2021-12-31-accounts

KRESTON "REEVES LUNG CANCER RESEARCH (CHARITY COAIMISSION NO. 1101823) ACCOUNTS 31 DECEMBER 2021

LUNG CANCER RESEARCH (CHARITY COMMISSION NO. 1101823) ACCOUNTS FOR THE YEAR ENDED 31 DECEAI8ER 2021 CONTEKrs PAGE Trt￿tees. Report Indapendent Examlner8' Rwt Accountants. Report Balance Sheel Statement of Ftnancial Aclivthes N(*85 to the Accounts

LUNG CANCER RESEARCH (CHARfiY COMIII8SION NO. 11018231 1101823 As a trust Objocts ofthe aiity E16RA NW3 1PY Robin Tntee Selecuon Introdudlon ofluTrJ

LUNG CANCER RESEARCH (CHARITY COMAIISSlf#l NO. 1101823) TRUSTEE REPORT FOR THE YE￿ ENDED 31 DECEMBER 2021 Purpo tnienUon ofthe dwrlty, uJthe C￿cer{￿a￿v¢S kn the Ilekl. was as m8nUongd to Sup￿1￿9 )Fk ofProfessor Sthl. Not in th8 mèlh(#l inltiThJed byslmmar dw6kn kn the by support lo be In the pUbr￿ dOrn￿n. The ddenyrw for￿¢￿va￿91 r858ar¢hors was that Ythilsi r8search n￿ght eanws) Ilwould breath the PfoViSKrfB of Ihe Wotbngharn Protocd. rwKl¢red ￿￿t￿e¢bjalty toyie HI Fdltr•ANJ th8 08181I18hmonl ol the Lknlty. h1 ￿ wthnti￿ ofluld waknJ frthn tho wb d8cussbn8 were entered into Ihe t(xo) Ir￿￿. In4)8rtsl Cdleg8. t•thith ￿￿np￿1od SIg￿r￿ant work ¢slthi5hnnt of a Rea￿th Insliluts C￿ aTrJ ith Cancer Researdi UK on wryklThJ oround tho Nottowam prcrfoccl. It was Ihw th8t Prolooj c¥ukl b¢ r¢vlW to enabjg to bg Used forre8earch to thryJ. Overlhe yoarB. and vthhaut8nyfirkSrni¥rvJ ¥ffort8. Iw fi￿J9 were 01aL￿rt £105.000.11 InteThlgd lo u58 s￿h fuTrJs lo Inltlate knJal a￿C￿ form of cJasw(aion If Bu￿$$ful. wou chonged vAth the 86tabllshmeni of group Mtlg•kn kn Ewhh law and r8c•nl Jaw allLveATrJ suc octlon8 to be Mo￿10d ￿)re ea¥lty than Ijèfc￿- orthj t•Alh tho 0)mkng Inlo the Ma￿et of lffjga15on hmdlng The trusleoj hBvg now r￿L￿¥•￿ to use tho fixrfl8 avalatAe to take legal WKI otheradvkn lo ra1￿ fityth lund8 to en8bl• fundng on a cly￿k18[aLl0 8cakn. March 2021. a granl 8PFdkalkn If(xn Profesw Sec1 w85 akvoved by th8 Intyte89 for r•88wch targeting the actfvty olthè kfjn8s• RSK4 Ar￿ rts th￿￿$treaM ndHlorn as Th￿81 th8T8pethtcstral¢Blg¥ lor lung canw. The rts￿reh ￿11 requtre the re(￿lIMe￿Id one POBI-doctow resèarch as8ooat&ts four Jarn and c¥)e PhD ￿Uden1 Ilweg and a hall yws. A gr8rf d£430,000. to be pakl u¥er 4 years, was 8￿rded. A Or￿ year In advance m&4è kn Awt 2tr21 fLY£107&X) IIWB ljas boen Inlemalional lawfThi where ho Bpeo8fi*8 in Ihe de¥eJcvf￿nt of ￿sIC￿$ and rebled fThnaal s0￿¢88 od￿ts insuiéts olhor aThl sn Ewopean aTrJ intemational pwons. Intstaè PeTrpeth, ts eledrThK regdaw Jegal ￿$her to the pensicrn indvsty. and Of1￿ LorJ&Jt) & Cclonl81 {r￿ulanCe group, aThJ is fl￿tee ofBevèral fund4 firthJI￿ lfv)se of CarTknidge Colbge6 and Publlc Servte P8n$T￿ Fund) both as irMlepeThkn arnl as thainnan. Hg also pracbces as o cOn￿nerCIal Mediator. was ch￿lMan af amrrtwjst olhers the Rew UselulTheatres aThJ th8 c￿r of Ca￿lsOn.

LUNG CMICER RESEARCH {CHARtTY COMMISSION NO. 1101823) Hewv8 a f(wrthr¢)fttpA5￿II￿ Law>w& t￿j awarded tts wa￿ace Prfze In 1995 aThJ in 1997 ho VAS eloctod the flrst sclLor fr￿￿ary Ihe Pen6)ns Institut8. H8 was %•rd&J the Industry AdI￿￿aa￿d ty P(xWokn I￿lI￿j￿)n in 2013 •¥J was Eurty)ean P￿$M)n$ PeTrona￿tyof the yewn ￿17. Prncll￿. (Sweet & I)￿ PensLm T￿￿teeS (Tth ed. 2013. Thorwfyll aThl Lq edjlor of Penslcw Benefils L&v Rewrts. Hi5 Lav, was putllshod by Bloomsbury ProfessL¥wI in 2008. aThl he Ctsau1￿d Pensi￿ ￿ DNorce (li￿ Leg8tl publBhed ￿ 2010. His mor• fec£nt ￿LS. Pertshm forJvJ and w)UT (xw￿$, (￿1￿￿) H￿1￿￿8 80: Pen5hM8 IBulterwDrtsl were puillsh￿ kn ￿113. 1¥5 sludy d reguww Re(1 Tw.. manggkng ¢uss kn tthv, gulalM)n and the ojurts vfds wbli5hBd by Carrknulge Pr888 kn 3)18. He a n￿thlY colum on penslons Pena¢M Wothj knl¢Nty ￿$. LoTrJon, aTrJ an Occask￿￿ broadcasler cffi r&Jlo aTrJ tdevlskn on matt8r5. Helg a fLTh￿r sdutlorL Jastslr Mwk• Aastslr Meeks 1$ a x4kY. Unll MAY 2ffal kn Pka8nt M8soM wactt88d pensl¢n$ I￿. H8waB cl olth• ABtodalkn ofpeth 2007 to 2Cy3 and18 g F8lkyoflh• Pan￿on9 H8 ad8d In to nwwlMlmArk poth thg ITN (¥Be arwJ 8a8Tnwt￿S v stua forlhè tru8te88 olkngk) Un6ted Scham 8ftd lh8 Dèthn Sd)eme, tn lh8 woceBS help 18 tho 8thr of Tcws Ca8u. th• d•fftdlfv• vA)rk on the I . have to on th8k1>8haU. Robin Trustee

LUNG CANCER RESEARCH ICHARifY COMMISSION NO. 1101824 INDEPENDW EXAMINEFVS REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 I report on the &counls for th8 yearend8d 31st Dgcember 2021 wh￿h are 891 out on pages 6 to 8. 1th6 of 8te•8 ond EXAMI Tho ¢haritys trustees Are r95pon6ible forthe prepardllon olthe The l￿an￿6 trustees consideT that an audltl8 Th)t required for Ihi8 year urnler 3ecli(ffj 144 of the Charilles Acl 20111.lhe Chall￿85 Acri th81 an independent examlnaloon Is needeil. 11 1$ my re8pon$lblNy Sy. - examlne the accounls under secon 14S of the CharflleB Act. - to lollow tho wocedurès Idd down In Ihe g8n8ral DIr8Cl￿ given by the Charlty Cunmlsslon (under sectlon 14515llbl ol the Charflies ACL and . to $tata whathw parttcut#r mgltsr¥ havo comg lo my al￿￿¢￿. My eyaminationwa8 caThied out In ￿c4)rdance wlth general Dlrecucm gfven by thfr Charlty Cotmiknlcffi. An èXAmination cludos B ravlaw olthe Accountlng r8eordg kopt by the d)&rity and a comparison ol (he aCCou￿B presented wilh those recordB.11 al80 IndudeB conslderalton of ￿ unusual Ilems ordlsclosures In the aC￿￿nts, and seeklng 0x￿ana1]￿S from Ihe truste85 concemlng any such malter5. Tha proc8durgs undertaken do nor provide dl Ihe ￿dence that wothd b8 fequlred In an aud6t, and con8equenUy no O￿n￿on Is glven as to %1￿harth0 ￿coUnt8 prg8ènt a'truo and lalrf vlwv the report Is fsmited lo Ihostr maitfjfs set out In Ihp gt8temgnl below. In conn¢¢Uon wlth mytxamlnatton, no matler has corne to my ottenJon:. Whlch glvos me r888onablgcau80 to beuove th81 In any m8terlal r68P8Ct th• r8wir&monls -to kaap accounung rneorda In aeeoTdÈneè Seclon 130 01 lh8 chart￿e8 Acl: and - to wepare accounlg wNch accord wSlh the acc£rtmtlrffJ I￿ord6 ond to compty wmh lh8 le￿LTr￿ng requlremenis oflha Act hMI noi been fflet: or to whlch, kn my oplnlon. attentlon should bo dr8M) in order lo énabl• a propw undèrstAndu ol Ihe acwunlstv bg rgachgd. J E R8vA8, Fci cfA. TEP KTeston Reeves LLP 2nd Ffoor 168 shor8￿￿Gh HkJh Street London EI 8RA

LUNG CANCER RESEARCH (CHARTTYCOMMISSION NO. 1101823) ACCOUNTPJ4TS' REPORT FOR THE YEAR ENDED 31 DECEIIBER 2021 paggs 6 to 8. from the accounting rvL4)rds ollhe Trustees and ￿￿0￿￿110￿ and 6xplanaficTh gtven to us. These 8ccounts have been rxynpned In acctydm wtth the accthjnty wliclgs Sgt out In Nole 1 to tlwo counls. These a0￿Unts InleTrYed ki ￿l[￿Y futy wlh ofUK Gworalty Acceptwj Acc47￿1t(ng PrfndFdeg. emenL Chjr work has been undertaken so that we fflb￿t prepare the accounts. repx)rt thatwe h8v8 dona so and stste Ihos8 matter5 we feel 81x¥JhJ be drawn to the Trust88s' attenllon and for no olher wrp05e. To the fullest 8xtenl pefmiited by law, ￿ do ora55ume respxjnslblkty kn anyon8. olfr￿r lh￿ the Truslees. w)rk orfN thls repo We have out th18 ongaganent fn ac£01￿ Wlth I￿￿n41 ￿IddIn8$188￿d by the Irffjolute Chartered AcC(￿ntants In & Wales aTrJ by the Sc¢i8ty of Tnjst aThJ Eststs Praclltlonars. We have mplled thts reportwith ethka gLddance jahj ty th058 bodles. Wa have not Instructwj to cwry out an aLxlitof Ilwe ￿t￿nIs. For INS reason. we hav0 nol verffied tho accuracy or cc¥nplotongss rf Iho accwnllry re¢￿ts CY ¥if0M￿tion and explanalions glven lo us and wo do Krnston Reeves LLP Chart8r8d Accountsnts 2nd Floor 168 ShNedik Hi￿? Street l￿dOn E16FIA ACCOUNTS APPROVAL CERTHCATE Ri*ln Ellson

LUNG CANCER RESEARCH (CHARrrY COMMISSION NO. 1101823) BALANCE SHEET AS AT 31 DECEMBER 2021 UNREsfRICTED FUNDS UNRESTRICTED FUNDS 31 DKember2021 31 Decembgr2020 Currerbt a$sots MSBC Bank Pl 468.157 416.(#)5 Total cash fvnds 468.157 416.005 Credjtors wlthkn one year Accojntsncyand Independent Examlnalion charges 1.800 2,1Th] 1.800 2.100 413,905 Fund$ oflhe Clwrfty Cash funds broughtloTw8rd. 31 December 2020 W receiptsl{paymenLs) during the year 413.￿5 52,452 56.495 3FI.410 Total fund 66.35 13. Slgned tytheTnthon.... ....... . Robin Ellison Alastair Me

LUNG CANCER RESEARCH (CHARITY COMMISSION NO. 1101K3) srATEmE￿f OF FINANCIAL ACTivrriES18OFA) FOR THE YEAR ENDED 31 DECEMBER 21r21 UNRESTrICTED FUNDS VNRESTRicfED FUNDS 31 D￿ernber 2021 31 Decembgr2020 Bank CtweB reftuKI Donations recelved 161,800 357,863 Totsl Incomlng rosources Resources expondad Ac￿U￿tanCY aNJ In(lependgnl ExaThHnation tharges B￿k chawges 1mpg.rial Colleg8forfundTLg luTrJ cancer re$￿ch 51 107.5LKI Total resowces expended Net mOV8mont In fundg 357.410 Total funds brought fonvard. 31 tle¢ember 21)20 413.905 56.495 T¢)tal fvnds as at310gcomber2021 905

LUNG CANCER RESEARCH (CHARITY COMMISSION NO. 1101823)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

• 1.1 Provision is included for all known current liabilities. Contingent and future liabilities are not included, except where mentioned below by narrative note.

• 1.2 Assets are shown at their value at the balance sheet date.

2 Income Tax (IT), Capital Gains Tax (CGT) and Inheritance Tax (IHT)

• 2.1 The trust, as a charity, is exempt from IT and CGT on its investment income and capital gains. None of the restrictions on this relief, imposed by tax legislation, apply for this year.

• 2.2 The trust is also exempt from IHT while its funds continue to be held or applied for charitable purposes.

3 Donations

The Trustees received the following donations during this year:-

Multiple payments Charities Trust Charitable Giving Charities Aid Foundation Paypal Giving Fund Other Single payments Charities Aid Foundation Donatis Legacies from estates Edith Bennett Pauline Turner Mabel Foster Patricia Regruto	2021 £ 189 190 375 2,226 297 - 61 2,073 102,707 - 53,682 161,800	2020 £ 252 117 - 5,671 - 150 - 15,790 300,000 35,682 -
		357,663

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