Charity regMtration number.. 1160500 40TUDE CURING COLON CANCER AMNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEM8ER 2023
40TUDE CURING COLON CANCER CONTENTS (coKfiNUED} Trustees Rewt 1105 statement of Trusle88' Responsibilities Independent Examinerfs Report 7t08 Statement of Financkql Adivilies Balance St 10 Cash Flow Statement 11 Nole8 to the FinwKial Statements 12to19
40TUDE CURING COLON CANCER TRUSTEES REPORT The trustees have pleasure in presenting their r4>0rt and the unauditèj fmanclal statements of the charity for th8 year ended 31 December 2023. 1. REFERENCE AND ADMINISTRATIVE DEfAILS RegISt•r charlty name 40tude Curing Colon Carr Charlty Reglstration number 1160500 Charrty ¢orrospond•nt Mr Gordon mo0, 12 Ranelagh Avenue. London. SW13 OBP Reglstored OfflGg As above Webslte www.40tude.org.uk 2. THE TRUSTEES The trustees who 6eNed the charty during the period were as fOlkn.. Mr Gordon Mc¥)re Ichaimianl Mrs Claire Godwin (from July 2D231 MT Fraser Moore Irelired in May 2023} Mr Stephen Morrison Mr Jonathan Aucamp Mr8 Louise Murray Secretary Mr G MocKe Kty management petsonn81 Ms K Sanday Bankers Lbyd8 Bank. 102A Brc*npton Road, London, SW3 1JJ Sollcltors Kirkland & Ells {Int8mationall LLP. 30 St. Mary Axe, London. EC3A 8AF P•Je 1
40TUDE CURING COLON CANCER TRUSTEES REPORT (CONTINUEDI 3. OBJECTIVES AND ACTFvrfiES The objectives of the 40tude Curir¥J Colon Cancer are: To promote and protect the physical an(1 mental heahh of sufferers of Colon caneer and gaslrointeslinal disease snd their families through the provision of ffinanchql assistance. research funding. 8peciallsed equipment, support. 8du¢ation and practical advicè., and To advance the education of the general public in all areas relating to bowel cancer and gastrointestinal disease. 4. STRUCTURE, GOVERNANCE & MANAGEMENT 40tude Curing Colon Cancer is a Charitable Incorporated Organlsation governed in lino with its Constitutn dated May 2014. Trusteo r•crulthwnt and appolntmfrnt The charity trustees arg as foNows. and are appointed forthe follrywing lems.. Mr Gordon Moore indofinitety., MTS Louise Murray for furthèr r$,. Mrs Claire Godwin ts a fijrther three years", Mr Stephen Morriscn for a further three years,. Mr Jonathan Avcamp for one further year {sebsequentty revappointsdl., Every new trustee must be appointed for a term of three years by a resolution passed at a properfy onvened meeting of the charty trustees. Grnnl and donatlon maklng poltcy The trustees have a poIY apportioning funding on the folk)wirg basis: Identfy an organisation wthin the United Kingdom of GTe* Britain & Northem Ireland that we considw to be effective and leading edge within the treatmgnl and research of colon cancer and gaslrolntestinal disease. Within that organisation to identify the specialist progrnmme8 that we think most worthy of our funding gIn our obj8Ctivgs. Interview engage wlh the PToJramme leader8 to agree how our grant will be appligd to create maximum impact on eradatIOn of colon Caler. Selèct one or more programmes that the charty funds. Rlsk vevlews The Iruslees confinn that a Risk Management system is in pL8ce and thal regular rfsk évaluation takes ple so that necessary steps can be taken to mitigate those risks. Pag8 2
40TUDE CURING COLON CANCER TRUSTEES REPORT {CONTINUED} S. PUBUC BENEFIT STATEMEKr The trustees have referrgd to the guidance conlained in the Charity CommissKJn'3 general guidance on public benefrt when reviewng the aims and obieclives and In planning future a¢livities. The charitable objectrves ar• also set out in order to prowde a clear and dernonstrab public benefit. 6. ACHIEVEMENTS AND PERFORMANCE Folbwing reslridions on the chall$ activitres due lo the covid pandemic, 2022 repr8sgntsd a record fundraising year for 40tude. In 2023. with conditions normalising, retumed to the level that have been typalty witnèssed in years prior to the pandemic. With a large numb8r of organlsed challonges and Yth many gènerous domlons from supporters the charty generated total Income through fundrai$ing of £326,430 in 2023. In a busy year of ffve 40tude organised events, w8 are grateful to supporter6 who t¢Jok up th8 variou$ challenggs.. the Mardi Himal Expedition ID Nepal in April 2023, the Muckle Flugga Challenge on Bromplon Bikes and inflatabl& kayaks In the Shetland Isles in June, and tha Carpalhian Mountain Challange and the Colmar Cyde Challenge both in Séptember. In April 40tude hosted a charty golf event in the north of Scotland. In October 40tude was delvjhted lo b8 ch08en a$ a bersefickgry of the extraordinary Try lo the Fin challenge.. lo swim, run. row and cycle from London to Paris in fve days to tiincide with the final of the Rugby Workl Cup. The team, led by Stuart Thft and Budge Pountney. was packed with friends and ex-playing colleagues of Tom Sm(th and Doddie Weir, both late Scottish rugby legends. Torn Smith, 40tude's Ambassador untll his Untime death in April 2022 from colon cancer at tha age of 50, wa$ a former Scotland and British Lion intsmauonal. 40tude is proud of its on-ping assocration th Tom, was determined lo use his diagnosis to raise awareness of the symptoms of cdon ancer and lo promote the importance of regular sGreening. Through the team's efforts. £21,000 was mi8ed for 40tude. Vve are grateful also for the on4Joing asstscialion with this remarkable group of people. Dundee Rugby Club al80 paid tribLrtO to Tc*n Smith by holding 8 Spgcial event in hi5 memcry, generous raising £6.000 for 401ude. A number of individual initiatives. many inspired by Tom Smith, also supportad 40tude through the year for whioh the Trustèes are extremely gra1Ul. They8 supporters raised £26,000 in 2023. Over 100 employees of Bridggpoint, one of the world's lèading private asset inveslmenl emipanies, chose 40tude lo benefrt from their multi4ay Ajpine Challenge. Their efforts raised £31.000 for 40tude. 40tude started with a London to Paris bike ride, which was expeclad lo be a 'one and done" event. So, rt was fitting that Stuart storey and Piotr Wqda Compted RideLondon for 40tude in May, and, 0150. long-time supporter. Rob Orr, complèted Lands. End lo John O'Groats in Juty raising £11.SLKI in the process. 40tude is generousty supported with donattons from a number of companies arKI foundation8, including the 8c Capital Trust. Page 3
40TUDE CURING COLON CANCER TRUSTEES REPORT (CONTINUED) uring 202 401ude was please to continue its partnership wth St. Mark s Ogpital an the St. Mark's Hospiiat Foundation. A large number of research programme$ are brj supported by 4t)tuda including: . ICAN, the ain of which is to inprove garly diagnosis of colon cancer in Inflammatory Bowel Disaase (IBD) patients With a blood test: Lync - the National Lynch Programm8, %thich itself is three inlegraled studies with the Potenti to develop a new model of cobn cancer prevention of thos8 with Lynch Syndrome,. . The National CT Colonography ICTC) Training and Accr&Jit8lion Programme.. . The T¢)m Smilh Research F?Il¢)wship - researching the genetics of hereditsry colon cancer.. Project DRIVEN - researching personalised Surgical and medical trealmenl for indiMduaL8 recentty diagno59d wth cokn Gancer and PERFECTS 11- Igsting I)ether radicgr8ph8rs could In[el CT Colonography scans as V•pII as r•aic4tr3iSts. A number of these researth projects and programmes are r0ilaboratfvs with other Prfreminent organi$ot1o including The Royal Marsden Hospital and the Instituta of Cancer Research. 40tude provided £428,919 in funding to support these initiative8 In the ygar. Al the end of the peric<l the charity had cash avaikble of £452,686 foi future charitable funding and the adminislralKJn of the chanty. AloNJside funding of reSeah into bowel cancer, the charity has continued lo raY6e awareness of the disease and communicate its Core messag9 to encourage individuals to undertake regular bower Screening. particularfy those aged 45 and above. We usad the 40tthJe Challenge events. and the marketing around them. as a way of doing so. The charity also promoted rts massages through its wobsile {wry¥w.40tude.org.ukl and through the use of $QCHI media. 7. BRIEF STATEMENT OF THE CHARrrYs poucy ON RESERVES We held cash in bank of £452.686 * the end of the peri¢)d of which £312,382 was hekl on dgposit th the balarKg held in unrestrieted fvnds. These funds are hebj in order to ler working capital and short-lerm expenses to operate the charlty and also lo Ver Current and future commitments to fund research projects and to furthèr advance the objects"v8s of the charity. 8. FINANCIAL REVIEW As described above. the majotity of income is applied to research projects led by SL Mark's Hospital Foundation, costs reiating to the fundraising events and to staff costs. We keep staff costs low by emplowng a sinyle manager of the chanty and then buylng specialist seNces from o(tside provideis Yknoro required. The trustses contrc4 the Gharty funds. The attaGhed financkql statements the eurrent State of finances, which the Irust88s consider to be SOLrnd. The financial ststgments compty with the Charitie$ Act 2011 and Accounting and Reling by Charits.' Statement of Recommended Practice applicabb to charities preparing their accounts in accordance with Ihe Financkal ReportirKJ Standard applicable to the UK and Republic of Ireland published on 16 July 2014. the Gharitls goveming document and have been prepared in accordance with th2 a¢untIng policles set out in the notes to the financial ststemenls. Page 4
40TUDE CURING COLON CANCER TRUSTEES REPORT {CONTINUED) 9. TRUSTEES. RESPONSIBIUTIES STATEMEKr The Iruslees are responsible for PTeping the Annual Report and the financial statements in 8L¢ordance with appli¢able law and regulations. The law applicable lo charitigs in England & Wa18s r8quires the trustees to prepare financial statements for each financial year in accordare wrth United Kingdom Generalty Accepted Accourrting PraCte {United Kingdom Accounting Standards and appI#ble raw). The trustee8 must not approve the financial statements unless they are satisfied that they givg a true and fair VEW of th& stsle of affairs of th8 charity and of the incoming resources and appI'0n of resources, including income and expenditure, of the charty for that period. In preparing these ffinancl81 statements, the trustees are quIr9d to: a} select suitsble xcounting policies and appty th8m consistent. bl observe the methods and prinuples in Ihe Charitles SORP., ¢) make judgements and a¢o)urrting estimates that are r8asonable and prudent; d) stale whether applicable UK Accounting Standards have been foifcthpd, 5LiJpct to any material d8parturfrs disclosed and explained in the financial stslements,. prepare the financial statements on the going concem basis unless f( 15 inappropriate lo pre8ume thal the charty will continue to cpere. The trustees are responsible for keeping $ufFKienl accounting records that disdose with r4sonable accufacy al any time the financial position of the charty and enable them lo ensure that the financial slatamenls Comp with the Chorities Act 2011, the Charty {Accounts and Reports) Regulaticfis 2008 and the provisions of the trust dead. They are also responsible for safeguarding the asset8 of the charity and hence for taking reasonable steps for thg prevention and detectr)n of fraud a1 other irregularitles. 10. INDEPENDENT EXAMINER A resolution to rappoInt Mr NP Smlh FCCA as independerbt examingr for ensuing ygar wll be proix•8ed at the onnual general meeting. 11. DECLARATION The annual report wag approved by the trustee5 of th8 charty on behalf by.. and signgd on its Mr Gordon Moore Chairman Page 5
40TUDE CURING COLON CANCER STATEMeNT OF TRUSTEES. RESPONSIBILITIES Thg trustefrs are responsible fcf preparing the finan81 ststements in accordanc8 wrth the Un lfj"ngdom Accounting Stsndards {Unlled Kingdom Generally Accepted Accounting Practice} and ¥Jplicable18w and r8gulations. The law applicable to charities requires the trustees to prepare financigl statements for each financial year whith give a true and fair wew of the slate ol affairs of the charity and of the incoming resources and application of resourc of the charity for that peritsj. In preparing these fmancial statements, the trustees are required lo: sebGt surtable accountlng p¢4183 and then appty them consistently" observe the methc*Js and principles in the Charitw SORP; makejudgements and estknatès that are reasonable and prudent.. state whether applicable accounting standards have been followad, SU.1 to any material departures disclosed and expLgined in the financial slatemenls,. and prepare the financial statements on the going ¢onc8m basis un1885 it is inappropriate to presume that the charity will continug in busines$. The trustees are rasponsible for keeping propor accounting r8cord8 that disck)5e with reasonable accuracy al any time the financial position of the charity and enab them lo ensure that the financkal ststements comply with the Charilio$ Ad 2011. the Charities {Atcounts and Reports) Regulations 2008, and the provisions of the nstitutIon. The trustees are alBO responsibie for saf•auarding the assets of the charty and hence for taking rea80nable Steps for the preventi¢ and detection of fraud and ¢)ther wregularities. The trustees are responsib for the maintenanc8 and integrity of th8 corp)r8te and financial infomi8lK)n included on the charitable companys websrte. Legislation goveming the preparatlryl and dt8serninaln of financial statements may drffer from kgislalK)n in other jurisdictions. Mr Gordon hAoorg chaian Page 6
40TUDE CURING COLON CANCER INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 40TUDE CURING COLON CANCER I report to the charty trustees on my examination of the financial statemanls of tr charity for the year ended 31 D8cember 2023 which compli86 the Statement of Finanaal Actmties. the Balance Sheet and relatgd notes which are set out page$ 910 19. Thks report is made solely lo the charitls Iruslee8. as a boty, in accordance wilh seclion 145 of the Charitie8 Act 2011. My work has been undertaken so that I might State lo the chariVs tru$leos those matters l am required lo slate to them in this report and for no other purpose. To the full8sI extent permitted by I1, I do not accept or assume responsibility to anyDne other than the charrty the charivs Iruslees as a body, for my work, forthis report, or for the opinDn$ I have formed. Rosponslbiliti0s and basb of r•port As the charity's tnk8tees of 40tude Curing Colon Cgncer you are responsble for the preparation of the accounts in accordance with the requirements of th8 charit Act 20111'the AcV}. I report in reS[rt of my examination of the 40tud8 Cunng Colon Can¢erfs accounts carriad out under section 145 of the 2011 Act and in carrwng out my examination I have followed all the applicable Dire¢lKJns given by the Charity Commission under section 14515}{bl of the Aet. An independent examInat)n does not invofv gathemg all the evidence that would be requlred in an dil and con8equenUy does not Cover aN the matters that an auditor considers In gmng their opinion the financkql statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequenuy l express no opinion as lo whether Ihp financial stslements present a Irue and fail view and my report is lThited to those specific matters Sat out in the independent examiner's statement. Ind•pendgnl examlner's stat8mgnt Since 40tude Curing Cokjn Can¢erfs gr088 ineome exceeded £250,000 your examiner must bo a memb8r of a body listed in section 145 of the 2011 Act. l eonfirm that l qualrfied to undertake the examination because l am a member of . vthich is one of the fisted bodie8. I have completed my examination. I confirm that no msterial matters have come lo my attention in connection with the examination giving me cause lo believe that in any materral respect., 1. accounting records were not kept in resFecI of 40tL*J8 Curing Colon Cancer as requirgj by section 130 of the Aol.. or 2. the accounts do not accord with those rrdS,. or 3. the accounts do not with the &tounting r4uiremenl$ conceming th8 fomi and content of accounts set out in the Charities IAGcount8 and ReFQrtsl Regulations 2008 other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examinat)n. I have no concams and have ¢¢Jne across no other matters in conCt)n with the exominalion to whh attention shoukl be drswn in this rekXJrt in order to enable a proper understanding of the accounts to be reached. Page 7
4OTUDE CURING COLON CANCER INDEPENDENT EXAMINER? REPORT TO THE TRUSTEES OF 40TUDE CURING COLON CANCER ICONTINUEDI Mr N P Smith FCCA 21 Navigat BUSI8$ Vlllage Navigation Way Ashtonworthibble Preston PR2 2YP Dale.. Page 8
40TUDE CURING COLON CANCER STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrn5trlctgd funds RestrfG funds Total 2023 Nole Inme and Endowments from: Donation$ and legacios Charitable activities Investment income 268,946 24,684 6,308 32,800 301,746 24,684 6.308 Total income 299,938 32,8C)O 332.738 Exp•ndlture on: Raising funds Choritable 2Ltivities Support co$1$ 176,154} 1396.1191 145,181) 1517,454 (76,154> 1428.9191 (45,181) {32,800} Total expenditure Net expenditure Nel movement in fijnds 132,800) 550.254) 1217.516) 1217.516) 1217.516) 1217.516} Reconclliation of funds Totsl funds broughl forward Total funds carried fOard 888,155 470,639 688,155 16 470,S39 Total 2022 Unrestrlctgd funds Income and Endowmenis from: Donations and legacies Charitsble aclrvities Investrnent income 690,052 67,758 1,947 690,052 87,758 1,947 Total inccthe 759,757 759.757 Expendlturg on: Raising funds Charitable activrties Support Costs Total expenditure Net income {65,312) 1252,6071 (41,1631 1359,082 {65,312) 1252,6071 141,163} {359,0821 400,675 400,675 Net movement in funds 400.675 400.675 Reconclllation of lunds Total funds brought forward Total funds carried forward The funds breakdown for 2022 shown in note 16. 287,480 287.480 688,155 688.155 The note$ on pages 12 to 19 fomi an integral part of thes¢ firranck918talem¢nl$. Page 9
40TUDE CURING COLON CANCER (REGISTRATION NUMBER.. 11605001 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Flx•d assets TarKJible a8$ets Curront assets Debtors Cash at bank and In hand 12 215 433 13 14 19,594 452,686 28,272 660,729 689,001 472,280 Credttors: Amounts falling due vAthin one year Net CUnt ass•ts 15 1.856 1.279 470,424 687.722 Net assets 470,639 688,155 Funds oftho charfty: Unrestrlcted Income fvnds unrestred funds 470,839 470,639 688.155 Totsl funds 16 688,155 Th financial statements on pag@s 9 10 19 were approv&Y by the trustees, and authorised for issue on and signed on their beha by.. Mr Gordon M¢)ore Chairman The notes on pa9es 12 to 19 fomi an intra1 part of these )Inanclal sl*ments. P4e 10
40TUDE CURING COLON CANCER CASH FLOW STATEMENT FOR THE YEAR ENDED 310E¢EMBER 2023 2023 2022 Note Cagh fl¢•ws from owraling activitios Nat cash {&xpgnditure}f1noe Adjustments to caBh fk)ws from non<ash Itot Depreciation Investsnent inGome 1217.516) 400.675 218 16,308 (223.6C61 216 1,94n 398.944 Worklng capltal adjustmonts D8crea$ellincreasel in debtOTS Increasel{decrease} in Creditors Decrease in deferred incom6 13 15 8,878 577 113.585) 1561 8,490 Nel cash flows from operating athrbes Cash flows from Inv•stlng •ctlvltles Interest receivable and simiL9r income Purchase of tarKJible ffixed a¥sets Net eash frcm inve$tir•J actrfflligs Net {decmse)fincrea8e in cash and Gash equrvalenls Cash an(i cash equrvalents at 1 January Cash and cash equwalents at 31 December {214,351 376,807 6,308 1,947 12 6.308 1.298 1208,0431 660,729 378.105 282,624 660,729 452,686 All of the cash flw are derived from Continuing operations during the above periods. The notes on pages 12 to 19 fom an integral part of these financial statements. Page11
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l AccoupinNG POUCIES Statement of eompllan The financkql statements have been prepad in accordance the second edition of the Charities Statement of Rec(xY)mendèd Practice issued in October 2019. the Financial R8rKJrting Standard apPclIe in United Kingdom aTrJ Republ of Ireland {FRS 102) and the chare$ Act 2011. B•slg of prgparntlon 401ude Curing Colon Cancer meets the definition of a publ beneff( entity under FRS 102. Assets and liabilities are initidty recogni8ed at historical cost or tranwtK)n value unless Othgwse stat&J in the relevant accounting pob'cy notes. Golng concern The trustees consider that there are no material UncertalntS aboLrt chartys abilty lo continue as going concern. Incom8 and endowmènts Voluntary income ncludwig donations, gifts, legacies and grants that provide corg funding or are of general nature is recognised when the charty ha8 entitlement to the ineome. il is probable that tha IrMe wll bo reCeId and the amount can be measured with sufficient reliabilty. Donatlons and legacles Donations and Iggacies are reccgnised on a l¥able ba818 when re¢epl 15 probable the amount ean be reliabty mUred. D9forrod Income Deferred Income represents amounts woived for future pericYJs and ts released to Inccmlr resources in the Peri for which, It has been received. Such income i% onty dgferred en. - The ¢*Jnor spe¢rf$ that thè grant or donalion musl only be used in future accounliry poritsjs., or The donor has imposed conditions vthich must be met befor& th8 ¢harty has uncondiltonal entitlement. Donatod services ond faGllltles Donated services and facilities are inckndwj in the Stalemgnl of Financial Artiiritsgs when recelv&J at thè vdu6 of the gift lo the charity provbjed the value of the gift ¢8n be measured r8liabty. Donated services and facililtes that are ccfisumed immediately are wognised as income with an equivalent anount recognised as an expense under the 4)proprHte heading in the Statement of Financial ActNitI'es. Page 12
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL sTATEmErs FOR THE YEAR ENDED 31 DECEMBER 2023 ICONTINUEDI Expenditum and liabilitles All eypenditur8 is recognised On there is a legal or ccfflstruclwe obligaticm to that exp8ndituTe, it 1$ probabl8 Sattlgment is required and the amount can be measured reliab. All costs are alk)cated to the applicable expenditura h8ading that aggregate similar costs lo Ihal categ¢)ry. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the Use of reswrca8. RaIng funds These are costs incurred in attractiThJ voluntary 1cthe, the management of inve5trments and those incurred in tradin9 aotiwlies that raise funds. Charltable adlvltles Charitable expenditure Gomprise8 those e061s incurred by the charity in the delivgry of its actNitIgS and services for ils beneficiaries. 11 inclutJes both costs that can be alknaled directly lo such activtb'es and those costs of an indirect natLbre necessary to support them. Liabilty recognitlon Liabilities are recognised where it is more likety than not that there Is a legal or constructNe obliqalion commitiing the ¢harty to pay out resourcgs and the fmount of the oblpalion car) be m8asur8d wlh rèascab1e certainty. Tanglble fixed assets Individual fixed ass6ts costing £500 or more are Initlty rec¢)rd8d at co61, less any subs4uent accumulated d8prgcialion and subsequent accumulated impaim)enl losses. Doprgclatlon and amortis•tlon Depreciation is provided on tangible fed assets so as lo write off the or valu81ion, le88 any estimated residual value. over their experted useful economic lrfe a8 follow$.' Asset elass orrice equipment Depreclatlon method and rate 33Yo Straight line Fund structure Unrestricted income funds arè goneral fund8 that are available for u$e al the trusleeg, diacretion in furtheranee of the objective5 of th8 charlty. Ponsions and other post wetlrnmont obllgatlons The charity operate5 a dafined contribution pension 8cheme which 18 a pensK)n plan under which fed ¢onlrt•utions ara paid into a pensDn fund and the charity has no lègal or nstrUcte obligation to pay further contributions even rf the fund does not hokl sufficient assets to pay all employees the benefits relating to &nployee 8eNtee in the Current and prior period$. Contributions to defird contribution plan8 are recognised in the St8lemenl of FinarKial Activibes when they ar& due. If )ntrIbution payments exceed the contributicn due for semce, thè exces$ is recognised as a prepayment. Page 13
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ICONllNUEDI Flnancial Instrum•nts Th8 charity only has financial assets and financial liabilities of a kind that qualfy as baste financial instruments. Basic financial in$lwments are initialty ragnISed at transaction value and subsequenuy mea8ured at their $eWement value. 2 INCOME FROM DONATIONS AND LEGACIES Unrestrlcted funds Genernl R•stri¢t•d funds Total funds Donations and legaGig5'. Donatlons from indivKJual8 Grft aid reclaimed Donated semces and facli ities 245,673 22,940 333 32,800 278.473 22.940 333 Total for 2023 268,946 32.800 301.746 Total lor 2022 690,052 690,052 3 INCOME FROM CHARITABLE ACTivrriES Unrestrict8d fun(ts Goneral Total 2023 Total 2022 Spons(yship Function income 24,684 24,684 7.000 60,758 67.758 24.684 24.684 Page 14
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ICONTINUED) 4 INVESTMENT INCOME Unrostrlctsd funds Totsl costs Inierest rgceNable and slmilar incomg: Interesl reeefvable on bard( deposits Total lor 2023 6,308 Total for 2022 1.947 S EXPENDITURE ON RAISING FUNDS AI COSTS OF GENERATING DONATIONS AND LEGACIES Unrestrlcted funds Genernl Total fund$ Event management expense$ Marketing and pUblty Total for 2023 70.737 5,417 70,737 5,417 76,154 76.154 Total for 2022 65,312 65,312 6 EXPENDrruRE ON CHARrrABLE ACTivmES Unrestrict•d funds Genernl Restrlcted funds Total funds Donations to St Mark's Ho$pital Foundation 3,119 396,119 32.800 428.919 Totsl for 2023 32,8C4) 428,919 Tot•1 for 2022 252,607 252,607 Page 15
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 {CONTINUEDI 7 SUPPORT COSTS Unrnstdct•d funds Totsl costs Staff costs Wages and salaries Penoion wsts Independent examiner fees Examinatk)n of thè financial 8latement8 Administratwe expenses Total for 2023 33,865 829 1,550 8,937 45.181 Total for 2022 41.163 TRUSTEES REMUNERATION AND EXPENSES No trustees have receiv&J any benefits from the chwity during the year. g STAFF COSTS The aggregate payrdl ¢x5ts were as follow8.. 2023 2022 Staff costs durlng the year worn: Wages and salarK8S Pension costs 33,865 829 31,500 758 34.694 32,258 The monthty average number of persorvJ {including 58nior managemgnt I leadership team) employed by the charity during thg year expressed a$ full lime equivalents was a8 folh)ws". 2023 No 2022 No Average number of employ885 No plOYee re¢eived emdumenls of mor8 than £60,000 during the year Page 16
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMEiifs FOR THE YEAR ENDED 31 DECEMBER 2023 {CONTINUED} 10 INDEPENDENT EXAMINER'S REMUNERATION 2023 2022 ExamSnation of the financial statements 1,550 1,128 11 TAXATION The charity ts a regislergd Gharty and is therefore exempt from texatie. 12 TANGIBLE FIXED ASSETS Furn1re and equlpment Total Al 1 January 2023 At 31 December 2023 649 649 DeprgGiatlon Al 1 January 2023 Charge for the year At 31 Dewnber 2023 216 218 216 218 434 Net book value At 31 December 2023 215 215 At 31 Decem1 2022 433 433 13 DEBTORS 2023 2022 Prepa7nents Accrued incom 19.263 331 27,229 1.043 19.594 28,272 14 CASH AND CASH EQUIVALENTS 2023 2022 Cash at bank 452.686 660.729 Page 17
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 ICONTINUED) 15 CREDITORS: Amoupifs FALLING DUE WITHIN ONE YEAR 2023 2022 Othgr creditors Accru818 161 1,695 149 1.130 1,856 1,279 16 FUNDS Balanc• •131 Deeemb•r 2023 Balance at 1 Incomlng January 2023 resourGos Resources expended UnrtrIcted fvnds General 688.155 299.938 (517,4541 32,800 470,839 RestriGtod fund8 32.800 Tolal lund8 688,155 332,738 550.254 470.639 Balance at 31 tlecembor 2022 Balan¢• at 1 January 2022 Inc¢)mlng rnsources R•sour¢¢s oxp•nded Unrestrkted funds General 287,480 759,757 359,082 688.155 Page 18
40TUDE CURING COLON CANCER NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (COTr1NuED) 17 ANALYSIS OF NET ASSETS BETWEEN FUNDS Total funds at31 December 2023 Unrostrlcted fund8 Gènoral Tangible ftxed assets Current assets Current liabilTtie$ 215 472,280 1,856 470.639 215 472,280 11.856) 470.639 Totol net a88ets Total funds at31 Dec•mb8r 2022 UnrgstrfGtsd funds G¢n•ral Tangd)k fixed assets Current 8s¥ets Current liabilit 433 689,001 1,279 433 689.001 1.279 net assets 688,155 688,155 Page 19