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2023-09-30-accounts

REGISTERED COMPANY NUMBER: 02890943 (England and Wales) REGISTERED CHARITY NUMBER: 1032828

REPORT OF THE TRUSTEEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 FOR CANCER HELP (PRESTON) LIMITED (A COMPANY LIMITED BY GUARANTEE)

Foster & Co. Limited Unit 16 Eastway Business Village Olivers Place Fulwood Preston PR2 9WT

CANCER HELP (PRESTON) LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

Page
Chairmans Report 1 to 2
Report of the Trustees 3 to 9
Independent Examiner’s Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 21
Detailed Statement of Financial Activities 22 to 24

CANCER HELP (PRESTON) LIMITED CHAIRMAN’S REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Another fiscal year has passed, the charity’s thirty third. At the risk of repetition, as I seem to start every such report in this way, the year ended 30 September 2023 was another challenging year. That is the case for most organisations operating in the third sector, as they face similar challenges. Primarily, generating income - as a new year begins the CancerHelp income meters return to zero and the charity needs to raise another third of a million pounds. Secondly, recruiting and retaining volunteers - the charity relies heavily on its team of volunteers who ensure its shops trade, fund-raising events are organised, the day care centres open, and the charity is effectively managed. Finally, ensuring that the charity spends the money given to it as efficiently as possible on those causes for which the money was given.

Whilst CancerHelp’s financial performance is significantly better than expected, primarily due to financial reconciliations, that must be set against a budgeted loss of over £70,000. The improved performance simply mitigates a general trend over recent years. The charity’s financial performance is detailed in the charity’s Annual Accounts 2022/23.

Those Annual Accounts show that, once again, the charity’s expenditure was effectively managed, ensuring it spent what it said it would. Through this report, I would like to recognise the fundraising efforts of the Friends Group and the performance of the shops, both significantly above budget. The shops generated sales of £133,000 and a surplus of just under £100,000 – fantastic! Once again, the charity has maintained substantial reserves in both cash and assets thus ensuring it is in no imminent financial danger. However, it cannot continue to lose money indefinitely and, as our thoughts turn to the coming year, we must deal with this fact.

Over the course of the year the charity delivered 1,369 (1,080) adult sessions, 412 (390) Children and Young People sessions and 1,215 (940) Complementary Therapy sessions. These figures are estimates (see the following paragraph). The figure in brackets is the number of sessions delivered last year. The total number of people seen, on a one-to-one basis, was Adult Services 196, Children and Young People Services 60 and Complementary Services 174. It is important to note that these numbers do not include the considerable number of people helped through drop ins, telephone calls, support groups, and cancer specific groups.

To deliver accurate and up to date performance data the Trustee Board introduced the Senior Management Performance Report, at the beginning of last year. The aim of the report is to provide Trustees and Senior Managers with the information they need to operate the charity efficiently and effectively. Whilst significant steps forward have been made the report requires further work to ensure the data is consistent, dependable, and timely.

In considering the finances and performance data of the charity it is often too easy to forget what the charity is here to do. That is often best expressed by the words of those who have accessed the charity’s services over the last year.

“I was going to make my appointment today even if I had to be carried here. I feel so weak and so poorly, but this is the one feel good thing in my life right now. You make me feel so much better afterwards, both physically and emotionally’.

“When I drive in it feels like I am coming to a sanctuary, I wouldn’t have thought it possible to have a place like this, nowhere else comes close.”

“I feel safer, and I do not feel alone anymore. I have also felt less anxious and have found the therapy very helpful.”

Earlier in the year I heard a presentation by Karol Sikora, a physician specialising in oncology who is recognised as one of the world’s leading authorities on cancer. He suggested that the full impact of the Covid pandemic on cancer diagnosis, treatment and mortality would not be truly seen until two or three years after the pandemic. It is fair to say that, based on the experience of the service delivery teams at CancerHelp, he is correct. The charity is seeing a significant increase in the complexity of the cases being presented. Sadly, this is being driven by the growing number of people seeking help who have mental health issues associated with late diagnosis and delayed treatment. Furthermore, the service delivery teams are reporting an increase in the number of people seeking support who have been diagnosed with terminal cancer.

Page 1

CANCER HELP (PRESTON) LIMITED

CHAIRMAN’S REPORT – continued

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Despite the obvious need for, and appreciation of, the services offered by the charity non-attendance has been a worrying development during the year. Over the course of the year 515 sessions were either missed or cancelled. Whilst the service delivery teams worked hard to compensate, the cost to the charity was significant. This was estimated to be in the region of £30,000 or 20% of the charity’s total expenditure on service delivery. Obviously, this has been an area of intense activity during the year, and it is hoped that the frequency of missed appointments will begin to decrease in the new year.

It was intended that work to refurbish Vine House would commence this year. Indeed, work started on the first counselling room which was to be used as a trial and a sample room. The resulting expenditure is recorded in the accounts within Repairs and Renewals. It is fair to say that lessons were learnt during the creation of the trial room and as a result the project was rescheduled. The project was split into four phases the first of which (service delivery rooms) will commence in November 2023.

I started this report by referring to the fact that this is the charity’s thirty third Annual Report. Over those thirtythree years CancerHelp has created two-day care centres, supported tens of thousands of people and raised millions of pounds to do so. It is a remarkable achievement; one that would not have been possible without the hard work, commitment, and professionalism of all those associated with the charity.

To all those who currently work or volunteer for CancerHelp, thank you so much.

Jonathan Gorick Chair of Trustees

Page 2

CANCER HELP (PRESTON) LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

INTRODUCTION

The Board of trustees

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of 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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02890943

Registered Charity number 1032828

Registered office

Vine House Day Care Centre 22 Cromwell Road Ribbleton Preston Lancashire PR2 6YB

Trustees

Mr J D Gorick Miss J M Robinson Mr P D Hine Miss R Mallett Rev D L Anderson Mr M J Swift Mrs R L Rose Mrs A R Shorrock

Company Secretary Mrs H C Patterson

General Manager Miss J Smalley

Honorary Treasurer Miss R Mallett

Independent examiner

Ms JK Foster ACA Institute of Chartered Accountants in England & Wales Foster & Co Ltd Unit 16 Eastway Business Village Olivers Place Fulwood Preston PR2 9WT

Bankers

The Charity’s bankers are Barclays Bank PLC, 38 Market Street, Lancaster, LA1 1HS.

Page 3

CANCER HELP (PRESTON) LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

OBJECTIVES AND ACTIVITIES Management

The operation of the charity is overseen by the Trustee Board which meets quarterly and at the Annual General Meeting. The Trustee Board provides the strategic direction for the charity but passes control of the day-to-day operation of the charity to the Senior Management Team. The Senior Management Team consists of the General Manager and the Heads of Service – Adult Talking Therapies, Children and Young Peoples’ Therapies and Complementary Therapies. The day-to-day management of the charity is governed by the following parameters - the Aims of the Charity, the income and expenditure targets contained in the Annual Budget, the key objectives laid out in the Operating Plan and the guidance provided by the Trustees during the year. Outside of these parameters the Senior Management Team defers matters to the Trustees Board for guidance.

During the Covid pandemic the Trustee Board established an Operating Group of Trustees to work closely with the charity’s senior managers. The OGT consists of the Chairman, Jonathan Gorick, Treasurer, Rachel Mallett and Trustee, Mike Swift. Through its monthly meetings with the General Manager, the Trustee Assurance Meetings (TAM), trustees continue to oversee the operation of the charity. The significant decisions and outcomes of the TAM’s are referred to the Trustee Board for approval by the OGT.

The Trustee Board is pleased to report that CancerHelp has survived another difficult year. Whilst the charity has made a loss it was significantly less than expected. This has been achieved through the hard work and commitment of its staff and volunteers. The charity has continued to deliver its support to all those who have sought its help. In doing so the charity has had to draw on its reserves. Nonetheless the charity’s reserves, both current and fixed, remain healthy and continue to meet the Reserves Policy laid out in this document.

Aims

CancerHelp strives to be the leading charitable provider of support for all those affected by cancer and close family bereavement, in Central Lancashire. CancerHelp will offer the highest standards of help, advice, and therapy to all those who seek assistance; allowing them to find comfort, gain self-confidence and, above all, live fulfilled lives.

Page 4

CANCER HELP (PRESTON) LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Significant activities

The main activities undertaken in relation to the objectives of the charity include a mix of one-to-one counselling/therapy and groupwork. The main areas of one-to-one support are:

The main areas of group support are:

The charity’s services are reviewed on a regular basis to ensure they continue to satisfy the objectives of the charity and continue to meet the needs of service users. Client feedback is sought and published within senior management reports. Almost exclusively that feedback is very positive reflecting the value of the services provided and their ability to help service users to deal with traumatic circumstances.

The charity offers a dedicated service for children and young people. The service provides support to those who are affected by cancer themselves or in their immediate family. That support extends to children and young people who are experiencing, or have experienced, close family bereavement associated with cancer. It is well known that, without appropriate support, many such children and young people go on to develop psychological disorders that can adversely affect the remainder of their lives. Sadly, the statutory Children and Adolescent Mental Health Services have raised their thresholds so that bereavement no longer meets their referral criteria. CancerHelp’s Stride service is unique in Central Lancashire.

The benefit provided to the people of Central Lancashire by CancerHelp cannot be measured in terms of money or statistics. It must be measured in terms of the well-being of that large part of society touched by cancer. To the recipients of CancerHelp’s support the benefit is invaluable.

Page 5

CANCER HELP (PRESTON) LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Public benefit

The trustees have given due consideration to Charity Commission published guidance on the operation of the public benefit requirement.

The charity exists to help all those affected by cancer in Central Lancashire. It aims to help cancer patients, their families, and their carers to live with the disease and its consequences. This includes support through diagnosis, treatment and sadly sometimes death. CancerHelp fills a significant gap in service provision in Central Lancashire. That gap lies between the diagnostic, medical intervention and associated support services offered by Lancashire Teaching Hospitals, including the NHS charitable organisation Rosemere, and the palliative care provided by St Catherine’s Hospice.

Macmillan Cancer Support estimates that there are over three million people currently living with Cancer in the UK, a figure that has increased by almost 500,000 in the last five years. It is anticipated that, by 2030, the number of people living with cancer will be four million. Talking therapies and complimentary therapies have been proved to be effective in protecting the wellbeing of people coping with the disease and its consequences. The services offered by charities such as CancerHelp have never been more important than they are now.

That is why, every year, several hundred people from Central Lancashire access the charity’s cancer support centres in Preston (Vine House) and Garstang (Croston House). Following assessment, they are directed to one, or more, of the charity’s services, depending on their individual need. Usually this will result in six to eight one to one meetings with one of the charity’s qualified and experienced counsellors or access to one of the specific support groups. Support can be provided in person at Vine House or Croston House (as and when it has been possible to open), at home, by video link or over the phone. CancerHelp provides several thousand service user sessions every year. All the services offered by the charity are free of charge.

Over the course of its thirty plus years, Cancer Help has supported tens of thousands of local people who have been impacted by the diagnosis, treatment, and sadly sometimes terminal nature of cancer. Were it not for the charity, most of these people would have faced their fears, stress and anxiety alone.

Cancer does not discriminate by age, gender, race, or background and neither does CancerHelp; everyone is welcome to access its services.

Volunteers

This report offers Trustees the opportunity to recognise that the charity could not function without its team of dedicated volunteers. Without their much-appreciated efforts the community would be deprived of an invaluable service. They are the lifeblood of the charity and are often its unsung heroes.

Once again, this has never been truer than in the year just ended. Volunteers ensure the charity’s shops open, fundraising events are organised and the charity’s day care centres can operate. Without volunteers the charity would not exist and its vital services would not be delivered.

CancerHelp, like many other charities, has a constant need for new volunteers. Generally, its ranks of volunteers tend to be elderly and sadly, for several reasons, some are no longer with us. The charity has an active program to recruit volunteers at all points of contact with the public. Not surprisingly many volunteers come from the large number of people who have benefitted either directly or indirectly from the work of the charity. Others have been young people volunteering in the charity shops, particularly students. That is vital as new energy and enthusiasm provides encouragement to existing volunteers. CancerHelp strives to ensure volunteering is a positive experience that has the potential to provide a sense of giving back, confidence, self-worth, companionship, and valuable work experience.

Finally, it is worth remembering that the Trustees, who are ultimately responsible for the well-being of the charity, are also volunteers. They provide their time, experience, and skills free of charge.

Page 6

CANCER HELP (PRESTON) LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities

The after effect of the Covid pandemic continues to be felt. Many cancer patients continue to experience delays to diagnosis and to treatment. At its extreme this has resulted in treatable cancers becoming terminal. More commonly cancer patients have experienced significant levels of stress which has resulted in mental health issues. It therefore comes as no surprise that CancerHelp’s counsellors and therapists have noted a significant increase in the complexity of the cases presented to them. The charity’s service delivery teams are also seeing more people with a terminal cancer diagnosis. This has meant the charity’s service delivery teams have had to spend more time with individual clients depending on their specific needs. Nonetheless, over the course of the year, CancerHelp supported several hundred new service users and has continued to offer its core services.

The provision of a comprehensive assessment process at the first point of contact allows CancerHelp to direct service users to the most appropriate service or services. The charity provides and facilitates counselling and support for each person as an individual at their own pace depending on the individual stage of the illness or psychological need.

For thirty-three years CancerHelp has been providing support services for cancer patients, their families, their carers and young people affected by bereavement. This year has been another of the most difficult and challenging the charity has experienced.

Fundraising activities

The charity’s single most important source of income has been its shops which sell donated goods to the public. Post Covid, the charity was forced to sell two of its four shops, Plungington Road and New Hall Lane Preston. Obviously, this created concerns regarding income. However, the two remaining shops have performed remarkably well delivering a comparable surplus to the four shops. In particular, the Garstang shop set new records for both turnover and surplus.

Income derived from “in person” fundraising was maintained as was income derived from donations. Within those income streams, the Friends Group maintained their invaluable support for the charity and raised significantly more than budgeted. Thanks in part to one off funding, income from grants was better than expected though concerns regarding resource for next year need to be addressed.

Income derived from contracts to supply services to the local NHS Clinical Commissioning Group was maintained. However, the charity must maintain a watching brief as the CCG goes through yet another restructure to become Integrated Care Systems (ICS’s).

As previously reported the charity’s financial survival can be put down to several factors. Primarily the hard work of its own staff and volunteers though it is important to note the charity once again drew on its reserves.

Page 7

CANCER HELP (PRESTON) LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

FINANCIAL REVIEW

Principal funding sources

For many years the charity’s principal funding sources have remained the same. The single largest source of income are the shops which deliver one third of the charity’s income. Thereafter voluntary giving, made up of donations and fund raising, provides a further third of the charity’s income. Finally, there is the income received from the NHS through contracts with the local Clinical Commissioning Group to deliver specific services. The Trustees are aware that this funding stream is changing as the CCG’s are replaced with Integrated Care Systems. Time is being taken by the charity’s senior managers to ensure the charity is represented in this change process.

Investment policy and objectives

It is the policy of the Trustees to be risk averse in the stewardship of its resources and therefore cash deposits are not to be applied in any venture considered by them to be risky. Although interest rates on cash deposits remain at an all-time low the Trustees believe the security of the capital sums on deposit are a priority.

Reserves policy

The Trustee Board’s current policy is to hold a minimum of six months operating costs in reserve. These are free reserves to be used for charitable purposes with no restrictions placed upon them. Despite the events of this year the Trustees believe that it is highly unlikely that all CancerHelp’s income streams would fail simultaneously and therefore the charity’s reserves would be added to during that six-month period. Any reserves relating to restricted funds do not have a spending timescale imposed on them.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, its memorandum and articles of association dated 25th January 1994, and constitutes a limited company, limited by guarantee. Its memorandum and articles of association were amended on 22nd April 1998 and again on 20th April 2016 when the company's articles of association were modernised and brought up to date following various changes in statutory legislation. The liability of the members is limited to £1 per member.

Recruitment and appointment of new trustees

The recruitment and appointment of new Trustees rests with the board of directors who are the trustees. In identifying potential new Trustees, the board consider any potential gaps in the makeup of the existing board and look specifically to recruit someone with the necessary skills and experience to actively bring benefit to the charity from their expertise.

Organisational structure

The trustees meet every three months to discuss the charity’s affairs, the application of the charity’s funds and plan for future events. Beneath this sits the Trustee Advisory Meeting (TAM) which is held every month. The TAM provides the link between the Trustee Board and the senior management of the charity. The meeting consists of the Operating Group of Trustees and the General Manager. The TAM feeds into the Senior Management Team Meeting which is held monthly and attended by the Heads of Service and the General Manager. The meetings are scheduled to promote a two way flow of information to and from the Trustee Board.

Twice a year the charity holds a Team Briefing, which is open to all members of staff. The briefing provides staff members with an overview of the performance of the charity and an opportunity to ask questions about the operations of the charity.

Induction and training of new trustees

New trustees are given all the necessary and relevant information relating to the running of the charity over recent years to bring them up to speed with the charity and its work and how it operates thus promoting a seamless introduction.

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CANCER HELP (PRESTON) LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Wider network

Referrals are often given by health professionals working for the National Health Service whose own organisation cannot provide the kind of service being offered by the charity. Patients and/or their families and carers can also refer themselves directly and the charity's services are open to anyone regardless of age, race or ability to pay with support offered by specialist professionals each accredited in their relevant area of expertise.

Related parties

The Trustees consider that they themselves and the General Manager and Company Secretary have the power to exert significant influence over the charity. Generally, there are no transactions either directly or indirectly between parties connected to the above and the charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have a risk register which identifies those major risks to which the charity is exposed. Where appropriate systems or procedures have been established to mitigate those risks. This register is updated periodically.

Conclusion

As was the case last year, the focus of the Board of Trustees has been the risk of depletion of financial resources. The Trustees are very much aware that once again the charity has drawn on its reserves to secure its survival for another year. Policies to increase, and diversify, income to avoid dependency upon such sources of income will be considered. The charity will need to build on the success it has seen in some areas such as shop income. CancerHelp continues to seek corporate support from local businesses.

The balance between the need to manage finances and fulfil CancerHelp’s objectives has been a significant challenge for the Trustees. The results contained in these Annual Accounts highlight a degree of success in achieving this. However, the fact remains that for several years there has been downward pressure on income streams and upward pressure on expenditure.

As a result, the charity is facing yet another challenging year in which new forms of income will be required and one in which its costs will need to be closely managed. Despite the challenges, the Trustees remain committed to ensuring the long-term future of the charity and the continued delivery of support to those that seek its help.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 20 March 2024 and signed on its behalf by:

............................................. Mr J D Gorick - Trustee

Page 9

CANCER HELP (PRESTON) LIMITED

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CANCER HELP (PRESTON) LIMITED

Independent examiner’s report to the trustees of Cancer Help (Preston) Limited (‘the Company)’

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity’s accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

The Company’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England & Wales.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the Charities SORP (FRS 102).

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.

Ms J K Foster A.C.A. Institute of Chartered Accountants in England & Wales Foster & Co Limited Unit 16 Eastway Business Village Olivers Place Fulwood Preston Lancashire PR2 9WT

Date: 20 March 2024

Page 10

CANCER HELP (PRESTON) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Unrestricted
Restricted
Notes
Fund
Fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
148,156
54,973
Other trading activities
2
181,735
-
Investment income
3
8,290
-
_
_
Total
338,181
54,973
EXPENDITURE ON
Raising funds
4
47,217
-
Charitable activities
Therapies & support costs
171,502
84,213
Governance costs
91,567
-
_
_
Total
310,286
84,213
_
_
NET INCOME/(EXPENDITURE)
27,895
(29,240)
Transfers between funds
13
(29,240)
29,240
_
_
Net movement in funds
(1,345)
-
RECONCILIATION OF FUNDS
Total funds brought forward
1,102,014
-
_
_
TOTAL FUNDS CARRIED FORWARD1,100,669
-
__
_		 2023
Total
Funds
£
203,129
181,735
8,290
_
393,154
47,217
255,715
91,567
_
394,499
_
(1,345)
-
_
(1,345)
1,102,014
_
1,100,669
_		 2022
Total
Funds
£
143,703
160,538
5,390
_
309,631
47,086
204,460
82,733
_
334,279
_
(24,648)
-
_
(24,648)
1,126,662
_
1,102,014
_

The notes form part of these financial statements

Page 11

CANCER HELP (PRESTON) LIMITED

BALANCE SHEET 30 SEPTEMBER 2023

Unrestricted
Notes
Fund
£
FIXED ASSETS
Tangible Assets
9
811,127
CURRENT STOCK
Stocks
10
250
Debtors
11
50,391
Cash at bank and in hand
283,938
_
334,579
CREDITORS
Amounts falling due within one
year
12
(45,037)
_
NET CURRENT ASSETS
289,542
_
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,100,669
_
NET ASSETS
1,100,669
__
FUNDS
13
Unrestricted funds
TOTAL FUNDS		 Restricted
Fund
£
-
-
-
77,057
_
77,057
(77,057)
_
-
_
-
_
-
__		 2023
Total
Funds
£
811,127
250
50,391
360,995
_
411,636
(122,094)
________
289,542
________

1,100,669
_

1,100,669
_
1,100,669
_
1,100,669
__		 2022
Total
Funds
£
809,160
679
32,068
385,507
_
418,254
(125,400)
_
292,854
_
1,102,014
_
1,102,014
_
1,102,014
_
1,102,014
__

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for

The notes form part of these financial statements Page 12

CANCER HELP (PRESTON) LIMITED

BALANCE SHEET - continued

30 SEPTEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees and authorised for issue on

20 March 2024 and were signed on its behalf by:

…………………………. Miss R Mallett - Trustee

The notes form part of these financial statements

Page 13

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Cancer Help (Preston) Limited is a private company, limited by guarantee, registered in England and Wales. The company’s registered office address can be found on page 3 of the Trustees Report.

The presentation currency of the financial statements is the Pound Sterling (£). The financial statements are rounded to the nearest £1.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment - 20% on cost Motor vehicles - 20% on cost

The trustees arrange for the property to be revalued on a regular basis by Garside Waddingham, Chartered Surveyors. The most recent valuation was undertaken on 7 July 2022 and showed that the value had increased to £885,000. Historically, the trustees have adopted the market value within the accounts, but this year have not shown details of the increased value as one property is undergoing significant refurbishment, and the trustees will arrange for a further revaluation to be undertaken when work has been completed. As the professional valuation shows an increased value, no depreciation has been charged.

Page 14

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES – continued Capitalisation of fixed assets

Each class of assets is included at cost except for land and buildings which is capitalised at valuation. Only assets with a value of £400 or more will be added to capital expenditure, small amounts being considered trivial in nature.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities and also from Value Added Tax on its trading activities relating to its four charity shops.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor/provider of funding or when funds are raised for particular restricted purposes.

Financial instruments

The following assets and liabilities are classified as financial instruments – cash at bank and on hand, trade and other debtors, trade creditors and bank loans.

They are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Donated goods

Members of the public and supporters of the Charity donate goods to each of the Charity’s four shops. The income derived from the sale of those goods in recognised only when a sale has been made, or where the goods are not saleable when a receipt is made for the sale of scrap or waste products.

Where goods of a capital nature are donated for the Charity’s use the value ascribed to those goods are what a reasonable person would pay for the equipment bearing in mind its age, and condition when acquired. Such a value is then treated as a cost for the equipment and also as an income donation of an equal amount.

Retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 15

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. OTHER TRADING ACTIVITIES

Fundraising events
Shop takings
Christmas card sales
3.
INVESTMENT INCOME
Rents received
Bank account interest
4.
RAISING FUNDS
Raising donations and legacies
Consultancy fees re grants
Other trading activities
Shop Overheads
Christmas cards
Fundraising event costs
Aggregate amounts		 2023
£
47,774
133,525
436
_
181,735
_
2023
£
5,700
2,590
_
8,290
_
2023
£
7,200
_
2023
£
37,614
575
1,828
_
40,017
_
47,217
_		 2022
£
33,176
127,132
230
_
160,538
_		 2022
2022
£
5,390
-
__
5,390
_____		 2022
2022
£
4,000
_		 2022
2022
£
42,888
137
61
_
43,086
_		 2022
47,086
_

Page 16

CANCER HELP (PRESTON) LIMITED NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.
NET (EXPENDITURE)/INCOME
Net (expenditure)/income is stated after charging/(crediting):
Depreciation – owned assets
Independent examination fee		 2023
£
2,782
__
3,200
____		 2022
£
4,632
_____		 2022
3,000
_____

6. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
Fund
Fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
107,227
36,476
Other trading activities
160,538
-
Investment income
5,390
-
_
_
Total
273,155
36,476
_
_
EXPENDITURE ON
Raising funds
47,086
-
Charitable activities
Therapy Work
132,145
72,315
Support costs
82,733
-
_
_
Total
261,964
72,315
_
_
NET INCOME/(EXPENDITURE)
11,191
(35,839)
Transfers between funds
(35,839)
35,839
RECONCILIATION OF FUNDS
Total funds brought forward
1,126,662
-
_
_______

TOTAL FUNDS CARRIED FORWARD
1,102,014
-
__
_		 Total
Fund
£
143,703
160,538
5,390
_
309,631
_
47,086
204,460
82,733
_
334,279
_
(24,648)
-
1,126,662
_
1,102,014
_

Page 17

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. EMPLOYEE EMOLUMENTS

No employees’ benefits exceeded £60,000 during the year (including taxable benefits in kind but not including pension contributions).

Two employees classified as key management personnel received between them £53,281 (2022: £49,360).

9. TANGIBLE FIXED ASSETS

Land and
Office
Buildings
Equipment
£
£
COST/VALUATION
At 1 October 2022 &
30 September 2023
800,000
147,774
Disposals
-
(96,823)
Additions
-
4,749
_
_
As at 30 September 2023
800,000
55,700
_
_
DEPRECIATION
At 1 October 2022
-
138,614
Released on Disposals
-
(96,823)
Charge for year
-
2,782
_
_
At 30 September 2023
-
44,573
_
_
NET BOOK VALUE
At 30 September 2023
800,000
11,127
_
_
At 30 September 2022
800,000
9,160
_
_		 Motor
vehicles
£
10,000
-
-
_
10,000
_
10,000
-
-
_
10,000
_
-
_
-
_		 Totals
£
957,774
(96,823)
4,749
_
865,700
_
148,614
(96,823)
2,782
_
54,573
_
811,127
_
809,160
_

Included in cost of land and buildings is freehold land of £245,000 (2022 - £245,000).

The valuation of freehold properties is based on an open market valuation undertaken by Garside Waddingham, Chartered Surveyors on 22 April 2016. The trustees obtained a further valuation in July 2022 which showed a revalued amount of £885,000. As detailed in the accounting policies note the trustees have not adopted this value.

If freehold property had not been revalued it would have been included at the following historical cost:

£

Cost 807,450
_

Page 18

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued

FOR THE YEAR ENDED 30 SEPTEMBER 2023

10.
STOCKS
2023
£
Stocks
250

11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Other debtors
37,079
Prepayments
13,312
_
50,391
_
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade creditors
30,479
Social security and other taxes
1,066
Other creditors
400
Accruals and deferred income
90,149
_
122,094
____		 2022
£
679

2022
£
24,539
7,529

32,068

2022
£
18,549
920
400
105,531
_
125,400
____		 2022
£
679

2022
£
24,539
7,529

32,068
___		 2022
£
679
___
2022

2022

Deferred income consists of funding received during the year, the performance relating to that funding to be carried out in the following year.

13. MOVEMENT IN FUNDS

Net
Movement
At 01.10.22
in funds
£
£
Unrestricted funds
Unrestricted fund
1,102,014
27,895
Restricted funds
Restricted fund
-
(29,240)
_
_
TOTAL FUNDS
1,102,014
(1,345)
_
_		 Transfer
between
funds At 30.09.23
£
£
(29,240)
1,100,669
29,240
-
_
_
-
1,100,669
_
_

Page 19

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

13. MOVEMENT IN FUNDS – continued

Incoming Resources Movement
Resources expended in funds
£ £ £
Unrestricted funds
Unrestricted fund 338,181 (310,286) 27,895
Restricted funds
Restricted fund 54,973 (84,213) (29,240)
_ _ _
TOTAL FUNDS 393,154 394,499 (1,345)
_ _ _
Comparatives for movement in funds
Net Transfer
Movement between
At 1.10.21 in funds funds At 30.09.22
£ £ £ £
Unrestricted funds
Unrestricted fund 1,126,662 11,191 (35,839) 1,102,014
Restricted funds
Unrestricted fund - (35,839) 35,839 -
__ __ _ _
TOTAL FUNDS 1,126,662 (24,648) - 1,102,014
__ __ _ _

Comparative net movement in funds, included in the above are as follows:-

Unrestricted funds
Unrestricted fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
Resources
£
273,155
36,476
_
309,631
_		 Resources
Movement
expended
in funds
£
£
(261,964)
11,191
(72,315)
(35,839)
_
_
334,279
24,648
_
_

Page 20

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

14. CONTINGENT LIABILITIES

The Charity has historically received funds (2022 : £8,892) from the client accounts of a firm of solicitors connected to the Charity by virtue of common directorships. Despite the best efforts of the law firm to trace their missing clients they were unable to do so, and The Solicitors Regulation Authority have confirmed the funds may be donated to charity on the undertaking that a repayment will be made should the missing clients (or any of them) be traced.

Although the funds have been received the Trustees have had to sign indemnities in favour of the law firm to repay some or all of the amounts totalling £27,848 should those missing clients be traced.

Any liabilities are contingent on the missing clients being found and them proving to have a valid claim on the funds which have now been donated.

15. RELATED PARTY DISCLOSURES

During the year ended 30 September 2023 aggregate donations were received from Directors/Trustees or organisations connected to former Directors/Trustees amounting to £43,190 (2022 £21,876) of which £20,835 have been specifically provided to facilitate significant refurbishment at Vine House. The remaining donations were received without attached conditions which would, or might, require the charity to alter significantly the nature of its existing activities.

16. ULTIMATE CONTROLLING PARTY

The Directors consider that there is no controlling party as the company is limited by guarantee, and there is no one person exercising dominant influence over the Charity.

17. OPERATING LEASE COMMITMENTS

The following operating lease payments are committed to be paid within one year:-

Land and buildings
Expiring:
Within one year
Between one and five years		 2023
£
-
20,000
_
20,000
_		 2022
£
-
20,000
_
20,000
_		 2022

Page 21