LEUKAEMIA CANCER SOCIETY FINANCIAL STATEMENTS th 30 SEPTEMBER 2024 Charity Registration Number 1040984 Philips Chartered Accountants 1160 High Road London N20 ORA
LEUKAEMIA CANCER SOCIETY Company Information and Advisors Address of Charity 118 Myddleton Road. Wood Green London N22 8NG Registered Office 118 Myddleton Road Wood Green London N22 8NG Registered Charity No. 1040984 Trustees Stav Athanasiou Harry Christoforou Pat Georgiou Stavros Groutides Mary Tryphona Maria Nicolaou Reporting Accountants Philips Chartered Accountants 1160 High Road London N20 ORA Bankers Lloyds TSB
LEUKAEMIA CANCER SOCIETY Annual Report of the Charity Trustees for the year ending 30tb September 2024. The charity originally was estsblished by a way of a trust deed. The governing document is a constitrjtion adopted on 10 September 1994, subsequently amended on 13° June 1999 and Isr February 2012. On 1st February 2012 the charity changed its name from The Leukaemia Society UK to Leukaemia Cancer Society. Trustees are elected by the committee after undetgoing an interview, followed by a one-year induction period. In shaping our objective for the year and planning our activities. the Trustees have considered the Charity Commission's guidance on public benefit. The objectives of the charity have continued this period along the lines of the previous year with regard io supponing leukaemia patients and their familie& emotionally and financially. Covid had a negative impact on the charity's fmances but since the lifting of restrictions the chariry h&8 been able to focus on events and fundraising. We have recently stsrted working with Noah's Ark and will be supporting days outs etc for children. The So¢iety's current policy is to build up sufficient reserves in order for the charity to be able to cary on its worK irrespective of anticipated falling income due to the current economic climate. At the year en4 the charity had a net bonk balance of £177,478 (2023 £179,701) all of which are unrestricted funds. The funds are held in order for the Charity to meet any unforeseen expeThditure that may occur, in particular propety repair& and to continue to provide essential support services. Reflecting over the years. we can see how much has been achi¢ve(L The future plans of the Society continue to include the following: (Ivhen we use the word Leukaemi4 we are also including all other Blood Cancers including Lymphomas and Myelomas arnongst rn8ny others.) a) To recruit stem cell donors for the use in the treatment of blood cancer. b) To educaie the public about leukaemia and the needs of leukaemia sufferers. c) To prornote research into leukaemia and other bone marr0. diseases. d) To offer support to leukaemia sufferers. e) To encourage and maintain a datsbank of p)tential stem cell donors To date the Society has made significant progress towards the above aims and our tireless effort to support leukaemia sufferers and their families, the following support services have been established: Recruitrnent of stem cell donors 2. Home and hospital visits 3. Accommodation for famklies and patients 4. Some translation services 5. Support groups and counselling services 6. Telephone helpline 7. Providing inforniation and awareness seminars on leukaemia and other related diseases 8. Forum to provide emotional support for patients and theiT carers The trustees declare that they have approved the above trus reporL Maria Nicolaou Chainnan Signed on behalf of the Board of Tntstees on: 2L_ *~ lfyzfj
Independent Examiner's Report to Leukaemia Cancer Society I report on the accounts of the Trust for the year ended 30th September 2024, which are set out on pages 5 to 14. Respective responsibilities of trustees and examiner. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act; to follow the procedures laid down in the general Directions given by the Charity Commissioners (under section 145(5){b) of the Charities Act). and to state whether particular matters have come to my attention. Basis of independent examiner's reporL My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below. Independent examiner's statement. In the course of my examination, no matter has come to my attention" (1) which gives me reasonable cause to believe that in, any material respect, the requirements" . to keep accounting records in accordan with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met" or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. (2) P. K. Soteri Chartered Accountant 1160 High Road. London N20 OFIA Date: 2+-Ip- 2025
Charity No 1040984 Leukaemia Cancer Society Annual accounts for the year ended 30 September 2024 Section A Statement of financial activities Restricted income funds Unrestricted funds Totsl this year Total last year Incoming resources {Note 3) Incoming resources from generated funds Voluntary income 10,061 10,061 41,597 Activities for generating fund5 2,582 16,730 9,361 Investment income 15,930 15,930 Grant Received Incoming resources from charitable activities Other incoming resources Total incoming resources Resources expended (Notes 4-5) Costs of Generating Funds Costs of generating voluntsry income 25,991 25,991 70,270 Fundraising trading costs 297 297 7,817 Investment managemenl costs Charitsble activities 276 276 7,588 33,741 Governance costs 29,560 29,560 Other resources expended Total resources expended Net incoming/(outgoing) resources before transfers 30,133 30,133 49,146 (4,142) 14,142) 21,124 Gross transfers between funds Net incoming/(outyoing) resources before other recognlsed galns/(losses) (4,142) {4,142) 21,124 Other recognised gainsl(losses) Gains and losses on revaluation of fixed assets for the charity's own use Gains and losses on investment assets Net movement in funds (4,142) 660,417 656,275 (4,142) 660,417 656,275 21,124 639,293 660,417 Totsl funds brought forward Total funds carried forward
Charity No 1040984 Leukaemia Cancer Society Annual accounts for the year ended 30 September 2024 Section B Balance sheet k<estricted income funds Unrestricted funds Total this year Total last year Fixed assets Tangible assets (Note 7) 482,335 482,335 483,185 Investments Total fixed assets 482,335 482,335 483,185 Current assets Stock and work in progress Debtors (Note 8) {Short term) investments Cash at bank and in hand Total current assets 394 394 585 544 1,405 585 177,478 178,457 177,478 178,457 179,700 181,649 Creditors: amounts falling due within one year (Note 9) 4,517 4,517 4,417 Net current assets/(liabilities) 173,940 173,940 177,232 Total assets less current liabilities 656,275 656,275 660,417 Creditors: amounts falling due after one year (Note 9) Provisions for liabilities and charges Net assets 660,417 Funds of the Charity Unrestricted funds Revaluation reserve Restricted income funds Endowment funds 363,407 292,868 363,407 292,868 367,549 292,868 Total funds 656,275 656,275 660,417 Signed by one the trustees on behalf of all the trustees Date of roval Signature Print Name 4 L/f/?,-
Leukaemia Cancer Society Year ended 30 September 2024 Section C Notes to the accounts Note 1 Basis of preparation 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost (except that investments are shown at market value} in accordance with: Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005). and with Financial Reporting Standards for Smaller Enterprises (FRSSE); and with the Charities Act 2011. 1.2 Change in basis of accounting There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. 1.3 Changes to previous accounts No changes have been made to accounts for previous years. 1.4 Taxation The Trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.
Leukaemia Cancer Society Year ended 30 September 2024 Section C Notes to the accounts (cont Note 2 Accounting policies INCOMING RESOURCES Recoqnition of incomino resources These are inGluded in the Statement of Financial Activities (SOFA) when: the ¢haritv becomes entitled to the resources., the trustees are virtually certain they will receive the resources,. and the monetary value can be measured with sufficient reliability. Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. This is only included in the SOFA once the related goods or services have been delivered. Incoming resources with related expendlture Grants and donatlons Tax reclaims on donations and gifts Contractual income and perfomiance related grants Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. These are only included in incoming resources (with an equivalenl amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of Ihe service or facility received. The value of any voluntary help reiVed is not included in the accounts but is described in the trustees, annual report. This is included in the arxounts vthen reivable. Donated services and facilities Volunteer help Investment income EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the harity to pay out resources. Include costs of the preparation and examination of statutory accounts. the costs of trustee meetings and cost of any legal advice to trustees on govemance or constitutional matters. These are only recognised in the a¢counts when a commitment has been made and there are no Gonditions to be met relating to the grant which remain in the control of the charity. Support costs include central functions and have been allocated to activity cost categories on basis consistent with the use of resources, eg allocating property costs by floor areas, or per Capita. staff costs by the time spent and other ¢osts by their usage. Governance costs Grants payable without perfomiance conditions Support Costs ASSETS Tangible fixed assets for use These are capitalised if they can be used for more than one year, and cost at least £500. They by charity are valued at cost or a reasonable value on receipt. stocks and work in progress These are valued at the lower of cost or market value.
Leukaemia Cancer Society Year ended 30 September 2024 cont Section C Notes to the accounts Note 3 Analysis of incoming resources This year Last year Anal sis 9,273 33.406 7,572 Voluntary income Donations Donations from wills Womens hilanthro Funeral donations Membershi s and subscri Tea art Residents donations ic donations 728 60 549 70 tions Totsl 10,061 41,597 Activities for generating funds onsored walks marathons and challen Awareness events Others eex editions 2,582 Total 2,582 Investment income Bank deposit interest Rental income 15.930 16,730 Total 15,930 16,730 Incoming resources from charitable activlties Sund income Total Grants Grant Received 9,361 Total 9,361
Leukaemia Cancer Society Year ended 30 September 2024 cont Section C Notes to the accounts Note 4 Analysis of resources expended This year Last year Anal sis Costs of generating voluntary income Totsl Fundralsing trading costs onsored walks marathons and challen Just Givin Social Media ex enses Awareness events eex editions 216 4,835 2,766 180 117 Totsl 297 7,817 Investment management costs Total Charltsble activities Clinic visits Donations Counsellin Hos ital visits Resident ex enses Others Cancer Research 5,583 210 1,795 245 31 Total 276 7,588 Governance costs Administrative ex De reciation Cleanin and office ex Insurance ht and heat Posta e, statione Rates airs and maintenan Stock movement durin Sund ex enses Tele hone and internet Travel ex enses Wa es and em Pension Costs Web and Email hostin Inde endent examinels fees enses 850 392 enses 955 820 393 1,054 206 and hotoco ier 547 793 150 the ear 300 118 165 1419 63 1.164 efs Nl 1,794 Total 10
Leukaemia Cancer Society Year ended 30 September 2024 Section C Notes to the accounts (cont) Note 5 Details of certain items of expenditure 5.1 Trustee expenses This year None Last year None Number of trustees who were paid expenses Nature of the expenses Total amount paid £ None £ None 5.2 Fees for examination or audit of the accounts This year Last year Independent examiner's or auditors, fees for reporting on the Other fees (for example: advice. consultancy, accountancy services) 1,794 None 1,788 None Note 6 Paid employees 6.1 Stsff Costs This year Last year Gross wages, salaries and benefits in kind Employer's National Insurance costs Pension costs 63 Total staff costs 6.2 Average number of full-time equivalent employees in the year The parts of the charity in which the employees Fundraisin work Charitable Activities Governance ort Costs This year Number Last year Number Total
Leukaemia Cancer Society Year ended 30 September 2024 Section C Notes to the accounts Icont) Note 7 Tangible fixed assets 7.1 Cost or valuation Freehold land & buildings Fixtures, fittings and equipment Website Total Balance brought forward Additions Revaluations Balance carried forward 475,000 24,106 23,085 522,191 475,000 24,106 23,085 522,191 7.2 Accumulated depreciation and impairment provisions Balance brought forward Depreciation charge for year Balance carried forward 16,858 700 22,148 150 39,006 850 17,558 22,298 39,856 7.3 Net book value Brought forward Carried forward 475,000 7,248 937 483,185 475,000 6,548 787 482,335 Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows=_ Land and buildings - In the opinion of the Trustees the value of the land and buildings is a fair reflection of its current market value and have decided not to depreciate. The trustees having adopted SSAP19 have not depreciated the land and buildings. This is a departure from the Companies Act 2006 but is necessary to give a true and fair view. Fixtures, fittings and equipment - Website - 15 % straight line 250/¢1 Straight line 7.4 Revaluation In the opinion of the trustees, the cost of the land and buildings has been revalued to reflect its current market value. Freehold land & buildings included at a valuation would have been included on a historical cost basis at £181,630 (2023. £181,630) 12
Leukaemia Cancer Society Year ended 30 September 2024 Section C Notes to the accounts cont Note 8 Debtors and prepayments Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Analysis of debtors Trade debtors 70 70 Other debtors Prepayments and accrued income 515 1,335 1,405 Total 585 Note 9 Creditors and accruals 9.1 Analysis of creditors Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Loans and overdrafts Trade creditors Other creditors Accruals and deferred income 29 29 4,488 4,517 4,388 4,417 Totsl 13
Leukaemia Cancer Society Year ended 30 September 2024 Section C Notes to the accounts cont Note 10 Transactions with related parties 10.1 Remuneration and benefits Name of trustee or connected party Legal authority (eg order, governing document Amounts paid or benefit value This year Last year None None None 10.2 Loans Name of trustee or connected party Amount owing This year Last year Legal authority Due to trustees and related parties Due from trustees and related parties None None None None None None 10.3 other transaction(sl with trustees or related parties Name of the trustee or related None Relationship to chari This year Last year Descri tion of the transaction None None None 14