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2022-12-31-accounts

Company no. 09646832 Charity no. 1163735

It's in the Bag Cancer Support Ltd Report and Unaudited Financial Statements

31 December 2022

It's in the Bag Cancer Support Ltd

Reference and administrative details

For theyear ended 31 December 2022
Company number 09646832
Charity number 1163735
Registered office and Bristol Haematology And Oncology Centre
operational address Horfield Road
Bristol
BS2 8ED
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Jeremy Braybrooke
Richard Bullard
Katherine Gearing (appointed 27 October 2022)
Stephen Grey (resigned 30 April 2022)
Sophie Mason (resigned 6 March 2023)
Michael Perry
Carolyn Sage (resigned 18 January 2022)
Edward Smith
Company secretary Susan Brand
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

The trustees present their annual report for the period ended 31 December 2022.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

The legal name of the charity is: It's in the Bag Cancer Support Ltd.

The charity is also known by its operating name: It's in the Bag.

The charity is constituted as a company limited by guarantee, registered under the Companies Act and its governing document is a Memorandum and Articles of Association under company legislation.

By operation of law all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The trustees are all individuals.

The principal operating address, telephone number and email and web addresses of the charity are:

Bristol Haematology and Oncology Centre (BHOC), Horfield Road, Bristol. BS2 8ED

Telephone: 0117 342 3472

Email Address: hello@itsinthebag.org.uk

Web address: http://itsinthebag.org.uk/

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

The trustees who served as a trustee in the reporting period and, if applicable, their dates of appointment or resignation during the year are listed on page 1.

All the trustees are also members of the charity.

Objectives and activities

The purposes of the charity as set out in its governing document are:

It's in the Bag (IITB) achieves its purposes in three ways:

2

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

Support

Testicular cancer is the most common cancer in men in their 20's and 30's. Being diagnosed with testicular cancer and going through treatment is a huge challenge physically, mentally and emotionally. We provide a range of activities and initiatives to help men through this tough time. We also support a smaller number of men and women who are affected by other germ cell cancers. This includes support for families and carers.

Awareness

Teaching the public, especially men, the importance of self-checking their testicles regularly, especially those aged 15-45 years and if they discover a problem or issue to see their GP immediately.

Survival

With UK cure rates for testicular cancer running above 98%, we focus on helping men tackle the emotional and practical impact of cancer both during treatment and into their lives afterwards. We also encourage and inspire those affected to help and support others.

The main achievements and performance of the activities undertaken in relation to those purposes during the period:

Our operations have recovered from where we were under COVID and we have been able to hold face to face events including Testical Festival and our Le Tour de Balls cycling tour and re-engage with our fantastic volunteers. There is no doubt that the level of funds raised has been impacted by the cost-of-living effect but we continue to be supported by our generous donors.

It's in the Bag strategy

In December 2022 the Trustees met to review our strategy. We recognised both that the landscape for raising funds is getting more difficult but also that we wanted to consider how we could deliver both more and different services through our continued focus on Support, Awareness and Survival.

We recognised that having further diversified our Trustee Board, with business, professional, charity and clinical experience represented, we now have the opportunity to formalise the way we work; formalise our organisation structure and further professionalise our delivery. However, we also recognised that we must retain the culture of the organisation which engages our volunteers and the sense of fun and the ridiculous that we know also appeals to our audience.

The key areas that we are focusing on initially are:

Support

Support for those diagnosed with testicular cancer (germ cell cancer) and their family and friends.

3

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

Support at diagnosis and through treatment

Support beyond treatment

Support for health care professionals

Awareness

When testicular cancer (germ cell cancer) is detected early it can be treated with surgery alone and reduces the need for more invasive treatments. Testicular cancer remains one of the most treatable and curable cancers, however raising awareness, particularly in the younger age group, requires a different approach. It’s in the Bag will continue to push the boundaries when raising awareness and does so in the following ways:

4

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

Promoting quirky and innovative campaigns and images

During Men’s Health Awareness Month (November) we launched our new campaign SAS Who Checks Wins. Based on our three aims Support Awareness Survival (SAS) and the Who Dares Wins popularity we worked with local artist and now Patron Jonathan Dixon. The campaign included checking cards, posters and a video. The video was entered into The Charity Film Awards and was shortlisted for an award. The campaign has been further endorsed by SAS Who Dares Wins Mark Billingham MBE who the team met.

We have designed some checking cards that are gender neutral. This has helped us to deliver awareness stands in schools and colleges and at Bristol Pride.

Promoting Testicular Cancer Awareness Month (TCAM)

In 2022 we achieved 3 main goals in TCAM:

Attending schools, colleges, universities, workplaces and events that reflect our catchment group

We have been able to resume our face to face events including delivering presentations and attending events with our IITB stand. The response is always very positive. This year we presented at:

As a designated charity for Exeter Chiefs Foundation we were able to distribute a lot of awareness checking cards at Sandy Park and at the venue of Test Fest Taunton Rugby Football Club.

Bristol Pride is one of our most popular events with both volunteers and the public. This was especially well received with our gender neutral checking cards. We aim to develop a gender neutral banner for the parade in 2023 to ensure we meet our diverse audience.

5

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

Through our talks we reached over 1,000 people directly, have given out thousands of checking cards and engaged in innumerable conversations. Together with all talks and presentations being posted on our social media channels, our reach during April was 26k on Facebook, an increase of 78%, and 1.1k on Instagram up by 2.2%. Our view is that this work only has to save one life and it will have been worthwhile.

Test Fest 2022

Unfortunately, the weather was not kind for our first event since Covid.

The last music festival was 2019 where we had thought that numbers and recognition was growing. However, we believe that the change of venue and the weather severely impacted on the success of the event. Nevertheless, the feedback from the volunteers, public, bands and services was wonderful and we have been encouraged to repeat it in 2023. The proviso is that ticket sales need to increase and that we need to ensure much more sponsored support. Again the social media spoke for us as the event generated a peak of over 27k views on Facebook and the biggest increase in Instagram followers.

Selling merchandise

Reaching out via our website and Social Media channels

6

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

Blue is 2022 and Grey 2021:

7

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

Twitter – Twitter remains harder to track and also a difficult animal to read. We have some fantastic Tweets that appear to go pretty sky high and some that flop. Top Tweets for us were:

LinkedIn – All posts are now more focused on appealing to and informing a business and professional audience, so not necessarily the same as our posts to Facebook and Instagram. This approach has expanded our network and we will continue to understand further to gain traction for our events. We had 24 new followers. Views increased as did impressions. These appear to be linked with significant events and campaigns.

YouTube –Our YouTube Channel is as predicted increasing in both audience and viewing time. In 2021 we had 1,790 views which equated to 1,983 minutes viewing, this has increased to 1,979 with viewing time up by 10%. The most viewed videos are:

Viewing spikes experienced were during the build-up to TCAM, Test Fest; and November.

Fundraising activities during the period

The impact of COVID and the rise in the cost of living have impacted on our ability to fundraise and as such we have been looking at avenues which encourage regular donations and support. Alongside this we also receive support from businesses, clubs and bucket collections. Many of our supporters also give their time to help us and this is very much part of the family nature of our charity. We noted earlier signs of online fundraising fatigue. As a result we will be more targeted in which events we will now run online and which will be physical attendance.

9

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

Events like Total Bo**ocks Pub Quiz and Bonkers for Conkers are becoming regular events which are not directly organised by It’s in the Bag. Our lottery continues but does not appear to have much growth but it does currently give us a regular income of up to £2,000 a year. We are overwhelmed by the annual support we have at Edinburgh Men’s Hockey Club where each year they grow a hairy top lip for us and raise thousands of pounds.

Business Support – We were very pleased to be chosen again as a designated charity for Exeter Chiefs Rugby Foundation and continue to have a good relationship with Astra Security, Graphic Mill and Angus and Oink and continued our relationship My Bollox (the underwear brand).

Grants – we were excited to once again receive a grant of £5,000 during the period from Elizabeth & Prince Zaiger Trust. We applied for a National Lottery Community Grant and were awarded £10,000 which is to be used to update our videos and develop one to explain what we do and how we can help.

Funeral Grants are high expenditure, however the family of one recipient went on to organise a few fundraising activities and raised nearly £4,000. This generosity in the face of such sorrow is quite humbling for a charity like ours.

Tour de Balls – This event is repeated once every 3 years and we surpassed ourselves again. We were aiming for 24 cyclists and ended up with 16, who cycled 300 miles in 3 days. They raised a total of £13,728 which was phenomenal. Our target was £10k so we are very pleased both with the funds but the raising awareness too, where our reach on Facebook was 52K.

Survival

It's in the Bag Volunteers

Volunteers are vital to the work of It's in the Bag. We have no paid members of staff but ask a lot of our supporters. We want to ensure our volunteers are safe and that they clearly represent our charity. We established a WhatsApp group during lockdown which has been retained as an easy and valuable way of maintaining communication with our volunteers. We also engage with our volunteers (and the wider public) through regular use of social media.

To celebrate survival and to thank our volunteers, supporters and business sponsors we organise a bi-annual event which includes the "Golden Pants Awards". Attendees pay a small fee for tickets, awards are funded by IITB and charity funds will be used to encourage people to attend, as these events are often relatively expensive to those who have recently completed treatment.

We will hold a Testicular Ball in 2023. This event is integral to our ongoing efforts to use and raise funds by attracting and strengthening relationships with volunteers and business sponsors.

We also strongly believe that celebrating survival for many men and their families is an important step in the recovery process.

Innovative features

We are the only testicular cancer charity to produce gender neutral materials to encourage selfchecking and early diagnosis.

We continue to be the only testicular cancer charity who ensure that all our checking videos have subtitles and British Sign Language to appeal to those with disabilities.

10

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

We decided that we need a new face of It’s in the Bag for November and SAS Who Checks Wins was born. To continue our unique style and quirky messages this was a big success.

Test Fest 2023 – we remain the only testicular cancer awareness music festival in the UK.

To start our preparation for 2023 we have developed a project with local college Art and Design Department to design large letters for the Test Fest. The college have never been given a project like it and 59 students took part. Together with the redesign of all the materials to appeal to a younger audience.

Recruitment strategy

We have continued our recruitment strategy to appeal to potential Trustees and a wider range of volunteers for specific roles, looking beyond IITB connections. We have successfully recruited two new Trustees in the period.

Zoom platform – we have continued to invest as a remote working charity since it allows us to have more conversations with volunteers, fundraisers and Trustees than we were ever able to do before.

YouTube platform – our YouTube platform has benefitted from the investment we have made with increased utilization and professional output. By using tools such as Snappa and Canva we can design our images to fit all media platforms.

Virtual events - we have the skills, experience and necessary tools to continue to leverage such events. We have noted the decline in effectiveness of online events for fundraising, but we will continue to run them after evaluating based on purpose, efficiency and effectiveness.

Structure, governance and management

No person other than a trustee retiring by rotation may be appointed a trustee at any general meeting unless:

All members who are entitled to receive notice of a general meeting must be given not less than seven nor more than twenty-eight clear daysꞏnotice of any resolution to be put to the meeting to appoint a trustee other than a trustee who is to retire by rotation. Our AGM was attended by trustees, volunteers and supporters who all made a valuable contribution to celebrating the previous year and helping to set the path we will take in the next year.

The trustees may appoint a person who is willing to act to be a trustee.

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

A trustee appointed by a resolution of the other trustees must retire at the next annual general meeting and must not be taken into account in determining the trustees who are to retire by rotation.

Financial review

For the period under review, we generated total income of £76,505 (2021: £39,170) and spent £79,603 (2021: £42,876) leaving a small deficit for the year of £3,098. Funds brought forward from the prior period were £64,968, resulting in total funds of £61,870 as at 31 December 2022 to be carried forward into the next financial year.

Reserves policy

The charity's estimated annual expenditure is budgeted to be in the region of £85,000. We will plan, as in past years, to secure the charity's future and ability to meet its aims and objectives. The directors will ensure that there are sufficient reserves to cover the costs for the forthcoming year, particularly as most of our funds are raised through donations from individuals and therefore the charity has no guaranteed income.

The directors are also mindful of the possible need to contract out some of the administration and therefore feel it necessary to hold reserves in anticipation of this potential future cost. The directors therefore believe that a reserve balance of around £35,000 is a prudent level to secure the charity's future.

Going concern

The charity currently has sufficient funds to sustain its planned activities and therefore has no going concern issues. We have managed our accounts very closely. We recognise that there is still ongoing uncertainty exacerbated by global events which has had an impact on cost of living and we will continue to exercise a prudent view of necessary expenditure.

Plans for future periods

We have completed a strategy and three-year operating plan ensuring that we can provide sustainable support.

Support: Our hope is to support many more men and their families in the South West of England including the use of Grants and the Survivorship Toolkit. The main aim is still to encourage attendance of those who are treated outside of the Bristol clinical service and to start to develop support facilitators in Devon and Cornwall. However, COVID has continued to put significant strain on NHS resources and it has been difficult to get support for the clinical activities supporting the Toolkit days. We are investigating alternative strategies to support men and their families during treatment.

Awareness: We will continue to strengthen all our current platforms and campaigns.

The charity hopes to double the number in attendance of "The Test Fest". We were adversely impacted by the weather in 2022 so have carried this objective forward to 2023. The venue (Taunton RFC) is close to town which has good transport links and services in the area. This provides more opportunity to advertise and will tap into the rugby fraternity. The collaboration allows Taunton RFC to diversify events at the club.

We have re-established our links with places like UWE Freshers Fair and Hartpury College and have our face to face awareness stands present there as well as new venues. We aim to increase our visits to schools, colleges and universities.

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2022

We aim to target Rugby Clubs in the South West leagues with our Match Fit packs and this will be helped if we obtain a grant applied for through the Exeter Chiefs Foundation.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law 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 income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. 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 maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 17 May 2023 and signed on their behalf by

MPerry

Michael Perry - Trustee

13

Independent examiner's report

To the trustees of

It's in the Bag Cancer Support Ltd

I report to the trustees on my examination of the accounts of It's in the Bag Cancer Support Ltd (the charitable company) for the year ended 31 December 2022, which are set out on pages 15 to 25.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

William Guy Blake

Date: 9 June 2023 William Guy Blake ACA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

14

It's in the Bag Cancer Support Ltd

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 December 2022

Note
Income from:
Donations
2
Charitable activities
3
Celebrate
Awareness
Total income
Expenditure on:
Raising funds
Charitable activities
Celebrate
Awareness
Support
Total expenditure
5
Net movement in funds
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted Unrestricted
£
£
10,000
62,073
-
-
-
4,432
10,000
66,505
-
5,935
-
-
2,204
62,814
-
8,650
2,204
77,399
7,796
(10,894)
-
64,968
7,796
54,074		 2022
Total
£
72,073
-
4,432
76,505
5,935
-
65,018
8,650
79,603
(3,098)
64,968
61,870		 2021
Total
£
31,651
3,973
3,546
39,170
(396)
9,318
28,074
5,880
42,876
(3,706)
68,674
64,968

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. All income and expenditure was unrestricted in the prior year.

15

It's in the Bag Cancer Support Ltd

Balance sheet

As at 31 December 2022

Note
Fixed assets
Tangible fixed assets
10
Current assets
Stock
11
Debtors
12
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
13
Net current assets
Net assets
14
Funds
15
Restricted funds
Unrestricted funds
Total charity funds		 £
19,167
2,973
43,351
65,491
(3,976)		 2022
£
355
61,515
61,870
7,796
54,074
61,870		 2021
£
429
17,204
1,298
49,772
68,274
(3,735)
64,539
64,968
-
64,968
64,968

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 17 May 2023 and signed on their behalf by

MPerry

Michael Perry - Trustee

16

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

1. Accounting policies

a) Basis of preparation

It's in the Bag Cancer Support Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves and budgets for the next 12 months. The charity holds unrestricted net current assets of £54,074 and a cash balance of £43,351. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of events is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

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It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

1. Accounting policies (continued)

f) Funds accounting

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities in proportion to the direct costs of each activity, as follows:

2022 2021
Raising funds 7.4% 0.0%
Celebrate 0.0% 21.5%
Awareness 81.7% 64.9%
Support 10.9% 13.6%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Equipment 4 years

j) Stock

Purchased stock is included at the lower of cost or net realisable value, less provision for slow moving items. Donated items of stock for resale are recognised at fair value which is the expected proceeds from sale less any expected costs of sale. Materials and merchandise distributed to beneficiaries are valued at the lower of cost and net realisable value.

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

1. Accounting policies (continued) l) Cash at bank and in hand

m) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

The charitable company 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 with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Depreciation

As described in note 1i to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.

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It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

2. Income from donations

Income from donations
Voluntary donations
Gift aid
Grants
Total income from donations		 Restricted
£
£
-
56,071
-
1,002
10,000
5,000
10,000
62,073
Unrestricted		 2022
Total
£
56,071
1,002
15,000
72,073		 2021
Total
£
23,724
2,927
5,000
31,651

All income from donations in the prior year was unrestricted.

3. Income from charitable activities

Celebrate:
Celebration event income
Awareness:
Awareness merchandise sold
Testical Festival		 2022
Total
£
-
1,464
2,968
4,432		 2021
Total
£
3,973
3,546
-
3,546

All income from charitable activities in both the current and prior years was unrestricted.

4. Government grants

In the current year the charitable company received a government grant via the National Lottery Community Fund totalling £10,000 to fund charitable activities; there are no unfulfilled conditions or contingencies attaching to this grant.

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It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

5. Total expenditure

Total expenditure
Awareness events
Other fundraising events
Support courses
Publicity and awareness
Grants payable (note 6)
Website and computer
Awareness merchandise
Shopify costs and merchandise storage
Insurance
Administration costs
Administrative support
Trustee costs
Depreciation
Accountancy
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
-
5,409
-
-
-
-
-
-
-
-
-
-
-
-
5,409
526
5,935		 Celebrate
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Awareness
£
19,705
-
-
8,789
-
1,449
10,545
2,734
-
1,957
13,132
944
-
-
59,255
5,763
65,018		 Support
£
-
-
407
-
7,476
-
-
-
-
-
-
-
-
-
7,883
767
8,650		 £
-
-
-
-
-
-
-
-
955
3,036
1,284
-
401
1,380
7,056
(7,056)
-
Support and
governance
costs		 2022 Total
£
19,705
5,409
407
8,789
7,476
1,449
10,545
2,734
955
4,993
14,416
944
401
1,380
79,603
-
79,603

Total governance costs were £2,324 (2021: £2,326).

21

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

5.
Total expenditure (continued)
Prior year comparative
Awareness events
Other fundraising events
Support courses
Celebrate survival events
Publicity and awareness
Patient information packs
Grants payable (note 6)
Website and computer
Awareness merchandise
Shopify costs and merchandise storage
Insurance
Administration costs
Administrative support
Trustee costs
Depreciation
Accountancy
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
-
(396)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(396)
-
(396)		 Celebrate
£
-
-
-
7,658
-
-
-
-
-
-
-
-
-
-
-
-
7,658
1,660
9,318		 Awareness
£
295
-
-
-
2,011
-
-
1,934
814
2,388
-
3,515
12,117
-
-
-
23,074
5,000
28,074		 Support
£
-
-
561
-
-
113
4,159
-
-
-
-
-
-
-
-
-
4,833
1,047
5,880		 Support and
governance
costs
£
-
-
-
-
-
-
-
-
-
-
908
1,010
3,029
1,006
434
1,320
7,707
(7,707)
-		 2021 Total
£
295
(396)
561
7,658
2,011
113
4,159
1,934
814
2,388
908
4,525
15,146
1,006
434
1,320
42,876
-
42,876

22

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

6. Grants payable

Grants to individuals - 18 grants (2021: 13) 2022
£
7,476		 2021
£
4,159

All grants were paid to individuals in line with the 'Support' charitable objectives as outlined in the trustees report.

7. Net movement in funds

This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (including VAT)		 2022
£
401
Nil
485
1,380		 2021
£
434
Nil
74
1,320

Trustee reimbursed expenses relate to travel expenses for one trustee for the current and prior year.

8. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9. Staff costs

The charity has no employees. Key management personnel comprise the trustees, who received no remuneration during the year (2021: none).

23

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

10. Tangible fixed assets
Cost
At 1 January 2022
Additions in year
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
11. Stock
Merchandise for resale
12. Debtors
Prepayments
Other debtors
13. Creditors: amounts falling due within 1 year
Accruals		 Equipment
£
1,733
327
2,060
1,304
401
1,705
355
429
2022
2021
£
£
19,167
17,204
2022
2021
£
£
1,971
711
1,002
587
2,973
1,298
2022
2021
£
£
3,976
3,735		 Equipment
£
1,733
327
2,060
1,304
401
1,705
355
429
2022
2021
£
£
19,167
17,204
2022
2021
£
£
1,971
711
1,002
587
2,973
1,298
2022
2021
£
£
3,976
3,735
2,060
1,304
401
1,705
355
429
2021
£
17,204
2021
£
711
587
1,298
2021
£
3,735

24

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2022

14. Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2022		 £
-
7,796
-
7,796
Restricted
funds		 £
355
57,695
(3,976)
54,074
General
funds		 Total
funds
£
355
65,491
(3,976)
61,870

In the prior year all net assets were held in unrestricted funds.

15. Movement in funds

£
Restricted funds
National Lottery
-
Total restricted funds
-
General funds
64,968
Total unrestricted funds
64,968
Total funds
64,968
Purposes of restricted funds
National Lottery
These funds
website.
At 1 January
2022
Unrestricted funds		 £
10,000
10,000
66,505
66,505
76,505
were granted
Income		 £
(2,204)
(2,204)
(77,399)
(79,603)
(79,603)
to fund video
Expenditure		 £
£
-
7,796
-
7,796
-
54,074
-
54,074
-
61,870
production costs for the
Transfers
between
funds
At 31
December
2022		 £
7,796
At 31
December
2022
7,796
54,074
54,074
61,870

In the prior year all funds were unrestricted.

16. Related party transactions

There were no related party transactions during the year (2021: none).

25