THE NIGHTINGALE CANCER SUPPORT CENTRE (LIMITED BY GUARANTEE) Company No. 4515844 Charity Registration No. 1094435 ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 187a BAKER STREET ENFIELD LONDON EN13JT
THE NIGHTINGALE CANCER SUPPORT CENTRE (Company No. 4515844) ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS COMPANY INFORMATION TRUSTEES, REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET 10 NOTES TO THE ACCOUNTS
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) COMPANY INFORMATION BOARD OF TRUSTEES S Seth (Chair) P H M O'mahony (Vice Chair) A WBone T Aylolt F Henry D O'Beirne J Laban A Iqbal M Fase M Walsh P Alder Key management personnel J Kearns, Director of Services & Development {resigned 8 February 2023) N Jacobs, Chief Executive Officer (appointed 8 March 2023) BANKERS Royal Bank of Scotland 30132 London Road Enfield Middlesex EN2 6DT INDEPENDENT EXAMINER Moore Northern Home Counties Limited East Wing, Goffs Oak House Goffs Lane, EN7 5BW REGISTERED OFFICE 187a Baker Street Enfield EN13JT
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) REPORT OF THE BOARD OF TRUSTEES The Trustees are pleased to present their annual directors. report together with the financial statements of the Charity for the year ending 31 December 2023 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordan wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2021>. STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is a company limited by guarantee and was incorporated on 21 August 2002, registration number 4515844. The Board has the power lo appoint addilional trustees as it considers fit to do so, and delegates the responsibility for the day-to-day operations lo the administrator. The Board of Trustees meets as a body six times a year with additional meetings as requlred. At the Board meetings the Service and Development Direclor's port is tabled, as well as the latest financial information. The reports are discussed within the trustees, and questions asked where necessary. Two sub-committees, Finance & General Purpose Committee and Operational Management Committee, support the Board. These meet on a monthly basis. in between the Board meetings. Each Committee prepares a report which is presented to the Board. New Trustees join the Board at invitation and are chosen wtth a view to ensuring an appropriate balance of individuals whose skills can make a valid contribution to the operation of the charity. All directors of Ihe company are also trustees of the charity and there are no other trustees. Trustees are encouraged to attend appropriate external training events vthere these will facilitate the undertaking of their role. PUBLIC BENEFIT The Trustees acknowledge their duty underthe Charities Act 2011 to have due regard to the Charity Commission's published general and sub-sector guidance on public benefit when reviewing our aims and strategy and in planning our future activities. Our links with the community have continued to be developed throughout the year. Activities and events promoting awareness and availability of assistance amongst various social groups continue to be developed throughout the year. The review of activities referred to below highlights the achievements made and plans for the future.
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) OBJECTS AND ACTIVITIES The objects of the charity as defined by the Memorandum of Association are for the relief of adult patients who have been diagnosed as terminally ill with a defined condition or newly diagnosed as having cancer, by the provision of care services to such persons and to carers and relatives, primarily but not necessarily within the London Borough of Enfield, establishing, maintaining and conducting a day centre, day hospice or residential hospice services. including but not limited to the provision of home support, drop in. counselling, Complementary therapies during and after the term of illness. ACHIEVEMENTS AND PERFORMANCE The core mission of The Nightingale Cancer Support Centre is to improve Ihe quality of Ilfe of cancer sufferers, their families and carers and help them cope, whatever their circumstances. We do thls by providing practical, emotional and physical support throughout their journey, right from the point of diagnosis. In an effort to reach as many people as possible, we continued to promote the work of the charity with the overall aim of ensuring that the general public became aware of our work and that individuals affected by cancer know who they can contact for support should they need it. Information was distributed to local hospitals, GP surgeries, pharmacies and church groups. In addition, Information events were held at key venues throughout The Borough via the charity's social media sites. Our services are provided through a programme which encompasses Information, individual therapies, counselling and advice sessions as well as our groups and classes. Through this programme we provide telephone support, face-to-face drop-in support and initial assessment appointments, general information and advice, individual counselling and complementary therapies and social events. During 2023 we provide more services than ever before and received more referrals due to the COVID backlog. 7,428 (2022.. 6,403) individual interventions 9312022.. 89) clients referred to other agencies 865 (2022.. 875) individual 1-2-1 s with clients 928 (2022.. 699) counselling hours 1,640 {2022'. 605} individual attendances at Fitsteps, Mindfulness and exercise classes 987 {2022'. 686) individual atlendances at coffee clubs 1,547 (2022.. 1,627) telephone calls to support clients As one of our Clients pul it, °Nightingale has been amazing after the shock of gettlng Stage 4 Colorectal cancer last April. Both my husband and I have had counselling, Mindfulness, Pilates and massages all freel The staff are so welcoming and have always made us welcome and supportedl Fantaslic service!
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) PLANS FOR THE FUTURE The trustees are aware that although we go into a new financial year with healthy reserves. we still need to work very hard at fundraising. The Cost of running the centre is increasing, disposable income is falling and the trustees would sti15 like to be able to deliver our services free of charge. It is their firm belief that money should not be a barrier to anyone in receiving the support that they need. The impact of Covid-19 meant that many cancer diagnostic and treatment services were reduced or shut down complelely and medical staff diverted to manage the coronavirus crisis. Although NHS services have resumed we are aware that with such a backlog Ihere will be a much higher demand forour services. Our Centre will deliverface-to-face support at pre-pandemic levels and introduce information events targeted direclly at those who were diagnosed during lockdown. The events will allow cancer patients to share their experiences and understand how The Nightingale Can help them to come to temis with their diagnosis and help them move foward. FINANCIAL REVIEW The charity, having fully reopened from April 2022, provided a full year of services. Income increased from £363k to £467K. Expenses rose from £370k to £438k reflecting the increased activity in the year. The charity made a surplus of £29k {2022: a deficit of £7k) for the year. RESERVES POLICY The trustees have considered Ihe level of reserves required that wll allow the charity lo continue operating and providing the capacity to explore new sources of funding should any of its funding streams be withdrawn or come to an end wtth no immediate replacement. The charity is dependent on voluntary income and in recent years legacies have enabled the charity to reduce operating deficits. However, the uncertainly of legacies and the risk of voluntary income not being raised the trustees believe a minimum of 12 month's forecast expenditure should be held as unrestricted reserves lo cover staff costs, property lease costs and other committed expenditure. DONATIONS There were no charilable donations during the year.
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees, report and the financial statemenls in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company. In preparing the financial statements, the trustees are required to- select suitable accounting policies then apply them consislently., observe the methods and principles in the Charities SORP., make judgemenls and accounting estimates thal are reasonable and prudent; prepare the financial slatemenls on Ihe going concern basis unless it is inappropriate to presume that the Charity will continue in business. The trustees are responsible for keeping proper accounting records disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the Corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ACCOUNTANTS A resolution for the re-appointment of Moore Northem Home Counties Limited was passed at the Annual General Meeting held on 25 September 2023. This report has been prepared in accordance with the provisions applicable lo companies subject to the small companies, regime and was approved and signed on t86(024. By order of the board of trustees Sam Seth Chair of trustees
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NIGHTINGALE CANCER SUPPORT CENTRE {'THE COMPANY,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibilitles and basis of report As the charily's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the 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 Act. Independ8nt oxamlner's 8tat8ment The charlty's gross income exceeded £250,000 and I confirm that l am qualified to undertake the examination because l am a member of Ihe Institute of Chartered Accountants of England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come lo my atlenllon In Connection with the examination (other than that disclosed below ') which gives me cause to believe that in. any material respect.. accounting records were not kept in accordance with section 130 of the Charities Act., or 2. the accounts did not accord with the accounting records., or 3. the accounts did not comply with the applicable requirements concerning the form and content of accounts sel 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 I have no concerns and have come acr088 no oth8r mattors In conn8Ctlon wlth the examlnatlon to whlch attention should be drawn In thls report In order to enable a proper und8rstandlng of the accounts to be reached. Slgned: Francls Corbishley Institute of Chartered Accountanls of England and Wales Moore Northern Home Counties Limited East Wing Goffs Oak House Goffs Lane Hertfordshire EN7 5BW
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) Unrestrlcted Restricted Total 2022 Note INCOME Donations and legacies Activities for raising funds Investments 247,775 132,000 71,561 15,752 263,527 132,000 71,561 160,247 129,760 72,856 2b 2c Total Income 467 088 362,863 EXPENDITURE Ralsing funds 3a 118.773 563 119,336 95,770 Charitable actlvltles 3b 303,682 15,189 318,871 274,442 Total expendlture 422,455 438 207 370 212 Net Incomellexpendlture) and net movement In funds for the year 28,881 28,881 (7,349) RECONCILIATION OF FUNDS Balance brought forward 617 565 624 914 Balance carrled forward 646 446 646 446 617 565 The notes on pages 11 to 19 form part of these accounts. The Statement of Financial Activilies includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) BALANCE SHEET 2023 2023 2022 2022 Note FIXED ASSETS Tangible fixed assets Investmenls CURRENT ASSETS Debtors Cash at Bank and in Hand 131,491 544,484 675,975 265,088 417,924 683,012 CREDITORS.. AMOUNTS DUE WTHIN ONE YEAR NET CURRENT ASSETS 646,445 617,564 TOTAL ASSETS LESS CURRENT LIABILITIES 617 565 Represented by.. UNRESTRICTED FUNDS General Contingency Resep4e 10 396,446 250 000 367,565 250 000 646 446 617 565 For the year ended 31 December 2023 the company was entitled to exemption from audit under S477 of the Companies Act 2006 (the Act) relating to small companies. The members have not required the company to obtain an audit of its accounts for the year under S476. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The trustees have prepared accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating lo small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes on pages 11 to 19 form part of these accounts. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 I q1 2024. Sam Seth Chalr of Trustees 10
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) NOTES TO THE FINANCIAL STATEMENTS STATUS OF COMPANY The company is registered under the Companies Act 2006 as a company limited by guarantee and not having a share capital. The company is a registered charity (number 1094435). Each member of the company, in the event of the company being wound up. has limited liability of up to £10. ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources ofestimation uncertainty in the preparation of the financial statements are as follows.. a) BASIS OF PREPARATION The financial statements are prepared in accordance with Financial Reporting Standard 102 as issued by the Financial Reporting Council, the Statement of Recommended Practice "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {effeclive 1 January 2021) (Charities SORP (FRS1021) and the Charities Act 2011. They are prepared on the hislorical cost basis. The Charity meels the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hislorical cost or transaction value unless othemise slated in the relevant accounting policy note. b) INCOME Income is recognised when the charity has entitlement to the funds, any performance conditlons attached to the ilem(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. For legacies. entitlement is taken as the earlier of the date on which either.. the charity is aware that probate has been granted, Ihe estate has been finalised and notification has been made by the executor{sl to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and Ihe criteria for income recognition have not been met, then the legacy is treated as a Contingent asset and disclosed if material. Gift Aid income is recognised when entitled, receipt is probable and when the amount can be recognised with reasonable accuracy. In accordance with the Charities SORP (FRS 102). the economic contribution of general volunteers is not recognised in the accounts. We are very grateful to the contributions made by our volunteers in providing various support services and counselling. c) INTEREST RECEIVABLE Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the ¢harity', this 1$ normally upon notificalion of the interesi paid or payable.
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 {Company No. 4515844) NOTES TO THE FINANCIAL STATEMENTS d) DEBTORS Trade and other debtors are recognised at the settlement amount due after any trade discounl offered. Prepayments are valued at the amount prepaid net of any trade discounts due. e) CREDITORS AND PROVISIONS Creditors and provisions are recognised where the charity has a psent obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. FINANCIAL INSTRUMENTS The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inits'ally recognised at transaction value and subsequently measured at their settlement value. g) FUND ACCOUNTING Unrestricted funds are available to spend on activities that further any of the purposes of the charlty. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are amounts which have been specffied for use for particular areas of the charity's work or for specific projects being undertaken by the charity. The nature and purpose of each fund is explained in note 10 to the financial statements. h) EXPENDITURE Expenditure is recognised once there is a legal or constructlve obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Costs of raising funds comprise the costs of commercial trading and associated support costs. Expenditure on charitable activities includes the costs of all activities undertaken to further the purposes of the charity and their associated support costs. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Supporl costs include office costs, finance, personnel, payroll and governance cosls which support the charity's programmes and activities. These costs have been allocated belween costs of raising funds and expenditure on charitable activities as set out in note 4. i) TANGIBLE FIXED ASSETS Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated lo write off the costs of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Improvements to leasehold property - over the life of the lease Assets greater than £1,000 are capitalised. 12
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) NOTES TO THE FINANCIAL STATEMENTS i) INVESTMENTS Investments are stated at cost at the balance sheet date. j) OPERATING LEASES Rental charges are charged on a straight-line basis over the term ofthe lease. k) GOING CONCERN The Directors assess whether the use of going concem is appropriate, i.e. whether Ihere are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Directors make this assessment in respect of period of one year from the date of approval of the financial statements. The Trustees have Considered the impact of Covid-19 pandemic on the Charity and do not believe there to be any change in the going concern of the Charity. The Directors conclude that there are no material uncertainties about the Charity's ability to continue and accordingly the financial statements are prepared on a going concern basis. CRITICAL JUDGEMENTS AND ESTIMATES There are no significant areas of judgement or key assumptions and uncertainty that effect items in the financial slatements with respect to the next reporting period for the year ended 31 December 2023.. 2a DONATIONS AND LEGACIES 2023 Tota5 2022 Total Unre8trlcted Re8trlcted Donatlons Gift Aid refunded Trusts and grants Legacies 104,284 5,700 57,491 104,284 5,700 73.243 84,299 5,126 31,190 15,752 247 775 263,527 160 247 In 2022, £152,963 of trusts and grants income was unrestricted and £7,284 was restricted. 2b ACTIVITIES FOR RAISING FUNDS 2023 Total 2022 Total Unrestricted Restrlcted Fundraising events 132,000 132000 132,000 132 000 129,760 129760 In 2022, all investment income was unrestricted. 13
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 {Company No. 4515844> NOTES TO THE FINANCIAL STATEMENTS 2c INVESTMENT INCOME 2023 Totsl 2022 Total Unrestrlcted R8stricted Interest income Gift Aid receivable from subsidiary 2,897 68,664 71.561 2,897 68,664 71,561 1,096 71,760 72,856 In 2022, all investment income was unrestricted. The charity also benefits from the involvement and support of its volunteers who make a vital contribution towards their achievements. The wholly owned subsidiary Nighlingale Hospice Trading Limited is incorporated in the United Kingdom (company number 07098712) and pays all of its profits to the charity under the gift aid scheme. Nightingale Hospice Trading Limited operates three shops on behalf of the charity. ANALYSIS OF EXPENDITURE 2023 Total 2022 Total Unrestrlcted R8strlcted 3a> Costs of raising funds Fundraising costs Support costs 54,761 64.012 118773 54,761 563 64,575 563 119 336 49,083 In 2022, £95,164 of expenditure was unrestricted and £606 was restricted. 3b) Charitable activities Services provided Support costs Governance costs 102,835 192,037 13.500 116,335 1,689 193,726 86,931 180,941 303 682 15 189 318 871 274 442 In 2022, £267.764 of expenditure was unrestricted and £6,678 was restricted. 3cl Governance costs Accounting Independent review 6,350 6,350 2,460 4,530 2,040 6,570 In 2022, all expenditure was unrestricted. 14
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) NOTES TO THE FINANCIAL STATEMENTS SUPPORT COSTS Fundraislng Charitable Activity Activity Total Cost 2022 Salaries Rent Office expenses Stationery Telephone Insurance Postage Printing Utilities Premises Miscellaneous 36,749 7,000 1,473 397 1,500 1,288 120 332 1,744 2,301 11,671 110,246 146,995 21.000 28,000 4.418 5,891 1,191 1,588 4,501 6,001 3.863 5,151 359 479 995 1,327 5,231 6,975 6,904 9,205 35.018 193.726 258 301 123,021 26,719 5,258 640 5,034 4,694 1,328 5,289 5,484 4,773 45,388 227 628 In 2022, support costs were split between £46,687 fundraising and £180,941 charitable activities. Of the costs allocated to fundraising, £606 were allocated to restricted and £46,081 to unrestricted. Of the costs allocated to charitable activities, £2.424 were allocated to restricted and £178,517 to unrestricted. PAID EMPLOYEES 5a) Staff costs 2023 2022 Gross wages Employer's national insurance costs Employer's pension 196,405 12,060 3,978 212,443 161,993 10,690 3,663 176,346 There were no employees with emoluments over £60,000. The trustees did not receive any emoluments or reimbursement of expenses. The key management personnel comprise the trustees and Director of Services and Development. The total employee benefits of the key management personnel were £55,982 (2022 - £54,245). 5b) Average number of full-time equivalent employees in the year 2023 2022 Fundraising Charilable activities 15
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) NOTES TO THE FINANCIAL STATEMENTS 6 TANGIBLE FIXED ASSETS Leasohold improvements Cost At 31 December 2022 and 2023 150 717 D8preclatlon At 31 December 2022 and 2023 150 717 Net Book Value At 31 December 2022 and 2023 7 INVESTMENTS Cost At 31 December 2022 and 2023 The charity holds 1 share of £1 in its wholly owned trading subsidiary company Nightlngale Hospice Trading Limited. These are the only shares allotted, called up and fully paid. DEBTORS 2023 2022 Prepayments Accrued income Owed by subsidiary undertaking Other debtors 7.000 9.209 105,848 9,434 131491 7,000 17,377 232,378 265 088 16
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) NOTES TO THE FINANCIAL STATEMENTS CREDITORS 2023 2022 Trade creditors Social security and other taxes Accruals and deferred income Other creditors 7,219 1,144 17,393 17,639 949 44,840 Creditors includes deferred income of £10,000 {2022: £38,971) related to 1(2022'. 3) grants received in advance. Deferred income brought foTward Deferred income released Incoming resources deferred Deferred income carried forward 38,971 (28,971) 11,680 (1,680) 28,971 10 ACCUMULATED FUNDS Openlng Balance Expend- Iture Closlng Balance Income Reslricled Funds Unreslricted Funds General Fund Designated Funds Contingency Resenie 367,565 451,336 422,455 396,446 250 000 617 565 250 000 646 448 451336 422 455 Total Funds 617,565 467,088 438,207 646,446 The Restricted Funds was one grant tovmrds services and one towards the premises. The Designated Fund for the Contingency Reserve represents the fund which has been set up by the trustees to manage risk of uncertainty. 17
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) NOTES TO THE FINANCIAL STATEMENTS 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Flxed Net Current Assets Assels Total 2022 Restricted Funds Unrestricted Funds 646,445 646.446 617,565 Total Funds 646 445 646 446 617 565 12 TAXATION The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 ofthe Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 13 PENSION SCHEME The company offers a stakeholder pension scheme to all employees. 14 CAPITAL COMMITMENTS There were no capitsl commitments al the balance sheet date. 15 CONTINGENT LIABILITIES There were no contingent liabilities at the balance sheet date. 16 OPERATING LEASE COMMITMENTS Lessee Al the reporting end date the Company had outstanding commitments forfuture minimum lease payments under non-cancellable operating leases in respect to land and buildings, as follows.. 2023 2022 Payable.. Wilhin one year Between one and five years 28,000 64,630 28,000 92,630 92,630 120 630 18
THE NIGHTINGALE CANCER SUPPORT CENTRE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Company No. 4515844) NOTES TO THE FINANCIAL STATEMENTS 17 RELATED PARTY TRANSACTIONS Nighlingale Hospice Trading Limited, a wholly owned subsidiary of the Charity, intends to donate its annual taxable profit of £68,664 {2022'. £71.761 J to the Trust. At the year-end debtors include £68,664 (2022.. £71,761) in respectofdonationsto be received from Nightingale Community Hospice Trading. It also includes £37,184 {2022.' £160,617) in respect of money paid out by the Trust on the company's behalf. 18 LIABILITY OF MEMBERS The charity is a company limited by guarantee and as such each member has guaranteed lo contribute a sum not exceeding £10 to the assets ofthe company in the eventof it being wound up and unable to pay its debts. 19