REGtSTERED COMPANY NUMBER: 119920657 (EngId WAies) REGISTERED CHARITY NULIIBKR: 1165614 Report •f th¢ Trn5¢e¢i UndIted FinaneiAI StsteD*nli for the Ye4r Ended 31 DeceJDber 2023 for S>lldary Flrst Grant Harrcd Lernjan Davis LLP Chartered A&untant% 1st Floor H¢thId House MaTlboroughHiU Harrow Middlesex 14AI IUD
Sendthry Flrjt cntent$ Df the FiDaneial St*tsntr for theyt#r ended 31 2D23 Report •f the Trustees kndep¢nd¢Dt EAAnthier's Report stat¢m¢nt t)fFknxneI Aetivities BAlanee Sheet Note# to the FIDancial Slatemtnts
SecoTrdary first Rtportof the TTth8t¢ts for the year ended 31 D¢ttD)ber 2023 'rhe tSteeS are also duectors of the ¢harity for the pw8e8 of the CornpanLes Aot 2(K)6. present th¢ir r¢port with the fmth¢ial statements of the chatity for the year endcd 3 1 tkccmber 2023. The trust¢¢s hav¢ adopted the provisions vr Act()ting and Re>rttng by Ch8riti¢s.' sment of Recomm¢nd¢d Pra¢tic¢ appliLable to Ch1¢5 prepaTing theii awouuts in aCrdance the FillarLa1 ReErt Standard applicable in the UK alld RttpubJi¢ of Ireland (FRS 102) (effe¢ttv¢ l J8]w 2019). OWECTIVES AIW ACTIVITIES Sle•nt a¢th'ltl¢s The Trltte8 are please to present tbeir TePOrt for th¢ year ended 31st l)ecember 2023. the GI]ty'S ¢ighth year of operation. 8 we reported last year the operatxons of the Ch&riry have been impacted by the aftei- effects of COVlD-19, ynd the Ferfornwjce of the United Kingdom cconornv cob]ned with the Cost of Livin8 Crisis. The anl1 of disposable income aft¢r Costs bas natwally $eveIY reduced doDations to fund reb¢ah proje¢ts. The effects of BREXIT ve also beglln to have on effect in ullexFcted wa?s. Fitstly the UK Ik4s noi E¢n¢fjitted from the EU Hoiizon project lo fund research. Not only this haiE an onguing fll)an¢tdl elT¢ct but a second and nwre imllKdiate result that the UK is fI]1n il diliUlI to attra¢t r¢s¢ar¢h¢rb from tbe EU to rk heTe. This has kEn extGerbttted by thc need for tEL¢m to obtain WOTk PEttnits whi¢h in¢lude minimum eamin8s requjrements. Wc do not see any improveJMent In the Short terni. W¢ ar¢ as ever extremely grateful to all our 5L¥PPOrt¢is raised ]noney or made a donation durin8 the year. Becae the Charityha5 an extremely low Gost ba5c il reEDains Nwble, but the fill8 avd&ble for research will be limited. 2023 was i]fOre a disappointing year. Incon f¢ll back 2023 to £52.864, {£83,314 12022). The nKJst difficu]t problem bas to act]te uitable reSe¢h pro118. and wc wcre tstmble to make any Branz$ in 2023. (This has ¢httng¢d in 2024 and 18 noted lOW). After dU¢l]ng Costs of £3,703 (£4,039 12022). Grants £0, (£32.484 12022) the Chllrity nlqde a swplus in 2023 of £49.161. (£46.79]), Accordingly, the Charity elld¥d the year with totAI furds of £454.024. {£404.863). Th¢ TnL<ees have had due re8ard to tILe chltY Commission's public Ixnefit 8uidanL< whcn ¢xcr¢ising wwers and duties io which the guidance is rrl¢vLtnl. Althollgh were unable to wnunit to any ncw proj¢¢ts in 2023 we are pleased to re[1 that in 2024 have be81]n to supw)rt a newprojcGt kd by Professor Sllwk Alu is Professor of Mtsl#ul Ejthrine Oncology at linlia] College LoThdon. We Contin to enjoy th¢ Support of our patron orga$tiOn thèt nllintains our web5it¢ oll a pro-ix>uo i515. We thank thcm for their ComtInent and 8enetosity which is iftvaluabl¢. RUCTURE. GOVERNAf4cE AND MANAGEMETrIT Gov¢rnig docunt Th¢ ¢h&tity 18 ¢or*rolled by it8 8overnan8 docu1ll( a deed of tnL8Q and constitute8 a limited cornpany. ]in)ited by guarantee, as defllledby the Companies A¢t 2006 REFERENCE AND ADMINISTRATIVE DETAILS Regls¢ered nuthber 09920657 (EnBland and Wales) Regi%tered Tharity Dunther 1165614 R¢glstsr¢d offlce 18t Floor Healthaid House MarlboTOUBh Ilill Harrow Middlesex 11A1 IIJD Pgge I
SecffldAry Flr*t Report of tht Tr8¢$ for the year ended 31 D¢£¢Dther 2023 TrnJtee¥ Mr E S Chou¢ka Creativ¢ D¢tT Mrs M S Kalman Housewife MTL J Solicitor Mr J P Kft]man CharteTed Accountant Oielired) Mr8 N R RSse11 Charity CEO Ms P M Treacy Retired MrD AGrief Chief Ex¢cutiv¢ Indepd•t Exanthier Cirdnl Ha0d Lenar1D88 LLP Lhartard Accountants 1st Floor H¢alth&id House M8rlbDTou8h Hill Hatrow Middlesex HAI IUD Apwovcd by L)rdet of t )d of truste¢s on. .. . aTKI %i8ned on it5 iKhJlf by". Kalman. T1¢¢ Page 2
]ndeptndent Examiner'j Report to the Trnsttes of S¢¢•ndry Ftrst Trtdependent examlDer'# report to the trustee8 of Secondary FiTht ('the C•mpany? I report to the Gharity truste on eX&illatiO tsf the ac¢ounts of the ccJmrY for the year ended 31 De4emkr 2023. Resyon8ibilitie8 and basis of report As the ¢h&rity'S trustecs of the ComFny (and akn its dir¢ctors for the purtK)ses of comwiy law) you are i¥sponsible for thc prepAT&tion of the accottnts iti a¢¢ordan¢e the requirements nf the Companies Act 2(X)6 {'thc 2006 Act). Havhng satisfied myself that the 8CCOUTht8 of the CoThLPaDy ure not qUired to b¢ audit¢d under Part 16 ofthe 2006 AGÉ asLd are ¢li¥ible for indende I Teport in r¢spect of my examination of your charity's aC¢OWLts ds batriEd out utth stion 145 of the Chariti¢s Act 2011 I'tbe 2011 Acl). In carrying vut my ¢xaThitialiun I have lollovled the Dir¢¢tion$ given by th¢ Charity co)MiSSiOn under Section 145(5) 0)) of the 2011 Act. Independent $tatsment I have completed exatyjinatson. I confirn) that no rnatters have comc to attention in ¢omi¢ction with the exaMitiOn gin8 me to believe.. &c¢ountUL8 records not kept in rewt nf the Company a8 required by Swtioll 386 of tbe 2006 A¢t: or the accot]nts do not &ccord with tlK>se rccords. 01 the accouots do not cOPIY with the a¢¢ounting r¢quir¢m¢nts of S¢ction 396 of the 20(JS ACL otlkr thall any r¢quir¢men¢th&t th¢ a¢¢Ots give a true and fair viewMthiGh is not a matter oonsidet¢d a$ part of all independent ¢xamination: or tbe aLcoLllrts have lloi ken prepared in ordanC¢ with th¢ ntthods and principles of the Statertmt of Recommell(JfyJ PIaclice for accOUntll and rep)rtinB by charities {appliGable lo charities preparll their at¢ount$ iti a¢cordan¢e uryth th¢ Financial Rep)rtin8 StaTKlard applicable in the UK ond REpubli¢ of Irel8nd (fRS 102)). h4ve no concems aDd have ft¢ros$ other wotteTS in COT]nection with the examination to Thhi¢b thttention should Ix drawn in this report in order to enable a proper uTCrStandS of thc aOUnts to t* N¢hed. Jeremy HaTh)d FCCA Grant Harrod Lcrn]atL Dairys LLP Chknd A¢¢0rAnts l$tFloor Health&id Ho Marlborough Hdl HanL>W HAI IUD Page 3
S(%ondry Firjt StAtemtnt of Flnneid AetivltStg for the year ended 31 DeceJtther21123 2023 Unrestricted fund 2022 Totsl Notes ]NCOME AND EIyDOWMETrs FROM I)oDations and le8aGies 52,864 83.314 EXPEM)ITURE ON Ra]'si]B fimds 2,623 Chttritable a¢tivlti Grnnts atKI tstTrr eosts 32.484 1.080 1.080 Total 3.703 36.523 NET INCOME 49.161 46.791 REeoNCtLIATION OF Futws Tolal futK15 bTought ID¥waid 404,863 358.072 TOTAL TrVTr4DS CARRIED FORWARD 454.024 404.863 ThE notcs forni Fdrt of these r]nancthl ststements Page 4
Secondsry FINt Bl#nce Sbeet 31 Dettmher 202J 2023 Unrestricted (und 2022 Total Notes Cash at bank 455.104 403,943 CREDITORS Amotsnis fallllJ8 dtsts Mqthi"n one yeay (1.080) {i.u¥v) 454.024 404,863 TOTAL ASSETS LESS CURR LIABILITIFS 454,024 404.863 TrIET ASSETS 454.024 404.863 FUNDS Unrcstsioted fuj 454.024 404.863 TOTAL Fuf4DS 454.024 404,863 The eharitsble company is ¥nlid¥d to exemptivn frvm audit mIer Sect2on 477 of th¢ Cornpsni¢$ Act 2006 for the year nd¢d 3 1 2023. The members have not required th6 coJnp4ny to obtain an 8udit of its f]natt¢ial statenKnL$ for the year ended 31 Drnber 2023 sn acra#ll¢¢ with S¢ctii)n 476 of the Comptsnie% Act 2CK)6. The trLL8iee$ acknowledge their respobIlItieS for (a) ern8uring that the charitable coEpanY kys avcounting r¢¢ords tbat comply with SectiODS 386 and 387 of the Companies Act 2006 and prEPID6. f]nuniial SlEllents Hdll'¢h a te and fait vtew of th¥ 5tat¢ of alY(tiE5 ofthe charitsble Compa as at th¢ eThl of each fiAn¢1a1 year and of its swplus or &LIGii for #ch fmaDCLal year in RCCOFdatC w]th th¢ requiremenis. of Seclivn5 394 and 395 and whi¢h othenvise Comply with the reqtementS of Companies Act 2006 Irlatin8 to fJnaJcJal ststements. so far as applicable to th¢ ¢haritabl¢ ¢on)p8ry. (b) Thes¢ financ1 5tattmenis have pr¢p8red in accordance with the prnvtston$ applicable to chaEitable ¢omparnes subJ'¢¢t to the small compallie5 re8ltJLe. The fJDaJKial statents were appioved by the Board of Tn]stee8 and autborised for issue . atsd siyd on its behalfby.. on r7.4uPI• Jy / Mr J l) Kabnan. TnL8t The notes funn part of th¢sr funcial slat¢m¥tst$ Pa5
Secondary Fint Notey to the Financial StateDwnts for the veaT ended 31 December 21123 ACCOUNTING POLICIES Ba$ls of preprlng the fmancial st&temtn 'I'he Fi¢181 stalcmcnts of tbe cbaritable compkny. wht¢h ts a puhltc knelit Entity under FRS 102. have been prepared itt accondae the Chariti¢% SORP (FRS 102) 'ACCoutIn8 and R¢portin8 by Chariti¢$'. Ststement of Re¢ommeT]ded Practice applicable io ch&rities PTcpanD8 their accounts in a¢¢oTdance with the FiDallcial Reportlng Slandard applicAblc in the UK and Republi¢ of Ireland (FRS 102) leectIVe l Julluary 2019).. FillanGial Rqx>rtin8 Standard 102 The Fin8n¢ial Reporting Standard applicable in the UK and Republic of Ir¢knd' a1 th¢ compani A¢1 2006. The f]nancial have Lyen pr¢pared under tbe historical cost convention. Ineome All illcome 15 Iccogllsed in the Statement of Financial Activitie8 oncc the ¢hlty h&$ entitlement to the fwth. it 15 pN)bable thai tILe income will t received and the amount can bc rnc45Utcd reliably. Expenditure Liabilities are recowd a8 ¢xpeThJiture as soon as there is a l£g41 or WnsIntive obligation QQDJZDittiD8 the ¢h8rity to that endItuTe. it is probable tILai a trwns(er of c¢0)1¢ b¢nefits iE requited in Settlement and the 8llM)unt of the obli88tion can be rneasuted reltably. ExpendiiUt¢ is a¢cout)ted for on acctuals basi5 and ha$ IEen classif under heading5 thut aggt¢Bat¢ ttll ¢ost related tsb the category. costs Ee directly *irrtbut¢d to patti¢ular headings th¢y haTrE been allocated to aGtiwties on a basis con&istent ths use of resources. Grants offered 5ubj£ct to condition5 which have not been met at thc year eE)d date are Th)ted a$ a commiknent but
t accrlled as ex]xnth'turc. Taxatlon The charity is exempt from COOration thx on its charitable activities. Fund UDrestsicted [ld5 ¢&nbe used in a¢¢ordan¢e withthe charitable objectives at di5Gr¢tion of the trustee8. Restricted funds can oDly be used for particular restrÈcted within the objects ofthe chllrity. Restii¢tions ari5¢ specified by the donor or funds are raised for particular restii¢t¢d pwsos. FDrther explanation of the nattwe and purpose of each fund is included in the notes to fman¢ial statem¢nts. RAlslng doD*tioTh8 and kgacie$ 2023 2022 sEtsrt costs 2,623 2,959 Page 6 Contind...
seery Flnt Notes to the Financil Statements- tontlDu¢d ftyr tht)¢r ended 31 December 2023 TRUSTEES, REMUNERATION AND BENEFITS Ther¢ wekr no truste¢s' reMutterati( or other benefit$ for the year eJNkn 31 tk¢¢mbeT 2023 nor for the year endeil 31 DeCemr 2022. Trn$¢e¢$ e$¢1 There were no tTUStecs' txpen%s paid for the y¢aT eTh4ed 31 DeGemb6r 2023 nor for the ye4r ended 31 De¢cmber 2022. COMPARATIVES FOR THE STATEMEf4T OF FINANCIAL AcTIV[Es Ustil¢t¢d Ir4COME AND ENDOWMENfs FROM DonatioDs and leBacies 83.314 EXPELYDITURE ori R&isiti8 fuuds 2.959 Charitabk aetivit Cffants aT]d other costs 32.484 1,080 Total 36,523 r4ET llYCOME 46.791 RKCONCILIATION OF FUM)S Total funds brought forward 358,072 TOTAL VUNDS CARRIED FORWARD 404.863 cREDORS. AMOUNTS FALLING DUE WH[N ONE YEAR 2023 2022 AccTuals and deferrcd incoll 1,080 1.080 Pag¢ 7 ntin&..
SecothdAry First Notes to the Thanci#l Staten*nts- eontlnued for the )e4r ended JI Deeember 21123 MOVEMEf4T FUPIDS N¢t movement in fd8 At 31.12.23 At 1.1.23 Unrtjtrieted funds General fwKI 404.863 49.161 434,024 TOTAL FUNDS 404,863 49,161 454.024 Net DVernent iti ftuth. included in th¢ ab) a$ follow8.' Mtsvement resources unrr5tc1¢d funds Gencral fund 52,864 (3.703) 49,161 TOTAL Fuf41)S 52,864 <3.703) 49.161 CTrmp4r4tives for mDvement in fund% Net movcment in fund5 At 31.12.22 At 1.1.22 Unrestrieled fuDdg GerKral fund 358,072 46.791 404.863 TOTAL FUNDS 358,072 46,791 404.863 Coparative net vern¢nt iti fimds. included in the ab)ve are as follows.. Incotnin8 So(¢$ Re50urcc ¢xp¢nd¢d Ioxrement Unrestricted Gerkral fuTrJ 83,314 (36.523) 46.791 TOTAL FUNDS 83,314 (36.523) 46,791 Pa8e 8 ¢ontittd..
SELy)nd*ry FIMt Notes to the Financial Statements- continu¢d fvr the y ended 31 Deeember 2023 MOVEM IN Fuf4DS. contiTred A ¢UTrent year 12 months told prior year 12 rhontk8 Mbined position is as folloTh3.' Nel movemet in rd$ At 31.12.23 At 1.1.22 Unreytrtettd funds Gcneral fund 358.072 95,952 454.024 TOTAL FUNDS 358,072 95,952 454.024 A Current year 12 monihs alld prior year 12 months combined rct rnovemellt in funds. iluded in the aEov¢ are follows.. Inrollung r¢sour¢es R¢sources exFeThled Movement in ful Unre5¢ricted General fUj 136.178 {40.226) 95.952 TOTAL FUNDS 136.178 {40.226) 95.952 RELATED PARTY DISCLOSURES There were no related party tranwtiolls foT tkn y¢ar ¢uded 31 De¢emixr 2023. Pa8¢ 9