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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03334552 (England and Wales) REGISTERED CHARITY NUMBER: 1062236

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR LADY MCADDEN'S BREAST SCREENING TRUST

Goldwyns Limited Chartered Accountants Rutland House 90-92 Baxter Avenue Southend on Sea Essex SS2 6HZ

LADY MCADDEN'S BREAST SCREENING TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 20
Detailed Statement of Financial Activities 21 to 22

LADY MCADDEN'S BREAST SCREENING TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives

The objectives of the charity are to preserve and promote the good health of the female population through advice, education and awareness.

Significant activities

2020/21 has been without parallel in the life of the charity, as due to the Coronavirus and Government social distancing measures all face to face services had to cease from 23 March 2020 and the shop at Tilbury close for a large part of the year.

This had a devastating effect on the finances with little or no income being generated for a large percentage of the year. To ensure the charity's survival the trustees took the difficult decision to make a total of eight shop and office staff redundant and to furlough the Tilbury shop staff under the Government scheme. To further mitigate the financial effects of the pandemic various Government and National lottery grants were obtained which has bought much needed resilience.

Until this year women from the age of 40 upwards were offered mammography screening, the trustees had to consider due to ageing scanning equipment, the cost of delivery, the year on year reduction in the number of ladies using the service and the additional financial strain caused by the pandemic whether Lady McAdden could continue to offer this service. Regrettably the decision was taken to cease directly offering mammography and if possible, find a third-party supplier who we could work with, as a result the scanning equipment has now been sold. We are actively seeking a suitable partner to recommend to our ladies but due to lack of scanning capacity this is proving difficult.

During the pandemic our nurses initially provided remote breast awareness appointments to women and girls under the age of 18 with parent or guardian permission and since April 2021 face to face appointments have been reinstated at the unit.

Thanks to several volunteers the task of rationalising the medical records has begun and will continue for some time.

During the pandemic the operations director and engagement officer have run the charity successfully fundraising, developing the new website and CRM system, and where possible re-opening the shop on a limited trading week with the shop manager and volunteers staffing those days.

Public benefit

Trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Page 1

LADY MCADDEN'S BREAST SCREENING TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The unit's screening, symptomatic and well-woman services continued to be in demand until March 2021. The charity has been proud of its ability to deliver mammography screening since 1979 however, due to financial and practical constraints it has been decided in the future Lady McAdden will no longer offer mammography directly to women and is actively looking for a partner organisation to work with to do so, especially to those women outside of the national screening programme.

Lady McAdden will focus on providing breast awareness and education services to all women. We are in a unique position in that we are the only organisation in the UK where women can directly refer themselves for one to one, breast awareness session with a specialist nurse. This service has been able to continue, mainly online during the pandemic, with younger women in particular using it.

The well-woman screening activities were made available remotely from 1 September 2020.

The following indicates the unit's activities during the financial year:

Prior to National Lottery funding (during lockdown) - Women assisted by telephone: 178
Women remotely assisted with breast awareness and advice via the National Lottery funding: 538
Total women assisted: 716

Key performance indicators:

The KPI's used by the charity is feedback from our patients, comment cards are available to all and are reviewed regularly and reported to trustees.

Volunteers

As always, the support of volunteers continues to be invaluable.

The staff at our charity shop, in Tilbury have had to be furloughed from March 2020 due to the temporary closure prior to this date. They continue to offer commitment and dedication to the charity.

Due to the current trading conditions and the ending of the lease at Leigh, the trustees took the decision to close the shop which resulted in the shop staff at Leigh being made redundant.

In addition to unit donations, the charity works hard to maintain existing on-going support and to develop new contacts to help and assist fundraising efforts.

The factors relevant to the achievement of the charity's objectives are primarily the effective and professional operation of all the services and, as a consequence, the good reputation that it enjoys within the community and wider field. These achievements are only made possible by the continued efforts of the trustees, staff and the charity's supporters to promote the facilities within the community and beyond. Recently this has become vital due to the dramatic turn of events, that has seen the disruption of services, income and the ability to continue as before. It has resulted in trustees having to take the difficult action of making staff redundant in order to slim down the organisation and all its activities for the foreseeable future.

FINANCIAL REVIEW

Principal funding sources

At the beginning of the year the charity benefited from a number of different funding sources which are set out in the attached Statement of Financial Activities and related notes. Donations made to the unit for breast screening activities accounted for 2% (33% - 2020) of the incoming resources of the charity (excluding legacies) during the year. The charity received a grant for the development and delivery of the remote breast awareness service. However, it is anticipated by the trustees that they will need to look to other forms of funding due to Coronavirus and these are being actively explored.

Page 2

LADY MCADDEN'S BREAST SCREENING TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

Investment policy and objectives

Under the Memorandum and Articles of Association, the trustees have discretion to make investments on behalf of the charity that they consider to be appropriate.

The trustees have regard to the liquidity requirements of operating the unit and to the reserves policy in formulating the charity's investment policy, and are investing available funds in interest bearing deposit accounts offering, at the moment, extremely limited benefits.

Reserves policy

The trustees have established a policy whereby unrestricted funds not committed or invested in tangible fixed assets (the "free reserves") held by the charity should be between six months and two years of the resources expended. At this level the trustees are of the opinion that they would be able to continue the current activities of the charity in the event of a significant reduction in funding until replacement funding could be obtained or, if this is not sustainable, to enable the trustees to manage the requisite changes in the service provided.

At 31 March 2021, the free reserves amounted to £218,108 which is in excess of six months total resources expended in the year to 31 March 2021 and is thus considered to be adequate. The reserves have been significantly reduced as a result of the purchase of the new building at £375,000 and the effects of Coronavirus. The trustees are satisfied that due to swift action in significantly reducing expenditure the year end reserves are still at a level consistent with the reserves policy which is to have sufficient resources to fund six months of ongoing activities and services.

FUTURE DEVELOPMENTS

The trustees are addressing the future strategy of the charity and will continue to review all aspects of administration and fiscal welfare in order to ensure the continued success and viability of the charity given the future financial commitments we have over the next five years.

Building purchase

The trustees have been aware and actively planning for the fact that in two years' time the charity will need to be relocated as the lease on the existing unit building ends. During the 2018 financial year we purchased new premises to relocate to at the end of the lease. It will also enable us to provide other services as identified as part of the charity's business plan, which are currently not permitted under our current lease. These will be launched as soon as is viable. The new premises are currently being used to store stock for the Tilbury and online shops. The trustees continue to consider the requirements of the trust in regard to premises to make sure the services are offered in the most effective way.

Fundraising focus

Due to the Coronavirus pandemic and subsequent lockdown / restrictions fundraising efforts have been focussed on making sure the trust remains financially viable during this uncertain time and that we are able to successfully relaunch our range of services that will have been redesigned to meet current needs

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Lady McAdden's Appeal Fund, also known locally as BUST, is registered as a charity with the Charity Commission and is governed by its Deed of Trust. It is also constituted as a company limited by guarantee, as defined by the Companies Act 2006, and is therefore also governed by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

As set out in the Articles of Association, no person shall be appointed a trustee of the charity unless the application for appointment is approved by the existing trustees. The trustees shall consist of not less than three but not more than ten persons. As at March 2021 there are seven members, therefore there were three vacancies on the Board. In the year of 2020/21, there was one resignation - D Norman. A trustee serves for a period of four years, after which time the trustee may apply for renewal of appointment.

During recruitment of trustees a skills review is completed to ensure a representative skill base is achieved, as far as possible, and that potential trustees are aware of the charity's objectives and legal requirements.

Page 3

LADY MCADDEN'S BREAST SCREENING TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

In recognition of some of the changes required to provide a sustainable and fit for purpose organisation, the trustees appointed an Operations Director (L Storey) in February 2019 to oversee the whole organisation. The long serving Nurse - L Skinner retired in early April 2020 and W Sullivan, Unit manager and CQC manager, resigned, also in April 2020. The Trust recruited two new part time nurses to enable the Trust to continue to provide breast awareness sessions

However, with onset of the Coronavirus pandemic and the subsequent furloughing of all staff with the exception of the Operations Director (who has reduced their hours / salary to assist cashflow) enabling basic operations to continue. Due to this disruption of services, income and ability to continue as before, further restructuring during 2020/21 has been essential and the trustees have had to take the difficult action of making staff redundant in order to slim down the organisation and all its activities for the foreseeable future.

This new structure now incudes the Operations Director and Tilbury Shop staff and two part time nurses, until either the services and income generation can resumed on a significant level or funding secured. The CQC have been involved in this process and services postponed in accordance to their guidance.

Wider network

The charity is not part of a wider network of charities nor a member of any umbrella group. There has been much work done to develop contact with GPs, local hospitals and Centres of Excellence. The charity is always receptive to joint working partnerships within health related fields. It is also proud of the connections established with local businesses, community groups and retail sector.

Related parties

The charity has no subsidiaries or related parties, other than the trustees and does not pursue its charitable objects in co-operation or partnership with any other organisation.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Indemnity insurance policies are in place covering third party risks, trustees' and officers' indemnity and infidelity, medical malpractice, and with specific insurance to cover the charity's fundraising events, including shops.

Continuous reviews are undertaken of the systems and practices which are designed to minimise any potential risks, including those relating to the authorisation of transactions and projects by appropriate individuals and the timely and comprehensive recording of all income and other financial transactions.

The trustees are responsible for the charity's general strategy and policy matters. The business managers, who have designated authority to commit sums of up to £500 provided they are within the charity's objectives, are responsible for the day to day running of the unit and the finance manager is responsible for the charity's financial matters. They report to the trustees, who meet regularly to ensure the satisfactory management of the charity's affairs.

Page 4

LADY MCADDEN'S BREAST SCREENING TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Directors and trustees

The directors of the company are also its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The trustees who served during the year are as listed below. Other than noted under related parties, none of the board of trustees has any beneficial interest in any contract to which the charity was party during the year.

Members' funds

In the event that the charity should be wound up or dissolved and surplus funds remain after all its debts have been satisfied, then the surplus shall be given or transferred to some other charity (or charities) having similar objectives and shall not be paid or distributed to the members of the charity.

The liability of the members is limited and every member of the company undertakes to contribute such amounts as may be required (not exceeding £10) to the charity's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member.

The board of trustees administers the charity. The board meets regularly and business managers are appointed by the trustees to manage the day to day operations of the charity.

To facilitate effective operations, the business managers have delegated authority, within terms of delegation approved by the trustees, for operational matters including employment and the operation of the breast screening unit and shops.

Remuneration of key management personnel

The remuneration of management personnel is at the discretion of the trustees and is now considered taking into account the charity's finances and inflation.

Registration

The Trust is registered with the Care Quality Commission and was last visited in January 2019. W Sullivan was registered as manager with the CQC. However, with her resignation and suspension of services due to Coronavirus, the CQC status has been updated to reflect the absence of the manager.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03334552 (England and Wales)

Registered Charity number

1062236

Registered office

1st Floor Hillborough Road Westcliff-on-Sea Essex SS0 0SG

Trustees

Mrs L Young (resigned 14/10/2021) K A Johnson (resigned 14/8/2021) D Norman (resigned 4/6/2020) Mrs J Jones Mrs L Marston A Kirkman Ms K A Holland J Whiddon

Page 5

LADY MCADDEN'S BREAST SCREENING TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Goldwyns Limited Chartered Accountants Rutland House 90-92 Baxter Avenue Southend on Sea Essex SS2 6HZ

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Lloyds Bank plc 25 Gresham Street London EC2V 7HN Barclays Bank plc 1 Churchill Place London E14 5HP Virgin Money plc Jubilee House Gosforth Newcastle upon Tyne NE3 4PL

Scottish Widows Bank plc 67 Morrison Street Edinburgh EH3 8YJ

Other matters

The trustees are grateful for the continued generous support of all of its benefactors and of donations from the general public, which are essential for the charity's continued survival. Special mention must be made of the trustees' gratitude to all members of staff and volunteers. Without their support and hard work, the charity could not function so successfully or remain at the forefront of breast cancer detection and health education within the community.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Lady McAdden's Breast Screening Trust for the purposes of company law) are responsible for preparing the Report of the Trustees 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 which 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 those financial statements, the trustees are required to

Page 6

LADY MCADDEN'S BREAST SCREENING TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 25 November 2021 and signed on its behalf by:

A Kirkman - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LADY MCADDEN'S BREAST SCREENING TRUST

Independent examiner's report to the trustees of Lady McAdden's Breast Screening Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also 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 your charity's accounts as 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.

Independent examiner's statement

I have completed my examination. I 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.

S T Blundell ACA ICAEW Goldwyns Limited Chartered Accountants Rutland House 90-92 Baxter Avenue Southend on Sea Essex SS2 6HZ

14 December 2021

Page 8

LADY MCADDEN'S BREAST SCREENING TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
49,741
Charitable activities
Well-woman screening activities
5,300
Fundraising activities
3
34,140
Investment income
4
33,748
Other income
5
62,533
Total
185,462
EXPENDITURE ON
Raising funds
6
79,803
Charitable activities
7
Well-woman screening activities
103,231
Total
183,034
NET INCOME/(EXPENDITURE)
2,428
Transfers between funds
17
(500)
Net movement in funds
1,928
RECONCILIATION OF FUNDS
Total funds brought forward
567,693
TOTAL FUNDS CARRIED FORWARD
569,621		 Restricted
funds
£
53,704
-
-
-
1,817
55,521
-
61,142
61,142
(5,621)
500
(5,121)
31,391
26,270		 2021
Total
funds
£
103,445
5,300
34,140
33,748
64,350
240,983
79,803
164,373
244,176
(3,193)
-
(3,193)
599,084
595,891		 2020
Total
funds
£
26,382
163,806
247,600
35,698
29,430
502,916
134,879
391,191
526,070
(23,154)
-
(23,154)
622,238
599,084

The notes form part of these financial statements

Page 9

LADY MCADDEN'S BREAST SCREENING TRUST

BALANCE SHEET 31 MARCH 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
12
351,513
CURRENT ASSETS
Stocks
13
-
Debtors
14
43,352
Cash at bank and in hand
188,883
232,235
CREDITORS
Amounts falling due within one year
15
(14,127)
NET CURRENT ASSETS
218,108
TOTAL ASSETS LESS CURRENT
LIABILITIES
569,621
NET ASSETS
569,621
FUNDS
17
Unrestricted funds:
General fund
Restricted funds:
Building (contingency) fund
Osteoporosis
The National Lottery
TOTAL FUNDS		 Restricted
funds
£
24,631
-
1,639
-
1,639
-
1,639
26,270
26,270		 2021
Total
funds
£
376,144
-
44,991
188,883
233,874
(14,127)
219,747
595,891
595,891
569,621
24,092
-
2,178
26,270
595,891		 2020
Total
funds
£
399,114
185
98,154
125,264
223,603
(23,633)
199,970
599,084
599,084
567,693
30,976
415
-
31,391
599,084

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 10

LADY MCADDEN'S BREAST SCREENING TRUST

BALANCE SHEET - continued 31 MARCH 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 November 2021 and were signed on its behalf by:

A Kirkman - Trustee

The notes form part of these financial statements

Page 11

LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity is limited by guarantee and is incorporated in the UK.

The place of business is at the registered office which can be located on page 5 of the trustees report.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Raising funds

Costs of activities for generating funds are the direct and support costs incurred in the charity's shop and fund raising events.

Charitable activities

Charitable activities include direct and support costs associated with breast screening.

Governance costs

Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life:

Land and buildings Straight line either over remaining period of lease or 30 years Fixtures and other equipment 25% per annum reducing balance Medical equipment 25% per annum reducing balance Mammography equipment 6 years straight line

Tangible fixed assets are capitalised at cost where their acquisition value is greater than £500.

Taxation

HM Revenue and Customs have confirmed that the charity is exempt from Income and Corporation Taxes on its investment and trading income because of its charitable status and therefore no provision for taxation has been made in the financial statements.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Page 12

LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Volunteers and donated services and facilities

The value of donated goods and services is incorporated into these Financial Statements so far as it can be reasonably quantified. Further details of the donated goods and services can be found in the trustees' annual report and in the notes to the financial statements. Goods donated to the charity shop are shown as income of the charity in the period in which they are sold as permitted by FRS 102 due to their high volume low value nature.

Assets leased to third parties

Rental income received in respect of assets leased to third parties under operating leases is credited to income when receivable.

2. DONATIONS AND LEGACIES

Donations
Legacies
Grants
In memory
Collections
Grants received, included in the above, are as follows:		 2021
£
7,160
1,000
92,829
2,456
-
103,445		 2020
£
13,612
5,100
6,150
1,011
509
26,382
2021 2020
£ £
The National Lottery 85,347 -
Other grants 7,482 6,150
92,829 6,150

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LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3.
FUNDRAISING ACTIVITIES
Fundraising events
Tilbury charity shop income
Elm Road charity shop income
eBay income
4.
INVESTMENT INCOME
Rent and service charges receivable
Deposit account interest
5.
OTHER INCOME
Government support
6.
RAISING FUNDS
Fundraising activities
Staff costs
Fundraising event costs
Elm Road charity shop wages and expenses
Tilbury charity shop wages and expenses
eBay expenses
Investment management costs
Rent collection
Property repairs
Aggregate amounts		 2021
£
18,340
14,194
1,378
228
34,140
2021
£
33,554
194
33,748
2021
£
64,350
2021
£
4,156
2,554
17,129
55,731
233
79,803
2021
£
-
-
-
79,803		 2020
£
65,325
114,153
62,514
5,608		 2020
£
65,325
114,153
62,514
5,608		 2020
£
65,325
114,153
62,514
5,608
247,600
2020
£
35,409
289
35,698
2020
£
29,430
2020
£
10,897
7,540
44,750
66,068
4,877
134,132
2020
£
262
485
747
134,879		 2020
£
262
485
747

Page 14

LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

7. CHARITABLE ACTIVITIES COSTS

8.

CHARITABLE ACTIVITIES COSTS
Well-woman screening activities
NET INCOME/(EXPENDITURE)		 Direct
Costs
£
26,450		 Support
costs
£
137,923		 Totals
£
164,373

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 23,689 25,149
Hire of plant and machinery 918 678
Examiners' fees - independent examination 3,450 5,400
Examiners' fees - other services 1,272 1,992

During the year ended 31 March 2020 an audit was conducted by the current independent examiners. The comparative figures therefore represent auditors' remuneration.

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

10. STAFF COSTS

2021 2020
£ £
Wages and salaries 130,002 250,451
Social security costs 3,291 14,036
Other pension costs 1,087 3,730
134,380 268,217
Included in wages and salaries is £9,458 relating to redundancy payments.
The average number of employees during the year was as follows: 2021 2020
Nursing 2 2
Administration and clerical 1 1
Reception 2 5
Radiography - 1
Fundraising 1 2
Shops 5 6
11 17

No employees received emoluments in excess of £60,000.

During the year, the total remuneration paid to key management personnel was £49,935 (2020 - £105,742)

Page 15

LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
26,382
Charitable activities
Well-woman screening activities
163,806
Fundraising activities
247,600
Investment income
35,698
Other income
29,430
Total
502,916
EXPENDITURE ON
Raising funds
134,879
Charitable activities
Well-woman screening activities
380,720
Total
515,599
NET INCOME/(EXPENDITURE)
(12,683)
RECONCILIATION OF FUNDS
Total funds brought forward
580,376
TOTAL FUNDS CARRIED FORWARD
567,693
12.
TANGIBLE FIXED ASSETS
Fixtures
Land and
and
buildings
fittings
£
£
COST
At 1 April 2020
662,615
38,796
Additions
-
719
At 31 March 2021
662,615
39,515
DEPRECIATION
At 1 April 2020
269,900
34,146
Charge for year
20,596
1,344
At 31 March 2021
290,496
35,490
NET BOOK VALUE
At 31 March 2021
372,119
4,025
At 31 March 2020
392,715
4,650		 Restricted
funds
£
-
-
-
-
-
-
-
10,471
10,471
(10,471)
41,862
31,391
Medical
equipment
£
243,528
-
243,528
241,779
1,749
243,528
-
1,749		 Total
funds
£
26,382
163,806
247,600
35,698
29,430
502,916
134,879
391,191
526,070
(23,154)
622,238
599,084
Totals
£
944,939
719
945,658
545,825
23,689
569,514
376,144
399,114

Page 16

LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. STOCKS

Stocks
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Income tax recoverable
Prepayments and accrued income
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses		 2021
£
-
2021
£
38,924
-
6,067
44,991
2021
£
7,830
388
378
5,531
14,127		 2020
£
185
2020
£
34,459
20,981
42,714		 2020
£
185
98,154
2020
£
11,083
3,632
1,619
7,299
23,633

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Building (contingency) fund
Osteoporosis
The National Lottery
FSJ Trust
Simulator
Southend Coronavirus
TOTAL FUNDS		 At 1/4/20
£
567,693
30,976
415
-
-
-
-
31,391
599,084		 Net
movement
in funds
£
2,428
(6,884)
(415)
2,178
(285)
(209)
(6)
(5,621)
(3,193)		 2021
£
10,639
23,841
34,480
Transfers
between
funds
£
(500)
-
-
-
285
209
6
500
-		 2020
£
14,389
34,480
48,869
At
31/3/21
£
569,621
24,092
-
2,178
-
-
-		 2020
£
14,389
34,480
48,869
26,270
595,891

17. MOVEMENT IN FUNDS

Page 17

LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building (contingency) fund
Osteoporosis
The National Lottery
FSJ Trust
Simulator
Southend Coronavirus
Pink Ribbon
TOTAL FUNDS		 Incoming
resources
£
185,462
-
-
47,260
2,000
444
1,817
4,000
55,521
240,983		 Resources
Movement
expended
in funds
£
£
(183,034)
2,428
(6,884)
(6,884)
(415)
(415)
(45,082)
2,178
(2,285)
(285)
(653)
(209)
(1,823)
(6)
(4,000)
-
(61,142)
(5,621)
(244,176)
(3,193)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Building (contingency) fund
Osteoporosis
Nationwide - Elmsleigh Drive
TOTAL FUNDS		 At 1/4/19
£
580,376
37,860
832
3,170
41,862
622,238		 Net
movement
in funds
£
(12,683)
(6,884)
(417)
(3,170)
(10,471)
(23,154)		 At
31/3/20
£
567,693
30,976
415
-
31,391
599,084

Page 18

LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building (contingency) fund
Osteoporosis
Nationwide - Elmsleigh Drive
TOTAL FUNDS		 Incoming
resources
£
502,916
-
-
-
-
502,916		 Resources
Movement
expended
in funds
£
£
(515,599)
(12,683)
(6,884)
(6,884)
(417)
(417)
(3,170)
(3,170)
(10,471)
(10,471)
(526,070)
(23,154)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Building (contingency) fund
Osteoporosis
Nationwide - Elmsleigh Drive
The National Lottery
FSJ Trust
Simulator
Southend Coronavirus
TOTAL FUNDS		 At 1/4/19
£
580,376
37,860
832
3,170
-
-
-
-
41,862
622,238		 Net
movement
in funds
£
(10,255)
(13,768)
(832)
(3,170)
2,178
(285)
(209)
(6)
(16,092)
(26,347)		 Transfers
between
funds
£
(500)
-
-
-
-
285
209
6
500
-		 At
31/3/21
£
569,621
24,092
-
-
2,178
-
-
-
26,270
595,891

Page 19

LADY MCADDEN'S BREAST SCREENING TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building (contingency) fund
Osteoporosis
Nationwide - Elmsleigh Drive
The National Lottery
FSJ Trust
Simulator
Southend Coronavirus
Pink Ribbon
TOTAL FUNDS		 Incoming
resources
£
688,378
-
-
-
47,260
2,000
444
1,817
4,000
55,521
743,899		 Resources
Movement
expended
in funds
£
£
(698,633)
(10,255)
(13,768)
(13,768)
(832)
(832)
(3,170)
(3,170)
(45,082)
2,178
(2,285)
(285)
(653)
(209)
(1,823)
(6)
(4,000)
-
(71,613)
(16,092)
(770,246)
(26,347)

Restricted funds

When significant new equipment or services are needed to facilitate the delivery of the charity's objects, the unit will raise donations from public appeals to contribute towards these costs, with any shortfall being met by the charity's unrestricted funds.

Restricted monies were received from The National Lottery to update the Lady McAdden website in the year 31 March 2021.

All other restricted funds represent the restricted element of the specific items of capital assets purchased, which are being depreciated over their useful life.

18. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution scheme pension which is made available to all employees. The charity contributions are treated as an expense and were £1,087 (2020 - £3,730). At the year end the charity owed £378 to the pension provider (2020 - £1,619)

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 20

LADY MCADDEN'S BREAST SCREENING TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Legacies
Grants
In memory
Collections
Fundraising activities
Fundraising events
Tilbury charity shop income
Elm Road charity shop income
eBay income
Investment income
Rent and service charges receivable
Deposit account interest
Charitable activities
Unit attendance income
Other income
Government support
Total incoming resources
EXPENDITURE
Fundraising activities
Appeals salaries
Fundraising event costs
Elm Road charity shop wages and expenses
Tilbury charity shop wages and expenses
eBay expenses
Investment management costs
Rent collection
Property repairs
Charitable activities
Nursing and radiography salaries
Carried forward		 2021
£
7,160
1,000
92,829
2,456
-
103,445
18,340
14,194
1,378
228
34,140
33,554
194
33,748
5,300
64,350
240,983
4,156
2,554
17,129
55,731
233
79,803
-
-
-
8,062
8,062		 2020
£
13,612
5,100
6,150
1,011
509
26,382
65,325
114,153
62,514
5,608
247,600
35,409
289
35,698
163,806
29,430
502,916
10,897
7,540
44,750
66,068
4,877
134,132
262
485
747
49,152
49,152

This page does not form part of the statutory financial statements

Page 21

LADY MCADDEN'S BREAST SCREENING TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Charitable activities
Brought forward
Purchase of materials
Maintenance of equipment
Radiation protection support
Medical consultants
Medical malpractice insurance
Osteoporosis clinics
Cardnet fees
Radiography agency staff
Recruitment charges
Medical equipment depreciation
Support costs
Admin
Reception and administration salaries
Hire of equipment
Printing, postage, stationery and telephone
Bank charges
Advertising
Training, conferences and seminars
Meetings and hospitality
Computer software maintenance
Sundry expenses
Payroll administration
Staff travel
Office equipment depreciation
Building
Water
Insurance
Repairs and decorations
Gas
Electricity
Cleaning and laundry
Land and building depreciation
Governance costs
Audit and accountancy
Legal and professional fees
Bookkeeping consultancy
Total resources expended
Net expenditure		 2021
£
8,062
-
11,621
1,867
-
2,742
-
409
-
-
1,749
26,450
68,661
918
4,791
398
16,732
81
-
4,311
886
1,272
-
1,344
99,394
923
2,947
5,383
2,173
1,860
12
20,596
33,894
3,450
1,185
-
4,635
244,176
(3,193)		 2020
£
49,152
4,029
33,011
1,867
48,254
2,742
2,097
1,574
45,344
2,630
3,000
193,700
126,447
678
7,543
1,381
-
610
508
2,273
1,517
1,272
328
1,552
144,109
951
6,993
6,883
2,097
1,897
2,967
20,596
42,384
5,400
4,878
720
10,998
526,070
(23,154)

This page does not form part of the statutory financial statements

Page 22