**Registered number: 3325051 Charity number: 1062120**
## **CORBY & DISTRICT CANCER CARE**
**(A Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **CORBY & DISTRICT CANCER CARE**
## **(A Company Limited by Guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 6|
|**Independent Examiner's Report**|7 - 8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Notes to the Financial Statements**|11 - 26|
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025**
## **Trustees/directors**
R Cooper G Tait C Reilly K A Govier I C Price D A Renshaw T M Osborne T Taffs (resigned 20 November 2024)
## **Company registered number**
3325051
## **Charity registered number**
1062120
## **Registered office**
Lakelands, Butland Road, Oakley Vale, Corby, Northants, NN18 8LX
## **Secretary**
G Tait
## **Independant examiner**
MHA, Century House, The Lakes, Northampton, NN4 7HD
## **Bankers**
HSBC Bank plc, Corby, Northants, NN17 1NY
## **Solicitors**
Tollers, Exchange Court, Cottingham Road, Corby, Northants, NN17 1TY
Page 1
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025**
The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution**
Corby & District Cancer Care is a company limited by guarantee by its Memorandum and Articles of Association.
The charitable company was formed to take over the activities of a charitable trust, Corby & District Cancer Care, whose assets were transferred to the charitable company on 18 March 1997 with the consent of the Charity Commission.
## **Organisation structure**
The charitable company is managed by the board of Trustees, all of whom are directors of the company, who consider all significant expenditure and other requests at their meetings. The charity employs a Hospice Manager who handles all general administration and other matters and refers to the Board of Trustees as appropriate.
## **Trustees**
The present membership of the Board is set out below. All directors served throughout the period.
R Cooper G Tait C Reilly K A Govier I C Price D A Renshaw T M Osborne T Taffs (resigned 20 November 2024)
Trustees are invited to join the Board generally on the recommendation of existing Trustees and do not serve a minimum or maximum period as Trustees.
Page 2
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
## **Risk management**
The major risks, to which Corby & District Cancer Care is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks. The charitable company employs qualified staff who operate on written procedures. There is a health and safety policy to cover the activities of the hospice. The Trustees consider the insurance arrangements of the charity to be adequate. A fundraising team is employed to raise the future income of the charitable company.
The board are actively seeking to recruit and strengthen the number of trustees, this process is ongoing. Since the year end we have recruited six new Trustess but this process always under review.
## **Training of trustees**
There is no formal training programme for Trustees. The Trustees have a wide experience and most have many years service as Trustees.
## **Objectives and Activities**
## **Objectives**
The objectives of the charitable company (as set out in the Memorandum of Association) are the provision and maintenance of a day-care hospice for the benefit of patients and carers in Corby and the surrounding district, to promote and encourage research into the care and treatment of persons suffering from cancer, and to advance the education of the public, sufferers and relatives in matters relating to cancer.
## **STRATEGIES FOR ACHIEVING OBJECTIVES**
## **Aims**
- to provide a centre for the relief of pain and distress, whether physical, emotional, psychological, spiritual or social;
- to create a welcoming and compassionate environment for people diagnosed with a life-threatening illness, their families and carers;
- to provide holistic care to enhance quality of life, including effective symptom control and social and emotional support, enabling the person to live life as fully as possible;
- to treat each individual with dignity, respect, understanding and acceptance;
- to establish a resource centre for education and training, for professionals, families and carers and other support agencies involved in providing palliative care;
- to provide development training and support for staff and volunteers to ensure a skilled and expert team that is enthusiastic about its role;
- to work in partnership with Clinical Commissioning Groups, General Practitioners and other providers in the development of comprehensive palliative care services;
- to work with Northamptonshire Provider Services in accordance with the information sharing agreement signed by both parties;
- to monitor and evaluate our services and implement development programmes where appropriate;
- to accept referrals from District Nurses when a patient is felt to be within the last four weeks of life;
- to provide skilled nursing care to patients in their home;
- to provide consecutive care every night including weekends and bank holidays (where possible) until the patient dies or care is no longer required;
- to provide support and bereavement follow-up to families, carers and friends;
- to secure the financial resources to run and develop the service we provide;
- to ensure cost-effective use of resources.
Page 3
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
## **Public benefit**
The Trustees confirm that they have referred to the guidance in the Charity Commission's Public Benefit Guidance when reviewing the charitable company's aims and objectives and in planning future activities.
## **ACHIEVEMENTS AND PERFORMANCE**
## **GOING CONCERN**
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **REVIEW OF ACTIVITIES**
The Lakeland’s journey began in 1988 and stands as a testament to the strong will and determination of everyone who has been involved since that date.
Since COVID-19 the day care Hospice has worked too ensure that it is able to provide clinical services on an ongoing basis and in accordance with practices and standards determined by the Care Quality Commission. Additional services are also provided principally with regards to chronic obstructive pulmonary disease and heart failure programs which run regularly throughout the year.
We continue to provide a Hospice at Home service with the assistance of the district nursing team who enable us to provide care overnight to a significant number of patients who wish to remain at home at the end of their lives.
Patient numbers have increased following the return to normality following the difficulties caused by the COVID19 crisis.
Trustees and staff have now been able to focus on the financial needs of the Hospice. The aim is to continue to raise sufficient funds to enable the Hospice to continue to provide care service to patients who are suffering life limiting conditions relating to cancer. Trustee meetings continue to ensure that regular contact is kept with the Hospice management team to review and discuss the implementation of strategies in relation to the provision of services and the costs of providing those services.
The management team of Corby District Cancer care are cooperative and professional and continue to excel in providing services both at the Hospice and through Hospice at Home.
Fundraising has been a principal focus having regards to the difficulties in raising funds caused by the pandemic and in particular with regards to the inability to hold mass participation events. The fundraising team is focused on generating income through corporate, community and applications for grants and probate. This enables them to secure funding in accordance with the needs of the Hospice.
The retail premises in Corby income levels improved post pandemic and have increased gradually with the help of the management and the strength of the team throughout the trading company.
Support services such as patient activities, bereavement counselling and care support group meetings are held regularly.
Page 4
## **CORBY & DISTRICT CANCER CARE**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
The Trustees meet regularly with the management team and our present staff meetings in order to create inclusivity and to ensure that there is a shared vision between all those actively involved in the services provided by the Hospice.
## **Staff and Volunteers**
Trustees would like to thank the wonderful team of staff and volunteers who have steadfastly worked through the pandemic and who have worked above and beyond the usual expectations throughout the last year.
## **FINANCIAL REVIEW**
There was a deficit for the period before realised and unrealised revaluation losses on investments amounting to £54,119 (2024: £57,291). Unrealised revaluation gain investments for the period amounted to £367 gain (2024: £1,780 loss).
Unrestricted funds at 31 March 2025 amounted to £698,391 (2024: £752,143). Restricted funds at 31 March 2025 amounted to £43,377 (2024: £43,377).
The Trustees are monitoring the finances of the charitable company, and prepare an annual forecast which is compared to actual income and expenditure at a monthly review.
## **Investment policy**
The Trustees have considered the most appropriate policy for investing funds and have found that a 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 proportion of liquid funds to ensure that they are available to continue funding the existing requirements of the trust.
Consider that the charitable company 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 policy**
The reserves policy of the charitable company is based on having free reserves at a level sufficient to hold twelve months operating expenditure of free reserves. The definition of free reserves for these purposes excludes fixed assets so represents net current assets on all funds and on this basis there is sufficient funds at the balance sheet date 31 March 2025.
It is the policy of the Trustees not to hold specific reserves, except where funds have been raised for a particular purpose. The purpose of the unrestricted funds is to finance the provision of the hospice.
## **Grant making policy**
The policy of the Trustees is not to make grants to individuals or to other charities.
## **Volunteer time**
The Trustees and many other individuals give a significant amount of time in voluntary service to the company. This time is not reflected in the financial statements.
Page 5
## **CORBY & DISTRICT CANCER CARE**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
## **Funding**
The Trustees are satisfied that, coupled with their intention to seek additional funds, the charity's assets are available and adequate to fulfil its obligations.
## **Statement of trustees' responsibilities**
The Trustees (who are also directors of Corby & District Cancer Care for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the Trustees, on
and signed on their behalf by:
................................................ G Tait Director
Page 6
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORBY & DISTRICT CANCER CARE (the 'company')**
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2025.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state 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 to anyone other than the company and the company's Trustees as a body, for my work or for this report.
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself 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 examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 7
## **CORBY & DISTRICT CANCER CARE**
## **(A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
## **INDEPENDENT EXAMINER'S STATEMENT**
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Rebecca Hughes BSc(Hons) FCCA
## **MHA**
Chartered Accountants Century House The Lakes Northampton NN4 7HD
Page 8
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025**
|**Unrestricted**
**funds**
**Note**
**2025**
**£**
**INCOME FROM:**
Donations and legacies
2
**275,410**
Charitable activities
3
**154,446**
Investments
4
**2,791**
**TOTAL INCOME**
**432,647**
**EXPENDITURE ON:**
Raising funds
5
**5,153**
Charitable activities
6,8
**481,613**
**TOTAL EXPENDITURE**
**486,766**
**NET EXPENDITURE BEFORE INVESTMENT**
**GAINS/(LOSSES)**
**(54,119)**
Net (losses)/gains on investments
**367**
**NET EXPENDITURE BEFORE OTHER**
**RECOGNISED GAINS AND LOSSES**
**(53,752)**
**NET MOVEMENT IN FUNDS**
**(53,752)**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**752,143**
**TOTAL FUNDS CARRIED FORWARD**
**698,391**|**Restricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**43,377**
**43,377**|**Total**
**funds**
**2025**
**£**
**275,410**
**154,446**
**2,791**
**432,647**
**5,153**
**481,613**
**486,766**
**(54,119)**
**367**
**(53,752)**
**(53,752)**
**795,520**
**741,768**|Total
funds
2024
£
**290,748**
**65,047**
**3,028**
**358,823**
**13,267**
**402,847**
**416,114**
**(57,291)**
**(1,780)**
**(59,071)**
**(59,071)**
**854,591**
**795,520**|
|---|---|---|---|
The notes on pages 11 to 26 form part of these financial statements.
Page 9
## **CORBY & DISTRICT CANCER CARE (A Company Limited by Guarantee) REGISTERED NUMBER: 3325051**
## **BALANCE SHEET AS AT 31 MARCH 2025**
|**Note**
**FIXED ASSETS**
Tangible assets
11
Investments
12
**CURRENT ASSETS**
Debtors
13
Cash at bank and in hand
**CREDITORS:**amounts falling due within
one year
14
**NET CURRENT ASSETS**
**NET ASSETS**
**CHARITY FUNDS**
Restricted funds
16
Unrestricted funds
16
**TOTAL FUNDS**|**£**
**82,634**
**35,517**
**118,151**
**(58,252)**|**2025**
**£**
**651,342**
**30,527**
**681,869**
**59,899**
**741,768**
**43,377**
**698,391**
**741,768**|£
**81,045**
**50,811**
**131,856**
**(29,616)**|2024
£
**651,456**
**41,824**|
|---|---|---|---|---|
|||||**693,280**
**102,240**|
|||||**795,520**|
|||||**43,377**
**752,143**|
|||||**795,520**|
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf, by:
................................................ ................................................ D A Renshaw G Tait
The notes on pages 11 to 26 form part of these financial statements.
Page 10
**CORBY & DISTRICT CANCER CARE**
**(A Company Limited by Guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **1.1 General information**
Corby & District Cancer Care is limited by guarantee, domiciled in England and Wales, registered number 3325051 and registered charity number 1062120.
The registered office and principal place of business is Lakelands, Butland Road, Oakley Vale, Corby, Northants, NN18 8LX.
## **1.2 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Corby & District Cancer Care meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.3 Company status**
The company is a company limited by guarantee. The members of the company are the Trustees 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 member of the company.
Page 11
**CORBY & DISTRICT CANCER CARE (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES (CONTINUED)**
## **1.4 Incoming resources**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' Report for more information about their contribution.
On receipt, donated professional services 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 to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Certain types of income are shown in the Statement of Financial Activities incorporating Income and Expenditure Account net of expenditure as follows:
## **Grants receivable**
Grants are accounted for when conditions to entitlement have been met.
Page 12
**CORBY & DISTRICT CANCER CARE**
**(A Company Limited by Guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES (CONTINUED)**
## **1.5 Resources expended**
Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
## **1.6 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **1.7 Going concern**
The financial statements have been prepared on a going concern basis. The Trustees have considered relevant information, including the annual budget, and the impact of subsequent events in making their assessment.
The Trustees have not identified any further material uncertainties that may cast significant doubt about the ability of the charitable company to continue as a going concern. The charitable company's business activities, together with the factors likely together with long term contracts for all of its trading centres.
Based on these assessments and having regard to the resources available to the charitable company, the Trustees have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.
Page 13
**CORBY & DISTRICT CANCER CARE (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES (CONTINUED)**
## **1.8 Tangible fixed assets and depreciation**
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
|Leasehold Daycare Hospice|-|Period of lease - 99 years|
|---|---|---|
|Computers|-|4 years straight line|
|Minibus|-|4 years straight line|
|Equipment|-|5 years straight line|
|Solar panels|-|10 years straight line|
## **1.9 Taxation**
The company is exempt from corporation tax by virtue of its charitable status.
## **1.10 Debtors**
Trade and other debtors are recognised at the settlement 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 highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.12 Creditors and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
## **1.13 Investments**
Assets held for investment purposes are valued at market value at the balance sheet date. Net gains and losses arising on revaluation during the period are included in the statement of financial activities.
Page 14
**CORBY & DISTRICT CANCER CARE (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES (CONTINUED)**
## **1.14 Corby & District Cancer Care Trading Limited**
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 to its taxable profits for the accounting period, to Corby & District Cancer Care.
## **1.15 Government grants**
Job retention scheme grants are credited to the Statement of Financial Activities as the related expenditure is incurred.
## **1.16 Critical accounting estimates and areas of judgment**
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
## **2. INCOME FROM DONATIONS AND LEGACIES**
|**Unrestricted**
**funds**
**2025**
**£**
Individual donations
**35,319**
Group donations
**13,133**
Memorial donations and bequests
**21,527**
Legacies
**28,728**
Boxes
**8,916**
Minibus appeal
**1,874**
Gift aid
**20,507**
L Willan
**-**
Northampton Sports
**-**
Grants and Trusts
**145,406**
Total donations and legacies
**275,410**|**Restricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**funds**
**2025**
**£**
**35,319**
**13,133**
**21,527**
**28,728**
**8,916**
**1,874**
**20,507**
**-**
**-**
**145,406**
**275,410**|Total
funds
2024
£
**3,330**
**16,358**
**18,872**
**86,630**
**9,664**
**2,313**
**4,054**
**15,000**
**1,220**
**133,307**|
|---|---|---|---|
|||||
|||||
||||**290,748**|
Page 15
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|**Unrestricted**
**funds**
**£**
Fundraising
**125,888**
Kitchen money
**341**
Hospice shop sales
**4,451**
Sponsor A Nurse
**4,397**
VAT Claims
**19,369**
Total
**154,446**
**INCOME FROM CHARITABLE ACTIVITIES - PRIOR YEAR**
**Unrestricted**
**funds**
**£**
Fundraising
**45,740**
Hospice shop sales
**1,118**
Sponsor A Nurse
**5,041**
VAT claims
**10,891**
Kitchen money
**2,257**
Total
**65,047**|**Restricted**
**funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**|**2025**
**£**
**125,888**
**341**
**4,451**
**4,397**
**19,369**|
|---|---|---|
||||
||||
|||**154,446**|
|||**2024**
**£**
**45,740**
**1,118**
**5,041**
**10,891**
**2,257**|
||||
||||
|||**65,047**|
## **4. INVESTMENT INCOME**
|**Unrestricted**
**funds**
**2025**
**£**
Bank deposits
**517**
Share dividends
**2,274**
**2,791**
Total 2024
**3,028**|**Restricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**|**Total**
**funds**
**2025**
**£**
**517**
**2,274**
**2,791**
**3,028**|Total
funds
2024
£
**388**
**2,640**
**3,028**|
|---|---|---|---|
Page 16
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **5. EXPENDITURE ON RAISING FUNDS**
|**Unrestricted**
**funds**
**2025**
**£**
Fundraising and open day expenses
**3,906**
Printing and stationery
**1,247**
**5,153**
Total 2024
**13,267**|**Restricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**|**Total**
**funds**
**2025**
**£**
**3,906**
**1,247**
**5,153**
**13,267**|Total
funds
2024
£
**12,727**
**540**|
|---|---|---|---|
|||||
|||||
||||**13,267**|
|||||
**6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES**
|**Unrestricted**
**funds**
**2025**
**£**
Charitable activities
**474,803**
Total 2024
**381,272**|**Restricted**
**funds**
**2025**
**£**
**-**
**16,220**|**Total**
**funds**
**2025**
**£**
**474,803**
**397,492**|Total
funds
2024
£
**397,492**|
|---|---|---|---|
|||||
## **7. EXPENDITURE ON CHARITABLE ACTIVITIES**
|**Unrestricted**
**funds**
**£**
Employment costs
**291,483**
Premises from Lakeland Day Centre
**108,866**
Consumables
**27,431**
Management and administration
**47,023**
**474,803**
Total 2024
**397,492**|**Total**
**2025**
**£**
**291,483**
**108,866**
**27,431**
**47,023**
**474,803**|
|---|---|
||**397,492**|
Page 17
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **8. ANALYSIS OF GOVERNANCE COSTS**
||**Unrestricted**|**Restricted**|**Total**|Total|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|funds|
||**2025**|**2025**|**2025**|2024|
||**£**|**£**|**£**|£|
|Governance costs|**6,810**|**-**|**6,810**|**5,355**|
## **9. STAFF COSTS**
The average number of persons employed by the company during the year was as follows:
|Hospice
Other
Fundraising|**2025**
**No.**
**8**
**2**
**3**
**13**|2024
No.
**9**
**3**
**2**
**14**|
|---|---|---|
No employee received remuneration amounting to more than £60,000 in either year.
## **10. NET INCOME/(EXPENDITURE)**
This is stated after charging:
||**2025**|2024|
|---|---|---|
||**£**|£|
|Depreciation of tangible fixed assets:|||
|- owned by the charity|**9,118**|**8,875**|
Page 18
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **11. TANGIBLE FIXED ASSETS**
|**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024|**Leasehold**
**Daycare**
**Hospice**
**£**
**836,787**
**-**
**836,787**
**186,621**
**8,457**
**195,078**
**641,709**
**650,166**|**Computers**
**£**
**21,532**
**310**
**21,842**
**20,242**
**480**
**20,722**
**1,120**
**1,290**|**Minibus**
**£**
**79,282**
**8,694**
**87,976**
**79,282**
**181**
**79,463**
**8,513**
**-**|**Equipment**
**£**
**70,331**
**-**
**70,331**
**70,331**
**-**
**70,331**
**-**
**-**|**Solar**
**panels**
**£**
**18,366**
**-**
**18,366**
**18,366**
**-**
**18,366**
**-**
**-**|**Total**
**£**
**1,026,298**
**9,004**|
|---|---|---|---|---|---|---|
|||||||**1,035,302**|
|||||||**374,842**
**9,118**|
|||||||**383,960**|
|||||||**651,342**|
|||||||**651,456**|
## **12. FIXED ASSET INVESTMENTS**
|**Listed**
**investments**
**£**
**Market value**
At 1 April 2024
**41,823**
Disposals
**(12,778)**
Change in market value of investments
**1,481**
At 31 March 2025
**30,526**
**Subsidiary undertakings**
The following were subsidiary undertakings of the company:
**Name**
**Holding**
Corby & District Cancer Care Trading Limited
100%|**Unlisted**
**securities**
**£**
**1**
**-**
**-**
**1**|**Total**
**£**
**41,824**
**(12,778)**
**1,481**
**30,527**|
|---|---|---|
Page 19
**CORBY & DISTRICT CANCER CARE**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **12. FIXED ASSET INVESTMENTS (continued)**
The above interest relates to the charity's wholly owned subsidiary company Corby & District Cancer Care Trading Limited, a company registered in England and Wales, which is principally engaged in retailing of goods for charitable purposes.
The company donates all of its taxable profits to the charity by Gift Aid.
The aggregate of the share capital and reserves as at 31 March 2025 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
|**Name**
Corby & District Cancer Care Trading Limited
**Investments at market value comprise:**
Listed investments
Investment - subsidiary company
Total market value
All the fixed asset investments are held in the UK
**13.**
**DEBTORS**
Amounts owed by group undertakings
Other debtors|**Aggregate of**
**share capital**
**and reserves**
**£**
**(19,112)**
**2025**
**£**
**30,526**
**1**
**30,527**
**2025**
**£**
**59,850**
**22,784**
**82,634**|||**Profit/(loss)**
**£**
**4,098**|
|---|---|---|---|---|
|||||2024
£
**41,823**
**1**|
|||||**41,824**|
|||||2024
£
**54,715**
**26,330**|
|||||**81,045**|
Page 20
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **14. CREDITORS: Amounts falling due within one year**
|**CREDITORS: Amounts falling due within one year**|||
|---|---|---|
|Trade creditors
Social security and other taxation
Other creditors
Accruals|**2025**
**£**
**14,712**
**3,458**
**34,998**
**5,084**
**58,252**|2024
£
**16,931**
**7,175**
**-**
**5,510**|
|||**29,616**|
## **15. PAYMENTS TO TRUSTEES/DIRECTORS AND CONNECTED PERSONS**
No Trustee/Director or person with a family or business connection with a trustee received any remuneration in the period, directly or indirectly, from the charitable group or an institution or company controlled by the charitable group.
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 is a Trustee/Director of the Charitable Company. No fee was charged for this service in either year.
During the year, accountancy and book keeping services were provided to the Charitable Company by Clockwork Solutions. T Osborne is the owner of Clockwork Solutions and was appointed as a Trustee/Director of the Charitable Company in the year. A fee of £3,037 was charged for this service in the year. £437 was outstanding at 31 March 2025.
Costs are incurred by the Trustees personally in persuance of the charitable group's objectives. There were no expenses reimbursed to the Trustees during the period (2024 - £nil).
Page 21
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **16. STATEMENT OF FUNDS**
## **STATEMENT OF FUNDS - CURRENT YEAR**
|**STATEMENT OF FUNDS - CURRENT YEAR**||||
|---|---|---|---|
|**Balance at**
**1 April 2024**
**£**
**Designated funds**
Patient chairs
**5,148**
Bathroom Project
**3,544**
**8,692**
**Unrestricted funds**
Unrestricted funds
**743,451**
Total Unrestricted funds
**752,143**
**Restricted funds**
Minibus
**43,377**
Total of funds
**795,520**|**Income Expenditure**
**£**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**432,647**
**(486,766)**
**432,647**
**(486,766)**
**-**
**-**
**432,647**
**(486,766)**|**Unrealised**
**gains/**
**(Losses)**
**£**
**-**
**-**
**-**
**367**
**367**
**-**
**367**|**Balance at**
**31 March**
**2025**
**£**
**5,148**
**3,544**
**8,692**|
||||**689,699**|
||||**698,391**|
||||**43,377**|
||||**741,768**|
Page 22
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **16. STATEMENT OF FUNDS (continued)**
## **STATEMENT OF FUNDS - PRIOR YEAR**
|**STATEMENT OF FUNDS - PRIOR YEAR**||||||
|---|---|---|---|---|---|
|
**Designated funds**
Patient chairs
Bathroom Project
Unrestricted funds
**Restricted funds**
Minibus
Hospice at Home - Nurses
Northants Sports - Equipment
Total of funds|Balance at
1 April 2023
£
**5,148**
**3,544**
**8,692**
**804,835**
**41,064**
**-**
**-**
**41,064**
**854,591**|Income
£
**-**
**-**
**-**
**340,290**
**2,313**
**15,000**
**1,220**
**18,533**
**358,823**|Expenditure
£
**-**
**-**
**-**
**(399,894)**
**-**
**(15,000)**
**(1,220)**
**(16,220)**
**(416,114)**|Unrealised
gains/
(Losses)
£
**-**
**-**
**-**
**(1,780)**
**-**
**-**
**-**
**-**
**(1,780)**|Balance at
31 March
2024
£
**5,148**
**3,544**|
|||||||
|||||||
||||||**8,692**|
||||||**743,451**|
||||||**43,377**
**-**
**-**|
|||||||
|||||||
||||||**43,377**|
||||||**795,520**|
## **SUMMARY OF FUNDS - CURRENT YEAR**
|**Balance at**
**1 April 2024**
**£**
Designated funds
**8,692**
Unrestricted funds
**743,451**
**752,143**
Restricted funds
**43,377**
**795,520**|**Income Expenditure**
**£**
**£**
**-**
**-**
**432,647**
**(486,766)**
**432,647**
**(486,766)**
**-**
**-**
**432,647**
**(486,766)**|**Unrealised**
**gains/**
**(Losses)**
**£**
**-**
**367**
**367**
**-**
**367**|**Balance at**
**31 March**
**2025**
**£**
**8,692**
**689,699**|
|---|---|---|---|
|||||
|||||
||||**698,391**
**43,377**|
|||||
|||||
||||**741,768**|
Page 23
**CORBY & DISTRICT CANCER CARE (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **16. STATEMENT OF FUNDS (continued)**
## **SUMMARY OF FUNDS - PRIOR YEAR**
|Balance at
1 April 2023
£
Designated funds
**8,692**
Unrestricted funds
**804,835**
**813,527**
Restricted funds
**41,064**
**854,591**|Income
Expenditure
£
£
**-**
**-**
**340,290**
**(399,894)**
**340,290**
**(399,894)**
**18,533**
**(16,220)**
**358,823**
**(416,114)**|Unrealised
gains/
(Losses)
£
**-**
**(1,780)**
**(1,780)**
**-**
**(1,780)**|Balance at
31 March
2024
£
**8,692**
**743,451**|
|---|---|---|---|
|||||
|||||
||||**752,143**
**43,377**|
|||||
|||||
||||**795,520**|
## **Designated funds**
The management committee has designed these funds for the following purposes:
## **Patient Chairs**
These designated funds are allocated for the purpose of new chairs for the day care attendees.
## **Hospice at Home**
These funds enable the Hospice to provide an overnight service to offer care and support for patients with life limiting illnesses and their relatives, in their own homes.
## **Bathroom project**
These designed funds are allocated for the purposes of the renovation of the bathroom for the day care attendees.
## **Restricted funds**
## **Minibus**
These funds are restricted for the replacement and running costs of the charity's vehicles, when current vehicles become ineffective, or fail to comply with legislation and other regulations.
## **Hospice at Home**
These funds enable the Hospice to provide an overnight service to offer care and support for patients with life limiting illnesses and their relatives, in their own homes for the period September 2023 to March 2025.
## **Northants Sports**
These funds enable the Hospice to provide sports equipment for the patients.
## **General fund**
These funds are unrestricted and for general charitable use. The Trustees would expect to hold six months working expenses.
Page 24
**CORBY & DISTRICT CANCER CARE (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR**
|**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
**607,624**
Fixed asset investments
**30,527**
Current assets
**118,151**
Creditors due within one year
**(58,254)**
Difference
**343**
**698,391**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR**
Unrestricted
funds
2024
£
Tangible fixed assets
**651,456**
Fixed asset investments
**41,824**
Current assets
**88,479**
Creditors due within one year
**(29,616)**
**752,143**||**Restricted**
**funds**
**2025**
**£**
**43,718**
**-**
**-**
**-**
**(341)**
**43,377**
Restricted
funds
2024
£
**-**
**-**
**43,377**
**-**
**43,377**|**Total**
**funds**
**2025**
**£**
**651,342**
**30,527**
**118,151**
**(58,254)**
**2**
**741,768**
Total
funds
2024
£
**651,456**
**41,824**
**131,856**
**(29,616)**
**795,520**|
|---|---|---|---|
|||||
## **18. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|Net expenditure for the year (as per Statement of Financial Activities)
**Adjustment for:**
Depreciation charges
Unrealised loss/(gains) on investments
Dividends, interest and rents from investments
Loss on disposal of investments
Increase in debtors
Increase in creditors
**Net cash (used in)/provided by operating activities**|**2025**
**£**
**(53,752)**
**9,118**
**(1,481)**
**(2,274)**
**1,114**
**(1,589)**
**28,636**
**(20,228)**|2024
£
**(59,071)**
**8,875**
**1,780**
**(2,640)**
**-**
**82,078**
**(22,122)**|
|---|---|---|
|||**8,900**|
Page 25
**(A Company Limited by Guarantee)**
## **CORBY & DISTRICT CANCER CARE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **19. ANALYSIS OF CASH AND CASH EQUIVALENTS**
|Cash at bank
Total|**2025**
**£**
**35,517**
**35,517**|2024
£
**50,811**|
|---|---|---|
|||**50,811**|
## **20. TAX STATUS**
The Charitable Company is exempt from tax on income and gains falling within 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 to its charitable objects.
The charitable Company has received approval from the H M Revenue and Customs regarding its tax exempt status.
## **21. SHARE CAPITAL**
The Charitable Company is limited by guarantee. The members are liable to contribute to the assets in the event of winding up to an amount not exceeding £10.
## **22. LEASING COMMITMENTS**
The Charitable Company has a lease of land at Oakley Vale, Corby with Corby Borough Council for 99 years, expiring on 28 July 2098, at a peppercorn annual rent of £1.
## **23. CONTROLLING RELATED PARTY**
The directors are the Charitable Company's controlling related party by virtue of their office.
## **24. RELATED PARTY TRANSACTIONS**
During the year, the payroll services were provided to the Charitable Company by Clifford Roberts, Chartered Accountants. Mr L O’Malley was a partner of Clifford Roberts and was a director of the Charitable Company. No fee was charged for this service in either year.
During the year, accountancy and book keeping services were provided to the Charitable Company by Clockwork Solutions. T Osborne is the owner of Clockwork Solutions and is a Trustee/Director of the Charitable Company. A fee of £3,037 was charged for this service in the year. £437 was outstanding at 31 March 2025.
Page 26