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2022-03-31-accounts

UK Oncology Nursing Society

Registered in England and Wales - Company number: 06996552

Registered Office:

FRANCIS CLARK LLP Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF

UK Oncology Nursing Society First Floor 10 Queen Street Place LONDON EC4R 1BE

Dear Sirs

Financial Statements of UK Oncology Nursing Society for the year ended 31 March 2022

The following representations are given to you in connection with your review of the charitable company’s financial statements for the year ended 31 March 2022.

We confirm that the following representations are made on the basis of enquiries of management and staff of the charitable company with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you.

1. Responsibility for the Financial Statements

We acknowledge as trustees our responsibility for the financial statements which you have prepared on our behalf for the charitable company and in particular confirm that we have selected suitable accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent.

We also acknowledge our responsibilities for:

2. Assets

We confirm that all assets have been included in the balance sheet and exist.

We confirm that the charitable company has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements

We confirm that the cost (or value) of all the assets in the balance sheet is fairly stated.

We confirm that depreciation has been provided on all fixed assets with a limited economic life in accordance with the stated accounting policy. In our opinion, the rates of depreciation are reasonable.

3. Liabilities

All liabilities of the charitable company of which we have knowledge are included in the appropriate classifications and we have no knowledge of any pending litigation or other claims against the charitable

company, or any contingent liabilities or capital commitments. No liabilities are ‘secured’ by reason of suppliers restricting the transfer of title to goods supplied.

The charitable company has no charitable commitments at the balance sheet date, other than as included or disclosed in the financial statements.

4. Income and expenditure

We confirm that all income and expenses have been fully recorded and correctly classified in the correct fund

We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purpose, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income.

5. Transactions with trustees

The charitable company has not at any time during the year had any transactions with trustees or connected or related parties other than as disclosed in the financial statements.

The charitable company has had at no time during the year any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for trustees, nor to guarantee or provide security for such matters, except as disclosed in note to the financial statements.

6. Related parties

We confirm that we are aware that a related party of the charitable company is a person or organisation which either (directly or indirectly) controls, has joint control of, or significantly influences the charitable company or vice versa and as a result will include: trustees, other key management, close family and other business interests of the previous. We confirm that we have disclosed to you the identity of all related parties and all the related party relationships and transactions of which we are aware.

7. Completeness of Information

All the accounting records have been made available to you for the purpose of preparing the financial statements and all the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and trustees’ meetings (held during the year and up to the date of this letter) have been made available to you.

8. Going Concern

We confirm that, in our considered opinion, the charitable company is able to continue trading for the foreseeable future and for at least one year from the date of this letter. In arriving at this opinion, the trustees have considered the charitable company’s current financial position, its current level of activity and all other relevant information.

9. Post balance sheet events

There has been no event since the balance sheet date which requires disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the financial statements.

10. Laws and Regulations

We confirm that there are no Laws or Regulations that are central to the charitable company’s ability to conduct its business that may have an impact on amounts or disclosures in the financial statements.

11. Reporting to regulator

We confirm that we are not aware of any matters of material significance that should be reported to the Charity Commission.

Yours faithfully

…………………………………………. [Signed on behalf of the Board]

18th December 2022 …………………………………………. [Date]

The UK Oncology Nursing Society Unaudited Financial Statements Year Ended 31 March 2022

Company Registration Number 06996552 Charity Registration Number 1136972

The UK Oncology Nursing Society

Financial Statements

Year Ended 31 March 2022

Contents Page
Trustees' Report 1
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7

The UK Oncology Nursing Society

Trustees’ Report (continued)

Year Ended 31 March 2022

The trustees have pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 31 March 2022.

Status

The charitable company is limited by guarantee, having no share capital. Under the provisions of Section 60 of the Companies Act 2006, the company is entitled to omit the word "Limited" from its name. The governing document of the charitable company is its Memorandum and Articles of Association.

The charitable company is also known as UKONS.

Objects and Activities of the Charity

The objects of the charitable company are, for the public benefit:

  1. To advance health and to relieve those in need by reason of ill-health, including without limitation people affected by cancer; and

  2. To advance the education of the public in the subjects of health, medical and nursing care, including without limitation the causes, effects and treatments of cancer.

Aims of the charity

Activities and achievements of the charity’s aims for the year 2021/22

2

The UK Oncology Nursing Society

Trustees’ Report (continued)

Year Ended 31 March 2022

2

The UK Oncology Nursing Society

Trustees’ Report (continued)

Year Ended 31 March 2022

Organisational Structure

The Board has four executive officers: President, Past President, Secretary and Treasurer. It has an additional ten full Board members who are all Trustees. New Trustees received induction into their role on the Board.

Assessment of going concern

The charity’s income is reliant on sponsorship from UKONS Partners, and ongoing membership from corporate members. Despite some uncertainty post pandemic, income from our partners has been maintained and improved during this financial year. This income has been considered in budgeting and spending plans for the next financial year.

Directors and Trustees

The directors and trustees who served the company during the year and up to the date of this report were as follows:

Helen Roe Verna Lavender Nalayini Kumaralingam Karen Campbell Kay Bell Lisa Barrott Mark Foulkes Una Cardin Deborah Wightman Mary Tanay Sam Wigfall Libby Potter Jo Bird Tracy Wilson Rosemary Roberts (appointed 10 December 2021) Naomi Clatworthy (appointed 10 December 2021) Ruth Hammond (appointed 10 December 2021) Constance Rowell (appointed 10 December 2021) Helen Roe and Una Cardin completed their terms on the Board in November 2021

Reserves

The trustees planned to retain a modest level of reserves as a contingency fund against future demands on the charity’s resources. We have been able to adjust our spending plans upwards in order to spend some of these reserves following exceeding our income target in 21/22.

2

The UK Oncology Nursing Society

Trustees’ Report (continued)

Year Ended 31 March 2022

Small Company Provisions

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

Signed on behalf of the directors

Mark Foulkes Director

18/12/2022 Approved on ………………..

3

The UK Oncology Nursing Society

Independent Examiner’s Report to the Trustees

Year Ended 31 March 2022

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:

  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.

Martin Hobbs BSc ACA

Francis Clark LLP Chartered Accountants Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF

Date: ………………………….

4

The UK Oncology Nursing Society

Statement of Financial Activities (incorporating an Income and Expenditure Account)

Year Ended 31 March 2022

Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income from:
Partnership income 109,000 - 109,000 80,000
Corporate membership 2,000 - 2,000 3,400
EBN book grant - - - -
Other grant income - - - -
Advertising - - - 5,500
Champions’ workshop - - - 7,500
Board activity 200 - 200 500
Donations 10 - 10 246
Other income - - - 12,500
––––—— ––––—— ––––—— ––––——
Total 111,210 - 111,210 109,646
––––—— ––––—— ––––—— ––––——
Expenditure on:
EONS membership fee 756 - 756 1,671
ISNCC membership fee
-
- - 458
EBN Health book - 6,122 6,122 12,600
Board meetings – Travel and subsistence 1,270 - 1,270 -
Entertaining/other meetings 1,862 - 1,862 121
MIGs 3,735 - 3,735 8,690
Administrative support 17,053 - 17,053 17,495
Secretarial services 1,388 - 388 12,500
Legal and professional 250 - 250 125
Annual conference 9,710 - 9,710 2,410
Other conferences 2,475 - 2,475 3,741
Stationery and admin 513 - 513 721
Website and social media 14,988 - 14,988 7,207
Accounting fees 4,225 - 4,225 3,032
Insurance 933 - 933 421
SACT passport project - - - (300)
Champions’ workshop - - - 9,695
Irrecoverable VAT 1,420 - 1,420 -
Grants 20,000 - 20,000 -
Purchases 4,010 - 4,010 -
––––—— ––––—— ––––—— ––––——
Total 84,588 6,122 90,710 80,587
––––—— ––––—— ––––—— ––––——
Net income/(expenditure) 26,622 (6,122) 20,500 29,059
Total funds brought forward 205,450 11,297 216,747 187,688
––––—— ––––—— ––––—— ––––——
Total funds carried forward 232,072 5,175 237,247 216,747
══════ ══════ ══════ ══════

All of the incoming resources of the charity for the comparative year are unrestricted. All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above. The result for the year for Companies Act purposes is equivalent to the net incoming resources.

5

The UK Oncology Nursing Society

Balance Sheet

31 March 2022

Notes 2022 2021
£ £
Current assets
Cash at bank and in hand 283,078 226,685
Debtors 4 - 36,884
––––—— ––––——
283,078 263,569
Liabilities
Creditors falling due within one year 5 (45,831) (46,822)
––––—— ––––——
Total assets less current liabilities 237,247 216,747
══════ ══════
Unrestricted funds 6 232,072 205,450
Restricted funds 6 5,175 11,297
––––—— ––––——
Total funds 237,247 216,747
══════ ══════

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act.

These financial statements were approved and signed by the trustees and authorised for issue on …………………………….., and are signed on their behalf by: 18/12/222

………………………………..

Mark Foulkes Director

Company Registration Number: 06996552

6

The UK Oncology Nursing Society

Notes to the Financial Statements

Year Ended 31 March 2022

1 Accounting Policies

Basis of accounting

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation of financial statements and assessment of going concern

The financial statements have been prepared under the historical cost convention and in accordance with 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) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The UK Oncology Nursing Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The functional and presentational currency of these financial statements is sterling.

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

b) Income

Income is recognised when the charity has entitlement to funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Capital grants receivable are credited to the SOFA as they become receivable and are treated as restricted funds. The depreciation on the assets to which the grants relate is charged against these funds.

c) Fund accounting

Unrestricted funds are funds available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds received which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

d) Expenditure

Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes irrecoverable VAT.

e) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company holds the following financial instruments, all of which are considered to be basic:

7

The UK Oncology Nursing Society

Notes to the Financial Statements

Year Ended 31 March 2022

2 Related Party Transactions

During the year travel expenses of £1,606 were reimbursed to 10 trustees (2021: £363 to 1 trustee).

3 Company Limited by Guarantee

The company is limited by guarantee and has no share capital. In the event of a winding-up, the liability of the members is limited to £1 each. The Charity is incorporated in England and Wales. The address of its registered office is: Legalinx, 14-18 City Road, Cardiff, Wales, CF24 3DL.

4 Debtors

Creditors: amounts falling due within one year
Trade debtors
Prepayments and accrued income
Accruals and deferred income
VAT payable
Other creditors
2022
£
2021
£
-
35,950
-
934
-
36,884
2022
£
2021
£
21,955
38,763
3,020
8,059
20,856
-
45,831
46,822

5 Creditors: amounts falling due within one year

6 Analysis of movement on funds

Total unrestricted funds
Restricted funds:
AOS education grant
EBN book grant
Balance at
1 April
2021
£
Incoming
resources
£
Resources
expended
£
Balance at
31 March
2022
£
205,450
111,210
(84,588)
232,072
2,230
-
-
2,230
9,067
-
(6,122)
2,945
216,747
111,210
(90,710)
237,247

The AOS education grant represents funds raised for the development of a digital friendly format for UKONS guidance for assessment of patients.

The EBN book grant represents funds raised for the writing and publication of a reference book entitled “Fundamentals of Cancer Care”.

The restricted funds are all held as cash at bank and in hand.

8

The UK Oncology Nursing Society Unaudited Financial Statements Year Ended 31 March 2022

Company Registration Number 06996552 Charity Registration Number 1136972

The UK Oncology Nursing Society

Financial Statements

Year Ended 31 March 2022

Contents Page
Trustees' Report 1
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7

The UK Oncology Nursing Society

Trustees’ Report (continued)

Year Ended 31 March 2022

The trustees have pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 31 March 2022.

Status

The charitable company is limited by guarantee, having no share capital. Under the provisions of Section 60 of the Companies Act 2006, the company is entitled to omit the word "Limited" from its name. The governing document of the charitable company is its Memorandum and Articles of Association.

The charitable company is also known as UKONS.

Objects and Activities of the Charity

The objects of the charitable company are, for the public benefit:

  1. To advance health and to relieve those in need by reason of ill-health, including without limitation people affected by cancer; and

  2. To advance the education of the public in the subjects of health, medical and nursing care, including without limitation the causes, effects and treatments of cancer.

Aims of the charity

Activities and achievements of the charity’s aims for the year 2021/22

2

The UK Oncology Nursing Society

Trustees’ Report (continued)

Year Ended 31 March 2022

2

The UK Oncology Nursing Society

Trustees’ Report (continued)

Year Ended 31 March 2022

Organisational Structure

The Board has four executive officers: President, Past President, Secretary and Treasurer. It has an additional ten full Board members who are all Trustees. New Trustees received induction into their role on the Board.

Assessment of going concern

The charity’s income is reliant on sponsorship from UKONS Partners, and ongoing membership from corporate members. Despite some uncertainty post pandemic, income from our partners has been maintained and improved during this financial year. This income has been considered in budgeting and spending plans for the next financial year.

Directors and Trustees

The directors and trustees who served the company during the year and up to the date of this report were as follows:

Helen Roe Verna Lavender Nalayini Kumaralingam Karen Campbell Kay Bell Lisa Barrott Mark Foulkes Una Cardin Deborah Wightman Mary Tanay Sam Wigfall Libby Potter Jo Bird Tracy Wilson Rosemary Roberts (appointed 10 December 2021) Naomi Clatworthy (appointed 10 December 2021) Ruth Hammond (appointed 10 December 2021) Constance Rowell (appointed 10 December 2021) Helen Roe and Una Cardin completed their terms on the Board in November 2021

Reserves

The trustees planned to retain a modest level of reserves as a contingency fund against future demands on the charity’s resources. We have been able to adjust our spending plans upwards in order to spend some of these reserves following exceeding our income target in 21/22.

2

The UK Oncology Nursing Society

Trustees’ Report (continued)

Year Ended 31 March 2022

Small Company Provisions

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

Signed on behalf of the directors

Mark Foulkes Director

18/12/2022 Approved on ………………..

3

The UK Oncology Nursing Society

Independent Examiner’s Report to the Trustees

Year Ended 31 March 2022

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:

  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.

Martin Hobbs BSc ACA

Francis Clark LLP Chartered Accountants Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF

Date: …………………………. 19 December 2022

4

The UK Oncology Nursing Society

Statement of Financial Activities (incorporating an Income and Expenditure Account)

Year Ended 31 March 2022

Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income from:
Partnership income 109,000 - 109,000 80,000
Corporate membership 2,000 - 2,000 3,400
EBN book grant - - - -
Other grant income - - - -
Advertising - - - 5,500
Champions’ workshop - - - 7,500
Board activity 200 - 200 500
Donations 10 - 10 246
Other income - - - 12,500
––––—— ––––—— ––––—— ––––——
Total 111,210 - 111,210 109,646
––––—— ––––—— ––––—— ––––——
Expenditure on:
EONS membership fee 756 - 756 1,671
ISNCC membership fee
-
- - 458
EBN Health book - 6,122 6,122 12,600
Board meetings – Travel and subsistence 1,270 - 1,270 -
Entertaining/other meetings 1,862 - 1,862 121
MIGs 3,735 - 3,735 8,690
Administrative support 17,053 - 17,053 17,495
Secretarial services 1,388 - 388 12,500
Legal and professional 250 - 250 125
Annual conference 9,710 - 9,710 2,410
Other conferences 2,475 - 2,475 3,741
Stationery and admin 513 - 513 721
Website and social media 14,988 - 14,988 7,207
Accounting fees 4,225 - 4,225 3,032
Insurance 933 - 933 421
SACT passport project - - - (300)
Champions’ workshop - - - 9,695
Irrecoverable VAT 1,420 - 1,420 -
Grants 20,000 - 20,000 -
Purchases 4,010 - 4,010 -
––––—— ––––—— ––––—— ––––——
Total 84,588 6,122 90,710 80,587
––––—— ––––—— ––––—— ––––——
Net income/(expenditure) 26,622 (6,122) 20,500 29,059
Total funds brought forward 205,450 11,297 216,747 187,688
––––—— ––––—— ––––—— ––––——
Total funds carried forward 232,072 5,175 237,247 216,747
══════ ══════ ══════ ══════

All of the incoming resources of the charity for the comparative year are unrestricted. All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above. The result for the year for Companies Act purposes is equivalent to the net incoming resources.

5

The UK Oncology Nursing Society

Balance Sheet

31 March 2022

Notes 2022 2021
£ £
Current assets
Cash at bank and in hand 283,078 226,685
Debtors 4 - 36,884
––––—— ––––——
283,078 263,569
Liabilities
Creditors falling due within one year 5 (45,831) (46,822)
––––—— ––––——
Total assets less current liabilities 237,247 216,747
══════ ══════
Unrestricted funds 6 232,072 205,450
Restricted funds 6 5,175 11,297
––––—— ––––——
Total funds 237,247 216,747
══════ ══════

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act.

These financial statements were approved and signed by the trustees and authorised for issue on …………………………….., and are signed on their behalf by: 18/12/222

………………………………..

Mark Foulkes Director

Company Registration Number: 06996552

6

The UK Oncology Nursing Society

Notes to the Financial Statements

Year Ended 31 March 2022

1 Accounting Policies

Basis of accounting

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation of financial statements and assessment of going concern

The financial statements have been prepared under the historical cost convention and in accordance with 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) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The UK Oncology Nursing Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The functional and presentational currency of these financial statements is sterling.

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

b) Income

Income is recognised when the charity has entitlement to funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Capital grants receivable are credited to the SOFA as they become receivable and are treated as restricted funds. The depreciation on the assets to which the grants relate is charged against these funds.

c) Fund accounting

Unrestricted funds are funds available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds received which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

d) Expenditure

Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes irrecoverable VAT.

e) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company holds the following financial instruments, all of which are considered to be basic:

7

The UK Oncology Nursing Society

Notes to the Financial Statements

Year Ended 31 March 2022

2 Related Party Transactions

During the year travel expenses of £1,606 were reimbursed to 10 trustees (2021: £363 to 1 trustee).

3 Company Limited by Guarantee

The company is limited by guarantee and has no share capital. In the event of a winding-up, the liability of the members is limited to £1 each. The Charity is incorporated in England and Wales. The address of its registered office is: Legalinx, 14-18 City Road, Cardiff, Wales, CF24 3DL.

4 Debtors

Creditors: amounts falling due within one year
Trade debtors
Prepayments and accrued income
Accruals and deferred income
VAT payable
Other creditors
2022
£
2021
£
-
35,950
-
934
-
36,884
2022
£
2021
£
21,955
38,763
3,020
8,059
20,856
-
45,831
46,822

5 Creditors: amounts falling due within one year

6 Analysis of movement on funds

Total unrestricted funds
Restricted funds:
AOS education grant
EBN book grant
Balance at
1 April
2021
£
Incoming
resources
£
Resources
expended
£
Balance at
31 March
2022
£
205,450
111,210
(84,588)
232,072
2,230
-
-
2,230
9,067
-
(6,122)
2,945
216,747
111,210
(90,710)
237,247

The AOS education grant represents funds raised for the development of a digital friendly format for UKONS guidance for assessment of patients.

The EBN book grant represents funds raised for the writing and publication of a reference book entitled “Fundamentals of Cancer Care”.

The restricted funds are all held as cash at bank and in hand.

8