Charlty registration number 1162907 Company registration number CE005175 (England and Wales) THE CHARTWELL CHILDREN'S CANCER TRUST CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
THE CHARTWELL CHILDREN'S CANCER TRUST CIO CONTENTS Pag& Trustees report Indep8ndent examinerfs Teport Statement of financyal activities Balance sheet Notes to IhÈ financial slalernents 6- 11
THE CHARTWELL CHILDREN'S CANCER TRUST CIO TRUSTEES REPORT {INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 As well as fulfilling it'5 aims and objectives, the Charily made a significant financial contribution to The Lily Pad Appeal In Croydon University Hospilal. The Lily Pad Appe81 contribLJled £750,000 towards the cost ol the new paedialric ollcology unit within the new Rainbow Children's Village, 11 Is tha policy of The Chartwell Children's Cancer Trust CIO that unrestricted funds which have nol been designated for a specific use should be maintained al a level equivalent lo between three and six month's 8xpendilure. The Trustees considers that reserves al this level w511 ensure that, in the event ol a significant drop in fundlng, they will be able lo continue The Chariwell Children's Cancel TrLJSt CIO current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees has assessed Ihe major risks to which The Chartwell Children's Cancer Trust CIO is exposed, and are satisfied Ihal systems are in place lo miligale exposure to the major risks. Structure, governance and management The Charlwell Children's Cancer Trust CIO Ss a charitable in¢orporaled organisalion. The liability of members is limited. Every member of Ihe charity promises, if the charity is dissolved while he or sh¢ or il a member or within Iwelve months after he or she or it ceases lo be a member , lo ctsnlribute such suml not exceeding £11 as may be demanded of him or her or it toward5 the payment of the debts and liabilities of the charity incurr¢d b8lore he or She 01 it ceases lo be a member, and of the costs chaiges and expenses of winding up .and adjustment of the rights of the conlribulories among themselves. The Trustees. who are also the direclois for the purpose of company law, and who seNed during the year and up lo the date of signature ol the financial stalemenls were.. Mrs Natalie Jane Reilly Mi Laurence Douglas Adams Mr Michael William Douglas The Trustees report was approved by the 808rd ol Trustees. Mr Mlch8el William Dougl8 Mr Michael William Douglas 30 September 2024
THE CHARTWELL CHILDREN'S CANCER TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2024 Restricted Restricted furbds fund$ 2024 2023 Notes Income and endowments from: Donations and legaci8S Fund raising activities Other income 218,068 73,502 12 204,909 81,041 39,100 Total income 291,582 325,050 èndSture on- Raising funds 51.891 104,633 Charitable activities 230,080 180,494 Total expenditure 281,971 285,127 Net Income for the yearl Net movement in funds 9.611 39,923 Fund balanS at 1 June 2023 37.783 12,1391 Fund balances at 31 May 2024 47,394 37.784 The slalement of finan¢i81 activities includes all gains ar)d losses recognised in the year. Th8 sialemenl of financial aciivilies indudes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activities. The stalernent of finan85 adiwties also compliÈs with the reouSrements for an income and expenditure account under the Companies Act 2006.
THE CHARTWELL CHILDREN'S CANCER TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Accounting policies 1.1 Accountlng convention The financial slalemenls have been prepared in ac¢oTdance with The Chatlwell Children's Cancer Trust CIO'S Igovèrning do¢umentl, the Cornpanies Act 2006 and Accounting and RepoTiing by Charities.. Stalemenl of Recommellded Praclice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in Ihe UK and Republic Of Ireland IFRS 1021 leffeclive 1 January 20191" The Ch8riwell Children's C8n¢eT Trust CIO is 8 Public Benefit Entity as defined by FRS 102. The Chartw811 Children's Cancer Trust CIO has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo piepam 8 Statement of Cash Flows. The finaTTrci81 statements havg départed frorn the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a true and fair view. This departure has involved followng the Slalement ol Recommended Piaclice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations but which has Sin been wilhdrawn. The linancjal slalements are prep8red in sterling, which is the functional currency of The Chartwell Children's Cancer Trusl CIO. Moneiary amounts in these financial statements are rounded to the nearest £. 1.2 Charitable funds Restricted funds are subject to specific Conditions by donors or grantors as lo how they rnay be used. The purposes and uses of the restricted funds are s81 oul in the noles to the financial statemenls. Endowment funds are subject lo specrfic condllions by donoTS that Ihe capital must be maintained by The ChaeI Children's Cancer Trust CIO. 1.3 Income Income is recognised when The Chartwell Children's Cancer Trust CIO is 16gally enlilled lo it after any performance conditions have been mèt, the amounts can be measuied reliably, and it is probable that income wll be received. Cash donations are recognised on recèipt. Other donations are rewgnised On The Chartwell Chlldren's Can[ Trust CIO has been notified ol the donation, unless performance conditions 18qLJire defeiral of the amount. Income lax reooverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. Legacies ar8 recognised oll receipt or otherwise if The Ch8riwell Children's Cancer Trust CIO has been notified of an impending disliibulitsn, the arnounl is known, and receipt is expected. 11 the amounl is not known, the legacy is treated as a contingent asset. Turnover is measured al the fair va5ue of Ihe c(>nsideralion reiVed or receivable and represents 8mounts receivable lor goods and services prOded in the normal course of business, nel of dis¢ounts. VAT and other sales related taxes.
THE CHARTWELL CHILDREN'S CANCER TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accounting policies IContSnuedl 8aslc flnancial assets Basic financial assets, which indude debtors and cash and bank balances, ai8 initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing transaction, where the transaction 15 measured al the present valu8 of the future receipts discounted al a market rale of interest. Finanryal assets dassified as receivable within one year are not 8nlOrtised. Basi¢ flnanclal liabilities Basic financial liabilities, including creditors and bank loans are initially re¢ognised al Irans8¢tion price unless the arrangement conslilutes a financing Irans2clion, where the debt insliument is measured al the present value of the future payments discounted al a market rale of interest. Financial liabilities dassrfied as payable within one year arè not amortised. Income from donation$ and legacies Restylcted funds 2024 Restrictsd nds 2023 Donations and gifts 218,068 204,909 Income frnm other trading activities Restricted funds 2024 Restricted funds 2023 Fundraising events 73.502 81,041 Othèr Income Restricted funds Reslricled funds 2024 2023 Income from other SOLJrces Income from grants 12 4,100 35,000 39,100
THE CHARTWELL CHILDREN'S CANCER TRUST CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MA Y 2024 Tangible fixed assats FrÈtrhold land and buildingÉ Moior vehicles Tolal Cost Al 1 June 2023 84,245 7,800 91,845 At 31 May 2024 84,245 7,600 91,845 Dèpreclation and Impaimi8nt At 1 June 2023 Depreciation charged in the ye8r 3.370 674 2,280 798 5.650 1,472 Al 31 May 2024 4,044 3,078 7,122 Carrying amount At 31 May 2024 80,201 4,522 84,723 Al 31 May 2023 80,875 5.319 86,194 10 Debtors 2024 2023 Amounts fallbng due within one year: Trade debtors Prepayments and accrued incowne 395 906 500 1,301 5(K) 11 Loan5 and overdrafts 2024 2023 Other loans 22.500 32,502 Payable within one year Payable after one year 10,700 11.800 10,914 21,588 10-