REGISTERED CHARITY NUMBER: 1052205
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 2023
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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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 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).
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
Two legacies valued at £54,039, together with donations totaling £13,091, enabled CCT to donate £60,000 to Manchester University Cancer research laboratories. This will be the 15th year that CCT has funded ethical animal-free research at Manchester University laboratories into cancer, its ethical, non-invasive treatment, cure and prevention for children and adults.
Brexit and Covid Shutdown put paid to our Alpine ski/snowboard/dinghy programme of Creative Adventure for UK children cancer survivors. We wish to restart this child group programme in Britain, giving back their self-confidence and passion for life after the trauma of their cancer illness and their lengthy debilitating chemotherapy, or radiotherapy. We have therefore arranged a PGL Group week of Adventure in summer of 2023 at their resort in Norfolk.
In the absence of our Group Children Alpine programme we have given £4,810 to four hospital paediatric oncology units, and indigent adult cancer sufferers.
Charity Shop sales have not yet recovered after the Covid Shutdown and footfall loss that this entailed. We have therefore closed one shop in Ryde and moved staff and stock to the other more central Ryde shop.
Ian MacWatt
Hon. Chairman
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CARING CANCER TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL REVIEW
Treasurer's report
The Caring Cancer Trust has spent a total of £91,609 in the financial year. Total expenses on office, travel, advertising, fundraising and insurance for the financial year were £14,874; and £76,735 was dispensed on charitable causes of animal-free research and childhood cancer support.
Assets at financial year end were £93,304, including £86,074 in cash. Monies owed at year end were £8,733, leaving net assets of £84,571.
The Trust received significant donations for the year of £67,130, of which legacies received were £54,039.
Costs of charity shops of 165 and 138 High Street, Ryde were £13,647, including a new £815 Council tax expense. This left a loss of £8,421 for the year. 138 High Street was closed after September saving £2,890 of cost. Shop stock and unpaid volunteer staff were transferred to 165 High Street.
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
Principal address
165 High Street Ryde Isle of Wight PO33 2HS
Trustees
Mr I MacWatt Mr R Fiddes Mr D P Haver Mrs A MacWatt L Stewart
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CARING CANCER TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Mark Paxton FCCA Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr I MacWatt - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARING CANCER TRUST
Independent examiner's report to the trustees of Caring Cancer Trust
I report to the charity trustees on my examination of the accounts of Caring Cancer Trust (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
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 that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Paxton FCCA
Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ
Date: .............................................
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CARING CANCER TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 67,130 Charitable activities Manchester University - General - Other trading activities 2 7,868 Investment income 3 361 Total 75,359 EXPENDITURE ON Raising funds 16,289 Charitable activities Manchester University 60,000 General 15,320 Total 91,609 NET INCOME/(EXPENDITURE) (16,250) RECONCILIATION OF FUNDS Total funds brought forward 101,993 TOTAL FUNDS CARRIED FORWARD 85,743 |
2022 Total funds £ 24,741 75,597 5,334 8,037 7 113,716 17,006 60,000 22,462 99,468 14,248 87,745 101,993 |
|---|---|
The notes form part of these financial statements
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CARING CANCER TRUST
BALANCE SHEET 31 MARCH 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 1,172 CURRENT ASSETS Stocks 7 2,000 Debtors 8 5,230 Cash at bank and in hand 86,074 93,304 CREDITORS Amounts falling due within one year 9 (8,733) NET CURRENT ASSETS 84,571 TOTAL ASSETS LESS CURRENT LIABILITIES 85,743 NET ASSETS 85,743 FUNDS 11 Unrestricted funds 85,743 TOTAL FUNDS 85,743 |
2022 Total funds £ 4,664 2,500 4,209 97,551 104,260 (6,931) 97,329 101,993 101,993 101,993 101,993 |
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The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr D P Haver - Trustee
The notes form part of these financial statements
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 2023
2. OTHER TRADING ACTIVITIES
3.
| OTHER TRADING ACTIVITIES | |
|---|---|
| Shop income | 2023 2022 £ £ 7,868 8,037 |
| INVESTMENT INCOME Investment income and interest |
2023 2022 £ £ 361 7 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Manchester University General Other trading activities Investment income |
Unrestricted fund £ 24,741 75,597 5,334 8,037 7 |
|---|---|
| Total | 113,716 |
| EXPENDITURE ON Raising funds Charitable activities Manchester University General |
17,006 60,000 22,462 |
| Total | 99,468 |
| NET INCOME | 14,248 |
continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
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 2022 13,302 Disposals - At 31 March 2023 13,302 DEPRECIATION At 1 April 2022 11,925 Charge for year 344 Eliminated on disposal - At 31 March 2023 12,269 NET BOOK VALUE At 31 March 2023 1,033 At 31 March 2022 1,377 7. STOCKS Stocks |
Unrestricted fund £ 87,745 101,993 Motor Computer vehicles equipment Totals £ £ £ 12,699 11,623 37,624 (12,699) - (12,699) - 11,623 24,925 9,686 11,349 32,960 - 135 479 (9,686) - (9,686) - 11,484 23,753 - 139 1,172 3,013 274 4,664 2023 2022 £ £ 2,000 2,500 |
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continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2023 £ 2,628 2,602 5,230 2023 £ 8,733 |
2022 £ 2,628 1,581 4,209 2022 £ 6,931 |
|---|---|---|
10. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years |
2023 £ 10,000 7,500 17,500 |
2022 £ 15,200 26,600 41,800 |
|---|---|---|
11. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 101,993 101,993 Incoming resources £ 75,359 75,359 |
Net movement At in funds 31.3.23 £ £ (16,250) 85,743 (16,250) 85,743 Resources Movement expended in funds £ £ (91,609) (16,250) (91,609) (16,250) |
|---|---|---|
continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.21 £ Unrestricted funds General fund 87,745 TOTAL FUNDS 87,745 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 113,716 TOTAL FUNDS 113,716 |
Net movement At in funds 31.3.22 £ £ 14,248 101,993 14,248 101,993 Resources Movement expended in funds £ £ (99,468) 14,248 (99,468) 14,248 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 87,745 87,745 |
Net movement in funds £ (2,002) (2,002) |
At 31.3.23 £ 85,743 85,743 |
|---|---|---|---|
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 £ £ 189,075 (191,077) |
Movement in funds £ (2,002) |
|---|---|---|
| TOTAL FUNDS | 189,075 (191,077) |
(2,002) |
continued...
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CARING CANCER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
12. RELATED PARTY DISCLOSURES
Ian McWatt
Ian McWatt is a trustee of Caring Cancer Trust.
During the year Ian McWatt introduced funds totalling £3,545 (2022: £1,151) and withdrew funds totalling £1,742 (2022: £2,595).
At 31 March 2023, Caring Cancer Trust owed Ian McWatt £6,333 (2022: owed to Ian McWatt £4,530).
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CARING CANCER TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Shop income Investment income Investment income and interest Charitable activities Grants Grants to institutions refunded Total incoming resources EXPENDITURE Other trading activities Opening stock Purchases Shop running costs Charitable activities Insurance Light and heat Telephone Postage and stationery Advertising Sundries Motor and travel Computer costs Storage Other charitable payments Child cancer support Plant and machinery Motor vehicles Computer equipment Carried forward |
2023 £ 67,130 7,868 361 - - - 75,359 - 2,642 13,647 16,289 1,018 239 724 287 5,142 75 1,502 1,439 - 20 5,810 344 - 135 16,735 |
2022 £ 24,741 8,037 7 5,334 75,597 80,931 113,716 500 864 15,642 17,006 727 394 802 166 6,554 46 4,364 1,906 107 25 3,176 459 1,005 135 19,866 |
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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 2023
| Charitable activities Brought forward Grants to institutions Support costs Finance Bank charges Loss on sale of tangible fixed assets Governance costs Accountancy Total resources expended Net (expenditure)/income |
2023 £ 16,735 60,000 76,735 171 (3,986) (3,815) 2,400 91,609 (16,250) |
2022 £ 19,866 60,000 79,866 196 - 196 2,400 99,468 14,248 |
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This page does not form part of the statutory financial statements
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