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 2024
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 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Cash Flow Statement | 8 |
| Notes to the Cash Flow Statement | 9 |
| Notes to the Financial Statements | 10 to 14 |
WMUK (REGISTERED NUMBER: 12358324)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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 2024. 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's impact in 2023-24 included:
-
Publishing the UK's first guide aimed directly at people newly diagnosed with WM: Diagnosed with Waldenstrom's macroglobulinaemia? A guide to help you understand your diagnosis and get the support you need. It has since been viewed by 75% of the UK's newly diagnosed population.
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Publishing the UK's first WM Active Monitoring Checklist in a positive step towards improving and standardising WM care.
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The Rory Morrison Registry, the largest global source of WM data, achieved over 1600 patient records and we invested a further funds to future proof the technology that underpins the registry.
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We co-hosted the first ever European WM Patient Forum in September 2023, 81% of attendees said they felt more knowledgeable after the event.
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We launched our first Patient Financial Assistance Fund to help people with WM cope with the cost of living crisis. 124 patients received a one-off grant of £200. The majority used it to pay for travel costs associated with their treatment and to cover the rise in household costs - key areas that caused anxiety and stress for our community.
FINANCIAL REVIEW
Financial position
The charity received £538,580 (2023: £368,839) in revenue and finished the financial year with £476,653 (2023: £246,032) in reserves of which £421,653 (2023: £206,292) are unrestricted, which allows for approximately fifteen months of running costs.
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WMUK (REGISTERED NUMBER: 12358324)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Reserves policy
The Trustees have set a level equivalent to 12 months of operating costs for the organisation as a desired level of reserve. This fund is a contingency in the event of a sudden reduction in income in order to protect the future operation of the organisation from the effects of any unforeseen variations in its income and expenditure. It also provides a cash flow buffer for where grants and contracts are paid in arrears. The amount of unrestricted reserves held at the year end was £421,653 (2023: £206,292).
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)
Registered Charity number
1187121
Registered office
Foden House 47 London Road Alderley Edge Cheshire SK9 7JT
Trustees
Dr S D'Sa (resigned 25.1.24) Mr W R D Franks (resigned 13.7.23) Mr E W Low (resigned 18.12.23) Dr H J M Scorer Ms N Wright (resigned 13.7.23) Ms J C Kidd Mr C G Lilley
Independent Examiner
Christopher Joyce FCCA Hysons Chartered Accountants 14 London Street Andover Hampshire SP10 2PA
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WMUK (REGISTERED NUMBER: 12358324)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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 12 December 2024 and signed on its behalf by:
Dr H J M Scorer - Trustee
Page 3
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 2024.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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
13 December 2024
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WMUK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 333,401 Other income 5,000 Total 338,401 EXPENDITURE ON Raising funds 3 25,398 Charitable activities 4 WM support, research and information 97,642 Total 123,040 NET INCOME 215,361 RECONCILIATION OF FUNDS Total funds brought forward 206,292 TOTAL FUNDS CARRIED FORWARD 421,653 |
Restricted funds £ 205,179 - 205,179 - 189,919 189,919 15,260 39,740 55,000 |
2024 Total funds £ 538,580 5,000 543,580 25,398 287,561 312,959 230,621 246,032 476,653 |
2023 Total funds £ 368,839 5,000 |
|---|---|---|---|
| 373,839 | |||
| 32,561 271,285 |
|||
| 303,846 | |||
| 69,993 176,039 |
|||
| 246,032 |
The notes form part of these financial statements
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WMUK (REGISTERED NUMBER: 12358324)
BALANCE SHEET
31 MARCH 2024
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 8 31,137 Cash at bank 403,024 434,161 CREDITORS Amounts falling due within one year 9 (12,508) NET CURRENT ASSETS 421,653 TOTAL ASSETS LESS CURRENT LIABILITIES 421,653 NET ASSETS 421,653 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 55,000 55,000 - 55,000 55,000 55,000 |
2024 Total funds £ 31,137 458,024 489,161 (12,508) 476,653 476,653 476,653 421,653 55,000 476,653 |
2023 Total funds £ - 251,308 251,308 (5,276) 246,032 246,032 246,032 206,292 39,740 246,032 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
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The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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
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continued...
WMUK (REGISTERED NUMBER: 12358324)
BALANCE SHEET - continued
31 MARCH 2024
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 12 December 2024 and were signed on its behalf by:
Dr H J M Scorer - Trustee
The notes form part of these financial statements
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WMUK
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ 206,716 206,716 206,716 251,308 458,024 |
2023 £ 73,469 |
|---|---|---|
| 73,469 | ||
| 73,469 177,839 |
||
| 251,308 |
The notes form part of these financial statements
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WMUK
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement | |||
| of Financial Activities) | 230,621 | 69,993 | |
| Adjustments for: | |||
| Increase in debtors | (31,137) | - | |
| Increase in creditors | 7,232 | 3,476 | |
| Net cash provided by operations | 206,716 | 73,469 | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.4.23 | Cash flow | At 31.3.24 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 251,308 | 206,716 | 458,024 |
| 251,308 | 206,716 | 458,024 | |
| Total | 251,308 | 206,716 | 458,024 |
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
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WMUK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
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.
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WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
2. DONATIONS AND LEGACIES
| Donations Gift aid Legacies RAISING FUNDS Raising donations and legacies Fundraising consultants Fundraising fees CHARITABLE ACTIVITIES COSTS Direct Costs £ WM support, research and information 249,121 |
2024 £ 517,771 18,655 2,154 538,580 2024 £ 17,642 7,756 25,398 Support costs (see note 5) £ 38,440 |
2023 £ 351,808 10,584 6,447 |
2023 £ 351,808 10,584 6,447 |
|---|---|---|---|
| 368,839 | |||
| 2023 £ 31,818 743 32,561 Totals £ 287,561 |
2023 £ 31,818 743 |
||
| 32,561 |
3. RAISING FUNDS
4. CHARITABLE ACTIVITIES COSTS
5. SUPPORT COSTS
| SUPPORT COSTS | |||||
|---|---|---|---|---|---|
| Information | Governance | ||||
| Management | Finance | technology | costs | Totals | |
| £ | £ | £ | £ | £ | |
| WM support, research | |||||
| and information | 21,299 | 7,388 | 7,953 | 1,800 | 38,440 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
7. STAFF COSTS
The average number of employees during the year was 3 (2023: 4).
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accrued expenses 10. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 206,292 Restricted funds RMR 39,740 Access to Care - App - 39,740 TOTAL FUNDS 246,032 |
2024 £ 31,137 2024 £ - 4,297 6,159 2,052 12,508 Net movement in funds £ 215,361 (39,740) 55,000 15,260 230,621 |
2023 £ - 2023 £ 2,400 611 141 2,124 5,276 At 31.3.24 £ 421,653 - 55,000 |
2023 £ - |
|---|---|---|---|
| 2023 £ 2,400 611 141 2,124 |
|||
| 5,276 | |||
| 55,000 | |||
| 476,653 |
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WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 338,401 (123,040) Restricted funds RMR - (39,740) Access to Care - App 205,179 (150,179) 205,179 (189,919) TOTAL FUNDS 543,580 (312,959) Comparatives for movement in funds Net movement At 1.4.22 in funds £ £ Unrestricted funds General fund 176,039 30,253 Restricted funds RMR - 39,740 TOTAL FUNDS 176,039 69,993 Comparative 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) |
Movement in funds £ 215,361 (39,740) 55,000 15,260 230,621 At 31.3.23 £ 206,292 39,740 246,032 Movement in funds £ 30,253 39,740 69,993 |
|---|---|
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WMUK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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