2022-12-31-accounts - Climbers Against Cancer

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Climbers Against Cancer

Charity Number 1158181

Annual Report and Financial Statements

Year ended 31st December 2022

Climbers Against Cancer

Reference and administrative details

Trustees	A Dodd (appointed 1.11.22)
	D Oughton (appointed 1.11.22)
	S McCarron (appointed 1.11.22)
	B Jones (resigned 1.11.22)
	S Grimshaw
	S Feehaly (resigned 1.11.22)
Principal address	Unit C4, Holme Court
	Commercial Road
	Darwen
	Lancashire
	BB3 0FE
Bankers	Nat West
	Parklands, De Havilland Way
	Horwich
	BL6 4YU
Registered Charity Number	1158181
Independent Examiner	Mark Heaton FCCA FCIE DChA
	KM
	Chartered Accountants
	Burnley BB11 1JG

CLIMBERS AGAINST CANCER

TRUSTEES ANNUAL REPORT

The trustees present their report with the financial statements of the charity for the year ended 31 December 2022.

OBJECTIVES AND ACTIVITIES

The objects of the charity as set out in its trust deed are:

To relieve sickness and to preserve and protect good health for the public benefit by supporting research into finding a cure for cancer throughout the world and such other means as the trustees in their absolute discretion deem fit.

The charity achieves its objects by the awarding of grants to UK and overseas cancer research organisations. In 2022 three grants of £25,000 each were awarded. Decisions on who to award grants to is based on assessment by the trustees following an application by an organisation. Information requested includes: brief history of the organisation, its work main scientific achievements, funding and donors, financial and decision making procedures and the research objectives. Grants are made on an annual basis without multi year commitments.

PUBLIC BENEFIT

The trustees confirm that we have paid due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the charity should undertake.

CLIMBERS AGAINST CANCER TRADING LIMITED

The trustees of the charity own, on behalf of the charity, 100% of the share capital in Climbers Against Cancer Trading Limited, company number 09197060. This company raises funds for the charity by buying and selling branded and other clothing and climbing accessories and sponsorship. During 2022 sales amounted to £47,690 (2021: £57,440). The profits of the company are donated to the charity. A loss arose in 2022.

At the year end the amount owed by the company was:

Donation for year ended 31.12.22 £Nil Loan £52,359

The loan is provided by the charity for working capital, to buy stock etc. A formal loan agreement is now in place with interest charged by the charity, this amounting to £1,059 in 2022.

A review of the governance relationship between the two entities is being undertaken, including appointing an independent director of the company.

CLIMBERS AGAINST CANCER

TRUSTEES ANNUAL REPORT - CONTINUED

FINANCIAL REVIEW

The financial statements are set out on pages 6 and 7. At the year end bank balances amounted to £92,975. When the CIO (see below) starts a reserves policy will be formally established.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is governed by its trust deed dated 24[th] July 2014. Trustees are appointed as required. A Charitable Incorporated Organisation was established on 24[th] August 2022 (number 1200162) and will shortly take over the activities of this charity. Meetings of trustees are held as needed.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by the trustees on 21[st] September 2023 and signed on its behalf by:

Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLIMBERS AGAINST CANCER

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31[st] December 2022.

Responsibilities and basis of report

As the charity's trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the 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 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 charity as required by Section 130 of the Act; or
(2) the accounts do not accord with those records.

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.

M R Heaton FCCA FCIE DChA

Chartered Accountants

Burnley

BB11 1JG

21[st] September 2023

CLIMBERS AGAINST CANCER

RECEIPTS AND PAYMENTS ACCOUNT

Year ended 31[st] December 2022

Year ended 31st December 2022
RECEIPTS Climbers Against Cancer Trading Limited Donations Loan interest receivable PAYMENTS Grant: German Cancer Research Centre Grant: Asociacion Galen - Spain Grant:IFOM (Institute for Molecular Oncology) - Italy Grant:Swiss Cancer Foundation - Switzerland Grant:EORTC -Belgium Bank charges Other payments Climbers Against Cancer Trading Limited Net of receipts (payments) Cash funds brought forward Cash funds carried forward	Unrestricted funds (£) 31.12.22 - 34,744 1,059	Unrestricted funds (£) 31.12.21 12,648 30,532 673
	35,803	43,853
	- - 25,000 25,000 25,000 276 85 789	25,000 25,000 216 708 10,820
	76,150	61,744
	(40,347) 133,322	(17,891) 151,213
	92.975	133,322

CLIMBERS AGAINST CANCER

STATEMENT OF ASSETS AND LIABILITIES

As at 31[st] December 2022

s at 31st December 2022
CASH FUNDS Bank current account CLIMBERS AGAINST CANCER TRADING LIMITED Donation due to the charity Loan Share capital LIABILITIES Independent examination/accountancy	31.12.22 31.12.21 £92.975 £133,322
	£18,038 £17,249 £34,321 £34,321 £3 £3 £- £480

These accounts were approved by the trustees on 21[st] September 2023

Trustee

CLIMBERS AGAINST CANCER

NOTES TO THE FINANCIAL STATEMENTS

1 Basis of preparation These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities Act 2011.
2 Fund Accounting:

Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity

3 Taxation

The charity is not liable to tax on its charitable activities.

The charity is not registered for VAT. Irrecoverable VAT is included in the expense to which it relates.

4 Transactions with trustees

No remuneration nor expenses were paid to trustees or any persons connected with them during the year or previous year.