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2023-12-31-accounts

Company no. 09646832 Charity no. 1163735

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

31 December 2023

It's in the Bag Cancer Support Ltd

Reference and administrative details

For the year ended 31 December 2023
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
Susie Budd (appointed 7 June 2023)
Richard Bullard
Katherine Gearing
Sophie Mason (resigned 6 March 2023)
Michael Perry
John Saunders (appointed 28 July 2023)
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 2023

The trustees present their annual report for the period ended 31 December 2023.

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:

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

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

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 96%, 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:

We have held a very successful Test Fest event and a number of awareness campaigns. There is no doubt that the level of funds raised has been impacted by the cost-of-living effect, however we continue to be supported by our generous donors and were completely bowled over, to use one of the sporting terms we use a lot, by a very generous legacy donation of £100k received during the year.

It's in the Bag strategy

In 2023 the Trustees met again to review our strategy to determine how we could most effectively organise ourselves, implement changes to introduce new services and improve what we currently offer and to raise funds more effectively. We also did that in the context of the legacy donation referenced above, with a view as to how that would support us to deliver the strategy over the next 5 years.

The strategy recognised that our continued focus is on Support, Awareness and Survival and that we will retain the culture of the organization, which engages our volunteers with the sense of fun and the ridiculous that we know also appeals to our audience.

We have further diversified our Trustee Board, with the addition of digital media and clinical experience.

The key areas that we have focused on during 2023:

3

It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

Support

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

Support at diagnosis and through treatment

In 2023 we decided to look at a new support model; focusing on areas of support that we will continue, but acknowledging that post Covid-19 some areas of our face-to-face contact have fallen away and are unlikely to return. In addition, we are looking to improve IITB penetration across the South West to improve access to our support services.

Support beyond treatment

Support for health care professionals

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

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:

Promoting quirky and innovative campaigns and images

During Men’s Health Awareness Month (November) we were provided with funding by Exeter Chiefs foundation to put posters in South West service stations. We also used Lottery funding during the year to deliver a new quirky pants video, explaining what the charity is all about and what services it provides through Support, Awareness and Survival. In addition, we redesigned the Test Fest branding and were nominated finalists in the UK festival awards for Brand activation.

Promoting Testicular Cancer Awareness Month (TCAM)

In 2023 we achieved 2 main goals in TCAM:

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

Throughout the year we attended many events with our Awareness Stand and delivered presentations, both face to face and virtually. Feedback as ever has been positive.

In 2023 we presented to over 1100 people at:

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

As a designated charity for Exeter Chiefs Foundation, we had bucket collections at three matches in 2023 and were able to distribute a lot of awareness checking cards at Sandy Park as well as at the Test Fest venue at Taunton Rugby Club.

We also had a stand at the National Germ Cell Group Conference in Glasgow in April which was attended by the leading Germ Cell oncologists in the country. There were 134 delegates and IITB presented a paper alongside our charity colleagues in the Testicular Cancer Network.

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 developed a gender-neutral banner for the parade in 2023 to ensure we meet our diverse audience.

Together with all talks and presentations being posted on our social media channels, our reach during April was 32.6k on Facebook, an increase over 2022, and 9.9k on Instagram up by 160%. Our view is that this work only has to save one life and it will have been worthwhile.

Peaks for awareness are:

Unfortunately, it has become increasingly difficult to collate Twitter (X) analytics, however during November we received a huge amount of traffic. Our Keep Calm and Check His Balls campaign, which we have had since 2011, is aimed at raising awareness with women. The posters which are displayed in female facilities at motorway services became a talking point, both negative and positive. The whole thread gained views of over 363k.

Test Fest 2023

The last music festival was in 2022, where the change of venue and the weather severely impacted on the success of the event. In 2023 on the other hand, we saw the biggest number of attendees to date. We sold 600 tickets and had up to 250 staff, volunteers, bands and vendors on site. We fulfilled our request for Sponsorship. Apart from one band, all bands and artists donated their performances to the charity.

We had recognition for the event by being shortlisted for the UK Festival Awards for Brand Activation. Whilst we did not win, there has been increasing interest in what the festival is aiming to achieve, and some festival experts are helping the event get bigger and better. We also joined the Association of Independent Festivals who provide festival resources and peer support.

The social media audience spoke for us, as the event generated a peak of over 47k views on Facebook and peaked at 2.4K on the day and the biggest increase was Instagram where we peaked at 6.6K. The biggest rise during the festival was in content interactions, which were up by 57%.

Selling merchandise

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

Reaching out via our website and Social Media channels Website

In March 2024 It’s in the Bag was migrated to Google Analytics 4, an updated version of Google’s Universal Analytics platform.

The data in this report is based on April 2023 - April 2024. We will include comparatives for 2024 annual report and report on a calendar year basis going forward.

Since April 2023, 11,000 users, have visited It’s in the Bag website.

The image below shows that 7,700 people from the United Kingdom visited the website and 1,200 were from the United States. Other countries represented include Australia, Germany and India.

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

The top 10 visited pages are shown below.

The homepage (/) was unsurprisingly most popular, followed by the ‘ball-checking/why-check’ page, and the Test Fest 2023 and Test Fest 2024.

We note that the fundraising page does not feature in the most popular pages and it will be interesting to see how the launch of the new website (in early 2024) will move this metric.

Facebook

We have continued to regularly post on our Facebook page and the new Test Fest page too. It remains our most popular platform.

Instagram

Instagram is continuing to grow and with the help of some volunteer’s expertise we have and continue to improve our posts and audience.

Audience Peaks

8

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

LinkedIn

We continue to seek to grow our LinkedIn reach, focusing on appealing to and informing a business and professional audience, so our posts are not necessarily the same as those on Facebook and Instagram.

It’s in the Bag has grown its followers to a total of 236 people at the end of 2023 (with 66 new followers).

Our followers’ demographics show that most people are from the Bristol area and wider South West, with also quite a number of followers from the London area.

The most viewed posts during the period related to the Christmas Advent Calendar campaign in December.

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

YouTube

Our YouTube Channel is as predicted increasing in both audience and viewing time.

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 cost-of-living challenge has undoubtedly impacted on our ability to fundraise and as such we continually look 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.

Legacy donations - We were humbled and excited to receive a donation of £100k during the period. Our strategy is to use this money over the next 5 years to enhance service provisions including our grants, for example this year we increased the travel grant rate for low-income patients; to invest in fundraising capability, we have introduced a customer relationship system which allows us to track donations and communicate with our donors; and to supplement several of our awareness campaigns more easily. However, the most obvious benefit is that it has provided us with breathing space to look forward with confidence to deliver our strategy.

General Fundraising - Events like ‘Bonkers for Conkers’ are regular events which are not directly organised by It’s in the Bag. Our lottery continues to give us a regular income. 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. We also had funds raised this year at the Cheltenham Half Marathon with “Run with Andy” (Whitehead).

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

Business Support - We were very pleased to be chosen again as a designated charity for Exeter Chiefs Rugby Foundation, who also provided additional grant funding, and we continue to have very good relationships with Astra Security, Sheppys, Clear as Day and Out of Hand. In addition, we had fantastic contributions from a NHBC regional golf day (£8k), the CIBSE dinner (£2k) and also ongoing contribution from the Tiny Coffee Company who donate 5p from every cup of coffee sold.

Grants - We applied for a National Lottery Community Grant and were awarded £10k in 2022 which we have used in 2023 to update our videos and developed our new pants video ‘We are It’s in the Bag’, to explain what IITB does and how we can help.

Survival

It's in the Bag Volunteers

As an entirely volunteer led charity, volunteers are vital to the work of It's in the Bag and we ask a lot of our supporters. We want to ensure our volunteers are nurtured and that they clearly represent our charity. We maintain regular communication, via a WhatsApp group, and also engage with our volunteers (and the wider public) through regular use of social media. We currently have 54 volunteers, with 17 joining us in the last year.

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 are also used to encourage people to attend, as these events are often relatively expensive for those who have recently completed treatment.

The Testicular Ball was postponed from November 2023 and held in early 2024. 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.

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

For 2023 we developed a project with local college Art and Design Department to design large letters for the Test Fest. The college had 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. The project has been run again in 2024 with 39 students. We also work with the Richard Huish college music department which provides bands to kick off Test Fest.

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

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.

Patrons

Our patrons actively support publicise our events and activities. This year we welcomed two new patrons Dixon Does Doodles and Af Marseh.

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.

Structure, governance and management

As set out in the charity's Articles of Association, the charity may by ordinary resolution:

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 daysꞏ notice 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.

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 £157k (2022: £76k) and spent £93k (2022: £80k) leaving a surplus for the year of £64k. Funds brought forward from the prior period were £62k, resulting in total funds of £126k as at 31 December 2023 to be carried forward into the next financial year.

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

Reserves policy

The charity's estimated annual expenditure is budgeted to be in the region of £100k. 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 and of course have been positively supported by the legacy donation this year of £100k which has mitigated the ongoing uncertainty exacerbated by global events and cost of living impact, but we will continue to exercise a prudent view of necessary expenditure.

Plans for future periods

We have again 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 to encourage attendance of those who are treated outside of the Bristol clinical service and we will develop support facilitators in Devon and Cornwall. With the appointment of a volunteer clinical coordinator, who will be focusing on engagement with clinical teams across the South West, we hope to ensure all patients across the region are able to access the support they need.

We will endeavour to re-start some face-to-face support sessions to complement the telephone support line which we launched in 2023.

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

Following on from the success of "The Test Fest" in 2023 where we had record numbers, we hope that Test Fest 2024 will be another fantastic event celebrating men’s health and raising awareness of testicular cancer. With increasing awareness of the event locally, as well as the brand recognition from being shortlisted for the UK Festival Awards (Brand Activation) we expect to see numbers rise again. We continue our collaboration with Taunton RFC to use their ground for the festival, with its good transport links and services in the area.

We continue with our links with places like UWE Freshers Fair, SGS College 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, as well as local businesses.

In 2024, we are expanding our Match Fit campaign to coincide with TC Awareness Month in April under the strapline ‘It doesn’t matter what shape your balls are’, with a series of video clips focusing on 7 different ball sports.

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It's in the Bag Cancer Support Ltd

Report of the trustees

For the year ended 31 December 2023

Survival: We will continue to celebrate survival and encourage giving back through volunteering and/or fundraising. The Testicular Ball (March 2024), showcasing our popular ‘Golden Pants Awards’, is a fantastic way of saying thank you to our volunteers and supporters and recognising those who go above and beyond.

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 22 May 2024 and signed on their behalf by

Michael Perry - Trustee

16

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 2023, which are set out on pages 18 to 30.

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: 22 May 2024 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

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It's in the Bag Cancer Support Ltd

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

For the year ended 31 December 2023

Income from:
Note
Donations
3
Charitable activities
Awareness
4
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Celebrate
Awareness
Support
Total expenditure
6
Net movement in funds
8
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted Unrestricted
£
£
-
138,704
-
15,786
-
2,190
-
156,680
-
-
-
1,427
7,796
70,085
-
13,218
7,796
84,730
(7,796)
71,950
7,796
54,074
-
126,024		 2023
Total
2022
Total
£
£
138,704
72,073
15,786
4,432
2,190
-
156,680
76,505
-
5,935
1,427
-
77,881
65,018
13,218
8,650
92,526
79,603
64,154
(3,098)
61,870
64,968
126,024
61,870

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 to the accounts.

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It's in the Bag Cancer Support Ltd

Balance sheet

Balance sheet
As at 31 December 2023
Note
Fixed assets
Tangible fixed assets
11
Current assets
Stock
12
Debtors
13
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
14
Net current assets
Net assets
15
Funds
Restricted funds
16
Unrestricted funds
Total charity funds		 £
15,029
1,989
113,353
130,371
(4,537)		 2023
£
190
125,834
126,024
-
126,024
126,024		 2022
£
355
19,167
2,973
43,351

65,491
(3,976)

61,515

61,870
7,796
54,074

61,870

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 22 May 2024 and signed on their behalf by

Michael Perry - Trustee

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It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2023

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

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. 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 2023

1. Accounting policies (continued)

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

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:

2023 2022
Raising funds 0.0% 7.4%
Celebrate 1.5% 0.0%
Awareness 84.2% 81.7%
Support 14.3% 10.9%

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 2023

1. Accounting policies (continued)

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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 2023

2. Statement of financial activities - prior period comparative

Income from:
Donations
Charitable activities
Awareness
Total income
Expenditure on:
Raising funds
Charitable activities
Awareness
Support
Total expenditure
Net movement in funds
3.
Income from donations
Legacies
Voluntary donations
Fundraising events
Total income from donations
Prior year comparative
Voluntary donations
Gift aid
Grants
Total income from donations		 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)
Restricted
£
Unrestricted
£
-
100,000
-
38,294
-
410
-
138,704
Restricted
Unrestricted
£
£
-
56,071
-
1,002
10,000
5,000
10,000
62,073		 2022
Total
£
72,073
4,432
76,505
5,935
65,018
8,650
79,603
(3,098)
2023
Total
£
100,000
38,294
410
138,704
2022
Total
£
56,071
1,002
15,000
72,073

23

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2023

4. Income from charitable activities

Income from charitable activities
Awareness:
Awareness merchandise sold
Testical festival		 2023
Total
£
2,736
13,050
15,786		 2022
Total
£
1,464
2,968
4,432

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

5. Government grants

In the prior 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 2023

6. Total expenditure

Awareness events
Celebrate survival events
Support courses
Publicity and awareness
Grants payable (note 7)
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
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Celebrate
£
-
1,320
-
-
-
-
-
-
-
-
-
-
-
-
1,320
107
1,427		 Awareness
£
23,875
-
-
21,831
-
1,178
4,983
3,517
-
1,114
14,520
997
-
-
72,015
5,866
77,881		 Support
£
-
-
2,452
-
9,770
-
-
-
-
-
-
-
-
-
12,222
996
13,218		 Support and
governance
costs
£
-
-
-
-
-
-
-
-
1,058
303
3,630
-
165
1,813
6,969
(6,969)
-		 2023 Total
£
23,875
1,320
2,452
21,831
9,770
1,178
4,983
3,517
1,058
1,417
18,150
997
165
1,813
92,526
-
92,526

Total governance costs were £2,840 (2022: £2,324).

25

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2023

6. Total expenditure (continued)
Prior year comparative
Awareness events
Other fundraising events
Support courses
Publicity and awareness
Grants payable (note 7)
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		 Support and
governance
costs
£
-
-
-
-
-
-
-
-
955
3,036
1,284
-
401
1,380
7,056
(7,056)
-		 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

26

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2023

7. Grants payable

Grants to individuals - 24 grants (2022: 18) 2023
2022
£
£
9,770
7,476

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

8. Net movement in funds This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
 Independent examination (including VAT)		 2023
2022
£
£
165
401
Nil
Nil
997
485
1,440
1,380

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

9. Taxation

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

10. Staff costs

The charity has no employees. Key management personnel comprise the trustees, who received no remuneration during the year (2022: none).

27

It's in the Bag Cancer Support Ltd

Notes to the financial statements

Notes to the financial statements
For the year ended 31 December 2023

11. Tangible fixed assets
Cost
At 1 January 2023
Additions in year
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
12. Stock
Merchandise for resale
13. Debtors
Prepayments
Other debtors
14. Creditors: amounts falling due within 1 year
Accruals		 Equipment
£
2,059
-
2,059
1,704
165
1,869
190
355
2023
2022
£
£
15,029
19,167
2023
2022
£
£
1,989
1,971
-
1,002
1,989
2,973
2023
2022
£
£
4,537
3,976
355
2022
£
19,167
2022
£
1,971
1,002
2,973
2022
£
3,976

28

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2023

15. Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 December 2023
Prior year comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 December 2022		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
7,796
-
7,796		 General
funds
£
190
130,371
(4,537)
126,024
General
funds
£
355
57,695
(3,976)
54,074		 Total
funds
£
190
130,371
(4,537)
126,024
Total funds
£
355
65,491
(3,976)
61,870

16. Movements in funds

At 1 January
2023
£
Restricted funds
National Lottery
7,796
Total restricted funds
7,796
Unrestricted funds
General funds
54,074
Total unrestricted funds
54,074
Total funds
61,870		 Income Expenditure
£
£
-
(7,796)
-
(7,796)
156,680
(84,730)
156,680
(84,730)
156,680
(92,526)		 At 31
December
2023
£
-
-
126,024
126,024
126,024

29

It's in the Bag Cancer Support Ltd

Notes to the financial statements

For the year ended 31 December 2023

16. Movement in funds (continued) Prior year comparative

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

17. Related party transactions

There were no related party transactions during the year (2022: none).

30