Charity reaistration number: 108117 Mark Lynn CHD Foundation Annual Report and Financial Statements for tlle Year Ended 31 March 2023 Mark Lynn CHD Foundation Contents (continued) Reference and Administrative Details Trustees, Report 2104 Statement of Trustees, Responsibiliiies Independent Examinerfs Report Slatement of Financial Activilies Balance Sheet Notes to the Financial Statements 9t0 16 Mark Lynn CHD Foundation Reference and Administrative Details Chief Executive Officer Mrs Donna Lynn Trustees Mrs Donna Lynn Ms Pamela Dawson Ms Pauline Ward Ms Mandy Crawford Senior Management l Leadership Mrs Donna Lynn Team Charity Registration Number 108117 Principal Offic¢ l Kintyre Park Ballykeel I Ballymena Co Antrim BT4? 4AL Independent Examiner J A Mc Cleinenls & Co Accountant Page I Mark Lynn CHD Foundation Trustees, Report The trusiees presenl the annual report logether with the financial statements of the charity for ihe year ended 31 March 2023. Objectives and activities Objects and nlms Mark Lynn CHD Foundation has provided lood vouchers towards nutrition and wellbeing, essential supplies to hosipital wards. tilelries. blankeis, nappies elc during Covid 19, outdoor and indoor activities fur children, sucli as sand pils, bikes and trampolines have all been purchased. We liold a quiet Christma5, where children with chronic illnesses come and spend much needed time with santa, gifts and treats supplied. Food vouchers and g>ifts are supplied to families. The objects of Mark Lynn CHD Foundation is to raise vital donations 10 help chronically ill cl)ildren, particularly those with life-Ihrealin&i Illness, acros8 Northern Ireland. To help thein acquire and use specialist equipineni Ihai can't be purchased 011 tlie NHS To physically support thein with tunds wliile in hospital or Iravellingy to another hospiial. To l)elp tliem as Inuch as pussible Ihroug,hout Iheir short life and throughout their illness. To show their families and siblingis l OOO/o dedication by always being there ihroughoul the cild's illness and show IOOO/o SUPPOrt even after the child has passed away. Publlc beneJ71 the direct benefit from tlie Mark Lynn CHD Foundation include providing help and equipment for each child's needs at hoine or while in hospital, help will be provided to assist parenis with children living with chronic illnesses, Much needed support and Care. to help wilh social needs and costs arisiiig from caring for a child with chronic illnesses. Mark Lynn CHD foundation covers every clironic Inedical tenn a¢¢ros5 Nortl)ern Ireland, in this ever chanb)in8 World tliere has become so niuch Inore life threating illnesses in children, Mark Lynn CHD Fouiidalion will Ihrive in ils aiin lo help so Inany fainilies living with cliildreii born with chronic illiiesses, the coininunity and far afieldfundraisiiig work liard to support Mark Lyn CHD foundalion assisl see tl)e benefits of what tlie fouiidalioii does. These benefits can be evidenced by feedback from parents, careers and other medical professior]s with the child's interest.The benefits can also be deinostraled Il)rough Mark Lynn CHD Fouiidalion causes no l)arm lo children or parents The beneficiaries are children in need with long lenn chronic illnesses, and families with children with long term chroni¢ illnesses in need of help financially, hardship or any other ill related disadvantage The private benefit to a trustee may arise from our ongoing direct support to chronic ill children. Our own Iruslees receive infornTrstion in the same way other beneficiaries and are assigned io support andlor apply for grant aids tlie saine as other beneficiaries. These benefits are incidental and necessary io ensure the benefit is provided to all our beneficiaries. The tnjstees confimi that they have complied with the requirements of section 17 of the Charities Act 201 I to have due regard lo the public benefit guidaiice published by the Charity CoinEnission for England and Wales. Structure? governance and management Nalure ofgoveriiing document Conslitution Page 2 Mark Lynn CHD Foundation Trustees, Report (continued) Financial instruments Objectives andpolicies The charity's activities expose it lo a number of financial risks including crcdit risk, cash flow risk and liquidity risk. The use of finaiicial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivaiives to manage these risks. The charity does not use derivalive financial instruments for speculative purposes. Ca.shflow rlsk The charity's aclivilies expose il primarily to the financial risks of changes in foreign currency exchaiige rales and interest rates. The Lharity uses foreign cxchange forward conlracls and interest rale swap contracts to l)edgye Ihese exposures. Interesl bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows, Credll rl.sk The charity's principal fiiiancial assets are bank balances and cash. trade and oiher rec¢ivabl¢s, and investment5. The charity's credil risk is primarily attributable lo its Irade receivables. The ainounts presented in the balance sheet are net of allowances for doubiful receivables. An allowance for ilnpairinent is Inade where tliere is an identitied loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid fui)ds and derivaiive fiiiancial insirumei)Is is limited because the counterparties are banks with hi&,h credii-ratingys assigned by international credil-raling agencies. The charity has no sig)nifiLant coilcentration ol. credit risk. wilh exposure spread over a large number of countcrparties and customers. Llquldlty rlsk In order io maintain liquidity lo ensure Ihal sufficiei)I funds are available for ongoing) operations and future developiiients, the charity uses a mixture of long-teriii aiid short-term debt finai)ce. Further details reg)arding liquidiiy risk can be found in the Statetnent of accounting policies in the financial statements. The annual report was approved by the trusiees of the charity on I l December 2023 and signed on its behalf by: rs na Lynn Chief cxeculive officer and trustee Ms Pamela Dawson Trustee Pa OJJ Ms Pauline Ward Trustee Page 3 Mark Lynn CHD Foundation Trustees, Report (continued) Ms Mandy C Truslee rord Page 4 Mark Lynn CHD Foundation Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting Practice) and applicable la￿ and regulations. The law applicable io charities requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and ot the incoming resources and application of resources of ihe charity for thai period. In preparing il)ese financial slateinents, the Iruslees are required to.. select suitable accountin& policies and tlien apply them consisienlly; observe the Inethods and principles in the Charities SORP. make judgjemenis and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the tinancial stateinenls: aiid prepare the financial statements on the goii)g concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable Ihein 10 ensure that the financial staleinents comply with the Charities Act 2011, the Cl)arities (Accounts and Reports) Regulations 2008. and ihe provisions of the conslillltion. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasoiiable steps for 11)e prevenlioi) and detection of fraud and other irregularities. The trustees are responsible for the mainleiiance and integjrity of the corporate and financial infonnation included on the cliaritable company's wcb51te. LegJislation goveming Il)e preparation and disseinination ot financial statements may differ from legislation in other jurisdictions. Approved by the trusiees ol the charity un I l December 2023 and signed on ils behalf by.. Mrs onna Lynn Chief executive officer and trustee Ms Pamela Dawson Trustee s Pauline Ward Truslee OJJ M5 Mandy Cr Trustee ford Page 5 Mark Lynn CHD Foundation Independent Examiner's Report to the trustees of Mark Lynn CHD Foundation I report to the trustees on iny exainination of the accounts of Mark Lynn CHD Foundation for the year ended 31 March 2023. Responsibililies and basis of report As the charity trustees of Mark Lynn CHD Fouiidalion you are responsible for the preparation of the accounts in accordance with Ihe requireinents of the Charities Act 2011 ('the Act,). I report in respecl of my examination of the Mark Lynn CHD Foundation's accounts carried out under section 145 of the 201 l Act and in carrying out my exainination I have followed all the applicable Directions given by (he Cl)ariiy Con)mission under section 145(5){b) of the Act. Independenl examiner's statement liave coinpleled my exaininalion. I contirm Ihal no material Inaiters have come to my attention in conneclion with tlie examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of Mark LiY)n CHD Foiindalion as required by section 130 of tlie Act. or 2. Ihe accounts do not accord with those records; or 3. the accounts do not comply with the accounting requiremenls concerning? the fonn and Lontent of accounts sel out in tlie Charilies (Accounts and Reports) Regyulations 2008 other than any requireinenl that tli¢ accounts give a 'lrue and fair view, which is not a matter coiisidered as part of an independenl exaininatioii. I have no concerns and have Coine across no other matters in coiiiieclion with the examinaiioii to which allei)tion should be drawn iii il)is report in order to enable a proper iinderstanding of the accounts to be reached. JAMC eineiits & Co Accountant Assocciation of Certified Public Accountants I l December 2023 Page 6 Mark Lynn CHD Foundation Statement of Financial Activities for the Year Ended 31 March 2023 Unrestricted lunds Total 2023 Note Ineome and Endowments from: Donations and legacies 11,146 11,146 Total income 11,146 11,146 Expenditure on: Raising funds Charitable activities Other expenditure (937) (5,110) (3) (937) (5,110) (3) Total expenditure (6,050) (6,050) Net incom¢ 5.096 5,096 Net movement in funds 5,096 5,096 Reconcilialion of funds Total ￿ndS broughi forward 10,007 10.007 Total funds carried forward 10 1.5.103 Unrestricled funds 15,103 Tolal 2022 Nole Ineonie 8nd Endowments from: Donation5 and legacies 12,567 12,567 TL)tal income 12,567 12.567 Expenditure on: Raising funds Charitable activities (1,732) {10,904) (1,732) (10,904) Total expenditure {12,636) (12,636) Net expenditure (69) (69) Net movement in funds (69) (69) Reconciliation of funds Total funds brought forward 10,076 10,076 Total funds carried fonvard 10 10.007 10,007 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is Shown in note l O. The notes on pages 9 10 16 fonn an inlegral part of these flnancial statements. Page 7 Mark Lynn CHD Foundation (Registration number: 108117) Balance Sheet as at 31 March 2023 2023 2022 Note Current assels Cash ai bank and in hand 15,103 10,007 Funds of the charity: Unreslricted income funds Unr¢stricled funds 15,103 10,007 Tot81 funds 10 15.103 10,007 The fii)ancial slateinents 01) pa&Tes 7 10 16 were approved by the trustees, and authorised for issue on I I Decen)ber 2023 and signed 011 their belialf by.. Mrs Donna Lynn Chief executive officer and trustee Ms Painela Dawson Trustee Fa-uj Ms Pauline Ward Trustee Ms Mandy Trustee wford The notes on pages 9 to 16 fonn an integral part of these financial statements. Page 8 Mark Lynn CHD Foundation Notes to the Financial Statements for the Year Ended 31 March 2023 l Accounting policies Statement of eompliance The financial staleiiienls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recoinmended Praclice applicable to charities preparing Ilieir accounts in accordance with the Financial Reporting Standard applicable in ilie UK and Republic of Ireland (FRS 102) (effective l Janiiary 201 fj) - (Charities SORP (FRS 10?)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and lh¢ Charities Act 20 I I. Basis of preparation Mark Lynn CHD Foundation meets the definilion of a public benefit entity under FRS 102. The accounls (fmancial statements) have been prepared under the historical cost convention witli items recognised at cost or transaclion value unless otherwise stated in the relevant note{s) 10 these accoiinls. Going ¢on¢ern I'he trustees consider thai there are no Inaterial uncertainiies about the charity's ability to conlinue as a gioing onceni. Income and endowments Volunlary income including doiiations, gifts, legacies and grants that provide core funding or are of a gyeneral nature 15 recouynised when the charity has entitlement to the income. il is probable that the income will be received and the ainount can be measured with sU￿1¢ient reliability. Donulions legacie Donations and legaLies are recognised on a receivable basis when receipt is probable and tl)e amount can be I'eliably Ineasured. Expenditure All expenditure is recogtriiised once there is a le&yal or coiistructive obligjalioii to that expenditure, it is probable settlement is required and the amount can be Inea5ured reliably. All cosls are allocaled to ihe applicable expenditure heading that ag&Jregale similar costs to that calegory. Where costs cannot be directly allributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of liime spent, and depreciation charges allocaled on the portion of Ilie asset's Use. Other SUPPOrt costs are allocated based on the spread of staff ¥osts. Rolsingfunds These are costs incurred in attracting volunlary income, the Inanagemenl of investments and those incurred in trading activities that raise funds. Charllable aclli,Illes Charilable expenditure comprises those cosls incu￿ed by the charity in the delivery of its activities and services for its beneficiaries. It include5 both cost5 that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 9 Mark Lynn CHD Foundation Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Taxation The charity is considered io pass the iesis set out in Paragraph I Schedule 6 of tlie Finance Act 2010 and therefore it Ineets tlie definilion of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt froin taxation in respecl of income or capital 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 incon)e or gains are applied exclusively to charilable purpose5. Cash and cash equivalents Cash and cash equivalenis comprise cash on hand and call deposits, and other short-lerin highly liquid inveslmenls thai are readily convertible to a known amount of cash and are Subject to an insignificant risk of chan¥e in value. Borrowings Intere5t-bearing borrowings are iniiially recorded at fair value, net of transaction costs. Interest-bearing b￿￿oW1n¥$ are subscqucnily carried al ainortised cost, with Ihe difference betweeii the proceeds, nel of transaction costs, and 11)e ainount due on redeinpiion being recogni5ed as a charge to the Stateinent of Financial Aciivities over the period of the relevant borrowiiig. Interest expense is recognised on the basis of the effective inieresl Ineihod and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the cliarity has an uncoi)ditional right to defer settlement of the liability for at leasl twelve months after the reporting date. FuDd structure Unrestricted incoine funds are general fund5 Ihat are available for use at the trustees discretion in furtherance of Ihe objectives of tlie charity. Finaneial instruments Classlficollon Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the subslance of the contractual arrangements entered into. An equity instruinent Is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 10 Mark Lynn CHD Foundation Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Reciigiiilion and measuremenl All financial assets and liabilities are initially Inea5ured al transaction price (including transaction costs), except for Ih05e financial assets classified as at fair value throu￿ pi'ofit or loss, wliich are initially measured at fair value {which is norinall}' the transaclioii price excluding traiisaction costs). unless tlie arrangement Collslitutes a financing transaction. If an arrangement constitutes a financing transaction, Ihe financial asset or financial liability is Ineasured at the present value of the future payinents discounted at a market rale of inleresi for a siiiiilar debi instrunient. Financial asseis and liabilities