Charity registration number. 1191897 Company registration number. 12438438 The Jean Lanning Foundation (Limitgd by Guarantee without having a share capital) Annual Report and Financial Statements Year Ended 31 January 2025 AE93801T 16108r225 COMPANIES HOUSE A15
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The Jean Lanning Foundation Annual Report and Financial Statements- Year Ended 31 January 2025 Contents Pag• Charity Reference and Administr*"ve t)etaits Tru51ees' Annual Report {Including Oirectors. Repryt) Independent Auditor's Report Statement of Financi Aclivtlies Balance Sheet Statement of Cash Fl(hv5 Notes lo the Financial Statements 12
The Jean Lanning Foundation Charity Reference and Administrative t)etalls - Year Ended 31 January 2025 Charity regi8tratK>n numb8r 1191897 Company registration Trumber 12436438 Trustee$ L Janaway C Kisko C Bal¥ Registorgd offlce One BarthOlOn Ck)se London EC1A 78L Auditor Cochrane & Co Accountants Limited 38 Kings Road Lee-OTrth&Solent Hampshire P013 9NU Solicitor BrOad[Id UK {prevU$lY 8DB Pitmansl One 8arthokKnew Close London ECIA 7BL Page 1 of 12
Tho Jean Lanning Foundation Trustees, Annual Report (Including DIrectO Report)- Year Ended 31 January 2025 The Trustees present their report and the audited financk41 statements of the charity for the year ended 31 January 2025. The Iruslees have adopted the provtsions ofthe Ststement of Recommended Practice {SORPI 'Aceounting and Rewrting by Charities" in preparing the annual report and financial statements of the charity. Trustee8 of the charlty The directors ofthe tharilable company are its tJustees for the purFX)ses ofcharty Lqw. The trustees who have served dljring the year and SIre the year end were as foll(Th¥s'. L Janaway C lQ'sko C Bailey Objectives and activities The purposes of the foundats.on are.. the advancement of health for public benefft by supporting the Romsey Hospital and such other hospitals as cperated by the Southern Hearth NHS Foundation Trust and the advancement and pmfflolton of knowle(bJe and education by providing funds to support medical research for the public benefrt in all aspecls of healthcafe. The ft)undalion airned al provhding financial assistsnce to fund items and services not required to be provided by statutory authorths and medical research. the useful resLtIt$ of which will be wblished. Public benefrt statement The ch3rity aims lo assist the advancement of healthcare for publ benefit The tnjstees had regard to the Charity Cc¥nmIssn guidance. StnJ¢ture. gov•man¢e and rnanag•rnent The Jean Lanning Foundation was constituted as ccwnpany INnited by guarantee. on 31 January 2020. The power to appoint new or addith'onal trustees is vested in the trustees. The number of trustees shall not be less than three persons and shall not be greater than fNe persons at any one ts"me. Apart from the fifst three trustees all trustees seNe a thyear term and upon retiring are eligiwe for reappointment. Liabilities of the directors is restricted to £1 each. The twstees will a¢xate the funds of the Foundation, and all disbursements will be monitored and assessed for Iheir approprialeness in line wrth its charitable obJ"ectives Grants awarded During the year the F¢ndatiOn made donations totallirwj £62.7th) to support the advancement of health foi the publi¢ benefit in line wrth rts charitsble obJ"eclNes_ Of this total. £50.000 was granted lo the League of Friends of Romsey Hosprtal and £12.700 to Haernochromalosts UIL Tru$tee8' r•sponsibilitias The Trustees (who are also Directors of The je Lanning Foundatlon for the purt¥)ses of company lawl ¥e responsible for preparing the TrLtstees' Annual Report and the financial slalements in accordance with applicable law and United lQ"ngdom Acojunting Srandards (United Kingdom Geneialty Accepted Accountsng Practice}. Company law requires the Trustees to Prepare financial statwnents for exh financ1 year, whieh give a true and fair view of the stale of affairs of the charrtable oroup and of the incoming resources and application of resources. including the income and expendrture. of the charitable group for that pèri¢¥J. In preparing these financial stalernents, the Trustees are required lo.. select suitsble accounting polKies and then appty them eonsi8tently: observe the methods and principles in the Charities SORP 2019 IFRS 102)." make judgements and estimates that are reasonable and prudent., prepare the ffinancial statements on the going concern basis unless rt is inappmprhqte lo presume that the Company w?11 continue in c4)eralion. The Trustees are responsible for keeping proFer accounbng rec(¥ds whh discP)se with wsonable accuracy al any lime the financial wsition of the Charitable Company and Ihe group and enable Ihem to ensure that the financial statements comply with the Companies Act 20. They are also resFrf)nsibbe for safeguarding the assets of Ihe Chafilable Company and the group and hence for taking reas0ftab steps for Ihe prevention arKI deleclion of fraud and other iiregukrities. Page 2 of 12
The Jean Lannlng Foundatlon Trustees, Annual Report (Indudlng Dlrectors Report) - Year Ended 31 janu 2025 Dhdosure of Inforniatlon to thè audltors We, the directors of the company who held office at the date ofapproval of these Financial Slatements as set out above each confinn. so far as we are aware. th*.. the is no relevant audlt infom1 ofv4hich the companrfs audltors are unaware" and we have taken au the steps that wa oughl to have taken as directors in order to make ourselves aware of any relevanl audit infomwtion arml to eslablish Ihal the ojnpany's auditors are aware of that informatiijn. In appmmng the Trustoes, Annual RW n our capacity as company directors. On b8haW of tho board. Lee Jana y. Trustee Dated l Q Page 3of 12
The Jean Lanning Foundation Independent Auditotrs Report to the Tntee5 of the Jean Lanning Foundatlon Year Ended 31 January 2025 Opinion We have audited the financial Statements of The Jean Lanning Foundation lor the year ended 31 January 2025 which Comprise the Statement of Financial Aclivihes. the Balance Sheel, the Cash Fbow Slalement and the related notes to the financial statements. including a summary of signrficanl accounting policies. The financial reporb'ng framEvork that has been appled in their preparathjn is applicable law and United Kingdom Accounting Slandardg, including Financial Reporting SL7ndard 102 The Financ1 Reporting Standard applicable in the UK and Republic of Ireland (United Kingdrffn Generalty Accepted Ac¢ounling Pracb'cel. Use ofthis report This report is made solety lo Ihe charitable company's trustees, as a body, in ardance with Part 4 of the Chaiities (accounts and Reports) Regulat4)ns 2008. Our audrt work has been Llndertaken so that we might slate to the charitable company s members those matters we are required lo slate lo them in an auditor's report and fof no other puipose. To the fvlthl extent pennilled by W, we do not aept or assume responsibility to anyone other than the charitsble company and the charrtable company's trustees as a bcxjy or our audit work. for this re[r( or lor the Op10n$ we have fom)ed. In our opinion the financial statements-. give a true and fair view of the slate of the company's affairs as at 31 January 2025. and of its inccjning resour and application of resources. including its income ar expendrture, for the year then ended.. have been property prepared in accordanee with United 'ngdorn Generalty Accepted Accounting Practice." and have been prepared in ¥cordan¢e th the requirements of the Companw Act 2006 Basis for opinion We conducted our audit in aordance with InleTnab"onal Standards on Auditing IUKI {ISAs IUKII and appluble law. Our resp)nsibTrJrties under those stsndards are further described in ihe Audrtor's responsibilities for the audrt of the financial statements secb'on of our reFK)rt. We a independent of the group and parent charitsble company in acwrdance with the ethul requirements that are relevant to our audit of the financial slalements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethtil responsibilittes in )rdance wrth these wuirements. We believe that the audrt evidence we have obtained is sufficient and appropriate to provide a basis for our wnh?n. Conelusion¥ relating to going concern In auditing the financial 51alemen15. we have conduded that the Irustee5' use of the going concern basis of acwunting in the preparation of the finanual sL8lements is aFS)ropriale. Based on the work we have perfomied, we have not identr[d any malerral uncertainbes relating to events or conditions that, individualy or collectively, may cast s19nrfanI doubt on the charitsble c(Knpany's ability lo continue as a going concem for a period of at least fv4elve months from when the financial statements are authorised for issue. Our responsibilities and the responsitslities of the trustees with respect to going eontsrn are described in the relevant Sli0nS of this repo other information The trustees are responsibk for the other infornation. The other infomation comprises the informatitsn included in the trustees, annual report. other than the financial statements and our audrtorfs report Ihereon. Our cpinion on the financial ststements does not cover the other infomwtion and, except to the exlenl otherwise expliutly ststed in our report, we do not express any foTm of assurance Conclusion Ihereon. In conneth.on with our 8udil of the financ1 stalemenls. our reswthnsibilty is to read the other infomiation and, in doing so, consider whether Ihe other information is malenalty inconsistent wrth the financial slalements or our knowledge obtained In the a¥Jdit or otheNtse appears to be materialty misslaled. If we idenlfy such material inconsistencies or apparent material misststements, we a required to determine whether there is a matenal misstatement in the financial sLeMentS or a matersal mis5talement of the other information. If, based on the work we have perfomied. we conclude that there is a material mi5Stalement of this other information. we are required lo report that f*. We have nothing to report in this regard. Page4 of 12
The Jean Lanning Foundation Independent Auditof s Report to th• Trustoes of the Jean Lanning Foundatlon Year Ended 31 January 2025 Matters on whlch we are requlred to report by exw We have nothing to rermjrt in respect of the fo110¥47ng matters in relalion to whth the Charities (accounts and Reports) Regulat(¢)n5 2008 require us to rep(xt to you If. in our opinK)n: thè information gtven in Ihe ffinan¢ial statements i% incortsistenl fft Y material resFeCt with the trustees. report,. or the charilable company has rKrt kept adequate accwntirvj recorts: or the financial statements are not in agreement wilh accwntir¥J re(xJrds and felums: or we have not received all the infornJatiDn and explanatlons we require our audit. Re8ponslbilltles of tru$t•8S As explained more fully in the trustees. rèspons111@S statement set out on pagg 2. the trustees (who are also the directors of the charitable ccffipany for Ihe purposes of ¢ompany law) a rèsponsible for tho praration of the financial ststements and for beiw satisfied that tw give a true and fair view. and for su¢h internal control as the Iruslees d8temiTrne Is necessary to enable the preparatton of finan¢ial statomgnts that are freo from material misstatement, whether due to fraud or error. In preparing the financial ststements, the trustee9 are resPSth for assessing the charitsble ¢ompany's abilty to continue as a goirKJ cortem. disclosing. as appltible. matters relatad to goirrfJ concem and using the going concem basis of a¢Onting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations. or have no realistic tematrve bul to do so. Audito¢$ r•sponslbllhles forthe audlt olth¢ IOnala1 stsl•m•nts We have been appointed as auditor uThJer section 144 of the ¢harrlles Act 2011 and rerth in accordance wilh regulalions made under seclion 154 of that Act. Our objectives are lo obtain reasonable assurance abrArtwhother the financial statements as a WI10 are fre& from material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audil condu¢le(l in accordance with ISAS (UK) 4wll always deted a material misstatrnl when (( exists. Misstatements can aris from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expected lo influence the eCorM dls1OnS of users tsken on the basis of these ffinoncial statements. Irregular¢ties, induding fraud. are inslances of noTrctmpliarKe with laws and regulations. We design Procedurgs in line with our resFxJnsibiltlies. wtlined atmjve. lo detect material misstatements (n respect of irregularities. Includin9 fraud. The extent to which our Fffocedures are capable of detecting irregulariti&s, induding fraud is detailed bek)w= Because of the inherent limilat#yB of an audrt Ihere is a risk that we not det8¢t all Irregularitlgs, including those leading to a material misststement in the financial statements or nor¢(pl1ance with regulalkn. Thls risk in¢reases the more that comF4iance thrylh a law or reguLqlion is removed from the events and transactions refleded In the financial slatoments, as we wdl be18ss likety lo be(xNne aware of instsnces of non-compllance. The risk is also greater rogarding irregufaritss ¢mThing due to fraud rathgr than orror, as fraud involv0$ Intentional concealment. fry. cc41usion. cffntssion misrepresbntstitin. As w¢ ar• able lo raview all transaclions in the year. it is feli ryjr chance of detelon is incroased. A further descrfpb'on of our resprA*ibilibe5 fty Ihe audit of the financial statements is lOced on the Financial Reporting Councifs websrte at W.trc.Org.uk]audllaUd1t-assranCeIaud1tOr-S-resP0n9ibilie$-for-lh audIt-thfi1desu1-tr8udl1orespjnsI'Ith$40r. This desc11pts fcmis partof our auditorfs report. We communicate with those charyed wilh govemance regarding. among other matters, the planned scope and liming of the audit and Signifant audrt findiry. irKludin9 any significant defiaencies in intemal control ihal we identify during our audit. Joanne Cochrane Bsc FCA (Senior Statsrt Auditty}. For and on behaf of Ccthne & Co NOunts knmited. Acojuntsnts * Ststutory Auditors 38 ngS Road Le&onvlhe-Solenl P0139NU Page 5 of 12
The Jean Lannlng Foundatlon Statement of Financial Activities Year Ended 31 January 2025 2025 2025 2024 Total Total Income and endowmonts from: Donations and legacies Interest receivab 896 133.591 896 133.591 133.523 69,841 Total income and endowments 134.487 134.487 203.364 Expenditurn on: Charilabte activities Other 162.700) 117.696) {62.700 {17,6961 116.8171 Total expenditure (80.396) {80.3961 {16,8171 Net income l (eXpendire1 $4,091 54.091 186,547 Net movement in funds 54.091 54.091 186.547 Reconcillation of funds: Totsl funds brought forward 3.180,240 3.180,240 2.993,693 Total funds carried foThva 3.234.331 3.234.331 3.180.240 Al in¢(me and expendilure derwe from continuing actiWts. Page 6of 12
The Joan Lannlng Foundation Balance Shoet - Year Ended 31 January 2025 2025 2024 Current assots t)eblofS Cash at bank and in harKI 66,157 3,172.194 56.246 3.127.900 3.238,351 3,184,146 Crfjditors: amounts laNlng due wllhln one year {4,0201 {3,9061 N•t curr•nt assets I Illabiliti¢s) 3.234.331 3,180.240 Total assets less current Ilabllities 3.234.331 3,180,240 Nèt assets l (Ilablllties) oxcludlng penslon Ilablllty 3.234.331 3.180.240 Not asmts I {liabilitl•$) 3.234.331 3.180.240 Charity Funds Unrestricted fijnds 3.234,331 3,180,240 Totsl Charlty funds l (deficlt) 3.234.331 3,180,240 The financial slatements were approved authorised for issue by the Board on Stgned on behalf of the board of trustees Lee Jan ay. Trustee The notes on pages 9 to 12 forni part of these fina181 statemenls. Company registration numb. 1246438 Page 7 of 12
The Jean Lanning Foundatlon S&*ement ol Cash Flows - Year Ended 31 January 2025 2025 2024 Cash flow from oporatlng activlti•& Interest paid 10 {89.297 116.182 Net ¢a8h flow from oper•ling activtties 89.297 116.182 Ca8h flow from investing activitle8 Interest received 133.591 13.767 Not ¢ash flow from investing activilles 133.591 13,767 C•$h fl¢)w from financing xtiviti•s Ngt cash Ilow from financing acti¥itie8 Net Increase l {decreasel In ush and cash equivalents 44.294 129.950 Ca$h and cash oquivahnts at start dat• 01 February 2024 3.127.900 2,997,950 Cash and ¢a$h oquivalents at end date 31 January 2025 3.172.194 3 127.900 Cash and cash equivalents consists of: Cash at bank and in hofKI Short lemi deposits 3.172.194 3,127,900 Cash and cash wulvahnts at end date 31 January 2025 3.172,194 3,127.900 Page 8of 12
The Jean Lanning Foundation
Notes to the Financial Statements - Year Ended 31 January 2025
Summary of significant accounting policles
la) Gonwral inlormation and basis of pr8paratKn
The Jean Lanning Foundation i% a constituted as a fimited company in England. The address of the
registered is given in the charity infomiation on page 1 of these financial stalemenls. The nature of
the charity's operatKJns and princ¥Jal activilies are the advancement of health for public l>enefil.
The charity conslitLtles a wblic benefrt entity as defin&J by FRS 102. The financial statements have been
prepared Fn accordance with Ac£ounting and Reporting by Chartbes.. Statement of RQMMended Practice
applicable to charitie5 preparing their accounts in accordance with the Financral Reporb"ng Standard
applicable in the UK and Republt of Ireland wued in October 2019. the Financial Reporting Standard
applicable in the United ngM and Rewblic of Ireland IFRS 1021. the Chanties Act 2011 and UK
Generally Accepted Accounting Practs.
The financial slalements are prepared on a going COnM basis under the hislorical cost convention,
modified lo include certain items at fair value. The financkgl statements are presented in sterling which is
the functional currency ol the tharity and rounded lo the nearest £'OLX).
The significant accounting policies applie(l in the preparation ofthese finan¢ral statsmenls are setoul below.
These pol¢cies have been consi51entty applied to all years presented unless otherwise staled.
(b} Funds
Unreslrthd fvnds are available for use at the discretKJn of the trustees in frtherare of the general
oty'eclives of the charity and which have not been desnated lor other purposes.
(c) Income rncognition
ASI incoming resour afe included in the Statement of FinancTral Aclwits ISOFAI when the charity is
legally entitled to the income after any perfomance conditions have been mel. the amount can be measured
reliabty, and il is probable that the income will te received.
For thinations to be recognised the chanty will have been notsfied of the amounts arKI the settlement date
in writing. If there are conditions attached to the donatKJn and Ihis requires a level of performance before
entitlement can be obtained. then income is deferred until those conditions are fvlly mel or the fulfilmenl of
those conditions is wrf(hin the contrd of the charity. and il is prObate that they will be fulfilled.
For legacies. entitknienl is the earher of the chanty being notif of an impending distrtsution or Ihe18gacy
tring received. At this point income is recognised. On occas)n kgacies will be notified lo the ¢harily
however il is not possible lo measure the amount expected lo be distributed. On these cKcasK)ns, the legacy
is treated as a conlingenl asset and disck)sed.
Investrnenl income is earned throu holding 0s5els for investrnenl PLWFoses such as shares and proppty.
It includes dNidends. interest and rent. Vlffie it is not praCts"cab to idenlfy investment management costs
incurred within a scheme wrth reasonable %oJracy the investment income is reported net of these costs. 11
Is included when the amount can be measured reliably. Inleiest inc(yne 15 recognised using the effective
interest method and divthnd and rent income is recogntsed as the thanty's nght to re1ve payment is
esiablished.
{d) Expenditure recognition
All expenditure is aceounled foron an accruals basis and ha5 been dassffied under headin9S that aggregate
all costs related lo the ¢alegory. Expendrture is reco9nised where there is a legal or constructive obligation
lo make payments lo third parb'es. it is prObae that the settlement will be required, and the amount of the
obligation con be measured reliabty- It is categorised under the folkywing headings.
Costs of raising funds..
Expenditure on charitable activities". and
Other expenditure represents lts)se rtems not faling into Ihe categories above.
Page 9 of 12
The Jean Lanning Foundation Notes to the Financial Statements - Year Ended 31 January 2025 Irrecoverable VAT is charged as an expense against the &lNity for which exFenditure arose. Grants payable to third parties are within the charitable rt¥'ectNes. lAffie un¢ondilronal grants are offefed, this is accrued as soon as the recipient is nolrfEd ofthe gfanL a5 thts gNes rise lo a reasonable expectation that the recipient will receive the grants_ ffiere grants are conditional reLaling lo performance then the grant is only ¥¢rued wh8n any unfulfilkd condilKJns are outside of the control of the Chlty. {el Support ¢¢)sts allo¢alion Supwrt costs are those that assist the WO of the charity but do not diredy represent charitable adivilies and include office costs, g0vemare costs, administrative payroll costs. They are incurred direcuy in supwrt of expenditure on the objects of the charty and include project management carried out at Headquarters. lthere support costs cannot be directly attributed to particular headings they have been allocated to co$1 of raising funds and expendrture on charitable actNities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contrtrbu1nS and do not include tho costs of disseminats.ng inforrnaljon in support of the charItaLe actNi1. {fj O•btOfs and ¢reditots receivable I payable within one y•ar Debtors and creditors with no staled interest rate and receivable or payable within one year are recorded al transaction pri. Any losses arising from impaimient are recognised in expendrture. Igl Provlslons Provisions are recognised when the charity has an obligatn al the baL4nce sheet date as a result of a past event. il is probable that an ouffiow of Konomic benefits will be required in settlement and the amount can be reliably estimated. (h) Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Aet 2011 and is considered to pass the tests sel out in Paragraph 1 schedu 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporatn tsx purposes. li) Going concom The financial s&*ements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist_ The Iruslees have considered the level of fijnds hekl and the expected level of income and expenditure for 12 months from aulhorising these financial slatemenls. The budgeted income and expenditYTe is suffKient with the tevel of resee$ for the tharity to be able to continue as a going concern. '} Judgements and key sources of estimation uncertainty No 5ignifKanl judgements have been made in the prijtsss of applying the above accounling policies. Page 10of 12
The Jean Lanning Foundation Notes to the Financial Statements - Year Ended 31 January 2025 Income from donations and legacies 2025 2024 Legacies 896 133.523 896 133,523 Income from donatnS and lega¢ie5 15 all attributable to unrestricted fvnds. Charitable a¢tiviti•s 2025 2024 Donations {62.700) 62.700 Donations have been disdosed in the truslees. reporL Governance ¢osts 2025 2024 Trustee insurance 13191 (1.892} 1147) (1,503) {5,400) (3,906) 15,848) Trustee expenses Consultancy Accountant's and Auditorfs rwnunera Legal fees Support costs Other {4,020) {10,333) {1921 940 13 17.696 16,817 Auditotrs remuneration The audilorfs rernunerati amounts to an audr( fee of £4.02012024. £3.9C61. Trustees. and key management pernonnel r•muMrnlion and expen¥ The tnjslees remnbursed expenses during the year were £1.89212024". £1.5031. Page 11 of12
The Jean Lanning Foundation Notes to the Financial Statements - Year Ended 31 January 2025 Debtors 2025 2024 Other debtors Prepayments and accrued income 172 85,985 172 56.074 66,1S7 56,246 Creditors: amounts falling due within ¢>n8 year 2025 2024 Accruals and deferred income {4.020 13,9061 3,906 Fund rnconciliatlon Unreslrict•d funds Balance * 2024 Income Expendiiurn Twansl• Gainsl (lse$> Bal*ne• at 2025 Unrestricted 3.180,240 134,487 180.396) 3,234,331 10. Reconciliation of net incom• I (expenditure) to net cash flow from operating activltles 2025 2024 Net income I lexpendilurel for year 54,091 186.547 Interest receNable Ilncreasel I decrease in debtors Increase l (decrease) in creditors {133.5911 19.911} 114 {69.8411 724 1,248 Net cash flthv from ryrating activities 89.2971 116,182 11 Related party transactlons During the year the settlement of the Lanning estste produced a tax charge amounting to £920, this has been aonted for in the current year and has en paid by the foundation as the amount was due from the final estate funds transferred in the prior year.12024.' £0). 12 Futurg charitabl? commitinents The foUndatn has commrtted lo a signfficant donation within the year totalling £545.004. The donations will commence in inslalmenls stsrting on the May 2025. Page 12 of 12