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← The Primrose Foundation

2024-12-31-accounts

The Primrose Foundation Charity Number 1064277

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31/12/2024

Reference and administration information

Full name of the charity: The Primrose Foundation Charity Registration Number: 1064277 Governing instrument: 1997 Trust deed 2017 Amendment to original deed 2019 Amendment to original deed Trustees: Mrs Fiona Osmaston (resigned March 2025) Mr Peter Franklin Mr John Dickson Mrs Julie Wheeler (resigned May 2025) Mr Nick Davis (resigned September 2025) Mrs Katarzyna Dickson (appointed August 2024) Mrs Kayleigh Davenport (resigned March 2025) Miss Theresa Williams (appointed January 2024) Ms Helen McHarry (appointed August 2024) Miss Samantha Maddock (appointed August 2025) Ms Susan Wallace (appointed September 2025) Honorary Treasurer: Peter Franklin FCA Principal address of the Charity: Derriford Hospital Plymouth Devon Pl6 8DH Accountants: Turnbull & Co Accountants Ltd Pilgrim House Oxford Place Plymouth PL1 5AJ Solicitors: Tozers Broadwalk House Southenhay Exeter EX1 1UA

Bankers: Unity Trust Bank Planetary Road Willenhall WV1 9DG

The Trustees Report

The Trustees present their annual report together with the financial statements and Independent Examiners Report of the Charity for the year ended 31/12/2024.

The financial statements comply with the Charities Act 2011, the trust deed, and 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).

Chairs Report

During 2024 the charity continued to benefit from the recent momentum to further grow. Funds raised have increased in comparison to 2023 and this has allowed us as a charity to continue to make decisions on funding some of the required improvements for the primrose centre along with providing grants to directly improve patient outcomes.

The overriding goal of the Foundation is to invest and assist the Breast Care Services in Plymouth Derriford Hospital to become a leading national breast care centre.

The Primrose Centre in Derriford Hospital along with the associated services continue to face significant funding constraints. Our goal is to fund improvements which directly improve patient experiences and outcomes.

Donations and event income received totals approximately £110k for the year. Total donations have been bolstered by an additional amount from a legacy totalling £16,410. The charity aims to continue raising similar levels of income over the coming years.

During the year the charity has funded significant projects to try and improve the uptake of the routine screening projects. This included a bus advertising campaign along with the production of a short animated advert to try and advertise the importance of the screening service.

Due to the ongoing cost of living pressures, the charity has continued and expanded its new charitable giving of direct grants to patients. These are in two areas;

Wig Grants for patients suffering from hair loss. A total of £5,447 was given in patients wig grants.

Hardship grants for patients struggling with the cost of living which is affecting their treatment or recovery from treatment. During the year the charity gave £3,450 in hardship grants.

There were other small gifts for staff training and equipment for the centre.

Total charitable giving for the year totalled £39,322.

There have been numerous trustee changes during 2024 and 2025. We have been very lucky to recruit some very capable new trustees with diverse skills and expertise to complement the existing Board.

During 2024 the charity employed one member of staff who is the Charities Manager, predominantly employed as a fundraiser and events manager. She was assisted by a number of volunteers who provide their time free of charge to help organise and run various events during the year. These volunteers are required to formally apply to the charity using our volunteer process.

At the start of 2025 the employee left the charity and the trustees decided not to fill the roll with a replacement employee.

Charity Objectives

Public Benefit Statement

The Trustees have reviewed the activities of The Charity in the light of the guidance published by The Charity Commission on public benefit. The Trustees are satisfied that the Trust’s activities are for the public benefit, relating as they do to the improvement of the breast screening and breast disease treatment at Plymouth Hospital. This directly benefits the local community.

Achievements and Performance

The Foundation has continued to support the staff and patients of the unit during the year. The most significant element are the direct payments to patients which is a new and valuable method of helping patients of the unit. Funding has been provided for various small pieces of equipment along with some other staff training.

Financial Review

Income from donations and events has increased from £119k (23) to £127k (24). The increase is the result of more general donations. Funds raised come from a mix of event income, private donations and legacy donations.

Fundraising expenditure has fallen due to the fact we did not repeat the October 2023 ball.

Administration expenditure has remained consistent. The charity had one employee who is in a

fundraiser and events coordinator role.

The online presence of The Charity continues to be maintained and developed. This is seen as a key area for public interaction giving the ability to increase donations.

During the year to 31[st] December 2024 The Charity received £126,554.01 in unrestricted income. The excess of income over expenditure was £31,991.35.

The retained funds have increased to £138,405.83 due to the excess of income over expenses. The Trustees continue to look for new opportunities to use this money for the objective of The Charity.

Reserves policy

The Charity holds a significant amount of cash. This has been accumulated over time from donations. The Charity aims to use the money raised for its objectives as soon as possible so as to not have large cash reserves. Currently we do not have any specific funding requests that will erode our cash reserves but we continue to invite applications for funding.

Cash reserves are held with Unity Trust. Interest rates are low during the year that there is little incentive with the levels of cash to invest in a deposit account.

Going concern

The Trustees have reviewed the circumstances of The Charity and consider that adequate resources continue to be available to fund the activities of The Charity for the foreseeable future. The Trustees are of the view that The Charity is a going concern.

Plans for future periods

The Charity remains committed to improving the service at the Primrose Centre in Derriford Hospital.

Risk management

The Charity is currently relatively small and manages all risk by having a diverse, knowledgeable and ethical committed board of Trustees who meet regularly. Decisions are made democratically at Trustee meetings.

Our cash is held with Unity Trust Bank.

Our financial accounts are externally reviewed by Turnbull & Co Accountants Ltd.

Investment policy and performance

No interest was received during the year.

Appointing new Trustees

All new trustees are required to submit a CV and attend an interview with a committee of current Trustees. Applicants are then appraised by the board. The board aims to have a diverse selection of Trustees at all times.

TRUSTEES’ RESPONSIBILITIES STATEMENT

The Trustees are responsible for preparing The Trustees' report and the financial statements in accordance with the trust deed, the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In preparing these financial statements, The Trustees are required to:

Trustees’ report, incorporating a strategic report, approved by order of the Board of Trustees, on 20/10/2024 and signed on the board’s behalf by:

Mr Peter Franklin Trustee & Treasurer

1064277
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01/01/2023
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date
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FOR ENGLAND AND WALES		 31/12/2023
~~ae~~		 31/12/2023
~~ae~~
Section A Statement of financial activities Section A Statement of financial activities Section A Statement of financial activities
Recommended categories by
activity		 Guidance Notes Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total funds Prior year
funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 126,554 - - 126,554 118,902
Charitable activities S02 - - - - -
Other trading activities S03 - - - - -
Investments S04 - - - -
Separate material item of income S05 - - - - -
Other S06 - - - - -
Total S07 126,554 - - 126,554 118,902
Resources expended (Note 6)
Expenditure on:
Raising funds S08 34,208 - - 34,208 39,893
Charitable activities S09 39,322 - - 39,322 32,018
Separate material item of expense S10 - - - - -
Other S11 21,033 - - 21,033 14,731
Total S12 94,563 - - 94,563 86,642
Net income/(expenditure) before investment
gains/(losses) S13 31,991 - - 31,991 32,260
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 31,991 - - 31,991 32,260
Extraordinary items S16 - - - - -
Transfers between funds S17 - - - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use Gains and losses on revaluation of fixed assets for the charity’s own use S18 - - - - -
Other gains/(losses) S19 - - - - -
Net movement in funds S20 31,991 - - 31,991 32,260
Reconciliation of funds:
Total funds brought forward S21 106,415 - - 106,415 74,155
Total funds carried forward S22 138,406 - - 138,406 106,415
1

Section B Balance sheet

Restricted Unrestricted income Endowment Total this Total last funds funds funds year year £ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets (Note 15) B01 - - - - - Tangible assets (Note 14) B02 765 - - 765 1,182 Heritage assets (Note 16) B03 - - - - - Investments (Note 17) B04 - - - - - Total fixed assets B05 ~~===—=~~ 765 - - 765 1,182 Current assets Stocks (Note 18) B06 - - - - - Debtors (Note 19) B07 - - - - - Investments (Note 17.4) B08 - - - - - Cash at bank and in hand (Note 24) B09 138,800 - - 138,800 106,336 Total current assets B10 ~~77-2~~ 138,800 - - 138,800 106,336 Creditors: amounts falling due within one year (Note 20) B11 1,159 - - 1,159 1,103 Net current assets/(liabilities) B12 ~~—————~~ 137,641 - - 137,641 105,233 Total assets less current liabilities B13 138,406 - - 138,406 106,415 Creditors: amounts falling due after one year (Note 20) B14 - - - - - Provisions for liabilities B15 - - - - - Total net assets or liabilities B16 ~~———~~ 138,406 - - 138,406 106,415 Funds of the Charity Endowment funds (Note 27) B17 - - - Restricted income funds (Note 27) B18 - - - Unrestricted funds B19 138,406 - 138,406 106,415 Revaluation reserve B20 - Total funds B21 ~~==an=~~ 138,406 - - 138,406 106,415 Signed by one or two trustees on behalf of all Date of the trustees Signature Print Name approval dd/mm/yyyy Peter Franklin 01/10/2025

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with  Ireland (FRS 102)the Financial Reporting Standard applicable in the United Kingdom and Republic of

The charity constitutes a public benefit entity as defined by  FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support N/A the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the N/A going concern assumption doubtful; Where accounts are not prepared on a going N/A concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note {2 }.

There have been no changes to the accounting policies during the year.

Please disclose:

(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to ac counting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes
No		 * -Tick as appropriate

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes

No
 * -Tick as appropriate
Please disclose:
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Offsetting

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

Grants and donations

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

Legacies

Government grants

The charity has received government grants in the reporting period

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Tax reclaims on donations and gifts

Contractual income and This is only included in the SoFA once the charity has provided the related goods or performance related services or met the performance related conditions. grants

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated goods

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.

Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

Donated services and Donated services and facilities are included in the SOFA when received at the value of facilities the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

Support costs

The charity has incurred expenditure on support costs.

The value of any voluntary help received is not included in the accounts but is described Volunteer help in the trustees’ annual report.

Income from interest, This is included in the accounts when receipt is probable and the amount receivable can royalties and dividends be measured reliably.

Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations subscriptions and Legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

2.4 ASSETS
Intangible fixed assets
Heritage assets
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
Investment gains and
losses
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments		 Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Current asset
investments
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
Debtors
(
g
)
g
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Yes
No
N/a
Yes
No
N/a

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations andgifts
110,144 - - 110,14486,680
Gift Aid
- - -605
Legacies
16,410- - 16,410 31,617
General grants provided by government/other
charities
- - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donatedgoods,facilities and services
- - - - -
Other
- - - -
Total 126,554 - - 126,554 118,902
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total - - - - -
Interest income
- - - - -
Dividend income
- - - - -
Rental and leasingincome
- - - - -
Other
- - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
- - - - -
Total - - - - -
126,554 - - 126,554 118,902
Other information:
TOTAL INCOME
Other:
Other trading
activities:
Income from
investments:
Separate
material item
of income:
Analysis
Donations
and legacies:
Charitable
activities:		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Analysis
Donations andgifts 110,144 - - 110,144 86,680
Gift Aid - - - 605
Legacies 16,410 - - 16,410 31,617
General grants provided by government/other
charities		 - - - - -
Membership subscriptions and sponsorships
which are in substance donations		 - - - -
Donatedgoods,facilities and services - - - - -
Other - - - -
Total 126,554 - - 126,554 118,902
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Interest income - - - - -
Dividend income - - - - -
Rental and leasingincome - - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use		 - - - - -
Gain on disposal of a programme related
investment		 - - - - -
Royalties from the exploitation of intellectual
propertyrights		 - - - - -
Other - - - - -
Total - - - - -
126,554 - - 126,554 118,902
All income in the prior year was unrestricted except for: (please
provide description and amounts)
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

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CC17a IEx¢èll 1011112025

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis
Expenditure on raising funds:		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Incurred seeking donations 16,193 - - 16,193 16,082 - - 16,082
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - -
Operating membership schemes and
social lotteries		 - - - - -
Staging fundraising events 11,237 - - 11,237 18,794 18,794
Fudraising agents - - - - -
Operating charity shops - - - - -
Operating a trading company
undertaking non-charitable trading
activity		 - - - - -
Advertising, marketing, direct mail and
publicity		 6,778 - - 6,778 5,017 - - 5,017
Start up costs incurred in generating
new source of future income		 - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice - - - - - - - -
Investment administration costs - - - - - - - -
Intellectual property licencing costs - - - - - - - -
Rent collection, property repairs and
maintenance charges		 - - - - - - - -
- - - - - - - -
Total expenditure on raising funds 34,208 - - 34,208 39,893 - - 39,893
Expenditure on charitable activities:
Staff training 2,917 - - 2,917 - - - -
Unit Equipment 1,064 - - 1,064 - - - -
Specialist Nurse Salary - - - 24,989 - - 24,989
Wig Grants 5,448 - - 5,448 4,600 4,600
Patient Hardship Grants 3,450 - - 3,450
Screening Promotion 22,460 - - 22,460
Other unit expenses 3,983 - - 3,983 2,429 - - 2,429
Total expenditure on charitable
activities		 39,322 - - 39,322 32,018 - - 32,018
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
Administration 14,055 - - 14,055 13,731 - - 13,731
Independent Examination 1,050 - - 1,050 1,000 - - 1,000
Legal expenses 5,928 - - 5,928 - - - -
- - - - - - - -
Total other expenditure 21,033 - - 21,033 14,731 - - 14,731

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TOTAL EXPENDITURE

94,563 - - 94,563 86,642 - - 86,642

Other information:

Analysis of expenditure on charitable activities

Analysis of expenditure on charitable activities activities activities activities
Thisyear Lastyear
Activity or programme Activities
undertaken
directly		 Grant
funding of
activities		 Support
Costs		 Total this
year		 Activities
undertaken
directly		 Grant
funding of
activities		 Support
Costs		 Total last
year
£ £ £ £ £ £ £ £
Activity1 - - - - - - - -
Activity2 - - - - - - - -
Other - - - - - - - -
Total - - - - - - - -

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10

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Please provide details of the amount paid for any statutory external scrutiny of
accounts and other services provided by your independent examiner. If nothing
was paid please enter '0' in the appropriate box(es).
Other fees (for example: financial advice, consultancy, accountancy services) paid
to the independent examiner
Independent examiner’s fees
Assurance services other than audit or independent examination
Tax advisory fees		 This year
£		 Last year
£
1,050 1,000
- -
- -
- -

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Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation

At the beginning of the year
Additions
Revaluations
Disposals
Transfers
At end of the year
Basis*
Rate
At beginning of the year
Disposals
Depreciation
Impairment
Transfers
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
14.3 Net book value
14.2 Depreciation and impairments*		 Freehold land &
buildings
£		 Other land &
buildings
£		 Plant,
machinery and
motor
vehicles
£
Fixtures, fittings
and equipment
£		 Total
£
- - - 1,982 1,982
- - - - -
- - - - -
- - - - -
- - - - -
- - - 1,982 1,982
SL or RB (Straight
Line or Reducing
Balance)		 SL or RB SL or RB SL over 48
months		 SL
- - - 800 800
- - - - -
- - - 417 417
- - - - -
- - - - -
- - - 1,217 1,217
- - - 1,182 1,182
- - - 765 765

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14.4 Impairment

This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation

the name of independent valuer, if applicable
the carrying amount that would have been recognised had the assets been
carried under the cost model.
the methods applied and significant assumptions
the effective date of the revaluation
If an accounting policy of revaluation is adopted, please provide:		 This year
Last year		 This year
Last year
- -

14.6 Other disclosures

(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of
tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible
fixed assets.		 Thisyear Lastyear
£ £
- -
- -

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Please complete this note if the charity has any
debtors or prepayments.
19.1 Analysis of debtors
Trade debtors
Prepayments and accrued income
Other debtors		 This year
£		 Last year
£
- -
-
-
-
-
-
-

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Prepayments and accrued income
Other debtors
Total
Trade debtors		 This year
£		 Last year
£
-
-
-
-
-
-
-
-
-
-

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts

Trade creditors

Payments received on account for contracts or performance-related grants

Accruals and deferred income Taxation and social security Other creditors

Total Amounts falling due within
oneyear		 Amounts falling due within
oneyear
Amounts falling due after
more than oneyear
Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - -
-
- - -
-
- - -
-
- - -
-
1,159 1,103 -
-
- - -
-
- - -
-
1,159 1,103
-
-

20.2 Deferred income

Please complete this note if the charity has deferred income.

come.

Thisyear		 Lastyear
No Deferred income in
2023		 nil

Please explain the reasons why income is deferred.

This year
£		 Last year
£
-
-
-
-
-
-
-
-

Movement in deferred income account

Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Other
Cash at bank and on hand
Total
Short term cash investments (less than 3 months maturity date)
Short term deposits		 This year
£		 Last year
£
- -
- -
138,800 106,336
- -
138,800 106,336

Related Parties

For the financial year there are no related party trasactions that require disclosure under the Charities SORP.

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THE PRIMROSE FOUNDATION

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PRIMROSE FOUNDATION

This report is made solely to the charity'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 charity'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 charity and the charity's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

the accounts do not accord with those records; or

the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Ian Taberner BA FCA

Ian Taberner BA FCA Dated: 11 November 2025 Turnbull & Co Accountants Limited Chartered Accountants Pilgrim House Oxford Place Plymouth PL1 5AJ