Charty registration number 1159063 Oscar's Paediatric Brain Tumour Charity Annual Report And Unaudited Financial Statements For The Period Ended 31 December 2024
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs M T Hughes Mrs A Beckw'th Mrs L J Dawson Mr R K Mathew Dr M J Taylor Ms S Marino Ms H Dixon (Appointed 8 July 20251 (Appointed 1 January 2025) (Appointed 1 June 2025) Charity number 1159063 Registered office Blake House 18 Blake Street York Y01 8QH Independent examiner Jessica Lawren FCA CTA Azets Audit Services Limited 12 King Street Leeds LS12HL
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY CONTENTS Page Trustees, report Statement of Trustees, responsibilities Independent examinevs report Statement of financial activities Balance sheet Notes to the financial statements 10-22
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY TRUSTEES. REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statements for the period ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming document, the Charities Act 2011 and "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 102}" (effective 1 January 2019). Objectives and activities Policies and objectives The object of OSCAR'S Paediatric Brain Tumour Charity is for the public benefit, the advanment of health, specifically in aid of paediatric brain tumour research and awareness, and assisting in the treatment, support, and care of paediatric brain tumour patients, in particular but not exclusively by.. 1. Funding or c(Ffvnding paediatric brain tumour research programmes or projects. 2. Funding or co-funding support and care programmes for paediatric brain tumour patients and their families. 3. Funding or C¢>funding projects that increase awareness of paediatn'c brain tumours and the signs and symptoms associated with them. 4. Part-funding paediatric brain tumour treatment programmes outside the UK in cases where there are no successful NHS funded treatment protocols available to them. In setting the objectives and planning the activities the trustees have given careful consideration to the Charity Commission's general guidance on public benefit. Details of how the charity has carried out its activities for public benefit are given in the achievements and performance section. b. Activities undertaken to achieve objectives The Charity has continued to work with a number of organisations to achieve the following objectives.. 1. Funding or co-fvnding paediatric brain tumour research programmes or projects in conjunction with Leeds Teaching Hospitals, Institute of Cancer Research: Royal Cancer Hospitsl Research. Great North Children's Hospital and the University of York. 2. Funding or Cowfunding support and care programmes for paediatric brain tumour patients and their families through over 700 hours of support. 62 Booster Boxes were sent to children with brain tumours and thar siblings, assisted in part by Yorkshire's Finest Hampers. 3. Funding projects that increase awareness of paediatric brain tumours and the signs and symptoms associated th them induding partnerships with 8 schools to deliver talks, and Rapport Creative Design on digital and print awareness leaflets. 4. Organising fundraising events to increase income. induding Raw Adventures to deliver our annual Family Challenge on Edale Skyline, Run ForAII for the Yorkshire Marathon and UK Running Events for the Inflatable 5k. 5. In our 10th year we partnered with numerous organisations to deliver our third fundraising ball including Camper King, CPC Foods, New Guard Coatings, Assimi18. Azets and Web Hummel.
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 c. Main activities undertaken to further the Charity's purposes for the public benefrt To ensure we had the funds to achieve our objectives, we set an income target of £180,000, although this was to cover a 12 month period (April 1 2024 to 31 March 2025). We looked to increase participation in events, creating new ones and continuing annual events. These included flagship events like the Edale Skyline ChallerKJe, the Inflatable sk and entering teams and individuals into the Yorkshire Marathon. We continued our work with our supporter's group - Lily s Rainbow Fun& in memory of 4-year-old Lily Harley from North Lincolnshire and saw more fundraising support from families we work with, such as Team Immie in Newcastle and Team Af in Bedale. We increased our headcount by three new team members focusing on finance, marketing and fundraising, as well as restructuring our family support team to ensure that this sits at the heart of everything we do. We maintained our daily output on social media, continuing to increase our following and serving as an important platform to reach new and existing families as well as raise awareness of signs and symptoms. Email marketing and a supporter database was set-up which led to more efficienl communication both intemally and externally, including more engagement from those receiving information through digital newsletters. Search Engine Optimisation was employed to drive more traffic to our website and it began to help people find OSCAR'S more readily in Google searches. New films were created to get the aims and story of the charity out to different audiences. We also featured regularly in local press and radio in York as well as further afield in Wamckshire and North-East England. One of our youth volunteers was awarded Child of The Year by the York Press, and an adult volunteer was awarded achievement awards by local press. We made contact with an increasing number of families vthose children were affected by brain tumours, supporting them through the wide reach of our Family Support Scheme which included messaging, signposting, advice, paid for support such as physio, and Booster Boxes. A number of these parents have been helpful in shaping our future ideas. Our staff team worked well together to consider a number of possible projects to work on. This involved making contacts in different areas of the brain tumour community - chanties, researchers, clinicians, businesses, families, schools and more. We continued to work alongside PASIC (Parents Association for Seriously 111 childn) in the East Midlands who referred families to us for support. We carried out our first research call with 4 success1 projects receiving fvnding in Leeds. Newcastle, London and York. Our corporate partnerships led to an increase in temis of amount of involvement and a record amount of fundraising. BNI Ebor, Yorkshire's Finest Hampers, Vantage Toyota York, Camper King, and New Guard Coatings continued long-temi partnerships. Azets and TSYS became our most successful partnerships. A new partnership was created with Nicola Page Financial Solutions. One school continued their partnership, wth three new schools also nominating us as their Charity of The Year. In our 10th year of operation. we held an anniversary ball, attended by over 200 people at the Milner Hotel in York. raising the most amount of money that we have ever brought in from one single event. In 2025, the profil was subsequently designated by the trustees for family support and booster boxes, and also for two future projects for 2025.. Lifeline (a project looking at mental health provision for families following a brain tumour diagnosis) and Brain Tumour Focus (a project linked to the portable MRI that we have been fvndraising for previously).
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Achievements and performance Financial and Systems Management We maintained robust financial and operational oversight throughout the year, ensuring all charitable funds were properly managed and directed to our core objectives. Our integrated approach to systems management combining financial controls, a new Customer Relationship Management System, and streamlined processes - has created a solid foundation that allows staff to work efficiently and effectively. These improvements ensure we can maximise the impact of every pound donated while maintaining the highest Standards of govemance and accountability. Outputs Summary April to December 2024 62 Booster Boxes delivered to children viith a brain tumour diagnosis and their siblings Support provided to over 30 families 8 schools visited, reaching 3,971 pupils. 556 stsff and 4.375 parentslguardians Over 700 hours of direct family support provided 4 research projects nded with a total of £61,711 awarded The launch of our regular Newsletter launched to enhan supporter communications. with a 49.3 % open rate Community Fundraiser hired (4 dayslweek) CRM system implemented to= map supporter joumeys more effectively, record all family support and contact, improve outcome and output reporting, record all trusts and foundab'ons work (pipeline, research, applications and awards) and enable us to handle our own event ticketing (reducing costs) Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. b. Financial review The Charity raised £284,979 in the period. The net surplus was £98,328 (March 2024= deficit £27,196) for the period and the unrestricted funds balance as at 31 December 2024 was £243,425 (March 2024.. £155,533) including £50,000 (March 2024.. £23,364) designated funds. The free reserves as at 31 December 2024 were £193,425 {March 2024.. £132,169). The Charity's reserves policy takes into account the Charity's financial circumstances and other relevant factors. It demonstrates the Charity's resilience and capacity to manage unforeseen financial difficulties. The Trustees regularly monitor and review the effectiveness of the policy in the light of the changing funding financial climate and other risks. The Charity's reserves policy should give confidence to our stakeholders that the Charity's finances are being managed and can also provide an indicator of future funding needs. The Trustees agreed in October 2024 to set the reserves policy at 6 months. This amounted to £102,000 and was held in a separate bank account with our restricted funds. It is the policy of the Charity that unrestricted fvnds which have not been designated for a specific use should be maintained at a level equivalent to six month's expenditure. The Trustees consider that reseNes at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the Charity's current activities while consideration is given to ways in vthich additional funds may be raised. This level of reserves has been maintained throughout the period.
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Plans for future periods 2025 will be a period of consolidation, vthere we embed our flagship projects, refine our policies and procedures, and ensure we are positioned for effective and sustainable growlh from 2026 onwards. Strategic Planning We will develop and finalise our &Year Strategy with clear objectives and milestones for the charity's growth and impact. This collaborative process will involve trustees, staff and key stakeholders, ensuring our frjture direction aligns with the needs of the children and families we support while maintaining financial sustainability. Building on this foundation, we will develop a 5-Year Fundraising Strategy to secure the reSoUrS needed to deliver our growth plans. We will strengthen our govemance systems. including finance. HR. data management, internal and external communications, and partnerships. Our Family Support Officers wll continue their vital work wth children and families. ensuring they receive the tailored and comprehensive support that they deserve. They wll also continue providing guidance to schools where a child has a brain tumour diagnosis. As part of our family support work, we will build relationships viith partner organisations for mutual referrals. These 11 include children's hospices, specialist therapeutic support services, respite care providers, and charities offering family holidays. We will maintain our commitment to funding vital medical research. We will grow our key fundraising areas.. Trusts and Foundations (250A target growth) Corporates (150/0 target growth) Events(100 target growth) Community Fundraising (10% target growth) We will also research the establishment of a Legacy and Major Donor Programme for launch in 2026. We will collaborate closely with Leeds Teaching Hospital Trust and other partners to develop a working group that fundraises for innovative medical equipment and technology, improving healthcare outcomes for brain tumour patients. Financial Management We will uphold robust financial controls and reporting mechanisms, ensuring transparency and accountability throughout our operations. Measuring Impact We will implement a comprehensive impact measurement framework to better understand and communicate our effectiveness. This will include collecting both quantitative and qualitative data from the families we support, enabling us to demonstrate our impact to supporters and continuously improve our seNices. Digital Transformation We will enhance our digital capabilities to improve efficiency and reach. This includes updating our website, optimising our social media presence, and exploring digital fvndraising opportunities to engage a wider audience. Community Engagement We will strengthen our community connections through regular events, volunteer opportunities, and awareness campaigns. Building a strong supporter community is essential for our long-temi sustainability and growth. Summary By focusing on these key areas in 2025, we will establish a solid foundation for OSCAR'S Charity to thrive and expand in the coming years, ensuring we can continue providing essents'al support to anyone in the UK affected by a childhood brain tumour.
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Structure, governance and management The Trustees who served during the period and up to the date of signature of the financial ststements were.. Mrs S Gray (Resigned 22 May 2025) Mrs M T Hughes Mrs A Beckwith Mrs L J Dawson Mr R K Mathew Dr M J Taylor Ms S Marino Ms H Dixon (Appointed 8 July 2025) (Appointed 1 January 2025) (Appointed 1 June 2025) . Methods of appointment or election of Trustees The serving Trustees have the power to appoint new Trustees. b. Organisational structure and decision-making policies OSCAR'S Paediatric Brain Tumour Charity is a charitsble incorporated organisation and was registered on 4 November 2014. The charity is governed under a constitution dated 8 September 2014, updated July 2022. The Board of Trustees and Chief Executive are responsible for the Charity's development and ensuring adherence to policies and procedures, the day to day running of the Charity and ensuring the effective management of human and financial resources, whilst the Charity Manager is responsible for building relationships with families and communities as well as organising tailored support. c. Fundraising OSCAR'S Paediatric Brain Tumour Charity does not use exiemal fundraisers or use promotional materials to raise funds. All funds are raised by our own events, supporters, events and donations. for example the Marathon and Family Challenge walks, and grants from trusts and foundations. The Trustees, report was approved by the Board of Trustees. Mrs M T Hughes Trustee 2711012025
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE PERIOD ENDED 31 DECEMBER 2024 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢pted Accounting Practice). The law applicable lo Charities in England and Wales requires the Twstees 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 stsndards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities.
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY I report to the Trustees on my examination of the financial statements of Oscar's Paediatric Brain Tumour Charity (the Charity) for the period ended 31 December 2024. This report is made solely to the Charity's trustees. as a body, in accordance wth Section 145 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the Charity's trustees those matters l am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's trustees as a body, for my independent examination work, for this report, or for the opinions I have fom)ed. Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements ofthe CharitiesAct 2011 (the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , which is one of the listed bodies. 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 that in any material respect= accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the financial statements do not accord wth those records" or the financial statements do not comply with the applicable 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 financial statements to be reached. J&ssiGa Lowr&nGG Jessica Lawrence FCA CTA Azets Audit SeIs Limited 12 King Street Leeds LS12HL 27110/2025
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2024 2024 Total Dec 2024 Mar 2024 Notes Donations and legacies Other trading activities Investments 98,535 14.695 113.230 61,960 23,314 85,274 169.249 2.516 2.500 171.749 2.516 81,568 1,681 81.568 1.681 Total income 270,300 17,195 287,495 145,209 23,314 168,523 Raising funds 93,028 93,028 98,349 5,608 103,957 Charitable activities 89,380 6.759 96.139 83,315 8,447 91,762 Total expenditure 182.408 6.759 189.167 181,664 14,055 195,719 Net 1ncomel(expenditu) for the periodl Net movement in funds 87,892 10,436 98,328 (36,455) 9,259 {27,196) Fund balances at 1 April 2024 155.533 11.059 166.592 191,988 1,800 193.788 Fund balances at 31 December 2024 243,425 21,495 264,920 155,533 11,059 166,592 The statement of financial activities indudes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024 Dec 2024 Mar 2024 Notes Fixed assets Intangible assets Tangible assets 13 14 5,161 936 6,089 1,100 6,097 7,189 Current assets Debtors Cash at bank and in hand 15 11,935 259.868 8,296 161,678 271.803 169,974 Creditors: amounts falling due within one year 16 (12,980) (10,571) Net current assets 258,823 159,403 Total assets less current liabilities 264,920 166,592 Income funds Restricted funds Unrestricted funds Designated funds General unrestricted fvnds 17 21.495 11,059 18 50.000 193.425 23.364 132.169 243,425 155,533 264,920 166,592 2711012025 The financial statements were approved by the Trustees on ......................... Mrs M T Hughes Trustee
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting policies Charity information Oscar's Paediatric Brain Tumour Charity is a charity registered with the Charity Commission in England and Wales under the registered number 1159063. 1.1 Reporting period The annual financial statements are presented for a period shorter than one year, due to the year-end date being changed to 31 December 2024. Comparative amounts presented in the financial statements (including the related notes) are therefore not entirely comparable. 1.2 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 'The Financial Reporling Standard applicable in the UK and Republic of Ireland. ("FRS 102.1 and the Charities SORP "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 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Stat8nent of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling. which is the fvnctional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention, modified to indude certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.3 Going concern At the time of approving the financial statements. the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the TrLStees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the Trustees for sCIfiC purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific condrtions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.5 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on reipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 10-
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting policies Icontinued) Legacies are recognised on reIpl or otheiSe if the chanty has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs of each adivity are made up of the total of dir&t costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributaue to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.7 Intangible fixed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impaimient losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably- the intangible asset arises from contractual or other legal rights., and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the Cost or valuation of assets less their residual values over their useful lives on the following bases= Website development 5 years straight line 1.8 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= CompLrter equipment 3 years straight line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.9 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss {if any). 1.10 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 11
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting policies Icontinued) 1.11 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setue the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets dassified as receivable within one year are not amortised. Impairnlent of financial assets Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that oCcUed after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impaimient loss is the differen between the carying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairmenl loss is recognised in net incomel(expenditure) for the year. If there is a decrease in the impaimient loss arising from an event occurring after the impaim)ent was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been. had the impaimient not previously been recognised. The impairment reversal is recognised in net incomel(expenditure) for the year. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity. or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 12-
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting policies Icontinued) 1.12 Taxation Oscals Paediatric Brain Tumour Charity is a registered charity and as such is a charity within the meaning of Schedule 6 of the Finance Act 2010. Accordingly, the charity is potentially entitled to tsx exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. 1.13 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.14 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.15 Grants payable Grants payable are commitments (induding payments) made to third parties in the furtherance of the charitable objectives of the charity. Single or multi-year grants are accounted for as grants payable when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they wll receive a grant and any condition attaching to the grant is outside the control of the charity. Critical accounting estimates and judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects (lY that period, or in the period of the revision and future periods where the revision affects both current and fvture periods. The trustees have judged that there are no estimates or assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities. 13-
inoro (o o) 000 (00)0
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Other trading activities unstrICted Restricted funds funds Total Unrestricted funds 2024 2024 Dec 2024 Mar 2024 Fundraising events Sponsorships 148,339 20.910 2,500 150,839 20,910 78,568 3,000 Other trading activities 169.249 2.500 171,749 81.568 Investments Unrestricted Unrestricted funds funds Dec 2024 Mar 2024 Interest receivable 2,516 1.681 Raising funds Unrestricted funds Unrestricted Restricted funds funds Total Dec 2024 2024 2024 Mar 2024 Event costs Legal and professional Charges Advertising Fundraising costs Staff costs Depreciation and amortisation Printing, postage and stationery Website hosting Subscriptions Merchandise purchases Patient treatment Insurance Sundry expenses Consulting 26,133 681 5,055 2,387 10,599 25,715 1,483 1.123 810 1.519 4.713 2.947 896 2.967 6.000 16,151 859 3,158 1,363 12,015 36,391 676 1,415 825 2.407 1.532 1,614 1,907 502 17.534 16,151 859 3,158 4,418 12,015 38,345 676 1,415 1,185 2,407 1,532 1.667 1.907 502 17.720 3,055 1,954 360 53 186 93,028 98,349 5,608 103,957 15-
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Charitable activities Charitable Charitable expenditure expenditure Dec 2024 Mar 2024 Staff costs Consulting Booster boxes Travel Fundraising costs 34,871 36,190 6,288 3,853 4,463 20,553 21.000 4.648 4.204 85,665 50,405 Grant funding of activities {see note 8) Share of support costs {see note 9) 3,507 6,967 33,203 8,154 96,139 91,762 Analysis by fund Unrestricted funds Restricted funds 89,380 6,759 83,315 8.447 96,139 91.762 Grants paid Charitable Charitable expenditure expenditure Dec 2024 Mar 2024 Grants lo institutions.. Leeds Neurological Research Tissue Bank The Newcastle Upon Tyne Hospitals NHS Foundation 3,507 16,462 16,741 3,507 33,203 All grants committed were paid at 31 Dember 2024. 16-
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Support costs Dec 2024 Mar 2024 Telephone and IT costs Accountancy 2,717 4,250 1,942 6,212 6,967 8,154 Analysed beeen Charitable activities 6,967 8,154 6,967 8.154 Included within accountancy are fees payable to the independent examiner for the independent examination of £1,250 (March 2024- £1,200) and for the preparation of the accounts of £1,500 (March 2024- £1,440). 10 Trustees During the period ended 31 December 2024. trustees received £896 relating to expenses incurred for events, travel and mobile phone costs (March 2024: £328 to one trustee). 11 Employees The average monthly number of employees during the period was: Dec 2024 Number Mar 2024 Number Employment costs Dec 2024 Mar 2024 Wages and salaries Social security costs Other pension costs 58,548 688 1,350 56,667 833 1.398 60,586 58.898 There were no employees whose annual remuneration was more than £60,000. 12 Taxation The charity is exempt from tax on income and gains falling wthin section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 17-
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 13 Intangible fixed assets Website development Cost At 1 April 2024 and 31 Dernber 2024 6,192 Amortisation and impaimient At 1 April 2024 Amortisation charged for the period 103 928 At 31 December 2024 1,031 Carrying amount At 31 December 2024 5,161 At 31 March 2024 6.089 14 Tangible fixed assets Computer equipment Cost At 1 April 2024 Additions 2,109 391 At 31 December 2024 2,500 Depreciation and impaimient At 1 April 2024 Depreciation charged in the period 1,009 555 At 31 December 2024 1.564 Carrying amount At 31 December 2024 936 At 31 March 2024 1,100 1 S Debtors Dec 2024 Mar 2024 Amounts falling due within one year: Trade debtors Prepayments and accrued income 6,594 5,341 5.144 3.152 11,935 8,296 18-
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 16 Creditors: amounts falling due within one year Dec 2024 Mar 2024 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 4,500 2,648 442 5,390 2,320 5,315 296 2,640 12,980 10,571 19-
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 17 Restricted funds The income funds of the charity include restricted funds Comprising the following unexpended balanS of donations and grants held on trust for specific purposes.. Movement in funds Incoming Resources resources expended Movement in funds Incoming Resources Balance at resources expended 31 December 2024 Balance at 1 April 2023 Balance at 1 April 2024 MRI portable scanner School awareness campaign Booster boxes Conversation al media project Family supporti patient treatment National lottery Research call Survivorship research project 1,800 1,800 1,800 500 (500) 4,250 (4,250) 4,695 4,695 1,500 1,500 (1,500) 4,250 (4,250) 3,000 3,000 8,314 2.500 (5,055) 3,259 2,500 (3,259) 9,500 12,000 2,000 2,000 (2,000) 1,800 23,314 (14,055) 11,059 17,195 (6,759) 21,495 Purpose of restricted ndS.. MRI portable scanner We are working in partnership with Leeds Teaching Hospitals NHS Trust on a unique opportunity to become the first UK hospital with a portable MRI scanner. This groundbreaking initiative would introduce the scanner to NHS patient care - currently, these devices are only used in UK research labs. This innovative technology will transform brain tumour patient care in Yorkshire through improved hospital care and the potential for earlier diagnosis, which is vital for increasing survival rates. Family support and Booster boxes Our Booster Boxes are unique as they provide bespoke items, tailored to the hobbies and interests of each child and they provide a pick-me-up to children with brain tumours and their siblings while undergoing treatment or recovering from it, supporting children's mentsl health at a time when they are faced wth huge daily challenges. Research call Our Paediatric Pathway Research Call strives to foster groundbreaking initiatives and contribute to invaluable advancements in the field of paediatric brain tumours. -20-
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 18 Designated funds The income funds of the Charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.. Balance at 1 April 2023 Resources Balance at expended 1 April 2024 Resources expended Transfers Balance at 31 December 2024 Tissue bank Research call 39.826 {16,462) 23.364 (3.507) (19,857) 50,000 50.000 39,826 (16,462) 23,364 (3,507) 30,143 50,000 Purpose of designated funds= Tissue bank We funded a manager and consumables to newly establish a stand-alone Leeds Neuropathological Research Tissue Bank. Research call Our Paediatric Pathway Research Call strives to foster groundbreaking initiatives and contribute to invaluable advancements in the field of paediatric brain tumours. 19 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2024 2024 Total Dec 2024 Mar 2024 Fund balances at 31 December 2024 are represented by.. Intangible fixed assets Tangible assets Current assetsl{liabilities) 5.161 936 237.328 5.161 936 258.823 6,089 1,100 148,344 6,089 1,100 159,403 21,495 11,059 243.425 21,495 264.920 155.533 11,059 166.592 20 Contingent liabilities The charity committed to pay £75.000 over 3 years towards a tissue bank wth the payments during Ihe period to 31 December 2024 totalling £3,507. The remaining balan of £19,857 was released back into our man account when the project ended. 21 Pension commitments The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represenls contributions payable by the group to the fund and amounted to £1,350 (March 2024.. £1,398). At the year end, £442 was payable to the pension fund and is induded in other creditors (March 2024: £296). 21
OSCAR'S PAEDIATRIC BRAIN TUMOUR CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 22 Related party transactions There were no disdosable related paty transactions during the period (March 2024 - none). -22-