Charity registration number: 1160500 40TUDE CURING COLON CANCER ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
40TUDE CURING COLON CANCER CONTENTS ICONTINUED) Trustees Report 1 to6 Statement of Trustees, Responsibilities Independent Examiner's Report 8t09 Statement of Financial Activities 10 Balance Sheet Notes to the Financial Statements 12to19
40TUDE CURING COLON CANCER TRUSTEES REPORT The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2024. 1. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name 40tude Curing Colon Cancer Charity Registration number 1160500 Charity correspondent Mr Gordon Moore, 12 Ranelagh Avenue, London, SW13 OBP Registered Office As above Website www.40tude.org.uk 2. THE TRUSTEES The trustees who served the charity during the period were as follows: Mr Jonathan Aucamp Mrs Claire Godwin Mr Gordon Moore {Chaiman) Mr Stephen Morrison Mrs Louise Murray Secretary Mr G Moore Key management personnel Ms K Sanday Bankers Lloyds Bank, 33, 33A King's Rd London SW3 4LX Solicitors Kirkland & Ellis (Intemational) LLP. 30 St. Mary Axe, London, EC3A 8AF Page 1
40TUDE CURING COLON CANCER TRUSTEES REPORT (CONTINUED 3. OBJECTIVES AND ACTIVITIES The objectives of the 40tude Curing Colon Canr are.. To promote and protect the physical and mental heatth of sufferers of colon cancer and gastrointestinal disease and their families through the provision of financial assistance, research funding, specialised equipment, support, education and practical advi,. and To advan 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 Organisation governed in line with its Constitution dated May 2014. Trustee recruitment and appointment The charity trustees are as follows, and are appointed for the following terms.. Mr Gordon Moore indefinitely., Mr Jonathan Aucamp for a further three years" Mrs Louise Murray for a further one year.. Mr Stephen Morrison for a further two years., and Mrs Claire Godwin for a fijrther two years. Mr Jonathan Aucamp was reappointed for a further three-year temi following the conclusion of his second temi as trustee in 2024. Every new trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. Grant and donation making policy The trustees have a policy for apportioning funding on the following basis.. Identify an organisation within the United Kingdom of Great Britain & Northern Ireland that we consider to be effective and leading edge within the treatment of colon cancer and gastrointestinal disease. Within that organisation to identify the specialist programmes that we think most worthy of our funding given our objectives. Interview and engage with the programme leaders to agree how our grant will be applied to create maximum impact on eradication of colon cancer. Select one or more programmes that the charity funds. Risk reviews The trustees confirm that a Risk Management system is in place and that regular risk evaluation takes place so that neSSary steps can be taken to mitigate those risks. Page 2
40TUDE CURING COLON CANCER TRUSTEES REPORT (CONTINUED 5. PUBLIC BENEFIT STATEMENT The trustees have referred to the guidan contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities. The charitable objectives are also set out in order to provide a clear and demonstrable public benefit. 6. ACHIEVEMENTS AND PERFORMANCE 2024 was another action-packed year for 40tude, with many team and individual initiatives helping to raise awareness as well as funds in support of the objectives of the charity. In April, 40tude held once again its popular golf event in the north of Scotland. In the autumn the stalwart support of 40tude from Scotland's rugby community came to the fore for our Tom Smith Ginza Ridge Adventure Challenge in Japan. Our team of amateur trekkers was co-led by 40tude's Ambassador and Scotland Rugby coach Gregor Townsend, as well as Zoe Smith. Zoe is the wife of 40tude's former Ambassador Tom Smith, the former Scotland and British Lion international who sadly died from colon cancer in 2022. Through the team's efforts in scaling the Ginza Ridge, £84,000 was raised for 40tude. 40tude is grateful to the many others who took on a range of personal challenges to raise awareness and funds to cure colon cancer throughout the year, several of whom were inspired by Tom Smith and his wish that everything should be done to prevent anyone dying from the avoidable consequences of colon cancer. In May, the indefatigable Stuart Thom and Budge Pountney led a new challenge in support of 40tude, 4Ed and the My Name'5 Doddie Foundation. For 'The Long Run, a group of former team-mates and friends of the much-missed Tom Smith and Doddie Weir ran 78.6 miles (three back-to-back marathons) in just one day, from GIOuster Rugby Club to the home of Northampton Saints RFC, for whom Tom played 174 matches. Continuing the rugby connection, the following month 40tuder Nigel Connell was inspired to walk 66km from London Welsh to Reeds Weybridge rugby clubs in a little over 13 hours, to mark his 66th birthday and his recent recovery from Stage 3 colon cancer. As well as helping to promote awareness of 40tude's core messages about getting tested for this type of cancer. Nigel and the friends and family who accompanied him on his long walk between these clubs, with whom he has long associations as a player and coach, raised over £21.000 for the charity. On 29th June a small group of long-time supporters of 40tude cycled the breadth of England in just one day, riding 340km befvrfeen the Isle of Sheppey to Weston-super-mare beeen the hours of sunrise and sunset. They set themselves this challenge to honour their friend and fellow 40tude cyclist, Lee Clements, who sadly died very unexpectedly from an undetected heart condition in early 2024. Reaching the finish with just one minute to spare before their target of sunset, they raised a total of £14,000 which was directed equally to 40tude and C-R-Y (Cardiac Risk in the Young). The summer also saw long-standing 40tuder Andrew Peterson take on another epic cycle ride for 40tude'. this time taking part in the Transcontinental Race from Roubaix in northern France to Istanbul. For this ultra-dIstan enduran route Andy navigated his own route via four race checkpoints in Slovenia, Bosnia, Kosovo and Turkey. cycling over 4,300 km 12,745 miles) and climbing more than 45,000 metres in just 15 days while experiencing some of some of Europe's most extreme summer temperatures. He was the oldest person to finish the Race, and, as a result of his considerable efforts in completing this challenge raised more than £64,000 for 40tude. Page 3
40TUDE CURING COLON CANCER TRUSTEES REPORT (CONTINUED Throughout 2024 40tude was delighted to be supported in a variety of ways by increasing numbers of young people. We are grateful to Lucy Morrison who, with little running experience, set herself the daunting challenge of running two marathons for 40tude within six months, completing the first of these in Yorkshire in October. The Trustees are grateful also to Freya Sandberg who ran the Copenhagen Marathon in memory of family friend, Saul Neale, who passed away due to colon cancer the previous year,. Tom Edgar who completed the Westem Australia Ironman likewise in memory of his uncle; and Amelie Smith, the daughter of Tom Smith, who nominated 40tude to receive the funds raised through a concert held by the 'a capella, group that she sang in while at Exeter University. Through this range of initiatives, and the many generous donations made by supporters, the charity generated total income through fundraising of £241,014 in 2024. In addition, 40tude was generously supported with donations from a number of companies and foundations, including the 8c Capital Trust. CGE Partners. Raymond James, OPTO, Wype and Urenco. During 2024, 40tude was pleased to continue its partnership with St. Mark's Hospital and the St. Mark's Hospital Foundation. As part of that on-going, multi-year, collaboration, 40tude supports a significant number of projects including: ICAN Study. a study to develop a non-invasive test to improve the earfy diagnosis of colon cancer in IBD patients. This programme is sucsSfullY developing a genetic test to predict accurately the bowel cancer risk of IBD patients who have aggressive dysplasias. The intention is to determine be able to offer the appropriate treatment, crucially, sparing low risk patients from unnecessary surgery. Lync" three integrated studies to develop a new approach to detecting and preventing colon cancer for those with Lynch Syndn)me. The Lync quest to identify those carrying the Lynch Syndrome gene has been a huge success. A National Registry has been created which is locating those individuals at an ever-increasing rate. This will enable those on the registry to be invited for regular testing, thereby increasing early detection. Multiple testing methods have been developed to improve testing and surveillance for those with Lynch Syndrome and non-invasive methods have been evaluated alongside colonoscopies. The intention is to improve the efficiency of screening those with Lynch Syndrome. 40tude's funding has supported a significant study into the efficacy of qFIT tests for Lynch Syndrome. The study is also world-leading in understanding the biomarkers in the gut biome in Lynch Syndrome. The Tom Smith Research Fellowship.. a role dedicated to searChing the genetics of hereditary colon cancer. The 40tude research fellow, Penelope Edwards, has been investigating how our immune system interacts with mutated cancers and why some people with Lynch Syndrome develop cancer and some don't. This exploration of how immunity could predict cancer risk, or even prevent cancer, is anticipated to support outcomes for people at risk of developing colon cancer. Project DRIVEN: a research programme looking at personalised surgical and medical treatment for individuals recently diagnosed with colon cancer, with particular reference to right-sided cancer. The combination of scans, biopsies and surgical results has now created a frame of reference for the future treatment of right-sided colon cancer. helping to improve the outcomes for colon cancer patients. Page 4
40TUDE CURING COLON CANCER TRUSTEES REPORT (CONTINUED PERFECTS 11 and the National CT Colonography ("CTC') Training and Accreditation Programme.. programmes that have devised and deliVed high-quality training for the interetatIOn of CTC scans. The wide variation in skills and outcomes in interpreting CTC scans had been a significant barrier to successful early identification of colon cancer. 40tude's long term support has now resulted in the training of over 70 radiologists and the creation of the CTC Training Academy. This makes 'gold standard, training accessible across the UK, with nine Centres of ExlLen in England and the first centre just opened in Scotland. PERFECTS 11 extended the study to the training to radiographers (from radiologists). The intention of PERFECTS I &11 has been to enable even greater use of CTC, reducing waiting lists and accelerating diagnostic result times. It is worth noting that every project involves ft)rmal and informal collaboration of many other brilliant individuals and organisations across the United Kingdom working in this sector. Organisations who work on these projects in collaboration with the St. Mark's Hospital Foundation include the Royal Marsden Hospitsl,. the Institute of Cancer Research" Imperial, and St. Bartholemew's Hospitsl. 40tude provided £195,000 in funding to support these initiatives in the year. At the end of the period the charity had cash available of £454,082 for future charitable funding and the administration of the charity. 7. BRIEF STATEMENT OF THE CHARITY'S POLICY ON RESERVES We had unrestricted reserves of £461,953. These fvnds are held in order to cover working capital and short-term expenses to operate the charity and also to cover current and future commitments to fund research projects and to advance further the objectives of the charity- 8. FINANCIAL REVIEW As described above, the majority of income is applied to projects at St. Mark's Hospital Foundation, costs relating to the fundraising events and to staff costs. We keep staff costs low by employing a single manager of the charity and then buying specialist services from outside providers where required. The trustees control the charity funds. The attached financial statements show the current state of finances, which the trustees consider to be sound. The financial statements comply with 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 to the UK and Republic of Ireland published on 16 July 2014, the charity's goveming document and have been prepared in accordan with the accounting policies set out in the notes to the financial statements. 9. TRUSTEES, RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. Page 5
40TUDE CURING COLON CANCER TRUSTEES REPORT (CONTINUED In preparing these financial statements, the trustees are required to.. a} select suitable accounting policies and apply them consistendy- b) observe the methods and principles in the Charities SORP-, make judgements and accounting estimates that are reasonable and prudent" state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue to operate. d) The trustees are responsible ft)r 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. 10. INDEPENDENT EXAMINER A resolution to re-appoint Mr NP Smith BA (Hons) FCCA as independent examiner for ensuing year will be proposed at the annual general meeting. 11. DECLARATION The trustees declare that they have approved the trustees. report a¥,2x& SECURELY 28/10/2025 The annual report was approved by the trustees of the charity 61 behalf by= IDf2025 31 10..26..17 AM TC nd signed on its SIGNED SE¢iIRELY 2811012025 * 10..26..17AM LITC Mr Gordon Moore Chairman Page 6
40TUDE CURING COLON CANCER STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the financial ststements in accordan with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice} and applicable law and regulations. The law applicable to charities 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 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 standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 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, the Charities (Accounts and Reports} Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the rna1ntenan and integrity of the corporate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. SIGNED SECURELY 28/ 10/2025 Approved by the trustees of the char 6H101202S at 10..2S..17 signed on its behalf by" SIGNED SECURELY 2811012025 at 10'.26'.17AM urc Mr Gordon Moore Chairman Page 7
40TUDE CURING COLON CANCER INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 40TUDE CURING COLON CANCER I report to the charity trustees on my examination of the financial statements of the charity ft)r the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balan Sheet and related notes which are set out on pages 10 to 19. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted 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 work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the charity's trustees of 40tude Curing Colon Canr 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 40tude Curing Colon Cancer's accounts carried out under section 145 of the 2011 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. An independent examination does not involve gathering all the eviden that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fairf view and my report is limited to those specific matters set out in the independent examinerfs statement. Independent examiner's statement Since 40tude Curing Colon Cancer's gross income exeded £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 confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of 40tude Curing Colon Cancer 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 accounting 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 accounts to be reached. Page 8
40TUDE CURING COLON CANCER INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 40TUDE CURING COLON CANCER (CONTINUED) SIGNED SECURELY 2811012025 at 10=54=16 AM UT Mr N P Smith FCCA 21 Navigation Business Vlllage Navigation Way Ashton-on-Ribble Preston PR2 2Y SIGNED SECURELY 28/ 10/2025 28M012025 •11Q..54..16AM irrc Page 9
40TUDE CURING COLON CANCER STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds Restricted funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 241,014 7,500 13,977 30,000 271,014 7,500 13,977 Total income 262,491 30,000 292,491 Expenditure on: Raising funds Charitable activities Support costs (60,097) (165,000) (46,080 (60,097) (195,000) (46,080) (30,000) Total expenditure (271,177 (30,000 301,177 Net expenditure (8,686) 8,686) Net movement in fiJnds (8,686) (8,686) Reconciliation of funds Total funds brought forward 470,639 470,639 Total funds carried forward 16 461,953 Unrestricted funds 461,953 Total 2023 Restricted funds Income and Endowments from: Donations and legacies Charitable activities Investment income 268,946 24,684 6,308 32,800 301,746 24,684 6,308 Total income 299,938 32,800 332,738 Expenditure on: Raising funds Charitable activities Support costs {76,154) (396,119) {45,181) (76,154) (428,919) (45,181) {32,800) Total expenditure (517,454) (32,800) (550,254) Net expenditure (217,516) (217,516) Net movement in fiJnds (217,516) (217,516) Reconciliation of funds Total funds brought fotward 688.155 688,155 Total funds carried forward The funds breakdown for 2023 is shown in note 16. 470.639 470,639 The notes on pages 12 to 19 form an integral part of these financial statements. Page 10
40TUDE CURING COLON CANCER (REGISTRATION NUMBER: 1160500) BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets 12 215 Current assets Debtors Cash at bank and in hand 13 14 8,260 454,082 19,594 452,686 462,342 472,280 Creditors: Amounts falling due within one year 15 390 1,856 Net current assets 461,952 470,424 Net assets 461,953 470,639 Funds of the charity: Unrestricted income funds Unrestricted funds 461,953 470,639 Total funds 16 461,953 470,639 ffj1&1*ES1atements on pages 10 to 19 were approved by the trustees, and authorised for issue 3F/ 10/2025 and signed on their behalf by: 2811012025 at 10.26.17 AM UTC SIGNED SE¢iIRELY 2811012025 at 10..26..17 AM Mr Gordon Moore Chairman The notes on pages 12 to 19 form an integral part of these financial statements. Page11
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POLICIES Statement of compliance The financial statements have been prepared in accordan with the second edition of the Charities Statement of Recommended practi issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation 40tude Curing Colon Cancer meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othewise stated in the relevant accounting policy notes. Going concem The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income including donations, gifts. legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a re1vable basis when receipt is probable and the amount can be reliably measured. Deferred income Deferred income represents amounts reiVed for fijture periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when.. The donor specifies that the grant or donation must only be used in future accounting periods., or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Donated services and facilities Donated services and facilities are included in the Statement of Financial Activities when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated ServIS and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the Statement of Financial Activities. Page 12
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Expenditure and liabilities All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature neSSary to support them. Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out reSoUrS and the amount of the obligation can be measured with reasonable certainty. Tangible fixed assets Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows" Asset class Office equipment Depreciation method and rate 33 % straight line Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fijnd and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee Servi in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exed the contribution due for service, the excess is recognised as a prepayment. Page 13
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 2 INCOME FROM DONATIONS AND LEGACIES Unrestricted funds General Restricted funds Total funds Donations and legacies.. Donations from individuals Gift aid reclaimed 215,301 25.713 30,000 245,301 25,713 Total for 2024 241,014 30,000 271,014 Total for 2023 268,946 32,800 301,746 3 INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds General Totsl 2024 Total 2023 Sponsorship 7,500 7,500 24,684 4 INVESTMENT INCOME Unrestricted funds Total costs Interest receivable and similar income= Interest re1vable on bank deposits 13,977 Total for 2024 13,977 Total for 2023 6,308 Page 14
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 5 EXPENDITURE ON RAISING FUNDS A) COSTS OF GENERATING DONATIONS AND LEGACIES Unrestricted funds General Total funds Event management expenses Marketing and publicity 52,273 7,824 52,273 7,824 Totsl for 2024 60,097 60,097 Totsl for 2023 76,154 76,154 6 EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted funds General Restricted funds Total funds Donations to St Mark's Hospital Foundation 165,000 30,000 195,000 Totsl for 2024 165,000 30,000 195,000 Totsl for 2023 396,119 32,800 428,919 Page 15
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 7 SUPPORT COSTS Unrestricted funds Total costs Staff costs Wages and salaries Pension costs Independent examiner fees Examination of the financial statements Administrative expenses 33,862 829 1,280 10,109 Total for 2024 46,080 Total for 2023 45,181 8 TRUSTEES REMUNERATION AND EXPENSES No trustees have received any benefits from the charity during the year. 9 STAFF COSTS The aggregate payroll costs were as follows- 2024 2023 Staff costs during the year were: Wages and salaries Pension costs 33,862 829 33,865 829 34,691 34,694 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as fvll time equivalents was as follows.. 2024 No 2023 No Average number of employees No employee received emoluments of more than £60.000 during the year Page 16
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 10 INDEPENDENT EXAMINER'S REMUNERATION 2024 2023 Examination of the financial statements 1,280 1,550 11 TAXATION The charity is a registered charity and is therefore exempt from taxation. 12 TANGIBLE FIXED ASSETS Furniture and equipment Total Cost At 1 January 2024 649 649 At 31 Dember 2024 649 649 Depreciation At 1 January 2024 Charge for the year 435 213 435 213 At 31 December 2024 648 648 Net book value At 31 December 2024 At 31 December 2023 214 214 13 DEBTORS 2024 2023 Prepayments Accrued income 7,736 524 19,263 331 8,260 19,594 14 CASH AND CASH EQUIVALENTS 2024 2023 Cash at bank 454,082 452,686 Page 17
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 15 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors Accruals 161 229 161 1,695 390 1,856 16 FUNDS Balance at 31 December 2024 Balance at 1 January 2024 Incoming resources Resources expended Unrestricted funds General 470,639 262,491 {271,177) 461,953 Restricted funds 30,000 (30,000) Total funds 470.639 292,491 1301,177) 461,953 Balance at 31 December 2023 Balance at 1 January 2023 Incoming resources Resources expended Unrestricted funds General 688,155 299,938 (517,454) 32,800 470,639 Restricted funds 32,800 Totsl funds 688,155 332,738 (550,254) 470,639 Page 18
40TUDE CURING COLON CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 17 ANALYSIS OF NET ASSETS BETWEEN FUNDS Total funds at31 December 2024 Unrestricted funds General Tangible fixed assets Current assets Current liabilities 462,342 (390) 462,342 (390) Total net assets 461,953 461,953 Total funds at31 December 2023 Unrestricted funds General Tangible fixed assets Current assets Current liabilities 215 472,280 (1,856) 215 472,280 {1,856) Total net assets 470,639 470,639 Page 19