Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
**Charity number: 1110926**
## **BREAST CANCER HOPE**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 - 10|
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025**
## **Trustees**
Professor Kefah Mokbel Taraneh Azad Professor Atmul Carmichael
## **Charity registered number**
1110926
## **Principal office**
The Princess Grace Hospital, 42-52 Nottingham Place, London, W1U 5NY
## **Accountants**
Hillier Hopkins LLP, 45 Pall Mall, St James's, London, SW1Y 5JG
Page 1
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025**
The Trustees present their annual report together with the financial statements of the charity for the 1 April 2024 to 31 March 2025.
## **Objectives and Activities**
## **a. Policies and objectives**
1) To support and promote research into the causes of breast cancer with the aim of improving the clinical outcome and quality of life of the patients with the disease.
2) To advance education in and understanding of breast cancer and its treatment by providing information to patients with the disease.
## **b. Main activities undertaken to further the charity's purposes for the public benefit**
Once more the trustees are very grateful to all our donors and loyal volunteers who help with the administration work
## **Achievements and performance**
## **a. Review of activities**
“The charity provided a number of grants into research into different areas of breast cancer research, primarily into in-depth data driven research.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **b. Reserves policy**
The reserves will be used to provide grants for reaearch and improving the patient experience in the coming year. The trustees are provided with regular financial updates.
Page 2
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
**TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025**
## **Structure, governance and management**
## **a. Constitution**
The charity was incorporated on 18 August 2005 and commenced trading on that date.
## **b. Method of appointment or election of Trustees**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
This report was approved by the Trustees, on 23-10-2025 | 08:10 BST and signed on their behalf by:
> ................................................ (4 DocuSignedE424B62C02A6465... by: **Taraneh Azad** Trustee
Page 3
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025**
## **Independent Examiner's Report to the Trustees of Breast Cancer Hope (the 'charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025.
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. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
## **Responsibilities and Basis of Report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: 23-10-2025 | 12:59 BST 15F4A289786E435... Michael Jacoby FCA
Hillier Hopkins LLP Chartered Accountants Ground Floor 45 Pall Mall London SW1Y 5JG
Page 4
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**Unrestricted**
**funds**
**Note**
**2025**
**£**
**Income from:**
Donations and legacies
2
**1,752**
Other income
**27,522**
**Total income**
**29,274**
**Expenditure on:**
Charitable activities
4
**135,393**
**Total expenditure**
5
**135,393**
**Net expenditure before other recognised gains and**
**losses**
**(106,119)**
**Net movement in funds**
**(106,119)**
**Reconciliation of funds:**
Total funds brought forward
**265,042**
**Total funds carried forward**
**158,923**|**Total**
**funds**
**2025**
**£**
**1,752**
**27,522**
**29,274**
**135,393**
**135,393**
**(106,119)**
**(106,119)**
**265,042**
**158,923**|_Total_
_funds_
_2024_
_£_
_6,301_
_3,375_
_9,676_
_53,660_
_53,660_
_(43,984)_
_(43,984)_
_309,026_
_265,042_|
|---|---|---|
The notes on pages 7 to 10 form part of these financial statements.
Page 5
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **BALANCE SHEET AS AT 31 MARCH 2025**
||||**2025**||_2024_|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|_£_|_£_|
|**Current assets**||||||
|Cash at bank and in hand||**162,282**||_266,722_||
|**Creditors:**amounts falling due within one||||||
|year|8|**(3,359)**||_(1,680)_||
|**Net current assets**|||**158,923**||_265,042_|
|**Net assets**|||**158,923**||_265,042_|
|**Charity Funds**||||||
|Unrestricted funds|9||**158,923**||_265,042_|
|**Total funds**|||**158,923**||_265,042_|
The financial statements were approved by the Trustees on 23-10-2025 | 08:10 BST and signed on their behalf, by:
> ................................................ (4 DocuSignedE424B62C02A6465... by: **Taraneh Azad**
The notes on pages 7 to 10 form part of these financial statements.
Page 6
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. Accounting Policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
Breast Cancer Hope constitutes a public benefit entity as defined by FRS 102.
## **1.2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
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 expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
## **1.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Page 7
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. Accounting Policies (continued)**
## **1.5 Cash at Bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.6 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
## **1.7 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.8 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **2. Income from donations and legacies**
|**Unrestricted**
**funds**
**2025**
**£**
Donations
**1,752**
_Total 2024_
_6,301_|**Total**
**funds**
**2025**
**£**
**1,752**
_6,301_|_Total_
_funds_
_2024_
_£_
_6,301_|
|---|---|---|
||||
Page 8
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **3. Direct costs**
|**Unrestricted**
**funds**
**2024**
**£**
Wages and salaries
**625**
_Total 2024_
_1,150_|**Total**
**2025**
**£**
**625**
_1,150_|_Total_
_2024_
_£_
_1,150_|
|---|---|---|
||||
## **4. Governance costs**
|**Unrestricted**
**funds**
**2025**
**£**
Accountancy fees
**1,680**
Advertising and subscriptions
**627**
Bank charges
**105**
Motor expenses
**(42)**
**2,370**
**Analysis of Expenditure by expenditure type**
**Staff costs**
**Other costs**
**2025**
**£**
**2025**
**£**
Donations
**-**
**132,398**
Wages and salaries
**625**
**-**
**Charitable activities**
**625**
**132,398**
**Expenditure on governance**
**-**
**2,370**
**625**
**134,768**
_Total 2024_
_1,150_
_52,510_|**Total**
**2025**
**£**
**1,680**
**627**
**105**
**(42)**
**2,370**
**Total**
**2025**
**£**
**132,398**
**625**
**133,023**
**2,370**
**135,393**
_53,660_|_Total_
_2024_
_£_
_(1,980)_
_512_
_30_
_42_
_(1,396)_|
|---|---|---|
|||_Total_
_2024_
_£_
_53,906_
_1,150_
_55,056_|
|||_(1,396)_
_53,660_|
||||
## **5. Analysis of Expenditure by expenditure type**
## **6. Net income/(expenditure)**
During the year, no Trustees received any remuneration (2024 - £NIL). During the year, no Trustees received any benefits in kind (2024 - £NIL). During the year, no Trustees received any reimbursement of expenses (2024 - £NIL).
Page 9
Docusign Envelope ID: 610628D1-6C20-4124-9F5B-8420D8E79402
## **BREAST CANCER HOPE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **7. Staff costs**
Staff costs were as follows:
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Wages and salaries|**625**|_1,150_|
The average number of persons employed by the charity during the year was as follows:
|**2025**|_2024_|
|---|---|
|**No.**|_No._|
|**1**|_1_|
No employee received remuneration amounting to more than £60,000 in either year.
## **8. Creditors: Amounts falling due within one year**
|**Creditors: Amounts falling due within one year**|||
|---|---|---|
||**2025**|_2024_|
||**£**|_£_|
|Accruals and deferred income|**3,359**|_1,680_|
## **9. Statement of funds**
## **Statement of funds - current year**
|**Balance at**
**1 April 2024**
**£**
**Unrestricted funds**
General
**265,042**
Other General funds
**-**
**265,042**
**Statement of funds - prior year**
_Balance at_
_1 April 2023_
_£_
**General funds**
General
_309,026_|**Income Expenditure**
**£**
**£**
**-**
**-**
**29,274**
**(135,393)**
**29,274**
**(135,393)**
_Income_
_Expenditure_
_£_
_£_
_9,676_
_(53,660)_|**Balance a**
**31 March**
**2025**
**£**
**265,042**
**(106,119**|
|---|---|---|
||||
||||
|||**158,923**|
|||_Balance a_
_31 March_
_2024_
_£_
_265,042_|
Page 10