REGISTERED CHARITY NUMBER: 1194201 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2023 FOR THE NOEL SWEENEY FOUNDATION J W Hinks LLP Chartered Accountant5 19 Highfield Road Edgbaston Blrmingham West Midland5 815 3BH
ThE NOELSWEENEY FOUNDATION CONTENTS OF THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Pa8e Report of the Trustees Independent Exarnlner's Report StstèmÉnt of Flnanclal Artlvltles Balance Sheet Notes to the Flnanclal Statements 7 to 11
THE NOEL SWEENEY FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEM8ER 2023 The trustees present thelr report with the finanthal statements of the chadty for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffective I January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims EurPLS and 31tn5 The Noel Sweeney Foundatlons, obl@ct$ and principal activitles are to hold the capltal and Incorne of the trust fund upon trust to apply the income, and all or such part or parts of the capital, at such tirne or tirnes and in such manner to, or lor the benefit of. such exclu51vely charltable object5 and purposes in any part of the world as the Trustees may Ensurin8.our work dellvers our iims We revlew our alm5, obleclive5 and activities each year. This review looks at what we a¢hleved and the outcomes of our work in thé previou5 12 months. The review looks at the success ol each key activity and the benellts they have brought to those group5 of people we are set up 10 help. The revlew also helps us to ensure thar our airn, oblectSves and actlvlties remalned focused on our stated purposes, We have referred to the guldance contained In the Charlty Commlsslon's general gu5dance on publlc benelit when revlewing our alms and oblectlves and in plannlng our future actlvltles. In partlcular. the trustees consider how planned activities will contrlbute to the alms and oblectlves they have set. Grantmakln8 The charity recelves appllcation5 from various or8anisatlons and consider those which support and deliver the charity's oblert5. Appllcatlons are assessed on a c3se by case basis depending upon the available resources of the fund. ACHIEVEMENT ANO PERFORMANCE Charllable actIvleS Durlng the period the charlty was able to 8enerate sulllclent funds to award 8rants In accordance wlth its objects. FINANCIAL REVIEW Reserves poll¢v The Trust maintains Sts reseNes at a sufflclent level for It to rneet the management adrnlnlstratlon and support costs and lor the makin8 of charitable grant5, The Trustees will ensure that the level maintained is 5ufliclent for the Trust's current need5 and any fund5 not immediately required will then be invested in accordanee wlth thè Tru5tees' Investment powers should a sultable opportunlty occur. The Statement of Financial Activities lor the year ended 310ecember 2023 shows Incomlng resource5 of £266,765 12022,, £250,000) and resources expended of £252.43312022.. £68,407), generating net incomln8 resources of £14,332 12022.. £181,593>. The closin8 net assets of the charlty at 31 December 2023 arnounted to £248,10212022'. £233,770). The reserves are held to provide future charitable grants In accordance with the objects of the tharity. FUTURE PLANS There are no plans for changes in the general artlvlties of the Trust at present. The level of future donatlons to be made will be determined by the level of funds available. Page I
THE NOELSWEENEY FOUNDATrON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Noel Sweeney Foundation Is Constituted under a trust deed dated 13 July 2020 and amended by a supplemental deed dated 21 April 2021. Recrultment and appolntment of new trustees The power ol appointing new trustees shall be vested In the Trustees, A trustee may be appointed or discharged by resolution of a meeting of the Trustees, provided that 8 rnemorandurn declaring such appolntment or discharge shall be signed as a deed, either at the meetin8 by the person presidin8 or in some other manner directed by the meeting and attested by two other persons present at the meetln8. A new trustee or new trustees may be appointed at any time, and notwithstanding that the total number ol Tru5t£es may exceed four, Or8anisatlonal structure The Trustees shall hold at least two meeting5 in each calendar year. REFERENCE ANO ADMIN15TFiATIVE DETAILS Reglstered Charlty number 1194201 Prlnclpal address St. Joseph's House 78 Pll8h Street Chasetown Stallordshlre WS73XG Trustees J R A Crabtree M D Holder C M Sweeney S B Rose (appointed 1.12.231 l E Caudle lappolnted 1.12.231 Independent Examlner I W Hinks LLP Chartered Accountants 19 Highlield Road Edgba5ton 8irmingharn West Midlands 815 3BFI Bankers HSBC eank PIC 49 M3rket Street Staffordshire WS13 6LA Page 2
THE NOEL SWEENEY FOUNDATION REPORTOFTHETRU5TEE5 FOR THE YEAR ENDED 31 DECEMBER 2023 COMMENCEMENT OF ACTIVITIE5 The charity commenced it's trading attivlties on 15 October 2020. Approved by order of the board of trustees on 24 May 2024 and sl8ned on Its behalf bv.. MOHO er- Trvstee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NOEL SWEENEY FOLINDATION Independent emamlner's report to the try5tees of The Noel Sweèney Foundatlon I reporr to the charity trustees on my examination ol the accounts DI The Noel Sweeney Foundation (the Trust) for the vear ended 31 December 2023. Responslbllltles and bas15 of report As the charity trustees ol the Trvsi you are responsible for the preparation of th?. accounts in accordance with the requirements of the Charitles Act 20111'the ACVI, I report In respect ol my examination of the Trust's accounts carrled out under Section 145 01 the Act and in carrying out my examination I have followed all applicable Directions eiven by the Charity Commission under Section 14JlSllbl of the Act. Independerti exarnlner'5 Statement Slnce your ch3rity's gross incDme exceeded £250,000 your examiner must be a m?mber of a listed body. I can Confirm that l am qualifled to undertake the examination beU5& l am a member of the Institute ol Chartered Accountant$ sn England and Wales, whith 15 One of the Ilsted bodie5. I have completed my examlnation. I conflrm that no material matters have come to my attèntlon In connection wlth the examinbtion givln8 me cause to believe that In any rnaterial respect., accountin8 records were not kept in respt¥ct ol the Trust a5 required by Secllon 130 01 the Act,. or the account5 do not accord with those records,. or the bccount5 do not comply wlth the applicable requlrements concernln8 the form and content of accounts set out In the Charitie5 (Aceounts and Report51 Re8ulatlons 2W8 other than any requirement thèt the accounts give a true and fair vSew which 15 not a matter considered a5 part ol an independent examlnation. I have no concern5 and have come across no other matters in connectlon wlth the examlnHtion to whlch 3tlention should be drawn in this report In order tg en3ble a proper undpr5tandin8 ol the accounts to be reached. Jamès Cruse ACA, FCCA I W Hlnks LLP Chartèred Accountants 19 Highfield Road Edgbaston Blrmln8h3m West Midlands 815 3BH 24 May 2024 Page 4
THE NOELSWEENEY FOUNDATION STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Unrestricted lund 2022 Total funds Note5 INCOME ANO ENDOWMENTS FROM Donations and legacies 266,765 250,(M)O EXPENDITURE ON Charltable activities Provision ol charitable 6rants Support costs Governance tosts 250.297 156 1,980 66,718 129 1,560 Total 252,433 68,407 NET INCOME 14,332 181,593 RECONCILIATION OF FUNDS Total funds brought forward 233,770 52,177 TOTAL FUNDS CARRIED FORWARD 248,102 233,770 The notes form part of these financial statements Page 5
THE NOELSWEENEYFOUNDATION BALANCE SHEET 31 DECEMBER 2023 2023 Unrestrlcted fvnd 2022 Total funds Notes CURRENT ASSETS Debtors Cash at bank 16,765 233,317 235.330 250.082 235.330 CREDITORS Amount5 falllng due within one year 11,9801 11.5601 NET CURRENT ASSETS 248,102 233,770 TOTAL ASSETS LESS CURRENT LIABILITIES 248.102 233,770 NET ASSETS 248,102 233,770 FIJNDS Unrestricted funds 248,102 233,770 TOTALFUNDS 248,102 233,770 The financlal statements were approved by the Board of Trustees and authorised for Issue on 24 May 2024 and were 518ned on its behalf by.. M D Holder- Trustee C M Sweeney- Trvstee The notes form part of these finantial statements Page 6
THE NOELSWEENEY FOUNDATION NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIALSTATEMENT5 The financial statement5 of the charity, which 15 3 public benefit entlty under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFR5 1021 lellectlve l January 20191,, Financial Reporting Standard 102 'The Financial Reportlng Standard appllcèble In the UK and Republic of Ire13nd' and the Charltles Act 2011. The financial statements have been prepared under the historical cost convention. INCOME All income is recognised In the Statement of Flnancial Actlv5ties once the charity has entitlÈm£nt to the fund5, it Is probable that the income will be recewed and the afflount can be measured reliably. EXPENOITURE LiabililiÈs are recognlsed as expendlture as soon as there is a le8al or constructlve obll8ation committln8 the charlty to that expendlture, it is probable that a transfer ol econornic benefits will be requlred in Settlement and the amount of the obli8ation cèn be measured reliably. Expendilure is accounted lor on an accruals basis and has been cla55ilied under headin8S that ag8re8ate all cost related to the cate80ry. Where costs cannot be direclly atlrlbuted to particular heèdln8S they have been allocated to activltles on a basss conslstent wlth the use ol resources, Grant5 ollered subSect to condit50rt5 whlch have not been met at the year end date are noted as a commltment but not accrued as expendlture. GOVERNANCE COSTS Governance costs are accounted for on an accruals basls. The ¢ost or irrecoverable value added tax 15 Included wlth the Item of expernse to whlch it relate5. ALLOCATION AND APPORTIONMENT OF COSTS Costs are allocated on a pro ratè basls against the in¢¢me of each fund. TAXATION The charlty is exempt from tax on its charitable activitles. CASH AND CASH EQUIVALENTS Cash and £a5h equivalents include cash at bank and depo51ts held at call wlth bank5 and other third parties. FUNDACCOUNTING UnrE5trlcted fund5 can bè used in accordance with the charitable objectives at the discretion of the trustee5. Restricted funds can only be used lor particular restricred purposes wlthin the objects of the charlty. Restrictions arise when specifTed by the donor or when funds are raised for particular restricted purpose5. Further explanation of the nature and purpose ol each fund is included in the note5 to the flnanclal statements. FINANCIAL INSTRUMENTS The charlty only has financ5al assets and liabllities of a kind that qualify as basic flnancial instruments. BasSc financial instruments are Initially recognlsed at transattion value and subsequently rnea5ured at amortised cost. Page 7 contlnued...
THE NOELSWEENEY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 CRITICALACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the applicat5on of the charlty's èccounting policies, the trustees are required to make judgements, estimates and a5511rnPtions about the carrying arnount of assets and liabilities that are not readily apparent from other sources. The estlmates and underlying assumptlons are revlewed tsn an ongoing ba51%. Revision5 to accounting estimète5 èrè recognised in the period in which the estimate is revised where the revision affects only that period or in the period ol the revision and future periods where the revlsion affects both current and future periods. GRANTS PAYABLE 2023 2022 ProvSsion of charltable grants 250,297 66,718 The total Brants pald to instltutions durin8 the year was a5 follows: 2023 2022 St Baslls Sense Tulsk Lord Edward's GM aub Movember Europe Pancreatic Cancer UK Disasters Emergency Cornmlttee Brltlsh Red Cr05S Macmillan Cancer Support Great Ormond Street Childrens, Hospital BlrMin8ham Chlldrens, Hospltal DKMS MHA Comrnunltles (South Staffs) Windmi115 Charity Stoke on Trent and District Gingerbread Centre 8one Canter Research Trust Cure Leukaemia St Joseph's 3nd St Theresa'5 Primary School Spark Burntwood CIO Mens Shed Lichlield CIO Old Hall People5 Partnership Services For Education The Jericho Foundatlort Dealbllnd UK Music Of Life Foundation Primit35 Learning Partnership Prolect Inltlatlwe CIC North Staffs Carers Unlted Childrens Liver Oisease Foundation Staflord5hlre Pathway Prolect Burntwood Be A Friend Reaching CIC 42,50D 20,500 53,539 6,L79 1,500 750 1,500 3,000 1,500 500 soo 445 I,coo 3,500 3,0 10,000 io,ooo 10,000 2,352 1,5CNJ 1,750 14.500 4,(0 5,000 1,000 s.000 5.000 10,000 12,000 18,ODO 18,500 15,000 13,500 10.ODO 10.000 250,297 66,718 Page 8 continued...
THE NOELSWEENEY FOUNDATION NOTES TO THE FINANCIALSTATEMENT5- contlnued FOR THE YEAR ENDED 31 DECEMBER Z023 GRANTS PAYA8LE- contlnued TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 Oecernber 2023 nor for the year ended 31 December 2022. TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ended 31 Decernber 2023 nor lor the year ended 31 December 2022. DEBTORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors 16,765 CREDITOR5,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Acerued expenses 1.980 1,560 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestrlrted funds General fund 233,770 14,332 248.102 TOTAL FUNDS 233,770 14,332 248,102 Net movement in funds, included in the above are as follows.. Incornlng resources Resource5 expended Nlovement In funds Unrestrlcted funds General fund 266,765 1252A331 14.332 TOTAL FUNDS 266,765 IZ52,4331 14,332 Page 9 continued...
THE NOEL5WEENEY FOUNDATION NOTE5 TO THE FINANCIAL 5TATEMENTS- contfjnued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS- contrnued Comparatives for movement In funds Nèt movernent in fund5 At 31.12.22 At 1.1.22 Unrestrltted funds General fund 52,177 181.593 233,770 TOTAL FUNDS 52,177 181,593 233,770 Comparatlve net moverrent In funds, included In the above are as follows.. Incomlng resources Resourees expended Movement n funds Unrestrlcted fund5 General fund 250,000 168,4071 181,593 TOTAL FUNDS 250,000 168,4071 181,593 A current year 12 months and prlor year 12 months combined position 15 as follow5.. Net movement in funds At 31.12.23 At 1.1.22 Unrestrlrted funds General fund 52,177 195,925 248,102 TOTAL FUNDS 52,177 195.925 248.102 A current year 12 months and prior year 12 months cornbined net movement In funds, Included In rhe above are as follows.. Incom5ng resources RÈ50urce5 expended Movement in funds Unre5trlcted funds General fund 516,765 1320,8401 195.925 TOTAL FUNDS 516,765 1320,8401 195,925 Page 10 continued...
THE NOELSWEENEY FOUNDAnoN NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 RELATED PARTY DISCLOSURES Tara Developments Limlted During the year the charlty received a donation of £141,765 12022.. £125,000) from Tara Developments 'mited, a cornpany in which the trustee, J R A Crabtree, Is also a director. Cameron Homes Llmlted During the year the charity received a donation of £50,00012022: E50,OCKJI from Cameron Homes LimSted, company in which the trustees, M D Holder and J E Caudle a also dlrettors. ULTIMATE coNfROLLING PARrY The charity is under the control ol the trustee5. Page 11