CHERRY LODGE CANCER CARE LIMITED TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Registered Charity number 1011629 Company number 2700192
CHERRY LODGE CANCER CARE LIMITED TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS Pages Reference and Administrative Details Trustees, Report 2-10 Independent Auditorfs Report 11-13 Statement of Financial Activities 14 Balance Sheet 15 Statement of Cash Flows 16 Notes to the Accounts 17-25
CHERRY LODGE CANCER CARE LIMITED REFERENCE AND ADMINISTRATIVE DEfAILS Charity number: 1011629 Company number: 2700192 Registered office: 23 Union Street Howard House Barnet Hertfordshire EN5 4HY Trustees.. Sarah Armitage (Co-chair) Catherine Braddish Dr Katherine Edwards {Co-Chair} Graeme Gibson (Assistant Hon. Treasurer) Carole Manning (Hon. Treasurer) Carol Mccalla Ruth Midgley (Web editor) Auditor: Geary Partnership Chartered Accountants 159a Chase Side Enfield Middlesex EN2 OPW
CHERRY LODGE CANCER CARE LIMITED TRUSTEES, REPORT (incorporating DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees (who are also Directors of the Charity for the purposes of the Companies Act) present their annual report together with the accounts of Cherry Lodge Cancer Care Limited for the year ended 31 December 2023. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the Charity's deed of trust, the Companies Act 2006, the statutory requirements of the Company's governing document, and the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard 102 {1 January 2019). Mission Statement Cherry Lodge Cancer Care exists to enhance and complement the treatment offered to individuals living with cancer, their carers, family and friends, within the London Borough of Barnet and South Hertfordshire. The Charity was established by a group of health care professionals and others with personal experience of cancer. The objective of the Charity is to offer care and comfort to those on their cancer journey by providing easy access to specialist information and support along Wlth complementary therapies. The aim is to help improve quality of life, promote well-being and encourage a strong resolve for self-help. The service is designed to be person-centred, non-judgemental and available to all in need, on request, completely free of charge for as long as it is needed. Structure, governance and management The Charity is constituted under a deed of trust which was adopted on 9 March 1992. The Charity is a company limited by guarantee as defined by the Companies Act 2006, and is governed by its Memorandum and Articles of Association. The power of appointing and removing Trustees, who are also Directors of the Company, is vested in the members of the Company. The Trustees have the power at any time to appoint any person to be a Trustee either to fill a casual vacancy or as an additional Trustee. However, the total number of Trustees must not exceed a maximum number fixed in accordance with its Articles of Association. Any Trustee appointed shall hold office only until the next Annual General Meeting when they will be eligible for re-election. The Trustees who served during the year and up to the date of this report were.. Sarah Armitage (Co-chair) Catherine Braddish Dr Margaret Clark (former Chair) (resigned 31 December 20231 Dr Katherine Edwards (Co-chair) Graeme Gibson {AsSlStant Hon. Treasurer) Carol Mccalla (appointed 14 March 20231 Carole Manning {Hon. Treasurer) Ruth Midgley (Web editor) Grant Whitaker {resigned 19 March 2024)
CHERRY LODGE CANCER CARE UMITED TRUSTEES, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023 Structure• governance and management. continued All Trustees give their time voluntarily and receive no remuneration or other benefits from the Charity. None of the Trustees have any beneficial interest in the Company. All of the Trustees are members of the Company and guarantee to contribute £1 in the event of a winding up. The Trustees have assessed the major risks to which the Charity is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. In planning activities for the year the Trustees have kept in mind the Charity Commission's guidance on public benefit. As outlined in the Mission Statement, the provision of support and information, complementing the treatment and care received from the NHS and other agencies, is the major objective. Staff Members Patrons Medical Patrons Olivia Bannon (Cherry Lodge Nurse) Janet Doyle-Blunden Alessia Biciocchi Icounsellorl Mr Muhammed Al-Dubaisi Lady Pamela Kalms, OBE Susan Brady (Shop Manager) Dr Philippa Curran Dame Helen Mirren Annys Douglas (Assistant Shop Dr Sian Davies Aubrey Rose, CBE Manager) Dr Rob Glynne-jones Julia Somerville Nisha Jain (Financial and Fund- Dr Andy Nicol raising Assistant) The Right Hon. Theresa Villiers MP Professor Hilary Thomas Fiona Kiddle (Macmillan Cancer Professor Stephen West Information Nurse) Dr Robert Winter Kirsty Mabb (Macmillan Cancer Outreach Information Nurse) Sheila Mundy (Shop Assistant) Tina Papasavva (Charity Admin- istrator and Fundraising Events Co-ordinator) Linda Patrick {Operations Manager, from October) Sarah Quilley (Temporary Assistant Manager, sickness cover) Yvonne Shield (Macmillan Home Visiting Service and Volunteer Co-ordinator) Lorraine Takaira (Cancer Inform- ation and Support Secretary to the Nurses}
CHERRY LODGE CANCER CARE LIMITED TRUSTEES, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023 Objective5 and activities The diagnosis of cancer can be devastating and often our members (the people who use our services) need support and information and someone else to talk to other than the hospital specialists about their treatment. Some members may just need an initial conversation with one of our nurses while others may want to follow up their visits with therapies, activities or group sessions at the Centre. There is a huge boost for a newly diagnosed person to meet someone who is now living a normal active life after being supported by the team at Cherry Lodge. Throughout 2023 we were again able to see members face to face, to continue offering walk and talk and telephone consultations, and to provide sessions with therapists at the Centre. Many of the staff have been able to combine working from home with working at the Centre, now fully opened for visltors. We have a very effective support team, made up of staff, volunteers and therapists, which provides services to meet members, needs. There is also a fundraising team and the Cherry Lodge shop in Church Passage, Barnet, which are both very important as we receive no public funding. Monies are raised via the annual Chairfs appeal, legacies, events by others and event5 organised by the fundraising team. We are also supported by a local breakfast club and the Summer Soulstice along with so many other events by others. We could not offer what we do for our members without the amazing team of volunteers who give up their time for free to work at the Centre, in the shop, at fundraising events, as therapists and befrienders, and in other important ways. The Trustees {als0 volunteers) oversee the running of the Charity. The Board was led until the end of 2023 by our founder, Dr Margaret Clark, who resigned as a Trustee and Chair of Cherry Lodge Cancer Care after 28 years. We all value the inspiration and support she has given to the charity over so many years. She leaves us with a great legacy for the future care of members living with cancer. Achievements and performance Cherry Lodge Cancer Care continues to provide a highly respected information and support service for people at all stages of their cancer journey, from diagnosis onwards. We work alongside the clinical care of the NHS, providing up to date medical information and offering a wide range of complementary therapies and activities. Our services, for new and long-term members, are particularly important in what are diff icult times for many people. After the challenges of Covid, we were very pleased to reopen our Centre fully in 2023. Although telephone appointments are still available, increasing numbers of members now attend the Centre, which is what we are here for. In 2023, 189 new people met with one of our nurses for assessment, with 149 of them registering to become members to take advantage of our various services in the longer term. 'Walk and Talk, meetings175} were held as an alternative to meeting with a nurse at the Centre. Among the 40 people who chose not to register were individuals signposted to access services provided by other, specific organisations. The delivery of in-house therapies in 2023 was still below pre-covid levels but new therapists were taken on and volume increased. Appointment numbers for key therapies are included here in brackets: Acupuncture 1879},. Counselling/Hypnotherapy 14521,. Massage 1780},' Reiki {185},. Reflexology 14501. There were also sessions (via Zoom or off-site} of Pilates134), Seated Yoga1371, Circle Dancing, Laughter Wellness, and Sound Healing112).
CHERRY LODGE CANCER CARE LIMITED TRUSTEES, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and performance, continued Mindfulness courses were held via Zoom14 x 6 weeks) and then, in October, in person at the Centre11 x 6 weeks). Groups for people with Specific cancers met initially via Zoom and later in the year sometimes in person: Lymphona group {31, Men's group131, Ovarian support group141, Moving on group {11). The Carers, support group met via Zoom throughout the year112). Our Outreach Services also took a hard hit during Covid, when many community centres were forced to close. This area of our work, serving Barneys most vulnerable population groups, also saw the beginnings of a recovery in 2023, with 524 sessions with the nurse and 330 acupuncture appointments. Cherry Lodge Stories, 2023 For this Annual Report, we have invited members of the Cherry Lodge family to write their own stories of 2023. By describing their various roles, they provide a useful insight into our Charity's many activities. Fiono Kiddle I have been the Macmillan Cancer Information Nurse here at Cherry Lodge for 23 years. l am primarily responsible for any of our members coming to Cherry Lodge, including new member assessments, answering telephone enquiries about cancer, and providing continued follow-up and support for those who have accessed the Centre. l oversee the provision of services provided at Cherry Lodge, particularly our counselling and complementary therapies. I work closely with the Cherry Lodge Macmillan Outreach Nurse, the Cherry Lodge Nurse, the Befriending and Volunteer Manager, and the Information and Support Secretary. Together we work as a team aiming to provide high quality services and care to our members. Over the years, the role has changed as the cancer world has evolved further. Diagnostic pathways have become more complex and treatments more intense, with extended treatment plans that have a greater impact on our members, social, physical and psychological wellbeing. NHS services are stretched, which has put a greater demand on the need for the follow-up and supportive services that we endeavour to provide. Kirsty Mabb In my role as Cherry Lodge Macmillan Outreach Nurse, I focus my work to the west of the borough, where I hold drop-in sessions in community centres, where no appointment is needed for people living in the Cricklewood, West Hendon, Colindale and Burnt Oak areas. I see people who need to discuss their cancer diagnoses, treatments and choices, and also those who need support beyond, or as a result of, cancer treatment. l invite people to attend/register with Cherry Lodge if they W15h; but I manage many of them closer to their homes. l also see "worried well" people with symptoms that could be suggestive of a cancer, and l escalate these to the GP immediately. I try to ensure that people are conversant with cancer symptoms and are taking up their cancer screening.
CHERRY LODGE CANCER CARE LIMITED TRusfEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023 Cherry Lodge Stories, 2023, continued Kirsty Mabb, continued Additionally, I co-ordinate the weekly outreach acupuncture service, which is provided by Dr Kiran Gargesh at Barnet Multicultural Centre. This is an invaluable service for people currently going through cancer treatment, which stops them having to travel to the Cherry Lodge Centre. l also arrange occasional workshops and speakers for the target audience, which are always well-attended. Once a month I facilitate an evening support group ICornflower} in Burnt Oak, and arrange therapists and activities for the participants. I do a limited number of home visits for people whose conditions may have deteriorated and link them in to community services. When not doing outreach, l am at the Cherry Lodge Centre in Barnet, seeing new and existing members, helping with the day to day running of the service, doing reviews and supervision meetings with therapists and counsellors, and generally being a nuisance. No two days are ever the same! Tina Papa5avvo l am the Fundraising Events Organiser/Charity Administrator and have been in the role for many years, during which time I have built up a network of loyal supporters. Because our Charity does not receive any government funding, fundraising is a vital strand to the continuation of Cherry Lodge. I have a very supportive and devoted fundraising team assisting me every step of the way. Two new annual events were introduced in 2023: the Easter Walk and Stall and a Sponsored Swim, which included members, volunteers and the local community. 2023 was a very active year for the team working on seasonal events. These included Cherry Lodge's Lights of Love, Christmas Fair and Pink Tombola, bringing us all together at special times. Sponsored events also flourished in 2023 thank you to everyone who took part and for the sponsorship received. Cherry Lodge runners in the 2023 London Marathon raised a very impressive £15,000. Cherry Lodge is honoured to have supporters putting on third-party events for us throughout the year and is extremely grateful for all the support we receive from local businesses. Money raised by Barnet's award- winning Summer Soulstice festival funds our Outreach Nurse and sponsorship of the van. It is great for Cherry Lodge representatives to be present and volunteer on the actual day and be part of the Soul Family which we so appreciate. We send thanks to friends and families of Cherry Lodge, who attend events, donate much needed prizes and buy raffle tickets. Generous donations were made in response to the Chair's Appeal, with others given in memory of loved ones or simply to show appreciation of Cherry Lodge services. We are grateful to the ongoing support of our MP, Theresa Villiers. All the above help us to do what we do best, supporting those on the cancer journey.
CHERRY LODGE CANCER CARE LIMITED TRUSTEES, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023 Cherry Lodge Stories. 2023, continued Yvonne Shield My role at Cherry Lodge includes managing the Home Visiting (Befriending) service, attending the off-site Drop-in group, and working as Volunteer Co-ordinator. Befriending- This service supports people who are lonely or whose family might wish them to receive additional visits. Our volunteer befrienders provide a flexible service, seeing people at home, in a nursing home or in hospital. Since the pandemic, we have continued to include telephone contact but the service is primarily face to face. During 2023, befrienders visited 18 people once a week (with a commitment to do so for 18 months). There are regular team meetings four times a year and contact/supervision, attended by all befrienders, is given on a regular bas1S. Drop-in: The group relocated during 2023 to Christ Church, St Albans Road, EN5 4AL. At least 11 people attend every week and sometimes it can go up to 15. Many people arrive for coffee at 10.15am and remain there for lunch l As well as introducing new members to the group, I pass on messages to keep the nurses up to date with the medical status of members. l also ensure attendees are up to date with Cherry Lodge news and are given the opportunity to attend events and talks. Volunteers: New volunteers with a wide range of skills were recruited in 2023. DBS checks are carried out on all volunteers and training is offered to everyone according to their role. Two induction sessions were held during the year. We currently have 113 volunteers of all ages, races and abilities, who help in many different ways. Volunteer roles include administration, reception, being a member of the fundraising committee, helping at events, providing therapies or counselli ng, befriending, driving, gardening, serving as a trustee, and of course working in our charity shop. 2023 saw the introduction of a new initiative: recruiting volunteers to drive people to medical appointments or to the Cherry Lodge Centre. This has proved very useful as many people cannot access public transport. Charlotte Bolozs I have been a volunteer at Cherry Lodge since May 2017, primarily working as a receptionist at Howard House. I moved to High Barnet when I retired and was determined to become immersed in my new community. I live at New Ground Cohousing Community in Union Street and, in early 2017, Yvonne Shield visited us hoping to find new volunteers. The rest is, so to speak, history! I currently work on Thursdays when most members visit for acupuncture with Dr Kiran Gargesh as well a5 for reiki and reflexology with other therapists. Working a regular day, I get to know members and they, in turn, get to see the same face when they arrive at the front door. l am conscious that as a receptionist l am frequently the first person members encounter and it is so important to make them feel welcome and in a safe space. Offering a cup of tea is a good ice breaker. In 2023 1 arranged for BBC Radio London journalist Anna O'Neill to interview me at Howard House about my role as a Cherry Lodge volunteer- invaluable publicityl It's an absolute privilege to be a Cherry Lodge volunteer as well as great fun. I cannot imagine not being a Cherry Lodge volunteer.
CHERRY LODGE CANCER CARE LIMITED TRUSTEES, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023 The Cherry Lodge shop The shop has always been very important to the Charity as it gives us a presence on the High Street in Barnet and makes us feel part of the local community. We receive many good donations and have a very loyal team of volunteers and staff who work hard in the shop. The unit is small and can sometimes be overwhelmed with donations, making it necessary for us to close the shop temporarily for them to be sorted - people are advised to phone in advance. Trading has also sometimes been interrupted by building work issues. We successfully renewed the shop lease in July 2023 for a term of seven years, with a break option after four years. Financial review The trustees report a surplus for the year of £46,857 compared with a surplus of £445,887 in the previous year. Total income for the year was £465,135 compared with £906,310 in the previous year, the reduction being largely due to legacies. Legacies of £591,338 were received in 2022, £180,125 in 2023. Total expenditure for the year increased from £377,797 to £449,252. The increase is largely accounted for by the costs of additional staff whose employment is made possible by the very generous legacies. The Charity held bank and cash balances of £614,854 {2022 £880,784) and readily-realisable investments of £885,618 12022 £604,644) at 31 December 2023. Of these amounts, approximately one-third has been designated by the Trustees for specific purposes to secure the present operations of Cherry Lodge for the foreseeable future. Reserves policy Cherry Lodge continues to operate in a competitive market for raising funds whether it is from events, retail outlets or general donations. The Trustees have carefully considered the risk factors with regard to future income generation, and have agreed that the charity should continue to hold £400,000 in reserves to cover a 12 month period of running costs. This ensures that in the event of a reduction in income or an unexpected expense, the charity can protect its much needed services, whilst sourcing alternative funding streams. An additional £156,735 is set aside for the uses detailed in note 9 to the accounts. Trustees have agreed that the most appropriate policy at present is to maintain all such funds in the form of bank deposits and readily realisable investments. The reserves policy is monitored throughout the year. Trustees are continually reassessing the services and facilities of the charity and looking to its long-term future, both in terms of financial stability and service provision.
CHERRY LODGE CANCER CARE LIMITED TRUSTEES, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023 The future We will review our aims, objectives and activities each year. We will look at what we have achieved and review the benefits we have brought to our members. This will help us plan our future activities. In future planning, the Trustees are minded of the Charity Commission's guidance on public benefit as outlined in our Mission Statement. Our aim is to plan and offer services based upon our members, needs as we support them, complementing the treatment they are receiving from the NHS or other agencies. We will always provide our support services for free. The Trustees, staff and Operations Manager are mindful of the cost of living crisis affecting all members of our community and that a cancer diagnosis can have a huge impact upon this. Individuals, wellbeing and mental health are also affected so we are looking to increase counselling and therapies to support wellbeing. We aim to consult with other cancer charities and with our members to see what new services we can offer and bring our services back to, or beyond, what we were offering before Covid restrictions closed down many activities. We continue to develop our web51te, www.cherrylodgecancercare.org.uk, to inform people of the services we provide and news and articles about our events. We send a huge thank you to all who support, fund, volunteer and bring their individual style to the family of Cherry Lodge Cancer Care. Statement of Trustees, responsibilities The Trustees, who are Directors for the purposes of company law, are responsible for preparing the annual report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing those financial statements, the Trustees are required to.. select suitable accounting policies and apply them consistently; observe the methods and principles of the Charities Statement of Recommended Practice; make judgments and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
CHERRY LODGE CANCER CARE LIMITED TRusfEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of Trustees, responsibilities, continued The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the account5 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditors The Trustees have confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The Trustees declare that they have approved the Annual Report. Signed on behalf of the Board of Trustees by: Sar rmitage (Co-chair) Date: 25 June 2024 io
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF CHERRY LODGE CANCER CARE LIMITED Opinion We have audited the financial statements of Cherry Lodge Cancer Care Limited for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of 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 FinanciGI Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirement5 of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UKIIISAs{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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethica I 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 charitable company'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 Trustees, Report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the Trustees, Report. Our opinion on the financial statements does not cover the other information and, except to the extent otheise explicitly stated in our report, 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 knowledEe obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material li
Independent Auditorfs Report to the members of Cherry Lodge Cancer Care Limited, continued Other information, continued inconsistencies or apparent material misstatement5, we are required to determine whether there is 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. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees, Report lincorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of directors, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit,. or the Trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the directors, report. Responsibilities of Trustees As explained more fully in the Statement of Trustees, Responsibilities set out on pages 9 and 10, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied 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 charitable company's ability to continue as a going concern, disclosi ng, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements 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 12
Independent Auditorfs Report to the members of Cherry Lodge Cancer Care Limited, continued Auditor's responsibilities for the audit of the financial statements, continued 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. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed in the following paragraph. Procedures capable of detecting irregularities performed during our audit included.. tests to ensure all bank transactions have been accounted for and bank balances reconciled; examination of donor correspondence, website descriptions of fund-raising events and initiatives, shop till records and returns, gift aid records, and investment managers, statements, to ensure that income is fully recorded; verification of legitimacy of expenditure by reference to invoices, statements, payroll records and correspondence; examination of title records to ensure a55et5 have not been misappropriated; tests of analysis to satisfy ourselves that ledger balances are reasonable and in line with expectations. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements Is provided on the Financial Reporting Council's website at www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities- for-the-audit-of-the-fi/description-of-the-auditorYoE2Yo80%99s-responsibilitie5-for. This description forms part of our auditorfs report. Use of our report This report is made solely to the charitable companVs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable companVs members 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinion we have formed. Andrew G ry BSC FCA Senior Statutory Auditor for and on behalf of: Geary Partnership Statutory Auditor and Chartered Accountants 159a Chase Side, Enfield, EN2 OPW Date: 25 June 2024 13
CHERRY LODGE CANCER CARE LIMITED STATEMENT OF FINANCIAL AcfiviTIES (incorporating INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 DECEMBER 2023 Total funds 2023 Total funds 2022 Unrestricted Designated Restrirted funds funds funds Notes INCOME AND EXPENDITURE Income from: Donations and legacies Charitable activities Other trading activities Investments 49,781 92,538 93,240 4,576 175,000 50,000 224,781 142,538 93,240 4,576 669,242 143,013 93,484 571 Total income 240,135 225,OCrf) 465,135 906,310 Expenditure on: Raising funds Charitable activities 150,813 226,668 1,671 70,100 152,484 296,768 133,421 244,376 Total expenditure 377,481 71,771 449,252 377,797 Net income/(expenditure) before net gains/(losses} on investments {137,3461 153,229 15,883 528,513 Net gains/llossesl on investments 30,974 30,974 182,626} Net income/lexpenditure) 1106,372) 153,229 46,857 445,887 Transfers between funds Other recognised gains/(losses) Net movement in funds 1106,3721 153,229 46,857 445,887 RECONCILIATION OF FUNDS Total funds brought forward at l January 2023 1,804,053 556.735 89,006 2,449,794 2,003,907 Total funds carried forward at 31 December 2023 1,697,681 556,735 242,235 2,496,651 2,449,794 14
CHERRY LODGE CANCER CARE LIMITED BALANCE SHEET AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets Investments 996.956 885,618 991,407 604,644 1,882,574 Current assets Stock Debtors Cash at bank and in hand 1,596,051 1,000 33,923 614,854 1,000 13,700 880,784 649,777 Creditors: amounts falling due within one year 895,484 135,7001 141,741) Net current assets 614,077 853,743 Total assets less current liabilities 2,496,651 2,449,794 Net assets 2,496,651 2,449,794 Funds Unrestricted funds.. General fund Designated fund5 Revaluation reserve Investment fair value reserve 1,097.858 556,735 597,803 2,020 1,229,225 556,735 603,782 128,9541 2,254,416 242,235 Restritted funds 2,360,788 89,006 2,496,651 2,449,794 Approved by the Board of Trustees on 25 June 2024 and signed on their behalf by: Sarah Armitage Trustee Carole Manning Trustee Company number.. 2700192 15
CHERRY LODGE CANCER CARE LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Net cash generated by/(used in) operating activities li 1,491 548,535 Cash flows from investing artivities: Proceeds from sale of fixed assets Purchase of fixed assets Purchase of investments 7,000 124,4211 {250,000) Net cash (used inl investing activities 1267.4211 Net (decrease)/increase in cash and cash equivalents 1265,9301 548,535 Cash and cash equivalents at beginning of year 880,784 332,249 Cash and cash equivalents at end of year 614,854 880,784 Reconciliation to cash at bank and in hand Cash at bank and in hand Cash equivalents 614,854 880,784 Cash and cash equivalents 614,854 880,784 16
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I ACCOUNTING POLICIES a) Basis of preparation of accounts The Charity is a public benefit entity. Its accounts have been prepared under the historical cost convention as modified by the revaluation of land and buildings and investments, and in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice, (Charities SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191, and the Companies Act 2006. b) Income Income is included in the Statement of Financial Activities when the Charity is legally entitled to the income, its receipt is probable, and the amount can be quantified with reasonable accuracy. Grants received are accounted for once conditions for receipt have been complied with. Where there are no conditions, grants are accounted for when due. Legacies are accounted for when the conditions of probability of receipt, measurement and entitlement have been met. c} Expenditure Expenditure is accounted for on an accruals basis. Costs are allocated between the expenditure categories of the Statement of Financial Activities 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. Expenditure on raising funds comprises the costs associated with fundraising and the costs of trading activities. Expenditure on charitable activities comprises all expenditure incurred directly in pursuance of the Charity's charitable objectives. Governance costs are those costs incurred in connettion with administration of the Charity in respect of compliance with constitutional and statutory requirements. d) Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Gains or losses arising on revaluation are taken to a revaluation reserve. Depreciation is provided at rates calculated to reduce the value of each asset to its estimated residual value over it5 expected useful life, as follows.. Freehold land- not depreciated Freehold buildings- 2% straight line Motor vehicles- 200A on reducing balance Computer equipment- 20% on reducing balance Fixtures, fittings and equipment- 20¥0 on reducing balance 17
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 I ACCOUNTING POLICIES, continued e) Investments Listed investments are stated at market value at the balance sheet date. Gains or1055es on revaluation during the year are reflected through the statement of financial activities and the fair value reserve. fj Stock Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. g) Financial instruments A financial asset or a financial liability 15 recognised only when the Charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, when it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. h) Lease rentsls Operating lease rentals, where substantially all of the risks and rewards of ownership remain with the lessor, are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. i) Pensions The Charity operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Charity. The annual contributions are charged to the Statement of Financial Activities as they fall due. j) Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. The revaluation resenie is part of unrestricted funds. Designated funds are set aside out of unrestricted funds by the Trustees for specific purposes. Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in note 9 to the accounts. k) Taxation The Charity is exempt from corporation tax on its charitable activities. 18
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 2 INCOME Unrestrirted Designated Restricted Funds funds funds Total 2023 Total 2022 Donation5 and legacies Donations Legacies Gift Aid tax rebate 15,883 5,125 28,773 15,883 180,125 28,773 46,745 591,338 31,159 175,000 49.781 175,000 224,781 669,242 Charitable activities Fundraising events 92,538 50,000 142,538 143,013 Other trading activities Shop income and merchandising 93,240 93,240 93,484 Investments Interest and dividends receivable 4,576 4,576 571 3 EXPENDITURE Unrestricted Designated Restricted Funds funds funds Total 2023 Total 2022 Raising funds Costs of fundraising Shop costs 58,364 92,449 58,364 94,120 50.557 82,864 1,671 150,813 1,671 152.484 133,421 Charitable activities Home visits and outreach Information and support Therapies and patient care Governance costs {including auditor's remuneration £3,420 (2022 - £3,300) 49.724 52,603 118,017 44,743 94.467 52,603 143,374 88,687 40,902 111,487 25,357 6,324 6,324 3,300 226,668 70,100 296,768 244,376 Non-audit fees paid to the auditor for other professional setvices provided amounted to £1,852 {2022- £1,507) The rent charge for the year in respect of the operating lease referred to in note 12 below amounted to £26,346 {2022 - £24,000). 19
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 3 EXPENDITURE. continued Included in expenditure above are support costs analysed as follows: Staff Property Office Gover- Costs running costs nance Total 2023 Total 2022 Other Raising funds Charitable activities 82,402 44,819 44,273 36.058 30,382 3,515 130,736 3,420 11,588 125,721 129,742 63,709 126,675 80,877 30,382 3,420 15,103 256,457 193,451 4 STAFF AND TRUSTEES 2023 2022 Staff costs: Wages and salaries Social security costs Pension costs 247,567 15,622 12,129 212,599 14,346 9,874 275,318 236,819 The average number of employees during the year was 12 (2022- 9}. There were no employees whose annual remuneration was £60,000 or more {2022- none). None of the Trustees, or any persons connected with them, received any remuneration during the year12022 £nill. There were no Trustees, expenses paid for the year12022 - £nil). 20
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 5 TANGIBLE FIXED ASSErs Land and buildings Computer equipment Motor Fixt.,fittings & vehicles & equipment Total C05t/valuation At l January 2023 Additions at cost Disposals 1,000.000 31,468 5,548 7,779 18,133 17,7791 10.524 740 1,049,771 24,421 17,7791 At 31 December 2023 1,000,000 37,016 18,133 11,264 1,066,413 Depreciation At l January 2023 Charge for the year Eliminated on disposals 12,000 12,000 29,899 1,424 6,147 3,626 16,147} 10,318 190 58,364 17,240 16,1471 At 31 December 2023 24,000 31,323 3,626 10,508 69,457 Net book value At 31 December 2023 976,000 5,693 14,507 756 996,956 At 31 December 2022 988,000 1,569 1,632 206 991,407 The Charivs freehold premises at 23 Union Street, Barnet were revalued by the Trustees at £1,000,000 at 31 December 2021. The net surplus of £430,508 on revaluation was taken to the revaluation reserve. The premises were last valued professionally on an open market basis at £500,000 by the Bowen Partnership, a firm of independent chartered surveyors, in 2013. The historical cost of land and buildings at 31 December 2023 was £456,912 {2022 - £456,912}. The land and buildings depreciation charge for the year on a historical cost basis would be £6,02112022 £6,021), and the net book value of land and buildings at 31 December 2023 on a historical cost basis would be £444,870 {2022 £450,891). Land and buildings includes land valued at £500,000 (2022- £500,000) which is not depreciated. 21
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS. continued FOR THE YEAR ENDED 31 DECEMBER 2023 6 INVESTMENTS 2023 2022 Listed investments and deposits: Market value at beginning of year Investments purchased in year, at cost Net gain/{loss} on revaluation at year-end 604,644 250,000 30,974 687,270 182,6261 Market value at end of year 885,618 604,644 Historical cost at end of year 883,598 633,598 7 DEBTORS 2023 2022 Prepayments and accrued income Other debtors 13,367 20,556 2,846 10,854 33,923 13,700 8 CREDITORS: Amounts falling due within one year 2023 2022 Accruals and other creditors 35,700 41,741 22
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 9 STATEMENT OF FUNDS Brought FonNard Incoming resources Resources expended Transfers in/lout) Carried forward Unrestricted funds Genemlfund 1,229,225 240,135 (377,481} 5,979 1.097,858 Revaluation reserye 603,782 15,979) 597,803 Foir value reserve 128,9541 30,974 2,020 Designotedfvnds.. Refurbishment Fund Office Space Shop Upgrade Outreach Recruitment Development of Fundraising Marketing and Advertising Meeting of annual costs Sunflower Group 22,110 30.000 15,000 40,000 10,000 25,000 5,000 400,000 9,625 22,110 30,000 15,000 40,000 10,000 25,000 5,000 400,000 9,625 556,735 556,735 The funds of the Charity include the following designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes: Refurbishment Fund- for the refurbishment of the CharitV5 premises at Howard House, 23 Union Street, Barnet. The Trustees have acknowledged that the Charitys premises are in need of upgrading to ensure the environment for members and staff remains at a high standard. Office Space - Despite the refurbishment of Howard House, it has been agreed that additional office space is still required. This level of funding should meet all expenses this is likely to entail, including any possible refurbishment. Shop Upgrade- This expenditure will enable the Charity's retail outlet to meet the ever growing competition and the shop provides the highest standards for its shop staff, volunteers and customers. Outreach - £40,000 has been designated to fund the possible expansion of our outreach programme as well as the recruitment of an additional cancer information nurse. Recruitment- Staff capacity will be regularly monitored and this account will meet any recruitment expenses for both current posts and additional new appointments. Development of Fundraising- A root and branch review of all aspects of fundraising is to be undertaken to assist in the Charity obtaining long-term financial stability. This fund will enable Trustees to meet the costs of appointing a consultant to support them throughout the review period. 23
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 9 STATEMENT OF FUNDS, continued Marketing and Advertising- to enable the marketing of not only the Charity, but our events and shops, to be done to the highest standard. The fund will also cover any possible changes to our website and newsletter. Meeting of annual costs When considering all the risk factors, Trustees have agreed the Charity should hold £400,000 in reserves to cover a 12 month period of running costs. This will ensure that in the event of a reduction in income or an unexpected expense, the Charity can protect its much needed services, whilst sourcing alternative funding streams. Sunflower Group-funds set aside for a satellite cancer support group operating in Burnt Oak. Brought Forward Incoming resource5 Resources expended Transfers in/lout) Carried forward Restricted funds Summer Soulstice Visual Healingand Sound Therapies Girlies Raising Hope Lloyds Exercise Classes Outreach Edith Senett legacy 4,747 50,000 {46,414} 8,333 5,000 11,387 2,872 15,000 50,000 5,000 11,387 2,872 15,000 199,643 175,000 (25,3571 89,006 225,000 {71,771} 242,235 The funds of the Charity include the following restricted funds comprising unexpended balances of donations and grants held on trust for specific purposes: Summer Soulstice a fund made by the annual Summer Soulstice event to sponsor the Charity's van and to contribute to the salary of an Outreach Nurse. Visual Healing and Sound Therapies Charity members. a fund for the introduction of visual and sound therapies to benefit the Girlies Raising Hope a fund for the acquisition and preparation of body product packs as a welcome gift to members undertaking therapies. These packs are tailored to the treatment being undertaken by each member. Lloyds Exercise Classes- a fund for the setting up of exercise classes for the Charity members. Outreach- a fund for the expansion of our outreach programme. Edith Senett Legacy- a fund to contribute toward the salaries of three staff members. 24
CHERRY LODGE CANCER CARE LIMITED NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2023 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS General Designated Restricted Revaluation fund funds funds reserve Fair value reserve Total funds Tangible fixed assets Investments Current assets Creditor5 due within one year 399,153 326,863 407,542 (35,7001 597,803 996,956 885,618 649,777 {35,7001 556,735 2,020 242,235 1,097.858 556,735 242,235 597,803 2,020 2.496,651 11 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 2023 2022 Net income a5 shown on the Statement of Financial Activities Adjustments for.. Depreciation (Profit) on sale of fixed assets Net {gainsl/losses on investments {Increaseldecrease in debtors IDecreasel/increase in creditors 46,857 445,887 17,240 (5,368) 130,974} {20.2231 16,0411 12,851 82,626 985 6,186 Net cash generated by operating activities 1,491 548,535 12 COMMITMENTS UNDER OPERATING LEASES At the balance sheet date, the Charity had annual commitments under non-cancellable operating leases as follows: Land and buildings 2023 2022 Expiry date: Within one year After more than five years 24,000 29,789 13 AUDITORS, EfHICAL sfANDARDS In common with many charities of our size and nature, we use our auditor5 to assist with the preparation of the accounts, as allowed under the FRC Ethical Standard 'Provisions Available for Audits of Small Entities,. 25