REGISTERED COMPANY NUMBER: 02650841 {England and Wales) REGISTERED CHARITY NUMBER: 1006015 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BEECHWOOD CANCER CARE CENTRE Clarke Nicklin LLP Chart6rad Accountants and Slatulory Auditors Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD
BEECHWOOD CANCER CARE CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Chalrman's Report Report of the Trustees 2 to 12 Report of the Independent Auditors 13 to 16 Statement of Financial Activities 17 Balance Sheet 18 Cash Flow Statement 19 Notes to Ihe Cash Flow Statement 20 Notes to the Financial Statements 21 to 31 Delailed Statement of Financial Activities 32 to 33
BEECHWOOD CANCER CARE CENTRE CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 As Chairman of the trustees, l am delighted to report that during the period 2023124 Bee¢hwood Cancer Care Centr6 {Beechwood) has again delivered a robust set of financial accounts. This has led to an increase of total funds which not only provides a solid base for Beechwood to grow but protects the Charity in the long term againsl the uncertainty of vital NHS funding. Beechwood has continued to offer an invaluable seNice to deliver care to those affecied by cancer. We have delivered this care for over 34 years, and we continue to adapt by assessing current support requirements and developing new programmes,. likewise, we continue to innovate in terms of our approach and amidst Ihe changing *unding and fundraising landscape. The period benefited from some wonderful fundraising events such as the Ladies Lunch and Man@Manchester, which have bean key to the continued success and future of the Charity. Special thanks to the volunteers of Beechwood who not only helped resource such events but give their time and energy to the charity which again is vital. Also. thanks to all the guests at all our fundraising events and the continued and amazing generosity and support they give to Beechwood's cause. As Chairman of Trust&as, I would like to thank my fellow Trustees for their ongoing guidance and vision to support Beechwood's operational team. I'd also like lo str8ss our commitment to self-assessing and enhancing and the Board lo ensure it remains fit-for-purpose for maximum benefit of the Charity. Having worked with Beechwood in various Trust88 ro18s and as Chairman for the last 5 years, I continued lo be impressed by the committed and hard-working employees of the Charity, led by Beechwood's dedicated and focused CEO, Linda Steggles. Linda provides strong leadership and determination in not only growing the Charity, bLrt improving future processes and embracing Ghange lo deliver new ways lo support those impacted by cancer. During this period, the Truslees held a Strategy Day with Beechwood's Senior Management Team, where we agreed a plan to grow the Charity, and to support the existing executive team by way of strategic recruitment in kéy areas. This plan is currently being implemented and continues to b6 monitored by the Board, demonstrating the posilive input of the Trustee Board in collaboration with Beechwood's Senior Team. Finally, my sincere thanks to all those who give their support in other ways to Beechwood Cancer Care year-on-year. individuals, families, community groups and businesses. The services we provide to those who need our support wouldn't be possible without the donations and finances needed to run Beechwood. and we are indebted to all those who generously donate time, money, and expertise to tain the Charilrfs cause. On behalf of the Truslees, the Chief Executive. and entire Beechwood Team. a e Thank You.. n Stevenson, MBE airman of the Board of Trustees Page 1
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees {who are also directors of the Charity for the purposes of the Companies Act) present their annual report together with the audited financial stalements of Beechwood Cancer Care Centre Limited (the company and the group) for Ihe year ended 31 March 2024. The Trustees confirm that the Annual Report and Financial statements of the company and the group comply with the current statutory requirements and Ihe Companies Act 2006, the requirements of the company and the group's governing document and the provisions of the Statement of Recommended Practi ISORPI applicable lo charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK {FRS102) las amended for accounting periods commencing on or after 1 January 20161. Auditor A resolution proposing that Clarke Nicklin, be re-appointed as auditors of the Gompany will be put to the members. statement of disclosure to auditor Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which tha auditor is unaware. They hava further confirmed that they have laken appropriate steps lo identify such ralevant information and to eslablish thal the auditor is aware of such information. Structure, Governance and Management a) Constitution The company is registered as a charity (No. 1006015) and company (No. 02650841) limited by guarantee and was set up by a Memorandum and Articles of Association adopted on 2 October 1991 as amended 25 October 2016. Prior to this, it was an un-constiluted group of individuals. b) Method of Appointment or Electlon of Trustees The strategic management of the company and the group is the responsibility of the Trustees who are elecled and co-opted under the terms of the Memorandum and Artides of Association. Operational management is the responsibility of the appointed CEO. c) Policies Adopted for the Induction and Tralning of Trustees The Trustees are ultimately responsible for the appoinlment of new Trustees. New Trustees will only be appointed after due consideration is given to eligibility, personal competence, specialist skills and experience. New Trustees, when appointed. are inducted into the working of Ihe Charity by the existing Trustees and the CEO. d) Organisational Structure and Decision making The Board of Trustees is responsible for the overall governance of the Charity. The affairs of the Charity are administered by a council of management (Board of Trustees), the members of which OGGUPY Ihe positions of directors for the purposes of the Companies Act. The following are the directorsltrustees who, except where otherwise indicated, held office throughout the year.. Mr J Stevenson MBE chairman, Trustee Mr I Cook Trustee Mr P B6van Trustee Mr C Eagle Trustee Page 2
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Ms P Harrison Trustee a) Patrons Palrons are appointed by Beechwood Trustees to add gravilas and increase markeling and profile-raising opportunities. They are neither Trustees nor directors of the organisation and thus have no voting rights. They may be ex-board members, high profile individualsl'celebrities, or local dignitaries and are required to sign up to a Code of Conduct to protecl and enhance the repLrtation of Beechwood. Patrons as of 31 March 2024: Mr Paul Brearley Mr Shay Given Ms Gaynor Morgan Mr Mike Toolan HM Deputy Lieulenant, Greater Manchester Retired Foolballer Author, eventslcharity fundraiser and radio presenter Radio Presenter and speaker fj Risk management Internal controls over all forms of commilmenl and expenditure continue to be refined to improve efficiency, and to reflect activily and considerations at any given time. Processes are in place to ensure Ihat performance is monitored, and raviews are in place to ensure that appropriate managemant information is prepared ragularly, by both the execLrtive managemenl and the Board of Trustees. The systems of internal conlrol are designed to provide reasonable, blrt nol absolute, assurance againsl material misstatemenl or loss and include: Annual budget and cash flow approval by the Trustees Regular consideration by the Trustees of financial results, variances from budgets, non-financial performance indicators and benchmarking revièws Delegation of day-towday management authority and segregation of duties The Trustees are satisfied that adequate systems are in place to manage exposure to any major risk. The Charity reviews and measures the risks it faS on an ongoing basis as ext6rnal and internal environments change The Chief Executive and Trustees have assessed Ihe major risks to which the Charity is exposed, in particular Ihose relating to the operations and finances of the Charity. Finally, it is recognised that fierce compelition for funds from a wide range of other sources is a major factor in the risk management of Beechwood and increasing efforts are being made to explore additional and diverse funding opportunities to reduce vulnerability in the future. particularly relevant post pandemic and subsequent cost of living increases. OBJECTIVES AND ACTIVITIES a) Purpose of the Charity The principal objective of the Charily is to provide psychological support and setvices to patients, carers, and family members {'¢lients') who are affected by cancer or other life-limiting illnesses. Pagè 3
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Charity offers a range of psychological and therapeutic interventions to those with a cancer diagnosis and those affected by that diagnosis. for example, carers and family members. With growing requirements for cancer-related psychological supporl. demand for the Charity's services grow year on year and as such, the service delivery team are Irained and continualw supervised to a high staTFdard to deliver safe and effective services. b) Public Benefit The name of Beechwood Cancer Care centre broadly explains the worf( undertaken by the Charity., however. this cannot convey the extent or contexl of the support provided by the Charity- Our Mission Statemenl is= 'Providing psychological and holistic wellbeing support lo those affected by cancer,. There is no charge for Beechwood's core services. however, a donation is appreciated for some of our supplementary 'wrap-around' services. Our main service users {'clients'} are those affected by cancer. and a small number of clients who do not have cancer but have been diagnosed with another life-limiting illness. for exampla. Motor Neurone Disease, Parkinson's Disease, Multiple Sclerosis, Chronic Obslructive Pulmonary Disease. To date, our support is predominantly for thosa affected by cancer and there are no restrictions in terms of 'type' or stage of cancer, nor are there any restrictions in accessing Beechwood's services in relation to religion. ethnicity. or political allegiance. The Charity's Trustees are not remunerated and give their time voluntarily- they ensure the Charity's activitiès are to the benefit of the general public and that every effort is made to reflecl the divèrsity of the geographical area of Grealer ManGhester/Northwest England. being aware of the guidance supplied by the Charily Commission in this regard. ACHIEVEMENTS AND PERFORMANCES a) Review of Actlvlties Beechwood has three main income streams. as follows- Greater Manchester Integrated Care System (ICS) The current contract has been extended by one year, until March 2025 whilst the ICS and ICB review community provider seNices. We perform in accordance with the Key Performance Indicators set, which will be reviewed as part of the overall service review. Contract review meetings ensure qualty and consistency of service provision, performan and stewardship of the funds allocated (which are to support those registered with a Stockport GP) ' Those clients from outside Stockport or who are not registered with a Stockport GP still receive support from the Charity. bul this is via the Charity's own funds. Charity Shop Income In the year under review. the income from the charity shops is derived from the sale of donated goods and used items. A small range of new goods are sold through the shops in addition lo those sold from within the reception area of the Beechwood Centre. Collectively. in the financial year to March 2024, the shops produced an income of £176,240, down 30 on the prior year {2023-. £182.221). Charitable Income Page 4
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 This comprises all monies received from events, donations, legacies, and such kind. Beechwood dalivèred main fundraising events during the year, namely a Golf Day and the 'Man@Manchester' event. Income from fundraising events totalled £371,046 in the year to March 2024, up 100/0 on the prior years, total of £342,597. Donations and legacies decr8ased year on year by 190/0, from £216,767 in 2023 to £175,704 in 2024.This was due to a sizeable legacy of £74,000 having been received in the prior year. BEECHWOOD'S SERVICES Clients Supported During the period 2023-24 we have supported over 650 clients and delivered 4,000 support sessions lo those affected by cancer, including childran and young people. Patlent Support Packages Beechwood provid8s psychological support and one-to-one COLtns811ing to service users with a cancer diagnosis. In addition, we offer access to our wrap around services providing a full holistic and therapeutic approach. There are a range of alternative treatments available, which our clients can chose to improve their overall emotional wellbeing. Beochwood provides a welcoming, calm and compassionate environment and a safe space for clients to relax and be supported through their cancer experience. Carer Support The Charity provides a package of support to Carers (of those with a cancer diagnosis) which begins with one-lo-one counselling sessions, followed by access to our wraparound holistic services. This helps support Carers through what is often a physically. mentally and emotionally demanding responsibility. Beechwood allows Carers lime and space to rejuvenate and receive the support to manage themselves and attend to their own needs, whilst continuing to carry out caring duties. Bereavement Support Programme Beechwood's revised Bereavement Support Model has proven to be very successful, with clients reporiing that Ihey fegl empowered and equipped. One-toryone bereavement support and counselling is offered and again, followed by access to the wrap-around holistic service offer, should clients wish to take advantage of this. Tho Bereavement Group and Bereavement Café are proving to be an important part of the recovery process after bereavement, with clients gaining support and comfort from others in similar situations. These clients often leave Beechwood having formed their own peer support and friendship groups, going on to meet as an independent group of friends once thelve been discharged from Beechwood's services. Tailoring of Wrap-Around Services Beechwood's holistic, wrap-around services are continually reviewed and revised to ensure the best trealmenls for the Charity's client groups. We continue to use cancer-friendly products for all complementary therapy treatments and offor specific oncology treatments as part of the holistic off8r. All treatments are Garried out by fully qualified and trained therapists, who each have their own specialisms in addition to a generic skill set. Feedback from clients conlinues to be extremely positive, maintalning the benofits of the power of touch, particularly during and after cancer treatments and when bereaved. Page 5
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The two Therapy Tea Rooms, are fully utilised by clients after their complementary therapy treatment. The provide a restful spac8 for clients to quietly 'come round. after a relaxing (and sometimes emotion- provoking) treatment. The teas we offer to clients are designed using the latest scientific evidence and formulated by experts to aid chronic disease and medicinal side effects. The teas are designed by a company who apply homeopathic and herbal medicine principles, incorporating only the highest quality ingredients from around the world. Many clients go on to purchase their own teas as a result of enjoying them at their visits to Beechwood. Support Groups & Workshops In this period, we have delivered the following support groups= Proslate Cancer Support Group Bereavement Support Group Bereavement Café Guided Relaxation Arts & Crafts Group Carers Support Group Nature Connection Guided relaxation sessions have been delivered throughout the year, with only positive feedback received from these sessions. with clients finding them to provide "a calming environment, peaceful and relaxing. Mindfulness for health courses were also delivered, wilh clients reporting benefits such as, improved breathing, sleep, clarity of mind and thinking. Living Positively with Confidence Living Positively with Good Nutrition Living Positivaly and Returning lo Work Exercise After Illness Children. Young People & Family Support Beechwood's Family Support Team takes a flexible approach to supporting families where children are affected by cancer, life-limiting illness, and bereavement. Families wth a diagnosis Can self-refer into the Charity to gain support for children and for the family as a unit. The Charily's family support is bespoke, young person and family centred., there are a range of services available, which families can access al any poinl during their suppor( including preparing for the loss of a parenusignificant carer and support following death. During this period, Beechwood has continued lo support families, and continued to deliver 'Woodland Adventures'_ a therapeulic afternoon where children and their parentslcarers enjoy facilitated time in the outdoors. and whilst there is mosl definitely a therapeutic aspect lo the day, il is a time to relax and have fun, with qualified staff on hand throughout the day to help through any emotional difficulties that may arise. 'Introduction to Beechwood. Sessions These sessions continue to help prepare new clients for their support joumey through Beechwood. Not only do new clients get sight of Beechwood's Centre, but they also receive information to aid peace of mind before embarking on their package of support. The first step to accessing support can be very daunling and clients find the introductory sessions very reassuring. Student Counsellor Placements Page 6
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Beechwood continues to provide training placements to students in their final months of training once they have passed their fitness to practice module. All sludents are supported by the counselling team, using a 'buddy system,. They receive one-to-one bi-monthly support meeting and group supetvision. External Partnerships and Clinics Beechwood works in collaboration with local hospitals, including Stepping Hill Hospital. Wythenshawe Hospital and The Christie, together with Cancer Nurse Specialists and Community Teams. Additionally, we are commissioned to undertake bereavement-follow up calls on behalf of the NHSlStepping Hill Hospital. Overall, we have continued to enhance collaborative relalionships during this financial perii)d. Team Training Wa have carried out team training both in house and using an external Consultanl to provide lea_niing and peer support. Volunteer Support We have continued to be supportad by a group of dedicaled volunteers, who give their time in a range of roles. During this period. we have achieved the following.. Total number of volunteers Number of regular, active volunteers" Total number of volunleer hoLsrs given to the Charity: 11,257 Financial value of volunteer support £101,565 Regular or active volunteers are defined (in this inslance) as those who give time to Beechwood once a fortnight or more. 85 70 The value, both economic and social, of volunteers within a charity cannot be underestimated. Not only do volunteers bring skills, experience and èxpertise to the organisation, they also create their own unique teams and build lasting friendships; essentially, volunteering cr8ates a gèneral sense of w8llb8ing which, can help improve physical and menlal health, in addition to helping the Charity. Beechwood thanks and recognises its volunteer support in a variety of ways, notwithstanding dedicated thank you events each June and December. We have continued to see a slight downturn in volunteer recruitment {since the pandemic in 2020), which can be attributed to several factors, for example, later retirement age, cost of living pressures force potential or existing volunteers back into paid work. family caring sponSibl11t1eS etc. Safeguarding The Charity's Safeguarding Adults and Children Policy has been reviewed and approved by an extemal safeguarding expert during this f5nancial year. Any new starters in this period also undertook the local Greater Manchester safeguarding Iraining, with longer-term staff undertaking refreshers, where relevant. Bespoke in-person refresher training will be provided in line with the training guidelines, likely to be 2024-25. Upgrade of Equipment IT and other equipment are reviewed on an ongoing basis to ensure they meet the needs of the Charity and are fit-for-purpose. Page 7
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW A summary of the yeavs financial results can be found on page 15 of the attached accounts. During the year, the total incoming resources of the Charity were £1,017,309 compared to £1.126,993 the previous year, representing a year on year decrease of 100/0. This included restricted income of £5,200 whilst all other income was unrestricted. Overall expenditure has increased year on year from £796,815 in the year to March 2023 to £917,893 in the y8ar to March 2024, demonstrating an increase of 15 /0. Reserves policy The Trustees have examined the Charitvs requirements for reserves considering the main risks and financial commitments for the organisation. They have established a policy whereby the unrestricted funds (not committed nor invested in tangible fixed assets held by the Charity) should equate to 12 months of regular expenditure, estimated at £840k. The reseNes are needed to meet the working capital requirements of the Charity, and the Trustees are confident that at this level they should be able to continue the current activities of the Charity in the event of a significant decline in funding. At Ihe balance sheet date, the fr8& reserves of the Charity weré £1.49m (2023.. £1.38m). The levels of free reserves held by tha Charity offar resilience and the ability to provide ongoing service delivery through challenging times, tested in recent years by the Covid-19 pandemic. Investment policy Under the Memorandum and ArtIGles, th8 Charity has the power to make any investments which the Trustees sae fit. All risk factors are examined and discussed, and professional advi taken when required. The Charity had a policy of keeping the majority of surplus funds in short term deposit accounts but is looking to move to using some medium to long term investment accounts in order to rnaximise on interest rale income. This will be fully explored and assessed during the following financial year. In the current year, 260/0 of the Charity's income is from Greater Manchester ICC and is fundamental to the continuation of the existing service provision at Beechwood. To avoid over-reliance on specific funding streams, the Charity is actively exploring alternative funding opportunities via grants and trusts, including corporate sponsorship. During the period in question, the Charity has been successful in securing small granls for specific projects, namely a new Outreach & Engagement Counsellor, whose focus will be on children, young people, families and local partners, e.g.. schools. The new postholder will begin in the next financial year. The Charity is keen to continue to build on corporate, community and individual support, whilst recognising the considerations many are now facing as the economy begins lo influenG6 charitable giving and donations. As such. having undertaken a fundraising scoping exercise during a Strategy Day with Trustees, the Charity will embark on a recruitment campaign to attracl a fundraising and marketing role in the next financial year to secure the skills needed in the Charity. We said, and wo did... During 2023-24 we commltted to the followlng: Reassessing recruitment rnethods to attract candidates suitable and experienced in the charity sector Page 8
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Undertake a fijndraising scoping exercise, potentially with independent support to fine tune, the CharItS fundraising focus Introduce additional support to men affected by prostate cancer Expand the range of complementary therapy treatmenls and increased flexibility in the way they are offered Altract another Beechwood Ambassador Find new ways to 'do more wilh the same, in light of the economic climate and increasing demands on the service Increase collaborative projects with other partners, including the NHS Introduce an outreach position specifically to engage in outreach with schools, GPS and to offer some counselling to children and young people in the school environment Iwhen getting to the Centre would prevenl them from accessing support] Introduce 'sessional counsellors. lo support at peak referral times and to help alleviate the waiting times for clients Recruit a new senior retsil manager position to give robust support and to develop the Charity's retail function Establish an events committee to oversee and enhance the Charivs portfolio of fundraising events and to feed into the Board any recommendations and approval for actions and expenditure Up-skilling and tapping into Counsellors, skills to provide additional thgrapeutiG support outside of the counselling rooms e.g., groups and workshops Introduce young people's bereavement support groups Engage with more community groups to attract new volunteers Engagè with colleges to attract young people into volunteèring Establish a team of event volunteers specifically trained lo support Beechwood's main events and to support local events as representatives of Beechwood What we didn't achieve in this financial period, but which are in progress and will run into the next financial year: Introduce additional support to women affected by breast cancer Monitor and assess available local commercial units with a view to increasing the number of Beechwood retail premis&s Introduce young people's bereavement support groups During 2024-25 we commit to the followlng: Introduce a fortnightly café for clients with a canr diagnosis Introduce a focused half day programme of support for Glients with a diagnosis Introduce a focused half day holistic support programme Train counsellors in additional therapeutic modalilies andlor specific trainings Increase the number of new support groups and workshops Increase collaboration with external healthcare providers Recruit to a Snr Fundraising & Marketing position Diversify fundraising income streams. e.g.. increase Payroll Giving Increase community engagement Increase communityfundraising events Review banking and inveslment arrangements and take appropriate action Our Business and Community Supporters We are indebted to our supporters, large and small. The following is a snapshot of some of the organisations we are so fortunate to receive support from; these are supplemented by the many individual donations that we receive to ensure the work of Beechwood is free of charge to anyone affected by cancer. Page 9
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Adana Construction Asda Foundation Barbara Lewis Bramhall Methodist Church Thrift Shop Bredbury Library Bridge Hall Primary School Caddick Construction C&C Insurance Disley Golf Club Drive Further DSG Finance Edgeley Railway Club Eleanor Hamilton Education Trust Enigma Bar Eric Wright Charitable Trust Essential Insurance Fabelou Fashion & Francesca Moody Hall Brown Family Law Hazel Grove Thai Chi for Haallh High Lane Village Hall Inner Wheel Club of Hazel Grove Marple Cancer Charities Committeè Ladybridge Park Residenfs Club Luna Investment Management Limited Marple Golf Club MF Logistics Offerton Scout & Guide Group (1st & 4th} Our Lady & St Christopher's Church, Romiley Pareto Financial Planning Pure Leisure Group RF Fielding Hay & Straw Scissorhands steadfast Lodge St MaS Parish Church, Reddish Stockport County Football Club Stockport Electrical Services Stockport High School Old Girls Association Stockport Rock and Roll Society Suburban Muse Terry Wellard Memorial Golf Day The Buckland Charitable Trust Wynsors Shoes Yeshurun Hebrew Congregation The above list is not exhaustive, and our gratitude goes out to each and every one of our supporters - Thank You. Many thanks also to the many individuals, clubs, churches, groups and associations of Greater Manchester and Stockport for their continued support. The support of the community is at the heart of the Charily and is greatly appreciated. STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its govarning document. a deed of trust, and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2008. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02650841 (England and Walès) Registered Charlty number 1006015 Page 10
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Registered office Chelford Grove stockport Cheshire SK3 8LS Trustees J Stevenson MBE C Eagla P Bevan IKCook P Harrison Auditors Clarke Nicklin LLP Chartered Accountants and Statutory Auditors Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD STATEMENT QF TRUSTEES. RESPONSIBILITIES The trustees {who are also the direclors of Beechwood Canr Care Centre for the purposes of company law} are responsible for preparing the Annual Report and the financial statements in a¢¢ordance wilh applicable law and Uniled Kingdom Accounting Standards {United Kingdom Generally Acceptéd Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitsble company and of the incoming resources and application of resources, including the income and èxpenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required lo selecl suitable accounting policies and then apply them consistently- obseNe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitabl8 company will continue in business. The trustees are responsible for keeping proper accounting records which dlsclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial ststemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trLtstees are aware.. there is no relevant audit information of which the charitable companys auditors are unaware. and the trusle6s have taken all steps that they oughl to have taken to make themselves aware of any r818vant audil information and to establish that the auditors are aware of that information. Page11
BEECHWOOD CANCER CARE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 AUDITORS The auditors, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, incorpo atin a strategic report, approved by order of Ihe board of trustees, as Ihe company directors, on . .ie.. ..kn•..y.Y...... and signed on the board's behalf by: evenson MBE - Trustee Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BEECHWOOD CANCER CARE CENTRE Oplnlon We have audited the financial statements of Bèechwood Cancer Care Centre (the 'charitable companl) for th& year ended 31 March 2024 which comprise the Statement of Financial Activilies, Ihe Balance Sheet, the Cash Flow Slatement and notes to the financial statements, including a summary of significant accounting policies. The financial ieporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charitable CoMpanS affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordancg with Inlernational Standards on Auditing (UK} {ISAs (UK)) and applicable law. Our responsibilities under those standards are furiher described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We b81ievo that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relallng to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of aGGounting in the preparation of the finanGial statements is appropriate. Based on the work w6 have performed, we have not identifiéd any material uncertainties relating lo 8v6nts or conditions that, individually or collectively, may cast significant doubt on the charitable companls abilily to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibllitles of th& trustees with respect to going concern are described in the relevant sections of this report. Other infomiation The trustees are responsible for the other infom)ation. The other information comprises the information included in the Annual Report, other than the financial siatemenls and our Report of the Independent Auditors thereon. Our opinion on the financial slatements does nol cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether Ihe other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othenmse appears to be materially misstated. If we identify such material inconsistencies or apparenl material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that facl. We have nothing to report in this regard. Page 13
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BEECHWOOD CANCER CARE CENTRE Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consislent with the financial statements,. and the Report of the Trustees has been prepaied in accordance with applicable legal requirements. Matters on which we are required to report by exception In Ihe light of the knowledge and understanding of the charitable company and its environment obtained in the cours9 of the audit, we hav9 not idenlified material misstalements in the Report of the Trusteas. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report lo you if, in our opinion= adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visÈted by us; or the financial statements are not in agreement wilh the accounting records and returns., or certain disclosures of trustees. remuneration specified by law are not made; or we have not received all the infomiation and èxplanations we require for our audil. Responsibilities of trustees As explained more fully in the Statemerit of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied Ihat they give a true and fair view, and for such intemal control as the trustees determine is necessary lo enable the preparalion of financial statements Ihal are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the truste8s are responsible for assessing the charitable companls ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Irustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Page 14
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BEECHWOOD CANCER CARE CENTRE Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether th8 financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUK} will always detect a material misslatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in th6 aggregate. they could reasonably be expected to influence the economic decisions of users taken on Ihe basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Procedures to identify risks= enquiring of management concerning the entills procedures relating to.. identifwng, evaluating and complying wilh laws and regulations and whether they were aware of any instanGes of noncompliance,. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud. discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas-. timing of recognition of income, and posting of unusual journals- and obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations thal had a direct 6ffecl on the financial statements or thal had a fundamental effect on the operations of the entity. The kèy laws and regulations we considered in thi5 conlexl included UK Companies Act, Charities Act. employment law, health and safety. pensions legislation and tax legislation. The procedures lo respond to risks identifled included- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above- enquiring of managem6nt, concerning actual and potential litigation and claims., performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud: testing the timing and matching of income and expense transactions either side of Ihe year end; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal enlries and other adjustments- assessing whether the judgements made in making a¢¢ounting estimates are indicative of a potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulation thal are not dosely related to events and transactions reflected in the financial statements. The risk of not detecting a material mlsstatement due to fraud is higher than the risk of not detection one resulting from an error, as fraud may involve deliberate concealment, by for example, forgery or intentional misrepresentation, or through collusion. A further description of our responsibilities for Iha audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 15
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BEECHWOOD CANCER CARE CENTRE Use of our report This report is made solely to the charitable CoMpanS tnembers, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so thal we might state lo the charitable companls members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accepl or assume responsibility to anyone other than the charitable company and the charitable companys members as a body, for our audit work, for this report, or for the opinions we havè formed. Graham Travis {Senior Statutory Auditor) for and on behalf of Clarke Nicklin LLP Chartered Accountants and Statutory Auditors Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD 20 cE/aen 2&2é Page 16
BEECHWOOD CANCER CARE CENTRE STATEMENT OF FINANCIAL ACTIVITIES (INCQRPQRATING AN INCQME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations, legacies and grants 433,168 5,200 438.368 481,381 Charitable activities Fundraising 371,046 371,046. 342,597 Other trading activities Investment income other income 176,240 22,139 9,516 176,240 22,139 9,516 182,221 6,521 114,273 Total 1,012,109 5,200 1,017,309 1,126,993 EXPENDITURE ON Charitable actlvltles Fundraising Charitable shops Patient care Govemance costs 274,891 130,276 500.344 8,000 274,891 130,276 504,726 8,000 213,345 101,759 475,211 6,500 4.382 Total 913.511 4,382 917,893 796,815 NET INCOME 98,598 818 99,416 330,178 RECONCILIATION OF FUNDS Total funds brought forward 1,858,650 41,869 1,900,519 1.570,341 TOTAL FUNDS CARRIED FORWARD 1.957.248 42,687 1.999,935 1,900,519 The notes form part of these financial statements Page 17
BEECHWOOD CANCER CARE CENTRE BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Tolal funds Unrestricted funds Restricted fund Notes FIXED ASSETS Intangible assets Tangible assets Investments 13 14 15 10.612 460,982 10.612 460,982 14,104 465,984 471,595 471,595 480.089 CURRENT ASSETS Debtors Cash at bank 16 45,025 1.517.104 45,025 1.559,791 77.741 1,393.233 42,687 1,562,129 42.687 1,604,816 1,470,974 CREDITORS Amounts falling due within one year 17 (76,476) {76,476) {50,544) NET CURRENT ASSETS 1,485,653 42,687 1,528,340 1,420,430 TOTAL ASSETS LESS CURRENT LIABILITIES 1.957.248 42,687 1,999.935 1,900,519 NET ASSETS 1.957.248 42.687 1.999,935 1,900.519 FUNDS Unrestricted funds Reslricled funds 19 1,957,248 42,687 1,858,650 41,869 TOTAL FUNDS 1.999,935 1,900,519 The financial iataments were approved by the Board of Trustees and authorised for issue on and werè signed on ils behalf by.. Jst venson MBE- Trustee The notes form part of these financial statements Page 18
BEECHWOOD CANCER CARE CENTRE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash genérated from operations 156,204 301,533 Net cash provided by operating activities 156,204 301,533 Cash flows from investing activities Purchase of intangible fixed assets Purchase of tangible fixed assets Sale of tangible fixed assets 13,611) (768) 186,000 (16,265) Net cash (used in)Iprovided by investing activities 116,2651 181,621 Cash flows from financing actlvities Repayment of bank loans Repayment of amount owad by group (56,468) 26,619 Net cash provided byl{usad in) financing activities 26,619 {56,468) Change in cash and cash equlvalents in th8 reporting period Cash and cash equivalents at the beglnnlng of the r8POrtlng period 166,558 426,686 1,393,233 966,547 Cash and cash equivalents at the end of the reporting period 1,559,791 1,393,233 The notes form part of these financial statements Page 19
BEECHWOOD CANCER CARE CENTRE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income forthe reporting period (as per the Statement of Financial Actlvltles) Adjustments for: Depreciation charges Profit on disposal of fixed assets Decreasel{increase) in debtors Increase in creditors 99,416 330,178 24.759 24,149 1108,398) {83,487) 139,091 6,097 25,932 Net cash provided by operations 156,204 301,533 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 1.393.233 166,558 1,559,791 1.393,233 166,558 1,559,791 Total 1,393,233 166,558 1,559,791 The notes form part of these financial slatements Page 20
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARGH 2024 ACCOUNTING POLICIES Basis of preparing the financial slatements The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charilies SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practioe 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 RepLAblic of Ireland, and the Companies Act 2006. The financial stalements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The charitable company has taken the option under Section 405 of the Companies Act 2008 not to prepare consolidated financial ststements as its subsidiary undertaking has not traded and is not material for the purposes of qivinq a true and fair view. Income All income is recognised in the Statemenl of Financial Activities once the charity has entitlement to the funds, it is probabl8 that Ihè income will be received and the amount can be measured reliably. Expenditure Liabilities are rgcognisèd as expenditure as soon as there is a legal or constructive obligation Gommilting 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 bé 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 atlribuled to particular headings they have been allocated to activities on a basis consistent with the use of resources. Intangible fixed assets Intangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis= Website & patient care system 15% on cost The gain or loss arising on the disposal of an assel is determined as the dtfference between the sale proceeds and the carying value of the asset, and is recognised in net incomel{expendilure) for Ihe year. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated use1 life. Freehold propety Improvements to properly Fixtur@s and fittings 2% oncost 150/0 on cost Taxation The Charity is exempt from corporation tsx on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Page 21 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Fund accountlng Reslricied funds can only be used for particular restricted purposes within the objects of Ihe charity. Restridions ariso when specified by Iha donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpos6 of each fund is included in th& notes to the financial statements. DONATIONS, LEGACIES AND GRANTS 2024 2023 Donations NHS contracts Legacies Lottery GrantSrUstS 155,537 262.102 20,167 562 133,173 262,102 83,594 1,512 1,000 438,368 481,381 OTHER TRADING ACTIVITIES 2024 2023 Charitable shops income 176,240 182,221 INVESTMENT INCOME 2024 2023 Interest receivable 22,139 6,521 Page 22 continued.
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Fundraising Fundraising events 371,046 342,597 OTHER INCOME 2024 2023 Gain on sale of tangible fixed assets Other income Rental income Electricity income Training and room hirè 108,398 4,632 2,258 3,167 450 4,884 9,516 114,273 Page 23 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS . Gontinued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES COSTS Charitable shops Patient Governance care costs Total 2024 Totsl 2023 Fundraising Staff costs Depreciation and impainnent Siaff training staff volunteer expenses Property costs - Centre Fundraising expenses Patient aclivites Property costs - Shop Food provisions IrreGoverable VAT IT costs and website Postage, printing and stationery Advertising and marketing Accountancy and professional fe8S Project expenditure Bad debts 56,201 64,032 358,270 478,503 372,818 16,650 160 8,110 4,434 24,760 4,900 24,125 3,878 306 {100) 230 3,780 3,910 2,898 62,071 62,071 41,493 139,347 139,347 17,771 145.898 12,859 17,771 48,909 48,909 2,875 35,804 45.876 668 32.700 2,875 35,804 882 21,124 22,006 20,060 4.252 4,252 3.745 2,841 2,841 9,560 1,610 295 9,743 11,648 16,502 12,296 12.296 38,000 19,435 37,800 38,000 274,891 130,276 504,726 909,893 790,315 Share of govemance costs {see note 8) 8,000 8,000 6,500 274,891 130,276 504,726 8,000 917,893 796,815 Analysis by Fund Unrestricted fund Restricted fund 274,891 130,276 486,191 18,535 8,000 899,358 18,535 274,891 130,276 504.726 8,000 917,893 For the year ended 31 March 2023 Unrestricted funds 213,347 Restricted funds 101.760 456,673 18,535 6,500 778,280 18,535 213,347 101,760 475,208 6,500 798,815 Page 24 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Governance Costs Governance costs 8,000 Support Costs. included in the above, are as follows.. Governance costs 2024 Governan costs 2023 Total activities Auditors, remuneration 8,000 6,500 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingllcrediting)- 2024 2023 Audit fae DepreGialion - owned assets Surplus on disposal offixèd assets Computer software amortisation 8,000 21,267 6,500 20,873 {108,398) 3,276 3,492 10. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no truslees. expenses paid for Ihe year ended 31 March 2024 nor for the year ended 31 March 2023. Page 25 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. STAFF COSTS The average monthly number of employees during the year was as follows: 2024 2023 Managemenvadminislration Fundraising Clinical Shops Housekeeping 22 19 The number of employees whose employae benefits (excluding employer pension costs) exceeded £60,000 was: 2024 2023 £70,001- £80,000 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations, legacies and grants 458,531 22,850 481,381 Charitable activltles Fundraising 342,597 342,597 Olher trading activities Investment income Other income 182,221 6,521 114,273 182,221 6,521 114,273 Totsl 1,104,143 22,850 1.126,993 EXPENDITURE ON Charitable a¢tivitles Fundraising Charitable shops Patient care Governance costs 213,345 101.759 456,676 6,500 213,345 101,759 475,211 6.500 18,535 Total 778,280 18,535 796,815 NET INCOME 325,863 4,315 330.178 RECONCILIATION OF FUNDS Total funds brought forward 1,532.787 37,554 1,570,341 Page 26 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted Restricted funds fund Total funds TOTAL FUNDS CARRIED FORWARD 1,858,650 41,869 1,900,519 13. INTANGIBLE FIXED ASSETS Computer software COST Al 1 April 2023 and 31 March 2024 23,281 AMORTISATION Al 1 April 2023 Charge for year 9,177 3,492 Al 31 March 2024 12,669 NET BOOK VALUE At 31 March 2024 10,612 At 31 March 2023 14,104 14. TANGIBLE FIXED ASSETS Improvements Fixtures and fittings Freehold proparty property Totals COST At 1 April 2023 Additions Disposals 615,030 30,925 3,491 83,150 12,774 (62,6411 729,105 16,265 (62,641) At 31 March 2024 615,030 34,416 33,283 682,729 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 161,345 12,035 26,457 4,614 75,319 4,618 (62,641) 263,121 21.267 (62,641) At 31 March 2024 173,380 31,071 17,296 221.747 NET BOOK VALUE At 31 March 2024 441,650 3,345 15,987 460,982 At 31 March 2023 453,685 4,468 7,831 465.984 Page 27 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. FIXED ASSET INVESTMENTS Shares in group undartaking MARKET VALUE At 1 April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 There were no investment assets outside tha UK. The companls investments at the balance sheet dale in the share capital of companies include the following- Livlng Positively Limlted Registered office.. CIO Beechwood Cancer Care Centre, Chelford Grove, Stockport, Cheshire, SK3 8LS Nature of business: Non-trading Class of share: Ordinary holding 100 31.3.24 31.3.23 Aggrègate capital and resarves 4.984 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Amounts owed by group undertakings Other debtors Prepayments 9,917 15,605 26,619 14.146 21,371 274 34,834 45,025 77,741 Page 28 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other taxation and social security VAT Other creditors Accrued expenses 7,510 9,642 1,052 30.320 27,952 2,309 6,333 6,692 2,301 32,909 76,476 50,544 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2024 2023 Within one year Beeen one and five year5 1,927 1,639 1,927 3,566 3,566 5,493 19. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unreslrlcted funds General fund 1,858,650 98,598 1,957,248 Restricted funds Restricted fund 41,869 818 42,687 TOTAL FUNDS 1,900,519 99.416 1,999.935 Nel movÈment in funds, included in the above are as follows.. Incoming resources Resources expended Movemenl in ndS Unrestricted funds General fund 1,012,109 (913,511) 98,598 Rostricled funds Restrictèd fund 5,200 (4.3821 818 TOTAL FUNDS 1,017,309 1917,893) 99,416 Page 29 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 1.532,787 325,863 1,858,650 Restricted funds Restricted fund 37.554 4,315 41,869 TOTAL FUNDS 1,570,341 330,178 1.900,519 Comparative net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrastricted funds General fund 1,104,143 (778,280} 325,863 Restrlcted funds Restricted fund 22,850 (18,535} 4,315 TOTAL FUNDS 1,126.993 (796,815) 330,178 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 1,532,787 424,461 1,957,248 Restricted funds Restrtcted fund 37,554 5,133 42,687 TOTAL FUNDS 1,570,341 429.594 1,999.935 Page 30 continued...
BEECHWOOD CANCER CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movemenl in funds Unrestricted funds General fund 2,116,252 (1,691,791) 424,461 Restricted funds Restricted fund 28,050 {22.917} 5,133 TOTAL FUNDS 2,144.302 (1,714,708) 429,594 20. RELATED PARTY DISCLOSURES During the financial year Pareto Financial Planning Ltd (John Stevenson is a Director) purchased fundraising event tick8ts totalling £11,500(2023: £4,000). Luna Investment Managernént Ltd (John Stevenson is a Director) purchased fundraising event tiGkets totalling £6,40012023.. £13,500). Ai year end Pareto Financial Planning Ltd had a trade debtor balance of £500, Luna Inveslm&nt Management Ltd had a trade debtor balance of £500. These transactions were 815 at ann's lenglh. Page 31
BEECHWOOD CANCER CARE CENTRE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOVVMENTS Donations, legacies and grants Donations NHS contracts Legacies Lottery GrantslTrusts 155,537 262,102 20,167 562 133,173 262,102 83,594 1,512 1.000 438.368 481,381 other trading activities Charitable shops income 176,240 182,221 Investment income Interest receivable 22,139 6,521 Charitablè activities Fundraising events 371,046 342,597 Other income Gain on sale of tangible fixed asséts Other income Rental income Electricity income Training and room hire 108,398 4,632 2,258 3,167 450 4,884 9,516 114,273 Total incoming resources 1,017,309 1,126,993 EXPENDITURE Charitable activities staff training Staff volunteer expenses Charity shoplproperty costs Event expenses Patient activities Proporty cosls Food provisions Irrecoverable VAT IT costs and website Carried fOard 4,900 3,911 62,071 139,347 17,771 48,909 2,875 35,804 22,006 337,594 3,878 2,898 41,493 145,898 12,859 45,876 668 32,700 20,060 306,330 This page does not form part ofthe statutory financial statements Page 32
BEECHWOOD CANCER CARE CENTRE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Charitable activities Brought fOard Printing, poslage & stationery Advertising and marketing Accountancy and professional Project expenditure Staff costs Bad debts Computer Soare Freehold propety Improvements to property Fixtures and fittings 337,594 4,252 2,842 11.648 12,296 478.502 38.000 306,330 3,744 9,559 16,502 19,435 372,820 37.800 li 3,492 12,034 4.618 4,615 3,275 12,494 3,717 4,639 909,893 790,315 Support costs Governance costs Audilors. remuneration 8,000 6,500 Total resources expended 917.893 796,815 Net income 99,416 330,178 This page does not fomi part of the statutory financial statements Page 33