Chrity rngistr*ion number 1188682 PROSTATE CYMRU ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 PROSTATE CYMRU CONTENTS Page Chairman's statement Twstees, feport 2-13 Independent examinerfs rèport 15 Statement of financial activities 16 88Lgnc8 sh8et 17 Not88 to the finonaal statements 19-31 PROSTATE CYMRU CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEAIBER 2023 Welcome from our Chairman On behalf of the Trustees, l Bm pleased to present th& Trust8es Annual Report and Financial State￿￿nt for th& year gndSng 31 Dgcgmber 2023. This was an important year for the charity, as we commemorated its 2Cth anniversary. The oecasion was marked with many celebratory events throughout the year, Including the unvelllng of specA8lly commissitin8d 8riwork, designed by ourArnbassador, Welsh a¢tisl Nathan Wybum. Another hi9hpoint saw many iconic Welsh landmarks illuminated blue, a symbolic reminder of thg n88d to raisa awarengss of prostate C8ncer and to open Ihe conversation around prostate health. We have reMaIn￿ unwaverSng In our delemination lo ensure th81 all men in Wales have equal accAss to knowledge, best 8vall8ble tests, care a￿1 support in the treatment of prostate dise85e. continuing th818ga¢y of )undiThJ Ch8irm8n, 1hg lats R8y Murr8y. The last 10 years ha5 seen considerable growth and we are now recognised Bs thè lsading pr0518te heatth arity In Wales. We are irnmensely proL*J of th8 diffsrance we have made to thè livès of men living in Wales. sincere thanks to f8llow Trustees. Dawd Brace OBE. Lyn Murray, John D8niels, Phil Jarnes MBE. lan Barwick and Jamos Trafford for their ￿nStsnl support, passion and commitm¢nl. Their ltradorship and dear direction arg paramount in the ¢ontlnual growth and expansion ofthe charrty. As a board we are delighted that the plans Sel out for 2023 have, in the main, come to fruition. This must be attributed lo the hard work and ￿rnmItrnent fvom the staff, directed by Chief Executive, fina Tew. (Jjr thanks to Owon Pugsley, Rebecca Havard, Lydia Ca￿￿?, Mali Hire aThJ Torn Oakjw. who havg embrac8d the challenges with dedicats'on and enthusk?sm, along wilh new recruits Phoebe Williams & Ellen Jug. l am dgliqhted to raport Income has axcggdgd the Wel recorded prior to Ihe pandemic. I'm sure you'll agree this is an exceptioftal achievement given the current finanfy81 dimate and the fact that we receive no govemment funding or nat￿￿81 grants. As an independ8nt WeLsh charity, we rely solely on the gc<¥Jwlll and support of volunteers, fundraisern, and public donations. The report that follows prowdes more delail in relation to our incomg. expgndtturg gnd achiovements during this financh81 year, a8 well as a summary of our future plans. Thls is tharefore an approprfats tlme for me lo thank our FrTendship Groups based in Cardiff & V819. Carmert￿nShIrC. CeredigK)n, Pernbrokeshire and GlaTnorg8n, 8$ well as the many members of our awaren￿$ leam who givg UP theiT time to 5UPPOrt the charity in achieviryJ its key objectives. We are fothnale to have a diverse and 8nthusiastiC 9roup of Ambassadors who rÈguL4rty support fvndraisirwJ actNities and awareness opportunitses throughout th& year. A heartfelt thank you to eath of Ih8m for everything they do. Thanks too to Speualist Nurge. Gaynor Newton, who is happiest when meeting and chatitng to 8nd their families who have concerns about thelr prostate health. G8ynor is also avaijable vla thg nursg htstline every weekday evening. We are grateful to our accountsnts. Az9ts. for the prolgs$ional support in compiling these arLounts and for their advice throughout the year. A ￿.9 thank lo weryone who has contributed to the success and grcvmh of th9 Charity as we 81rive, l(yJ8lher, to rnake a drfference to the health and wel￿be1￿j ofthe men in Wales. Jamès Andr•w Thomas. Chaimian PROSTATE CYMRU TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees kwent thelr 8nnual report and ffinanaBI statement8 foT the year ended 31 Decembor 2023. Thg finana81 stataments have been prepared in 3c¢ordan¢e wth the accounting poliaes sel out In nots 1 to the ftnanrAal s18temonts and comply with the charity's goveming document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Racomrnended Practice appIl￿bI8 to charit￿aS prèparing th￿ accounts in accordance wth the Financial Reporting Standard applicable in the UK and Repui4ic of Ireland IFRS 1021 (effective 1 January 20191.. Despite th8 downium in thè aconomy and c4JsI of living rise. parbcularly of note the hik8 in mor*Jage interest ral85 and utilty bills, the th8rity's ouuook for 2023 was ￿srtiVe. Many new Initsatives were planned and fundraising commitmants on the increase. We looked lo￿ard to a year of celebralions. and o full calendar of events, as we commemorated our 20th anniversary year. We continued to monrtor our overheads ensurirvJ we kè8p thes&. and op&ratlon81 wsts to a minirnum. However, the investrnent in our awar&ness prOgraMff￿ increased to meet the renewgd dgrnand for workplace lalks. driven by an increased awareness r3mp8ign aThJ strategic approach lo expanding wr corporate partnerships and networklng Opportunities. We are grateful lo our many Friendship groups who are key lo its Su￿$$. both In planning and implgmgntatlon. The report that follows represgnts the financial perfomancg and activlles ¢)f the tharty during ils financial year ended 31 D￿rnber 2023. Obledivots and a¢tlvltloS Prt)stata Cymru operates as a Charitable Incorptsr¥ted OrgBnisation {CIOI under Ihè govemance of the Charity Commi8siw and havè stated the following obiects: PTovide support, etlu¢8bon, and practical advice * advance the education of the pu￿1¢ in all areas relating to prostste problems promote and influence efferthvè cara. involvement and support foT people affected by prostate problems Prostate cancer is m05t common cancer in men, with over 2,500 baing diagnosed every year in Wal88. The risk in rnen of beirrfj Lliagnosed Is 1 in 8 and indications are that the risk is increasing. Our pledge is to ir￿mSe awareness and Unde￿tandIng of both prostale Cancer and proslate disease amongst the Welsh population Bnd provide a source of advicè and support. This work continues lo be 8 priofTty, 8d8Pted accordingly to accomrnodat8 the indiwdual needs of busin9559s and communities. There has bÈ8n a shift in wot*ing practlces with less employeos working from hom•, and empk)yers ncreasing the nurnber of offi¢e*8sed days, renewin9 the demand for the workpL4¢e pr￿n￿￿"On$ and aWa￿nesS stands. Our engagement with local communitiès increased aided by Ihe delivery of our bespoke Mobi￿ unlt and th9 L9unch ol our outreach programme. The charity w8$ abl8 to retain a strong inLyJme level, with a slight Incwse of 7.5% on the previous year, whth is commendable given the curr8nt financial dimate and pressure on the individu81's purse strings. In addition to the obwous fmancial benefit, fundraising events play a huge part in ra5sing awargn&88 and sgcurfng ftJbJTe suppcwt of individuals, groups and corporat8 partners. We also mainlained a strong position in tsms of communlcatton and PR, Improving the numbers reached and evident from the ewKouraging and positive messages received. Our advtcè linè and assessment fcffm played a valuable role forthostr with health concems or undergoiro IreatsnenL The Frlendship Groups have been outstanding, with wular meelings. social gatherings and fundraising events plotteil throughout the year. We now have 5 estsblished groups, CardffF & Vale. Camiarthanshire, CeredvJion, P8mbrokeshire and Glamoigan. PROSTATE CYMRU TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Early discussions have taken place with groups in Monmoulhshire and Brecon, and we are hopeful that these wlll develop further in 2024. A group in North Wales remains a fijture ambibon to support the fijndraising Betivities already takitwJ placo and èstablish a programmÉ of awaron8SS talks. Maln a¢dvltlg¥ Events and lundraSBlng Stsff dlsnJption$ in the first half ol Ihe year put addIt￿nal strain on the team, particajlarly durfng the fr￿$y porv)d In the summer and the launch of the outreach programme, whth you will hear about later in the reFort. D&%plta thls, wo had a hugo￿ successful summar. with moro evgnts 1han aver, and golf days baing ￿rtiCularty pular. The supprirt of our ragular fundrAis8rs and (x)mmitrngnt of our Friendship Groups wa8. 8fKI c(￿linUeS to be, invaluable. It Is neY8r easy lo predicl or guarantse income each yèar, 1hjwe￿r, in a year whore many are f88llng tha impact of incxeased personal financAal pressures, we haye again exceeded exFectation. As a charty wè dèpand solely on donath)ns, wa ara Iherèforè 8t&maNy gratèful to all QUT SUPWrtgrs who have tsken part In our offtfal events or ¢￿ated their own unlquo activfffjes. The Income dertved trom internalty organised evgnts Teprgsentsd 40% of our revgnue. with Ihtr balance being made up from extemal fvrbdralsers and donors, cornpared to 8 morè èvan split in 2022. In Fgbruary w8 h8ld our Big ce￿bratIOn Dinner at The Exchange in Cardiff, to honour aThJ celabrats th¢ hard work and effort of all our fundraisers. Awards lor the 2022 fvndraising year were presented to Kath Jones. Individual Fundraiser." Llandèilo RFC, Team of the Year. Motonovo Finance. Corporate Fundr•l$¢r- St Davld* P8nknlf• Club, Communlty Funthal8•r' and Ollvw Ladbrook•-DAvb•s and Dan Thoma8, Innovativè Fundraiser5. Th8 PresTrdent's Spèck81 RecognitK)n Award was 8W8rdèd in mamory of our much kJv8d Ambassador. Eddie Butler and to everyone who look part in the Machu Picchu trek. Our thanks to all nomine8s who attended. along with sponsors and guests who made it such a memorable evening, Our 20th annivèrsary celabrations b8gan in March ￿th a glamorous black tia dinngr at The Bear Hotel in Cc¢wbridge. organi$ed by the family of our late foun(Jer and Chaiman. R8y Murray. Our thank8 to Rals widow Lyn, who wnlinues to stt on the t)oard of Trustees, plus sons Rob and Matl for their constant commlrnenl. It was a hug8ty succèssful ￿èAllyj, 8tténdéd by many tsf thè original cammrttè& and supporter5, as well as rnembers ofthe Cowbridge communlty, vth8re it all began. In ¢ollaborati¢)n whh the Welsh AssoaatKJn of Male Choirs IWAMCI, a memorable mid-summer concert was held at St David s Hall in Jung. Tha 6venirvJ was a resounding succgss, bringlng toggther 15 male ¢hoir$ from across Wales united to create an unforgèttAbtè musical èxpari8nce. Th8 WAMC hav8 been supporters of Prostate Cymru for some Ume, and we are gratsful lo them for thelr ongolng support ￿ we look fO￿ard to their c(Jnc8rt at The Royal ￿bert Hall in 2024. The Ray Murlay Gow Day. a ragular feature In our sprfng calendar, was once again supported by our wular golfers and the many corporate parlnors who contributo to its success evory year. We are gr8lefvl lo the Murray family for their support wh) were on hand to present the trophy, and congratulatM)ns lo th13 year's winners, Jellyfish Business Solutions. Golf provod lo be a popular fvndrasing aGUvty thi$ summgr many gow Club caplalns and bJswiessgs choosing to raise lunds for Prostste Cwmru. Thelr outslanding efftjrts ￿9V￿ in a totsl in excess of £40,OCQ, whilst also raisirrfJ awareness of prostste c8ncer. Following the s￿LeSS of ￿81 year'8 Big Walk. tho èvent took place across a vaTiety of locations, including a heritage walk in the Vale of Glamorgan. Carnarthenshire countryside. Pembrokeshire Coastal Path and thè seaslde town of Aberystwh. Tha Glamorgan Ftlendshlp group's walk Ma￿ed the 10th year of the Big Walk, ending wth 8 CU5torn8ry'after paty, at KenfwJ Hill Rugby cl￿b. PROSTATE CYMRU TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The event proved as popular as ever wlth reoord numbers turning out to support tho gfforts of thelr local Frfandship Group and community. We 8re a180 gratsfvl to th¢ many individuals and trKJsinesses whu adapted the trad￿lDn$ of the walK by c¥eating their own mardthon 26 milè walks whelher acTOSS one day or spread throughout the month. The social media interaction as a result was not only a rnajor contributory factor to th8 fundraisiig èfforts but m8d& a huge differen(e in raising awarer*ss ofthe f8¢ts and risks of proslate cancer. To further endorse our 20th year of operation, wè béeamè th8 charty pather of the Oji Pcrthcawl 10k. Throughout the p8st two decades Prostate Cyrnru has had a strong associalion with thè area and had recenuy launched a new friendship group which also covers Porthcawl. We were gratefvl to all our runners an(J volunteers who made rt such a successfvl and memorablg day. The FN8 Valleys Switve in August, was supported by 200 cyclists who tc(l( on the chaI￿ng1rrfj route from Margam Park, ts¢kllng the steep dimbs of the Bwlch and Rhigos mountains. Competitors battkd thr￿gh Ihe e￿rn￿nts inGludin9 heavy rain, mist and winds, supported by the 8rrny of volunteers who ensured the route was well signposted, with strateglc stops s(*ttered throughout offering refreshmènts 8nd mechanical 8sslst8nce. As has b8ccffi8 the custom in Novgmber, Big Breakfasts were held throughout the month, to rnlse lunrrnation Prostste Cymw 1$ a ¢h8ri18bk incfJrpor8¢ed organtsab"on. Thg prfn¢ipal offi¢8 is 12 Drake Walk, Waterfront 2000, Cardiff, CF10 4AN. 1.1 Accountlng conventlon The finanryal statsments have been prepared in accordance with the charitys governing dwumgnt. Ihfr Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Prathc8 applicabla to charities preparing thaw accounts in accordancg with tha Financial Reporting Stsnd8rd applICab￿ In the UK and Rapubllc of Irèland IFRS 102I1off8ctiva l January 20191.. Tho charity is a P￿￿1C Benefit Entity 0$ defined by FRS 102. The ¢harlty ￿0$ tskgn advantsgo of tho provisions In tho SORP for small¥r ¢haritiès not to prepare Statemgnt of Cash Flows. The financial statements are prepared in sterfing. which is the functional currerw of the t*arty. Monetary amounts In thasa ffinanclal statem&nts ar& roundad to tha naaragt £. The finar￿￿￿1 st*ernent8 have been prepared under the historicpl u)st wnvenlion. The princApal accounts'ng policies adopted are set out below. 1.2 Golng concern At the time of èpproviro the )Snand81 statsments. the trustees havè a reasorkabb expectation that thè ch8rlty has adgquate resources to continue in operational existence for the foreseeablg fubJro. Thus the trustees continue to adopt the going concem basis of acrxjunting in preparing the financial ststements. 1.3 Charitable funds Unreslrided funds are available for use * the discreticffi of Ihe hjstees in fvrtherance of their charltsbl ¢)bjeth'ves. Desunated fuThJs cornpri8e funds whith have been set aside al the disuetion of the trust885 for s￿rIfiC purposes. The purposes and LL5es of the designated funds are set out in the notes to the financial ststements. Restricted funds are subject to specific coTrJthons by donors as to how tw may b• usad. The purFK)ses 8nd us&s oftha restri￿ funds arg sat OLrt in the not&s to the finawal slatements. 1.4 Incomlng r•soureo$ Income is recognised when the charity is legally entitl&Y to it after any performance conditions hava ba￿ mat, the amounts can be measured reliably. Bnd it is probable thBt income will be received. Cash donations are recognised on receipt. Other donations are reccgnised once tho ¢harity has been nobfied of the donBtion, unless perf0rnan￿ conditions require deferral of the amount. Incowne tsx recoverable in relati(x to donatK)ns received under GrfIAid or deeds of rxjvenant is re(x)gni5ed al the lime of the donation. Ck)nated servw and lacililias are included in th& SOFA vthen receNed al the Yalue of the gfft to the charity provided the value of the can be measured reliably. Dor)alwJ services and facilitEs that ara consumgd immediately are recognised as income with an equivalent amount recognised as an expense under Ihe gppropriate headlng in the SOFA. 19- PROSTATE CYMRU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng polici•s {Contlnued} Event and fundraising income 1$ credlted to the Ststerrent of Finanti81 Activiti8$ in thè ￿rI00 to which tha event is due lo t3ke place. Grants are only inclLpJed in Ihe SoFAwh8n Iha ganarBI incomè recognition crlteria are rnet. In the casè of perfOnMon￿ ￿lated grants, incune must only be r8cognlsed to the extent that the th8rlty has provided thè sp8cifiad goods or services, as enlillemenl lo the graftt only oc¢urs wh6n the pèrformance related condthons are rngt. Grants receNable are treated in drfterent ways ￿e￿ndernt urth thwr purpasa$ and the teTms of the grant. Grants receivable for specific purposes are also trealgd as restn"¢ted so that any unused fvnds can be separately Identified. Th8 value of any voluntsry help recewed is not in¢lude(J In Ihe 8¢o)unts bLrt is described in the trustees. annual rewjrt. 1.5 R•sour¢oS Oxpgndgd ExpendibJre is recognised once Ihere is a legal or cJ)n$tru¢tiVg obligatlon to tfansfer economic benefit to third party. it is probabl• thal a transfer of e(x)nomr ben8fts will be required in sethement. and the arTh)unt ol th& obllgth.on con be measured reliabty. Expenditure is ¢lassrfLéd by actiwty. The costs of each a¢lwty are made up of th9 lotsl of dlwt costs shared costs, induding sUPPOrt costs involvèd In undertakn.ng each actiwty. Oirecl costs aitributaNg to 8 single actiwty are allocaled diredly to that activity. Sharad costs which contribute to rnore than one 8Ctivty and support costs which are not 8ttributabl8 to 8 slngle at*vty a￿ apportKJned betsyegn those actNities on a basis consistent with the use ol resoufces. Central staff costs are dlocated on the basis ol time spent, and d8pr8ckitlc￿ charges are allocated on the portK)n of th¢ asset'$ use. Expenditure Is recognised once there is a legal or construdive oblKJab"on to make a payrnent to a third party, it is probabl8 that satuement will be required and the amount of the oNigatK)n can be measured rel￿bty. Costs of raising funds cornprise thg ¢osts In relation to generating inojme suth 88 fundraising Acbvthas. Expenditure on charitable activi*e8 kncludgs 811 ¢osts rglating to the turtherance of the chariys objects'ves as statgd in the trustees report and Ihgir associatèd support costs. Support costs h8ve be￿ ollocated befften governance costs and other Sup￿rt. Supw)rt costs Includ9d central functions and h8va bèèn allocated to activity cost calegori83 on ¥ basis ¢yMsistent with the use of resources. fy)v8mance costs cornpiise Bll costs involving publ￿ ac(xJunlability of th8 charity and its compliance with regu18tion and good practice. Irrecoverab￿ VAT 15 d)8r98d as a cost against the for vthith the extXndt￿Tr was in￿rred. 1.6 Intangible fixed a$sets other thAn goothwlll Intangible a58ets 8(4uirgd sèparately from a business are recognised al ￿81 ant1 are sub$Équ8ntty measured at cost lass accumulated amortSsalSon and accumulated irnpaimient losses. Amorti3ation ￿ rewgnis8d so as to write off the cost or valualion of assets less their re$ldual v8lu8s over th￿r useful lives on the following bases.. so￿are straight line -20- PROSTATE CYMRU NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles {Contlnu•d) 1.7 T8nglbl• flxed assgts Tangible fixed assets are inibBlly mwasured al (¥)81 and 8ubsequ8ntty measured at c•)st or vall￿10n, net of dopreciathon and any impairment loss88. Oeprecialion k8 recoJni5ed so as to write off the cost or valuath)n of a&88ts less their residual values over thdr useful Iwes on the folbwing bases.. Fixbjres and ffttings Computers Motor￿hle￿$ 20% str8ighl Ilno 33% str8yht line 20% ￿dUcIn9 balance 1.8 Impalmwnt of flxed ass•ts At gach reporbng end date, the charity Teviews the caTrying afflounts of its tangible and intangible assgts to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indica￿n axists. tha r8cov8rable amount of the asset is esbmato(t in order to detamiinè the extant of impairment kjss Irf any). 1.9 Cash and Cash oqulvalonts Cash and cash equivalents Include cash In h8nd, deposits held at call wNh banks, other short-term Ilqukl investments with ortginal maiuriti&s of ihree months or less, and bank overdrafts. Bank overdraft$ or* shown within borrowngs in ojrrenl liabiltties. 1.10 Finan¢ial instruments Thg charity has elected to apply the provisons of Sethn 11 'Basic Finanaal Instruments. and Sedc4) 12 'Oknar Finanoal Instruments lssue$' of FRS 102 to Bll of its financi81 instruments. Financial instruments are re¢ognis&l In the charlty's balance sheet when the chanty bec(￿eS party to the CDntraciual pYovi8ions of the instrument. Financial assets and liablfil￿ are offset. with the net amounts presented in the financial statements, whèn thare is a legalty enforceable right to set off the recognised amounts and there ts an Intentlon to satua on 8 net basls or to realis8 tho asset and settle the liabilty Simultaneou￿Y. 8ask flnanclala$sots Basic financial 8ss8ts, ￿lch Indude d8btors and cash and b8nk balancas, are initially measured transaction price induding transadK)n Costs anrl are subsequenyy Carr￿ at amortised cost using the effective Imerest meihc £60k No employee eamgd morg than £60.000 during the current or prior p8rKJd. Key managemont pèrsonnel The gross benefits rer*ived by kèy managèmènt personnel totalled £44,86412022.. £43,735). 11 Taxation Thg charity is exempl Irorn tax on income and 98lns f811ing wth*i section 505 of Ihe Taxes Ad 1988 or section 252 Of1￿ Taxatlonof Chargeabb Gains Act 1992 to th8 8xtant that thes& ara applied to its tharitable objects. 12 Intangible fixed •s•et* Al 1 January 2023 and 31 D￿ernber2O23 Arnortlsatlon and Impalrm¢nt At 1 January 2023 AmorUsaOon chBrged for the year 21.51]0 6,000 Al 31 December 2023 27.500 Carylng amount At 31 0￿Mb￿r 2023 2.500 At 310ecemb8r 2022 8,500 -26- PROSTATE CYMRU NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Tanglbh fixed a•s•ts Flxturo8 and CompLrtèra Mtstorvehldos Ilttln Total Cost At 1 January 2023 Addthons 4.140 120 11,156 2,813 15,2 125.023 122,090 At 31 Decgmber 2023 4,260 13.969 122,090 140.319 Depreclatlon and Impalrniont At 1 January 2023 Dapr8a8tion chargèd in the year 2,730 7.642 1.862 10.372 16.952 14.244 At 31 December 2023 3.576 14.244 27,324 CArrying amount At 31 Decembar 2023 4,465 107,846 112,995 At 31 De￿mber 2022 1.410 3.514 4,924 14 Debtors 2023 2022 Amounts fallln9 du• wlthin one yur- Trade debtor5 Other debtors Prepayments and 8c£ru8d incs)me 395 25,588 6,068 11.927 45,467 32,051 15 Cr•ditors: amounts falling due w￿h1n one y 2023 2022 Oth8r taxation and $w81 security Trade cr6ditors Other (xeditors AecnJals and deferred income 2,193 5,363 10,295 2.548 6.052 4.775 3.168 15,897 20.399 PROSTATE CYMRU NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 R•tir•m•nt b￿offt schemes D•flned contribution $¢h•mos The charity oper8tgs a defined contribution pension schem8 for all qUali￿.￿g employees. Th& assets of the scheme are held separately frun those of the charity in an independgnly admlnistered fijnd. The tharge to profit or loss in rèspect of defined ¢))ntrI￿tIOn schemes was £1,47412022- £1.8051. Amounts outstaEkYirvJ at th8 yèar and tolalled £27512022.. £2751. 17 R•stricted fund* The income funds of the charity indude restri¢te(I funds comwising thg following unexpended balancw of donations and grants hekl on trust for specific purposes.. ov•m•nt in lundg Movement in funds Im¢omlnq Transf•T¥ Balance at Incomlng Transfer¥ ource• 1 January 2023 rwowce• B•lan£8 at 1 Jar￿ary 2022 31 DKamber 2Q23 Welsh sludent bursaries Ma8ons 12,040 16,C(Q 14,5001 1101,7421 20,000 20,(KX) 81,742 12,040 16,OlY)I 26,¢)40 81.742 1106,2421 W•lJh stuthnt burnari Donations received from Carten to hdp fund rned￿al sludgnts Sp￿la11S1ng in urology fund their eleclive studles. An elective is a plaGem8nt in which the st￿lent chcM)sgs th8 content and setting of their thdies. The tsBnsfèT is relating lo bursariès pald during the year. Mason• DOnat￿n received for a new vehicle which was PUfch888d In thè CLtrrent year. The conditions of tho donalions have been satisfied and the amount has been transferr9d to dèsKJnatad funds to be held as 8 fix￿1 a&%èt. -28- i ¢0 >0 ON Illl li lil i&1 o* 4Xi E5 PROSTATE CYMRU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Rèlated party transactions There were no disdosable related party transactions during the year12022- none). 21 Opgratlng loaso cgmmltm•nts At the reporting end date the charty had outstandlng ￿mmItMents for future mlnimum1è88e payments under Th)nwCanCella￿e operating leases, which fall duo as follows- 2023 2022 Wrthin one year Belween Iwo and five years In over fve years 16.092 80,460 4,023 16.092 100,575 16.092 31