2024-11-01-accounts - The Luca Foundation

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Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE

The Luca Foundation

Charity No. 1187204

Trustees' Report and Unaudited Accounts

01 November 2024

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation Contents

	Pages
Trustees' Annual Report	2 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Statement of Cash flows	8
Notes to the Accounts	9 to 14
Detailed Statement of Financial Activities	15 to 16

Page 1

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE

The Luca Foundation

Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 1 November 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1187204

Trustees

The following trustees served during the year:

A. Beaumont

S. Garlick MBE

B. Jeffery

S. Luca-Chatha

A. Samra

J. Shabir H. Smiddy

Key Management Personnel

Chair S. Luca-Chatha

Accountants

Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL

Bankers

Lloyds Bank Plc 120 Lewisham High Street London SE13 6JG

OBJECTIVES AND ACTIVITIES

Aims, objectives and intended impacts Objects:

The objects of, The Luca Foundation, are to preserve and protect the health of parents and families who have suffered a stillbirth or neonatal death in particular but not exclusively by the provision of 'cold cuddle cots' and such other support as the trustees may from time to time determine.

Public benefit statement

The section of this report above entitled ‘Aims, objectives and activities’ sets out the aims and priorities of the Charity. The Trustees have considered this matter, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded:

That the aims of the Charity continue to be charitable;
That the aims and work done give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need;
That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay
That there is no detriment or harm arising from the aims or activities.

Page 2

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE

The Luca Foundation

Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

The charity successfully met its 2024 goals by raising over £10,000 and increasing repair efforts nationwide. We also heightened our awareness campaigns with the NHS across the country.

FINANCIAL REVIEW

Principal sources of funding

The principal source of funding for the Charity is from individual donors and charitable grants within the UK. Income in the year amounted to £26,455 (2023: £24,141) with expenditure of £24,534 (2023: £34,659). Costs were kept under rigid control during the year and monitored regularly.

Capital expenditure on fixed assets after the transfer of assets during the year amounted to £Nil (2023: £Nil). Fixed assets are used for charitable purposes and enable staff and volunteers to provide an optimum service to the public.

Reserves Policy

The Charity holds unrestricted funds which have been provided to the charity via donations and grants. The Trustees maintain sufficient cash reserves to meet on-going commitments.

The unrestricted funds represent income earned but not yet utilised in supporting charitable activities and amounted to £12,696 at the end of the year (2023: £10,774). At 1 November 2024, the charity held £13,716 (2023: £11,474) at the bank and in cash.

Going concern

The Charity reported a net cash inflow of £2,241 (2023: £10,168 net outflow) for the year and expects to make an inflow in the year to 1 November 2025 also. After making further appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence and for at least 12 months from the date of signing these financial statements, as required.

Key risks and uncertainties

The Trustees actively review the major risks which the Charity faces on a regular basis, in particular those relating to its operations and finances. They are satisfied that systems are in place to mitigate the charity’s exposure to the major risks. The risk management strategy comprises:

• A regular review of the risks which the Charity may face;

• The adequacy of current systems and procedures to mitigate those risks identified in the strategy; and

• The implementation of procedures designed to minimise any potential risk on the Charity should any of those risks materialise.

The strategy is reviewed regularly by the Trustees.

PLANS FOR FUTURE PERIODS

Future plans

For 2025, we have set similar objectives to 2024. We aim to continue raising awareness, securing funds, hosting events, and expanding our charity's impact.

We are committed to achieving even greater success in the coming year.

Page 3

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE

The Luca Foundation

Trustees Annual Report

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document/Constitution

The organisation is a Charitable Incorporated Organisation (CIO). The charity was established by Constitution signed and registered with the Charity Commission on 6 January 2020, under number 1187204.

Tax status

The charity is registered as a CIO and is therefore exempt from corporation tax and income tax.

Recruitment and training of trustees

The Board of Trustees currently consists of seven members who were recruited due to their commitment and expertise. Role descriptions, where applicable, are issued to each Trustee and a full induction is given setting out the obligations of a Trustee. The list of current Trustees can be found on page 2 of this document.

Organisational structure

The Charity is principally based in Kenilworth, Warwickshire but works with NHS hospitals and health organisations across the United Kingdom. The Trustees are responsible for the governance of the Charity, and the day-to-day management is performed by the Trustees and volunteers.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

S. Luca-Chatha Trustee 05 September 2025

Page 4

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation Independent Examiners Report

Independent Examiner's Report to the trustees of The Luca Foundation

I report to the trustees on my examination of the financial statements of The Luca Foundation for the year ended 1 November 2024.

Responsibilities and basis of report

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

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

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

CPAA

Solutions Accountancy & Bookkeeping Ltd

1 The Mews

Little Brunswick Street Huddersfield

HD1 5JL 05 September 2025

Page 5

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation

Statement of Financial Activities

for the year ended 1 November 2024

Unrestricted funds	Total funds	Total funds
2024	2024	2023
£	£	£

12,756	12,756	9,296
2,500	2,500	3,000
11,137	11,137	11,845
63	63	-
26,456	26,456	24,141

5,019	5,019	9,464
18,495	18,495	24,833
1,020	1,020	362
24,534	24,534	34,659
-	-	-
1,922	1,922	(10,518)
-	-	-
1,922	1,922	(10,518)

1,922	1,922	(10,518)

10,774	10,774	21,292
12,696	12,696	10,774

Page 6

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation

Balance Sheet

at 1 November 2024

at 1 November 2024
Charity No. 1187204 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 12 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds Reserves 13 Total funds	2024 £ 13,716 13,716 (1,020) 12,696 12,696 12,696 12,696 12,696 12,696 12,696	2023 £ 11,474
		11,474 (700)
		10,774 10,774
		10,774
		10,774
		10,774
		10,774
		10,774

Approved by the trustees on 05 September 2025

And signed on their behalf by:

S. Luca-Chatha Trustee 05 September 2025

Page 7

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation Statement of Cash flows

for the year ended 1 November 2024

Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Increase in trade and other payables Net cash provided by/(used in) operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2024 £ 1,922 (63) 320 2,179 63 63 - 2,242 11,474 13,716	2023 £ (10,518) - 350
		(10,168) -
		-

		-

		(10,168)
		21,642
		11,474

Components of cash and cash equivalents
Cash and bank balances	13,716	11,474

	13,716	11,474

Page 8

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation

Notes to the Accounts

for the year ended 1 November 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income 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 the income and related expenditure is expenditure reported gross in the SoFA.

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when received.

Page 9

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation

Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Governance costs These include those costs associated with meeting 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 expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation 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 reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation

Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Other trading activities Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Voluntary Donations 4 Income from charitable activities Grants	Unrestricted £ 12,756 12,756 Unrestricted £ 2,500 2,500	Unrestricted funds 2023 £ 9,296 3,000 11,845 24,141 9,464 24,833 362 34,659 (10,518) (10,518) (10,518) 21,292 10,774 Total 2024 £ 12,756 12,756 Total 2024 £ 2,500 2,500	Total funds 2023 £ 9,296 3,000 11,845
			24,141 9,464 24,833 362
			34,659
			(10,518)
			(10,518)
			(10,518) 21,292
			10,774
			Total 2023 £ 9,296
			9,296
			Total 2023 £ 3,000
			3,000

Page 11

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation

Notes to the Accounts

5 Income from other trading activities Events Sponsorships Fundraising Events & Tickets 6 Income from investments Interest Income 7 Expenditure on raising funds Fundraising trading costs Subscriptions Fundraising Events Advertising & Marketing 8 Expenditure on charitable activities Expenditure on charitable activities Cot Repairs Teddy Bears Courses Office Costs Governance costs Board Meeting Expenses Governance Costs	Unrestricted £ 5,300 5,837 11,137 Unrestricted £ 63 63 Unrestricted £ 519 3,600 900 5,019 Unrestricted £ 8,167 - - 765 330 9,233 18,495	Total 2024 £ 5,300 5,837 11,137 Total 2024 £ 63 63 Total 2024 £ 519 3,600 900 5,019 Total 2024 £ 8,167 - - 765 330 9,233 18,495	Total 2023 £ 5,899 5,946
			11,845
			Total 2023 £ -
			-
			Total 2023 £ 216 9,248 -
			9,464
			Total 2023 £ 10,438 5,610 565 966 - 7,254
			24,833

Page 12

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE

The Luca Foundation

Notes to the Accounts

9 Other expenditure

of £60,000.	Unrestricted £ - 1,020 1,020 2024 £ 1,020 2024 £	Total 2024 £ - 1,020 1,020	Total 2023 £ 12 350
			362
			2023 £ 350 2023 £
	1,020		700
At 2 November 2023 10,774 10,774	1,020 Incoming resources (including other gains/losses ) £ 26,456 26,456	Resources expended £ (24,534) (24,534) Unrestricted funds £ 12,696 12,696	700
			At 1 November 2024 £ 12,696
			12,696
			Total £ 12,696
			12,696

Page 13

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation

Notes to the Accounts

15 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Net debt	At 2 November 2023 £	Cash flows £	At 1 November 2024 £
	11,474	2,242	13,716
	11,474 11,474	2,242 2,242	13,716
			13,716

Page 14

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE The Luca Foundation

Detailed Statement of Financial Activities

for the year ended 1 November 2024

Income and endowments from: Donations and legacies Voluntary Donations Charitable activities Grants Other trading activities Events Sponsorships Fundraising Events & Tickets Investments Interest Income Total income and endowments Expenditure on: Costs of other trading activities Subscriptions Fundraising Events Advertising & Marketing Total of expenditure on raising funds Charitable activities Cot Repairs Teddy Bears Courses Office Costs Governance costs Board Meeting Expenses Governance Costs Total of expenditure on charitable activities General administrative costs, including depreciation and amortisation	Unrestricted funds 2024 £ 12,756 12,756 2,500 2,500 5,300 5,837 11,137 63 63 26,456 519 3,600 900 5,019 5,019 8,167 - - 765 8,932 330 9,233 9,563 18,495	Total funds 2024 £ 12,756 12,756 2,500 2,500 5,300 5,837 11,137 63 63 26,456 519 3,600 900 5,019 5,019 8,167 - - 765 8,932 330 9,233 9,563 18,495	Total funds 2023 £ 9,296
			9,296
			3,000
			3,000
			5,899 5,946
			11,845
			-
			-
			24,141 216 9,248 -
			9,464
			9,464 10,438 5,610 565 966
			17,579
			- 7,254
			7,254
			24,833

Page 15

Docusign Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE

The Luca Foundation

Detailed Statement of Financial Activities

The Luca Foundation Detailed Statement of Financial Activities Envelope ID: 6CD4D718-4755-4BAC-8FE8-7AC575A9F0FE
Sundry expenses Legal and professional costs Independent examination fees Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	- - 1,020 1,020 1,020 24,534 - 1,922 1,922 - 1,922 10,774 12,696	- - 1,020 1,020 1,020 24,534 - 1,922 1,922 - 1,922 10,774 12,696	12
			12
			350
			350

			362
			34,659 -
			(10,518)
			(10,518) -
			(10,518)
			21,292
			10,774

Page 16