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2023-03-31-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 2023

FOR LADY MCADDEN BREAST CANCER TRUST

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

LADY MCADDEN BREAST CANCER TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 21
Detailed Statement of Financial Activities 22 to 23

LADY MCADDEN BREAST CANCER TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 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

The charity's breast awareness appointments with a specialist nurse are currently the only self referral service available in the UK (via face to face or video call) and this has enabled women of all ages but especially younger women to access information and advice not available to them before.

This service is vital in the fight against breast cancer survival as national figures showing that 42% of women who are newly diagnosed find changes themselves and the earlier symptoms are detected the better the outcomes. Coupled with the fact 46% of women admit to not checking themselves, giving confidence to women to know how to check themselves correctly and what to look for is a significant part of our work.

Due to the strains on the NHS, many women who are unable to get doctor's appointments are accessing our nurses to get reassurance about breast pain concerns or changes they have noticed. Due to the relationships we have built over the last few years with a wide range of GPs, if there is a concern, our nurses have been able to get an appointment, often on the same day, for these concerns to be followed up.

A report by Breast Cancer Now states that breast pain on its own is not normally seen as a symptom of breast cancer. Therefore, the nurse clinics will focus on reassurance and learning, explaining what symptoms to look for (breast awareness). No examination is included in our nurse services, as this should, as per national guidelines, be carried out by the GP or if breast cancer symptoms are displayed, by the breast clinic.

The trust has made appointments more accessible by holding face to face sessions in community venues, something which is to be continued and developed over the coming years. We are also developing a corporate, community and schools programme where nurses or trained members of staff give breast awareness talks to groups of women, explaining the importance of breast health. By going into the community and raising awareness, larger numbers of women have been seen in individual appointments, either face to face, via the telephone or video link. This has resulted in greater numbers of women being referred by our nurses to their GPs for further investigations.

Our nurses are also providing ongoing support to a wide range of women who may be undergoing treatment or have other concerns. Women can also sign up for our monthly check yourself text reminders. Four people have been diagnosed with a cancer diagnosis within this time period. Currently we are supporting one of these ladies through their diagnosis.

OBJECTIVES AND ACTIVITIES

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 BREAST CANCER TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities continued

The following indicates activities during the financial year:

Day time appointments

Breast awareness appointments 214
Breast pain 81
Concerns 32
Call backs 41
Follow ups 73
Subtotal 441
Evening appointments
Breast awareness appointments 17
Breast pain 9
Concerns 45
Call backs 25
Follow ups 17
Subtotal 113
Total 554

Between 1 April 2022 and 31 March 2023 there have been 209 people sign up for the free text reminder.

During this time we attended a number of events that included:

Page 2

LADY MCADDEN BREAST CANCER TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Tilbury shop

The Tilbury shop remains a significant part of the charity's income, which has been further enhanced with the introduction of the community bra bins. The trustees are grateful to the shop management, staff and volunteers for their dedication and hard work year after year which provides a solid foundation to allow the charity to continue its work.

There are now over 40 bra bins across the Essex area. Each bin averages 150 bras, which has the potential to generate an income of £60 per bin when sold at the charity shop. The bins vary from location to location as to how often they need emptying and collecting. Not only are the bins producing a valuable income, they are also raising awareness of the charity in new areas.

Volunteers

As always, the support of volunteers continues to be invaluable in raising much needed funds.

The charity relies on donations by individuals, companies, grants and a wide range of other fund raising activities by individuals.

This year a significant amount of money was raised with the pop-up shop which sold prom and wedding dresses and raised over £26,000.

Other amounts raised included:

Other events that include raising awareness were:

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 trust 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.

Page 3

LADY MCADDEN BREAST CANCER TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW

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 2023 the free reserves amounted to £286,652 which is in excess of six months total resources expended in the year to 31 March 2023 and is thus considered to be adequate.

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 2023 there are four members, therefore there are six vacancies on the Board. 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.

Organisational structure

The main day to day running of the organisation being undertaken by the Director of Operations, Engagement Manager and Shop Manager. The Director of Operations has continued with a reduced hours/salary to assist with cashflow.

The Director of Operations handed in her notice at the end of the year, due to personal circumstances. The trustees made the decision to employ a CEO to run the organisation in place of the Director of Operations. An interim CEO has been found and a handover period of 2 and a half months commenced, with the new CEO taking over fully in the new financial year.

The nurse services continue to operate with 4 part time nurses of which one works on an ad hoc basis and another during term time only.

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.

Page 4

LADY MCADDEN BREAST CANCER TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

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 the shop.

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.

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 above. 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 awareness services and the shop.

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 charity is no longer registered with the Care Quality Commission.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03334552 (England and Wales)

Registered Charity number

1062236

Page 5

LADY MCADDEN BREAST CANCER TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Registered office

The Lady McAdden Centre 203 Elmsleigh Drive Leigh on Sea Essex SS9 4JH

Trustees

Mrs J Jones Mrs L Marston A Kirkman Ms K A Holland (resigned 21/7/2022) J Whiddon (resigned 10/3/2023) Mrs C L Nichols (appointed 7/2/2023) Mrs C Wyatt (appointed 2/5/2023) W Moss (appointed 13/4/2023)

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

Metro Bank One Southampton Row London WC1B 5HA

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.

Page 6

LADY MCADDEN BREAST CANCER TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 6 December 2023 and signed on its behalf by:

A Kirkman - Trustee

Page 7

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

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

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

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 FCA

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

8 December 2023

Page 8

LADY MCADDEN BREAST CANCER TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
11,837
Charitable activities
Well-woman activities
7,720
Fundraising activities
3
185,146
Investment income
4
450
Other income
5
-
Total
205,153
EXPENDITURE ON
Raising funds
6
74,040
Charitable activities
7
Well-woman activities
137,368
Total
211,408
NET INCOME/(EXPENDITURE)
(6,255)
RECONCILIATION OF FUNDS
Total funds brought forward
611,620
TOTAL FUNDS CARRIED FORWARD
605,365		 Restricted
funds
£
12,369
-
-
-
238
12,607
5,000
6,360
11,360
1,247
674
1,921		 2023
Total
funds
£
24,206
7,720
185,146
450
238
217,760
79,040
143,728
222,768
(5,008)
612,294
607,286		 2022
Total
funds
£
17,852
12,842
121,737
83,616
30,500
266,547
110,636
139,508
250,144
16,403
595,891
612,294

The notes form part of these financial statements

Page 9

LADY MCADDEN BREAST CANCER TRUST

BALANCE SHEET 31 MARCH 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
12
318,712
CURRENT ASSETS
Debtors
13
12,160
Cash at bank and in hand
281,046
293,206
CREDITORS
Amounts falling due within one year
14
(6,554)
NET CURRENT ASSETS
286,652
TOTAL ASSETS LESS CURRENT
LIABILITIES
605,364
NET ASSETS
605,364
FUNDS
16
Unrestricted funds:
General fund
Restricted funds:
The National Lottery
Gannett Foundation
TOTAL FUNDS		 Restricted
funds
£
303
-
1,619
1,619
-
1,619
1,922
1,922		 2023
Total
funds
£
319,015
12,160
282,665
294,825
(6,554)
288,271
607,286
607,286
605,364
303
1,619
1,922
607,286		 2022
Total
funds
£
329,843
15,401
277,156
292,557
(10,106)
282,451
612,294
612,294
611,620
674
-
674
612,294

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 BREAST CANCER TRUST

BALANCE SHEET - continued 31 MARCH 2023

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 6 December 2023 and were signed on its behalf by:

A Kirkman - Trustee

The notes form part of these financial statements

Page 11

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the 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 6 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 advice, education and awareness related to breast health.

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 BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

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
Sundry income
Grants received, included in the above, are as follows:		 2023
£
8,353
2,000
12,369
1,484
-
24,206		 2022
£
6,644
2,500
5,000
3,232
476
17,852
2023 2022
£ £
Pink Ribbon 4,250 -
Fowler Smith and Jones Trust 1,500 -
Gannett Foundation 1,619 -
Albert Hunt Trust 5,000 -
Other grants - 5,000
12,369 5,000

Page 13

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

3.
FUNDRAISING ACTIVITIES
Fundraising events
Tilbury charity shop income
eBay income
Pop up shop income
4.
INVESTMENT INCOME
Rent and service charges receivable
Lease surrender receivable
Deposit account interest
5.
OTHER INCOME
Gain on sale of tangible fixed assets
Government support
6.
RAISING FUNDS
Fundraising activities
Fundraising event costs
Tilbury charity shop wages and expenses
eBay expenses
Loss on sale of assets		 2023
£
17,711
140,174
951
26,310
185,146
2023
£
-
-
450
450
2023
£
-
238
238
2023
£
4,959
74,058
23
-
79,040		 2022
£
19,419
99,968
2,350
-		 2022
£
19,419
99,968
2,350
-
121,737
2022
£
33,101
50,382
133
83,616
2022
£
2,000
28,500
30,500
2022
£
2,017
73,105
292
35,222
110,636

Page 14

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

7. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Direct Support
Costs costs Totals
£ £ £
Well-woman activities 37,807 105,921 143,728

8. NET INCOME/(EXPENDITURE)

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

2023 2022
£ £
Depreciation - owned assets 10,828 11,079
Hire of plant and machinery 17 483
Deficit on disposal of fixed assets - 33,222
Examiners' fees - independent examination 3,990 3,990
Examiners' fees - other services 1,296 1,272

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

10. STAFF COSTS

2023 2022
£ £
Wages and salaries 153,708 136,337
Social security costs 5,167 4,283
Other pension costs 2,427 2,519
161,303 143,139
The average number of employees during the year was as follows: 2023 2022
Nursing 4 2
Administration and clerical 2 2
Reception 1 1
Shops 5 4
11 9

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

During the year, the total remuneration paid to key management personnel was £49,379 (2022 - £45,133)

Page 15

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
12,852
Charitable activities
Well-woman activities
12,842
Fundraising activities
121,737
Investment income
83,616
Other income
16,232
Total
247,279
EXPENDITURE ON
Raising funds
83,390
Charitable activities
Well-woman activities
123,066
Total
206,456
NET INCOME/(EXPENDITURE)
40,823
Transfers between funds
1,176
Net movement in funds
41,999
RECONCILIATION OF FUNDS
Total funds brought forward
569,621
TOTAL FUNDS CARRIED FORWARD
611,620		 Restricted
funds
£
5,000
-
-
-
14,268
19,268
27,246
16,442
43,688
(24,420)
(1,176)
(25,596)
26,270
674		 Total
funds
£
17,852
12,842
121,737
83,616
30,500
266,547
110,636
139,508
250,144
16,403
-
16,403
595,891
612,294

Page 16

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. TANGIBLE FIXED ASSETS

Fixtures
Land and
and
Medical
buildings
fittings
equipment
£
£
£
COST
At 1 April 2022
377,189
39,515
31,028
Disposals
-
-
(15,528)
At 31 March 2023
377,189
39,515
15,500
DEPRECIATION
At 1 April 2022
50,365
36,496
31,028
Charge for year
10,073
755
-
Eliminated on disposal
-
-
(15,528)
At 31 March 2023
60,438
37,251
15,500
NET BOOK VALUE
At 31 March 2023
316,751
2,264
-
At 31 March 2022
326,824
3,019
-
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade debtors
2,101
Income tax recoverable
1,538
Prepayments and accrued income
8,521
12,160
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade creditors
1,061
Social security and other taxes
-
Other creditors
537
Accrued expenses
4,956
6,554
15.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2023
£
Within one year
10,639
Between one and five years
2,563
13,202		 Totals
£
447,732
(15,528)
432,204
117,889
10,828
(15,528)
113,189
319,015
329,843
2022
£
4,992
2,396
8,013
15,401
2022
£
1,591
2,693
497
5,325
10,106
2022
£
10,639
13,202
23,841

Page 17

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
The National Lottery
Gannett Foundation
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
The National Lottery
Pink Ribbon
Kickstart
Fowler Smith and Jones Trust
Albert Hunt Trust
Gannett Foundation
TOTAL FUNDS		 At 1/4/22
£
611,620
674
-
674
612,294
Incoming
resources
£
205,153
-
4,250
238
1,500
5,000
1,619
12,607
217,760		 Net
movement
At
in funds
31/3/23
£
£
(6,256)
605,364
(371)
303
1,619
1,619
1,248
1,922
(5,008)
607,286
Resources
Movement
expended
in funds
£
£
(211,409)
(6,256)
(371)
(371)
(4,250)
-
(238)
-
(1,500)
-
(5,000)
-
-
1,619
(11,359)
1,248
(222,768)
(5,008)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Building (contingency) fund
The National Lottery
Kickstart
TOTAL FUNDS		 At 1/4/21
£
569,621
24,092
2,178
-
26,270
595,891		 Net
movement
in funds
£
40,823
(24,092)
(1,504)
1,176
(24,420)
16,403		 Transfers
between
funds
£
1,176
-
-
(1,176)
(1,176)
-		 At
31/3/22
£
611,620
-
674
-
674
612,294

Page 18

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16. 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
The National Lottery
Kickstart
Thurrock Shopfront
Tesco
Rosca
TOTAL FUNDS		 Incoming
resources
£
247,279
-
-
11,114
3,154
1,000
4,000
19,268
266,547		 Resources
Movement
expended
in funds
£
£
(206,456)
40,823
(24,092)
(24,092)
(1,504)
(1,504)
(9,938)
1,176
(3,154)
-
(1,000)
-
(4,000)
-
(43,688)
(24,420)
(250,144)
16,403

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

Unrestricted funds
General fund
Restricted funds
Building (contingency) fund
The National Lottery
Kickstart
Gannett Foundation
TOTAL FUNDS		 At 1/4/21
£
569,621
24,092
2,178
-
-
26,270
595,891		 Net
movement
in funds
£
34,567
(24,092)
(1,875)
1,176
1,619
(23,172)
11,395		 Transfers
between
funds
£
1,176
-
-
(1,176)
-
(1,176)
-		 At
31/3/23
£
605,364
-
303
-
1,619
1,922
607,286

Page 19

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16. 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:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 452,432 (417,865) 34,567
Restricted funds
Building (contingency) fund - (24,092) (24,092)
The National Lottery - (1,875) (1,875)
Pink Ribbon 4,250 (4,250) -
Kickstart 11,352 (10,176) 1,176
Thurrock Shopfront 3,154 (3,154) -
Tesco 1,000 (1,000) -
Rosca 4,000 (4,000) -
Fowler Smith and Jones Trust 1,500 (1,500) -
Albert Hunt Trust 5,000 (5,000) -
Gannett Foundation 1,619 - 1,619
31,875 (55,047) (23,172)
TOTAL FUNDS 484,307 (472,912) 11,395

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 Albert Hunt Trust for core costs and Pink Ribbon for nurses in the community.

Restricted monies were also received from the Fowler Smith and Jones Trust for the replacement of the rear door, and from the Gannett Foundation for advertising.

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

17. 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 £2,427 (2022 - £2,519). At the year end the charity owed £537 to the pension provider (2022 - £497)

Page 20

LADY MCADDEN BREAST CANCER TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 21

LADY MCADDEN BREAST CANCER TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Legacies
Grants
In memory
Sundry income
Fundraising activities
Fundraising events
Tilbury charity shop income
eBay income
Pop up shop income
Investment income
Rent and service charges receivable
Lease surrender receivable
Deposit account interest
Charitable activities
Unit attendance income
Other income
Gain on sale of tangible fixed assets
Government support
Total incoming resources
EXPENDITURE
Fundraising activities
Fundraising event costs
Tilbury charity shop wages and expenses
eBay expenses
Loss on sale of tangible fixed assets
Charitable activities
Nursing and radiography salaries
Maintenance of equipment
Carried forward		 2023
£
8,353
2,000
12,369
1,484
-
24,206
17,711
140,174
951
26,310
185,146
-
-
450
450
7,720
-
238
238
217,760
4,959
74,058
23
-
79,040
31,817
1,304
33,121		 2022
£
6,644
2,500
5,000
3,232
476
17,852
19,419
99,968
2,350
-
121,737
33,101
50,382
133
83,616
12,842
2,000
28,500
30,500
266,547
2,017
73,105
292
35,222
110,636
22,005
303
22,308

This page does not form part of the statutory financial statements

Page 22

LADY MCADDEN BREAST CANCER TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Charitable activities
Brought forward
Radiation protection support
Medical malpractice insurance
Cardnet fees
Support costs
Admin
Reception and administration salaries
Hire of equipment
Printing, postage, stationery and telephone
External telephone operations
Bank charges
Advertising
Computer software maintenance
Sundry expenses
Payroll administration
Staff travel
Office equipment depreciation
Building
Water
Insurance
Repairs and decorations
Gas
Electricity
Land and building depreciation
Governance costs
Audit and accountancy
Legal and professional fees
Total resources expended
Net (expenditure)/income		 2023
£
33,121
-
4,058
628
37,807
71,350
17
2,904
4,123
950
1,250
165
526
1,296
298
755
83,634
232
3,506
3,792
1,069
(375)
10,073
18,297
3,990
-
3,990
222,768
(5,008)		 2022
£
22,308
18
2,752
680
25,758
70,634
483
4,387
8,225
953
1,501
156
319
1,272
203
1,006
89,139
298
3,974
3,032
2,195
478
10,073
20,050
3,990
571
4,561
250,144
16,403

This page does not form part of the statutory financial statements

Page 23