Teens Unite Fighting Cancer Annual Report and Financial Statements For year ending 31 st March 2023 teens:;unite FIGHTING CANCER Registered Charity Number.. 1118361 Company Registration Number.. 06111574 (England and Wales) Legal and Administrative Information Trustees J. Reynolds V. Edwards J. Mar¢hant Dr. R. Godfrey (Appointed 24 January 2023) P. Maslen (Appointed 23 January 2023) Dr. A. Sadler Acting Chair of Trustees: Julia Reynolds Chlef Executlve: Roxanne Lawrance C￿FOUnders. Debbie Pezzani Karen Millen OBE Charlty Number: 1118361 Company Number: 06111574 Tradlng address: Hoddesdon Gateway, Th8 Old Police Station, High Str88t. Hoddesdon, EN118BJ Reglstered offlce: Bratton House, Church Lane, Wormley, EN10 7QG Accountsnts: HB Accountants, Plumpton House, Plumpton Road, Hoddesdon, EN11 OLB Bankers Barclays Bank Plc. Upper Marlborough Road. St Albans. Hertfordshire, AL1 3AL Investment Advlsors St. James's Place Weatth Management, St. James's Place House, 1 Telbury Road, Gloucestershire, GL7 1 FP The trustees present their annual report and financial statements for the year ended 31 March 2023. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the Charty's Trust Deed, the Companies Act 2006 and the Statement of Flecommended Practice. "Accounling and Reporting by Charities" issued in March 2005. The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 10 have due regard to the Charity Commission's general guidance on public benefit, 'Charilies and Public Benefit,. That guidance addresses the need lor all charilies, aims to be, demonsliably, lor the public benefit. )J q• Teens Unlte's actlvltles have saved my Ille. I now feel free to be myselt. learn new and exclllng thlngs, whllsl meetlng awesome people every day. I can chat to the Teen8 Unite team aboul anything and the constant support and care for my wellbelng Is amazlng. I'm very grateful. Crystal, diagnosed with Osteosarcoma. aged 18 Contents Page A message from CEO and Chair Trustee Trustee's Report The need for our support Objectives and activities Our impact and commitment Tyler's story 10 Achievements and p8rfomance.' Beneficiaries Achievements and performance.. Operations 16-19 Achievements and performance.. Financials 20-23 Risk management 24 Plans for the future 25 Structure and govemance 26 Independent examiners report 27 Statement of financial activities 28-29 Balance sheet 30 Notes to the financial statements 31-39 A message from our Chief Executive and Chair Trustee T2ons Unite turns sweet 8lXteenl A coming- of-age celebration that sadly, many of the young people we support don't gel lo do in style. Bul as Teens Unite reaches this milestone event. it fills me with great pride lo rellecl on how far we have come over the past financial year, and share our ambitious plans for the year ahead. operational costs, and adjusted our fundraising strategy in line with the allordabilily ol our supporters. However. despite these ongoing challenges, in the past financial year we have supported more young people than ever, offering over 1,600 opportunities lo allend our activities and residential stays away from home, and our meticulous planning has pul us in good stead lo increase this number even further in the next financial year. Following the Covid-19 pandemic, this was a year of laying the foundations ready lor a full return lo fundraising events in the nexl financial year, while simultaneously increasing our beneficiary activity. lo accommodate the increased demand lor our seNices. We have persevered with our ambition of opening the first retreat In England for young people who have been diagnosed with cancer, and this vision is in sight of coming lo Iruilion. It has been a period of planning and preparation where we have been lightening our branding and communications,. slralegising our fundraising calendar lo ensure maximum engagement and income for the charity through events and chall8nggs, Alongside putting the resource in place lo host more lace-to-lace activities lof b8n81iciaries and increase the number ol hospitals the charity is working alongside. This is to not only compensate lor the vital lace-lo-lace support young people were deprived ol during Ihe pandemic, bul lo meel Ihe Increased demand for support Teens Unite continues lo experience. These achievements have only been possible with the continued support ol donors and funders, volunteers. social and hospital teams, corporate and charity partners, and most imporlanlly. by the young people we have the privilege ol supporting, who trust and believe in us. and inspire us every day. Wilhoul the support ol Teens Unite, cancer is a lonely and isolating experience. We will continue to work lo ensure the 'c' word doesn't hold these young people back from living their lives to the That being said, the relief ol coming out of the Covid-19 pandemic was rapidly overshadowed by the cost ol living crisis,. the effects of which have not only been fell by the charity seclor, bul the young people we support, and Iheir families. Cancer doesn't stop al anything. Over the last year alone, il has impacted the lives ol a further 2,5W young people in the UK., and the rising living costs are PLJlling additional strain on their mental health and emotional wellbeing. At a lime when our support is needed more than ever, the nations bells have been lightened. We have had lo account for an increase in Roxanne Lawranco Chief Executive Julla Reynolds Chair Trustee It was amazing to be able to meet people who didn't see cancer as a problem, or something that needed sympathy, but jusl a part ol you that they could also relate to. I have never opened up to people about my treatment before, but wlth Teens Unlte you can talk to others who understand. yy Becky, diagnosed with Rhabdomyosarcoma, aged 7 The need for our support Over 40,000 teenagers and young odults are currently living with concer and the losting effert more young people, through the delwery of the first dedicated facility in England fow teenagers arwj youNJ adutts overcoming cancer. These goals help us towards our taryet to Support 30,000 yovry people over the next 10 yeors. Our impact and commitment Teens Unite is dedicated to ensuring young people, who have been diagnosed with cancer, have SUPPK)rt for their physical, emotional. and mental wellbeing. We want them lo thrive in life, and nol just survive. The impact of Teens Unite's work: Cancer will continue to affect their lives even years into remission. however with the support of Teens Unite. they can start living their life in the best way possible. 100% Our commitment lo young people registered with Teens Unite is to.. felt beller connected and less lonely Provide a community where young people are united through shared experience and can conlide in, and support each other Provide a sale space where young people can be their Irue selves, wilhoul judgement Provide ongoing support lo young people - whenever they need it. and lor however long they need il IOT Provide varied and accessible support - lailored lo suit all needs and abilities, and through a combination ol in- person and digital aclivilies Provide opportunities lo learn new skills, embrace new experiences, and live a life that isn't defin8d by cancer had a more postlive outlook on life felt less anxious All of this is a¢hi¢ved through free• unlimit¢d w¢e$$ to: Regular, in-person and digital aclivities, every week Residential slays Motivational speaker events 12 week 'Empowerment Programmes, 1000/0 would recommend Teens Unite Meet Tyler diagnosed with Acute Myeloid Leukaemia, aged 18 You're excluded from the world. not having any sense of time. day or any relation to the outside world. It's even worse after you've had your treatment and trying to get ljack into a normal life. "Cancerf. I believe everyone has a fear of just that one word. I mean, you hear about it all the lime bul you never believe it could be you. Al the age 0118, 1 thought I had my whole lifè ahead of me,. this was suddenly taken away from me. and there was nothing I could do about it. Dealing with cancer is a physical, èmotional and m6nlal strain. I had gone from being an alhlelic young person. lo needing a shower seal when bathing - I was so exhausted from all the medications, chemotherapy, radiotherapy and drugs. I fell so worthless as I couldn't even complete normal daily tasks. Il's so hard lor young péople of this age group lo manage,. we're supposed lo be growing up, having lun and enjoying our teenage years. Teens Unite are a charity that makes all the difference. Being able lo ease back into socialising with other people of a similar age and diagnosis lo my own makes il so much more comfortable to talk aboul, knowing other people have gone through what I have. Teens Unite have enabled me lo focus on living lile. knowing that things are achievable even after diagnosis, and I have made friends that will last a lifetime. Even in remission. Ihey are still there for me. and I honestly can thank them enough lor what they have done or myself and so many others like me. l y 10 Achievements and Performance - Beneficiaries .by priotising the mental health of our young people, we will see positive outcomes for society as a whole. 1,600 opportunities provided to young people registered with Teens Unite to benefit from our supwrt this year - that's more than ever! Endorsement of Teens Unite from the Royal Foundatlon of the Prlnce and Princess ot Wales, acknowledging the "wonderful work. of the Charlty. We are now worklng In partnorshlp wlth: 41% 47 28 25 hospitals of registrations this year. were young people at treatment stage. Early intervention has a positive impact- il means young people are supported by Teens Unite from the start, for however long they need us for. primary care networks charities This year has been the start of significant growth in support that Teens Unite provide to t88nag8rs, young adults and their families living with the effect cancer has on their lives. Our registrations are up 21Yo on last year. More Ihan 2.500 young people continue to receive a cancer diagnosis every year, in the UK and survival rates in this age range are at an all-time high. Meaning the support of Teens Unite is needed more now than ever before. Teens Unite are a charity based in Hertfordshire, in the Southeast of England however we support young people nationally. The start of 202213 has seen growth expand rapidly outside the Southeast of England, with the East and West Midlands accounting for 25Vo of sign-ups this year. This year we havo.. Increased beneficiary registration through A strategic programme of regular communications wilh hospital social workers and paediatric oncology specialists The amplification Teens Unite's brand wilh sign up tX)sters tY)sitioned prominently throughout hospitals and on social media channels Engaging and targeted social media campaigns, fronted by former and current service users who share their stories of the impact of Teens Unite's suptM)rt Keeping young people at the heart of everylhing we do All of the above have not only supported this increase in numbers registering bul have supported our delivery against the goal of earlier registration and reduction in the lime from registration lo engagement. The latter supported further by the introduction of a programme ol welcome calls and early welcome sessions hosted via our digital delivery plattorm. Not only have we increased the accessibility of our aclivilies. bul we have also increased the variety and volume. This year we have delivered over So digital and 36 in-person events and seen the relum ol our most popular event in the beneficiary calendar. our annual residential slay, bringing together 20 young people at a lime for an unforgettable short break. In addition, lo the relum of a full calendar of in person and digital events, creating over 1600 opportunities for young people overcoming the challenges of cancer lo connect, learn new skills, and be part of a very special community united in the experience of facing a lile-threalening illness in their teenage and young adult years, we have- Stayed Connected- Digital delivery ol our lull program ol events and activities through the Covid-19 pandemic ensured that we were able lo double our support of young people. and importantly ensure that no matter where they are, they're able lo join us, do something a little different and connect with others who genuinely "gel what they're going through- This year digital deliveries have been developed lo form a crucial and central part ol our core offering and enable all young people lo register with Teens Unite lo join a digital event within two weeks of joining. Set out to prove- We can see the impact ol th8 woth we do, we measur8 pre and post event 1881ings ol wellnèss, strength and community and Can see the difference we. and our supporters. are making lo young people overcoming th8 challenges cancer brings. Young people attending Teens Unite's events directly attribute Teens Unite as giving them the confidence lo live life lo the full 100•/. feel better connected and less lonely 910/¢ noted an improvement in their mental health 81.1. feel less anxious 840/0 report improvement in their physical ability 100°/o recommend others in their situation register with Teens Unite We have continued lo ensure the Charity's use of data drives our beneficiary engagement slralegy.11 is utilised lo ensure a culture of sustainability and continuous improvement. Our surveys and evaluations contribute lo a holistic view of beneficiaries and their needs. Both qualitative and quanlilalive data are critical tools for us lo continue lo evaluate and guide improvement. Outcome measurements. linked explicably to the aims of the activities are gathered and feed into regular reviews resulting in the improvements required. So Ihal we know that the work we are delivering is making a lilechanging difference. Gone'on the road" Building relationships with hospitals across the UK has ensured that we are able lo reach more young people regardless of their geographic location- for those loo far away, or potentially loo unwell lo make a return joumey lo one of our events- we have taken our services lo them. 12 Our Beneficiary Engagement Specialists have visited Bristol, Oxford, Kent, The Midlands, Sussex, Essex and Surrey to create over 100 opportunities for young people to meet others who understand what they are going through, to take part in something new, and build supportive peer networks in their own communities - the connections made lasting long beyond the activity itself. Engaged earller- Early engagement is key to preventing long term mental health impacts following adolescents into adulthood, impacting relationships. physical health as well as employability. In 2017, engagement whist on active treatment was around rn of our annual registrations. Through 2019, this increased lo 25Wo, and in 2022, through our strategic programme with referral partners, this has increased lo 41°/.. With an increase in the number of young people registering and a decrease in the time from registration to engagement, many activities are oversubscribed, and a waiting list process has been introduced. This has proved a useful tool in ensuring that should a young person be unable to attend an event, there is someone who can slep in the fill the place. Improved acc888 & accesslblllty- We have shaped our programme to deliver more frequent events that challenge cultural and social barriers and ensure diverse and meaningful involvement of all beneficiaries. We have introduced a Diversity and Inclusion strategy where we celebrate inclusion and build understanding with monthly celebration themes. This year 420/0 of the young people we have supported are from ethnic minorities combined. Accessibility has b88n improved by the re-introduction of regular hospital ward visits and the introduction of regional meet ups with young people, ensuring that wherever they are on their cancer journey or geographically, they can take part in our powerful, molivalional aclivili8s and m8el olh8r young people in a similar situation. We understand the demographic of beneticiaries and remain determined, where possible, lo ensure the inclusion of all. Cancer doesnl discriminate, and nor do we. Partnered posltlvely - Teens Unite now works in partnership with 47 hospitals, 28 Primary Care Networks and 25 Charities. By meeting with these teams regularty and updaling them on our activities, we have created an incredible referral pathway which has resutted in 36°/o of new registrations in year coming from them. Our recent survey of our partners conlimis that they are very clear on the purpose ol the Charity with over three quarters of them understanding our main purpose to be the creation ot a community. Overwhelmingly, staff al our partners reference the posits've, uniqueness of Teens Unite's inclusive policy. Where other charities exclude young people due lo their age at diagnosis, or the lime since completion of treatment, Teens Unite does not. We have continued the formal partnership with Young Lives vs Cancer established a few years ago. which has many benefits for both parties, and we continue to be active members of the Children and Young People's Cancer Coalition, collaborating on establishing the inaugural TYA Awareness month. The Long-Term impact- This year we have learnt the true impact of cancer on a young person's ability to move forward, even years after their Irealment ends. How Adverse Child Experiences IACEI follow teenagers and young adults and continue to irnpact their ability to move on through higher education and early employment, and with this in mind are working to develop our delivery to include our programme Emwwered for Employment which will seek lo improve the employability of young people overcoming cancer by ￿/0 year on year. Al a time when it can feel like there's so much these young people canl do, we remain committed to be here lo show them what they can do. without the 'c' word holding them back. Understand the impact on the extended family- We have further learned more about the true impact ol cancer in teenagers and young adults on their siblings and their families. Understanding that around 25% of siblings of young cancer patients suffer from symptoms of Post Traumatic Stress Disorder IPTSDI., and that 96•/0 of parents feel lonely and isolated during their child's treatment. In the new financial year. we will work to develop our quarterly programme reflecting the needs of the Yorgotten family in a fight with cancer." April saw the return of Teens Unite Family Day at Paradise Wildlife Park and planned siblings days were delivered. But there Is stlll work to do In 2023 and beyond . S111131n4- Studies show that 25% of people aged 16 to 25 years, experience at least one mental health problem in Iheir lifetime. This increases lo 75°/0 where they have been diagnosed wilh cancer. We will increase the number ol young people we support by 25% year on year. Let's hear It for the boys- In th8 UK, 489/0 of cancer diagnoses in leenagers and young adults are male. We s88 registrations with us ol young males al 340A ol all regislralions. this is still higher Ihan average across the charity sector but we believe in equality SO, w6 have work to do to engage young males with our activities, connect them with others, and open up about their mental heamh. We're working with a young male. cancer suNivor who has bècome a social m6dia influencer to supwrt our prc4Jramm8 and balance the numb8r of male registrations we see. On the back of the sU￿e$S of our 'on the road. activity, we will exlend our support even further with new regional rneet ups planned in 6 new locations across the UK. Widening opportunities for young p8ople to be heard, by amplifying their voices and expanding the number of young people on our Youth Ambassador Board. Taking in to account what we have learned about siblings and parents, we will develop our "Forgotten Family" programme to include two motivational conference style events for siblings, and two parents forum style events, working with hospital social workers. late effects teams. and parents. to give the voice of lived experience, ask the *aboo' type questions in a safe and non-judgemental environment, learning and understanding from others who know what it is like to have a child facing a life threatening illness in their leenage and adolescenl years. We will work with funders to provide exceplional famity experiences that seem -out of reach" to families lacing Ihe financial hardship that cancer brings. Ensuring the opportunity for them to spend quality time logelher away from the medical environmenl, lime bolh just wtlh each other. and time with other families, creating a very special community of mutual understanding and supwrt. 14 As well as developing our programme Empowered for Employment, seeking to address the imbalance that exists for young people overcoming the challenges of cancer, where they are 1..4 times more likely lo be unemployed than others their age who have not faced Cancer, we will create programmes that focus on the young people's financial education - having faced the mental health impacts of a cancer diagnosis, these young people are at risk of impulsive spending behaviours and money mismanagement,. programmes that focus on their physical health by partnering positively with sports foundations lo create sports specific activities,. and programmes which support the young people to express their thoughts and fears through creativity through a positive partnership with a fashion brand. We will reintroduce our motivational conference, Discover You as an annual, rather than bi-annual event, giving young people the confidence to look forward positively. We will ensure that we host at least 2 residential stays each year, bringing back the Reunion Stay to ensure that those young people meeting on our residential stay can reconnect. We know that establishing and maintaining peer lo peer relationships is vital as we learn that the psychosocial impact of cancer extends for well beyond the 'remission'. Achievements and Performance - Operations Grown our Team 5,500 We￿e not just expanded our team with the recruilmenl of two Beneficiary Engagement Specialists and a Social Media Manager. but ensured we have the right skills and experience in place lo meet our strategic goals. hours have been spent volunteering for Teens Unite in the last financial year - that's the equivalenl of 3 full time employees. 10 27,000 young people, wilh lived experience of Cancer, form Teens Unite's newly introduced Youth Ambassador Board. unique visitors lo Teens Unite's website, showing increase in the Charity's brand awareness. This year has been one of growth in many important respects for Teens Unite. Engagement with the local community, buoyed by the currenl, prominenl localion of the charity's office has grown exponentially, with signilicant amplification of the brand and awareness of the cause. Charities Aid Foundation annual report confinns that across the board, charities have reported a sustained reduction in volunteering levels. this year. This is not a trend that Teens Unite have seen with over 5,500 volunteer hours given to the Charity which has enabled the two trading activities to embed themselves in the fundraising strategy. contributing additional income in year. Additionally. we have.. Grown our team- Not just grown our team but ensured that we have the right skills and experience in place to meet our strategic goals- recruitment of Beneficiary Engagement Specialists ensures that we attract and engage both young people and referral partners., drive brand awareness among these two groups., and build for the future where we will continue to grow our beneficiary numbers year on year. 16 Strengthened the Board - Adding lived experience along with professional knowledge of the needs of young people overcoming the challenges of cancer., the appK)intment of Dr Anisha Sadler, GP, this year to the Board ol Trustees, adds a further level of lived experience to our Board. and beneficiary setvice delivery. Anisha is both a GP and a cancer survivor and is now the charity's Beneficiary Lead on the Board, working with the Youth Ambassadors to consult. communicate and extract feedback from beneficiaries. We have brought in a HR Professional who has reviewed the Charity's policies and procedures to ensure Ihal we meet all legal and regulatory requirements., Additionally, we have appointed a financial lead who has almost 40 years, experience in a variety of financial service fields and has already overhauled the Charity's banking provision, saving significantly in year one., and we have add8d the considerabl8 commercial skills and acumen with an experienced business strategist. Bullt Impact to strengthen communlty- In 2020 we lormalised the input of beneficiaries in shaping delivery by establishing the Youth Board. This provides young people supported by Teens Unite with a lorum to voice Iheir needs and gives them an opportunity to make a difference to the future of the Charity, directly having an impact on the lives of other young people overcoming the challenges ol cancer. Having committed to a two-year placemenl, several of the inaugural Youlh Board members retired this year and new members welcomed, all willing to idenlify opportunities to improve the seNice provision and make recommendations lo shape future delivery. The Youth Board are fundamental in consulting, ommunicaling, and extracting feedback from beneliciaries. Young People at the Heart of our declslons- With the developmenl ol the Youth Board, we have seen these young people step up and help shapè our campaigns, improve our registration, and welcome pro￿$Se$. and represent the Charity by taking on roles ol fundraising event hosts and discussion panel members. Their voice remains critical and influential in all our major strategic decisions. Inlluen¢ed & Re¢rulted - Appointing a dedicated social media manager has helped to d￿elop a programme of social influence as a mechanism for beneficiary recruitment as well as growing all social platlonns to reach the widest audience and increase engagement. In year, 11 % ol new young people registering with Teens Unite were recruited through social media activity. Our larget for recruitment through Ihis channel in 23124 is 25%. Social channels are being utilised lo engage and educate hospital teams which to support the recruitment of beneficiaries. Showcased our Strengths- The social media manager has worked wilh the conlent leams at TikTok to launch the Charity's platform, and lo build useful. original content which will support our goal of communicating with authenticity. integrity. and purpose. Across our social channels, the young people we SUPPK)rt are keen to share Iheir stories to engage both supporters and other seNice users. This year they have bravely shared their stories of derailment. disappoinlment and delerrnination, stories of isolalion, loneliness and finding lifelong friends. They have shared how, through Teens Unite. they found strength and bu1￿ resilience and how they returned from serious illness to have happy, fulfilled lives, facing the future with strength and determination. Our website, while in need ol re4eveloprnent to ensure that tl enables us to tell our story, and showcase our impact. has been a useful ti)ol for the Charity. allowing us to grow awareness of the brand, engaging almost 27,000 new visitors this year. Working Together to Build a Better Future- Our Chief Executive has continued to play an active role in the Children and Young People with Cancer Coalition, ensuring the needs ol young people with cancer and their lamilies are impossible to ignore. The Coalition works collaboratively to reduce duplication and ensure that those unable to speak for themselves have a voice. While Teens Unite has no political standing and does not take on any lobbying or campaigning activity, we have supported members ol the coalition as they have lobbied Government, providing evidence to support their work in the form of case studies and statistics, helping to paint a clear picture of the landscape and the priorities that need to be addressed. Teens Unile remains committed to the belief thal the safety and wellbeing of children and young people is ol the utmost importance and ensure a robust process of understanding. training. and reporting of all safeguarding and child protection issues. The charity undertook the NSPCC self-review of safeguarding assessment, and while we met the requirements in lull, tcmjk steps to add the additional and voluntary policies in relation lo including beneficiaries in the recTUltment process for roles which work in beneficiary engagement. All slatt have renewed their training commitment with CPD accredited training In all arèas of thè protèction of children and vulnerable adulls both in lace-lo-lac8 8ncount8rs as w811 as digital situations. But there's stlll work to do In 2023 and beyond.... We will Introduce two major awareness campaigns which seek to lift the lid on invisible impacts of cancer and ils treatment. This will provide Teens Unite the opportunity to work with more charity partners within the Coalition. The inaugural Teenage and Young Adult Cancer Awareness Month provides the perfect platform to launch the campaign. We will invest timè in idèntifying new and impactful statistical evidence which proves the need for th8 lower-level psychosocial support oflered by Teens Unite lo amplity the voice and show the impact through the lens ol beneficiaries. Bigger Impact Greater Outcomes. We will invest in the Charity's CRM system enabling us to collect every interaction that beneficiaries, supporters, and volunleers have with us lo help us undersland them and their drivers. We will utilise this data to create tailored and personised interactions from marketing and campaigns to seNice messages. We will continue collecting and regularly evaluating data to ensure our programmes of suptY)rt are designed and delivered based on a proven need. we will continue to measure the impact and learn from it. This will enable us to shout louder about our impact. 18 Our programme of events will be extended as we seek lo address the imbalance ol young people overcoming cancer entering the woikplace, with the launch of several twelve- week empowerment programmes that will support benelicianes wilh CV writing, inlerview skills, work experience and work placement. The programmes will engage, support, and equip the young people lo make a confident return to higher education or early employment. We commit lo continue lo grow the expertise ol our team, investing in the people we employ to ensure that we have a strong, effective team, committed lo making a positive difference lo the lives ol our beneficiaries. And growing our team further to SUPFQrt the growth we lorecasl in the years ahead. We will continue lo demonslrale that we are modem, future facing and agile, embracing technology lo ensure we continue lo grow- we will use our relationships with social media platforms and influencers to engage young beneficiaries and supporters alike, recruiting new influencers through the year. Focusing on an exciting campaign with fikTok and reviewing our charity's Websrte. 19 Financial Review £100,000 6% target reached by a voluntary learn ol fundraisers, in legacy of a young person supported by Teens Unite. increase in voluntary ino)me. as the Charity welcome new major donors £159,630 296 gifted in services and goods enabling the Charity to do more of what it does well without additional costs. supporters embraced a challenge in aid of Teens Unite - from wnning and trekking, to jumping out of a plan8. Teens Unite would not exist wilhoul our incredible supporters. We would like lo thank every Trust, Foundation, Corporate body, and individual who has supported us. We thank them lor donating or fundraising lo help us extend our support lo more young people living with cancer and ils lasting effecls. Collectively in 2022-23 they helped us raise £762,764. This is a positive year end lor Teens Unite, with performance growing in all areas ol locus wrth significant scope lo build on in the years ahead. Charities Aid Foundation ICAF) UK Giving Report 2022123 confims Ihal 2022 was, on the lace of things, the most generous year on record lor individual giving. However. significant world events such as the invasion ol Ukraine, saw people's generosity focused on Ihis specth'c cause. However, the Ukraine war contributed lo higher inllalion, and this coupled with a cosl-of-ltving crisis and rising prices significantly impacted people's spending power. wilh almost 700/0 ol people saying Ihey would have lo make cuts. Their report further confirms Ihal donation levels and engagemenl wrth charities have still not reluined lo pre-pandemic levels. In 2021122, 4010 of Charity's used rese￿eS to help them Ihrough the pandemic, Teens Unite was nol and is still not one ol those, instead we are one ol the 23910 who continue lo build financial resilience during the fragile financial landscape for the sector. 20 In response to this constantly evolving financial landscape, Teens Unites, Strategy has been lo locus on building a solid foundation and associated infrastructure to ensure we are in a strong position lo support the Charity lo achieve financial growth targets, in the years ahead. We have spent lime evaluating past events, re-engaging with supporters and preparing for a year focused on fundraising in 2023-24. Ensuring these events are delivered al the right lime lo engage with the right donors and maximise giving. In year, we have seen an 11°/o reduction in income from activities generating funds. However, this was inlenlional. The Charity planned the rescheduling of two major fundraising gala events lor months where their performance would be more effective in lems of a financial return. The rescheduled events are planned for June and November 2023. Moving the second gala event lo November will ensure that the Charity can maximise on their selection to lake part in a major match fund campaign for later in 2023. The Charity vnderslands the importance of an annual financial review. and in addition lo a review ol our financial goals, ensuring they remain unchanged. we have ensured that we not been impacted by any changes. We continue with our commitment lo a culture of sustainability and lo lulure proofin9 finances, continuing lo develop new ways lo bring income. manage resources. and embrace technology. Through this approach we have.. Dlverslfled our Income - We have continued lo locus on diversifying the Charity's income and seen a shift lo onlineldigilal activity lo increase donations. Our first crowdlunding campaign lo support the charity in providing a warm community space was well supported and received match funding. We have seen a 6°/ts increase in voluntary income, compared lo last year, supported by the relum ol many ol the Charity's previous major donors. A more largeled approach and efforts to build relationships has seen income liom trusts and foundations slabilise, and new supporters recruited. We are particularly proud ol the relationship that we have established with lo the Masonic Charitable Foundation, who have seen the value in the pivotal role played by our Beneficiary Engagement Specialists and have generously provided mulli-year funding lo support this role. We are grateful lor their understanding and their generous funding which has given us the benefits of mulli-programme flexible funding. This helps us lo achieve notable cost elliciency, making programme delivery more effective, building, and slrenglhening our ability lo become lasting, sustainable conlribulors in this specific field. increasing the life choices of more young people overcoming the challenges of cancer. We have priorilised the creation ol new partnerships with organisalions who either provide "gift in kind" donations Ilhis year valued al £159,630, which is an increase on last yearl which are ulilised lo support the delivery ol our beneficiary events, provide welcome gifts or comfort packs al the lirnes young peoplè need them the most and lo raise funds through the Charity's trading aclivilies. Through these partnerships, employers and their staff are encouraged lo gel involved in a variety ol ways, which in lum ensures both receive the documented and proven benefits of partnering with a local charity. Our approach to partnerships ensures that together we can achieve bigger ambrtions and greater impacts lor more young people overcoming the challenges that cancer brings. Recruitment of supporters lo lake on independent challenges has seen income in this area increase and income from the focused partnerships wrth local businesses shows early positive results. A small-scale lottery, and two "retail" ventures are continuing to test Ihe possibility ol growing commercial income with early significant success. 21 Managed our Expendlture- Our expenditure for this year has seen a significant reduction in the costs associated with raising funds. Predominantly from the planned actions to not hold gala events in year (even though some costs lor 2023124 event costs have been incurred in this financial year). There is a planned 150/0 increase in spend on charitable aclivilies, responding lo the increased beneficiary sign up forecast, cost increase in external venue hire, and increased demand for beneficiary travel conlribulion. We guarantee our events are accessible to all young people, by ensuring travel costs are not a barrier lo them accessing our vital support. On lop of the pressure from increased demand for Teens Unite services by young people and their families and the predicted risk of reduced income, rising bills added lo the challenges that charities are facing during the cosl-ol-living crisis including the basic costs ol running an organisalion, like fuel and lighting. To miligale some of these increased costs, and in-line with the charity's lender and procurement policy, we have reviewed all supplier contracts and not been afraid lo negoliale. Best price has been achieved on fixed lermlfixed rale deals with ulilily providers: combined commercial insurances and vehicle insurances. In addition, the Charity's invested funds are also being reviewed as this year they reported losses. With support of newly appointed Treasurer, with a wealth of banking and investment knowledge and experience, to the Board of Trustees. we will continue lo review all financial activities and lake prompt and decisive action wherever needed. But there's stlll work to do In 2023 and beyond.... Looking ahead lo next year, the Charity will continue lo adopt a sustainable and diverse fundraising portfolio, combining our pre pandemic fundraising events and challenges, our newly established trust and foundation engagement with our new innovative approach lo partnerships. Collectively lorecasl lo increase income by 25.10. We will see the return of the Charity's overseas challenge lor 20 supporters lorecasl lo raise an additional £40,000,. two gala fundraising events attended by in excess of 800 guests and forecast lo raise circa £200,000 all delivered in year. Building on the relationships with have with existing, and welcoming new corporate partnerships lo Teens Unite, is a critical part of our plan lor 2023124. We have seen growth in this previously underperfom)ing income stream, bul our new strategic approach will provide an additional income slieam loi the years ahead. Our supporter relationships are important to us, and we will spend lime in 2023124 reviewing how we engage with supporters, developing processes and procedures to ensure we provide them with more ol what they need lo support us in the best way possible. We commit to reviewing the Charity's website and online donation function to make giving more accessible lo all. 22 Deslgnated Funds - As Teens Unite move closer lo realising their long-held vision of opening the first purpose build retreat lor teenagers and young adults overcoming the challenges of cancer, we have increased our designated funds by £100,000 10 £1.2m. These funds will be spent by the Charity on the specific purpose declared and for which they were gathered. Our blggest ambltlon yet- We will open a dedicated, purpose-built 'Relreal' for young people overcoming the challenges that cancer brings. It will be the first of ils kind in England and will enable us to provide more than 125 lace lo lace and 50 digitally delivered beneficiary events and 12 short (typically 2-3 day) Residential Stays, in year one, building through a phased approach lo provide support to more than 3,000 young people each year. Additionally, il will allow us lo support the families ol these young peopl8 with quarterly siblings, events, twice yearly Family Days, and an annual Memorial Day. building year on year. Over the next 10 Years The House of Teens Unite will enable the Charity lo deliver against ils vision ol helping 30,000 young people and their families, overcome the long lem impacts ol cancer and ils treatment. Re8enie8 - Following the COVID19 pandemic the Charity's Board ol Trustees increased the requirements lor reserves to be maintained al a level which equates lo approximately six months ol vnreslricled charitable expenditure. Six months is consideied a more than sufficient level lo bridge the gap between the spending and receiving ol income and lo cover unplanned expenditure during what has been lorecasl could be a turbulent cost of living crisis. 23 Risk Management Risk is unavoidable and it is not within the abilities of the Charty to completely avoid all risk. However, lo mitigate risk the Charity's Senior Management Team and Chief Executive meet with both the Treasurer and Beneficiary Lead monthly to review the Charity's performance. The full Board of Trustee's meel quarterly lo assess the major risks lo which the Charity is exposed, particularly those related lo operations and finance. All meeting details, actions and activits'es are formally recorded. All major risks are recorded on the charity's Risk Register. The Board of Trustees and Senior Management Team are satisfied that systems. policies. and developments are in place lo miligale exposure lo those risks. Income Streams Reduction ol income has and will always be a risk lor the charity sector, as a whole. Teens Unrte remain linancially viable, with adequate cash resetves and the ability to maintain ils costs in line with income. The Charity has diversified income streams lo reduce the relianc8 solely on fundraising events and will continue lo priorilise a diverse mix ol income across events, trusts & foundations, corporale partnerships, along with individual donations. In addition, the Charity will ensure that fundraising a¢livilies in the retail oullel are well advertised, engage the comrnunity, and create a whole new audience. We will continue working in partnership with High Sireel brands whose generosity ensures high quality slock ol new items are available, and that the Charity's retail oullel maintains ils USP. The Hous• of T•#n$ Unite December 2022 saw The Broxboume Borough Council reject the Charity's plans lo build a retreat, in the sile ringlenced al Barrow Lane. Hertlordshire. This was a major setback. However, il has given Ihe Charity an opportunity lo review the size and scale ol their arnbilions. This, couple(J with a more cornpetrtive housing mark8t and a morg fragile financial landscape is seen by the Charity as a posilive outcome. Assurance ol the Charty's continued commilment to building Ihe relreal has been given to donors and investors. Anyone wilh concerns about the funds and their use will be ollered thè same level of assurance. Teens Unite remain commilled to build The House of Teens Unite and have made positive progress to locate a new propety. More of these plans will be revealed in the year ahead. 24 Plans for the future There are millions of pounds being spent on curing young people. but what about their future after fighting and surviving such an illness. To support 30,000 Spending time with other teens facing the same challenges gives them l>ack some confidence and self-esteem to push forward for their future. young people, diagnosed with cancer, over the next 10 years. Professor Mufti OBE, Head of HaematoQncology. Kings College Hospital We are 8xperi8ncing a 21 V/0 increase in registrations each year from young people in need ol our vital support. To continue meeling Ihis demand. the Charity remains Committed to opening the first purpose-buill retreat in England for teenagers and young adults lo OVer￿Me the challenges of canc8r. Despite the r8j8Ction of the planning ap￿al, the need for a retreat of Ihis kind is more necessary than ever as we continue to experience a rise in the number of young people registering for our support. The Charity is in the process of finding and securing a new location. In the interim, the Charity will continue lo deliver day-t day support for young people, by hosting regular activities al external venues. For the foreseeable lulure. the Charity will continue to operate from its office at The Gateway Hoddesdon. 25 **Structure, Governance, and Management** The Charity is a company limited by guarantee and was set up by a trust deed on 16 February 2007. 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: ## J. Reynolds D. Lewis (Resigned 1 September 2022) V. Edwards - A. Bellini (Resigned 6 February 2023) - T. Proctor (Resigned 1 September 2022) J. Marchant Dr. R. Godfrey (Appointed 24 January 2023) P. Maslen (Appointed 23 January 2023) Dr. A. Sadler (Appointed 10 September 2022) The Charity maintains a Board of Trustees, a minimum of three and a maximum of eight at any time. Trustees serve a term of three years on the Board and take a lead role in supporting the operation to deliver against the five-year strategy. This involves monitoring and taking prompt and decisive action to ensure that performance and impact is achieved. The Board, too, are the guardians of our fundamental values and ethos. The Board is supported by the Charities Co-Founders Debbie Pezzani and Karen Millen OBE. The Board of Trustees meets, formally, a minimum of four times a year and host an annual AGM to ensure the Charity has a clear vision, mission and strategic direction and is focused on achieving them. The Board reviews and approves the Charity's strategic and annual plans and is committed to its own strategic plan which ensures leadership, integrity, effectiveness, diversity, openness, and accountability and well as a strategic view of decision making and risk management in line with general guidance published by the Charity Commission. The Trustees regularly review the membership of the Board to ensure that the necessary skills, experiences, and perspectives needed for effective governance are in place. The Teens Unite Operational Team has responsibility for the day-to-day management of the Charity. This team comprises the CEO supported by a team of 5 full time and 3 part time employees responsible for Operational Management, Trust and Partnership Income, Fundraising and Event Management, Marketing and Communications and Beneficiary Delivery and Support. The Trustees' report was approved by the Board of Trustees. Trustee: Date: 04/12/2023 26 TEENS UNITE FIGHTING CANCER Ir+lDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEKNS UNITE FIGHTING CANCER l ywn io lh¢ rTu5¢¢¢s on my examinatiM of the fIn￿lli ofTeens Unite Ftghiing Can¢¢r (th¢ ¢haTiiyI for the yesr ¢n¢kd 31 March 2023. R¢sponslbllltlos and of Teport As the m)st¢¢s of th¢ ¢hAr¢ry land aJ80 its thTedoTS forthe pwposes of ¢omp8ny lawl you gre r¢wsibk forth¢ pr¢psration of the fingnciBI stBiements in accordance with the requirements of Ihc CompHniesAct 2¢X)6 (the ZO(XfjActl. Having satisfied rnyEelf that the finaThcial statements of the charity are require41 to he wjdited u￿ler Part 16 of the 2006A nd &rB eligible for indepeThJenl examination. I IqKKt in te5ped of tny cxaminaiion of thtt ¢harity'$ firtan¢ial $tsittmenis ¢Mried out under swtion 145 of the Chariiies Aa 2011 lthe 2011 Acil. In ¢*T￿lI8 oui my ¢yaminaliorL I hav¢ follow¢d 811 th pplicable DirectioTrsgiven by th¢ awiEyCommission wjder secti¢m 145(5Xbl of the20tI Act. Independent ei*rnIne￿I itat¢meDt Sinc¢ th¢ ¢barity's 8ross in¢om¢ exC¢￿ed £25[l,[￿ y(wr ¢xamin¢r must be a m¢mber of a listed in section 145 of the 2011 Act. J confiTtn that I arn qualified lo undertake the exsjninalion because J am a mernbEr of . which is one of th¢ lisicd )dies. I have tompleted my examination. l ¢OTJf¥rm that NJ matters have t(Mne th my attMtion in th¢ ¢xwnin4lion giving me ¢aus¢ 10 beli¢Y¢ Ihai in any m81¢ri•1 respe¢L ac¢ouniin8 r¢¢ord8 not k¢pi in r¢sp¢¢i orth¢ ¢hariiy •$ rtqUiT¢dbyseaion 386 of th¢ 2W6A¢L or the financial sMtsm¢ttts donoi a¢¢ord wi¢h rccords: or Ihc financial $iaicm¢nts do TK*i comply ￿th th¢ a¢¢ounling Tequimncnts ofxthion 396 of th¢ 21N)6 A¢¢ oth¢r ihan any rcquir¢m¢nt that the a￿￿Tr￿ giv¢ a tn]¢ a￿1 faiT vi¢w whKh i% not a nwttcr Co[￿idered u pBrt of an independent exBminalion.' or the fJnanciHI statement5 bave not been prepared in Xc0rd￿ with the mcth(wJs and ptinciplcs of th# Stai¢men¢ or Recotmnettded Pta¢ti¢c for accourtting and Win8 by cbari¢i¢s appli¢4bl¢ w ch8riti￿ pr¢par¢n8 th¢ir a¢wunis in a¢¢¢rd8n¢¢ With the Filw￿￿7 R¢poEting StaJ¥lardapplicab]¢ in the UK#[￿ Rqxjblkc of Irelond (FRS 1021. I hawe no concems and have ¢om¢ no thr mau¢rs ID ¢oDn¢¢ti¢m with th¢ ¢x8rnuJ&iion to which attentlOD should bB dra￿ in this rwrt in ord¢r to cnablc a pro tanding of th financial stateMts lo be tt4tl*d. HBA¢countant¥ 28 Plumplon Hous¢ Plumpion Road Hoddesdon HertfoTdshire ENLI OLB 27 TEENS UNITE FIGHTING CANCER STATEMENT OF FINANCIALAcfAvATIES INCLUDING INCOfvIE AND LXPEIYDITURL ACCOUNT FOR THE YEAR EIVDED 31 MARCH2023 Current fin•n¢lil year Umrestrlrttd Unrestrlc*d Restrleted runds ruttds ntr#l 102J TotAI Total de5ign*tcd 2023 2023 2023 2022 Not Income and from: Voluniary incojnc Activities forgenernljD8 funds Invcstmcnl It￿O[￿C Other incotne 371lfA) 324.726 4,282 22,5¢X) 39.096 411.256 324.726 4.282 22,51M) 388,267 375,918 5,048 Total In¢om¢ 723.668 39.096 762,764 769,233 Illlr Costs of raIs￿B funds 233.048 23,343 256,991 317,324 Cbaritsblc aclivilics 391204 28.196 419,4 363,928 Total resourcu UPEnded 624.152 51,539 676.391 681.252 Net 8aiLslllosses} oft ttiw¢t[￿ 122.82 P2,8201 4,252 Net ID¢omlntl{oulgolDW rtsouttts before transfen 75.996 112,443) 63,553 92233 Net IDcomlngl{outgolng) r¢sour¢ before tr*nsfers 75.W6 111443) 63,553 92233 Gross transfffls bett¥£en fi IrK).(KM) B4et ￿0verne￿t ID lunds (24.(K)4) IrK).r 111443) 63,553 92233 und b91RwAs at l ApTiI 21)22 279.164 23,343 1.402,507 1,310274 •¢ 31 MAr¢h 1023 255,1￿> I.20QLK¥J 10.9 1,466.060 1,402,507 The sui¢mentof financial acti￿11¢$ in¢ludesa]I gainsarwj losges ￿lSed th theyear. All in¢om¢ and expwJdi¢ur¢dwive fr(￿ c(fjJliEIUillg*livities. Thc sfai¢m¢nl of finan¢ia] actiwties also Complies Mth th Tty4UiTemcthts for an in¢om¢ and expendits￿ ae¢oun¢ under lh¢ Comparti¢sAct 2006. 28 TEENS UNITE FIGHTING CANCER STATEMENT OF FINthCIAL ACTIN'ITIES {co￿TLyuED) INCLUDING INCOIIqE AND EXPENDITURE ACCOUNT FOR THE YEAR E.WDED 31 MARCH2023 Prlor flnanclal yeAr u￿reS￿l¢le￿ Unrestricted funds funds gener41 ¢si%n8tcd Restricted funds Total 2022 2022 2022 2022 .Yo¢es Intome and endo)Yment8 frorn: VulunLdTr iniUIIIL' Activities for gienLYaiirtbi funds Ini'¢%tsncnt incon 351,579 375.918 5.048 36.688 388,267 375.918 5.04¥ 732,545 36.688 769,233 C.'osis of raising tun(Ls 317.324 317.324 350.583 1.1.345 363.Y211 T￿tal re50urre5 expended 667.W7 13.345 6111.252 N¢1 811n￿lI05$¢51 on inv¢$im¢ni$ 4.252 4.252 Nei Ine(jmlntylo￿1g0In8Tr reSOu￿t$ btfore transfers 611.¥lX) 23.343 92.233 Gross transfers between funds. l(M).W) Nel movement In funds l(M).M) 23.343 92.233 Fund balanLLS ai l April 2021 310.274 I.￿M).{ 1.31(J.274 Fund balance5 at 31 March 2022 279.164 I.I(M).IKN) 23.343 1.402.507 The statement of financial activitles Lthcludes all gaith5 and 1055es Rrogrti5ed ith the year. All income artd expErtdilurE derive from coniithUith8 a¢livili￿. The siaiemeni of financial aciivilies also complies wilh ihe wuirements for an income and expendiiure account under ihe Companils Aci 2006. 29 TEENS UNITE FIGHTING CANCER BALANCE SHEET ASA T31 MARCH 2023 2rf123 2022 otes Fixed assets Tan¥ibl¢ asset 14 5,338 7,120 Current gssets Debiiir Invegiments C'.ash at bank and in hand 15 16 16.74> 339.333 1.107.599 16.446 359.063 1.022.398 1.463.722 1.397.907 Credltors.. Amounis falllng dut wlihln one vtir 17 13,¢M)01 12.5201 Net cutteni &&set 1.460.722 1.395.387 Total assets less current Il#bllltbtS 1.466.OfA) 1.402.507 In¢tsmi fundy 18 10.9(K) 23.343 Desig*n￿lILxl lunds Gencral unr¢slri¢i¢d tunds 19 .100.000 279,164 255.160 1.455,160 1,379,164 I.4{￿.()60 1,4Q2,$117 Thc company is lmtlilL￿ 10 ItLC excmplion from ihc audii r￿UIr¢m¢n[ coniaitlcd in scfflion 477 ofthc Companic5 Aci 2006. for Ihc y¢ar cndcd.I l March 2023. Thc dircctors acknowl¢dg¢ th¢ir rcsrrt)nsibilitj¢5 for romplyithg with th¢ rquir¢m¢nts ofih¢ Coinpanies Ad 21KIO willi resp¢ct lo accounting rerords and the PT¢paration of fi[￿￿￿131 51at¢Tn¢llts. The metnbEr% hav¢ tLoI ￿qui￿d th¢ COm￿nY to obthitL ￿ audit ofits fL[￿n￿la[ 5tal¢tTh¢nts for th¢ y¢Rr in qu¢slion in arcord&nr¢ with %eclion 476. Thetse finanlial statements have been pre￿red In a¢Lord*￿e wilh the provisions applicable lu Companies subjeLi lu Ihe small companics regime. 04112r2023 The financial %laternents were approved by the T[￿￿tee5 OtL..._..........-..... Tru5t¢¢ Comp&ny re8i5tratioll nu]tLber 06111574 TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR E.WDED 31 MARCH 2023 Accountin% policiwa Charity ittformxilon Tecns UnirL Fib?hiinb Caneer is a prii'aie company limiicd by guaraniee incorpora*d in Ingland and Wales. The r¢gisiered ottict Is Brallon House. Church Lane. Wormley. Herts.. ENIO 7QG. 1.1 Accounting convention ,Iccounis ha%'L bLCrt prLiJared in aCcordat￿e with charitys thjsi dLTh￿. Ihe Companies ACT 2006 and-'Accouniing and Rewn1ng by Chariiies.. Siaithneni of ReLommended Pratiice appliLable io chariiie5 prepar1ng Tlieir aecounis in accordance wilh the Fjnancial Rerx)nit)g Stsndard appliLable in Ihe UK and Republic ofirelaiid IFRS 1021" las aincndcd for accouniLng periods commcncing from l January 20161. The charity is a Public Bcntflr Eniiry as dcfjned by FRS 102. The charity has taken advanthg¢ of the rrfovisions in Ihc SORP for chaTiiie5 applying FRS 102 Updaie BuIl￿1n I not 10 pr¢par¢ a Stsi¢meni of Cash Flow& ThL finunLiul stutcrD¢llt¥ pryrcd ij) ¥l¢r1jD￿ which 1$ ih¢ fu￿110￿￿1 rurrcncy of thc chan'iy. MvnLi¥ry iiinvuD15 in th¢¥¢ finan¢ial ¥iaiemenis ar¢ round¢d 10 thc n¢ar¢si £. Thl Iinjin¢i£il ￿ttL1￿m￿nIS hav¢ b¢en pr¢pOT¢d ur4l¢r th¢ hi¥ioriuI ¢o$i ¢ortv¢niion. Th¢ prin¢ipo18¢¢ouiilin¥ poli¢1¢ dopi¢d ar¢ s¢1 out below. 1.2 C¥olnx concern Al Ili¥ liiMI IifuppT¢iving Ihc financial s¢wicm¢nl& lh¢ trust￿$ hav¢ a r¢osonablc ¢X￿1411￿￿ ¢ha¢ thc ch#Tily has adL4ual resour¢cs io ¢oniinu¢ in 0￿ra110￿al ¢Ki%icn¢¢ for th¢ for¢￿abl¢ fuDJrc. Thus Ihc tru*i¢cs ¢oniinuc to fydopi Ihc b70in vnL¢rn ba%is (If iKfUUnlSa¥ in pr¢pariN8 ih¢ find￿1{11 siawn¢nts. IJ C.hMrltable fundi Unr¥.%lri¥l¥J I'uiid% ire Availabl¢ for vs¢ Ai th¢ discr¢iion of th¢ trw81¢¢5 irt filrtherlt￿ of their charitAbl¢ obj¢Ltiv¢%. RK%irIili￿ fund¥ arl subjccl l(} S￿￿1r1¢ Col￿1110nS by donors 45 ￿ l￿W ihcy rnay bc uscd. Thc purp05C5 and uscb of Ihc rcstrictcd fund5 arc 5cI oui irl Ihc nolc5 to thc financi41 slalcmcnts. EndowTheni funds are subjcci io specific conditions by donors that the capital mus¢ be main¢ained by the charity. IA In¢￿mI￿R ￿￿ourtC Inioiiii ib Ncognisid when the charity is legally eniiiled 10 il after any r£rforniance conditions have been met, the amounis can bc measurcd rcliably. and li is Probablc Ihai incomc ivill bc nxcivd. C&%h donations aTe reCo￿lSed ort teceipt. Other dortat10115 aJe reco8rti5ed once the charity has been notified of the dondiion, Iinless pcrtomiante ¢ondi(ii)ns require deferral of the amount. Incoine tdx recoverdble in reldtion to donation undir GLft Aid ur ￿'¢d5 o[cu￿*nanI is at thc (imL 4>fihL ¢Junaiion. Legacie5 ate recogni5ed on receipl or oihetWi5e ifihe chatity has been nolified of an impending di51Tibulion, the atnounl is kno￿￿, dnd rtteipt i5 expected. If the amouthi is noi knowrt, the legacy is tredied as a coni]n¥eni a5sei. Gitls and s¢rvic¢s in kind are included in th¢ a¢￿Unts ai fair view. Inc(Hn¢ is included in donation5 and exp¢ns¢s includ¢d in th¢ r¢l¢vanl ¢X￿lJIt￿re cat¢gory_ A grani ihai S￿¢trIeS perfomiance condiiions is recognised in irthme when ihe perfomiance condiiions arc m¢t. I￿There a grant do¢s not specify rtrtomiance conditions it is recogni5￿ in income when ihe procttds are r¢ceiv¢d or r¢c¢ivabl¢. A grant received b¢for¢ th¢ r¢cogniiion critrria ar¢ satisfi¢d is r¢wgnis¢d as a li8bility. Sale5 uf dunaied ¥uud5 aTe ￿l0¥￿ised Only when ihese Ilem5 ate 5vld it 15 LonsideTe41 lu be impTaLlicable 10 i'alue thtte gL*xls reccipi. Stocks of uttdistribuied do]￿ted goods are noi valucd for balancc shcci purposcs. 31 TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR E.WDED 31 MARCH 2023 A¢countlng ptslltle5 Icothtlnuedl 1.5 Re50urfes expended -411 ¢xtKnditure is ac¢ount¢d for on an arcruwls bJsis and is inclusive of i￿C¢0ve1ab]e VAT. 1.6 Tangible fixed assets T&n¥iblL' fixLd are inilihlly measuted ai cosi subse4uenily measured kni COSI OT valuaiion, of dtpreeiaiion and any impairnieni losscs. tkprtciaiion i_4 r¢iognis¢d to wriie off th¢ cost or ValU￿10n of assets less their Te5idual values over their useful Iivcs un th¢ followin¥ b￿S.. Computer equipment Fixiiires. fillings & ¢quipm¢ni Motor i'ehicles 25°/• straighi line 25°/. r¢ducin8 balan¢¢ 25V• reducing balanc¢ Th¢ gain or loss aTisin8 th¢ disposal of &SSd is d¢icmiin¢d LS th¢ diff¢rcD¢¢ b¢iw¢¢n th¢ ssl¢ pro¢¢¢ds and th¢ Lsrrying value of the 4Lssei, and is rttogni&ed in the stsknneni orrinancial aLiivilies. .7 Inve$¢m¢nt$ L'urreni a4sei invesimenis are stated ai market value. 1.8 ImpAlrm¢ni of flxed asset$ Ai eJih rL'lX)rtJnbi L'nd datL'. Ihe chariiy rel'icws ihe carying amounts of ILS tsn&iiblc as%cis 10 dcicmiinc whL•ihLr IhcrL 1% any IndiLdiion thai Iho%¢ asscis havc %uifered an impaim)cni lo￿%. Ifany such indicaiion cxi81%. Ihc rccoi'eT¥hle ainouiil of the asbct is c>iimaicd in Ordcr ￿ dclcrniinc ik cxTht ofthc impainncnl loss lif any). 1.9 Cash Ind ¢*Jh wulv*lentJ h and ¢a%h k4u1￿￿1￿nl5 cash in hJnd, d¢￿iSits h¢ld ol call with banks. 4)ih¢'r %liort.I'Tni liquid li1￿¢&1111￿￿1% with thri8in81 mattiTilicg of Ihrcc monihs OT less, and b9thk overdrafts tlank thvcrdran￿ arc showm within FknTrnwiii¥4 in urr¢n¢ liabilili¢s. 1.10 Finathti#l instrumert15 The charity has clceicd 10 apply ihc provisions of Scciion I I 'Basic Fitwicial Inslrumcnts, and Section 12 '01hcr FinanLial Instrum¢nis Issucs. of FRS 102 10 all ofits financial insiruincnts. Financial instrum¢nt5 ar¢ r¢rogni5¢d in the balanc¢ 5h¢¢t wh¢n th¢ chwity I￿Orn¢5 paTty to the Contractual provisions of th¢ instrutn¢nt. Financial assets and liabilitie5 aTe otT5d. wilh the nel am(IU1115 pre5eiiied in ihe firtancial 5talements. when iheTe i& a le¥ally enfurLeable ri¥ht 10 Sei off the recowJJ5ed amouthts *tMI theJE ￿ art Lthiethiion to settle on a nei ba51s or kn realise the asset and seiile the liability simiilianeously. Ba4ic financial a55els. whi¢h includ¢ d¢btor5 a[￿ ¢ash and bAnk bal￿r￿¢s. ar¢ initially Inea5ur¢d at tran￿¢t1017 pric¢ including tTansactlOTi Costs and ate subsequently c3ttied 3t amotti5ed c05t using the effective inteTest method unless the arrangetnenl cvn5tilule5 a financing transaction. w'here the trut￿ctIon is measured al ihe PTesenl value Of the future receipis distounkd ai a markd rate of inieresi. Finajjcial assets classified as receivable wiihin one year are not amoniscd. TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR E.WDED 31 MARCH 2023 A¢countlng ptslltle5 Icothtlnuedl BNsicfinunciolliabilirie5 13L4ic financial liabilities, includin¥ ¢r¢dits)rs and bank loans ar¢ iniiially T¢cognis¢d al transaction pric¢ uiilefis th¢ a￿￿￿eMent Lonstilulcs a fJnancin¥ tra[￿1]0n, w'here the debi iThsm]menr is tneaSUTed al the present Nalue of the future paymL'nls diSLounLL'd ai tt markel faiL of inieTesl. Firkn%ncittl liabiljrits Llassifiui as pdyablL wiihirt one yLar atL' noi amortiscd. tkbi insiruments are subsequenily carried ai amortised COSL using the ¢￿￿1ve in*Tesi rate meihod. Trade crediior% are obligaiion4 10 pay for go(￿5 or S¢Tvices Ihai have been acquired iii Ihe ordinary course ofoperalion from supplicrs. Amounts payabl¢ are cl&&sifJcd as curyeni liabiliiies if rtraymepi 1% duc within OD¢ ycar or Ic8s. If noi. thcy ar¢ prcsLntl￿ ds non-curr¢nl liJbiliiics. Tradc crd1t0￿ arc rwogniscd initially ar transacrion pricc and subs¢qucnily TnLJsurid Jl dtnurtisui ¢(bl usin¥ th¢ Eff￿11￿¢ ini¢r¢si m¢th IlllUiLd holiday eniiilemeni is reci)8nis¢d in lh¢ in which th¢ employee's services are receivLd. Terminaiii)n benefiL% are reLY)gni.sed immediaiely as an expenv when the chiriiy is demoiisir8bly Lommiiied if) ierininaie thl, L'mploymeni of an L'mployi* or 10 proviik. ILnninaiion b¢￿L.rIL$. 1.12 Retlrement benellts Paytnent% l() d¢fined c(Intribulion reiiT¢m¢ni b¢nefit xh¢m¢5 4r¢ ¢htsrged 48 on exp¢n¥e ?$ they fjll due. 1.13 Legse8 Rinials payabli undir oFKraiin¥ I￿￿. includin¥ aThy Icasc inc¥niivcs rccLivd. arc charyid as an cxpLnsL on a straighi linc basis ovcr ¢hc t¢mi ofihc Tclcvant Icw. Crltlclll gr¢oun¢ln% tstlmates and Judgements In th¢ application of Ihe charity's ￿￿o￿￿ting FK>liri¢& lh¢ tru51¢es r¢quir¢d lo m&k¢ jud8emciitS. ¢51itnates aiid a%siimpiions abnul the catryin8 amount of Lk4els al￿ liabililie5 that ate noi readily Bppareni fmm niheT ￿TruTCe￿. Th¢ C￿timate5 artd a￿￿¢lated assump¢ii)ns are ba¥ed hisiori¢al experience at￿ other fa¢tor5 that are ¢onsidcrcd lo be relevant. Actual results may differ from these estimates. The estimates dnd underlying th5sumpiions are reviewed on an ongoin8 basis. Revisions 10 a¢¢ouniinB esiimaiL'S are xognisid In pc￿￿{ in ￿.h1¢h IhL Cslimaic is r¢vised wh¢rc lh¢ r¢vision alYLx15 only Ihai pcnod, CIT in Ihc pcri￿ or thc revision and fuNrc ￿10￿5 whcrc Ihc re￿.is1on aff￿ts trf>lh currcni and fuwrc ￿ThodS. TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR E.WDED 31 MARCH 2023 Voluntsry income Uthre5lri¢trd general fuDds Reslri¢trd Toi*l 2023 Total 2022 Grants. gifts and donations Lvvid-19 support grants Donaicd 8oods and servi¢es 212.530 39.(k)6 251.626 178.280 63.446 146.541 159.630 159,630 372,160 39,(K)6 411,256 388.267 For ihe year ended.I l March 2022 351.579 36,688 388.267 A¢ilililv$ for %¥th¢ritlu% fund$ Unr¢strl¢itd Unr¢siri¢i¢d %eneral Z02.1 gLncral 21122 undrni$inB eveni% Chariiy Shop incumc 241.855 313.6¥5 62.233 324,726 375.918 In•estment Income Unrestrfctpd u11￿41￿cl funds funds gtnergl g¢n¢rBI 2023 2022 Inci>tne fvotn listed inve%ttnentS Interest receivable 3.091 4,985 63 4,282 5.048 Other ith¢vmt 2023 2022 Pioperty detx>sit iefund 22.500 TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR E.WDED 31 MARCH 2023 Costs of rai5in% fund5 Unrestricted funds general Restrieted fuDd Total 2023 Total 2022 Siaging fiindrdising Lvenis Chariiy Shop eXp¢[￿S SiatTLOSIs Share of sUp￿rt C0515 Isee n￿¢ 91 SharL' of8overnance costs (see th)ie 91 IXl.161 7.835 117.345 14.(A>Y 3.698 133.701 411.949 119.643 7.835 140.688 23.343 3.698 3.058 233.(A8 23.343 ?56.991 317.3?4 Charftxhle actlvltles 2023 21122 SiulT¢usl Tlins LvcnLs and aciiviiies 189.495 171.932 42.61111 Lc¥al and PTufc55ional fcc5 361.427 46,?62 271.YO(? 79.891 12.231 Share of %upport ¢th%i% 1$¢¢ rt(bt¢ 91 ShaN of govirnancL C0515 ISCL note 9 419.400 363.928 An4lv%ls b) fund Unrc%lTiclcd tunds- B¢th¢ral Rcstricicd fund5 391,204 28,196 350.583 13..145 419,400 303.928 TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR E.WDED 31 MARCH 2023 support and %overnanee costs Support Costs Goiernan¢e ¢osis 2023 2022 Basis of alloeation Siaff LN)sIS D¢pr¢ciation PremiSL Mnior and tyavel Prinling, pK)sitt¥¢, siaiioTh¢ry and ielephorte Informaiion technology Bank, credit card and ju%i&yivin&y LhargL SiulTLxp¢n%L Llgal and priife&sional fees l)thLr cxpcnses 16.237 1.78? 21,851 2.265 12.409 ?8.646 1.782 21.851 28.350 2.373 51.944 1.226 3,453 8.435 3.453 11.435 11.730 &.414 883 4.057 883 4,057 5,570 1,30? 760 918 A¢¢ounthn¢y 2.5RO 60.871 15.409 70.280 115.153 Analy%Ld h¢iwc¢n FiindrdiNin Chdrilllbl¢ 8¢tiviti¢$ 14.(A19 46,26? 18.307 57.973 23,031 92.122 60.%71 15.40 7fi.?110 Support atld governance cosls are allocated between fimdraisin8 and charitable actLviiie5 as dciidcd by Ihe Iru%le¢s baNed on whai Ihey consider io b¢ a rcawnablc IneasuT¢ of liviiy. Thi5 y¥ar ih¢ rniio is 24.76. y¢ar 11 w'as ?0..80. 10 'rruyiteJ None of the tru51ee5 lor any cothnECtcd with them) ￿ceiVed any Temuneration during the year and were not reimbursed for arty expertsts. TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR E.WDED 31 MARCH 2023 Emplo>'eos Numb¥r of emplts?¢¢s The avLYage monrhly number of employees during the year was". 2023 Number 2022 Number Lhariiable aciiviiies. fund-rnising and SUp￿bn Emplo)'ment ¢osts 2023 2022 Wa¥¢¥ and saluri¢¥ Sucial yecuriiy costs Othcr p¢nsivn 32S,784 26.462 6,583 294,355 6,32¥ 35X.N29 326,1 The number of employees Who￿ annual remuneraiion was £60.(KKI or more were.. 2023 21122 umber umber £60.0(￿- £70,IMM) 12 Related partl. tr*thsA¢tlon$ Remuntrallon ofkt%' monxgement ptr50nDel Thc rcmuncralion ofkcy managcmcnl I￿[sonn¢1 is as follows. 2023 2022 A￿rC¥al¢ compcn5aiion 97.8fj0 102.215 TransActlon5 vlth related pArtles t)uring th¢ year the charity eniered into th¢ following tran5JCti(ms with r¢lat¢d pJrti¢S'. 2023 2022 Other relal¢d parti¢5 1,648 1.648 13 Taxation The chatity is exempi from lax on income and gains lalling wiihin seaion 505 of ihe Taxes Aci 1988 or section 252 of th¢ Taxationof Chargeable Gains Act 1992 to the exieni that these are applie4J to irs chariLqble objects. 37 TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR E.WDED 31 MARCH 2023 14 Tan%ible fiTod gssets CoMp￿terFlI¢￿rrt nitli%s Moior l'ehlcks & ty￿1￿MEthI TotAI Cost Al l April 2022 7.556 96.750 19.617 123.923 Al 31 March 2023 7,556 96,750 19.617 123,923 Deprt¢l*ilon *thd Imp*Irmetht Al l April ?0?2 [kp￿rial1Oll char¥¢d in th¢ year 7.556 92.247 1,128 17.olx 654 116.803 1,78? Al 31 March 2023 7.556 93.375 17,654 118,585 C*rrylrtg *mouni Ai.31 March ?n2.1 3.375 .963 5.338 Al 3 l March 2022 4,503 2.617 7.12 IS Debtors 2023 21122 Amounts falllng du¢ wlthln on¢ year: ()ther debtor8 1fi.79() 1(1.44(? 16 Cyrrethi #s$et Investm¢rttS 2023 2022 List¢d inv¢5tm¢nts 339.333 359,063 17 Creditor5.' amounts f4lling due wilhin one 2023 2022 Accrua15 and def¢rr¢d incorne 2.520 TEENS UNITE FIGHTING CANCER NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR E.WDED 31 MARCH 2023 18 Ro5trictod funds The income fund% of the ¢lLaTiiy in¢lude rntti¢ied ful￿ ¢tsJnpti5ing th¢ following u]Jexpthded balan¢e% of donatiot14 ¥rdnts held on trust for S￿lfIL putlM>SCS'. -Ilovement kn futtds Rewur¢ts exptnded lotrtmelli In futhd5 Fitwwrce$ ¢xpended JI MArfh 21b23 Bil*Trc¢ *¢ ur¢¢8 Shop salaries grani Teens aciiviiies 36,688 113.3451 23.343 {23,3431 {2X.1961 39.096 36.688 113.3451 23.343 39.IW* {51.5391 10.y(xi 19 Deslgn*itd funds The inLome fun&s of Ihc chariiy include ihe followin8 designa*d funds which have bccn sd aside oui of unTe%lriLtcd funds by Ihc trus￿¢$ for S[￿c1fiC pUT￿Se$.. *l*o¢t *1 Aprll 2021 B*l*m¢t li Aprll 2022 JI Nlwrrh 2UZ3 Thc Hou8¢ ofTc¢n5 Unil¢ I,(KK), I￿,(Xxl l.l(K),I 100,000 1,200,000 I.(KK), I￿.[XKj l.l(K).I IOD,(M)O The CharLly'S £1.200.IKK) designaied funds re[￿ed ai the end of the financial year have aside 10 be uscd 8olely for purchasing land and develvping the House of Teens Uniie. These fund5 will be spent by Ilie CliaT11y on Ihe 4peeific PUTPOiI d¥LlaNcl aiK)v¢ by Illi of Ihc finanLial ycar 2025126. If by ihis iimc. Ihe funds havL noi bLLn u5id for thc sp¢cItIC pu￿05¢. Ihcy will k rclcascd ar￿ r¢all(Karcd. Thc usc of Ihcsc funds for aiiy purposc than tha¢ outlin¢d musi E¢ gre¢d by Ihe Board ol'Trusl¢¢s in a fflajoTiI)' d¢cision ¥¢ an ExvH(Kdinory (i¢n¢rBI M¢¢iÈn8. 20 of net ass¢t$ brtwetn fund5 Ullrestricied Deslgll*led Restrl¢le funds funds d funds 2023 2023 2112J Total LDreslrl¢ted Deslgn*led Restrlcled funds fund5 funds 2022 21122 2U22 Total 21123 2022 Fund balance5 at 31 March 2023 dre rLpresenied by.. Tangible as5et5 Currcnt 5,338 5.338 7.120 7,120 249.822 1.2¢X).(xK) 10.W 1.460.722 272.¢)44 1.IINI.(x)o 23.343 .395.387 255.160 1.2¢A).I lo.￿ 1.466.0 279.164 I.1(￿,(m)0 23.343 1.402,507