2022-03-31-accounts - Sue Young Cancer Support In Leicestershire And Rutland

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED COMPANY NUMBER: 06362972 (England and Wales) REGISTERED CHARITY NUMBER: 1124057

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 19
Detailed Statement of Financial Activities 20 to 21
----- End of picture text -----

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The Trustees, who are also Directors, present their report along with their unaudited financial statements for the year ended 31 March 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (FRS 102 SORP) "Accounting and Reporting by Charities" issued in 2014 in preparing the annual report and financial statements of the charity.

Objectives and Activities

The Charity's objectives are to provide practical and emotional support to anyone affected by cancer in Leicestershire and Rutland which includes their families, their carers and friends.

Throughout the past 2 years, the Charity's services have been severely curtailed by the Covid-19 pandemic.The Charity takes the safety of our staff, volunteers and service users seriously and, consequently, even after the National restrictions were lifted in June 2021, the Charity took a cautious view, having been recommended to do so by its external Health and Safety advisers as many of our service users were deemed to be clinically vulnerable. Our services were gradually restored in the final quarter of 2021 to deal with the pent-up demand for our complete range of services, particularly for mental health and well-being issues exacerbated by the covid-19 pandemic. Apart from addressing our service users needs in these areas, our principal services have been counselling, befriending, complementary therapies and support groups including 3 new groups established in the past 12 months.

Summary of Main Achievements

Despite the challenges brought about by the pandemic the charity marked some significant achievements and made considerable progress in a number of areas.

In September 2021, the Charity welcomed Michael Kapur Esq OBE, Her Majesty's Lord Lieutenant of Leicestershire to the Charity's premises to mark the 40th Anniversary of the formation of the Charity. The founder of the Charity, Mrs Sue Young travelled from Leeds for the celebrations. The event presented an opportunity for the Trustees and staff to meet a cross section of service users, corporate donors, volunteers in relaxing surroundings, and was a resounding success in public relations. A separate evening was also arranged for the Trustees to thank volunteers for their invaluable support.

The Charity now has approx. 60 volunteers, of which 30 are counsellors, and we have over 400 service users who use our services at least once a week.

The Charity has forged links with other National Cancer charities and has encouraged small local groups formed for specific cancer patients to use our facilities free of charge. We firmly believe that our Charity should support these specialist cancer groups as appropriate, treating them not as competitors but providing a supplementary service to what we provide.

In August 2021, the Charity promoted Mr Courtney Nangle as Charity Manager. Courtney brings with him a wealth of Charity experience and for a number of years, he has been a volunteer for the Charity, an independent consultant for the Charity prior to taking up a full-time role as Charity Manager.

Our accounting had previously been undertaken by a book-keeper but from November 2021, a volunteer who has many years experience in accountancy has taken over the role and is able to provide accurate financial information in a timely manner.

Governance

The Charity was established in 1981 and became a charitable company Limited by Guarantee in 2008. It is governed by a Memorandum and Articles of Association.

Page 1

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The Charity is governed by a Board of Trustees which usually meets every 2 months.The Board is authorised to appoint new Trustees to fill any vacancies, using a selection procedure consisting of submission of a Curriculum Vitae and supporting application, followed by an Interview Panel, references and a DBS check. The Trustees receive regular performance reports from the Charity Manager, who has delegated authority, concerning management, operations, fundraising, finance and staffing.

Management of Risk and COVID-19

The Trustees are aware of the risk factors involved with the running of a registered Charity. The Trustees have a risk management strategy which comprises a regular review of risks the Charity may face, the establishment of systems and procedures to manage and mitigate those, and a review of all procedures/policies regularly to ensure that any identifiable risks are appropriately dealt with.

The Charity has also adopted a Pandemic Policy along with a Covid-19 Health and Safety Policy and Risk Assessment. The Charity takes the safety of our staff, volunteers and service users seriously and, consequently, even after the National restrictions were lifted in June 2021, the Charity took a cautious view, having been recommended to do so by its external Health and Safety advisers as many of our service users were deemed to be clinically vulnerable.

Finance and Funding

The total income for the year was £206,423 (2021: £211,763) which, after deducting expenditure of £247,988 (2021: £157,868) resulted in net expenditure of £41,565 (2021: net income of £53,895). At 31 March 2022 the charity had total reserves of £712,394 (2021: £753,959).

The Charity has forged links with local partners, such as the local authorities in Leicestershire and Rutland, as well as GP and hospital services, from which the Charity receives regular referrals. A wide range of funders and donors have provided varying degrees of support, and we will continue to work hard to improve our ongoing relationships with both funders and other supporters.

Reserves Policy

Sue Young Cancer Support in Leicestershire & Rutland has identified that a minimum level of unrestricted reserve funds should be set to counterbalance trading uncertainty and produce a base level for stability.

The Board has identified that the level of unrestricted funds held should be set at a minimum level of six months' unrestricted expenditure on charitable activities, being the level suggested by the Charity Commission. In the 2022 financial period, 6 months of unrestricted expenditure was £98,657. The Trustees have also decided that the value of the freehold property should be excluded from the value of unrestricted funds held at the year-end for the purpose of reviewing this policy. The level of unrestricted funds held as at 31 March 2022 excluding the value of the freehold property was £74,706 (2021: £140,824). The Trustees are mindful that at the year end the level of unrestricted funds was insufficient to meet their agreed strict formula and every effort will be made in the current financial year to ensure that it is achieved.

This policy and the financial data will be kept under strict review at each Board Meeting, and adjusted as the Board finds appropriate and necessary, based on guidance from the financial advisors.

Our Volunteers

The Charity relies on volunteers to deliver the majority of its services. Around 60 volunteers offer their time to the Charity, as counsellors, complementary therapists, befrienders, and help at support groups and at fundraising events. The contributions of our volunteers enrich the work of the Charity and without their support, we would not be able to offer the range and depth of services we have provided. Their support is invaluable, and will continue to be so as we move into the next period, and we are greatly indebted to all our volunteers.

Page 2

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Public Benefit

The Trustees have complied with their duty to have regard to the guidance on public benefit published by the Charity Commission in exercising their duties. Our main activities and who we help are explained above. All our charitable activities focus on the provision of information and support to those affected by cancer and are undertaken to further our charitable purposes for the public benefit.

Trustees' Responsibility Statement

The Trustees (who are also directors of Sue Young Cancer Support in Leicestershire and Rutland for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the Trustees must not approve the financial statements unless they are satisfied that they 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 these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the company and 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 provision and detection of fraud and other irregularities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06362972 (England and Wales)

Registered Charity number

1124057

Page 3

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Registered office

Helen Webb House 35 Westleigh Road Leicester Leicestershire LE3 0HH

Trustees

Ms L O'Boy Chair (resigned 4.6.2021) Mrs R Huthwaite Mr W Richmond Chair Mrs S J Havinden (resigned 9.7.2022) Mr B Singh Poonia (resigned 9.8.2021) Mr N Inge (resigned 30.4.2021) Prof W F Fagan (resigned 13.1.2022) Mr R J P Clarke (appointed 30.4.2021) (resigned 27.5.2022)

Mr D Hackett was appointed as a trustee on 22.4.2022 and resigned on 9.7.2022. Mrs C Shelley was appointed as a trustee on 22.4.2022.

Mr W Richmond was appointed chair, following Ms L O'Boy's resignation on 4.6.2022. Mr C Nangle is the charity manager.

Life President

Mrs Sue Young

Independent Examiner

Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 26 October 2022 and signed on its behalf by:

Mr W Richmond - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

Independent examiner's report to the trustees of Sue Young Cancer Support in Leicestershire and Rutland ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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. 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 work, for this report, or for the opinions we have formed.

Mr P Bott FCA BSc (Hons) Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

31 October 2022

Page 5

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 132,393 Investment income 3 3 Other income - Total 132,396 EXPENDITURE ON Charitable activities 4 Cancer support services 197,314 NET INCOME/(EXPENDITURE) (64,918) Transfers between funds 14 (1,200) Net movement in funds (66,118) RECONCILIATION OF FUNDS Total funds brought forward 740,824 TOTAL FUNDS CARRIED FORWARD 674,706	Restricted funds £ 74,027 - - 74,027 50,674 23,353 1,200 24,553 13,135 37,688	2022 Total funds £ 206,420 3 - 206,423 247,988 (41,565) - (41,565) 753,959 712,394	2021 Total funds £ 211,113 109 541 211,763 157,868 53,895 - 53,895 700,064 753,959

The notes form part of these financial statements

Page 6

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

BALANCE SHEET 31 MARCH 2022

Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS	Unrestricted funds £ 600,186 9,811 76,294 86,105 (11,585) 74,520 674,706 674,706	Restricted funds £ - 29,094 8,594 37,688 - 37,688 37,688 37,688	2022 Total funds £ 600,186 38,905 84,888 123,793 (11,585) 112,208 712,394 712,394 674,706 37,688 712,394	2021 Total funds £ 600,372 80,663 151,445 232,108 (78,521) 153,587 753,959 753,959 740,824 13,135 753,959

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 7

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

BALANCE SHEET - continued 31 MARCH 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2022 and were signed on its behalf by:

Mr W Richmond - Trustee

The notes form part of these financial statements

Page 8

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemption

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income

All incoming resources including donations, gifts, legacies and grants are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be qualified with reasonable accuracy. Income received under gift aid includes the related income tax recoverable. Donations, gifts, legacies and grants from various organisations and individuals have been included as incoming resources from the charitable activities where these amount to a contract for services, but as voluntary income where they have been given as core funding or with greater freedom of use. Investment income comprising interest receivable is included when receivable by the charity.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

----- Start of picture text -----
||| |---|---| |Freehold property|2% per annum on cost| |Freehold property improvements|5% per annum on cost| |Computer equipment|33% per annum on cost| |Office equipment|20% per annum on cost| |Donated assets|20% on reducing balance|

----- End of picture text -----

Taxation

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

continued...

Page 9

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations and Fundraising Gift aid Legacies Grants Government grants Grants received, included in the above, are as follows: Leicester City CCG Arc The Morrisons Foundation Groundwork UK The National Lottery Community Fund Intelligent Energy Trust Postcode Places - Lottery Community Foundation Other grants	2022 £ 91,454 16,791 5,863 74,027 18,285 206,420 2022 £ 8,000 - - - - 7,171 19,060 28,094 11,702 74,027	2021 £ 62,282 - 25,000 113,678 10,153 211,113 2021 £ 22,136 30,000 6,315 6,166 43,298 - - - 5,763 113,678

continued...

Page 10

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

3. INVESTMENT INCOME Deposit account interest 4. CHARITABLE ACTIVITIES COSTS Cancer support services 5. SUPPORT COSTS Cancer support services 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Independent examiners remuneration Depreciation - owned assets	2022 £ 3 Support Direct costs (see Costs note 5) £ £ 218,452 29,536 Governance Finance costs £ £ 501 29,035	2022 £ 3 Support Direct costs (see Costs note 5) £ £ 218,452 29,536 Governance Finance costs £ £ 501 29,035	2022 £ 3 Support Direct costs (see Costs note 5) £ £ 218,452 29,536 Governance Finance costs £ £ 501 29,035	2022 £ 3 Support Direct costs (see Costs note 5) £ £ 218,452 29,536 Governance Finance costs £ £ 501 29,035		2021 £ 109 Totals £ 247,988 Totals £ 29,536
				2022 £ 3,420 186		2021 £ 4,350 214

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

continued...

Page 11

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8. STAFF COSTS

Wages and salaries Social security costs Other pension costs	2022 £ 144,187 6,715 3,169 154,071	2021 £ 62,654 4,467 1,125 68,246

Remuneration of key management personnel

Key management personnel are deemed to be those having authority and responsibility, delegated to them by the trustees for planning, directing and controlling the activities of the charity. The key management personnel of the charity comprised the Operations Manager and Charity Manager. The total employee benefits of the key management personnel of the charity amounted to £NIL (2021: £29,500). The total employee remuneration of the key management personnel of the charity amount to £62,455(2021: £32,362)

The average monthly number of employees during the year was as follows:

2022
Charitable activities
4
Management and administration
2
6
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH 2021
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
185,497
25,616
Investment income
109
-
Other income
541
-
Total
186,147
25,616
EXPENDITURE ON
Charitable activities
Cancer support services
145,387
12,481
NET INCOME
40,760
13,135
Transfers between funds
9,503
(9,503)
Net movement in funds
50,263
3,632

2021
1
2
3
Total
funds
£
211,113
109
541
211,763
157,868
53,895
-
53,895

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH 2021

continued...

Page 12

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

9. COMPARATIVES FOR THE STATEMENT OF RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 April 2021 and 31 March 2022 600,000 DEPRECIATION At 1 April 2021 - Charge for year - At 31 March 2022 - NET BOOK VALUE At 31 March 2022 600,000 At 31 March 2021 600,000	FINANCIAL ACTIVITIES - 31 MARCH 2021 Unrestricted Restricted funds funds £ £ 690,561 9,503 740,824 13,135 Fixtures and Donated Computer fittings assets equipment £ £ £ 27,508 301 24,308 27,136 301 24,308 186 - - 27,322 301 24,308 186 - - 372 - -	- continued Total funds £ 700,064 753,959 Totals £ 652,117 51,745 186 51,931 600,186 600,372

Freehold property was valued on an open market basis on 23 June 2020 by PG Tew FRICS of Peter Tew and Company. The property was also internally valued by the Trustees on 31 March 2022 where it was deemed that the fair value of the property was equal to the valuation as performed by Peter Tew and Company.

Freehold property is depreciated at 2% on cost per annum and property improvements at 5% on cost per annum, included within freehold property is freehold land of £150,000 (2021: £150,000) that is not depreciated. At the year end the residual value of the property was deemed to be equal to the cost per the accounts (see paragraph above regarding the revaluation of the property) resulting in a £nil depreciable amount and a £nil depreciation charge in the year.

Cost or valuation at 31 March 2022 is represented by:

Fixtures Freehold and Donated Computer property fittings assets equipment Total

continued...

Page 13

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. TANGIBLE FIXED ASSETS - continued

----- Start of picture text -----
£ £ £ £ £
Valuation in 2020 600,000 - - - 600,000
Cost - 27,508 301 24,308 52,117
600,000 27,508 301 24,308 652,117
----- End of picture text -----

If freehold property had not been revalued it would have been included at the following historical cost:

2022	2022	2021	2021
£		£
423,639		423,639

	40,000		40,000

	2022 £ 38,905 2022 £ - 4,043 3,059 1,063 3,420 11,585		2021 £ 80,663 2021 £ 74,375 1,536 - 180 2,430 78,521

continued...

Page 14

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. LOANS

An analysis of the maturity of loans is given below:

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |Amounts falling due within one year on demand:| |Bank overdrafts|-|74,375|

----- End of picture text -----

The above bank overdraft for 2021 was the net expenditure figure in relation to Leicester's One Big Weekend. This was recovered in 2022.

14. MOVEMENT IN FUNDS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Net|Transfers| |movement|between|At| |At 1.4.21|in funds|funds|31.3.22| |£|£|£|£| |Unrestricted funds| |General fund|472,855|(64,918)|(1,200)|406,737| |Revaluation reserve|267,969|-|-|267,969| |740,824|(64,918)|(1,200)|674,706| |Restricted funds| |-|-| |Big Lottery Funding|4,014|(4,014)| |-|-| |Mercia Funding|5,321|(5,321)| |-| |LCC Community Funding|2,900|25,194|28,094| |Media Allocation|900|(900)|-|-| |Leicester CMF|-|185|-|185| |MOTO|-|500|-|500| |ASDA|-|882|-|882| |-|-| |Lottery|(1,137)|1,137| |-|-| |Betty Messenger Foundation|1,000|1,000| |LCC|-|(63)|63|-| |-|-| |Intelligent Energy Trust|7,027|7,027| |13,135|23,353|1,200|37,688| |TOTAL FUNDS|753,959|(41,565)|-|712,394|

----- End of picture text -----

continued...

Page 15

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Big Lottery Funding Mercia Funding LCC Community Funding Media Allocation Blaby District Council Leicester CMF Oadby & Wigston Lions MOTO ASDA Screwfix Lottery Betty Messenger Foundation LCC Intelligent Energy Trust TOTAL FUNDS	Incoming resources £ 132,396 - - 28,094 - 200 3,630 450 500 922 5,000 19,060 1,000 8,000 7,171 74,027 206,423	Resources Movement expended in funds £ £ (197,314) (64,918) (4,014) (4,014) (5,321) (5,321) (2,900) 25,194 (900) (900) (200) - (3,445) 185 (450) - - 500 (40) 882 (5,000) - (20,197) (1,137) - 1,000 (8,063) (63) (144) 7,027 (50,674) 23,353 (247,988) (41,565)

continued...

Page 16

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Leicester Time Out Wanlip Time Out Market Harborough Time Out Revaluation reserve Restricted funds LCC Fencing Grant Leicester Lions Kitchen Grant MacMillan Project The Allotment Fund Big Lottery Funding Mercia Funding LCC Community Funding Media Allocation TOTAL FUNDS	At 1.4.20 £ 410,613 4,929 4,491 874 269,654 690,561 1,507 4,605 3,191 200 - - - - 9,503 700,064	Net movement in funds £ 40,760 - - - - 40,760 - - - - 4,014 5,321 2,900 900 13,135 53,895	Transfers between funds £ 21,482 (4,929) (4,491) (874) (1,685) 9,503 (1,507) (4,605) (3,191) (200) - - - - (9,503) -	At 31.3.21 £ 472,855 - - - 267,969 740,824 - - - - 4,014 5,321 2,900 900 13,135 753,959

continued...

Page 17

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Big Lottery Funding Mercia Funding LCC Community Funding Media Allocation Refurbishment Fund TOTAL FUNDS	Incoming resources £ 186,147 4,014 5,321 2,900 900 12,481 25,616 211,763	Resources Movement expended in funds £ £ (145,387) 40,760 - 4,014 - 5,321 - 2,900 - 900 (12,481) - (12,481) 13,135 (157,868) 53,895

Restricted funds details

Name of fund

Description, nature and purpose of fund

Big Lottery Funding To help support our in the pink program. Mercia Funding To help run our in the pink program in Measham LCC Community Funding To support our activities program. Media Allocation To assist with advertising for in the pink program. Blaby District Council To assist with computer upgrades. Leicester CMF Support for our counselling services. Oadby & Wigston Lions Provision of hardship fund for a family Intelligent Energy To Support our time out provisions Moto To support time out Loughborough Asda Support our Crafts Group Screwfix Building decoration

continued...

Page 18

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

15. EMPLOYEE BENEFIT OBLIGATIONS

The charity contributes to a personal pension scheme in respect of certain employees. The total costs payable in the year were £3,169 (2021: £1,125). Contributions of £1,063 (2021: £180) were outstanding at the year end.

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 19

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS Donations and legacies Donations and Fundraising Gift aid Legacies Grants Government grants Investment income Deposit account interest Other income Miscellaneous income Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Staff expenses Office costs Volunteer expenses Counselling resources Property costs Discretionary spending Other costs Insurance Cancer Support Activities Fixtures and Fittings Depreciation Donated assets Depreciation Impairment losses for tangible fixed assets	2022 £ 91,454 16,791 5,863 74,027 18,285 206,420 3 - 206,423 144,187 6,715 3,169 4,890 11,911 829 3,155 13,595 979 508 1,740 26,588 186 - - 218,452	2021 £ 62,282 - 25,000 113,678 10,153 211,113 109 541 211,763 62,654 4,467 1,125 256 9,240 - 3,413 25,031 786 5,157 - - 208 6 18 112,361

This page does not form part of the statutory financial statements

Page 20

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Support costs Finance Bank charges Governance costs Legal and professional fees Independent examiners remuneration Total resources expended Net (expenditure)/income	2022 £ 501 25,615 3,420 29,035 247,988 (41,565)	2021 £ 91 41,066 4,350 45,416 157,868 53,895

This page does not form part of the statutory financial statements

Page 21