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 2023
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 2023
| 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 2023
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 2023. 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 £368,839 (2022: £185,339) in revenue and finished the financial year with £246,032 (2022: £176,039) in reserves of which £206,292 (2022: £176,039) are unrestricted, which allows for approximately eight months of running costs.
Reserves policy
Due to ambitious plans to scale the activities of the charity in the next 2-4 years. it was decided to hold larger than average reserves to mitigate any risk in the current strategy. The amount of unrestricted reserves held at the year end was £206,292 (2022: £176,039).
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 2023
Registered Charity number
1187121
Registered office
Foden House 47 London Road Alderley Edge Cheshire SK9 7JT
Trustees
Dr S D'Sa Mr W R D Franks (resigned 13.7.23) Mr E W Low Dr H J M Scorer Ms N Wright (resigned 13.7.23) Ms J C Kidd (appointed 14.10.22) Mr C G Lilley (appointed 14.10.22)
Independent Examiner
Christopher Joyce FCCA 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.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Dr H J M Scorer - 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 2023.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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
Hysons Chartered Accountants 14 London Street Andover Hampshire SP10 2PA
Date: .............................................
Page 3
WMUK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 280,839 Other income 5,000 Total 285,839 EXPENDITURE ON Raising funds 3 32,561 Charitable activities 4 WM research and information 223,025 Total 255,586 NET INCOME 30,253 RECONCILIATION OF FUNDS Total funds brought forward 176,039 TOTAL FUNDS CARRIED FORWARD 206,292 |
Restricted fund £ 88,000 - 88,000 - 48,260 48,260 39,740 - 39,740 |
2023 Total funds £ 368,839 5,000 373,839 32,561 271,285 303,846 69,993 176,039 246,032 |
2022 Total funds £ 185,339 - |
|---|---|---|---|
| 185,339 | |||
| 35,107 135,025 |
|||
| 170,132 | |||
| 15,207 160,832 |
|||
| 176,039 |
The notes form part of these financial statements
Page 4
WMUK
BALANCE SHEET
31 MARCH 2023
| Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 211,568 CREDITORS Amounts falling due within one year 9 (5,276) NET CURRENT ASSETS 206,292 TOTAL ASSETS LESS CURRENT LIABILITIES 206,292 NET ASSETS 206,292 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 39,740 - 39,740 39,740 39,740 |
2023 Total funds £ 251,308 (5,276) 246,032 246,032 246,032 206,292 39,740 246,032 |
2022 Total funds £ 177,839 (1,800) 176,039 176,039 176,039 176,039 - 176,039 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 2023
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:
............................................. 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 2023
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 7
continued...
WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 2. DONATIONS AND LEGACIES Donations Gift aid Legacies 3. RAISING FUNDS Raising donations and legacies Postage and stationery Fundraising consultants Merchandise Fundraising fees 4. CHARITABLE ACTIVITIES COSTS WM research and information 5. SUPPORT COSTS Management Finance £ £ WM research and information 68,284 700 |
2023 £ 351,808 10,584 6,447 368,839 2023 £ - 31,818 - 743 32,561 Support Direct costs (see Costs note 5) £ £ 188,618 82,667 Information Governance technology costs £ £ 11,883 1,800 |
2022 £ 168,179 10,927 6,233 |
2022 £ 168,179 10,927 6,233 |
|---|---|---|---|
| 185,339 | |||
| 2022 £ 1,090 32,004 1,251 762 35,107 Totals £ 271,285 |
2022 £ 1,090 32,004 1,251 762 |
||
| 35,107 | |||
| Totals £ 82,667 |
Page 8
continued...
WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Other operating leases | - | 117 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
8. STAFF COSTS
The average number of employees during the year was 4 (2022: nil).
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Other creditors Accrued expenses |
2023 £ 2,400 611 141 2,124 5,276 |
2022 £ - - - 1,800 |
|---|---|---|
| 1,800 |
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds RMR TOTAL FUNDS |
At 1.4.22 £ 176,039 - 176,039 |
Net movement in funds £ 30,253 39,740 69,993 |
At 31.3.23 £ 206,292 39,740 |
|---|---|---|---|
| 246,032 |
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continued...
WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 285,839 (255,586) Restricted funds RMR 88,000 (48,260) TOTAL FUNDS 373,839 (303,846) Comparatives for movement in funds Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 160,832 15,207 TOTAL FUNDS 160,832 15,207 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 185,339 (170,132) TOTAL FUNDS 185,339 (170,132) |
Movement in funds £ 30,253 39,740 69,993 At 31.3.22 £ 176,039 176,039 Movement in funds £ 15,207 15,207 |
|---|---|
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continued...
WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 11
WMUK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Legacies Other income Employers N.I. allowance Total incoming resources EXPENDITURE Raising donations and legacies Postage and stationery Fundraising consultants Merchandise Fundraising fees Charitable activities Wages Social security Pensions Other operating leases Telephone Marketing Research RMR support Access Care costs Support manager Registry consultant Memberships and subscriptions Support costs Management Insurance Postage and stationery Carried forward |
2023 £ 351,808 10,584 6,447 368,839 5,000 373,839 - 31,818 - 743 32,561 77,705 5,682 671 - - - 48,260 39,739 3,736 - 12,825 188,618 180 200 380 |
2022 £ 168,179 10,927 6,233 |
|---|---|---|
| 185,339 - |
||
| 185,339 1,090 32,004 1,251 762 |
||
| 35,107 - - - 117 57 910 11,383 9,622 14,400 7,500 2,116 |
||
| 46,105 274 496 770 |
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 2023
| Management Brought forward Staff expenses Management and CEO consultancy Meeting expenses Finance Sundries Finance manager Bookkeeping Payroll services Information technology CRM system Information technology Website maintenance Governance costs Independent examiner fee Total resources expended Net income |
2023 £ 380 897 64,883 2,124 68,284 76 - 480 144 700 - 93 11,790 11,883 1,800 303,846 69,993 |
2022 £ 770 810 56,652 - |
|---|---|---|
| 58,232 163 17,745 1,900 - |
||
| 19,808 2,802 3,231 3,047 |
||
| 9,080 1,800 |
||
| 170,132 | ||
| 15,207 |
This page does not form part of the statutory financial statements
Page 13