Charity r•gistratlon number 1122393 Company reglstration num￿￿ 06324356 (England and Vlalesl THE MARY HOW TRUST FOR CANCER PREVENTION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE MARY HOW TRUST FOR CANCER PREVENTION LEGAL AND ADMINISTRATIVE INFORMATION Trustsès JARoss J H Barder D P Math￿On C Meeking N Slanbury C SL¥ramanga JHGEIIis (Apponrted 16 0(*ober 20231 Chaflty numb•r 1122393 Company number 06324356 Princlpal address Unit 1 & 2 The Colonnades 17 London RoAd PultKsrough Wesl Sussex RH20 IAS Reglsl•red offi¢t Unit l & 2 Tho co[￿nadeS 17 London Ro Pul1)orough West Sussex RH20 1AS Ind•pend•nt examlner Carpenler Box Amelia House Crescent Road Worthing West Sussex BN11 1RL Investmént advlsors Quilter Cheviot 1 Kingsway London WC28 6AN THE MARY HOW TRUST FOR CANCER PREVENTION CONTENTS chaiml￿'S ststement Wel£x)me from Ihe Chief ExecutNe Trustees. report 3-10 Independent examinerfs report 11 statement of financial actiwtbes 12 B0￿nCe sheet 13 Slatemenl of cash flows 14 Notes lo the financtal statements 15-28 THE MARY HOW TRUST FOR CANCER PREVENTION CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 l am pleased to present tho annu81 report aThJ finanaal statements for The Mary How Tntst for Cancer Prevention I'The Mary How Trust'l for the year ended 31 March 2024. It has been another very sU)￿Sful year for our charrty. This year 19 OLFr 3￿ anniversary and you will see from the endosed finar￿la1 statements Ihat we reathed signfficafil milestones this year. We screened a re￿rd n¥Jmber of over 2.800 people a nèar 50% increase Dver the previous year, and consequently referred more. who showed potential slgns of eaty disease. to their GPS thus fijrthering our mission to Pfomole health and wellbeing across all sectsons of our commLSnity. For the first tsme, the charity's income came in at around £1 m. largely made up from donatsons and other fund-raising inTtiatives. and this gives us the rol)ust financial platjomi that we will need as we look to expand fijrther and help peoplè. As a resutt of our continuing slrong performant*. the Board of Trustees has reassessed Ihe longer-tem goals a￿1 agreed an ambitlous fiv￿year grovAh plan for The Mary How Trusl, whid) wll see us expand our coverage and launch new Com￿l￿entsry se￿￿ and I look foNard to working wth Ihe team to deliver these goals. The suffess of Mary How is the reS￿l of Ihe exoptional commitment of our stsff and V￿UnteerS led by Lyrida v0￿e5 our CEO. The Trustees are immensety grateful to thèm for their hard work and ongoing dedicAti)n. We would also like to thank all lor you fly your continue¢J SUPF¢rt for this very special chartty. We believe we a￿ in an excellent position to continue to expand our reach and the serwces we offer. thereby improvirMJ health outeomes lor evèn more peo￿e. rr John Ellis Chaimian Dated: ... I,,IwL4 THE MARY HOW TRUST FOR CANCER PREVENTION WELCOME FROM THE CHIEF EXECUTIVE FOR THE YEAR ENDED 31 MARCH 2024 As w9 dose the financial year to 31 March 2024. we do so with an overwhèlming sense of pride and accompllshrnent. This year ha5 rnarked an outstanding pericxl of pn)gress for The Mary How Trust, both in tern￿ of our finanaal stability and the 5tn.des we have made lowards achiewng our rnission. 11 ts vthh great pleasure that we share the highlights of our achievements and finanoal perfornianc8 wrf(h our valued supporters. partner5. and stskeholders during what has also been a very special year- our 35th knnwersary. Our unwavering commitment lo improving the heamh OLrtrA)mes of irHINkluals in our o)mmunty r8rnains al the h8art ol everything we do. The importance of earfy detectson and p￿ventiOn through health screening cannot be overstated. Our mission is firrr,ty rooted in the belief that "preVen￿n is better than uJre,' a princlplè that has guided Us for over thiee deogdes and continues to inspire every action we take. This year. wè have again expanded our health screening services, reaching mor8 indiwduals and saving more lives through eart￿r diagnosis and intervention. In our 35th year. The Mary How Trust ha8 not onty sustained rts critical health scr&ening sorviw but also educaled inspired, and emrx)wered even morè peoF48. We believe thai knowledge is the foundation for making informe(i haatth decisions, and through our screenings. we aim to ernpower individuals to tske control of their health and well- being. It has been incredi￿Y f8wardiThJ to witness the posibve OLbtcomes of our work. knowing that our efft)rts are eontribukng to a healthier and more infonneil sooety. Looking ahead. we arg exc¥ted io continue with our 5-year plan that wll see us grow. expand our ￿ach. and further develop our impact. The road ahead is filled with opportunib"es, and we are fvlty committed lo realising our wsion of a future where earty detection arml prevention are accessible to all. We know the challenges we face, but we are driven by the knowledge that our work saves IN8s, arKI wrth your SUPKM)r¢ we will continue to do just that None of this year's success would have been p055ible wilhoul the urmaveiing support of our team and community. I would like to express my thanks to all th￿ who have suptK)rted us over the past year. Our achievements are testament lo Ihe ¢Yedication of our Board of Tntslees, the hard V￿r￿ and commttment of OLsr ernployees, the invaluable contribvbons of our volunteers. arKI the generosty of our donors and supporters. Your support fugfrs our mission and strengthens our ￿SolVe to makè a FX)sitive drfference in the live5 of those we serve. As we enter another ￿ase of growth. we are wr to continue ¢)Jr lrf&saving work with thg knowledge that logother, we are making a lasting impact. The Mary How Tnjst remains de&￿Y commtited to the health and well- being of our community. and I look foThvard lo our continued partr￿lShip as we slrive for a health*r. mor8 infom)ed future. Than ou for slandlng with us as we save l¢ves through garlier diagnO￿S and prevenlion. Lynda VovAes Chief Execu ve Dated. 1> Icer THE MARY HOW TRUST FOR CANCER PREVENTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial ststements for Ihe endea 31 March 2024. The finanaal 51at8ments have ￿en prepared in a¥widai)(t byiih the aG¢ounting pol¢cl￿ 88t out in note 1 to thp financial slalemènts and cornply with the charity's goveming d0￿Ment. the Compan￿$ Art 2006 and 'Accovntsng and Reporting by Charities.. Sl8tsmenl of Recommended practi￿ appficable to charities preparing their accounts In accordance with the Financial Repo￿ng StsrKlard appli(xble in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191". Since th¢ charitablè company qvaliffies a5 small under section 382, Ihe strategiG rewt required of medium and large Cofnpanies under Tho Companies AGI 2006 Istrategic RepNt and Directo¢s Report) Regulations 2013 15 not required. Objectivos and •divities The objects ol the Chari￿bIe cornpany as sot out in its Memordndum arKI Articles ofAssociation are.. To prevent sickness by providing 8 Health Screening seryic8 with the aim of detecting all types of cancèr in p8￿C￿lar, lrffrthreatenirwJ disease5 in general, and to make this Servi￿ available to all adtjlts. To 8dvance public edueation in general health matters. and in Ihe prevent￿n. and detection, of cancer and other Itf8-threatening diseases. Actlvities for a¢hieving obje¢ttves The charity is dedicated to fulfilling its mission by opfenng a th0￿Ugh heallh screeiiiiiy and advisory ¥eTh¢ce, ￿th a special focus on early detection of cancers and other life-threatening conditions. This Ser￿￿ 15 extended to self-referred, asymptomatic adults 89Èd 18 years and above. Our (4inical team conducts health screening consulkalions, which encompass ultrasound scans, catering to indtvHJuals from diverse backgrounds. To better accommodate the growing demand and minimise Wa￿.￿g limes. our servi(* has trans￿"0￿ed to more expansive facilities. allowing Lts to continue and bToaden our healEh screening se￿ice& Wthin the communty. The Board of Tru$taa8 h3$ considerad thè oiiidan¢* provided by the Chariiy Commission when determining the activities that the charity should undertake. Maln actlvltles undertaken to further the charrty's purposes for the publk benefft The Board of Tnjstees has taken a proactive approach in aligning our activtties with the Charity Commission's guidance on public benefit as OLrtlined in PBI, PB2. and P83. Our charitable initiatives are planned to have a meaningful and positive impact on the lives of our diverse community. In accordan￿ with OUT charitable objectives. we offer heath screenings that (x)st appffjximately £350 per person lo deliver. Instead ol Gharging a fixed fee, we invite donations bas8d on individual financial capaaties. ensuring accessibility for all. Our overheads and Gapilal nèeds are effectively SUFPOrt8d through OLÉr charity shop. varigtjs fundraising activities. and the generous coniributKJns ol our sEJpporters. including grants, donations. and legacies. Our mission is to provide health screenings and wellness ad￿￿ to every adult in the community without bias or discrimination. maximising benefils for all. We offer comprehensive heath 8tJMce and Teports to our clients and, with thelr consent, share relevant inlorrnation with their GPS Eo fa(iliiate further a6*on when necessary. We eneourage clients to seek personalised guidance and referfa15 from their GPS. Our dedicated team conslsts ol Iwo full-tsme. stxteen part-kn.me and 3 selF &m￿oyed dinical staff and administrative 5tsff. cornplemented by a commrtted group of volunteers. The Charity Shop in Pultrnrough operates six days a wep.k. wtth a skilled management leam supported by enthusiastic volunteers. We are dedicated to ensuring that our servic8s a￿ accessible to the public, including local groups, fellow d)arities. and assooations. Our commitment to maximrsing public benefft ensLSrès that we conts.nue to make 51gnrfi¢ant impact through ovr essential screening SWVI￿5. THE MARY HOW TRUST FOR CANCER PREVENTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Relationshlp$ with oth•r organis•tions W8 actiV8ty seek and embra¢e collaborations witr* various organisabons. rgwgnksing that these parb)erships are crucial for expanding our services aftd enhancing our impact. Our orrfJoing work with several charities dèdicated to supporting vulnerable indiwduals and those in depnved areas rofiects our commitsnenl lo this collaboratFve approach. We are excited aboLrt the potential of these partnerships. vthich arn expectert b) come to frnIt￿n in the upeomiNJ financial year. Imnging new opportunities to enrith our communty's wen-being. ()Jr engagemeni V￿th like-miTrJed entities and l¢xal GP prath.ces Ls integral to our strategy. By fostering dose relationships ￿thIn the eommunty, we aim lo unite efforts lo improve overall heatLh outcomes. We remain vigilanl in monitoring campaigns and ISSU￿ affecting our rjients. advocating for their active parts"cipation and encouraging a cotlethve approach lo health and wellthing. We value the pc6itive relationships we have butn with stakehoklers s￿h as the Care Quallty Commissiiyi, our communty. and fellow ¢h8rities. These connections are fundamentsl io our progress and development. Our dediealion to partnership worknng not only guKles our stJategy bul also serves a& a proven method fr)r continuously strengthening and expanding our impacL Envlronmental impact In our comrnilment to environmental st￿ardship. we take stratsgic measuTrs to minimise our ecological footprint. We prioritise paJtnering with suppliers who align WTih our eC￿e￿)nSCiouS values, thoosing those that Implement stJstsinabl8 practs"ces. Our procuremènt strategy focuses on ac4uiring equiprpoA¥an&pFeWth8t- are energy-efficlenl. durable. and designed to minimkse wasle. supwtn9 a circular economy where materials are repurposed or reryded. Paper usage is managed. 2nd we have adopted a paperfess approaeh. avoKling printing wh8n6ver rx)ssible to gnifir3ntly reduce paper waste. We encoutsge our dignls to utrlise electronic communication channels. reinforcing our commttmgnl lo sustainability- Energy èfficienLy within our premisas is a top priority. We ensure that li9￿"ng is switched off sn unowpied areas, straighfforwar(l yet effective measure to (xl down on energy consumption. We minimise plastic use and actively engage in recycJing iniliatNes to manage waste. Our charity shop is dedicated lo recycling and reputposing unwanted and unsaleable goods, Iransfomiing thgm into valuable fesounxs and reduung waste. We are also wmmitted lo promots.ng eco-friendly practs'ces among our employees. who aEe enthusiasb'c advocate$ of our environrnental initiatives. Our Enwronmental Polw is regulady reviewed and updated. at least annualty, lo ensur8 ft refiacts our ongoirvj C¢￿￿Mil￿8nI to responSi￿e and sUStsinab￿ 0￿rat￿ns. A¢hi•vements and p•rfomJaneè 202rn24 in summary The main topics dominaling the headlines during the year have been the impact of inljation and the increasing Bank of England Bank ba8e rates. Desptte the uiicEI ￿1￿ economlc uimate an(J th8 anb"cip8tion of a general election, OLtr charity has continued its Mtal work. Thè fubjre for some Ghariti*s is on the line. and a new govemmenl could mean stgnrficant changes for the sector. We will closely monitor the outcomes and explore the potential transforr￿ations that may develop. However, so far. we have navigated these c*allenges with resilien and dedication. achieving signifi¢anl milestones in preventats.ve health srxeening. whilst maintaining financial stability. The Mary How Trust ha5 had a successful year in delwering preventative health screenings, a s9rv￿e thBt lies al the heart of our missi(m. Eady dete¢tr"on of lrfe4imiknng condil¥ons, particularfy Ca[￿er, has been a wmerston8 of our work. This year, we are Proud to report that we have identtfied several cases of early-stage cancer and other serh)us health conditions. Many of these indiwduals have sirKe received timely treatmerTrl. potent￿lty saving their INes and allowing thÈm to enjoy a tetier quality of lrfe. Preventative h8atth s¢Jgening k8 an essents.al tod in combating swious illnesses. partic￿laty for those who might otherwise face barrier5 lo accessing healthtsre. Our wwces have reached a wide demographic. including individuals from vulnerable backgrounds who are at hKJher rrsk of late drdgnosis dug 10 5yslemic healthcare inequalikn'es. THE MARY HOW TRUST FOR CANCER PREVENTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We progressed development of our 5 year. strategy. As foFecasted. we ai*ioved more he81th SCTeenings from 1924 in 2023 to 2658 screenings in the 2024 finanaal year. seeing mor8 people and gnsuring more of our community were ablo to access 8 ser￿￿ available to all adults irrespective of Iheir financtal means. Thus. ensuring earfy detecti￿ of cancer and othw lrfe-threalening illnesses is available lo all. During the year, we made 3 considorencern basls in preparing the financial statements. Further ¢Jetails regarding the adoptjon of the gtyng concem basis be found in the Accounlng Policies. Investment policy T*e trustees adhere lo a Pfudenl investmenl policy in full ¢omplianGe with Ihe Charity Commission's guidelines. Tlii> sjulliy entails rTh)nthly morHtoring and quarterty reviews of our inve.stmp.ntS. 8nsuring Ihat our financial assets are rnanaged responsibty and in a1￿Jn￿&nI wth the chanws obi"ecb"¥es. The investment policy provldes dear and comprehensive guidance to our investmgnt manager, Tellgcling our commrtment to the sound and strategi stewardship of our resources. Princlpal rfsks and unrxrtalntles The TTUStees remain coFnmitted lo managing and m￿￿￿1￿9 risks. partIc￿larty consÉdering tho evolving gconomic landscape and anttcipaled changes In govemment policy. Wth a new UK govemment and the economi chgllènges of earty 2024. induding the risiro cosl of living. the Trustees are vigilant in addressing potential risks. These indude adjustments required by ev0￿1n9 legislation and regulation5 relaled lo the Care Quallty Comrnis5ion, Charity Commtssbon, safeguarding, and GDPR IGenef31 Data Prote1X￿ Regulal*)n}. THE MARY HOW TRUST FOR CANCER PREVENTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our finanual p05itiDn is under constant scnjtiny to ensure proadive risk management. and the Tnjstees have carrsed out a comprehensive assessment of all tharity operations. This indudes a thorough rewew of intemal finanoal controls, Utilising tr7e Charity Commissk)n's finanaal controls Che￿ISt, CC8. This rigorous evaluation has con)Imied that our controb are approprth. elfectivety tsilor&J to the Chari￿S ngods. and balanced in their implementation. Reserves In respons6 to the challenges w)sed by the cosl-of4iving crisis and wlential fl￿￿jationS in donations. th8 chaiity conducted a revtew of ils reserves policy during the year. As a r8sult of this evaluation. a decision was made to bolster the charitys reserves to a level equrvalent lo at least 9 months. ￿dgeted expgndtture. amountin9 to £555.000 for the upwming year. 2024125. This prudent approach to reserve management plays a pivotal role in saf6guaTding thè sustsined fU￿lIMent of the chajyty's charitable objectives. To ensure the ongoirvJ relevan￿ and ffectivgness ol this p)licy. the Management Operations Commitlee conducts bk4nnual rewews, and the Trusts8S revisit the policy annually at theirAuttJmn meeling. Review 202312024 The past year has been charactsrised ty e￿nOMiC volatility. with rising inflab.on and interèst rates CTeating uncertainly aer055 all sectors. Charities have faced unique challerHJes becasjse of these conditions, wllh creased demand serwces Col￿dIr¥j with tightened budgets and a morg o)mpettiive erNironrnent for securlng fiJnding. The Mary How Trust, like many other ¢hariti"es, has had to adapt lo these changes. Looking ahead, we rècognise that economic unr*rtainty may pèrsigL tx)sing fvrther challwJo8. However. our strong financhal management, coupw with dear strategic direct￿n. places us in a good po&ti(w to cvntinue growing and reaching more peo￿e. During 2023r2024 Al the end of the 202312024 financlal year, the charity has demonstrated strong finanoal stewardship. reflecting our ongoiry ￿MMItMent to strategic Cost management ar￿ operational effiuency. Our total funds have increased lo £983.000 12023.. £718,337). with £1.905 (2023.. £nill 8llrKated to restricted purposes. Aftèr accounbt)g for funds designated for Fixed Assets. Intsngible Assets. arKI Restyided Funds. our Froe Reserves stand at £379,24612023.. £339,089). This year, we have invested in equipping an addit￿nal screening toom ark1 expanding our dinic81 team to enhance our screening capability'es. We plan io allocate further reserves towards securing a second premises and Scaling up our screening operations. wth the aim of s¥Jnsficantly increasing capacity. Most of our funds are unrestrTCted. allowng us fle￿bilIty in their applutim. Restn"cted fvjnds are Managed separatety and spent in accordance wtth their deswJnated purposes. Our Free Reserves continued to be invested in M&G Charibonds and Ihe Quilter CheV￿t Global Income & Gro￿ Fund for Charib"es. The newly formed Investment Committee is evaluating opportunities lo increase finsncitil retum5 on our iFwestments witliiri ¢1 puliwl prollle al￿ne(l Wfih our Charrtable objectives. To ensure liquidity. we maintain adequate cash reserves with Barclays Bank PLC lo cover irnm8diale Cash flow needs. Our longer-tenn investments are held in assets that can bo easity IHJuHlaled within one. three, or ￿e*ve months. W8 have estsNished 2 rol￿$1 funding and finanaal plan to navigate the evolving finanu31 landscape. The consistent support from donab.ons via star￿ing orders has provided a stable income source, critical to our financial stability and mission conlinuity. Retaining donor support remains a key pmrity lo sustsin OUT semces. The charity shop inix)me has generally been Increa￿ThJ desprte the increasingty tough enwrunmar*t. The revenue stream from rt rem8ins key to supplementing our resourrEs, and we continug to IcM)k for a suttable site for a se¢oFid $￿p. In response to Thsing Costs and potenlial economic Instabilty. we maintain a cauts.ous finanuèl approach to ensure the long-ter￿ sustainability ol the charity and the cx>ntsnued well-beiNJ of Ihose serye. THE MARY HOW TRUST FOR CANCER PREVENTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our thank5 to everyone who continue5 lo Support us through their donation5, leg8ci8s. lundraising and grants. Your conlribulions a￿ the lifebl(x)d of our health sThning services and without Ihèm our miSs￿)n would not bg possible. Plans for futurg perfods Our plans are fimly anchofed in our five-year slrategy. which ￿rn#In$ 3 dynamic working document guiding signrficanl Initiatives to drive the charitys growlh and enhance our servtces. Communty Erjgagemenl.. We remain t))mmitted lo deepening our eng8g8ment wlh the c4)mmunity. h*Jhligtiting Ihe importance of our heatth screening servKes. Our focus is ￿ raising public awarene55 and educating indi￿dUal$ about Ihe Cruoal role eaty deteclion and prevention play in maintsining health. Financial Growth.. We ￿nderStand the vital role of se(JJfing the necessary fijllding is in expanding our servi￿$ to meet growing demand. Financial ssjstainability remains p￿0trI as we continue lo pro¥ido and expand access lo health ￿reening5 for more peO￿e wthin our ¢ommunity. Commitment to Gmwth: Our dedKation to expanding our serV￿S and facililie5 remains unwavering. We aro focused on offering the ￿9￿e$l level of sukyrt to our benefiaaries. constantly seekl'ng way5 to enhancg the value of our services. Risk Mibgallon.. The twslees have conducled a thorough assessment of the key risks laryng our charity. We want lo reassura our st8keholdeT5 that we have robust systems in pla￿ to mibgate these risks. ensurlng the l￿n￿nUIty and qualrty of our services. Key ob￿CtIVeS for th• Fulurn AS part of our ongoing pursuit of excellence and growth. we have sel oul several key cèjectives for the upcomiivJ periods.. CapaGity Expanwn.. We aim to increase the number ol health scrpenirKJs al our Pulborough site. with a target of approxirnately 3,500 screenings fof 202412025. Beyond this, we plan io expand services to a seGond location, wth the go81 of reaehlng èn a¢Sditonal 3,500 screenings t*fften 202&2027. Comnjunty Awar8new. We will eontiniE to build awareness of the Mary Hthy Trusys serV￿eS. en$uring that everyone WI￿ needs them has a￿$$ to our s¢xeenings and health supwrt. A￿ssibIlIty and Inclusivily. We arg committed to assessing and irn ￿emen￿ng 5tr31wJies to rnake our services accessible to all adults, wardles$ of geographic location. divefsity, or socioeconomic status. Spe(#al atterition will be givèn to ensuring indusiwty for disadvantaged and underrepresented groups. S8Thice Enh8nc8ment. We are dedicated to conts"nuously improwng our screening $￿iCe$ by inCOTporatsng new rnedlcal lechnologies and innovalKins. The establishment of a Medical Advisory Board IMABI will help us stay at the for&front of medical ad¥an￿mentS. ensuFing the highest standard of seNi(*s for our dienls. Data Ulilisats"on: We plan to maximise the use of collected dats to support our marketsng. brand development, and medical insights. This will always be done in strith ad￿e￿nCe to GDPR gumfjelines. ensurin9 the prlvacy and secunty of ali Indlvi¢Jua￿. HealthGar¢ Pn)fessiGnal Collabordtion.. We wll corrtinue to Eyjild stronger ￿latIonshIpS with local healthcare profes5K)nals, ￿levant charibes. and community organisations. The com￿et10n of oijr Medical Advisory Board IMABI will provide us with expert guidance and kno￿edge to 8nyJre best pradwx are followed and fielp us achieve our 90815. Looklng to Ihe Future As we look ahead. we are conffidenl in oui ability lo continue delivering on our mÉssion. Our ffive-year strategy is focused on increasing the number of health screenings, particu1arty for vulnerable populats"ons. We are preparing lo Lqunch pilot schemes in se¥eral areas. extending our services to adults al higher risk of serious Illness, especially in depriv￿ areas W￿re health inequalities are rrN)st severe. Our long-lemi objèctives are dgar. arHJ v4ith the continued supK¥xt of our cofflmunity, we a￿ poised to make an even greater Imp2¢t in the C(￿￿n9 years. THE MARY HOW TRUST FOR CANCER PREVENTION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORD (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Conclusion Desprt8 the economic challenges. thè Mary How Trust has had an oxcepb.onal year ar7d athieved some signrficant milestones. We remain confident in our atHlity to provide essenb'al health screening Se￿1￿ and grow our reach. We thank all who have Ix)ntribvt8d to our success and look fcfiyard to ar>othgr year of making a lasting difference in the Iwes ol those we seivg. Strueture* govtrmance and managemont Constit￿lOn The Mary How Trust, founded in Jun8 1988. 15 a tharitable c￿MpanY limited by guarantee. ineorporalgd on 25 July 2007. It is governed by ihe Memorandum and AJtr"cles of AsscMiatr"on ol the tharitable company and is ntrolled by a trthrd of trustees whose memb8fS a￿ elected at the Annual Gen*ral Meeting and aro director5 lor the purposes of company law and Iru5tees fr)r the purposes of tharty law. Registered charity number 1122393". Company Registration No.. 06324356. The vision, JnissK)rs and values of The Mary H(w Trust guKle us and remain as importanl today as they were when the charity was first lormed bad( in 1988. The trustees, who aTe also the directOf5 for the purpose of company law. and who served during the year and up to he date of signature of the financial ststements were.. A C Folli5 JAR05S J H Balder S Cemm C Wratten O P fvlalhieson C Meeking N Stanbury C Scaramanga JHGEIIIS IR8signed 20 Novemb8r 2023) {Re5igned 3 Oclober 20231 {Resigned 24 June 20241 (Appointgd 16 OCto￿r 2023) Appolntment and election of T￿￿tee$ The management of our charity rests with our dedicated Truslees. each contributing their unw4ue knowtedge, skills. and passion to a(fvance the ch8riWs mission. They bear the critiC81 responsibility of stèering the charity, ensuring ils continuéd growth and impact. Guhled by the provisions oullined in the Artides of Assoaatson, our Trustees, whether elected Dr QFopled, possess the authority to appThnl naw Directorsrrrustees. when necessary. Ihu5 reinforcing our commitment to the tharilys long-term SU￿Ss. Inductl¢n and tralnlng of Ttuste*s In alignment with the Chanty Commission's guidance on trustee5' induction 8nd training. our Board places groat 8mphasis on re(nttirvJ Iruslees with spècffic skills that can signrficandy contribute to the charitsble cornpany. Prospective trustees OT direclors are rwuired to inib.ate their engagemenl ty wriling to the Chair of the Board and providing a comprtshensive curTiculum vrtae. To support their integration, we provide a Trustee Information Pa( and facilitate initsal discusstons. followed by intemews. Newly appotnled trustees undertake a probationary penod before their fonnal confvmation, vknich is rats.fied al the next seheduled Annual Genefal Mgeting IAGMI. In athgrence to regulatory rfjquirements and gocvj governance pr1nriF￿es. an new trustees ur￿￿gO an Intluclon process. This indudes providing derail of their legal obligations under charity and ￿rnpanY law, as well as farnilianty wth the contents of the Memorandum and Artides of As5(xiation. Additionally, we ensure that they are well-informed about the ¢ommrtlee stnjeture. decision-maknng pro￿sSes. and the recent fiftancial perfOrn￿n￿ of the charity. To ftjrther enhance their knovle(Jge, they a￿ provided with the Charity Commission booklet 'CC3': The Essential Tnjsteo,. We also enu)tJrage our Trust8es to engage in relevant exlemal and online training events. which af6 finanaally supported by the charity. enhancing their effectiveness in futfilling their n)les. THE MARY HOW TRUST FOR CANCER PREVENTION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees do not hold any befteficial interest in the cx)mpany and all of are menknrs of the company. We believe that good govèrnance is fundamgntal to our success and take our trustee rps￿nsibIlkn'eS Seri(￿$1y. Our organisafjonal slwcfvre ar￿ d8dsion4naknng procesw are ￿ntinual￿ revlewed by the Board of Trustees. The Board convenes six times a year to di$￿$S and detemine the chartty's direclion. In addition, we have established an Investrnenl Commtitee. whi¢* meets quartwly. whilst financi81 ¢ontrds are entrusted to the Finance Director. Trustee meetings follow a stsuctured agenda thal indudes standing items such as comprehenstve management account r8porbng, risk awssments. health and safety considerdbons. incident management. and safeguarding. Addthonally, we engage sutgroups as need&J. The day-to-day management of the charity is delegated to Lynda V0￿9S and the Senior Management Team. We are committad lo active risk management. addr9ssing the major risks to whsch the chanty may be exposed. Our syslerns a￿ dasigned lo mttsgate these risks. tnccxporats.ng a risk management matiix and a business continuity plan. both of which undergo regular reviews. Risk ts a racurring agenda itam at the TTUStèè meetings. The charity operdtes under the oversight ot regulatory tKxfies. induding the Charity CommLssion, Companies House, 8nd the Care Quality Commission. Personnel The Mary How Trust Is dedicaled to attracbng and retaining a hlghty thlled wo]*for¢e. Our ca)rnmitment to our employees 13 reflected our c¢)mprehenstve approach to communieab"on, perfomiantè management. and professional development. We prionts'se keeping our em ￿0yeeS well-informed at)out our organiSats"￿al stra and objectives, condueb.ng regular PerfoMan￿ reviews throughout the year, and fostering a CU￿Ure of ¢onb"nuous learning and pèrsonal developmènt. Our managemenl team includes the Chief Executive Officer. the PraLli¢e ManagerlHead of Operations, the Lead Health & Wellbeing Screening Nurses. the UItTasound Lead. the Charity Shop Manager and the Accounts Lead. We also engage volunteers for speufi¢ la5ks. ensuring that we manage administratv)n, charity shop covera99, 8nd fundraising effochvety. As part of our dedication to our employees. financial wdl-being. we contn.bute a specified amount to a workplace pension scherne. Addilionalty, our employees enjoy the benefft of access to our health screening seNice. promoting their well-being and overall heallh. Michael Follis announced his retirement as Chair of the Board of Twstees and sto(xJ down in November. We extend our deepest gratttud8 to him, for his rernark2b￿ 10 years of urhvavfyring dedicafj.on and support lo our ¢harity. Michael was instrumental in guiding our progress. and his 188der5hip has left an ir5dalible mark on our charfty. His esjmmitmenl and wsion were pivoial in shaping the that1￿S success, and we are profounclly thankful for everythlng he has done. We would also like lo eXp￿sS heartfeEI thanks to Mary Wrdtten. who, after 10 years of dedicated service on ur BuarLJ ol TIu5tee5, ha5 announced She wll bo 8tepping down tn Jvty 2024. Ouring hcr timè T￿￿ta0, Mary made invaluable contrsbutions lo the tharity. for which we are grateful. We are. however, delighted Ihal she Ihill continue to support U8 as B volunteer, arKI we look foryRrd to her ongoing involvement. Remuneration of key personnel The annual revlew of the Ch￿f Executive Olficerfs salary condudthj by the Board of TNstee5. For all other salary Tales, the CEO a5se55e5 and fonnulates ￿￿)mmendatIOnS for polontial pay reviews. These recommendations are presented to the Board of T￿s￿e$ for their appioval. Reo)gnising the Importan￿ of our dedi(xted employees. Trustees pla￿ great emphasis Dn maintaining cornpetthw ramuneration padKag&s within our sertor. To athieve this, we regutarfy benchmark our pay scales against those of other ch8ribes and bcal (xjrnpanies providing ￿mparall¥e servicos arbyor roles. THE MARY HOW TRUST FOR CANCER PREVENTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dtversity Diversity and indusNlty are comèrstones of our values. We ore resolute in QLtr commitment to prornoting equality across all dimens￿n5, induding bul not lilnited to gender, ￿e, sexual orientabon. religious beliets. and socioeconomic slatys. We embrace our duty to provlde sermcgs that are not only open bul also inclusive. otering to the mullifaceled needs of our dNerse socagty. Our dedication lo dlvw￿ty extends to every fa£￿ of our tharity. Our aiwn is lo have a workforce. volunteer base. and board ol iruslees that mirror the Communiies we seThe. We invest in the development of rewitrnenl and retenlk)n policAes and processes that are equitable, allowiry u5 to create a rrw representstive tearn. Our employees and volunteer5 receNe supwrt in championing faimess and indusivity in all aspects of our work. As a ¢hartiy that interacts with a diverse rxoss-sectFon of SOc￿ty, we have implemented rnechanisn)s lo ensure the preservation of respect and dignity in 8very in18raction. In embr8¢ing dNersity. we enrich tha quality of our semce and strengthen our bonds with the communities we are privileged lo serve. Appolntment of Independent examiner Carpenter Box have expressed their wllingness lo stand for reappK)intment and 8 resoluh.on proposing their reapp(ynlment wll be pth forward al the annual gen&ral moeting of the charity. Tha Trustaas. fep)rt was approv the Board ofTrust8es. fr JHGEIIIS Trustee Dated.. Lo 10- THE MARY HOW TRUST FOR CANCER PREVENTION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MARY HOW TRUST FOR CANCER PREVENTION l TetX)rt to the trustees on my examination of the financial slatemgnts of The Mary How Tnjst For Cancer Prevenb)n (the challtyl for the yaar ended 31 March 2024. Responslbllltles and bas1$ of feport As the tsustees of the charity land also Its directors for the pu￿0$e5 of cornpany lawl yo¥J Bre wsponsible for tt)e preparation of the financial statements in actordance with the requirements of the Companies Act 2¢X)6 {the 2006 H3￿ng satisffed myself that the finanaal statements of the charity are not required to be audilad under Part 16 of the 2006 Act and are eliglble for independenl examination. I reFQrt in respect of my examination of the ¢haAty's financial statements carried out under sectwjn 145 of the Chanttes Acl 2011 {Ihe 2011 Acll. In carying out my examlnation I have followed all the applit>bl8 DirectKTrn5 given by the Charity Commission under sects.on 145{5}Ib} of the 2011 Act Independ•nt •xamln•rfs statgmenl sin￿ the cr￿n￿$ gross income exceeded £250.000 your examiner mu51 be a member of a b(MJy listed in section 145 of the 2011 Act. I confimi that l am qualifjed to undertake the exa￿￿￿3t10￿ because l am a member of ACCA. which is one of ths listed 1K￿les. I have completed my examination. I cfjnfi￿ that no mattars have come to my attent￿n in ctsnnection wth the ex8min2llon giving me cause lo believe th* in any material res￿{.. accounting re¢o¥ds were ml kept in respect of the ¢hartty as required by sec*on 366 of the 2006 Act.. or Ihe financial staternents do not accord with those re￿rds. or tlie financial stslements do rrf)t comply wilh the accounth.ng requirements of secticm 396 of the 2006 Act other than any requirement that the accounts gwe a twe and fair view which is nol a matter (a)n￿dered as part of an independent examination., or the finanu81 statements have not been prepared in ac(*rdance the methods and prindples ot th8 Sfalemenl of Recommended Practice for accouniing and reming by thaTtts"es applicable to charities preparing their accounts in accordance ￿th the Financyal Reportin9 Stsndafd applicable in the UK and Rèpublic of I￿land IFRS 102). I have no concems and have corne across no other matters in connecbon wlth the examirtalion to which attention should be drawn in Ihts report in order lo enable a proper understsnding of the financial statements to be reached, Carpentsr B¢x Amelia House CreS￿nI Road Worthing Wesl Sussex BN11 1RL Da18d. I'll ill ie24. 11 THE MARY HOW TRUST FOR CANCER PREVENTION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCIJ 2024 Unrestrictod Restrictvd Ivndo 2024 Total Unrestslcted Restrtcted funds 2023 Total 2024 2024 2023 2023 Notss In¢ome from: Donations and legaryes Other trading actsvitses Investments Other material inf￿6 841.342 121.463 ?1,948 29 853,171 121.463 21.948 593.872 111.923 10.786 8.542 10.944 607,IJ16 111.923 8.542 Total Income 11.829 ,582 728. 123 10.944 739,￿7 Expendllure on: Rais1r￿ fLIr￿S Charitable aclivriies 5.643 2.8T8 91,733 674,3 52.747 585.413 671.478 11.095 596,$08 Total expenditure 757, 8,521 766,089 638.160 11,095 649,255 Net gain&lllossesl on inveslnienls 12 34,170 34.170 122.891) (22,891) Net in¢ome 261.355 3.308 264.663 (1511 66.921 Transfp.rs betweers funds {1,403) Net movemont in funds 262.758 1.905 264.663 {151} 66.921 Recon¢lliatlon of funds: Fund balE¢nces al 1 April 2023 718.337 718,337 651,265 151 fJ51.416 Fund balantés al 31 March 2024 981.095 1.￿￿ 983.C 718.337 718.337 The statément of financial thI1￿S inap udes all gains arKI losses recognisp.d in the year. All and expenditure deiwe fTOln LontiThiing actsvilies 12 THE MARY HOW TRUST FOR CANCER PREVENTION BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fix•d a$s•ts Tangible assets Investrnerns 13 14 56.443 61J4,565 69,248 445,395 661.008 514,643 Current assets Debtors Investments Cash al bank and hand 15 16 7,033 165.406 182,057 12,710 760,000 92,333 354.496 265.043 Credltots: #mounts falling due wllhin one y•ar 17 {32.504) 161.3491 Nel Clmrt assets 321.992 203,ts94 Total a5¥0ts lo¥8 current Ilablllties 983,(X)O 718.337 Income funds Restricted funds Unreslricled fiJ Desi9nated funds General Un￿stn'Cted funds 18 19 545.406 435,689 310.0(K) 408,337 981.095 718.337 983,01)0 718,337 The company is entTYed lo the exempbon from the audrt requirement contained in section 477 oi the Companies Act 2006. Thc tru￿￿e￿ ackTr￿e￿ge their retspofttsTbilitie¥ for compty7ng ￿th the re4uiffjmerts of ¢he Coffipanies ALI 2006 WILII respect lo accounting records and the p￿parat￿on of fin8nual 5tsternents. The rnember5 have not required the company lo obtail) an audit of its finanual statements for the year in quethn in a¢tJ)rdan¢e wrth 3ectron 476. Thès8 financial st*ements have been prepared accordan￿ with the provisiors appliGab18 to companies sijbjecl lo the small compan*s regime. Thefi anclJ state nts wef8 appruved by the Trustees on . JHGE11is TnJ$to• Company Registration No. 06324356 THE MARY HOW TRUST FOR CANCER PREVENTION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cash flows from opèrating actlvtties Cash gener8led from operations 198.182 98,606 In￿Sting activiti•s Purchase of tangible fixed assels Purchase of Investments Prceeeds on disposal of investmants Inv8Stm8nl incorno Tecaived (19,9101 1588,295) 460.000 10.788 (125.000) 16.542 Nèt cash used in invosting actlvitie$ {108,458) 1137,4191 Net ¢ash used In finandng actlvityes Nèt incraa$él{dBcr•aMI in cash and cash equivalents 89.724 (38.813) Cash and cash equivalènts #t beginning of year 92.￿3 131,146 Cash and cash equivalents at end of year 182.057 92,333 14_ THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Charlty Infomiatlon The Mary How Trust fof Cancer Prevention a private limile(I company limlted by guarantee and has no share ￿pItal. In the event of the Charity bw.ng wound up. the Iiabilty in respect of th8 guarantee is limited to £1 per mernber. Tho registered address of the chafttabl8 company is Units 1&2. The CohJnn8de$. 17 London Road. Pulborough. West SusseK England RH20 1AS. 1.1 Accounting ¢onvBntion The fin8n¢ial ststements have been prepared in accordance with Ihe charTty's Charitses SORP {FRS 1021. the Cownpanies Act 2006 and "Accounting arKI Reporb"ng by Ch8rfbes'. Stalemenl of Recommend￿ Practi applicable lo charrbes preparing their accounts in ac¢ordarJce wtth the Finanual Reporting Standard applicable in the UK and RepuNTc of lTrlartd {FRS 102) (effective 1 January 2019}". The ¢h8rity ¢s a Public Benefit Entity as d9fined by FRS 102. The financial statements are prepa￿d in sterfing, whth is the funcbonal ujrrerw of the charity. Monelary amounts in these finantsal statements are rounded to the ne8resl £1. The finanaal stslements have been prepared under historical cost convention. modrfwj to include investments at fair value. Thè pnncipal accounting poliries adopted are sel out below_ 1.2 Golng concern The finanual statements have been prepaTed on a goin9 ￿nI￿rn basis. The Irustees have considered relevant infoTmadon, I￿[￿dIng the annual budget and the impact of subsequent events. in maknng thebr assessment Based on these assessments and having Tegard lo the resources available to the entity, the trustee5 ha¥8 conduded that there is no malerial uncertainty in relation to Ihe appropriateness of continuirg to adopt the going cOn￿M basis in preparing the aThnu￿ Teport and accAiunts. 1.3 Charltsble funds Unrestricted funds are available for use at the dÉsiJeb"on of the trustees in fiJrtheran¢e of Iheir Charitable obi8CtNes. Designatod funds (J)mpiise funds whith have been sel aside at the diwetion of the truste83 for specific purposes. The purposes wid uses of Ibe desMJnated furx15 are set out in the r￿teS to the finanaal statsments. Restricted funds are subject to sp￿fiC conditsons by donor5 or grantors as to how they May b8 used. The PLwpose& and uses Of the restriGtèd fts￿d￿ are set out fft tho notgs to the finaneial staternpnl¢. 1.4 Incom• I￿oMe is recognised wtten the charity 1$ legally enbtled lo it after any perf0rrnan￿ ￿di￿On$ have been met, the amounts Can be wneasufed reliabty, and il is probable thal income will be receNed. Inc¥)mÈ from 9)vemmènl and other grants. whethw 'cawtal' grants or 'revenue' grants. recognised when the charity has entsuemenl lo the fiJnds. any perfE>mance condtbons attached to the grants have been met. it 13 probabl? that ihe income be received and Ihe amoynl can be measured reliably and is not delerred. Cash donaiions are recognised on re￿Ipl Olher donab.ons are reC￿nISed On￿ the charity has been nolif*d of the donation, unless performance condib.ons require deferral of the amount. Income tsx pcoverable in relation lo donallons received undef GiftAKI or deeds of coven3nt is reco9nised at the time of the donation. 15- THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcies (Continued) Legaoes are recognLsed on receipt or otherwise rf the chanty has nobfied of an impendit¥J distribution, the amotjnt is known. and receipt is expected. If the amount is Thjt known. the legacy is treated as a contingent asseL Grants are induded in the slatemenl of finan(ial athtties on a re￿1vable basi%. The balance of inco received for $peciffic P￿rposeS but not expended during the period is shown ift th8 relevant funds on the Balan￿ sheet Where income ts receNed *n advance of entitlemenl of re￿IpL its recognition 1$ deferred and included in ¢rediloTS as deferred in¢ome. Where 8ntillement ocujrs before income is re￿1Ved. th8 income is accrued. Income tax recA)ver8ble in relation to investrnent irKome is recAYJniS￿ at time the investrnent income is receivable. 1.5 Expendlture Expenditure is recognt5ed once there is a legal or cOnstrLECti￿ obligation to transfer economic beneffl lo a third paty. it IS PTobablg that a transfer of 8￿￿)MiC benefits wll be required in setUemenL and the arnounl of the obligatton Can be measured reliabty. Expenditu￿ is dassified by 8Cttvtty. The costs of each activtty are made up of tho lotal of direct (y)sts and sha￿d costs. induding sUPPOrt costs involved In urKlertaking each acbvty. Dir8Ct costs attributable lo a single activity arè allotsted directty to that a¢b"vtiy. Shared costs which contribute to MO￿ than one activity and support costs which are not attribulab18 to a single activity are apwrtioned between those activittes on a basis consislenl with the use of resources. Central slaff o)sts are allocated on the basis of time spent. and depreclalion ¢harges ar8 allocated on portion of the asseY5 use. Expendlture on rai￿n9 lunds indudes all expenditure iroirred by the company to raise funds for its charitable purposes and indudes costs of all fundraising actrvilles events and n()n Unrèstricted Unrestricted fvnds funds 2024 2023 Fundraising events Shop 0￿er 7.499 105,137 8.827 565 104,122 7,236 Other trading acb"vities 121,463 111,923 18- THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorne from other tradlng activit1•8 (Contlnued) There was rffj re$tn"cted inconie fr￿ (rther trading aGt"viti¢s in the cuffenl or (x)mpaTabve year. Income from investmgnts Unrostrtcted Unrestrfcted fvnds funds 2024 2023 Bank interest Interest rec&vable 1.172 20,776 357 10.429 21.948 10,786 There w8s no restn'cted Ir￿Me from Investment adivibes in the i)Jrrent or (x)mparative per￿. Oth•r material In¢omg Other mateiial income in the comparativ8 perhjd relates to the retentions retumed from remedi81 repair5 to the property. Expèndlturg on ralslng funds Unrestrl¢19d Restricted funds fvnds 2024 2024 Total Unrostrlctsd Restrf¢tsd funds funds 2023 2023 Total 2024 2023 Fundrnlslng and publicity Other fundraisin9 Gosts staff costs 13.326 59.W3 37 13.363 59,003 5,819 33,22Q 5,819 33,220 72,329 37 39,039 39,039 Tradlng co$ts Operating charity shops 13.761 19.367 13,708 13.708 Total costs 86,090 5.643 91.733 52.747 52.747 19- THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charltsblo activlties Health 5crgening and advieè 2024 Heahh screening and advlce 2023 Dlrect costs Staff costs Depreciation and impairment Screening supplies AccDmmodation cosis Insuran Clear)ing and medica waste disposal Repairs to equipment Printing, $tationery. wjslage and telephone Sundry Screening Bank interest and charges 395287 12.805 123,622 40.423 7.640 10.491 15,659 1.795 21,986 3,449 348.428 6,168 115,507 37.903 6.607 9,015 11.596 2.549 21.453 1.303 634,725 562.751 Share of support and govèrnance costs (soe nots 91 Support Goveman¢8 16.599 23.032 11,826 21.931 674,356 596,508 Anatysis by fund Unrestrtcted fvnds Resthcled lunds 671.478 2.878 585.413 11.095 674,356 596,508 Support costs all￿ated to actlvities 2024 2023 Ba&$ olallocation rim8 spent on acbvity Goveman Staff costs GovernancE costs 16,600 23,031 11.826 21,931 39.631 33,757 Analysed belween: Heatih suaèning and advic8 39.631 33,757 20- THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activities (Continued) 2024 2023 Governance costs eomprl30". staff costs Accountancy lees Legal and professional fees 16.126 6,522 383 16,047 5,606 278 23.031 21.931 The a¢counlancy fees relate lo an independent examiner lee of £1,920 12023 - £1,680). remuneration lo the independent examinefs for the preparation of financial statements £1,680 {2023 £1,440) and payToII seNices of £2,922 {2023- £2.486). 10 Trustees NG trLJStees received any remuner3tK)n or olher benefits. aYKI no trus￿ expenses have been reimbursed by e charity. in ￿ther the current or comparative year. 11 Employ•e5 The average monthly number of employees during the year was as follows.. 2024 Number 2023 muM￿r Averoge number of employees 20 19 Employmenl costs 2024 2023 W898s and s8laries Social security cosls Other pension costs 405,950 27,072 21.268 344,752 22,923 13.973 454,290 381,648 Included wthin wages and 58faries are agency stsff ttjsls totaling £65.53512023: £49.9241. There were no employees whose annual remuneration was more than £60.000 in the CLwrent or comparative riod. 21 THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees (Contlnued) Remunoratlon of key managemgnt personnel The rgmunerats.on of kgy management personnel is as fdl(F4VS. 2024 2023 Aggr8gaÈe rxjrnpensation 111,159 128.638 12 Galns and losses on Investments Unrestricted Ilnrestricted funds funds 2024 2023 Gainslllosses) arising on.. Revaluats'm of investsnents Sale of investments 34,170 (22,891) 34.170 (22,891) 13 Tanglble fixed assets L•asehold IlantaThl Hxture5 and 1nyrp￿mÉftt3 ewlpment Tolal Cost At 1 Awl 2023 64.592 77.127 480 142.199 At 31 Man* 2024 64.592 77.127 142,199 Depr•ciatlon and impalmient Al 1 April 2023 Deprerialion charged in the year 15.254 6,168 57.217 6,637 72,951 12.805 Al 31 March 2024 21.422 480 8S.756 Carylng amount At 31 M8rth 2024 43,170 13.273 56,443 At 31 March 2023 49.338 19,910 69,248 -22- THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 14 Fix•d a68et investments Llsted inv•sthi$nts Cost or valuatlon At l April 2023 Additions Valuation changes 445,395 125,0(rf) 34.170 At 31 March 2024 604.565 Corrying amount At 31 March 2024 604,565 At 31 March 2023 445.395 15 Debtors 2024 2023 Amounts falllng due wlthln one ymr. 395 6,638 175 12.535 Trade debtors Prepayments and accrued income 7.033 12.710 16 Curr•nt ass•t inv•stmonts 2024 2023 Unlisted investments 165,406 160,000 17 Creditors: amounts falllng du• withln on• y•ar 2024 2023 (Xher taxation and social security Trade ueditors other creditors Acuuals and deferred income 8,069 13.230 2,212 8,993 7,604 43.247 5,275 5.223 32.504 61,349 33- 000 t o rJ o¥)cM 3 JE ffj¢JUUC) 0 ¢301 £C) Q QQ fli CD LU CJ fn I I i r ai 00 ooo i (o THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analysis of net assets betWg8n fvnds Unrestrfct•d Restrlcted fvnds funds 2024 2024 Total 2024 Fund balances at 31 March 2024 are Yepres•ntod by: Tangible assats Investrnents Current assetsllli8bilrtiesl 56,443 604.565 320.087 56.443 604,565 321,992 1,905 981,095 1,905 983.000 Unfestrlcted funds 2023 Restrictsd funds 2023 Tot81 2023 Fund balances #t 31 March 2023 are Yeprtsontgd by: Tangible assèts InvestrnenLs c￿￿ent asSetsJlliabil￿"e$} 69.248 445.395 203,694 69,248 445,395 203.694 718.337 718,337 21 Operating lease o)mmitmenls L•s8 At the ￿￿tIng end date the ehanty had outstsnding cornmitments for future minimum lease payments under nononcelkble operalino leases. which fall due as fdlows: 2024 2023 Wrthin one year Between IAYO and five years In over five years 26.837 106,539 54.914 26.028 104,112 80,253 188.290 210.393 22 Related party transactlons Awregate donations received from trustses during the year amounted to £523 (2023- £188). Mr5 S Ross, the wife of Mr J Ro&%. 8 representstivé on the boartt of tnJsle88 and the financ8 dir8Ctor, was efnployed as the lead shop manager and was paid £28.98812023- £25.4801 in salary and penslon. There are m fvrthfrr related party transadirJn5 during the fin8ncial year wh5ch requTrre disclosure. 27- THE MARY HOW TRUST FOR CANCER PREVENTION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Analysis of changes in n•t funds The (*arity had no material debt durtng the year. 24 Cash generated from op8ratlons 2024 2023 Surplus for the year 264.663 66,921 A(ljuslmènts for. Investment income recognised in statement of finanoal activities (G8in)Aoss on disF4Jsal of investments Fair value gains and losses on investments Depreciatbn and impaitrnenl of tangilAe fixed assets (21.9481 110.7861 22,891 134.1701 12.805 6,168 Movements in working capital= Decreasellincreasel in debtors (DeC￿ase)[Incre3se in creditors 5.677 128.8451 {5,495) 18.907 C•$h generatod from operation5 198.182 98,606 -28-