## ## |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| ||||E
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4I|| ## ## ## ||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||||