CHARITY REGISTRATION NUMBER: 1154996 Miles For Men Unaudited Financial Statements 31 October 2023 Chartered accountants Co51ingwood House Church Square Hartlepool TS24 7EN Miles For Men Financial Statements Year ended 31 October 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financlal actlvltles statement of flnancl81 posltlon Notes to the flnanclal statements Miles For Men Trustees. Annual Report Year ended 31 October 2023 The trustees present Ihelr report and the unaudited financfjal slalemenls of the charity for the year ended 31 October 2023. Reference and adminlstratlve detalls Registered charity name Miles For Men Charity rggistration number 1154996 Prlnclpal offlce Unil 135 Middleton Grange Shopping Centre Hartlepool TS24 7RZ The trustees M Shield Miss K Pearson K Willgress - Chalr P Shield R Foster Independent oxarnlner Thomas Atkinson Collingwood Houso Church Square Hartlepool TS24 7EN structuro, gov•rnan¢• and managomont The charlty Is controlled by its governing document, a deed of trust and conslltules an unln¢orporated charlty. ObJèctSvo8 and actlvltl•s To relleve sickness and presorve and prole¢l health by fundlng research Into the causes, dlagnosls, prevention, treatment and cure of all forms of cancer and the publlcalion of useful results and by funding equipment and rosourc•s to nominaled bodles and Indlvlduals chosen by the charlty. A¢hievement8 and performance In planning the activities for the year the trustees were mindful of the Charity Comrnission's guidance on public benefit. The Gharily hosts fun runs and other events lo raise funds for cancer charities across the UK. Flnanclal revlew During gthe year the charlty held a number of events to ralse funds foT cancer chaTilies across the UK. 11 also offers respite holidays in its caravan for patients receiving treatments and their families. Miles For Men Trustees, Annual Report {GoJytlnuedl Year ended 31 October 2023 The trustees. annual report was approved o Iruslees by.. and signed on behalf of the board of Miss K Pearson Trustee Miles For Men Independent Examinerfs Report to the Trustees of Miles For Men Year ended 31 October 2023 I report to the Iruslees on my examination of the flnancial statements of Miles For Men {'the charity,) for the year ended 31 October 2023. Ruponslbillties and basls of report As the trustees of the charity you are responsible for the preparatlon of the financial ststemenls in accordance with the requirements of the Charities A¢t 2011 {'the Act.). I report in respect of my examinalSon of the charills flnanclal statements carrled out under section 145 of the 2011 Act and in carrying out my examinallon I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Ind¢pond&nt examlnorfs statement I have Gompleted my examlnalion. I conflrm that no m8lerl81 matters have come to my attention In conneGlion with the examination giving me ¢au$e lo beli&ve Ihal in any material respect.. accounting r&¢ord$ were not kept In respect of the charlly as requlred by 88Ction 130 of the Act,. or the flnanclal stalements do not accord wllh Ihose re¢ords,' or the financial $lalemenl$ do not ¢Dmpty wllh the applicable requlremenls concerning the form and content of a¢¢ounls $el out In the Charllles IAccounts and Reports) Regulation5 2008 other Ihan any requlrement that the accounts give a 'lru8 and fair, view which is not a ma116r considered as part of an independent examlnatlon. I have no ¢on¢erns and have come across no other matters In connection with the examlnatlon to whl¢h allènllon should be drawn In Ihls r8Wrt In order to enable a proper underslandlng of the a¢counts lo be reached. Thoma8 Atkinson Independent Examlner Colllngwood House Church Square Harllepool TS24 7EN Miles For Men Statement of Financial Activities Year ended 31 October 2023 2023 Unrestricted funds Total fund8 Total funds 2022 Note Incorne and endowmgnts Donation8 and legacies Other trading aclivili8s Total income 52,763 30,643 83,306 52,763 30,543 83,306 64,669 24,974 89,643 Expendlture Expenditure on raising funé$'. Costs of other trading a¢livilies Expenditure on ¢harilable a¢tiviltes Total expendlture 2,732 108,168 110,900 96,255 96,255 96,255 96,255 Net expend5ture and net movement In funds 112,949) 112,9491 121,2571 Reconclliation of fund8 Total funds brought forwar Total funds Carrled forward 143,750 143,750 130,801 165,001 143,744 130,801 The slalemenl of finanoial aGllvllies Includes all galns and losses recognl$ed in the year. All income and expenditure derive from conllnuing acllvllles. The noteB on page8 6 to 12 forrn part tsf th8s• fin8neial stat•ments. Miles For Men Statement of Financial Position 31 October 2023 2023 2022 Nots Flxed assets Tangible fixed assets 13 38,227 44,798 Current a$¥et$ Cash at bank and in hand 93,774 101,997 Creditors: amounts falllng du• wlthln onè yèar Net curront assets 14 1,200 92,574 130,801 3,051 98,946 143,744 Total as8gts less currgnt liabiliti09 Funds of th8 charlty Unrestricted funds 130,801 130,801 143,744 143,744 Total oharlty funds 15 These financlal statements were approved by the board of Iruslee$ and 8Uthori88d for Issue on 20 . 202tyand are signed on behalf of the board by.. Mlss K Pearson Trustee The nots8 on pages 6 to 12 form part ofthbsè financial statèmènts. Miles For Men Notes to the Financial Statements Year ended 31 October 2023 General Infomiatlon The ¢harity 1$ 8 public benefit entity and a registered charity in England and Wales and Is unin¢orporaled. The address of the principal office is Unil 135, Middleton Grange Shopplng Centre, Hartlepool, TS24 7RZ. Statement of compliance These financial slal&ments have been prepared in compliance with FRS 102, 'The Flnanclal Reportlng SlaNdard applicable in the UK and the Republic of Ir8lané', the Slalamenl of Recommended Practice applicable lo charities preparing their accounts in a¢¢ordance with the Flnancial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102} Icharltles SORP {FRS 102)) and the Charities Acl 2011. Accountlng pollcle8 Basls of preparatlon The flnanclal stslemenls have been prepared on the historical cost basls, as modified by the revaluallon of certain financlal assets and118bililies and investment propert5es measured at falr value through income or expenditure. The fln8ncl81 stslemenls are prepared In sterling, which Is the functlonal currency of the gntily. Golng concern There arg no materlal uncertain118s about th8 charlV¥ ability lo ¢ontlnue. Judgements and kgy sources of 08tlmallon uncortalnty The accounts are prepared on a recelpls basls. The charlty only makes grants if the funds are av811able in the bank. Fund accountlng Unrestricted funds art available for use al the dlscrellon of the Iruslees to further any of the charltys purposes. D8signated funds are unreslricled funds earmarked by the trustees for partlcular future projocl or commitment. Restricted funds are 5ubje¢led lo restriclions on Ihelr expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes-. reslricled income funds or endowment funds. Miles For Men Notes to the Financial Statements (eontintml) Year ended 31 October 2023 Accountlng pollGigs fcvntlnugd? InGoming resourGes All incoming resources are included in the statement of financial activities when entitlement has passed lo the charity., it is probable that the econolnic benefits associated wilh the transaction will flow lo the charity and the arnounl can be reliably measured. The following specific policie8 are applied to particular categories of income.. income from donations or grants is rtcognised when there Is evldence of entiilemenl lo the gift, receipt is probable and ils amount can be measured reliably. legacy income 13 r¢cogni$8d when receipt18 probable and entitlement Is established. income from donaleé goods Is measured al the fair value of the goods unless thls Is impra¢ti¢al lo measure rellably. In whlch case the value is derived from the cost lo the donor or the eslimaled resale valua. Donated facllitles and servlces are recognised In the accounts when recelv&d If the value can be rellably measured. No amounts are included for the ¢ontribullor) of general volunteers. Income from contracts for the supply of servlces Is recognls8d wllh th8 delivery of the contracted servlce. Thi8 18 classified as unreslricled funds unless there 15 a Gonlraclual requlrement for 51 lo be spent on a particular purpose and returned if unspgnl, in which ¢ase 11 may be regarded 8$ restri¢led. Resources expended Expendllure Is recognlsed on an accruals basls as a liability is incurred. Expenditure Includes any VAT whlch cannot be fully recovered, and is classified under heading5 of the statement of flnanclal actlvilles to whlch It relates.. expendSlure on ralsing funds includes the costs of all fundralsing aotlvllies, events, non- charitable trading aclivllles, and the sale of donated goods. expenditure on charitable activilles in¢ludes all ¢osls Incurred by a charlly In undertaklng activities that further ils charitable aims for the benefll of Its benefSclarles, IncludSng those support costs and costs relaling lo the governan¢e of the charlty apportloned lo charitable activities. other expenditure Includes all expendlture that is neither related lo raising funds for the charity nor part of its expenditure on charitable actlvltles. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable. justifiable and consislenl basis. Tanglble assets Tangible assets are Inlllally recorded al cost, and sub5equ8nYy Stated at cost less any a¢¢umulated depreclatlon and Impalrment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the dale of Tevalualion less any subsequent a¢¢umulated éepreclallon and subsequent accumulated impairment losses. Miles For Men Notes to the Financial Statèm8ntS Icontinuedj Year ended 31 October 2023 Accountlng pollcles (contlrjuedj Tangible assets {¢ondnuedJ An Incre88e In the caryng amount of an asset as a result of a revaluatlon, Is recognlsed In other recognlsed gains and losses, unle5511 reverses a charge for Impalrmenl that has prevlously been recognlsed as expenditure ￿thIn the slalement of financlal activities. A decrease In the carrying amount of an asset as a result of revaluallon, Is recognised In other recognlsed galn5 and losses, except lo whlch It offsets any prevlous revaluatlon gain, in which case the loss Is Show￿ within other recognlsed gains and losses on the statement of finanGlal actlvilies. Depreclatlon Depre¢iation is ¢al¢ulated $0 as lo write off the cost or valuatlon of an assel, le$$ Its residual value, over the useful e¢onomi¢ life of that asset as follows.. Motor vehlcles Equlpm8nl 25Yo reduclng balance 1 OYO slralghl Ilne Impalrment of Ilxed a88et8 A revlew for indlcalors of Impairment 1$ carried out al each reportlng datè, wllh the recoverable amount belng eslimaleé where such Indlcalors exlsl. Whère the carrylng value exceeds the recoverable amount. the asset Is Impalred accordlngly. Prlor Impalrmenls are also revlewed for possible reversal at each reportlng éate. For th& purposes of Impalrmenl tesllng, when 11 Is not FKJsslble to estlmale the recoverable amount of an Indlvldual asset, an esllmale Is made of the recoverable amount of the cash- generallng unil to which the asset belongs. The cash.generallng unil Is the smallest identifiable group of a5sels that inGludes Ihe asset generate5 Ga5h Inflow$ that largely Independgnl of the ¢a$h inflows from other as$els or groups of assets, For Impalrmenl le8lln9 of goodwlll, the goodwlll acqulred In a buslne88 comblnatlon Is. from the acqulslllon dale, allocated to each of the cash-generallng unlls that are expected to beneflt from the synergles of the comblnalion, Irre8peclive of whether other assets or Ilabi1Slles of the charity are asslgned lo those unlts. Flnanclal Instruments A financlal asset or a financial Ilability Is recogni8ed only when the charlly become8 a party to the contractual provisions of the inslrumenl. Baslc fln8nclal Instruments are Inllially recognlsed al the amount recelvable or payable Includlng any related transacllon costs. Current assets and current Ilabllltles are subsequently measured al the cash or other consideration expected lo be paid or received and not dlscounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise b8 m8asured reliably, the investment Is 5ubsequonlly rnea5ured at fair value with changes in fair value recognised in income and expenditure. All other Such investments ar8 subsequently measured at cost less impairment. Miles For Men Notes to the Financial Statements (contlnued? Year ended 31 October 2023 Accounting policies i¢ontinu¢dJ Flnanclal Instruments IGon¢lnued) Other flnancial instruments, including derivatives, are initially recognised al falr value, unless payment for an asset is deferred beyond normal business terms or financed al a rate of interest that Is not a market rate, in which case the asset is measured al the present value of the future payments discounted al a market rale of interest for a similar debt inslrumenl. Other fSnancial Instruments are subsequently measured at fair value, with any changes recognised in the statement of financial aclivilies, with the exception of hedging instruments in a deslgnated hedglng relatlonship. Financial asset8 that are measured al cost or amortised cost are reviewed for objeelive 6vid6nce of impairment at the end of each reporlir¢g dale. If there is objective evidence of impairment, an impairment Ioss 18 recognised under the appropri8le heading in the stalemonl of financial aclivllles in which the in11181 gain was recognlsed. For all eqully inslnjmenls regardless of significance, and other finanoial assets that are indlvldually slgniflcanl, Ihesg are assessed individually for impairment. Other financlal assets are elther assessed individually or grouped on the basis of simllar credll risk characlerlstics. Any reversals of impairment are recognlsed Immedlalely, lo the exlgril that the roversal do6$ not r88uIt in a carrying amount of the financial asset that exceeds what the carylng amount would have been h8d the impairment not previously been reco9nlsed. Donatlons and legacleJJ Unrestrlcled Total Funds UnreslrlGled Total Funds Funds 2023 Fur￿5 2022 Donatlon$ Donations and fundTaislng Caravan receipts 48,253 4,510 52,763 48,253 4,510 52,763 61,839 2,830 64,669 61,839 2,830 64,669 Othèr tradlng actlvltle8 Unrestr1￿8d Total Funds Unre81rlcled Total Funds Funds 2023 Funds 2022 Shop income 30,543 30,543 24,974 24,974 Cost8 of other trading actlvities Unrestricted Total Funds Unreslricled Total Funds Fund8 2023 Funds 2022 Costs of other Irading activities- Shop ¢osts 2.732 2.732 Miles For Men Notes to the Financial Statements (contlnued) Year ended 31 October 2023 Expenditure on Gharitable activities by fund type Unreslricled Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Grant giving Support Gosts 60,036 36,219 60,036 36,219 69,651 38,517 69,651 38,517 96,255 96,255 108,168 108,168 Expenditure on charitable activities by a¢tivity type Aclivltle5 undertaken directly Support costs Total funds 2023 Total fund 2022 Grant glvlng 60,036 36,219 96,255 108,168 Analy818 of grant8 2023 2022 Grants to Instltutlons Grarits to Inslilulions type 1 Total grants 19,526 19,526 10. Net expendlture Net expendllure18 slated after charglngl{credltlngl'. 2023 2022 Depreclatlon of langlble flxed assets 6.577 7,228 11. staff costs rhe total staff costs and omployee beneflt5 for the reporting perlod are analysed as follows.. 2023 2022 Wages and salarles 17,800 14,400 The average head count of employees during the year was Nll12022.. Nil). No employee reGeived employee benefits of more Ihan £60,000 during the year (2022.. Nil). 12. Trustee remuneratlon and expenses No tnjslee recelved any remuneratlon from the charlty12018 nlll- 10 Miles For Men Notes to the Financial Statements l¢DrttinyeLIJ Year ended 31 October 2023 13. Tanglble flxed assets Motor vehicles Equipment Total Cost At 1 November 2022 and 31 October 2023 13,900 46.223 60,123 D¢pr¢¢iation Al 1 November 2022 Charge for the year At 31 October 2023 6,075 1,955 8,030 9.244 4.622 15,319 6.577 13,866 21,896 Carrying amount At 31 October 2023 5,870 7,825 32,357 36,979 38,227 Al 31 0¢tober 2022 44,804 14. Credltors: amounts folllng duo wlthln one year 2023 2022 Trado creditor8 1,200 3,051 1 S. Analy818 of charltable funds Unrestrlcted funds At 1 November 2 022 At 31 October 2 023 Ir￿rne Expendltsjre General funds 143,750 83,306 196,2551 130,801 At 1 November 2 021 Al 31 October 20 22 Income Expendllure General funds 165,001 89,643 (110,9001 143,744 Miles For Men Notes to the Financial Statements IGonllnu¢ Year ended 31 October 2023 16. Analysis of net assets between funds Unrestri¢ted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Not assets 38,227 93,774 11,2001 130,801 38,227 93,774 11,2001 130,801 Unreslri¢leé Tol81 Funds Funds 2022 Tanglble fixed assets Current as5els Credllors less than 1 year Net assets 44,798 101,907 13,0511 143,744 44,798 1 D1,997 (3,0511 143,744 12