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← Sue Young Cancer Support In Leicestershire And Rutland

2024-03-31-accounts

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 2024

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 2024

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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 18
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SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND (REGISTERED NUMBER: 06362972)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors 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 31 March 2024. The trustees have adopted the provisions of 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).

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. The main activities of the charity are counselling, complementary therapy and various activities to support service users needs, including exercise classes and wellbeing needs. Alongside this we raise funds to enable us to meet the needs of our service users.

Summary of Financial Year

The Trustees are disappointed that, for the 3rd year in succession, the Charity has incurred a significant excess of expenditure over income. For the years ended 31 March 2022 and 2023, the deficit was covered by accumulated reserves but in the last financial year to 31 March 2024, the Charity has had to resort to taking an interest-free loan of £100,000 from the Chair of the Charity. The pattern of excess expenditure emanates from the fact that, historically, the Charity has been well supported by NHS funding, however, the average NHS support over the past 3 years has been £42,619 per annum, despite strong representations to the local NHS Integrated Care Board (ICB). The Newly appointed CEO of the ICB visited us in February 2024 and the CEO of the University Hospitals of Leicester NHS Trust followed the following month - both were very impressed with the Charity's operations and were very sorry that there was no scope in their budgets to provide SYCS with additional grant support. They both agreed that their respective NHS bodies would work closely with SYCS to provide practical support which, coupled with the support of the local NHS Primary Care Trust, is now beginning to bear fruit. Voluntary Action Leicestershire (VAL) has also agreed to assist the Charity with fundraising. The Trustees are grateful for the level of practical support which SYCS is now receiving from the various NHS organisations and VAL to back up the Charity Manager and his small dedicated staff.

Summary of Main Achievements

Despite the challenges brought about post pandemic the charity marked some significant achievements and made considerable progress in a number of areas, only restricted by lack of funds. We still have a waiting list for counselling but it is shorter than in previous years.

The Charity now has around 50 volunteers and we have over 400 service users who use our services at least once a month.

The Charity has forged links with other National Cancer charities and continue to encourage small local groups that are 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.

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.

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.

Page 1

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND (REGISTERED NUMBER: 06362972)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Finance and Funding

The total income for the year was £126,896 (2023: £166,186) which, after deducting expenditure of £217,797 (2023: £263,687) resulted in net expenditure of £90,901 (2023: £97,501). At 31 March 2024 the charity had total reserves of £523,992 (2023: £614,893).

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 2024 financial period, 6 months of unrestricted expenditure was £105,375 (2023: £82,813). The level of unrestricted funds held as at 31 March 2024 excluding the value of the freehold property was a deficit of (£76,528) (2023: a surplus of £7,326). 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 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. Volunteers offer their time to the Charity, as counsellors, complementary therapists, befrienders, an internal accountant 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.

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:

Page 2

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND (REGISTERED NUMBER: 06362972)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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

Registered office

Helen Webb House 35 Westleigh Road Leicester Leicestershire LE3 0HH

Trustees

Mr W Richmond Chair Mrs C Shelly Trustee (resigned 24.11.2023) Mr AS Bhaur Trustee Mr I B Rohit Trustee (appointed 7.12.2023) (resigned 1.8.2024) Mr C Nangle (appointed 21.8.2024)

Mr C Nangle is the charity manager.

Life President

Mrs Sue Young

Page 3

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND (REGISTERED NUMBER: 06362972)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Mr P Bott FCA BSc (Hons) 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 15 November 2024 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 2024.

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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

20 November 2024

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 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
126,827
Investment income
3
69
Other income
-
Total
126,896
EXPENDITURE ON
Charitable activities
4
Cancer support services
210,750
NET INCOME/(EXPENDITURE)
(83,854)
RECONCILIATION OF FUNDS
Total funds brought forward
607,326
TOTAL FUNDS CARRIED FORWARD
523,472		 Restricted
funds
£
-
-
-
-
7,047
(7,047)
7,567
520		 2024
Total
funds
£
126,827
69
-
126,896
217,797
(90,901)
614,893
523,992		 2023
Total
funds
£
161,541
448
4,197
166,186
263,687
(97,501)
712,394
614,893

The notes form part of these financial statements

Page 6

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND (REGISTERED NUMBER: 06362972)

BALANCE SHEET 31 MARCH 2024

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
CREDITORS
Amounts falling due after more than one year
13
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
600,000
33,169
2,459
35,628
(12,156)
23,472
623,472
(100,000)
523,472		 Restricted
funds
£
-
-
520
520
-
520
520
-
520		 2024
Total
funds
£
600,000
33,169
2,979
36,148
(12,156)
23,992
623,992
(100,000)
523,992
523,472
520
523,992		 2023
Total
funds
£
600,000
5,000
17,868
22,868
(7,975)
14,893
614,893
-
614,893
607,326
7,567
614,893

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND (REGISTERED NUMBER: 06362972)

BALANCE SHEET - continued 31 MARCH 2024

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 15 November 2024 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 2024

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 exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

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.

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||| |---|---| |Freehold property|2% per annum on cost| |Computer equipment|33% per annum on cost| |Office equipment|20% per annum on cost| |Donated assets|20% on reducing balance|

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Taxation

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured

continued...

Page 9

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

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. The assets of the schemes are held separately from those of the group within independently administered funds 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
Donated services and facilities		 2024
£
32,426
-
7,000
84,988
2,413
126,827		 2023
£
51,027
5,000
2,000
103,514
-
161,541

Donated services and facilities relates to the notional interest on the interest free loan.

Grants received, included in the above, are as follows:

Lottery
Community Foundation
Henry Smith Foundation
Albert Hunt
Leicester Freemasons
Integrated Care Board
Other grants		 2024
£
-
-
10,000
5,000
10,000
56,188
3,800
84,988		 2023
£
51,413
6,568
-
-
-
35,574
9,959
103,514

continued...

Page 10

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

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		 2024
£
69
Support
Direct
costs (see
Costs
note 5)
£
£
211,022
6,775
Governance
Finance
costs
£
£
150
6,625		 2024
£
69
Support
Direct
costs (see
Costs
note 5)
£
£
211,022
6,775
Governance
Finance
costs
£
£
150
6,625		 2024
£
69
Support
Direct
costs (see
Costs
note 5)
£
£
211,022
6,775
Governance
Finance
costs
£
£
150
6,625		 2023
£
448
Totals
£
217,797
Totals
£
6,775		 2023
£
448
Totals
£
217,797
Totals
£
6,775
2024
£
3,810
-		 2023
£
3,660
186

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

continued...

Page 11

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
142,964
5,784
2,038
150,786		 2023
£
167,149
7,176
2,791
177,116

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 in 2024 comprised the Charity Manager, Counselling Lead and Complementary Therapy Lead. For 2023 the key management personnel compromised the Operations Manager and Charity Manager. The total employee remuneration of the key management personnel of the charity amount to £81,698 (2023: £57,733)

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

Charitable activities
Management and administration		 2024
5
2
7		 2023
5
2
7

No employees received emoluments in excess of £60,000.

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH 2023
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
93,601
67,940
Investment income
448
-
Other income
4,197
-
Total
98,246
67,940
EXPENDITURE ON
Charitable activities
Cancer support services
165,626
98,061
NET INCOME/(EXPENDITURE)
(67,380)
(30,121)		 Total
funds
£
161,541
448
4,197
166,186
263,687
(97,501)

continued...

Page 12

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

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 2023 and
31 March 2024
600,000
DEPRECIATION
At 1 April 2023 and
31 March 2024
-
NET BOOK VALUE
At 31 March 2024
600,000
At 31 March 2023
600,000		 FINANCIAL ACTIVITIES - 31 MARCH 2023
Unrestricted
Restricted
funds
funds
£
£
674,706
37,688
607,326
7,567
Fixtures
and
Donated
Computer
fittings
assets
equipment
£
£
£
27,508
301
24,308
27,508
301
24,308
-
-
-
-
-
-		 - continued
Total
funds
£
712,394
614,893
Totals
£
652,117
52,117
600,000
600,000

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 2024 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, included within freehold property is freehold land of £150,000 (2023: £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 2024 is represented by:

Freehold
property		 Fixtures
and
fittings		 Donated
assets		 Computer
equipment		 Total
Valuation in 2024
Cost		 £
176,361
423,639		 £
-
27,508		 £
-
301		 £
-
24,308		 £
176,361
475,756

continued...

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SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

==> picture [493 x 46] intentionally omitted <==

----- Start of picture text -----
10. TANGIBLE FIXED ASSETS - continued
600,000 27,508 301 24,308 652,117
----- End of picture text -----

==> picture [494 x 80] intentionally omitted <==

----- Start of picture text -----
If freehold property had not been revalued it would have been included at the following historical cost:
2024 2023
£ £
----- End of picture text -----

11.
12.		 Cost 423,639 423,639 423,639 423,639
Value of land in freehold property 40,000 40,000
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2024
£
33,169
2024
£
4,214
3,468
408
4,066
12,156		 2023
£
5,000
2023
£
555
3,218
608
3,594
7,975

continued...

Page 14

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

13.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 14)
2024
2023
£
£
100,000		 -
14.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due between two and five years:
Other loans - 2-5 years		 2024
2023
£
£
100,000		 -
The loan of £100,000 was made by the Chairman, Mr W Richmond, to the charity.
The loan is an interest free loan and repayable by a single lump sum of £100,000 on 30 June 2026. Option of early
repayment at the behest of the borrower provided that any early repayment is made following a Board Resolution of
the Trustees.
15.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Revaluation reserve
Restricted funds
Mercia Funding
ASDA
Big Lottery Funding
Intelligent Energy Trust
East Midlands Railway
TOTAL FUNDS		 At 1.4.23
£
339,357
267,969
607,326
3,268
190
376
3,058
675
7,567
614,893		 Net
movement
in funds
£
(83,854)
-
(83,854)
(3,268)
(29)
(376)
(2,699)
(675)
(7,047)
(90,901)		 At
31.3.24
£
255,503
267,969
523,472
-
161
-
359
-
520
523,992

continued...

Page 15

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Mercia Funding
ASDA
Big Lottery Funding
Intelligent Energy Trust
East Midlands Railway
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Revaluation reserve
Restricted funds
Mercia Funding
LCC Community Funding
Leicester CMF
MOTO
ASDA
Big Lottery Funding
Betty Messenger Foundation
Intelligent Energy Trust
East Midlands Railway
TOTAL FUNDS		 Incoming
resources
£
126,896
-
-
-
-
-
-
126,896
At 1.4.22
£
406,737
267,969
674,706
-
28,094
185
500
882
-
1,000
7,027
-
37,688
712,394		 Resources
Movement
expended
in funds
£
£
(210,750)
(83,854)
(3,268)
(3,268)
(29)
(29)
(376)
(376)
(2,699)
(2,699)
(675)
(675)
(7,047)
(7,047)
(217,797)
(90,901)
Net
movement
At
in funds
31.3.23
£
£
(67,380)
339,357
-
267,969
(67,380)
607,326
3,268
3,268
(28,094)
-
(185)
-
(500)
-
(692)
190
376
376
(1,000)
-
(3,969)
3,058
675
675
(30,121)
7,567
(97,501)
614,893

continued...

Page 16

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Mercia Funding
LCC Community Funding
Leicester CMF
MOTO
ASDA
Big Lottery Funding
Betty Messenger Foundation
Intelligent Energy Trust
East Midlands Railway
Tesco
TOTAL FUNDS		 Incoming
resources
£
98,246
5,959
6,568
-
-
-
51,413
-
-
3,000
1,000
67,940
166,186		 Resources
Movement
expended
in funds
£
£
(165,626)
(67,380)
(2,691)
3,268
(34,662)
(28,094)
(185)
(185)
(500)
(500)
(692)
(692)
(51,037)
376
(1,000)
(1,000)
(3,969)
(3,969)
(2,325)
675
(1,000)
-
(98,061)
(30,121)
(263,687)
(97,501)

Restricted funds details

Name of fund

Description, nature and purpose of fund

Big Lottery Funding Mercia Funding LCC Community Funding Intelligent Energy Trust MOTO ASDA Betty Messenger

To help support our activities program. To help run our Bringing Balance program in Measham. To support our activities program. To support our time out provisions To support time out Loughborough Support our Crafts Group Support for counselling services

continued...

Page 17

SUE YOUNG CANCER SUPPORT IN LEICESTERSHIRE AND RUTLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. EMPLOYEE BENEFIT OBLIGATIONS

The charity contributes to a personal pension scheme in respect of certain employees. The total costs payable in the year were £2,038 (2023: £2,791). Contributions of £408 (2023: £608) were outstanding at the year end.

17. RELATED PARTY DISCLOSURES

During the year, a loan of £100,000 was made by the Chairman, Mr W Richmond, to the charity. This is included within other loans.

Page 18