Registered number. 3325051 Charity number: 1062120 CORBY & DISTRICT CANCER CARE (A company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
CORBY & DISTRICT CANCER CARE (A company Ilmited by guaranteel CONTENTS Page Reference and administrativg dotalls of the charity. its trustees and advlsers Trustees. report Independent examlnei's report Statement of financial activities Balance sheet 10 Statemgnt of cash flows 11 Notes to the financlal statemerEts 12-27
CORBY & DISTRICT CANCER CARE {A company limlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trusteesldirectors N J McElwain R Cooper L J P O'malley G Tail Company registered number 3325051 Charity registered number 1062120 Regtstered offSce Lakelands. Bulland Road, Oakley Vale, Corby, Northants, NN18 8LX Secretary G Tail Independant examinèr MHA Maclntyre Hudson, Pelerbridge House, The Lakes, Northampton, NN4 7HB Bankers HSBC Bank plc, Corby. Northants, NN17 1 NY Solicitor5 Tollers, Exchange Court, Collingham Road, Corby. Northanls, NN17 1TY Page 1
CORBY & DISTRICT CANCER CARE IA Company Ilmlted by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Tr*Jstees present their annual report together wlh the financial statements of the Company for the year 1 April 2020 10 31 Maich 2021. The Annual Report serves the purposes of both a Trustees, report and dire¢lors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current slatulory requiromenls. the requirements of the charitable Companls governing document and the provisions of the Statement of Recommended Practice {SORP} applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since the company qualrfies as small under section 383. the strategic report required of medium and large companies under The Companies A¢1 2006 Islralegic Report and Directorfs Report) Regulations 2013 is not required. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Corby & District Cancer Cale is a company limited by guarantee by ils Memorandum and Articles of Association. The charitable company was formed to take over the activities of a charitable trust, Corby & District Cancer Care. whoso assets were transferred to the Charitsble company on 18 March 1997 with the consent of the Charity Commission. Organlsatlon structure The charitable cornpany is managed by the board of Trustees, all of whom are directors of the company. who consider all signifi¢anl expenditure and other requests al their meetings. The charty employs a Hospi¢e Manager who handles all general administration and other matters and refers lo the Board of Trustee$ as 8ppropriate. Trustees The present membership of the Baard is set out below. All directois served throughout the period. N J McElwain R Cooper L J P O'malley GToit Trustees are invtted to join the Board generally on the recommendation of existing Trustees and do not seNe a minimum or maximum period as Trustees. Page 2
CORBY & DISTRICT CANCER CARE (A company limited by guarantee) TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 31 MARCH 2021 Ri$k manag&ment The major risks, lo which Corby & District Cancer Care is exposed, as identified by the Trustee5, have been remewed and systems have been established lo miligale those risks. The charitable company employs qualified staff who operate on written procedures. There is a health and safely policy lo cover the acb'vities of the hospi. The Trustees consKger the insurance arrangements of the charrty lo be adequate. A fundraiser is employed to raise the future income of the charitable company. Tralnlng of trustees There is no formal training prograrnme for Trustees. The Trustees have a wide experience and m051 have many years Service as Trustees. OBJECTIVES AND ACTIVITIES Objectives The objectives of the charttsble company18s sel out in the Memorandum of Associalionl are the prowsion and maintenance ol a day-care hospice for the benefit of patients and carers in Corby and the surrounding district, lo promote and encourage research into the care and treatment of persons suffering frC cancer. and lo advance the education of the public, suffeiers and relatives in matters relating lo cancer. STRATEGIES FOR ACHIEVING OBJECTIVES Alms lo provide a centre for the reltef of pain and distress. whether physul, emotional, psychological. spiritual or social., - to create a welcoming and compassionate environment for people diagnosed wth a lrfe4hrealening illness, their families and careTS', lo prowde holistic care to enhance quality of lrfe, including effective symptom control and social and emotional support. enabling the person to live lrfe as fully as possible., to treat each individual with dignity, respect, understsnding and acceptance.. - to establish a resource ¢enlre for education and training, for professionals, families and carers and other support agencies involved in providing palliative care., - lo provide development training and support for staff and volunteers to ensure a skilled and expert team that is enlhusiaslic about ils role., - to work in partnership with Clinical Commissioning Groups, General Practitioners and other promders in the development of comprehens¢ve palliative caie semces.. - lo work wf(h Northamplonshiie Provider SeNtces in accordance wth the information sharing agreemenl signed by both parties". - to monitor and evaluate our services and impEemenl development programmes where appropriate., - to accept referrals from District Nurses when a patient is felt to be within the last four weeks of lrfe., to provide skilled nursing care lo patients in their home.. lo provide consecutive care every night including weekends and bank holidays l%there possible) until the patient dies or care is no longer required.. - to provide support 8nd bereavement follow-up to families, carers and friends., - to secure the financial iesources lo run and develop the servsce we provide., - to ensure cosl*ffective use of resources. Page 3
CORBY & DISTRICT CANCER CARE (A eompany limited by guarantee) TRUSTEES, REPORT Icontlnuedl FOR THE YEAR ENDED 31 MARCH 2021 Publlc benefit The Trustegs confim that they have referied lo the guidance in the Charity Commission's Public Benefit Guidance when reviewng the charitable companvs aims and tsbjectwes and in pl8nning future actiwlies. ACHIEVEMENTS AND PERFORMANCE GOING CONCERN After making appropriate enquiries, the trustees have a Teasonable expectation that the company has adequate resources to continue in operaliorsal existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial slalements. Further details regarding the adoption of the going concem basis can be found in the Accounting Policies. REVIEW OF ACTIVITIES The Lakelands journey began thirty two yeais ago in 1988 and stands as a testament lo the strong and determination of everyone that has been involved. This last year has been extremely detrimental for the wellbeing of many older and vulnerable people within our community. there has been eri3is. enforced isolation, fear and restrition, dominated by Covid-19 pandemic risks. The Boaid of Trustees remained ¢onstant throughout 2020121. Trustees lime and resource has been dominated by the response to the Cov¥d-19 crisis, committee meetings moved 'on-line' as did regular meetings Wth the hospice management team lo remew discuss and implement strategies in reaction lo the constant changes in pandemic guidelines. The management team of Corby & District Cancer Care were able lo work in isolation on a rota basis al the hospice or remotely as the ¢ri8is developed and new ways of working were developed lo support our patients and their carers who have faced a great deal of uncertainty and disruption. Corby and District Cancer Care focussed on maintaining as many of its serwces as f( coulj lIst still remaining within government guidelines, the hospice day care and transport provision was suspended, and a system of telephone contact and doorstep deliveries was implemented by our nursing team who rotated furtough cover lo provide this service throughout. We maintained our Hospice @ Home services, throughout the whole of the financial year. providing ninety patients and their families with this valuable service. Special mention must go lo our team of dedicated H@H nurses and coordinators for maintsining Ihls serwce under severe PPE eonstraints and eovid risk conditions to provide vttsl end of lrfe care in the home lo the patients referred to us. Community fundraising was decimated by the pandemic with all bLrt a very small number of on-line events being cancelled. As a community htsspice historically funded by the generosity and support frC ils local population this was particularty challenging. The fundraising focus was swtched almost entirety ID Trust and Grants, Corporate support and into researching and securing emergency eovid-19 funding from local authority, Hospice UK and emergency trust & grant one off support packages to supplement the furtough pay scheme support received. Whilst this was an extremely uncertain and worrwng period tho outcome reffected in these accounts is L¢ltimately positive. 80th our retail premises in Corby were closed for nine of the e1ve months in question due lo government guidelines. trading was also very limited during the sporadic periods we were open with the public understandably reticent to venture into a town centre setting. Page 4
CORBY & DISTRICT CANCER CARE (A company limited by guarantee) TRUSTEES. REPORT (continued FOR THE YEAR ENDED 31 MARCH 2021 Both retail sites re-opened in May 2021 arKI although income is ini118lly low, we are seeing signs that this will hopefully relum to something like pre pandemic levels in due course. The Day Hospi has been undergoing a phased ieopening since May 2021. All staff and volunteers are PCR tested weekly with patient numbers gTadualty being increased as safely and securely as possible, lo dale we have incurred zero posi£ive covid cases which is testament to the dedicated leadership of our nurse manager Tracy Glen. Additional support services such as patient activthes, bereavement counselling and Carer support group meetings are planned to be reinstated later in the year. Slaff and Volunteers Trustees would like lo thank the wonderful team of staff and volunteers who have steadfastly WOTked through the pandemic and who have worked above and beyond the usual expectslions throughout the last year. FINANCIAL REVIEW There was a surplus for the period before realised and unrealised revaluation losses on investments amounting 10 £105,487 12020.. £84.862 deficit prior to realised and unrealised revaluation gains}- Unrealised revalu81ion gain on investments for the period amounted to £2,83512020.' £7,85510ss). Unreslricled fund5 at 31 March 2021 amounted lo £1,030,80812020= £922,4881. RestrKled funds al 31 March 2021 amounted to £37.32812020.' £37,328}. The Trustees are monitoring the finance8 of the charitable company. and prepare an annual forecost which is compared to actual income and expenditure at a monthly review. Investment pollcy The Trustees have considered the most appropriate policy for investing funds and have found that Combination of fixed interest stocks and equities with cash deposits meet their requirements to generate income and secure capital values. The Trustees will continue to retain a large proportitin of liquld fvnds lo ensure that they are available lo Continue funding the existing requirements of the trust. Consider that the charitable wmpany has insufficient funds for them to be invested in the longer term. All funds not required for immediate use are held on interest bearing bank deposit. Reserves pollcy The reserve5 policy of the charitable company is based on hawng free r8seNes al a lgvel sufficient lo hold Iwelve months operating expenditure of free reserves. The definition of free reserves for these purposes excludes fixed assets so preSentS net Current assets on all funds and on this basis there is sufficient funds at the balance sheet dale 31 March 2021. It is the policy of the Trustees not to hold specrfic reserves, except where funds have been raised for a particutar purpose. The puipose of the unrestricted f¢Jnds is lo finance the provision of the hospice. Grant rnaklng policy The pol¢cy of the Trustees is not to make grants to IndividLtals or lo other charities. Page 5
CORBY & DISTRICT CANCER CARE (A company Ilmited by guarantee) TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 31 MARCH 2021 Voluntegr time The Trustees and many other individuals give a significant amount of time in voluntary Servi lo tho company. This lime is not reflected in the financial slalements. Fundlng The Trustees arè satisfied that, coupled wlh their intention lo seek additional funds, the charity'5 assets arg avaiL2ble and adeque lo fulfil its obllgalions. Statemont of trustees. responsibilitie$ The Trustees (who are also directors of Corby & District Cancer Care for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance wf(h applicable law and Unttad Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the TrLslees lo prepare financial statements for each financial year. Under c¢)mpany law the Trustees must rtot approve the financial stslements unless they are salisfi¢d that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application ol resources, including the income and expenditure. ol the charitable c¢)mpany for that period. In preparing Ihe$e financial stalemenls, the TrLtslees are required to.. select suitable accounting policies and then apply them consistently,. observe the molhods an¢J principles in the Charities SORP., make judgments and accounting eslimales that are reasonable and prudent., slate whether applrable UK Accounting Standards have been followed, subfr'ect lo any material departures disclosed and explained in the financial slatemenls., prepare the financial slalemenls on the going concern basis unless st is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charitable companys transactions and disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them lo ensure that the financial stslements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charrtable COTHpany and hence for taking reasonable steps for the prevention and dettion of fraud and other irregulari(ies. The Trustees are responsible for the maintenance and integrity of the corporate and finala1 information included on the charitable companls website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ Irom legislalion in otherjurisdiclions. This report was approved by tho Trustees. on 271 11 and signed on their behalf by.. GTait Director Page 6
CORBY & DISTRICT CANCER CARE (A company lirnited by guarant991 INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORBY & DISTRICT CANCER CARE {thè 'company'l I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2021. This report is made solely to the compan8 Trustees. as a body, in accordance wlh Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo th& Company's Trustees those matters l am required to slate to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility lo anyono other than the company and the companys Trustees as a body, for my work or for this report. RESPONSIBILITIES AND BASIS OF REPORT As Ihg Trustees of the company land its directors for the purposes of company lawl you are sponsIble for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Ilhe 200S Act'l. Having satisfied mysew that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my exarninalion of the companys accoun15 carrd out under section 145 of the Charities Act 2011 I'lhe 2011 Arfl. In carrying out my examination I have followed the Directions given by the Charity Commission under section 1451511bl of the 2011 Act. Page 7
CORBY & DISTRICT CANCER CARE (A company Ilmlted by guarantee) INDEPENDENT EL4MINER'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021 INDEPENDENT EXAMINER'S STATEMENT Since the company's gross income exceeded £250,OCSO your examiner musl be a member of a body listed in section 145 of the 2011 Act. l Confirm that l am qualified lo undertake the examination because l am a member of The Association of CharteTed Certified Accountants. which is one of the listed bodies. I have completed my examination. I can confirm that no matters have come lo my attention in connection with the examination gNing me cause lo believe.. accounting records were not kept In respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those recgrds., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement Ihal the accounts give a 'lrue and faiv view which is not a matter considered as part of an independent examination", or the a¢counls have not been prepared in accordance wlh the methods and principles of the Slalemenl of Recommended Practice for accounting and ieporting by charities lapplicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no ¢oneern5 and have come across no other matters in conneclion wlh the examination to which attention should be drawn in this report in order 10 8nable a proper understsnding ol the accourlts to be reached. 27 January 2022 Elaine Olson-williams FCCA MHA MACINTYRE HUDSON Chartered Accountant5 Peterbridge House The Lakes Northampton NN4 7HB Page 8
CORBY & DISTRICT CANCER CARE {A company limlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestrlcted Restrfcted funds funds 2021 2021 Total funds 2021 Totsl funds 2020 Note INCOME FROM: Donations and legacies Charitable aeliwlies Investments Other income 305.400 63.710 2,078 120,148 305,400 63,710 2,078 120.148 213.019 157,777 2,118 TOTAL INCOME 491.336 491.336 372,914 EXPENDrruRE ON: Raising funds Charitable activities 84,459 301.390 84,459 301.390 127,543 330,233 TOTAL EXPENDITURE 385.849 385.849 457.776 NET INCOME I {EXPENDITUREI BEFORE INVESTMENT GAINSIILOSSESI Nel Ilossesllgain5 on investments NET INCOME I {EXPENDITUREI BEFORE OTHER RECOGNISED GAINS AND LOSSES 105,487 2,835 105,487 2,835 {84.862} {7,8551 13 108.322 108,322 192,7171 NET MOVEMENT IN FUNDS 108.322 108.322 192.717) RECONCILIATION OF FUNDS: Total funds brought foNard 922,486 37.328 959,814 1,052,531 TOTAL FUNDS CARRIED FORWARD 1.030.808 37.328 1.068,136 959,814 The notes on pages 12 to 27 form part of these financial slatemenls. Page 9
CORBY & DISTRICT CANCER CARE IA company limitèd by guarantee) REGISTERED NUMBER: 3325051 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note FIXED ASSETS Tangible assets Investments 12 679.054 59.956 689.348 57,121 13 739,010 746.469 CURRENT ASSETS Debtors Cash at bank and in harKI 14 168,774 169.823 127.455 100.272 338.597 227.727 CREDITORS: amounts falling due within one year 15 {9,471) {14,3821 NET CURRENT ASSETS 329.126 213,345 NET ASSETS 1,068,136 959,814 CHARITY FUNDS Reslricled funds Unrestricted funds 17 17 37,328 1.030.808 37.328 922.486 TOTAL FUNDS 1.068,136 959,814 The companys financial statements have been prepared in accordance wth the provisions applicable lo companies subject lo the small companies regime. The Trustees consider that the ¢panY is ented to exemption from the requSrement lo have an audf( under the provisions of section 477 of the Companies Act 2006 1.the Acl"} and members have not Tequired the company to obtain an audit for the year in question in accordan with section 476 of the Act. The Trustees acknowledge their responsibilrties for Complying with the requirements of the Companies Act 2006 wf(h respect lo accounting records and the preparation of financial statements. The financial slalements were approved and authorised for issue by the Trustees on Z7 Iilz $igned on their behalf. by.. and L J P O'malley G Tait The notes on pages 12 to 27 fom part of these financial ststemenls. Page 10
CORBY & DISTRICT CANCER CARE IA company limited by guaranteel STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Note Cash flows trom operating a¢tlvltles Net cash provided byllused inl operating activrties 19 67,517 (86.7991 Cash flows from investing activities: Dividends, interest and rents from investments 2,034 1.941 Net cash provided by investing activities 2,034 1,941 Change In cash and cash equivalents in the year Cash and cash equivalents brought forward 69.651 100.272 {84,8581 185,130 Cash and cash equtvalents carried forward 20 169.823 100.272 The notes on pages 12 10 27 fomi part of these financial slatemenls. Page 11
CORBY & DISTRICT CANCER CARE IA company limtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES 1.1 General information Corby & District Cancer Care is limited by guarantee, domiciled in England and Wales. registered number 33250518nd registered charity number 1062120. The ¥egislered office and principal place of business is Lakelands, Bulland Road, Oakley Vale, Corby. Northanls. NN18 8LX. 12 Basis of preparatlon of flnancial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- 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 IFRS 102) leffeclwe 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Corby & District Cancer Care meets the definition of a public benefit entty under FRS 102. Assets and liabilities are inilialty recognised al historical cost or transaction value unless otherwise staled in the relevant accounting policy. 1.3 Company status The company is a company limrted by guarantee. The members of the company are the Trustèe5 named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per memb¢r of the ¢ompany. Page 12
CORBY & DISTRICT CANCER CARE (A Company Ilmlted by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES (CONTINUED) 1A Incoming rosources All income is recognised once the company has enlillement lo the income, ft is probable that the income will be reiVed and the amount of income receivable can be measured reliably. For legacies, enlillemenl is taken as the earlier ol the dale on which either.. Ihe Company is aware that probate has been granted, the eslale has been finali5ed and notification has been made by the execulorlsl lo the Trust that a distribution will be made. or when a distribution 15 received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliabty and the company has been notified of the executorfs intention to make a distribution. Where legacies have been nolrfEd lo the company, or the company is aware of the granting of probate. and the criteria for income recognrtion have not been mel, then the gaCY is treated as a contingent asset and disc105ed if material. Gifts in kind donated for distribution are included al valuation and reccgnised as Incomè when they are distributed lo the projects. Gbfts donated for resale are included as income when they are sokj. Donalecf facilities are included at the value lo the company where this can be quantified and a third paty is bearing the cost. No 8mounts a included in the financial statements for services donated by volunteers. Donated serVIS or facilities are recognised when the company has eonlrol over the item. any condi(ions associated with the donated item have been mel, the receipt ol economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance wtth the Charities SORP IFRS 1021, the general volunteer lime of the Friends is not recognised and refer to the Trustees, report for more information about their contribution. On receipt, donated professional seNces and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the Company would have been willing lo pay lo obtain services or facilitses of equivalent economic benefit on the open market., a corfesponding amount is then re¢ognised in expenditure in the period of receipt. Income L2x recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Income tax recoverable in relation lo investment income is recognised at the time the investment ineome is receivable. Other income is recognised in the per¢od in which it is receivable and to the extent the goods have been provided or on complelKJn of the seNlCe. Certain types of income are shown in the Ststement of financial activitses ineorporaliro income and expenditure account net of expenditure as follows.. Grants receivabla Grants are accounted for when conditions to entrtlement have been met. Page 13
CORBY & DISTRICT CANCER CARE {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES ICONTINUEDI 1.5 Resoue5 expended Governance costs are those incurred in connection wi(h administration of the company and compliance with constitutional and slalutory requirements. Costs of generating funds are Costs incurred IR attracting voluntary income, and those incurred In trading activities that raise funds. Charrtable aclimlies and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governan of the company apportioned to charitable activities. All expenditure 15 inclusive of irrecoverable VAT. 1.6 Fund accounting General funds are unrestricted funds which are available lor use at the discretion of the Trustees in furtherance of the gerieral objectives gf the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial slalemenls. Restricted fvnds are funds which are lo be used in accordance with sprf1¢ restrictions imposed by donofs or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific ftsnd. The aim and use of each iestricted fund is sel out in the notes lo the financial stslemenls. Investment income. gains and bsses are allocated to the appropriate fund. 1.7 Going Concern The financial stslements have been prepared on a going concern basis. The Trustees have considered relevant information, including the annual budget, forecasl future cash flows and the impact of subsequent events in making their assessment. The COVID 19 pandemic and the ensuing economi¢ shutdown has had a significant impact on the charitable compan15 Qperalions. In response to the COVID 19 pandemic. the Trustees have performed a robust analysis of forecast future cash flows taking into account the potential impact on the business of possible lulure scenarios arising from the impact of COVID 19. This analysis also considers the effectiveness of available measures lo assist in mitoating the impact. The Tfustees have not identifd any further material uncertainties that may cast signrficant doubl about the ability of the charitable comp8iiy lo continue as 8 going concern. The charitable companvs business aclivilies, together with the factors likely together with long term contracts for all of its trading centres. Based on these assessments and having reyard to the resources available lo the charitable company, the Trustee5 have concluded that there 15 no material uncertainty and th81 they can continue to adopt the going concern basis in preparing the annual Yeport and accounts. Page 14
COR8Y & DISTRICT CANCER CARE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES ICONTINUEDI 1.8 Tangible fixed assets and depreciatlon A review for impaim)ent of a fixed asset is carrÈd out if events or changes in circumstances indate that the carrying value of any fixed asset may not be recoverable. Shortfa115 between the Carrng value of red assets and their recoverable amounts are recognised as impairments. Impaimient losses are recognised in the Slalem8nt of financial a¢livilies incorporating income and expenditure account. Tangible fixed assets are earried al cost, nel of depreciation and any provision for impaimient. Depreciation is provided al rates calculated lo write off the cost of fsxed assets. less their estimated resKlual value, over their expected useful Iwes on the following bases.. Leasehold Day¢aTe HospKe Computers Minibus Equipment Solar panels Period of lease- 99 years 4 years straight line 4 years straight line 5 years slraighl line 10 years slraighl line 1.9 Taxation The company 18 exempt from corporation tax by virtue of its charitable status. 1.10 Debtors Trade and other debtors are recognised al the settlemont amount due. Prepayments are valued at the amount prepaid. 1.11 Cash at Bank and in hand Cash at bank and in hand includes cash and short term highty liquid investments wsth a short maturity of three months or less from the date of acquisition or opening of the deposit or similai account. 1.12 Credltors and provl$lons Liabilities are recognised when there is an obligation al the Balance sheet date as a resum of a past event. il is probable that a transfer of economic benefit wll be reqUId in settlement, and the amount of the settlement can be estimated reliably. Liabilrties are recognised at the amount that the ompany anticipates it will pay lo settle the debt or the amount il has received as advanced payments for the goods or 8eTvices il musl provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the piovision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks spe¢ifi¢ lo the liability. The unwinding of the discount is recognised within interest payable and similar eh8rges. 1.13 Investments Assets held for investment purposes are valued al market value at the balance sheet date. Nel gains and losses arising on revaluation during the period are irtcluded in the slalemenl of financial acts'vities. Page 15
CORBY & DISTRICT CANCER CARE IA company limilod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES ICONTINUEDI 1.14 Corby & District Cancer Caro Tradlng Umited The company operates on premises of which the charity is the leaseholder. The company donates each period under the gift aid provisions. an amount equal lo i(5 tsxable profits for the accounting period, lo Corby & Dlstrtl Cancer Care. 1.15 Government grants Job retention scheme grants are credited to the Statement of Financial A¢tMts'es as the related expenditure is incurred. 1.16 Crlilcal accounting estimates and areas of Judgment Estimates and judgments are ¢ontinually evaluated and are based on historical experience and other factors, including expectstions of flrture events that are believed lo b& reasonable under the circumstances. Cri(ical accounting estimates and assumptions.. The company makes eslimales and assumptions conceming the future. The resutting accounlir¥J eslimales and assumptions will, by definttion, seldom equal the ielaled actual resutts. The estimates and assumptions that have a significant risk of causing a material adjustment to the carwng amounts of assets and liabilities within the next financial year are discussed below. INCOME FROM DONATIONS AND LEGACIES Unrgstrict8d funds 2021 Restricted funds 2021 Total funds 2021 Total funds 2020 Individual donations Group donations Memorial donations and bequests Boxes Gifl aid Grant5 and trusts 14.230 10.627 5.535 5.989 10,561 258A58 14.230 10,627 5.535 5.989 10.561 258,458 7,649 29,206 16,563 10,693 8,908 140.000 Total donations and legacies 305,400 305,400 213,019 Page 16
CORBY & DISTRICT CANCER CARE IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM DONATIONS AND LEGACIES- PRIOR YEAR unrestrI9d Restricted Total funds funds fund$ 2020 2020 2020 Individual donations Group donations emorial donations and bequests JRS Grants receivable Boxes Gift aid Grants 8nd trusts 7,649 29,206 16.563 7.649 29,296 16,563 10.693 8,908 140,000 10,693 8,908 140,000 Total donation5 and legacies 213,019 213.019 INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds 2021 Fundraising Other income Sponsor A Nurse VAT Claims 14.841 23.933 11,895 13,041 14.841 23,933 11.895 13.041 Total 63,710 63,710 INCOME FROM CHARITABLE ACTIVITIES- PRIOR YEAR Unrestricted funds 2020 Fundraising Other income SponsorA Nurse VAT claims 73.993 70.301 7.530 5,953 73,993 70,301 7,530 5,9S3 Total 157,777 157,777 Poge 17
CORBY & DISTRICT CANCER CARE IA company limitad by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INVESTMENT INCOME Total funds 2021 Tot funds 2020 Bank deposrts Share dividends 177 1,941 2.034 2.078 2,118 Tolaj 2020 2.118 OTHER INCOMING RESOURCES Unrestricted Re$trl¢ted fund$ funds 2021 2021 Total lund$ 2021 Tolol funds 2020 Job retention scheme income 120,148 120,148 Total 2020 EXPENDITURE ON RAISING FUNDS Unrestricted Restrlcted funds funds 2021 2021 Total funds 2021 Total funds 2020 EmployTnent costs Fundraising and open day expenses Printing and slalionery 76,878 7.454 127 76,878 86.543 39,588 1,412 127 84.459 84,459 127,543 Total 2020 127,543 127.543 Page 18
CORBY & DISTRICT CANCER CARE IA company limited by guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 EXPENDITURE ON RAISING FUNDS - PRIOR YEAR Unrestrictgd Restricted funds funds 2019 Total funds 2019 Employment costs Fundraising and open day exper)ses Printing and 51ationery 86,$43 39.588 1.412 86,543 39,588 1.412 Total 2020 127,543 127.543 ANALYSIS OF EXPENDuRE ON CHARITABLE ACTIVITIES Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Charitable activities 299.S54 299.5S4 327,846 Tc4812020 327,846 327,846 EXPENDITURE ON CHARITABLE ACTIVITIES Unrgstri¢ted funds Total 2021 Employment c051s Prernise5 from Lakeland Day Centre Consumables Management and 8dminislration 233.681 42,793 1.953 21.127 233,681 42,793 1,953 21,127 299,554 299,554 Tol812020 327,B46 327,846 Page 19
CORBY & DISTRICT CANCER CARE IA Company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 EXPENDITURE ON CHARITABLE ACTIVITIES- PRIOR YEAR Unrestricted funds Total 2020 Employment costs Piemises from Lakelarbd Day Centre Consumables Management and administration 240,420 42,907 13,766 30,753 240,420 42,907 13,766 30,753 Total 2020 327.846 327,846 ANALYSIS OF GOVERNANCE COSTS Unrestrl¢ted Restrlcted funds funds 2021 2021 Total funds 2021 Total lunds 2020 Governance costs 1,836 1,836 2,387 10. STAFF COSTS The average number of persons employed ty the company during the year was as follows.. 2021 2020 No. 11 Hospice Other Fundraising 17 17 No employee reeeived iemuneration amounting to more than £60,000 in either yeai. 11. NET INCOMEIIEXPENDITUREI This is stated after charging.. 2021 2020 Depreci81ion of tangible fixed ass$ls'. - owned by the charity 10.294 10,294 Pege 20
CORBY & DISTRICT CANCER CARE {A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. TANGIBLE FIXED ASSETS Leasehold Daycaro Hosplce Computers Solar pangls Minlbus Equlpment Total Cost Al 1 April 2020 and 31 March 2021 836,787 19.443 79.282 70.331 18.366 1,024,209 Depraclatlon Al 1 April 2020 Charge for the year 152,793 8,457 19.443 79.282 70,331 13,012 1.837 334.861 10,294 At 31 March 2021 161.250 19.443 79.282 70.331 14.849 345,155 Net book value At 31 hAar¢h 2021 675,537 3.517 679.054 Al 31 March 2020 683.994 5,354 689,348 13. FIXED ASSET INVESTMENTS Ll$ted Investments Unli$ted securltles Total Market valug At 1 April 2020 Change in market value of investments 57,120 2,835 57,121 2,835 At 31 Mar¢h 2021 59.955 59,956 Subsidiary undertaklngs The following were subsidiary undertakings of the company.. Name Corby & DiStrt Cancer Care Trading Limited Holding 100Yo Page21
COR8Y & DISTRICT CANCER CARE IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. FIXED ASSET INVESTMENTS Icontinugdl The above interest relates lo tho charity's wholly owned subsidiary company Corby & District Cancer Care Trading Limited, a company regISted in England and Wales, which is principal engaged in retailing of goods for charitable purposes. The company donates all of its taxable profits to the charty by Gift d. The aggregate of the share capital and reserves as al 31 March 2021 and of the profil or loss for the year ended on that dalg for the subsidiary undertakings were as follows.. Aggregate of share capital and reserves Name ProfiU{loss} Corby & District Cancer Care Trading Limited 13S.3991 118,8501 Investments at market value comprSse- 2021 2020 Listed investments Investment- subsM*iary company 59,955 57.120 Total market value 59.956 57,121 All the red asset Investments are hèld in the UK 14. OEBTORS 2021 2020 Amourrts owed by group undertakings other debtors 164,760 4.014 119,671 7.784 168.774 127A55 15. CREDrroRS: Amounts falllng due wlthln one year 2021 2020 Social security and other taxation Other credrtors Accrua15 ,371 3,100 8.093 4,690 1,599 9.471 14.3B2 Page 22
COR8Y & DISTRICT CANCER CARE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. PAYMENTS TO TRUSTEESIDIRECTORS AND CONNECTED PERSONS No TrusleelDireclor or person with a family or business connection with a Iru51ee received any remuneration in the period, dire¢tly or indirectly, from the charitable group or an institution or company onlrolled by the charitable group. During the year, the payroll services were provided to the Company by Cltfford Roberts, Chartered Accountants. Mr L O'malley is a partner of Clffford Roberts and 15 a TrusleelDireclor of the Charitable Company. No fee was charged for this seM¢e in either year. Costs are incurred by the Trustees persOnty in persuance of the charitable group's objed'ves. There were no gxpenses reimbursed to the Trustees during the period {2020- £nill. 17. sTATEmEr OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Unrealised Balance at gainsl 31 Mar¢h (Losses) 2021 Balance at l April 2020 Income Expendlture Deslgnated funds Pahenl chairs Hospice at Home Bathroom Project 5.148 158,317 3,544 5,148 172,065 137.477 (123,729) 167.009 137,477 (123,7291 180.7S7 Unrestricted funds Unrestricted rese+ves 755,477 353,859 1262,120) 2,835 850,051 Total Unreslricled funds 922.486 491.336 1385,8491 2,835 1.030.808 Restrfctod funds Minibus 37.328 37,328 Total of funds 959,814 491,338 1385,8491 2,835 1.068.136 Page 23
CORBY & DISTRICT CANCER CARE IA company limitgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. STATEMENT OF FUNDS (continued) STATEMENT OF FUNDS- PRIOR YEAR Unrealised Balance al g8insl 31 March (Losses) 2020 Balance at 1 April 2019 Income Expenditure De$lgnated funds Patient chairs Hospice al Home Bathroom Project 5.148 144,970 5.148 158.317 133,473 1120.126) 153.662 861,541 133,473 {120,1261 1337,650) 167,009 Unre5trtcled reserves 239,441 {7,8551 755.477 Restrlcted funds Minibus 37.328 37.328 SUMMARY OF FUNDS - CURRENT YEAR Unrealised Balance at galnsl 31 March (Losses) 2021 Balance at l Aprll 2020 Income Expendlture Design81ed fund5 Unrestricted reserves 167.1)09 755,477 137.477 353.859 1123.7291 {262,1201 180.757 860.051 2,835 922.486 37.328 491.336 1385,849 2.835 1.030,808 37,328 Restricted funds 959,814 491,336 1385.8491 2,835 1,068,136 Page 24
CORBY & DISTRICT CANCER CARE (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. STATEMENT OF FUNDS {¢ontinuedl SUMMARY OF FUNDS-PRIOR YEAR Unrealised Balance at gainsl 31 Marth (Losses) 2020 Balance at 1 April 2019 Income Expenditure Designated funds General funds 153.682 861.541 133,473 239.441 1120,1261 1337.6501 167,009 755.477 {7,8551 1.015,203 37.328 372.914 {4S7.7761 17,8551 922.486 37.328 Reslricled funds 1.052.531 372,914 1457,776} 17,8551 959.814 Doslgnatod funds The management commthee has desTgned these funds for the following purposes.. Patlent Chalrs These designated funds are allocated for the purpose of new chairs for the day care attendees. Hosplce at Homg These funds enable the Hospice lo promde an overnight service to offer care and support for patients with life limiting illnesses and their relatives, in their own home5. Bathroom project These designed funds are allocated for the purpose5 of the renovation of the bathroom forthe day care attendees. Reytricted funds Mlnlbus These funds are restricted for the reptacement and wnning cost8 of the charity's vehicles, when curnent vehicles become ineffective. or fail to comply with legislation and other regulations. General fund These funds are unreslricled and for general charitable use. The Trustees would exped to hold slx month5 working expenses. Page 25
CORBY & DISTRICT CANCER CARE IA company Ilmltsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. ANALYSIS OF ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestrlcted Restrldgd funds funds 2021 2021 Total funds 2021 Tangible h'xed assets Fixed asset investments Current assets Creditors due within one year 679,054 S9,956 301.269 {9,4711 679,054 59,956 338.597 19,4711 37.328 1.030.808 37.328 1.068,136 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unreslricled funds 2020 Resliicted funds 2020 Total funds 2020 Tangible fixed assets Fixed asset investments Current assets Creditors due wilhln one year 652,020 57,121 227,727 114,382) 37,328 689.348 57.121 227,727 (14.382) 922.486 37,328 959,814 19. RECONCILIATION OF NET MOVEPIIENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020 Net incomel{expenditurel for the year (as per Slalement of Financial Activit4esl 108.322 192.71n Adjustment for: Depreciation charges Unrealised lossllgainsl on investments Divadends, interest and rents from investments Increase in debtors IDecrea8ellincrease in creditors 10,294 2.835> 12.0341 141.3191 14.9111 10,294 7.855 11.9411 113,1541 2,864 Net cash provlded byllused Inl operatlng actlvltles 67,517 186,799) Page 26
CORBY & DISTRICT CANCER CARE {A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 20. ANALYSIS OF CASH AND CASH EQUIVALENTS 2021 2020 Cash at bank 169.823 100.272 Total 169.823 100,272 21. TAX STATUS The charty is exempl from tax on income and gains falling Mthin section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo ils charitable objects. The charity has received appioval from the H M Revenue and Customs regarding its eKempt slalus. 22. SHARE CAPITAL The wmpany is limited by guaianlee. The members ale liable to contribute to the assgls in the event of winding up to an amount not exceeding £10. 23. LEASING COMMITMENTS The Company has a lease of land at Oakley Vale, Corby with Corby Borough Council for 99 years, expiring on 28 July 2098. al a peppercofn annual rent ol £1. CONTROLLING RELATED PARTY The directors are the ¢ompanls wnlrolling Telated party by virtue of their offi. 25. RELATED PARTY TRANSACTIONS DLtring the year, the payroll serfflces were provided lo the Company by Clrfford Roberts, Chartered Accounlanls. Mr L O'malley is a partner of Clrfford Roberts and is a director of the Company. No fee was charged for this Seice in either year. During the current year, Corby & District Cancer Care Trading Limi(ed, a wholly owned subsidiary of the harsty, donated £-nil12020.' £12,814) Page 27