Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Charity number: 1024664
Bob Champion Cancer Trust
Unaudited
Trustees' Report and Financial Statements
For the year ended 30 June 2024
Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Contents
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 8 |
| Trustees' responsibilities statement | 9 |
| Independent examiner's report | 10 |
| Statement of financial activities | 11 |
| Balance sheet | 12 |
| Statement of cash flows | 13 |
| Notes to the financial statements | 14 - 28 |
Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Reference and administrative details of the Charity, its Trusteees and advisers For the year ended 30 June 2024
Co-Founders
Professor Sir Michael Peckham MD FRCP FRCR (deceased October 2021) Nicholas Embiricos (deceased November 2018)
President
Bob Champion, C.B.E.
Medical Advisor
Professor David Dearnaley
Vice Presidents
Clare Balding, C.B.E. Willie Carson, O.B.E. Kristina Cook David Gower, O.B.E. Chris Hughes Jonjo O’Neill Greg Rusedski Peter Shilton, O.B.E. Nick Skelton, C.B.E.
Trustees
Michael Cattermole (Chairman) Susie Burrage, O.B.E. Alex Embiricos Timothy Fox Andrew Franklin Catherine McAleavey Catherine Nash Luke Ponsonby Bridget Rosser Carolyn Zetter Wells
Trust Officer
Mrs. Lucienne Wilkinson
Charity registered number 1024664
Principal Office
7 Square Rigger Row Plantation Wharf London SW11 3TZ
Accountants
UHY Hacker Young Chartered Accountants Thames House Roman Square Sittingbourne Kent ME10 4BJ
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Trustees’ report For the year ended 30 June 2024
The Trustees present their report and the accounts for the year ended 30 June 2024.
The financial statements comply with the charity's Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (Charities SORP (FRS 102)).
Structure, Governance and Management
The Trust was set up to support research into the causation, nature and treatment of patients with testicular cancer and other forms of malignant disease including those of the prostate.
A Declaration of Trust formed the Charity on 29 June 1993 registered number 1024664. The purpose of the establishment of this charitable trust was to take over and enlarge the work of the Bob Champion Cancer Trust that was set up by a Declaration of Trust dated 20 January 1983.
The number of Trustees shall not be less than three or more than ten. The power of appointing new Trustees is vested in the Trustees and may be exercised by a resolution in writing signed by all of the current Trustees and the new Trustee. The Trustees meet four times per calendar year in person or online.
Please see page 1 for Trustee details, legal and other administrative detail.
The Trustees acknowledge their responsibility for ensuring that the major risks to which the Charity is exposed are identified and systems designed to mitigate those risks. During the year the Trustees completed a formal risk management process to assess business risks and risk management strategies.
The Trust has an independent Medical Advisor, Professor David Dearnaley, to advise the board in their selection of grant awards and allow the Charity to operate in open competition with peer review.
Background to the Trust
Bob Champion was one of the UK’s top five jump jockeys when, in July 1979, he discovered he had cancer in two parts of his body and was given eight months to live. His doctors, at the Royal Marsden Hospital, suggested his only chance was a drastic new type of treatment, he readily agreed. The one thing that gave him the will to keep fighting during those gruelling months of treatment was the dream of riding Aldaniti in the Grand National.
In 1981, less than two years from diagnosis, that dream came true as Bob Champion and Aldaniti won the1981 Grand National - racing’s greatest fairytale. His victory led to the foundation in 1983 of the Bob Champion Cancer Trust.
The Trust’s first project was to open its own Unit within the Royal Marsden Hospital, which was achieved five years, nearly to the day, after their Aintree victory. The Trust then concentrated on funding cancer research projects at the Institute of Cancer Research, opening in conjunction with the ICR in 2000, the first male dedicated cancer research facility in Europe – The Bob Champion Cancer Trust Research Centre. In 2015 The Bob Champion Research and Education Building was opened, a state-of-the- art research facility on the University of East Anglia campus costing, in excess, of £19 million.
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Bob Champion Cancer Trust
Trustees’ report (continued) For the year ended 30 June 2024
Objectives and Activities
The Bob Champion Cancer Trust currently supports cancer research within the Institute of Cancer Research, The Royal Marsden Hospital in Sutton, Surrey and the Bob Champion Research and Education Building, situated in the Norwich Research Park at the University of East Anglia. The focus of this support is on urological cancers, especially those of the prostate.
The Trust opened in collaboration with the Institute of Cancer Research the Bob Champion Research Centre in 2000, which forms part of the first male dedicated cancer research centre, in Europe. This centre is based at The Institute of Cancer Research in Sutton, Surrey.
In February 2015 the Trust, with The University of East Anglia (UEA), opened the Bob Champion Research and Education Building at The Norwich Research Park, this facility is operated by the UEA in partnership with the Norfolk & Norwich Hospital. This centre provides state-of-the-art laboratories for researchers to explore new treatments, not only for prostate cancer research but for diseases from antibiotic resistance to musculo-skeletal and gastrointestinal diseases. This £19 million facility includes a unique bio-bank facility to store DNA and tissue samples plus teaching facilities suitable for training medical practitioners in rooms reflecting the functions of operational hospital bays.
The Trust is self-supporting and relies totally upon donations from the public that may be in the form of a legacy or donation with the benefit of claiming Gift Aid if applicable. Income is raised from a full fundraising calendar, with major events being held annually or biennially, supported by event committees, promotional mailings and active social media campaigns. The events range from themed event and parties, horse shows and race nights to personal challenges such as sponsored rides, marathons, including the London Marathon, and cycling events, these hopefully offer something for all our supporters and helps to attract new interest to the cause. An annual charity raceday at Plumpton Racecourse is held, now in its seventh year, which is an established and extremely popular fundraiser. During the day a Shetland Pony race is held as an extra attraction which helps raise further funds as well as the traditional auctions and raffles. Another very successful event is a carol service - Carols and Champagne - held at Chelsea Old Church in London every other year. A traditional church service is followed by a drinks party in the church hall attached and is very popular with the order of service raising extra funds from advertisers. The Trust is hoping to establish an annual golf tournament, two have been held so far with another planned for 2025 plus aims to hold a second raceday in the Spring.
The Trust is delighted to be continuing its involvement with the Shetland Pony Grand National (SPGN), now for the eighth year. The SPGN is a major part of the London International Horse Show held at the ExCel Exhibition Centre, with the SPGN grand finale a highlight of the four days. Bob Champion himself is heavily involved during the year, helping the young riders through their heats, and attends, as well as appearing in the show ring every day during the Show. The ten jockeys (aged between 9-14 years) once they qualify for the Show via the heats commit to raise a minimum of £1,000 sponsorship in support of the Trust, although, with determined future jockeys, nearly all participants way surpass this goal.
Since 1988 the Trust has produced its own, especially commissioned, double sided Christmas card. The card not only raises vital funds but spreads awareness of the cause and the work of the Trust. The artist is selected each year and kindly donates their work and time in support of the Trust. In 2021 a second, smaller card, was added to create a choice for our supporters, again, double sided and kindly painted for us and donated by the artist. The larger card offers a more classic choice with the smaller card being more fun. The Trust has found that sales have suffered due to increased postage costs but the cards still represents an important part of the Trusts awareness message.
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Bob Champion Cancer Trust
Trustees’ report (continued) For the year ended 30 June 2024
Bob Champion was awarded a CBE in The Queen’s New Year Honours 2021 for his charitable works. He attends many of the events himself and continues to play an integral part in raising funds, and awareness, not only of the Charity’s aims, but also of the disease itself. All events are organised from the office, often with the help of a specific event committee made up from volunteers and keen supporters. The Trust is always open to new fundraising ideas and how to offer help to cancer sufferers, their families and friends.
Public Benefit
The Trustees confirm that they given due consideration to the Charity Commission's published guidance on the Public Benefit requirement under the Charities Act 2011 when reviewing the aims and objectives, and in planning future activities.
Achievements and performance
Each year 52,000 men in the UK will be diagnosed with prostate cancer and more than 12,000 will die from their disease. At present we do not have good markers to predict who will have prostate cancer that behaves in an aggressive way and causes mortality.
For many cancers the fundamental mechanism of cancer development has been unravelled. Such studies reveal that the disease develops because of alterations or mutations within ‘cancer genes’. Although cancer genes responsible for the development of, for example, colon cancer and breast cancer are well characterised, relatively little is known about the fundamental development of prostate cancer.
The Bob Champion Research Trust funded researchers have worked together as part of international consortium, called The Pan Prostate Cancer Group, set up by Professor Colin Cooper at The University of East Anglia (UEA) and Professor Ros Eeles the Institute of Cancer Research (ICR) to analyse genetic data from prostate cancer samples across nine countries.
Application of Artificial Intelligence to results obtained in the UK has helped scientists reveal two distinct forms of prostate cancer called Evotypes, with one being very aggressive prostate cancer. These results could revolutionise how the disease is diagnosed and managed, since it is important that treatment is targeted to aggressive disease.
Crucially, the team aims to develop a genetic test that, when combined with conventional staging and grading, can provide a more precise prognosis for each patient, allowing tailored treatment decisions.
The researchers used AI to study changes in the DNA of prostate cancer samples (using whole genome sequencing) from 159 patients. They identified two distinct cancer groups among these patients using an AI technique called neural networks. These two groups were confirmed by using two other mathematical approaches applied to different aspects of the data. This finding was validated in other independent datasets from Canada and Australia.
The work published in the Journal Cancer Genomics in 2024 was carried out in collaboration with Dr Dan Woodcock at the University of Oxford and Professor David Wedge at the University of Manchester who led the research. The team hope their findings could save thousands of lives in future and revolutionise how prostate cancer is diagnosed and treated. Ultimately, it could provide tailored treatments to each individual patient according to a genetic test which will also be delivered using AI.
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Bob Champion Cancer Trust
Trustees’ report (continued) For the year ended 30 June 2024
Although prostate cancer is responsible for a large proportion of all male cancer deaths, it is more commonly a disease men die with rather than from. This means that unnecessary treatment can often be avoided, sparing men from side-effects such as incontinence and impotence.
These studies are important as until now, it was thought that prostate cancer was just one type of disease. But now, with advancements in artificial intelligence, the researchers have been able to show that there are actually two different subtypes at play.
Hopefully the findings will not only save lives through better diagnosis and tailored treatments in the future, but they may help researchers working in other cancer fields better understand other types of cancer too.
Professor Ros Eeles, Professor of Oncogenetics at The Institute of Cancer Research, London, and Honorary Consultant in Clinical Oncology and Cancer Genetics at The Royal Marsden NHS Foundation Trust, confirms that this study has utilised the enormous genomic dataset from The Pan Prostate Cancer Group which is a powerhouse of information about prostate cancer from around the world.
The Trust also supports Professor Ros Eeles with a three year grant for the UKGPCS collection of germline DNA and data. The aim of this project is to analyse whole exome sequence from a unique and large collection of prostate cancer cases: 20,000 germline DNA samples from the UKGPCS in order to identify rare variants and their contribution to the risk of developing prostate cancer with specific phenotypes and potentially predict response to various treatments.
The UKGPCS was established in 1992, recruiting men from The Royal Marsden NHS Foundation Trust and Collaborative Centres (NHS Trust hospitals) throughout the UK and Northern Ireland, over 180 of which are from the National Cancer Research Network (NCRN).
The UKGPCS have collected a rich phenotype dataset for most of these samples: date of birth, diagnosis, and death if applicable; mode of detection; TNM Stage; Gleason score; primary treatment; vital status; geographic region based on referring hospital, or treatment hospital if information on the referring hospital was not available; self-reported BMI; self-reported ethnicity; and PSA at diagnosis for all patients, as well as for relatives, if available. The Information on risk factors for prostate cancer, demographic characteristics, and clinical data are also collected routinely as part of medical care and clinical follow-up. Over 78% of the cohort has clinical data on treatment and outcomes are being followed up at 2, 5 and 10 years post diagnosis; this collection is still in process.
For sequencing of whole exomes in germline samples a high-throughput automated approach will be used to prepare high-quality genomic DNA for exome capture. The exome will be captured and sequenced on the latest technology in use at the Regeneron Genetics Centre.
The Trust is in its final year of a three year grant for Annie Gao, a Senior Radiotherapy Clinical Trials Co-ordinator at the Bob Champion Unit, Royal Marsden Hospital, Sutton.
The Unit has supported and lead the PACE trials which looks to use stereotactic body radiotherapy to deliver to the patient the prostate cancer treatment in 5 visits over 1-2 weeks. This pioneering treatment can target the cancer with pinpoint accuracy. This means a reduction in healthy tissue damage and enables men to complete and recover from treatment much faster than ever before. Initial results from the PACE-B trial have been published, showing that there were low rates of side effects after 2 years and suggesting that curative treatment can be given over a much-shortened period. This has positive implications for the patients experience of cancer treatment and subsequent quality of life.
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Bob Champion Cancer Trust
Trustees’ report (continued) For the year ended 30 June 2024
Critical to the success of all these studies is the long-term follow-up of men after their initial radiotherapy treatment. Confidence that a patient is truly cured takes 10 years in men with localised prostate cancer as side effects can continue to develop over many years, a full estimation of the risks and benefits of a new treatment requires years of careful data collection.
Annie Gao focusses particularly on the long-term follow-up of patients. This enables the ICR to continue to monitor men for signs of cancer recurrence and side effects for long enough to be sure that the innovative radiotherapy treatment being tested is advantageous. The Unit continues to publish results in the highest calibre journals and publications.
Key trials in long term follow-up:
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The IMRT (Intensity-Modulated Radiotherapy) trial (495 patients) looked at targeting the prostate cancer more accurately, which in turn allowed for a larger dose of radiotherapy to be given. There were 5 groups of patients, each receiving slightly different doses of radiotherapy. The continued review of this comprehensive dataset enables us to learn more about which patients are likely to be cured with standard treatments and which require further escalation of therapy. Blood and biopsy translational work from this trial also sheds new light on the evolutionary genetics of prostate cancer. The CHHiP trial (398 patients recruited at RMH out of 3,200 in multi-centre trial) follows patients for up to 15 years after their treatment and is enabling us to know with greater certainty that shorter treatments are better for men with localised prostate cancer. The trial introduced prostate IMRT in the UK. This ongoing data collection has enabled the review of over 2000 prostate cancer samples to further investigate the effects of radiotherapy dose on prostate cancer in the laboratory.
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The CHHiP trial (398 patients recruited at RMH out of 3,200 in multi-centre trial) follows patients for up to 15 years after their treatment and is enabling us to know with greater certainty that shorter treatments are better for men with localised prostate cancer. The trial introduced prostate IMRT in the UK. This ongoing data collection has enabled the review of over 2000 prostate cancer samples to further investigate the effects of radiotherapy dose on prostate cancer in the laboratory.
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The PACE-C trial compares stereotactic body radiotherapy (5 visits – SBRT uses precise daily image guidance to give remarkably accurate radiotherapy) with the now conventional IMRT (20 visits – see IMRT trials above). Since the application last year, recruitment to this trial has exceeded expectations and the trial closed early having already met its target of 1182 patients. These men are now in long-term follow-up, assessing side effects, patient quality of life and long-term cancer control.
Publications:-
Genomic evolution shapes prostate cancer disease type.
Woodcock DJ, Sahli A, Teslo R, Bhandari V, Gruber AJ, Ziubroniewicz A, Gundem G, Xu Y, Butler A, Anokian E, Pope BJ, Jung CH, Tarabichi M, Dentro SC, Farmery JHR; CRUK ICGC Prostate Group; Van Loo P, Warren AY, Gnanapragasam V, Hamdy FC, Bova GS, Foster CS, Neal DE, Lu YJ, KoteJarai Z, Fraser M, Bristow RG, Boutros PC, Costello AJ, Corcoran NM, Hovens CM, Massie CE, Lynch AG, Brewer DS, Eeles RA, Cooper CS, Wedge DC. Cell Genom. 2024 ;4(3):100511. doi: 10.1016/j.xgen.2024.100511.
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Bob Champion Cancer Trust
Trustees’ report (continued) For the year ended 30 June 2024
Cancer invasion and anaerobic bacteria: new insights into mechanisms.
Hurst R, Brewer DS, Gihawi A, Wain J, Cooper CS. J Med Microbiol. 2024;73(3):001817. doi: 10.1099/jmm.0.001817.
Applications of Urinary Extracellular Vesicles in the Diagnosis and Active Surveillance of Prostate Cancer.
Smith SF, Brewer DS, Hurst R, Cooper CS. Cancers (Basel). 2024 ;16(9):1717. doi: 10.3390/cancers16091717.
Major data analysis errors invalidate cancer microbiome findings .
Gihawi A, Ge Y, Lu J, Puiu D, Xu A, Cooper CS, Brewer DS, Pertea M, Salzberg SL. mBio. 2023;14(5):e0160723. doi: 10.1128/mbio.01607-23.
Gene-Transcript Expression in Urine Supernatant and Urine Cell-Sediment Are Different but Equally Useful for Detecting Prostate Cancer.
Yazbek Hanna M, Winterbone M, O'Connell SP, Olivan M, Hurst R, Mills R, Cooper CS, Brewer DS, Clark J. Cancers (Basel). 2023 ;15(3):789. doi: 10.3390/cancers15030789.
There are currently 11 papers under review.
Financial Review
The Trust incurred an overall surplus for the year of £332,459 (2023: deficit of £44,860). The surplus for the year was given a significant boost by a generous legacy received in the year totalling £199,735 (2023: £1,393). Also included within the income and expenditure of the Trust for the year is a surplus on fundraising events of £184,412 (2023: £71,655) and dividends received of £46,708 (2022: £46,366). In addition, the unrealised gain on investments for the year to 30 June 2024 was £112,344 (202: £54,724).
The Trustees are satisfied that the Trust’s funds are available and adequate to fulfil its obligations in relation to their commitments.
The Declaration of Trust, signed on the 29th June 1993, states that “any money available for investment may be so invested in the names of the Trustees or their nominees in any way whatsoever, whether or not producing income, as the Trustees shall in their absolute discretion think fit, as if they were absolutely entitled to the Trust Fund beneficially.”
It is the policy of the Trust to hold reserves in its General Fund that have not yet been committed or designated for any particular purpose. The Trustees have set aside these reserves in order to protect the future operations of the charity from the effects of any unforeseen variations in its income streams as part of a policy of good financial management practice.
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Bob Champion Cancer Trust
Trustees’ report (continued) For the year ended 30 June 2024
Plans for the Future
The Trustees continue to work towards the aims of the deed of declaration of Trust to find a cure for urological cancers, particularly prostate cancer, through scientific and clinical research at the Institute of Cancer Research and The Norwich Medical Research Park at UEA. To establish a clinical test to detect prostate cancer cells remains at the forefront of the Trusts current plans.
The funding for the work of the Trust will continue to be raised from a full fundraising calendar run by the Executive Officer of the Charity, donations and legacies and the interest from the investment funds if required.
Approval
This report was approved by the Trustees and signed on its behalf by:
----- Start of picture text -----
| DocuSigned by:
Midvacl Cattermole
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Michael Cattermole Trustee
Luke Ponsonby Trustee
23 April 2025 Date:
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Bob Champion Cancer Trust
Statement of Trustees' responsibilities For the year ended 30 June 2024
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
Michael Cattermole Trustee Date: 23 April 2025
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Bob Champion Cancer Trust
Independent Examiner's Report For the year ended 30 June 2024
Independent Examiner's Report to the Trustees of Bob Champion Cancer Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Tracey Moore BFP ACA
24 April 2025 Dated:
UHY Hacker Young
Chartered Accountants
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Statement of financial activities For the year ended 30 June 2024
| Note Income from: Donations and legacies 4 Other trading activities - Fundraising 5 Investments 6 Total income Expenditure on: Raising funds 7 Charitable activities Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 209,883 359,344 46,708 615,935 174,932 220,888 395,820 220,115 112,344 332,459 1,528,851 332,459 1,861,310 |
Total funds 2024 £ 209,883 359,344 46,708 615,935 174,932 220,888 395,820 220,115 112,344 332,459 1,528,851 332,459 1,861,310 |
Total funds 2023 £ 6,295 177,711 46,366 230,372 106,056 223,900 329,956 (99,584) 54,724 (44,860) 1,573,711 (44,860) 1,528,851 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 14 to 28 form part of these financial statements.
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Bob Champion Cancer Trust
Balance sheet As at 30 June 2024
| 2024 | 2024 | 2023 | |||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 13 | 1,571 | 1,119 | ||
| Investments | 14 | 1,693,539 | 1,506,195 | ||
| 1,695,110 | 1,507,314 | ||||
| Current assets | |||||
| Debtors | 15 | 1,861 | 4,282 | ||
| Cash at bank and in hand | 192,340 | 90,538 | |||
| 194,201 | 94,820 | ||||
| Creditors: amounts falling due within one | |||||
| year | 16 | (28,001) | (73,283) | ||
| Net current assets | 166,200 | 21,537 | |||
| Total net assets | 1,861,310 | 1,528,851 | |||
| Charity funds | |||||
| Unrestricted funds | 18 | 1,861,310 | 1,528,851 | ||
| Total funds | 1,861,310 | 1,528,851 | |||
| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: | The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: | The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: | |||
| DocuSignedby: Micacl Cattrmele D17B32C730044CE... |
DocuSignedby: Wuke Povsovry 079866F1D2FD4CA... |
||||
| Michael Cattermole | Luke Ponsonby | ||||
| Trustee | Trustee | ||||
| Date: 23 April 2025 |
The notes on pages 14 to 28 form part of these financial statements.
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Bob Champion Cancer Trust
| Statement of cash flows For the year ended 30 June 2024 |
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|---|---|---|
| Note Cash flows from operating activities Net cash used in operating activities 20 Cash flows from investing activities Dividends, interests and rents from investments Purchase of property, plant and equipment Proceeds from sale of investments Purchase of investments Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 21 |
2024 £ 131,029 46,708 (935) - (75,000) (29,227) 101,802 90,538 192,340 |
2023 £ (141,381) 46,366 - 125,000 - 171,366 29,985 60,553 90,538 |
The notes on pages 14 to 28 form part of these financial statements
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Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
1. General information
Bob Champion Cancer Trust is a registered charity in England and Wales registered under the charity number 1024664. The registered office is 7 Square Rigger Row, Plantation Wharf, London, SW11 3TZ.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Bob Champion Cancer Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The charity has taken advantage of the exemption available to smaller charities from preparing a cash flow statement.
2.2 Basis of non-consolidation
In the opinion of the Trustees, the charity and its subsidiary undertakings comprise a small group. The subsidiary has been excluded as its inclusion would not be material from the point of view of providing a true and fair view.
2.3 Going concern
The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern for a period of at least twelve months after the date of signature of these accounts. The accounts have therefore been prepared on the going concern basis.
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
2. Accounting policies (continued)
2.4 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised and refer to the Trustees' report for more information about their contribution.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include management carried out by the Executive Officer. The Trust office is based on an office share which is donated to the Trust by the building owner.. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
2. Accounting policies (continued)
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Fixtures and fittings - 20% reducing balance Computer equipment - 25% reducing balance
2.8 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
2. Accounting policies (continued)
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.12 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.13 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Trustees have not applied any significant estimates or judgments in the preparation of these financial statements.
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
4. Income from donations and legacies
| Unrestricted funds 2024 £ Donations 10,148 Legacies 199,735 Total 2024 209,883 |
Total funds 2024 £ 10,148 199,735 209,883 |
Total funds 2023 £ 4,902 1,393 |
|---|---|---|
| 6,295 |
In both the current and prior year all income from donations and legacies was in relation to unrestricted funds.
5. Income from other trading activities - fundraising
Income from fundraising events
| Unrestricted funds 2024 £ General Fundraising 35,528 Christmas Season 30,046 Carols and Champagne 60,918 Shetland Pony Grand National 12,000 Plumpton Raceday 122,749 Wincanton Raceday 98,103 Total 2024 359,344 |
Total funds 2024 £ 35,528 30,046 60,918 12,000 122,749 98,103 359,344 |
Total funds 2023 £ 23,787 12,670 - 30,012 111,242 - |
|---|---|---|
| 177,711 |
In both the current and prior year all income from fundraising was in relation to unrestricted funds.
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
6. Investment income
| Unrestricted funds 2024 £ Listed securities 43,799 Bank deposits 2,909 Total 2024 46,708 |
Total funds 2024 £ 43,799 2,909 46,708 |
Total funds 2023 £ 46,293 73 |
|---|---|---|
| 46,366 |
In both the current and prior year all income from investments was in relation to unrestricted funds.
7. Expenditure on raising funds
Publicity and fundraising expenses
| Unrestricted funds 2024 £ General Fundraising costs 14,340 Christmas Season 13,780 Carols and Champagne 14,753 Shetland Pony Grand National 952 Plumpton Raceday 46,104 Wincanton Raceday 41,341 Publicity and direct administrative costs 43,662 174,932 Total 2023 106,056 |
Total funds 2024 £ 14,340 13,780 14,753 952 46,104 41,341 43,662 174,932 106,056 |
Total funds 2023 £ 6,724 11,284 - 819 44,554 - 42,675 |
|---|---|---|
| 106,056 | ||
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
8. Research Grants
| Professor Rosalind Eeles grant - Institute of Cancer Research (ICR) Professor Colin Cooper grant - UEA Clinician Annie Gao Total 2024 |
Grants to Institutions 2024 £ 84,998 13,588 31,543 130,129 |
Total funds 2024 £ 84,998 13,588 31,543 130,129 |
Total funds 2023 £ 72,574 31,317 31,543 |
|---|---|---|---|
| 135,434 |
Professor Ros Eeles, Prostate Cancer Sequencing Germline DNA Project at the ICR, to predict who will develop aggressive or lethal prostate cancer commenced in August 2019 at cost of £282,509 over the three year grant period. Due to Covid-19 delays the grant ended, and was then extended for a further three years in October 2023 at the cost of £349.294.
Professor Colin Cooper, The Role of Bacterial Infection in the Development of Human Prostate Cancer grant for Rachel Hurst was awarded initially in January 2020 for two years at a cost of £80,000. The BCCT continued to fund this project with Rachel Hurst with funds being taken up to, but no later, than 31 December 2024. The BCCT will pay 75% of the total grant, approximately £50,000 per annum.
Dan Brewer within Professor Colin Cooper's team on the DESNT project this grant covers the project for one year at £30,000, with a deadline of completion of December 2023.
Furthermore, in July 2021 a grant was offered to Annie Gao within the Bob Champion Unit, ICR/Royal Marsden Hospital. The agreed funding for £42,000 per year is for 3 years (including standard on-costs) commencing from 1 September 2021.
The Trustees are satisfied that the charity will have sufficient resources to fulfil future research grant commitments. The charity has a strong balance sheet position, which includes listed investments of £1,693,539 that can be turned into cash as required.
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
9. Charitable expenditure
| Grants to institutions (note 8) Staff costs Depreciation Premises costs Travel costs Computer and IT costs General office costs Governance costs Total 2023 |
Grant funding of activities 2024 £ 130,129 - - - - - - - 130,129 135,434 |
Support costs 2024 £ - 63,360 483 5,755 1,041 3,049 7,650 9,421 90,759 88,466 |
Total funds 2024 £ 130,129 63,360 483 5,755 1,041 3,049 7,650 9,421 220,888 223,900 |
Total funds 2023 £ 135,434 59,337 641 3,737 744 4,174 7,924 11,909 |
|---|---|---|---|---|
| 223,900 | ||||
Governance costs comprise Trustees' indemnity insurance and independent examiner's fees (2023: Trustees' indemnity insurance, legal fees and independent examiner's fees).
10. Independent examiner's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 5,100 | 4,950 |
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
11. Staff costs
| 2024 £ Wages and salaries 60,000 Social security costs 1,618 Contribution to defined contribution pension schemes 1,742 63,360 The average number of persons employed by the Charity during the year was as follows: 2024 No. Employees 1 |
2023 £ 56,000 1,657 1,680 |
|---|---|
| 59,337 | |
| 2023 No. 1 |
No employee received remuneration amounting to more than £60,000 in either year.
Key management personnel comprise of the Trustees and the Executive Director. Total employment benefits (including social security contributions and employers' pension contributions) of key management personnel during the year were £63,422 (2023: £59,337).
12. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year, donations given by trustees totalled £1,698 (2023: £Nil).
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
13. Tangible fixed assets
| Cost At 1 July 2023 Additions At 30 June 2024 Depreciation At 1 July 2023 Charge for the year At 30 June 2024 Net book value At 30 June 2024 At 30 June 2023 |
Fixtures and fittings £ - 118 118 - 24 24 94 - |
Office equipment £ 6,782 817 7,599 5,663 459 6,122 1,477 1,119 |
Total £ 6,782 935 |
|---|---|---|---|
| 7,717 | |||
| 5,663 483 |
|||
| 6,146 | |||
| 1,571 | |||
| 1,119 |
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
14. Fixed asset investments
| Cost or valuation At 1 July 2023 Additions Revaluations At 30 June 2024 |
Investments in subsidiary companies £ 2 - - 2 |
Listed investments £ 1,506,193 75,000 112,344 1,693,537 |
Total £ 1,506,195 75,000 112,344 |
|---|---|---|---|
| 1,693,539 |
At 30 June 2024, CCLA Fund Managers Limited, an investment management company external to the charity, valued the investments held by the charity at £1,693,537 (2023: £1,506,193). This valuation was made on the basis of the value of the units on the open market in which they are traded. The gain/(loss) is included in the statement of financial activities.
Subsidiary undertakings
The following was a subsidiary undertaking of the Charity:
| Name | Holding | Included in |
|---|---|---|
| consolidation | ||
| Aldaniti Trading Company Limited | 100%No | |
| The financial results of the subsidiary for the year were: | ||
| Name | Net assets | |
| £ | ||
| Aldaniti Trading Company Limited | 2 |
Aldaniti Trading Company Limited, a company incorporated in England and Wales, ceased trading on 30 June 2004 and has not traded since. On this date its trade and assets were transferred to the charity.
15. Debtors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Prepayments | 1,861 | 4,282 |
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
16. Creditors: Amounts falling due within one year
| Trade creditors Amounts owed to group undertakings Other taxation and social security Other creditors Accruals and deferred income Grants committed Deferred income at 1 July 2023 Events income deferred during the year Amounts released from previous periods |
2024 £ 1,649 2 662 3,327 22,361 - 28,001 2024 £ 12,975 8,967 (12,975) 8,967 |
2023 £ 2,991 2 1,199 265 29,295 39,531 |
|---|---|---|
| 73,283 | ||
| 2023 £ - 12,975 - |
||
| 12,975 |
17. Financial instruments
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 1,693,537 | 1,506,193 |
Financial assets measured at fair value through income and expenditure comprise fixed asset investments. Fair value has been determined on the basis of the value of the investment units on the open market in which they are traded.
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Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
18. Statement of funds
Statement of funds - current year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 30 June | |||
| July 2023 | Income | Expenditure | (Losses) | 2024 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Reserves | 1,528,851 | 615,935 | (395,820) | 112,344 | 1,861,310 |
| Statement of funds - prior year | |||||
| Balance at | |||||
| Balance at | Gains/ | 30 June | |||
| 1 July 2022 | Income | Expenditure | (Losses) | 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Reserves | 1,573,711 | 230,372 | (329,956) | 54,724 | 1,528,851 |
19. Analysis of net assets between funds
| Unrestricted funds 2024 £ Tangible fixed assets 1,571 Fixed asset investments heading 1,693,539 Current assets 194,201 Creditors due within one year (28,001) 1,861,310 |
Total funds 2024 £ 1,571 1,693,539 194,201 (28,001) 1,861,310 |
Total funds 2023 £ 1,119 1,506,195 94,820 (73,283) |
|---|---|---|
| 1,528,851 |
Page 26
Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
20. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income/expenditure for the period (as per Statement Activities) Adjustments for: Depreciation charges Losses on investments Dividends, interests and rents from investments Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating activities 21. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 22. Analysis of changes in net debt Cash at bank and in hand |
of Financial At 1 July 2023 £ 90,538 90,538 |
2024 £ 332,459 483 (112,344) (46,708) 2,421 (45,282) 131,029 2024 £ 192,340 192,340 Cash flows £ 101,802 101,802 |
2023 £ (44,860) 720 (54,724) (46,366) (4,008) 7,857 (141,381) 2023 £ 90,538 90,538 At 30 June 2024 £ 192,340 192,340 |
|---|---|---|---|
23. Pension commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £1,680 (2023: £1,680). Contributions totaling £327 (2023: £265) were payable to the fund at the balance sheet date and are included in creditors.
Page 27
Docusign Envelope ID: EB79E8FE-4463-4B44-A6A6-A243DAA3115A
Bob Champion Cancer Trust
Notes to the financial statements For the year ended 30 June 2024
24. Related party transactions
During the year, the charity paid £29,387 (2023: £29,879) to the president of the charity, Mr. Bob Champion, in relation to fees and expenses incurred in fulfilling his duties. The amount outstanding at the year end was £7,274 (2023: £7,479). Bob Champion's retainer has been approved by the Charity Commission.
Page 28