Charit Number 1007819 THE RALPH BATES PANCREATIC CANCER RESEARCH FUND UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
THE RALPH BATES PANCREATIC CANCER RESEARCH FUND Chari no: 1007819 coNTErS PAGE I CONSTITUTION, TRUSTEES AND ADVISORS PAGE2-3 TRUSTEES'REPORT PAGE 4 INDEPENDENT EXAMINER'S REPORT PAGE 5 STATEMENT OF FINANCIAL ACTIVITIES PAGE 6 BALANCE SHEET PAGE 7- 10 NOTES TO THE FINANCIAL STATEMENTS
THE RALPH BATES PANCREATIC CANCER RESEARCH FUND Char No: 1007819 PAGE I CONSTITUTION The Ralph Bates Pancreatic Cancer Research Fund is a Registered Charity, No. 1007819 and was formed on 17 January 1992. The fund is governed by a Trust Deed and managed by the Trustees. PATRON AND TRUSfEE SIR PETER BLAKE. CBE. RDI.RA TRUSTEES Mrs. Virginia Bates Drjohn Glees MD, FRCR Mr Michael Bridge FCA Mrs. Sharon Sullivan Mr. Nigel Baly. Bsc. MRICS Mr. Les Biggs ACIS {Secretaryl BANKERS HSBC Bank PLC, 9 High Street, Kettering, Northants, NN16 8ST INDEPENDENT EXAMINER Mr C W Soper FCCA, 20 Furzen Close, Dunstable.Beds.LU6 3EN LEGAL ADVISERS Edwin Coe, 3 Stone Buildings. Lincolns Inn, London, WC2 3TH REGISTERED ADDRESS City,St Georges University of London, Jenner Win& Cranmer Terrace, London, SW17 ORE ADMINISTRATION ADDRESS 317 Old Bedford Road, Luton, Beds. LU2 7BL
THE RALPH BATES PANCREATIC CANCER RESEARCH FUND No:1007819 PAGE 2 TRUSTEES, REPORT The Trustees are pleased to present their report for the year ended 31 March 2025. OBJECTIVES AND ORGANISATION OF THE CHARITY The Charity was constituted under a Trust Deed dated 17 January 1992, the principal objectives of which are: 'Both capital and Income of the Fund sh311 be applied by the Trustees for all or any of the following purposes:_ a) To promote research into pancreatic cancer and associated diseases, disabilities and conditions by way of grant, remuneration, loans, or other assistance for persons, hospitals, universities, colleges, institutions, corporate bodies, charities, trust or other engaged in such research. b} To carry out or participate in such research directly. cl To provide relief and comfort for pancreatic cancer Sufferers either directly or through any hospital, charity, institution or other party engaged in such work. dl To establish, endow, fund or assist fellowship bursaries or scholarships linked with the name Ralph Bates and tenable by persons engaged wholly or mainly in pancreatic cancer research or treatment. The Trustees who served in the year are set out on Page l of the financial statements. There are no subcommittees. The existing Board of Trustees is responsible for appointing other Trustees. When considering candidates, the Trustees take into account any professional qualifications, clinical or other relevant experience and the candidate's potential contribution to the Charity. The Trustees have been mindful of, and ensured that, the Charity has acted in accordance with the Charity Commission's guidance as pertains to public benefit. REVIEW OF ACriv IES ACHIEVEMENTS AND FUTURE PLANS Our research work at St George'5, University of London has continued steadily during the year. The focus has been on identifying novel therapeutics that can potentially target pancreatic cancer ce115. Several combination treatments have been investigated to ascertain how the combination of drugs affect pancreatic cell movement, viability and survival. This is particularly important when the process of metastasis is considered, which occurs when cancerous ceSls move from their primary site and spread to other organs and ti55ues. The research team feel they are making real strides on delving into ways to fight pancreatic cancer. Its difficult to expand further about the results as they are commercially sensitive and defined established protocols have to be followed prior to publication. Donations were significantly down on the prior year due to our having participated last year in an appeal in the memory of a Richard Nevill, who unfortunately died of pancreatic cancer during the appeal. The research team which the appeal is funding, 15 now based at the University of Birminsham. Our involvement in the appeal has now ceased.
THE RALPH BATES PANCREATIC CANCER RESEARCH FUND No:1007819 PAGE 3 TRUSTEES. REPORT- Continued. However, the receipt of donations currently remains lower than we would like and this could probably be said about many small charities. The Trustees are actively involved in fundraising and are exploring all avenues to ensure the Fund can meet its aim of finding a cure for a terrible illness. In August 2024, the busine55 and a55ets of St George's were merged with City, University of London. St George's is known as "City, St George's, University of London" The merger has had no effect on our charity. FINANCIAL REVIEW During the year donations and other income amounted to £30,945 {2024 - £90,516) and expenditure was £10,962 {2024 - £215,997) leaving a surplus of Income over Expenditure of £19,983 {2024- deficit of £125,480), which is transferred to the Unrestricted Funds brought forward which stood at minus -£24,757 and Restricted £498, leaving a balance carried forward of minus -£4,276 (2024- minus £24,259). RESERVES POLICY The Trustees attempt to retain income and reserves to enable the funding known and potential expenditure of future research into pancreatic cancer and associated diseases, disabilities and conditions. RISK MANAGEMENT The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that Systems and procedures are in place to mitigate the Charivs exposure to the major risks. This includes consideration from 2021 to 2025 of the impact of COVIDI9. Signed on behalf of the Board L R BIGGS- Trustee Dated: Li&1
THE RALPH BATES PANCREATIC CANCER RESEARCH FUND No:1007819 PAGE 4 INDEPENDENT EXAMINERS REPORT I report to the trustees on my examination of the accounts of the Charity for the year ended 31 March 2025, which are set out on pages S to 10. This report Is made solely to the Charitvs Trustees, as a body, in accordance with Regulation 31 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitvs Trustees those matters l am required to state to them in an Independent Examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept responsibility to anyone other than the Charity's Trustees as a body, for my work, for this report, or the statement I have made. RESPONSIBILITIES AND BASIS OF REPORT A5 the Charity Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the ACT"}. I report in respect of my examination of the Charit5 Accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(Sllb) of the Act. INDEPENDEMf EXAMINER'S STATEMENT I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: a) Accounting records were not kept in respect of the Charity as require by section 130 of the Act; or b) The accounts do not accord with those records; or c) The accounts do not comply with the accounting requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 d) The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Whilst the net worth is in deficit , the cash flow projections and contractual agreements give confidence in the funding of the research for future years. Dated: 11 . C W SOPER FCCA Chartered Certified Accountant 20 Furzen Close Dunstable LU6 3EN
RALPH BATES PANCREATIC CANCER RESEARCH FUND No:IIK17819 PAGE S FINANCIAL ACTNMES FOR THE YEAR ENDED 31st MARCH 2025 As Restated Tott71 Funds 2024 Total Funds 2025 Funds 2025 2025 INCOME FROM Donations and Legacies I Inc Gift Aid) Investment Income £29 £IM5 £87,866 £2.650 £1145 £0 £22.645 £8300 £30,945 £90,516 EXPENDrruRE ON Raising Funds Charitable Activities 662 £0 £8 £0 £2.662 £8.31XI £4.943 £211,054 TOTAL £2.662 £8300 £10.962 £215.997 NEf INCOMEIEXPENDrruRE £19983 £0 £19383 -£125,480 FUNDS BALANCES B/Fwd -£Z4.259 -£24.259 £101,221 FUNDS BALANCES C/Fwd -£4.276 £0 44.276 -£24,259 A]1 amounts derive from continuing actNities. The statement of financial artivities includes all gains and1055es recognised in the year.
RALPH BATES PANCREATIC CANCER RESEARCH FUND Chari No:1007819 PAGE 6 BALANCE SHEEf AS AT 31 MARCH 2025 Note 2025 2025 2024 2024 CURRENT ASSETS Debtors Cash at Bank and in Hand £2,298 £81,187 £2,538 £60,963 £83,485 £63,502 CREDITORS Amounts Falling due within one Year £57.760 £27,759 NET CURRENT ASSErs £25,725 £35, 743 Amounts Falling due after more than one yea £30,001 £60,002 NET ASSETS -£4,276 -£24,259 Represented by: UNRESTRicfED FUNDS RESTRicfED FUNDS 10 10 -£4,276 £0 -£24, 757 £498 -£24,259 -£4,276 The financial statements were approved and authorised for issue by the Trustees on: V Bates ...... ..Chairperson L R Biggs..... ..Trustee
THE RALPH BATES PANCREATIC CANCER RESEARCH FUND No:1007819 PAGE 7 NOTES TO THE ACCOUNTS I. ACCOUNTING POLICIES la) The Charity is registered in England and Wales. The financial statements have been prepared under the historical basis. The financial statements have been prepared in accordance with the Charities Act 2011, the Statement of Recommended Practice applicable to the charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland I the FRS 102 Charities SORPI. The charity constitute5 a public benefit entity as defined by FRS 102. The financial statements are presented in sterling and are rounded to the nearest pound. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports} Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP IFRS 102) published l January 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from l April 2005 which has been withdrawn. {bl Going Concern The Trustees confirm that at the time of approving the financial statements, there are no material uncertainties regarding the Charitfs ability to continue in operational existence for the foreseeable future. In arriving at this conclusion, The Trustee5 have taken account of current and anticipated financial performance in the current economic conditions, its Corporate Plan and it5 reserves position as referred in the Trustees report. (c} Donations are included in the statement of financial activities when received, except donations from sponsorship of events which are accounted in the year in which the event take5 place. Bank interest is included in the statement of financial activities on the basis of the amount receivable in respect of each financial year. (dl Expenditure is included in the financial statements when incurred, except costs related to fund raising events which are accounted for in the year in which the event takes place. Grants for research are included when a legal obligation arises. {e} Restricted funds comprise monies received subject to specific conditions required by the donor and binding on the Trustees and relate to a specific research project. Unrestricted funds are made up of all other donations and interest and are for general use. {fl The charity only has financial a55et5 and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction value and subsequently measured at their settlement value. (gl Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at a fair value, net of transaction costs, and are measured subsequently at amortized cost Using the effective interest method, less any impairment.
THE RALPH BATES PANCREATIC CANCER RESEARCH FUND No:1007819 PAGE 8 NOTESTOTHE ACCOUNTS Continued (h) Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash within significant risk of change of value. (i) Short term creditors are measured at the transaction price. Other financial liabilities including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortized cost using the effective interest method. 2. JUDGEMENTS IN APPLYING THE ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY. In the application of the trust's accounting policies, the trustees are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and a550ciated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. There were no judgement or material estimation uncertainties affecting the reported financial performance in the current or prior year. 3. REMUNERATION AND EXPENSES OF THE TRUSTEE5. None of the Trustees received any remuneration for their services or reimbursement for expenses incurred during the year. {2024- £nil). 4.EMPLOYEES The charity does not employ any staff. During the year there were 7 Trustees (2024- 7).
THE RALPH BATES PANCREATIC CANCER RESEARCH FUND No:1007819 PAGE 9 NOTESTOTHE ACCOUNTS Continued 5. RESOURCES EXPENDED Unrestricted 2025 2024 Funds Expenditure on Raising Funds Website, online agency costs, event Entry costs and commissions 1,745 3,566 Expenditure on Charitable Activities Research studentship and tuition fees at: St George's University of London University of Birmingham 90,003 121,051 8,300 Independent Examiners Fees 500 500 Printing , Postage , Stationery, Telephone and Miscellaneous Items 346 72 876 10,963 215,996