Company regiqtration number: 02288815 Charity rcgistration number.. 800435 The Douglas Bader Foundation (A company limited by guarantee) Annual Rep)rt and Financial Ststements for the Year Ended 31 October 2024
The Dougla5 Bader Foundation Contents Trustee5' Report {including Directors, Rewrt) Ito4 Statemenl of Trustees, Responsibilities Independent Examin&s Report Statement of Financial A1vIll¢S Balan¢¢ Sh¢¢l Statement of Cash Flows Notes lo the Financial Statement5 IOto22
The Douglas Bader Foundation Trustees, Report (including Directors, Report) The trustees. who are directors for the pu)SeS of company law, present the annual report together with the rinancial statements and independent examiner's report of the charitable company for the year ended 31 October 2024. The financial statements comply with the Charlties Aci 2011, the Companies Act 2006. the Memorandum and Articles of Association and the Charities Statement olRewmmcnded Practice ('fharities SORP") (applicable lo cIMTitIC5 preparing their accounts in accordance wilh the Financial Rewrting Standard applicable in the UK and Republic of ITeland. FRS 102) issued in October 2019. Trllstees S K Riddick G Jackson R Pascall G J P Cadbury Objertives 4nd artivitie5 Objects ain The principal adivities of the Foundation are to collect funds to advance and promole the physical, mental and spiritual welfar¢ and benefit of pKrsons who are disable in particular, those wtthout one or more limb4 and to relieve financial hardship amongst such persons, The charity's initial focus was on helping amputees buL over ihe years, it has broadffled its aims to include those wilh oiher disabilities. Public bene The charity rtherS its charitable purposes for the public benefjt through its grant making policy as described below. The trusttts wnfirn] that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the publi¢ benefit guidance published by the Charity Commission for England and Wales. Granl pnakingpolid The Douglas Badcr Grdnt Scheme provides practical suptM)rt for the pursuance of achievements by those with disabilities. This initiative has assisted wuntless disabled individuals and group5 thtDughout the UK to achiLwc a variety of goals in diveTSL" areas ranging from education, the arts.. sport and Te£reation to small businesses. Please rcfcr to achievements and perfomiance to see how these granis conlribut¢d to our aims and objeclives for the year. DBF has focused in its final year on Grant Glving with thL latcst sUC$sful applicants from October 2023- 16th Septcmbcr 2024. This enabled us to provide a wide range ol wonderlully divcrse grant4 &s well as including awards to fellow charities, dnd the creation of speclfic evenls, illcluding LimbPower Junior and S¢nior (iame5- Sailabllity sailing days- Freedom in the Air flights. Artic One triathlon. Page I
NOTJCE OF CLOSURE OF THEI)BF Ai ihe minuled Trustees Meeting held in 2022. the Trustees and Management Team diseussed the intended closure of thL Foundation in 2024. after a successful 42 years of fundraising for the disabled. It was also noled that it would lake time to plan for th¢ usc of the remaining funds, to fulfil existing adivity cornmitM]ts and grant appli¢ation5 by the end of financial year 31st October 2024. At the Trustees Meeting in 2024. The Chaiman ended by praising the incredible work by the Management Team DB, WMCC. KD and the support of the Trustees, since the inception of the DBF, and commented on what the charily had aLhicvcd over the past 42+ years. The Douglas Bader Foundation ceased trnding with effect from 31 OdobcT 2024 and ceased ILS fundraising and grant giving aclivities. The trustees are workin8 towards the final closure of the charily) whereupon any funds remaining will be donated to other charities in a¢cordan¢e wilh the charity's wnstitutional documents." Page I
The Douglas Bader Foundation Trustees, Report (including Directors, Report) FinaDell review The charity's total funds in the year ended 31 October 2024 decreased by £216,567 (2023- decrease of £87,171). Going concern As explained in the truslcL'S' report, the tThstees have reviewed the Foundation's posilion and have agreed to ce&se operations from 31 October2024. Consequently. the financial slatements havc been prepared on a basis other than going M¢n. As a result of this. aetS are recorded at their rewverable amount and long tenn assets and liabilities have been reclassified as current. Strueture? governane¢ and maDagement Nature ofgoverning docunwit The Douglas Bader Foundation was established on 27 October 1982 by trust deed. On 23 August 1988 a new company limited by guarantee (company registered number 02288815 in England & Wales) was incorry)rated under the Companies Act 1985 to carry on the activities of the foundation. The company is re8lStered as a charily, number 8INM35. Recruliment andappoinlttnl oflruslees As set out In the Articles of Associaiion the number uf trustees sha]1 not be less than four Imd not more than rifteen. Thc trustees may appKJinl any membcr of the (xjmpany a5 a trustee either to fjll a c&sual vacancy or as an addition to the Board. Any trustee appointed in this way shall retain office until the next Annual General Meeting and will then bc cligible for re-election. The charity is OTgani5ed so that the trustees wmmunicate Tegularly to manage its affairs. A Chief Executive officer, D C T Bickers. manages the day-to-day operations of the charity including fundraising and development of new iniliative5. Page 3
The Douglas Bader Foundation Truslees, Report (Aneluding Direttors, Report) RefereD¢e and Administrative Det411$ Chairnian G J P Cadbury Chief Executiv¢ OtTi¢¢r D C T Bickers SeeretAry D C T Bicker5 Registered Office 69 Carter Lane London EC4V SEQ The Clwity is incorJx)rnted in England & Wales. Company Re2istration Number 02288815 ebarity R¢gi$tr41ion Number 800435 Solicitors RWK Goodman 69 Carter Lane London EC4V SEQ Bankers Lloyds Bank plc 6 Pall Mall London SWIY 5NH Aecountsnts An810 Dutch Chartered c.ertified Accountants The Counling House High Street, Tring HP23 STE In preparing thi5 report. the trustee5 havetaken advantage of the small compani¢s' exemptions Provid by se¢tion 415A ol'the Companies Act 2006. The annual report was approved by the trustees of the Charity on ...5 March 2025 and signed on its behalf by: GJP Cadb Page 4
The Douglas Bader Foundation ststement of Trusteesl Responsibiliti&8 The trustees (who are also the direcloTS of The Douglas Bader Foundation for the purwses of company law) are responsible for preparing the trustees, annual rcport and the financial statemenls in aLLOTdance with the United Kingdom Accounting Standards (lJnited Kingdom Generally Ac¢epted Accounting PractiLe) and applicable law and regulation5. Company law requires the trustees to prepare financial statemenLs for each financial year. Under COMpY law the trustees must not approve the financial sialements unless they are satisfied that they give a true and fair view of the 8tat¢ of affairs of the charitable company and of ils incoTning resources and application of rcsourccs, including ils incume and expenditure, for that period. In preparing these financial statements. the Iruslees are required io: select suitsble accounting wlicies and apply them consistcntly- observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent- stste whether appli¢able UK Accounting SLgndards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on ihe going concern basis unless it is inappropriate to presume that the charitable comyany will continue in buslness. The truslees are responsible for keq)ing adequate accounting records that are su1Clent to show and explain the charitable company's transaclions and disclose ivith reasonable accuracy at any time the financial position of the charitable company and enablc them to ensure that the f1nancial stst¢ments comply wilh the CompaTkiCS Act 21K>6. They are also responsible lor safeguarding the assets of the charitable company and hcnce for tsking reasonable steps for the prevention and dctcLtion of Iraud and other irregularities. Approved by ihe trustees of thc Charity on 5 March 2025 and Sign on its behalf by: GJP Cadb Page 5
The Douglas Bader Foundation Independent Examiner's Report to the Trustees of The Douglas Bader Foundation I rep)rt to the charity tNstees on my examination of the accounts of the company for the )'ear ended 31 October 2024 which are Set out on pages 8 to 25. Responsibilities and basis of report As the charity tru5tccs of the company (and also the diTectOTS of the company for the purposes ofcompany law) you are resFK)nsible for the prq)aration of the accounts in accordance with the rwuirements of the Companies A¢1 2006 ('%hc 2006 Act"). Having satisfied myself that the accounts of the company aTC not required to be audifyd under Part 16 of the 2006 Act and are eligible for lndCpcndLt examination. I report in respect of my examination of your company's accounts as carried oul under section 145 of thc Charities Act 2011 (he 2011 Act"). In Catrying out my examination I have followed Ihe DirLLtions givcn by the Charity Commission under section 145(5Xb) of the 2011 Act. I confim] that bookkeeping services are provided to the Charity by Pulse Accountants Limitcd {trdding as Anglo Dutch). l a]so confjrni that l am a member of ACCA and thai body is subject to the pmvisions of the Revised Ethical Standard 2016 issued by the Financial Reporting Council (FRC). Independent examiner's statement SAn¢e the wmpany's gross income exceeded £250,000 your examiner must be a member ofa body lid in section 145 of Éhe 2011 ACL I conftrm that l am qualified to undertake the examination because l am a member of ACCA which is one of the listed bodies. J have completed rny examination. I confirm that no matters have come to my attention in connection with the examination giving me use to believe that in any material respect: accounting records were not kept in respecl of the company as required by section 386 of the 2006 ACL or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accountlng r¢quiremeJ]ts of section 396 of the 2006 Act other than any requirements that the accounts give a *rue and fatr view" which is not a matter considered as part of an tndependent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Pra¢¢ice for accounting and rewrting by Lharitie5 [applicable to charities preparing their accounts An accordance with the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I havc no ci)ncerns and have come across no other matters in connection with the examination to wh&ch attention should be drawn in this rcpDrt in order to enable a proper understanding of the accounls to be reached. Hclcn Imrie FCCA The Counting House High Street Tring HP23 STE Date: ...5 March 2025 Page 6
The Douglas Bader Foundation Statement of Financial Activities for the Year Ended 31 Oetober 2024 (Including Income and Expendilure Account) Unrestri¢ted runds Totsl 2024 Total 2023 R¢$tri¢ted fuDds Note Income from: Donations and legacies Other income Investmeni inwme 165,531 223,120 2,750 388,651 2,750 4,422 372.933 4.000 208 4,422 Total Income 169,953 225 870 395.823 377,141 Expendlture on: Raising funds Charitable activities (74,326) (74,099) 122,295 {148,425) 483 879 (165,481) 295,867 Total Expenditure 435 910 196 3941 632.304 461,348 Net (expenditsrevincome Gain on inveslment assets 265.957 236.481 Net movement In fuuds (246,043) 29,476 (216.567) (87,171) RecoDclllatlon of funds Total funds brought fonvard 272 165 314,612 401.783 Total funds cattied fonward 17 26,122 71.923 98,045 314,612 The not¢s on pages 10 to 22 forni part of these financial statements Page 7
The Douglas Bader Foundation (Registration number: 02288815) Balance Sheet as at 31 Oelober 2024 2024 2023 Note Ffixed set8 Tangible assets Inv¢slments li 12 Current assets Debtors Office equipment Investments Cash at bank and in hand 13 1.924 9.290 2284 281.940 54.177 347,691 12 114240 116,164 Creditors: Amounts falling due wlthin on¢ year 14 Net curr¢nt assets 98,045 315 167 Total assets less eurrent liabilities 98,045 315,167 Cr¢ditOTS: Amounts falling due after rnore than one year Net asstts 15 (555) 98.045 314.612 Funds of the Charlty: Restricted ineome funds 71.923 42.447 Unrestrided ineom¢ funds Unrestrirtd incorne funds 26,122 272,165 Totsl hnds 17 98,045 314,612 The financial statements on pages 7 to 22 were approved by the trustees, and authorised for issue on March 2025 and signed on their behalf by: GJPCadb The notes on pages 10 to 22 forni part of these financial ststements Page 8
The Douglas Bader Foundalion Statement of Cash Flows for the Year Ended 31 October 2024 2024 2023 Note Cash llows from operatlDg activities Nei cash income/(expenditure) (216.567) (87,171) Adjustments to t&8h flows from non-cash Items Depreciation Investment income Loss on salL of tangible fixed assets GaAnl(Loss) on rcvaluation of investments 961 (208) (4,422) 2284 19,914 {238.619) 2.964 (83,454) Working capit&il gdjuslmellts (Increase)IDecrffa in debtor5 (Decreas¢)Iln¢reas¢ in creditors 13 14,15 7,366 (672) 14.829 Nel cash flows from operating activtties 246213 69.297 Cgsh flows from ijvestlng actfvltles Intertst re¢etvabl¢ and similar income IrChaSe oftangible assets Proceeds from sale of tangible a&sets Purchase of invothents Proceed5 from sale ofinvestments Transfcr to cash held for investmenl Dividcnds from investments 4,422 208 li (1,444) 12 (206.911) 505,616 3.149 (46.004) 125.789 2,526 12 Net cash flows from investing activities 306 276 Net Increasel(decrease) ID 3h and ¢9sb equivalents 60,063 11,778 Cgsb and casb equffivalents at l November 2023 54.177 Cash equivalents at 31 October 2024 114 40 54.177 The note5 on pages 10 to 22 frjrni part of these financial statements Page 9
The Douglas Bader Foundatloll Notes to the Financial Statemenls for the Year Ended 31 October 2024 Aeeountittg ptslieies Swmm4ry of 5igDlfieant aecountlllg policies and key a¢¢ovnting estlmates The principal accounting policies applied in Ihe preparation of these financial stat¢m¢nts are set out below. These polieies have been consistently applied to all the years presented, unless othcrwise stated. Statement of ¢ompliaDce The financial slalements have been prepared in a¢¢ordance with the Charities: Statement of Recommended Practice (applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard app1]ble in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Rewrting Siandard applicable in the UK and R¢publtc of Jreland {FRS 102). and the Companies A¢1 2006. Basis of prepar4tion The Douglas Bader Foundation is a private company limiled by gu8rantee incortK)raled in En8land & Wales (registered number 02288815). The Dougl&s Bader Foundation As also a charity registered in England & Wales (registered number 800435). In the event of the charity being wound up, the liability in respect of the guarantee is limited lo £1 per member of the charity- The address of the registered offi¢¢ is given in the charity infonnation in¢luded in the TTUStees' Rert as are the nature of the charity's operations and principal activities. The Douglas Bader Foundation meets the definilion of a public beneftt entity under FRS 102. Assels and liabilities are initially recognised at historica] cost or transaction value unless othenwise staled in the relevant accounting FN)licy notes. Golng ¢oncern As explained in the trustees"" report, the trustees have reviewed the Foundation's position and have agreed cease operations from 31 Odober 2024. Consequenil) * the financial ststements have been prepared on a basis other than going ncern. As a result of this, assds are recorded at their recoverable amount attd long tem) assets and liabilities have been reclassified as current. Estimates And Judgements Estimates and judgements are continually evaluated and a based on historical experience and oiher factors, including expectations of future events that are believed io be reasonable under the ciwumstan¢es. The items in Ihe financial statements where these estimates and judgements have been made include the useful economic lives of tangible fixed assets. The annual depreciation charges for the tangible assels are sensitive lo changes in the eslimaled useful economic lives and residual values of the assets. The useful ewnomic lives and residual values are re-assessed annually. They are amended when necessary to refiect current estimates, based on economic utilisation and the physical condition of the assets. In¢ome All income is recognised onLe the charity has entiilement to the income, it is probable that the in¢orn¢ will be received and the amoun¢ of the income receivable can be measured reliably. Page 10
The Dollglas Bader Foundation Notes to the Financial Statements for the Year Ended 31 October 2024 Donations and legacl Donations are recognised when the charity has been nutified in writing of Ix)th the amount and seulement date. In the event that a donation is subject to ronditions that require d levLI of perfomiance by the charity before the charity is entitled lo the funds. the income is deferrcd and not recognised until either those conditions are fully met, or thc fulfilrnent of those conditions is wholly within the control of the charity and it is probable these condilions will be fulfilled in the reporting PLTiUd. l.egacies ar¢ rewgnised at the earlicr of the charity being notified of an impending distribution or the legacy being received. If a legacy is notified but it is not possible to rnre the exact amounl cxpLLtcd to be distributed the legacy is treated as a conlingcnt asset and disclosed. Donated Servi are recognised in income at their fair value when their economtc benefil is probablc and can be measurcd reliably. Fair value is deiennincd on the b&8is of the value of the gift to the charity, for example ihe ount the charity would be willing lo pay in ihe op¥n market for such services. A ¢orr¢spDnding amount is regnised in expditure. Royalty income Royalty inwme 15 recognised when the charity has been notified of the amount re1vable. Inveslttwnt Income Interest on funds held on dewsit is Included when receivable and the amount Can Ix measured reliably by the charity* . this 15 nonnally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notifi¢a¢ion has been received of the dividend due. Gov¢rnmentgran¢s Inme from the Coronavirus Job Retention Scheme is recognised when the charity has entitlement to the funds, il is probable that the income will be re¢¢ived and the amounl can be measured reliably. Expenditure All expenditure is recognised once theK is a legal or constructive obligauon io that expenditure, it is probable settlement As required and the amount can be Mured reliably. All costs are allocated io the applicable expendilure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been alloLatL'd on a basis consistentwith the use of resources, with cenlral slaff costs allocated on the basis of time spenl, and depreLriatiun charges allocated on the portion of the asset's use. Other SUprt costs are allocated based on the spread of staff costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. RoiwipwfAnds 'I'hese are costs. incurred in attracting voluntary income, the management of investments and those IntTed in trading activities ihat raisc funds. Charitable acliviti ChaTilable cxpenditure comprises those costs incurred by the chaTity in the delivery of its activities and services ror its benLficiaries. It includes ix)th costs that Lan bL allocated directly to such activities and those cosls of an indireci nalurc eSsary to supwjrt th¢m. Support costs Support costs are those that assist the work of the charity but do not directly represent ¢haTilable artivities and include oifice cosls and governance costs. They are incurred directly in supp)rt of expenditure on the objects of the charity. Where suprA)rt costs cannoi be directly attribuied to particular headings the), have been allocaied cosls ofraising funds and expenditure on ¢haritabl¢ a1VilIeS on a basis consistent with use of Ihe resources. Pagell
The Douglas Bad¢r Foundation Notes to the Financial Statements for the Year Ended 31 October 2024 Governance costs These include th¢ costs auributable to the charity's compliance with ¢onstitutional and stsiulory requirements, in¢ludin8 audit, stralegic management and Trustee's meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Aci 2010 and therefore it mee¢s the definilion of a charitable company for UK corporation lax purposes. Accordinglyj the charity is lentially exernpt from t&xation in respect of income or ¢4pAtal gains received within categories covered by Chapter 3 Part I l 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 charlble pu4)oses. Tanglble red s5etS Individual fixed assets C05ting £l,(K)O or more are initially recorded at ¢OSL less any subsequent accumulated depreciation and subsequent accurnulated impairnient losses. DepreclailoD and Amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expect usefvl economic life as follows: Asset ¢1gs$ Furniture and equipment Depreelatlon Meth( and rate 250/0 straight line CurreDt asset Investments Current asset investments are in¢luded at markel value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cosL and are ¢harged or edited the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Adivities based on the market value at the year end. Debtors Short tem] debtors are initially measured at the transaclion price, less any impairnient. Prepayments ar¢ measured at the amount prepaid. Cash eash ¢quivleDts Cash and cash equivalents comprise cash on hand and call de31t& and other short-terni highly liquid investments that are Teadily convertible to a known amount ofcash and are subjecl to an insignificant risk of change in value. Creditors Creditors are recognised where the charity has a present obligalion resulting from a past event that will probably result in the transfer of funds to a Éhird party and the amount due to settle the obligation can be m&ured or estima*d reliably. Creditors are recognis¢d at their settlement amounl after allowing for trade discounts. Hlre pur¢has¢ agreemeDts Assets held under hire purchase aeeMentS are capitalised and dI10S¢d under tangible fixed assets at their fair value. The capitsl element of the future payments is treated as a liability and the interest ts charged to the profit and loss account on a straight line basis. Page 12
The Douglas Bader Foundation Notes to the Financial Statements for the Year Ended 31 October 2024 Fund strneture Unrestri¢ted income funds are general funds that are available for use at the trustee's dIretIOn in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purry)ses, the us¢ of which 15 restricted to that area or pur$¢, FinaDelal Instruments The Dougl&s Bader Foundation only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Bas1¢ financial instruments are initially recognised at transaction value and subsequently measured at their settlemenl value. 2 Income from donations and legacies Unrestricted llds Total 2024 Total 2023 Restricted funds Donalions and legacies. Donations Legacy Royalties 161,419 223,120 384,539 361,659 4.112 165,531 4.112 388.651 11.274 372,933 223,120 Donations include £NIL (2023 - £NIL) in respect of donated services relating to the Bader Braves Flying Days. These events only take placL" thkS to the contribution of volunteers who provide their flying skills and aircraft to the Foundation free ol charg4 and aiTfields where no charge is madL for landing fees and other associated costs. 'I'he estimated value of these fees is recognised within income as a donation and an equivalent charge is included in professional fees. Page 13
The Douglas BAder Foundation Notes to the Financial Statem¢nls for the Year Ended 31 October 2024 3 Investment income Unrestricted fund5 Total 2024 Totsl 2023 Interest rece&vable and similar income. Interest receivable on bank deposits 208 4,422 208 4a Expenditure on raisfing funds Costs of g¢n¢rating donations aDd legacies Unrestricted nds Totsl 2024 Totsl 2023 Restricted thnds Marketing and publicity Other direct costs of generdting voluntary income 55,238 61,750 116,988 133.128 19.088 74,326 12.349 32J53 165,481 148,425 4b Expenditure on ralslng thnds- previous year Costs of generating donatlons and letieS Unrestricted fuDds Totsl 2023 Tot41 2022 Restricted funds Marketing and publicity Other direct costs of generating voluntary income 60.543 72.585 133,128 131,326 32,353 165 481 30.449 161.775 78,919 86.562 Page 14
The Douglas Bader Foundation Notes to the Finaneial Statements for the Year Ended 31 Oetober 2024 5a Exp¢nditure on cbaritable aetivities Actfivlty undertaken Grnnt fundiDg of Activity support direetly adlvfity costs Total 2024 Total 2023 Bader Braves Bus Company/Big Band MITT appeal Websile & communication Other events 14,220 2,250 6,095 22,565 22,566 10,729 23,877 1,065 70,155 11,794 104,769 24.009 83,873 10,737 23.577 47,442 119.845 10.602 21,334 48.768 34,179 310572 483,879 28,449 136.970 295 867 241796 315.266 5b Expendlture on eharilable activities- prevlous year Aetivlty ndertaken Grant funding of Activity support dirtttly aetivity Costs Total 2023 Total 2022 Bader Brave5 Bus Company/Big Band 15,534 2,250 4,782 22566 35,717 24,009 20,930 24,009 83.873 30,696 258,396 MIrr appeal Website mmunication Other events 55,200 7.743 20.766 32,918 114 157 7,683 16.300 28,449 136 970 295,867 23.703 117014 465.526 145.202 £361,584 (2023 - £177.917) of the above expenditu was attributable to unrestricted funds and £122,295 (2023 - £117,950) to rcstricted funds. Included in thc expenditure analysed in Note 5a. there are also governanLe costs of £40.750 (2023 - £19.465) which rele directly to charitable activities. See note 6 for further detsils. Page 15
The Douglas Bader Foundation Notes to the Financial Statements for the Year Ended 31 October 2024 6a Anlysis of governan¢¢ and support costs Support costs 4llocated to raising funds Premlses eo$ts includlng depreelatlo Other support eo$¢s Totsl 2024 Total 21123 Basis of allocation Costs of g¢nera¢ing donations and legacies stsff time Investhient management costs 1,009 2,821 3,830 2,569 Direct 1,009 4,294 5.303 4.946 Support costs allocated to eharltable aetlvliles Premises eosts Governnee Administration itt¢luding Other 5UPPOrt costs costs depreelatlon eosts Totsl 2024 Total 2023 Legal & professional Travel & subsistence PrcmisLS Staff Costs 35.368 35,368 13,357 2,882 2,882 8,018 2,500 48,768 3,608 8,402 11,141 36,508 4,038 3,980 2,500 40,750 4,038 3.980 Support Costs are allocated on the following basts.. - Legal & professional fees on a direct basis. - Travel & subsistence based on usage: - Premises and staff costs based on staff time. Governallee Costs Unrestricted funds Total 2024 Total 2023 Staff costs Wages and salaries Independent Lxamlner's remuneration Bookkeeping and accountancy fees Payroll fees Legal fees Other govemance costs 2.500 2.500 2.500 945 5,140 479 5.105 532 29,731 2,882 5.105 532 29,731 2.882 40,750 6.793 3.608 19,465 Page 16
The Douglas Bader Foundation Notes to the Financial Statements for the Year Ended 31 Oetober 2024 6b AnAlysis ofgovernance eost$- previous year Governanee Costs Unrestricted funds Total 2023 Total 2022 Ststf custs Wagcs and salaries Independent Examiner's remuneration Bookkeeping and accountsn¢y fees Payroll fees Legal fees Other governance Costs 2,500 945 5,140 479 2.500 945 5,140 479 6,793 3,608 2.500 945 4,990 492 2.953 1,062 12,942 6,793 3,608 19,465 7 Grant-making Analysis of grants Crants to inslilutlons 2024 Grants to Indlvffiduols 2024 Analysis Grants paid 212 301 102 965 The support costs associated with grant-making are £nil {31 October 2023 - £nil). Significant grants to institutions include £70,155 to Koalaa Limited in respect of the MITT appeal. £17.500 to the Alex Le74'is Trust, £15,000 to Arctic One. £10.025 to Finding your FeeL £30,000 to Wings for Warrior& £15,000 t() Over the Wall and £5,000 to LimbFower. 8 Net IDeome Net income for the year is stated after charging: 21124 2023 Indcpcndcnt examiner fees Depreciation of f¢d ast5 945 961 Page 17
The Douglas Bader Foundation Notes to the Finaneial Statemen¢S for the Year Ended 31 October 2024 9 Trustees remuneration and expenses During the year th¢ Charity made the lollowing transactions with trustees for reimbursement of travel and subsistence cosls.. S K Riddi¢k £nil {2023: £nil) of expenses were reimbursed to S K Riddick during the year. G Jackson £209 (2023: £nil) of expenses were reirnbursed to G Jackson during the year. R PaseAII £41 (2023: £nil} of expenses 'ere r¢Rmbursed io R Pascall during the year. G J P Cadbury £nil {2023: £nil) of expenses were reirnbursed to G J P Cadbury during the year. No trustees, nor any persons connected with them, have received any remuneration or other benefits from the charity during the current or previous y¢ar. 10 Staff costs The a88re8ale payroll costs were as follows: 2024 21123 Staff ¢os¢s dMriDg the yeAr wer¢: Wages and salaries J08.448 98,680 The above figures include employefs national insurance conlributions of £5,448 (2023 - £4,264}. Thc Monthly averdge head count number of rSOnS (including senior management team) unploycd by thc Charity during the year was as folluws: 2024 No 2023 No Staff numbers No employee receivd emoluments of morc than £60.000 during the currenl or previous year. The chief executive officer, iyho is considered to b¢ ihe charity's key managemen¢ personnel. Teceiv¢d employee remuneration and benefits totalling £45,000 (2023 - £39.750). Page 18
The Douglas Bader Foundation Notes to the Financial Statements for the Year Ended 31 October 2024 11 Tangible llss¢ts Furnlture and equipmeDt Total Cost At l November 2023 Additions Dispusals 6,239 6,239 39 6.239 At 31 October 2024 D¢preciation At l November 2023 Charge for the year Depreciation on disposals 3.955 3,955 3.955 3.955 At 31 October 2024 Net book value At 31 OGtobeT 2024 At 31 October 2023 2.284 2,284 12a Current asset Investments 2023 Other investments Other investments Li%t¢d investments Cash portfolio Totsl Cost or Valuation At l Novcmbcr 2023 Revaluation Ios5 Gain realised in the year Lisled investment additions Sale proceeds Transfers Inl'eslmenl income Management fees Disposals 278,791 (206.920) 226.834 206,911 3.149 281.940 (206.920) 226.834 (206,911) 505,616 (304,630) 4,249 (1,473) 505,616 (304,630} 4.249 (1,473) 505,616 505,616 At 31 OclobcT 2024 Iyet book value At 31 October 2024 At 31 October 2023 361,540 5,675 367,215 Pa8¢ 19
The Douglas Bader Foundation Notes to the Financial Statements for the Year Ended 31 October 2024 The historic cost of the listed investments As £nil (2023 - £302,985). 12b Other investmeDts An original painting has been donated to the charity with the possibility that income be generated either through its eventual sale or by use of its image for commercial purposes. The Trustees consider that it is currently impracti¢al to m¢asure the fair value of ihe painting and the costs of a fornial valuation outweigh the benefits. Until there is gre4¢er ¢¢rtainty surrounding its p)tenlial use. the painting is held as an investment with £Nil value. 13 Debtors 2024 2023 Prepayments Other debiors 1.907 17 1,924 1.905 9,290 14 Creditors: Amounts fallillg due within one year 2024 2023 Other taxation and so¢ial security Hire pUhaS¢ Accrnals for grants payable Accruals and deferred inwme 4,398 666 9,250 1.170 16,949 15 Creditors: Amounts falling due after more than on¢ ye4r 2024 2023 Hire purchase 555 Page 20
The Douglas Bader Foundalion Notes to the Finaneial Statemenls for Ihe Year Ended 31 October 2024 16 ChArfity stath$ The Charity is a Charity limtted by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the &ssets of the Charity in the event of liquidation. 17a Analysis of movement in funds Other reeognised gaiDS & transfers Balance at I November 2023 Balanee at 31 October 2024 Income Expenditur¢ Unrestricted funds Unrestricted general fvnds 272,165 169,953 (435,910) 19.914 26,122 Restrleted funds 225,870 196,394 71.923 Tot*1 funds 314.612 395 823 632.304 98.045 17b Analysis of movement ID funds- previous year Other reeognlsed gains & transfers Balan¢¢ at I Iyovember 2022 Balance at 31 October 2023 Ineome Expenditure UDre5tri¢¢ed funds Unrestricted general ndS 390,664 141,301 (256,836) (2,964) 272,165 Restricted funds 11,119 235.840 1204,512). Tolal funds 401.783 377,141 461.348 314,612 General funds represent funds of the charÉty which are not designated for Particul purposes. Restricted ndS represent monies raised to suptx)rt the Bader Brnves, Bader Bus Company and Bader Big Band events and the MITT project. Transfers have been made where necessary from unrestricted to reslri¢ted funds as authorised by the Trustees in order to SUprt expenditure on the ave projects. Page21
The Douglas Bader Foundation Notes lo the Finaneial Statements for the Year Ended 31 October 2024 18 Related party transaetlons During the year thc Charity entered into a contract for servtces with Trillion Tree Ltd. Payments of £5,8(M) (2023 - £26.6(K)) were made during the year. At the balance sheei date the amount due tolfrorn Trillion Trec was £Nil (2023 - £Nil). Page 22