2022-11-30-accounts

CONTENTS				Page
Report ofthe Chair	ofTrustees
Chief Executive's report
Trustees' report
Independent audttoys	report			9 —12
Statement offinancial	activities
Summary of income	and	expenditure	account	14
Balance Sheet				15
Statement ofcash flows				16
Notes to the financial	statements			17-32
Legal and administrative		information		33

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	2022	2021
			Notes	6	6	f	6
Income from:
Donations and legacies				1,237,360	149,569	12.500	1,399,429	1,767.158
Other trading activities-
fundraising events				20,473			20,473	6,099
Investments				2.205		20,905	23,110	18,598
Total income and	endowments			1,260.038	149,569	33,405	1,443,012	1,791,855
Raising funds				394,931		1,457	396,388	286,984
Charitable activities			7	1,191,889	159.759		1,351,648	1,012,438
Other			10	12,845			12,845	11,880
Total resources expended				1,599.665	159.759	1,457	1,760.881	1,311,302
Net gains/(lasses)	on investments		12	(41,189)		(16.417)	(57,606)	208,442
Net (outgoing)/incoming
resources before	transfers			(380.816)	(10,190)	15.531	(375,475)	688,995
Gross transfers between		funds		30,381	{11,011)	(19,370)
Net movement in	funds			(350,435)	(21,201)	(3,839)	(375,475)	688,995
Fund balances at 1 December
2021				2,332.349	25.000	709,663	3,067,012	2,378,017
Fund balances at	30 November
2022				1,981,914	3,799	705,824	2,691,537	3,067,012

				Ag income funds
				2022	2021
				6	6
Gross income				1,409,607	1,773.280
(Losses)/gains	on tnvestments			(41,189)	122,151
Transfer from	endowment	funds		19,370	16,931
Total income	in the reporting		period	1,387,788	1,912,362
Total expenditure from income funds				1,759,424	1,310,116
Net (expenditure)/income			for the year	(371,636}	602,244

				2022	2021	2021
			Notes	6	6	6
Fixed assets
Tangible assets			13	360,741		384,702
Investments			14	705,824		709,663
				1,066,565		1,094,365
Current assets
Debtors			16	330,125	385,436
Investments			14	883,625	980,742
Cash at bank and in	hand			591,263	674,986
				1,805,013	2,041,164
Creditors: amounts	falling due within
one year			17	(180,041)	(68,517)
Net current assets				1,624,972		1,972,647
Total assets less current liabiliges				2,691,537		3,067,012
Capital funds
Expendable endowment		funds	20	705,824		709,663
income funds
Restricted funds Unrestricted funds			19	3,799 1,981,914		25,000 2,332,349
				2,691,537		3,067,012
The 5nancial statements		were approved	by the Trustees on ..!.......8/?..i~

						2022		2021
					Notes	6
Cash flows from operating			activities
Cash (absorbed by}/generated			from		25
operations							(118,150)		147,424
Investing	activities
Purchase	oftangible fixed assets					(29,658)		(29,916)
Purchase	ofinvestments					(12.642)		(731.370)
Proceeds	from disposal of	investments				52,123		302,553
investment	income received					23,110		18598
Net cash	generated froml(used			in)
investing	activities						32,933		(440,135)
Net cash	used in financing		activities
Net decrease in cash and		cash		equivalents			(85217)		(292,711)
Cash and	cash equivalents	at beginning			ofyear		677,597		970,308
Cash and	cash equivalents		at end of		year		592,380		677,597
Relating to:
Cash at bank and in hand							591,263		674,986
Short term deposits induded			in current		asset
mvestments							1,117		2,611

			Unrestricted	Restricted	Endowment	Total	Total
			funds 6	funds f	funds 6	2022f	2021 6
Individual	donations		244,817		12,500	257,317	271,605
individual	donahons	through
fundraising	events		61,878			61,878	81,077
Corporate	donations		302,276			302,276	277,673
Legacies	receivable		29,373			29,373	11,000
Chanties	and trusts		599,016	149,569		748,585	1,125.803
			1,237,360	149,569	12,500	1,399,429	1,767,158
For the year ended		30 November
2021			1,585,391	181,767			1,767,158

		Unrestricted	Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
			funds	funds		funds	funds
			2022	2022		2021	2021	2021
			f	5		5	5	F
Investment	income		2,205	20,905	23,110	23	18,575	18,598
Raising funds
					Unrestricted	Endowment	Total	Total
					funds	funds	2022	2021
						5		5
Fundraising	costs to support young people with
cancer					133,011		133,011	50,426
Staff costs					182,230		182.230	175,496
Support costs					75.724		75,724	57,421
Fundraising	and publicity				390,965		390.965	283,343
					3,966	1,457	5423	3,641
					394,931	1,457	396,388	286,984
For the year ended 30		November	2021
Fundraising	and publiaty				283,343			283,343
Investment	management				2,457	1,184		3,641
					285,800	1,184		286,984

			2022f	2021 5
Direct costs ofsupporting		young people with cancer	678.289	397,155
Staff costs			460,812	435537
Support cost recharge			212,547	179,746
			1.351,648	1,012,438
Unrestricted	funds		1,191,889	844,770
Restncted	funds		159,759	167,668
			1,351,648	1,012,438

Support	c	ost	s
				2022	2021	Basis ofallocation
					5
Depreciation				20,953	16.262	Resources expended
Insurance				4,931	1.050	Resources expended
Rent and	property costs			49,910	52,423	Office space
Administration			and stationery	13,200	13,476	Resources expended
Database		and	communications	58,239	30,137	50.50 shared cost
Telephone,		IT	and computer costs	63.138	61,335	Resources expended
Accounting				9,839	11,048	Resources expended
Advisory	services			33,350	34,238	Resources expended
Bank and		card	charges	3,560	4,703	Resources expended
Other support			costs	31,151	12,495	Resources expended
				288 271	237,167
Analysed		behveen
Fundraismg				75,724	57,421
Charitable		activities		212547	179,746
				288,271	237,167

				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021
Governance		costs
Trustee	liability insurance			1,505		1,505	1,080
Auditor's	remuneration			11,340		11,340	10,800
				12,845		12,845	11,880
For the	year	ended 30November	2021	1,980	9,900		11,880

The average	monthly number ofemployees during th	e year was as below.
		2022	2021
		Number	Number
Full time		16	17
Part time		3	2
Total		19	19
Employment	costs	2022	2021
		E	E
Wages and salaries		571,531	542,447
Soaal security costs		43,522	41,707
Other pension costs		27,989	27,212
		643,042	611,366

The number	ofemployees	whose annual	remuneration	was more than E60.000
is as follows:
					2022	2021
					Number	Number
E70,001 —E80,000					1	1

12	Net gains/(losses) on investments	Net gains/(losses) on investments	Net gains/(losses) on investments	Net gains/(losses) on investments	Net gains/(losses) on investments
				Unrestricted		Endowment	Total		Unrestricted		Endowment	Total
					funds	funds			funds		funds
					2022	2022	2022		2021		2021	2021
					6			F		6	6	6
	Realised and unrealised
	gains/(lasses) on
	investments and	cash
	equivalents				(41,189)	(16,417)	(57,606)		122,151		86,291	208,442
13	Tangible fixed assets
						Sailing cren Improvements		IT equipment		Motor vehicles		Total
							to leasehold
							property
						6		6		6
	Cost
	At 1 December 2021					516,328	80.211		32,813		51,911	681,263
	Additions						4,872		3,798		20,988	29,658
	At 30 November	2022				516,328	85,083		36,611		72,899	710,921
	Depreciation and impairment
	At 1 December 2021					196,256	46,964		23,611		29,730	296.561
	Depreciation charged		in	the	year	32666	10.990		4,426		5,537	53,619
	At 30 November	2022				228,922	57,954		28,037		35,267	350,180
	Carrying amount
	At 30 November	2022				287,406	27,129		8,574		37,632	360,741
	At 30 November	2021				320,072	33,247		9,202		22,181	384,702
14	Fixed asset investments
												Unlisted
												investments
												6
	Cost or valuation
	At 1 December 2021											1,690,405
	Additions											12,643
	Valuation changes											(57,606)
	Movement in cash available				for investment							(3,870)
	Disposals											(52,123)
	At 30 November 2022											1,589,449
	Carrying amount
	At 30 November	2022										1,589,449
	At 30 November 2021											1,690,405

14	Fixed asset investme	nt	s				(Continued)
						2022	2021
						6
	Fixed asset investment					705,824	709.663
	Current asset investment					883,625	980,742
						1,589,449	1,690,405
						2022	2021
	Charity Multi Asset Fund					530%	51 6'/
	Scottish American Investment			Company		25.7%	22 9%
						2022	2021
						f
	Investments at fair value		comprise
	Global Equities					519,500	519175
	Multi Asset Funds					1,068,832	1,168,619
	Cash available for investment					1,117	2,611
						1,589,449	1,690,405
15	Financial instruments					2022f	2021 6
	Carrying amount offinancial			assets
	Instruments measured	at fair value through			profit or loss	2,022,192	2,269,025
	Carrying amount offinancial			liabilities
	Measured at amortised		cost			175,041	57,995
16	Debtors
						2022	2021
	Amounts falling due	within		one year:			5
	Grants and donations	receivable				112,500	236,092
	Gift aid debtor					32,407	23,364
	Other debtors					40,182	87,956
	Prepayments and accrued income					145,036	38,024
						330,125	385,436

Creditors: amounts falling due within one year
		2022	2021
	Notes	6	6
Other taxation and social security		12,652	11,475
Deferred income	18	5,000	10.522
Trade creditors		133,257	15,629
Other creditors		7,274	7,601
Accrue(a		21.858	23.290
		180041	66,517

Deferred	income
					Balance at 1	Released to	New funds	Balance at 30
					December	income	received	November
					2021f			2022
Donations	towards	2022	summer	activities	10,522	(10,522)
Donations	towards	2023	summer	activities			5,000	5,000
					10,522	(10,522)	5,aao	5,oao

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	2022	2021
	E	E
Within one year	36,646	36.646
Between two and five years	44,046	80,692
	80,692	117,338

Cash gener	ated from	operatio	ns			2022	2021
						E
(Deficit)/surpus for the		year				(375,475)	688,995
Ad/ustments	for:
Investment	income recognised		in statement	of finanmal	activities	(23,110)	(18,598)
Loss/(gate)	on disposal	of investments				57,606	(208,429)
Depreciation	and impairment oftangible fixed assets					53,619	48,550
Movements	in working	capital:
Decrease/(increase) m		debtors				55,311	(286,437)
Increase in	creditors					119,421	2.551
(Decrease)	in deferred	income				(5,522)	(79,195)
Cash (absorbed by)/generated			from operations			(118,150)	147,437

Trustees				Ms CAmaladoss	Ms CAmaladoss
				Mr J R Burnie
				Mr P Cazalet
				Ms J Grindley
				Ms E LFrancis
				Dr D Hobin
				Dame E MacArthur			DBE
				Mr D N Mohyuddin
				Mr M Pluves
				Mr M AStevens
Secretary				Mr M AStevens
Charity number		(England	and Wales)	1096491
Charity number		(Scotland)		SCO44013
Company	number			04597114
Registered	office			Units 53-57
				East Cowes Manna
				Off Bntannia	Way
				East Cowes
				Isle of Wight
				PO32 6DG
Auditor				Moore (South) LLP
				Priory House
				Pilgrims Court
				Sydenham Road
				Guildford
				Surrey
				GU1 3RX
Bankers				Lloyds Bank Pic
				30Commercial		Road
				Totton
				Southampton
				6040 3TH
Solicitors				Payne Hicks	Beach
				10New Square
				Lincoln's Inn
				London
				WC2A 3QG