REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
for |
A GIFT TO LIFT |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
for |
A GIFT TO LIFT |
A GIFT TO LIFT |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 12 |
A GIFT TO LIFT (Registered number: 09398265) |
Report of the Trustees |
for the Year Ended 31 January 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The aims and objectives of the charity is to support those battling with blood cancer. |
Significant activities |
The significant activities carried out by the charity during the year included raising awareness of blood cancer through organising events. |
Public benefit |
The Trustees have considered the general guidance on public benefit issued by the Charity Commission and taken due regard of that guidance. The Trustees consider that they are satisfied that the charity's activities do provide a wide public social benefit |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The charity has been providing blood cancer patients with wishes in the midlands area. We have managed to build a good rapport with the Nottingham, Leicester hospitals, Birmingham Queen Elizabeth and Stoke Hospital leading them to recommend patients to us in need of a wish, allowing us to carry out a wish of their choice. This relationship helps us to meet our charity criteria regarding providing wishes to blood cancer patients within the Nottingham, Leicester, Birmingham area. This is what we are all about, being able to give someone in need of a lift during their harsh treatment and long periods of time spent in hospital. |
We are supportive of Blood Cancer UK, a Charity that researches into blood cancer. We support them by donating money to go to research and trials for blood cancer patients, for further advance treatments that will hopefully one day be able to beat blood cancer. |
During the last financial year, we successfully acquired a lovely holiday lodge. The lodge is in Burnham Market in Norfolk. It is set in a lovely development of luxury lodges all privately owned. The holiday lodge is perfect to offer has a wish or for a safe haven for blood cancer patients to have a holiday during their cancer treatment. |
It is a two bedroom, two bathroom, lounge kitchen dining area. It has a patio area at the front from the patio doors and a nice garden area at the back of the lodge with a bench to sit and reflect. |
The ground is leasehold. Our holiday lodge is for the purpose of patients, but with running costs and keeping it maintained we will rent out a few weeks if the year to help with the cost of maintaining the lodge when these weeks are free from patients. |
The continued help from our supporters will help sponsor a stay at the lodge for patients and keep it maintained as well. |
Fundraising activities |
Some of our fundraising events had been suppressed due to covid restrictions. We have however managed to do some sponsored events wolf runs, walks, runs, marathons. We held afternoon brunches and a charity ball . |
Supporting members of the public have also done various fundraising events to help raise money for the charity . |
FINANCIAL REVIEW |
Financial position |
The charity has maintained a good income stream from donations and and fund raising events. During the period, the charity made a good surplus of £32,362. This is tremendous as we would like to build the general reserves having acquired the lodge in 2022/23. |
A GIFT TO LIFT (Registered number: 09398265) |
Report of the Trustees |
for the Year Ended 31 January 2024 |
FINANCIAL REVIEW |
Principal funding sources |
The principal funding sources were derived from donations thanks to the general public. |
Reserves policy |
The Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. The Charity has sufficient reserves for it to continue for the foreseeable future. |
FUTURE PLANS |
The future plans of the charity is to grow the unrestricted general reserves so that it can maintain the existing dwelling for use by blood cancer sufferer's and their family. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Independent Examiner |
MR ANILKUMAR TAILOR F.C.C.A |
Celerica Ltd |
Accountants |
First Floor |
The Old Chapel |
9 Kempson Road |
Leicester |
LE2 8AN |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
A GIFT TO LIFT |
Independent examiner's report to the trustees of A GIFT TO LIFT ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
MR ANILKUMAR TAILOR F.C.C.A |
Celerica Ltd |
Accountants |
First Floor |
The Old Chapel |
9 Kempson Road |
Leicester |
LE2 8AN |
31 August 2024 |
A GIFT TO LIFT |
Statement of Financial Activities |
for the Year Ended 31 January 2024 |
31.1.24 | 31.1.23 |
Unrestricted | Total |
funds | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities | 2 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Raising funds | 4 |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 236,212 |
A GIFT TO LIFT (Registered number: 09398265) |
Balance Sheet |
31 January 2024 |
31.1.24 | 31.1.23 |
Unrestricted | Total |
funds | funds |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 11 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds | 236,212 |
TOTAL FUNDS | 236,212 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
A GIFT TO LIFT (Registered number: 09398265) |
Balance Sheet - continued |
31 January 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
A GIFT TO LIFT |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Financial reporting standard 102 - reduced disclosure exemptions |
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Long leasehold | - |
Fixtures & equipment | - |
Computer equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
A GIFT TO LIFT |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
2. | OTHER TRADING ACTIVITIES |
31.1.24 | 31.1.23 |
£ | £ |
Fundraising awareness events |
3. | INVESTMENT INCOME |
31.1.24 | 31.1.23 |
£ | £ |
Deposit account interest |
4. | RAISING FUNDS |
Raising donations and legacies |
31.1.24 | 31.1.23 |
£ | £ |
Support costs |
5. | SUPPORT COSTS |
Information |
Management | technology | Totals |
£ | £ | £ |
Raising donations and legacies | 10,624 | - | 10,624 |
Other resources expended | - | 171 | 171 |
Sundry expenses | 3,451 | - | 3,451 |
14,075 | 171 | 14,246 |
6. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.1.24 | 31.1.23 |
£ | £ |
Depreciation - owned assets |
7. | TRUSTEES' REMUNERATION AND BENEFITS |
The wages of £10,624 were paid to Mrs J Hopwood, a trustee of the charity for work undertaken during the year in respect of raising funds and awareness of the charity. This also included the general management of the charity. The salary was carefully reviewed and confirmed to be below market value in order to achieve the charity's primary aims and objectives. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023. |
A GIFT TO LIFT |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
8. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.1.24 | 31.1.23 |
Management and awareness |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
funds |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 236,212 |
A GIFT TO LIFT |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
10. | TANGIBLE FIXED ASSETS |
Long | Fixtures | Computer |
leasehold | & equipment | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2023 and 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Accrued expenses |
12. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.2.23 | in funds | 31.1.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 11,212 | 32,362 | 43,574 |
Designated fund - Holiday Home for blood cancer patients |
225,000 |
- |
225,000 |
32,362 |
TOTAL FUNDS | 32,362 | 268,574 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 61,638 | (29,276 | ) | 32,362 |
TOTAL FUNDS | ( |
) | 32,362 |
A GIFT TO LIFT |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
12. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.2.22 | in funds | funds | 31.1.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 48,711 | (2,499 | ) | (35,000 | ) | 11,212 |
Designated fund - Holiday Home for blood cancer patients |
190,000 |
- |
35,000 |
225,000 |
238,711 | (2,499 | ) | - | 236,212 |
TOTAL FUNDS | 238,711 | (2,499 | ) | - | 236,212 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 29,365 | (31,864 | ) | (2,499 | ) |
TOTAL FUNDS | 29,365 | (31,864 | ) | (2,499 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.2.22 | in funds | funds | 31.1.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 48,711 | 29,863 | (35,000 | ) | 43,574 |
Designated fund - Holiday Home for blood cancer patients |
190,000 |
- |
35,000 |
225,000 |
238,711 | 29,863 | - | 268,574 |
TOTAL FUNDS | 238,711 | 29,863 | - | 268,574 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 91,003 | (61,140 | ) | 29,863 |
TOTAL FUNDS | 91,003 | (61,140 | ) | 29,863 |
A GIFT TO LIFT |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
13. | RELATED PARTY DISCLOSURES |