Tll)
pasic
above & beyond for children with concer
Annual Report & Financial Statements
for the year ended 31 August 2025
www.pasic.org.uk
Pasic Registered Chority 1163662
**Pasic ANNUAL REPORT & FINANCIAL STATEMENTS For the year ended 31 August 2025**
|**Contents**|**Page**|
|---|---|
|Trustees’ report|01|
|Independent examiner’s report|12|
|Statement of financial activities|13|
|Balance sheet|14|
|Statement of cash flows|15|
|Notes to the financial statements|16|
|Thank you|29|
**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
The trustees present their annual report and the financial statements of the charity for the year ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in the notes and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102), second edition - October 2019, effective 01 January 2019}.
## **Reference and administrative details**
|Charity name|Pasic|
|---|---|
|Charity registration number|1163662|
|Principal address|c/o E39 Children’s Oncology Daycare|
||Nottingham Children’s Hospital|
||Derby Road|
||Nottingham|
||NG7 2UH|
|Trustees on the date the report was approved|Mark Rye (Chair)|
||Margaret Parr|
||Andrew Ball|
||Amanda Whateley|
||Simaran Johal|
||Stephen Nugent|
||Susan Pringle|
|Chief Executive Officer|Louise Towse|
|Bankers|Virgin Money|
||11 Smithy Row|
||Nottingham|
||NG1 3EJ|
||NatWest|
||16 South Parade|
||Nottingham|
||NG1 2JX|
|Independent Examiner|Eva Stevens|
||Employee of Community Accounting Plus|
||Units 1 & 2|
||North West|
||41 Talbot Street|
||Nottingham|
||NG1 5GL|
Page 01
**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
## **Structure, governance and management**
Pasic is a registered charity, constituted as a charitable incorporated organisation (CIO) in September 2015.
The charity was originally founded in 1977 as “Parents Association For Seriously Ill Children (P A S I C)” (Charity registration number: 506778), providing support to families coping with the devastating impact of childhood cancer. All assets and operations were transferred to Pasic in 2015, on its establishment as a CIO.
Today, Pasic comprises eleven staff, seven trustees and around forty volunteers, many of whom have first-hand experience of childhood cancer.
Pasic’s governing document (its constitution) sets out its objects, powers and how it is to be administered. The CIO’s only voting members are its charity trustees. If the CIO is wound up, the members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
## Trustees
The trustees are legally responsible for ensuring that the charity is well governed and run effectively and efficiently.
The trustees regularly review the skills, knowledge, experience and balance of the board and look to recruit new trustees if any gaps are identified. Once vetted, new trustees are appointed by a resolution passed at a properly convened meeting of the board.
New appointments undertake a comprehensive induction, where they learn about the charity and the role and responsibilities of being a trustee. They are provided with a copy of the charity's governing document, along with the latest annual report and financial statements.
## Key management personnel
The term ‘key management personnel’ is used to describe those persons who have authority and responsibility for the charity (the trustees and the Chief Executive Officer).
Although the trustees control and manage the administration of the charity, the day-to-day management of its activities is delegated to the Chief Executive Officer, who reports to the trustees.
The trustees are responsible for setting the remuneration of the charity’s Chief Executive Officer, taking into consideration performance, affordability and voluntary sector benchmarks for organisations of a similar size.
## Organisational structure
All staff report to the charity’s Chief Executive Officer, either directly or indirectly, through the Head of Fundraising and the newly recruited Head of Family Support Services.
The charity has two committees, Fundraising and Family Support, made up of key members from the board of trustees and staff team. They meet regularly to discuss ideas and inform strategy.
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**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
## **Objectives and activities**
The charity’s purposes, as set out in its constitution are:
- To relieve the needs of children and young people being treated for cancer, leukaemia or brain tumours by the East Midlands Children’s and Young Persons’ Integrated Cancer Service (EMCYPICS) and their families by providing emotional and practical support and organising activities and events such that, for at least brief periods, these families have opportunities to spend quality family time together.
- To help relieve the financial need among the parents and families of such children and young people.
Pasic has been providing vital support to families coping with childhood cancer across the East Midlands for nearly fifty years. Our vision is that no East Midlands family faces childhood cancer alone.
The main activities undertaken by Pasic to further its purposes for the public benefit are:
- **Family support** : We fund four Family Support Workers, three at Nottingham Children’s Hospital (at the Queen’s Medical Centre) and one at Leicester Children’s Hospital (at Leicester Royal Infirmary). We also support Northamptonshire families, in clinics at Northampton General Hospital and remotely. Our Family Support Workers offer emotional support and practical help to the whole family, at what can be a very traumatic time. Pasic is unique in continuing to offer support to families for up to three years after treatment, recognising that challenges often persist beyond active care. Children and young people may be left with chronic health issues and families often feel anxious and worried about trying to get back into normal life. Pasic also funds counselling for young people with cancer, as well as for their parents and siblings, through providers in Nottinghamshire, Leicestershire and Northamptonshire.
- **Family events and activities** : We organise days out, parties and activities for all the family, enabling them to spend time together and have fun, when life is at its most challenging. Our events and activities reduce isolation, help to build resilience and confidence and provide an opportunity to meet and talk to other families.
- **Family grants** : We provide grants to families suffering financial hardship as a result of higher living costs and travel expenses following their child’s diagnosis. For families with children and young persons in palliative care, we offer ‘Making memories’ grants to help them make precious memories. We provide financial support in the form of ‘Compassionate’ grants to those families who have sadly suffered a bereavement, to help with funeral costs.
The trustees confirm that they have complied with Section 17(5) of the Charities Act 2011 in having due regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.
Page 03
**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
## **Achievements and performance**
The number of families receiving regular support from Pasic has remained consistent. We currently support 485 families, a total of 930 children and young people disadvantaged by childhood cancer, including siblings.
We have continued to offer more support to families across the East Midlands region this year. We’ve delivered a wider range of support activities, always ensuring that our support remains accessible and relevant for families of all ages, reflecting different interests and needs. Through our regular events, we’ve enabled more face-to-face interactions with both our team and other families in similar situations, in a broader range of geographical locations.
## Family support
Pasic has a team of Family Support Workers who make life in hospital easier for families. They bring comfort, practical help and fun to the hospital environment. Families have benefited from additional support this year, with the recruitment of a fourth Family Support Worker in May 2025, based at Nottingham Children’s Hospital.
Our Leicester Family Support Worker continues to work closely with Macmillan Cancer Support at Northampton General Hospital, offering valuable support to an increased number of families at paediatric oncology clinics. We would like to thank The National Lottery Community Fund for funding our Leicester Family Support Worker role until November 2027. We are also grateful to the Boots Charitable Trust, Star Trust (East Midlands) Ltd and The Jones 1986 Charitable Trust for enabling continued family support at Nottingham Children’s Hospital.
Pasic Family Support Workers offer a blend of face-to-face support on the children’s oncology wards and remote assistance, providing advice, signposting and a friendly ear over the phone. We maintain contact with families receiving treatment and for three years thereafter, through regular emails, calls and a WhatsApp group offering peer support. As a local charity we can react quickly to need and be nimble in responding to the challenges families face. We pride ourselves on successfully tailoring support to suit individual needs.
We have continued to provide practical help and respite, responding to families’ needs as they arise. We’ve provided wellbeing and care items to make hospital stays easier and Just Eat/Costa vouchers to provide meals and refreshments for parents during hospital stays. We provide crafts and toys to help keep patients occupied and also give out Amazon vouchers, so young people can choose something as a ‘pick-me-up’ during treatment.
Our Family Support team handed out 53 Pasic ‘comfort bags’ this year to families of children newly diagnosed with cancer, filled with essential items for hospital stays. Feedback in our 2024 survey highlights how much these bags help shellshocked families whilst they adjust to living on a children’s cancer ward. Our team also ensures that parents’ kitchens on the children’s oncology wards across all three hospitals are kept stocked with food, helping to alleviate the financial and practical pressures faced by parents during unexpected hospital admissions.
Families of a child with cancer are disproportionately affected by the rising cost of living. They face prolonged hospital stays, loss of income and significant travel costs, often having to travel over two hours, multiple times a week, for treatment. This year we’ve funded over £16,000 of supermarket vouchers to help families struggling financially. These vouchers, along with grants, are vital for many families.
We’ve acted on feedback from families and clinicians to ensure our services meet the needs of our beneficiaries. The team have been able to build stronger relationships with families and teenagers, since our decision in 2022 to extend our age range to support young people up to their nineteenth birthday. This is evidenced by the take up on our newly introduced programme of teenage activities and outings in February half-term and collaboration between Pasic and the CYPICS Teenage and Young Adult Nursing team.
Our Family Support Workers have continued to deliver teen ‘pick-me-up packs’ this year. These personalised parcels of special treats tailored to this age group, provide a vital boost to teenagers struggling with isolation.
Our Mood Bears project has provided bears to young patients and siblings, helping them to cope with emotional distress. Leicester Children’s Hospital is now providing these for their oncology patients, having recognised the value they bring. Pasic continues to provide them for families at Nottingham Children’s Hospital and Northampton General Hospital.
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**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
Pasic has provided funding for the replacement of equipment, including televisions at Leicester Children’s Hospital and DVD players for Nottingham Children’s Hospital. We have also supported the play teams by providing craft items and decorations for celebrations such as Halloween and Christmas.
Pasic Family Support Workers work closely with families at end of life. We continue to create customised family experiences through our ‘Making memories’ fund, offering special moments to children receiving palliative care. We take a tailored approach to meeting individual needs, often working with businesses and where possible, acquiring match funding to double our impact. Families facing the loss of a child have found comfort in silver fingerprint charm keepsakes we provide for family members, preserving a lasting memory of their child.
## _Counselling_
Building on our counselling provision for Nottinghamshire families, we have now established a successful partnership with The KidsAid Foundation in Northamptonshire to provide counselling to Pasic families in this region. Over the year, the number of talking therapy sessions funded has almost doubled, increasing from 221 to a total of 403 sessions delivered. Feedback has been overwhelmingly positive, demonstrating a clear and meaningful impact on mental health and overall wellbeing. We continue to value our strong relationship with Lotus Therapy Centre (who deliver services to our Nottinghamshire families) and we are extremely grateful for the complimentary sessions they have provided. On the back of this success, we introduced counselling services for families in Leicestershire and Derbyshire in 2025 through My Solution Wellbeing.
Dionne’s son was diagnosed with Hodgkin’s Lymphoma at the age of 14. A Pasic Family Support Worker referred her to counselling, which helped her to cope with the situation:
“Pasic were amazing and very quickly arranged counselling for me. I can’t put into words how much this has helped me get through some of the worst days. They gave me tips on how to cope with the massive range of feelings and made me realise everything I’m feeling is normal and okay. I would recommend counselling to anyone going through this awful time.”
## _Working in partnership to provide better support_
We continue to work closely with Young Lives vs Cancer, the Teenage Cancer Trust, outreach nursing teams and other NHS healthcare professionals to ensure that all young people diagnosed with cancer or a brain tumour across the East Midlands are offered support by Pasic. Our partnerships with external organisations enable us to maximise the support available to families whilst avoiding duplication, whether through the provision of essential items, the organisation of respite breaks, additional palliative and bereavement support or the opportunity to enjoy special experiences. During the year, we referred 23 families for free seaside breaks with Ben’s Den charity. We’ve also arranged for children to receive Lego packs from The James Anthony Foundation, while young people with brain tumours benefited from ‘Booster Boxes’ provided through our collaboration with OSCAR’s Paediatric Brain Tumour Charity.
Pasic has strengthened connections with other charities supporting young people with cancer. We are a member of the UK-wide Children and Young People’s Cancer Coalition, a CEO-led body of nearly 50 charities working to amplify the voices of young cancer patients and their families. Pasic is also a professional member of Together for Short Lives, complementing our support for families with children receiving palliative care. The charity is a useful source of information as well as a resource to signpost families to.
## Family events and activities
We ran a broad programme of events and activities for all ages across the East Midlands this year, offering our largest number of places to date. We are grateful to BBC Children in Need for their continued funding, enabling us to bring fun and respite to the lives of those affected by childhood cancer. In August 2025, we strengthened our team by recruiting a Charity Administrator to oversee administrative processes and support our Family Events & Office Manager.
In the run up to Christmas, 132 children and family members had a fabulous time aboard the Great Central Railway’s Santa Steam Train Express. We brought laughter to families by funding 252 places at pantomimes in
Page 05
**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
Nottingham, Leicester, Northampton, Lincoln and Derby. Our festive celebrations continued with 263 beneficiaries enjoying a fantastic Christmas party in Nottingham. Additionally, we held our third Christmas party in Northampton, jointly with the children’s cancer ward at Northampton General Hospital, attended by over 70 guests. Ahead of the big day, 181 families experienced the magic of a Christmas Eve box packed with festive novelties, crafts and treats. This represents an increase of 70 boxes from two years ago.
In April 2025, we hosted our Easter party, where 167 guests enjoyed fun, games and the opportunity to reconnect with friends. Over the spring school holiday, we funded outings for 265 individuals to locations across the East Midlands including Twinlakes Park, Twycross Zoo, Wheelgate Park and Trentham Monkey Forest.
In August 2025, 443 children, parents and carers came together for a highly enjoyable trip to Alton Towers. For many families the trip was the highlight of the year, particularly for those who were unable to go on a summer holiday due to treatment or financial constraints.
Our face-to-face peer support community continued to create opportunities for young people to experience the enjoyment of a more ‘normal’ childhood through a programme of regular events. Alongside our scheduled activities, smaller groups also attended events donated by local businesses, including a seasonal funfair and performances at Curve Theatre, Leicester. Once again, DHL generously provided tickets for corporate hospitality and mascot experiences at matches throughout the year, including Manchester United, Leicester City and Leicester Tigers rugby.
We partnered with the Teenage Cancer Trust to deliver ward-based activities for teenagers, while also providing space for parents to connect, share experiences and access mutual support over coffee. In the wider community, joint activities included a chocolate-making workshop for teenagers and a ‘make your own pizza’ evening.
We further developed our programme of teenage trips and activities in response to feedback from the previous year, which highlighted that this age group can feel less confident about taking part and benefit from a more tailored approach. A diverse range of opportunities was offered, including trips to Strictly Come Dancing Live, Silverstone Museum, ice hockey, basketball and theatre.
Feedback shows that these activities have had a significant impact in reducing isolation, building confidence and strengthening family bonds:
“Pasic events are so much more than just a gathering. The party was a day filled with normalcy, joy and a chance to forget the hardships of treatment.”
“Seeing our children laughing and enjoying every single moment is priceless to us as parents. Huge thanks are also due for remembering the siblings and us, the parents. Thanks to you, we were able to take a breath and truly enjoy the spirit of the holidays.”
## Family grants
The charity provided £71,870 in the form of grants, to assist with the hidden costs of caring for a child with cancer. We expanded our grants programme to respond to demand and the rising cost of living, increasing the amount families can access each year and the length of time they are eligible for grants. In addition, families in greatest need can access discretionary emergency grants.
The Pasic team offered palliative support to families facing the loss of a child, organising fingerprint charms and special shared family experiences from our ‘Making memories’ fund.
‘Compassionate’ grants amounting to £30,000 were provided to bereaved families, to help with funeral costs.
We have also signposted families to other organisations able to offer financial help.
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**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
## Operations
The trustees and CEO have continued to strengthen the charity’s operations through regular reviews of procedures, practices and policies. A robust and ongoing risk monitoring process remains in place to support strong governance. Our trustees bring a complementary range of skills and experience, which helps to shape and deliver the charity’s strategy. During the year, alongside the board of trustees, we formalised a voluntary HR advisory role to provide specialist advice and guidance on human resources matters.
We continued to diversify our income streams over the financial year as part of a long-term fundraising strategy to ensure future sustainability. Our Community & Corporate Fundraiser role is now well established and the benefits of a more effectively resourced fundraising team are reflected in increased income generation. This includes support from businesses new to Pasic, as well as strengthened engagement with local community groups such as Rotary clubs, Freemasons and golf clubs. We are very grateful to the Furnley House Foundation and the Lord Mayor of Leicester for choosing to support Pasic and significantly raising our profile across Leicester.
In February 2025, nearly 200 guests attended the Pasic Valentine’s Ball. We maximised the impact of this biennial event by introducing an online auction, enabling the wider public to bid in the lead-up to the evening. Over the summer, we held our third Pasic Skydive, with strong demand from supporters to brave the challenge.
There was a noticeable increase in families choosing to fundraise for Pasic as a way of giving back for the support they had received. We celebrated and thanked our supporters at our first Celebration Event, which brought together donors, founders, trustees, volunteers, staff and families for an afternoon tea in September.
Over 40 volunteers generously gave their time and skills to support day-to-day operations, fundraising activities and family events throughout the year. We are extremely grateful for their continued contribution.
Pasic continues to work to raise its profile across the East Midlands. We use a range of social media platforms to share our work and engage supporters and we plan to expand our digital content in line with our marketing objectives. This includes plans to develop a new website in 2026, which will further enhance our communications, accessibility and supporter engagement.
We regularly monitor and evaluate our work using both qualitative and quantitative data to measure impact. We listen to families and integrate their feedback into our planning processes. Over 70 families responded to our 2024 Family Survey, helping us to refine our events and support programmes. The survey results reinforced both the value of and ongoing need for financial assistance, as well as the crucial role of our counselling services.
Our forward-looking strategic plans and activities reflect the feedback we have received. We have also introduced individual event feedback forms to help us reflect on and improve the range of activities we deliver. In addition, we encourage families to share feedback at different points throughout their child’s treatment and their interaction with Pasic, whether verbally or by sharing their thoughts and photos. The different approaches mean we can gather feedback from a greater range of beneficiaries.
We continue to listen to families and provide tailored financial assistance through our flexible grant system. A 2024 report by national charity Young Lives vs Cancer estimates that families living with childhood cancer face additional costs of £700 per month, even before any loss of income. We have worked with charity and business partners to meet immediate family needs, including the provision of furniture, electrical appliances and emergency funding. Other agencies, including national charities, regularly refer families to Pasic for financial support.
We continue to build on our well-established CRM system to monitor and support families more effectively, helping us to better understand and anticipate their needs. We run monthly reports to track trends in support requests and emerging needs. We analyse data on the support accessed to identify potential gaps, areas for improvement and opportunities to make services more accessible. This approach helps ensure our resources are directed where they will have the greatest impact. By combining insight from our CRM system with direct family feedback, we can respond promptly to changing circumstances, adapt our services where needed and plan developments with confidence. This strengthens both the support we provide to families and the sustainability of Pasic’s work.
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**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
## **Financial review**
The year ended 31 August 2025 proved to be a very successful one for fundraising, with Pasic raising income of £653,113, significantly higher than our £420,000 target. We received an extremely generous, but totally unexpected grant of £100,000 from the Michael Cornish Charitable Trust, on the winding up of their operations.
Disregarding this unexpected receipt, the charity’s reliance on grant funding was much lower this year. Donations from corporate and community entities were strong, especially towards the end of the financial year. An increasing number of families supported by Pasic in the past have been keen to give back by taking on sponsored challenges. The charity organised three fundraising events during the year (a ball, skydive and abseil), raising £51,502.
Total expenditure increased by 18% to £442,191, in line with our spending plan forecast of £445,000. Expenditure on charitable activities was 19% higher at £334,675, with growth seen across all areas.
Spending on family grants increased by 26%, with the charity sadly paying out £30,000 to bereaved families in the form of ‘Compassionate’ grants, compared to £14,000 in the previous year. Family support costs were 17% higher due to our counselling offering continuing to grow and more Family Support Worker hours being funded.
The trustees anticipate that the fundraising environment will remain challenging and demand on services will continue to increase over the next few years, due to economic conditions and the cost-of-living crisis.
## Funds
The charity remains in a strong position financially, with total funds of £429,626 at 31 August 2025.
£401,388 of funds are unrestricted, of which £200,000 has been designated (see below). £28,238 of funds are restricted and can only be lawfully used for specific charitable purposes.
The trustees have designated £200,000 of this year's net income (£210,922) to support the growth of the charity over the next three years. The charity plans to expand its family support offering to beneficiaries by recruiting a Head of Family Support Services, funding additional Family Support Worker hours on the wards and providing more financial support in the form of grants and supermarket vouchers. To ensure that the charity can generate the income required to sustain a larger organisation once the designated funds have been used up, an additional fundraiser will be recruited and a refreshed website/brand will be launched.
## Reserves
Reserves are the element of the charity’s unrestricted funds, freely available to spend on any of its purposes. Reserves exclude tangible fixed assets used in an ongoing capacity to carry out the charity’s activities and any designated funds, which have been set aside by the trustees for a specific purpose.
As Pasic depends entirely on voluntary funding, sufficient reserves must be maintained to ensure sustainability and the continuance of the charity’s activities for a defined period of time, in the event of unforeseen financial difficulties or adverse events. In establishing a reserves policy, the trustees attempt to balance the needs of current beneficiaries against future ones, choosing a level of reserves low enough to ensure that resources aren’t tied up unnecessarily, but high enough to minimise the risk of serious disruption to the charity’s work.
To provide assurances to the families we support, the trustees consider it appropriate to determine the charity’s target range of reserves by reference to the cost of providing essential services to beneficiaries for a further sixmonth period, based on planned activity in the next financial year. This cost is currently calculated to be £192,000 and the trustees aim to maintain reserves within 10% of this figure, a range of £172,800 to £211,200.
The charity’s reserves policy is actively monitored by the trustees. Whilst restricted funds fall outside the definition of reserves, the amount and nature of such funds is taken into consideration when reviewing.
The charity’s reserves at 31 August 2025 were £197,626 (2024: £146,600), within the target range set by the trustees.
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**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
## Principal risks and uncertainties
The trustees regularly review the charity’s risk management approach in line with guidance from the Charity Commission. Risk is a standing agenda item at all board meetings, with a formal annual review being undertaken by the CEO and trustees of the key risks the charity faces. Day-to-day processes and the charity’s culture also support ongoing identification and monitoring of risks, with systems, policies, procedures and controls in place to reduce the likelihood and impact should risks materialise.
The principal risks and uncertainties facing Pasic are:
- **Governance** : Risk of ineffective governance, preventing the board from delivering the charity’s strategy and objectives. This could arise from skills gaps, lack of commitment or unmanaged conflicts of interest. This is mitigated through robust trustee recruitment, performance and skills reviews, as well as clear processes to manage conflicts. The charity’s strategic plan is reviewed annually and at regular board meetings.
- **Operational** : Risks arising from the charity’s day-to-day activities, including the support provided to families affected by childhood cancer and risks surrounding staff, volunteers, assets, data and infrastructure. Policies and procedures are in place to reduce operational risk. New staff, volunteers and relevant third parties complete an induction which includes a review of key policies and procedures. Existing staff complete refresher training and periodic policy reviews. Teams meet regularly to discuss new and ongoing risks, including safeguarding, with significant issues being escalated to the fortnightly Senior Leadership team meeting. Safeguarding incidents are recorded on an incident report form, with ongoing monitoring from the Senior Leadership team. Operational risks are discussed at Senior Leadership team, board and committee meetings.
- **Financial** : The charity’s financial performance and position are monitored regularly through monthly management information, with reviews at each trustee meeting. Liquidity risk is managed through cash flow projections and consideration of available funds. An annual spending plan is prepared by the treasurer and Senior Leadership team and approved by the board. If performance is expected to differ significantly from budget, a reforecast will be undertaken. Income forecasts are prepared and the pipeline closely monitored, to ensure that we’re on track to hit our annual target. A key element of financial risk management is the reserves policy and its monthly review by trustees. Financial policies, procedures and controls are in place for core activities.
- **External** : The charity may be affected by a range of external factors, including political, economic, public health (such as a pandemic), social, technological and environmental changes. The Senior Leadership team and board regularly review these risks to assess their potential impact. These considerations inform the annual strategic planning process and the reserves policy. The charity has policies and procedures in place to manage immediate or unexpected disruption, including business continuity plans.
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**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
## **Plans for future periods**
This year has seen a period of significant growth for Pasic, both in staffing capacity and income generation. The charity is now established as a trusted regional provider of whole family and post-treatment support, underpinned by strong lived experience leadership, committed supporters and a skilled, dedicated team. Trustees are proud of the charity’s progress over the past five years, achieved despite significant challenges including the COVID-19 pandemic and the continued cost-of-living crisis.
Pasic remains committed to delivering the best possible support to families affected by childhood cancer. The charity will continue to adapt its services and operations to respond to future challenges. We’ll focus on building sustainable foundations that enable long-term impact, support staff wellbeing and meet the evolving needs of families across the region.
To facilitate the effective delivery of its charitable objectives, Pasic has strengthened its leadership structure to support the CEO and guide the charity’s next phase of development. The role of Head of Fundraising was established this year and in January 2026, the charity recruited its first Head of Family Support Services.
Pasic’s three-year strategic priorities are:
- **Strong infrastructure and effective governance**
To ensure our charity is well governed, resilient and fit for the future, Pasic will:
- § Maximise the use of trustee steering groups and recruit new trustees to fill skills gaps
§
- § Embed improved HR, finance and IT systems to support organisational growth
§
- § Foster a strong, inclusive staff culture which supports recruitment and retention while prioritising wellbeing and preventing burnout
## • **High quality, responsive family support services**
To deliver clear public benefit and meet its charitable purposes, Pasic will:
- § Maintain and enhance personalised, high quality support for families across the region
§
- § Develop targeted support for teenagers, bereaved families and post-treatment families
§
- § Strengthen collaborative working with NHS East Midlands Children’s and Young Persons’ Integrated Cancer Service and other relevant organisations
## • **Sustainable fundraising and effective marketing**
To ensure financial sustainability and effective use of resources, Pasic will:
- § Continue to diversify income streams, including more focus on regional businesses, regular giving and legacy income
§
- § Expand the fundraising and marketing team by recruiting a Marketing Officer and development of a new fundraising role
§
- § Strengthen supporter stewardship and improve fundraising pipeline management
§
- § Launch and embed a refreshed brand and new website in 2026 to help raise the charity’s profile across the East Midlands and within national networks
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**Pasic TRUSTEES’ REPORT For the year ended 31 August 2025**
## **Statement of trustees’ responsibilities**
The trustees are responsible for preparing their annual report and the financial statements of the charity in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and 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 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 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
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business
The trustees are responsible for maintaining proper accounting records which 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 Charities (Accounts and Reports) Regulations 2008. They 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.
Approved by the trustees and signed on their behalf by:
**Mark Rye** Chair of Trustees
Date: 11 June 2026
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**Pasic INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PASIC For the year ended 31 August 2025**
I report to the trustees on my examination of the accounts of Pasic (the charity) for the year ended 31 August 2025.
## **Responsibilities and basis of report**
As the trustees of the charity, 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 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.
## **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 am a member of the Chartered Institute of Public Finance and Accountancy (CIPFA), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- The accounts do not accord with those records; or
- 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.
## **Eva Stevens, BSc, CPFA**
Employee of Community Accounting Plus Member of the Chartered Institute of Public Finance and Accountancy (CIPFA)
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Date: 12 June 2026
Page 12
**Pasic**
## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 August 2025**
|||Unrestricted|Restricted|**Total**|Total|
|---|---|---|---|---|---|
|||funds|funds|**funds**|funds|
|||2025|2025|**2025**|2024|
||Note|£|£|**£**|£|
|**Income from:**||||||
|Donations and legacies||495,775|98,365|**594,140**|364,628|
|Other trading activities||51,502|-|**51,502**|23,875|
|Investments||6,416|-|**6,416**|5,950|
|Other||1,055|-|**1,055**|1,003|
|||____________|____________|____________|____________|
|**Total income**|02|554,748|98,365|**653,113**|395,456|
|||____________|____________|____________|____________|
|**Expenditure on:**||||||
|Charitable activities||||||
|Family support||80,411|76,597|**157,008**|134,574|
|Family events and activities||22,656|43,905|**66,561**|58,659|
|Family grants|05|101,107|9,999|**111,106**|88,412|
|||____________|____________|____________|____________|
|Total expenditure on charitable activities||204,174|130,501|**334,675**|281,645|
|||____________|____________|____________|____________|
|Raising funds||||||
|Donations and legacies||74,083|10,105|**84,188**|85,176|
|Other trading activities||23,328|-|**23,328**|8,478|
|||____________|____________|____________|____________|
|Total expenditure on raising funds||97,411|10,105|**107,516**|93,654|
|||____________|____________|____________|____________|
|||____________|____________|____________|____________|
|**Total expenditure**|03|301,585|140,606|**442,191**|375,299|
|||____________|____________|____________|____________|
|**Net income/(expenditure)**||253,163|(42,241)|**210,922**|20,157|
|Transfers between funds|14|-|-|**-**|-|
|||____________|____________|____________|____________|
|**Net movement in funds**||253,163|(42,241)|**210,922**|20,157|
|**Reconciliation of funds:**||||||
|Total funds brought forward|14|148,225|70,479|**218,704**|198,547|
|||____________|____________|____________|____________|
|**Total funds carried forward**|14|401,388|28,238|**429,626**|218,704|
|||____________|____________|____________|____________|
_The notes on pages 16 to 28 form part of these financial statements._
Page 13
**Pasic**
**BALANCE SHEET As at 31 August 2025**
|||**2025**|**2025**|2024|2024|
|---|---|---|---|---|---|
||Note|**£**|**£**|£|£|
|**Fixed assets**||||||
|Tangible assets|09||**3,762**||1,625|
|**Current assets**||||||
|Stocks|10|**7,386**||11,724||
|Debtors|11|**24,706**||18,757||
|Cash at bank and in hand||**411,469**||207,224||
|||____________||____________||
|Total current assets||**443,561**||237,705||
|**Current liabilities**||||||
|Creditors: amounts falling due within one year|12|**(17,697)**||(20,626)||
|||____________||____________||
|Net current assets|||**425,864**||217,079|
||||____________||____________|
|**Total net assets**|||**429,626**||218,704|
||||____________||____________|
|**The funds of the charity**||||||
|Unrestricted funds||||||
|General funds|14|**201,388**||148,225||
|Designated funds|14|**200,000**||-||
|||____________||____________||
|Total unrestricted funds|||**401,388**||148,225|
|Restricted funds|14||**28,238**||70,479|
||||____________||____________|
|**Total charity funds**|14||**429,626**||218,704|
||||____________||____________|
The financial statements were approved by the trustees and signed on their behalf by:
**Mark Rye** Chair of Trustees Date: 11 June 2026
_The notes on pages 16 to 28 form part of these financial statements._
Page 14
**Pasic**
**STATEMENT OF CASH FLOWS For the year ended 31 August 2025**
||**2025**|2024|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income/(expenditure) for the year {as per the Statement of financial activities}|**210,922**|20,157|
|Depreciation charge|**1,041**|854|
|(Increase)/decrease in stocks|**4,338**|(11,724)|
|(Increase)/decrease in debtors|**(5,949)**|(10,477)|
|Increase/(decrease) in creditors|**(2,929)**|14,096|
||____________|____________|
|Net cash provided by/(used in) operating activities|**207,423**|12,906|
||____________|____________|
|**Cash flows from investing activities**|||
|Purchase of tangible fixed assets|**(3,178)**|(1,703)|
||____________|____________|
|Net cash provided by/(used in) investing activities|**(3,178)**|(1,703)|
||____________|____________|
|**Change in cash and cash equivalents in the year**|**204,245**|11,203|
|Cash and cash equivalents at the beginning of the year|**207,224**|196,021|
||____________|____________|
|**Cash and cash equivalents at the end of the year**|**411,469**|207,224|
||____________|____________|
_An analysis of the components of cash and cash equivalents has not been presented as carried forward balances correspond to the amounts described as ‘Cash at bank and in hand’ in the Balance sheet._
_An analysis of changes in net debt has not been presented as the charity has no borrowings._
Page 15
**Pasic**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **01 Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with:
- Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102), second edition - October 2019, effective 01 January 2019}
- The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
- The Charities Act 2011
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities preparing their accounts in accordance with FRS 102 rather than the version of the Statement of Recommended Practice referred to in the Regulations, which has since been withdrawn.
Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy.
The financial statements are presented in sterling, with amounts rounded to the nearest pound.
The preparation of the financial statements requires the trustees to make judgements and assumptions that determine the reported values of assets, liabilities, income and expenditure. The nature of judgement means that actual outcomes could differ from expectation.
Having assessed the charity's financial position and reviewed forecasts for the next 12 months, the trustees consider that there are no material uncertainties related to events or conditions that cast significant doubt on the charity’s ability to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on the basis that the charity is a going concern.
Pasic constitutes a public benefit entity as defined by FRS 102.
## **Fund accounting**
Funds is a legal term for the money and other assets held by the charity on trust.
Fund accounting distinguishes between two primary classes of fund, those which are unrestricted in their use and those which are restricted. Each class of fund has unique characteristics in trust law.
Unrestricted funds are available to be applied or spent at the discretion of the trustees, to further any of the charity’s purposes.
Designated funds are the part of the charity’s unrestricted funds that have been earmarked and set aside by the trustees for future projects or commitments. The aim and use of each designated fund is set out in note 14.
Restricted funds can only be lawfully used for a specific charitable purpose, as declared by the donor when making the gift. The assets of each restricted fund are separately identifiable from other funds.
Page 16
**Pasic NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **01 Accounting policies** (continued)
## **Income**
Income is the inflow of resources to the charity from the activities it undertakes.
The charity’s main source of income comes from non-exchange monetary transactions (cash gifts), including donations, grants and legacies, which are given freely to the charity. The essential feature of such income is that the charity receives value from the donor without providing equal value in exchange. The donor doesn’t receive any significant benefit in return for their gift, other than the assurance that it will be used to further the charity’s purposes.
Income from such transactions is recognised by the charity when there is evidence of unconditional entitlement, receipt is probable and the amount can be measured reliably.
For donations, entitlement usually arises immediately on receipt, providing there are no terms or conditions attached to the gift which must be met before the charity is entitled to the resources and income can be recognised.
For grants, evidence of entitlement usually exists when the formal offer of funding is communicated in writing to the charity. For multi-period grants, to be paid to the charity on the basis of agreed annual budgets, income for each specified period is recognised by the charity at the start of the corresponding budgeted year, when it becomes entitled to spend that period’s allocation.
For legacies, receipt is normally probable when there has been a grant of probate and the executors have established that there are sufficient assets in the estate to pay the legacy.
The charity also raises income from organised fundraising events. Entitlement to income arises on completion of the event and income is recognised once the amount can be measured reliably and receipt is probable.
## **Donated goods, facilities and services**
The Charities SORP (FRS 102) requires goods, facilities and services donated to the charity to be reflected in the Statement of financial activities as income (subject to the recognition criteria below), as they provide a resource for use by the charity to further its aims and objectives.
Such donations are recognised as income (with an equivalent amount recorded as an expense under the appropriate heading in the Statement of financial activities) when there is evidence of unconditional entitlement, receipt is probable and the fair value or value to the charity of the donated item can be measured reliably.
Goods donated to the charity for its own use are measured at fair value and recognised as income when received.
Goods donated to the charity for distribution to its beneficiaries are measured at fair value and recognised as income when distributed. The trustees consider that the costs involved in assessing the value of donated items held for distribution at the time of receipt and recognising such items as stock, far outweigh the benefit to users of the financial statements and to the charity.
Facilities and services donated to the charity for its own use, which would otherwise have been purchased, are recognised as income when received. Donated facilities and services are measured on the basis of the value of the gift to the charity, which is the amount the charity would pay in the open market for an alternative item that would provide a benefit equivalent to the donated item.
The charity relies on the support of unpaid general volunteers in carrying out its activities but given the absence of a reliable measurement basis, the Charities SORP (FRS 102) prohibits their generosity from being recognised as income. Over 40 volunteers have supported the charity throughout the year, kindly giving their time and skills to make a vital contribution to our work. Our volunteers take on a variety of roles, from helping out at family and fundraising events, to assisting with day-to-day operations and raising awareness.
Page 17
**Pasic NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **01 Accounting policies** (continued)
## **Expenditure and liabilities**
Expenditure is the amount of the charity’s resources which has been spent or otherwise used up in carrying out its activities.
Liabilities are amounts due to creditors which arise from legal or constructive obligations that commit the charity to expenditure.
A liability and related expenditure are recognised by the charity when a present legal or constructive obligation exists at the reporting date as a result of a past event, it is probable that settlement will be required and the amount of the obligation can be measured or estimated reliably.
Liabilities are measured on recognition at historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## **Cost allocation**
The charity prepares its Statement of financial activities on an activity basis. Expenditure is analysed by the nature of the activities undertaken, to demonstrate how the charity has used its resources to further its charitable aims for the public benefit. The charity distinguishes between expenditure on charitable activities and expenditure on raising funds. Further analysis of the significant activities included within these two categories is provided on the face of the Statement of financial activities.
Reported expenditure for each activity is calculated on a full cost basis. All direct and shared costs attributable to the activity are captured, with an appropriate apportionment of support costs included.
Direct costs, associated with a single activity, are allocated to that activity.
Shared costs, which contribute directly to more than one activity, are apportioned between those activities on a reasonable, justifiable and consistent basis. Where staff duties span two or more activities, costs are allocated based on time.
Support costs are those central costs incurred to facilitate the charity’s work, which are not directly attributable to individual activities. They include functions such as general management, administration, finance, information technology and governance. Support costs are apportioned across activities in proportion to the total direct and shared costs of each activity.
Governance costs form part of support costs. They include costs associated with constitutional and statutory requirements (such as the independent examination of the financial statements and the cost of trustee meetings) and the strategic (as opposed to day-to-day) management of the charity’s activities.
## **Pension scheme**
Employees of the charity are entitled to join a defined contribution workplace pension scheme, provided by the National Employment Savings Trust (NEST).
The charity pays a fixed percentage of each employee’s monthly qualifying earnings into the scheme for the period that the employee is with the charity. The charity has no legal or constructive duty beyond making its own contributions and paying across the deductions for the employee contributions. It is under no further obligation to make any additional payments, irrespective of how the scheme performs.
Pension costs are allocated to activities and between funds on the same basis as other employee related costs.
Total employer pension contributions for the financial year are disclosed in note 06.
Page 18
**Pasic NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **01 Accounting policies** (continued)
## **Grant payments**
The charity makes voluntary payments in furtherance of its charitable aims, for the direct benefit of families of children and young people with cancer.
Grant payments are recognised as an expense on approval.
## **Tangible fixed assets and depreciation**
Tangible fixed assets provide an ongoing economic benefit to the charity and are stated at cost, net of depreciation and any provision for impairment.
Depreciation is calculated to write off the cost of tangible fixed assets over their expected useful lives as follows:
Computers 3 years on a straight-line basis
All assets costing £250 or more are capitalised.
## **Stocks**
Stocks are goods purchased by the charity and held for future distribution to beneficiaries at no consideration.
Stocks are measured at the lower of cost and service potential provided.
## **Financial instruments**
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability of another entity.
A financial asset represents financial resources available to the charity and examples include debtors and cash.
A financial liability is a financial claim on the charity’s resources and examples include creditors and legal or constructive obligations.
The charity only has basic financial instruments, as defined by FRS 102. These are measured at their expected settlement amount (the amount receivable or payable). Financial assets are reviewed for impairment at each reporting date.
## **Cash at bank and in hand**
Cash at bank and in hand is held to meet short-term cash commitments as they fall due.
It includes cash equivalents which are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
Page 19
**Pasic**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **02 Income**
||||Unrestricted|Restricted|**Total**|Total|
|---|---|---|---|---|---|---|
||||funds|funds|**funds**|funds|
||||2025|2025|**2025**|2024|
||||£|£|**£**|£|
||**Donations and legacies**||||||
||Donations||362,915|10,264|**373,179**|162,242|
||Grants||115,000|88,101|**203,101**|173,057|
||Legacies||-|-|**-**|-|
||Donated goods, facilities and services||17,860|-|**17,860**|29,329|
||||____________|____________|____________|____________|
||Total income from donations and legacies||495,775|98,365|**594,140**|364,628|
||**Other trading activities**||||||
||Fundraising events||51,502|-|**51,502**|23,875|
||**Investments**||||||
||Bank interest||6,416|-|**6,416**|5,950|
||**Other**||1,055|-|**1,055**|1,003|
||||____________|____________|____________|____________|
||**Total income**||554,748|98,365|**653,113**|395,456|
||||____________|____________|____________|____________|
|**03**|**Expenditure**||||||
|||Direct|Shared|Support|||
|||costs|costs|costs|**Total**|Total|
|||2025|2025|2025|**2025**|2024|
|||£|£|£|**£**|£|
||**Charitable activities**||||||
||Family support|59,522|95,361|2,125|**157,008**|134,574|
||Family events and activities|51,223|14,509|829|**66,561**|58,659|
||Family grants|106,043|3,468|1,595|**111,106**|88,412|
|||____________|
____________|____________|____________|____________|
||Total expenditure on charitable activities|216,788|113,338|4,549|**334,675**|281,645|
|||____________|
____________|____________|____________|____________|
||**Raising funds**||||||
||Donations and legacies|13,275|69,704|1,209|**84,188**|85,176|
||Other trading activities|15,386|7,607|335|**23,328**|8,478|
|||____________|
____________|____________|____________|____________|
||Total expenditure on raising funds|28,661|77,311|1,544|**107,516**|93,654|
|||____________|
____________|____________|____________|____________|
|||____________|
____________|____________|____________|____________|
||**Total expenditure**|245,449|190,649|6,093|**442,191**|375,299|
|||____________|
____________|____________|____________|____________|
Page 20
**Pasic**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **04 Support costs**
|||Management|Overheads|Governance|**Total**|Total|
|---|---|---|---|---|---|---|
|||2025|2025|2025|**2025**|2024|
|||£|£|£|**£**|£|
||Charitable activities|1,990|1,083|1,476|**4,549**|4,074|
||Raising funds|676|367|501|**1,544**|1,512|
|||____________|____________|
____________|____________|____________|
|||2,666|1,450|1,977|**6,093**|5,586|
|||____________|____________|
____________|____________|____________|
|**05**|**Family grants**||||||
||||||**2025**|2024|
||||||**£**|£|
||**Grants paid to individuals**||||||
||Living costs and travel expenses||||**71,870**|67,951|
||Making memories||||**4,173**|4,176|
||Compassionate||||**30,000**|14,000|
||||||____________|____________|
||||||**106,043**|86,127|
||Shared costs||||**3,468**|857|
||Support costs||||**1,595**|1,428|
||||||____________|____________|
||||||**111,106**|88,412|
||||||____________|____________|
|**06**|**Staff costs**||||||
||||||**2025**|2024|
||||||**£**|£|
||Wages and salaries||||**171,999**|153,331|
||Social security costs||||**8,168**|5,145|
||Employer’s contribution to defined contribution pension scheme||||**4,515**|3,180|
||||||____________|____________|
||||||**184,682**|161,656|
||||||____________|____________|
The average number of staff employed during the year was 8 (2024: 8).
The average number of employees during the year, calculated on a full-time equivalent basis, was 5.6 (2024: 5.5).
There are no employees who received employee benefits of more than £60,000 in either financial year.
Employee benefits received by the charity's key management personnel totalled £35,085 (2024: £29,386).
Page 21
**Pasic NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **07 Trustees’ remuneration and expenses**
None of the trustees have been paid any remuneration or received any other benefits in either financial year.
No trustee expenses have been incurred in either financial year.
|**08**|**Net income/(expenditure)**|||
|---|---|---|---|
|||**2025**|2024|
|||**£**|£|
||Net income/(expenditure) for the year is stated after charging:|||
||Independent examiner’s fees for examination of the accounts|**606**|582|
|||____________|____________|
|**09**|**Tangible fixed assets**|||
||||**Computers**|
||||**£**|
||**Cost**|||
||At 01 September 2024||5,830|
||Additions||3,178|
||Disposals||(1,362)|
||||____________|
||**At 31 August 2025**||**7,646**|
||||____________|
||**Depreciation**|||
||At 01 September 2024||4,205|
||Charge for the year||1,041|
||Disposals||(1,362)|
||||____________|
||**At 31 August 2025**||**3,884**|
||||____________|
||**Net book value**|||
||**At 31 August 2025**||**3,762**|
||||____________|
||At 31 August 2024||1,625|
||||____________|
|**10**|**Stocks**|||
|||**2025**|2024|
|||**£**|£|
||Goods held for distribution to beneficiaries|**7,386**|11,724|
|||____________|____________|
Page 22
**Pasic**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **11 Debtors**
|||**2025**|2024|
|---|---|---|---|
|||**£**|£|
||Prepayments|**13,527**|5,002|
||Accrued income|**11,179**|13,755|
|||____________|____________|
|||**24,706**|18,757|
|||____________|____________|
|**12**|**Creditors: amounts falling due within one year**|||
|||**2025**|2024|
|||**£**|£|
||Accruals|**4,540**|4,981|
||Deferred income|**9,272**|12,021|
||Taxation and social security|**1,839**|2,314|
||Other creditors|**2,046**|1,310|
|||____________|____________|
|||**17,697**|20,626|
|||____________|____________|
|**13**|**Deferred income**|||
|||**2025**|2024|
|||**£**|£|
||Deferred income at the beginning of the year|**12,021**|-|
||Income deferred in the year|**9,272**|12,021|
||Amounts released from previous years|**(12,021)**|-|
|||____________|____________|
||**Deferred income at the end of the year**|**9,272**|12,021|
|||____________|____________|
Deferred income relates to donations and grants received by the charity in advance of entitlement criteria being met for recognition in the Statement of financial activities.
Page 23
**Pasic**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **14 Statement of funds**
||Balance at||||**Balance at**|
|---|---|---|---|---|---|
||01 Sep||||**31 Aug**|
||2024|Income|Expenditure|Transfers|**2025**|
||£|£|£|£|**£**|
|**Unrestricted funds**||||||
|General funds|148,225|554,748|(301,585)|(200,000)|**201,388**|
|Designated funds|-|-|-|200,000|**200,000**|
||____________|____________|____________|____________|____________|
|Total unrestricted funds|148,225|554,748|(301,585)|-|**401,388**|
||____________|____________|____________|____________|____________|
|**Restricted funds**||||||
|BBC Children in Need|13,446|29,213|(37,388)|-|**5,271**|
|Boots Charitable Trust|10,000|-|(10,000)|-|**-**|
|Edith Murphy Foundation|4,317|-|(4,317)|-|**-**|
|J N Derbyshire Trust|-|2,000|(2,000)|-|**-**|
|Michael Cornish Charitable Trust|-|5,000|(5,000)|-|**-**|
|Star Trust (East Midlands) Ltd|4,545|-|(4,545)|-|**-**|
|The A W Lymn Centenary Foundation|-|575|-|-|**575**|
|The Green Hall Foundation|543|-|(543)|-|**-**|
|The Hospital Saturday Fund|-|2,000|(2,000)|-|**-**|
|The Jones 1986 Charitable Trust|-|10,000|(3,334)|-|**6,666**|
|The Mary Robertson Trust|200|-|(200)|-|**-**|
|The Maud Elkington Charitable Trust|-|1,000|-|-|**1,000**|
|The National Lottery Community Fund (1)|5,544|25,943|(25,546)|-|**5,941**|
|The National Lottery Community Fund (2)|9,735|9,870|(10,820)|-|**8,785**|
|The Rank Foundation|9,606|500|(10,106)|-|**-**|
|The Will Charitable Trust|2,655|-|(2,655)|-|**-**|
|Toyota Manufacturing UK Charitable Trust|2,000|2,000|(4,000)|-|**-**|
|Donations|7,888|10,264|(18,152)|-|**-**|
||____________|____________|____________|____________|____________|
|Total restricted funds|70,479|98,365|(140,606)|-|**28,238**|
||____________|____________|____________|____________|____________|
||____________|____________|
____________|____________|____________|
|**Total charity funds**|218,704|653,113|(442,191)|-|**429,626**|
||____________|____________|
____________|____________|____________|
Page 24
**Pasic NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **14 Statement of funds** (continued)
Details of designated funds are as follows:
The trustees have designated £200,000 of this year's net income (£210,922) to support the growth of the charity over the next three years. The charity plans to expand its family support offering to beneficiaries by recruiting a Head of Family Support Services, funding additional Family Support Worker hours on the wards and providing more financial support in the form of grants and supermarket vouchers. To ensure that the charity can generate the income required to sustain a larger organisation once the designated funds have been used up, an additional fundraiser will be recruited and a refreshed website/brand will be launched.
Details of restricted funds are as follows:
BBC Children in Need Family events and activities Boots Charitable Trust Part funding of Nottingham Family Support Worker role Edith Murphy Foundation Supporting families, Counselling J N Derbyshire Trust Part funding of Nottingham Family Support Worker role Michael Cornish Charitable Trust Supporting Lincolnshire families Star Trust (East Midlands) Ltd Part funding of Nottingham Family Support Worker role The A W Lymn Centenary Foundation Supporting families The Green Hall Foundation Supporting families The Hospital Saturday Fund Supporting families, Counselling The Jones 1986 Charitable Trust Part funding of Nottingham Family Support Worker role The Mary Robertson Trust Supporting families, Counselling The Maud Elkington Charitable Trust Supporting Leicestershire and Northamptonshire families The National Lottery Community Fund (1) Funding of Leicester Family Support Worker role The National Lottery Community Fund (2) Supporting families, Counselling The Rank Foundation Funding of Digital Content Officer role The Will Charitable Trust Supporting families Toyota Manufacturing UK Charitable Trust Supporting families within the Burnaston area Donations Supporting families, Family events and activities
## **15 Analysis of assets and liabilities between funds**
||Unrestricted|Restricted|**Total**|
|---|---|---|---|
||funds|funds|**funds**|
||2025|2025|**2025**|
||£|£|**£**|
|Tangible fixed assets|3,762|-|**3,762**|
|Current assets|415,323|28,238|**443,561**|
|Current liabilities|(17,697)|-|**(17,697)**|
||____________|____________|____________|
|**Total net assets**|401,388|28,238|**429,626**|
||____________|____________|____________|
## **16 Related party transactions**
There have been no related party transactions in either financial year that require disclosure.
Page 25
**Pasic**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **17 Prior year: Statement of financial activities**
|||Unrestricted|Restricted|**Total**|
|---|---|---|---|---|
|||funds|funds|**funds**|
|||2024|2024|**2024**|
||Note|£|£|**£**|
|**Income from:**|||||
|Donations and legacies||187,288|177,340|**364,628**|
|Other trading activities||23,875|-|**23,875**|
|Investments||5,950|-|**5,950**|
|Other||1,003|-|**1,003**|
|||____________|____________|____________|
|**Total income**||218,116|177,340|**395,456**|
|||____________|____________|____________|
|**Expenditure on:**|||||
|Charitable activities|||||
|Family support||55,481|79,093|**134,574**|
|Family events and activities||21,829|36,830|**58,659**|
|Family grants||77,868|10,544|**88,412**|
|||____________|____________|____________|
|Total expenditure on charitable activities||155,178|126,467|**281,645**|
|||____________|____________|____________|
|Raising funds|||||
|Donations and legacies||65,816|19,360|**85,176**|
|Other trading activities||8,478|-|**8,478**|
|||____________|____________|____________|
|Total expenditure on raising funds||74,294|19,360|**93,654**|
|||____________|____________|____________|
|||____________|____________|____________|
|**Total expenditure**||229,472|145,827|**375,299**|
|||____________|____________|____________|
|**Net income/(expenditure)**||(11,356)|31,513|**20,157**|
|Transfers between funds||1,091|(1,091)|**-**|
|||____________|____________|____________|
|**Net movement in funds**||(10,265)|30,422|**20,157**|
|**Reconciliation of funds:**|||||
|Total funds brought forward|18|158,490|40,057|**198,547**|
|||____________|____________|____________|
|**Total funds carried forward**|18|148,225|70,479|**218,704**|
|||____________|____________|____________|
Page 26
**Pasic**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **18 Prior year: Statement of funds**
||Balance at||||**Balance at**|
|---|---|---|---|---|---|
||01 Sep||||**31 Aug**|
||2023|Income|Expenditure|Transfers|**2024**|
||£|£|£|£|**£**|
|**Unrestricted funds**||||||
|General funds|158,490|218,116|(229,472)|1,091|**148,225**|
|Designated funds|-|-|-|-|**-**|
||____________|____________|____________|____________|____________|
|Total unrestricted funds|158,490|218,116|(229,472)|1,091|**148,225**|
||____________|____________|____________|____________|____________|
|**Restricted funds**||||||
|BBC Children in Need|9,720|28,623|(24,897)|-|**13,446**|
|Boots Charitable Trust|4,167|10,000|(4,167)|-|**10,000**|
|Browne Jacobson Charitable Trust|-|2,100|(2,100)|-|**-**|
|Edith Murphy Foundation|-|5,320|(1,003)|-|**4,317**|
|J N Derbyshire Trust|1,000|-|(1,000)|-|**-**|
|Michael Cornish Charitable Trust|-|1,000|(1,000)|-|**-**|
|Star Trust (East Midlands) Ltd|-|10,708|(6,163)|-|**4,545**|
|The A W Lymn Centenary Foundation|-|585|(585)|-|**-**|
|The Asda Foundation|502|-|(502)|-|**-**|
|The Bill and Jean Richmond Fund|-|2,891|(2,891)|-|**-**|
|The Florence Turner Trust|-|500|(500)|-|**-**|
|The Green Hall Foundation|-|5,000|(4,457)|-|**543**|
|The Hospital Saturday Fund|1,653|-|(1,653)|-|**-**|
|The Jones 1986 Charitable Trust|15,042|-|(15,042)|-|**-**|
|The Mary Robertson Trust|-|3,000|(2,800)|-|**200**|
|The National Lottery Community Fund (1)|5,693|25,187|(25,336)|-|**5,544**|
|The National Lottery Community Fund (2)|948|9,870|(1,083)|-|**9,735**|
|The Rank Foundation|-|28,725|(18,028)|(1,091)|**9,606**|
|The Stoneygate Trust|1,332|-|(1,332)|-|**-**|
|The Thomas Farr Charity|-|2,423|(2,423)|-|**-**|
|The Trevor Males Memorial Trust|-|10,000|(10,000)|-|**-**|
|The Will Charitable Trust|-|7,000|(4,345)|-|**2,655**|
|Toyota Manufacturing UK Charitable Trust|-|2,000|-|-|**2,000**|
|Donations|-|22,408|(14,520)|-|**7,888**|
||____________|____________|____________|____________|____________|
|Total restricted funds|40,057|177,340|(145,827)|(1,091)|**70,479**|
||____________|____________|____________|____________|____________|
||____________|____________|
____________|____________|____________|
|**Total charity funds**|198,547|395,456|(375,299)|-|**218,704**|
||____________|____________|
____________|____________|____________|
Page 27
**Pasic NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **18 Prior year: Statement of funds** (continued)
Details of restricted funds are as follows:
BBC Children in Need Family events and activities Boots Charitable Trust Part funding of Nottingham Family Support Worker role Browne Jacobson Charitable Trust Christmas activities Edith Murphy Foundation Supporting families, Counselling J N Derbyshire Trust Part funding of Nottingham Family Support Worker role Michael Cornish Charitable Trust Christmas activities for Lincolnshire families Star Trust (East Midlands) Ltd Part funding of Nottingham Family Support Worker role The A W Lymn Centenary Foundation Supporting families The Asda Foundation Supporting families The Bill and Jean Richmond Fund Part funding of Family Events & Office Manager role The Florence Turner Trust Supporting Leicestershire families The Green Hall Foundation Supporting families The Hospital Saturday Fund Supporting families The Jones 1986 Charitable Trust Part funding of Nottingham Family Support Worker role The Mary Robertson Trust Supporting families, Counselling The National Lottery Community Fund (1) Funding of Leicester Family Support Worker role The National Lottery Community Fund (2) Supporting families, Counselling The Rank Foundation Funding of Digital Content Officer role The Stoneygate Trust Supporting Pasic's drive to become more self-funding The Thomas Farr Charity Part funding of Family Events & Office Manager role The Trevor Males Memorial Trust Supporting Nottinghamshire families The Will Charitable Trust Supporting families Toyota Manufacturing UK Charitable Trust Supporting families within the Burnaston area Donations Supporting families, Family events and activities
## **19 Prior year: Analysis of assets and liabilities between funds**
||Unrestricted|Restricted|**Total**|
|---|---|---|---|
||funds|funds|**funds**|
||2024|2024|**2024**|
||£|£|**£**|
|Tangible fixed assets|1,625|-|**1,625**|
|Current assets|167,226|70,479|**237,705**|
|Current liabilities|(20,626)|-|**(20,626)**|
||____________|____________|____________|
|**Total net assets**|148,225|70,479|**218,704**|
||____________|____________|____________|
Page 28
**Pasic**
**ANNUAL REPORT & FINANCIAL STATEMENTS For the year ended 31 August 2025**
## **Thank you**
Our work to ensure that no East Midlands family faces childhood cancer alone is only possible because of the continued generosity and commitment of our supporters.
We would like to express our sincere thanks to all those who supported Pasic during this financial year:
## _**Trusts, Foundations and Grantmakers**_
BBC Children in Need Dunn Family Charitable Trust J N Derbyshire Trust Michael Cornish Charitable Trust The A W Lymn Centenary Foundation The Hospital Saturday Fund The Jones 1986 Charitable Trust The Maud Elkington Charitable Trust The National Lottery Community Fund The Rank Foundation The Shoe Zone Trust Toyota Manufacturing UK Charitable Trust
## _**Companies, Organisations & Individuals** (including but not limited to)_
Andy Whitt Nottingham Girls’ High School Bill Richmond NRA Roofing & Flooring CAPS Paviors RFC Catalent SC Johnson Citipost SCAPE Crowne Plaza Shoe Zone DHL Sporting Bears Great Central Railway The Big Yellow Self Storage Company Julie At The Rectory The Byrne Family Key Mortgages The Guintoli Family Leicestershire & Rutland Freemasons The Holgate Academy Lord Mayor of Leicester The Murphy Family Lotus Therapy Centre The Park Garden Trail Mail Boxes Etc. Wollaton Park Golf Club Nottingham ElecMech Club
_**Our employees, whose willingness to support our families in challenging times is second to none**_
## _**Our volunteers, who kindly offer their time and skills in support of our beneficiaries**_
Page 29
pasic
ob•ve & boyond foi chlldion wlth cancer
A year of supporting families