## ## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||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| ## ## ## ## ||||Ih
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(h| ## ## ## ||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||||