## A year like no other
**Annual Report and Financial Statements** For the year ended 31st March 2021
## **Contents**
## **Trustees’ Annual Report**
A message from our Chair ................................................................................................................................................................................... 4 About us .................................................................................................................................................................................................................................... 7 Charitable activity ........................................................................................................................................................................................................ 8 Our research ................................................................................................................................................................................................................... 10 Highlights from 2020/2021 ........................................................................................................................................................................... 18 Strategic aims and objectives ....................................................................................................................................................................... 20 Financial review ........................................................................................................................................................................................................... 24 Structure, governance and management ....................................................................................................................................... 26 Reference and administrative details ................................................................................................................................................. 27 Statement of Directors’ responsibilities .......................................................................................................................................... 28
## **Financial statements**
Independent Auditor’s report ..................................................................................................................................................................... 30 Statement of financial activities ................................................................................................................................................................ 33 Balance sheet ................................................................................................................................................................................................................. 34 Statement of cash flows ..................................................................................................................................................................................... 36 Notes to the financial statements ........................................................................................................................................................... 37
**2** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
**3**
## **A message from our Chair**
Well, what a strange year this has been for us all! Words that we have hardly ever used in the past – lockdown, furlough, pandemic, track and trace, and of course, unprecedented – have become part of our everyday vocabulary. For Prevent Breast Cancer, unprecedented is certainly an appropriate word to describe the last year!
In March 2020, as we collectively entered the first lockdown and headed into a new and unknown world, the charity was forced to cancel all of the events planned for the year. This had a catastrophic effect on our income, which plummeted almost overnight. Because so much of our fundraising depends on activities in which you, our supporters, take part in and champion, our opportunities to generate income were severely diminished.
As a result, the most immediate and pressing impact the lockdown had on Prevent Breast Cancer was to create the need to cut costs wherever possible, in order to protect the little income we had remaining.
Inevitably, we had to put some of our team into the furlough scheme and put plans for new recruitment on hold. However, it was important for us to keep a core team functioning behind the scenes and to keep the office open in the Centre. Therefore, the model of furlough that we chose was a flexible and rolling scheme.
This allowed our team periods of time off, followed by periods of time back at work, so that essential services could continue, relationships with our supporters could be maintained and the charity’s public profile was not lost. The other big cost saving measure that we had to adopt, in common with other cancer charities such as Cancer Research UK and Breast Cancer Now, was to immediately stop the pipeline of funding for new research grant applications.
But behind the scenes, there was good news.
The Prevent Breast Cancer team became amazingly creative with new ideas and fundraising campaigns so that, to our surprise, our level of income each month was much higher than the pessimistic predictions we initially forecasted. As a consequence, we were able to continue funding research grants which were already active, protecting scientific developments already in progress.
In addition, we switched our emphasis to developing health awareness campaigns, responding to clinical problems such as the backlog in breast screening, and the reluctance of women around the country to come forward if they found a lump or other symptom due to the impact of the pandemic on the NHS. One particularly successful initiative was the development of our Update Hour series, in which experts in various fields were interviewed on relevant topics – broadcasting directly on our YouTube channel and our Facebook page.
The lockdown also came at a bad time for a major new initiative which we are supporting, namely the creation of a national training academy for breast cancer imaging specialists (see page 14 for more on this project). The National Breast Imaging Academy (NBIA) is designed to be a physical building located alongside the existing Nightingale Centre and Prevent Breast Cancer Research Unit.
The focus of the NBIA is the training of mammography radiographers and breast imaging specialist radiologists, to combat a growing national shortage of practitioners in this specialty. Prior to the pandemic, the NBIA had been identified as a top priority for the charity and we are delighted to have designated £150,000 of our free reserves towards this capital project. This, too, has been a major achievement for us, as we were initially fearful that we would need to use the entirety of these reserves to keep the charity running through lockdown. However, with prudent housekeeping and cost-cutting, coupled with the new fundraising initiatives from the team, we have managed to keep most of our reserves intact, allowing us to make this commitment.
As we look ahead to the next year, much uncertainty remains and it appears unlikely that we will return to our previous income level in the next year.
We therefore see the year ahead as a time of consolidation and of investment in the infrastructure of our team so that we can rebuild and come back strong in 2022. It also looks like we will be able to open up the pipeline of new research projects within the next few months, inviting applications for the next round of exciting research into the early diagnosis and prevention of breast cancer: the very reason we exist. That research is already bearing fruit and propelling us towards the day when breast cancer becomes a preventable disease. May that day come soon.
**Lester Barr MBE** Chair of Prevent Breast Cancer
**4** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
**5**
## 1 IN 9
women and 1 in 1,000 men in the UK will develop breast cancer in their lifetime
Breast cancer is the biggest cause of 3% death in women aged between 35 and 49 In the last 10 years, female incidence rates have increased by 3%
24% 1 IN 10 breast cancers are diagnosed late
In the UK, breast cancer rates in women have increased by 24% in the last 30 years
Just 5% of government healthcare expenditure is allocated to preventive care of all diseases*
## About us
## **Our mission: Predict, Prevent, Protect**
Prevent Breast Cancer’s mission is to make breast cancer a preventable disease for future generations by funding ground-breaking research into the prediction and prevention of the disease. Breast cancer is the most common cancer in women, with approximately 1 in 9 women diagnosed with it in their lifetime. This means that every year in the UK, over 55,900 individuals are diagnosed – that equals 150 people a day. Each year we lose 11,547 people to this disease. **If we could prevent breast cancer tomorrow, by 2031 over 550,000 women would never receive a devastating breast cancer diagnosis.**
## WE PREDICT WE PREVENT WE PROTECT
Prevent Breast Cancer is located in The Nightingale Centre and Prevent Breast Cancer Research Unit, the construction of which the charity raised £2million for and which opened in 2007. The Centre houses the services of the Greater Manchester NHS Breast Screening Programme and family history clinic. It also acts as a base for several of our researchers, whose innovative clinical studies aim to more accurately predict those at risk of breast cancer, so that preventative interventions can be offered to women. Locating our home within the Centre ensures that there is a diverse cohort of breast cancer patients available to participate in our research.
## Public benefit
Our Trustees are aware of the Charity Commission’s guidance on public benefit. As the work of the charity and the funds it raises are entirely dedicated to research into breast cancer early diagnosis, screening and prevention, the Trustees are of the view that the charity meets the public benefit test criteria.
## Grant making policy
Our grant making seeks to further the prediction, prevention and early diagnosis of breast cancer, particularly in terms of supporting the research team working within The Nightingale Centre and the Manchester Breast Centre. Prevent Breast Cancer is also a non-commercial partner of the National Institute of Health Research.
Applicants are required to complete a Prevent Breast Cancer grant application form and submit this to our Scientific Advisory Board (SAB), which assesses the scientific value and suitability for funding of each project. The Board is chaired by Cliona Kirwan – a clinician scientist in surgical oncology and consultant oncoplastic breast surgeon – with support from consultant onco-plastic breast surgeon, James Harvey.
We have a rigorous system in place to review grant applications. Each application is sent to three experts operating independently to the research, who complete a review form and give a final summary score before any application is considered by the Board of Trustees. A project must demonstrate clear, achievable aims and the reviewer must explain the reasoning for any recommendations for funding. For requests of over £30,000, two of the three reviewers must be external to the organisation. Applications must clearly address our core areas of prediction, prevention or early detection in order to be considered.
The expert reviews are then presented to the Board of Trustees, which takes the final decision on whether to provide funding. If the Chair or any other SAB member has a conflict of interest on an application, they are excluded from the discussion and decision-making process in order to ensure complete impartiality.
Funding requests for consumables or equipment under £10,000 which contribute to an existing research study and have already been peer reviewed by the main funder are not sent for further expert review. A decision about whether to fund these requests is made solely by the Board of Trustees. Prevent Breast Cancer does not fund experiments on animals.
http://www.cancerresearchuk.org/health-professional/cancer-statistics/statistics-by-cancer-type/breast-cancer https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthcaresystem/bulletins/ukhealthaccounts/2018
**6** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
**7**
## **Charitable activity**
For every £1 spent this year, 79p went on charitable activity
Over the past year, we have continued to raise funds to support our active research studies and generate income for the building of the National Breast Imaging Academy (NBIA).
In total we have raised over £236,000 for the NBIA, of which £61,562 was raised in 2020/21
Alongside this, we have continued to operate our coffee bar at the Nightingale Centre, as well as developing our ongoing health promotion activity. This activity seeks to raise awareness of breast cancer signs, symptoms and risk factors and the importance of breast screening among women, aiming to reach as wide a cross section of society as possible.
We have secured 515 pieces of media coverage for and about the charity, including in the Daily Telegraph, Daily Mail and the BBC
Over 80 Health Hour Talks delivered to companies, schools and community groups since January 2021
We have designated £150,000 from our free reserves to the NBIA
£25,019 raised by our coffee bar in 2020/21
There has been a 21% increase in new users to our website
Our most visited webpages are Signs & Symptoms and About Breast Cancer
**8** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
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## **Our research**
Since 2010 we have spent £3.75 million on ground-breaking research. We have awarded over £600,000 to our risk prediction studies.
Prevent Breast Cancer’s world-leading research is targeted and specialist, focused on four key areas: Gene research; preventative drugs; diet and lifestyle; and early detection and screening.
## **Gene research**
## Identifying DNA fragments that increase risk
Our flagship gene research project began in 2011 and focuses on identifying SNPs, the fragments of DNA which affect breast cancer risk. In total over 300 of these tiny but significant gene fragments have been discovered by our research team, who have developed a simple saliva test to detect them.
Our work is also conducted in partnership with numerous highly regarded research facilities throughout the UK. Regionally, our researchers are part of a collaborative group of scientists and clinicians known as the ‘Manchester Breast Centre’. This virtual centre brings together leading experts who share our vision of making breast cancer a preventable disease. They collaborate nationally and internationally with world leaders in cancer prevention, enriching our work with their collective knowledge.
Following a pause on this research until July 2020, due to the pandemic, we have been able to recruit over 70 women to take part and create a sub-study that deals with patients by post in order to keep those involved as safe as possible.
A key strategic objective for Prevent Breast Cancer is to introduce a more sophisticated breast screening process to the UK by 2025. Our research strategy is summarised here:
As well as this we have widened the eligibility for the SNPs study to all sites, including East Cheshire and East Lancashire and have now brought in the ability to provide a SNP sample in our PROCAS study and have a more in-depth risk calculation to all recruiting sites.
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Our pioneering PROCAS research will introduce a personalised breast cancer risk estimations to the NHS Breast Cancer Screening Programme. The successful conclusion of the SNPS 3 project will see a gene fragment test contributing to the risk calculation for each woman, helping identify those at a higher risk and meaning more cases of the disease can be prevented.
## Improving the accuracy of genetic testing
Prevent Breast Cancer’s scientific research team was responsible for discovering a previously undetected fault in the BRCA1 gene which increases the risk of breast cancer. They discovered a new mechanism affecting the gene called ‘epigenetic silencing’, which is not detected by current gene tests. In fact, at present only around 20% of those affected by familial breast cancer find that there is a direct mutation causing it.
Our team have been researching whether epigenetic silencing is also affecting the genes BRCA2 and PALB2. They are using genome testing of over 400 gene samples from people who have symptoms of inherited breast cancer but for whom testing found no genetic cause.
This research could lead to more accurate genetic testing and mean that those affected will be given access to earlier and more frequent cancer screenings and more appropriate treatments if they do develop breast cancer. It could reduce the number of women who are currently slipping through the net because their family history is not detected.
In 2020/21 our researchers have made excellent progress, including the fact that manuscripts have been accepted and submitted for publication on the clinical benefit of gene panel testing in families with breast cancer.
Additionally, good developments have been made towards the data analysis and publication of work on breast cancer prediction using polygenic risk scores. Due to the COVID pandemic, lab work was limited. However, this has increased since the easing of restrictions, and there have been few delays to the progress of the study overall.
## **Early detection and screening**
## Thousands benefit from smarter screening
Prevent Breast Cancer’s PROCAS study will revolutionise NHS breast screening, by predicting a woman’s individual risk of breast screening at the time of her mammogram.
Our PROCAS 2 study recruited 2,500 women over the last two years which, although a reduction compared to intended numbers, is still a great number to reach and provide these women with an individual risk score for developing breast cancer. Alongside SNP analysis from 259 patients, we have also been able to look at the SNPs of many of the women who took part in PROCAS 1.
This has given us an even larger control group to work from going forward. Being able to adapt our research during the pandemic and find scope outside of face to-face appointments has meant we have continued to build data that supports the need for tailored screening.
Each risk core was calculated by analysing factors such as breast density, gene fragments, family history and lifestyle. Once they know their score, the women participating in our pilot study have been able to make pro-active choices about their health to reduce the chances of the disease developing. Those found to be at higher risk are provided with advice and support and where appropriate, offered options including more frequent mammograms, preventative drugs and surgery.
PROCAS launched in 2009 and is the largest recruiting research study in Britain. This more sophisticated approach to screening will transform the process when it is rolled out across the UK by 2024. It will move us significantly closer to our vision of preventing breast cancer for future generations.
## Establishing why higher breast density causes cancer
After age, high breast density is the most significant risk factor for breast cancer: it can mean that a woman is six times more likely to develop the disease. Dense breasts have relatively more glandular and fibrous tissue than fatty breasts and show up as white on mammograms.
Our scientists have been comparing high and low mammographic density breast tissue to identify differences and provide new insights into the cause of high breast density. We hope to identify genetic factors that cause it and the corresponding increased risk of cancer.
The team have been identifying which cell signalling pathways lead to changes in breast tissue. The data can be used to better help women understand their risk, more effectively target screening and identify future therapies which could stop or reverse the structural changes which increase the likelihood of cancer developing.
## Reducing unnecessary surgery
It is not currently known why some early-stage cancers develop into larger, more aggressive cancer and others remain non-invasive. It is thought that this lack of understanding means that in some cases, patients are offered surgery when their cancer would never have progressed or caused them harm.
**10** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
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Our researchers have been studying ductal carcinoma-insitu (DCIS), a form of non-invasive breast cancer commonly detected at screening, to better understand what conditions lead DCIS to develop into higher grade cancers.
The team’s findings will help doctors determine which women need surgical removal of the disease to prevent invasive cancer and which are at a low risk of this and whose health could be managed without further intervention.
## **Preventative drugs**
## Anti-clotting drugs to prevent breast cancer
Fibroblasts are types of cells that are critical in wound healing and are the most common cells in connective tissue. These cells also create the tissue which supports milk ducts in breasts. They are the cause of the whiteness on mammograms of women with high breast density, and also cause blood clotting.
Breast cancer resembles a non-healing wound, with increased clotting in the tissue surrounding cancer cells. Following on from our research that found there is a relationship between DCIS and blood clotting caused by fibroblasts, our team are examining whether the fibroblasts in high-density breast cells create a wound-like environment, which increases clotting and causes normal breasts to develop cancer and benign cases of DCIS to become invasive.
This cutting-edge project could have a phenomenal impact on breast cancer prevention methods. If fibroblasts are causing a wound-like, clotting environment, anti-clotting drugs may be recommended for women who present with high-density breast tissue at screening in order to reduce their lifetime risk of developing breast cancer. This could be life-changing for the 10% of women around the world who fall very high on the breast density scale, who are also around six times more likely to develop breast cancer.
In 2020/21 cells continue to be grown from patient samples obtained via the Manchester Cancer Research Centre Biobank by our team. Cell characterisation is on-going prior to experiments testing their role in initiating breast cancer.
The project’s principal analyst returned to full-time work from furlough in April 2021 and has trained a new MB-PhD student in the experimental techniques required. The Prevent Breast Cancer-funded consumables budget has been converted into pay for the principal analyst, in part to help recover the research time lost due to Covid-19 induced laboratory shutdown.
Phases 1 and 2 of primary fibroblast characterisation have proceeded rapidly, with experimental output increasing along with the skills development of the MB-PhD student.
The principal analyst was invited to speak about this project at the Manchester Pathology 2021 virtual meeting of histopathologists, molecular pathologists, scientists and clinicians in July 2021. It was highlighted again in the discussion how mammography screening for breast cancer needs improving, especially for women with high density breasts. It is expected that this research will lead to better understanding of breast density and potential prevention options.
## Targeting prolactin to prevent breast cancer
In 2013 the National Institute of Clinical Excellence adopted our recommendation that the drugs tamoxifen and raloxifen be used to help high risk women reduce the likelihood of developing the disease. Unfortunately, these drugs have difficult side effects, so our researchers are currently working to identify medication to prevent breast cancer that is more effective, well-tolerated and safe.
In 2019 they investigated the hormone prolactin with the aim of discovering whether targeting this could stop the disease before it starts. If this is the case, our research could lead to anti-prolactin drugs being used to reduce breast cancer risk. As this medication is currently used to treat the disease, it is known to be safe and without significant adverse side effects.
Results suggest that there are differences in hormone signalling in some women and our research team are now testing whether these mean that cancer is more likely to develop. Our scientists will determine whether inhibiting the key hormone pathways could lead to effective and safe new drugs.
## Undertaking large scale testing of preventative drugs
In 2019 our researchers developed a complex replication of human breast tissue which would enable them to undertake large scale testing of drugs that could prevent breast cancer developing. During the twelve months that followed, testing of medication began, using this exciting technological advance.
Our project is a world-first and the model so closely resembles real breast tissue that it mimics mammographic density, one of the most important predictors of the disease. As the drugs being tested are repurposed, they are already known to be safe for human consumption. This means that our researchers will be able to identify promising potential drugs to take directly into clinical trials, speeding up the process and avoiding animal testing.
This means that important opportunities to prevent breast cancer are being missed. Our ‘Family History Healthy Lifestyles’ project will continue to investigate whether ongoing, tailored support to make positive lifestyle changes achieves a greater impact. If successful, this new approach could be rolled out to family history clinics across the UK, in many cases helping to stop breast cancer before it starts among high-risk women.
Around 30% of breast cancer cases are thought to be caused by lifestyle factors such as weight and alcohol consumption...
As outlined, current preventative drugs, tamoxifen and raloxifene come with difficult side effects and are not suitable for all women. Our scientists have been working to identify well-tolerated drugs which will see increased take up among those at high risk of breast cancer, reducing the number of lives lost to the disease.
## **Risk factors**
## Finding the best methods to support lifestyle changes
In 2019, Prevent Breast Cancer recruited over 200 women to participate in our ‘Family History Healthy Lifestyles’ project. This research was led by our awardwinning dietitian, Dr. Michelle Harvie and identified the most effective methods to support women at high risk of breast cancer in making changes to their lifestyle.
Around 30% of breast cancer cases are thought to be caused by lifestyle factors such as weight and alcohol consumption, which means that they are preventable. However, evidence suggests that women at high risk do not receive effective support to adopt a healthier way of life. Currently only general written advice is provided, which has been shown to have a minimal effect on behaviour.
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
**12**
**13**
## **Protecting life-saving screening with a new** (NBIA) **National Breast Imaging Academy**
The incidence of breast cancer is rising in the UK. In the last 10 years, GP referrals to breast units have doubled and the number of women using the national screening programme has continued to increase. It won’t stop there: as we seek to achieve earlier diagnoses of cancers, demand for screening is likely to grow further.
**2. Staff shortages –** The need for imaging is increasing but, at the same time, there are severe staff shortages amongst clinicians, radiographers and radiologists. Almost 15% of breast radiologist and radiographic posts are vacant nationally. 17% are vacant in the north west. In the UK, 38% of breast radiologists and 49% of breast clinicians are set to retire by 2025. Several breast centres across the country have closed because of a lack of radiologists, placing even greater pressures on the remaining units.
## **The pressures on the system**
There are a number of factors combining to heap pressure on the NHS breast screening service.
**1. Impact of technology –** Technological advances have increased the complexity of imaging. MRI guided biopsy, tomosynthesis, contrast enhanced mammography and vacuum biopsy procedures all provide more accurate diagnosis as well as pre-operative planning assessment, thus ensuring the most appropriate treatments are delivered. However, these advances also place even more demand on the breast imaging workforce and machine time.
**3. Lack of appropriate training space –** Identifying appropriate training space for mammography and ultrasound rooms is becoming increasingly difficult. This is creating a perfect storm: an overstretched workforce with inadequate facilities in which to undertake the vital training needed for the service. The lack of appropriate space is also hampering the ability of many centres to participate in research studies.
**4. Coronavirus impact –** The Covid-19 pandemic has exacerbated these issues, with 1.5million fewer breast screening appointments than expected carried out since March 2020 and further reduced clinic capacity due to social distancing. A report by Breast Cancer Now estimates that there are approximately 12,000 people believed to be living with undiagnosed breast cancer in the UK.
## **Why we need change**
If the demand for breast cancer services continues to grow as expected – and there is no additional investment to increase imaging and training facilities – it will not be possible to sustain services at existing levels, let alone expand them. Patients will be directly and negatively impacted, leading to delays in breast cancer diagnoses, in turn impacting treatment options and, ultimately, survival rates.
## **How the NBIA development can help**
The NBIA capital development, for which we are raising funds, will provide much needed space for innovative clinical and academic training for apprentices, radiographers, radiologists and breast clinicians. Together with medical students and administrative staff, they can operate in a fully resourced teaching environment. The building will contain ultrasound, mammography, and research rooms.
Prior to the pandemic, plans had been drawn up for a two-storey building attached to the Nightingale Centre, fulfilling all the identified pre-pandemic needs for clinical training, education and research. £6 million in revenue funding for this has already been secured from Health Education England.
The NBIA is a collaborative, national, multidisciplinary initiative which encompasses a range of solutions to address the severe workforce issues faced in the delivery of breast imaging services across the country. It is hosted by Manchester University NHS Foundation Trust, working in collaboration with Public Health England, the Royal College
of Radiologists, the Society and College of Radiographers, the Association of Breast Clinicians, the British Society of Breast Radiology, the Manchester Foundation Trust Charity, and Prevent Breast Cancer.
The NBIA will protect the future of breast screening across the UK, detecting cancers at an earlier stage and saving lives. It will ensure a strong and capable workforce is in place to carry out our goal of delivering smarter screening from 2025.
## **A phased approach**
The evolving impact of the pandemic on NHS breast services forced the project team to review the plans for the NBIA capital development. The team aimed to put in place a more immediate solution that would address the most pressing needs, while allowing longer-term developments to address future demands.
Plans for a modular development will allow the team to progress the project immediately, while also allowing for further development in the future. Once the new building is operational, demands on the service can be continually reviewed to determine whether further capital development is necessary.
The initial phase, costing £3.2 million, will enable the NBIA team to deliver the training for which they have revenue funding, and provide two thirds of the planned additional imaging capacity.
The new building will be more creatively linked to the Nightingale Centre to allow the refurbishment of existing space for seminar and training rooms. It will be built ready for extension both out and up, so that we can more easily provide additional space as determined by future needs.
To date, Prevent Breast Cancer has generated over £236,000 in restricted donations towards the capital build and designated £150,000 from our free reserves.
## **Build to Beat Breast Cancer**
In October 2021 Prevent Breast Cancer and Manchester Foundation Trust Charity teamed up to launch the “Build to Beat Breast Cancer” appeal to raise the funds required to make the National Breast Imaging Academy a reality.
**14** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
**15**
## **Supporting patients and professionals at the Nightingale Centre**
Our coffee bar and welcome desk are usually manned by our wonderful and valued team of volunteers. Again, the coronavirus pandemic forced us to change our approach! Because the majority of our volunteers are over 60, we asked them to remain at home in order to protect their safety.
Our fundraising team stepped in to cover the coffee bar shifts from April until June 2020. Over the summer, several of our supporters who were furloughed from their jobs began to offer their support and cover shifts, allowing us to keep this important resource operational.
During this period, any excess produce with a short sell by date was donated to a local homeless shelter at the end of each week, as part of our own drive to support our local community.
Over 3,500 hot drinks sold to NHS staff and patients waiting for appointments (in the 12 months to 31st March 2021)
Now that our volunteers are all vaccinated, many have returned to their role at the Centre and our Welcome Desk and shop have been able to re-open. We are delighted to have this focal point in the Nightingale Centre back in full swing!
We know how valued the coffee bar is – as well as how important a fundraising source it is – and we therefore made the decision to keep our coffee bar open throughout the pandemic. This allowed us to offer patients and professionals at the Nightingale Centre the comfort of a hot drink and something to eat.
## **Awareness of breast cancer signs, symptoms and risk factors and the importance of breast screening**
## Health Hour Talks
In 2020, Breast Cancer Now published a report which estimated that there were 107,000 fewer GP referrals for breast services from March to July 2020*, when compared to the same period in 2019. Whilst we recognise that the majority of such referrals will not lead to a cancer diagnosis, it remains a very worrying statistic and represents a significant number of women who will have their diagnosis delayed.
Prior to the pandemic, the fundraising team was delivering health information talks to companies and in schools. Whilst this activity initially stopped in 2020, we used the time to re-brand, update the content and take it virtual.
Some of the areas covered in this year’s talks include:
- How to reduce your risk of developing the disease
- Signs and symptoms to look out for
A further report estimated that there are around 12,000 undiagnosed breast cancers across the UK, due to delays caused by the pandemic. Although many centres are working additional hours to reduce the backlog caused by the temporary closure of the screening service, it is predicted that it will take between 18 and 24 months to catch up.
- Causes of breast cancer
- How to check yourself
- Why we’re focused on prevention
- Our latest research findings.
Our Health Hour talks were re-launched in September 2020 and continue to go from strength to strength. In February 2021, we partnered with Prostate Cancer UK to offer joint talks, which proved to be very popular. Since January 2021 we have delivered over 80 Health Hour Talks to companies, schools and community groups.
Health inequalities have always been a key concern for Prevent Breast Cancer. Inequalities which existed prior to the pandemic have now been exacerbated. We need to take action and have started to implement some of our work, which is outlined below and in the highlights section. There is, however, far more to be done and addressing inequalities will be one of our priorities for the foreseeable future.
## Breast Cancer Awareness Month
To mark Breast Cancer Awareness Month (October), our health awareness campaign saw us travelling across the city of Manchester for a two-week period to locations where screening uptake is lower than the national average.
## **Our health awareness campaigns**
Our BooBee Bus – a specially decorated double decker bus – helped to attract attention, and our Prevent Breast Cancer charity ambassadors provided women with information on checking their breasts, symptoms, the current screening process in light of the pandemic, and also encouraged women not to ignore their screening invitations.
## Update Hours
We launched our Update Hours, a series of free events, which were promoted across social media and directly to our database. Each event was streamed live on our YouTube channel and Facebook page, and covered a range of different topics. To date content has included:
- The impact of the pandemic on breast cancer
This campaign was run in partnership with Answer Cancer, Stagecoach and Alexander Dennis.
- How we are working to prevent breast cancer now, and in the future
- Diet and lifestyle
- The menopause.
Hundreds of our supporters watched each event, with excellent feedback, and we intend to continue with this series.
https://breastcancernow.org/about-us/news-personal-stories/ how-we-can-press-play-breast-cancer-services
**16** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
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## **Highlights from 2020/21**
While the world came to a standstill, our supporters continued to amaze us with their dedication to our cause. From taking on various virtual challenges to setting up birthday fundraisers on Facebook, their efforts raised thousands of vitally important pounds. We also launched our Urgent Appeal and your generosity resulted in donations of over £30,000.
## **September**
## **May**
Seizing the opportunity to sell Prevent Breast Cancer merchandise online, we promoted a range of nightwear which had been donated by online retail brand, Figleaves. To date, these sales have generated just under £11,000.
We were delighted to see our fabulous Ambassadors Roma Das, Jenny Ferguson and Heather Glover send their wonderful cookbook to print, ready to go on sale in October. “More than a Manchester Tart” features recipes from their friends and family as well as several Patrons of the charity. To date, the book has raised £7,000 for Prevent Breast Cancer.
## **July**
Always keen to explore every opportunity, we partnered with our Patron, Margo Cornish, to hold a furniture sale. All items were donated from a boutique hotel and proceeds from the event of £37,500 were split between Prevent Breast Cancer and two other charities.
Margo also worked closely with a designer to introduce “BooBee” facemasks to our shop. The masks proved to be incredibly popular and raised over £10,000.
## **October**
October is Breast Cancer Awareness Month, so it is always an important month for our health awareness campaigns. This year, our BooBee Bus saw our team engage with over 1,000 women from a diverse range of backgrounds, enabling our ambassadors to highlight the importance of breast screening and share other important breast cancer awareness information.
**August**
As the country stayed home, we organised a very special fundraising event: “Sunday Night In with Prevent Breast Cancer” in collaboration with Saving Grace Events. The event was streamed online and featured performances from Victoria Ekanoye, Kym Marsh, Paul Pashley and Clint Boon. It raised over £6,700.
Also this month, the #MagTeam100 challenge raised over £24,800. Partnering with cancer technology company, Endomag, we asked our supporters to walk, run or cycle 100 miles during the month. Endomag donated £100 for everyone that tracked their activity and successfully completed the challenge.
October also saw the launch of our first Update Hour, a virtual event which was hosted by our Patron, journalist Gordon Burns. The topic was ‘The impact of the pandemic on breast cancer services’ and our guest speakers were Lester Barr, Professor Cliona Kirwan and Dr Sacha Howell. 300 people have watched the video and it was the first of several similar events we ran in the year.
## **November**
We launched our Lockdown Line-Up, a series of virtual, interactive events in an effort to add a little positivity into our supporters’ lives. The line-up included various exercise classes, such as pilates, HIIT and yoga.
## **December**
Our annual Christmas Celebration moved online this year, and we hosted an hour of festive entertainment featuring several of our Patrons and some exceptional solo singers and choirs. The event raised just under £2,000.
## **January and February**
As we progressed into the third national lockdown, we aimed to bring a little cheer by introducing Lockdown Line-Up 2.0. This time, we focused on more creative activities and asked our contacts to provide classes including creative writing, photography, cooking and drawing. We had great feedback and many of those attending donated to the charity, generating approx. £2,000.
**March**
Inspired by our own experiences and the challenges we have all faced over the past year, the fundraising team began work on an exciting new campaign: “Power of Prevent” (POP). Ready to launch in May 2021, the campaign asked our supporters to think about their own wellbeing and to make a POP Promise to raise £240, either by breaking a bad habit or taking on an exercise challenge.
**18** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **19**
## **Strategic aims and objectives**
## **Strategic aims and objectives in 2020-2021**
## **Governance and structure**
|**Governance and structure**||
|---|---|
|As a result of Covid and the economy, withdraw £20,000 of invested reserves per month to minimise the
risk to our investments and to maintain cashflow, until the Board felt it no longer necessary|Completed and ended
in August 2020|
|Utilise the furlough scheme where possible, while ensuring that essential activity continues, and
relationships with supporters and the charity’s profle are maintained|Achieved|
|Implement new processes to support home-based working|Achieved|
|**Research**||
|Agree new terms of payment with the host institutions of our research studies|Completed|
|Maintain funding to support our existing and active research studies|Achieved|
|**Services topatents and to The Nightngale Centre**||
|Keep the coffee bar at The Nightingale Centre Breast Unit open to provide an essential service to
patients and NHS staff|Achieved|
|**Health awareness and educaton**||
|Promote the signs and symptoms of breast cancer, different risk factors and the importance of
breast screening across our digital platforms, in the press and through grass roots events|Ongoing|
|Relaunch our Health Promotion talks (rebranded The Health Hour) and adapt for virtual delivery|Achieved|
|**Incomegeneraton**||
|Generate funds for the NBIA|Ongoing|
|Apply to Trusts and Foundations for unrestricted income|Ongoing|
|Increase our regional impact|Ongoing|
## **Strategic aims and objectives for 2021-2022**
## **Governance and structure**
Recruit two new trustees
Grow the fundraising team and invest in the structure. Recruit:
- Senior corporate fundraiser
- Sports fundraiser
- Supporter engagement administrator
Invest in training - IT security & Compliance and Diversity, Inclusion & Equality
Review internal processes and induction process for new employees
Write an Equality, Diversity and Inclusion Statement
## **Research**
Reopen grant funding applications and award new research grants
## **Services to patients and to The Nightingale Centre**
Service and update information screens located in the reception area, creating a more interactive environment for patients waiting for their appointments
Invest in the layout of our Welcome Desk and shop so it is more inviting to patients and to staff
## **Health awareness and education**
Continue our work to promote the signs and symptoms of breast cancer across our digital platforms, in the press and through grass roots events
Collaborate with a commercial organisation on a health awareness campaign during Breast Cancer Awareness Month (October)
Explore a campaign focussed on raising awareness of family history and breast cancer
Film and edit a library of video content on different breast cancer topics for our website
Revisit a film focused on the importance of the breast screening invitation letter, finishing the edit and completing translation into Urdu and Bengali
Continue to develop and to promote our Health Hour Talks, approaching schools and companies
## **Income generation**
Launch a joint capital fundraising campaign with Manchester Foundation Trust Charity, “Build to Beat Breast Cancer”, to generate £3.2 million to build the National Breast Imaging Academy
Launch and develop our Power of Prevent (POP) campaign encouraging our supporters to either “kick a bad habit” or set themselves an exercise challenge whilst raising funds
Grow income from companies and secure new corporate partnerships and/or Charity of the Year opportunities
Implement a long-term monthly donor strategy and increase the number of regular donors
Organise two face-to-face supporter stewardship events to discuss fundraising plans for 2022
Integrate monthly giving into fundraising strategy and grow
**20** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **21**
## **Five year research strategy 2020 to 2025**
In collaboration with the Manchester Breast Centre, Prevent Breast Cancer scientists are working towards achieving the following by 2025:
## **Preventative drugs**
## **Gene research**
- **Investigating how c** ~~**han**~~ **ges and mutations in genes ca** ~~**n**~~ **affect someone’s risk of developing breast cancer.**
**Inves** ~~**tga**~~ **ting drugs that can be used as a prevent** ~~**a**~~ **tive measure to reduce an individual’s risk of developing breast cancer.**
**1.** To identify all the remaining undiscovered high risk and intermediate risk genes
**1.** To continue to develop models for testing new and re-purposed drugs for the purpose of prevention
**2.** To identify all the genes and gene fragments (SNPs and polygenic risk scores) linked to breast cancer in every ethnic group and community across the country and internationally.
**2.** To identify tests (biomarkers) of responsiveness to preventative drugs (such as breast density measurement or blood markers)
**3.** To support clinical trials of new or re-purposed drugs
**3.** To identify new tests (bio-markers) for risk prediction and early detection.
**4.** To widely promote the awareness and availability of drugs approved for prevention.
**4.** To identify more individualised ways to provide breast screening through the inclusion of risk
## **Risk factors (previously Diet and lifestyle)**
- **Early detection and screening Identifying new and unique screening methods to ensure early and accurate diagnoses.**
- **Research into lifestyle factors that contribute to risk and how diet and exercise can reduce an individual’s risk.**
**1.** To discover the mechanisms through which known risk factors work to impact breast cancer
**1.** To improve the accuracy of screening through new technology
**2.** To identify mechanisms for modifying or reducing known risk factors
**2.** To improve early diagnosis in women with high breast density and lobular breast cancer
**3.** To identify biomarkers of responsiveness to changes in diet, exercise and lifestyle interventions
**3.** To improve our understanding of why breast density promotes breast cancer
**4.** To develop a lifestyle management programme that can be offered to women as part of the NHSBSP
**4.** To implement risk-adapted ‘smart screening’ in the NHSBSP*: with a strategy that is cost neutral
**5.** To develop a lifestyle management programme for young women at increased risk of breast cancer
**5.** To improve uptake of screening, collaborating with the NHS and grassroots organisations
**6.** To develop new approaches for predicting risk, screening, and prevention in young women before the age of eligibility for the NHSBSP.
- NHSBSP = NHS Breast Screening Programme
**22** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **23**
## **Financial review**
The impact of the pandemic on Prevent Breast Cancer’s ability to generate funds during 2020/21 is clear to see, with the fundraising team generating a total sum of £672,068 (including the furlough grant), compared with £1,385,123 in the previous year.
However, our strategy of saving costs, balanced with taking advantage of all opportunities available to us to generate income has been effective, propelling the charity through an incredibly difficult time. Thanks to this, we have exceeded what we thought would be achievable at the outset of the pandemic.
Despite the pandemic and the challenges we faced, the figures to 31 March 2021 show how well the fundraising team adapted. Although we were sadly unable to fund any new research, we have finished the year with a surplus, which has enabled us to designate £150,000 for the NBIA capital appeal and to invest in the structure of the charity. Whilst the Board of Trustees is still cautious about the external environment, we believe it is the right time to lay the foundations and consolidate, ready to grow in 2022 and beyond.
## Activities to raise funds
|Activities to raise funds|||
|---|---|---|
|General Donations & Legacies|£190,394|28%|
|Trusts & Foundations|£107,400|16%|
|Sport Challenges|£96,013|14%|
|Furlough Claim|£48,223|7%|
|Community Donations|£40,967|6%|
|Merchandise|£39,227|6%|
|Gift Aid|£36,459|5%|
|Corporate Donations|£31,830|5%|
|Charitable Activity - Coffee Bar|£25,019|4%|
|Various Events & Fundraising
Activities|£21,834|3%|
|Gift-in-Kind|£17,064|3%|
|Virtual Event Income|£10,947|2%|
|Investment Income|£6,691|1%|
|Total Income|£672,068||
- Donations to the charity reached £190,394 – an 87% increase on the previous year, largely as a result of our Urgent Covid Appeal for donations
- Income from trusts and foundations reached more than £107,400. We focused on generating unrestricted funds, as opposed to funds restricted for specific research projects
- Despite all of our sport events being cancelled or postponed, many of our supporters took part in our virtual campaigns or organised their own challenges. Together they generated over £96,000
- Merchandise sales raised over £39,000, following a shift in our strategy towards online sales – the vast majority of sales were via the Prevent Breast Cancer website. In comparison, less than £4,000 of our merchandise sales for the year 2019/20 were online
- Pro bono expertise totalled £17,064, of which £14,400 was provided by Mediacom, which supported our pay per click and SEO activity
We offer our heartfelt thanks to our supporters across the UK who, despite everything, continued to fundraise and support the charity.
## Our expenditure for 2020/21:
Consistent with other years, our charitable activities constitute the vast majority of expenditure for the forthcoming 12 months, with other costs kept at a minimum. During the year under review, Prevent Breast Cancer spent over £348,000 on charitable activities. There is £258,474 held as restricted income and carried forward to 2021-2022 for future charitable expenditure, £236,767 of which is restricted for the building of the National Breast Imaging Academy.
## How we spend our funds
|How we spend our funds|||
|---|---|---|
|Charitable Activities|£348,825|79.5%|
|Cost of Raising Funds|£80,163|18.3%|
|Merchandise Costs|£5,141|1.2%|
|Investment Management Fee|£4,847|1.1%|
|Total Expenditure|£438,976||
## Future charitable expenditure
|Future charitable expenditure|||
|---|---|---|
|National Breast Imaging
Academy Capital Build|£236,767|79.5%|
|Captial Appeal Fundraising
Campaign|£4,921|18.3%|
|Asian Women's Health
Awareness|£16,787|1.2%|
|Total Restricted Reserves|£258,475||
The key components of our charitable activities are research, communicating health messages about breast cancer, patient care and services to The Nightingale Centre.
The below chart outlines the breakdown of our Charitable Activity for the year 2020/21, incorporating our restricted reserves.
## Breakdown of charitable activity including restricted reserves
|including restricted reserves|||
|---|---|---|
|Research Grants|£8,736|1%|
|Health Promotion|£175,505|29%|
|Patient Care and Service to
the Centre|£394,103|65%|
|Publicising Research and Results|£26,478|4%|
|Workshops & Education|£2,477|0.4%|
|Total|£607,299||
## Reserves policy
The Directors and Trustees believe that the charity should hold financial reserves, because it does not receive statutory funding and is entirely dependent on donations from the public and fundraising activities. This is inevitably subject to variation year on year. In addition, it requires the ability to continue operating and honouring grant commitments should there be falls in income. By following this policy, over the past few years we have been able to spend more on research projects than our net charity income.
Prevent Breast Cancer takes a prudent approach to our finances, maintaining an appropriate level of free reserves to mitigate against the inherent uncertainties of annual fundraising and any significant and unexpected falls in income, such as Covid-19, to ensure core activities can continue.
As of 31 March 2021 the charity holds reserves of £841,453 , of which £258,474 are restricted funds.
Designated funds amount to £162,198, which have been allocated to the National Breast Imaging Academy and towards the salary of one of our scientists.
The Trustees aim to keep in reserve six to nine months of core costs to guard against a worst-case scenario where the charity receives no income from any of its sources. These costs cover our office staff, support costs, critical fundraising activity and governance. They total £182,108 for six months and £273,162 for nine months.
Free reserves are £420,781 (2020 - £291,815) at the year end so, based on this policy, the excess of free reserves stand at between £238,673 and £147,619.
The surplus of free reserves will be used to fund new research projects when the charity reopens its funding round in 2021/22.
## Fundraising costs policy
The Trustees are committed to keeping the costs of our fundraising office as low as possible in order to maximise the income available for research projects. The financial statements that follow demonstrate that most fundraising costs relate to essential items such as running fundraising events, or stock purchased for trading.
In summary, we raised a total of £672,068 from donations and legacies, fundraising events, trading activities, funding from trusts, foundations and investments. We spent £348,825 on our core charitable activities and research grants, with a further £258,474 income held in restricted reserves for future charitable expenditure.
## Investment policy
Prevent Breast Cancer invests funds not immediately required in order to produce the best financial return within an acceptable level of risk, with a spread of liquidity to ensure that assets are available to meet cash flow requirements. In accordance with our ethical policy, we ensure our investments do not conflict with our aim of breast cancer prevention.
The Trustees have appointed Brewin Dolphin, an experienced firm of investment advisers to manage our investments on a discretionary basis. The investment portfolios are managed in accordance with our Investment Policy.
**24** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **25**
## **Structure, governance and management**
## Governing documents
Prevent Breast Cancer is registered as a charitable company limited by guarantee constituted under a Memorandum of Association, and is a registered charity numbered 1109839. The management of the charity is the responsibility of the Directors and Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association.
## Appointment of trustees and induction
New Trustees are nominated by Trustee Board members, interviewed by a panel of Trustees for that purpose and appointed where they have the necessary skills to contribute to the charity’s management and development.
On appointment they receive an induction pack, which comprises a range of information to support them in their new role. This encompasses the charity’s strategy, structure, financial performance and forecast and an overview of Trustee’s legal obligations. The pack includes governing documents and other relevant documentation available from the Charity Commission e.g. CC3 – The Essential Trustee and CC20 – Charity Fundraising: A Guide to Trustees’ Duties. All new Trustees are introduced to the charity’s staff team.
## Organisation
Prevent Breast Cancer has eight Trustees who meet at least 10 times a year to ensure that the charity is fulfilling its charitable purpose and to review the fundraising, trading and finance team’s performance in raising funds for research into breast cancer prevention. According to the governing documents the maximum number of Trustees can be 25 and the minimum number is four. Each member of the Trustee Board contributes a different area of expertise including medical, commercial, HR and public sector knowledge and experience. Two of the Trustees are directors of the dormant trading subsidiary. The Executive Director has been appointed by the Trustees to manage the day-to-day operations of the organisation.
## Related party transactions
During the year payroll services were provided free of charge by Sheppards Chartered Accountants, a company in which Charles Levine (Trustee) is a director. The estimated value of such services is £2,664 (2020: £1,540) and therefore an equivalent amount has been included within gifts in kind.
All Trustees are required to complete a Register of Interest form annually. Any connection between a Trustee and key personnel or organisations is disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party. The Board adheres to our Conflict of Interest Policy to protect the integrity of Prevent Breast Cancer’s decision-making process, to enable stakeholders to have confidence in the charity’s reliability, and to protect the integrity and reputation of volunteers, staff and Directors.
## Pay policy for senior staff
The Board of Trustees and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity. All Trustees donate their time and do not receive remuneration. Details of related party transactions are disclosed in note 20 of the accounts.
The pay of the senior staff is reviewed annually and usually increased in accordance with salary scales set by the Board. Salaries are benchmarked against pay levels in the third sector, taking into account the type of charity, location, annual income and the number of employees.
## Risk management
The Trustee Board is committed to maintaining a strong risk management framework. The aim is to ensure that Prevent Breast Cancer makes every effort to manage risk appropriately by maximising potential opportunities whilst minimising the adverse effects of risks.
The charity’s risk policy is used to support our internal control systems, enabling the charity to respond to operational, strategic and financial risks regardless of whether they are internally or externally driven.
## Risk policy objectives:
- To confirm and communicate the charity’s commitment to risk management.
- To establish a consistent framework and protocol for determining appetite for and tolerance of risk and for managing risk.
- To assign accountability to management and staff for risks within their control and provide a structured process for risk to be considered, reported and acted upon throughout the organisation.
A risk register covering key strategic risks is maintained and reviewed twice a year and more frequently where risks are known to be volatile. A more detailed operational risk register will be maintained in aspects where this is considered appropriate, taking account of the impact of potential risk and the cost benefit of the exercise.
The charity will continue to regularly review and monitor the effectiveness of its risk management framework and update it as appropriate.
In 2020-2021 the Trustees assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and were satisfied that systems are in place to manage exposure to the major risks.
The charity receives no statutory funding and is dependent entirely on the donations and fundraising activities of its staff, volunteers and supporters. Therefore, the ratio of income to expenditure is constantly highlighted as a key risk as we need to ensure we can continue to fund our ongoing charitable activities and research projects. The Trustees ensure that this risk is minimised by following the Reserves Policy, outlined on page 25.
## **Reference and administrative details**
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
## **L Barr** - Chairman
**J Dick** (Resigned 17 September 2020) **P S Glass**
## **D Harris**
**S Harrison** (Resigned 2 December 2020)
## **C Lee-Jones**
**C J Levine** - Treasurer
## **J Lovell**
**S Saleh** (Appointed 28 July 2020)
## **Dr M Wilson**
## Key management personnel
**N Barraclough** Executive Director **L Parker Cairns** Charity Manager **E Mellor** Charity Manager (maternity cover) **K Harding** Finance Manager – appointed 19 November 2019 until 31 July 2020 **J M Glass** Secretary Company registered number 04831397 Charity registered number 1109839 Registered office Prevent Breast Cancer Research Unit The Nightingale Centre Wythenshawe Hospital Southmoor Road Manchester M23 9LT Auditors Alliotts LLP Friary Court 13-21 High Street Guildford Surrey GU1 3DL
Bankers
Royal Bank of Scotland Plc. 38 Mosley Street Manchester M2 3AZ
Solicitors Gunnercooke LLP 53 King Street Manchester M2 4LQ
**26** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
**27**
## **Statement of trustees’ responsibilities**
The trustees, who are also the directors of Prevent Breast Cancer Limited for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
The trustees’ report was approved by the Board of Trustees.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
## **L Barr - Chairman**
Date: 15/12/21 ...................................................................................................................
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
**28** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **29**
## **Independent Auditor’s report**
## **Opinion**
We have audited the financial statements of Prevent Breast Cancer Limited (the ‘charity’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2021 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
## **Responsibilities of trustees**
As explained more fully in the statement of trustees’ responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise noncompliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the charitable company through discussions with trustees and other management, and from our knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, the Charities Act 2011, the Charities SORP, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
- we have not received all the information and explanations we require for our audit.
**30** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **31**
## **Statement of financial activities including income and expenditure account for year ending 31st March 2021**
## **Audit response to risks identified**
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- reviewed all transactions listed;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and noncompliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation; and
- enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Date: 16/12/21 ...................................................................................................................
Statutory Auditor Alliotts LLP Chartered Accountants Friary Court 13-21 High Street Guildford Surrey GU1 3DL
Alliotts LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.
|**Notes**|**Unrestricted**
**funds**
**2021**
**£**|**Restricted**
**funds**
**2021**
**£**|**Total**
**2021**
**£**|**Unrestricted**
**funds**
**2020**
**£**|**Restricted**
**funds**
**2020**
**£**|**Total**
**2020**
**£**|
|---|---|---|---|---|---|---|
|**Income from:**
Donations and legacies
**3**
Charitable activities
**4**
Other trading activities
**5**
Income from investments
**6**
**Total income**
**Expenditure on:**
Expenditure on
raising funds
**7**
Charitable activities
**8**
**Total resources**
**expended**
Net gains/(losses)
on investments
**13**
**Net incoming**
**resources before**
**transfers**
Gross transfers
between funds
**Net movement**
**in funds**
Fund balances
at 1 April 2020
**Fund balances at**
**31 March 2021**|479,293
25,019
50,959
6,809
562,080
90,151
317,205
407,356
108,555
263,279
11,885
275,164
307,815
582,979|109,988
-
-
-
109,988
-
31,620
31,620
-
78,368
(11,885)
66,483
191,991
258,474|589,281
25,019
50,959
6,809
672,068
90,151
348,825
438,976
108,555
341,647
-
341,647
499,806
841,453|756,979
66,841
67,313
12,343
903,476
239,300
749,185
988,485
(28,588)
(113,597)
143,051
29,454
278,361
307,815|481,647
-
-
-
481,647
7,934
195,348
203,282
-
278,365
(143,051)
135,314
56,677
191,991|1,238,626
66,841
67,313
12,343
1,385,123
247,234
944,533
1,191,767
(28,588)
164,768
-
164,768
335,038
499,806|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
**32** Prevent Breast Cancer Ltd. - Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **33**
## **Balance sheet as at 31 March 2021**
|**Notes**|**£**|**2021**
**£**|**£**|**2020**
**£**|
|---|---|---|---|---|
|**Fixed assets**
Tangible assets
**14**
Investments
**15**
**Current assets**
Stocks
**16**
Debtors
**17**
Investments
**18**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
**19**
Net current assets
**Total assets less current liabilites**
**Creditors: amounts falling due**
**afer more than one year**
**20**
**Net assets**
**Income funds**
Restricted funds
**21**
**Unrestricted funds**
Designated funds
**22**
General unrestricted funds|11,146
143,805
535,913
413,176
1,104,040
(251,590)
162,198
420,781|252
1
253
852,450
852,703
(11,250)
841,453
258,474
582,979
841,453|9,207
209,078
139,263
262,744
620,292
(424,906)
16,000
291,815|567
366,252
366,819
195,386
562,205
(62,399)
499,806
191,991
307,815
499,806|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021, although an audit has been carried out under section 144 of the Charities Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The accounts were approved by the Trustees on:
Date: 15/12/21 ...................................................................................................................
**L Barr - Chair** Trustee
Company Registration No. 04831397
**34** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **35**
## **Statement of cash flows**
|**Notes**|**£**|**2021**
**£**|**£**|**2020**
**£**|
|---|---|---|---|---|
|**Cash fows from operatng actvites**
Cash generated from operations
**27**
Investing activities
Purchase of tangible fxed assets
Proceeds on disposal of investments
Interest received
**Net cash generated from investng actvites**
**Net cash used in fnancing actvites**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|-
80,000
118|70,314
80,118
-
150,432
262,744
413,176|(230)
50,000
301|146,699
50,071
-
196,770
65,974
262,744|
## **Notes to the financial statements**
## **1 Accounting policies**
Cash donations and trading income are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## Charity information
Prevent Breast Cancer Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Nightingale Centre, Wythenshawe Hospital, Southmoor Road, Manchester, M23 9LT.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## 1.1 Accounting convention
The accounts have been prepared in accordance with the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
## 1.5 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Fundraising costs are those incurred in generating funds and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out in house.
## 1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Overheads have been allocated on the basis of actual spend by activity.
## Grants
Grants payable are charged in the year when the offer is made, except in those cases where the offer is conditional, such grants being recognised as expended resources when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are treated as designated funds and are not accrued as expended resources.
## 1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
On occasions funds are raised that relate to specific grants that have been awarded in the previous year from unrestricted funds, or for multi-year grants that have been awarded in an earlier year. The funds raised are restricted funds and transfers between funds are made to ensure that the restricted funds are used for their intended purpose.
## 1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
**36** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **37**
## **Notes to the financial statements – continued**
## 1.6 Tangible fixed assets
## 1.10 Cash and cash equivalents
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
## 1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## Computers 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
## 1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
## 1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## Critical judgements
## Current asset investments
All investment assets at year end are categorised as current asset investments. This is a change from the prior year when cash, corporate bonds and UK gilts were held as current assets with the remainder of the investment portfolio held as fixed assets and being invested for the longer term. The trustees have given consideration as to how the investment portfolio is used in the future and believe that the the portfolio is more likely to be utilised/liquidated within a period of one year.
## 1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
## Premises costs
The charity utilises office space without payment of rent at the Wythenshawe Hospital. The value of this gift in kind is deemed to be nil as the trustees are not able to quantify an appropriate equivalent rent.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
|**3**
**4**
**5**|**Donatons and legacies**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Total**
**2021**
**£**|**Total**
**2020**
**£**|
|---|---|---|---|---|---|
||Donations and gifts
Legacies receivable
Government grants
Gifts in kind
Donations and legacies
**For the year ended 31 March 2020**
**Charitable actvites**
Patient Care and Services to the Centre|414,006
-
48,223
17,064
479,293
756,979|109,988
-
-
-
109,988
481,647|523,994
-
48,223
17,064
589,281
**2021**
**£**|1,159,236
12,832
-
66,558
1,238,626
**2020**
**£**|
||Coffee Bar Income
Donations to the Coffee Bar
**Other trading actvites**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|24,644
375
25,019
**Total**
**2021**
**£**|59,661
7,180
66,841
**Total**
**2020**
**£**|
||Merchandise sales
Fundraising events
Other trading activities
**For the year ended 31 March 2020**|39,227
11,732
50,959
67,313|-
-
-
-|39,227
11,732
50,959|54,620
12,693
67,313|
**38** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **39**
## **Notes to the financial statements – continued**
|**Income from investments**|||**Unrestricted**
**funds**
**2021**|**Unrestricted**
**funds**
**2020**|
|---|---|---|---|---|
|Interest from investments
Interest receivable
**Expenditure on raising funds**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|6,691
118
6,809
**Total**
**2021**
**£**|12,042
301
12,343
**Total**
**2020**
**£**|
|**Fundraising and publicity**
Events, income generation and promotion costs
Staff costs
Support costs
Fundraising and publicity
**Trading costs**
Merchandise costs
Investment management|9,299
63,338
7,526
80,163
5,141
4,847
90,151|-
-
-
-
-
-
-|9,299
63,338
7,526
80,163
5,141
4,847
90,151|121,930
77,460
13,147
212,537
28,510
6,187
247,234|
|**8**|**Charitable actvites**
**Patent care**
**/Nightngale**
**Centre**
**£**|**Charitable actvites**
**Patent care**
**/Nightngale**
**Centre**
**£**|**Health**
**promoton**
**£**|**Publicising**
**research**
**and results**
**£**
**Workshops**
**and**
**educaton**
**£**|**Publicising**
**research**
**and results**
**£**
**Workshops**
**and**
**educaton**
**£**|**Research**
**grants**
**£**|**Total**
**2021**
**£**|**Total**
**2020**
**£**|
|---|---|---|---|---|---|---|---|---|
||Staff costs
Charitable expenditure
Grant funding of activities (see note 9)
Share of support costs (see note 10)
Share of governance costs (see note 10)
**Analysis by fund**
Unrestricted funds
Restricted funds
**For the year ended 31 March 2020**
Unrestricted funds
Restricted funds|88,863
51,294
140,157
-
9,540
2,718
152,415
120,795
31,620
152,415
155,668
65
155,733|88,412
55,882
144,294
-
9,825
4,600
158,719
158,719
-
158,719
271,998
47,895
319,893|21,574
2,507
24,081
-
1,633
764
26,478
26,478
-
26,478
41,088
17
41,105|2,254
-
2,254
-
152
71
2,477
2,477
-
2,477
9,462
4
9,466|-
-
-
7,936
545
255
8,736
8,736
-
8,736
270,969
147,367
418,336|201,103
109,683
310,786
7,936
21,695
8,408
348,825
317,205
31,620
348,825|209,482
288,734
498,216
396,089
40,479
9,749
944,533
749,185
195,348
944,533|
**40** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **41**
## **Notes to the financial statements – continued**
|**9**
10|**Grants payable**|||**2021**
**£**|**2020**
**£**|
|---|---|---|---|---|---|
||Grants to institutions:
Gene research
Early diagnosis and screening
Preventative drugs
Risk Factors (previously Diet and Lifestyle)
**Support costs**|**Support**
**costs**
**£**|**Governance**
**costs**
**£**|-
3,000
4,936
-
7,936
**2021**
**£**|122,349
123,739
57,801
92,200
396,089
**2020**
**£**|
||Staff expenses
Staff training
Printing and stationery
IT/website costs
Insurance
Bank and Streamline charges
Legal and professional charges
Other offce costs
Payroll
Depreciation
Audit fees
Accountancy
Analysed between
Fundraising
Charitable activities|857
819
3,103
6,889
1,767
5,452
4,572
681
2,664
315
-
-
27,119
5,424
21,695
27,119|-
-
-
-
-
-
176
-
-
-
8,500
1,834
10,510
2,102
8,408
10,510|857
819
3,103
6,889
1,767
5,452
4,748
681
2,664
315
8,500
1,834
37,629
7,526
30,103
37,629|11,834
1,868
4,129
7,596
1,738
5,352
20,211
905
1,540
202
6,700
1,300
63,375
13,147
50,228
63,375|
## **12 Employees**
## **Number of employees**
|**Number of employees**|||
|---|---|---|
|The average monthly number of employees
during the year was:|**2021**
**Number**|**2020**
**Number**|
|Administration
Operations
Charitable Activity
Generating Funds
**The full tme equivalent for employees**
**during the year was:**|2
3
5
2
12
**2021**
**Number**|3
3
5
4
15
**2020**
**Number**|
|Administration
Operations
Charitable Activity
Generating Funds
**Employment costs**|1
2
4
2
9
**2021**
**£**|2
2
4
3
11
**2020**
**£**|
|Wages and salaries
Social security costs
Other pension costs|243,282
16,150
5,009
264,441|263,688
18,054
5,200
286,942|
There were no employees whose annual remuneration was £60,000 or more.
## **11 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
**42** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **43**
## **Notes to the financial statements – continued**
|**13**
**14**|**Net gains/(losses) on investments**|**Unrestricted**
**funds**
**2021**
**£**|**Unrestricted**
**funds**
**2020**
**£**|
|---|---|---|---|
||Revaluation of investments
Gain/(loss) on sale of investments
**Tangible fxed assets**
**Cost**
At 1 April 2020
At 31 March 2021
**Depreciaton and impairment**
At 1 April 2020
Depreciation charged in the year
At 31 March 2021
**Carrying amount**
At 31 March 2021
At 31 March 2020|92,257
16,298
108,555|(38,894)
10,306
(28,588)
**Computers**
**£**
1,575
1,575
1,008
315
1,323
252
567|
|**15**|**Fixed asset investments**|**Listed**
**investments**
**£**|**Other**
**investments**
**£**|**Total**
**£**|
|---|---|---|---|---|
||**Cost or valuaton**
At 1 April 2020
Transfer
At 31 March 2021
**Carrying amount**
At 31 March 2021
At 31 March 2020|359,393
(359,393)
-
-
359,393|1
-
1
1
1|359,394
(359,393)
1
1
359,394|
The fixed asset investments were transferred to current assets at the beginning of the year at fair value.
|**Other investments comprise:**||**2021**|**2020**|
|---|---|---|---|
||**Notes**|**£**|**£**|
|Investments in subsidiaries|**26**|1|1|
## **Fixed asset investments revalued**
Other investments are held at historical cost whilst the listed investments are held at their fair value.
|**16**
**17**|**Stocks**|**2021**
**£**|**2020**
**£**|
|---|---|---|---|
||Finished goods and goods for resale
**Debtors**|11,146
**2021**
**£**|9,207
**2020**
**£**|
||**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income|47
143,758
-
143,805|52,791
139,570
16,717
209,078|
**44** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **45**
## **Notes to the financial statements – continued**
|**18**|**Current asset investments**|**2021**|**2020**|**21**|**Restricted funds**|
|---|---|---|---|---|---|
|||**£**|**£**||The income fund
|
||||||and grants held o|
||Listed investments|535,913|139,263|||
|**19**|Included in current asset investments is £17,217 (2020: £Nil) of cash held within the portfolio.
**Creditors: amounts falling due within one year**|**2021**|**2020**|||
|||**£**|**£**|||
||||||AWHA Projects|
||Other taxation and social security
Trade creditors|2,410
93,746|6,074
90,562||Hydrogel Study
Other smaller
restricted projec|
||Grants payable|118,413|287,241||BRCA2 and PAL|
||Other creditors|2,109|1,369||Molecular Basis|
||Accruals and deferred income|34,912|39,660||of Density|
||||||NBIA fundraising|
|||251,590|424,906||campaign|
||||||SNPs3|
||||||DNA and Densit|
|**20**|**Creditors: amounts falling due afer more than one year**|**2021**
**£**|**2020**
**£**||Clotting and Bre
Density|
||||||Forget-me-not 2|
||Grants payable|11,250|62,399||NBIA|
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
## **Movement in funds**
## **Movement in funds**
||**Balance**|**Incoming**|**Resources**|**Transfers**|**Balance**|**Incoming**|**Resources**|**Transfers**|**Balance at**|
|---|---|---|---|---|---|---|---|---|---|
||**at 1 April**|**resources**|**expended**||**at 1 April**|**resources**|**expended**||**31 March**|
||**2019**||||**2020**||||**2021**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|AWHA Projects|54,547|10,000|(47,761)|-|16,786|-|-|-|16,786|
|Hydrogel Study|-|10,568|(10,568)|-|-|-|-|-|-|
|Other smaller||||||||||
|restricted projects|2,130|6,261|(8,330)|(61)|-|-|-|-|-|
|BRCA2 and PALB2|-|77,808|(77,808)|-|-|5,775|-|(5,775)|-|
|Molecular Basis||||||||||
|of Density|-|46,889|-|(46,889)|-|-|-|-|-|
|NBIA fundraising||||||||||
|campaign|-|-||-|-|36,541|(31,620)|-|4,921|
|SNPs3|-|29,480|-|(29,480)|-|-|-|-|-|
|DNA and Density|-|66,620||(66,620)|-|-|-|-|-|
|Clotting and Breast||||||||||
|Density|-|56,119|(56,119)|-|-|-|-|-|-|
|Forget-me-not 2|-|2,696|(2,696)|-|-|-|-|-|-|
|NBIA|-|175,205|-|-|175,205|61,562|-|-|236,767|
||56,677|481,646|(203,282)|(143,050)|191,991|103,878|(31,620)|(5,775)|258,474|
Transfers between funds are made to represent amounts where expenditure has been recognised in unrestricted funds prior to the incoming resources.
There is a correction to the amounts allocated in the comparative funds - BRCA 2 showing the amount £77,808 in income and expenditure, in the comparative year these amounts were shown under DNA and Density.
DNA and Density now shows £66,620 income and transfer, which was classified under Molecular Basis of Density in the comparative year.
The projects included under Other smaller restricted products are; Laptop, Prolactin Research Study and the Race Across America fund.
**46** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **47**
## **Notes to the financial statements – continued**
## **21 Restricted funds**
**NBIA fundraising campaign** - Funding secured to assist with the research and planning phase required to launch our capital campaign which aims to raise funds to build a National Breast Imaging Academy (NBIA).
**AWHA projects** – The Asian Women’s Health Awareness Campaign will research how to better promote the importance of breast screening to ethnic minority communities from South Asia. An overview of our planned activity can be found on the Trustees Report.
**SNPs3** - Using the knowledge learnt from our previous SNPs research, this study will assess the feasibility of offering a saliva test alongside a personalised breast cancer assessment in a clinical setting and whether these results could be provided in a timely fashion.
**Hydrogel study** – Research into a new technology to develop a complex replication of human breast tissue. This model will even mimic levels of breast density which is one of the most important predictors of breast cancer risk in individuals. This will allow our researchers to test large numbers of new and re-purposed preventative drugs for breast cancer. This study is the first of its kind to use hydrogel to develop novel cancer prevention approaches.
**DNA and breast density** - After age, the second highest risk factor for developing breast cancer is mammographic breast density, however, little is known about why high breast density promotes cancer development. This study aims to research the link between high density and DNA mutations and to identify new ways to reduce the risk associated with high breast density.
**Prolactin research study (other)** – This study aims to discover whether targeting the hormone, prolactin may improve breast cancer prevention in some women. This could provide a more tailored approach and develop novel, well tolerated approaches to breast cancer prevention.
**Clotting and breast density** - Previous research funded by Prevent Breast Cancer found that there is a relationship between DCIS (ductal carcinomain-situ), a common precancerous condition, and blood clotting caused by fibroblasts. Following on from this, our research team are examining whether the fibroblasts in high-density breast cells create a wound-like environment which increases clotting and causes normal breasts to develop cancer and benign cases of DCIS to become invasive.
**Laptop (other)** – Funding for a new laptop to be used by the fundraising team and ambassadors.
**Race across America costs (other)** - Funds raised to support an extreme sport challenge being undertaken by two supporters. Costs include contribution to flights, fuel for support vehicles, training kit and for the organisation of a cycling sportive, which will generate further funds.
**Forget-me-not 2** – An early detection and screening research project, which will study the progression of breast cancer in patients with DCIS (Ductal Carcinoma in Situ), in order to better understand over-diagnosis.
**BRCA2 and PALB2** - Gene research studying a new biological mechanism called “epigenetic silencing” whereby gene abnormalities that greatly increase a woman’s risk of getting breast cancer may be left undetectable by standard gene testing.
**NBIA** – A capital project to raise funds to build a National Breast Imaging Academy (NBIA), which will be attached to The Nightingale Centre and Prevent Breast Cancer Research Unit in Manchester. More information about this project can be found within the Trustees Report.
**Molecular basis of density** - This study aims to provide new insights into the cause of high mammographic density and may identify genetic factors that predispose some women to develop high-density breasts.
## **22 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|**23**||**Balance at**
**1 April**
**2019**
**£**|**Income**
**£**|**Balance at**
**1 April**
**2020**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Balance at**
**31 March**
**2021**
**£**|
|---|---|---|---|---|---|---|---|
||Research salaries
16,000
-
NBIA
-
-
16,000
-
The designations are £150,000 to the funding of the NBIA project and a
a research staff member salary.
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**2021**
**£**
**Restricted**
**funds**
**2021**
**£**|||16,000
(16,000)
12,198
12,198
-
-
150,000
150,000
16,000
(16,000)
162,198
162,198
designation of £12,198 towards the funding of
**Total**
**2021**
**£**
**Unrestricted**
**funds**
**2020**
**£**
**Restricted**
**funds**
**2020**
**£**
**Total**
**2020**
**£**||||
||Fund balances at 31 March 2021 are
represented by:
Tangible assets
Investments
Current assets/(liabilities)
Long term liabilities|252
1
593,976
(11,250)
582,979|-
-
258,474
-
258,474|252
1
852,450
(11,250)
841,453|567
191,047
178,600
(62,399)
307,815|-
175,205
16,786
-
191,991|567
366,252
195,386
(62,399)
499,806|
## **24 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
||**2021**
**£**|**2020**
**£**|
|---|---|---|
|Within one year
Between two and fve years|2,393
3,589
5,982|2,393
5,982
8,375|
**48** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021 **49**
## **Notes to the financial statements – continued**
|**25**|**Related party transactons**
**Remuneraton of key management personnel**
The remuneration of key management personnel is as follows.
**2021**
**£**
**2020**
**£**|
|---|---|
||Aggregate compensation
121,520
104,358|
During the year invoices to the value of £Nil (2020: £2,918) were paid to Gunnercooke Solicitors. During the year fee’s of £146 were paid to JMG Legal Ltd. This firm is considered a related party as Joe Glass (a Partner at Gunnercooke Solicitors and director of JMG Legal) is married to Pam Glass and is also the Company Secretary. No creditor remained outstanding at the year end (2020: Nil). During the year payroll services were provided free of charge by Sheppards Chartered Accountants, a company in which Charles Levine is a director. The estimated value of such services is £2,664 (2020: £1,800) and therefore an equivalent amount has been included within gifts in kind.
## **26 Subsidiaries**
Details of the charity’s subsidiaries at 31 March 2021 are as follows:
|**27**|**Name of undertaking**
**Registered**
**ofce**
**Nature of**
**business**
**Class of**
**shares held**
**Trading Company Limited**
Prevent Breast Cancer Trading Company
Limited
England
Dormant
Ordinary
**Cash generated from operatons**|**% Held**
**Direct**
100.00
**2021**
**£**|**% Held**
**Indirect**
**2020**
**£**|
|---|---|---|---|
||Surplus for the year
**Adjustments for:**
Investment income recognised in statement of fnancial activities
Gain on disposal of investments
Fair value gains and losses on investments
Investment charges
Depreciation and impairment of tangible fxed assets
**Movements in working capital:**
(Increase)/decrease in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Cash generated from operatons**|341,647
(6,809)
(16,298)
(92,257)
4,847
315
(1,939)
65,273
(224,465)
70,314|164,768
(12,343)
(10,306)
38,894
6,187
202
1,512
(88,563)
46,348
146,699|
## **28 Analysis of changes in net funds**
The charity had no debt during the year.
**50** Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
Prevent Breast Cancer Ltd. – Annual Report and Financial Statements for the year ended 31st March 2021
**51**
## **Prevent Breast Cancer**
The Nightingale Centre and Prevent Breast Cancer Research Unit Wythenshawe Hospital Southmoor Road Manchester, M23 9LT
0161 291 4400 info@preventbreastcancer.org.uk
@wearepreventBC WeArePreventBreastCancer @preventbreastcancer
**preventbreastcancer.org.uk**
**Prevent Breast Cancer Limited Registered in England No. 4831397 Registered Charity No. 1109839**