Regi$iered Number: 15361370 Charity Number: 1207947 The Christy Lambe Foundation Trustees, report and Financial Statemenis For ih• year ended 31 December 2024 111 111 '&EBEPWV*
The Chrlsty Lambe Foundatlon (A company Limited by Guarantee) Contents Page Administfative details of the chaiity Tiustees. report Accountant's report Statgmgnt of Financial Activities Balance Sheei Notes to the fin8nci81 statements 9-16
The Christy Lambe Foundation {A cornpany Limited byGuaiantee Administrative details of the charity Trustees: M Lambe A McGowan D Lambe T Bone Companies Re8lStered Numtsef- 1 S361370 Ch8rity Registered Number: 1207947 Registered offi¢e'. No1 The Mint 94 Icknield Stieet 8ifmingham Wcsi Midlonds B186RU Company Secretary: T Bone Accountants Midas Accountants 183 Walsall Road Gre81 r1eY W8ls811 Wesi Midlands WS66NL
The Chrisly Lambe Foundation (Acompany Limited byGuarantee> Trustees, report {cornpany number 15361370 The Trustees present Iheii annual report togeiher with the audifed financial statements of the P.h8rify for rhp. pp.rind 1q nprp.mhp.r ?0?? In 91 Dpcpmbèr 2024. Thè. Annual rèport SnS the purposes ol both 8 Trustees, report and a Oirectors, report under company law. The Trusiee$ confirm th8t the Annual report and linancial statements of the charitable company comply with the current st8tuiOry requirements. the requirements of the charitable company's governing document and the provi$ion$ of the Statement of Recommen¢Jed Practice ISORPI applicable lo ch8rities preparing iheir accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 20191. Since the Charity qualifies as small under Section 382 01 the Companies Act 2006, the Str8tegic report required of medivm and lafge companies under the Companies Act 2006 Istrategic Report 8nd Direciors. Report) Regulations 2013 has been omitted. Our purposes and acllvltl¢3 The charity was founded to further the values of Christy Lambe after hi$ death in 2022, followin8 a long battle with poor menial health. Christy was generous. thoughrful and lull of love in spite of the challenges he personally taced. and he is the inspiration for all the charity's activities. The purposes of the charity are: to advance such charitable purposes for the public benelit os the trustee5 from time to time see fit. in partieular. but not limited to, the making of 8rants for the prevention or relief ol poverty. financial hardship andlor $i¢kne$$ ot- those who are homeless or vtho are at risks homelessness; 8ndlor such other persons who are in need by reason of physical or mental ill-he8lth. sickness, unemployment. poor skills attainmeni or such other economic and social disadvantsge. The vision that shapes ourannu81 actlvilies is io generate a sense ot communitywithin M. Lambe Construction and throughout the Midland$ byorganising eventsthat enablethe ch8rityto support local people 8n¢J organisations.
The Chrisly Lambe Foundation IA company Limited by Guarantee Trustees. report {contlnued) In shapini our objectives for the year and planning oui actNilies. the trustees have considered the Charity Commission's guioance on public benetit. including the guidance 'public benefit.. running a charity IP821'. Achlevernents and performance During the flrsi year the charity has held 4 major luntjraising events alongside promoting individualfundraising events. Thesewere attended by400.500 people and were 8150 used to raise the prolile of the foundation. The trustees Nvere pleased to raise over E116.000 ¢Juring the year. The irustees were able to make donations exceeding E40,000 io T8bor House. Flnanclal revlew As this is the tirst year the foundation raised over £116.000 and donated more than É40.000. At the 31 December 2024 the foundation had reserves in excess ol E50.000. Plans forfuture perlods The foundation has set out plansloi nextyearwhich include 5 eventg running8longsiOe individu81 fundraising. These have raised ovef £80.000 by Q3 01 the financial year. Grants have been made to 3 charitable organlsations over the same perio¢J totalling £85,000. Finanaial rn¥i•w a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence lor the foreseeable future. For thi5 reason, they continue to adopt the going concern basis in preparing the tinanci81 staiements. Further details regarding the adoption of ihe going concern basis can be found in the accounting policies.
The Chrisly Lambe Foundation IAcompany Llmlted byGuaranteel Trustees, report (contlnued) b. Rvsvrves pvliGy The Trustees have examined the charity's requirements for the reserves in the light of the main risks to the organi5ation. It has established a reserves policy whereby the unrestricted funds not committed or invesied in tangible fixe¢J assets (that isthose funds that 8re freely8vailablel should ideally be three to Six month5 operating expenditure. Tot81 funds ol the Ch8rity at 31 Oecembei 2024 were E49.890 all of which was unrosiricted. These reserves are held to maintain core a¢tivitiesduring period$ of redu¢ed income. andlunding of new initiatives or projecis. c. Financial rlsk rnanag•mont obJ¢¢ti¥¢¥ and pollcios The Trustees have over811 responsibility lor ensuring that Ihe Charity has 8PPfopfi8te system9 01 Control, linon¢ial and otherwise and to provide rea$onablo assurance that.. the Charity is oper81ing eff icieniiy and effectivety its a$$&t$ are $ale8uarded ag8in$t unauthorised use or disposition proper records are maintained 8nd financial information used within the Charity or for publicaiion is reliable the Chority cornplies with relevani law3 and regulations The systems of internal control are designed to provirje reasonable. but not absolute 8ssuiance against material misstatement or loss.
The Christy Lambe Foundation (A company Limited by Guarantee) Statement otTrustees' respon$ibiiities The Trustees (who are 81so ihe directors of the Charityfor the purposes of company lawl are responsible for preparing the Trustees. report ènd the financial statements in aecordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pr8Cticel. Companylow require5 the Trustees to prepare tinancial statements for each fin8nei81 year. Under company law, the Trustees must not approve the financial statements unless they ore satisfied that they give a true and fair view of the stale of affairs of the Charity and of its incoming resources and applicaiion of resources. including its income and expenditure. for that period. In preparing these linaneial statements, the Trustees are required to: select suitable 8ccouniing policies and then apply them consistently., observe the methods and prineiples of the Charrties SORP IFRS 1021.. make judgments 8nd accounting estimates that are reasonable and prudent: state whether applicable UK Accountin8 Standards IFRS 1021 have been followed. subject to any material departures disclosed ond explained in the financial ststements; prepare ihe financi81 siatements on the going concern b8sis unless il is ingppfopri81tr 10 presume that the Charity eontinue in business. The Trustees are responsible tor keeping 8dequate accounting records that are Sufficient to show 8nd explain the Charity's transactions and disclose with reasonable a¢¢uracy 8t any time the financial position of the Charity 8n(J en8ble them to ensure Ihat the financial staternents ¢omply with the Companies Aci 2006. They are also responsible lor s81eguarding the assets of the Ch8rity and hence for taking reason8ble step$ for the prevention and detection of fr8ud and other irfegularities. ADDravpd by nrdpr ntthp mpmbp.r8 of thp board ol Tru8tpe8 8nd qigned on thpir beh811 by.. A M¢Gowan Trustee 17 September 2025
The Chrlsty Lambe Foundation (A company Limited by Guarantee) Independent examiner's report on the accounts I report to the trustees on my examination of the 8ccounts ol the above charity 1.the trust.) for the year ended 1 December 2024. As the chafity's tiusiees, you are responsible for the preparation of the aceounts in aecordance with the requifements of the Charities Act 20111.the Act-l. I report in respect ol my examination ol Ihe Trust's accounts carried out under section 145 of the 2011 Act and in carryin8 Out my examination. I have followed allthe applicable Directions given bythe Charitycommission under section 1451Sllbl of the Act. I h8ve compleied my examination. I conlifm that no material matters have come to my gttention in connection wiih the examination which gives me cau$¢ to believethat in. any moteri81 respect.. the ac¢ountin8 re¢oid$were not kept in 8ccoidanee with section 130 ofthe Ch8rities Act. or the a¢counls did not accord with the 8ccounting recofds; or the accounts (Jid not comply Wilh the applicable requirement3 concerning the form and content ol accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the o¢¢ounts give a 'true and lair. view which ig not matter considered •$ part of an independeni ex8mination. I have no Concerns and have come across no other matters in connection with the examination to which attention shoulij be drawn in this report in or(ter to enable a proper understandingof the accounts to be reached. Brian Keates Midas Accountants and Business Consultants Limited Assoeiation of Chartered Certified Ac¢ountants 17 September2025
The Chrl$ly Lambe Foundation (A company Limited byGuarantee) Statement on finan¢lal acllvlties (Incorporating income and expenditure account} For the year ended 31 December 2024 Restricted Funds 2024 Unre¥tri¢ted Funds 2024 Note In¢omefrom: Donations Chariiable activities 13,133 103.485 Total Incom• 116,618 Exp•ndltur• on: Charitable a¢tivilies Donations 26.560 40,168 Total expenditure 66.728 Net Movernent In tund¥ 49,890 Recon¢lll•tlon ol fundi: Net movement in funds 49,890 Tot81 lunds ¢•rrS•d forwawd 49,890 The Statement of Financial A¢tivitie$ includes 8118ains and losse$ recognised in the year. The notes on pages 9 to 16 lorm pan of these financial $tatemenis.
The Christy Larnbe Foundation (A Company Limited by Guarantee) Balance Sheet Icompanynumber 15361370) As at 31 December 2024 Note 2024 2024 Curr•nt assets Cash at bank $0.970 Creditors.. amounts f811ing due within one year -1.080 Not eurrtnt a$tY 49,890 Chaflty funds Unrestricied funds 49.890 Total fund¥ 49,890 The entity was entitled to exemption from audit under section 477 of the Componies Act 2006. The members have not requiredthe entityto obiain an auditfortheyearin question in accordance with section 476 of the Companies Act 2006. The Trustees 8cknowle¢ge their responsibilities for complying with the requirements ol the Act wilh respect to 8ccounting recor(Is an¢J preparation of financial staiements. The linanciol $tatement$ have been prepared in accordance with Ihe Pfovislons applicable to entities subject to the small companies regime. The lin8ncial statements were appioved and authorised for issue ty the Trustees and signed on their behalf by.. A McGowan Trustee 17 September 2025 The notes on pages 9 to 16 torm part of these financial statements.
The Christy Lambe Foundation (A company Limited by Guarantee) Notos tothe linancial slatement$ 1. fjeneral Intoimatlon The Christy Lambe Foundation is a private companylirnited byguar8ntee incorporated in Eng18nd and Wales. The registered office is Nol The Mint. Icknield Street. Birmingham, West Midlands. 8186RU. The company number is 15361370 (England & Wales). and the registered charity number is 1207947. In the event ol the charity being wound up, the liability in respect of the 8uar8ntee is limited to £1 per member of the charity. The nature of the ch8rity'S oper81ions 8n(J principal 8Ctivities are the making of grants lof the preveniion or felief of poverty. linancial hardship and for those at risk ol homelessness. 2. Accountlng pollcl¢• 2.184sl$ of pr•paratlon of flnan¢lal si•t•m•nt• The financial statements have tseen pfepare(l in 8ccordance with the Charities SORP IFRS 1021- Accounting onu Reporting by Charities: Statgment ol Recommended Practice applicable to charities preparing their aecounts in accordance with the Financial Reporting Standard 8ppIic8ble in the UK and Republic of Irelano IFRS 1021 leffeciive 1 January 20191, the Financial Reporting Si8ndard applicoble in the UK and Republic of Ireland IFRS 7021 and the Companies Act 2006. The Christy Lambe Found81ion meets the definition of 8 public benefit entity undef FRS 102. Assets 8nd liabililies are initi8lly recognised at historical Cost or tr8nsa¢tion value unless otherwise stated in the Televant accounting policy. 2.2 Incorne All income is iecogniseo once ihe Charity h8s entitlement to the income, it is pfob8ble th8t the income will be receiveo, 8nd the amouni of income recer¥able can be measured reliably. Volunt8ry income is received byway of Oonaiiong ano gifts and is included in full in the Statement of Financial Affairs when receivable.
The Christy Lambe Foundalion IA company Limited by Guarantee) Notes to the financial statements (continued) 2.3 Expendlturg Expenditure is re¢o¥nised once there is a legal or constructive obligation to transler economic benefit to a third party. it is probable that a transfer ol economi¢ benefits will be required in settlement and Ihe 8mount of the obligation can be measured reliably. Expenditure is classified by 8Ctivity. Expenditure on charitable activilies is incurred on directly undertakingthe acttvities lch further the Charity's objeciives. 2.4 Cash atb•nkand In hand Cash at bank and in hand in¢lude5 cash and short-tefm highly liquid investments with a short m8lurity of thiee months or less from ihe dale of acquisition or opening of the deposit or similar account. 2.5 Llabllltl•# Liobilitie5 ond provisions are recognised when there is an obligation at the 8alan¢e Sheet date as a result ol a past eveni. it is probable that a transfer ol economie benefit will be required in settlement, 8nd the 8mount of the settlement can be estimated reli8bly. Liabilities ore recognised at the amount that the Charity anticipate$ it will pay to $etti8 ttte debt or the 8mount11 has received os advanced payments lor the goods or services it must provide. Provisions ale rneosured 81 the best estimate of the emounrs required to $ettie the obligation. Where the effect of the time v81ue ol money is material. the provision is based on ttte present value ol Ihose amounts, discounied at Ihe pre-tax discount rate that reflects the risks specilic to the li8bility. The unwinding of the discount is recognised in the Statèmeni of financial aciivities as 8 finance cost. 2.6 Fln•n¢ial in$trum•nts The Charity only has financial asseis and financial li8bilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured attheir settiemeni value viith the exception of bank loans which are subsequently measured at amortised Cost usingthe effective interest methoo. 10
The Christy Lambe Foundation IA Company Limited by Guarantee) Notestothe financial statements (continued) 2.7 Fund ac¢ounilng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives ol the Charity and which have not been designated for other purposes. Designated funds Comprise unrestrieted funds that have been set 8side by the Trustees for particular purposes. The aim and use of e8eh designaied tund is set out in ihe notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors. or which have been raised by the Charity for particular purpo$e$. The ¢o$ts ol raisin8 and administering such funds are eh8rged against the speeilic fund. The aim and uge ot e8ch restricted fund is set oul in the notes to Ihe financial statements. 3. Critlcal accounting estimat•s and area• ofjudgment Estimotes ond judgments are continually evaluated and are based on historical experience and other laetors, including expeet81ions of luture events Ihat are believed to be reasonable under the circumst8nces. Criti¢al 8c¢ounting estimat¢$ and #ssumptions: The Ch8rity makes estim81es and as5umption3 concerning the luture. The resulting aceounting e3limates and 8s5umption5 will. by delinilion, seldom equ81 the felaied actual results. In ihe opinion ol the Trustees there 8Te no estimates or assumptions that have a significant risk of causing a material adjustment io the carrying amounts ol asseis and liabililies within Ihe next financial year.
The Christy Lambe Foundation (A company Limited by Guarantee) Notestothe financial statements (contlnued 4. Ineome from donations and It¢1•> Restricted Funds 2024 Unrestricted Funds 2024 Total Fund$ 2024 0on8tion$ 13.133 13.133 Total 2024 13.133 13,333 5. In¢ornfj from ¢har5tablo activit1•• Re¥tri¢ted Funds 2024 Unreslrict•d Fundj 2024 Total Fund$ 2024 Fun(Jraising 103.485 103.48S Tatal 2024 103,485 103.485 6. Analysis of expendituré on ¢h•rltabl• a¢tlvltl•s Summary by fund lype Re¥trlcte Funds 2024 Tornl Funds 2024 Funds 2024 Charitable activities Donations 26,560 40.168 26.560 40.168 Total 2024 66,728 66.728 12
The Christy Lambe Foundatlon (A cornpany'Limited by Guaranlee) Notes to the financial statements {continued) 7. Analysls of expendlture by actlvlties Activities Undertaken Directly 2024 Support Costs 2024 Total Funds 2024 Charitable activities Donations 24,930 40.168 1.630 26,560 40.168 Total 2024 1,630 66,728 Anoly858 of dlr¢eA co8t¥ Total Funds 2024 Direct charitable expenses Donations 24,930 40,168 Total 2024 65,098 Ana(ysi$ of support Go¥t* Total Fund? 2024 Legal fees Account8ncy 550 1,080 Total 2024 1,630 13
The Christy Lambe Foundation IA company Limited byGuaranteel Notes to the flnanclal statements lcontlnued) 8. Fees lor the examlnalion Olthe accounts The lee for the prep8ration ol the accounis was É1,080. 9. Tru$lees' r•muneratlon and expendlture During the year, no Trustees received any remuneration or other benefits. During the year ended 31 March 2024. there were no expen$e$ reimbur$ed or paid 10 the Trustees. 10. Cr•dltor•: amount• lalllni du• wlthln on• y••r 2024 Accruals 1,080 Total 2024 1.080 11. St•t•m•nt of fund$-¢urr•nt Or Balance at 19 D¢eemb¢r 2023 Balanco 8t 31 December 2024 In¢ome Expenditure General funds 116.618 66.728 49,890 Total funds 116.618 66.728 49.890 14
The Chrlsly Lambe Foundatlon (A company Limited by Guarantee) Notos to the financial Statements (contlnued) 12. Analysis of net assets b8tw•en funds An8lyg1s of net assets fvnd$-¢urrent perlod Re¥tricled Funds 2024 Unrestricted Funds 2024 Total Funds 2024 Curreni 8ssets Creditors due within one year 50,970 1,080 50,970 1.080 Total 49.890 49,890 13. R•¢onelllatlon ol n•t m¢)v•ment In funds to n•t cash liowfrom op•rotlni •¢tlvltl•¥ 2024 Nei incomelexpenditure for the period18s per Slatement of Fin•n¢i81 Activities) 49,890 AdJustm•nt$ lor: Increase in creditors 1,080 Net e#sh u#èd In 4w•f8ting 8etiviti•* SO.970 Analysis ot cash and cash equivalents 2024 Cash at bank and in hand 50.970 15
The Christy Lambe Foundation IA company Limited by Guarantee} Notestothe financial statements Icontlnuedl Analysls ot chanies In net debt 19 December 2024 31 Dècèmbèr 2024 Cash Iiows Cash at bank and in hand 50,970 50,970 50,970 50,970 14. Relatod partytr•niactlons During the ye8r the ch8rity receivecl 8 donotion ol £I0.1)00 from M Lambe Construction Lirnited. comparky related to the ch8rity. The donations have no ¢onditions 8tt8ehed. 16