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|**Trustees**|MrSArnold||
|---|---|---|
||MrsMEdwards(Chair)||
||MsD_Fielding_|_resigned31May2023_|
||MrHGardener||
||ProfessorRHealdCBE|_resigned25July2022_|
||MrGCSMatherCBE|_resigned30November2022_|
||MrFMohamed||
||ProfessorBMoran||
||MrMReesOBE||
||Mr1Wood|_deceased15June2023_|
|**Charityregistrationnumber**|1141911||
|**Companynumber**|07264864||
|**Charityaddress**|ThePelicanCancerFoundation||
||TheArk||
||DinwoodieDrive||
||Basingstoke||
||Hampshire||
||RG249NN||
|**Auditors**|TCGroup||
||3AcornBusinessCentre||
||NortharbourRoad||
||Cosham||
||Portsmouth||
||P063TH||
|**Bankers**|CAFBank||
||25KingsHillAvenue||
||KingsHill||
||WestMailing||
||Kent||
||BarclaysBankPlc||
||MarketPlace||
||Basingstoke||
||Hampshire||
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|**CONTENTS**|**PAGE**|
|---|---|
|Chair'sstatement|1|
|Trustees'report|2-8|
|Auditors'report|9-12|
|Statementoffinancialactivities|13|
|Balancesheet|15|
|Notestothefinancialstatements|15-24|
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|||**Restricted**|**Unrestricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**Funds**|
||**Notes**|**2023**|**2023**|**2023**|**2022**|
|||**f**|**f**|**f**|**f**|
|**IncomingResources**||||||
|Incomingresourcesfromvoluntarysources:||||||
|Donationsfromthepublic|**2**||40,453|**40,453**|32,206|
|Trustincome|**2**|**-**|5,500|**5,500**|52,500|
|Legacyincome|**2**||**-**|||
|Fundraisingincome|**2**|**-**|51,557|**51,557**|30,662|
|Incomeresourcesfromcharitableactivities:||||||
|Courses|**2**||6,320|**6,320**||
|Governmentgrants|**2**||||21,166|
|Otherincome:||||||
|Investmentincome|**2**|**-**|24,947|**24,947**|17,082|
|**Totalincomingresources**|||128,777|**128,777**|153,616|
|**Resourcesexpended**||||||
|Costofgeneratingfunds|**3**||89,613|**89,613**|149,580|
|Charitableactivities:||||||
|Researchexpenditure|**3**||1,264|**1,264**|(23,804)|
|Coursecosts|3|34,587|97,393|**131,980**|40,634|
|**TotalResourcesexpended**||34,587|188,270|**222,857**|166,410|
|**Netincomingresourcesforthe**|**year**|(34,587)|(59,493)|**(94,080)**|(12,794)|
|Unrealisedgains/(losses)on||||||
|revaluationofinvestments||-|(77,152)|**(77,152)**|16,134|
|**Netmovementoffunds**||(34,587)|(136,645)|**(171,232)**|3,340|
|At31March2022||45,013|921,29S|**976,40g**|972,0Gg|
|**At31March2023**||10,426|794,750|**805,176**|976,408|
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|||**2023**|**2022**||
|---|---|---|---|---|
|**Notes**|||||
|**Fixedassets**|||||
|Tangibleassets|**7**|**4,623**||5,363|
|Investments|**8**|**739,150**||891,678|
|**Currentassets**|||||
|Accountsreceivable|**5,401**||||
|Prepaymentsandotherdebtors|
**4,204**|
1,387|||
|Cashatbankandinhand|**69,970**|
91,996|||
||**79,575**|
93,383|||
|**Creditors:amountsfallingduewithintheyear**|||||
|Accountspayable|**7,815**|
4,554|||
|Employmentcreditors|**4,417**|
2,442|||
|Accruals|**5,940**|
5,400|||
|Grantspledged|**9**|1,620|||
|Deferredincome|||||
||**18,172**|
14,016|||
|**Netcurrentassets**||**61,403**||79,367|
|**Totalassetslesscurrentliabilities**||**805,176**||976,408|
|**Funds**|||||
|Restricted|**10**|**10,426**||45,013|
|Designated|**11**|**550,000**||550,000|
|General|**11**|**244,750**||381,395|
|||**805,176**||976,408|
|ThesefinancialstatementswereauthorisedforissueandapprovedbytheTrusteeson|||t?.)|•t'1/47- 3|
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||||||**Total**|**Total**|
|---|---|---|---|---|---|---|
||**Restrictedfunds**||**Unrestrictedfunds**||**funds**|**funds**|
||**2023**|**2022**|**2023**|**2022**|**2023**|**2022**|
||**f**|**f**|**f**|**f**|**f**|**f**|
|Incomingresourcesfromvoluntarysources|||||||
|Donationsfromthe|||||||
|public|||**40,453**|32,206|**40,453**|32,206|
|TrustIncome||50,000|**5,500**|2,500|**5,500**|52,500|
|LegacyIncome|||||-|-|
|FundraisingIncome|||**51,557**|30,662|**51,557**|30,662|
|Incomingresourcesfromcharitableactivities|||||||
|Courses|||**6,320**|**-**|**6,320**|**-**|
|CoronavirusJobRetentionScheme||-||||21,166|
|OtherIncome|||||||
|InvestmentIncome||-|**24,947**|17,082|**24,947**|17,082|
|RefundreR&Drepaid|||||||
|Totalcosts|-|50,000|**128,777**|103,606|**128,777**|153,606|
##
||**Costsof**|||**Total**|**Total**|
|---|---|---|---|---|---|
||**generating**|**Research**|**Course**|**funds**|**funds**|
||**funds**|**expenditure**|**costs**|**2023**|**2022**|
||**£**|**f**|**f**|**f**|**f**|
|Trainingcourses|-|-|71,201|**71,201**|29,592|
|Researchexpenditure(note9)||(2,143)||**(2,143)**|(28,221)|
|Wagesandsalaries(note4)|67,241|2,606|46,496|**116,343**|108,245|
|Facilitiescosts|167|-||**167**|91|
|Consultancyandprofessionalfees|11,912|461|8,236|**20,609**|36,458|
|Fundraisingcosts|1,549|-|-|**1,549**|2,307|
|Website|-|||-|263|
|Supportcosts|8,744|340|6,047|**14,832**|17,675|
|Totalcosts|89,613|1,264|131,980|**222,857**|166,410|
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|**RESOURCESEXPENDED(continued...)**|||
|---|---|---|
||**2023**|2022|
||£|£|
|**Analysis**of**supportcosts**|||
|Depreciation|**2,660**|2,580|
|ITcosts|**2,754**|6,483|
|Auditfees|**5,940**|5,400|
|Bankfees|**473**|466|
|Otherofficeadministrativesupportcosts|**3,005**|2,746|
||**14,832**|17,675|
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|**STAFFCOSTSANDTRUSTEES'REMUNERATION**|||
|---|---|---|
||**2023**|2022|
||£|£|
|**Staffcostsandtrustee'sremuneration**|||
|Wagesandsalaries|**101,900**|91,611|
|Socialsecurity|**5,347**|7,914|
|Pensioncosts|**9,096**|8,720|
||**116,343**|108,245|
##
||Theaveragenumberofemployeesduringtheyearwasmadeup|asfollows:||
|---|---|---|---|
|||**2023**|2022|
|||**No.**|No.|
||Total|**4**|4|
|**6.**|**NETINCOMINGRESOURCESFORTHEYEAR**|||
||Thisisstatedaftercharging:|||
|||**2023**|2022|
|||**£**|£|
||Auditorsremuneration—asauditor|**5,940**|5,400|
||Depreciation|**2,660**|2,580|
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|||**Computers**|**Equipment**|**Total**|
|---|---|---|---|---|
||**Cost**||||
||At1April2022|91,618|27,426|119,044|
||Additions|1,920||1,920|
||At31March2023|**93,538**|**27,426**|**120,964**|
||**Depreciation**||||
||At1April2022|87,796|25,885|113,681|
||Depreciationcharge|2,166|494|2,660|
||At31March2023|**89,962**|**26,379**|**116,341**|
||**Netbookvalue**||||
||At31March2023|**3,576**|**1,047**|**4,623**|
||At31March2022|3,822|1,541|5,363|
|**8.**|**INVESTMENTS**||||
||||**2023**|2022|
||**Marketvalue**||||
||At1stApril2022||**891,678**|955,473|
||Investmentincomereceivedreinvested||**24,624**|17,071|
||Withdrawals||**(100,000)**|(97,000)|
||Gain/(Loss)onfairvaluemovements||**(77,152)**|16,134|
||**At31March2023**||**739,150**|891,678|
||**Investmentsheldasfollows:**||||
||Globalinvestmentunitfunds|||886,888|
||Cashheldbyinvestmentmanners||**739,150**|4,790|
||**At31March2023**||**739,150**|891,678|
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|**ANALYSISOFGRANTS**|||
|---|---|---|
||**2023**|2022|
||£|£|
|**Researchexpenditureduringtheyear**|||
|COALS||2,224|
|PelicanFellow|||
|Grantrefundsreceivedongrantspreviouslyderecognised||(945)|
|Grantobligationsreleasedonexpiryofgrant||(29,500)|
|**GrantspayablechargedtotheSoFAduringtheyear**||(28,221)|
||**2023**|2022|
||**£**|£|
|**Grantspayable**|||
|Grantspayableat31stMarch2022|**1,620**|29,500|
|GrantspayablechargedtotheSoFAduringtheyear|**(2,143)**|(28,221)|
|Grantspaidduringtheyear|**(2,230)**|(604)|
|Grantreceiptsreceivedduringtheyear|**2,753**|945|
|**Grantspayableat31stMarch2023**||1,620|
|Inadditiontotheabove,thetrusteeshadalsoapprovedthefollowinggrantstobemadeat31March2023,|||
|butwhicharenotaccruedforwithinthesefinancialstatements,asthecharitystillhadcontrolofthesefunds|||
|at31March2023:|||
||**2023**|2022|
||**£**|£|
|**Grantsapproved**|||
|None|||
|**Grantspledgescommitted,butnotaccruedat31stMarch2023**|||
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|**RESTRICTEDFUNDS**||||||
|---|---|---|---|---|---|
||**At**||||**At**|
||**1April**|**Incoming**|**Outgoing**||**31March**|
||**2022**|**resources**|**resources**|**Transfers**|**2023**|
||**f**|**f**|**f**|**f**|**f**|
|**Restrictedfunds**||||||
|Equipment-MDTProjector|2,000||||**2,000**|
|TIPTOP|14,813|||(14,813)||
|ColorectalSymposium|||**(6,387)**|**14,813**|**8,426**|
|OnlineEducationProgramme|28,200||**(28,200)**|||
|**TotalRestrictedfunds- 2023**|45,013||**(34,587)**||**10,426**|
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||**At**||||**At**|
|---|---|---|---|---|---|
||**1April**|**Incoming**|**Outgoing**||**31March**|
||**2021**|**resources**|**resources**|**Transfers**|**2022**|
||**f**|**f**|**f**|**f**|**f**|
|**Restrictedfunds**||||||
|TIPTOP|14,813||||14,813|
|OnlineEducationProgramme||50,000|(21,800)||28,200|
|Equipment—MDTprojector|2,000||||2,000|
|**TotalRestrictedfunds- 2022**|16,813|50,000|(21,800)||45,013|
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||**At**||||**At**|
|---|---|---|---|---|---|
||**1April**|**Incoming**|**Outgoing**||**31March**|
||**2022**|**resources**|**resources**|**Transfers**|**2023**|
||**f**|**f**|**f**|**f**|**E**|
|**Designatedfunds**||||||
|Contingencyreserve|300,000||||**300,000**|
|Research&Educationcommitments|200,000||||**200,000**|
|Fixedassetfund|50,000||||**50,000**|
|**TotalDesignatedfunds- 2023**|550,000||||**550,000**|
|Generalfunds|381,395|**128,777**|**(265,422)**||**244,750**|
|**TotalUnrestrictedfunds- 2023**|931,935|**128,777**|**(265,422)**||**794,750**|
||**At**||||**At**|
|---|---|---|---|---|---|
||**1April**|**Incoming**|**Outgoing**||**31March**|
||**2021**|**resources**|**resources**|**Transfers**|**2022**|
||**E**|**E**|**f**|**f**|**f**|
|**Designatedfunds**||||||
|Contingencyreserve|300,000||||**300,000**|
|Research&Educationcommitments|200,000||||**200,000**|
|Fixedassetfund|50,000||||**50,000**|
|**TotalDesignatedfunds— 2022**|550,000||||**550,000**|
|Generalfunds|406,255|119,750|(144,610)||**381,395**|
|**TotalUnrestrictedfunds- 2022**|956,255|119,750|(144,610)|_|**931,935**|
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||**Unrestrictedfunds**|**Unrestrictedfunds**|||
|---|---|---|---|---|
||**Designated**|**GeneralFunds**|**Restricted**|**Total**|
||**Funds**||**Funds**||
||**f**|**f**|**f**|**f**|
|Fixedassetinvestments|550,000|189,150||**739,150**|
|Tangiblefixedassets||4,623||**4,623**|
|Cashatbankandinhand||59,544|10,426|**69,970**|
|Othernetassets/(liabilities)||(8,567)||**(8,567)**|
||550,000|244,750|10,426|**805,176**|
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