Registered number: 3325051 Charity number: 1082120 CORBY & DISTRICT CANCER CARE (A Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CORBY & DISTRICT CANCER CARE IA Company Limltpd by Guarnntsel CONTENTS Page Reference and Administralivo Details of the Charity, its Twste06 and Advisers Tru8t8es' Report IndepeDdent Examlnerfs Report Statomgnt of Firbanclal A¢tivitlo3 Balance Sh¢ot 10 Notss to the Flnancial Statements 11-27 CORBY & DISTRICT CANCER CARE IA Company Llmlted by Guarant981 REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustegsldlrectors R Cooper L J P O'malley (￿sIgned 2 Odober 2023) G Tait C Rellty (appointed 1 October 2023> K A Govter (appointed 1 oc1￿)er 2023) I C Price (appointed 1 October 2023) D A Renshaw (appoinied 1 October 2023) T M Osbome (appointed 1 October 2023) T Taffs (appointed 1 October 2023. ￿$1￿ed 20 November 2024) Company rogistgrgd number 3325051 Charlty reglst¢red nufflbgr 1062120 Registgrod offiGe Lakelands. Bulland Road. Oakley Vate, Corby, N*thnts. NN18 8LX Socrotary G Tait Indgpgndant axamlner MHA, ¢￿Jry House. The Lakes, Ncthampton. NN4 7HD Bankor8 HSBC Bank plG Cth. Northants. NN17 1NY Solicttors Toliers. Exthange c￿1{ Cottingham Road. Cc*by, Northants, NN17 1TY Page I COR8Y & DISTRICT CANCER CARE IA Company Llmlt•d by Guarnntee TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Tnrstees present t￿r annual report logether wth the finanaal statements of thè Company for the year 1 April 2023 to 31 March 2024. The Annual ReP￿t serves Ihe purFoses of both a Tfustees, rewt and a directors, reFQrt under o)mpany law. The Trustees confimi that the Annual Report and financial statements of the charrtable o)mpany CoM￿Y wrth the current statutory requiremerrts. the requirements of the charitable Gompany's governin9 document and the provisions of the Statement of Recommended Practice (SORP) applicable lo Charities preparing their accounts in ae¢ordance with the FinanGial Reporting Standard applicable in the UK and Republ￿ of Ireland {FRS102) (effective 1 January 2019). Since the company qualrfies as smalt under section 383. the strategic report Tequired of medium and Sarge companies under The Companies Acl 20rfi (Strategtc Report and Directors Rewjrt) Regulations 2013 is not required. STRUCTURE, GOVERNANCE AND fdANAGEMENT Con8titutlon & District Cancer Care is a company limited by guarantee by its MerMrarKlum and Articles of Associatron. Th8 charitable company was forrned to take over the actimties of a chatitable trust Corby & District Cancer Care, whose assets were transferred to the charilatle ￿MpanY on 18 March 1997 wth the (x)nsent of the Charity Commissi(￿. Organlsatlon structuro Thè Charitab￿ company i8 managed by the board of Trustees, all rrf whom are directors of the company. who consider all signrficant expenditure and other requests at their meeltngs. Tr charity ern￿oyS a Hospice Manager vtho handles all general admini3tr*ion and other matters and refers to the 8oard of Trusleos as appropriate. Trustees The present mthnbership of Ihe Board is set I￿rt belu*¥. All directors seFved thrOu￿oUt thè period. R Cooper L J P O'malley (resvJned 2 October 2023) G Tait C Reilly (appointed 1 Oclober 2023) K A Govief (appointed 1 October 2023) I C Price (¥pointed 1 OGtober 2023) D A Renshaw lappoinled 1 October 2023) T M Osborne (appointed 1 October 2023) T Taffs {apP￿nIed 1 October 2023. resigned 20 November 2024) Trustees are invited to join the Board generalty on the recommendation of existir¥J Trustees and do not serve mlnimLm or maximum pe￿d as Trustees. Page 2 CORBY & DISTRICT CANCER CARE (A Company Llmited by Guaranteg) TRUSTEES, REPORT (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 Rlsk managThnt The major risks, to Nthich Corby & Dist￿1 ca￿er Care is exposed, as identified by the Twstees, have been reviewed and systems have been established lo mibgate those risks. The tharilable company employs qualified staff who i)perale on written pro￿dure$. There is a health and safely poly lo cover the adivtties of the hospice. The Trustees consthr the n$urance arrangements of the charity to be adequate. A furKlrai5ing team is employed to false the fthure inccffie of the charitabFe compary. The boar(i are acbvely seekng to recnmt and strengthen the number of trustees. this prO￿s9 is ongoing. Since the yeaf end we have recruFted six Trustess but process ahvays ￿xIer revtew. Tralnlng of trustees There is no form81 training programme for Tru¥tees. The Trustees have a V•ide experience and most have many years service as Trustees. Objectives and Activlties Oblectlv•8 The obsectrve5 of the charitable company (as set out in the Memorandum of AsscKiabon) a￿ the provtgion ar maintenance of a dayJns relating lo cancer. Trustee meetings Continue to ensure that re9ular contact is kept with the osp'Ge management team to revithv and discuss the implementation of Strategies in relatKJn lo the provision of services and the costs of wowding those services. The management team of Corby District Carw are cooperative and professional and continue lo excel in . providin9 servKes both al Ihe H05PMX and through Hospice at Hcffne. Fundraising has been a prinripal focus hw.ng regards to the drfficullies in rat￿n9 f(mds caused by the p8ndem¢c and in particular W*ith regards to the inability to hold mass participation events. Tr fundraising team is focused on generating income through corporate, community and applications fo¥ gr￿ts and probate. This enèbks them lo se¢ure funth.ng in awdance wth Ihe needs of the Hospice. The retail premises ￿ Corbrf levels improved FQSt Pandem￿ and have weased grad￿lty ¥￿th Ihg h81) of the Fnanagemerrt and the of the team IlYryJghout the trading ctynpany. Support services such a$ patient activities. berea4pment co￿sel￿r￿j *KI care $upwt gr￿JP meetings are held regularly. Page 4 CORBY & DISTRICT CANCER CARE (A Company Limlted by Guarantee) TRUSTEES. REPORT (Gonunued) FOR THE YEAR ENDED 31 PaARCH 2024 The Trustees meet regularty with the m￿agement team and our PTosent staff meetings in ord¥ to create indusimty and to enswe that there ts a shared vish)n betrhwn all those actively involvad in the services prOV￿ed by the Hospice. Stsff and Volunteers Trustees woukl like to thank trte *Y)nderful team of staff and v(Awrteers who steadfastly worked Ihrough the pandemiG and who have worked above and beyond the usual exFectations throughoLrt the last year. FINANCIAL REVIEW There was a deficit for the period betse rvalised and unre*ised ￿valUation losses on investments amounting 10 £57.291 12023.. £173,514). Unreal$8ed revaluatiC￿ Ioss (xt investments for the period amounted to £1.780 (2023.. £12,873). Unrestrthd furKls at 31 March 2024 amounted to £752.143 12023: £813,527). Restridèj funds at 31 March 2024 amounted to £43.377 (2023: £41.064). The Trustees a￿ monitoring the fin*ces of the charitable corT]pany. aThJ prepare an annual forecast which is compared to actual inojme *Kf expends￿re at a montNy review. Inv•stmont poI￿Y The Trustees have ¢onsidered the most appropriate policy for investing fvnds and have lound that a combination of fixed intere51 stocks and equities vth cash deposits meet their requwemenls lo generate income and Se￿Ire capital values. The Trustees will continue lo retain a large prowtion of Iwjuid funds to ensure that they are available to conttnue fvrKltng the existiNJ requiremerts of Ihe trust. Considei that the charitsble company has insufficient fvnds for them to be invested in the longer lemi. AJI funds not required ICK immedhlte use a￿ held on interest bearirKJ bank dewsit. Reservos poIiGy The reserves poli¢y of the charrtable ￿mpanY is based on having free reser¥es at a level sufficient to hold twelve month$ operating expendtturè of free resefves. The definikn'on of flee rese￿eS lor these wrposes exdudes fixed assets so represents net current assets on all funds and on this basis there is sufficient fund5 al the balance Sheet date 31 March 2024. It is the policy of the Trustees not to hold spwfic reserves. ex￿pt vknere fijnds have been raised for a parkncular purpjse. The purFQ.se of the unrestricted funds is to finance the prnNisi)n of tho Grant making policy The policy of the TnL8tees o Mt to make grants to indiwKJuals or to ott)er Charl￿$. Volunteer twne The Trustees and many other inthviduals give a Significant am(MJnt of time in wo￿ntary servic* to th8 ewipany. This ts.me is renected in the financial statements. Page 5 CORBY & DISTRICT CANCER CARE (A Cofflpany Umltsd by Guarnntse) TRUSTEES. REPORT {continuedl FOR THE YEAR ENDED 31 MARCH 2024 Fundino The Trustees are satisfied that. coupled wtth ttkir irtenbon to seek addItsc￿al funds, the charitys assets are avadable and adequate to fulfd tts obligations. statement ot tTUStees' respon5ibilili The Trustees Ihtho are also direct4XS of & C)islri& Care for the purrmes of company Iw) are Sponsible for preparing the Trustee¥ Report and the ffinanc¢al ststements in accordan￿ smth appticable law and Un¢ted ￿'ngdorn ACc￿nting Standards (Uiwted Kingdom Gert￿￿]Y Accepted Aco)unting Practice). Company law rewires the Trustees to prepare finantial statements ead) financial year. Under company law the Trustees must not approve the financial ststements unless they are satisfied thal they gNe a true and fair view of the stste of affairs of the charitsble company and of the incoming re$cxFrces and application of resources. induding the income and expenditure. of the Charitable c(xnpany for that pericKI. In Pfeparing these financial statements. the Trustees are required to.. sdect sujtable a¢twntrng policies arKI then appty them consistenty. observe the methods and prinGik4es in the Chanties SORP,. make juthjments and accwnling estimates that are reasonable ￿ prudent.. slate whether appliCa￿e UK Pm)unb"ng Stsnd¥ds have been folkywed. SU￿.¢￿ to any material departures disclosed and explained in the flnanc4al statements: sKep8re fhe financial statements on the going ¢or£ern basis unless it is inappropriate to presumo that Ihe chatitsble companywll continue In operaiion. The Trustees are reSpon￿ble lor keeping adequate accounting records that are sufficient to show and explain the charltable cornpany's transarthons and digdose wtth reasonable at￿racY at any time the financial position of the charitable ¢ompary and enable them to ensure that the fjnanaal statements o)mply with the Companies Aci 2006. They are also responsible tor safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitses. The Tru8tee8 are responsible for the maintenance and integrity of the corwrate and fin￿claI iiformation incfuded on the charitable company's websrfe. Legislatson in the United lQngdom governir¥J the preparatson and disseminatK>n of finanejal ststements may differ from legislation In other Iwisdicts"ons. Thls repl￿ was approved by the Trustees, on 211,k25and signed ¢)n their beha￿ by. G Tail D1￿ctor Page 6 CORBY & DISTRICT CANCER CARE {A Company Umitod by Guarantsg) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF CORBY & DISTRICT CANCER CARE lthe 'compary'l I report to the thartty Trustees ￿ my examination of the ￿nts of the company for the year ended 31 March 2024. This report is made sok5y to ts companvs Trustses. as a bryly. in a¢¢Ordan￿ with Part 4 of the Charities (Accounts and Reports) Regulabons 2008. My wcrfk has been undertaken so that I might stste to the compan1$ Trustees those matters l am required to state to them in an Independent Examinels Report and for no other purpose. To the fullest extent permitled by law. I do not accept or assume responsibility to anyone other than the company arKI the compan15 TtU5tee5 as a br¥Jy. for my work c¢ for this report RESPONSIBIL ￿lEs ANO BASIS OF REPORT As the Trustees of the company (and its directors for the purposes of cornpany law) you are respon8tble for the preparation of the ac¢ount$ in a¢¢ordance wth the requirements of the Companies Act 20Cfj ('the 2006 P£r}. Having satisfied myself that the acGounts of the Gompany are not required to be audited under Part 18 of the 2006 Act and are eligib18 for independent examination. I report in respect of my examinatron of the companys accounts Car￿ out under section 145 of the Chanties Act 2011 Cthe 2011 ACV). In carying out my examnalion I have followed the Direa1￿$ given by the Charty ComftYs8ion under sectrcm 145(S)(b) of the 2011 A(a. Page 7 CORBY & DISTRICT CANCER CARE {A Company Llmlted by Guarantegl INDEPENDENT EXAIIIINER'S REPORT (continued FOR THE YEAR ENDED 31 MARCH 2024 INDEPE140ENT EXAMINER% STATEMENT Slnce the compan￿9 gross income exceeded £250.000 y￿r examinef must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of The Association of Chartered Certif￿d Accountants, which is one of the listed bodies. I have completed my axamination. l can Confi￿ Ihat no matters have come to my attention in connectiort wlth the examination gtrwng me cause to beI￿ve.. a¢￿￿ting records were rN)t kept in rnspe¢t of the company as requi￿ by Section 386 of the 2CIJ6 ACL" the a¢xounts do not accord V￿th those records: or the accounts do not comply w¥th the accounting rewlrem￿ts of secbon 396 of the 2006 A¢t other than any requirement that the accounts give a Yrue and fairf Mew ￿thIch LS not a matter considered a$ part of an independerrt examinab'on- or a¢￿Unts have not been prepared in accordan￿ ￿￿th the meth(MYs and princwites ot the St3tement of Recommended Pradit£ for a¢counting and reporting by charibes lapplicable lo charitre5 weparing their accounts in acry>rdance ￿1th the Fir￿n¢la1 Reporting Standard applicable in the UK and Republ￿ of Ireland {FRS 102)]. I have no ccncems and have come ac¥ass no other mattets In C￿nectiOn the examlnation to vthlch attention 9￿ukI be dravm in this report in order to enable a prw WKIerStand￿ of the a¢cotMts to be rexhed. Rebecca Hughes BS¢{Hor￿) FCCA Chartered Accountants Century Hcmjse The Lake$ Northamplcrft NN4 7HD Date: 29 January 2025 Page 8 CORBY & DISTRICT CANCER CARE (A Company Llmited by Guarantee STATEMENT OF FINANCIAL ACTWITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unfestricted R08tr1ctod funds funds 2024 2024 Total fund$ 2024 Total funds 2023 INCOME FROM: Donations and legacies Charitable actimties Investments 272,215 65,047 3,028 18,533 290,748 65.047 3,028 204,409 31,405 3,081 TOTAL INCOME 340,290 18,533 358￿23 238,895 EXPENDITURE ON: Raising funds Charitable acti%AtFes 13.267 386,627 13,267 402,847 74,092 338,317 16,220 TOTAL EXpEND￿uRE 399.894 16.220 416,114 412,409 NET INCOME I (EXPENDITURE) BEFORE INVESTMENT LOSSES Net (losses)19ains on investments NET INCOME I {EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES (59.604) (1,7801 2,313 (67.2911 1173,514) 11.780) {12,873) 12 (61.3B4) 2,313 (59,071) 1186,387) NET MOVEMENT IN FUNDS 161,384) 1313 {59,071I 1186,3871 RECONCIUATION OF FUNDS". Total funds brought fO￿TIl 813,527 41,064 854.591 1,040,978 752,143 43,37Y 795,520 854591 TOTAL FUNDS CARRIED FORWARO The notes on pages 11 to 27 fom part of Ihese financial statements. Page 9 COR8Y & DISTRICT CANCER CARE (A C¢)mpany Llmited by Guaranto01 REGISTERED NUM8ER: 3325051 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note FIXED ASSErs Tangible agsets Investrnenls 11 651,456 41,824 660,331 43,604 12 693,280 703,935 CURRENT ASSETS Deblors Cash at bank and in hand 13 81,045 60,811 163.123 39,271 131,856 202,394 CREDITORS: amounts falling due 7fiilhin one year 14 129.616 (51,7381 NET CURREfff ASSETS 101240 1SO.656 NET AsseTS 795.$20 854,591 CHARITY FUNDS Restricted funds Unresln¢ted funds 16 16 41377 751143 41.064 813,527 TOTAL FUNDS 795,520 854,591 The c4)mpanV5 financTral 8t*ements have been prepared in accordance V•ith Iha provisions applicab￿ to compan￿5 subject to the small companles regime. The Trustees comider that the cAMnpany is entiued to exemption from the requirernent lo have an aLtdil under the provisions of section 477 of the Companie8 Act 2(KJ6 rthe Acr) and members have not required the ¢ompany to obtain an audrt for the year in question in a¢¢ordance wilh section 476 of the Aci The Tiusle8s ¥knowledge Iheir responsibilibes for coMp￿n9 wrth the requirements of the Companies Act 2006 with respecl to accounting records and the preparath)n of finan￿al Statements. The financial statements were approved and auth￿￿ for issue by the Tw$tees on 2q /1 Its 519ned on their behaff, by. and G Tatt The notes on pages 11 to 27 form part of these financial statements. Page 10 CORBY & DISTRICT CANCER CARE (A Company Limited by Guarantsa) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Gefteral Information Corby & Disln"ct Can￿r Care is Imited by guaranlee. domlciled In Engl￿d and Wales, regISte￿d mbor 3325051 and rwstered charity number 1062120. The registered off￿e arKI prin¢pal ￿a¢e of busw)ess 15 LakelwK15. Buland Road. Oakley Valo, Cotby. Northants. NN18 8LX. 1.2 8051$ of pr•parnlitin of financlal statemonts The financ&418latements have been prepwed in aCcOrda￿e *ith the Charities SORP (FRS 102)- Acc£surrting and Reporting by Charibe$: Ststement of Recommended Practi￿ applicable lo charities prepanng their accounts in accordance with the Financial Rep)Tting Standard appl￿ble in the UK and Republic of IreFand (FRS 102) {effective 1 January 2019}, the Financial Reporting Standard irable In the UK arxl Republic of IielarKI {FRS 102) and the CLynpanie$ Act 20LI3. Corby & OislrKI Cancer Cafe meets the definitton of a public benefit entity under FRS 102. Assets and liabrlities are inilialty reeogni8ed at htslorical or tran8action value unless olh¢rwise ststed in the rdevant accounting polw. 1.3 Company slatus The ompany is a cAKnpany Fimited by guarantee. The member$ of the company aft the Trustee$ named on page 1. In the event of the ty)mpany being up, the liability in respect of the guarantee is limited to £10 per membw of the ¢ompany. Page 11 CORBY & DISTRICT CANCER CARE (A Company Umlted by Guardntoe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES {CONTINUED} 1.4 Incoming resources Afi income is recognised once the CoMp￿Y has entilemerrt to the income. tt is prOba￿le that the irKome wll be re¢eived and the amount of receivable can be measured rellably. For kgacies, enb'ttement is taken as the earfier of the date on which either. tho company is aware that probate ha8 been granted, the estate has been ffinalised and notiftcalion has baen made by the executor(sl to the Trust that a distitJLrtion WAI be m*Je, or when a distribution is recyived frcm the estate. Receipt of a lega¢y, in whole or part. is onty ca)nsideTed probable ￿en the amount be measured reliaw and the Gompany has been noirfied of the executorf$ intention to make a distribut¢on. Where legacies have been notified lo the company. or Ihe ccffnpany is aware of the granting of probate. and Ihe criteria for income recognrtion have not been met, then the legacy is treated as a ccffttin9enl asset and disclosed rf material. Gifts in kind donated for disiributitjn are w￿$Uded at vahjation and reco9ni$ed as irtome when they are distributed to the projects. Glfts donated for resale are induded as inrJJme vhben they are sold. OoDated fa¢Aitses are included at the value to the C*)mpany wlwe this can be quantified and a Ihlrd party 1$ beam9 the cost. No amounts are included in the financtal statements for services donated by volunteers. Donated services or facilities ￿ recognBed the company has contrd over the itwn. any ¢onditions assooated with the donated item have been met, the receipt of economic benefit from the use of the ryjrnpany irf the item 18 probable and that economic benefit can bè measured rélkibly. In a¢￿dance with the Chartts'es SORP (FRS 102). the generat volurrteer lime of the Friends is not We￿nIsed and relw to the TNstees' Report for more Inform￿ about their contrttsjtio On rec4ipI, donated wofes5ional se￿CeS and doftated faciliknes are recognised on the basis of the value of the grft to the compary whith is the arnount the company WOLbld have been WFlling to pay to obtain seNces or facilities of 4uivalent ecorH)mic benefit on the open mafket., a ¢orresp)nding amount is then recognised in expenthture in the perFod of receipt. Income tax recoverable in relatrjn to donati4Xt8 fecer¥ed under Gift Aid or deed$ of covenant is cvanised * the time of the donati￿. Income tax recoverable In relatbon to inv8stsnert income is recognised at the time fhe inveslment in¢ome 1$ recetvable. othei ￿cOme 1$ recc*Jnised in pernd in it is re￿ivable and to the extent the goods have been prowded or on ¢ompletion of the service. Certain types of income are shown in the Ststemenl of Finan¢ial A¢tivitie8 Incorporab"rvJ Incc¥ne and EXpendi￿re Account net of expenthture as folk￿5". Grants recaivabl• Grants a￿ accounted for conditions to enbtlement have been met. Page 12 CORBY & DISTRICT CANCER CARE (A Compony Llmitsd by Guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (CONTINUED) 1.5 Resources •xpgnd Govemance costs are those incurred in connection adm￿l$tratIon of thg company and ¢ornplian¢e with ¢cnstitutitinal statutory requwements. Costs of geneTatsng funds are costs inCu￿ed ￿ attracting vol￿tary income. those in trading activthes that raise funds. Charitsble activities and GovernaKe costs are costs ir￿Ur￿d on the ¢cffnpanls educational operalion$. including Support costs and costs relating to the govemance ofthe Company apportion￿j to ¢hafttable adivities. All expenditure is Incthive of wrecoverdble VAT. 1.6 Fund a¢tounting General funds a￿ unrestriL#ed fvnds Y4hich are avalabk for use al fhe di￿￿tion of the Trustees in lurtherance of the general objectives of the o)mpany and have not been designated for other purposes. Oesignated funds ¢ompFise unrestrsded fijnds that have been set aside by the TnJ8tees for partrryJar pulposes. The aim arKI use of eath desiwated fimd is set c*Jt in the notes to the fnancial statements. Restrcted funds are funds whith a￿ to be in a¢¢ordan¢e with SFecific restriGtrons imposed by donors or which have been raised by the company for part1(￿18T purposes. The costs of Tai5ing and administering such funds are charged against the specific furKI. The aim use of each re5tri¢ted lund is set OLrt in the notes to the financial statements. Investment irKome. galns and losses are albcated lo the appropriate f￿d. 1.7 Golng concern The finanaal ststements have been pr4)ared on a gJirvJ concem basis. The Trusleeg have considered relevarrt infomiation. induding Ibe annual budgeL and the impact of subsequent events in makuig ttieir assessment. The Trustees have not identif￿d any further material unrAtsinties that m8y ￿51 significant doubt al>oLrt the abilriy of the charIta￿e ￿MpanY to cMb"nue as a going concern. The charitable companls business a¢b"vities. together wth the lact(ffs ￿kelY together long tsrm contracts for all of its trading centres. Based on It￿ a$ses$ment$ ond havirvj regard trj resour¢e$ available to the charitable company, the Truslees have ￿ncluded that tr*re is no material L￿certainty and that Ihey can continue to adopt the gotng concem basis In weparing Ihe arnual ￿pOrt and accounts. Page13 CORBY & DISTRICT CANCER CARE (A Company Llmitod by Guarantsg) NOTES TO THE FINANCIAL STATEVIENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES ICONTINUEDI 1A TangHJle flxed assets and deprgdati A rewew for impairment of a fixed asset is ￿rrIed out if or changes in ¢i￿umStanceS indicate that the carrying value of any fixed asset may not be recoverable. Shortfams bett¥een ttr￿ ¢arying value of ftxed assets and their recoverable amounts a￿ r&ognised as impaiments. Impaimient losses S￿ ￿COgnised in the Ststement of Financial Adivrlies incwporating Income and ExpendrtLJre Account Tangible fixed assets are carried al cost. nel of deprecration and ary provision for 5mpalM￿nt Deweciatton is provided at fates calculated to Ya7te off tr* ￿)st of fred assets. le5S their estimated resKlual value, ovar their expethd usefuTr lives on the fdlobNTng bases.. Leasehokl Daycare Hospice Computers Minibug Equipment s￿ar panels Peritxl of lease. 99 year5 4 years straight line 4 years straight line 5 years straight line 10 Yea￿ straight line 1.9 Taxation rhe Gompany is exempl from cOrWati￿ tsx by vklue of its ctharstable stslus. 1.10 Dèbtars Trade and other debtors are recognised at the SetU￿ent amount due. Prepayments are valued at the amount prepaid. 1.11 Cash at 8ank and in hand Cash at bank and in hand indudes cash and short lem highly liquid investments wilh a short maturity of three months or less from the date of acquisilK>n or opening of the deposit or similar accounL 1.12 CrndltorJ and provlslon5 Liabilities are recognised when there 1$ an obligation at the balance sheet date as a regult of 8 past event, it Is Probable that a transfef of econom￿ benefil will be required in setuemenl. and the amount of the settlement can be estimated rel￿tIy. Liabllities are recogrxsed at the anounl that the company anliapates it wll pay to setue the debt QT th& amount it has recewed as advanced payments for the goods or service5.il must provido. Prowsions"are measured at the best estimate of the amounts required to se#le the ob5igat*on. Where the effecl of the time vahje of money is materÈal. the provision is based on the present valLte of ttrh)se amounts. discounted at the pre-tax discount rate that Tefie¢ts the risks specific to the fiability. The unwinding of discount is reco9nised wttlHn interest payabb and similar charges. 1.13 Inveslments Assets held for inveslment wrkx)ses aro valued at mathet value at the balan¢È sheet dale. Net gains and losses arising on revaluation dwing the are irKluded in the statement of financi aGtIvit￿s. Page 14 CORBY & DISTRICT CANCER CARE (A Company Llmlted by GuaAntsèy NOTES TO THE FINANCIAL STATEklENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (COPfflNUED) 1.14Corby & Otstrkt Cancfjrcarg Trndln9 Llmlted The company operates on premises of 4thich the charity ¢9 the leaseholder. The company donates each period under the grft 8id prOvis￿n$. an amount equal lo ils tsxable profits for the accounting Feriod, lo Corby & tAstn"et Cancer Care. 1.15 Govemmont grants Job retenlion stheme grants are cre(fi￿ to ts Statement of Finanaal Activiiies as the related expenditure is in¢ufred. 1.16 Crlllcal accounting estimate# and arnas of ludgmont Estimates and judgments are continually evaluated and *e based on historical experien¢e and olhef fador5. induding expectatrons of fthure events that are believed lo be reascfiable Ul￿er the ircumgtances. Crtscal accounting eslmiates and assumpti￿1$.. The company makes estimates and assUmpti￿S conceming the future. The re9u5tiTrJ accvunting estimates and assumpts'ons will. by definition, seld(¥rJ equal the rejaled acfual ￿sU11$. The estimates and assumptions that have a signif￿1 risk of causing a material adjustrnent to the caThying amounts of assets and liabilities vithin Ihe next financial ye8r are discussed below. INCOME FROIA DONATIONS AND LEGACIES UnTo$tricted Rostricted fund8 funds 2024 2024 Total funds 2024 Total lund8 2023 Indlwdusl donatrons Group donations MemoFial donats'or￿ * bwsts Legaaes Boxes Minibus appeal Gift aid L Willan Northampton Sports Grants and Tfusts 3,330 16.358 18.872 86.630 3,330 16,358 18,872 86.630 9,664 2,313 4.054 1S,QOO 1,220 133,307 8,355 29.277 18,436 1,000 ,377 2,269 2,202 1313 15,000 1,220 133,307 134,493 Total donati¢Jn$ and legacies 2n.215 18,533 290,748 204,409 Page 15 CORBY & DISTRICT GANCER CARE IA Company Llmltsd by Guaranto01 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM DONATK)NS AND LEGACIES - PRIOR YEAR Unrestricted Rextricted Total funds funds fund¥ 2023 2023 2023 IndiMdu81 donations Group donations Memorial ￿nati¢Th8 and bewests Legacies Boxes Gift aid Grants and trusts Mini bus aFpeal 8,355 29,277 18.436 1,000 8.377 2,202 134,493 2.269 8,355 29,277 18,436 1,000 ,377 2,202 134,493 2,269 Total donattons and legacies 204.409 204,409 INCOME FROM CHARITABLE ACTMTIES Unrostrl¢tsd RestriGted funds fund8 2024 Fundraising Kitchen money Hospice shop sales Sponsor A Nurse VAT Claims 45.740 2.257 1,118 5,041 10,891 45,74Q 2.257 1.118 S,041 10,891 Total 65,04T 65,047 INCOME FROM CHARIT ABLE ACTMTIES - PRIOR YEAR Unrestrl¢ted funds 2023 Fundraising Hospice shop sales Sponsor A Nurse VAT ¢lalms 12,170 2.447 4,574 11214 12.170 2.447 4,574 12,214 31,405 31,405 P4e 16 CORBY & DISTRICT CANCER CARE IA Company Llmlted ty Guardntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INVESTMEKf INCOME Totsl funds 2024 Total fund5 2023 8ank deposits Share dividends 388 81 3.000 3,028 3,081 Totsl 2023 3m1 EXPENDITURE ON RAISING FUNOS Unregtrfcted Restricted fundg funds 2024 2024 Total f4MJds 2024 Totsi fvnds 2023 Emplo￿}ent costs Fundraising and cpen day expenses Printing and stationery 67,40S 6,037 660 12.727 12.727 13.267 13267 74.092 Total 2023 74,092 74,092 EXPENDITURE ON RAISING FUNDS- PRIOR YEAR Unrestricted Restricted funds fund$ 2023 Total funds 2023 Employment costs Fundraising and open day exp￿seS Printing and stationery 67.405 6,037 650 67.405 6,037 650 Total 2023 74,092 74.092 Page 17 CORBY & DISTRICT CANCER CARE {A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDffURE ON CHARrrABLE ACTMTIES Unrestrlcled funds 2024 Restrlcted funds 2024 Totsl funds 2024 Total fvnds 2023 Charitatk acuvitses 381,272 16,220 397A92 328,704 Total 2023 328,704 328,71M EXPENDITURE ON CHARftA8LE ACTIVITIES Unrestrlcted funds Total 2024 Em￿Ymertt costs Premises from Lakeland Day Centre Consumables Management and admini5trati¢Jn 287,644 47,053 15,007 47.788 287,644 47,053 15.007 47.788 397,492 397.492 Tota 2023 328,704 328,704 EXPENDITURE ON CHARITABLE ACTivrriES - PRIOR YEAR Unro8trt¢ted funds Totsl 2023 Ern￿Yment costs Premises from Lakeland Day Centre Consumables Management and athniTh*rai< 214.304 54,347 13,696 46.3S7 214,304 54.347 13,696 48,357 Total 2023 328,704 328,704 Page 18 CORBY & DISTRICT CANCER CARE (A Company Llmited by Guardntg91 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF GOVERNANCE COSTS Unmstslctod funds 2024 Ti>tal funds 2024 Total funds 2023 funds 2024 GovemanGe costs 5,355 5,355 9,613 STAFF COSTS The average number of persons wnpioyed by Ihe company during the year was as follows: 2024 No. 2023 No. Hospice Other FundraisirvJ 14 15 No employee received remtheratK>n amounting to more than £60.0Tr) in either year. 10. NET INCOMEI{EXPENDrruRE) This Is stated after chargry: 2024 2023 D8weGiatiw of larMJible fixed assets." - a￿1ed by the chafity 8,875 10,498 Page 19 CORBY & DISTRICT CANCER CARE IA Company Llmltsd by Gvaréntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AIARCH 2024 11. TANGIBLE FIXED ASSETS Loasehold Daycare Hosplc• ComputOVS Solar panels Mlnlbu$ Equlpment Totsl Cost At 1 Apfil 2023 and 31 klarch 2024 836,787 21.532 79,2B2 70,331 18.366 1,026,298 Depreciation At 1 Aprit 2023 Charge lor the year 178.164 19,824 418 79,282 70,331 18,366 365,967 8,875 At 31 March 2024 166,621 20,242 79,282 70,331 18,366 374,842 Not book val At 31 Marth 2024 650,166 1290 651A56 Al 31 Marth 2023 658,623 1,708 660,331 12. FIXED ASSET INVESTIIENTS Listed investments Unfisted securittes Total TrAa￿et value At 1 April 2023 Change in market value of investsxents 43,603 11,7801 43,604 11.780) At 31 Marth 2024 41,823 41.824 Subsldlary ￿dertakIng8 The foltowing were subsithary undertaking8 of the company: Name Corby & Distiict Cancer Care Trading Limited Hokling 100% Page 20 CORBY & D18TRIGT CANCER CARE IA Company Limitgd by Guarantsel NOTES TO TFIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. FIXED ASSET INVESTMENTS IGontinued) The above interest rel8tes to the dlarity's wholty ownfyj subsid1￿ corn￿ Cwby & District CatKer Care Trading Limited, a CAJmpany registered in England and Wares. whFch is principalty enga3ed in retailing of goods for charitable wrposes. The company donates am ol Fts taxable profits to the charity by Gift Aid. The aggregate of the share caMal and reserves as al 31 March 2024 and of the profit ￿ h)ss for the year ended on that date forthe subSi￿l8ry undertakirvjs *Ere as folknys.. Aggregate of share capltal and roserveB Narno ProfiV{lossl c￿ & District Cancer Care Tradmg Limited (23,2091 5,609 Investnmts at market value comprtsa: 2024 2023 Listed investments Investment- subsithary company 41,823 43,603 Ti)tal market value 41,824 43,604 All the fixed as8et irNesfmerrt8 are held in the UK 13. DEBTORS 2024 2023 Amounts owed by grcwjp undertakings Other debtors S4.715 26,330 129.868 33,255 81,045 163,123 14. CREDITORS: Amounts falling duè wlthin one yow 2024 2023 Trade creditors Soclal se¢urity and other taxation Accruals 16,931 7,175 5,510 40,061 6,298 5,379 29,616 51.738 Page 21 CORBY & DISTRICT CANCER CARE (A Company Limit￿ by Guaranloe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. PAYMENTS TO TRUSTEESIOIRECTORS AND CONNECTED PERSONS No TrusteelDirector or persorF with a famity or business connection ￿ThIh a trustee received any remuneration in the pericd, diTeGUy or indtrecty, frtjm the charilable group or an insllbJtion or company controlled by the ¢hanlable gr￿p. During the year, the payroll services were provided to the Company by CliFFord Roberts, Chartered Accountants. Mr L O'malley is a partner of Clifford Roberts and i8 a TrusteelDiiector of the Charitsble Company. No fee was chaw lor this service ￿ wther year. Durin9 the year, acrJxYrt*Gy keeping sep•1￿$ provided to the Charitsble Company by ClOck￿rIrk Sdutions. T Ostome rJ the O*vner of Clockwoth Sotutions and was appointed as TrusteelDIrect￿ of the Charrtable Company in the year. A fee of£2,20Q was eharged for this se￿e in the year. £500 was out8lanthng at 31 March 2024. Costs a￿ in¢Lrrred by the Trustees personally in perSUan4￿ of the charitaLrfe group's objectives. Th•re were no expenses reimlxtrsed to the Trustees during the perFod (2023- £nil). Page 22 CORBY & I)ISTRIGT GANCER CARE (A Company Llmited by Guarant99) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. STATEMENT OF FUNDS STATEMENT OF FUNDS . CURRENT YEAR Unrgalis¢d Balance at gainsl 31 March {Lo888s1 2024 Balance •t 1 Aprfl 2023 Income EXp￿dI￿rg Deslgnated funds Patienl chairs Bathroom Project 5,148 5,148 692 8,692 unrestrict￿ funds UnrestrFCted fvnds 804,835 340,290 1399,8941 (1,780) 743,451 Total Unrestricted funds 813,527 340,290 1399.894 (1.780 752.143 Rorytrlcted fund8 bAinlbus ospice at Home- Nurses Northants Sport$- EquIw￿nt 41,064 2,313 15,000 1.220 43,377 (15,000 11,220) 41,064 18,$33 116,220) 43,377 Total of fund8 854,591 358,823 (1,780) 7g5,S20 Page 23 CORBY & DISTRICT CANCER CARE (A C¢>mpany Llmlted by Guardntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 16. STATElaENT OF FUNDS (contlnued) STATEMENT OF FUNDS - PRIOR YEAR Unrealised Balan(* at gainsl 31 March (Losseg) 2023 Balance at 1 2022 [r￿L￿ne ExFendiknre Deglgnated funds Patient chairs Bathroom Proj 5.148 5,148 8,692 993A91 8.692 Uffestricted funds 236.626 1412,409) (12,873) 804,835 Restrlcted funds Minibus 38.795 2,269 41,064 SUMIAARY OF FUNDS . CURRENT YEAR Un¥eallsed Balance at gainsl 31 March ILossesl 2024 Balance at 1 Aprll 2023 Income Expendlture Designated funds Unrestri¢ted fvnds 8,692 804,835 340,290 8,692 743,451 1399,8941 11,7801 813,527 41.064 340,290 18,S33 (399.8941 (16,2201 11,780) 752,143 43,377 Restricted fuThJs 864.591 358,823 (416,114 (1.7801 795.520 Paoe 24 CORBY & DISTRICT CANCER CARE (A Company Llmitsd by Gu4rante&) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. STATEMENT OF FUNDS {¢ontinued) SUMMARY OF FUNDS - PRIOR YEAR Unreafised Balance at gainsl 31 March (Losses) 2023 Balan￿ at 1 April 2022 Incune Expen(liture Designated funds Llnreslricted lunds 8,692 993.491 8,692 804,835 236,626 {411409) (12￿3) 1,002,183 38,795 236,626 2,269 (4114091 (12,873) 813,527 41,064 Restricted funds 1,1140,978 238.895 1412,4)9) (12,873 854,591 Designatsd funds The management committee has dewgTFed Ihese funds for tr* folkn¥ing purposes.. Pationt Chairn These designated funds are alk)cated for the purpose of ne*V chairs for the day care attendees. Hosplcg at Home These fiJnds enable the Hospice to wovid8 an ovemwjht sen*Ke to offer cara and support for patrents with life limiting illnes¥es and their relatpie¥, in their cr•m homes. Bathroorn project These degigned funds are alk>cated for wrpose5 of the reFM)vation of the l)athTOCfft for the day care attendees. Rostricted fvnds Mlnibu8 These fiJnd$ are restricted for the replacement a￿d running oxls of the chaws vehi¢fe8, Cwfent vehicle$ become inelfective. or fal to Compty ￿l*tion arxl other regulations. Ho8plce at Homg These funds enable the Hosptee lo provide an overnight service to offer care and support for patients Wtth life limrting illnesses and Ilw retalives. In Ihw own homes fof the permxl September 2023 to Marth 2024. Northants Sports These ftJrnl$ ￿able the Hospi￿ lo provide sports eqU￿ment for the patients. Genoral fvnd These fvnds are unrestricted and for general clMrlta￿e use. The Trustee¥ would expecl lo hold s months working expenses. Page 25 CORBY & DISTRICT CANCER CARE (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. ANALYSIS OF NET ASSETS 8EfwEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Total fund8 2024 funds 2024 filr 2024 Tangible fixed assets Fixed asset investsnents Current assets credIto￿ due wtPMn one year 661,456 41,824 88.479 129,616) 651.456 41,824 131,856 (29,616} 43,3n 752,143 43,377 795.520 ANALYSIS OF NEf As$￿s BEfwEEN FUNDS - PRIOR YEAR Unrestricted RestrKled funds 2023 Total funds 2023 2023 Tangible fixed assets Fixed asset investments Current assets Creditors due With￿ one year 660.331 43,604 161,330 151.738) 660.331 43,604 202,394 151,738) 41,064 813,527 41.064 854,591 18. RECONCILIATION OF NET MOVEh1ENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for the year (as per Statement of Fina￿la1 Aiknfjtie5) 159,0711 (186,387 Adjustment for: Depreciation charges UnTealised lossllgainsj on investmerrt¥ Dividends, inlwest and rents from inveslments Decrease in debtors Decrease in Creditors 8,876 1,780 (2,640) 82,078 <22.1221 10,498 12.B73 13,0001 102,567 43,265 Net cash provided byllused In) operatlng acllvlties 8,900 {20,1841 Page 26 CORBY & DISTRICT CANCER CARE {A Company Limit8d by GuaAnts&l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. ANALYSIS OF CASH AND CA8H EQUIVALENTS 2024 2023 Cash at bank 50,811 39.271 Tolal 60,811 39,271 20. TAX STATUS The Charitable Company 1$ exempt from tax on inc<>me and gains falling *fjthin sei#ion 505 of the Taxes Act 1988 or sethon 252 of tfrE Taxation of Chargeable Gains kt 1992 to the extent that these ￿ applted to ils ¢haritsble ti￿eets. The charifable Company has rec*ived apwoval frc¥n the H Al Revern* and Customs regardin9 its tax exempl status. 21. SHARE CAPITAL The Charitable Cethpany is limited by guarantee. members are IFatAe to contribute to the a8sets in the event of wiThling ￿ to an amount not gxceediNJ £10. 22. LEA81NG CQMAIITMENTS The Charilab5e Company has a lease of land al Oakley Vsle. Co@ *ith Corty CounLII for 99 years. expiring on 28 July 2098, at a peppercom annua rent of £1. 23. CONTROLUNG RELATED PARTY The (threctors are the Ch*ilable Companys c￿tr￿fir￿j rdated party by ifjrtue of their office. RELATED PARTY TRANSACTIONS During the year. the payroll Servi￿ were provKled to the Charitable Company by Clrfford Roberts. Chartered A¢countants. Mr L O'malley was a partner of Clrffotd Robert8 aNI was a direclor of the Charitable Company. No lee was charged thi5 service in erther year. Durrng the year, accountancrf and book keeping services were provided to the Charitable Company by Clockwork Sdutions. T Osbome 18 the ¢)wn&r of Clockwork Soluti￿5 and ¥Yas appointed a5 TrusleelDireGtor of the CharIta￿e Company in year. A fee of £2.200 was charg&J for this service in the year. £500 vias outstandw at 31 March 2024. Page 27