REGISTERED CHARITY NUMBER: 1165956 REPORT OF THE TRUSTEES ANO UNAUDtrED FINANCIAL STATEMENTS Fcft THE Y&4R ENDED 31 OECEVBER 2024 FOR COST OF CANCER Xanadin South Wales and West rnited Court House Court R¢)ad Bridgend CF31 1BE
COST OF CANCER CONTENfs OF THE FINANCIAL sTATEMErs FOR THE YEAR ENDED 31 DECEMBER 2024 Report of the Trustees 1 to 2 Independent Examinerfs Report Statement of Flnanclal Actlvrtfjes Balancè She8t Notes to the Financtal Statements 6 to 10
COST OF CANCER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present Iheir wth the financ) staiements ofthe tharity for the year ended 31 December 2024. The ttustees have adopled the PlOViSKJnS of Accounting and Rewtrig by Chartbes". Statement of Recommended Practice 8pplicab to tharibes preparing theii ar£ounts in a(Ordan wth Ihe Firbanaal Repoth9 Stafidard applicable in the UK and RepU1C of Ireland IFRS 1021 leffectNe 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The objeclwe of the charity is Ihe lEf of Ihe financBI hardship awM)ng people sufferirg from cancer through the provision of grants. The Trustees are a¥Yare of the Charity Commission hlance on public benefit and therefore look to ensure their a¢tivrties and grants promded net thts guidan togetherVth the obpctNes set out in the Trust Deed. ile continuing to try to raise lunds, the charity Injslees hlenbfied Ihat ihe nt o)st of living crisis and change in people's sorioeconornic status. led to a ieducxl level of donati($ and response io ftjnd raising events. This idenbfied the requirement for a shift in fund raising channels and me1j$. This so00ecorMIc status led to an irease in grant applK8tion5 and therebre deffHnd on th8rity resouros and as the charity continues to be run voluntarily, relth.ons business sp)$or$ to help raise its profile and finanaal income was a key target due lo their financK?I positKJn compared with individuals and their desire to raise their ovm profile in tum by supporting chartts. Business sponsorships 11 L a key focus in U)e coming year. Merchandise stk levels are suent dNerse frJkwiTrJ the frKus on expandirrfJ the online shop in previous years. however sales have been loww than wedided. therefore invèntory levels remain hNJh. A drive to sell nM)re is a fuS forthis next financkil year and social wll be channelkd for Ihis. We now have a new charity Fabcs(. buf we havenl been able lo W back the saffe number of folkwers that we had with the original one. We did not do any of OUF own events as this is our main way tsf advertising rt and we We nervous that any evenl would not be well aitended. This is an iffwrtanl fcus to resurrect the number of foik)wers as thi5 IS key Channel lor event and brand awae$S. The monthly lottery conb.nues to be a steady incorrE the chanty, though membership has plateaued. We have had a few new member5 but then sorre drop off. At the rTrJment rfs stea(ty. ACHIEVEMENTS AND PERFORMANCE Charitsble activities The thanty raised £1,635 in the w10d1223- £2,532). Gift aha was £2.754 so £4,389 in the period in total. The charity donated £7.942 to S faMilS 12023 - £11. to 6 farYulEsl. have seen a huge increase in people requesting financial support as we seern to be on fTurr*rous tsncer fonJnL%. It was realty hard to keep on top of, so we still have a waiting list. We did think this was just temporary. but il did not ease and carred on throughout 2024. We try to give peop apptying rTK)re tirlle to get appliG4tion5 bad( to us as we undetstatKI that when a patient is under90g treatrnent it ran be very tiring we rTHy need to Feduce Ihs time in orderto try and help other5 on the list. FINANCIAL REVIEW Financial po$ition The charty made a s¥Jrplus of£15,945 in the period (2- e"t £8,984). At the end of the petitid £73.08512023 - £58,449) in the bank. The chanws reserves is to keep approxirnatety 12 mollths of reserves in the bank which treaty WOL¥ld be apprOttte £12.(KK). As can be seen the charity currentty holds rTh)re than this requirement. As noled earler trE tharity is Iherebre workirKJ to gel the current waithg list down so that it ran distribute rnore grants to redu this surp5 over Ihe cotrury years_
COST OF CANCER REPORTOF THETRUSTEES FOR THE YEAR ENDED 31 DECEMBER2024 FUTURE PLANS The ch31Tty Inter to oJrrEnt Irj slart up events agan going foFwatd rbL evenls forthe charity to keepthefijrrds in. UCTUR& GOVERNANCE AND IftA14AGEPAENT Goveming document Recruitrnentand appolntmentof newlnJ5tees Decision rnaknng REFERENCEAND ADMINISTRAnVE DETAILS Regfjstsred Chaiity number 1165956 Principal addre55 Unit 8 Green Cwrt lage Farm lrnajstsl Es 8ridgETrI CF33 6BN rs N Moss Mrs E KTrma5 MTS C Barnard Independent Examiner J.Payne ACA Xeinadin Soulh Ws*KI Lintted Court PbJu5e Court Ro•1 BridgErKJ F311BE Mr$ N Moss- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COST OF CANCER Independent exafrtrnerfs POrt to the trustees of Cost of Canr I report to the charity tntstees on ry exarrinth.on ol the accoJnts of Cost of Cancer Ilhe Trustl for the year ended 31 DecettEr 2024. Responsibilf(ies and basis of report As the charity trustees of the Tnjst you are reSpI$1b1 for the weparnb.on of ihe accounts in accordance wth the requirements oftre Charities Act 2011 Ilhe Acr). l port in respect ol nry examination of the Trusfs accounts carrd out uThJer Section 145 of the Act and in carying out rny exarllination I have ft)Ik)wed all applicab Oiredions gwen by # Charity ComrnSx)n under Sectiw 14515llbl of the Act. Indepèndent examin8rfs statement I have completed my examination. I confinn that no material matters have conE to ry ailention in cDnnection wih the examination giving me (xusè to bel that n any matsllal tespecL accounting records We Th)t kept ) respect of ts Tnjst as rewyed by Secth)n 130 01 the Act.. or the accounts do not accord vKth those records." or the accounts do not Cov ¥wth the apIcab requirements C(rfMlj the lom and content of accounts set OLrt in the Charitie5 (Accounts and Reports) ReguL3tK)ns 2CKJ8 other than any requitetnent that the accounts give a ttue and faireW whth is not a matter consKlered as part of an independent examination. I have no concems and have cOe across rto olher tterS in cxjnnection wth the exaryxnation to ¥thich 8ttention should be drawn in this report in order to enab a pioper undefstanding of the accounts to be reached. J.Payne ACA Xeinadin South Waks and West LFnNted Court House Court Road Bridgend CF31 18E Date.. ,19 |
COST OF CANCER STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Un$trted fund 2023 Total fund5 Notes INCOME AND ENDOWMENTS FROM Donatr'ons and legacies 4,389 2,532 Othei fundraising Income Investment income 23.277 4.657 925 Total 29.668 8.114 EXPENDITURE ON Raising funds 3,100 2,890 Charitable activities Grants Pard 13,284 (Xher 1.321 924 Total 13,723 17,098 NET INCOMEIIEXPENDITUREI 15,945 {8,9841 RECONCILIATION OF FUNDS Totsl funds brougm fOard 56,299 65,283 TOTAL FUNDS CARRIED FORWARD 72.244 56,299 The notes forrn part ofthe5e finanual staterTEnts
COST OF CANCER BALANCE SH 31 DECEMBER 2 2024 Unrestricaed 2023 CURRENTASSETS 30D 73.085 300 58,449 Cath at bank 73.385 58.749 GREDITORS {1.1411 P.45Ql NeTCURREKf ASSETS 72244 299 TofALASSETS LÉSS CURRENT LIABILMES 72244 56299 Ngr ASSErs 244 56,299 FUNDS Unre5trided1L S6299 TOTAL FLINDS n244 56299 N Moss. TrL*t8e
COST OF CANCER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AccouMnNG POUCIES Basis of preparing the financial statements The finawial statements of the charrty, which is a Lefft enty under FRS 102, have been ptepared in accordan wrth the Charibes SORP IFRS 1021 AccountiThJ and Reporting by Charibes.. Statement of Recommended Pr3Lice applicab to chariDes preparrtg their acoiunls in accordance with the Financial Reporting Standard applicable in the UK and Republic of IreLand IFRS 1021 leffeth.ve 1 January 20191,, Financial Reporring Standard l(r2 The Finanuaj Rerling Standard applicab in the VK and Republic of Ireland. and the Charities Act 2011. The ffinancial ststennts have been prepared under the histoncal cost convention. Income l income is recognised in the Statent of Finanoaj A.leS Or Ihe dwrrty has ente[Tnt to funds. it is probable Ihatthe income VAI re¢wved and Ihè am¢)untran IR rre85ured reliabty. Expenditure Liabililies are rerA)gnised as exFenditure as SCKJn as the is a al or $ttive obligation corrmitting the carity to that expenditure, il is probable that a transfer ol economic benefits wll be requi in settlement and the amount of the oblig2bon Lzn be measured relk3bty. Expenditure is accounted for on an accruals bags and has been dassified under headir%Js that aggregate all cost ated to the (xtegory. Vthere costs cannot be direcly attributed to paFli(yJlai headings they have been alloc8teil to on a basis ccfflsisient with the use of resour$. Grants offed subject tts ¢onditK)ns have not been nt at the year end date a noted as a commitment bul Th)t acuued as expenditure. Taxation The chanty is exemptfrom tsx on rts tharitalAe a(knbes. Fund accounting Unrestricted funds c2n used in a(rA)r[lan ryth the driable otriethve5 at the discxetion of the trustees. Restricted lunds (xn onty be used for partfAJlar restricted pury)oses wthn the objecls of the charity. RestrK*ions arise when by Ihe donor or when fvnds are raised for particular reStrted purposes. Futher explanation ofthe nature and purp)se ofeath fijnd is ded in the Th)les to the finanaal statements. Cash The Charity defines cash a5 those anntS held as cash and in bank atthe year end. continued...
COST OF CANCER NOTES TO THE FINANCLAL STATEMENTS_ continved FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 2024 2023 Donations Gift aid 2,532 2.754 4.389 2,532 OTHER FUNDRAISING INCOME 2024 2023 FundraisirKJ events Income from sale ofgood5 Sorial lotteries 20.559 2.078 2,572 23,277 4,657 INVEsTNT INCOME 2024 2023 Deposit account interest 2.002 925 SUPPORT COSTS Finance A(£ounlancy Totals Other resources expended 1,320 1,321 The accountanfs fee for asststance in conyiling the axxxjnts is £1,140 indudfj)g VAT. The charity does not have any employees12023." Nill. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. rernuneran CK other benefits for the year eThJed 31 December 2024 nor for the year ended 31 Decembei 2023. continued...
COST OF CANCER NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, REMUNERATtON AND BENEFrrs- conlfjnued Tru51ee$' expenses No expenses were paid to trustee5 in the year{2023- EN). DEBTORS.. AMOUNTS FAWNG DUE V4ITHIN ONE YEAR 2024 2023 Other deblors 3(KJ CREDITORS: AMOUWts FALLING DUE VItTHIN ONE YEAR 2024 2023 Trade cre(litors Other creditors 470 1.141 1.141 2,4XI MOVEMENT IN FUNDS Net [)Vement in fvnds At 31.12.24 At1.1.24 Unrestricted funds General fund 15,945 72,244 TOTAL FUNDS 15.945 72.244 Net rrK)vement fijnds. wduded in the atmwe are as folk. In(x)rning resources Resources expended Moven*nt in funds Unrestrlcted funds General fund {13,7231 15,945 TOTAL FUNDS 29.668 113.7231 15.945 ntinued..
COST OF CANCER NOTES TO THE FINANcL STATEMENTS- ContiLd FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net verront in fijnds At 31.12.23 A11.1.23 Unrestricted funds Genera5 fund 65.283 18,9841 56,299 TOTAL FUNDS 65,283 {8,9841 56,299 Compaiative net rTh)veErEnl in tsnds. inckhyed in the above are as fr)IlTrws'. Incoffling res4yJrces ReSoUrS expended MovertEnl in fvnds Unrestricted funds General fvnd 8,114 117,0981 18,9841 TOTAL FUNDS 8,114 {17,0981 18,9841 A Current year 12 months and prioryear 12 rrK)nths ciMrt)ined p05itrJn is as follows: Net vement in ftrrKIs At 31.12.24 At 1.1.23 Unrestricted funds General futKI &5.283 6.961 72.244 TOTAL FUNDS 65,283 6.961 72.244 A current year 12 rnthS and year 12 n)Jnths con4ned net rmverrnt in fvnds, induded in the at)ove are as follows". In(Jyrdr Resources expended Movernent in frJThJs Unrestricted funds General lund 37,782 130,8211 6.] TOTAL FUNDS 37,782 130,8211 continued...
COST OF CANCER NOTES TO THE FINANCIAL STATEMENTS - continwl FOR THE YEAR ENDED 31 DECEMBER 2024 10. RELATED PARTY DISCLOSURES There were no related party transactions for theyear ended 31 December 2024. 11. GOVERNANCE The tharity is an unincorporated tharity, set up aThJ adrrin¢stered wa a deed of trust -11>