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← Alexander Devine Children's Cancer Trust

2024-03-31-accounts

Alexander Devine Children's Hospice Service Annual Report and Financial Statements For the year ended 31st March 2024 REACHING OUTTO EVERY CHILD AND FAMILYTHAT NEEDS US www.alexanderdevine.org Company No. 05757493 Registered Charity No. 1118947

CONTENTS

PAGE
Report of the Trustees 3 - 9
Reference and Administrative details 10 - 11
Report of the Independent Auditors 12 - 15
Statement of Financial Activities 16
Balance Sheet 17
Statement of Cash Flows 18
Notes to the Financial Statements 19 - 35

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

REPORT OF THE TRUSTEES (including Directors Report)

The Trustees who are also Directors and members of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The Trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

ABOUT THE CHARITY

Alexander Devine Children’s Hospice Service (Alexander Devine) is a registered charity (no.1118947) and company limited by guarantee (No. 5757493).

We are registered as a service provider under the Health and Social Care Act 2008 to carry out regulated activity of treatment of disease, disorder and injury. We are required to register with the Care Quality Commission and the current rating is Good.

John and Fiona Devine set up the charity in memory of their extraordinary little boy, Alexander, who in early 2006 sadly passed away at the age of eight from a rare brain tumour. Their personal experience, and subsequent extensive research, let them to realise that there was a vital need for a local children’s hospice service with a hospice facility in Berkshire.

The charity was established in 2007 and has grown to become the key provider for children’s palliative care in Berkshire. The hospice building, based just outside Maidenhead, was opened in the summer of 2018.

We are a local service delivering respite, palliative and end of life care and bereavement support at our hospice, in the family home and across the community, including hospitals and schools. Our care services include Respite care, Specialist play, Symptom management, Family support, Physiotherapy and Transition support in the community, day care and overnight care. We individualise our approach to meet the unique clinical, emotional, and practical needs of each child and their family, ensuring they receive the best possible care and support.

VISION AND MISSION

Our vision is to provide a children’s hospice service within Berkshire and into surrounding counties that will give children and families a choice of care and support from a skilled team. We work closely in partnership with the NHS, local authorities and other services in delivering our care in the community and in the hospice.

Our mission is to reach out to every child and family who needs us.

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

SERVICE

Alexander Devine Children’s Hospice Service provides palliative and end of life care to babies, children and young people with a life-limiting or life-threatening condition aged 0-25. We care for a wide range of different conditions and our staff is skilled in meeting the individual and complex needs of each individual child and young person. The support we provide extends to the whole family from diagnosis through to bereavement.

Our service is vital with more than 1,370 children with life-limiting conditions across Berkshire alone. Research shows that this number is likely to increase a further 11% by 2030. ( Data source: ‘Make Every Child Count’ study by Fraser et al 2018 )

We work closely with our NHS colleagues and Children’s Community Nursing teams to ensure families have timely access and seamless care.

For children who meet our eligibility criteria our service includes:

All services are free at point of delivery and are mainly funded through fundraising activity with a small amount of support from NHS England and local integrated care board/integrated care systems (previously commissioning groups).

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

ACHIEVEMENTS

We have invested in care delivery to support quality and safe care to improve the experience and outcome for babies, children and young people who require specialist palliative care. Alexander’s Care Team is led by the Director of Care and supported by the Lead for Quality and Governance. We were inspected in March 2022 by the Care Quality Commission (CQC) and in May 2022 we were rated GOOD. We survey our families annually to understand the needs of those we support and to help inform development.

Some of the comments from our families are:

“I don’t think the team at Alexander Devine will ever know the extent to which they make my life so much easier. They are all truly amazing and I don’t know what I would do without them. I know that I can leave Franké with them and have peace of mind and utter trust that the wonderful and amazing team will love and look after my boy.” Sarah, Franké’s Mum

“We are so lucky to have such an amazing service for our family. I can truly say I would not have been able to cope as well if I did not have the support from the respite.” Alexander Devine supported parent

"Every staff member in Alexander Devine that we met so far is amazing. Smiles always, very welcoming, not just there for our daughter but for the whole family. And it means a lot for us as we are going through tough times. Thank you to each one of you." Alexander Devine Supported Parent

Care is delivered by a skilled multi professional team made up of qualified nurses, clinical nurse specialists, carers, play specialists, music therapists, counsellors, pharmacists and doctors.

Of note, the achievements this year have included:

Over the course of the year, Alexander’s Care Team has in total delivered over 18,758 hours of direct care to children and families. This excludes supervision, governance and training.

PLANS FOR THE FUTURE

During 2022/23, with more sustainable income following the Covid restrictions and successful recruitment into our Alexander’s Care Team, we were able to move forward with our plans to grow and develop all areas of the service, especially around Family Support and increasing the provision of respite and end of life support at the hospice and in the community. Due to an unexpected legacy we were able to make a surplus despite the economic climate making income generation difficult.

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

For 2023/24 this growth was continued despite the difficulty raising income to match the increasing costs due to the economic climate. The budget for 2024/25 is for costs to increase to more than £3.05 million. In the current climate it is likely to be difficult to increase income by the same extent and another deficit is expected.

The Board has reluctantly decided that it is necessary to focus on growing the fundraising team in order that income can be increased to match expenditure to slow the drain on reserves.

In addition to the difficulty in growing income the main challenge we face in continuing to grow the service continues to be the national shortage in suitably qualified nurses and carers. Whilst we have been successful in the past year in growing our team, it is a wellrecognised issue that is affecting all hospices and, in particular, children’s hospices, across the UK. This workforce problem is a priority for Together For Short Lives, Hospice UK and the NHS and the other is the expected loss of statutory funding from the local ICB..

By the end of March 2024, the number of children, young people and families Alexander’s Care Team supports had grown to 203 (2023: 165). There were 56 (2023: 43) new referrals in the past year, with many being so complex that where a visit previously could involve just one member of staff per child, it now increasingly needs two.

GOVERNING DOCUMENT

Alexander Devine Children’s Cancer Trust is a charitable company limited by guarantee, incorporated on 27th March 2006 and registered as a charity on 25th April 2007. The company was established under a Memorandum of Association which sets out the objects and powers of the charitable company and is governed under its Articles of Association. The Articles were last updated on 5th October 2017. The charity operates as Alexander Devine Children’s Hospice Service.

All Trustees give their time voluntarily and received no benefits from the charity, except for Dr Fiona Devine as she works full time for the charity as CEO and received permission from the Charity Commission to be paid for this work. Her costs of employment and all expenses claimed by Trustees in the execution of their duties are reported in note 8 to the financial statements.

The Trustees have carried out a skills audit to ensure that the Board has the necessary spread of skills to ensure good governance. They look to fill any gaps in knowledge within their contacts and charity supporters and if they do not find suitable candidates, they will widen the spread of applicants by advertising. They ask successful candidates to attend Board meetings for a period to assess their contribution before appointing them full Trustees. There is an induction process in place for new Trustees and ongoing training is available as applicable. Apart from the CEO who can remain in post, Trustees must retire every two years but are eligible for re election.

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

RESPONSIBILITIES OF TRUSTEES

The Directors are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees has confirmed that in so far as they are aware:

RISK MANAGEMENT

The Trustees regularly consider risk at their bi-monthly meetings and are satisfied that systems in place to mitigate the impact of key risks are being observed. Internal control risks are minimised by the implementation of procedures for the authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety regulations for staff, volunteers and families. A comprehensive risk register is in place which is reviewed by the senior management team on a quarterly basis. Currently significant risks are around the potential withdrawal of NHS funding in conjunction with escalating costs and the economic climate making raising income very difficult.

The charity raises money from a suitable spread of sources thereby minimising the risk to overall income of the charity. The Trustees believe that the charity will be able to sustain the service despite the threat of reduced income due to inflation and cost of living. They believe it will prove possible to continue expansion in a reviewed and measured way.

RESERVES

Given that Alexander Devine is a front-line service to the most vulnerable in our community the Trustees took the decision last year to increase the free reserve policy to 2 years expenditure.

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

Experiences over the last four years and the need for our specialist services, requires we take these steps to ensure that our charity is sustainable and resilient for those who need us. This will continue to be reviewed annually.

The revised target is around £5,115,926 based on 2023/24 costs. However, with the ongoing expansion of the service, these figures increase to £6,107,778 for 2024/25. They believe this level will enable the charity to continue its activities and make all payments as they fall due whatever short-term issues may arise. The level of free reserves at the end of March 2024 was £3,548,048 (2023: £3,660,440). Despite the recent windfall £2 million legal receipt over the last two years and an unexpected £380,000 legacy, this figure is below the Trustees target. This will be difficult to make up with a shortfall in income predicted for the next two years. However, Trustees are happy that this level of reserves is appropriate given continuing uncertainty and the expansion in service that they wish to make and they will look at what can be done to increase this. The Trustees believe that they are managing risk and have a sensible and sustainable approach.

FINANCIAL REVIEW

Total income for the year was £2,217,022 (2023: £2,416,057), showing a decrease of over 8% on the previous year. This was completely skewed by the one-off legal receipt of £200,000 in 2022/23 as well as a legacy of £380,000 in the same year. Without these, income would be over 20% up on last year. This is still somewhat less than previous years with the usual sources of income producing less during the year due to the twin effects of the pandemic and the cost of living situation. Despite this, corporate donations increased substantially and NHS donations also increased.

Expenditure on charitable activities has increased by over 19% to £2,088,279 (2023: £1,746,429) reflecting the expansion of the service and the increased running costs of the hospice. As well as increased staff we now pay the NHS for more paediatrician support. Expenditure on raising funds has increased by about 43% to £469,684 (2023: £327,719) reflecting the increased staff needed to expand income to cover the increased service.

Support and governance costs have increased by 11% reflecting inflation. Support costs have been allocated between charitable activities and activities to raise funds based on time spent by the members of staff employed in this area. Hospice costs have decreased by 3%. £188,000 of this is depreciation with £130,000 of this being building depreciation. Hospice costs are allocated between charitable activities and activities to raise funds on the basis of area of the building occupied. Despite the significant expansion in the service, due to a difficulty in recruiting staff it has not been possible to expand as quickly as Trustees would have wished. The net outflow of funds was £340,941 (2023: £341,909 inflow). The total fund is now nearly £12.135 million despite having started from nothing in 2006.The accounts have been prepared on the going concern basis as Trustees feel the charity has the resources to continue to operate for the foreseeable future.

PUBLIC BENEFIT

The Trustees considered the guidance offered by the Charity Commission on public benefit and have developed strategic plans to ensure their objectives, the provision of care and support to children with life-limiting and life-threatening conditions and their families, fall under the purposes defined by section 4 of the Charities Act 2011.

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

STRUCTURE

The day-to-day operations, strategic management and events are managed by Dr Fiona Devine with the support of the Trustees and the four senior management staff. Fiona and the senior team have previous management experience and are suitably qualified. By the end of the year the charity employed 50 permanent members of staff with 32 of these directly involved in the provision of care. Governance is overseen by the Board of Trustees who receive regular briefings from the management and timely financial reports.

FUNDING

The charity takes the fundraising regulations seriously and is registered with the Fundraising Regulator. The charity has not received any complaints about fundraising practices in the year but if a complaint was received the Fundraising Regulator’s guidance would be followed..

The charity raises funds through a variety of income streams, predominantly grants from trusts and foundations, major donors, individual givers, corporate partnerships, community groups and fundraising events. Fundraising from individuals is carefully controlled following industry guidelines and no cold calling takes place. The charity does not employ third party organisations for its fundraising.

The charity has a Volunteer Development Manager in post who has responsibility for overseeing volunteers and their compliance with regulations and best practice.

DONORS AND SUPPORTERS

We would like to thank all those who give so generously to our charity for their faith, commitment to us and ongoing support.

KEY MANAGEMENT STAFF PAY

The pay of the charity’s senior management team is set by the Trustees on the recommendation of a third-party HR consultancy, which benchmarks the roles against similar posts in other charities.

PATRONS AND VOLUNTEERS

In addition to our ten patrons, we have 174 volunteers who give up their time and offer endless enthusiasm for the charity. We would like to thank them all sincerely for their help.

AUDITORS

A resolution to reappoint Moore Kingston Smith LLP as auditors will be presented at the AGM.

ON BEHALF OF THE BOARD

Helen Johnson, Chairman

Date: 3[rd] October 2024

Page 9

REFERENCE AND ADMINISTRATIVE DETAILS

Registered company number

05757493 (England and Wales)

Registered charity number

1118947

Registered office

Alexander Devine Children’s Hospice Snowball Hill Maidenhead, Berkshire SL6 3LU

Trustees

Mr John Devine MBA BA (Hons) CMgr MCMI Co-Founder (Chairman, resigned 7.4.2023.) Dr Fiona Devine MBE Co-Founder (Secretary)

Mrs Helen Johnson (Chairman from 7.4.2023, served her term to 28.9.23 and was reappointed).)

Dr Andrew Boon BSC MD FRCP DCH (served his term to 28.9.23 and was reappointed) Mr Fraser Silvey (served his term to 28.9.23 and was reappointed) Mr Warren Tonkinson

Trustees are also Directors of the company and members of the charity.

Patrons

Founder Patron: Sir Michael Parkinson CBE (passed away 16.8.23. He will be much missed.) Lady Mary Parkinson Michael Parkinson Jnr. Rt Hon Lady Theresa May Dr Sanjiv Mata Mr Nick Parkinson Dr Peter Sebire Air Marshall Sir Ian Macfadyen CB OBE John Barley BEM Mark Tilling Lt Gen Phil Jones CB CBE DL Denise Jones

Key management staff

Dr Fiona Devine, CEO and Co-Founder Dr Helen Bennett, Director of Care Mr Andrew Rice, Director of Finance Mr Warren King, Director of HR and Wellbeing Mrs Anne Bajorek, Director of Fundraising

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

Hospice Telephone Website Snowball Hill 01628 822777 www.alexanderdevine.org Maidenhead Berkshire SL6 3LU Email fundraising@alexanderdevine.org

Auditors Moore Kingston Smith LLP Chartered Accountants 9 Appold Street London EC2A 2AP

Bankers HSBC Bank Plc Barclays Bank Plc Shawbrook Bank 128 High Street Leicester Lutea House, Slough LE87 2BB Warley Hill Business Park Berkshire Great Warley, Brentwood SL1 1JF Essex, CM13 3BE

Nationwide Building Society Kings Park Road Northampton NN3 6NW

Solicitors Russell-Cooke 2 Putney Hill London SW15 6AB

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ALEXANDER DEVINE CHILDREN’S CANCER TRUST

OPINION

We have audited the financial statements of Alexander Devine Children’s Cancer Trust (the ‘charity’) for the year ended 31[st] March 2024 which comprise the statement of financial activities, the balance sheet the statement of cash flows, and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report included within the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the Directors of the charitable charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANICAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of our planning process;

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with those charged with governance of the entity.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

USE OF OUR REPORT

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. Moore Kiveyston Smid Lop Shivani Kothari (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP

Chartered Accountants Statutory Auditor 9 Appold Street London EC2A 2AP United Kingdom

5 November

2024

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2024

Notes
INCOME from
Donations and legacies
2
Trading activities
3
Other
1c
Investment
Total income
EXPENDITURE on
Raising funds
4
Charitable activities
5
Total expenditure
NET (EXPENDITURE)/
INCOME BEFORE
TRANSFERS
Transfers
Net movement in funds
16
RECONCILIATION OF
FUNDS
Total funds brought
forward
16
TOTAL FUNDS
CARRIED FORWARD
16		 Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2024
Total funds
£
2023
Total funds
£
1,170,745
671,824
-
1,842,569
1,992,467
183,307
-
-
183,307
168,255
-
-
-
-
200,000
191,146
-
-
191,146
55,335		 Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2024
Total funds
£
2023
Total funds
£
1,170,745
671,824
-
1,842,569
1,992,467
183,307
-
-
183,307
168,255
-
-
-
-
200,000
191,146
-
-
191,146
55,335
1,545,198
671,824
-
2,217,022
2,416,057
463,814
-
5,870
469,684
327,719
1,202,075
761,344
124,860
2,088,279
1,746,429
1,665,889
761,344
130,730
2,557,963
2,074,148
(120,691)
(89,520)
(130,730)
(340,941)
341,909
17,999
(17,999)
-
-
-
(102,692)
(107,519)
(130,730)
(340,941)
341,909
6,084,967
170,282
6,219,827
12,475,076
12,133,167
5,982,275
62,763
6,089,097
12,134,135
12,475,076

The statement of financial activities also complies with the requirements for the income and expenditure account under the Companies Act 2006. All Income and expenditure derives from continuing activities.

Notes 1 to 19 form part of these financial statements.

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

BALANCE SHEET AS AT 31[ST] MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 11 6,178,324 6,329,354
CURRENT ASSETS
Stocks 1,830 3,170
Debtors: amounts falling 12 549,342 494,334
due within one year
Cash at bank and in hand 75,708 59,539
Cash on deposit for less 5,336,860 5,911,578
than 3 months
Short term deposits 307,743 -
6,271,483 6,468,621
CREDITORS
Amounts falling due within 13 (315,672) (322,899)
one year
NET CURRENT ASSETS 5,955,811 6,145,722
NET ASSETS 12,134,135 12,475,076
FUNDS 16
Unrestricted funds:
Reserves 3,548,048 3,660,440
Designated 2,434,227 2,424,527
5,982,275 6,084,967
Restricted funds:
Restricted fund 62,763 170,282
Endowment funds:
Property 6,089,097 6,219,827
TOTAL FUNDS 12,134,135 12,475,076

Notes 1 to 19 form part of these financial statements.

The financial statements were approved by the Board on 3[rd] October 2024 and were signed on its behalf by:

Helen Johnson – Chairman

Company Registration No. 05757493

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

STATEMENT OF CASH FLOWS

Notes
Cash flows from operating activities:
Net cash provided by operating activities
17
Cash flows from investing activities:
Investment income
Purchase of property, plant and
equipment
Sale proceeds from disposal of property,
plant and equipment
Transfer to deposits over 3 months
Net cash provided by (used in)
investing activities
Cash flows from financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2024
£
(398,896)
191,146
(43,056)
-
(307,743)
(558,549)
-
(558,549)
5,971,117
5,412,568		 2023
£
316,675
55,335
(30,540)
-
341,470
-
341,470
5,629,647
5,971,117

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

NOTES TO THE FINANCIAL STATEMENTS

1a. ACCOUNTING POLICIES

Charity information

Alexander Devine Children’s Cancer Trust is a private company limited by guarantee incorporated in England and Wales.

Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, despite the effects of inflation and the costof-living increases on fundraising, given the reserves held, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

Expenditure

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial instruments

The charity has elected to apply the provisions of Section11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability immediately.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial instruments classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Items costing over £1,000 are capitalised. Office equipment – 20% on cost Computer equipment – 25% on cost Hospice equipment – 20% on cost Completed freehold buildings – 2% on cost Land is not depreciated

Page 20

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors

Debtors include amounts owed to the charity for the provision of goods and services as well as amounts paid in advance for goods and services it will receive.

Cash at bank and in hand

Cash at bank and in hand is held to meet short term commitments as they fall due rather than for investment purposes.

Cash on deposit

Cash on deposit represents monies held on a short-term basis in excess of immediate requirements which are invested to produce investment income.

Creditors

Creditors include amounts due for goods and services provided to the charity and income received in advance.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowment funds represent the value of the building and land. This is not readily realisable as the donors of the land restricted the use of the land.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Further explanation of the nature and purpose of each fund is included in note 16 to the financial statements.

Support

Support costs are split between charitable activities and the cost of raising funds on the basis of the number of staff employed in each activity.

Page 21

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

1b. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

In the application of the Foundation’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Depreciation and legacies are the only material ongoing estimates in these accounts. Assets are depreciated based on their estimated useful life. Legacies are taken into account when the amount is reasonably clear and eventual receipt is certain.

Apart from this the Trustees do not consider there to be any critical accounting estimates or judgements in preparing the financial statements.

1c. OTHER INCOME

The charity claimed damages for breach of covenant over land adjacent to their premises in 2017. £150,000 plus costs was awarded by the Lands Tribunal. However, the Trustees did not think this was adequate compensation and successfully appealed during the year 2018/19. The Lands Tribunal ruling was set aside and £150,000 damages were repaid. £50,000 was awarded in costs as an interim amount on account. The net amount of these transactions amounting to a charge of £100,000 was shown in other income in 2018/19. The other party made a counter appeal but were not successful. The Trustees negotiated compensation amounting to £1.8 million which was received in 2021/22. A further £200,000 was received in 2022/23. All costs incurred during the year were treated as governance costs and are shown in note 6.

Page 22

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

2. INCOME FROM DONATIONS AND LEGACIES

Individual donations
Collections
Community
Gift aid
Corporate donations
Trust and Foundations
In memory
Legacies
Sponsored events
Clinical Commissioning Group income
Gifts in kind
Charity donations
Donation from another hospice
Department of Health Grant
NHS England staff funding for training
Individual donations
Collections
Community
Gift aid
Corporate donations
Trust and Foundations
In memory
Legacies
Sponsored events
Clinical Commissioning Group income
Department of Health Grant		 2024
Restricted
2024
Unrestricted
2024
Total
2023
Total
£
£
£
£
20,000
120,312
140,312
182,972
-
20,630
20,630
13,128
-
137,874
137,874
129,008
-
47,975
47,975
50,028
59,125
428,742
487,867
362,386
70,477
172,130
242,607
263,446
-
8,808
8,808
18,615
-
131,222
131,222
486,364
-
26,555
26,555
31,788
267,258
-
267,258
240,923
25,750
25,750
-
4,890
4,890
-
39,007
39,007
-
254,964
-
254,964
213,809
6,850
6,850
-
671,824
1,170,745
1,842,569
1,992,467
2023
Restricted
2023
Unrestricted
2023
Total
£
£
£
-
182,972
182,972
-
13,128
13,128
1,100
127,908
129,008
-
50,028
50,028
3,173
359,213
362,386
90,718
172,728
263,446
-
18,615
18,615
-
486,364
486,364
-
31,788
31,788
240,923
-
240,923
213,809
-
213,809
549,723
1,442,744
1,992,467

Page 23

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

3. INCOME FROM OTHER TRADING ACTIVITIES

Fundraising events
Volunteer events
Recharges
Sale of merchandise		 2024
Unrestricted
2023
Unrestricted
£
£
119,003
97,234
60,990
64,129
-
583
3,314
6,309
183,307
168,255

4. EXPENDITURE ON RAISING FUNDS

Staff and recruitment costs
Share of hospice costs
Share of hospice depreciation
Fundraising events and other
direct costs
Cost of merchandise sold
Share of support and
governance costs		 2024
Restricted
2024
Endowment
2024
Unrestricted
2024
Total
2023
Total
£
£
£
£
£
-
-
271,809
271,809
172,746
-
-
4,066
4,066
3,739
-
5,870
2,556
8,426
8,791
-
-
46,295
46,295
56,399
-
-
10,580
10,580
6,805
-
-
128,508
128,508
79,239
-
5,870
463,814
469,684
327,719
2023 2023 2023 2023
Restricted Endowment Unrestricted Total
£ £ £ £
Staff and recruitment costs - - 172,746 172,746
Share of hospice costs - - 3,739 3,739
Share of hospice depreciation - 5,870 2,921 8,791
Fundraising events and other - - 56,399 56,399
direct costs
Cost of merchandise sold - - 6,805 6,805
Share of support and - - 79,239 79,239
governance costs

Page 24

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Staff and recruitment costs
Other direct costs
Payments to NHS for external
pharmacy costs
Payments to NHS for
paediatrician support
CQC subscription
Share of hospice running costs
Share of hospice depreciation
Share of support and
governance costs
Staff and recruitment costs
Other direct costs
Payments to NHS for external
nursing costs
Payments to NHS for
paediatrician support
CQC subscription
Share of hospice running costs
Share of hospice depreciation
Share of support and
governance costs		 2024
Restricted
2024
Endowment
2024
Unrestricted
2024
Total
2023
Total
£
£
£
£
£
640,572
-
567,714
1,208,286
917,430
9,950
-
97,299
107,249
83,709
14,669
-
-
14,669
14,498
77,613
-
-
77,613
48,047
-
-
1,933
1,933
1,933
18,540
-
67,952
86,492
82,983
-
124,860
54,375
179,235
190,464
-
-
412,802
412,802
407,365
761,344
124,860
1,202,075
2,088,279
1,746,429
2023
Restricted
2023
Endowment
2023
Unrestricted
2023
Total
£
£
£
£
460,851
-
456,579
917,430
36,077
-
47,632
83,709
7,485
-
7,013
14,498
40,135
-
7,912
48,047
436
-
1,497
1,933
18,711
-
64,272
82,983
42,946
124,860
22,658
190,464
90,636
-
316,729
407,365
697,277
124,860
924,292
1,746,429

Page 25

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

6. SUPPORT AND GOVERNANCE COSTS

.
SUPPORT AND GOVERNANCE		 COSTS
Support costs
Staff and recruitment costs
Office rent and utilities
Telephone, bank costs,
printing and other costs
IT costs
Consultancy
Insurance
Depreciation
Governance costs
Audit fee
Legal costs (see note 1c)
Trustee expenses
Total support and
governance costs
Reallocated to raising funds
(see note 4)
Reallocated to charitable
activities (see note 5)		 2024
2023
£
£
385,010
361,018
18,775
7,671
34,379
33,755
39,540
29,698
3,107
65
26,164
24,528
6,424
6,929
513,399
463,664
18,326
13,211
9,265
9,633
320
96
27,911
22,940
541,310
486,604
128,508
79,239
412,802
407,365
541,310
486,604

Support and governance costs are split between charitable activities and cost of raising funds on an assessment of the workload of each employee allocated to support.

Page 26

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

7. NET INCOME

Net income is stated after charging:

2024 2023
£ £
Depreciation – owned assets 194,086 202,732
Auditors remuneration 18,326 13,211
Auditors other fees - -

8. TRUSTEES’ REMUNERATION AND BENEFITS

Apart from as set out below, there were no Trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023. Trustees' expenses paid for the year ended 31st March 2024 were £320 paid to two Trustees (2023: £96 to two Trustees). These sums were paid in reimbursement of items purchased on behalf of the charity. Christmas gifts costing £158 were shared between four Trustees (2023 £228 between three Trustees).

The Charity Commission has given approval for the employment of Dr Fiona Devine as CEO. Her total remuneration for the year to 31st March 2024 is reflected in the £80,000 to £90,000 banding in note 10.

9. HOSPICE COSTS

.
HOSPICE COSTS
Utilities
Depreciation of buildings and
equipment
Equipment maintenance
General running costs
Reallocated to raising funds
Reallocated to charitable
activities		 2024
2023
£
£
35,551
34,862
187,661
195,803
28,377
27,239
26,630
28,073
278,219
285,977
12,492
12,530
265,727
273,447
278,219
285,977

Hospice costs are split between charitable activities and cost of raising funds on the basis of area occupied.

Page 27

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

10. STAFF COSTS

0. STAFF COSTS
Wages and salaries
Charitable activities
Fundraising activities
Support and governance
Total wages and salaries
Employer National Insurance
Travel and uniforms
Staff training
Pension costs
Recruitment fees		 2024
2023
£
£
1,003,195
751,144
230,326
149,315
321,976
318,150
1,555,497
1,218,609
154,262
121,747
21,663
20,594
33,891
9,557
87,896
67,389
11,896
13,298
1,865,105
1,451,194

There were 24 permanent full-time employees and 26 part time employees as at 31st March 2024, equal to 36.25 (2023: 29.47) full-time employees. The average number of full-time equivalent employees during the year was 36.22 (2023: 28.09).

Two employees earned between £60,000 and £70,000 (2023 one).

No employees earned between £70,000 and £80,000 (2023 one)

One employee earned between £80,000 and £90,000 (2023 none)

Remuneration for the 5 key management staff in the year was £325,876 (2023: £257,353). The personnel are listed on page 10.

Page 28

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

11. TANGIBLE FIXED ASSETS

COST
At 1st April 2023
Additions
As at 31st March 2024
DEPRECIATION
At 1st April 2023
Charge for year
As at 31st March 2024
NET BOOK VALUE
At 31stMarch 2023
At 31st March 2024		 Land and
Buildings
Hospice
Equipment
Office
Equipment
Computer
Equipment
Total
£
£
£
£
£
7,009,292
385,249
1,562
95,751
7,491,854
-
43,056
-
-
43,056
7,009,292
428,305
1,562
95,751
7,534,910
789,465
292,305
1,562
79,168
1,162,500
130,730
56,931
-
6,425
194,086
920,195
349,236
1,562
85,593
1,356,586
6,219,827
92,944
-
16,583
6,329,354
6,089,097
79,069
-
10,158
6,178,324

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments
Other debtors
Floats
Gift aid outstanding
VAT due from HMRC
Interest receivable		 2024
2023
£
£
46,522
38,749
429,187
409,366
500
500
2,218
5,706
12,249
11,533
58,666
28,480
549,342
494,334

Page 29

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Deferred Income
At 1stApril 2023
Income deferred
Income released
At 31stMarch 2024
Social security and other taxes
Provision for liabilities
Accruals
Pension payments due		 2024
2023
£
£
28,094
44,420
(28,094)
44,420
39,271
4,812
28,094
(4,812)
28,094
28,196
60,000
60,000
156,817
194,292
15,164
12,317
315,672
322,899

In respect of the legal case mentioned in note 1c an ongoing discussion has arisen in respect of amounts due to advisors. Trustees have offered a settlement of £60,000 and a provision for this amount has been included above.

14. COMMITMENTS UNDER OPERATING LEASES

At 31st March 2024, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:

Expiry date:
Within one year
Between two and five years		 2024
2023
£
£
7,000
7,000
-
-
7,000
7,000

15. CAPITAL COMMITMENTS

There were capital commitments of £8,169 at 31st March 2024 (2023: £nil).

Page 30

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

16. MOVEMENT IN FUNDS

Unrestricted funds
Designated
Free reserves
Restricted funds
Restricted
Endowment fund
TOTAL FUNDS
Unrestricted funds
Designated
Free reserves
Restricted funds
Restricted
Endowment fund
TOTAL FUNDS		 At
1st April 2023
Net Movement
in funds
At
31st March 2024
£
£
£
2,424,527
9,700
2,434,227
3,660,440
(112,392)
3,548,048
170,282
(107,519)
62,763
6,219,827
(130,730)
6,089,097
12,475,076
(340,941)
12,134,135
At
1st April 2022
Net Movement
in funds
At
31st March 2023
£
£
£
1,301,110
1,123,417
2,424,527
4,152,124
(491,684)
3,660,440
329,376
(159,094)
170,282
6,350,557
(130,730)
6,219,827
12,133,167
341,909
12,475,076

The endowment fund represents the value of land donated in 2012 plus amounts spent on the building less depreciation.

There is a covenant in the transfer agreement that the land may only be used for a hospice, hospital or nursing home.

Designated funds were set aside by the Trustees for further work on the hospice and gardens and for ongoing maintenance for the hospice, and also to take account of the amounts tied up in fixed assets that cannot readily be realised.

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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

FUND BALANCES AT 31[ST] MARCH 2024

Tangible fixed assets
Current assets
Creditors: amounts falling
due within one year
TOTAL FUNDS AS AT 31st
MARCH 2024		 Unrestricted
funds
Restricted
funds
Endowment
funds
Total
£
£
£
£
89,227
-
6,089,097
6,178,324
6,208,720
62,763
-
6,271,483
(315,672)
-
-
(315,672)
5,982,275
62,763
6,089,097
12,134,135

FUND BALANCES AT 31[ST] MARCH 2023

Tangible fixed assets
Current assets
Creditors: amounts falling
due within one year
TOTAL FUNDS AS AT 31st
MARCH 2023		 Unrestricted
funds
Restricted
funds
Endowment
funds
Total
£
£
£
£
109,527
-
6,219,827
6,329,354
6,298,339
170,282
-
6,468,621
(322,899)
-
-
(322,899)
6,084,967
170,282
6,219,827
12,475,076

Page 32

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

PURPOSE OF RESTRICTED FUNDS

Restricted funds must be used in accordance with specific conditions imposed by donors.

Alexander’s Nursing team
Local Clinical
Commissioning
NHS palliative care
funding
Hospice gardens
Equipment & alterations
Total Restricted funds
Alexander’s Nursing team
NHS palliative care
funding
Play specialist
Local Clinical
Commissioning
Hospice gardens
Equipment
Total Restricted funds		 At
1stApril
2023
Incoming
Resources
Resources
Expended
Transfers
At
31st March
2024
£
£
£
£
£
134,005
56,905
(189,582)
-
1,328
31,000
267,258
(298,258)
-
-
-
254,964
(254,964)
-
-
276
20,000
(2,070)
(14,002)
4,204
5,001
72,697
(16,470)
(3,997)
57,231
170,282
671,824
(761,344)
(17,999)
62,763
At
1stApril
2022
Incoming
Resources
Resources
Expended
Transfers
At
31stMarch
2023
£
£
£
£
£
257,990
84,876
(203,866)
(4,995)
134,005
-
213,809
(213,809)
-
-
-
3,334
(3,334)
-
-
58,000
240,923
(267,923)
-
31,000
5,500
(2,766)
(2,458)
276
7,886
6,781
(5,579)
(4,087)
5,001
329,376
549,723
(697,277)
(11,540)
170,282

The Alexander’s Nursing team fund arose from a number of donations, which were restricted to the care team associated activities and is being spent on providing direct care and support to life limited children and their families as well as some equipment..

Local Clinical Commissioning relates to payments from the local Clinical Commissioning Groups to be spent on our clinical nurse specialists.

NHS palliative care funding is a Section 64 grant from the Department of Health specifically for the cost of palliative care in the community.

Page 33

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

Donations have also been received towards funding a play specialist .

The gardens fund was set up to raise money to construct gardens for the hospice. Donations to this fund are set against expenditure on the gardens.

A number of other donations have been received for equipment for the hospice. Some of these are restricted to specific items.

The transfers arose in respect of expenditure on gardens and equipment which was directly allocated to the balance sheet and not to the income and expenditure account.

17. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the statement
of financial activities)
Adjustments for:
Depreciation charges
Investing activities
(Increase)/decrease in stocks
(Increase) in debtors
(Decrease)/Increase in creditors
Net cash provided by operating activities		 2024
2023
£
£
(340,941)
341,909
194,086
202,732
(191,146)
(55,335)
1,340
(1,627)
(55,008)
(257,879)
(7,227)
86,825
(398,896)
316,675

18. ANALYSIS OF NET CHANGES IN FUNDS

The charity had no debt during the year.

Page 34

Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2024

19. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2023

Notes
INCOME from
Donations and legacies
2
Trading activities
3
Other
1c
Investment
Total income
EXPENDITURE on
Raising funds
4
Charitable activities
5
Total expenditure
NET INCOME BEFORE
TRANSFERS
Transfers
Net movement in funds
16
RECONCILIATION OF
FUNDS
Total funds brought
forward
16
TOTAL FUNDS
CARRIED FORWARD
16		 Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2023
Total funds
£
2022
Total funds
£
1,442,744
549,723
-
1,992,467
1,873,931
168,255
-
-
168,255
139,230
200,000
-
-
200,000
1,800,000
55,335
-
-
55,335
4,037		 Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2023
Total funds
£
2022
Total funds
£
1,442,744
549,723
-
1,992,467
1,873,931
168,255
-
-
168,255
139,230
200,000
-
-
200,000
1,800,000
55,335
-
-
55,335
4,037
1,866,334
549,723
-
2,416,057
3,817,198
321,849
-
5,870
327,719
307,506
924,292
697,277
124,860
1,746,429
1,435,150
1,246,141
697,277
130,730
2,074,148
1,742,656
620,193
(147,554)
(130,730)
341,909
2,074,542
11,540
(11,540)
-
-
-
631,733
(159,084)
(130,730)
341,909
2,074,542
5,453,234
329,376
6,350,557
12,133,167
10,058,625
6,084,967
170,282
6,219,827
12,475,076
12,133,167

The statement of financial activities also complies with the requirements for the income and expenditure account under the Companies Act 2006. All Income and expenditure derives from continuing activities.

Page 35