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** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total**
**Expenditure on:**
Raising funds
7
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net income/(expenditure)**
10
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**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** |General administrative costs
Legal and professional costs
10 **Net income/(expenditure) before transfers**
This is stated after charging:
Independent Examiner's fee
11 **Staff costs**
No employee received emoluments in excess
12 **Creditors:**
amounts falling due within one year
Accruals
13 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
14 **Analysis of net assets between funds**
Net current assets|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