Company registration number: CE012907 Charity registration number: 1176639
## Jessica's Sarcoma Awareness
A Charitable Incorporated Organisation Annual Report and Financial Statements
for the Year Ended 31 March 2022
## **Jessica's Sarcoma Awareness**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Strategic Report|2|
|Trustees' Report|3 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 14|
## **Jessica's Sarcoma Awareness**
## **Reference and Administrative Details**
**Charity Registration Number** 1176639 **Company Registration Number** CE012907 The charity is incorporated in England and Wales. **Registered Office** Stonehaven Henshaw Hexham Northumberland NE47 7EN **Independent Examiner** Christopher Gillie FCCA Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ
Page 1
## **Jessica's Sarcoma Awareness**
## **Strategic Report for the Year Ended 31 March 2022**
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 March 2022, in compliance with s414C of the Companies Act 2006.
## **Achievements and performance**
This financial year has been a challenge to raise funds following on from Covid.
We have managed to have our Annual ball and Great North Run which has turned over some funds to keep the holiday lodge going.
We also received some help from Northumberland County Council to help through Covid.
**SIGNED SECURELY**
**28/09/2022 at 1:15:15 PM UTC**
The strategic report was approved by the trustees of the charity on .................... and signed on its behalf by:
**SIGNED SECURELY 28/09/2022 at 1:15:15 PM UTC** ......................................... T Robson Trustee
Page 2
## **Jessica's Sarcoma Awareness**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.
## **Objectives and activities**
## _**Objects and 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, information equipment and other practical support as the trustees may determine.
The charity provides equipment, family days out, hampers and gifts for children in hospital at Christmas time, provides a holiday home for patients and their families to provide a holiday from treatment and their circumstances.
## _**Objectives, strategies and activities**_
Since opening the lodge back in August 2021 we have hosted 49 families. Each and every one has had their own individual needs and stories but everyone so grateful for a little break away from hospital and the routine of appointments. Also, 49 families that may not have had a holiday due their child’s treatment here in the North East.
## _**Public benefit**_
The trustees confirm 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.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: T Robson C Curry T Malone L Peacock
## **Financial instruments**
## _**Objectives and policies**_
The charity's activities expose it to a number of financial risks including credit 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 written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Cash flow risk**_
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Page 3
## **Jessica's Sarcoma Awareness**
## **Trustees' Report**
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
## _**Liquidity risk**_
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Jessica's Sarcoma Awareness for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company 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:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. **SIGNED SECURELY**
**28/09/2022 at 1:15:15 PM UTC**
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
## **SIGNED SECURELY**
**28/09/2022 at 1:15:15 PM UTC** ......................................... T Robson Trustee
Page 4
## **Jessica's Sarcoma Awareness**
## **Independent Examiner's Report to the trustees of Jessica's Sarcoma Awareness ("the Company")**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Jessica's Sarcoma Awareness are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
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:
1. accounting records were not kept in respect of Jessica's Sarcoma 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 with the accounting requirements of section 396 of the 2006 Act 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; 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 [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I 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.
Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ
Date:.............................
Page 5
## **Jessica's Sarcoma Awareness**
## **Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Total income
**Expenditure on:**
Charitable activities
4
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12
**Note**
**Income and Endowments from:**
Donations and legacies
3
Total income
**Expenditure on:**
Charitable activities
4
Total expenditure
Gains/losses on investment assets
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12||**Unrestricted**
**funds**
**£**
73,741
73,741
(76,228)
(76,228)
(2,487)
(2,487)
264,133
261,646
**Unrestricted**
**£**
53,986
53,986
(13,359)
(13,359)
34,850
75,477
75,477
188,656
264,133||**Total**
**2022**
**£**
73,741|
|---|---|---|---|---|
|||||73,741|
|||||(76,228)|
|||||(76,228)|
|||||(2,487)|
|||||(2,487)
264,133|
|||||261,646|
|||||**Total**
**2021**
**£**
53,986|
|||||53,986|
|||||(13,359)|
|||||(13,359)
34,850|
|||||75,477|
|||||75,477
188,656|
|||||264,133|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 12.
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
## **Jessica's Sarcoma Awareness**
## **(Registration number: CE012907) Balance Sheet as at 31 March 2022**
|**Note**
**Fixed assets**
Tangible assets
7
**Current assets**
Stocks
8
Cash at bank and in hand
9
**Creditors: Amounts falling due within one year**
10
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
Revaluation reserve
Total unrestricted funds
**Total funds**
12|**2022**
**£**
252,596
200
23,458
23,658
(14,608)
9,050
261,646
226,796
34,850
261,646
261,646|**2021**
**£**
251,172
750
34,319|
|---|---|---|
|||35,069
(22,108)|
|||12,961|
|||264,133|
|||229,283
34,850|
|||264,133|
|||264,133|
For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
> **SIGNED SECURELY** The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: **28/09/2022 at 1:15:15 PM UTC SIGNED SECURELY**
**28/09/2022 at 1:15:15 PM UTC**
.........................................
T Robson
Trustee
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
## **Jessica's Sarcoma Awareness**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
The address of its registered office is: Stonehaven Henshaw Hexham Northumberland NE47 7EN
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise 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 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Jessica's Sarcoma Awareness 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 notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
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 the income receivable can be measured reliably.
Page 8
## **Jessica's Sarcoma Awareness**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on 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 used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable 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.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 9
## **Jessica's Sarcoma Awareness**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Fixtures and fittings 15% reducing balance basis Land and buildings revalued annually to market value
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
## **3 Income from donations and legacies**
|Donations and legacies;
Appeals and donations
Grants, including capital grants;
Grants|**Unrestricted**
**General**
**£**
56,241
17,500
73,741|**Total**
**2022**
**£**
56,241
17,500
73,741|**Total**
**2021**
**£**
27,986
26,000|
|---|---|---|---|
||||53,986|
Page 10
## **Jessica's Sarcoma Awareness**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **4 Expenditure on charitable activities**
## **Unrestricted**
|**Note**
Opening stock
Closing stock
Depreciation of fixtures and fittings
Lodge Running Costs
Office expenses
Charitable donations
Sundry expenses
Advertising
Promotional expenses
Accountancy fees
Grants payable - individuals|**General**
**£**
750
(200)
459
58,463
2,346
2,000
2,166
242
7,036
1,500
1,466
76,228|**Total**
**2022**
**£**
750
(200)
459
58,463
2,346
2,000
2,166
242
7,036
1,500
1,466
76,228|**Total**
**2021**
**£**
1,500
(750)
207
4,495
5,130
-
389
888
-
1,500
-|
|---|---|---|---|
||||13,359|
## **5 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
## **6 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 11
## **Jessica's Sarcoma Awareness**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **7 Tangible fixed assets**
|**7**
**Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**8**
**Stock**
Stocks
**9**
**Cash and cash equivalents**
Cash at bank
**10 Creditors: amounts falling due within one year**
Trade creditors
Accruals
Deferred income|**Land and**
**buildings**
**£**
250,000
-||**Furniture and**
**equipment**
**£**
1,379
1,883
3,262
207
459
666
2,596
1,172
**2022**
**£**
200
**2022**
**£**
23,458
**2022**
**£**
13,108
1,500
-
14,608||**Total**
**£**
251,379
1,883
253,262
207
459
666
252,596
251,172
**2021**
**£**
750|
||250,000||3,262|||
||-
-||207
459|||
||-||666|||
||250,000||2,596|||
||250,000||1,172|||
||||**2022**
**£**
200
**2022**
**£**
23,458
**2022**
**£**
13,108
1,500
-
14,608|||
||||||**2021**
**£**
34,319|
||||||**2021**
**£**
11,108
1,500
9,500|
||||||22,108|
Page 12
## **Jessica's Sarcoma Awareness**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
|**11 Reserves**|||||||||
|---|---|---|---|---|---|---|---|---|
|||||||**Unrestricted**|||
|||||||**revaluation**|||
||||||||**reserve**|**Total**|
||||||||**£**|**£**|
|At 1 April 2021|||||||34,850|34,850|
|At 31 March 2022|||||||34,850|34,850|
|**12 Funds**|||||||||
||**Balance at 1**|||**Incoming**||**Resources**||**Balance at 31**|
|||**April 2021**||**resources**|||**expended**|**March 2022**|
|||**£**|||**£**||**£**|**£**|
|**Unrestricted funds**|||||||||
|**_General_**|||||||||
|General fund||264,133|||73,741||(76,228)|261,646|
||||||||**Other**|**Balance at**|
||**Balance at 1**||**Incoming**||**Resources**||**recognised**|**31 March**|
||**April**|**2020**|**resources**||**expended**||**gains/(losses)**|**2021**|
||**£**|||**£**||**£**|**£**|**£**|
|**Unrestricted funds**|||||||||
|**_General_**|||||||||
|General fund|188,656|||53,986||(13,359)|34,850|264,133|
|**13 Analysis of net assets between funds**|||||||||
|||||||**Unrestricted**||**Total funds at**|
||||||||**funds**|**31 March**|
||||||||**General**|**2022**|
||||||||**£**|**£**|
|Tangible fixed assets|||||||252,596|252,596|
|Current assets|||||||23,658|23,658|
|Current liabilities|||||||(14,608)|(14,608)|
|Total net assets|||||||261,646|261,646|
Page 13
## **Jessica's Sarcoma Awareness**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
251,172
25,569
(12,608)
264,133|**Restricted**
**funds**
**£**
-
9,500
(9,500)
-|**Total funds at**
**31 March**
**2021**
**£**
251,172
35,069
(22,108)|
|---|---|---|---|
||||264,133|
Page 14