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2022-12-31-accounts

Charity registration number 1188150

THE BEN RAEMERS FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

PAGES FOR FILING WITH REGISTRAR

THE BEN RAEMERS FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Trustees L Beg-Baloch F Bortoli S Crome R Mathieson Charity number 1188150 Principal address Flat 4 120 Gowers Walk LONDON E1 8GG Independent examiner Friend-James Limited 4th Floor, Park Gate 161-163 Preston Road Brighton East Sussex BN1 6AF

THE BEN RAEMERS FOUNDATION

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 14

THE BEN RAEMERS FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's objects are to relieve the needs of people with mental health issues or those at risk of mental health issues. In particular but not exclusively those within the skateboarding community in the UK by:

The overall aim of the foundation is to help prevent loss to suicide. We want to enable the skateboarding community to have opportunities to develop the skills and tools needed to support each other to understand and address mental health by:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The foundation considers the considerable fundraising activities from our networks a part of volunteering. The people who attend are events and take part in training are also volunteering their time to advance the cause.

We are working on developing a volunteering offer for future delivery.

Achievements and performance

Despite the global pandemic which meant that we had to reevaluate our plans for delivery, the trustees see that the Foundation adapted and were able to deliver a range of achievements.

These include:

THE BEN RAEMERS FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The Foundation hosted a book launch and auction of Photographs. The event launched a book created by Converse and Enjoi, celebrating the life and career of Ben Raemer as told by his nearest and dearest. The silent auction raised money for the foundation and a limited amount of books were distributed to those that attended.

Financial review

At the end of the financial period, the Foundation had £325,178 (31-12-21 - £192,581) of unrestricted funds. These funds will go towards governance, delivery and organisational management costs and charitable spending in 2022 and 2023.

The Trustees maintain unrestricted reserves to a level that enable us to meet our future charitable objectives with a secure financial position. This will enable us to remain financially viable and maintain Ben’s legacy.

The Ben Raemers Foundation principal source of funding is from donations of individuals and corporates within skateboarding.

We have received generous donations from Skate brands including Vans, Converse, Dwindle, Deluxe, Clown and Lost Art. Numerous individual’s have also donated from personal funds and epic fundraising events and sales.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a charitable incorporated organisation governed by a constitution.

The trustees who served during the year and up to the date of signature of the financial statements were: L Beg-Baloch

F Bortoli S Crome

R Mathieson

Appointment of charity trustees.

Every trustee must be appointed for a term of three years by a resolution passed at a property convened meeting of the charity trustees.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

The trustees' report was approved by the Board of Trustees.

..............................

S Crome

Trustee

Date: .............................................

THE BEN RAEMERS FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE BEN RAEMERS FOUNDATION

I report to the trustees on my examination of the financial statements of The Ben Raemers Foundation (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

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

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

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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

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.

Friend-James Limited

4th Floor, Park Gate 161-163 Preston Road Brighton East Sussex BN1 6AF

Dated: .........................

THE BEN RAEMERS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and
legacies
3
141,597
35,789
Other trading
activities
4
5,142
425
Total income
146,739
36,214
Expenditure on:
Raising funds
5
4,351
29,750
Charitable activities
Charitable activities
6
9,791
44,204
Total charitable
expenditure
9,791
44,204
Total expenditure
14,142
73,954
Net income/(expenditure)
for the year/
Net movement in funds
132,597
(37,740)
Fund balances at 1 January
2022
192,581
51,467
Fund balances at 31
December 2022
325,178
13,727		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
177,386
98,475
17,242
5,567
11,100
-
182,953
109,575
17,242
34,101
551
4,750
53,995
4,375
16,505
53,995
4,375
16,505
88,096
4,926
21,255
94,857
104,649
(4,013)
244,048
87,932
55,480
338,905
192,581
51,467		 Total
2021
£
115,717
11,100
126,817
5,301
20,880
20,880
26,181
100,636
143,412
244,048

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE BEN RAEMERS FOUNDATION

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
12
Unrestricted funds		 2022
£
337,035
(2,646)		 £
4,516
334,389
338,905
13,727
325,178
338,905		 2021
£
245,917
(1,980)		 £
111
243,937
244,048
51,467
192,581
244,048

The financial statements were approved by the Trustees on .........................

..............................

S Crome Trustee

THE BEN RAEMERS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

The Ben Raemers Foundation is a charitable incorporated organisation.

1.1 Reporting period

The current period is less than a year due to the "Foundation" wanting to bring its reporting period in-line with its grants expenditure period. Due to this the comparatives (and notes) may not be entirely comparable.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE BEN RAEMERS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance Computers 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE BEN RAEMERS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Total 2021 £ 73,584 42,133 115,717 17,242 24,891 42,133
Restricted funds 2021 £ - 17,242 17,242 17,242 - 17,242
Unrestricted funds 2021 £ 73,584 24,891 98,475 - 24,891 24,891
Total 2022 £ 101,525 75,861 177,386 35,789 40,072 75,861
Restricted funds 2022 £ - 35,789 35,789 35,789 - 35,789
Unrestricted funds 2022 £ 101,525 40,072 141,597 - 40,072 40,072
Donations and legacies Donations and gifts Other grants received Grants receivable for core activities Grant - Tides to raise awareness and reduce stigma of mental health in skateboarding Grant - Paypal Giving
3

THE BEN RAEMERS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Other trading activities

Unrestricted Restricted **Total ** Unrestricted
funds funds funds
2022 2022 2022 2021
£ £ £ £
Fundraising events 5,142 425 5,567 11,100

Total 2021 £ 378 173 4,750 5,301 5,301
Restricted funds 2021 £ - - 4,750 4,750 4,750
Unrestricted funds 2021 £ 378 173 - 551 551
Total 2022 £ 100 4,251 29,750 34,101 34,101
Restricted funds 2022 £ - - 29,750 29,750 29,750
Unrestricted funds 2022 £ 100 4,251 - 4,351 4,351
Raising funds Fundraising and publicity Advertising Other fundraising costs Staff costs Fundraising and publicity
5

THE BEN RAEMERS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Charitable activities

Charitable
activities
Charitable
activities
2022
2021
£
£
Depreciation and impairment
1,503
26
Consultancy services - suicide awareness and prevention
38,723
9,487
Training licences and support - suicide awareness and prevention
3,161
6,959
Support costs - Accountancy
5,229
1,440
Support costs - Printing, postage and stationary
1,558
225
Support costs - Computer and IT expenses
112
38
Support costs - Travel
751
418
Support costs - Subscriptions
870
676
Support costs - Rent
775
-
Support costs - Insurance
-
287
Support costs - Cleaning
51
-
Support costs - Bank charges
842
62
Support costs - Entertaining
-
334
Support costs - Motor Vehicle Expenses
420
-
Support costs - Sundry
-
928
53,995
20,880
53,995
20,880
Analysis by fund
Unrestricted funds
9,791
4,375
Restricted funds
44,204
16,505
53,995
20,880		 Charitable
activities
Charitable
activities
2022
2021
£
£
Depreciation and impairment
1,503
26
Consultancy services - suicide awareness and prevention
38,723
9,487
Training licences and support - suicide awareness and prevention
3,161
6,959
Support costs - Accountancy
5,229
1,440
Support costs - Printing, postage and stationary
1,558
225
Support costs - Computer and IT expenses
112
38
Support costs - Travel
751
418
Support costs - Subscriptions
870
676
Support costs - Rent
775
-
Support costs - Insurance
-
287
Support costs - Cleaning
51
-
Support costs - Bank charges
842
62
Support costs - Entertaining
-
334
Support costs - Motor Vehicle Expenses
420
-
Support costs - Sundry
-
928
53,995
20,880
53,995
20,880
Analysis by fund
Unrestricted funds
9,791
4,375
Restricted funds
44,204
16,505
53,995
20,880		 Charitable
activities
Charitable
activities
2022
2021
£
£
Depreciation and impairment
1,503
26
Consultancy services - suicide awareness and prevention
38,723
9,487
Training licences and support - suicide awareness and prevention
3,161
6,959
Support costs - Accountancy
5,229
1,440
Support costs - Printing, postage and stationary
1,558
225
Support costs - Computer and IT expenses
112
38
Support costs - Travel
751
418
Support costs - Subscriptions
870
676
Support costs - Rent
775
-
Support costs - Insurance
-
287
Support costs - Cleaning
51
-
Support costs - Bank charges
842
62
Support costs - Entertaining
-
334
Support costs - Motor Vehicle Expenses
420
-
Support costs - Sundry
-
928
53,995
20,880
53,995
20,880
Analysis by fund
Unrestricted funds
9,791
4,375
Restricted funds
44,204
16,505
53,995
20,880
2022
£
1,503
38,723
3,161
5,229
1,558
112
751
870
775
-
51
842
-
420
-
53,995
53,995
9,791
44,204
53,995		 2021
£
26
9,487
6,959
1,440
225
38
418
676
-
287
-
62
334
-
928
20,880
20,880
4,375
16,505
20,880

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
1 -

THE BEN RAEMERS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

8 Employees (Continued)
Employment costs 2022 2021
£ £
Wages and salaries 29,750 4,750

There were no employees whose annual remuneration was more than £60,000.

9 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10 Tangible fixed assets

Fixtures and
fittings
Computers
£
£
Cost
At 1 January 2022
137
-
Additions
188
5,720
At 31 December 2022
325
5,720
Depreciation and impairment
At 1 January 2022
26
-
Depreciation charged in the year
73
1,430
At 31 December 2022
99
1,430
Carrying amount
At 31 December 2022
226
4,290
At 31 December 2021
111
-
11
Creditors: amounts falling due within one year
2022
£
Other creditors
1,260
Accruals and deferred income
1,386
2,646		 Total
£
137
5,908
6,045
26
1,503
1,529
4,516
111
2021
£
-
1,980
1,980

THE BEN RAEMERS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

12 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming Balance at
1 January 2021 resources 1 January 2022 resources 31 December
2022
£ £ £ £ £
Received in the year 73,393 17,242 90,635 36,214 126,849
Resources expended in year (17,913) (21,255) (39,168) (73,954) (113,122)
55,480 (4,013) 51,467 (37,740) 13,727
13 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Fund balances at 31
December 2022 are
represented by:
Tangible assets 4,516 - 4,516 111 - 111
Current assets/(liabilities) 320,662 13,727 334,389 192,470 51,467 243,937
325,178 13,727 338,905 192,581 51,467 244,048

14 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Services received
2022 2021
£ £
R Mathieson 170 4,381
S Crome 1,262 4,799
1,432 9,180

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Signature 1

Signed by Susie Crome using authentication code UjZNXlBTQ2hPVEhX at IP address 92.6.146.24, on 2023/09/27 14:32:14 Z.

Susie Crome's e-mail address is: susie.crome@gmail.com.