Coinpany re¥i5tratioii iiumber.. CE012907 Charity registration number.. 1176639 Jessica's Sarcoma Awareness (A company limited by share capital) Annual Report alld Financial Statements for the Year Ended 31 March 2021 ACCA TYNEREDE A£COUNIAN¢Y
Jessica's Sarcoma Am'areness Contents Reference and Administrative Details Strategic Report Twstees, Report 3to4 Statement of Trustees, Responsibilities Independent Examiner'5 Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t014
Jessica's Sarcoma Am'areness Refer¢n¢¢ and Administrative D¢t#ils Tru5t¢es T Robson C Curry T Malone L Peacock Prineipal Offiee Stonehaven Henshaw Northumberland NE47 7EN The charity is incorporated in England and Wales. CEO12907 Company Registration Number Charity Registration Number 1176639 INdepeThdent Examiner Christopher Gillie FCCA Lloyds Bank House Bellii)¥han) Hexham Northumberland NE48 2AZ Page I
SIGNED SECURELY
19/12/2021 at 8:46:06 AM UTC
SIGNED SECURELY 19/12/2021 at 8:46:06 AM UTC
Jessica's Sarcoma Am'areness Trust¢¢s' Report The trustees. who are directors for the purposes of company law, present the aiinual report together with the financial 5tatement5 of the charitable coinpany for the year ended 31 March 2021. Objectives and activities Objects aims The objects of the charity are to promote and protect the health and welfare of people suffering from sarcoma cancer and their families through the provision of financial assistance, inforn)ation equipment and other practical support as the trustees Inay determine Objeciives, slrdlegies andoclivilies Within this financial year e have raised money through a number of ways to make sure we have the funds to ¢over our aims. Our aims are.. Built a bespoke 3 bedroom holiday lodg¢ for respite to the families Wlth ¢hildren fighting cancer Had numerolls families to enjoy th¢ lodg¢ as a fre¢ holiday away from everyday lif¢ which includes the weekly ho%pital visits and tr¢atment Makii)gF up hainpers for children and teenagers in hospital over Christtnas time & easter and their siblings too. AlthougFh this has proved difficult with covid around. Provided the h05Pltal with craft items so the patients can still have time to be creative. We have already managed to coinplete all, thoiir(Th grant5 and donation5. We were able to hand out hamper5 to patients at hospital at Christmas time as well as give chocolatts to siblings and parents. We also handed tsut gifts at Easter time, again to patients, siblings and parents. Public benefil The trustees confinn that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Financial instrument5 Objectlves ulldpolicles The charity's activities expose it to a number of financial risks including credii risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees. which provide M'ritten principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. Co.¥hflow risk The charity's activities expose it primarily to the finaiicial risks of change5 in forei¥n cUencY exchange rate5 and interest rate5. The charity uses forei¥n exchaiige forward contracts aiid iiiterest rate Swap contracts to hedge these exposures. Interest beariiig assets and liabilities are held at fixed rate to ensure certainty of cash flow5. Page 3
SIGNED SECURELY
19/12/2021 at 8:46:06 AM UTC
SIGNED SECURELY
19/12/2021 at 8:46:06 AM UTC
SIGNED SECURELY
19/12/2021 at 8:46:06 AM UTC
SIGNED SECURELY 19/12/2021 at 8:46:06 AM UTC
Jessica's Sarcoma Am'areness Ind¢p¢ndeni Examiner'$ Report to th¢ trust¢e$ of J¢ssi¢a'$ Sar¢oma Aw#r¢ne$s I report to the charity trustee5 on my examination of the accounts of the charity for the year ended 31 March 2021 which are set out oli pauFes 7 to 14. Respcetiwe responsibilities of trustees and cxaminer As the charity'5 trustees of Jes5ica'5 Sarcoma AM'arenes5 land a150 Its directors for the purpose5 of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Cotnpanie5 Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of Jessica's Sarcoma Awarei)es5 are not reqiiired to be audited under Part 16 of the 2006 Act and are eligFible for iiidependent examination. I report in respect of my exaimiiiation of your charity's accounts as carried out under gection 145 of the Charities Aet 2011 ('the ?0 I l Act'l. In carrving out my examination I have followed the Directions given by the Charity Commission under section 14515)(bl of the2011 Act. Independent examiner's statement I havc complctcd my examination. I confim) that no matters have come to my attention in connection with the examination giviiig me cause to believe.. accounting records were not kept in respect of Jessica's SarLoma Awareness as required by section 386 of the 2006 Act: or 2. the accounts do not accord with those records,. or 3. the accounts do not comply Th'ith the accountiiig requirement5 of 5ectioii 396 of the 2006 Act other than any requiremeiit that the accounts gyive a 'true and fair vieH which i5 not a inatter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 10211. I have i)0 concems and have come across no other Inatters in connection with the examii)ation to which attention should be drawn in this report in ordei to enable a propel understanding of the accounts to be reached. Llovds Bank House Bellinghll HeXhn Northujnberland NE48 2AZ Date.. Page 6
Jessica's Sarcoma Am'areness Statement of Finaneial Attivities for the Year Ended 31 March 2021 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Unrestricted funds Total 2021 Note Income and Endowments fro. Donations and legacies 53,986 53,986 Total income 5J,986 53,986 Expenditure on: Charitable activities (13,359} (lJ,359} Total expenditure Gainsllosses on investnient assets (13,359) i4,850 (13,3591 i4,850 Net income 75,477 75,477 Net movemeiit in funds 75,477 75,477 Reconciliation of funds Total funds bn)ught forward 188,656 188,656 Total funds carried forward 264,133 264,13i Total 2020 Unrestrieteil Note Income and F.ndoivments from: Doiidtions aiid legacies 80,865 80,865 Total income 80,865 80,865 Expenditure on: Charitable activities (i6,273) (36,27)) Total expenditure (i6,27i) (i6,273} Net incoTne 44,592 44,592 Net movement in ndS 44,592 44,592 Reeoneiliation of funds Total funds brought forward 144,064 144,064 Total funds carried fonvard 12 188,656 188,656 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown ill note 12. The notes on pages 9 to 14 foTn) ali iiitegrdl part of these financial statements. Page 7
SIGNED SECURELY
19/12/2021 at 8:46:06 AM UTC SIGNED SECURELY
19/12/2021 at 8:46:06 AM UTC
Jessica's Sarcoma Am'areness Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2021 Charity status The charity is limited by shar¢ capital, incorporated in England and Wales. The address of its registered office is.. Stonehaven I lenshaw I lexham Northumberland NE47 7EN 2 Accounting policies Sumrnary of significant accounting policies and key accounting estimates The principal accouniing policies applied in the preparaiion of these financial siatemenis are sei out below. These policies have been consistently applied to all ihe years presented. unless oiherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance wilh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. Basis of preparatio Jessica's Sarcoma Am'areness meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initiall}. recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy iiot¢s. Going eoneern '[ li¢ trnstees consider that there are no material uncertainties abolit the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carying value of assets held by the charity. Excmption from preparing a eash floiTr stAtemcnt '[ lic charity optcd to carly adopt Bullctin I piiblished on 2 Febrnary 2016 and hav¢ therefore not in¢luded a cash flow statement in these financial statements. Income and endowments All income is recog511ised once the charity has entitleineiit to the income. it is probable that the income will be received and the amount of the income receivable can be inea5ured reliably. Dontsilons andlegtseles Donations are recognised when the charity h&s been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions thai require a level of perfornlance by the charity before the chariry is eniitled to ihe funds. the income is deferred and not recognised until either those conditions are fully meL or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these condiiions will be fulfilled in the reporting period. Page 9
Jessica's Sarcoma Am'areness Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2021 Gramts receivftble Grants are recognised when the charity has an entitlement to the funds and any condition5 linked to the grants have been inet. Where perfotynance condition5 are attached to the gFrant aiid are yet to be tnet, the income 15 recogni5ed as a liability and included 011 the balance sheet as deferred income to be released. Deferred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when.. The donor specifies that the grant or donation must only be iised in futiire accounting periods; or The donor hgs imposed ¢onditions which must be met before th¢ ¢harity has unconditional entitlement. Expenditure All expcnditiir¢ is rQgnised once there is a legal or constructive obligation to that ¢xp¢nditur¢, it is probable settlemcnt is required and the amoiint can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregaie similar costs to that ¢ategnry. Where cost% cannot be dire¢tl}' attribiit¢d to particiilar headingF5 they have been allocated on a basis conslstent with the use of resource5, with central staff cost5 allocated on the basis of time spent, and depreciation charges allocated on the portiot] of the asset's use. Other 5UPPOrt costs are allocated based on the spread of staff costs. Chtsrltthble aeilvliles Chariiable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxatio The charity is CL)nsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act ?010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the chariry is potentially exempt from taxatioii in respect of income or capitsl gains received within categories covered by Chapier 3 Part I l of the Corporation Tax Act 2010 or Sectioii 256 of Ihe Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to chariiable purposes. Tangible fixed assets Individual fixed assets cosiing £0.00 or more are initially recorded at cosL less any subsequent accumulated depreciation and subsequent accumulated iinpainnejit losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to WTite off the cost or valuation, less any estimated residual value, over their expected useful economic life as folloH's.' Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for ob501ete and slow inovin¥ stock5. C05t is deteTmined u5lllg the fir5t-in, fir5t-out {FIFO). Page 10
Jessica's Sarcoma Am'areness Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2021 Cash and eash cquivalcnts Ca%h and cgsh cqllivalcnts ¢omprise ¢ash on hgnd and ¢all deposits, and other short-tem) highly liquid investment% that are readily convertibl¢ to a knoTh amount of ¢ash and are subjert to an insignificant risk of ¢hange in value. Trade ereditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary. coiirse of hu%iiiess from suppliers. Accounts pa}'able are cla8%ified a% ciirrent liabilities if the ¢harity does not have an unconditioiial rifwht, at the end of the reporting period, to defer Settlement of the creditor for at least N".elve moiiths after the reporting date. If there 15 ali unconditioiial riLFht to defer settlement for at least twelve months after the reportingF date, they are presented as non-cutt liabilities. Trade creditors are recogni5ed iiiitially at the transaction price and 5ub5equently measured at amortised cost usiiibF the effective interest Tnethod. Fund structure Unrestricted inctsme funds are generdl funds that are available for use at the trustees's discretion in furtheranee of tht objectives of the charity. 3 Income from donations and legacie5 Unrestricted Total 2021 Total 2020 General Donations and legacies; Apped15 and donations Grants, includinbj capital gFrants', Grants 27.986 27,986 55,li7 26,000 26,000 25,728 53,986 53,986 80.865 Page 11
Jessica's Sarcoma Am'areness Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2021 4 Expenditure on eharitable activities Unrestricted Total 2021 Total 2020 General Note Opelling stock Closing stock Depreciation of fixtures and fittings Lodge Runi)ing Costs OtTice expenses Charitable donations 1,500 (750) 207 4.495 5,130 1,500 (750) 207 4,495 10,947 Sundry expenses Advertising Promotional expenses Accouniancy fees i89 389 1,580 1,930 888 888 1,500 1,500 1.500 13,359 13,359 36,273 5 Trustee5 remuneration and expens¢5 No trustees, nor any persons connected with them. have received any remuneration from the charity during the }'ear. 6 Taxation The charity is a regisiered charity and is therefore eyempt from taxation. Page 12
Jessica's Sarcoma Am'areness Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2021 7 Tangible fixed assets Land and building Furniture and equipment Total Cost At l April 2020 Revaluaiilins Additions 167,444 34,849 47,707 167,444 34,849 49.086 1.379 At i l March 2021 250,000 1.379 251.379 Depreciatio Char¥e for the year 207 ?07 At i l March 2021 207 ?07 Net book value At 31 March 2021 250,000 1,172 251,172 At 31 March 2020 167,444 167,444 8 Stock 2021 2020 Stocks 750 1,500 9 Cash and cash equivalents 2021 2020 Cash at bank 34,319 37,210 10 Creditors: amounts falling due within one year 2021 2020 Trade creditors Accruals Deferred income 15,998 1,500 1,500 9,500 22,108 17,498 Page 13
Jessica's Sarcoma Am'areness Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2021 I l Reserves Unrestricted revaluation reserve Total Deficit on property revaluation (34,850) (34,850} 12 Funds Other recogNi5ed gaiNsl{1055e5) Balance at 31 March 2021 Balance at I April 2020 IncomiThg resources Re50uree5 expended Unrestricted funds General 188,656 53,986 7.907 34,850 269,585 Balance at I April 2019 Incoming resources Resources expended Balance at 31 March 2020 Unrestrieted funds General 144,064 80,865 (36,27J) 188,656 13 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2021 Restricted fund5 Tangible fixed assets Current assets Current liabilities 251,172 25,569 (12,608) 251,172 35,069 (22,108} 9,500 19,500} Total net assets 264,13) 264,1 Ji Unrestrieted funds General Total funds at 31 March 2020 Tanuible fixed assets 167.444 i8,710 (17,498) 167,444 38,710 (17,498) Current assets CutTent liabilities Total net assets 188,656 188,656 Page 14