REGISTERED CHARITY NUMBER: 1140533
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 SEPTEMBER 2023
FOR
PRINCE PHILLIP BREAST CARE UNIT FUND
Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmarthenshire SA15 1AQ
PRINCE PHILLIP BREAST CARE UNIT FUND
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 SEPTEMBER 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
PRINCE PHILLIP BREAST CARE UNIT FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 SEPTEMBER 2023
During the financial year 1 Sep 2022 and 31 Aug 2023, the charity received £ 169,607 and spent £72,440 leaving a balance carried over of £236,146 in our accounts.
As in past years, amounts received have been from private individuals, bequests, and local philanthropic organisations with some support from the banks in part sponsorship schemes. We have received one large bequest during the year for which we are very grateful. Online donations mainly from Facebook and Just Giving continue to increase. Where possible we try to collect donations in person but in any case, we continue to write individual letters of thanks on behalf of the unit. The unit is very appreciative of the support we have received despite the difficult financial circumstances in which many people find themselves.
As in all past years, none of the officers of the charity have received any remuneration or expenses and all administration has been carried out on a volunteer basis with personal donations for minor items such stationery and stamps. We have taken the decision to pay a small monthly amount to Just Giving for their services following the closing of Virgin Money Giving.
The outgoings of the charity are listed individually in the accounts. The expenditure is well matched to donations without considering the large bequest we have received. This has been reserved to buy major items of equipment or premises required the future.
The main expenses again this year have been used to support 60% the salary of our Advanced Biomedical Scientist with Hywel Dda University Health Board (HDUHB) R&D providing the other 40%. Her roles include:
-Trial Manager for the Oncotype Node Positive Trial. Though the trial has ended, she has been facilitating the close audits of the 11 external sites and managing the administrative tasks involved with the end of the study
.- Despite challenges in restarting Metasin, preparations, including solutions, controls and quality checking sample sets were completed last year in readiness.
- Her role was reconsidered after attending the San Antonio Breast Conference in 2022, following which we proposed that she increase her involvement assisting our Breast Care Team by monitoring and keeping updated our extensive research database.
-Collaborating with the Lead Dietician to look research into diet and chemotherapy response. This is a new line of research for the unit.
-
To assist the Wales Cancer Bank to obtain specimens from our unit for future research.
-
She has completed the Associate Principal Investigator training scheme.
-
To support the Oncotype Pre-DX Trial.
-
She is working with the Tritech Innovation arm of R&D on behalf of the Breast Care Unit to scope a study proposal by a Company and support in developing a project between the three parties.
-
Co-ordination of the Oncotype exports to minimize the turn round times and to develop a plan when the centralisation of Histopathology services occurs.
The multicentre trial we have been running successfully completed recruitment in April 2022 and the results will be publish in the British Journal of Cancer shortly. It shows a great advantage to the use of gene expression profiling in selecting patients with node positive breast cancer for the safe omission of chemotherapy. The contents of the paper have had a major influence on the deliberations of NICE who, in their preliminary guidance (to be issued formally in Jan 24,) has recommended the use of gene expression tests in early node positive breast cancer. This is likely to lead to a country wide change in clinical practice and a significant reduction in the use of chemotherapy. Since other similar healthcare systems in the world often look to NICE for their guidance, our research could lead to improved care of women other countries also benefiting.
Other expenses have included supporting the replacement of the ultrasound machines in the clinic.
The unit continues to publish widely on many topics including intra-operative sentinel node analysis, breast reconstruction, neo-adjuvant chemotherapy, prognostic factors in breast cancer and gene expression analysis. The unit researchers continue to be rated in the top 5% in the UK as judged by Researchgate.
The officers of the Charity for the year were: Ms Saira Khawaja, Chairman of Trustees Ms Carol Owen, Treasurer Ms Anne Crystal, Secretary
Page 1
PRINCE PHILLIP BREAST CARE UNIT FUND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 1 SEPTEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1140533
Principal address
Prince Phillip Hospital Bryngwyn Mawr Dafen Llanelli Carmarthenshire SA14 8QF
Trustees
F S J Roberts (resigned 20.4.23) SDH Holt C B Thomas S Khawaja E M Evans C D Owen R A Williams (appointed 20.4.23) Mrs K Nelson (appointed 20.4.23) Mrs K E Davies
Independent Examiner
Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmarthenshire SA15 1AQ
Approved by order of the board of trustees on 13 June 2024 and signed on its behalf by:
S Khawaja - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRINCE PHILLIP BREAST CARE UNIT FUND
Independent examiner's report to the trustees of Prince Phillip Breast Care Unit Fund
I report to the charity trustees on my examination of the accounts of Prince Phillip Breast Care Unit Fund (the Trust) for the year ended 1 September 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Mrs J Williams FCCA
Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmarthenshire SA15 1AQ
13 June 2024
Page 3
PRINCE PHILLIP BREAST CARE UNIT FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 SEPTEMBER 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 168,058 Investment income 2 1,549 Total 169,607 EXPENDITURE ON Other 72,440 NET INCOME 97,167 RECONCILIATION OF FUNDS Total funds brought forward 141,592 TOTAL FUNDS CARRIED FORWARD 238,759 |
2022 Total funds £ 79,506 27 |
|---|---|
| 79,533 | |
| 40,520 | |
| 39,013 102,579 |
|
| 141,592 |
The notes form part of these financial statements
Page 4
PRINCE PHILLIP BREAST CARE UNIT FUND
BALANCE SHEET
1 SEPTEMBER 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 2,635 CURRENT ASSETS Cash at bank 236,124 NET CURRENT ASSETS 236,124 TOTAL ASSETS LESS CURRENT LIABILITIES 238,759 NET ASSETS 238,759 FUNDS 6 Unrestricted funds 238,759 TOTAL FUNDS 238,759 |
2022 Total funds £ 2,635 138,957 |
|---|---|
| 138,957 | |
| 141,592 | |
| 141,592 | |
| 141,592 | |
| 141,592 |
The financial statements were approved by the Board of Trustees and authorised for issue on 13 June 2024 and were signed on its behalf by:
S Khawaja - Trustee
The notes form part of these financial statements
Page 5
PRINCE PHILLIP BREAST CARE UNIT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 SEPTEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Deposit account interest | 1,549 | 27 |
Page 6
continued...
PRINCE PHILLIP BREAST CARE UNIT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 SEPTEMBER 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 1 September 2023 nor for the year ended 1 September 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 1 September 2023 nor for the year ended 1 September 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 79,506 |
| Investment income | 27 |
| Total | 79,533 |
| EXPENDITURE ON | |
| Other | 40,520 |
| NET INCOME | 39,013 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 102,579 |
| TOTAL FUNDS CARRIED FORWARD | 141,592 |
| TANGIBLE FIXED ASSETS | |
| Computer | |
| equipment | |
| £ | |
| COST | |
| At 2 September 2022 and 1 September 2023 | 2,635 |
| NET BOOK VALUE | |
| At 1 September 2023 | 2,635 |
| At 1 September 2022 | 2,635 |
continued...
Page 7
PRINCE PHILLIP BREAST CARE UNIT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 SEPTEMBER 2023
6. MOVEMENT IN FUNDS
| At 2.9.22 £ Unrestricted funds General fund 141,592 TOTAL FUNDS 141,592 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 169,607 TOTAL FUNDS 169,607 Comparatives for movement in funds At 2.9.21 £ Unrestricted funds General fund 102,579 TOTAL FUNDS 102,579 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 79,533 TOTAL FUNDS 79,533 |
Net movement At in funds 1.9.23 £ £ 97,167 238,759 97,167 238,759 Resources Movement expended in funds £ £ (72,440) 97,167 (72,440) 97,167 Net movement At in funds 1.9.22 £ £ 39,013 141,592 39,013 141,592 Resources Movement expended in funds £ £ (40,520) 39,013 (40,520) 39,013 |
|---|---|
continued...
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PRINCE PHILLIP BREAST CARE UNIT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 SEPTEMBER 2023
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 2.9.21 £ 102,579 102,579 |
Net movement in funds £ 136,180 136,180 |
At 1.9.23 £ 238,759 |
|---|---|---|---|
| 238,759 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 249,140 249,140 |
Resources Movement expended in funds £ £ (112,960) 136,180 (112,960) 136,180 |
Resources Movement expended in funds £ £ (112,960) 136,180 (112,960) 136,180 |
|---|---|---|---|
| 136,180 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 1 September 2023.
Page 9
PRINCE PHILLIP BREAST CARE UNIT FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 SEPTEMBER 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 SEPTEMBER 2023 |
||
|---|---|---|
| INCOME AND ENDOWMENTS Donations and legacies Gifts Investment income Deposit account interest Total incoming resources EXPENDITURE Other Services and conference costs Donations Bank Charges Total resources expended Net income |
2023 £ 168,058 1,549 169,607 69,732 2,475 233 72,440 72,440 97,167 |
2022 £ 79,506 27 |
| 79,533 40,299 - 221 |
||
| 40,520 | ||
| 40,520 | ||
| 39,013 |
This page does not form part of the statutory financial statements
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