## **Climbers Against Cancer** **Charity Number 1158181** **Annual Report and Financial Statements** **Year ended 31st December 2022** 1 ## **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| 2 ## **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. 3 ## **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 4 ## **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 KM Chartered Accountants Burnley BB11 1JG 21[st] September 2023 5 ## **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| 6 ## **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 7 ## **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. 8