COMPANY NUMBER: 05929741 CHARITY NUMBER: 1116728 CANCER CONNECTIONS LIMrrED COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 31 March 2025
CANCER CONNECTIONS LIMITED COMPANY LIMITED BY GUARANTEE Contents year ended 31 March 2025 Pages Trustees, Annual Report Ito3 Independent Examiners Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 7tolS The following pages do not form part of the financial statements Detailed Statement of Financial Activities 17 Notes to the Detailed Statement of Financial Artivities 18to19
CANCER CONNEcfioNS LIMrrED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Reglstered charity name CANCER cONNEIoNs LIMITED Charity registration number 1116728 Company registration number 05929741 Principal office and registered office 258 Harton Lane South Shields Tyne & Wear NE34 OLR The trustees Mr C Potts Mr A Hodgson Mr J Anglin Mrs A Bruce Resigned 23 Apri 2024 Mr J Carroll Mrs D Townsley Mr R Hall Mrs F Cunningham Mrs R Gillies Appointed 23 April 2024 Company Secretary MrCEPotts Accountants Torgersens Limited Chartered accountants 7 Grange Road West JARROW Tyne & Wear NE32 3JA Structurei governance and management Cancer Connections Limited is a company limited by guarantee, governed by memorandum and articles of association. The Directors of the company (listed above) are also charity trustees for the purposes of charity law. The number of direttors and the period of their tenure is as described in the Articles of Association. The day to day management of the charity resides with the Chair and Company Secretary jointly, who report to the Board of Directors on a monthly basis. Fundraising is overseen by the Board and is undertaken by individual directors and volunteers who are also members of the company.
CANCER CONNEcfioNS LIMrrED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (continued) year ended 31 March 2025 Objertives and activities The objects of the charity are as follows: a) To promote the relief of people who have, or who have had, cancer, their families and carers, by the provision of a range of person-centred therapies and counselling, and also to develop home visits for people with cancer to reduce isolation and promote friendship. b) To promote self help and mutual support and strive to improve the quality of life of people with cancer, their families and carers. Achievements and performance The charlty has continued to meet demand sucSsfUllY throughout the year and the support from the local community remains strongi continuing to meet all our financial needs. The current financial position is, therefore, secure and reserves are sufFicient to ensure its continuation for the foreseeable future. Financial review Incoming Resources The charity relies on grant funding and donations In order to assist it in achieving its objectives. During the year income reiVed from donations and grants totalled £96,294. Within the perlod the charity also received income of £90,679 from various other sources. Cancer Connectlons Limited would like to take this opportunlty to thank all of those organisations which provided fundlng and donations during the year, as well as those others who have provided financial support. The trustees believe that the company should hold financial reserves in order to ensure that the charity can continue to operate and meet the needs of clients in the event of unforeseen and potentially financially damaging circumstances arising, It has taken into account the reliabllity and continuance of future funding, timing of cash flows and working capital requirements, cover for unplanned emergency repairs and potential liabilities relating to staff should there be closure of a particular activity. The trustees consider therefore that it would be prudent to set aside a reserves policy of £lOO,000 equivalent to 6 months running costs. Reserves During the year the total funds of the charitable company amounted to £807,256 of which £345,980 is invested in fixed assets (the charities owned property) which are held in a designated capital reserve Free Reserves The free reserves of the trust amount to £461,275 which is felt to be sufficient to meet the charity's reserve requirement and sustain the trust's expenditure in the immediate future.
CANCER CONNECTIONS LIMrrED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (continued) year ended 31 March 2025 Public Benefit Statement The trustees have had regard to the Charities Commission's guidance on their legal duty on public benefit, and are satisfied that the charity delivers public benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertske Small company provisions This report has been prepared in accordan with the provisions applicable to companies entitled to the small companies exemption, In preparing these financial statements, the trustees are required to.. selett suitable accounting policies and then apply them consistentlyi observe the methods and principles in the Charities SORP. make judgements and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Stsndards have been followed, subjett to any material departures disclosed and explained in the financial statements, prepare the financial statements on the going concern basis unless it Is inapproprlate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that are suflicient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Art 2006. They are also responsible ft)r safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Thls report was approved by the Board and signed on its behalf by:" Mr J Carroll Director
Independent Examinerfs Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of CANCER CONNEcfioNS LIMrrED year ended 31 March 2025 I report on the financial statements of the Charity for the year ended 31 March 2025, which are set out on pages 5 to 15 Respective Responsibilities of the Committee and Examiner The Charity's committee are responsible for the preparation of the financial statements. The Charity's committee consider that an audit is not required for the period under Settion 144(2) of the Charities Att 2011 ("the 2011 Act,? and that an independent examination is needed. It is my responsibility to: examine the financial statements under settion 145 of the 2011 Att; to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act,. and to state whether particular matters have come to my attention. Basls of Independent Examlner's Statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as the committee concerning any such matters. The procedures undertaken do not provide all the eviden that would be requlred in an audlt, and consequently no opinion is given as to whether the financial statements present a "true and fair view" and the report is limited to those matters set out in the ststement below. Independent Examinerfs Statement In connection with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respett the requirements: to keep accounting records in accordance with section 130 of the 2011 Act, and to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Paul Newbold BA FCA Independent Examiner Torgersens Limited 7 Grange Road West JARROW Tyne & Wear NE32 3JA
CANCER CONNEcfioNS LIMrrED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL AcrIvrrIES year ended 31 March 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Note Income and endowments Donations and legacies Other trading activities Investment income 64,474 86,583 4,096 31,820 96.294 86,583 4,096 186,973 99,364 68,274 5,934 173,572 Totsl income 155,153 31,820 Expenditure Expenditure on raising funds: Costs of other trading activities Expenditure on charitable attivities Total expenditure 77,619 39,945 77,619 96,858 174,477 66,893 109,557 176,450 9,10 56,913 56,913 117,564 Net expenditure 37,589 (25,093) 12,496 (2,878) Transfers between funds (25,093) 25,093 Net movement In funds 12,496 12,496 (2,878) Reconclllatlon of funds Total funds brought foNard Total funds carried fonNard 794,760 807,256 794,760 797,638 794,760 807,256 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 15 forrn part of these financial statements.
CANCER CONNECTIONS LIMrrED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL posrrioN 31 March 2025 2025 2024 Note Fixed Assets Tangible fixed assets 14 345,980 354,705 Current Assets Debtors Cash at bank and in hand 15 6,372 464,086 470,458 68 444,529 444,597 Creditors: amounts falling due within one year Net Current Assets 16 9,182 4,542 461,276 440,055 Total Assets Less Current Liabilities 807,256 807,256 794,760 Net Assets 794,760 Funds of the Charity Restricted funds Unrestricted funds 807,256 807,256 794,760 Total charity funds 17 794,760 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Att 2006 relating to small companies. Direttors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act 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. These financial statements were approved by the members of the committee and signed on their behalf by:_ Mr J Carroll Director ZQ ol.zc The notes on pages 7 to 15 form part of these financial statements.
CANCER CONNEcfIoNS LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS year ended 31 March 2025 General Information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered Offi is 258 Harton Lane, South Shields, Tyne & Wear, NE34 OLR. statement of Compliance These financial ststements have been prepared in compliance with FRS 102, 'The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland,, the Ststement 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting Policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modlfled by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial ststements are prepared In sterllng, which Is the functional currency of the entity, Going concern There are no material uncertainties about the charlty's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes, Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjetted to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
CANCER CONNECTIONS LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) year ended 31 March 2025 Accounting Policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the dellvery of the contracted servi. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability Is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financlal actlvities to which it relates,. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable attivities includes all costs incurred by a charity in undertaking artivities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitsble activities. other expenditure includes all expenditure that Is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis.
CANCER CONNECTIONS LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) year ended 31 March 2025 Accounting Policies (continued) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold Property Fixtures & Fittings 20/0 Straight line 20/0 Straight Ilne Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount re1vable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliablyi the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the ststement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective eviden of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
CANCER CONNEcfIoNS LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) year ended 31 March 2025 Accounting Policies (continued) Financial instruments (contlnued) Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Limited by Guarantee The company is limited by guarantee in that every member undertakes to contribute such amounts as may be required in the event of the company being wound up,for the payment of debts, liabilities and the cost of winding up not exceeding £1 per member Donations and Legacies Unrestricted Restricted Total Funds Funds Funds 2025 Donations South Tyneside PCT 31,820 31,820 Sponsorship Joseph Strong Fraser Trust General Donations 1,000 63,474 64,474 1,000 63,474 96,294 31,820 Unrestricted Restricted Total Funds Funds Funds 2024 Donations South Tyneslde pcr 34,174 34,174 Sponsorship Joseph Strong Fraser Trust General Donations 1,000 64,190 65,190 1,000 64,190 99,364 34,174 io-
CANCER CONNECTIONS LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) year ended 31 March 2025 Other Trading Activities Total Funds Unrestricted 2025 Funds Total Funds 2024 Unrestricted Funds General Fund Raising 86,583 86,583 68,274 68,274 Investment Income Total Funds Unrestrirted 2025 Funds Total Funds 2024 Unrestricted Funds Bank interest receivable 4,096 4,096 5,934 5,934 Costs of Other Trading Activities Total Funds Unrestrlrted 2025 Funds Total Funds 2024 Unrestricted Funds Costs of other trading attivities Visitor Support Costs Fundraising Support Costs 15,877 61,742 77,619 15,877 61,742 14,994 51,899 14,994 51,899 66,893 77,619 66,893 Expenditure on Charitable Actlvltles by Fund Type Unrestricted Restricted Designated Total Funds Funds Funds Funds 2025 Counselling Support Costs Visitor Support Costs Benefits Advi Service Charitable Activity Support costs 22,480 9,409 40,177 16,646 90 62,657 26,055 90 14,878 2,588 4,042 2,588 38,519 10,836 56,913 10,836 106,268 Unrestricted Restricted Designated Total Funds Funds Funds Funds 2024 Counselling Support Costs Visitor Support Costs Benefits Advice Service Charitable Activity Support costs 19,562 43,930 18,088 9,657 63,492 18,088 9,657 15,817 2,503 109,557 5,247 2,503 10,570 27,312 71,675 10,570 li-
CANCER CONNEcfIoNS LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) year ended 31 March 2025 10. Expenditure on Charitable Activities by Activity Type Actlvltles Grant undertaken funding of directly activities Support Total funds Total fund costs 2025 2024 Counselling Support Costs Visitor Support Costs Benefits Advice Servi Charitable Attivity Governance costs 62,657 62,657 16,645 90 24,287 2,589 106,268 63,492 18,088 9,657 15,817 2,503 109,557 16,645 90 24,287 2,589 2,589 87,034 16,645 11. Net Expenditure Net expenditure is ststed after charging/(crediting): 2025 2024 Depreciation of tangible fixed assets 10,835 10,570 12. Staff Costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries 59,404 62,516 The average head count of employees during the year was 3 (2024: 3). The average number of full-time equivalent employees during the year is analysed as follows: 2025 No. 2024 No. Number of staff No employee received employee benefits of more than £60,000 during the year (2024: Nil). Key Management Personnel The totsl remuneration paid to key management personnel during the year amounted to £33,219 (2024., £36,176) 13. Trustee Remuneration and Expenses None of the trustees received any remuneration or expenses during the period 12-
CANCER CONNECTIONS LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) year ended 31 March 2025 14. Tangible Fixed Assets Land and buildings Equipment Website Total Cost At l April 2024 Additions 475,583 35,122 2,110 37,232 3,000 513,705 2,110 At 31 March 2025 475,583 3,000 515,815 Depreciation At l April 2024 Charge for the year At 31 March 2025 126,343 9,511 135,854 32,657 1,324 33,981 159,000 10,835 169,835 Carrying amount At 31 March 2025 339,729 349,240 3,251 2,465 3,000 3,000 345,980 At 31 March 2024 351,705 15. Debtors 2025 2024 Trade debtors Fraudulent Bank Payments 6,372 68 6,372 68 16. Creditors: amounts falling due within one year 2025 2024 Trade Creditors Accruals and deferred income Social security and other taxes other creditors 7,210 1,357 529 86 1,436 969 2,137 4,542 9,182 13-
CANCER CONNEcfIoNS LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) year ended 31 March 2025 17. Analysis of Charitable Funds Unrestricted funds At 31 March 2025 At l April 2024 Income Expenditure Transfers General funds Designated Fund 440,054 354,706 155,153 (106,729) (27,202) (10,836) 2,110 (117,565) (25,092) 461,276 345,980 807,256 794,760 155,153 At 31 March 2024 At l April 2023 Income Expenditure Transfers General funds Designated Fund 437,214 360,423 139,398 (94,204) (10,571) (104,775) (37,501) (42,355) 4,854 440,053 354,706 794,759 797,637 139,398 Restricted Funds Balance at Incomlng Outgolng Fund Balance at l Apr 2024 resources resources Transfers 31 Mar 2025 South Tyneside CCG 31,819 (56,911) 25,092 Total Balance at Incoming Outgoing Fund Balance at l Apr 2023 resources resources Transfers 31 Mar 2024 South Tyneside CCG 34,173 (71,674) 37,501 Total The amount received from the South Tyneside CCG was in respect of counselling costs and were expended accordingly. The transfer of £25,091 into the project fund was made from central funds in order to meet the deficit on the project. Designated funds represent the amount invested in fixed assets (the charities owned property) which are held in a designated capital reserve 14-
CANCER CONNEcfIoNS LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) year ended 31 March 2025 18. Analysis of Net Assets Between Funds Unrestricted Designated Total Funds Funds Funds 2025 Tangible fixed assets Current assets Creditors less than l year Net assets 345,980 345,980 470,458 (9,182) 807,256 470,458 (9,182) 461,276 345,980 Unrestricted Designated Total Funds Funds Funds 2024 Tangible fixed assets Current assets Creditors less than l year Net assets 354,705 354,705 444,596 (4,542) 794,759 444,596 (4,542) 440,054 354,705 15-
CANCER CONNEcfioNS LIMITED COMPANY LIMITED BY GUARANTEE MANAGEMENT INFORMATION year ended 31 March 2025 The following pages do not form part of the financial ststements. 16-
CANCER CONNEcfioNS LIMrrED COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL AcrIvrriES year ended 31 March 2025 2025 2024 Income and endowments Donations and legacies South Tyneside PCT Joseph Strong Fraser Trust General Donations 31,820 1,000 63,474 96,294 34,174 1,000 64,190 99,364 Other trading activities General Fund Raising 86,583 68,274 Investment income Bank interest receivable 4,096 5,934 Total income 186,973 173,572 Expenditure Costs of other tradlng actlvltles Wages and salaries Rates and water Light and heat Repairs and maintenance Insuran Telephone Stationery Bank Charges IT Support Costs Stationery Fundraising Support Costs 42,760 2,292 3,634 5,660 3,509 2,375 703 562 3,739 148 12,237 34,861 2,172 2,833 5,477 3,203 2,817 1,202 562 2,843 510 10,413 66,893 77,619 Expenditure on charitable activities Wages and salaries Staff & Volunteer Expenses Counselling Fees Complementary Therapy Fees Accountancy Fees Legal Fees Benefits Advisor Expenses Geneal Expenses Depreciation 16,644 1,463 40,177 22,480 2,374 215 90 2,579 10,836 96,858 174,477 27,655 3,143 43,930 19,562 2,287 215 90 2,104 10,571 109,557 Total expenditure 176,450 Net incomel(expenditure) 12,496 (2,878) 17-
CANCER CONNECTIONS LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE DEfAILED STATEMENT OF FINANCIAL ACTIvrriES year ended 31 March 2025 2025 2024 Costs of other trading activities Telephone stationery Bank etc Charges Fund Raising Costs 2,375 703 562 12,237 2,817 1,202 562 10,413 15,877 14,994 Fundraising Support Costs Wages Rates & Water Light & Heat Repairs & maintenance Insurances IT Support Costs stationery etc 42,760 2,292 3,634 5,660 3,509 3,739 148 34,861 2,172 2,833 5,477 3,203 2,843 510 61,472 51,899 Costs of other trading activltles 77,619 66,893 18-