2022-09-30-accounts - World Cancer Research Fund

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Contents
Reference and administrative	information	3
Report ofthe Trustees		4-22
Statement of Responsibilities	ofthe Trustees	23
Independent auditor's report	to the members ofWorld Cancer Research Fund	24-26
Statement offinancial activities		27
Balance sheet		28
Statement ofcash flows		29
Notes to the financial statements		30-43

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Open rate		38.4%
Click throughs'		2.6%
Clicks per unique open'		7.4%

					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
					2022	2022	2022	2021
					Total	Total	Total	Total
Income and endowments		from:
Donations, legacies,
grants and other income					10,614,545	185,072	10,799,617	10,811,446
Investment income					18,231		18,231	1,779
		Total income			10,632,776	185,072	10,817,848	10,813,225
Expenditure on:
Raising funds					2,522,442		2,522,442	2,480,044
Charitable activities					8,355,867	77,007	8,432,874	8,275,088
	Total expenditure				10,878,309	77,007	10,955,316	10,755,132
Net losses on investments
Currency gain/(loss)					9,850		9,850	(744),
(Expenditure)/income					(235,683)	108,065	(127,618)	57,349
Fund balances brought	forward		at		6,454,849	59,374	6,514,223	6,456,874
I October 2021
Fund balances carried forward at				21	6,219,166	167,439	6,386,605	6,514,223
30September 2022

Balance sheet	Balance sheet
at30September	ZOZZ
					2022	2021
Fixed assets:
Tangible assets				10	424,730	493,471
Investments				11
		Total fixed assets			424,730	493,471
Current assets:
Debtors				12	1,065,111	2,159,087
Cash at bank and	in	hand I			10,216,774	7,996,390
		Total current assets			11,28],885	10,155,477
Liabilities:
Creditors: amounts		falling due within one year		13	(2,591,244)	(1,760,494)
		Net current assets			8,690,641	8,394,983
		Total assets less current	liabilities		9,115,371	8,888,454
Creditors: amounts		falling due after one year		14	(2,728,766)	(2,374,231)
Total net assets	at	30September			6,386,605	6,514,223
The funds ofthe	charity:
Unrestricted funds					6,219,166	6,454,849
Restricted funds					167,439	59,374
Total funds					6,386,605	6,514,223

						2022	2021
Cash flows from operating activities:
Net cash provided by operating activities						2435,146	1,305,010
Cash flows from investing activities:
Dividends and interest from investments						18,231	1,779
Proceeds from sale ofequipment						400
Purchase ofequipment						(33,393)	(45,081)
Net cash provided by (used in) investing		activities				(14,762)	(43,302)
Change in cash and cash equivalents	in	the	reporting	period		2,220,384	1,261,708
Cash and cash equivalents at the beginning			ofthe reporting		period	7,996,390	6,734,682
Cash and cash equivalents at the end	of	the	reporting	period		10,216,774	7,996,390
Reconciliation ofnet expenditure to	net	cash flow
from operating activities
Net expenditure for the reporting period						(127,618)	57,349
Depreciation charges						101,509	92,360
Dividends and interest from investments						(18,231)	(1,779)
Loss on sale offimd assets						225
Decrease/(increase) in debtors						1,093,976	(250,396)
Increase in creditors						1,185,285	1,407,476
Net cash provided by operating activities						2,235,146	1,305,010

		Unrestricted	Restricted	2022	2021
		Funds	Funds	Total	Total
				f
Donations		5+61,257	185,072	5,446,329	5,983,490
Legacy income		2,312,783		2+12,783	1,995,406
Committed	giving	1,293,807		1493,807	1,265,208
Gift Aid		877,422		877,422	858,279
Grants from	affiliates	674,924		674,924	689,751
Grant revenue		182,577		1S2,577	18,563
Other income		11,775		11,775	749
		10,614,545	185,072	10,799,617	10,811,446

4	Expenditure	Expenditure
			Direct	Support	2022	2021
			costs	costs	Total	Total
Fundraising		actvit ies	162,738		162,738	179,476
Direct mail		fundraising	1,566,280		1,566,280	1,636,613
Human	resources			557,589	557,589	46,278
Premises				129,385	129,385	I II,0I8
Other				106,450	106,450	88,659
			1,729,018	793,424	2,522,442	2,062,044

Expenditure	Expenditure	on charitable	activities
			Direct	Support	2022	2021
			costs	costs	Total	Total
Research:
Research grants*			1,977,475		1,977,475	2,639,610
Other direct	costs		126,978		126,978	165,638
Human resources				859,616	859,616	867,997
Premises				199,469	199,469	207,555
Other				770,605	770,605	163,984
			2,104,453	1,829,690	3,934,143	4,044,784
Information	&education:
Programme	grants to affiliates		442,540		442,540	373,713
Publications			2,022,395		2,022,395	2,058,413
Consulting	fees		402,161		402,161	41],690
Other direct	costs		345,933		345,933	406,308
Human resources				911)463	911,463	723,265
Premises				210,251	210,251	164,113
Other				163,988	163,988	92,802
			3,213,029	1,285,702	4,498,731	4,230,304
Total costs	ofcharitable	activities	5,317,482	3,115,392	8,432,874	8,275,088
'includes grant refunds

Murdoch	Childrens	Childrens	Childrens	Research	Body mass index in childhood and risk of	pre-menopausal	pre-menopausal	pre-menopausal	349,800
Institute					breat cancer
Northumbria		University			The role ofmaternal folate in childhood leukemia			initiation;	346&625
					understanding the molecular mechanisms
Queens University				ofBelfast	Periprostatic adipose tissue and advanced	prostate cancer			346,394
					risk; aprospective study
Italian National			Council ofResearch		Integrating tissue, based spatial information	to elucidate how			340,000
					obesity-induced tumour metabolites dirve	prostate cancer
					progres sion
University		ofAberdeen			The feasbility and acceptability ofconducting		a randomised		59,994
					controller trial to improve body composition		of
					gastrointestional cancer survivors in India
IDISBA					Dietary and lifestyle patterns and the risk	ofbreast cancer			15,000
IDISBA					Updating systematic literature review on	diet	and	lifesty le	11,787
					patterns and breast cancer
IUNS					IUNS taskforce on nutrition and cancer				14,329
UICC					Partnership for Advocacy Support				37,278
IARC/WHO					Consortium Agreement for the Cancer Prevention			Europe	13,077
					Project
NHS NIHR					NIHR Cancer and Nutrition Collaboration				74,500
					Total research grants				1,608,784
Imp erial	College				Continuous review				372,880
					Grant Refunds				(4,189)
					Total grants				1,977,475

Notes	to the fin	ancial	statem	ents (confinued)
6	Grants and	grants	payable	(continued)
						2022	2021
Beginning grants pay		able				3,591,512	2,122,309
New	grant funding					1,442,813	2,312,485
Grant	adjustment					40,869	744
Grant	payments					(986,212)	(844,026)
Ending grants payable						4,088,982	3,591,512
Due within one year		(note 13)				1,360+16	1,217,281
Due after one year (note 14)						2,728,766	2,374,231
7	Supportcosts
						2022	2021
		Fundraising		Information	Research		f
				& education
Human	resources		557,589	911,463	859,616	2,328,668	2,055,540
Premises			129,385	210,251	199,469	539,105	482,686
Other			106,450	163,989	770,605	1,041,044	345,446
			793,424	1,285,703	1,829,690	3,908,817	2,883,672

Notes to the	Notes to the	financial	statements	statements
8	Operating costs
					2022	2021
						E
Net expenditure		is stated after charging:
Depreciation and		other amounts	written offtangible fixed assets:
Owned					101,509	92,360
Hire ofp	lant and	machinery			14,779	15,248
Hire ofother assets - operating			leases		313,000	313,000
					2022	2021
Auditor's	remuneration:
Audit of	these financial statements				27,500	25,000
Audit of	financial	statements ofsubsidiaries			3,000	2,000
					30,500	27,000
9	Human	resources
					2022	2021
Salaries					1,895,608	1,683,018
Social security costs					216,960	179,550
Pension	costs- defined contribution			scheme	86,860	74,844
Employee benefits					48,076	54,676
Recruitment					63,110	26,510
					2,310,614	2,018,598

The average number ofpersons employed during the y	ear, analysed by category, was as follows:
	2022	2021
	Number	Number
Fundraising	12	13
Research	13	10
Education	13	l2
Administration	10	10
	48	45

10 Tangible	fixed assets
		Leasehold	Fixtures	Machinery	Total
		improvements	and	and
			fittings f	equipment f
Cost
At I October 2021		482,449	64,676	167,060	714,185
Additions				33,393	33,393
Disposals				(1,249)	(1,249)
At 30 September 2022		482,449	64,676	199,204	746,329
Depreciation
At 1 October 2021		100,864	26,044	93,806	220,714
Charge for year		49,237	12,160	40,112	101,509
Disposals				(624)	(624)
At 30 September 2022		150,101	38,204	133,294	321,599
Net book value
At 30 September 2021		318,586	38,632	73,255	430,473
At 30September	2022	332,348	26,472	65,910	424,730

11 Investments	11 Investments
Investment	in subsididary
Movements	during the year
At I October
Additions
Disposals
Net losses	on investments

12	Debtors
			2022	2021
Accrued	legacies		107,035	767,558
Amounts	owed by affiliates		425,551	628,030
Prep ay ments			487,517	275,195
Amounts	owed by group undertakings		6,659	6,752
Trade debtors			38,349	481,552
			1,065,111	2,159,087
13	Creditors: amounts	falling due within one year
			2022	2021
Trade creditors			461,761	198,165
Grant payable			1,360,216	],217,281
Amounts	owed to affiliates»		532,887
Other creditors			236,380	345,048
			2,591,244	1,760,494

14 Creditors:	amounts	falling	due after one year
					2022	2021
Grant payable					2,728,766	2,374,231
15 Guarantees	and other financial commitments
Operating	lease commitments -land, building			and equipment
					2022	2021
Total future minimum	lease payments		under non-cancellable
opereating leases for	each ofthe	following periods:
-not later than one year					468,000	468,000
-later than one year and not later than			five years		2,113,800	2,067,000
-later than five years					386,100	900,900
Total					2,967,900	3,435,900

		2022	2021
Cash		6,659	6,752
Due to WCRF:
Begriinning	balance	(6,750)	(6,843)
Net value	oftransactions	93	93
Amounts	owed by subsidiary	(6,657)	(6,750)
Total net	assets

				2022
		WCRF		WCRF	WCRF
Description		International	AICR	NL	Hong Kong	Totals
Beginning	balance	212,399	192,036	180,653	42,942	628,030
Net value	oftransactions	170,210	(724,923)	(180,653)		(735,366)
Amounts	owed by affiliates	382,609	(532,887)		42,942	(107,336)

				2021
		WCRF		WCRF	WCRF
Description		International	AICR	NL	Hong Kong	Totals
Beginning	balance	143,290	627,503	157,212	42,942	970,947
Net value	oftransactions	69,109	(435,467)	23,441		(342,917)
Amounts	owed by affiliates	212,399	192,036	180,653	42,942	628,030

20 Anal	ysis ofNet	Assets be	tween Funds
					2022
			Tangible		Net
			fixed		current	Long term
			assets	Investments	assets	liabilities	Totals
Unrestricted	funds	f.	424,730		8,523,202	(2,728,766)	6,219,166
Restricted	funds				167,439		167,439
Total funds			424,730		8,690,641	(2,728,766)	6,386,605
					2021
			Tangible		Net
			fixed		current	Long term
			assets	Investments	assets	liabilities	Totals
Unrestricted	funds		493,471		8,335,609	(2,374,231)	6,454,849
Restricted	funds				59,374		59,374
Total funds			493,471		8,394,983	(2,374,231)	6,514,223

			Balance at			Balance at
			I Oct 2021	Income	Expenditure	30Sep 2021
Restricted	funds
EC Co-Create Grant		f	51,874	96,577	(69,507)	78,944
Trusts/Foundations			7,500	88,495	(7,500)	88,495
			59,374	185,072	(77,007)	167,439