## **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**
- To preserve and protect life of people in the area of benefit, in particular but without prejudice to the generality of the foregoing, by supporting the continued provision and enhancement of service by the Breast Care Centre known as The Primrose Centre at Derriford Hospital.
- To assist in the treatment and care of persons suffering from breast diseases including cancer by providing or assisting in the provision of equipment, facilities, and support services.
- To promote better health by the education of the public
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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
Period start date
01/01/2023
**To**
Period end
date
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FOR ENGLAND AND WALES|1064277
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PrimroseFoundation
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FOR ENGLAND AND WALES|1064277
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PrimroseFoundation
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FOR ENGLAND AND WALES|1064277
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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
CC17a (Excel)
10/11/2025
2
## **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
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
- -Tick as appropriate
## **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.**_
CC17a (Excel)
10/11/2025
3
## **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:
- the charity becomes entitled to the resources;
|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
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|Yes
No
N/a|||
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N/a|||
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No
N/a|||
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N/a|||
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N/a|||
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N/a|||
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|Yes
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N/a|||
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|Yes
No
N/a|||
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|Yes
No
N/a|||
||||
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
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|
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No
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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.||||
|---|---|---|---|
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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**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)**
CC17a (Excel)
10/11/2025
~~7~~
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|
CC17a (Excel)
10/11/2025
9
## **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**|-|-|-|-|-|-|-|-|
||||||||||
CC17a (Excel)
10/11/2025
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|
||-|-|
||-|-|
||-|-|
CC17a (Excel)
10/11/2025
11
## **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|
CC17a (Excel)
10/11/2025
12
## **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**|
|---|---|---|
||**£**|**£**|
||-|-|
||-|-|
||||
CC17a (Excel)
10/11/2025
13
## **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**
**£**|
|---|---|---|
||-|
-|
||-|
-|
||-|
-|
||-|
-|
||-|
-|
CC17a (Excel)
10/11/2025
14
## **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**
CC17a (Excel)
10/11/2025
15
## **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.**
CC17a (Excel)
10/11/2025
16
## **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