500 818 1,897 50 14339 19,072 CHARITA8LE ACTIVITIES COSTS GraF¥t fundiro of actiwibe$ l$eo note 71 Support eosts Isee not8 81 To¢&$ Grants awarded 33.201 1,122 34.330 GKAiifs PAYABLE 2022 Grants aw8rd 33208 25,711 The total 9ranis paid to Ititu110n$ dvrtng the year was as follow5.' 2023 2022 A¢oms Hospice ZeJ)ftJl Men MND Assoclalon 30.368 iooo 8$2 25,000 33.208 2S.000 Tl g¥antspaSd to indNiduafs durinu t? ye8r wa$ as ftsJl¢ws". 2023 2022 Hand in Hand for Oscar 711 SUPPORT cosrs Govemanc• ¢osts Flnance rotals GTaTrb awardgd 198 924 1.122 Pwje g
Th• SJL Ftsundafjon Notss to th• Flnan¢Fal St4t•rnents- contlnuod forth• YaY Ended 13th De¢embor 2D23 SUPPORT COSTS- eontlnued Support eosts, inrJud8d in t abovq 8T9 88 fall 2023 Grants aW8d 2022 Total a¢bvitpg5 Bank charyes DepwatiDn oftangiblo fixed a$8ets Indep8ndent èxaminatlon f8 38 160 924 1É0 462 1.122 TRUSTEES, REMUNERATION AND BENEFs Ther8 were rs0 trJ8tees' remunwatlon or tsthar benefits forthè year ended 13th Dec4mber 2023 nor for the yr enthl 13th December 2022. TRUSTEES. EXPENSES Ther& we no Iw8tees' eypen8es paid for the year ended 13th Oe¢wnber 2023 nor for th8 year wded 13th Decombw 2ff22. STAFF COSTS The Charity had no Omploy in Iho ar12022. Nil) and as a uthere wgr¢ no $tatfcosts. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Urwestricted lund Restricted fund Totsj fund8 INCOME AND ENDOIVMENTS FROM Donations and tegaL48S 21.017 21,017 Oth&rtrarfirvJ actiwii¢8 33.200 33,200 Totsl ,217 54217 ExPENDvRE QN Rai%rYJ thjnds 19,072 19,072 Charltable activithes Grants awarded 26,391 26.391 Tolal 45,463 45,483 NEf It4COME 8,754 8,754 RECONCILiATIQN OF FUNDS Tolal fullds bmught fomard 1,161 1.161 TOTAL FUNDS CARRIED FORWARD 9,g15 9.915 P•J¥ 10 conlnued...
rhe SJL Fouttdatitin lotes to the Flnanel41 St•ttments- contlnuod forlh& Yo•r Ended 13th DècembtT 2023 12. TANGIBLE FIXED ASSETS Fixtures and fittlws COST At 141h Dttembof 2022 and 131h December 2023 800 DEPRECIATION At 14th De¢ember 2022 Charge for year 160 At 131h Dei*mber 2023 NET BOOK VALUE At 131h OeL%mber2023 160 At 131h Decembof 2022 320 13. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Prepayment8 CREDITORS.. AMOUNTS FALUNG DUEwmiiN ONE YEAR 2023 2022 Tradg ¢ditOrS Accruals 924 1.722 1& MoveMENT IN FUNDS Net mtsvèmèiit In fvnds Al 13.1123 14.12.22 Vnre$tricted funds General fund 9.915 1681) 9,234 70TAL FUMDS 9,916 16811 Net movement in funds. induded In th8 aèova are as knlows". Incoming t8iour¢es expended funds Unre$tricled lund• G8neral fund 49.188 (49,8891 TOTAL FUNDS 49.188 149.8691 P4e 11 continuèd...
The SJL FouFJdation Nots$ ttr th• FFnan¢lal Statement8- ¢ontlnwd f4xthe Year End•d 13th D•combèr 2023 MOVEME1 IN FUNDS-¢ontlnued ¢ompArative$ for movqfflont In fund• Nat rnQVem8nt in lund& 14.12.21 1112.22 UThrèsbl•d funds Ganefal fund 1,161 8.7S4 9.915 TOTAL FUNDS 1,16f 8.754 9.915 Compatth net rnowmt ID fvnd¥. &[jed in the abo ar8 as folky•Ls: Incomu Resourees expentled Movernent in hJnds Vnrgstrlctsd lund$ G8ner81 fvjnd 54.217 145.4631 8,754 TOTAL FUNDS 54.217 145,4631 8,754 16. RELATED PARTY DISCLOSURES During the year tho charity rec8Ned donations trom SJL IWortell Lnntted totsllSNJ £16,420 (2022.. £7,173?. SJL IWorce5tsrl Is kntholly ownod by founthng ttust88 S J LanG8steT. DuiM)g the year the charity also tsceTrd don2tlons from SJL TrVcsteIl timitad trtdling £1,709 12022, £9,720), belng the valuè of accnuntancy and Èundryexpenditure which was paid by SJL IWorc8sterl Limif8d 8nd Was not fharj to the Foundation. Page 12
The SJL Foundatlon D•tailed Statement of Flnanelal A¢tlvlll8s forfhe Yoar Ended 13th Decgmbtr 2023 2023 2022 INGOME AND ENDOWMENTS Donatlons and 18gacl•s Donation$ Related party donatknns D¢)n8ted $eThitss and facil'bes 2,676 16.420 1.708 4,124 7.173 9.720 20,804 21.017 oth•r tsadlng actlvltlg• Ball ticket sales and Sponsors Quit ticket sale$ and sponso Rar Auttion 22,216 1.300 1.140 1729 16.871 2.224 2,014 12.091 2B.384 33200 Total I&mIng rosoure•a 49.188 54,217 ExpeNDITURe Ralslng donat&ons and legacle8 Sponsored event placea Sundry fundrai&ng cost Annual 1 ¢o$ts Qufz costs Auction and raffle prrzes Fundraisiry o)mmis8ion 274 11600 818 f.097 50 234 12.290 1,1¢)0 4,190 198 15.639 19,072 Charftable acti¥ili• GFants to instiithtons Grants to individuaL8 34208 25.000 711 25,711 Suppcrttoat8 In8n¢e aNr charggs FixbJre8 and filtings 38 160 198 218 GoYèrn4ncg Costs Independent examina0 fe89 924 Total resrceS expended 49.869 4S,483 NOt1ndItreY[nC0Mt {6811 8,754 This PAgèd¢e8 notfonn part of the statutory financial statem8nts Pago 13