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2024-05-31-accounts

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Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Registered charity no. 1011325
[—] Year Ending 31 May 2024 www.lennoxccf.org.uk 1 of 44
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Contents

Trustees Report

Trustees Report
Welcome from our CEO & Chairman 4
Our Mission 5
Our Pillars of Support 5
Our Values 5
Our Objectives 6
Our Projects and Activities 7
Vinny’s Story 10
Achievements and Performance 11
Rosie-Mae’s Story 17
Financial Review 18
Plans for Future Periods 21
Structure, Governance and Management 23
Legal and Administrative Information 24
Statement of Trustees’ Responsibilities 25
Annual Accounts
Independent Auditor’s Report 26
Statement of Financial Activities 29
Balance Sheet 30
Statement of Cash Flows 31
Notes to the Financial Statements 32

Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024

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We are Lennox Children’s Cancer Fund

Our aim is to make a positive difference to the lives of children with cancer, and their families. We are here to offer support when it is needed most.

Emotional support

While the doctors take care of your physical health, we’re here to take care of your mental health. Our community support group and family support helpline can provide that all important ear to listen, shoulder to cry on or friend to chat with.

Practical support

From woolly socks to a phone charger, our ‘We’ve Got Your Back’ Packs provides all the essential items needed for the first few unexpected days in hospital.

Financial support

During a child’s cancer treatment, many parents are unable to work and household costs can soar. Our care and crisis grants are available to provide a financial cushion when times get tough.

Respite Breaks

A Lennox holiday or day out as a family can be ‘just what the doctor ordered’, reminding families the value of spending time together.

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Trustees Report

Lennox Children’s Cancer Fund was registered as a charity in England and Wales with the Charity Commission on 21[st] May 1992. The charity registration number is 1011325. The Trustees are pleased to present this report together with the financial statements of Lennox Children’s Cancer Fund for the year ended 31 May 2024.

The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts, and comply with the charity’s Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1[st] January 2016).

The legal and administrative information set out on page 24 forms part of this report.

Welcome from our Chair of Trustees and CEO

As we look back over the past year, we cannot ignore the significant challenges we have faced—rising inflation, an energy crisis, the war in the Middle East, and a range of economic and financial hurdles. Navigating these tough times has certainly been demanding, but through the collective efforts of our dedicated team, supporters, and partners, we have not only sustained our vital services for children and families in need but have also expanded by introducing two new activities to our roster of charitable projects.

For many years, our amazing Family Support Team has voluntarily made themselves available to families in need on evenings and at weekends. I simply cannot praise them or thank them enough for their dedication. This year, for the first time ever, we have introduced a new formal out-of-hours helpline. Additionally, we are now funding counselling through EIMS as part of our Emotional Support project. These were made possible by the generous funding we’ve received from The National Lottery to run the project for the next three years.

On the fundraising front, our team has worked tirelessly to engage individuals and businesses across the UK. Their efforts, combined with the generosity of our supporters, have ensured the vital funds needed to keep our projects running. From challenges and competitions to events and donations, we have been overwhelmed by the time, energy, and money so many have given.

We’ve also strengthened our connections with businesses across the UK, securing more corporate partnerships and ‘Charity of the Year’ collaborations than ever before. The support of these businesses has been invaluable, not only in terms of financial contributions but also in the expertise their employees have shared, helping us enhance our fundraising and operational efficiency.

As always, Lennox would not be where it is today without the hard work and unwavering commitment of our employees, donors, fundraisers, volunteers, and partners, who together form our ‘Lennox family.’

Thank you for taking the time to read this report and review our charity’s 2023-2024 accounts. Your support truly makes a difference.

Best wishes,

Kevin Davis Vincent Fitzmaurice Chair of Trustees CEO

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Our Mission

Since the charity was founded in 1992, our mission has been to relieve the pain and suffering of children diagnosed with cancer. Over the years, we have expanded this mission to support not only the children but also their entire families, from the moment of diagnosis, through treatment, and beyond.

Every day, five children between 0 and 14 years are diagnosed with cancer. For them and their families,

the emotional and psychological toll is profound. That’s why all of our projects focus on making a positive, lasting difference to the whole family, providing support throughout their journey.

Our compassionate Family Support team is always available to discuss the wide range of services we offer, ensuring that each family’s unique needs are met with care and minimal stress, from diagnosis to post-treatment support.

Pillars of Support

Our projects and services are focused around the charity's four pillars of support to ensure we can offer a full wrap-around service.

Emotional

Financial

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Practical
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Respite
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Our Values

Our values are incredibly important to us as they define our charity and are woven into the work we do every day with the families who need our support.

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Our Objectives

Every family has a different experience and a different journey with cancer. Many struggle to adjust to their ‘new normal’ after diagnosis so it is important that we prioritise the emotional, practical and financial support that each individual family needs, ensuring they feel heard, understood, and cared for at every stage of their journey. Our team is dedicated to standing by each family, putting their needs first in every decision we make.

Our projects are tailored to offer the support our beneficiaries need in line with our main aims and objectives. Those objectives are:

It is also very important to us that hospitals with specialist children's cancer wards receive the assistance they need to ensure that children undergoing treatment receive the best care and quality of life possible. We have strong links with many hospitals including Queen's Hospital in Romford, Great Ormond Street Hospital in London, Addenbrooke’s Hospital in Cambridgeshire and Birmingham Children's Hospital.

Fs Ae é Jos = Lennox Children’s Cancer Fund Annual Trustees Report and Accounts Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024 Year Ending 31 May 2024

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Our Projects and Activities

Respite Breaks

Respite holidays are provided free of charge to families in need of some time away together to recuperate and reconnect. A short break away is often key for the survival of family relationships during the roller-coaster ride of childhood cancer. However, for so many families with a child undergoing cancer treatment, a holiday can seem like an impossible dream.

A common side effect of cancer treatment is a very low immune system, which can mean that children become ill often and unexpected hospital stays are a regular occurrence. The flexibility of our Respite Breaks project takes away the worry of financial loss if their child is too ill to travel, we can simply rearrange, or let them travel later in the week. Additionally, our holiday homes are close to UK hospitals should they need it.

This reassurance is so vital when they are already carrying the emotional weight of seeing their child going through cancer treatment, dealing with constant appointments, side-effects and the financial implications associated with childhood cancer.

In addition to providing a respite break, we also offer holiday grants for some extra treats and a worryfree holiday, as well as providing toys, games and DVDs in each holiday home for rainy days.

Every year many of the families who receive a respite break leave heart-warming messages of thanks in the guest books, along with lots of advice and ideas for other families.

Emotional Support and EIMS

Being diagnosed with cancer at such a young age can induce a feeling of fear, anxiety, sorrow and helplessness, regardless of whether you are the child with cancer, a sibling watching your brother or sister battling the disease, or a parent who is terrified of what the future might hold for your child and your family. Addressing the psychological and mental health needs of children with cancer and their families is of paramount importance.

Our Family Support Team have a wealth of experience when it comes to forming intimate, and often long-term relationships with families in need of emotional support. They are able to listen to a story, talk through a problem, provide a shoulder to cry on, or even put parents in touch with other families in a similar situation. The value of this is vastly underertimated.

In recent years, there has been a dramatic rise in the demand for mental health assistance, and tragically, we have also seen an increase in instances of selfharm and suicide attempts among young people affected by cancer. For this reason, we expanded our emotional support service and introduces our Early Intervention Mental-wellbeing Scheme (EIMS).

Through EIMS we can provide extended emotional support through our telephone helpline and even refer families to professional counsellors to ensure they get the early mental health support they need to cope with the battle ahead. We also hold a monthly support group and provide therapy boxes to help us reach families who may need a little more encouragement to get the help they need.

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Share Our Strength (SOS) Support Group

Our monthly community support group is a great place for parents, children, siblings and other family members who are going through similar experiences to find friendship and support from people who really understand their day-to-day struggles.

pivotal role in providing essential support to these families during their most trying times.

At each group different activities are offered to entertain the children, and encourage them to play together. This allows parents and carers a chance to relax and chat to each other, or they can join in with the activities too! The no-pressure, no judgement environment allows families to get to know each other in a safe way, reducing feelings of isolation and loneliness.

There is usually a therapist available for one-to-one chats during the group. This can be a great way for parents who don’t need regular counselling to offload and gain skills that will help them cope with their child’s diagnosis and cancer battle. Some of the older children have also found it helpful to speak to the therapist about their experiences and feelings.

Welfare and Benefit Advice

Care and Crisis Grants

61% of parents dealing with childhood cancer are impacted financially by their child’s diagnosis. With extra costs averaging £600 every month. 60% of those parents experience debt as a direct result of their child’s diagnosis[2] .

Our care and crisis grants serve as a financial lifeline for families navigating the myriad of challenges that childhood cancer brings. These grants provide vital support for families who are struggling with the increased costs associated with cancer treatment. Whether it's covering transportation costs to and from hospitals, specialist equipment and home adaptations, childcare for siblings or other unexpected financial burdens, these grants play a

In some cases, a one-off care grant from us is not suitable and the family may need a long-term financial solution to sustain themselves. In this instance, we can either advise and support them in their application for state benefits, such as universal credit, or refer them to a specialist organisation who will carry out a full welfare and benefit check to make sure the family receives all of their entitlements. This is often extremely detailed.

Being able to maximise a family’s income, gives them the power to budget for the future, and to stay afloat financially during their child’s treatment. This means less time worrying about finances and more time focused where it is really needed – on their child.

Gifts in Kind

We love Every Christmas and Easter, we collect new toys, food treats, clothes and other items that are gifted to children affected by cancer and their siblings. While receiving cancer treatment, children often don’t get to experience the simple things that other children do, such as going to school, taking holidays, attending friends birthday parties and days out. By providing them with treats and vouchers for days out, we are able to give them a little bit of the normality that they have been missing out on.

We regularly have vouchers and tickets donated for family days out, and these have proven to be so invaluable to the families that have been able to use them.

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‘We’ve Got Your Back’ Packs

Finding out that your child has cancer and being whisked straight to a major hospital to begin treatment is traumatic enough, without the added stress of having no basic supplies with you. Our ‘We’ve Got Your Back’ packs include all the neccessities to get them through that first 24 hours, including:

We organise regular days out for up to six teenagers or young people, along with a parent each, at fun places such as cinemas, museums, theme parks or theatres. These days out foster a sense of community, understanding and support that may significantly improve a teenager or young person’s overall well-being and mental health.

Beneficiary Events

Throughout the year, we host a wide range of events specifically aimed at children with cancer and their siblings. They can include things like Christmas parties, activity afternoons, private days out at wildlife parks, unique experiences, theatre trips and picnics.

Parents will also find lots of crucial information, signposting them to the other support services the charity provides, including care grants, emotional support and respite holidays.

Buddy Up

Young people with a cancer diagnosis face challenges that significantly impact their teenage and young adult years. The Buddy Up initiative brings young people together through activities, days out and online forums.

These events will often be hosted at public places that children may not usually be able to attend due to having a compromised immune system. Having exclusive access through a Lennox event means that children can have fun with other children who are in a similar position to them. Guest numbers are kept low to ensure that every family feels safe, while enjoying time together.

Therapy and Treasure boxes

When requested, we are able to provide art and therapy boxes for children in the form of treasure chests filled with toys, crafts and gifts. Each box is personalised to the child’s age, abilities, likes and dislikes.

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Lennox Children’s Cancer Fund Annual Trustees Report and Accounts
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Vinny’s Journey

Vinny was diagnosed with Acute Lymphoblastic Leukaemia (ALL) two weeks into the first COVID-19 lockdown. He was only three years old at the time, but he had to start chemotherapy and high-dosage steroid treatment right away. Because of the pandemic, only one parent could stay with Vinny, so his mum stayed with him at the hospital, while his dad stayed at home and looked after his two older brothers, Harley and Jared. Vinny is very close to his family, especially his brothers, so it was excruciating for them to be apart for such long periods of time.

For over 3.5 years, Vinny would endure lots of treatment, procedures and lengthy hospital stays. He lost his hair, his mobility, his freedom and a big part of his childhood, but it was Vinny who kept his whole family going with his courage and determination. Even on the darkest of days Vinny would have a huge smile on his face.

During the last year, Lennox has arranged a respite break for Vinnie and his family as well as providing on-going emotional support. Vinny’s mum told us:

“I’ll never be able to put into words what this meant to us… to have that time away, together as a family. To step out of the ‘real world’, to recoup, make memories and muster some more strength to keep going. [Lennox] are nothing short of fabulous.”

Vinny finally finished his treatment last year, but it has been impossible for his life to return to ‘normal’. He has long-term side effects that he is receiving ongoing care for and he will always be at risk of re-occurrence, or late side-effects such as secondary cancers or heart failure.

“The phone calls and offers of support I still receive from them, mean more than I think they realise. Lennox understand that just because treatment has finished, lives don’t go back to how they were before cancer reared its ugly head.”

Lennox Children’s Cancer Fund Annual Trustees Report and Accounts Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024 Year Ending 31 May 2024

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Achievements and Performance

During this year, we have achieved so many wonderful things that we couldn’t list them all. So here are just a few of our proudest accomplishments of 2023-2024.

Telephone helpline

~~—~~

Counselling

Alfie* is 14 years old and has recently started receiving counselling through our EIMS project. He lives with his gran and his uncle, who sent us this message:

“Alfie’s initial response was very resistant prior to his counsellor’s first visit. However, it’s gone fantastically well. He usually struggles so much with meeting new people and talking about things – well, he chews his counsellor’s ear off! Although we had to delay two visits as we were all ill, he’s had two sessions so far and we couldn’t be happier… thank you so much for making this happen. It will be such a benefit for Alfie and is much needed after all he’s gone through.”

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Support Our Strength (SOS) Support Group

Therapy and Treasure boxes

Respite Breaks

Lennox provided us with a break away at their holiday lodge and I can't explain how wonderful it was to have that time away as a family, to just have fun, and to see George able to 􀋡finally swim with his sibling and to start to create happier memories together. It was over new year too so felt extra 􀋡fitting to turn the page. We are so grateful to Lennox for providing this time for us to enjoy together.

George’s mummy

“Hey, just want to thank you all for the wonderful break. We are genuinely sad to be leaving this morning. We've really had some respite from our usual life which is just what we needed after everything we have been through. Can't believe the week has gone by so quick! Thank you everyone at Lennox”

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Party for Heroes

Gifts In Kind

• We gave 2,229 gifts to children battling cancer, and their siblings – over 500 more last year’s total. These were all sent directly to children’s homes at Christmas or Easter, or given to hospital wards throughout the UK. We also donated 155 vouchers or tickets so that families could enjoy a day out or to help with essential purchases, including:

‘We’ve Got Your Back’ Packs

“Thank you so much for the very cool bags!! They are so well packed!! The feedback has been GREAT- the blanket and water bottles have been particularly well received. I think the children have really enjoyed receiving something that is just for them when they come in”

Nurse at Croydon Hospital

“I just wanted to email to say a big thank you! My 11 month old baby Louie has germ cell tumour cancer and is currently undergoing chemotherapy. We recently got admitted to hospital for suspected sepsis. During our stay, the play team gifted us a bag full of many essential items and extra amazing gifts from your charity. It made the world of difference to us and we are very grateful. Thank you so much”

Louie’s Mummy, Hannah

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Care Grants

“We just want to say, a huge thank you for the grant you have sent. You are honestly like our guardian angels that pull us through the hardest of times. This grant will enable us to go on our little holiday to create even more memories and forget the madness & sadness of life. We are so, so, grateful to you all, to you as a charity. Thank you so very much.” Eliot’s mummy

Welfare and Benefit Advice

Fundraising

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WINNER “2a,
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Raising Awareness

Administration and Governance

Thank You

“Lennox Children’s Cancer Fund has helped us so much. As money was very tight due to us going down to one wage, we were given a few grants from them. They have also given Chloe vouchers for a day out. More so for me was Helen would just call me to check in and have a chat, which meant so much” Chloe’s mummy

“Thank you for letting us stay in your beautiful cottage, it is so lovely and cosy. The children loved their bedrooms and Emily and I watched DVDs together in bed cuddled up. We had everything we needed and more.

Our lives with Emily having so many hospital/rehab appointments is busy and hectic so this is just what we needed to slow down and rest. Thank you to everyone that makes this possible. It is so appreciated and makes a big difference to people’s wellbeing. Thank you so much”

Emily’s mummy

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Rosie-Mae’s Story

Rosie-Mae was a happy little 4 and half year old when she was diagnosed with retinoblastoma – cancer of the eyes.

“The doctor said she thought it could be cancer. Our hearts were broken and we hoped she was wrong. When we got that final confirmation our lives completely turned upside down. We had to try and act normal for our little girl and try not to scare her, and I had to keep calm as I was 4 months pregnant with her baby sister. We didn't know what to tell Rosie-Mae. How can you tell a 4 year old that she has cancer? So we just told her she had a poorly eye”

Rosie-Mae started treatment at Great Ormond Street Hospital in London, which involved overnight stays, while her brother Christopher stayed at various family member’s houses. She has had many, many appointments, scans, tests and injections. She has recently finished her chemotherapy treatment and is now just being monitored to make sure the cancer doesn’t return.

Throughout Rosie-Mae’s journey, her family were supported by the wonderful hospital staff, and Lennox Children’s Cancer Fund.

“Helen from Lennox was definitely an angel sent to me. She is such an amazing lady. She checks on me and my family regularly, she's put us forward for a respite holiday and she's been there to listen to me talk and even cry. She just over all makes you feel better when talking to her and she's always there whenever you need her. Lennox is such a small charity and yet it has a huge heart. The help they give is unreal. Everyone that has come into our lives since Rosie-Mae’s diagnosis has become like family and I cannot thank them enough for all the hard work that they do for my family and myself”

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Financial Review

Income

The ongoing cost of living crisis and economical challenges that everyone has faced this year has had an impact on our fundraising efforts. Our team have had to work harder than ever before to raise funds, consistently coming up with new campaigns and fundraising ideas. Their dedication has certainly paid off as we have raised over £1 million for the second year in a row.

The £1,038,828 income is broken down as follows:

The remaining £4,465 was income from refunds and interest received.

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Gift Aid
6%
Gift In Kind
and Trade
Donations
5%
and Grants
37%
Fundraising,
Events and
Campaigns
52%
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During the previous year, the charity was very generously gifted a property in Salhouse, Norfolk, with a value of £493,500. The property is used solely as a holiday home for the charity’s beneficiaries.

The majority of our income this year came from grant making trusts and foundations (£337,111), followed by lotteries and campaigns (£215,507) and community fundraising (£152,778). These are the three key areas that our fundraising has been focused on, although we would like to explore other income streams in the future.

Our income sources

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Donations, grants Retail, trading
and legacies Fundraising and campaigns and gift in kind Other income
350000
300000
250000
200000
150000
100000
50000
0 — es
£337,111
£215,507
£152,778
£68,109
£33,197 £42,658 £51,000 £48,782 £62,321
£15,622 £6,649 £629 £2,368 £2,097
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The gift in kind income was primarily made up of items, vouchers or services that were donated to the charity. The vast majority of these (£36,256) were used for charitable purposes such as gifts for beneficiaries, donations to hospital wards or serivces at our beneficiary events. The rest were either sold via our online charity shop or used to raise funds through activities like raffles, auctions or tombolas.

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We are so grateful for every donation we receive, however large or small. Donations allow the charity to continue the good work currently being undertaken. As has been evidenced this year, an increase in donations helps us to invest in our charitable services and projects which will, in-turn, increase the number of children being supported. Anybody wishing to make either a one-off donation or a regular donation should contact the office. All the details are on our website, which is regularly maintained: www.lennoxccf.org.uk.

Expenditure

The charity has spent £1,074,884 this year – approx £15.6k more than the previous year. This small increase is largely attributed to the expantion of our charitable projects and the funding we have received toward them.

The overall expenditure on charitable activities for the year is £722,910. This is almost £70k more than the previous year while £351,974 was spent on generating funds. Within these amounts are £252,073 of administration and governance costs.

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Generating
Funds
33%
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Charitable
Activities
67%
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Every charity has core costs to ensure it’s smooth running day to day. We also sometimes need to invest money to help us generate additional income. This past year, we have spent £351,974 on generating funds, which is 33% of our overall expenditure.

The remaining 67% of our expenditure was used to deliver our charitable projects, activities and services. The total amount spent on supporting our beneficiaries is £722,910.

In the past year we have spent £135,816 on providing emotional support, counselling and a telephone helpline, £144,978 on providing family respite breaks, £147,880 on awarding care and crisis grants and £5,758 on organising beneficiary events. We also gave out £36,256 worth of vouchers and gifts, such as toys, clothes and food treats to children or hospitals.

How our charitable expenditure was split between our main projects (including a share of staff and support costs)

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Emotional support and EIMS
Respite Breaks
Care Grants
Gifts In Kind
Other projects
£0 £20,000 £40,000 £60,000 £80,000 £100,000 £120,000 £140,000 £160,000 £180,000 £200,000
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Other projects includes:

These amounts don’t include additional costs that are shared across the projects, such as premises, postage, printing and travel.

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We’re especially proud of the amount we have given in care and crisis grants this year. With the ongoing cost of living crisis, this service has become a lifeline to some families who are struggling financially as a direct result of their child’s diagnosis.

The cost of administration and governance (support costs) include premises, communications, travel, audit fees, along with other expenditure that is neccesary for the day-to-day running of the charity. These costs are split between charitable activity and cost of generating funds.

At the end of the year, the charity’s fund balances were as follows:

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Unrestricted
Funds
11% Restricted
Funds
3%
\
Tangible
Fixed
Assets
86%
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Unrestricted funds are available for the charity use for any purpose, provided it is in line with our goals.

Restricted funds are for a specific purpose and must be spent in line with the conditions of the donation. The charity’s restricted funds are usually grants that are given towards one of our projects. During this year, we also received restricted funding towards the purchase of a new server and a new CRM database.

Our fixed assets include our two holiday homes – a four-bedroom cottage near the Norfolk Broads and a three-bedroom lodge in the New Forest.

Reserves

The charity's first priority is always to retain as many services as possible while building enough reserves to sustain the charity for at least six months in the event of complete loss of income. We are currently building reserves to ensure long-term sustainability in delivering our vital services to children, young people and families, as well as producing more opportunities for growth.

During the next financial year, 2024/2025, our aim is to hold two months full service delivery costs. This will increase to six months full service delivery costs by 2026/2027, which is the desired level of reserves going forward.

Trustees have determined the need to hold reserves at this level to ensure stability to service delivery if:

This level of reserves also takes into account the charity;s responsibilities and liabilities (for example, staff and existing contracts) in the event it had to wind up.

The charity’s reverves policy is reviewed by the Trustees annually, or in the case of an ‘exceptional’ event, which unexpectedly impacts the charity, such as the COVID pandemic, to ensure the reserves level remains appropriate.

At present, the funds of the charity are held in current accounts with a national high street bank. At the end of the financial year 2023/2024, the charity held unrestricted funds totalling £592,733. This includes the value of a property which the charity has the authority to sell or lease.

Going Concern

The Trustees have reviewed the charity’s financial position and assessed the cash flow forecasts. They have reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the annual accounts.

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Plans for Future Periods

Charitable Activities

For the next year, Lennox Children’s Cancer Fund will focus beneficiary based support on:

The EIMS project was launched earlier this year, and while it is already clear that this is an essential service for those struggling through a childhood cancer journey, we still have a lot of work to do to raise awareness of the project. We will refine and implement our marketing strategy to ensure that every person in need of this absolutely vital service, knows how to contact us and access the support they need.

Eventually, we would like to expand the telephone helpline service to make it formally available 24 hours per day. Currently, many of our family support team volunteer their own evenings and weekends to answer calls from desperate parents.

We are building up our directory of qualified counsellors to ensure that wherever a beneficiary is based, we can give them access to a professional counselling service. This is currently achieved through online sessions, but we would like to ensure we can offer face-to-face sessions in every corner of the country.

Share Our Strength (SOS) support groups have already had a such a positive impact on the families who are attending that we would like to expand the group to other locations. Our long-term ambition is to host monthly sessions in every county throughout the UK.

Our family support team is already in the final stages of planning the next Party For Heroes event, which we are expecting over 200 people to attend. They have also started planning a spooky Halloween party and a magical Christmas party for later in the year.

As always, we expect to maintain and improve Appletree Cottage to the highest standard to ensure that as many families can benefit from it as possible.

The lease on Amberwood Lodge at Shorefield Country Park is nearing its end so the lodge will need to be replaced very soon at a cost of approximately £200k-£300k. Although we are very lucky to own Appletree Cottage in Norfolk, it is also wonderful to have a second holiday home at a holiday site on the south coast. This allows families who might not be able to travel to Norfolk to also benefit from our Respite Breaks.

During the next year we will seek further funding to provide more ‘We’ve Got Your Back’ packs to more hospitals. Our long term plan sees this project expanded to reach every newly diagnosed child in the UK.

Raising Awareness

Following the success of this year’s Childhood Cancer Awareness Month, we plan to create a new marketing strategy to ensure that we increase awareness of childhood cancer, and our services this coming September and throughout the year.

Fundraising

For the next year, our fundraising efforts will be focused on:

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We hope to host several more networking events to reach new businesses, make connections and increase our supporter network.

Earlier this year, we were sadly forced to cancel our Superhero Fun Run and Lennox Fest. This was utterly devastating for our fundraising team who had poured their souls into organising a successful event. The good news it that we are already in talks with Brentwood Council to reschedule Lennox Fest for next summer.

The next stage production is planned to take place at The Towngate Theatre in Basildon in April 2025. The very talented group will be putting on The Wizard of Oz to raise funds and awareness locally.

Unfortunately, it has not been possible to secure a date for the next Christmas Concert at Chelmsford Cathedral, so we have moved it to St Martin’s Church in Basildon. It will be our first concert at this venue.

There are many fundraising events in the pipeline that we hope will raise the additional funds needed to expand and improve our services and projects.

Administration

We would like to increase our volunteer network to take the pressure off our staff at events and encourage the public to be more involved with Lennox and our work.

Now that we have a new CRM database and all of our supporter data has been merged into one place, it is important that the new system is utililised effectively. Staff will receive training throughout the year and we will regularly analyse the usage of the database to ensure that we are getting the best from it.

We are in the process of seecuring funding for an additional office space that is next door to our current head office. This additional office space would enable us to revive our online fundraising through Vinted and eBay. There will also be space for a private meeting room, which could also be used for focused working, and a cosy room for our beneficiaries to visit and have somewhere private to sit with our family support team.

During the last five years the charity has worked hard to reduce It's carbon footprint by switching paper processes to digital processes, and during the next year we plan to reduce our paper usage even further.

The charity will continue to source the best prices for all products and services in an effort to keep the costs to a minimum.

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Structure, Governance and Management

Governing Document

Lennox Children’s Cancer Fund is an unincorporated charity which is governed and operated within the requirements of a Trust Deed. The charity’s membership is comprised of its Trustees. The Trustees who served during the year and up to the date of signature of the final statements are listed in the legal and administrative information set out on page 24.

Recruitment, Appointment and Training of Trustees

The charity was formed by the original Trustees who retained the right to appoint additional Trustees from time to time. No Trustee is, or has been, appointed “for life”. Accordingly, the appointment and removal of Trustees remains exclusively with the board of Trustees as constituted from time to time.

The Trust Deed requires the board of Trustees to have at least three Trustees and a maximum of five. New Trustees are appointed by the existing Trustees. New appointees are given a personal induction to the charity, where their governance obligations are explained to them. Each new Trustee is provided with a copy of the Trust Deed, the charity’s latest report and statement of accounts and the minutes of the last Trustees’ meeting.

The Trustees hold at least three meetings each year and agree the broad strategy and areas of activity, the grant making, investment, reserves and risk management policies and performance of the charity.

Details of any Trustee expenses are disclosed in the accounts. Trustees are required to disclose all relevant interests and register them with the CEO and, in accordance with the charity’s policy, withdraw from any discussions where a conflict of interest may arise. At present, none of the appointed Trustees have interests in property held by the charity.

The Trustees have reviewed and accepted the code for good governance http://www.governancecode.org/full-code-of-governance/ as advised by the Charity Commission.

Organisational Structure

At the end of the year, the charity employed 19 full time and 4 part time staff. The CEO oversees the day-to-day running of the charity and delegates responsibilities to line managers and employees.

At the end of this year our employees’ time was divided between charitable activities and raising funds so that we can continue offering our vital projects and services.

Risk Management

With the help of the CEO, and in conjunction with staff and volunteers for the area of activity, the Trustees annually review the major risks to which the charity is exposed. Systems and procedures have been established to manage any risks. The Trustees have also reviewed all the policies that are currently in place and have found them to be working effectively. The charity has the appropriate employer’s insurance to cover all major risks. Contractual risks are reviewed before being entered into to assess that they could not significantly affect the charity’s ability to fulfil its objectives.

The Trustees have continued to support the policy of current and savings accounts for the funds of the charity and have not exposed the charity by investing in the extreme volatility of the stock market or other investment vehicles.

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Legal and Administrative Information

Charity Name Lennox Children’s Cancer Fund Charity Registration Number 1011325 Registered Office 26 Hemmells Laindon Essex SS15 6ED Trustees Mr K J Davis (Chair) Mrs D Pierson Mr D Plato Mr M Brown Senior Management Mr V Fitzmaurice (Chief Executive Officer) Independent Auditors KLSA LLP Kalamu House 11 Coldbath Square London EC1R 5HL Bankers Santander UK 2 Triton Square Regent’s Place London NW1 3AN

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Statement of Trustees’ Responsibilities

The charity Trustees are responsible for preparing the Trustee’s report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure to our auditors

In so far as the Trustees are aware at the time of approving our Trustees’ Annual Report:

Members of the Trustee Board

Members of the Trustee Board, who served during the year and up to the date of this report, are set out on page 24.

The Trustees report was approved by the Board of Trustees on 21[st] November 2024

Mr K J Davis Mr D W Plato Chair of Trustees Trustee

References

  1. Cancer Research UK, https://www.cancerresearchuk.org/health-professional/cancer-statistics/childrens-cancers#heading-Zero, accessed August 2022.

  2. Research carried out by CLIC Sargent https://www.younglivesvscancer.org.uk/wp-content/uploads/2018/08/Cancer-Costs-Report-2017.pdf, accessed August 2022

  3. *Some names have been changed in this report to protect the identities of our beneficiaries.

Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024 ~~OO~~

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Annual Accounts

Independent Auditor’s Report

to the Trustees of Lennox Children’s Cancer Fund

Opinion

We have audited the financial statements of Lennox Children's Cancer Fund (the ‘Charity’) for the year ended 31 May 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability 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 responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent 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 fact.

We have nothing to report in this regard.

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Independent Auditor’s Report to the Trustees of Lennox Children’s Cancer Fund (continued)

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion

Responsibilities of Trustees

As explained more fully in the statement of Trustees responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity’s 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 Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud and noncompliance with laws and regulations

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

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Independent Auditor’s Report

to the Trustees of Lennox Children’s Cancer Fund (continued)

To address the risk of non-compliance with laws and regulations, we communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the charity is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related charities legislation) and taxation legislation (including payroll taxes) and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statements items.

Secondly, the Charity is subject to grants terms and conditions where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the termination of grants. We identified the following areas as those most likely to have such an effect: terms attached to The National Lottery Community Fund grant. Auditing standards limit the required audit procedures to identify noncompliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sate bioctds

Shilpa Chheda Senior Statutory Auditor For and on behalf of KLSA LLP

Date

Chartered Accountants KLSA LLP Statutory Auditor Kalamu House 11 Coldbath Square London EC1R 5HL

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Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024

Statement of Financial Activities

For the year ended 31 May 2024

Unrestricted
funds
Restricted
funds
2024
2023
Notes
£
£
£
£
~~OO~~		 Unrestricted
funds
Restricted
funds
2024
2023
Notes
£
£
£
£
~~OO~~		 Unrestricted
funds
Restricted
funds
2024
2023
Notes
£
£
£
£
~~OO~~		 Unrestricted
funds
Restricted
funds
2024
2023
Notes
£
£
£
£
~~OO~~		 Unrestricted
funds
Restricted
funds
2024
2023
Notes
£
£
£
£
~~OO~~		 Unrestricted
funds
Restricted
funds
2024
2023
Notes
£
£
£
£
~~OO~~		 Unrestricted
funds
Restricted
funds
2024
2023
Notes
£
£
£
£
~~OO~~
Income from:
Donations, grants and legacies 3 332,983 62,947 385,930 349,411
Fundraising and campaigns 4 536,701 - 536,701 568,554
Retail, trading and gift in kind 5 49,411 - 49,411 646,031
Other income 6 66,786 - 66,786 65,858
Total income 975,881 62,947 1,038,828 1,629,854
Expenditure on:
Charitable activites
7
687,096
35,814
722,910
653,601
Generating funds
8
351,974
-
351,974
405,689
Total expenditure
1,039,070
35,814
1,074,884
1,059,290
~~re~~
Net income/(expenditure) and movement in funds (63,189) 27,133 (36,056) 570,564
Reconcilliation of funds:
Net current assets at 1 June 18 150,169 7,500 157,669 92,858
Fixed assets at 1 June 18 505,753 - 505,753 -
Fund balances at 1 June 655,922 7,500 663,422 92,858
Net current assets at 31 May 18 71,576 18,703 90,279 157,669
Fixed assets at 31 May 18 521,157 15,930 537,087 505,753
Fund balances at 31 May 592,733 34,633 627,366 663,422

The statement of financial activities includes all gains and losses recognised this year. All income and expenditure derive from continuing activities.

The statement of financial activities includes a tangible fixed asset in the unrestricted balances with a value of £493,500. This fixed asset is a property that was donated to the charity in the year ending 31 May 2023 and is used for charitable purposes as part of the Respite Breaks project.

Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024 29 of 44 UL ~~E~~

Balance Sheet

As at 31 May 2024

2024 2023
Notes £ £
Fixed assets:
Tangible assets
12
537,087
505,753
~~a~~
Current assets:
Debtors 13 13,369 35,419
Cash at bank and in hand 119,259 157,126
Total current assets 132,628 192,545
Creditors:
Amounts falling due within one year
14
(42,349)
(34,876)
~~a~~
~~ee~~
Net current assets 90,279 157,669
Total assets less current liabilities 627,366 663,422
Income funds
Restricted 16 34,633 7,500
Unrestricted 17 592,733 655,922
Total income funds 627,366 663,422

The financial statements were approved by the Trustees on 21[st] November 2024.

Mr K J Davis Chair of Trustees

Mr D W Plato Trustee

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Statement of Cash Flows For The Year Ended 31 May 2024 2024 2023 Notes £ £ ~~—~~ Cash flows from operating activities: Cash (absorbed by)/generated from operations 21 3,281 67,984 Investing activities: Purchase of tangible fixed assets (41,148) (3,533) Proceeds from disposal of tangible fixed assets - 36,014 Net cash generated from/(used in) investing activities (41,148) 32,481 ~~——~~ Financing activities: Payment of obligations under finance leases - (31,410) Net cash used in financing activities - (31,410) ~~———~~ Net (decrease)/increase in cash and cash equivalents (37,867) 69,055 Cash and cash equivalents at beginning of year 157,126 88,071 Cash and cash equivalents at end of year 119,259 157,126 ~~a~~

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Notes to the Financial Statements

For the year ended 31 May 2024

1. Accounting Policies

1.0. Charity Information

Lennox Children’s Cancer Fund is a charity registered with the Charity Commission since 22 May 1992.

1.1 Accounting Convention

The accounts have been prepared in accordance with UK Generally Accepted Accounting Practice, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). Lennox Children's Cancer Fund is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going Concern

In the current year, the charity's statement of financial activities was in a net income/(expenditure) position at (£36,056) (2023: £570,564). The balance sheet was in a net asset position with a fund balance of £627,366 (2023: £663,422) with net current assets of £90,279 (2023: £157,669). The organisation had bore a significant human capital cost in the current year as the charity scales up to increasing funding generating activities by boosting corporate support among keeping up with individual pledges in future. This has already borne returns as the charity has secured material fund pledges from large corporations after the year end. As a result the net expenditure in the current year will be overshadowed by the secured material incomes in the year 2023/2024. These among other factors as considered such as the charity’s financing facilities and future funding plans, we confirm that the application of the going concern basis for the preparation of the financial statements continued to be appropriate.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable Funds

General Funds

These are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of their charitable objectives. They have been given no designation or restriction by the owner.

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1. Accounting Policies, 1.3 Charitable Funds (Continued)

Designated Funds

The charity currently has four designated funds which have been agreed by the Trustees and are used when donors have indicated they wish to make a gift in support of a particular area of work. The current designated funds are:

Restricted Funds

Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors which have been raised by the charity for particular purposes.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income from production events are recognised on receipt of ticket sales and donations.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under the principal categories of costs of raising funds and charitable activities rather than type of expense, in order to provide information that is more useful to users of the financial statements, as follows:

Administration and governance, including those related to statutory independent examination and legal fees, have been treated as support costs.

All costs, including support costs, have been allocated between the expenditure categories on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis, e.g. floor area or estimated usage.

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1. Accounting Policies, 1.5 Expenditure (Continued)

Donations and grants

Donations and grants are paid to children who have been diagnosed with cancer and their family. This includes spending money when they use the charity's holiday homes. It is included in expenditure on charitable activities.

Donations and grants are transferred to the children and their family after the application for the donation and grant has been approved by the Trustees.

Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Cost of generating funds

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

1.6 Tangible Fixed Assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Assets with a cost of less than £500 are expensed.

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 bases:

Freehold land and buildings Freehold property is not depreciated Leasehold land and buildings Over term of the 30 year lease of the holiday home Fixtures and fittings 15% to 33.3% per annum on cost IT equipment 20% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activites.

1.7 Impairment of Fixed Assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and Cash Equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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1. Accounting Policies, 1.9 Financial Instruments (Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The Trust is treated for tax purposes as a charity and is not liable to Income Tax on income derived from charitable activities. The Trust is not registered for VAT. All expenditure amounts in the Statement of Financial Activities (SOFA) are shown inclusive of VAT, where relevant.

1.11 Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operativing leases, including any lease incentives received, are charged as an expense on a straight line basis over the terms of the relevent lease.

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Accounting Policies (Continued)

2 Critical Accounting Estimates and Judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

Useful lives of property, plant and equipment

Management reviews the useful lives and residual values of the items of property, plant and equipment on a regular basis. During the financial year, the Trustees determined no significant changes in the useful lives and residual values.

Staff costs accrual

The monetary liability for employees' accrued holidays and management approved bonus at the reporting date is recognised as an expense accrual.

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3 Donations, Grants and Legacies

Unrestricted
Funds		 Restricted
Funds		 2024 2023
£ £ £ £
Individual 33,197 - 33,197 73,360
Corporate 15,622 - 15,622 7,487
Trusts and Foundations 274,164 62,947 337,111 268,564
Total income from donations, grants and legacies 322,983 62,947 385,930 349,411

4 Fundraising and Campaigns Income

Unrestricted
Funds		 Restricted
Funds		 2024 2023
£ £ £ £
Lotteries and Campaigns 215,507 - 215,507 255,362
Challenges 42,658 - 42,658 43,501
Community 152,778 - 152,778 128,915
Corporate partnerships 51,000 - 51,000 63,000
Events and productions 68,109 - 68,109 17,663
Other fundraising 6,649 - 6,649 60,113
Total income from fundraising and campaigns 536,701
~~=~~		 -
~~=~~		 536,701
~~=~~		 568,554

5 Retail, Trading and Gift in Kind Income

Unrestricted
Funds		 Restricted
Funds		 2024 2023
£ £ £ £
Gifts in kind 48,782 - 48,782 640,739
Retail £629 - £629 5,292
Total income from retail, trading and gift in kind 49,411 - 49,411 646,031

6 Other Income

Unrestricted
Funds		 Restricted
Funds		 2024 2023
£ £ £ £
Gift Aid 62,321 - 62,321 59,767
Interest received 2,368 - 2,368 812
Net gains on disposal of mobile home - - - 5,279
Refunds 2,097 - 2,097 -
Total income from other sources 66,786 - 66,786 65,858

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7
Expenditure - Cost of Charitable Activities
2024
2023
Notes
£
£
~~SS~~
Emotional Support and EIMS:
Staff 83,686 57,554
Equipment 700 -
Supervision and training 468 -
Travel 666 -
Marketing, evaluation and online resources 2,406 -
EIMS costs/premises, overheads and office costs 7,519 -
Counselling 3,232 -
Share of support costs 9 40,371 22,051
Total expenditure on Emotional support and EIMS 139,048 79,605
Care Grants:
Grants to beneficiaries £69,093 45,809
Staff 49,622 41,579
Share of support costs 9 29,165 15,931
Total expenditure on Care Grants 147,880 103,319
Respite Breaks:
Upkeep of holiday homes 44,349 53,344
Hire purchase interest - 577
Staff 63,378 53,105
Share of support costs 9 37,251 20,346
Total expenditure on Respite Breaks 144,978 127,372
Other projects and services:
Events and activities 5,758 4,804
Gifts In Kind 36,256 42,828
‘We’ve Got Your Back’ Packs 460 9,937
Raising awareness and education 18,686 109,710
Staff 123,840 103,768
Share of support costs 9 72,787 39,758
Total expenditure on other projects and services 257,787 310,805
Costs shared across projects:
Printing, stationery and postage 21,361 17,029
Premises 1,860 5,041
Travel 8,792 10,430
Marketing 1,204 -
Totals expenditure shared across projects 33,217
~~——~~		 32,500
Total direct costs 543,336 555,515
Total share of support costs 9 179,574 98,086
Total expenditure on charitable activities 722,910 653,601

Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024 ~~re~~

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8
Expenditure - Cost of Generating Funds
2024
2023
Notes
£
£
~~eS~~
Fundraising:
Donations and legacies 1,855 2,142
Events 63,462 46,009
Campaigns and lotteries 10,190 14,624
Total expenditure on fundraising 75,507 62,775
Marketing:
Advertising
606
2,740
Total expenditure on marketing to generate income
606
2,740
Other:
~~es~~
~~ee~~
Premises 7,029 5,175
Staff 182,581 195,725
Share of support costs 9 72,499 129,876
Other fundraising costs 13,752 9,398
Total other expenditure on generating funds 275,861 340,174
Total cost of generating funds
351,974
405,689
~~eC~~
9
Cost of Administration & Governance (Support Costs)
2024
2023
£
£
~~SS~~
Administration:
Staff 173,348 166,257
Premises 8,911 3,666
Communications 30,393 28,335
IT 6,673 11,471
Depreciation 9,814 7,267
Other expenses 10,520 2,275
Governance:
Travel 2,780 1,053
Audit fees 5,895 5,160
Legal and professional 3,739 2,478
Total administration and governance
252,073
227,962
~~A~~
Analysed between:
Cost of Generating Funds 72,499 121,185
Trading - 8,691
Charitable Activities 179,574 98,086
252,073 227,962

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10 Employees

10
Employees
The average monthly number of employees during the year, based on full time equivalents, was:
2024
2023
Senior Management (CEO)
1
1
Employees
21
21
22
22
~~SSS~~
Employment costs:
£ £
Wages and salaries
601,694		 549,650
Social security
53,237		 48,337
Pensions
21,524		 20,001
676,455 617,988

Staff costs include £320,526 (2023: £256,006) for staff directly involved in delivering charitable activities, £182,581 (2023: £195,725) for staff involved in raising funds and £173,348 (2023: £166,257) for administrative and operations staff.

There was one member of key management personnel (2023: one). Total salary received by key management during the year amounted to £59,632 (2023: £44,644)

There were no employees whose annual remunerations was £60,000 or more.

11 Taxation

The charity is exempt from taxation on its activities because all of its income is applied for charitable purposes.

12 Tangible Fixed Assets

Freehold
land and
buildings
Leasehold
land and
buildings
Fixtures
and
fittings
IT
equipment
Total
£
£
£
£
£
~~rr~~
Cost:
At 1 June 2023
486,050
46,666
26,843
-
559,559
Additions
-
-
570
40,578
41,148
At 31 May 2024
486,050
46,666
27,413
40,578
600,707
~~SE~~
~~————~~
Depreciation and impairment
At 1 June 2023
-
38,334
15,472
-
53,806
Depreciation charged in the year
-
1,667
3,678
4,469
9,814
At 31 May 2024
-
40,001
19,150
4,469
63,620
Carrying amount:
At 31 May 2023
486,050
8,332
11,371
-
505,753
At 31 May 2024
486,050
6,665
8,263
36,109
537,087
~~——_—~~

Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024 40 of 44 ~~re~~

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13 Debtors

2024 2023
£ £
Amounts falling due within one year:
Other debtors
13,369
35,419
~~a~~
14
Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxation and social security 21,901 10,214
Trade creditors 5,506 5,125
Other creditors 10,587 7,982
Accruals and deferred income 4,355 11,555
42,349 34,876

15 Operating Lease Commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024 2023
£ £
Within one year 9,150 8,400
Between two and five years 9,150 8,400
18,300 16,800

The operating lease represents a lease of 9,100 to third parties for the head office. The lease is negotiated over terms of 2 years and rentals are fixed for 2 years. There are no options in place for either party to extend the lease terms.

16 Restricted Funds

The restricted funds of the charity comprise the unexpected balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

2024 2023
£ £
At 1 June 7,500 -
Incoming resources 62,947 7,500
Resources expended (35,814) -
At 31 May 34,633 7,500

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17 Unrestricted Funds

2024 2023
£ £
At 1 June 655,922 92,858
Incoming resources 975,881 1,622,354
Resources expended (1,039,070) (1,059,290)
At 31 May 592,733 655,922
18
Analysis of net assets between funds
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
~~———~~
At 31 May 2024
Tangible assets
521,157
15,930
537,087
Current assets/(liabilities)
71,576
18,703
90,279
592,733
34,633
627,366
~~——~~
At 31 May 2023
Tangible assets
505,753
-
505,753
Current assets/(liabilities)
150,169
7,500
157,669
655,922
7,500
663,422
~~———~~
19
Retirement Benefit Schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

20
Related Party Transactions
2024
2023
£
£
~~ee~~
Remuneration of key management personnel:
Aggregate compensation 59,632 44,644

No Trustee received any remuneration during the year. During the year the Trustees were reimbursed £2,780 (2023: £1,053) relating to support costs (mileage expenses).

Some family members of the CEO are employed by the charity and received remuneration of £52,694 (2023:
£47,770) through PAYE as shown below.
2024
2023
Power by which the payment is permitted
£
£
Kevin Fitzmaurice
Employed by Trustees
33,622
31,490
Victoria Fitzmaurice
Employed by Trustees
19,072
16,280
~~——————~~
Other than the above, no trustee or other person related to the charity had any interest in any contract or
transaction entered into by the charity during the year or the preceding year.

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21 Cash Generated From Operations

2024 2023
£ £
Surplus/(deficit) for the year (36,056) 570,564
Adjustments for:
Depreciation and impairment of tangible fixed assets 9,814 7,267
Movements in working capital:
(Increase)/decrease in debtors 22,050 (514,530)
(Decrease)/increase in creditors 7,473 (4,683)
Cash generated from/(absorbed by) operations 3,281 67,984

“Lennox’s community group has given me and my children something positive to look forward to every month. It’s so nice to be able to talk to other families who understand us, where we can just be ourselves and have a bit of fun together in a nice environment” – Lexi’s mummy

Lennox Children’s Cancer Fund Annual Trustees Report and Accounts Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024 Year Ending 31 May 2024

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We are here to support you and your family through childhood cancer

If you or your family are struggling with the emotional, practical or financial side-effects of childhood cancer, please contact our friendly and caring family support team today.

Find out more

Website: www.lennoxccf.org.uk

Contact us

Telephone: 01708 734366 Email: info@lennoxccf.org.uk Address: 26 Hemmells, Laindon, Basildon, Essex SS15 6ED

Find us on social media

facebook.com/LennoxChildrensCancerFund

instagram.com/lennoxccf

youtube.com/channel/UCxs4ZZJDtRQoULOigmfqHRQ

twitter.com/LennoxCCF

linkedin.com/company/lennox-childrens-cancer-fund

44 of 44 ~~a~~

Lennox Children’s Cancer Fund Annual Trustees’ Report and Accounts Year Ending 31 May 2024