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2020-09-30-accounts

OVACOME

Registered Charity No. 1159682

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th September 2020

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OVACOME

Legal and Administrative Information

_______________

Registered Charity Number : 1159682

Trustees (Executive Committee Members)

The trustees who served during the period and up to the date of signing of this report were:

Cathryn Hughes (Chair) John Paul McKew (Treasurer) Marta Wojcik Sean Kehoe (Head of Medical Advisory Board) Victoria Von Wachter Lesley Sage Adele Sewell (resigned 21[st ] March 2020) Adrian Dickinson Jonathan Brindley (appointed 21[st ] March 2020) Robert Leach (appointed 21[st ] March 2020)

Director

Victoria Clare

Patrons

Jenny Agutter

52-54 Featherstone Street London EC1Y 8RT

Independent Examiner

Stephen Jones Myrus Smith Chartered Accountants 8 Burnell Rd Sutton SM1 4BW

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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Trustees Report For the year ended 30 September 2020

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OVACOME

charity for the period ended 30 September 2020. Legal and administrative information set out on page 2 forms part of this report. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Statement of Recommended Practice: Accounting and Reporting Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Legal structure of the charity

The charity is constituted as a charitable incorporated organisation. Ovacome was entered on the Register of Charities No 1159682 on 18 December 2014 and is governed by its constitution adopted also on 18 December 2014.

Ovacome has a board of 9 volunteer trustees, including individuals who have been personally affected by the disease and clinicians who specialise in ovarian cancer (OC).

Recruitment and induction of trustees

The Trustees are appointed by the members or the charity trustees and are recruited with regard to their knowledge skills and experience.

Ovacome is unique within the sector as the board includes a number of trustees whose lives have been affected by ovarian cancer. In addition, Ovacome was established as a membership charity. Whilst anyone can access our support without being a member, it is free to become a member and members have certain rights and benefits conferred upon them. They are able to vote at the AGM and they have the opportunity to participate in consultation to set the priorities of the charity and inform future strategic direction of service provision.

Trustees are recruited following an annual trustee board skills audit. Areas for development are identified and then recruitment adverts are circulated among our membership and more broadly. Trustees are recruited because of their skills or personal experience.

All new Trustees are given background information about the charity, are advised about their responsibilities and given an induction into the work of the charity. The training needs of the Trustees are reviewed and training is sourced where deemed necessary and appropriate. The full recruitment process takes between 3-6 months.

Management and administration

The Executive Committee, members of which constitute Trustees for the purpose of Charity legislation, administers Ovacome. The Chair, officers and other Trustees are appointed (or reappointed) at the Annual General Meeting (AGM). The Executive Committee reviews the profile of Trustees periodically and appropriate appointments are made to ensure a balanced committee. No external bodies have the power to appoint Trustees and the Executive Committee is ultimately responsible for the charity. The names of Trustees who have served since 1 October 2019 are set out under Legal and Administrative Information on page 2 of this document.

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Trustees Report For the year ended 30 September 2020

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OVACOME

The Trustees meet via telephone conference monthly to review progress against the organisational strategy and to support development of the charity in line with our organisational aims. The Chief Executive and staff team manage the day to day running of Ovacome based on the strategic direction set by the trustees.

Remuneration of Key Management Personnel

The remuneration of the charity’s key management personnel is set by the Executive Committee, taking into account the charity’s financial position and the amount paid for compatible roles in comparable organisations.

OBJECTIVES AND ACTIVITIES

Objectives

provide services across the West Midlands. As of the 30th September 2020 there are 11 staff (10 full time, one 21 hours per week).

Ovacome has 278 registered and active volunteers at the time of writing (this includes trustees and the Medical Advisory Board). The charity serves:.

The number of women with ovarian cancer is not thought to be increasing s i g 7,400 new cases are diagnosed each year and this number has remained constant for some time.

1 in 50 w om en born after 1960 are diagnosed with ovarian cancer in their lifetime. But still:

Only 35% survive ovarian cancer for 10 or more years and there is little awareness of the signs and symptoms of the disease. This means that very often women are diagnosed at the later stages.

The need for Ovacome remains constant. Until all people are aware of the symptoms and able to access better funded services then Ovacome will continue to work to meet the needs of all those affected by the disease. Ovacome works across the UK via our support and information services and w e provide face to face support and work with local charities to improve the support available to all affected by ovarian cancer regardless of where they live. We also support women from 120 countries through our Health Unlocked My Ovacome forum.

Our potential reach - one study suggested that in 2010, 41,000 women were living with ovarian cancer in the UK. They will vary hugely in health, stages of the disease and their support needs but if we assume that there are now more women living with the disease than in 2010 and accept that it is our role to support women with ovarian cancer, their family members, the clinicians that treat them, or those at risk of the disease, then our potential reach is substantially wider than the numbers currently accessing our services (around 18000 annually and around 3,700 members).

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Trustees Report For the year ended 30 September 2020

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Charity activities

Ovacome has provided a wide range of expert services free to all those affected by ovarian cancer since 1996 and we intend to continue doing so until such time as our services are no longer needed.

We do this by:

❏ Promoting a supportive ovarian cancer community by;

❏ Informing by

❏ We support research by:

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OVACOME Trustees Report For the year ended 30 September 2020

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ACHIEVEMENT AND PERFORMANCE

Review of the year

Between January – March we conducted the 2020 Ovacome membership consultation to inform our service delivery for the next two years; we received 290 responses.

Between October and March we saw a steady growth in demand for our services and we continued to run our Ova to You programme of regional events, visiting; Dublin, Venues across Scotland, Liverpool, Southampton and Exeter. We were also able to celebrate our volunteers at the annual Ovacome Volunteer Christmas party in December 2019.

The Covid19 pandemic had an immediate impact on our service delivery in March 2020 as we postponed all face-to-face events, among them our Annual Members’ day, a health and wellbeing day and numerous regional events. We moved quickly to ensure that all staff could work from home. We were able to divert our phones and also set up another support line to meet increased demand due to the pandemic. Many of our beneficiaries were confused and concerned by the changes to their treatment and also found it initially difficult to shield.

there was support available online. In March 2020 we launched the Staying Connected service, a support service that provides a range of webinars and workshops to inform our members and maintain a feeling of community. The Staying Connected service has provided talks from leading clinicians and a range of expert speakers on topics such as lymphoedema, exercise following surgery, managing anxiety and too many more to mention. We remain incredibly grateful to those that have given their time to help support our beneficiaries. Staying Connected also provides community building activities such as an online choir, craft workshops, Q&A sessions and yoga, skin care, haircare and relaxation. These have been crucial in reducing the isolation felt by so many of our members during this difficult time. Between 25[th ] March and 30[th ] September we ran 115 sessions with 1,048 attendees. From May onwards we ran the Staying Connected programme in partnership with Ovarian Cancer Action, this ensured that we didn’t duplicate services and to provide the very best support without delay to a great many more people. We are grateful to the OCA staff team for their goodwill and hard work.

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Trustees Report For the year ended 30 September 2020

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Other groups reached through this project are;

We knew, from feedback from our community, that many people from these groups were disadvantaged disproportionately by the Covid 19 pandemic. As a result we have deliberately developed services to reach out to them. We have actively run campaigns targeted at these groups and worked with numerous partners to do so. We have also (among many other strategies):

Information provision

professional volunteers. Our Medical Advisory Board, made up of top clinicians in the field with a variety of specialities, continue to give the charity access to expert advice and influence. We remain particularly grateful to the professionals who have given their time voluntarily, particularly during the pandemic when they had huge demands placed on them and still made time to support Ovacome.

We have further expanded our information and fact sheet offer over the course of the year in order to continue to meet the requests of our members expressed through our consultation. We now offer 29 information resources in addition to the ‘Living with ovarian cancer’ series. Over the course of the year, 5,658 booklets were ordered through the website, a 78.5% increase from the previous financial year.

We have also produced a resource for anyone setting up an independent ovarian cancer support group and additionally we were able to very quickly produce a booklet to support our beneficiaries to access remote appointments.

The Survivors Teaching Students (STS) programme

This programme provides volunteers who themselves have experienced a diagnosis of ovarian cancer to speak to medical students and clinicians to raise aware of the signs and symptoms of ovarian cancer. From October to the end of March (before national lockdowns began), we

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Trustees Report For the year ended 30 September 2020

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OVACOME

delivered 11 STS sessions across the UK. We also delivered 3 Ovacome at Work sessions, raising awareness of ovarian cancer signs and symptoms in workplaces using volunteer presenters. The pandemic disrupted delivery of STS as we were unable to deliver face to face sessions as many of our volunteers have compromised immunity due to treatment and many universities cancelled lectures.

Research

We provide funding for the team at Birmingham University undertaking research into detection of tumour markers and chemotherapy resistance. The research is undertaken by clinicians who also work with patients. As a result of the Covid 19 pandemic the research was put on hold and our planned research days (where members are invited in to the laboratory) were postponed.

Fundraising

Initially from October to February our fundraising was going very well, hitting all targets, particularly a significant target of £30,000 from our 2[nd ] Big Give Christmas Challenge. We had filled places on our different challenge events across the country with an increased engagement and commitment from our fundraising community and donors.

Our income was hit hard by the Covid-19 Pandemic from March onwards, particularly because our busiest fundraising months in the year are March (ovarian cancer awareness month) and April, sadly most of our fundraising events were cancelled. This was then compounded by cancellation of the London Marathon in April.

As a result of the pandemic we negotiated a number of partnerships with other organisations, including Ovarian Cancer Action (OCA) and Go Girls to ensure we could best meet the needs of our community without duplicating services. Our partnership with OCA supported both organisations to provide the Staying Connected online service to our members. The joint fundraising strategy was successful, enabling Ovacome to receive an income of £41,375 towards the Staying Connected online support channel. This was crucial funding and we are especially grateful to our partner organisations and the funders who enabled us to meet the rapidly changing and increasing needs of our community at such a difficult time.

measures and found it very hard to fundraise through their networks. We chose not to launch an emergency campaign as we were aware of the difficulties our many supporters were facing. Instead the Trustees agreed that we would run at a deficit, if need be. Challenge and community events could not take place greatly restricting how our supporters could fundraise. We initially saw income stall. However, fairly quickly, we saw engagements with virtual challenges and events starting to take place as well as an increase in donations. More of our supporters took on our Ovacome Virtual Teal Walk challenge as they were able to participate despite lockdown restrictions.

As a result of the pandemic the Touch of Teal committee were unable to run the Annual Touch of Teal Tea in March 2020, this large fundraising event, planned for March was postponed. The committee made a decision to run a Virtual Gala in the following financial year. This event is organised and run by a dedicated team of fundraisers.

We are so grateful to our wonderful community of supporters who have been so generous with their donations and fundraising commitments to ensure we can continue to be there for anyone

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affected by ovarian cancer.

We are especially grateful to Apricot, who through the sales of a designated dress and jewellery, with all profits going to our support work, donated £20,000. Despite the pandemic, Apricot have continued their support of Ovacome.

and foundation grant funding. We secured a large grant of £86,495 from the Coronavirus Community Support Fund, distributed by The National Lottery Community Fund. In total we secured £211,592.00 from trusts and foundations. We are also grateful to all our funders who enabled us to repurpose their grants to better meet the changing needs of our community as a result of the pandemic.

FINANCIAL REVIEW

Prior to this the charity was registered as such but in 2014 Ovacome was converted to a CIO. Gross income and expenditure figures for the year ended 30th September 2020 were income of £494,428 (2019 - £673,516) and expenditure of £610,521 (2019 - £589,484), giving an overall deficit of £116,093 (2019 Surplus £84,032). Income in 2018-2019 included one significant legacy of £175,000. Restricted Funds of £223,348 were received during the year, of which £ 218,799 were expended, leaving £58,892 to carry forward, into 2020-21.

As regards Designated Funds, the remaining Designated Funds relate to the Research Fund at the University of Birmingham. The closing balance of £36,765 was carried forward at the end of the year and is expected to be utilised over the coming year.

Reserve policy

It is the Trustees' aim to hold free reserves equating to a period of unrestricted and undesignated expenditure of six months. It is to ensure continued financial security and to provide for contingencies. In addition, Ovacome holds additional funds in designated and restricted funds for designated projects. Ovacome maintains relationships with beneficiaries, in some cases, for many years. To this end it is important that Ovacome maintains a healthy balance of reserves .

At 30 September 2020 the balance of Unrestricted Funds (total funds less Restricted and Designated funds) stood at £ 654,600. Expenditure from Unrestricted and Undesignated Funds in 2019-20 amounted to £ 391,646, so the balance at the year end meets the six month reserves policy

Risk management

The Trustees actively review the major risks which the charity faces on a regular basis by maintaining an up to date risk register report. The risk register is regularly presented to the Trustees and they input within their areas of specialism. The trustees believe that maintaining reserves at adequate levels, combined with an annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks faced by the charity and believe that the systems in place to mitigate significant risks offer the Trust adequate protection.

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Trustees Report For the year ended 30 September 2020

Going concern

The trustees believe that by maintaining reserves at the levels required by the reserves policy and by regularly reviewing the charity’s key financial systems, they can ensure that sufficient resources are in place to mitigate significant risks. In the light of Covid-19, the Trustees have examined the operational and business risks faced by the charity and believe that the systems and reserves in place offer the charity adequate protection and ensure its continuance as a going concern.

the guidance 'public benefit: running a charity (PB2),' when reviewing its aims and objectives and in planning future activities. In particular, the Trustees consider how all activities contribute to its aims and objectives and believe that a clear benefit to the public is demonstrated. This is described in more detail throughout the Review of the Period.

PLANS FOR THE FUTURE

As shown above in "Review of the Year ended 30th September 2020", the Trustees continue to be committed to developing and expanding the charity to meet the requirements of those in need.

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OVACOME Trustees Report For the year ended 30 September 2020

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STATEMENT OF EXECUTIVE COMMITTEE'S RESPONSIBILITIES

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 Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 its income and expenditure for that period. In preparing these Financial Statements, the Trustees are required to:

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 and the Charity (Accounts and Reports) Regulations. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Executive Committee and authorised for issue on 29 April 2021 and signed on its behalf by:

Cathryn Hughes

Trustee and Chair

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Independent Examiner's Report to the Trustees of Ovacome

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I report to the trustees on my examination of the accounts of Ovacome for the year ended 30th September 2020.

Responsibilities and basis of report

As the charity 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

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 I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust 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 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 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.

Stephen Jones FCA Myrus Smith Chartered Accountants 8 Burnell Rd Sutton Surrey SM1 4BW

Date: 29 April 2021

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OVACOME

Statement of Financial Activities For the year ended 30 September 2020

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Notes
INCOME
Dona�ons and legacies
4
Charitable activities - Fundraising
5
Investment income
Total Income
EXPENDITURE
Fundraising expenditure
Charitable ac�vi�es
6
Total Expenditure
Net income/(expenditure) for the
year before gains/(losses)
Transfer between funds
11
Net Movement in Funds
Reconciliation of funds:
Funds brought forward
Funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total Funds
2020
Total Funds
2019
£
£
£
£
161,978
209,217
371,195
480,559
105,023
14,131
119,154
187,260
4,079
0
4,079
5,697
271,080
223,348
494,428
673,516
11,398
0
11,398
18,501
380,324
218,799
599,123
570,983
391,722
218,799
610,521
589,484
(120,642)
4,549
(116,093)
84,032
(1,842)
1,842
0
0
(122,484)
6,391
(116,093)
84,032
813,849
52,501
866,350
782,318
691,365
58,892
750,257
866,350

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Statement of Financial Activities For the year ended 30 September 2020

Analysis of prior year total fund;

Notes
INCOME and ENDOWMENT
Donations and legacies
4
Charitable activities - Fundraising
5
Investment income
Total Income
EXPENDITURE
Fundraising expenditure
Charitable activities
6
Total Expenditure
Net income/(expenditure) for the
year before gains/(losses)
Transfer between funds
Net Movement in Funds
Reconciliation of funds:
Funds brought forward
Funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total Funds
2019
Total Funds
2018

£
£
£
£
378,234
102,325
480,559
691,210
187,260
0
187,260
129,594
5,697
0
5,697
366
571,191
102,325
673,516
821,170
18,501
0
18,501
27,322
515,904
55,079
570,983
355,008
534,405
55,079
589,484
382,330
36,786
47,246
84,032
438,840
(161)
161
0
0
36,625
47,407
84,032
438,840
777,224
5,094
782,318
343,478
813,849
52,501
866,350
782,318

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OVACOME

Balance Sheet As at 30 September 2020

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Notes
FIXED ASSETS
Tangible fxed assets
8
CURRENT ASSETS
Stock
Debtors
9
Cash at bank and in hand:
CREDITORS: amounts falling due in one
year
10
NET CURRENT ASSETS
NET ASSETS TOTALS
THE FUNDS OF THE CHARITY
INCOME FUNDS
11
Restricted funds
Unrestricted funds:
General fund
Designated funds
£
9,450
5,100
785,469		 2020

£
3,317
3,317








746,940
750,257

58,892



691,365
750,257		 £


8,600
25,439
896,472		 2019

£
4,677
4,677





861,673
800,019
(53,079)		 930,511
(68,838)
654,600
36,765


778,183
35,666
866,350
52,501


813,849
866,350

Approved by the Executive Committee and authorised for issue on 29 April 2021 and signed on its behalf by:

John Paul McKew (Treasurer and Trustee)

The notes on page 17 to 25 form part of these account

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Statement of Cash Flows

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Notes
Cash fow from operating activities
Net cash provided by operating activities
A
Cash fow from investing activities
Investment income
Purchase of fxed assets
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 Oct 2019
Cash and cash equivalents at 30th Sep 2020
B
Notes to the cash fow statement
A – reconciliation of net movement in funds to net cash
fow from operating activities
Net income/(expenditure) for the year (before investment
gains & losses)
Depreciation charge
Investment Income
Decrease/(increase) in stock
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operating activities
B – Analysis of cash and cash equivalents
Cash at bank and in hand
- Closing balance of Cash in hand and Bank
Total cash and cash equivalents		 2020
£
(114,608)
4,079
(474)
3,605
(111,003)
896,472
785,469
2020
£
(116,093)
1,834
(4,079)
(850)
20,339
(15,759)
(114,608)
785,469
785,469		 2019
£
63,872
5,697
(3,800)
1,897
65,769
830,703
896,472
2019
£
84,032
1,703
(5,697)
(1,764)
(6,501)
(7,901)
63,872
896,472
896,472

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Notes to the Financial Statements For the year ended 30th September 2020

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1 Accounting Policies

Basis of preparation

cost convention.

Standard applicable in the UK and Republic of Ireland (FRS 102). The Charity is a public benefit entity for the purposes of FRS 102 and therefore the Charity also prepares its financial statements in accordance with the 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 (The FRS 102 Charities SORP) issued in October 2019 and the Charities Act 2011.

charity. Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and have taken account of pressures on donation and event income. After making enquiries the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Income Recognition

All income is recognised when there is entitlement to the funds, the receipt is probable and the amount can be measured reliably. Income is recognised in the year to which it relates and on an accruals basis. Legacies are included when the legacy is received or when the charity is notified of an impending distribution which can be quantified and receipt is probable, whichever is the earlier. Recoverable taxation is accounted for on an accruals basis.

Expenditure

Expenditure is accounted for on an accruals basis allocated directly to the expenditure headings as far as practically possible to reflect the activities of the charity. Charitable activities comprise direct expenditure including direct staff costs attributable to the activity.

recognised as an expense in the period in which the service is received.

ii. Pensions

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Notes to the Financial Statements

For the year ended 30th September 2020

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recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet.

Fund Accounting

imposed by the donor or are raised by the charity for specific restricted purposes.

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds are funds which are available for use at the discretion of the trustees but have been earmarked by them for a specific purpose.

Fixed Assets and Depreciation

All assets costing more than £1,000 are capitalised.

estimated residual value, of each asset over its expected useful economic life as follows:

Computer Equipment 3 years (straight line basis)

Stock

Stocks of Ovacome fundraising merchandise are stated at the lower of cost and net realisable value.

Financial instruments

basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with bank and other short-term liquid investments with original maturities of three months or less.

Critical accounting estimates and areas of judgement

In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Leases

Operating lease rentals are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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Notes to the Financial Statements For the year ended 30th September 2020

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4 Donation and Legacies

Donation and Legacies
Dona�ons
Legacies		 Unrestricted
Funds
Restricted
Funds
Total Funds
2020
Total Funds
2019
£
£
£
£
141,421
209,217
350,638
252,559
20,557
0
20,557
228,000
161,978
209,217
371,195
480,559

5 Income from Charitable Activities

Income from Charitable Activities
Charitable activities - Fundraising Unrestricted
Funds
Restricted
Funds
Total Funds
2020
Total Funds
2019
£
£
£
£
105,023
14,131
119,154
187,260
105,023
14,131
119,154
187,260
6 Total Charitable Expenditure
Direct Charitable Expenses
Direct staff Cost (note 7.1)
Support Costs (note 7.2)
Total expenditure		 Unrestricted
Funds
Restricted
Funds
Total Funds
2020
Total Funds
2019
£
£
£
£
78,829
36,774
115,603
170,648
225,669
157,156
382,825
278,535
75,826
24,869
100,695
121,800
380,324
218,799
599,123
570,983

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Notes to the Financial Statements For the year ended 30th September 2020

_______________

7.1 Staff Costs
Unrestricted
Funds
Restricted
Funds
£
£
Wages & Salaries
188,622
156,593
Social Security Costs
29,970
489
Pension Cost
7,077
74
225,669
157,156
Staff Numbers (average number of staff)		 Unrestricted
Funds
Restricted
Funds
£
£
188,622
156,593
29,970
489
7,077
74

Total Funds
2020
Total Funds
2019

£
£

345,215
251,353

30,459
21,945

7,151
5,237
225,669
157,156
382,825
278,535
2020
2019
10
7

No trustee (2019: one trustee) received reimbursed expenses in the year (2019: £140). No employee received a salary in excess of £60,000, in the current year (2019: none).

Trustees were not paid remuneration in either period.

Key management personnel include the Trustees and the Chief Executive. The total employee benefits (including gross pay and employer national insurance contributions) of the charity's key management personnel were £66,149 (2019: £64,043). Pension contributions paid by the company to key management personnel totalled £1,317 (2019:£1,254). Excluding the trustees there was one key management personnel (2019: two) that received remuneration during the year.

7.2 Support Costs
Rent
Printing and Stationary
Offce Cost
Professional fee
IT and computer Cost
Insurance
Depreciation
Other Cost
Independent Examination -
Governance costs		 Unrestricted
Funds
Restricted
Funds
Total Funds
2020
Total Funds
2019
£
£
£
£
18,595
5,048
23,643
19,267
752
1,924
2,676
13,297
7,288
4,559
11,847
23,326
25,499
0
25,499
23,020
14,130
2,496
16,626
14,099
1,807
0
1,807
1,438
1,834
0
1,834
1,703
2,321
10,842
13,163
23,250
3,600
0
3,600
2,400
75,826
24,869
100,695
121,800

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OVACOME

Notes to the Financial Statements For the year ended 30th September 2020

8 TANGIBLE FIXED ASSETS

Cost
At 1st Oct 2019
Additions
At 30 Sep 2020
Depreciation
At 1st Oct 2019
Provided during year
At 30 Sep 2020
Net book value
At 30 Sep 2020
At 1st Oct 2019
9 DEBTORS
Prepayments and accrued income
Other debtors
10 CREDITORS: amounts falling due within one year
Trade creditors
Grant payable
Accruals
Other Creditors		 Computer
EquipmentTotal 2020
£
£
9,474
9,474
474
474
9,948
9,948
4,797
4,797
1,834
1,834
6,631
6,631
3,317
3,317
4,677
4,677
2020
2019
£
£
5,100
19,595
0
5,844
5,100
25,439
2020
2019
£
£
18,459
26,347
28,262
28,262
5,154
5,762
1,204
8,467
53,079
68,838

21

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OVACOME

Notes to the Financial Statements For the year ended 30th September 2020

11 ANALYSIS OF FUNDS 2020

Restricted Funds
Reach OVA
STS
Choir
West Midland Support HUB
Information resources
OVA to You
Staying connected
Support services
Sub-total Restricted funds
Unrestricted Funds
General Fund
Designated Funds -
- Research Fund
Sub-total Designated funds
Total funds		 Balance 30
Sep 2019
Income Expenditure
Funds
transfer
Balance
30 Sep
2020
£
£
£
£
£
4,868
92,615
(50,772)
0
46,711
0
16,163
(16,163)
0
0
2,072
8,000
(10,393)
321
0
42,455
28,334
(70,789)
0
0
1,664
2,059
(5,244)
1,521
0
1,442
28,352
(21,113)
0
8,681
0
44,875
(41,375)
0
3,500
0
2,950
(2,950)
0
0
52,501
223,348
(218,799)
1,842
58,892
778,183
269,905
(391,646)
(1,842)
654,600
35,666
1,175
(76)
0
36,765
35,666
1,175
(76)
0
36,765
866,350
494,428
(610,521)
0
750,257

This funding has been used as per the restrictions to provide specialist resources and targeted groups and campaigns. These funds were secured from the following funders:

22

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OVACOME

Notes to the Financial Statements For the year ended 30th September 2020

_______________ 

  - Community  Fund.

23

Doc ID: 32aa62cb98a9c4b86e8f81a234351b4a98443f00

OVACOME

Notes to the Financial Statements For the year ended 30th September 2020

ANALYSIS OF PRIOR YEAR FUNDS 2019

Restricted Funds
Reach OVA
STS
Choir
West Midland Support HUB
Information resources
OVA to You
Sub-total Restricted funds
Unrestricted Funds
General Fund
Designated Funds -
- Research Fund
- Support Fund
Sub-total Designated funds
Total funds		 Balance 30
Sep 2018
Income
Expenditure
Funds
transfer
Balance 30
Sep 2019
£
£
£
£
2,126
9,483
(6,741)
0
4,868
0
11,542
(11,703)
161
0
2,968
3,000
(3,896)
0
2,072
0
54,420
(11,965)
0
42,455
0
6,444
(4,780)
0
1,664
0
17,436
(15,994)
0
1,442
5,094
102,325
(55,079)
161
52,501
590,765
565,191
(377,612)
(161)
778,183
146,307
2,000
(112,641)
0
35,666
40,152
4,000
(44,152)
0
0
186,459
6,000
(156,793)
0
35,666
782,318
673,516
(589,484)
0
866,350

Doc ID: 32aa62cb98a9c4b86e8f81a234351b4a98443f00

OVACOME

Notes to the Financial Statements For the year ended 30th September 2020

_______________

12 ANALYSIS OF NET ASSETS BY FUNDS

Fixed assets
Current assets
Current liabilities
Net assets 2020
Fixed assets
Current assets
Current liabilities
Net assets 2019		 Unrestricted
Fund
Restricted
Fund
Total
Fund
2020
£
£
£
3,317
0
3,317
741,127
58,892
800,019
(53,079)
0
(53,079)
691,365
58,892
750,257
Unrestricted
Fund
Restricted
Fund
Total
Fund
2019
£
£
£
4,677
0
4,677
878,010
52,501
930,511
(68,838)
0
(68,838)
813,849
52,501
866,350

13 OPERATING LEASE COMMITMENTS

At 30 September 2020 the charity had future minimum commitments in respect of non-cancellable operating leases as follows

Rental expenses
Not later than 1 year
Between 1 and 5 years
Total		 2020
2019
£
£
11,119
11,119
2,000
2,000
13,119
13,119

14 Related Party Transactions:

There have been no related party transactions in the period (nor the comparative period).

25

Doc ID: 32aa62cb98a9c4b86e8f81a234351b4a98443f00