REGISTERED COMPANY NUMBER: 12358324 (England and Wales) REGISTERED CHARITY NUMBER: 1187121
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
WMUK
(A COMPANY LIMITED BY GUARANTEE)
Hysons Chartered Accountants 14 London Street Andover Hampshire SP10 2PA
WMUK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
WMUK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES Objectives and aims
The main purposes and objectives of the charity were:
To promote and protect the physical and mental health of people affected by Waldenstrom's macroglobulinaemia ("WM") through the provision, in particular but not exclusively, of financial assistance, information, support, education and practice advice.
The relief of sickness and the preservation of health, in particular but not exclusively, by promoting and supporting research into WM and the development of more effective treatments and care for patients with WM.
To advance the education of the general public in all areas relating to WM.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
WMUK is the only charity in the UK focused solely on WM, a rare type of blood cancer. Through a dedicated website and information service, WMUK has provided a community for WM patients where they can seek information, share concerns and benefit from sharing their experiences of the disease. In addition, WMUK have through their Rory Morrison Registry, collected data which has supported the approval of new treatments for WM and increased the number of treatments for WM and increased the number of treatment options available to patients. The patient/doctor summit has allowed a large part of the WM community to meet together for the first time and share current learning in the WM world and give patients access to WM experts.
FINANCIAL REVIEW
Financial position
The charity received £185,339 (2021: £124,817) in revenue and finished the financial year with £176,039 (2021: £160,832) in reserves, which allows for approximately eighteen months of running costs.
Reserves policy
Due to ambitious plans to scale the activities of the charity in the next 3-5 years. it was decided to hold larger than average reserves to mitigate any risk in the current strategy. The amount of reserves held at the year end was £176,039 (2021: £160,832).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
12358324 (England and Wales)
Page 1
WMUK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Registered Charity number 1187121
Registered office
Foden House 47 London Road Alderley Edge Cheshire SK9 7JT
Trustees
Dr S D'Sa Dr D A El-Sharkawi (resigned 11.3.22) Mr W R D Franks Dr J Kothari (resigned 11.3.22) Mr E W Low Ms A H S Mccarthy (resigned 11.3.22) Dr G E D Pratt (resigned 11.3.22) Mr C L Rainford (resigned 11.3.22) Dr H J M Scorer Ms N Wright Ms J C Kidd (appointed 14.10.22) Mr C G Lilley (appointed 14.10.22)
Independent Examiner
Christopher Joyce FCCA Association of Chartered Certified Accountants Hysons Chartered Accountants 14 London Street Andover Hampshire SP10 2PA
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
22/12/2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Mr W R D Franks - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WMUK
Independent examiner's report to the trustees of Wmuk ('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 the Company 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Christopher Joyce FCCA Association of Chartered Certified Accountants Hysons Chartered Accountants 14 London Street Andover Hampshire SP10 2PA
23/12/2022 Date: .............................................
Page 3
WMUK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Year Ended 31.3.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 185,339 EXPENDITURE ON Raising funds 3 35,107 Charitable activities 4 WM research and information 135,025 Total 170,132 NET INCOME 15,207 RECONCILIATION OF FUNDS Total funds brought forward 160,832 TOTAL FUNDS CARRIED FORWARD 176,039 |
Period 11.12.19 to 31.3.21 Total funds £ 252,878 12,986 79,060 92,046 160,832 - 160,832 |
|---|---|
The notes form part of these financial statements
Page 4
WMUK
BALANCE SHEET 31 MARCH 2022
| Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
2022 Unrestricted fund £ 177,839 (1,800) 176,039 176,039 176,039 176,039 176,039 |
2021 Total funds £ 160,832 - 160,832 160,832 160,832 160,832 160,832 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
WMUK
BALANCE SHEET - continued 31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 22/12/2022
............................................. Mr W R D Franks - Trustee
............................................. Dr H J M Scorer - Trustee
The notes form part of these financial statements
Page 6
WMUK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 7
continued...
WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
2. DONATIONS AND LEGACIES
| Donations Gift aid Legacies Transfer of assets from old WMUK charity 3. RAISING FUNDS Raising donations and legacies Postage and stationery Fundraising consultants Merchandise Fundraising fees 4. CHARITABLE ACTIVITIES COSTS WM research and information |
Year Ended 31.3.22 £ 168,179 10,927 6,233 - 185,339 Year Ended 31.3.22 £ 1,090 32,004 1,251 762 35,107 Support Direct costs (see Costs note 5) £ £ 46,105 88,920 |
Period 11.12.19 to 31.3.21 £ 110,172 9,068 5,577 128,061 252,878 Period 11.12.19 to 31.3.21 £ - 12,153 473 360 12,986 Totals £ 135,025 |
|---|---|---|
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continued...
WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
5. SUPPORT COSTS
| Management £ WM research and information 58,232 |
Information Governance Finance technology costs £ £ £ 19,808 9,080 1,800 |
Totals £ 88,920 |
|---|---|---|
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 11.12.19 | ||
| Year Ended | to | |
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Other operating leases | 117 | 196 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the period ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the period ended 31 March 2021.
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 9. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 160,832 160,832 |
2022 £ 1,800 Net movement in funds £ 15,207 15,207 |
2021 £ - At 31.3.22 £ 176,039 176,039 |
|---|---|---|---|
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continued...
WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 185,339 185,339 |
Resources expended £ (170,132) (170,132) Net movement in funds £ 160,832 160,832 |
Movement in funds £ 15,207 15,207 At 31.3.21 £ 160,832 160,832 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 252,878 252,878 |
Resources expended £ (92,046) (92,046) |
Movement in funds £ 160,832 160,832 |
|---|---|---|---|
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continued...
WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 11
WMUK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Period | ||
|---|---|---|
| 11.12.19 | ||
| Year Ended | to | |
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 168,179 | 110,172 |
| Gift aid | 10,927 | 9,068 |
| Legacies | 6,233 | 5,577 |
| Transfer of assets from old WMUK | ||
| charity | - | 128,061 |
| 185,339 | 252,878 | |
| Total incoming resources | 185,339 | 252,878 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Postage and stationery | 1,090 | - |
| Fundraising consultants | 32,004 | 12,153 |
| Merchandise | 1,251 | 473 |
| Fundraising fees | 762 | 360 |
| 35,107 | 12,986 | |
| Charitable activities | ||
| Other operating leases | 117 | 196 |
| Telephone | 57 | 156 |
| Marketing | 910 | 900 |
| Research RMR support | 11,383 | 13,760 |
| Access Care costs | 9,622 | - |
| Support manager | 14,400 | - |
| Registry consultant | 7,500 | - |
| E-news subscription | - | 29 |
| Memberships and subscriptions | 2,116 | 850 |
| Summit events refunds | - | (320) |
| 46,105 | 15,571 | |
| Support costs | ||
| Management | ||
| Insurance | 274 | 224 |
| Carried forward | 274 | 224 |
This page does not form part of the statutory financial statements
Page 12
WMUK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Period | ||
|---|---|---|
| 11.12.19 | ||
| Year Ended | to | |
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Management | ||
| Brought forward | 274 | 224 |
| Postage and stationery | 496 | 4,824 |
| Staff expenses | 810 | 313 |
| Administrative consultancy | - | 20,400 |
| Management and CEO consultancy | 56,652 | 28,371 |
| Recruitment cost | - | 295 |
| 58,232 | 54,427 | |
| Finance | ||
| Sundries | 163 | - |
| Bank charges | - | 2 |
| Finance manager | 17,745 | - |
| Bookkeeping | 1,900 | 1,100 |
| 19,808 | 1,102 | |
| Information technology | ||
| CRM system | 2,802 | 3,504 |
| Information technology | 3,231 | 540 |
| Website maintenance | 3,047 | 3,136 |
| 9,080 | 7,180 | |
| Governance costs | ||
| Independent examiner fee | 1,800 | 780 |
| Total resources expended | 170,132 | 92,046 |
| Net income | 15,207 | 160,832 |
This page does not form part of the statutory financial statements
Page 13