## **Dear Toby Trust**
**Charity No. 1187575**
**Trustees' Report and Unaudited Accounts**
**31 March 2024**
## **Dear Toby Trust Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2- 3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Accounts|6 - 9|
|Statement of Cash flows|10|
|Detailed Statement of Financial Activities|11|
1
## **Dear Toby Trust Trustees Annual report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
## **REFERENCE AND ADMINITSRATIVE DETAILS**
**Charity No. 1187575 Principal Office** 25 The Street All Cannings Devizes Wiltshire SN10 3PA
## **Trustees**
The following trustees served during the year: Jack Bartram Tamzin Golding Nathan Hambrook-Skinner Verity Hambrook-Skinner Patrick Richardson Katie Woodward
**Key Management Personnel** Chairman
Nathan Hambrook-Skinner
**Accounts Prepared By** FTI Consulting LLP 200 Aldersgate London EC1A 4HD No opinion is provided on the financial statements
## **Bankers**
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
2
## **Dear Toby Trust Trustees Annual report**
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document is to relieve sickness and to preserve and protect good health for the public benefit of children with cancer, by funding new research, providing financial support to trainee oncology and haematology nurses and financial assistance to those caring for seriously ill children and infants. Additionally, the charity seeks to advance the education of the public in childhood cancer funding and treatment and the critical role played by nurses, hospital staff and volunteers in caring for and nurturing seriously ill infants and children.
## **ACHIEVEMENTS AND PERFORMANCE**
The Trust secured its first corporate partnership in March 2024 with FTI Consulting. Through this partnership we hope to fundraise as well as raise the profile of our charity through a variety of events. In addition, the charity has access to a number of pro-bono benefits via the partnership – including support with advocacy, accounting, communications, and networking. The Trust has also commissioned a new video to be produced in 2024 with the aim of increasing engagement and awareness with the charity objectives.
## **PLANS FOR FUTURE PERIODS**
On 1 June 2024 The Dear Toby Trust will host its first gala dinner and fundraiser – with the ambition to raise another £20k in one evening. Research in the UK is desperately underfunded with only 2% of cancer research funding dedicated to fighting children’s cancer. For many medical professionals at the vanguard of new and promising research, lack of funding is a barrier that can stand in the way of critical early discoveries. What’s lacking is prime funding – enabling researchers to obtain provisional data that can be the spark for an all important clinical trial. Just 10 to 20 thousand pounds could overcome this – providing an important and significant early step towards finding new and kinder ways to treat children with rare forms of cancer.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
Nathan Hambrook-Skinner Trustee 5 November 2024
3
## **Dear Toby Trust Statement of Financial Activities for the year ended 31 March 2024**
|Notes
**Income and endowments from:**
Donations and legacies
3
Investments
4
**Total**
**Expenditure on:**
Other
5
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds 2024**
**£**
47,495
157
47,653
276
47,377
-
47,377
-
47,377
47,377
44,096
91,473|
**Total funds**
**2024**
**£**
47,495
157
47,653
276
47,377
-
47,377
-
47,377
47,377
44,096
91,473|
**Total funds**
**2023**
**£**
16,157
56
16,213
1,088
15,125
-
15,125
-
15,125
15,125
28,971
44,096|
|---|---|---|---|
4
## **Dear Toby Trust Balance Sheet at 31 March 2024**
|**Charity No. 1187575**
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
7
**Unrestricted funds**
7
General funds
7
**Reserves**
**Total funds**|**2024**
**£**
91,473
91,473
91,473
91,473
91,473
91,473
91,473
91,473
91,473|**2023**
**£**
44,096
44,096
44,096
44,096
44,096
44,096
44,096
44,096
44,096|
|---|---|---|
Approved by the trustees on 5 November 2024 And signed on their behalf by:
Nathan Hambrook-Skinner Trustee 5 November 2024
5
## **Dear Toby Trust Notes to the Accounts for the year ended 31 March 2024**
## **1 Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Fund accounting**
|**Fund accounting**||
|---|---|
|Unrestricted funds|These are available for use at the discretion of the trustees in|
||furtherance of the general objects of the charity.|
|Designated funds|These are unrestricted funds earmarked by the trustees for particular|
||purposes.|
|Revaluation funds|These are unrestricted funds which include a revaluation reserve|
||representing the restatement of investment assets at their market|
||values.|
|Restricted funds|These are available for use subject to restrictions imposed by the donor|
||or through terms of an appeal.|
|**Income**||
|Recognition of income|Income is included in the Statement of Financial Activities (SoFA) when|
||the charity becomes entitled to, and virtually certain to receive, the|
||income and the amount of the income can be measured with sufficient|
||reliability.|
|Income with related|Where income has related expenditure the income and related|
|expenditure|expenditure is reported gross in the SoFA.|
|Donations and legacies|Voluntary income received by way of grants, donations and gifts is|
||included in the SoFA when receivable and only when the Charity has|
||unconditional entitlement to the income.|
|Tax reclaims on donations|Income from tax reclaims is included in the SoFA at the same time as the|
|and gifts|gift/donation to which it relates.|
|Donated services and|These are only included in income (with an equivalent amount in|
|facilities|expenditure) where the benefit to the Charity is reasonably quantifiable,|
||measurable and material.|
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment income|This is included in the accounts when receivable.|
6
## **Dear Toby Trust Notes to the Accounts**
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to revaluation of fixed market value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets **Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any expenditure VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising These comprise the costs associated with attracting voluntary income, funds fundraising trading costs and investment management costs. Expenditure on charitable These comprise the costs incurred by the Charity in the delivery of its activities activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Cash and cash**
## **equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
7
## **Dear Toby Trust Notes to the Accounts**
## **2 Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Other
**Total**
**Net income**
Interest received
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**come from donations and legacies**
Donations
Fundraising
**come from investments**
Interest received|**Unrestricted**
**£**
37,512
9,983
47,495
**Unrestricted**
**£**
157
157|**Unrestricted**
**funds**
**2023**
**£**
16,157
16,157
1,088
1,088
15,069
56
15,125
15,125
28,971
44,096
**Total**
**2024**
**£**
37,512
9,983
47,495
**Total**
**2024**
**£**
157
157|
**Total funds**
**2023**
**£**
16,157
16,157
1,088
1,088
15,069
56
15,125
15,125
28,971
44,096
**Total**
**2023**
**£**
9,502
6,655
16,157
**Total**
**2023**
**£**
56
56|
|---|---|---|---|
## **3 Income from donations and legacies**
## **4 Income from investments**
8
## **Dear Toby Trust Notes to the Accounts**
## **5 Other expenditure**
|General administrative costs|**Unrestricted**
**£**
276
276|**Total**
**2024**
**£**
276
276|**Total**
**2023**
**£**
1,088
1,088|
|---|---|---|---|
## **6 Staff costs**
No employee received emoluments in excess of £60,000.
## **7 Movement in funds**
|Restricted funds:
Unrestricted funds:
General funds
Total funds|**At 1 April**
**2023**
**£**
44,096.1
44,096.1|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
47,652.6
47,652.6|**Resources**
**expended**
**£**
(276.0)
(276.0)|**At 31**
**March**
**2024**
**£**
91,472.6
91,472.6|
|---|---|---|---|---|
## **8 Analysis of net assets between funds**
|Net current assets
**9 Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2023**
**£**
44,096.1
44,096.1
44,096.1|**Unrestricted**
**funds**
**£**
91,472.6
91,472.6
**Cash flows**
**£**
47,376.6
47,376.6
47,376.6|**Total**
**£**
91,472.6
91,472.6
**As at 31**
**March 2024**
**£**
91,472.6
91,472.6
91,472.6|
|---|---|---|---|
9
## **Dear Toby Trust Statement of Cash flows for the year ended 31 March 2024**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Dividends, interest and rents from investments
**Net cash provided by operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2024**
**£**
47,377
(157)
47,219
157
157
-
47,377
44,096
91,473
91,473
91,473|**2023**
**£**
15,125
(56)
15,069
56
56
-
15,125
28,971
44,096
44,096
44,096|
|---|---|---|
10
## **Dear Toby Trust Detailed Statement of Financial Activities for the year ended 31 March 2024**
|**Income and endowments from:**
Donations and legacies
Donations and legacies
Fundraising
Investments
Interest received
**Total income and endowments**
**Expenditure on:**
General administrative costs,
including depreciation and
amortisation
Bank charges
Subscriptions
Sundry expenses
**Total expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds 2024**
**£**
37,512
9,983
47,495
157
157
47,653
60
216
-
276
276
276
-
47,377
47,377
-
47,377
44,096
91,473|
**Total funds**
**2024**
**£**
37,512
9,983
47,495
157
157
47,653
60
216
-
276
276
276
-
47,377
47,377
-
47,377
44,096
91,473|
**Total funds**
**2023**
**£**
9,502
6,655
16,157
56
56
16,213
72
126
890
1,088
1,088
1,088
-
15,125
15,125
-
15,125
28,971
44,096|
|---|---|---|---|
11