REGISTERED CHARITY NUMBER: 1195195
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
AZAYLIA FOUNDATION
Tally Lucas Associates Chartered Certified Accountants Unit 1 Alexander Charles House Station Passage South Woodford E18 1JL
AZAYLIA FOUNDATION
Contents of the Financial Statements
for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| CEO's Report | 1 | ||
| Report of the Trustees | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
AZAYLIA FOUNDATION
CEO's Report
for the Year Ended 31 December 2024
2024 was a year of focus and growth for The Azaylia Foundation and its impact-led programmes and Campaigns.
Our Azaylia Childhood Cancer PhD scholarship program, designed to fund the next generation of medical talent and their research in partnership with leading hospitals and universities in the UK, grew both in terms of visibility and impact. We celebrated our first Azaylia PhD Scholar completing their first year of Research at Oxford and Birmingham University in September. We have now committed to funding 2 further Azaylia PhD Scholars making it in total 7 committed PHDs since the programme's inception in 2022, a significant milestone in our objective of funding 20 PHDs in 5 years.
We received our first major donor grant from Children With Cancer to help fund our next committed PHD Researchers.
Our Co Founder and Trustee Safiyaa Vorajee was celebrated by the Prime Minister and welcomed at number 10 for her dedicated work campaigning for Childhood Cancer through the Azaylia Foundation, especially with our work through Wear Orange for Azaylia Campaign in schools.
Also Ashely Cain our Co Founder Trustee completed a gruelling ultra challenge around England and Scotland to raise funds for the Foundation which has allowed us to continue funding our impactful work years to come. It also created an opportunity to spread the word about Childhood Cancer and spread our campaign country wide directly.
This was all achieved as a small, nimble and financially sustainable organisation, capable of raising and donating funds, delivering impact-led programs in partnership with leading childhood cancer institutions in the UK, and creating wide-scale awareness for childhood cancer.
Dominik Byrne Chief Executive Officer The Azaylia Foundation
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AZAYLIA FOUNDATION
Report of the Trustees
for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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).
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AZAYLIA FOUNDATION
for the Year Ended 31 December 2024
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE ACHIEVEMENT AND PERFORMANCE Our Impact at a Glance (Historical)
Total Donated £1,247,530
Institutional Donations (Research, Talent & Equipment) £1,156,136
Individual Treatment Donations £183,812
Fundraising
For the period of this report, The Azaylia Foundation raised £630,632 in donations. Approximately 49% of funds donated to the foundation in 2024 was from a single grant, 46% from individual giving and 5% from corporate giving, The major grant was restricted funding for Azayalia PHD Research Scholars Programme and all other funds raised were unrestricted donations which can be used by The Azaylia Foundation to cover operating expenses and to further its mission and charitable purposes.
Donations
The Azaylia Foundation considers both institutional and individual treatment donations. Institutional donations are how we generate the highest impact in terms of advancing research across prevention, early diagnosis and the availability of new treatments, as well as increasing the number of specialised doctors in the UK - and ultimately is our opportunity to save as many children's lives as possible. In 2024, our institutional donations were exclusively channelled via our Azaylia Childhood Cancer PhD Scholars programme. For the period of this report, The Azaylia Foundation committed an additional £381,705 in institutional donations, and paid out £170,852. This is because for our Azaylia Childhood Cancer PhD Fund, our donations are usually paid out as follows: tranche 1 at PhD candidate appointment; tranche2at PhDcandidate 1st year report; tranche 3 at PhD candidate final report. Individual treatment donations are a core part of our approach to give hope to families who have exhausted their options via the NHS and whose children have been accepted for treatment not funded by the NHS. During the period of this report, The Azaylia Foundation donated £20,000 towards individual treatment.
Operating Expenses
For the period of this report, our operational expenditures were £145,279. These include the costs of the CEO, the Community and Social Media Manager, the IT infrastructure and professional services. Activities associated with the foundation, including but not limited to our founders' challenges, community events and other activities which raise funds and awareness for the foundation, have never borne any cost to the foundation as those were taken on directly by our founders and the sponsors they work with in their personal capacity. None of our trustees, including our founders Safiyya Vorajee and Ashley Cain, receive a salary, any form of income or financial benefit from the foundation.
Our Work
The Azaylia Childhood Cancer PhD Scholarships. Has expanded since its launch in 2022, the Azaylia PhD has started to show it can create the next generation of leaders in childhood cancer by offering fully funded PhDs in paediatric oncology, in partnership with leading UK universities and hospitals. This program is our biggest opportunity to have a game-changing impact on childhood cancer as it attacks two problems:
-
1) The lack of research in prevention, early diagnosis, and new treatments for childhood cancer, and;
-
2) The lack of new talent specialised in childhood cancer.
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AZAYLIA FOUNDATION
Report of the Trustees
for the Year Ended 31 December 2024
In this period, we launched a highly visible campaign in support of The Azaylia Childhood Cancer PhD Scholarships which attracted our first restricted grant. We saw the start of our first 3 Azaylia PhD scholars at Oxford University,and at The University of Birmingham. We also saw the appointment of 3 further PHD Scholars at The University of Birmingham, The University of Sheffield and The University of East Anglia . all will be starting their programmes in 2025, and we committed to an additional two PhDscholarships with both organisations - bringing our all time total to 5 Azaylia PhDs funded in just over a year.
We provided 2 direct donations to support the treatment that is not covered by the NHS to two children fighting cancer.
Ashley Cain's Challenges. Our founder Ashley is an ultra-athlete who regularly takes on physically and mentally draining challenges as a way to cope with the grief from losing his baby daughter, while turning that grief into positive action in raising awareness and funds for childhood cancer. These challenges regularly receive mainstream media attention and are a wonderful opportunity to educate the public on the systemic flaws and underfunding in childhood cancer. During the period of this report, Ashley independently organised and funded the incredible Ultraman challenge of 3000 miles of running, kayaking and cycling around the UK.
Risks
The cost of living crisis is hitting as hard as ever to the majority of households in the UK and around the world will inevitably impact our individual giving funding source. During the period of this report, we once again saw a further increase in donation subscription cancellations which have been directly linked to lower income changes and cost of living rising and the slowing down of community donations on specific asks. In 2024, we mitigated this risk by diversifying our funding sources including grant funding for the first time and increasing the corporate giving program as well as Ashley's challenge. This resulted in one of our best fundraising years.
We continue to monitor the steady lowering of NHS yearly budget increases and how this impacts funds available for research, infrastructure and specialised talent. We are also monitoring how this steady lowering of yearly budget increases will facilitate the sell-off of public assets. Also monitoring the reasons why NHS are not funding certain children's cancer treatments forcing families to look abroad for alternative extensive treatments.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is controlled by its governing document, a deed of trust and constitutes a Charitable incorporated organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1195195
Principal address
61 Bridge Street Kington HR5 3DJ
Trustees
DR A ROY DR F MUSSAI S VORAJEE A T CAIN
Independent Examiner
Tally Lucas Associates Chartered Certified Accountants Unit 1 Alexander Charles House Station Passage South Woodford E18 1JL
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AZAYLIA FOUNDATION
Report of the Trustees
for the Year Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Chief Executive Officer
Dominik Byrne
Approved by order of the board of trustees on 29 October 2025 and signed on its behalf by:
S VORAJEE - Trustee
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Independent Examiner's Report to the Trustees of
AZAYLIA FOUNDATION
Independent examiner's report to the trustees of AZAYLIA FOUNDATION
I report to the charity trustees on my examination of the accounts of AZAYLIA FOUNDATION (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
Faizul Hoque FCA, FCCA
Tally Lucas Associates Chartered Certified Accountants Unit 1 Alexander Charles House Station Passage South Woodford E18 1JL
29 October 2025
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AZAYLIA FOUNDATION
Statement of Financial Activities
for the Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 EXPENDITURE ON Initial setup and other operating expenses Other trading activities 3 Charitable activities 4 Individual Treatment Institutional grants Other Gifts Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.12.24 31.12.23 UnrestrictedTotalfundfunds£ £ 630,676 215,182 138,588 152,608 138,588 152,608 23,933 35,717 170,853 170,874 - 2,064 2,758 2,753 336,132 364,016 294,544 (148,834) 754,445 903,279 1,048,989 754,445 |
|---|---|
The notes form part of these financial statements
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AZAYLIA FOUNDATION
Balance Sheet
31 December 2024
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
31.12.24 31.12.23 UnrestrictedTotalfundfunds£ £ 1,050,189 755,645 (1,200) (1,200) 1,048,989 754,445 1,048,989 754,445 1,048,989 754,445 1,048,989 754,445 1,048,989 754,445 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2025 and were signed on its behalf by:
S VORAJEE - Trustee
The notes form part of these financial statements
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AZAYLIA FOUNDATION
Cash Flow Statement |
|||
|---|---|---|---|
for the Year Ended 31 December 2024 |
|||
| 31.12.24 | 31.12.23 | ||
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 294,544 | (169,723) |
| Net cash provided by/(used in) operating activities | 294,544 | (169,723) | |
| Change in cash and cash equivalents | |||
| in the reporting period | 294,544 | (169,723) | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 755,645 | 925,368 | |
| Cash and cash equivalents at the end | |||
| of the reporting period | 1,050,189 | 755,645 |
The notes form part of these financial statements
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AZAYLIA FOUNDATION
Notes to the Cash Flow Statement
for the Year Ended 31 December 2024
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Decrease in creditors Net cash provided by/(used in) operations |
31.12.24 £ 294,544 - 294,544 |
31.12.23 £ (148,834) (20,889) (169,723) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.1.24£ 755,645 755,645 755,645 |
Cash flow At 31.12.24£ £ 294,544 1,050,189 294,544 1,050,189 294,544 1,050,189 |
|---|---|---|
The notes form part of these financial statements
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AZAYLIA FOUNDATION
Notes to the Financial Statements
for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
3.
| Donations OTHER TRADING ACTIVITIES Initial Setup Costs Consultancy fees |
31.12.24 £ 630,676 31.12.24 £ - 138,588 138,588 |
31.12.23 £ 215,182 |
|---|---|---|
| 31.12.23 £ 697 151,911 |
||
| 152,608 |
continued...
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AZAYLIA FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
4. CHARITABLE ACTIVITIES COSTS
| Individual Treatment Institutional grants GRANTS PAYABLE Individual Treatment Institutional grants |
Grantfunding ofactivities(see note5)£ 23,933 170,853 194,786 31.12.24 31.12.23 £ £ 23,933 35,717 170,853 170,874 194,786 206,591 |
|---|---|
5. GRANTS PAYABLE
6. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
Information |
Governance |
|||
Finance |
technology |
costs |
Totals |
|
| £ | £ | £ | £ | |
| Other resources expended | 118 | 1,440 | 1,200 | 2,758 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted |
|
|---|---|
fund |
|
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 215,182 |
| EXPENDITURE ON | |
| Initial setup and other operating | |
| expenses | |
| Other trading activities | 152,608 |
| 152,608 | |
| Charitable activities | |
| Individual Treatment | 35,717 |
| Institutional grants | 170,874 |
| Other Gifts | 2,064 |
continued...
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AZAYLIA FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | continued | |
|---|---|---|---|---|---|
Unrestricted |
|||||
fund |
|||||
| £ | |||||
| Other | 2,753 | ||||
| Total | 364,016 | ||||
| NET INCOME/(EXPENDITURE) | (148,834) | ||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 903,279 | ||||
| TOTAL FUNDS CARRIED FORWARD | 754,445 | ||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.24 | 31.12.23 | ||||
| £ | £ | ||||
| Other creditors | 1,200 | 1,200 | |||
| 10. | MOVEMENT IN FUNDS | ||||
Net |
|||||
movement |
At |
||||
At |
1.1.24 |
in funds |
31.12.24 |
||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 754,445 | 294,544 | 1,048,989 | ||
| TOTAL FUNDS | 754,445 | 294,544 | 1,048,989 | ||
| Net movement in funds, included in the above are as follows: | |||||
Incoming |
Resources |
Movement |
|||
resources |
expended |
in funds |
|||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 630,676 | (336,132) | 294,544 | ||
| TOTAL FUNDS | 630,676 | (336,132) | 294,544 |
continued...
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AZAYLIA FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1.1.23£ Unrestricted funds General fund 903,279 TOTAL FUNDS 903,279 |
NetmovementAtin funds31.12.23£ £ (148,834) 754,445 (148,834) 754,445 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
IncomingResourcesMovementresourcesexpendedin funds£ £ £ 215,182 (364,016) (148,834) 215,182 (364,016) (148,834) |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
At 1.1.23£ Unrestricted funds General fund 903,279 TOTAL FUNDS 903,279 |
NetmovementAtin funds31.12.24£ £ 145,710 1,048,989 145,710 1,048,989 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
IncomingResourcesMovementresourcesexpendedin funds£ £ £ 845,858 (700,148) 145,710 845,858 (700,148) 145,710 |
|---|---|
continued...
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AZAYLIA FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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AZAYLIA FOUNDATION
Detailed Statement of Financial Activities |
||
|---|---|---|
for the Year Ended 31 December 2024 |
||
| 31.12.24 | 31.12.23 | |
£ |
£ |
|
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 630,676 | 215,182 |
| Total incoming resources | 630,676 | 215,182 |
| EXPENDITURE | ||
| Other trading activities | ||
| Initial Setup Costs | - | 697 |
| Consultancy fees | 138,588 | 151,911 |
| 138,588 | 152,608 | |
| Charitable activities | ||
| Other gifts | - | 2,064 |
| Grants to institutions | 170,853 | 170,874 |
| Grants for individual treatment | 23,933 | 35,717 |
| 194,786 | 208,655 | |
| Support costs | ||
| Management | ||
| Postage and stationery | - | 113 |
| Finance | ||
| Bank charges | 118 | - |
| Information technology | ||
| IT expenses | 1,440 | 1,440 |
| Governance costs | ||
| Accountancy and legal fees | 1,200 | 1,200 |
| Total resources expended | 336,132 | 364,016 |
| Net income/(expenditure) | 294,544 | (148,834) |
This page does not form part of the statutory financial statements
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