REGISTERED CHARITY NUMBER: 1052205
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
CARING CANCER TRUST
Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ
CARING CANCER TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
Detailed Statement of Financial Activities 13 to 14
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CARING CANCER TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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
Objectives and aims
To fund ethical original and non-animal tested research into cancer prevention, treatment and cure and to provide information on cancer prevention and cure.
To relieve sickness and to help persons recover from cancer, in particular, but not exclusively, for children with cancer.
Public benefit
All the activities of the Trust focus on delivering community benefit and are in accordance with the objects of the Trust.
The Trustees have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.
ACHIEVEMENT AND PERFORMANCE Chairman's Report
CCT was able to maintain its Animal-free Cancer Research and individual Cancer Support funding throughout 2020, despite the adverse effects on charity shop sales and donations caused by the advent of the Covid pandemic.
The pandemic onset resulted in a difficult year for small charities like Caring Cancer Trust. We could not have survived and progressed though such difficult times without the dedicated work of our unpaid volunteers who manage and run the charity, and the support of our many charity friends.
Our Animal-free Research funding again supported research into Childhood Leukaemia at the University of Manchester Viral Oncology Research Laboratory.
Our previous research funding at the University pf Manchester Viral Oncology Laboratory has now resulted in progression to hospital clinical trials of a new drug formulated by the laboratory for early treatment and cure for cervical cancer. Diagnosis of cervical cancer in poorer countries of Africa and Asia can be a death sentence.
Government imposed travel restrictions regrettably forced us to cancel our annual CCT Youth2Go Holiday groups of Physical and Creative Adventure for children in recovery from cancer. These holidays were sadly missed by the children we should have taken on these adventure trips, and the hospital paediatric oncology units that refer them to us each year.
We shall continue to fund research into Childhood Leukaemia at the University of Manchester, and we look forward to restarting our Youth2Go Adventure groups for children just as soon as Covid travel restrictions allow the hospital paediatric oncology units and us to do so.
Ian MacWatt
Hon. Chairman
Page 1
CARING CANCER TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW
Treasurer's report
As with most UK charities, CCT's charity shop and donation income and consequent outgoings in expenses and charitable causes have been dominated by the Covid pandemic.
No legacies have been received during the year. Charity marathon and other donation collection events have been cancelled and donations have consequently dried up.
In retrospect, it is unfortunate for CCT to have burdened itself with two new shops just prior to the start of the pandemic. These have cost the charity over £16,000 per year in rent, redecoration, insurance and utilities.
The pandemic caused considerable loss of shopping footfall in the High Street without the compensation of significant sales input. However, as CCT is totally run by unpaid volunteers it has not been faced with the problem of the extensive salaries for CEOs and office staff, Charity Shop Managers and other relevant costs that have afflicted so many charities during the pandemic.
The pandemic has consequently lowered the expenses of office, travel and promotion, during the year, while the Government High Street financial support during lockdowns has enabled CCT to continue its funding of animal-free Cancer Research and Support for cancer sufferers during the year.
Total expenses on office, travel, advertising, fundraising and insurance for the financial year were £32,981 of which £23,120 (70% of total spent) was dispensed on charitable causes of animal-free research and childhood cancer support. Bank assets at the financial year's end were £83,703. Other assets including shop stock, car, etc., were £12,418. Charity debts were £8,376.
Donald Haver
Hon Treasurer
Reserves policy
The board of trustees aims to maintain at least three months running costs in unrestricted reserves at any given time. The reserves are held to cover the variable nature of cash flow, to safeguard future operations and to enable the charity to consider new projects.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, adopted on 16 January 1996 and as amended on 27 June 2004 and constitutes an unincorporated charity.
Organisation
The trustees who served during the year are set out below. The trustees meet regularly and meetings are presided over by a Chairman who is appointed annually.
New members are elected by the board on a majority vote.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1052205
Page 2
CARJNG CANCER TRusr FOR THE YEAR ENDED 31 MARCH 2021 Prlnrw address 165 Hlgh Street Ryde 151e of Wight P033 2HS Trnstees Mr l Macwatt SKretary Mr R Flddes Mr D P Haver Mrs A Macwatt Trustee Mr C Ody Chalrman Ireslgned 5.9.201 L Stewart Independent EMan*r Mark Paxton FCCA Garbetts IIOWI Umlted Exchange House St Cross Lane Newport Islè of Wl8ht P030 5BZ Approved by orderofthe board oftDJsttts on............................................. and I8ned on Its behalf . Lg . ts1 . 2& Mr l MacWatt-Trustee Page 3
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF CARING C4NCER TRUST Independènt èxamlfter's rèport to the trustées of Carlng Cancer Trust I report to the charity trustees on my examination of the accounts of Carlng Cancer Trust (the Trust) for the year ended 31 March 2022. Responsibllities and basls of report AS the th8rity trustees of the Trust you are responsible for the preparation of the accounts in acctsrdance with the requirements of the Charities Act 20111'the Act'l. I report In respect of my examSnation of the Trust's accounts carrSed out under sectlon 145 of the Act and in carrying out my examinatlon I have followed all applicable Directions given by the Charlty Commission under 5eclion 14515llbl of the Ad. Independent examlner's statement I have completed my examination. I confirm that no materlal matters have come to my attentlon In connectlon with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by sectlon 130 of the A.- or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the lorm and cDntent of accounts set out in the Charities (Accounts and Reportsl ReEulations 2008 other than any requirement that thè actounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connettion 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. Mark Paxton FCCA Gèrbètt5 IIOWI LimitÈd Exchange House St Cross Lane Newport Isle of Wight P0305BZ Date.. Page 4
CARING CANCER TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,269 Charitable activities General 39,338 Other trading activities 2 8,898 Investment income 3 27 Total 52,532 EXPENDITURE ON Raising funds 17,145 Charitable activities Manchester University 20,000 General 15,455 Total 52,600 NET INCOME/(EXPENDITURE) (68) RECONCILIATION OF FUNDS Total funds brought forward 87,813 TOTAL FUNDS CARRIED FORWARD 87,745 |
2020 Total funds £ 4,964 - 8,142 80 13,186 19,232 11,400 27,258 57,890 (44,704) 132,517 87,813 |
|---|---|
The notes form part of these financial statements
Page 5
CARING CI24CER TRUST 31 MARCH 2021 2021 Unrricted fund 2020 Total fund5 P4)te5 FIXED ASSErs Tanglble a55ets CURRENT ASSETS Stocks Debtors Cash at bank and In hand 3,CM)O 6.662 75,8BO 3.564 90,267 85,542 CREDITORS Arnounts falllng due wh1 one year 183761 15,3951 NrrcuRRENT ASSErs 81,891 80,147 87,745 87,813 87,745 87,813 FUNDS Unrestrfcted funds li 87,745 87,813 TOTAL FUNDS 87,745 87,813 The flnan¢lal statements were approved by the Board of Trurtees and authorised for15sue on ............................................ and were signed on Its behalf by.. The notes form part of thÈse finarKial statements Page 6
CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost
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 tax on its charitable activities.
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 or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Donated goods
The value of donated stock can be measured reliably at fair value and has been recognised in the year of donation.
continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. OTHER TRADING ACTIVITIES
| 2. OTHER TRADING ACTIVITIES |
|
|---|---|
| Shop income | 2021 2020 £ £ 8,898 8,142 |
| 3. INVESTMENT INCOME Investment income and interest |
2021 2020 £ £ 27 80 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income |
Unrestricted fund £ 4,964 8,142 80 |
|---|---|
| Total | 13,186 |
| EXPENDITURE ON Raising funds Charitable activities Manchester University General |
19,232 11,400 27,258 |
| Total | 57,890 |
| NET INCOME/(EXPENDITURE) | (44,704) |
continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 April 2020 13,004 Additions 298 At 31 March 2021 13,302 DEPRECIATION At 1 April 2020 10,854 Charge for year 612 At 31 March 2021 11,466 NET BOOK VALUE At 31 March 2021 1,836 At 31 March 2020 2,150 |
Unrestricted fund £ 132,517 87,813 Motor Computer vehicles equipment Totals £ £ £ 12,699 11,214 36,917 - - 298 12,699 11,214 37,215 7,342 11,055 29,251 1,339 159 2,110 8,681 11,214 31,361 4,018 - 5,854 5,357 159 7,666 |
|---|---|
continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 7. STOCKS Stocks 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 10. LEASING AGREEMENTS |
2021 £ 3,000 2021 £ 2,628 936 3,564 2021 £ - 8,376 8,376 |
2020 £ 3,000 2020 £ 2,628 4,034 6,662 2020 £ 327 5,068 5,395 |
|---|---|---|
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years |
2021 £ 15,200 41,800 57,000 |
2020 £ 15,200 57,000 72,200 |
|---|---|---|
continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
11. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| At 1.4.20 £ Unrestricted funds General fund 87,813 |
Net movement in funds £ (68) |
At 31.3.21 £ 87,745 |
| TOTAL FUNDS 87,813 |
(68) | 87,745 |
| Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 52,532 |
Resources expended £ (52,600) |
Movement in funds £ (68) |
| TOTAL FUNDS 52,532 |
(52,600) | (68) |
| Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 132,517 |
Net movement in funds £ (44,704) |
At 31.3.20 £ 87,813 |
| TOTAL FUNDS 132,517 |
(44,704) | 87,813 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 13,186 |
Resources expended £ (57,890) |
Movement in funds £ (44,704) |
| TOTAL FUNDS 13,186 |
(57,890) | (44,704) |
continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.4.19 £ Unrestricted funds General fund 132,517 |
Net movement At in funds 31.3.21 £ £ (44,772) 87,745 |
|---|---|
| TOTAL FUNDS 132,517 |
(44,772) 87,745 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 65,718 (110,490) |
Movement in funds £ (44,772) |
|---|---|---|
| TOTAL FUNDS | 65,718 (110,490) |
(44,772) |
12. RELATED PARTY DISCLOSURES
Ian McWatt
Ian McWatt is a trustee of Caring Cancer Trust.
During the year Ian McWatt introduced funds totalling £3,305 (2020: £2,877) and withdrew funds totalling £Nil (2020: £Nil).
At 31 March 2021, Caring Cancer Trust owed Ian McWatt £5,975 (2020: owing from Ian McWatt £2,670).
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CARING CANCER TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Shop income Investment income Investment income and interest Charitable activities Grants |
2021 2020 £ £ 4,269 4,964 8,898 8,142 27 80 39,338 - |
|---|---|
| Total incoming resources EXPENDITURE Other trading activities Opening stock Purchases Shop running costs Commission Closing stock |
52,532 13,186 500 500 880 3,011 16,265 16,178 - 43 (500) (500) |
| Charitable activities Insurance Light and heat Telephone Postage and stationery Advertising Sundries Motor and travel Computer costs Storage Child cancer support Plant and machinery Carried forward |
17,145 19,232 735 1,338 324 420 727 1,054 702 456 840 9,622 81 184 1,445 2,549 1,584 1,014 1,313 212 2,920 4,372 612 717 11,283 21,938 |
This page does not form part of the statutory financial statements
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CARING CANCER TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Charitable activities Brought forward Motor vehicles Computer equipment Grants to institutions |
2021 2020 £ £ 11,283 21,938 1,339 1,786 159 624 20,200 11,400 |
|---|---|
| Support costs Finance Bank charges Governance costs Accountancy Professional fees |
32,981 35,748 74 60 2,400 2,400 - 450 |
| 2,400 2,850 |
|
| Total resources expended | 52,600 57,890 |
| Net expenditure | (68) (44,704) |
This page does not form part of the statutory financial statements
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