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← Solan Connor Fawcett Family Cancer Trust

2024-05-05-accounts

SOLAN CONNOR FAWCETT FAMILY CANCER TRUST TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

Solan Connor Fawcett Family Cancer Trust Contents

Page
Charity Information 1
Trustees’ Report 2 - 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 - 14

Solan Connor Fawcett Family Cancer Trust Charity Information For The Year Ended 31 May 2024

Charity Registered Number CE009917
Registered Office 26-28 High Street
Spennymoor
Co Durham
DL16 6DB
Accountants Mitchell Gordon LLP
Chartered Certified Accountants
43 Coniscliffe Road
Darlington
DL3 7EH
Trustees Mr Allan Wheatley
Mrs Debra Swinburn
Mr Harry Hubber
Mr Paul O’Hehir

1

Charity number 1172918

SOLAN CONNOR FAWCETT FAMILY CANCER TRUST TRUSTEES ANNUAL REPORT 31st MAY 2024

2

Solan Connor Fawcett Family Cancer Trust Company No. CE009917 Trustees Report for The Year Ended 31 May 2024

SOLAN CONNOR FAWCETT FAMILY CANCER TRUST Trustees Report for the Year Ended 31st May 2024

The Trustees present their annual report together with the financial statements of Solan Connor Fawcett Family Cancer Trust (“the Charity”) for the year ended 31st May 2024. This report reflects both the ongoing and expanded activities of the Charity and our achievements over the last year.

Objectives and Activities

We operate across North-East England, mainly currently in County Durham and our Vision is that ‘No one should have to face cancer alone.’ The principal objective of the Charity is to help people impacted by a cancer diagnosis or bereavement. We aim to fully support Warriors—individuals who have had a cancer diagnosis—through the physical, emotional, financial and mental stresses associated with the condition. Additionally, we provide support to their families during the treatment process and in cases of bereavement, offering financial assistance, practical support, and other activities not provided by statutory services.

To achieve this, the Charity provides a wide range of services, including:

Achievements and Performance

Warrior Support

Warrior support continues to be central to our mission. The Charity provides tailored support for individuals and their families through every stage of their cancer journey. Our team of Warrior Coordinators offers:

Retail Operations

The Team Solan Superstore in Spennymoor continues to evolve. Following its launch in February 2023, the Superstore now combines furniture and clothing outlets under one roof, stocked through donations from the business and wider community and charity branded merchandise. It serves as a vital fundraising mechanism while also providing free furniture and clothing to Warriors in need.

The store supports the Charity’s goals of community engagement and empowerment, employing a mix of paid staff and volunteers, many of whom are Warriors rebuilding their confidence and learning new skills.

High street trading conditions continue to be challenging with several of our competitors and contemporaries closing or scaling back their operations. Our store however continues to be profitable and provides a valuable community service.

Support Hub Expansion

The ‘Hub’ remains a cornerstone of our operations. This year, services include:

3

Solan Connor Fawcett Family Cancer Trust Company No. CE009917 Trustees Report (Continued) for The Year Ended 31 May 2024

Plans to transform the Hub into a wellness centre are underway, with anticipated additions including therapy rooms, hair and beauty facilities, and expanded mobility equipment storage.

Grants and Funding

The Charity has successfully secured grants from multiple sources, including Area Action Partnerships, local councils, Awards for All and County Durham Community Foundation. We continue to develop our Corporate Partnership Scheme , which enables local businesses to support the Charity through financial contributions and non-financial assistance, such as volunteering and equipment donations.

Referrals and Partnerships

Referrals remain a vital entry point for our services and are increasing year on year. This year, we strengthened relationships with hospitals, GP practices, Macmillan, and other cancer-related organizations. Our outreach efforts have also included schools, colleges, and businesses, ensuring more individuals are aware of our services.

The Charity’s growing partnerships with local tradespeople have enabled us to offer practical support such as home adaptations, gardening, and cleaning for Warriors and their families.

Review of 2023/24 Objectives

1. Increasing Warrior Numbers

We have successfully increased the number of Warriors accessing our services through partnerships with healthcare providers and community organizations.

  1. Facility Refurbishments

  2. Continued progress toward transforming the Hub into a Wellness Centre , adding new therapy rooms and

  3. expanding capacity.

  4. CRM System Implementation

Development of the Charity’s CRM system is ongoing, with a launch expected in late 2024. This system will streamline operations and improve record-keeping, freeing resources for enhanced Warrior support.

  1. Outreach Programs

  2. Continuing two outreach groups, enabling more Warriors to access our services and exploring the potential for

  3. further groups.

  4. Introduced new cancer education and prevention programs delivered through the Hub.

5. Social Media and Digital Expansion

The Charity has enhanced its online presence, increasing engagement across Facebook, Twitter, LinkedIn, and Instagram. Our interactive website and closed support groups have helped us to reaching a wider audience.

Plans for the Future

Looking ahead, the Charity’s objectives for 2024/25 include:

• Completing the Wellness Centre Transformation Expanding the Hub to include more therapy rooms, beauty services, and mobility equipment storage. • Further Expanding Outreach Services Launching additional support groups in other areas and increasing accessibility for Warriors unable to travel.

• Developing the Corporate Partnership Scheme

Strengthening relationships with local businesses and securing new funding streams.

• Enhancing Educational Programs

Introducing cancer prevention workshops and further developing well-being initiatives.

• Staff Recruitment

Expanding the team to include additional support workers, ensuring timely and efficient delivery of services.

Financial Review

The Charity generated an income of £295,676 during the year, reflecting strong community support and successful fundraising initiatives. Expenditure increased to £328,770 as a result of expanding services and implementing new programs.

4

Solan Connor Fawcett Family Cancer Trust Company No. CE009917 Trustees Report (Continued) for The Year Ended 31 May 2024

The Trustees are satisfied with the Charity’s financial position and remain focused on maintaining sufficient reserves (currently £254,538) to cover six to twelve months of operational costs.

Structure and Governance

Structure

The Charity is a Charitable Incorporated Organisation (registered charity number 1172918). Trustees oversee governance and delegate day-to-day operations to the CEO and support team.

Risk Management

Trustees have assessed key risks, including financial sustainability and operational challenges, and have implemented mitigation strategies to ensure continuity of services.

Conclusion

The past year has been one of sustainable growth and achievement for the Solan Connor Fawcett Family Cancer Trust. Despite challenges, we have maintained and expanded our services, strengthened partnerships, and deepened our impact on the lives of Warriors and their families.

We are grateful to our supporters, partners, volunteers, funders, and staff for their continued commitment to our mission. Together, we will build on this year’s successes and continue to make a meaningful difference in the lives of those affected by cancer.

Mr Mark Solan

CEO

Solan Connor Fawcett Family Cancer Trust

5

Solan Connor Fawcett Family Cancer Trust Trustees Report (Continued) for The Year Ended 31 May 2024

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 25/02/2025 and signed on their behalf by:

Mr Paul O’Hehir FCCA Trustee

6

Solan Connor Fawcett Family Cancer Trust Independent Examiner’s Report For The Year Ended 31 May 2024

Independent Examiner's Report to the Trustees of Solan Connor Fawcett Family Cancer Trust ('the Charity')

We report to the charity Trustees on our examination of the accounts of the Charity for the year ended 31 May 2024.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

We report in respect of our examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of ACCA, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our work or for this report.

25/02/2025 Dated: ________

Karl Gordon FCCA

Mitchell Gordon LLP 43 Coniscliffe Road Darlington DL3 7EH

7

Solan Connor Fawcett Family Cancer Trust Statement of Financial Activities For The Year Ended 31 May 2024

Income from:
Note
Donations and legacies
3
Charitable activities
Other trading activities
Total
Expenditure on:
4
Raising funds
Charitable activities
Separate material item of
expense
Other
Total
Net movement in funds		 Unrestricted
funds
Restricted
income
funds
Total
funds
Prior year
funds
£
£
£
£
174,987
-
47,986
112,900
70,087
39,540
157,251
149,652
11,062
-
11,062
5,988
256,136
39,540
295,676
268,540
47,559
-
47,559
20,739
281,211
-
281,211
299,058
-
-
-
-
-
-
-
-
328,770
39,540
328,770
319,797
(72,634)
39,540
(33,094)
(51,257)

8

Solan Connor Fawcett Family Cancer Trust Balance Sheet As At 31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 36,547 39,994
36,547 39,994
CURRENT ASSETS
Stocks 6 2,100 2,100
Debtors 7 2,038 2,159
Cash at bank and in hand 231,206 235,364
235,344 239,623
Creditors: Amounts Falling Due Within One
Year		 8 (17,353) (13,669)
NET CURRENT ASSETS (LIABILITIES) 217,991 225,954
TOTAL ASSETS LESS CURRENT
LIABILITIES		 254,538 265,948
NET ASSETS 254,538 265,948
Charity funds
Restricted funds 21,684 52,666
Unrestricted funds 254,538 265,948
MEMBERS' FUNDS 254,538 265,948

The financial statements were approved and authorised for issue by the Trustees on 25[h] February 2025 and signed on their behalf by:

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Mr Paul O’Hehir Trustee

9

Solan Connor Fawcett Family Cancer Trust Notes to the Financial Statements For The Year Ended 31 May 2024

1. General Information

The Solan Connor Fawcett Family Cancer Trust is a Charitable Incorporated Organisation (CIO) and was incorporated on 09 May, registered number CE009917. The registered office is 26-28 High Street, Spennymoor, Co Durham, DL16 6DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Solan Connor Fawcett Family Cancer Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

10

Solan Connor Fawcett Family Cancer Trust Notes to the Financial Statements (Continued) For The Year Ended 31 May 2024

2. Accounting policies (continued)

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery 15% straight line Fixtures & Fittings 15% straight line Computer Equipment 15% straight line

2.8 Debtors

Other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and monies held on deposit.

2.10 Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements

11

Solan Connor Fawcett Family Cancer Trust Notes to the Financial Statements (Continued) For The Year Ended 31 May 2024

3. Income from donations, fundraising and grants

Donations and legacies
Donations and gifts
Income from Charitable events
General grants provided by government
Sponsorships which are in substance
donations
Total
Charitable activities
Shop Sales
Grant income Restricted
Total		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£
47,986
-
47,986
91,753
117,711
-
117,711
19,707
-
-
-
-
9,290
-
9,290
1,440
174,987
-
174,987
112,900
70,087
-
70,087
139,723
-
39,540
39,540
9,929
70,087
39,540
109,627
139,723

12

Solan Connor Fawcett Family Cancer Trust Notes to the Financial Statements (continued) For The Year Ended 31 May 2024

4. Expenditure
2024
2023
Unrestricte
d funds
Restricted
income
funds
Total
funds
Unrestricte
d funds
Restricted
income
funds
Total
funds
Expenditure on
fundraising:
£
£
Opening stock
2,100
-
2,100
-
-
-
Merchandise
1,142
-
1,142
3,662
-
3,662
Events
27,472
-
27,472
6,200
-
6,200
Advertising and marketing
Costs
16,845
-
16,845
10,877
10,877
Total expenditure
47,559
-
47,559
20,739
-
20,739
Expenditure on charitable activities:
Direct support and
assistance
55,598
-
55,598
57,928
-
57,928
Other direct costs incurred
8,963
-
8,963
7,486
-
7,486
Closing stock - materials
- 2,100
-
- 2,100
- 2,100
-
- 2,100
Waste disposal
1,802
-
1,802
2,071
-
2,071
Wages and salaries
85,872
-
85,872
91,581
-
91,581
Employers NI
291
-
291
528
-
528
Employers pensions
1,283
-
1,283
1,320
-
1,320
Staff training and welfare
682
-
682
683
-
683
Temporary staff and
recruitment
-
-
-
11,670
-
11,670
Travel and subsistence
1,301
-
1,301
269
-
269
Rent
29,547
-
29,547
26,000
-
26,000
Shop expenses
14,987
-
14,987
19,587
-
19,587
Light and heat
1,405
-
1,405
5,990
-
5,990
Cleaning
1,408
-
1,408
1,130
-
1,130
Hire and leasing
5,072
-
5,072
6,053
-
6,053
Vehicle fuel costs
341
-
341
1,607
-
1,607
Computer software costs
3,074
-
3,074
20,716
-
20,716
Repairs, renewals and
maintenance
5,488
-
5,488
346
-
346
Insurance
1,671
-
1,671
2,812
-
2,812
Printing, postage and
stationery
782
-
782
3,276
-
3,276
Telecommunications
3,009
-
3,009
5,925
-
5,925
Accountancy fees
-
-
-
2,050
-
2,050
Legal fees
105
-
105
480
-
480
Professional fees
98
-
98
16,198
-
16,198
Consultancy fees
45,000
-
45,000
-
-
-
Subscriptions
871
-
871
1,299
-
1,299
Bank charges
100
-
100
573
-
573		 2024 2023
Unrestricte
d funds
Restricted
income
funds
Total
funds
Unrestricte
d funds
Restricted
income
funds
Total
funds
£
£
2,100
-
2,100
-
-
-
1,142
-
1,142
3,662
-
3,662
27,472
-
27,472
6,200
-
6,200
16,845
-
16,845
10,877
10,877
47,559
-
47,559
20,739
-
20,739

13

Solan Connor Fawcett Family Cancer Trust Notes to the Financial Statements (continued) For The Year Ended 31 May 2024

Credit card charges
Bad debts written off
Depreciation of plant and
machinery
Depreciation of fixtures and
fittings
Depreciation of computer
equipment
Sundry expenses
Total expenditure		 -
-
-
593
-
593
440
-
440
1,080
-
1,080
11,113
-
11,113
11,347
-
11,347
230
-
230
230
-
230
1,120
-
1,120
231
-
231
1,658
-
1,658
330
-
330
281,211
-
281,211
299,289
-
299,289

14