DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
Charity number- 249039
THE 1959 GROUP OF CHARITIES
REPORT OF THE TRUSTEES AND AUDITED CONSOLIDATED FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
CONTENTS
Page
Reference and Administrative Details of tho Charity. its Trustees and Advisers
Trustees. Report
Trustees. Responsibilities Statement
Independent Auditors, Report on the Financial Statements
Consolidated Statement of Financial Activities
7-10
Consolidated Balance Sheet
12
Charity Balance Sheet
Consolidated Statement of Cash Flows
13
14
Notes to thg Financial Statements
15-29

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
P Chapman
S Mayhew
R A Monteath
P Midgley
Charity registered
number
249039
Principal office
5 Brayford Square
London
E1 OSG
Independent auditors
MHA
Chartered Accounlanls and Statutory Auditor
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 gHS
Solicitors
Filanlhropia Consulting Limited
Heath House
Alldens Lane
Godalming
Surrey
GU8 4AP
Page 1

**THE 1959 GROUP OF CHARITIES** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024** 

The Trustees present their report with the consolidated financial statements of the charity for the year ended 31 March 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). 

## **Legal and administrative information** 

The 1959 Group of Charities is a registered charity number 249039 established in 1959 and whose latest trust deed is dated 14 July 2011. The members of the Group appoint an Executive Committee in accordance with the Constitution which is responsible for managing the Group. 

## **Recruitment and Appointment of Trustees** 

Trustees are appointed by existing members of the Board in furtherance of the objectives of the charity, in a number of ways, including personal recommendation and use of voluntary organisations. 

Trustees are appointed to the Board via a thorough recruitment process including advertising on trustee and volunteering sites and on LinkedIn and other social media platforms. Prospective trustees are interviewed by key trustees including the Chair and by the CEO. 

## **Objectives and activities** 

charities by facilitating the exchange of information about matters of common interest and encouraging voluntary work for member charities. Through the trading company, the Charity had developed a network of volunteers. These volunteers are provided with training to ensure sales are maximised. The Trustees participate in a wide range of activities in pursuing these objectives including constant contact with charities, their associates, and partners to achieve additional support for their work. 

The T planning future activities. 

## **Our Mission** 

At The 1959 Group of Charities, we remain steadfast in our mission to partner with charities throughout the UK providing both promotion and royalty income to each charity. We offer the most comprehensive range of cards and gifts for all occasions that directly supports the charity sector. Over the past year, we have worked diligently to support our partner charities and aided them in promoting their cause. 

This year in addition to the funds generated from our website activity, we directly supported over 120 community projects based in libraries, museums, churches and Tourist Information Centres by attracting people to visit their locations, raising funds and generating volunteer opportunities for the wider population thereby creating methods to reduce social isolation and loneliness, and increasing confidence, social skills and friendship groups. 

Page 2 



## **THE 1959 GROUP OF CHARITIES** 

## **Achievements and performance** 

## **Key Achievements** 

This year, we are delighted to share some of the milestones we have reached: 

## **1. Outreach** 

- We supported over 70 charities through raising awareness of their cause and much needed funds to assist with their service delivery. 

- Expanded our outreach efforts by opening 137 Christmas pop-up shops. 

## **2. Fundraising Efforts** 

- Thanks to the generous support of our customers and donors, we raised £1.8m through the selling of responsibly sourced cards and gifts. 

- Employed 100 seasonal staff and over 100 volunteers who raised awareness of our charity partners and raised much needed funds to assist with the delivery of crucial services. 

- During the year 2023-2024, we raised over £365,000 to be distributed to both our charity partners and community projects; historically over the past 10 years we have given £22.5m to charities and £2.7m to community projects 

## **3. Collaborations and Partnerships** 

- We continue to grow our meaningful partnerships with our national charities and are delighted to welcome Terrence Higgins Trust, Versus Arthritis and Hospice UK as licenced partners this year. 

- We also continue to work closely with over 40 local charities and 120 community projects throughout Great Britain enabling us to amplify our impact nationally. 

## **4. Organisational Development** 

- Invested in improvements to documented guides to assist in the operational delivery at shop level. 

- Further developed the till system throughout our portfolio of shops to increase efficiencies. Streamlined the shop set up process. 

- Strengthened our governance framework to ensure greater accountability and transparency. 

## **5. Staff Feedback** 

- In the end of year staff survey the overall response was of a positive nature: 

- 99.5% of staff completing the survey said they felt safe, secure, and supported by The 1959 Group of Charities when working in a pop-up shop location. 

- 98% thought our gift range was improved. 

- 93.9% thought the new till system was easy to use. 

- 95.1% found the onboarding process a positive experience **.** 

## **Challenges and Lessons Learned** 

The past year was not without its challenges. The continued increase of the cost of postage stamps, with reduction of a reliable delivery service; cost of living increases; difficulty in attracting sufficient volunteer numbers have all directly impacted us. Despite these, our resilience and commitment have allowed us to adapt and emerge stronger. We learned key lessons that will guide our future endeavours, such as developing our operational systems to include improving warehouse supplier communication and service level agreements; expanding range of goods; and growing our national footprint. 

Page 3 



## **THE 1959 GROUP OF CHARITIES** 

## **Looking Ahead** 

As we move into 2024-2025, we are excited about the opportunities ahead. Our priorities include: 

- Expanding our operation to a year-round offering. 

- Enhancing community engagement to deepen our impact. 

- Improving the efficiency of the warehouse and fulfilment supplier services. 

- Expand the range of goods. 

- Continue to always aim to source a range of quality, environmentally friendly, ethically sourced products. Our cards and envelopes are recyclable, glitter-free and plastic free. We will also ensure that any of our providers have sustainable credentials too. 

## **Financial Review** 

## **Financial Performance** 

During the year the charity received a total income of £1,942,337 (2023 - £1,871,134). The majority of this income arose from the trading subsidiary of £1,904,782 (2023 - £1,803,655). 

Total expenditure for the year was £1,932,050 (2023 - £1,860,271) of which £1,911,030 (2023 £1,832,623) arose from the trading subsidiary. This left the charity with a surplus of £10,287 (2023 - £10,863). 

The charity had unrestricted reserves of £27,293 (2023 - £17,006) of which £12,774 (2023 - £7,132) is held by non-controlling interests. 

## **Going Concern** 

The Board of Trustees has assessed the financial position of The 1959 Group of Charities and considered its ability to continue as a going concern. This assessment includes a review of current financial resources, projected income and expenditure, and pote 

Despite current challenges, the Trustees believe that the charity has robust plans in place to maintain operations over the foreseeable future. These include prudent financial management, ongoing revenue growth efforts, and the development of reserves. 

Based on this assessment, the Board of Trustees has a reasonable expectation that The 1959 Group of Charities will continue to operate as a going concern for the next 12 months and beyond. 

This conclusion is supported by regular financial monitoring and contingency planning to mitigate any emerging risks. 

## **Risk Management** 

In compliance with the SORP, the major risks to which the charity is exposed, as identified by trustees, have been reviewed and systems have been established to manage those risks. These are reviewed at the quarterly board meetings. 

Page 4 



## **THE 1959 GROUP OF CHARITIES** 

## **Reserves Policy** 

The 1959 Group of Charities is committed to maintaining financial sustainability to support our charitable activities and ensure long-term stability. 

As a small charity currently without reserves, our priority is to establish and build an appropriate level of unrestricted reserves over time. These reserves will act as a financial safeguard, enabling us to: 

- Manage unforeseen financial challenges or shortfalls. 

- Ensure the continuity of our business delivery in case of unexpected events. 

- Invest in opportunities that support our mission and long-term growth. 

Our target is to build reserves equivalent to three months of operating expenditure within the next five years. This target will be reviewed annually in light of financial performance, operational needs, and external circumstances. To achieve this, we will: 

1. Allocate a portion of any surplus income to reserves at the end of each financial year. 

2. Actively seek funding opportunities to strengthen our financial position. 

3. Monitor our reserves level through regular financial reporting to ensure progress towards our target. 

This policy will be reviewed annually by the Trustees to ensure it remains appropriate and aligned with our organisational goals. 

The Auditors, MHA, will be proposed for re-appointment at the forthcoming AGM. 

Approved by order of the members of the board of Trustees and signed on their behalf by: 





Date: 

Page 5 



DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted
Accounting Praclicel.
The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for
each financial year which give a true and fair view of the stste of affairs of the Group and the Charity and of their
incoming resources and application of resources, including their income and expenditure, for that period. In
preparing these financial statements, the Trustees are required to..
select suitable aceounling policies and then apply them consistently",
observe the methods and principles of the Charities SORP IFRS 1021",
make judgments and accounting eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards {FRS 1021 have been followed, subject lo any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial
position of the Group and the Charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed.
They are also responsible for safeguarding the assets of the Group and the Charity and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on ils behalf by..
Roknl M,nl
R A Monteath
Dale.. January 29, 2025
Page 6

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE 1959 GROUP OF CHARITIES
Opinion
We have audited the financial statements of The 1959 Group of Charities (the 'parenl charity'l and its
subsidiaries Ilhe 'group'l for the year ended 31 March 2024 which comprise the Consolidated Statement of
Financial Activities, the Consolidated Balance Sheet, the Charity Balan￿ Sheet, the Consolidated Statement of
Cash Flows and the related notes, including a summary of significant accounting policies. The financial
reporting framework that has been applied In their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi￿1.
In our opinion the financial statements..
give a true and fair view of the slate of the Group's and of the parent charity's affairs as at 31 March 2024
and of the Group's incoming resources and application of reSoUr￿s, including its income and
expenditure for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice", and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the Group in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including
the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charity's ability
lo continue as a going concern for a period of al least ￿e1ve months from when the financial statements are
authorised for issue.
Our responsibilities and the resFX)nsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
Page 7

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE 1959 GROUP OF CHARITIES
ICONTINUEDI
Other information
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other Information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except lo the extent otherwise explicidy stated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtsined in the course
of the audit, or otherwise appears lo be materially misslaled. If we Identify such material Inconsistencies or
apparent material misstslements, we are required to determine whether this gives rise to a material
misslatemenl in the financial stslements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing lo report in this regard.
Matters on which wo are requirgd to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Trustees, Report is inconsistent in any material respect wlh the financial
slalements., or
the parent Charity has not kept sufficient accounting records., or
the parent Charity financial statements are not in agreement with the accounting records and retums", or
we have not received all the infomation and explanations we requi￿ for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements. the Trustees are responsible for assessing the Group's and the parent
charity's ability lo Continue as a going conTrm, disclosing, as applicable, m8tters related lo going concern and
using the going concem basis of accounting unless the Trustees either intend to liquidate the Group or the
parent charity or to cease operations, or have no realistic alternative but lo do so.
Page 8

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE 1959 GROUP OF CHARITIES
ICONTINUEDI
Auditors. responsibilities for tho audit of the financial statements
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtsin reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delect a material misstalemenl when Il exists. Misstatements Can arise
from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users tsken on the basis of these financial slatemenls.
Irregularities, including fraud, are Instances of non-complian￿ with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to delecl material misstatements In respect of
Irregularib"es, including fraud. The extent lo which our procedures are capable of delecling irr￿ularitie$,
including fraud Is detsiled below..
Enquiry of management and those charged with governance around actual, potential or suspected lib"gation,
claims, non-compliance with applicable laws and regulations and fraud.
Review of legal and professional fees for evidence of legal work undertaken or fineslpenalties Incurred.
Enquiry of entity staff In compliance functions and extemal advisors lo identify any Instances of non-
compliance with laws and regulations.
Reviewing of financial slalements disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.
Performing audit work over the risk of management override, including testing of journal entries and other
adjustments for appropriateness.,
Evaluating the business rationale of significant transactions outside the normal course of business., and
An assessment of the methodologies used In order lo calculate the eslimalelprovision at the year end for
evidenTr of bias.
The accounting policy was checked lo the financial reporting standards where necessary and confimied to be
appropriate.,
reviewing accounting estimates for bias.,
Discussions amongst the engagement team in relation to how and where fraud might occur in the financial
statements and any potential indicators of fraud.,
Discussions with management over any potential or suspected fraud.
Performing subslanlive tests of detail over the completeness & existence of income within the financial
system.,
Performing subslanlive analytical review procedures reconciling expected income from corroborating evidence
lo that which had been recorded in the financial statements lo ensure that income was complete.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstalemenl in the financial statements or non-compliance with regulation. This risk
Increases the more that compliance with a law or regulation is removed from the events and transactions
reflected In the financial statements, as we will be less likely to become aware of instan￿$ of non-compliance.
The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
Intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.or
.uklaudilorsres
onsibilities. This description forms part of our
Auditors, Report.
Page 9

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE 1959 GROUP OF CHARITIES
ICONTINUEDI
Use of our report
This report is made solely to the charitys Iruslees, as a body, in accordance with Part 4 of the Charities
IAc¢ounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the
charity's trustees those matters we are required to slate to them in an Auditors, Report and for no other
purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than
the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
MHA
stalulory Auditor
Swansea
United Kingdom
Dale".
MHA is the trading name of Maclntyre Hudson LLP, a limited liability partnership in England and Wales
Iregistered number OC3123131.
Page 10

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Other trading activities
Investments
35,698
1,904.782
1.857
35,698
1,904.782
1.857
24,159
1, 803,655
43,320
Total income
1,942,337
1,942,337
1, 871, 134
Expenditure on:
Raising funds
Charitsble activities
1,911.030
21.020
1,911.030
21.020
1, 832,623
27,648
Total expenditure
1,932,050
1,932,050
1, 860,271
Net movement in funds
10.287
10.287
10,863
Reconciliation of funds:
Total funds brought fO￿ard
Nel income attributable to the parent charity
17,006
4,645
17,006
4,645
6, 144
3, 730
21.651
5,642
21.651
5,642
9.874
7,132
Nel income attributable to non-controlling interests
Total funds carried forward
27.293
27.293
17,006
Page11

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
2024
2023
2023
Note
Fixed assets
Tangible assets
1,206
3,073
1,206
3,073
Current assets
Stocks
11
136,067
130.488
344.129
138, 812
51,904
303,075
Debtors
Cash al bank and in hand
12
610,684
493, 791
Creditors.. amounts falling due wthin one
year
13
1558.901)
(443,917)
Net current assets
51.783
49.874
Total assets less current Ilabllltles
52,989
52,947
Creditors.. amounts falling due after more
than one year
14
{25,696}
(35,941)
Total net assets
27.293
17.006
Charity funds
Unrestricted funds
15
27.293
IT,006
Total funds
27.293
17,006
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Roknl M,nl
R A Monteath
Trustee
Dale." January 29, 2025
The notes on pages 15 to 29 form part of these financial statements.
Page 12

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
CHARITY BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Investments
10
Current assets
Debtors
Cash al bank and in hand
12
5,401
23,516
288.973
288.973
28,91T
Creditors." amounts falling due wthin one
year
13
1287,2281
(26, 176)
Net current assets
1,745
2,741
Total assets less current liabilities
1.746
2. 742
Net assets excludlng penslon asset
1,746
2, 742
Total net assets
1,746
2, 742
Charity funds
Reslricled funds
Unrestricted fLJnds
15
15
1,746
2, 742
Total funds
1,746
2, 742
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Roknl M.nAg￿L
R A Monteath
Trustee
Dale. January 29, 2025
The notes on pages 15 to 29 form part of these financial statements.
Page 13

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note
Cash flows from operating activities
Nel cash used in operating activities
16
49,442
231,546
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of intangible assets
Purchase of tangible fixed assets
Acquisition of a subsidiary, nel of cash acquired
Cash acquired from subsidiary
Fixed assets acquired on acquisition
1,857
988
214,477
(1,416)
(631,446)
652,612
(222,443)
Net cash provided by investing activities
1,857
12.772
Cash flows from financing activities
Debt acquired from subsidiary
Repayment of bank loan
50,000
(4,058)
110,2451
Net tash (used inllprovided by financing activities
110,2451
45,942
Change in cash and cash gquivalents in the year
Cash and cash equivalents at the beginning of the year
41,054
296.260
303,075
6,815
Cash and ea$h equivalents at the end of the year
344,129
303,015
The notes on pages 15 to 29 form part of these financial statements
Page 14

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
The 1959 Group of charib.es is a registered charity number 249039, limited by guarantee, registered in
England and Wales.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities
preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The presentation currency for the financial statements is the Pound Sterling (£1.
Basis of Consolidation
The Consolidated Statement of Financial Aelivilies ISOFAI and Consolidated Balance Sheet
consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the
subsidiary are consolidated on a line by line basis.
2.2 Going concern
Since early 2020 the eonsequences of the COVID-19 outbreak followed by postal strikes have
adversely affected the demand for the subsidiary's primary products. Therefore, its operating results
have been negatively impacted.
The subsidiary has made significant changes to the way they operate, management strategy and
operational costs since the start of 2022. As at the 31 March 2024 the charity has net current assets
of £51,783.
The Trustees believe that, with current levels of trading and arrangements in place with creditor's,
the charity Continues to be a going concern and the financial statements are prepared on this basis.
The Trustees have assessed expected future cashflows, giving due consideration to all relevant
factors affecting the group. They have considered potential impacts, on the group as well as its
eapital resourees and believe that the group has adequate resources in place to continue in
operation for al least twelve months from the dale of approval of the financial statements.
Consequently, the group continues to adopt the going concern basis in preparing these financial
statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Trading income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
Page 15

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic
benefit lo 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 inVo￿ed in undertaking each activity. Direct costs attributable lo 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 be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of lime spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on direct￿ undertaking the activities which further the
Group's objectives, as well as any associated support costs.
2.5 Intorgst recgivablo
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Group., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Taxation
The Charity Is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such Income or gains are
applied exclusively to charitable purposes.
2.7 Tangible fixed assots and doprgciation
Tangible fixed assets are initially recognised at Cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into ils Intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straighl-line method.
Depreciation is provided on the following basis..
Computer equipment
20 /0 and 33.3Yo
Page 16

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.8 Investments
Fixed asset investments are a form of financial instrument and are Inilialty recognised al their
transaction cost and subsequently measured at fair value al the Balance Sheet dale, unless the
value cannot be measured reliably in which case Il Is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl
on investments, in the Consolidated Statement of Financial Aclivilies.
Investments in subsidiaries are valued al cost less provision for impaimienl.
2.9 Stocks
Stocks are slated al the lower of cost and net realisable value, being the estimated selling price less
costs lo complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in
pr￿resS and finished goods include labour and attributable overheads.
Al each balance sheet dale, stocks are assessed for impaimienl. If stock is impaired, the carrying
amount is reduced to its selling pri￿ less costs to complete and sell. The impairment loss is
recognised immediately in profit or loss.
2.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.11 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the dale of acquisition or opening of the deposit or similar
account.
2.12 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ Sheet dale as a result of a past
event, Il is probable that a transfer of economic benefit will be required in selllemenl, and the
amount of the settlement can be eslimaled reliably.
Liabilities are recognised al the amount that the Charity anticipates il will pay lo setde the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised In the Consolidated Statement of Financial Activities as
finance cost.
Page 17

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.13 Financial instruments
The Company has applied the provisions of Section 11 Basic Financial Instruments" and Section 12
Other Financial Instrument Issues of FRS 102 to its financial statements.
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities, or equity instruments. An equity
instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of ils liabilities.
2.14 Pgnsions
The company operates defined contribution and funded multi-employer defined benefit pension
schemes on behalf of certain employees. Contributions payable to the company's pension schemes
are charged to profit or loss in the period to which they relate.
2.15 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund Is set out In the notes lo the financial slalements.
2.16 Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay enlitlemenl which is accrued at the
Statement of Financial Position dale and Carried forward to future periods. This Is measured at the
undiscounted salary cost of future holiday enlillement so accrued at the Stslement of Financial
activities.
2.17 Goodwill
Negative goodwill arises on acquisition if the cost Is less than fair value of the net assets acquired.
Negative goodwill is fully amortised in the year of acquisition.
Page 18

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.18 Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required lo 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 lo be relevant. Actual results may differ
from these eslimales.
The eslimales and undedying assumptions are reviewed on an ongoing basis. Revisions lo
accounting estimates are recognised in the period in which the estimate is revised, if the revision
affects only that period, or In the period of the revision and future periods if the revision affects both
current and future periods.
The areas for which eslimalion has been applied are considered to be in calculating depreciation
and provisions. Although these areas are subject lo judgement, they are not considered lo be
subject to significant estimation.
Income from donations andlogacies
UnrgStri¢ted
funds
2024
Total
funds
2024
Donations
30,383
5,315
30.383
5.315
Gift Aid
35,698
35,698
Unrestricted
funds
2023
Total
funds
2023
Donations
18,724
5,315
120
18,724
5,315
120
Gift Aid
Subscriptions
24, 159
24,159
Page 19

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investmgnt incomg
Unrgstricted
funds
2024
Total
funds
2024
Interest receivable
1,857
1.857
Unrestricted
funds
2023
Tol81
funds
2023
Interest receivable
Goodwill on acquisition of subsidiary
988
42,332
988
42,332
43,320
43.320
Analysis of expenditure by activities
Support
costs
2024
Total
funds
2024
Raising donations and legacies
21,020
21.020
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Raising donations and legacies
19,203
8,445
27,648
Page 20

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expendituro by activitigs Icontinuedl
Analysis of direct costs
Raising
donations
and
legacies
2024
Total
funds
2024
Raising
donations
and legaci6s
2023
Total
funds
2023
Wages
Sundry expenses
19,103
100
19, 103
loo
19,203
19,203
Analysis of support costs
Total
funds
2024
Activities
2024
Audit and accountsncy fees
21,020
21,020
Total
funds
2023
Activities
2023
Audit and accountsncy fees
8.445
8,445
Page 21

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Auditors. remungration
2024
2023
Fees payable lo the Charity's auditor for the audit of the Charity's annual
accounts
16,250
19,000
Fees payable lo the Charity's auditor in respect of..
Preparation of the consolidated accounts
3,250
Staff costs
Group
2024
Group
2023
Charity
2024
Charity
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes
506.384
32,662
569, 165
32,554
24,914
19,101
9,506
9,376
548.552
611,035
24,914
19,101
The average number of persons employed by the Group during the year was as follows..
Group
2024
Group
2023
Employees
31
35
No employee received remuneration amounting to more than £60,000 in either year.
The total remmuneralion paid lo ils key management personnel during the year was £114,774.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NIL).
Page 22

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Tangiblo fixed assets
Group
Office
equlpment
Cost or valuation
At 1 April 2023
30,817
At 31 March 2024
30,817
Depreciation
At 1 April 2023
Charge for the year
27.743
1.867
At 31 March 2024
29,610
Net book value
At 31 March 2024
1.207
At 31 March 2023
3,073
Page 23

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10.
Fixed assot investmgnts
Investments
in
subsidiary
companies
Charlty
Cost or valuation
At 1 April 2023
At 31 March 2024
Page 24

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11.
Stocks
Group
2024
Group
2023
Stocks
136,067
138,812
12. Debtors
Group
2024
Group
2023
Charity
2024
Charity
2023
Due within one year
Trade debtors
other debtors
Prepayments and accrued income
124.737
2.489
3.262
38,070
7,674
6,160
5.407
130,488
51,904
5,401
13.
Creditors: Amounts falling due within ono ygar
Group
2024
Group
2023
Charity
2024
Charity
2023
Bank loans
10,000
207.177
10,000
209,256
Trade creditors
Amounts owed lo group undertakings
Other laxalion and social security
Other creditors
287,228
26.176
226,215
115,509
172, 836
51,825
558.901
443,917
287,228
26,176
14. Creditors: Amounts falling due after more than one year
Group
2024
Group
2023
Bank loans
25,696
35,947
Page 26

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
ststgmgnt offunds
ststgmgnt offunds- currentyear
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expenditure
Unrestrlcted funds
General Funds
Non-controlling interest
9.874
7.132
1,942.337
{1.932.0501
15,6421
5,642
14.519
12.774
17,006
1,942,337
{1,932,0501
27,293
Page 27

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
ststgmgnt offunds Icontinuedl
ststgmgnt offunds- prioryear
Balance al
31 March
2023
Balan￿ at
l Apnl 2022
Transfers
in/out
Income Expenditure
Unrestrlcted funds
General Funds
Non-controlling interest
6, 144
1, 871, 134
(1,860,272J
(7, 132)
7,132
9,874
7,132
6, 144
1, 871, 134
(1,860,272)
fT,006
16.
Roconciliation of net movement in funds to net cash flow from oporating activities
Group
2024
Group
2023
Nel income for the period las per Ststemenl of Financial Acliviliesl
10,287
10,863
Adjustments for:
Depreciation charges
Amortisation charges
Dividends, interests and rents from investments
Lossllprofill on the sale of fixed assets
Decreasellincreasel in stocks
Increase in debtors
1,867
6,633
(21, 166)
(988)
(325)
(138,812)
(51,9Q4)
433,245
11,8571
2,745
178,5841
114,984
Increase in creditors
Not cash provided by operating activitigs
49,442
237,546
Page 28

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE
THE 1959 GROUP OF CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Analysis of cash and cash equivalents
Group
2024
Group
2023
Cash in hand
344,129
303,075
Total cash and cash equivalents
344,129
303,015
18. Anatysis of changes in net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash al bank and in hand
Debt due within 1 year
Debt due after 1 year
303,075
{10.0001
{35,9411
41,054
344,129
110.0001
125.6961
10,245
257,134
51,299
308.433
19.
Pension commitments
The group operates a defined contribution scheme with contributions paid in the accounting period
charged to the profil and loss account. The pension cost charge represents contributions payable by the
group lo the fund and amounted lo £9,50612023 - £9,316).
Defined Benefit Scheme
The charity participates in the scheme, a mulli-employer scheme which provides benefits lo some 638
non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not
possible for the charity lo obtain sufficient information to enable it to account for the scheme as a defined
benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is subject lo the funding legislation outlined in the Pensions Act 2004 which came into force
on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical
Actuarial Standards issued by the Financial Reporting Council, sel out the framework for funding defined
benefit occupational pension schemes in the UK.
The scheme is classified as a 'lasl-man standing arrangement.. Therefore the charity is potentially liable
for other participating employers. obligations if those employers are unable lo meet their share of the
scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet
their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carried out al 30 September 2020.
The present value of the provision is £45412023.. £9721.
Page 29

DoGUSign Envelope ID." ECC29FEE_FEA244E3-84E74BD8CA43FBEE