Charity registration number: 1155924 BURY CANCER SUPPORT CENTRE A CHARITABLE INCORPORATED ORGANISATION ANNUAL REPORT AND FINANCIAL STATEMENTS 31 MARCH 2024
BURY CANCER SUPPORT CENTRE CONTENTS (CONTINUED) Reference and Administrative Details Trustees, Report 2to7 Independent Examiner's Report Statement of Financial Activities Balance Sheet io Note5 to the Financial Statements Ilto19
BURY CANCER SUPPORT CENTRE REFERENCE AND ADMINISTRATIVE DETAILS Chairman Mrjeff Green- Chair Trustees Dennis Taylor MBE - Vice Chair Lynne Marland - Trustee Joanne Barlow - Trustee Charity Registration Number 1155924 Principal Office 406 Bolton Road Bury Lancashire BL8 2DA Independent Examiner Horsfield & Smith Tower House 269 Walmersley Road Bury Lancashire BL9 6NX
BURY CANCER SUPPORT CENTRE TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024. Objectives and activitles Objects and aims The association is established to alleviate the physical and menta I distress of persons with cancer, of the partners and immediate family of persons with cancer and of persons recently bereaved with cancer. Public benefit The centre supports patients and their loved ones by providing counselling, emotional support and therapy. The area of benefit is the Metropolitan Borough of Bury, all areas bordering on it and other such areas as the association may from time to time determine. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
BURY CANCER SUPPORT CENTRE TRUSTEES, REPORT (CONTINUED) YEAR ENDED 31 MARCH 2024 Achievements and performance This year has been a special year for the Centre. A charity that achieves 20 years, demonstrates how committed staff, volunteers, supporters and trustees have been. Well done and a big thank you to them all. The years have not been without their trials, but through everything the Bury Cancer Support Team have made it work. The 20th Year captured the public imagination and all the events were well supported raising money to support the excellent work carried out by the centre. The centre is back to full operation and that ha5 been achieved by the excellent leading of the team byJan Katana Imanagerl. The Centre has had a marked increase of patients since covid .The team are working extremely hard to ensure all patient5 are seen and supported. As our Treasurer, Jan Pearce-Langton has noted the challenge of raising funds never goes away and we will be very sad to lose ourTrea5urer as she retires in November 2024. Although there are still pressures on the Centre,. the team will ensure our 21st year is as successful as our 20th year. Jeff Green Chair of Trustees
BURY CANCER SUPPORT CENTRE TRUSTEES, REPORT (CONTINUED) YEAR ENDED 31 MARCH 2024 Financial review Bury Cancer Support Centre has now moved into its 21st year and as such it is a time to reflect proudly on the Centre's achievements. The 20th anniversary year gathered financial momentum, the imagination of supporters was embraced and the Centre's profile was raised. Under the tireless dedication and versatility of Centre Manager, Jan Katana, the team have consistently worked together alongside strong Chairmanship/Leadership. Challenges may need to be faced in the coming year as the Centre is in a period of adjustment with both new financial systems being put in place and a change of Leadership structure, Staff & Volunteers. This includes my resignation from the role of Treasurer, As a Team, we can be proud that the Centre's fragility has been protected. Moving forward financial aims should be realistic. It is important that all financial decisions are prioritised and are manageable. fime spent, the work involved and the resulting value to the Centre should all be considered. Acknowledgement and thanks are extended to Nancy who professionally produced the first Six months Accounts for the year, The monthly Accounts are now being input on Xero and it is hoped that this will prove to work as an efficient generic system, I have always maintained the vital importance of regular income from background systems that are already in place. Two of which are Gift Aid and BCSC Lottery. Gift Aid is significant income for the Centre. Raising awareness and understanding the huge potential of the financial benefit to the Centre should not be underestimated. The Lottery is in the process of being rolled out to the public. I believe this is another source of regular funding and should be actively promoted. The Centre is dependent on the dedication of all involved and new contacts will in turn bring fresh ideas and enable new opportunities to be explored. The key is to maintain financial reserves. This 15 a consequential ongoing challenge in the present economic climate. It is important to be prepared that the financial future for the Centre could be demanding and competitive. Brave decisions may have to be made and it is imperative that finances are closely monitored. Prudent spending should always be observed, and new opportunities be grasped.
BURY CANCER SUPPORT CENTRE TRUSTEES, REPORT (CONTINUED) YEAR ENDED 31 MARCH 2024 Independent fundraising, including individual Just Giving pages, should be encouraged and corporate Systems, including Matched Funding initiatives, are a valuable income for the Centre. Applying for funding by a bid process and fundraising events organised by the Centre (which a150 raises profile) should be concentrated on but measured as to the Centre's manpower resources. The unrivalled ethos model of the Centre, the strong work ethic of the team and the involvement of both existing/new supporters will help ensure Bury Cancer Support Centre strives to reach its goals and that the Centre's future is secured. JAN PEARCE-LANGTON TREASURER Plans for future periods Aims and key objectivesforfuture periods First relating back to the trustees report ending 31st March 2023: l) Maintain our continued support for patients and families. Achieved. 2) Support staff and volunteers through financial crisis. Achieved. 3} Continue fundraising. Continue work on bids and grants. Ongoing. 41 Recruit further well qualified staff. Open recruitment day.. 19/412024. 5} Maintain our current highly qualified staff .Although retirements have taken place the centre is actively recruiting. 6) Plan to re-open centre with appointments alongside drop in centre. Achieved. 71 Recruit further trustees. Ongoing. 8} Plan for 20th year. Achieved. Aims 202312024 a} Maintain our continued 5UPPOrt for patients and families. bl Support staff and volunteers. cl To continue with fundraising/bids and grants. dl Continue with recruitment of qualified staff. e) Recruit volunteers fl Recruit new trustees g) Plan 21st year activities
BURY CANCER SUPPORT CENTRE TRUSTEES. REPORT (CONTINUED) YEAR ENDED 31 MARCH 2024 Structure, governance and management Nature of governing document The charity's governing document is a Constitution adopted on 8th December 2003, as amended on 6th July 2004 and 24th February 2009. This was replaced by a Constitution of a Charitable Incorporated Organisation on 14th February 2014. Financial instruments Objectives and policies The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The charity is reliant on continuing cash inflows from donations to ensure there are sufficient funds available for ongoing operations and future developments. The charity's principal financial assets are bank balances and cash. The credit risk on these liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
BURY CANCER SUPPORT CENTRE TRUSTEES, REPORT (CONTINUED) YEAR ENDED 31 MARCH 2024 Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustee5' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disc105ed and explained In the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities {Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financlal information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on !5 behalf by: Mrj Chai re an
BURY CANCER SUPPORT CENTRE INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF BURY CANCER SUPPORT CENTRE I report to the trustees on my examination of the accounts of Bury Cancer Support Centre for the year ended 31 March 2024. Responsibilitles and basis of report As the charity trustees of Bury Cancer Support Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'l. I report in respect of my examination of the Bury Cancer Support Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{51(b} of the Act. Independent examinerfs 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: l. accounting records were not kept in respect of Bury Cancer Support Centre as required by section 130 of the Act. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting 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. Peter Nicol BSC FCA Tower House 269 Walmer51ey Road Bury Lancashire BL9 6NX Date:....
BURY CANCER SUPPORT CENTRE STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Total 2024 Total 2023 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Other trading activities Investment income 162,346 2,785 1,400 2,100 164,446 2,785 1,400 123,605 2,720 Total Income 166,531 2,100 168,631 126,327 Expenditure on: Charitable activities 1185,8711 {550} 1186,421} {166,2961 Total Expenditure {185,8711 (5501 1186,4211 1166,296) Net {expenditure}/income 119,3401 1,550 117,7901 {39,9691 Net movement in funds 119,340) 1,550 117,790) 139,9691 Reconciliation of funds Total funds brought forward 151,456 4,353 155,809 195,778 Total funds carried forward 14 132,116 5,903 138,019 155,809 All of the charity'5 activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 14.
BURY CANCER SUPPORT CENTRE BALANCE SHEET 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets io 195 199 Current assets Debtors li 1.315 136,617 8,978 146,632 Cash at bank and in hand 12 137,932 155,610 Creditors: Amounts falling due within one year 13 1108) Net current assets 137,824 155,610 Net assets 138,019 155,809 Funds of the charlty" Restricted income funds Restricted funds 5,903 4,353 Unrestrlcted income funds Unrestricted funds 132,116 151,456 Total funds 14 138,019 155,809 The fin cial statements on pages 9 to 19 were approved by the trustees, and authorised for issue 2472.*and signed on their behalf by: MrJ ff Gre Cha rma air io
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 arld the Charities Act 2011. Basis of preparation The financial statements have been prepared 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 1021 (effective l January 2015) - {Charities SORP {FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Bury Cancer Support Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogni5ed at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustee5 consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Expenditure All expenditure 15 recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable artivities Charita ble expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to SUPPOrt them. li
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 (CONTINUED) Support costs Support costs include central functions and have been allocated to activity cost categories on a ba51S consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is Potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible ftxed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residua I value, over their expected useful economic life a5 follows." Asset class Leasehold and Freehold Property Office equipment, fixtures and fittings Depreciation method and rate 2Yo Straight Line 10- 25% Straight Line Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investment5 that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary course of busine55 from suppliers. Accounts paya ble are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. are recognised initially at the tran53Ction price and subsequently measured at amortised cost using the effective interest method. 12
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 (CONTINUED) Fund structure Unrestricted income funds are general fund5 that are ava ilable for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Financial instruments Classificotion Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instrument5 are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the cha rity after ded ucting all of its liabilitie5. Recognition and measurement All financial assets and liabilities are initially measured at transaction price. If an arrangement constitutes a financirlg transaction, the financial asset or financial lia bility is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial asset5 and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a} the contractual rights to the cash flows from the financial asset expire or a re settled, b} the charity tra nsfers to another party substantia Ily all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. 13
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 (CONTINUED) 2 Income from donations and legacies Unrestricted funds General Restricted funds Total funds Donations and legacies; Donations from companies, trusts and similar proceeds Donations from individua15 Gift aid reclaimed 2,100 2,100 151,308 11,038 151,308 11,038 Total for 2024 162,346 2,100 164,446 Total for 2023 121,541 2,064 123,605 3 Income from other trading activities Unrestricted funds General Total funds Other income from other trading activities 2,785 2,785 Total for 2024 2,785 2,785 Total for 2023 2,720 2,720 4 Investment income Unrestricted funds General Total funds Interest receivable and similar income- Interest receivable on bank deposits 1,400 1,400 Total for 2024 1,400 1,400 Total for 2023 14
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 (CONTINUED) 5 Expenditure on charitable activities Unrestricted funds General Restricted funds Total funds Note Allocated support costs Governance costs 181,076 4,795 550 181,626 4,795 Total for 2024 185,871 550 186,421 Total for 2023 165,646 650 166,296 15
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 (CONTINUED) 6 Analysis of governance and support costs Governance costs Unrestricted funds General Total funds Independent examiner fees Examination of the financial statements Legal fees Other governance cost5 780 780 15 15 4,000 4,000 Total for 2024 4,795 4,795 Total for 2023 5,199 5,199 7 Net incomingloutgoing resources Net outgoing resources for the year include: 2024 2023 Depreciation of fixed asset5 8 Independent examiner's remuneration 2024 2023 Examination of the financial statements 780 750 16
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 (CONTINUED) 9 Taxation The charity is a registered charity and is therefore exempt from taxation. 10 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At l April 2023 295 2,987 3,282 At 31 March 2024 295 2,987 3,282 Depreciation At l April 2023 Charge for the year 95 2,987 3,082 At 31 March 2024 loo 2,987 3,087 Net book value At 31 March 2024 195 195 At 31 March 2023 200 200 11 Debtors 2024 2023 Prepayments 1,315 8,978 12 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 1,056 135,561 1,014 145,618 136,617 146,632 13 Creditors: amounts falling due within one year 2024 Trade creditors 108 17
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 (CONTINUED) 14 Funds Balance at I April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestricted funds General Unrestricted fund 151,456 166,531 (185,871) 132,116 Restricted funds Restricted fund 4,353 2,100 {5501 5,903 Total funds 155,809 168,631 1186,4211 138,019 Balance at I April 2022 Incoming resources Resources expended Balance at 31 March 2023 Unrestricted funds General Unrestricted fund 192,839 124,263 1165,646} 151,456 Restricted Restricted fund 2,939 2,064 {6501 4,353 Total funds 195,778 126,327 1166,2961 155,809 The specific purposes for which the funds are to be applied are as follows: The restricted funds in the year consisted of the lottery run by Bury Cancer Support Centre. 18
BURY CANCER SUPPORT CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 (CONTINUED) 15 Analysis of net assets between funds Unrestricted fund5 General Total funds at 31 March 2024 Tangible fixed assets Current assets 195 195 137,932 (1081 137,932 {108} Current liabilities Total net a55ets 138,019 138,019 Unrestricted funds General Total funds at 31 March 2023 Tangible fixed assets Current assets 199 155,610 199 155,610 Total net assets 155,809 155,809 19