**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
Page 1
**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
Page 2
**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
Page 3
**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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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: .............................................
Page 4
**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
Page 5
**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|
|---|---|
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
Page 6
**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...
Page 7
**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...
Page 8
**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|
|---|---|
continued...
Page 9
**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...
Page 10
**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...
Page 11
**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).
Page 12
**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|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
**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|
|---|---|---|
This page does not form part of the statutory financial statements
Page 14