Charity registration numbor 1167783 GRACE KELLY CHILDHOOD CANCER TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
GRACE KELLY CHILDHOOD CANCER TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees V E Billlngs A Stallard D Wilkins N Francls S Rosa T Marlow-Jones Senior management Dr J Kelly K Grindon Charity number 1167783 Prlncipal addres8 and reglstergd offlco Cowsden Hall Cowsden Hall Farm Cowsden Upton Snodsbury WR7 4NZ Indepondent examiner Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS Bankers Natwest Worcester Cross 1 The Cross Worc88ter WR13PR
GRACE KELLY CHILDHOOD CANCER TRUST CONTENTS Page Trustees, report Statemenl of trustees, responslbilitie8 Independent examlnevs report 10 Stalement of financlal a¢tlvltles 11-12 Balance sheet 13 Notes to the financial statements 14-27
GRACE KELLY CHILDHOOD CANCER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 The trustees present their annual report and financial statements for the year ended 30 June 2025. The financial statements hav8 been prepared in accordance with the accounting pollcles sat out in note 1 to the financial statements and comply with the ¢harlty's constitution, the Charities Act 2011 and "Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to charities preparing their 8ccounts In accordancg Wlth the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). objecve$ and actlvities As worded in the charÉtls constitLrtion, the Grace Kelly Childhood Cancer Trust aims to promote and protect good health among children, by raising funds and allocating them to meet Its specified objectives which are: a. Raising awareness of chlldhood nCerS. b. Providing funds or grants for research into the causes of and treatment of aggresslve childhood cancers, including malignant rhabdold tumours. c. Provision of dlscretlonary grants to aid the specific treatrnenl of individual cases of chlldhood cancer when not available withln the NHS, d. Provision of support for families affecled by childhood Cancer. The Truslees confirm that they have referred to and had regard for the gUIdan contained in the Charlty Commlssion's general guidance on publlc ben@fft wh8n reviewing the Trust's aims and objectives and in planning fvture activities for the charity. Poll¢y on research grant making The Trust's research grant poll¢y ensures that funds are directed toward th8 mosl impactful research on childhood cancers, particularly rare cancers that are cuentlY underfunded. The aim of the charity Is to fund research into better and kinder trealments for chlldren, speclfically targetlng rar& cancers, which are currently considered to be under-researched. We are proud to be an AMRC registered research charity. Thls means that we have our own Research Advisory pan61, and we fund all our research through a rigorous revlew process involving experts to ensure that only the highest-qtsality research r8C81V8s funding. Volunteer contribullon We extend heartfelt thanks to our volunteers for thelr Invaluable contributions over the past year. From assisting with fundraising events to managing donation collectlons and sourcing raffle prizes. our volunteers have made a tanglble impact. We deeply appreciate their wonderful support. A¢hlev8monts and perfomiance Summary of the maln a¢hlevem8nts to thls yoar D88Pite challenglng economic conditions, the Trustees are pleased with the chariiy's position at the end of our ninth full year. lIe our Income was slightly above expectatlons, th8 d8mand for our servlces continu8S to grow significantty, brlnglng with it rising costs. This mean5 we wlll need to continue growing our Income. as we move into the next charlty year. Our team currently has seven members. wlth an eighth joining shortly. Thr8e of our 8mployees (soon to be four) work In our Family Support Team, provlding 8SS8ntial help to famllles when they n8ed it most.
GRACE KELLY CHILDHOOD CANCER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Slgns and symptoms awareness Thls year we distributed another 504,000 signs and symptoms awar6ness cards to famllies across the UK. Many of those went into Personal Child Health Records ("red books"). Slnce starting this project, our awar8n@ss cards hav6 r6ach8d over three mllllon families. Based on nalional cancer Inclden¢e (childhood cancer affects one child in every 450 before th61r 15th blrthday), we estlmate this could have hglp6d more than 6,600 families who will have a child diagnosed with cancer in Childhood, These cards glve famllles the knowledge to seek medl¢al advl¢e sooner. which can make a real difference to outcomes. We also contlnue to supply our "red flag8° cards for clinicians across the UK and Ireland. Thls year we worked wlth Red Whal@, a leadlng GP tralnlng provider, to update their cancer re80urces for children and young Feople. These updates have b88n clrculated to 44,000 GPS and healthcare professlonals. Publicatlons Since the Trust began, we have produced 20 infomiation booklets for familles affected by Chlldhood cancer and collaborated wlth partners on a further 3 aimed at healthcare professionals. W@ ar8 proud to have retalned our PIF TICK accredltallon for the thlrd year running, showing that our re60urces meet the highest standards for accuracy. clarity. and trustworthiness. Thls year, followlng feedback from families. we launched two new titles: My Brother has Cancer and My Slster has Cancer. Thesa have bean dlslrlbuted to treatment centres across the UK. Over the past year, another 6,200 booklets have b&en ord8r8d, taklng our total dlstrlbutlon to over 60,000 to date. Our resources have also reached an intematlonal audlence, with digital downloads recorded from countries Indudlng the USA, Australla, Chlna, and Israel. Several of our booklets have been translated into Arablc, Chlnese, and Malay by professlonals abroad, enabllng local use In diverse communities. Research Continued research into rare and aggresslve chlldhood Cancers Is vital to improve survlval rates in chlldren. The Trust prioritises research that could potentially have a direct dlnlcal Impact or could contribute to altering future treatments and their monitoring for children. We continue to value our partnershlp wlth Sarcoma UK and were pleased to joln them at Birmingham Lkniversity this year to see first-hand the progr8ss of a vital research project. Led by Dr. Camela De Santo, the study is focused on Improving treatment outcomes for children and young people dlagnosed wlth sarcoma, rare and complex cancer that can develop in various tissues including muscle, bone, and fat. This groundbreaklng project explores the potentlal of Immunotherapy, an Innovalive and evolvlng approach to canr tr8atment. Durlng our vlslt. It was encouraglng to see the advances being made, with th8 research showing real promise in changlng th8 way sarcoma Is treated In chlldren. The project has made Signlficant strid88 and is on track to reach compl8tlon lat8r this calendar year. Thls year, we were proud to award almost £200,000 In research funding to support two promlslng new projects. The flrst project led by DrAlejandra Bruna at The Institute of Cancer R8search In London was awarded £100,000 over 3 y8ars. The project focuses on hepatoblastoma - the most common bul underfund8d form of chlldhood Ilver cancer. Over three years, the team wlll Invesgate how certain rare liver cancers 8volve durlng treatment and develop reslslance. By deepenlng our understandlng of the biology behind these diseas8S, the proleot alms to pave thg way for more targated, effectlve theraples. offerlng renewed hope to familles faclng these1rf8-threatenlng dlagnoses. We were also pleased to award £99,486.66 to a second project, (in partnershlp with Th8 Brain Tumour Charity), which wlll be18d by Dr John Apps at the Unlverslty of Blrmlngham.
GRACE KELLY CHILDHOOD CANCER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Family Support Servlce Our Family Support Service has now been running for almost four years, havlng grown from informal, ad-hoc help offgred during the COVID-19 pandemiG into one of the Trust's Core seNices. The team now consists of three dedicated Family Support Workers, with a fourth due lo joln in th6 coming year. Demand for Ihe $8Nice has continued to rise. Following a 690/0 increase in referrals the prevlous year, we have seen further steady growth in requesls for help. In the past 12 months. the team has carried out 521 visits to homes, hospitals and schools across Worcestershire, Herefordshlre, and Gloucestershlre. The86 Visits, alongside ongoing telephone and online contact totalled almost 2,500 dlrect support interactions with famili&s. Our approath is fl8xibl8 and individualised. Family Support Workers provide emotlonal support to thildren undergoing treatment, their siblings, and thelr parents. This can involve slmply Ilstenlng at a tlme when families feel overwh@Im8d, helping siblings undersland and process what is happenlng, or offerlng praclical advice about coping wSth daily lif8 during and after treatment. Practical help may Include Ilalslng wlth schools to support a child's return to education, arranging hospital visits to offer reassurance, or slgnpostlng to other spedalist Sgrvic8s. We also run family meet ups, providing families opportunities to connect wlth others who understand their exp8riences. We work ¢los&ly wilh local medical teams, hospices, and educational staff to ensure thal famllles recelv8 joined-up, hollsllc support at 8V8ry Stag8 of their joumey. Importantly, there is no set time Ilmlt on the help we offer. families can continug lo receive support for as long as they feel it Is needed, and they are always w8l¢om8 to retum if circumstances change. The difference thls makes Is best expressed by the families themselves.. A parent support6d by the Trust recently told us.. "I can't put into words how absolutely plvotal to our journey the support from GKCCT has been. At the worst tlme In our lives, they were there to provlde comfort and support. They understand that a cancer diagnosls h9s a huge ripple effect throughoLrt the immediat8 and wider family. They have provided fantastic support to our son's older slbllng who really struggled throughout and beyond his treatment. My only wlsh would be that everyone in the country had access to such a fantastlc support system such as the one GKCCT provides,..we are v@ry lucky to have them." Another famlly shared., "Whilst in hospital my daughter and I were isolated from the rest of the family, having [our suppcrt worf(&r] visit was a well needed fiiendly face. Even after hospital the support has continued, oth8r organisallons dropped off at this point, but GKCCT did not, we feel this has been so valuable In helping us navigate the next part of my daughter's and family's cancer joumey.. Understanding that every famlly's needs are dlfferent. we don't set a fixed timeframe for our support. Our help remains available for as long as famllles requlre It, and they can retum to us at any time rf they need extra assistance. Flnanclal and Practlcal Support A childhood cancer diagnosis places not only emotional straln on a family but also an immediate and often unexpected financial burden. From the polnt of diagnosls. we provid8 praGti¢al help alongside emotional support. Every family receives a specially prepared diagnosis support bag containing useful it8ms for ho8Pltal stays, as well as a non-means-tested grant to help ease the initlal Impact of travel Gosts, loss of 8arnings, and other expens88. We recognlse that the flnandal Impact can be ongoing, 88P8cially when treatment is prolonged, or when a chlld relapses. In these sltuatlons. and In Ihe sad event of bereavement, we offer additional financlal support to help famllies manage day-t&day expenses, funeral costs, or other urgent needs at an incredibly challenglng tlme. During Ihe past year, we distributed £44,500 In dlrect financial support to fami118s across Worcest6rshlre, Herefordshire, Gloucestershire, Monmouthshlre, Powys, and Devon. These grants are funded through the generosty of our Ladyblrd Hero Funds, Be More Frank and Blffs Batt18, set up in memory of Frank a1 Elizabeth, whose lives were sadly lost to cancer. The Be More Frank Fund has also gnabled the provision of contingency grants for famllles faclng sudden or acute financlal dlfficultlgs, offering a safety net when it is most needed. We are so grateful to Be More Frank and BIITS Battle for making thls possible.
GRACE KELLY CHILDHOOD CANCER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Financial support Is always provided alongslde ongoing emotional and pra¢fl¢al help from our Family Support Team, ensuring that famllles are not only given financial breathing spac8 but also the reassurance of someone walklng alongside them throughout thelr chlld's cancer Joumey. Rhabdoid Support Our onllne support group for parents of chlldren diagnosed wilh rhabdold and other rare, aggressive childhood cancers has been runnlng for over five years and now includes more than 340 members worldwide. This group offers a crucial space for nneCtIOn and mutual support for the parents and carers of chlldren affected with this cancer type which is partlcularly challenglng to treat. It enables members who can be very Isolated In thelr own country the abillty to connect with other people going through slmllar challenges and offer on8 another support and hope. AVI Robots for Chlldren with Cancer Our AV1 avatar robots continue to revolutlonise how chlldren wlth cancer stay conneGted durfng prclonged periods away from school. Acting as th@ir ayas, ears, and vol¢e In the classroom, these robots help chlldren malnlaln frlendshlps and be part of everyday school life, 8van whan oonfined to a hospital bed or home. Over th8 past year, 14 more children have benefitted from this technology, brlnglng the total supported through th8 AV1 proJeGt to 57. The Impact extends beyond the Individual chil(k-famlll&s galn reassurance knowing their chlld remains connected, and classmales benefit from sustaining those important relationshlps. One of our famllies who has us8d an AV1 said, °For IRJ tt has been a game changer, especially as he hadn't attended school for a long time... It has enabled IR] to really reconnect back wlth his class friends, lots of social connection but also to get a Yeel, of what school life is like again. Inillally w8 were uslng the robot for 15 minutes at a time here and th8r8 across the week, but now we use tt frequently for much longer, AV1 has also allowed a smooth transition back to school which he has now started. thout his AV1, IR] would hav8 found transitlon back to school much harder and daunling. H8 was able to take part In lessons, the children would take it out for braaktlmes, lunchtlmes and assemblies.. As parents, we can't quite belleve the Impact that AV1 has had on IR] and his wellbeingl It15fted [Rl, we could see those pockets of happiness again and even outslde of AV1. [R] has started to reconnect with hls ffiends through online gaming and daily te18phone calls. We really can't thank Grace Kelly Childhood Cancer Trust enough - we absolutely feel so blessed for thls opportunity through AV1 and we hope that every child in this situation is able to really benefit from such a 10 out of10 resourcel. A school whlch has used one of ourAV1 robots for thelr pupll said. 'The AV Robot has enabled us to connect wlth a Ghild who would otherwlse have been isolated from his peers and learnlng. It means he has been able to exp6rience primary school actlvltles from lunch to play to P6rfomianGes that otherwise he would have missed out on. It has been a Godsend, and the chlldren love iti. This year, we have also provided tablet devices to four additional children, helplng them stay connected with classmates, teachers, and frlends. These tablets offer more than Just a way to learn - they bring comfort and sense of normalily during tlmes of Illness and separation from home, easing the challenges of treatment and isolation. Advocacy This year, as an Increasingly recognised trusted authorlty, we were proud to contribute to several key Inltlatlves, Includlng a Parliamentary R8C8plion at the House of Lords and a Department of Health and Soclal Care workshop In Westminster to help shape th8 national 10-Year Cancer Plan. We also continue to S8lV8 on the deslgnatlon ¢ommlttee for the Tessa Jowell Centres of Ex¢8118n¢e for chlldhood braln tumour8 and remaln active members of Cancer52. con-tributlng to the Inequalities and Policy Worklng Groups, as well as the Children's Cancer Coalitlon. Collaboratlon remalns central to our work, driving progress through shared expertlse and untted advocacy.
GRACE KELLY CHILDHOOD CANCER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 EXPERIENCE GAINEDAND EMBRACING CHANGE The past year has b68n one of real progress and posltlv6 ¢hange for the Trust. Our small but committed team has contlnued to work hard to deliver and develop our core seNices, while adaptlng to new ways of working. Their dedication has not only helped us move forward bLrt has also encouraged others to support our cause. With no regular statutory fundjng, we continue to rely entirely on the gan6rosity of fundraisers. corporate partners, trusls, and the famllles we support. Thoir backing remains vital to everything we do. Over the last 12 months, we have made significant changes behind the scenes, improvlng Internal proc8sses so we can work more efficiently and make better use of our tlme and resources. One of the most significant steps fOard has been the fomialion of our Senior Leadershlp Team-bringing greater focus, structure. and strategic thinking to our work. Followlng the recruitment of our Income Generation Manger we have reviewed our Fundraising activity and In¢oMe streams to ensure we are maximising retum on inv8Stm8nt, and each pound has the bigg88t impact. The success of the Greatest Show Ball and our annual Treecycling campaign showed us just how powerful this approach can be - both events exceeded expectations, and we are looking forwards to growing them further in future years. Flnanclal roview Th6 results for the year are set out in the financial statements commencing on page 11. The flnandal statements show net income of £295,664 (2024: net expenditure of £11,652), Total funds at th8 end of the financial year amounted to £1,463,849 (2024: £1.168,185). The chariiy has fvnds which are accounted for under three headings: restrlclad, designated, and unresiricted (fre8). R8stricted reserves of £289.399 (2024: £200,726) conslst of funds ring-f8nced to finance partlcular projects and cannot be used for any other purpose. Designated funds are those unrestricted funds that trustees hav8 agreed to set aslde lor specific purposes. This currently equates to £879,502 (2024: £718,772) In total. Unrestricted funds of £294,948 (2024: £248.687) represent the free reserves of the charlty which can be used at the dlscretlon of the trustees. Reserv88 policy Th6 Charity is commltted to maintaining an unrestricted contlngency reserve equivalent to at least 60Qh of the following year's projected total expenditure. This reserve ensures coverage during periods of reduced incom8 or un8xpected costs. A key objective of the Charity is to support relevant research, whlch often requires signiflcant fundlng. Medical research projects are resource-intensive, with a minimum of £100,000 typicalty needed to complete a dlstincl body of work. Larger projects may require substantially more, and as such, the Chariiy aims to bulld Its reserves over time to fvnd appropriate research. Many research projects span three years, and annual researth grants are disbursed contlngent on satisfactory progress reports, meaning funds for fLrture years must be retained until needed. Consequently, the Charity's reserves may fluctuate based on the timing of grants. Research grants are excluded from recurrent cost calculations when detemilnlng reserve requirements. As of 30 June 2025, the tTUStees confirm that reserves are in accordance wlth thls pollcy. InVtment pollcy summary A low-rlsk approach has been taken. The Charlty wlll seek to place surplus cash on depostt to ensure liquidity whilst mlnlmlslng rlsk
GRACE KELLY CHILDHOOD CANCER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Plans for futuro perlod8 LOOKING FORWARDS The year ahead marks an ex¢lting new chapter for the Grace Kelly Childhood Cancer Trust. This December, we will be moving into a new office spacH slgntficant step foTward for the charlty. The relocation will provide the addltional Space we need to support our growlng team and enhance the way we d@Iiv8r our Se1$. December wlll see the launch of our lalest awareness campaign, helplng to shlne a Ilght on the slgns and symptoms of ¢hlldhood cancer and reach more families across the UK Our new premlses wlll Include a dedlcated area for our Famlly Support Team, Thls wlll also enable us to extend our remote support to familles livlng further afield, while continuing to offer in-pgrson support where possible. As demand for our services remains hlgh, thes8 changes will help us respond more flexlbly and reach ev more famllles in need. We are also preparlng to launch a new carnpalgn focused on reduclng the Isolatlon experlenced by many families affected by chlldhood Cancer. Whether due to long hospstal stays, time away from school, or limited social contact, isolation can have a lasllng impacL Thls Campalgn alms to create stronger opportunltles for connection, belonging, and community. At th8 Same tlme. we are strengthening our partnerships with hospltals and healthcare professionals both locally and nationally. We believe that collaboration is key to ensuring familles recelve the best posslble care and support from the moment of dlagnosls. Over the next year, we will continue to Invest In awareness-raising activities and op8n new rounds of research grant fundlng, helping to improve early diagnosls and drlve better outcomes for children with cancer. With a growing team, renewed energy. and the continued backing of our incredible supporters, we are looking ahead wlth hope, amblllon. and a strong sense of purpose. strnctureg governance and management The Grace Kelly Chlldhood Cancer Trust Is a registered charity, controlled by Its constitution contained in the Trust deeds, dated 7 Aprll 2016. The charity was fomied and entered in the reglster of charitie5 on 22 June 2016 as Charitable Incorporated Organlsatlon. The Trust was established in memory of Grace Ellzabeth Kelly, who passed away in 2014 at the age of four after developing a rare form of cancer. Our primary ob]ectlves are to help save the Iiv8s of chlldren wlth cancer through promotlng earlier diagnosis, educating medical professlonals about the signs and symptoms, and fundlng vltal research. We also provtde support to families as we strongly belleve that no family should hav8 to face chlldhood cancer alone. Our growing Famlly Support Service offers face to face emotional, practlcal, and financial support to families in Worcestershire, Gloucestershlre, and Herefordshlre. We also provlde grants to famllies affected by thildhood cancer in Powys, Monmouthshlre, and parts of Devon. In addition, nationally, we provide assistance to families affected by rhabdoid and other slmllar aggresslve tumours, offering financlal support and running an online community. We produGe medically revlewed Infomiatlon booklets for famili8s affected by chlldhood cancer, ensuring they receive accurate and timely Informatlon. The Trust is actively engag8d In m8di¢al educatlon, collaboratlng with general practitloners. paedlatrlclans. nurse practltloners, health vtsitors and other professlonals. Our educational resources play a signlficant role In supportlng early dlagnosis, enabling timely inteentIOnS and optlmal care. We are increaslngly recognlsed as a trusted aulhorlty. uniquety bridging the gap beeen famllles, healthcare provsders, and pollcymakers. As a parent-led organlsatlon with medical expertise, we bring both Ilved experfence and professional insight to national conversatlons. Childhood cancer and other rare or less common cancers are too often overlooked. We contlnue to advocate strongly, alongslde leadlng charities and govemment bodies, to ensure these communltie8 are represented and their needs addressed.
GRACE KELLY CHILDHOOD CANCER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 The trustees who served during th6 year and up to the date of signature of the financlal statements W6re.' V E Billings A Stallard D Wilkins N Francis S Rose T Marlow-Jones Govemance New trustees are elected by exisllng trustees and Serve a thr@e-y8ar temi, wilh the option of reappolntmenl. The charity's constitution specifies a minlmum of three truste8s and a maximum of twelve. The Board of Trustees meats bl-monthly to det8miin8 th8 Strategic direction of the charlty, focuslng on research grants, reserves. rfsk management, and performanc8. Day-to-day operations are delegated to the Chief Executive Officer and the Marketing and Operations Manager. As of 30 June 2025. the Board comprfsed six members. Recrnitment and appolntment of new trustees Truslees are appointed based on the charfty's needs, considering the skills, time comrnitment, and allgnment with our objectives. The exlstlng trustees o)mply with the ICSA guide, 'Recruitment, Appoinlment and Induction of Charity Trustees," and we brief new trust8es on the history of the chaTity and the powers and responsibility of the trustees. All new trust888 receive the Trust's constitution, tNstee handbook, and Charity Commission's guide The Essentlal Trustse.. What You Need to Know. Upon appolnlment. trustees sign a declaration, complete a self-disdosure form, undergo a DBS check, and are provided wlth the mlnutes of the previous three meelings, along with a(xess to all relevant policles. Trustees are required to dlsclose all relevant Interests and register them and must wlthdraw from speofic decisions where a conflld of interest arises. Pay pollcy and staff All salarfes are delermined based on markel conditions, skill requlrements, charlty slze, and salary levels necessary to attract qualified staff. Prin¢lpal rlsks and uncortalntles The trustees have consldered the major rlsks to whlch the Gharity Is exposed and have ensured systems and procedures are In place to manage them. The prlmary operational risk is whether research grants will effecflvely advanc8 knowledge 8nd treatment of rare or aggressive thildhood canc8rs. To mitigate this risk, an iidependent Research Advisory Panel reviews all appllcatlons In collaboralion with accrgdited scientific experts to ensure grant application are properfy scrutlnlsed. The Trust also retalns staff wlth sufflcient medical knowledge to understand grant proposals, ensurlng funding is allocated to the most approprlate projects. Whlle risks in rnedical research cannot be entirely elimlnated, these measures provtde slgnlficant safeguards. Additional rlsks are managed through comprehensive policies covering finances, employment, and the awarding of grants.
GRACE KELLY CHILDHOOD CANCER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 The twstees, report was approved by the Board of Trustees. V E Billings Chalr of Truste88 21 January 2026
GRACE KELLY CHILDHOOD CANCER TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025 Th@ trusteos are responsib16 for préparing the Trusle8s' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law appllcable to charities in England and Wales requlres the trustees lo prepare financlal ststaments for each financlal year whlch give a Irue and falr vlew of the state of affairs of the charity and of th6 incoming resources and appllcation of resour¢8s of the ¢harlty for that year. In pr8paring Ihese financial statements, the truste8s are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any materlal departures disclosed and explained in the financlal statements; and prepare the finan¢lal statements on the golng concern basis unl8SS it is inappropriate to pr&sum@ that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wlth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the INst deed. Thay are also responsible for safeguarding the assets of the charlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and olher Irragularltles.
GRACE KELLY CHILDHOOD CANCER TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE KELLY CHILDHOOD CANCER TRUST I report to the trustees on my examination of the financial statements of Grace Kelly Childhood Cancer Trust (the Charity) for the year ended 30 June 2025. Responsibilltles and ba$ls of report As the trustees of the Gharlty you are responslble for the pr8paration of the financial statements in accordance with the requirements of the Charities Aci 2011 (the 2011 Act). I report in respect of my examinatlon of the charlty's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the appllcable Directions given by the Charity Commlsslon under sectlon 145{5)(b) of the 2011 Act. Independent examinerfs statement Since the charity's gross Income exc8&ded £250,000 your examlner must be a membar of a body Ilsled in s6Ction 145 of the 2011 Act. I confirm that l am quallfled to und6rtak8 th8 examinallon becaus8 l am a Memb of The Inslitute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept In respect of the charity as required by section 130 of the 2011 Act. or the financial statements do not accord with those records. or the financial statements do not comply with the applicable requlrements concernlng the fomi and content of accounts set out In the Charitles (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts glve a true and falr view which Is not a matter consldered as part of an independent examlnation. I have no concerns and have come across no other matt8rs in connectlon with the examlnatlon to which attention should b8 drawn in this r8POrt in order to enable a proper understanding of the financial statements to be reached. Sarah J. Morfoy ACA Kendall Wadley LLP Granta Lodge 71 Graham Road Malvem Worcestershlre WR14 2JS Dat8d'. 21 January 2026 10-
GRACE KELLY CHILDHOOD CANCER TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 Current flnanclal yèar Unrestrictsd Unrestrlctad funds funds general daslgnatsd 2025 2025 Restricted funds Total Total 2025 2025 2024 Notes Incomo and endowment$ from: Donations and legacies Other trading actlvltles Inveslments Other Income 260,909 6,212 7,926 400 185,654 408,766 853,329 6,212 7,926 400 515,820 3,128 8,153 100,000 Total income 275,447 185,654 406,766 867,867 627,101 Expenditure on: Raising funds Charitable actlvities 78,849 96,373 596 317,497 79,445 492,758 101,677 537,076 78,888 Total expendlture 175,222 78,888 318,093 572,203 638,753 Net incomellexpendltura) 100,225 106,766 88,673 295,664 (11,652) Transfers between funds 14 (53,984) 53,964 Net movomgnt In funds 46,281 160,730 88.673 295,664 {11,652) Roconclllatlon of funds: Fund balances at 1 July 2024 248,887 718.772 200,726 1,168,185 1,179,837 Fund balances at30 June 2025 294,948 879,502 289,399 1,483.849 1,168,185 11
GRACE KELLY CHILDHOOD CANCER TRUST STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 Prlor financlal year Unrestrlcted Unrestrictsd funds funds general designated 2024 2024 Rostrictgd funds Total 2024 2024 Not88 Income and endowments from: Donatlons 8nd legacies Other trading activities Investments Other Income 170,750 3,128 8,153 100,000 1,937 343,133 515,820 3,128 8,153 100,000 Totsl Income 282,031 1,937 343,133 627,101 Expendlture on: Ralslng fjjnds Charltable acllmlles 100,529 149,077 1.148 376,136 101,677 537,076 11,863 Total axpendlture 249,606 11,863 377,284 638,753 Net Incomel(expenditure) 32,425 (9,928) (34,151) (11,652) Transfers beeen funds 14 (101,656) 112,328 (10,672) Nat movement In fund8 (69,231) 102,402 (44,823) (11,652) R8¢onclllation of funds: Fund balances at 1 July 2023 317,918 816,370 245,549 1,179,837 Fund balances at 30 Jun8 2024 248,687 718,772 200.726 1,168,185 12-
GRACE KELLY CHILDHOOD CANCER TRUST BALANCE SHEET AS AT30 JUNE 2025 2026 2024 Notes Fixed assets Intsngible assets Tangible assets 15 16 956 3,581 3,880 8,530 4,537 12,410 Current assets Debtors Cash at bank and in hand 17 57,588 1,407,880 11,551 1,149,331 1,465,468 1,160,882 Credttors: amounts falllng due withln one year 18 (6.156) {5,107) Net current assets 1,459,312 1,155,775 Total net a88ets 1,463,849 1.168.185 Funds of the charlty Restrlcted funds 20 289,399 200,728 Deslgnated funds General unreslrlcled funds 21 879,502 294,948 718,772 248,687 1,174,450 967,459 1,463,849 1,168,185 The financial statements were approved by the Trustees on 21 January 2026 V E Billings Chalr of Trustses 13-
GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accountlng pollcles Charlty Informatlon Grace Kelly Childhood Cancer Trust is a charlty r6glstered in England and Wales (charity number. 1167783). The reglstered address is Cowsden Hall, Cowsden Hall Farm, Cowsden, Upton Snodsbury, Worceslershlre, WR7 4NZ. 1.1 Accountlng conventlon The finanotal statements have been prepared In accordance with the charitls goveming document, the Charlties Act 2011, FRS 102 "Th8 Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland" and the Charilles SORP "Accounting and Reporting by Charltles: Statement of Recommended Practice applicable to charities preparlng thelr accounls in accordanc8 with the Financlal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102)" The charity Is a Public Benefil Entlty as defined by FRS 102. The flnancial stat6m&nts have departed from the Charltles (Accounts and Reports) Regulations 2008 only to the extent required to provide a tru8 and fair view. Thls departure has Involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the verslon of the Statement of Recommended Practice whlch 18 referred to in the Regulations but which has since bean wlthdrawn. The financyal statements are prepared in sterling, which Is the functlonal currency of the charlty. Monetary amounts In these financial statements are rounded to the nearest £. The flnanclal statements have been prepared under the historical cost convention. The princlpal -accounting policies adopted are set out below. 1.2 Going concèm At the time of approving th8 finandal statements, the trustees have a reasonable expectation that the chatlty has adequate resourc@s to contlnue in operatlonal exlstence for the foreseeable future and that there are no material uncertainlies about its abllity to continue. Thus the trustees contlnue to adopt the going concem basls of accounting in preparing the financial stalements. 1.3 Charltable funds Unr8Stricted funds are avallable for use at the dlscretion of the trustees in furtherance of their charitable objectiV8S. Designated funds compris8 unr8Strfct8d funds that have been set aslde by the trustees for pariicular purposes. The aim and use of each d6signated fund is set out In the notes to the flnanclal statements. Restricted fvnds are subject to specific conditlons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in th8 notes to the financlal statements. 1A Income Inoome Is recognlsed when the Charlty Is legally entitled to it after any performance conditions have been met, th8 amounls can be measured rellably. and It Is probable that income will be received. Cash donations are recognised on recelpt. Other donallons are recognlsed once the charity has been notffled of the donation, unl&ss performance conditions require deferral of the amount. Income tax recoverable In relation to donations received under GiftAid or d8eds of covenant Is recognlsed at the tlme of the donatlon. Legades are recognlsed on reIpl or othemise If the charity has b8en notifl8d of an Impendlng dlstrlbutlon, the amount Is known. and recelpt Is expected. If the amount is not known, th8 legacy Is treated as a contlngent asset. 14-
GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Accounllng policles (Contlnued) 1.5 Expendltur8 Expendrture Is recognised once there is a legal or constructive obligalion lo transfer 8conomlc benefft to a Ihird party, it is probable that a transfer of economic benefits will be required in settlement, and th8 amount of the obligation can be measured reliably, Expenditure is classified by activity. The cosls of each adlvity are made up of the total of dir cosls and shared costs, inc]uding support costs involved In undertaklng each actlvity. Direcl costs attributable to a single adivity are allocated directly to that activity. Shared costs whlch conlrlbute to more than one actimty and support costs which are not attributab16 to a single activity are apportloned belween those activities on a basis conslstent with the use of resources. Central staff costs are allocated on the basls of time spent. and depreclatlon Charges are allocated on the portion of Ihe asset's use. 1.6 Intanglble fixed a$8ets other than goodwill Intangible ass8ts are recognised at cost and are subsequentty measured at cost less accumulated amortisalion and accumulated Impalmient losses. Amortisation is recognis8d so as to wrfte off the cost or valuatlon of assets less their residual values over their useful lives on the followlng bases: Computer sofiware over 3 years 1.7 Tangible fixed assots Assets costing £500 or more are capiatlis&d. Tanglble fixed assets are Initially measured at cost and subsequently measured al Cost or valuation, net of d@preciation and any Impalrment losses. D8pr8ciation is recognised so as to wrlte off the cost or valuation of assets less their residual values over their U88ful Ilves on the following bases: Plant and equlpment Fixtures and fittings Computers over 2-3 years over 3 years over 3 years The gain or Ios8 arising on the disposal of an asset Is determlned as the difference between the sa18 proceeds and the carrying valu8 of the asset, and Is recognlsed in the statement of financial activities. 1.8 Impaimient of fixed ag89t8 Al each reporting end date, the charity revlews the carrylng amounts of its tanglble and inlangible assets to detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset Is estlmated In order to determin& the extent of the imp8lmient loss (if any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposlts held at call with banks and other short-term liquid investments with original maturities of thr8e months or less. 1.10 Flnancial instruments The charity only has flnanclal assets and financlal liabllities of a kind thal qualify as baslc financial Instruments. Basic financial instruments are Inltlally recognlsed at transaction value and subsequently measured at their settlement value. 15-
GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Accountlng pollcles (Continued 1.11 Debtors Trade and other dobtors are recognlsed at their settlement value. Prepayments are valued at the amounts prepaid. 1.12 Liabilities Llabilitles are recognlsed when there is an obligation at the Balance sheet date as a result of a past evont, It is probable that a transfer of economic beneffts will be required in settlement, and the amount of the settlement can be estlmated rellably. Llabilltles are recognised at Ihe amount that the chartty antlcipates il will pay to settle the debt or the amount Is has recelved as advanced payments for the goods or sarvlces It must provlde. 1.13 Employoe bgneflts The cost of any unused holiday entitlement Is recognlsed in the period In which the 8mployee's servlces are reIved. T8rmlnation beneffts are recognised immediately as an 8xpens8 when the charlty is demonstrably committed to terminate the employment of an employee or to provlde termination benefits. 1.14 Rotlrement beneflts Payments to defined contributlon retirement benefit schemes are charged as an expense as they fall due. Crltical accountlng estlmates and Judgements In the application of the charity's acwuntlng pollcies, the trustees are required to make Judgements, estlmates and assumptions about the carrying amount of assets and Ilabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are consldered to be relevant. Actual results may differ from these estlmates. Th8 estimates and underlylng assutnptions are reviewed on an ongolng basls. Revislons to accounting estimat8s are recognlsed In the period in which the estimate is revised where the revlslon affects ([Y that period, or in th8 period of the revlslon and fLrture periods where the revislon affects both Current and future periods.
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GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Income from other trading a¢llvities Unrestrlctod Unrestrlcted funds funds 2025 2024 Shop income 6,212 3,128 Ineome from Investments Unrestrlcted Unrestrlcted funds funds 2025 2024 Int8rest rac8lvable 7,926 8,153 Other Incomè Unrostrlcted Unrestrlcted funds funds 2025 2024 Return of grant fvndlng Other 100,000 400 400 100,000 Expondltura on ralslng funds Unrestrlctsd Restrlcted funds funds 2025 2025 Total Unrostrlcted Rastrlctsd funds funds 2024 2024 Total 2025 2024 Fundralslng and publl¢lty Campaigns and events sponsorship Prlntlng and stationery other fundraislng costs Staff costs Depreciation and impaimi&nt 28,830 1,148 7,217 596 29,426 1,148 7,217 41,654 30.271 2.273 12,883 54.365 30,271 3,071 13,233 .. 54,365 798 350 737 737 78.849 596 79,445 100,529 1,148 101,677 18-
GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Charltsblo actlvltles Genèral Grant fundlng oharftsble actlvltlos Total 2025 General Grant fundlng charltable actMtlBs Total 2024 2026 2026 2024 2024 staff costs Depreciation and impaimient Campaigns and event sponsorshlp Provision for medical treatment Equipment and resources Printing and ststionery staff travel expenses offi costs Rent, rates and utllities Other charitable expenditure Subscrlptlons and Platfomi Fees Legal and professional fees 184,941 184,941 136,381 136,381 9,170 9,170 16,631 16,631 336 336 12.816 12.816 11,900 11.900 2,399 14,495 8,092 8,432 13.555 2,399 14,495 8,092 6,432 13.555 19,502 4,801 9,664 4.427 8,976 19.502 4,801 9,664 4,427 8,976 14,932 14.932 10,795 10,795 4,000 4,000 36,934 36,934 307,766 307,766 223,413 223.413 Grant funding of activities (see note 9) 161,087 161,087 266,210 266,210 Share of support costs (see note 10) Share of govemance sts (see note 10) 19,546 19,546 42,519 42,519 4,359 4.359 4.934 4,934 331,871 161,087 492,758 270,866 288,210 537,076 Analysls byfund Unre8tricted fvnds - general Unrestricted funds- Restrict8d funds 92,874 9,169 229,628 3,499 69,719 87,889 96,373 78.888 317.497 60.207 11.863 198.796 88,870 149,077 11,863 376,136 177,340 331,671 161,087 492,758 270,866 266,210 537,076 19-
GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Grants payable Rostrlctod UnrtrICted Funds Funds 2025 2025 Totsl Restricted Unrestrlctod 2026 Funds Funds 2024 2024 Total 2024 Grants to Institutlons,. Newcastle Universlty Nottingham Universlty Bimiingham University Institute of Cancer Research 75,533 75,533 37,013 99,914 31,846 49,957 89.537 89,537 49,957 25.000 25,000 Support grants to Indlvlduals 43,050 3,500 46.550 52.136 3,250 53,750 43,050 118,037 161,087 127.669 35,096 266,210 10 Support costs Support Govomance costs Costs 2025 Support Governance costs costs 2024 Staff costs oth8r expenses Staff training Office overheads Bank Charges Advertislng Legal and professional fe8S Rent, rates and utiiitles 9,790 818 60 218 331 9,790 818 60 218 331 24,306 3.723 13 17 238 467 24,306 3,723 13 17 236 8,529 8,529 10.257 3.500 10,257 3,500 Accountancy fees 4,359 4,359 4,934 4,934 19,546 4,359 23,905 42,519 4,934 47,453 Analysed beeen Charltable activitses 19,546 4.359 23,905 42,519 4,934 47,453 Governance costs Includas payments to the Independent examiner of £3,600 (2024- £3,600) for accountancy fees. 11 Trustses None of the tTUSt8&s (or any persons connected with them) received any remuneratlon or beneffts from the charity during Ihe year. No trustees recelved relmbursed expenses during the year (2024: £nll). -20-
GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 12 Employèes The average monthly number of employees during the year was,. 2025 Number 2024 Numbor Fundraising Charitable Activities Admlnlstratlon Total Employment costs 2025 2024 Wages and salaries Social secuiity costs Other pension costs 214,360 14.280 7,745 195,489 11,938 7,625 236,385 215,052 There were no ernployees whose annual remunorotion was more than £60,000. Remuneration of key management personnel K6y Management Personnel comprise of the Chlef Executlve Offlcer and the Marketing and Operations Manager. The total remuneration, Including employels national Insurance contributions and pension contributions, paid to the Key Management Personnel In the ygar was £84,434 (2024,. £92,786). 13 Taxatlon The charity is ex8mpt from taxation on its activities because all its Income Is applied for charltable purposes. 14 Transfers During the year a transfer of £52.668 was made from the general unreslrlcted fund to the designated fund to represent a top up to the required level on the research fund. A transfer of £17.000 was also made from the Be more Frank r8stricted fund to the Family support Service restricted fund at a donoffs request. 21
GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 15 Intanglble fixgd assets Computer software Cost At 1 July 2024 and 30 June 2025 12,075 Amortisation At 1 July 2024 Amortisation charged for the year 8,195 2,924 At 30 June 2025 11,119 Carying amount At 30 June 2025 956 At 30 June 2024 3,880 16 Tanglble fixed assets Plant and Flxturgs and equlpmont fittlng8 ComputsiTs Cost At 1 July 2024 Additions 42,188 8,672 11,314 1,296 62,174 1,298 At 30 June 2025 42,188 8,672 12,610 63,470 Deproclatlon At 1 July 2024 Depreciatlon charged in the year 40,571 1,617 6,209 1,882 6,864 2,746 53,644 6,245 At 30 June 2025 42,188 8,091 9,610 59,889 Carrylng amount AI 30 Jun8 2025 581 3,000 3,581 At 30 June 2024 1,617 2,463 4,450 8,530 17 Debtors 2025 2024 Amounts falling duo within one year: Trade debtors Other debtors Prepayments and accrued Income 44,769 1,766 9,785 12,819 57,588 11.551 -22-
GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 18 Crodltord: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 2,376 714 793 3,600 3,780 6,156 5,107 19 Retirement beneflt schemes 2025 2024 Defined contribution s¢hemes Charge to profit or loss in respect of defined contrlbutlon schemes 7,745 7,625 The charity operates a deflned conlributlon penslon schame for all qualifying employees. The assets of the scheme are held separately from those of the Gharity in an independently administered fund. -23-
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GRACE KELLY CHILDHOOD CANCER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 22 Analysls of net assets betwe6n funds Unrastrlcted Unrastricted funds funds general deslgnated 2025 2025 Restricted funds Total 2025 2025 At 30 June 2025: Intangible fixed assets Tangible assets Curr8nt assets/(liabilities) 956 3,581 874,965 956 3,581 1,459,312 294,948 289,399 294,948 879,502 289,399 1,463,849 Unrestri¢ted Unre$trlct8d funds funds general designated 2024 2024 Rastrlcted funds Total 2024 2024 At 30 June 2024: Intangible fixed assets Tangible assets Current assetsl(liabilitl8s) 3,880 8,530 706,362 3,880 8,530 1,155,775 248,687 200,726 248,687 718.772 200.726 1,168,185 23 . Rolatsd party transactions A dose family member of T Marlow-Jones, a tlilstee, Is a Dlrector of SMH IT Solullons Ltd who provide IT support and hardware to the Charity. Purchases in the year of £2,881 (2024.. £1,850) were made from SMH IT Solutions Limited. The trustee D Wilkins Is a director of City Signs Signage and Dlsplay Limlted. Purchases of £312 (2024,. £468) were made from City Signs Slgnage and Display Ltd during the year, for event signage. -27-