## **Dear Toby Trust**
**Charity No. 1187575**
**Trustees' Report and Unaudited Accounts**
**31 March 2025**
## **Dear Toby Trust Contents**
||Pages|
|---|---|
|Trustees' Annual Report|1 - 4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7 - 11|
|Statement of Cash flows|12|
|Detailed Statement of Financial Activities|13|
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 2025.
## **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 objectives of The Dear Toby Trust remain unchanged during the year and are set out in its governing document. The charity exists to relieve sickness and preserve and protect good health for the public benefit of children with cancer. It does this by funding new research, providing financial support to trainee oncology and haematology healthcare professionals, and offering financial assistance to those caring for seriously ill children and infants.
In addition, the Trust seeks to advance public education in relation to childhood cancer funding and treatment, and to promote awareness of the essential role played by doctors, nurses, clinicians, hospital staff and volunteers in the care and nurturing of seriously ill children.
The Trustees confirm that they have had regard to the Charity Commission’s public benefit guidance in exercising their powers and duties during the year.
## **ACHIEVEMENTS AND PERFORMANCE**
The year marked a period of significant growth and strategic development for The Dear Toby Trust.
In June 2024, the Trust hosted its inaugural Gala Dinner, raising in excess of £50,000 in a single evening. This event materially strengthened the charity’s fundraising capacity and expanded its supporter base.
In March 2024, the Trust secured its first corporate partnership with FTI Consulting. Since inception, this partnership has generated approximately £75,000 for the charity. In addition to direct financial support, the Trust has benefited from pro bono assistance in areas including advocacy, communications, accounting and strategic networking, enhancing the charity’s operational effectiveness.
During the year, the Trust also commenced structured advocacy engagement, working alongside the clinical team at Great Ormond Street Hospital (GOSH). This collaboration represents an important step in supporting frontline healthcare professionals and strengthening the Trust’s voice in relation to childhood cancer care and funding.
To further increase awareness and engagement, the Trust commissioned the production of a new promotional video to articulate its mission, impact and future ambitions to a broader audience.
## **PLANS FOR FUTURE PERIODS**
Building on the momentum achieved during the year, the Trust has initiated fundraising for a targeted programme to support the salaries of additional doctors on the Bone Marrow and Haematology wards at Great Ormond Street Hospital, where Toby received treatment. This initiative is intended to provide direct, measurable support to frontline clinical capacity in a critically under-resourced area.
The Trust has also increased its focus on corporate fundraising and engagement. In addition to its partnership with FTI Consulting, the charity has begun securing support and donations from leading organisations including Munich Re, Lloyds Banking Group, Markel International and The Fidelis Partnership. Developing long-term corporate relationships remains a key strategic priority.
3
Advocacy and lobbying activity will continue to form part of the Trust’s strategic direction. The charity plans to work with MHP Group to further its engagement in healthcare policy discussions and to promote awareness of childhood cancer funding challenges.
Childhood cancer research in the UK continues to receive a disproportionately small share of overall cancer research funding. Early-stage “prime” funding—often in the range of £10,000–£20,000—can be pivotal in enabling researchers to generate preliminary data necessary to unlock larger-scale clinical trials. The Trust intends to position itself as a catalytic funder in this space, supporting innovative research and improved treatment pathways for children with rare and aggressive cancers.
## **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 06 March 2026
4
## **Dear Toby Trust Statement of Financial Activities for the year ended 31 March 2025**
|Notes
**Income and endowments from:**
Donations and legacies
3
Investments
4
**Total**
**Expenditure on:**
Other
5
Charitable activities
6
**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 2025**
**£**
129,220
290|
**Total funds**
**2025**
**£**
129,220
290
129,510
25,999
21,465
82,046
-
82,046
-
82,046
82,046
91,473
173,518|**Total funds**
**2024**
**(Restated)**
**£**
55,859
157|
|---|---|---|---|
||129,510
25,999
21,465||56,016
2,841
5,798|
||82,046
-||47,377
-|
||82,046
-
82,046||47,377
-
47,377|
||82,046
91,473||47,377
44,096|
||173,518||91,473|
5
## **Dear Toby Trust Balance Sheet at 31 March 2025**
|**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**
8
**Unrestricted funds**
8
General funds
**Reserves**
8
**Total funds**|**2025**
**£**
173,518
173,518
173,518
173,518
173,518
173,518
173,518
173,518
173,518|**2024**
**£**
91,473|
|---|---|---|
|||91,473|
|||91,473
91,473|
|||91,473|
|||91,473|
|||91,473|
|||91,473|
|||91,473|
Approved by the trustees on 23 February 2026 And signed on their behalf by:
Nathan Hambrook-Skinner Trustee
06 March 2026
6
## **Dear Toby Trust Notes to the Accounts for the year ended 31 March 2025**
## **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**
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, fundraising 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 and gifts the 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.
7
## **Dear Toby Trust Notes to the Accounts**
Gains/(losses) on revaluation of fixed assets Gains/(losses) on investment assets
This includes any gain or loss resulting from revaluing investments to market value at the end of the year.
This includes any gain or loss on the sale of investments.
## **Expenditure**
Recognition of Expenditure is recognised on a cash basis. Expenditure includes any VAT expenditure 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, donations 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.
8
## **Dear Toby Trust Notes to the Accounts**
## **2 Statement of Financial Activities - prior year**
|**tatement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations, Fundraising and legacies
**Total**
**Expenditure on:**
Other
Charitable activities
**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**
**ncome from donations and legacies**
Donations
Fundraising
**ncome from investments**
Interest received|**Unrestricted**
**£**
84,660
44,560|**Unrestricted funds**
**2024**
**£**
55,859|
**Total funds**
**2024**
**(Restated)**
**£**
55,859|
|||55,859
2,841
5,798|55,859
2,841
5,798|
|||8,640|8,640|
|||47,219
157|47,219
157|
|||47,377|47,377|
|||47,377
44,096|47,377
44,096|
|||91,473|91,473|
|||**Total**
**2025**
**£**
84,660
44,560|**Total funds**
**2024**
**(Restated)**
**£**
43,311
12,548|
||129,220|129,220|55,859|
||**Unrestricted**
**£**
290|**Total**
**2025**
**£**
290|**Total**
**2024**
**£**
157|
||290|290|157|
## **3 Income from donations and legacies**
## **4 Income from investments**
9
## **Dear Toby Trust Notes to the Accounts**
## **5 Other expenditure**
|General administrative costs
Fundraising Expenses
**haritable activities**|**Unrestricted**
**£**
700
25,300|**Total**
**2025**
**£**
700
25,300|**Total**
**2024**
**£**
276
2,565|
|---|---|---|---|
||25,999|25,999|2,841|
||**Unrestricted**
**£**
21,465|**Total**
**2025**
**£**
21,465|**Total funds**
**2024**
**(Restated)**
**£**
5,798|
||21,465|21,465|5,798|
## **6 Charitable activities**
## **7 Staff costs**
No employee received emoluments in excess of £60,000.
## **8 Movement in funds**
|Restricted funds:
Unrestricted funds:
General funds
Total funds|**At 1 April**
**2024**
**£**
91,473|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
129,510|**Resources**
**expended **
**£**
(47,464)|**At 31 March 2025**
**£**
173,518|
|---|---|---|---|---|
||91,473|129,510|(47,464)|173,518|
## **9 Analysis of net assets between funds**
|Net current assets|**Unrestricted funds**
**£**
173,518|**Total**
**£**
173,518|
|---|---|---|
||173,518|173,518|
10
|**10 Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2024**
**£**
91,473|**Cash flows**
**As at 31 March**
**2025**
**£**
**£**
82,046
173,518|
|---|---|---|
||91,473|82,046
173,518|
||||
||91,473|82,046
173,518|
11
## **Dear Toby Trust Statement of Cash flows for the year ended 31 March 2025**
|**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|**2025**
**£**
82,046
(290)|**2024**
**£**
55,740
(157)|
|---|---|---|
||81,756
290|55,583
157|
||290|157|
||||
||-|-|
||82,046
91,473|47,377
44,096|
||173,518|91,473|
||173,518|91,473|
||173,518|91,473|
12
## **Dear Toby Trust Detailed Statement of Financial Activities for the year ended 31 March 2025**
|**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
Fundraising expenses
**Charitable expenditure**
Donations
**Total charitable activities**
**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**
**2025**
**£**
84,660
44,560|
**Total funds**
**2025**
**£**
84,660
44,560|
**Total funds**
**2024**
**£**
43,311
12,548|
|---|---|---|---|
||129,220
290|129,220
290|55,859
157|
||290|290|157|
||**129,510**
50
410
240
25,300|**129,510**
50
410
240
25,300|**56,016**
60
216
-
2,565|
||**25,999**
21,465|**25,999**
21,465|**2,841**
5,798|
||21,465|21,465|5,798|
||47,464|47,464|8,640|
||-|-|-|
||**82,046**|**82,046**|**47,377**|
||**82,046**
-|**82,046**
-|**47,377**
-|
||82,046|82,046|47,377|
||91,473|91,473|44,096|
||173,518|173,518|91,473|
13