2021-03-31-accounts - Papworth And Enham Foundation

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Company Number: 00502119 Reglstered Charlty Number: 277670 THE PAPWORTH AND ENHAM FOUNDATION A company limited by guarantee Annual Raport and Flnanclal Statwnents For the year ended 31 March 2021

THE PAPWORTH AND ENHAM FOUNDATION CONTENTS Page Officers and professional advisers Report of the Council of Management Independent auditors, report Statement of Financial Activities (including the income and expenditure account) Statement of Financial Position Notes to the Financial SLgtements 10

THE PAPWORTHAND ENHAM FOUNDATION OFFICERS AND PROFESSIONAL ADVISERS Year ended 31 March 2021 PATRON Her Royal Hlghness, the Duchess of Gloucester, GCVO MEMBERS OF THE COUNCIL OF MANAGEMENT M Blake H Gunn S Kent K Aziz {Re8igned 31 December 2020) COMPANY SECRETARY S Williams REGISTERED OFFICE Enham Place Enham Alamein Andover Hampshlre SP116JS BANKERS Barclays Bank PIC Leicester LE87 2B8 SOLICITORS Blake Morgan LLP Harbour Court Compass Road North Harbour Portsmouth Hampshlre P06 4ST INDEPENDENT AUDITORS Pricewaterhousecoopers LLP Savannah House 3 O¢ean Way Ocean Village Southampton S014 3TJ

THE PAPWORTH AND ENHAM FOUNDATION REPORTOFTHECOUNCIL OF MANAGEMENT Year endod 31 March 2021 The Council of Management presents ts annual report and the audited financial staternents of The Papworth and Enham Foundation (the'Foundation°) forthe year ended 31 March 2021. The financial statements comply wlth the Charities Act 2011. the Crynpanies Act 2008, the Memorandum and Artides of ASsoation, and the Charities Statement of Recommended Practi {applicable to chariti8s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019. CONSTITUTION AND GOVERNANCE OF THE CHARITY As V11 as being a registered charity, number 277870, the Foundation is a company limited by guarantee, registered in England number 00502119 and is govemed by its Memorandum and Articles ofAssociation. It Fs managed by the Council of Management, who are also considered directors of the charitable company for the purposes of company law and trustees for the purposes of charity law. Council members may be appointed during the year to fill a casual vacancy and a elected for a term of one year at the Annual General Meeting, should they wish to continue in office for a further year they offer themselves for r&election by the members of the Foundation present at the meeting. PURPOSES OF THE CHARITY, RESERVES AND RISK MANAGEMENT The main objeciive of the charity is to assist people with disabilities. It also has the power to assist their needy dependants. These objectives are fulfilled in practice by raising appeal funds for its associated charities, The Papworth Trust and Enham Trust, both ofwhich are concemed with the training, employment and housing of people with disabilities and their families. The trustees consider the activities of the charity and its achievements for the year ended 31 March 2021 comply with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance issued by the Charity Commission. The charity fulfils its objectives by making distributions to The Papworth Trust and Enham Trust. The unrestricted reserves are intended to meet future running costs. The counol believes that there are no significant risks associated with the charity's activities. RESULTS FOR THE YEAR Two significant lega¢ies m8ant that total incom8 for the year ended 31 March 2021 was £140.790 Compared with £287 for the previous year. The council would like to express its sincere thanks to those who have contributed to the Charity during the year. During the year £nil (2020.. £nil) was donated to The Papworth Trust arKI £nil (2020." £nil) to Enham Trust, leaving a surplus of £144,626 (2020.. £3,919) to be carried fopward. FUTURE ACTIVITIES It bvas agreed between The Papworth Trust and Enham Tnjst that. from Jun8 1993. they VA)uld each raise funds separately through their own appeals departments. It is therefore expected that the amount of funds raised through The Papworth and Enham Foundation will diminish in the future.

THE PAPWORTH AND ENHAM FOUNDATION REPORTOFTHE COUNCIL OFMANAGEMENT{continued) Year ended 31 March 2021 GOING CONCERN After full examlnation of all the major areas of rlsk and financial exposure, the directors are satisfied that no material or significant exposures exist other than as reflected in these financial statements and that The Papworth and Enham Foundation has adequate resources to continue its operations for the foeeable future. For this reason, they Continu8 to adopt the going concem basis in preparing these financial statements. COUNCIL OF MANAGEMENT The members of the Council of Management who have served during the year and up to the date of signing the financial statements are set out on page 1. Enham Trust group has Directors and Officers liability insurance policy which provides insurance cover to the members of the Council of Management of The Papworth and Enham Foundation In their role. COUNCIL OF MANAGEMENfs RESPON818ILrriES STATEMENT The m8mber8 of the Council of Management {vtho are also directors of The Papworth and Enham Foundatlon for the purposes of company law and trustees for the purposes of charity law) are responsible for preparing the Report of the Council of Management and the financial Statements in accordance with applicable law and regulation. Company law requires the Council of Management to prepare financial 8tatements for eKh financial year. Under that law the Council of Management have prepared the financial statements in accordance wrth United Kingdom Accounting Standards, comprising FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland.. and applicable law {United Kingdom Generally Accepted Accounting Practice). Under company law the Council of Management rnU8t not approve the financial Statements unless they are satisfied that they give a true and fair vlew of the State of the affairs of the charitable company and of the incoming re8ource8 and application of r880urce8, Including the income and expenditure, of the charitable company for that period. In preparing these financial Statement8, the Council of Management are required to.. Select 8ultable accounting policies and then apply them wnsi8tently; observe the methods and principles in the Statement of Recommended Practice: Accounting and Reporting by Charities {2019); make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards, comprising FRS 102, have been followed, subject to any material departures di8¢losed and explained in the financial statements,. and prepare the financial 8tatements on the going concem basis unless It is inappropriate to presume that the charrlable company wlll contlnue In business. The Council of Management are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with raasonable a¢curacy at any time the financial position of the charitable ¢ompany and enable them to ensure that the financial staternents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company arKI hence for taking reasonable steps for the prevention and detection of fraud and other iwularities.

THE PAPWORTH AND ENHAM FOUNDATION REPORT OF THE COUNCIL OF PIANAGEMENT (continued) Year ended 31 March 2021 COUNCIL OF MANAGEMEKfs CONFIRMATIONS In the case of each member of the Council of Management in office at the date the Report of the Council of Management is approved: (a) so far as the member is aware, there is no relevarrt aLKlit infomiation of which the charitable company's aLKlitor5 are unaware,. and (b) each member has taken all the steps that helsh8 ought to have taken as a member in order to make himselfiherseif ware of any relevant audit infomiation and to establish that the charitable company's wditors are aware of that infomab'on. This confimiation is given and should be interw•ted in accordance with wovi8ion8 of section 418 of the Companies kl 2006. The Report of the Counal of Management has been prepared ta.ng advantsge of the small ¢ompanie8' exemption of Part 15 of the Companies Act 2006. A8 a small company, the charitable company is not required to wepare a Strategic Rèport. Approved by the Council of Management on 11th October 2021 Heath Gunn Director Susan Kent Director

THE PAPWORTH AND ENHAM FOUNDATION Independent auditors, report to the members of the Papworth and Enham Foundation Report on the audit of the financial statements Opinion In our opinion. The Papworth and Enham Foundation's charitable company financial statements (the'financial statements"): give a tnje and fair Niew of the state of the charitable Company's affairs as at 31 March 202L and of it5 inconiing resources and applieation of re50urees, including its income and expenditure, for the year then have been properly prepared in accordance with Unlted KingdoTn Generally Accepted Accounting Praetiee (United KingdoTll Accounting Standards. comprising FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland- and applicable law},' and have been prepared in accordanee with the requiretnent5 of the Companies Act 2006. We have audited the finaneial ststement5, included within the Annual Report and Financial Statements {the "Annual Report-l, which comprise.. the Statement of Financial Position as at 31 March 2021. the Statement of Financial Actiwties Ilncluding the Income and Expcndityre Account) forthe year then ended. and the notes to the finaneial statetnents, whieh include a deseription of significant accounting policies. for npinion We eondueted our audit in aecordanee Hqth International Standards on Auditing IUKI I"ISAs (UKI"} and applicable law. Our re5ponsibilitie5 under ISA5 IUKI are furtlier described in the Auditors, responsibilities for the audit of the financial statements section of our report. We believ¢ that the audit eNidence we have obtatned is sufficient and appropriate to proNide a basis for our opinion. IndL'PL'ndL'TILC We romained indepcndent of the charitable compaDy in accurdance with the ethical requirement5 that are relevant to our audit cf the financial stateTnentS ITI the UK, which includes the FRC's Ethical Standard and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. Conclusions relating to going concern Based on the work we have perfortned, we have not identified any material unrtaIntieS relatEng to events or conditions that, indimdually or collectively. may cast 5ignifieant doubt on the charitable company's ability to continue as a going eoncern for a period of at least twelve months from the date on whieh the financial statements are authorised for issue. In auditins the financial statelnents, we have concluded that the Couneil of Management's use of the going concern basi5 of aceounting in the preparation of tht financial staternents is appropriate. However. because not all future eN'ent5 or conditions can be predicted, this eonelusion is not a guarantee as to the charitable coMpanS abilityto continue as a going concern. Oiir re5pon5ibilities and the re5pon5ibilit2es of the Council of Management with respert to gotng concern are described in the relevant sections of this report. Reporting on other information The other information comprises all of the information in the Annual Report other than the financial statements and our auditors, report thereon. The Council of Managemeiit are responsible for the other information. Our opinion on the financial Statements does not Cover the other information and, accordingly, we do not express an audit opinion or, except to the extent otherhryse explicitly stated in this report, any forn) of assurance thereon. In connection with our audit of the fjnancial stat¢ments. our responsibility 15 to read the other inlormation and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materiall). mi$5tated. If we idelltify. an apparent material ineon51Stency or material misstatement. we are required to perforni procedures to conclude whcthcr there is a niaterial misstatement of the financial stateinents or a material l$Statement of the other information. If. based on the work we have performed, we conclude that there is a Tnaterial mLS5tateTnent of this other information, we are required to report that fa¢t. We have nothing to report based on these respon5ibilitie5. Based on our work undertaken in the course of the audit, the Cotnpanie5 Act 2006 requires u5 also to report certain opinions and tnatters a5 described below.

PAPWORTH AND ENHAM FOUNDATION Independent auditors, report to the members of the Papworth and Enham Foundation Report uf the Cnuncil ofiVanageiFTent In our opinion, based the work undertaken in the course of the audit the inforniation given in the Report ofthe Council of Lmanagetnent, for the financial year for whieh the financial statements are ppared is eon5iStent with the financial statements: and the Report of the Couneil of MaDa8ement has been prepared in aeeordance with applicable legal requirements. In addition. in light of the knowled8e and understanding of the charitable company and its enmronment obtained in the course of the audit, we are required to report if we have identified aDy material misstatements in the Report of the Couneil of Management. We have nothin8 lo report in this respect. Responsibilities for the financial stal¢ments and the audit Responsibilities uf the Couneil ofmonagementfor thefinanaol statements explained rnore fully in the Council of Management's Responsibilities Statement, the Council of Management are responsible for the preparation of the finaneial statemenis in accordance th the applicable frarnework and for being Satisfied that they give a true and fair iiew. The Council of Managernent are also responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement. whetherdue to fraud or error. In preparing the financial statements, the Couneil of Management are re5pon5ible for a5se55ing the charitable compan5 ability to continue a 8OIIIB concern. disclosing as applie4ble. matters related to Soins concern and using the going concern basis of attountins unle&s the Council of Management either intend to liquidate the eharitable eompony orto cease operations. or hAve no realistie alternaiive but to do so. Aii(litor.s re5pon.%ibilitiesfor the uudit of thefjnuncial st(Jtements Our objective5 are to obtain rea50noble assurdnL* alxsut wheiher 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. Reosonable assurance is a high level of assurance. but is not a guarantee that an audit condurted in accordance with ISA5 IUKI wll &lway$ detect a material misstatement when it exisls. Miss¢atements arise frorn fraud or error and are eonsidered material il, indi%idually or in the a88regate. they eould reasonably be expected to influence the economie deci5ion5 of user5 iaken on the basis of these financi&l statements. Irregularities. including fraud, #re instances of non-complianee wth laws and regulations. Wc design procedures in line with our responsibilities. outlined above, io detect material misstatements in respect of irregularities, ineluding fraud. The extent to which our prrKedures #re Pable of delectins irregularities. including fraud, is detailed below. Based on our understanding of the djaritable cornpany. we idenlified ihat the princi1 risks of non-compliance with laws und regulotions related to the Charities Act 2011 and the Companies Act 2006. and we considered the extent to which non.compliance might hai'e a material effect on thc financial sta¢ements. We evuluated mana8ement's incentives and opportunitie5 for fraudulent manipulation of the financial Statements (including the risk of overrtde of controls) and determined ihal the principal risk5 were related to the timins of revenue recognition in respect of donations and le8acie5 and misstatement of the financial result through the use of manual journa15. Audit procedures perfornied included: DLSCUSSLons th management including considerations of knomm or suspected in5tance5 of non- cornpliance wth laws and regulation and fraud. Perforniin8 a reconciliation of all transaclions in the year io the finaneial statements and testing 411 material tran5artions. the financial $iatement disclosures Mith reference to the applicable reporting frameworks to confirm disc105ures Tnade are in accordance with applicable laws and re8ulations. There are inherent limitation5 Ill the audit procedures described alxjve. We are less likely to become aware of inslances of non-compliance with laws and regulations that not closely related to events and transactions reflected in financial 5tateTnent5. Also. the risk of not deteetins a material misstatement due to fraud L5 higher thon the risk of not detecting one re5uliing from error. as fraud ma), InND1 deliberate concealment by. for example, forgery or intentional misrepresentations or through colltssion. A further description of our responsibilities forthe audii of the financial stateTnellls 15 located on the FRCS web5Lte at.. www.frc.org.uklauditorsresponsibilities. This description fonn5 part of our auditors. report.

PAPWORTH AND ENHAM FOUNDATION

Independent auditors' report to the members of the Papworth and Enham Foundation

Use of this report

This report, including the opinions, has been prepared for and only for the charity's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.

OTHER REQUIRED REPORTING

Companies Act 2006 exception reporting

Under the Companies Act 2006 we are required to report to you if, in our opinion:

we have not obtained all the information and explanations we require for our audit; or
adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
certain disclosures of the Council of Management's remuneration specified by law are not made; or
the financial statements are not in agreement with the accounting records and returns.

We have no exceptions to report arising from this responsibility.

Entitlement to exemptions

Under the Companies Act 2006 we are required to report to you if, in our opinion, the Council of Management were not entitled to: take advantage of the small companies' exemption in preparing the Report of the Council of Management; and take advantage of the small companies exemption from preparing a Strategic Report. We have no exceptions to report arising from this responsibility.

Sasha Lewis (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditors Southampton 22 December 2021

THE PAPWORTH AND ENHAM FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (Including th• In¢ome and Expenditure account) For the year ended 31 March 2021 Totsl unr•strfcted funds 2021 Total unrostricted funds 2020 In¢om• frnm Donations and *acles Invesknents 140.785 275 12 Totsl Income 140,790 287 Expgndttur• on Charitable activitres (83) {79) Total Expenditure 183) (79) NET INCOME 140,707 208 NET MOVEMENT IN FUNDS 140.707 208 Fund balances brought foThvard at 1 April 3,919 3,711 FUND BALANCES CARRIED FORWARD AT 31 MARCH 144.626 3,919 There is no material differen between the net income above and the historical cost equivalent. All activiiies are continuing.

THE PAPWORTH AND ENHAM FOUNDATION STATEMENT OF FINANCIAL POSITION AS at 31 March 2021 2021 2020 CURRENT ASSETS Debtors due within one year Cash at Bank and in hand 140,535 7.021 6.849 T¢)tal Current Assets 147,556 6,849 Credltorn: Amounts talling due wbthin one year 2,930 2,930 NET ASSETS 144,626 3,919 RESERVES Unrestrtcted resepms 10 144,626 3.919 TOTAL CHARITY FUNOS 144,626 3,919 The financial statements on pages 8 to 13 were approved by the Council of Management on 11th October 2021 and were signed on ts behalf by.. Heath Gunn Director Company Number 00502119 Registered Charity Number 277670 Susan Kent Director

THE PAPWORTH AND ENHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 ACCOUNTING POLICIES General infommtion The Papworth and Enham Foundation (the 'foundation') raises appeal funds for its Iwo associated charities, The Papworth Trust and Enham Twst, both of which are concerned with the training, employment and housing of people with disabilities and their families. thus fulfilling the foundation's main objective of the charity of assisting people with disabilities. The foundation is charity registered in England and a private company Ilmited by guarantee, incorporated in the United Kingdom and registered in England. The address of ils registered office is Enham Place, Enham Alamein. Andover. Hampshire. SP116JS. Statement of compllanco The financial statements have been prepared in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102} (effectiV8 1 January 2019), rcharities SORP (FRS 102)°), and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Foundation meets the definition of a publiG benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notels). Accounting convention The financial statements are prepared under the historical cost convention. Cash flow statement No cash flow statement has been presented as the company has taken advantage of the exemption available under FRS 102 as it is a subsidiary of Enham Trust which itself prepares a consolidated cash flow statement. Legacies and donations Legacy entitlement is taken as the earfier of the date on which either.. the charity is aware that probate has been granted, the estate has been finalised and notrfication has been made by the executor(s) to the Trust that a distribution will be made. or when a distribution is received from the estate. Receipt of a legacy, in whole or in part. is onty considered probable when the amount can be measured reliably, and the charity has been notified of the executorfs intention to make a distribution. Mlhere legacies have been notified to the charity or the charity is aware of the granting of probate, and the criteria for income recognition have not been me( then the legacy is treated as a contingent asset and disclosed if material. Donations are recognised as income when there is evidence of entitlement of the gift, receipt is probable, and the amount can be measured reliably. 10

THE PAPWORTH AND ENHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2021 ACCOUNTING POLICIES (contlnued) Expondlturn- Charltable actlvlll•$ Expenditure on charitable activities includes all expenditure directly related to the objects of the charity and comprises grants payable, which are accounted for when the Council of Management has accepted a legal or moral obligation to make the grant. Fund accountlng The charity maintains one fund as follow8: nrestrlcted funds General unrestricted funds represent unrestricted income which is expendable at the discretion of the Councll of Management in the furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital inv88tment. Cash and c••h equlval•nts Cash and Ga8h equivalent8 in the balance sheet comprise ca8h at bank8 and in hand. Flnanclal Ingtruments The company has taken advantage of the exemption avallable under FRS 102, 88 a wholly owned subsidiary of Enham Trust, not to di8close financial instrument8. CHARrrABLE ACTIVITIES 2021 2020 Bank Gharges 83 83 79 Other costs ware borne by the charities that were beneficiaries of the Foundation. 11

THE PAFVK)RTH AND ENHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (continued For the year ended 31 March 2021 INVESTMENT INCOME 2021 2020 Interest receivable 12 DEBTORS DUE wrrHIN ONE YEAR 2021 2020 Accrued Income 140,535 CREDITORS: AMOUNTS FALLING DUE V•TfHIN ONE YEAR 2021 2020 Amounts <hved to Group undertakings 2.930 2,930 INFORMATION REGARDING ThE COUNCIL OF fiANAGEMENT AND EMPLOYEES The Pap*orth and Enham Foundation had no employees during the year 31 March 2021 (2020.. nil). No member of the Council of Management. or person related or connecaed by business to them. has received any remuneration or expenses from the Foundation during the year to 31 March 2021 {2020: £nil). LEGISLATIVE PROVISIONS The Papworth and Enham Foundation is a company limited by guarantee, the liabilty of each of the four (2020: fwr) members being limited to £1 (2020: £1). The Foundation is also registered with the Chanty C<xnmissioner5 as a tharity. 12

THE PAPWORTH AND ENHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) For the year ended 31 March 2021 RELATED PARTIES The management of the Foundation includes members in common with the rnanagement of both Enham Trust and The Papworth Trust. i+lthen it is possible to make grants, Enham Trust Is compensated for its admlnistration of the charity by way of an additional grant allocation from the Foundation. During the year, the Foundation made grants to the value of £nil (2020.. £nil) to Enham Trust and £nil (2020.. £nil) to The Papworth Trust. During the year to 31 March 2021. Enham Trust invoice £nil for administration 8eivices to the Foundatlon (2020: £nS1) A balance of £2.930 (2020.. £2,930) remained payable at yearend. TAXATION The Foundati¢)n i¥ a registered charty and does not trade, thus it is not liabl• to corporatlon tax on it8 net re80urces for the year. 10. UNRESTRICTED RESERVES At 1 April 2020 Income received Admlnl8tration costs 3,919 140,790 (83) At 31 March 2021 144.828 11. ULTIMATE PARENT COMPANY The immediate and ultlmate parent company and controlling party is Enham Tru8t, a company registered in England and Wales, company number 00173199 Ilmited by guarantee. Enham Trust 18 a Regi8tered Social Landlord and a registered charity, number 211235. Enham Trust's main principal purpose is to assist people with disabilities and their families through the provision of housing, care, training, advice and guidance and employment. Enham Trust holds a 52.5% ownershlp of The Papworth and Enham Foundation and exerci8eB control through thi8 ownershlp. Enham Trust is the largest arKI smallest group for which group financlal statements are prepared, and which consolidate these financial statements. Copies of the group financial statements of Enham Tru8t Can be obtained from Enham Place, Enham Alamein, Andover, SP116JS. 13