REGISTERED CHARrrY NUMBER.. 1183875 Report ofth8 Trustees and Financial Statements for the Year Ended 13th December 2024 The SJL Foundation Richar(Is SaThJy Partnèrship ThOme1( House 25 Bart)oume Road worter WOrsterShi1e VVR1 1RU
The SJL Foundation Contents of the Financial Statements forthe Year Ended 13th December 2024 Pag8 Reference and AdmlnTstrative Detalls Report of the Trustses Independent ExamIne$ Report Statement of Flnancial Activities Balanet Sheet Notes to the Financial Statements 7 to 12 Detailed Statement of Financial Activitles 13
The SJL Foundation Referen¢? and Adminlstrntive Delalls for the Year Ended 13th December 2024 TRUSTEES S J Laneaster K Hanson K Evans S Lanc2ster R G McKechnie PRINCIPAL ADDRESS Suite C. The Kays Bttildir 23 The Tything Worcester Worcestershife WR1 1HD REGISTERED CHARITY NUMBER 1183875 INDEPENDENT EXAMINER Rithards Sandy Partneh1p Thomeloe House 25 Barboume Ro&J Worcester Worcesletshi WR1 1RU Page 1
The SJL Foundation Report ofthe Tnte¢S for the Year Ended 13th December 2024 The trustees psent their report with the finanaal 5taternents of Ihe ch8nty for the year ended 13th December 2024. The trustees have adopted the provisions of Accounting and Reporbng by Charities Statement of Recornmended Pracb"c8 applic8ble to chantie5 preparing their accounts in accordance with the Finanrial Reporbng Standard applicable in the UK and Republic of Irdand IFRS 1021 leffe(ive 1 January 20191. OBJECTIVES AND ACTIVITIES Obje¢tive5 and aims The objective of the charity is to advanc£ such tha(itabk purposes for the benefft of the public. as the trustees see fit from time to time, in parbcular. but not limited to making grants to charibes. or other organisatsons working to advance charitable purpose. Public benefit The trustees confirrn that The SJL Foundab"on has CLpIled vrith the duty in section 17151 of the 2017 Charities Act to have due regard to guidano on pu1¢ benefit when reiewng the thartws aitns a¥¥J objecti%E5 and in planning future activities. ACHIEVEMENTS AND PERFORMANCE Charitable and fundrdising a¢tNlties We held a successful Ball in the year raisirvJ £20.C#)O. which was [8 to issue a grant of £19.(KJO to Acoms Children's Hospice sh¢Ytly after yearend. Fundraising policy Our approa¢h to fundraising is to encourage motivated indiwduals and cThmpanges to help us raise vduntary fijnds to support our aims and aCti"e$. We ensu fundraising doesn't put members of the public or our team under undue pressure to donate and mplY UK data protection and are Wiste wth the fundraising fegulator. We have ceived no fundraising complaints to either staff or trustees to ¢Jate. FINANCIAL REVIEW Flnan¢ial review Incoming resources for the year were £31.38612023.' £49.1881 and resour &Upend were £39.81912023." £49.8691. Net expenditure for the year amounted to £8.433 12023.. £6811. The total tunds of Ihe tharity at 13 Decernber 2024 amounted to £80112023." £9,234). Reserve$ policy The charity's unresthcted reserves. excludiNJ fixed as58ts. £801 at 13 Decernbèr202412023". £9.0741. The trustees believe minimal reserve velS are requith in Ihe tharity. with few overheads and the aim of 8vfdrding a5 Many grants as possible. Reserves have decreased followng the awarding of 9rants in the last 2 years . but remain sufficient. The TNstees wll fftmew the finanrial posth.on in tte next year. FUTURE PLANS The trustees plan to continue fvndraising to raise enough money to allow foi fvture grants to awarded in line wth their charitae objectNeS. STRUCTUR& GOVERNANCE AND NAGEMENT Governing document The charity is controlle¢J by its governiThJ document. a o)nsltub"on. and nstrtuteS a charitsble incorporated organisatron ICIOI. The chanty is regislered in ENJland & Wales wlh the registrab.on numbei 1183875. Recrultmènl and appointment ol new tYu$tees The 8XlSting trustees have sole rK)wer to appoint and train trustees. New trustees are seletsd based on personal commendations fron conts¢t5 the exisbThJ trustees. Dect$ion making The Trustees tneet regularty to conshler wly. inib.ale hjndraisiry proiects and ¢Jecide on requests lor grants. Decisions are rnade by majority vote. The day to day runnirKJ of the charity is rfoed by IEuslee. S J Lancaster. Induction and trainin9 of new trustees New trustees re1ve inducbon infomally on trustee SponsIbl11ty and Ihe affaits olthe Foundats"on as necessary. Page 2
The SJL Foundation Reptsrt ofthe Trustees for the Year Ended 13th December 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Risk rnanagemet)t The Iwstees have a duty to idents.fy and reW the risks to %vhi¢h the charity is exposed and to ensure appropriate Controls a in place to provKle reasonable assurance against fraud and error. The trustees have assessed the major risks to vthich the charity r5 eXPOS8d, and are satisf*d that Systems are in place to mthgate exposure. Approved by order ofthe board of ¢ntstees on ...... . ar 5Jrd on its behalf by.. SJLa ster- Trustee Page 3
Independent Exarninerfs Report to the Trustees of The SJL Foundation Independent examinorf$ report to the trustees of The WL Foundation I report to the charity trustees on my examination of Ihe accounts of The SJL FOunda)n (the Trustl for the year ended 13th December 2024. Responsibilities and basis of report As the charity trustees of the Twst you are respoftslb Ihe preparation of the a(Unts in accordance wth the requirements of the Charitres Act 2011 Ilhe ACYI. I report in respect of my examinab.on of the Trnsfs accounts carrie<l out uler Seth"on 145 of the Act and in carrwng out my examination I have followed all applicable Diwtions gwen by Ihe Charity Commission ur¥Jer Section 14515llbl of the Act. Independent examlnerfs Statement I have completed my exarninab"on. I confirm that no matenal rnatters have come to my attention in connection wth the exaFninats"on gNing me cause to believe that in any tnatetial reyct accounting records were not kept in respect of the Trust as required by Secbon 130 of the Art or the accounts do not accord with those records". or the accounts do not comply wrth the applirable requirements rA)nc£ming the fomi and ¢ontent of accounts s8t out in the Charities (Accounts and Reports) Regulations 21108 other than any requirement that the accounts give a true and fair vwwhi¢h is not a matter $erj as part of an independent examination. I have no cOnrn$ and have come across no olher matters in nnectiOn th the examination tts which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Melissa Gcmjwn ACA ACCA Tre Richard5 Sandy Partnership Thomeloe House 25 Barboume Road WorrAster Worr£stershire WR1 1RU Datè". Page 4
The SJL Foundation Ststernent of Finan¢ial A¢tfvltles forthe Year Ended 13th De¢ember 2024 2024 Totsl funds 2023 Total funds un$bitte(l Restricted lund fund INCOME AND ENDOIMIENTS FROM Donations and legacies 13.961 13,%1 20,804 Other trading actimties 17A25 17,425 28,384 Total 31,386 31,386 49.788 EXPENDITURE ON Raising funds 19.677 19.677 15.539 Charitable activities Grants awarded 20,142 20,142 34,330 Total 39,819 39,819 49,869 NET INCOMEIIEXPENDITURE} 18A331 18,4331 16811 RECONCILIATION OF FUNDS Totsl funds brought forwarij 9.234 9.915 TOTAL FUNDS CARRIED FORWARD 801 9,234 The notes lom) part ofth85e financial ststements Page S
The SJL Foundation Balancè Sheèt 13th December 2024 2024 Total fund5 2023 Total funds Unrestricted fund Restncted fvnd Notes FIXED ASSETS Tangible assets 12 160 CURRENT ASSETS Debtors Cash at bank 13 500 10,380 21.685 21,885 21,685 21,685 10.880 CREDITORS Amounts falling duè bwthin one 14 120.8841 120.8841 11.8061 NET CURRENT ASSETS 801 801 9,074 TOTAL ASSETS LESS CURRENT LIABILITIES 801 801 9,234 NET ASSETS 801 9,234 FUNDS Unrestricted funds 15 801 9,234 TOTAL FUNDS 801 9,234 Th8 financi81 statements wwe approved by the B03td ol Trustees and authorised for issue . and were signed on tis behair ty. on S J Lanc25ter- Trustee The nole5 fowm part of these financial statements Page 6
The SJL Foundation Notes to the FFnancial Statements for the Year Ended 13th Decernber 2024 STATUTORY INFORMATJON The SJL Foundats"on is a charitable incorporated onJanisats"on registwed v•ith the Charity CL¥llmission for England and Wales. ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the chatrty, wthich is a public nefit entity under FRS 102, have been prepared in accordance with the Chanties SORP IFRS 1021 'Accounting and Reporbng by Charities.. Statement of Recomrnend Practi applicable to ¢harits"es preparing their arLounts in accordanr£ with the Financial Reporting Standard applicable in the UK and Republic of IrelaThl IFRS 1021 leffective 1 January 20191., Financial Reporting Standard 102 The Finanual Reporting Stsndard applir2ble in the UK and Republic of IrelaThJ' and the Charities Act 2011. The finanal statements ha¥e prepared under the histori¢al cost convention. INCOME All income is recognised in Ihe Statement of Financial Acbwties On the chanty has entilement to the funds. it is probable that the income wll be received and the arnottnt can be measured lIablY. Donations are recognised on a receivable basis (there there are no perf0Mn-relaIed coryjib.onsl where the receipt is prd)able and the amount can be measured reliably. Donated goods and seTrices are measured at fair walue contr(A over Ihe econornic benefit has passed to the charity. Fundraisiro event income lincludrrvJ Tncorne from sponsorship of suth eventsl is recognised vthen the lating events are undertaken. Income frorn raffles and auctons is wognised when the ¥Mnners ol suth activitie5 are announced land the relafy'ro prizes are is5 to those wnnetsl. EXPENDrruRE Liabilities are recognise(l as e%penditure as soon as thère is a legal or ¢Structive obligation committing the charity to that expenditure, it is probab that a transfer of economic benefrts will bè required in settletnent and the amount of the obligats.on <xn be measured reliably_ Expenditure is accounted ftlr on an accruals basis and has beell ctassified urKlei headings that aggregate all cost related to the category. Vvhere wst5 cannot be I¢11Y attributed to parbcular headings they have been allocated to acttvjtses on a basis consistent Vvith the use of r&50urces. Grants payable a ¢(jnIsed as a liability vthen the criteria for a constructive obligation are met, payment is probabty, it can be rneasur8d reliably and there are no ¢onditiMs attaching to ifs payment that litnit it'5 cognition. TANGIBLE FIXED ASSETS Depreciation 1$ prowded at the fdlwThJ annual rates in ord8r to Mite off each asset over rts estirnate(l useful Fixtures and fith"rKJs 20% on c05t TAXAllON TIE charity is exempt frcffi tax on its chaiit*Ae acbwbes. FUND ACCOUNTING Unrestricte(I funds can used in accoNIan wlh the tharitable obj'ectives at the discxetion of the trustees. Restricted funds can only be used for particular restricted purposes within the oty'ects ol the charrty. Restrictions 8ri5e when specified by the donor orwhen ftjnds are raised for particular restricted purposes. Furtherexplanal'on ol the naiv and purpose ofeach fvnd is Ind in the notes to the financial statements. FINANCIAL INSTRUMENTS The charity ha5 elected to apply the provsK)ns of Section 11. Basic Finanoal Instruments. and Seclion 12 '0ther Finanaal Instruments Issues, of FRS 102 to all of its finanoal rnstrutlleats. Finanaal instruments are recognised wn the chanty b6oNne5 party to contsactual provisions of the instrument. Fianal assets are offset. with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and the is an intenb.on to setue on a net basis or to re81ise the asset and sewe the liability simuttaneously. Page 7 cOn.nued...
The SJL Foundation Notes to the Financial Statements- continued tor the Year Ended 13th December 2024 ACCOUNTING POLI¢IES- continued FINANCIAL INSTRUMENTS Basic Financial Assets Basi¢ financial assets. which iJKaude trade and other receivabbes and cash and bank balan, are initl8lly measured at transaction price InclLKling transaction costs and are subsequently carried at amortssed cost using the effective interest method unless the arrangement constitutes a financing transaction. there the transaction is measured at the present value ol the future recewts dsscounted at a market rate of inteie5L Basic Financial Liabilities 8asic finanaal liabilities. induding tra and other payables. a inthalty recognised at transaction pri unless the arrangement constituies a financing transaction. where the debt instrument is measured at the present value of future receipts. discounted at a rnarket rate of interest Debt instruments are subsequently carrie(l at amortised COSL usiw th8 affective inleresl late melhod. Trade payables are obligab'ons to pay for goods or serriees lJ)at have been a&]uired in the ordinary course ol the operations frorn suppliers. Acmunis payable are dassif*d as oJrrent liabilities if payment is due Nwthin one year or less. If not. they are penknY as nOnrrent liabilibes. Trade payables are recogni5ed initially at transactiort cost. DONATIONS AND LEGACIES 2024 2023 Donations Related paty donations Donated semces and faL¥litièS 1654 2.676 16.420 1.708 11.307 13.961 20.804 OTHER TRADING ACTIVITIES 2024 2023 Ball tid(et sales and 5ponsor5 Quiz ticket 5a18s and sponsor5 Raffie Auction 14,580 22,215 1,300 1,140 3,729 1,025 1,820 17.425 28.384 RAISING FUNDS RAISING DONATIONS AND LEGACIES 2024 2023 Sundry fundraising costs Annual ball costs Quiz costs Auction and raffle prizes Fundraising commission 274 12,500 818 1,897 50 9.152 10.475 50 19.677 15,539 Page 8 Continued...
The SJL Foundauon Notes to the Financial Ststements- Continued for the Year Ended 13th December 2024 CHARITABLE ACTIVITIES COSTS Grant Jnding of ac*wbes Isee note 71 Support costs (see note 81 Totals Grants awarded 19,000 1,142 20,142 GRANTS PAYABLE 2024 2023 Grants awarded 19,000 33.208 The totsl grants paid to instrtutions during the year was as fot1tr4VS". 2024 2023 Acoms Hospice Zenful Men MND Associatson 19.0th) 30,368 2.000 19.000 33,208 SUPPORT COSTS Governan costs Finante Tota15 Grants awarded 182 960 1.142 Support costs. induded in the above, are as follow5." 2024 Grants awarded 2023 Totsl actiltieS Bank charges Depciall0n ol tangible fixed assets Independent examination fees 22 160 960 38 160 924 1.142 1,122 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, MUneT.0n or other beneffts for the year ended 13th December 2024 nor for th6 year ended 13th Decernber 2023. TRUSTEES. EXPENSES There were no trustees. eypenses paid for the year ended 13th December 2024 nor for the year ended 13th December 2023. Page 9 conts"nued...
The SJL Foundation Notss tts the Financiaj Stat•ments- continued for the Year Ended 13th December 2024 10. STAFF COSTS The charity had no employees in the year12023". Nil) and as a result the no stsff costs. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES un$1Cted fijt Rests)cted fund Totsl fvnds INCOME AND ENDOWMENTS FROM Donations and legac$ 20.804 20.804 other tra¢Jing actimties 28.384 28,384 Total 49.188 49,188 EXPENDITURE ON Raising fvnd5 15.539 15.539 Charitabl• activitiès Grants awarded 34,330 34,330 Total 49.869 49.869 NET INCOMEIIEXPENDITUREI 1681} 16811 RECONCILIATION OF FUNDS Total fund5 brought forward 9,915 9,915 TOTAL FUNDS CARRIED FORWARD 9,234 9,234 12. TANGIBLE FIXED ASSETS Fixtures and fftb.ngs COST At 14th Decernber 2023 and 13th Dember 2024 800 DEPRECIATION At 14th Dernber 2023 Charge for year 640 160 At 13th ernber 2024 800 NET BOOK VALUE At 13th Dember 2024 At 13th Dember 2023 160 P*Je 10 onts'nued...
The SJL Foundation Notes to the Financial Statements - ¢ontinued forlhe Year Ended 13th December 2024 13. DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2024 2023 ppayMents 14. CREDITORS.. AMOUNTS FALUNG DUE wmiiN ONE YEAR 2024 2023 Trade cAitors Grant creditor Accruals 924 19,000 960 882 924 20.884 1.806 15. MOVEMENT IN FUNDS Net movement in funds At 13.12.24 14.12.23 Unrestricted funds General fund 9.234 18A33} 801 TOTAL FUNDS 9.234 18.4331 Net movwnent in nds. it)duded in the aLe ate as foNows". Incorning resource5 Resources expended Movement in funds Unr•strictod funds General fuThJ 31.386 139.8191 18,4331 TOTAL FUNDS 31,386 {39,8191 {8.4331 ComparatiV8s for movernent in funds Net movement in ftjnds At 14_12.22 At 13.12.23 Unrestricted funds General fund 9.915 {6811 9,234 TOTAL FUNDS 9.915 16811 9,234 Comparative net movement in fiJThJs. rndu(kd in the abo¥e are as loj10.. Incorning re50urce5 Resour$ expended Movement in funds Unrestricted funds General fund 49.188 149.8691 16811 TOTAL FUNDS 49.188 149.8691 16811 Pagè 11 continued...
The SJL Foundation Notes to the Financial Staternents- continued forthe Year Ended 13th December 2024 16. RELATED PARTY DISCLOSURES Dur5ng the year the chartty 1Ved donab.ons from SJL {Worter) mited totalling £0 12023.. £16.4201. SJL Iworeesterl limrte(l is wholly owned by foundirKJ trustee S J Lancaster. During the year the thanty also received donated serwces aTvJ faulibes from SJL (Worcesterl Limited tolalling £932 12023." £1.7081. being the value of accountancy and fvndraising cornmi5sion expenditu which was paid by SJL (Worcesterl Limited and vra5 not techarged to Fouva.Qll. Page 12
The SJL Foundation Detailed Statement of Financial Activities for the Year Ended 13th December 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacles Donations Related paty donations Donated services a1 facilibes 2,654 2.676 16,420 1,708 11,307 13,961 20.804 Other trading aetiviti•$ Ball ticket sales and sponsors Quiz tscket Sales aNd sponsors Raffle Auction 14.580 22,215 1.300 1.140 3,729 1.025 1.820 17.425 28.384 Total incoming resources 31.386 49.188 EXPENDITURE Ralslng donatlons and legacles Sundry fundraising costs Annual ball cost5 Quiz costs Auction and raffle prizes Fundraising commission 274 12.500 818 1.897 50 9.152 10.47S 50 19.677 15.539 Charitab18 activities Grants to In5titution5 19,000 33.208 Support costs Finance Bank charges Fixtures and fittings 22 160 160 182 198 Governance costs lThJependent examinatton fees 960 924 Total resourTr5 expended 39,819 49.869 Net expenditure 18,4331 16811 This page does not form part of Il* ststutory finanoal statements Pe13