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
coNTE￿rS
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 Charit￿5 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