++++++
+++++
+,+++++
i]?nK Acheinu
Cancer
ACS.
SuDPOrt
with you in every way
•+++•+
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ANNUAL REPORT AND ACCOUNTS
FOR THE YE4R ENDING 31ST DECEMBER 2020
Charity Number: 1181606
## LEGAL AND ADMINISTRATIVE DETAILS:
**Trustees**
**Mr Morris Herzog Mr Y Kohn Mr Moshe Hersh Kahan**
**Charity number** 1181606 **Registered office** 99 - 101 Dunsmure Road London N16 5HT **Telephone:** 020 8806 7227 **Website:** www.acscancer.org.uk **Email:** info@acscancer.org.uk **Independent examiner:** Mr J Silver FCCA Precision Ltd 32 Castlewood Road London N16 6DW **Bankers:** Lloyds Bank PLC Lewisham London SE13 6JG
2
## TABLE OF CONTENTS:
|**Trustees Report**|Page 4-6|
|---|---|
|**Achievements and performance**|Page 7|
|**Projects and services provided and expanded in 2020**|Page 8-9|
|**Targets**|Page 10|
|**Gratitude**|Page 11|
|**Independent examiner’s report**|Page 12|
|**Statement of Financial Activities**|Page 13|
|**Balance Sheet**|Page 14|
|**Notes to the financial statements**|Page 15-22|
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|||
3
## Trustees Report Year Ended 31[st] December 2020
The trustees present their report and financial statements for the year ended 31 December 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and 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 (as amended for accounting periods commencing from 1 January 2016)
Acheinu Cancer Support (ACS) supports people struggling with cancer from initial diagnosis up until remission.
ACS supports better quality of life and end of life cancer care. Currently, many people with cancer may not receive the support they need, therefore from that first terror-stricken phone call, we’re here to support cancer patients and their loved ones all the way to hopefully recovery. Referrals, second opinions, emotional and spousal support. Acheinu is a rock of comfort in a roiling sea of fear and uncertainty.
Our mission is to ease the treatment process, speed up crucial processes and help patients navigate the maze of options available to them by using our connections and resources to obtain appointments with the right specialists. Most of all, ACS aims to help patients and their loved ones feel supported and cared for, giving them the boost they need to continue to battle cancer with courage.
We concentrated on further developing our support, so that our users benefited from a range of strategies simultaneously. Plans for the future include building a community hub, providing a safe space where a variety of support services will be offered under one roof, to complete the process of providing an all-encompassing support service to our vulnerable & suffering users.
There continues to be significant change and uncertainty in the external environment in which we operate, due to the impact of the coronavirus pandemic. We are continually looking for new and more efficient ways of delivering our services, such as listening and acting on feedback shared by people living with cancer; improving the way we work with partner organisations and our volunteers and employees.
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation and is controlled by its governing document dated 01 August 2018 which includes the objects of the charity. It was registered as a charity on the 1 7 January 2019. The trustees who served during the year and up to the date of signature of the financial statements were:
Mr Morris Herzog Mr Y Kohn Mr Moshe Hersh Kahan
ACS have developed policies and procedures that reflect our organisational values. We are committed to maintaining high ethical standards such as safeguarding the welfare of all our employees, volunteers and everyone who receives our support. We believe all children and adults have the right to protection from all types of harm or abuse. Our employees and volunteers have a duty to prevent the abuse of children and adults and report any safeguarding concerns to the relevant person. We support and train our people and monitor performance in such areas as safeguarding, health and safety, information security and data protection .
4
ACS services are provided to all without discrimination. We value gender equality; and neurodiversity. We value differences in employees, volunteers, professionals, people living with cancer and supporters. ACS understands and responds to their different needs and situations.
Day-to-day management of activities is carried out by the Director, supported by a Projects Coordinator, Finance Manager and administrative support. ACS's patient coordinators are under continuous supervision, adhering to full training relevant to their posts. Activities are supervised and run by our Project Coordinator, 8 part-time employees, as well as 10 dedicated volunteers.
The Trust Deed requires that the number of Trustees shall not be less than three, and no more than seven. The power to appoint new Trustees is vested in the existing Trustees. It is not currently the intention of the charity to appoint new trustees. However, shall the situation change in the future, new Trustees will be recruited for their competence, specialist skills and ability to promote the objectives of the Charity. New Trustees are appointed by the resolution of the Trustees, which is recorded in the minutes and signed by a Trustee, and are given induction and appropriate training by the current Trustees.
The Board and its committees meet minimum four times a year. The Board has delegated specific responsibilities to its committees, each of which has detailed terms of reference and reports to the Board. The remit of the committees is reviewed regularly to ensure they continue to work well.
If the charity is wound up or upon dissolution the remaining assets must be distributed to not-for-profit organisations as detailed in the constitution.
None of the trustees has any beneficial interest in the charity. The trustees' report was approved by the Board of Trustees. The trustees have paid due regard to the guidance issued by the Charity Commission contained in the Charity Commission's general guidance on public benefit in deciding what activities the charity should undertake.
## **Objectives and activities:**
Our primary, overarching aim continues to support the relief of sickness and the preservation and protection of good health for the public benefit among people and their families/carers who are suffering from or living with a diagnosis of cancer. This is achieved by providing and assisting in the provision of treatment, facilities, practical and emotional support and guidance through appropriate referrals and signposting to enable such people to receive immediate help and support if not otherwise readily available, due to lack of financial means.
The charity works with people of all ages including children, young people and the elderly.
As we write this report, we are in a very different mind-set from a year ago. We are now looking forward with a mixture of hope and trepidation to what lies ahead. However, when we look back over the year we are reporting on, we have lots to be grateful for. The year till December 2020 was one of consolidation and improvement where we continued to develop our services in order to ensure our users gained the appropriate support to give them and their families a greatly improved quality of life and better emotional equilibrium.
5
## Financial review:
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
After the previous year which was our first, we oversaw an unpredictable level of growth in our income of over 205%, with expenditure paralleling this figure. Our level of free reserves has increased to £27,848 and we now have three months running costs in reserves ensuring financial stability for our organisation. Looking ahead, we continue to remain confident in our charity to raise funds from the community as well as from grant giving charities. We also plan to broaden our fundraising base by accessing statutory funding from local authorities and acting on market research that we have undertaken locally.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. All financial transactions and payments are authorised by two unrelated payment authorises.
Mr Moshe Hersh Kahan
Trustee
Dated: 10/05/2021
6
## Achievements and Performance
ACS is still a fairly new organisation. Nevertheless during 2020, ACS invested over 2300 hours in supporting cancer patients and their family members to access the services they need. ACS received over 800 telephone calls during 2020 leading to 43 cancer patients receiving vital care, with the total number of close family members benefiting from other support services being over 300, which is approximately a 200% increase over 2019.
During the year £349,544 was spent on services benefiting people affected by cancer.
**----- Start of picture text -----**
Cooked meals Therapy room
Toy packages
Therapeutic supplies
Food packages
**----- End of picture text -----**
7
## Projects and services provided and expanded in 2020
Patient liaising and companionship ACS patient coordinators are a key part of the cancer care workforce. They act as a single point of contact for people living with cancer, their relatives and carers. They coordinate appointments, signpost to sources of information, liaise with doctors and provide a listening ear for those in need.
Medical advice and referrals: ACS provide opportunities for people to communicate with professionals and assess their physical, psychological and social needs. We enable people living with cancer to have better conversations with healthcare professionals to identify their all-round needs and concerns. in the past year, we made contact with a total of 14 NHS Hospitals, Oncology wards and Cancer care units to help them understand the role of ACS and to receive their full consent. Additionally, due to the Covid-19 disruption we used 6 private care hospitals to speed up diagnostics.
Financial assistance: To help prevent the financial impact of cancer turning into a crisis, ACS has employed an advice worker - generously funded by The City Bridge Trust- who provides benefit advice and grant application support. Grants enable sufferers to purchase essential items like a new washing machine, comfortable mattress or medical equipment, as well as funding special gifts and respite care. ACS helped cancer patients access over 20 individual grants totalling over £5,000. Additionally, £50,000 of identified financial gains were unlocked when reviewing benefit entitlement for people living with cancer through the ACS Benefits Advice schemes.
Medical Assistance: 19 people received personal, high impact support from one or more of our ACS professionals or services. ACS paid for over 70 private tests including; 12 MRI scans, 13 ultrasounds, 23 private treatments not funded by NHS, and 22 medical consultant fees. ACS will never put money in the way of someone’s health, and will therefore fund full diagnostic tests to push treatment forward.
Food Assistance: Parents who are consumed with the task of caring for an ill child or spouse were granted the peace of mind with the assurance that the family at home were well taken care of. We provided essential household deliveries and warm cooked meals for patients and other family members at home.
Care Packages: Individual pampering packages were sent out to cancer patients including; surprise breakfast baskets, books, barbeques, gifts, massage gift vouchers and holiday packages.
Toys: We provided games and toys to keep children in isolation stimulated and entertained. ACS launched a new toy library sponsored by The National Lottery thus enabling young cancer patients and their siblings to enjoy a variety of toys, games, interactive computers, DVD’s and more.
8
Retreats: We are extremely grateful to Delapage for funding retreats, allowing patients and their close family members in desperate need of respite to relax for a few days in the countryside, rejuvenating themselves. We also organised Day trips for the entire family to places of interest including trips to Sea Life London Aquarium, and Gulliver’s World which offered everyone in the family the chance to enjoy a relaxing and enjoyable day out.
Therapeutic support: ACS largely expanded its mental health support services during 2020 thus providing support to maintain emotional wellbeing through the difficult journey by offering free individual therapy sessions to children and adults affected by cancer, Art therapy and support groups which allow those in similar situations to share experiences and strengthen each other.
Complementary therapies: – We sponsored complementary therapies for patients including; acupuncture, reflexology, therapeutic massage. ACS supplied vitamins and supplements recommended by professionals which boosts the immune system.
Support for Schools – ACS provided support to students affected by a cancer diagnosis in their family as well as reaching out to their fellow friends, teachers and head teachers.
Hospital Transport: ACS provided a 24/7 transport service to reduce stress when trying to get to hospital.
## **Monitoring and outcomes:**
We monitored and evaluated how well the different projects worked together and the impact they made on people’s lives. This has and will continue to enable us to understand the best ways to provide personalised, joined-up care to people living with cancer, wherever they may be.
Feedback has showed that all our support and services have made and continue to make a huge difference to people’s quality of life and outcomes. Our support gave people improved mental health, lessening the negative impact of illness, isolation and loneliness. Positive differences included reduced stress, improved family relationships, improved physical health and improved emotional wellbeing of those suffering with cancer .
When he started treatment for lung cancer, D had to cut down his working hours at his job. The resulting drop in income, and extra costs caused by his cancer, hit hard financially and left him feeling helpless.
_“_ I _spoke to someone on the ACS Support Line and they told me I should be entitled to more benefits. ACS helped me receive a Grant and benefits worth £ 150 per week.”_
_Mr D, age 38_
9
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Targets:
**----- End of picture text -----**
Target 1: In 2021 we will improve our website, including a new section with up-to-date information and support about cancer and coronavirus. Anyone reaching out will have the ability to access a wealth of information attractively presented as well as be directed to the right support service.
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Target 3:
**----- End of picture text -----**
Our aim is to achieve the most efficient and effective model of managing our organisation. This is so we can have an even greater positive impact on the lives of people living with cancer. All our employees are strongly motivated by our cause and empowered to do the very best they can for people with cancer. We will constantly review our processes and accountabilities, and seek efficiencies at all levels while never compromising the services we provide or our impact on people’s lives.
effective model of managing our organisation. This is so we can have an Target 2: even greater positive impact on the lives of people living with cancer. All our employees are strongly motivated by our cause and empowered to do the very best We are seeking to expand our they can for people with cancer. We will emotional support services and constantly review our processes and accountabilities, and seek efficiencies at all will be offering support groups both for adults and children alike. levels while never compromising the These groups will be facilitated by services we provide or our impact on a professional therapist providing people’s lives. them with a non-judgmental and confidential environment, enabling them to be free and honest with their feelings.
Target 4: ACS will continue reaching out to professionals, network with doctors and nurses as well as uphold connections with other professionals in the field. Working in partnership enables us to reach out and support more people living with cancer in need of our help and services. Additionally, we believe that raising awareness and actively screening for cancer are the best ways to help people defeat this frightening disease. We will aim to raise awareness through continuous events and gettogethers, coupled with sharing educational information packs to advocate for early screening and prevention.
10
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Gratitude:
**----- End of picture text -----**
At the time of writing this report we are still faced with the unprecedented challenge of the coronavirus pandemic. Even so, we are immensely grateful to each and every one of our donors who have supported us during these challenging times enabling us to run our organisation effectively and support those in desperate need.
The charity was successful in raising a total of £448,381
In January 2020 we hosted a gala dinner which was well received by the community with over 800 people in attendance. Funds raised at the dinner have enabled us to provide fast and effective medical advice, referrals and fund private appointments and scans where necessary. Additionally, we campaigned for members in the community to donate £1 weekly via standing order and are grateful to the over 500 people who have signed up!
_“We decided to donate weekly something to ACS as we know first-hand what a difference ACS’s support can make. They were able to help me; but they also need to be able to help people living with cancer in the future.” (Mrs f, age 31)_
With the ever-challenging fundraising climate and increasing number of organisations in need of funds, we truly appreciate all the grant making charities whose generosity has enabled a total of 300 people to benefit from emotional support including therapy, gift packages, toys, retreats and financial stability through our benefit advice support.
These include:
- ❖ The National Lottery Community Fund/HM Government
- ❖ Delapage
- ❖ City Bridge Trust
- ❖ The London Community Foundation
- ❖ London Community Response Fund
- ❖ The Big Give
- ❖ The Julia and Hans Rausing Trust
- ❖ The Henry Smith Charity
- ❖ Merlin’s Magic Wand
- ❖ Charities Aid Foundation
- ❖ East End Community Foundation
- ❖ Awards for all
- ❖ Pink Ribbon
- ❖ Hackney Giving
- ❖ Adamson Trust
- ❖ Haringey Giving
- ❖ Tesco Bags of Help
- ❖ Waddilove
11
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACHEINU CANCER SUPPORT**
I report to the trustees on my examination of the financial statements of Acheinu Cancer Support (the charity) for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all 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. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by 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 now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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.
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 financial statements to be reached
J Silver FCCA Precision Ltd 32 Castlewood Road N16 6DW
10/05/2021 Dated: ____________________
12
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**Unrestricted** **Restricted**
**funds**
**funds**
**2020**
**2020**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
346,341
102,040
**Expenditure on:**
Raising funds
**4**
78,636
-
Charitable activities
**5**
247,504
102,040
**Total resources expended**
**Net income for the year/**
**Net movement in funds**
20,201
-
Fund balances at 1 January 2020
7,647
-
**Fund balances at 31 December 2020**
3
2
6
,
1
4
0
1
0
2
,
0
4
0
2
7
,
8
4
8
-|**Total**
**2020**
**£**
448,381
78,636
349,544
20,201
7,647
4
2
8
,
1
8
0
2
7
,
8
4
8|Total
2019
**£**
147,280
24,205
115,428
7,647
-
1
3
9
,
6
3
3
7
,
6
4
7|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
13
**BALANCE SHEET AS AT 31 DECEMBER 2020**
|**2020**
**Notes**
**£**
**£**
**Fixed assets**
Tangible assets
**10**
15,802
**Current assets**
Debtors
**11**
7,500
Cash at bank and in hand
55,830
63,330
**Creditors: amounts falling due within**
**one year**
**13**
(10,034)
Net current assets
53,296
**Total assets less current liabilities**
69,098
**Creditors: amounts falling due after**
**more than one year**
**14**
(41,250)
**Net assets**
27,848
**Income funds**
Unrestricted funds
27,848
27,848|**2019**
**£**
-
4,077
4,077
(1,927)|**£**
5,497
2,150
7,647
-
7,647
7,647
7,647|
|---|---|---|
10/05/2021 The financial statements were approved by the Trustees on ......................... ____________________
Mr Moshe Hersh Kahan
Trustee
14
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. Accounting policies Charity information**
Acheinu Cancer Support is a public benefit entity and a Charitable Incorporated Organisation registered in England and Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
15
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
**1. Accounting policies (continued)**
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
## **1.5 Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% RBM Computers 15% RBM
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine 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 estimated in order to determine the extent of the impairment loss (if any). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
16
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
_**1. Accounting policies (continued) Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment s discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
17
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **3 Donations and legacies**
|**Unrestricted**
**f**
**d**
**Restricted**
**f**
**d**
**2020**
**£**
**2020**
**£**
Donations and gifts
Grant Income
345,685
656
-
102,040
346,341
102,040
**For the year ended 31 December 2019**
147,280
-|**Total**
**2020**
**£**
345,685
102,696
448,381|Total
2019
£
147,280
-
147,280
147,280|
|---|---|---|
During the period the charity's loan interest and fees have been covered by the goverments Business Interruption Payments under the[Bounce Back Loan Scheme in the sum of £656.]
**4** Raising funds
|**Unrestricted**
**funds**
**2020**
**£**
Fundraising and publicity
Staging fundraising events
Advertising
76,700
1,936
Fundraising and publicity
78,636
78,636|Total
2019
£
5,104
19,101
24,205
24,205|
|---|---|
18
- 9 -
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
|**5**|||||||||
|---|---|---|---|---|---|---|---|---|
||**Charitable activities**|**Medical**
**Care**|**Mental**
**health &**
**wellbeing**|**Family**
**support**|**Care**
**Services**|**Support**
**Costs**|**Total**
**2020**|**Charitable**
**Expenditure**|
|||**2020**|**2020**|**2020**|**2020**|**2020**||**2019**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
||Staff costs|7,149|2,772|4,165|-|30,868|44,954|5,666|
||Depreciation and impairment|-|-|-|-|2,835|2,835|1,032|
||Charitable Expenditure|115,157|22,027|58,423|29,722|-|225,329|100,213|
|||122,306|24,799|62,588|29,722|33,703|273,118|106,911|
||Grant funding of activities (see note 6)|-|-|5,661|-|-|5,661|-|
||Share of support costs (see note 7)|-|-|-|-|62,151|62,151|5,835|
||Share of governance costs (see note 7)|-|-|-|-|8,614|8,614|2,682|
|||122,306|24,799|68,249|29,722|104,468|349,544|115,428|
||**Analysis by fund**||||||||
||Unrestricted funds|116,106|-|9,826|17,104|104,468|247,504|115,428|
||Restricted funds|6,200|24,799|58,423|12,618|-|102,040|-|
|||122,306|24,799|68,249|29,722|104,468|349,544|115,428|
||**For the year ended 31 December 2019**||||||||
||Unrestricted funds|115,428|-|-|-|-|||
19
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **6 Grants payable**
|Grants to institutions:
Grants to individuals
**Support costs**
Office rent
General office expenses
IT Services
Advertising
Staff training
Accountancy
Legal and professional
Bank Charges & Other fees
Bank loan interest
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
12,113
-
6,077
-
6,776
-
35,286
-
1,899
-
-
900
-
1,522
-
5,536
-
656|**Financial**
**support**
**2020**
**£**
161
5,500
5,661
**2020**
**£**
12,113
6,077
6,776
35,286
1,899
900
1,522
5,536
656
70,765
70,765|2019
£
-
-|
|---|---|---|---|
||||-|
||||2019
£
5,460
375
-
-
-
900
1,390
392
-|
||62,151
8,614||8,517|
||62,151
8,614||8,517|
## **7 Support costs**
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year
20
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **9 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries|**2020**
**2019**
**Number**
**Number**
4
1|
|---|---|
||**2020**
**2019**
**£**
**£**
44,954
5,666|
|**10**
**Tangible fixed assets**
**Cost**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation and impairment**
At 1 January 2020
Depreciation charged in the year
At 31 December 2020
**Carrying amount**
At 31 December 2020
At 31 December 2019
**11**
**Debtors**
**Amounts falling due within one year:**
Other debtors|**Fixtures and**
**fittings**
**Computers**
**Total**
**£**
**£**
**£**
529
6,000
6,529
-
13,140
13,140|
|---|---|
||529
19,140
19,669|
||132
900
1,032
99
2,736
2,835|
||231
3,636
3,867|
||298
15,504
15,802|
||397
5,100
5,497|
||**2020**
**2019**
**£**
**£**
7,500
-|
The above loans are short term loans made for charitable purposes in the course of carrying out the charity’s objectives
21
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **12 Loans and overdrafts**
|**Loans and overdrafts**|||
|---|---|---|
|Bank loans
Payable within one year
Payable after one year|**2020**
**£**
45,000
3,750
41,250|**2019**
**£**
-|
|||-
-|
The above long-term loan is guaranteed by the government under the Bounce back loan scheme.
The loan accrues interest at 2.5% p.a.
## **13 Creditors: amounts falling due within one year**
|**Notes**
Bank loans
**12**
Other taxation and social security
Other creditors
Accruals and deferred income
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**12**|**2020**
**£**
3,750
669
4,667
948
10,034
**2020**
**£**
41,250|**2019**
**£**
-
-
-
1,927|
|---|---|---|
|||1,927|
|||**2019**
**£**
-|
## **14 Creditors: amounts falling due after more than one year**
## **15 Related party transactions**
There were no disclosable related party transactions during the year (2019 – none)
22