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← Cancer Help (Preston) Limited

2024-09-30-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 2024 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 2024

Page
Chairmans Report 1 to 2
Report of the Trustees 3 to 10
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13 to 14
Notes to the Financial Statements 15 to 22
Detailed Statement of Financial Activities 23 to 25

CANCER HELP (PRESTON) LIMITED

CHAIRMAN’S REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Once again, another year seems to have flown by and much as happened within the charity during the year, most notably the refurbishment of Vine House.

In my report last year, covering the year ended 30[th] September 2023, I expressed my concern regarding the levels of non-attendance being experienced by the charity. Over the course of that year the charity recorded nonattendance rates of 20%. Whilst this is by no means unusual within the healthcare sector it is incredibly disappointing. Not least because the charity delivers its services free of charge and has a long waiting list of people wishing to access those services. During this year, the charity implemented policies designed to manage nonattendance including, in the more extreme cases, removal from support programs. I am pleased to report that nonattendance decreased during the year to 15% and in the last quarter of the year to just over 10%.

Over the course of the year the charity delivered 1,138 (1,370) adult sessions, 286 (412) Children and Young People sessions and 1,098 (1,215) Complementary Therapy sessions. The figure in brackets is the number of sessions delivered last year. The total number of people seen was Adult Services 163 (196), Children and Young People Services 41 (60) and Complementary Services 156 (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.

The decrease in the numbers of people seen can be attributed to long term staff absences, a reduction in the number of group sessions delivered and, significantly, the closure of Vine House over several weeks, during its refurbishment. This has not been helped by the continued increase in the number of complex cases being supported by the service delivery teams. Many such cases are the result of late diagnosis and delays to treatment associated with the covid pandemic. The service delivery teams are working hard to meet the needs of clients in increasingly challenging circumstances.

Over the course of the year there has been an underlying growth in the number of people waiting to be seen, across all three services. Whilst there is no doubt that the issues discussed above have not helped, the growth in the waiting lists is being driven by an increase in referrals which is beginning to outstrip capacity. As a result, the charity will need to change the way in which it delivers services and manages the process of service delivery, in the coming year.

In any organisation managing change is always a challenge. Historically the charity has, at the beginning of each year, identified key objectives for the coming year. In my review of the year, most targets we set ourselves have not been met. There are of course reasons why this is the case not least the pressure of simply managing the charity on a day-to-day basis. So, this year we introduced a process designed to deliver change through a team made up of trustees, senior managers, and members of staff. The Future Forum Strategy process is proving to be most effective and has delivered improvements in several key areas such as finance, service delivery and performance data.

Of course, finance remains a major challenge for the charity. At the beginning of the year the Trustee Board approved a budget that was based on a projected deficit of £30,000 for the year. By the end of the year the charity’s management accounts indicated that it would record a trading deficit of £22,000.

However, as you will see in the Annual Accounts for the year ended 30[th] September 2024, the charity is reporting a surplus of £9,000.

Whilst on the face of it that result is incredibly positive, it is one that is driven by accounting policies rather than trading performance. To try and explain - over the course of the year the charity received substantial donations to fund the refurbishment of Vine House. Those donations formed part of the charity’s income and were spent in entirety on the refurbishment project. However, the refurbishment included items such as furniture, IT hardware, telecoms, alarm systems and computers. The cost, or value, of such items is recorded on the charity’s balance sheet and not on its profit and loss, or trading, account. Therefore, the net result is to increase income but not expenditure by the equivalent amount, which thereby increases profitability.

Page 1

CANCER HELP (PRESTON) LIMITED

CHAIRMAN’S REPORT – continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Over the course of the year the charity’s reserves fell by £32,000, indicating that at a trading level the charity’s expenditure was £32,000 higher than its income and closer to its management account result.

This continues a general financial trend at a trading level; one of carefully managed expenditure and decreasing income. This year has been no different and it is something that everyone within the charity is trying to reverse. However, within those numbers I would like to draw attention to the fundraising efforts of the Friends Group and the performance of the shops, both significant contributors to the charity’s income. The shops generated sales of £130,000 and a surplus of just under £100,000 which is wonderful.

Despite my earlier comments, the charity has maintained substantial reserves in both cash and assets thus ensuring it is in no imminent financial danger. However, its continuing failure to cover its costs must be addressed.

The charity’s financial performance is provided in full detail in its Annual Accounts 2023/24 and, considering my comments above, I would ask you to study the financial report contained in that document.

As the year neared its close the project to refurbish the whole of Vine House was concluded. The results are superb, and the charity now has a facility that is second to none in which to deliver its services. The feedback from clients, staff and visitors is incredibly positive and can only reinforce the charity’s reputation. Of course, this would not have been achieved without the support of several sponsors. Primarily, the Topping family who, through Barton Grange, have financed and project managed the refurbishment. They have done so in memory of their father Eddie Topping, the charity’s founding Chair. We are incredibly grateful for their support. I should add, the charity has itself contributed to the development both financially and in design. The overall appearance and feel of Vine House are a credit to the in-house project team.

That just leaves me to say thank you to everyone associated with the charity for their hard work, commitment, and support. The charity is, in so many ways, a reflection of its staff, volunteers and supporters without whom CancerHelp would not exist.

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 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02890943

Registered Charity number 1032828

Registered office

Vine House 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

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 2024

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 2024. 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.

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 agreed through operational meetings 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. It continues to meet each month 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 TAMs are recorded and 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, and the accounts show a modest profit for the year, following the capitalisation of some its costs. The results have 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 2024

Aims - continued

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 Children’s and Young People’s 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 2024

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 complementary 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, 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 2024

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 have 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 over thirty 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. Following the Covid pandemic the charity was forced to close two of its four shops. Obviously, this created concerns regarding income. However, the two remaining shops have performed remarkably well delivering a comparable surplus to the four shops.

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.

Income generated through grants fell significantly from the previous year though the charity received large oneoff funding in that year. Nonetheless, renewed focus needs to be placed on securing grant income.

Over 10% of the charity’s income is derived from contracts to supply services to the local NHS. The Trustees are aware that the process of funding through the NHS is going through change as funding decisions are made through Integrated Care Systems (ICS’s). The charity needs to maintain its profile and highlight its case for continued funding during this change.

During the course of the year the charity received significant funding from the Topping family, through Barton Grange, to complete a full refurbishment of Vine House.

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 2024

FINANCIAL REVIEW

Principal funding sources

For many years the charity’s principal funding sources have remained the same. Under normal circumstances the single largest source of income would be from the two shops, delivering one third of the charity’s income. Thereafter the charity relies on voluntary giving which would normally make up another third of the charity’s income. However, this year, due to the donations made to fund the refurbishment of Vine House, voluntary giving equates to more than half of the charity’s total income. Obviously, that is one off income and will not be repeated next year. The final element of principal funding comes from the NHS through contracts with the local Integrated Care Systems.

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.

Vine House Project and its Impact on the Annual Accounts

According to its Annual Accounts, CancerHelp generated a surplus of £9,000 in the year. However, the Trustees wish to point out that this surplus resulted from accounting policies, and particularly the treatment of donations received for the refurbishment of Vine House. Monies were spent on capital items, such as furniture and computers, that were recorded on the balance sheet rather than the profit and loss account. This had the effect of reducing expenditure on the profit and loss account whilst maintaining the full value of the income. At the end of the year the CancerHelp’s management accounts indicated the charity would record a deficit of £22,000. The charity’s reserves have fallen by £32,000 which given the surplus of £9,000, shown in the Annual Accounts, would support the trading result indicated by the management accounts.

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 looks specifically to recruit someone with the necessary skills and experience to actively bring benefit to the charity from their expertise.

Page 8

CANCER HELP (PRESTON) LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 operation 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.

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 continue to be developed. 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.

Page 9

CANCER HELP (PRESTON) LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 19 March 2025 and signed on its behalf by:

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

Page 10

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 2024.

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: 19 March 2025

Page 11

CANCER HELP (PRESTON) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted
Restricted
Notes
Fund
Fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
160,927
194,661
Other trading activities
2
172,859
-
Investment income
3
10,608
-
_
_
Total
344,394
194,661
EXPENDITURE ON
Raising funds
4
41,589
-
Charitable activities
Therapies & support costs
158,794
82,648
Governance costs
98,418
-
Property Refurbishment
-
148,298
_
_
Total
298,801
230,946
_
_
NET INCOME/(EXPENDITURE)
45,593
(36,285)
Transfers between funds
13
(36,285)
36,285
_
_
Net movement in funds
9,308
-
RECONCILIATION OF FUNDS
Total funds brought forward
1,100,669
-
_
_
TOTAL FUNDS CARRIED FORWARD1,109,977
-
__
_		 2024
Total
Funds
£
355,588
172,859
10,608
_
539,055
41,589
241,442
98,418
148,298
_
529,747
_
9,308
-
_
9,308
1,100,669
_
1,109,977
_		 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
_

The notes form part of these financial statements

Page 12

CANCER HELP (PRESTON) LIMITED

BALANCE SHEET 30 SEPTEMBER 2024

Unrestricted
Notes
Fund
£
FIXED ASSETS
Tangible Assets
9
833,691
CURRENT STOCK
Stocks
10
900
Debtors
11
66,847
Cash at bank and in hand
255,282
_
323,029
CREDITORS
Amounts falling due within one
year
12
(46,743)
_
NET CURRENT ASSETS
276,286
_
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,109,977
_
NET ASSETS
1,109,977
__
FUNDS
13
Unrestricted funds
TOTAL FUNDS		 Restricted
Fund
£
-
-
-
73,624
_
73,624
(73,624)
_
-
_
-
_
-
__		 2024
Total
Funds
£
833,691
900
66,847
328,906
_
396,653
(120,367)
________
276,286
________

1,109,977
_

1,109,977
_
1,109,977
_
1,109,977
__		 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
__

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 13

CANCER HELP (PRESTON) LIMITED

BALANCE SHEET - continued

30 SEPTEMBER 2024

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

19 March 2025 and were signed on its behalf by:

…………………………. Miss R Mallett - Trustee

The notes form part of these financial statements

Page 14

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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.

Furnishings and 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 have not currently shown details of the increased value as one property has undergone significant refurbishment, and the trustees will shortly arrange for a further revaluation to be undertaken. As the professional valuation shows an increased value on the latest valuation figure, no depreciation has been charged.

Page 15

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2024

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. Historically only assets with a value of £400 or more have been added to capital expenditure, small amounts being considered trivial in nature. However, during the refurbishment some trivial items were capitalised.

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 16

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2024

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		 2024
£
38,264
133,627
968
_
172,859
_
2024
£
5,940
4,668
_
10,608
_
2024
£
-
_
2024
£
40,843
746
-
_
41,589
_
41,589
_		 2023
£
47,774
133,525
436
_
181,735
_		 2023
2023
£
5,700
2,590
__
8,290
_____		 2023
2023
£
7,200
_		 2023
2023
£
37,614
575
1,828
_
40,017
_		 2023
47,217
_

Page 17

CANCER HELP (PRESTON) LIMITED NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.
NET (EXPENDITURE)/INCOME
Net (expenditure)/income is stated after charging/(crediting):
Depreciation – owned assets
Independent examination fee		 2024
£
8,423
__
3,400
____		 2023
£
2,782
_____		 2023
3,200
_____

6. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
Fund
Fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
148,156
54,973
Other trading activities
181,735
-
Investment income
8,290
-
_
_
Total
338,181
54,973
_
_
EXPENDITURE ON
Raising funds
47,217
-
Charitable activities
Therapy Work
171,502
84,213
Support costs
91,567
-
_
_
Total
310,286
84,213
_
_
NET INCOME/(EXPENDITURE)
27,895
(29,240)
Transfers between funds
(29,240)
29,240
RECONCILIATION OF FUNDS
Total funds brought forward
1,102,014
-
_
_
TOTAL FUNDS CARRIED FORWARD
1,100,669
-
_
_		 Total
Fund
£
203,129
181,735
8,290
_
393,154
_
47,217
255,715
91,567
_
394,499
_
(1,345)
-
1,102,014
_
1,100,669
_

Page 18

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 £56,478 (2023: £53,281).

9. TANGIBLE FIXED ASSETS

Furnishings
Land and
Office
Buildings
Equipment
£
£
COST/VALUATION
At 1 October 2023
800,000
55,700
Additions
-
30,987
_
_
As at 30 September 2024
800,000
86,687
_
_
DEPRECIATION
At 1 October 2023
-
44,573
Charge for year
-
8,423
_
_
At 30 September 2024
-
52,996
_
_
NET BOOK VALUE
At 30 September 2024
800,000
33,691
_
_
At 30 September 2023
800,000
11,127
_
_		 Motor
vehicles
£
10,000
-
_
10,000
_
10,000
-
_
10,000
_
-
_
-
_		 Totals
£
865,700
30,987
_
896,687
_
54,573
8,423
_
62,996
_
833,691
_

811,127
_

Included in cost of land and buildings is freehold land of £245,000 (2023 - £245,000).

The opening 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 and improvements had not been revalued it would have been included at the following historical cost:

following historical cost:
£
Cost at 1 October 2023 807,450
Refurbishment Costs 2023/24 148,298
_
955,748

Page 19

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.
STOCKS
2024
£
Stocks
900

11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Other debtors
56697
Prepayments
10150
_
66847
_
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade creditors
17872
Social security and other taxes
881
Other creditors
400
Accruals and deferred income
101214
_
120367
____		 2023
£
250

2023
£
37,079
13,312

50,391

2023
£
30,479
1,066
400
90,149
_
122,094
____		 2023
£
250

2023
£
37,079
13,312

50,391
___		 2023
£
250
___
2023

2023

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 01.10.23
in funds
£
£
Unrestricted funds
Unrestricted fund
1,100,669
45,593
Restricted funds
Restricted fund
-
(36,285)
_
_
TOTAL FUNDS
1,100,669
9,308
_
_		 Transfer
between
Funds At 30.09.24
£
£
(36,285)
1,109,977
36,285
-
_
_
-
1,109,977
_
_

Page 20

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2024

13. MOVEMENT IN FUNDS – continued

Incoming Resources Movement
Resources expended in funds
£ £ £
Unrestricted funds
Unrestricted fund 344,394 (298,801) 45,593
Restricted funds
Restricted fund 194,661 (230,946) (36,285)
_ _ _
TOTAL FUNDS 539,055 (529,747) 9,308
_ _ _
Comparatives for movement in funds
Net Transfer
Movement between
At 1.10.22 in funds Funds At 30.09.23
£ £ £ £
Unrestricted funds
Unrestricted fund 1,102,014 27,895 (29,240) 1,100,669
Restricted funds
Restricted fund - (29,240) 29,240 -
__ __ _ __
TOTAL FUNDS 1,102,014 (1,345) - 1,100,669
__ __ _ __
Comparative net movement in funds, included in the above are as follows:-
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)
__ __ __

Page 21

CANCER HELP (PRESTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. CONTINGENT LIABILITIES

The Charity has historically received funds 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 2024 aggregate donations were received from Directors/Trustees or organisations connected to former Directors/Trustees amounting to £156,708 (2023 £43,190) of which £135,108 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		 2024
£
-
20,000
_
20,000
_		 2023
£
-
20,000
_
20,000
_		 2023

Page 22