CHERRY LODGE CANCER CARE UMITED
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER Z024
Registered Charlty number
1011629
Company number
2700192
¥AEAZH￿dI*
1310912025
COMPANIES HOUSE
A09
#193

CHERRY LODGE CANCER CARE LIMITED
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 310ECEMBER 2024
CONTENTS
Pa8es
Reference and Administrative Detalls
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 UMITED
REFERENCE AND ADMINISTRATIVE DEfAILS
Charity number:
1011629
Company number:
2700192
Reglstered office:
23 Union Street
Howard House
Barnet
Hertfordshire
EN5 4HY
Trustees:
Sarah Armitage (Co-chair)
Catherine Braddish
Dr Katherine Edwards Ico-chalr)
Graeme Gibson (Assistant Hon. Treasurer)
Carole Manning (Hon. Treasurer)
Carol Mccalla
Ruth Midgley Iweb editor)
Audltor:
Geary Partnershlp
Chartered Accountants
159a Chase Side
Enfield
Middlesex
EN20PW

CHERRY LODGE CANCER CARE UMITED
TRUSTEES, REPORT
(Incorporating DIRECTORS, REPORn
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees (who are also Director5 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 2024.
The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts
and comply with the Charivs deed of trust, the Companies Act 2006, the statutory requirements of the
Company's governing docurnent, and the provisions of the Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with Financial Reporting Standard 10211 January 2019}.
Mission Statement
Cherry Lodge Cancer Care exlsts to enhance and complement the treatment offered to indlviduals 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 acces5 to specialist information and support along with complementary therapies. The aim is to help
improve quality of life, promote well-bein8 and encourage a strong resolve for self-help.
The seniice 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.
Structurei governance and mana8ement
The Charlty is constituted under a deed of trust which was adopted on 9 March 1992. The Charity is a company
limlted 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 durlng the year and up to the date of thls report were:
Sarah Armitage (Co-chair)
Catherine Braddi5h
Dr Katherine Edwards {Co-Chair)
Graeme Gibson (Assistant Hon, Treasurer)
Carol Mccalla
Carole Manning (Hon. Treasurer)
Ruth Midgley (Web editor)

CHERRY LODGE CANCER CARE LIMITED
TRUSTEES. REPORT, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
Strurture, 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.
Staff Members
Patrons
Medical Patrons
Olivia Bannon (Cherry Lodge Nurse) Janet Doyle-Blunden
Mr Muhammed Al-Dubaisi
Alessia Biciocchi Icounsellor)
Lady Pamela Kalms, OBE
Dr Phllippa Curran
Susan Brady {Shop Manager, to
Dame Helen Mirren
Dr Sian Davies
March 20241
Aubrey Rose, CBE
Dr Rob Glynne-jones
Annys Douglas (Assistant Shop
Julia Somerville
Dr Andy Nicol
Manager)
The Right Hon. Theresa Villiers MP Professor Hilary Thomas
Nisha Jain {Financial and Fund-
Professor Stephen West
raising Assistant)
Dr Robert Winter
Karen Kirby (Cancer Informatio
Specialist Nurse, from July 2024)
Kirsty Mabb {Macmlllan Cancer
Outreach Information Nurse)
Sheila Mundy (Shop Assistant)
Tina Papasawa (Charity Admin-
istrator and Fundraising Events
Co-ordinator)
Linda Patrick (Operations Manager)
Sarah Quilley (Temporary Assistant
Manager, sickness cover, to
July 20241
Yvonne Shield (Macmillan Home
Visiting Service and Volunteer
Co-ordinator)
Lorraine Takaira (Cancer Inform-
ation and Support Secretary
to the Nurses)
Kim Williams (Shop Manager,
from June 2024)

CHERRY LODGE CANCER CARE LIMITED
TRUSTEES, REPORT, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectlves and artlvltles
Cherry Lodge Cancer Care is an independent charity committed to improving the quality of life for people
affected by cancer.
We work alongside the clinical care of the NHS, with nurse-led services providing specialist information and
support as well as complementary therapies and activities.
Our approach is holistlc, seeking to address the physical, emotional and psychological needs of people at all
stages of their cancer journey. We are also able to support family members, carers and friends,
The people who use our services are known as members (not patients, cllents or service users) and the
atmosphere in our centre, Howard House in Union Street, High Barnet, is warm, welcoming and unhurried, in
contrast to the typical hospital environment. All our services are provided completely free of charge.
We endeavour to address the various and often complex needs of people affected by cancer. Cherry Lod8e
members benefit from talking about their treatment with someone in addition to their hospital specialists.
NHS services are stretched and this has increased the need for the follow-up and supportive seniices we offer.
By providing simple'explanations and offering therapies that help minimise side effects, Cherry Lodge can
improve patient compliance in attending hospital appointments, treatments and investigations.
A diagnosis of cancer can be devastatlng and often causes people to lose confidence. There can also be major
challenges further along an individual's cancer journey. To help people cope through difficult times, Cherry
Lodge has increased its provision of counselling and hypnotherapy appointments, as well as putting on
mindfulne55 sessions and workshops.
To meet speclfic needs we have well-established, nurse-led support groups for people with particular cancers,
and a carers, group.
A further Cherry Lodge objective is to improve well-being through our programme of exercise and leisure
activities. All group activities have the added benefit of giving members an opportunlty to meet people in a
similar situation to themselves or other5 who are now further along their path to recovery. Through regular
attendance, people form friendship groups that provide valuable informal support.
Our Outreach service delivers cancer information and support to people who would find it difficult to visit our
centre in High Barnet. Public transport can be very challenging for people who are unwell, as well as
expensive. Our Outreach nurse holds regular drop-ins in the west of the borough, addressing the health
concerns of people from communities that can sometimes be hard to reach.
Achievements and performance
In planning charitable activities for 2024 the Board of Trustees kept In mind the Charity Commission's guidance
on public benefit. Our major objective, as outlined in the Cherry Lodge Mission Statement, is the provision of
information and support, complementing the treatment and care provided by the NHS and other agencies.

CHERRY LODGE CANCER CARE LIMITED
TRUSTEES, REPORT, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance, continued
Information and support
During 2024, Cherry Lodge continued to provide a wide range of information and support services designed to
meet our members, needs. They are delivered by cancer nurse specialists, by therapists with appropriate
qualifications and Insurance, and by trained volunteers,
Up-to-date details of all our current services can be accessed via the Cherry Lodge Cancer Care website..
www.cherr
lod
ecancercare.or
.uk. This report provides only a brief oveTh*iew of our various services (wlth
attendance figures for 2024 included),
Nurse oppointments
Our cancer information nurses offer initial appointments to prospective new members, as well as follow-up
appointments to address specific concerns. Appointments can be face-to-face, by telephone or via Zoom.
Initial appointments {206}
Follow-up appointments: face-to-face (516); phone (3,306)
Psychological support
To promote emotional well-being, our therapists offer:
Counsellin813351
Hypnotherapy {47)
Mindfulness sesslons1140}
Acupuncture
By medically quallfled physiclans.
Acupuncture sessions (951)
Complementary theropies
These therapies complement orthodox treatment by providing relief and relaxation and stimulating the
immune response. Massage, retlexolo8y and reiki sessions take place at the centre. Group laughter wellness
and sound healing sessions are delivered via Zoom.
Therapeutic massage (76)
Head and neck massage {40)
Reflexology14641
Reikilhealing1205)
Laughter wellness
Sound healing
Support groups
Led by Cherry Lodge nurses, these group meetings are for people with specific needs:
Lymphoma group (159)
Ovarian group116)
Men's group142}
Moving on group (28)
Carers, group190)

CHERRY LODGE CANCER CARE LIMITED
TRUSTEES. REPORT, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance, continued
Home visits by befrienders
Trained befrienders visit members in thelr own homes to offer emotlonal and practlcal support when it Is
difficult to get out.
Befriender vislts1445)
Outreach
Our Outreach nurse, Klr5ty Mabb, will continue to hold regular drop-ins in community centres serving
Cricklewood, West Hendon, Colindale, and Burnt Oak.
Members seen1351)
New people seen {124)
Kirsty also facilitates meetings of the Independent Cornflower Cancer Support Group in Burnt Oak.
Attendances, from March (72)
Group artivities
Cherry Lodge offers a range of enjoyable and beneficial group activities, at our centre, off-site venues and via
Zoom.
Coffee mornings for new member5
These welcoming get togethers are hosted twice monthly by our nurses.
Attendances, from October12S)
Off-site drop-in coffee mornings
Thls is a member-led, drop-in group activity, with weekly meetings at the Open Door Centre In St Albans Road,
Barnet.
Attendances {29)
Knitting group
Monthly meetings at the centre for knitters at any skill level.
Attendances {29)
Exercise closses
These professionally led exercise classes, held off-site or via Zoom, have been adapted to sult our members,
needs.
Plates
Circle-dancing
Yoga
Members, events
The Easter Walk and Talk event brought members together to chat and walk around a l-mile circuit in Oakhill
Park, fundraising for Cherry Lodge through sponsorship.
Participants (301

CHERRY LODGE CANCER CARE LIMITED
TRUSTEES. REPORT. continued
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance. continued
Volunteerlng
Volunteer support is at the heart of Cherry Lodge and t the heart of the services we provide. Without the
commitment of our fantastic volunteers we would not be able to provide all our services free of charge, or
raise enough money to fund them. We are extremely grateful to everyone who gives up their time to help us
follow our mission.
Cherry Lodge volunteers come from many different backgrounds and bring a range of very useful skills. They
are recruited, managed and supported by Yvonne Shield, our Volunteers Co-ordinator, who also Manages
Home Visiting/Befriending. Volunteers are welcomed, DBS checked, attend an induction course and receive
appropriate training.
There were 120 volunteers on our books In 2024, covering a range of different roles. Many volunteers make a
weekly or monthly commitment, some with dual roles. whereas others help on an occasional basis, for
example, at a particular event. Important roles filled by the highest numbers of volunteers were:
Fundraising volunteer {291
Shop volunteer (251
Complementary therapist1221
Receptionist (171
Befriender {15)
It is not always realised that Cherry Lodge trustees are also volunteers. Following the retlrement of our
founder, Dr Margaret Clark, leadership of the Board passed on I" January to co-chairs, Dr Katherine Edwards
and Sarah Armitage. Board members In 2024 had experience in business administration, finance, healthcare,
law, fundraising, medla and design.
Fundraisinq
Cherry Lodge Cancer Care could not survive without the generosity of our many supporters. Without them we
would not be able to provide our much-needed information and support services, all completely free of
charge. We receive no statutory funding. With annual running costs in the region of £470,000 we need to raise
Money in multiple ways. For more details about how you can help, please see our website
www.cher
ecancercar
.or
Donation5
We are delighted to receive one-off or regular donatlons. The Founder's Appeal and our Lights of Love event
are important annual donation opportunities. Numerous individual donations, such as those made 'in
memoriam,, to celebrate family occasions and as'thank yous, to Cherry Lodge, add up to a significant sum.
Annual total £22,357.
Legacie5
We encourage people to think of Cherry Lodge when maklng a will. Leaving money to charity can brin8
Significant tax advantages. Legacy income has made a huge difference to Cherry Lodge's longer-term financial
5ecurity- but it is unpredictable and cannot be relied upon to meet annual running costs.
Annual total £133,820.

CHERRY LODGE CANCER CARE UMITED
TRUSTEES, REPORT, contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance. continued
Fundraising events
Led by Tina Papasawa, our Fundraising Events Co-ordinator, Cherry Lodge fundraisers work hard around the
year to put on a varied programme of interesting events. Among the events organised by the fundraising team
in 2024 were the Laugh Out Loud comedy night in May, our Pink Tombola in October and the Christmas Fair.
Income from fundraising is boosted each year by working with others. Close links have been developed with
organisatlons, companies and individuals to help thern put on events to raise money for us. The nature and
extent of Cherry Lodge involvement5 varies but is sufficient for us to consider such events to be 'joint' or
'hybrid'. Two major events in 2024 sprung from our long-standing link with Summer Soulstice.. the Heart and
Soul Ball in February and the Summer Soulstice festival in June. In April 2024, Cherry Lodge became the chosen
charity of DoubleTree by Hilton Elstree, a favoured venue of ours. Other fundraisin8 events in aid of Cherry
Lodge are put on independently, with no or little input from us. We are extremely grateful to all our 'third-
partrf fundraisers, including Steve Meadham, founder of Psychobilly Kicks Back, and the organisers of regular
Cha Nights at the Arkley Club.
Annual total £96,257.
Sponsorship
Another major contribution to our fundraising income is the money raised by people seeking sponsorship for
taking part in an exercise event or trying out a new activity. Examples in 2024 Included the Easter Walk 'n' Talk.
London Marathon, a Sponsored Swim in QE Boys, pool, and Renie Price's Hang Gliding adventure.
Annual total £25,125.
The Cherry Lodge Shop
Our charity shop in Church Passage continues to be an important source of fundraising income. It is also the
public face of Cherry Lodge, raising our profile in the local community. Trading in 2024 was seriously disrupted
by the need to close the shop for several weeks so that major repairs could be carried out after a major leak.
During this time the opportunity was taken to refurbish the shop before reopening. Since then staff and
volunteers have worked very hard to rebuild sales. However, the closure severely impacted profitability for the
year.
Annual total £72,023.
Gift Aid
We encourage our supporters to sign up for Gift Aid, allowing us to claim an extra 25p on every £1 donated.
Annual refund £17,919.
Financial review
The trustees report a deficit for the year of £102,732 compared with a surplus of £46,857 in the previou5 year.
Total income for the year was £381,589 compared with £465,135 in the previous year. Factors contributing to
the reduction were the lower amount of le83cies received and the closure of the shop for several weeks due to
flooding.

CHERRY LODGE CANCER CARE LIMITED
TRUSTEES, REPORT, continued
FOR THE YEAR ENDED 31 OECEMBER 2024
Financial review. continued
Total expenditure for the year increased from £449,252 to £470,112. The trustees are keeping a watchful eye
on levels of expenditure which are largely a combination of salaries for essential staff needed to provide our
services and the necessary costs of operating from Howard House.
In addition to the deficit of £102,732, the accounts include a £376,000 write-down of the value of our freehold
premlses made necessary by a sharp fall in the value of Union Street properties over the recent period.
Cherry Lodge held bank and cash balances of £520,480 {2023 - £614,854) and readily-realisable investments of
£871,409 {2023 - £885,618) at 31 December 2024. 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 pollcv
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 re8ard 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, whllst sourcing alternative fundlng 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.
The future
When planning for the future we will be gulded by the principles expressed in our mission statement. We are
restyling our publicity materials with the aim of encouraging more people to seek our help. Everything possible
will be done to ensure we always deliver top quality services. We will regularly measure our achievements and
assess the benefits we have brought to our members.
We send huge thanks to everyone who supports Cherry Lodge - staff, volunteers, donors and fundraisers -
helping us fulfil our mission.

CHERRY LODGE CANCER CARE LIMITED
TRUSTEES, REPORT, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees, responslbllities
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 company13W
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affair5 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 preparlng those financlal
statements, the Trustees are required to:
selert suitable accountlng policies and apply them consistently;
observe the methods and principles of the Charitie5 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.
The Trustees are responsible for keeping proper accounting records whlch disclose wlth reasonable accuracy at
any tlme the financial position of the charitable company and to enable them to ensure that the accounts 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 irregularltles.
Dlsclosure of informatlon 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:
Sarah Armitage (Co-chair)
Date: 13 May 2025
io

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
CHERRY LODGE CANCER CARE UMITED
Opinion
We have audited the financial statements of Cherry Lodge Cancer Care Limited for the year ended
31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of
Cash Flows and the related notes, including a surnmary 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 Financial Reporting Stondard opplicable
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 companws affairs as at 31 December 2024 and
of Its incomin8 resources and application of resources, including Its income and expendlture, for the
year then ended;
have been properly prepared in accordance with Unlted Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit In accordance with International Standards on Auditing {UK)(ISAs{UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the
audlt of the financial statements section of our report. We are independent of the charitable company'in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard, and we have f ulfilled our other ethical responsibilities in accordance with
these requirements, We believe that the audlt evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Concluslons relatlng to golng concem
In auditing the financial statements, we have concluded that the Trustees, use of the 8oin8 concern bas55 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 responsibilitles and the responsibillties 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 auditorfs report thereon. The Trustee5 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 otherwise 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 knowledge obtained in the
course of the audit or otherwise appears to be materially misstated. If we identify such material
11

Independent Auditorfs Report to the members of
Cherry Lodge Cancer Care Limited, continued
Other information. continued
inconsistencies or apparent material misstatements, 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.
Opinlons on other matters presrrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given In the Trustees, Report (incorporatlng the dlrectors, report) for the financial year
for which the financial statements are prepared is con51Stent with the financial statements,, and
the directors, report has been prepared in accordance with applicable legal requirements.
Matter5 on whlch we are required to report by exceptlon
In the light of the knowledge and understanding of the charitable company and it5 environment obtained in
the course of the audit, we have not identified material mlsstatements In the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companie5 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 branche5 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 thè Information and explanations we require for our audit,. or
the Trustees were not entitled to prepare the financial statements In accordance wlth the small
companies, regime and take advantage of the small companies, exemptions in preparing the directors,
report.
Responsibllltles of Trustee5
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 flnancial statements, the Trustees are responsible for assessing the charitable companvs
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 liquidate the charitable company or to
cease operations, or have no realistic alternative but to do so.
Audltorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements a5 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, contlnued
Auditorfs responsibilities for the audit of the financial statements, contlnued
accordance with ISAS (UK) will always detect a material misstatement when it exists. Mi5Statements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the econornic 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
procedure5 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 detectin8 irregularitles 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 manager5, 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 assets 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 leadlng to a material misstatement in the financial statements or non-compllance 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 occurrin8 due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentatlon.
A further description of our responsibi15ties for the audit of the financial statements is provided on the
Financial Reporting Council's website at www.frc.org.uk/auditorslaudit-assurancelauditor-s-responsibilities-
for-the-audit-of-the-fi/description-of-the-auditor%E2O/080%99s-responsibilities-for. This descriptlon forms part
of our auditorfs report.
Use of our report
This report is made solely to the charitable companrfs 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
compan¢5 members those matters we are required to State to them in an auditorfs report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
tl ie ili(Iritable LUlllPdllV <11 Id Ilie charitable LOTnp¢lllV'S TTiembers as a budy, 'foi our ¢iudil work, for tkiis report, or
for the opinlon we have formed.
drew Geary 85c FCA
Senior Statutory Auditor
for and on behalf of..
Geary Partnership
statutory Auditor and Chartered Accountants
159a Chase Side, Enfield, EN2 OPW
Date: 13 May 2025
13

CHERRY LODGE CANCER CARE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating INCOME AND EXPENDITURE ACCOUNn
FOR THE YEAR ENDED 31 DECEMBER Z024
Total
funds
2024
Total
funds
2023
Unrestrirted Designated Restricted
fund5
funds
funds
Notes
INCOME AND EXPENDITURE
Income from..
Donations and legacies
Charitable activities
Other trading activitles
Investments
174,096
101,382
72,023
14.088
174,096
121,382
72,023
14,088
224,781
142,538
93,240
4,576
20,000
Total income
361,589
20,0(YJ
381,589
465,135
Expendlture on..
Raising funds
Charitable activities
160,998
242,845
2,239
64,030
163,237
306,875
152,484
296,768
Total expenditure
403,843
66,269
470,112
449,252
Net Income/(expenditure) before
net galnslllossesl on Investments
142,254
(46,269} {88,5231
15,883
Net 8ains/{lossesy on investments
{14,2091
(14,209)
30,974
Net Income/(expenditure)
{S6,463}
146,2691 (102,732)
46,857
Transfers between funds
(10,587)
10,587
Other recognised gains/(losse$)
Loss on revaluation of freehold property
(376,000)
1376,000)
Net movement In funds
(443,0501
135,682) 1478,732)
46,857
RECONCILIATION OF FUNDS
Total funds brought forward
at l January 2024
1,697,681
556,735
242,235 2,496,651 2,449,794
Total fund5 carried fonNard
at 31 December 2024
1,254,631
556,735
206,553 2,017,919 2,496,651
14

CHERRY LODGE CANCER CARE LIMITED
BALANCE SHEET AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assets
Investments
617,663
871,409
996,956
885,618
1,489,072
1,882,574
Current assets
Stock
Debtors
Cash at bank and in hand
1,000
46,198
520,480
1,000
33,923
614,854
567,678
649,777
Creditots: amounts fallln8 due
wlthln one year
{38,8311
135,7001
Net current assets
528,847
614,077
Total assets less current Ilabilities
2,017,919
2,496,651
Net assets
2,017,919
2,496,651
Funds
Unrestricted funds:
General fund
Designated funds
Revaluation reserve
Investment fair value resenle
1,123,732
556,735
143,088
112,189)
1,097,858
556,735
597,803
2,020
1,811,366
206,553
2,254,416
242,235
Restricted funds
2,017,919
2,496,651
Approved by the Board of Trustees on 13 May 2025 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 2024
2024
2023
Notes
Net cash (used In)/generated by operatlng artivities
11
(93,252}
1,491
Cash flows from investing activities:
Proceeds from sale of fixed assets
Purchase of fixed assets
Purchase of investments
7,000
(24,421}
(250,0001
11,1221
Net cash (used in> investing activities
(1,1221
{267,421}
Net Idecrease) in cash and cash equivalents
194,374}
(265,930)
Cash and cash equivalents at beginning of year
614,854
880,784
Cash and cash equivalents at end of year
520,480
614,854
Reconciliation to cash at bank and In hand
Cash at bank and in hand
Cash equivalents
520,480
614,854
Cash and cash equivalents
520,480
614,854
16

CHERRY LODGE CANCER CARE LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
I ACCOUNTING POLICIES
a) Ba$15 of preparatlon of accounts
The Charity is a public benefit entity. Its accounts have been prepared under the historlcal cost convention as
modified by the revaluation of land and buildings and investments, and in accordance with 'Accounting and
Reportin8 by Charities: Statement of Recommended Practice, (Charities SORP) applicable to charities preparin8
thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (effective l January 2019), 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.
¢) Expendlture
Expenditure is accounted for on an accruals basls. Costs are allocated between the expenditure categories of the
Statement of Financial Actlvlties 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 ChariVs
charitable objectives.
Governance costs are those tosts Tncurred in connection wlth administratlon 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 its expected useful life, as follows:
Freehold land- not depreciated
Freehold buildings- 2% straight line
Motor vehicles- 20% on reducing balance
Computer equipment- 20% on reducing balance
Fixtures, fittings and equipment- 20% on reducing balance
17

CHERRY LODGE CANCER CARE UMITED
NOTES TO THE ACCOUNTS, contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
I ACCOUNTING POUCIES, continued
e) Investments
Listed investments are stated at market value at the balance sheet date. Gains or losses 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 is recognised only when the Charity becomes a party to the contractual
provi5i0ns of the instrurnent. 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 rentals
Operating lease rentals, where substantially all of the risks and rewards of ownership remain with the lessor, are
char8ed to the Statement of Financial Activities on a straight line basis over the period of the lease.
l) Pensions
The Charlty 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 accountin8
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
The revaluation reseD4e is part of unrestricted funds.
Designated funds are set aside out of unrestrirted funds by the Trustees for specific purposes.
Restricted funds can only be used for particular restricted purposes Wlthin the objerts of the Charity. RestriC(ion5
arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanation 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 attivities.
18

CHERRY LODGE CANCER CARE UMITED
NOTES TO THE ACCOUNTS, contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
2 INCOME
Unrestricted Designated Restricted
Funds
funds
funds
Total
2024
Total
2023
Donations and legacies
Donations
Legacies
Gift Aid tax rebate
22,357
133,820
17,919
22,357
133,820
17,919
15,883
180,125
28,773
174,096
174,096
224,781
Charltable artivltles
Fundraising events
101,382
20,000
121,382
142,538
Other trading activities
Shop income and merchandising
72,023
72,023
93,240
Investments
Interest and dividends receivable
14,088
14,088
4,576
3 EXPENDITURE
Unrestricted Designated Restricted
Fund5
fund5
funds
Total
2024
Total
2023
Ralsing funds
Costs of fundraising
Shop costs
67,391
93,607
67,391
95,846
58,364
94,120
2,239
160,998
2,239
163,237
152,484
Charltable actlvltles
Horne visits and outreach
Information and support
Therapies and patient care
Governance costs (including auditorfs
remuneratlon £3,60012023 - £3,420)
53,175
55,120
113,758
36,681
89,856
55,120
141,107
94,467
52,603
143,374
27,349
20,792
20,792
6,324
242,845
64,030
306,875
296,768
Nuii-dudii fees paid to ttrie auditor foi. ull)ei prufe55ioiial serviLes PiUViLleLI amounted lo £2,49612023 - £1,852)
The rent charge for the year in respect of the operating lease referred to in note 12 below amounted to £23,145
(2023- £26,346).
19

CHERRY LODGE CANCER CARE LIMITED
NOTES TO THE ACCOUNTS. contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
3 EXPENOITURE, contlnued
Included in expenditure above are
support costs analysed as follows:
Staff Property Office Gover-
Costs running
costs
nance
Total
2024
Total
2023
Other
Raising funds
Charitable activities
96,544 36,345
45,827 24,378 30,384
3,851 136,740
3,600 18,282 122,471
130,736
125,721
142,371 60,723 30,384
3,600 22,133 259,211
256,457
4 STAFF AND TRUSTEES
2024
2023
staff cost5:
Wages and salaries
Social security costs
Pension costs
274,128
17,452
12,466
247,567
15,622
12,129
304,046
275,318
The average number of employees during the year was 1212023- 12).
There were no employees whose annual remuneration was £60,000 or more12023- none).
None of the Trustees, or any persons connected with them, received any remuneration during the year {2023 -
£nill. There were no Trustees, expenses paid for the year12023- £nill.
20

CHERRY LODGE CANCER CARE LIMITED
NOTE5 TO THE ACCOUNTS, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
5 TANGIBLE FIXED ASSETS
Land and
buildings
Computer
equipment
Motor Flxt..fittings &
vehicles & equipment
Total
Cost/valuatlon
At l January 2024
Additions at cost
Disposals
Revaluation adjustment
1,000,000
37,016
1,122
18,133
11,264
1,066,413
1,122
{400,0001
(400,0001
At 31 December 2024
600,000
38,138
18,133
11,264
667,535
Oepreciation
At l January 2024
Charge for the year
Eliminated on disp05als
Revaluation adjustment
24,000
31,323
1,363
3,626
2,901
10,508
151
69,457
4,415
(24,0001
{24,0001
At 31 December 2024
32,686
6,527
10,659
49,872
Net book value
At 31 December 2024
600,000
5,452
11,606
605
617,663
At 31 December 2023
976,000
5,693
14,507
756
996,956
The Charity's freehold premises at 23 Union Street, Barnet were revalued by the Trustees at £600,000 at 31
December 2024, being the amount at which the premises were professionally valued by Barnet Ross, Chartered
Sup4eyors, on an existing use basis as at 26 February 2025. The net deficit of £376,000 on revaluation has been
charged to the revaluation reserve.
The historical cost of land and buildings at 31 December 2024 was £456,912 {2023 - £456,912). The land and
buildings depreciation charge for the year on a historical cost basis would be £6,021 (2023 - £6,021}, and the net
book value of land and buildings at 31 December 2024 on a historical cost basis would be £438,849 {2023
£444,870}.
Land and buildings includes land with a cost of £155,85212023 - £155,852) and a valuation of £204,65912023
£400,000) which is not depreciated.
21

CHERRY LODGE CANCER CARE LIMITED
NOTES TO THE ACCOUNTS, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
6 INVESTMENTS
2024
2023
Llsted investments and deposits:
Market value at beginning of year
Investments purchased in year, at cost
Net {loss)/gain on revaluation at year-end
885,618
604,644
250,000
30,974
(14,2091
Market value at end of year
871,409
885,618
Historical cost at end of year
883,598
883,598
7 DEBTORS
2024
2023
Prepayments and accrued income
Other debtors
13,108
33,090
13,367
20,556
46,198
33,923
8 CREDITORS: Amounts falllng due wlthln one year
2024
2023
Accruals and other creditors
38,831
35,700
22

CHERRY LODGE CANCER CARE UMITED
NOTES TO THE ACCOUNTS, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
9 STATEMENT OF FUNDS
Brought
Forward
Incomlng
resources
Resources
expended
Transfers
inl(out)
Carrled
fO￿ard
Unrestrlcted funds
Generolfvnd
1,097,858
361,589
1403,843}
68,128
1,123,732
Revaluatlon reserve
597,803
1376,0001
178,715)
143,088
Folr value reserve
2,020
(14,209)
{12,1891
Deslgnatedfunds..
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
Is,000
40,000
10,000
25,000
5,000
400,000
9,625
556,735
556,735
The funds of the Charity include the followlng designated funds which have been set aslde out of unrestrlcted
funds by the Trustees for specific purposes:
Refurbishment Fund- for the refurblshment of the Charivs prernises at Howard House, 23 Union Street, Barnet.
The Trustees have acknowledged that the Charivs 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 Charivs retail outlet to meet the ever growing competition and
the shop provide5 the highest stsndards 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 recruitrnent 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 obtsining 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 UMITED
NOTES TO THE ACCOUNTS, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
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 considerlng all the risk factors, Trustees have agreed the Charity should hold
£400,000 in reser¥es 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 seniices, whllst sourcing alternative
fundlng Streams.
Sunflower Group- funds set aside for a satelllte cancer support group operatlng in Burnt Oak.
Brought
Forward
Incomlng
resources
Resources
expended
Transfers
In/(out)
Carried
forward
Restrlcted funds
Summer Soulstice
Visual Healing and
Sound Therapies
Girlies Raising Hope
Lloyds Exerclse Classes
Outreach
Edith Senett legacy
8,333
20,000
138,920)
10,587
5,000
11,387
2,872
15,000
199,643
5,1J)O
11,387
2,872
15,000
172,294
127,349)
242,235
20,000
{66,2691
10,587
206,S53
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 - a fund for the introduction of visual and sound therapies to benefit the
Charity members.
Girlies Raising Hope
a fund for the acquisition and preparation of body product packs as a welcorne gift.to
members undertaklng therapies. These packs are tallored 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 UMITED
NOTES TO THE ACCOUNTS, continued
FOR THE YEAR ENDED 31 DECEMBER 2024
10 ANALYSIS OF NET ASSETS BETWEEN FUNDS
General Designated Restricted Revaluatlon
fund
funds
funds
reserve
Fair value
reserve
Total
funds
Tangible fixed assets
Investments
Current assets
Creditors due within one year
474,575
326,863
361,125
(38,831)
143,088
617,663
871,409
567,678
138,831)
556,73S
112,189)
206,553
1,123,732
S56,735
206,553
143,088
(12,189)
2,017,919
11 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net income/lexpenditure) as shown on the Statement of Financial Activities
Adjustments for.,
Depreciation
(Profit) on sale of fixed assets
Net {gainsl/losses on Investments
(Increase)decrease in debtors
(Decrease)/increase in creditors
(102,732)
46,857
4,415
17,240
15,368)
14,209
(30,974)
112,275> (20,223)
3,131
16,0411
Net cash (used inl/generated by operating activities
193,252)
1,491
12 COMMITMENTS UNDER OPERATING LEASES
At the balance sheet date, the Charlty had annual commitments under non-cancellable operating leases as
follows:
Land and buildings
2024
2023
Expiry date:
After more than five years
29,789
29,789
13 AUDITORS, ETHICAL STANDAROS
In common with many charities of our size and nature, we use our auditors to assist with the preparation of
the accounts, as allowed under the FRC Ethical Standard 'Provisions Available for Audits of Small Entities,.
25