2023-11-30-accounts

CONTENTS		Page
Report ofthe Chair ofTrustees		1-2
Trustees' report		3 —8
Independent auditof s report		9 —12
Statement offinancial activities		13
Summary ofincome and expenditure	account	14
Salance Sheet		15
Statement ofcash flows		16
Notes to the financial statements		17-3I
Legal and administrative information		32

==> picture [72 x 23] intentionally omitted <==

				Unrestricted	Resbicted	Endowment	Total	Total
				funds	funds	funds	2023	2022
			Notes		5	E	F
Income and endowments		from.
Donations and legacies			3	1,487,545	139,277	12,500	1,639,322	1,399,429
Other trading activities-
fundraising events				9,063			9,063	20,473
Investments				10,151		22,327	32,478	23,110
Other income				6,500			6,500
Total income and endowments				1,513,259	139,277	34,827	1,687,363	1,443,012
~ECht
Raising funds			7	369,981		1,347	371,328	396,388
Charitable activities			8	1,301,625	140,806		1,442,431	1,351,648
Other			11	14,934			14,934	12,845
Total resources expended				1,686,540	140,806	1,347	1,828,693	1,760,881
Net gains/(losses) on investments			13	23,322		(19,616)	3,706	(57,606)
Net (outgoing)/incoming
resources before transfers				(149,959)	(1,529)	13,864	(137,624)	(375,475)
Gross transfers between	funds			21,101		(21,101)
Net movement in funds				(128,858)	(1,529)	(7,237)	(137,624)	(375,475)
Fund balances at 1 December
2022				1,981,914	3,799	705,824	2,691,537	3,067,012
Fund balances at 30 November
2023				1,853,056	2,270	698,587	2,553,913	2,691,537

		All income funds
		2023	2022
Gross income		1,652,536	1,409,607
Gains/(losses) Transfer from	on investments endowment funds	23,322 21,101	(41,189) 19,370
Total income	in the reporting period	1,696,959	1,387,788
Total expenditure from income funds		1,827,346	1,759,424
Net expenditure for the year		(130,387)	(371,636)

				2023	2022
			Notes		F
Fixed assets
Tangible assets Investments			14 15	309,445 698,587	360,741 705,824
				1,008,032	1,066,565
Current assets
Debtors			17	385,203	330,125
Investments Cash at bank and in	hand		15	797,883 502,800	883,625 591,263
Creditors: amounts	falling due within			1,685,886	1,805,013
one year			18	(140,005)	(180,041)
Net current assets				1,545,881	1,624,972
Total assets less current liabilities				2,553,913	2,691,537
Capital funds
Expendable endowment		funds	22	698,587	705,824
Income funds
Restdicted funds Unrestricted funds			20	2,270 1,853,056	3,799 1,981,914
				2,553,913	2,691,537

				2023		2022
			Notes
Cash flows from operating		activities
Cash absorbed by operations			27		(217,708)		(118,150)
Investing	activities
Purchase Proceeds	oftangible fixed assets from disposal oftangible fixed					(29,658)
assets				6,501
Purchase Proceeds	of investments from disposal of	investments		(12,481) 104,515		(12,642) 52,123
Investment	income received			32,478		23,110
Net cash	generated from investing
activities					131,013		32,933
Net cash	used in financing	activities
Net decrease in cash and		cash equivalents			(86,695)		(85,217)
Cash and	cash equivalents	at beginning	ofyear		592,380		677,597
Cash and	cash equivalents	at end ofyear			505,685		592,380
Relating to:
Cash at bank and in hand Short term deposits included		in current asset			502,800		591,263
investments					2,885		1,117

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			Unrestricted	Restricted	Endowment	Total	Total
			funds f	funds f	funds f	2023 f	2022 f
Individual Individual	donations donations	through	376,442		12,500	388,942	257,317
fundraising Corporate Legacies Charities	events donations receivable and trusts		121,985 156,743 24,752 807,623	139,277		121,985 156,743 24,752 946,900	61,878 302,276 29,373 748,585
			1,487,545	139,277	12,500	1,639,322	1,399,429
For the year ended		30November
2022			1,237,360	149,569	12,500		1,399,429

						Unrestricted	Unrestricted	Unrestricted
							funds	funds
							2023	2022
							f	f
Fundraising	events						9,063	20,473
Income from investments
		Unrestricted	Endowment		Total	Unrestricted	Endowment	Total
		funds	funds			funds	funds
		2023 f	2023 f		2023 f	2022 f	2022	2022f
Investment	income	10,151	22,327		32,478	2,205	20,905	23,110

									Unrestricted	Unrestricted
									funds	funds
									2023	2022
									K	F
Net gain on disposal oftangible					fixed assets				6,500
Raising funds
							Unrestricted	Endowment	Total	Total
							funds	funds	2023	2022
										F
Fundraisin		and	ublicit
Fundraising		costs to support young				people with
cancer Staff costs							98,287 211,747		98,287 211,747	133,011 182,230
Support costs							56,849		56,849	75,724
Fundraising		and publicity					366,883		366,883	390,965
Investment		mana	ement				3,098	1,347	4,445	5,423
							369,981	1,347	371,328	396,388
For the year ended 30 November						2022
Fundraising		and publicity					390,965			390,965
Investment		management					3,966	1,457		5,423
							394,931	1,457		396,388
Charitable		activities
									2023f	2022
Direct costs Staff costs		ofsupporting		young	people with cancer				711,779 539,672	678,289 460,812
Support cost recharge									190,980	212,547
									1,442,431	1,351,648
Unrestricted Restricted	funds funds								1,301,625 140,806	1,191,889 159,759
									1,442,431	1,351,648

				2023	2022	Basis ofallocation
				6	6
Depreciation				22,488	20,953	Resources expended
Insurance				4,981	4,931	Resources expended
Rent and	property costs			54,497	49,910	Office space
Administration			and stationery	10,322	13,200	Resources expended
Database		and	communications	25,711	58,239	50:50shared cost
Telephone,		IT	and computer costs	55,024	63,138	Resources expended
Accounting				9,195	9,839	Resources expended
Advisory	services			44,572	33,350	Resources expended
Bank and		card	charges	4,583	3,560	Resources expended
Other support			costs	16,456	31,151	Resources expended
				247,829	288,271
Analysed	between
Fundraising				56,849	75,724
Charitable		activities		190,980	212,547
				247,829	288,271

Governance costs	Governance costs	2023 8	2022f
Trustee Auditor's	liability insurance remuneration	1,564 13,370	1,505 11,340
		14,934	12,845

The average	monthly number ofemployees during th	e year was as below.
		2023	2022
		Number	Number
Full time		18	16
Part time		3	3
Total		21	19
Employment	costs	2023	2022
		F	E
Wages and salaries		663,771	571,531
Social securiity costs		53,623	43,522
Other pension	costs	34,026	27,989
		751,420	643,042

2023	2022
Number	Number

		Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
Gains/(losses)	arising on:	E		6	E	E	E
Sale ofinvestments		23,322	(19,616)	3,706	(41,189)	(16,417)	(57,606)

14	Tangible fixed assets	Tangible fixed assets
			Sailing craft	Improvements	ITequipment	Motor	Total
				to leasehold		vehicles
				property
				6
	Cost
	At 1 December 2022		516,328	85,083	36,611	72,899	710,921
	Disposals			(84)	(19,183)	(18,111)	(37,378)
	At 30 November 2023		516,328	84,999	17,428	54,788	673,543
	Depreciation and impairment
	At 1 December 2022		228,922	57,954	28,037	35,267	350,180
	Depreciation charged	in the year	28.807	11,728	3,912	6,848	51,295
	Eliminated in respect ofdisposals			(84)	(19,183)	(18,110)	(37,377)
	At 30 November 2023		257,729	69,598	12,766	24,005	364,098
	Carrying amount
	At 30 November 2023		258,599	15,401	4,662	30,783	309,445
	At 30 November 2022		287,406	27,129	8,574	37,632	360,741

			Investments
			6
Cost orvaluation
At 1 December 2022			1,589,449
Additions			12,481
Valuation changes Movement in cash available Disposals	for investment		(2,713) 1,768 (104,515)
At 30 November 2023			1,496,470
Carrying amount
At 30 November 2023			1,496,470
At 30November 2022			1,589,449
		2023	2022
Fixed asset investment		698,587	705,824
Current asset investment		797,883	883,625
		1,496,470	1,589,449

15	Fixed asset investments	Fixed asset investments					(Continued)
						2023	2022
	Investments at fair value comprise:
	Global Equities Multi Asset Funds Cash available for investment					504,550 989,035 2,885	519,500 1,068,832 1,117
						1,496,470	1,589,449
16	Financial instruments					2023	2022
						6	6
	Carrying amount offinancial		assets
	Instruments measured	at fair value through		profit or loss		2,233,887	2,365,801
	Carrying amount offinancial		liabilities
	Measured at amortised	cost				140,005	175,041
17	Debtors
						2023	2022
	Amounts falling due	within one year:				F	6
	Grants and donations	receivable				216,097	112,500
	Gift aid debtor Other debtors					2,416 16,104	32,407 40,182
	Prepayments and accrued income					150,586	145,036
						385,203	330,125
18	Creditors: amounts falling due within one			year
						2023	2022
					Notes
	Other taxation and social security Deferred income Trade creditors Other creditors Accruals				19	16,687 92,112 11,676 19,530	12,652 5,000 133,257 7,274 21,858
						140,005	180,041

19	Deferred	income
						Balance at 1	Released to	Newfunds	Balance at30
						December	income	received	November
						2022			2023
						8	6
	Donations	towards	2023	summer	activities	5,000	(5,000)
						5,000	(5,000)

		At 1	Incoming	Resources	Transfers	At 30
		December	resources	expended		November
		2022				2023
						6
English Regions Trips		3,799	16,175	(19,974)
Scottish Trips			28,601	(28,601)
Equipment and Capital
Expenditure			400			400
Staff Salaries, Training	and
Development			36,452	(34,582)		1,870
First Time Trips			34,929	(34,929)
Other Specific Trips			22,720	(22,720)
		3,799	139,277	(140,806)		2,270
Previous year:		At 1	Incoming	Resources	Transfers	At 30
		December	resources	expended		November
		2021f				2022
English Regions Trips			62,902	(55,133)	(3,970)	3,799
Scottish Trips			8,500	(8,500)
Staff Salaries, Training	and
Development			20,855	(20,855)
Large to Cowes Cycle	Ride	25,000	622	(25,622)
First Time Trips and Voyages			30,771	(30,771)
Other Specific Trips			25,919	(18,878)	(7,041)
		25,000	149,569	(159,759)	(11,011)	3,799

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	Unrestricted	Unrestricted	Restricted	Endowment	Total
		funds	funds	funds
		2023	2023	2023	2023
		8	8		8
Fund balances at30 November	2023 are represented	by:
Tangible assets		309,445			309,445
Investments				698,587	698,587
Current assets/(liabilities)	1,543,611		2,270		1,545,881
	1,853,056		2,270	698,587	2,553,913
	Unrestricted		Restricted	Endowment	Total
		funds	funds	funds
		2022	2022	2022	2022
		8	6	8
Fund balances at 30 November	2022 are represented	by:
Tangible assets		360,741			360,741
Investments				705,824	705,824
Current assets/(liabilities)	1,621,173		3,799		1,624,972
	1,981,914		3,799	705,824	2,691,537

	2023	2022
	8	8
Within one year Between two and five years	28,612 15,434	36,646 44,046
	44,046	80,692

27	Cash generated from operations				2023	2022
					8
	Deficit for the year				(137624)	(375475)
	Adjustments for:
	Investment income recognised in statement offinancial Gain on disposal oftangible fixed assets Loss on disposal of investments Depreciation and impairment oftangible fixed assets			activities	(32,478) (6,500) 2,713 51,295	(23,110) 57,606 53,619
	Movements in working capital:
	(Increase)/decrease in debtors (Decrease)/increase in creditors (Decrease) in deferred income				(55,078) (35,036) (5,000)	55,311 119,421 (5,522)
	Cash absorbed by operations				(217,708)	(118,150)

Trustees				Ms CAmaladoss	Ms CAmaladoss
				MrJ R Burnie
				Mr P Cazalet
				Ms E L Francis
				Ms J Gdindley
				Dr D Hobin
				Dame E MacArthur		DBE
				Mr D N Mohyuddin
				Mr M Piuves
				Mr M A Stevens
Secretary				Mr M A Stevens
Senior management				Mr FFletcher			Chief executive officer
Charity number		(England	and Wales)	1096491
Charity number		(Scotland)		SCO44013
Company	number			04597114
Registered	office			Units 53-57
				East Cowes Marina
				Off Britannia Way
				East Cowes
				Isle ofWight
				PO32 6DG
Auditor				Moore (South) LLP
				Suite 3,Second	Floor
				Friary Court
				13-21 High Street
				Guildford
				Surrey
				GU13DG
Bankers				Lloyds Bank Pic
				30Commercial	Road
				Totton
				Southampto n
				SO40 3TH
Solicitors				Payne Hicks Beach
				10New Square
				I incoln's Inn
				London
				WC2A 3QG