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2023-12-31-accounts

Registered Charity Number: 1189412 Company Number: CE021793

Macmillan Caring Locally

A Charitable Incorporated Organisation Trustees’ Report and Financial Statements For the year ended 31 December 2023

Registered Office:

Christchurch Hospital Fairmile Road Christchurch Dorset BH23 2JX (01202) 477628

Macmillan Caring Locally Annual Report 2023

Table of Contents

Reference and Administrative Details ................................................................................................... 3 About Us .............................................................................................................................................. 4-7 Our history .......................................................................................................................................... 4 What we do now ................................................................................................................................. 4 What we want to do ............................................................................................................................ 7 Chairman’s Statement ............................................................................................................................ 8 Trustees’ Report ................................................................................................................................ 9-14 Clinical services ................................................................................................................................... 9 Fundraising .......................................................................................................................................... 9 Volunteering ...................................................................................................................................... 10 Financial review................................................................................................................................. 11 Structure, governance and management ......................................................................................... 12 Disclosure of information to auditor ................................................................................................. 13 Responsibilities of the Directors and Trustees .................................................................................. 14 Independent Auditors’ Report ........................................................................................................ 15-18 Statement of Financial Activities .................................................................................................... 19-20 Balance Sheet ....................................................................................................................................... 21 Statement of Cash Flows ...................................................................................................................... 22 Notes to the Financial Statements .................................................................................................. 23-30

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Macmillan Caring Locally Annual Report 2023

Reference and Administrative Details

Legal Status

Macmillan Caring Locally was set up by Trust Deed dated 26 July 1974 as Macmillan Cancer Trust, registered with the Charity Commission under registration number 268218. With consent of the Charity Commission, the name was changed to Macmillan Caring Locally on 29 September 2009. On 11 May 2020 the charity converted to a CIO under registration number 1189412. On 1 January 2022 the old charity’s reserves (excluding the leasehold) were transferred into the CIO.

Charity Details

Charity Registration Number: 1189412 Company Number: CE021793 Registered Office: Christchurch Hospital, Fairmile Road, Christchurch, BH23 2JX

Board of Trustees

Mr ME Emsley (Chairman) Mrs SM Collins Mr J Harvey Dr AE Hickish Mr K Wilkinson

Leadership Team

Mr NSC Williams – Trust Secretary Mrs A Anderson ACA – Financial Controller Mrs LC Sharp – Fundraising Director

Auditors:

Solicitors:

Bankers:

PKF Francis Clark Steele Raymond LLP HSBC Towngate House Richmond Point 62 Commercial Road 2-8 Parkstone Road 43 Richmond Hill Bournemouth Poole Bournemouth BH2 5LR BH15 2PW BH2 6LR

Investment Managers:

CCLA One Angel Lane London EC4R 3AB

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Macmillan Caring Locally Annual Report 2023

About Us

Our history

Formed in 1974, our main objective in our Trust Deed remains “the relief of people suffering from cancer or a life limiting illness or condition”.

Since formation, funds have been provided in full/part for the construction of:

In 1986 Albany Lodge in Bournemouth was purchased to provide holiday accommodation for cancer patients and carers. In 2011 the provision was updated and The Grove, a 30-bed hotel in Bournemouth was purchased. After refurbishment, it opened in 2012, trading until March 2020 when it closed due to the Covid pandemic. In 2021, after unsuccessful attempts to sell the remaining lease, it reopened with a management fee being paid to the charity.

The Macmillan Unit at Christchurch Hospital is an NHS specialist palliative care unit and hospice for patients in South East Dorset and South West Hampshire. The charity, Macmillan Caring Locally works in partnership with University Hospitals Dorset (UHD) NHS Foundation Trust to provide the services at the Macmillan Unit and in our community.

What we do now

The charity has 9 staff members with a full time equivalent of 7.2. The main functions of the charity team are to fundraise or to provide administrative and finance support. One member of staff directly works with patients to provide advice on welfare benefits and another works within the aromatherapy team. The focus for fundraising is to raise about £1.8m annually to support the costs for the service delivery teams shown below. The £1.8m is principally NHS staffing costs.

Our wards at the Christchurch Macmillan Unit can accommodate 16 patients. There are 5 private rooms and a guest bedroom. Patients are admitted to the unit for many reasons including a short stay to adjust medication or for the final days and hours of life. Whatever the reason, we are there to care for them and their families in the best way possible. We care for cancer patients and those with life limiting illnesses such as Motor Neurone Disease or COPD.

Many other patients are cared for in the community or at home. The teams continue to see an increased number of patients as shown in the clinical review on page 9.

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Macmillan Caring Locally Annual Report 2023

Service delivery teams where funding is provided by the Charity :

----- Start of picture text -----
Hospital palliative care
services
----- End of picture text -----

The Macmillan Unit is part of the wider palliative care service at UHD.

Community specialist palliative care nurses

12 specialist nurses are based in the Mac Unit and a team at UHD Bournemouth. Care is provided for patients in the unit or those wishing to stay at home. By providing support, care and medication, patients can remain comfortable whilst maintaining some independence.

Macmillan rehabilitation team

Physiotherapists, occupational therapists, and support workers help patients, both in the unit and at home, to improve their mobility, maintain their independence and feel more comfortable.

Family support team

The team of trained professionals from all different background including nursing, social work, counselling, and specialist volunteers provide flexible support to patients and families.

Chaplain

Aromatherapy team

The chapel provides a haven of peace within Christchurch Hospital for all denominations, races and creeds.

Aromatherapy helps lift the mood of patients and improve wellbeing.

Welfare benefits advice

Living with a life limiting illness can lead to financial hardship. The advisors can provide help on finances, assisting with applications for grants and benefits that patients are entitled to.

Hospice at Home team

This team of nurses and support care workers provide high quality nursing care and support for patients and families at home giving patients choice around their preferred place of care at the end of life.

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Macmillan Caring Locally Annual Report 2023

Hospice at Home (H@H)

The primary aim of the H@H service is to enable patients with complex needs to die at home if it is their preferred place of care - giving them a choice and a voice about their care. The team provides care over a 24-7, 365 days a year. This care is hands-on and focused on complex palliative patients in the last 4 weeks of their life. The service was started in April 2022, initially operating during daytime hours, and expanded in January 2023 to provide a 24-hour service. In the first 18 months of the service there have been 305 referrals.

Care is also provided to some patients who are awaiting and require admission to the inpatient unit or to prevent hospital admission (crisis) pending alternative support being provided.

H@H aim to accelerate hospital or hospice discharge to enable someone who is imminently dying to get home and be cared for in their preferred place of care at the end of life.

The H@H team is small with a total of 11 full and part time staff. The caseload is fast moving and can be intense supporting patients and families/carers. Throughout emotional and psychological support is provided to the patient and families. Staff allow time to listen and gain understanding to all involved and their individual needs.

Education

We offer a range of study days and conferences facilitated by our community specialist palliative care nurses who are committed to ensuring that those who need excellent palliative care have access to it.

Our training is mapped to the latest standards in health and social care and delivered by a team of specialist nurses and doctors who are supported by a wider multi-disciplinary team. They manage patients with life limiting illnesses, who have complex symptom control issues.

During 2023, the following courses were facilitated by our clinical team:

Delegate feedback rated the courses as:

Good 2% Very good 27% Excellent 71%

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Macmillan Caring Locally Annual Report 2023

What we want to do

Fundraising

2024 is the celebration of our 50[th] year of service to our community and is a fantastic opportunity to fundraise. There are several projects underway:

To assist with our presence at local events like the Christchurch Music Festival, the Christchurch Rustic Fayre and the Clifftop Music Festival, the charity are directly recruiting new volunteers. This process is ready to go with a new volunteer’s handbook.

Increase Awareness

We have set an ambitious goal for fundraising in 2024 and continue to work on our strategy for marketing the charity.

Rebuild the Macmillan Unit

We aspire to rebuild the hospice at Christchurch Hospital which is reaching the end of its life. Patient referrals to our service have tripled in the last ten years. The existing unit was built in 1974 and is too small for the number of people under our care.

Designs for a new hospice were signed off in 2019, but the covid pandemic prevented progression. Since the pandemic, there has been a considerable increase in the costs of materials and labour. An initial £5m towards the rebuild was paid over to UHD in 2018 and the charity continues to receive some donations which are held in our restricted funds. £19k has been donated in 2023.

Once construction plans and costs have been revisited, the charity will relaunch active fundraising and also look to raising some of the funds from grant making trusts.

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Macmillan Caring Locally Annual Report 2023

Chairman’s Statement

On behalf of Trustees of Macmillan Caring Locally (MCL), it is my privilege as Chairman to present the Annual Report for the financial year ending 31st December 2023.

I must touch upon our forthcoming celebration of 50 years since the Trust was founded back in 1974, and the Macmillan Unit was built. This celebration presents many exciting opportunities for us to involve so many of our long-term and new supporters in celebrating and acknowledging just what a profound contribution the Mac Unit and the Trust have made to the lives of so many thousands of people throughout our community during this period.

Also, my thanks go to all our wonderful staff and volunteers who have been under immense pressure, particularly since Covid-19 came into our lives. Although at times short of staff and even exhausted, they are still providing such dedicated love, care and support to our patients and their families.

As the pressure on staff and bed space increased within the Unit and UHD Bournemouth Hospital, it became clear that many people would prefer to spend their precious last few days/weeks in their own homes with their families around them. So, we commenced Hospice at Home.

This service provides dedicated, tailored support to patients under special palliative care and has now been extended to 24/7. The Trust initially part funded this service and future funding is required. The Trustees believe that, based upon advice from our medical advisers, Hospice at Home is the way forward providing patients with the acute hospital care they need in the comfort of their homes. This service has relieved pressure on

the Mac Unit and Bournemouth Hospital in caring for 374 patients and saving 2,250 bed days since its inception in April 2003.

The Trustees are frustrated at the lack of progress in seeking approval to rebuild the Mac Unit. Just as designs were signed off in 2019 and the public consultation was completed, Covid -19 arrived. We have been unable to officially launch the Brick-by-Brick Appeal to fund the rebuild as costs have spiralled and design requirements have changed due to Covid. We hope to progress this issue during 2024.

Though more detail is mentioned elsewhere in this report, I would like to acknowledge all the people and organisations who have fundraised to enable us to carry on with our essential work. It is our benchmark that, currently, MCL must fundraise around £1.8m pounds every year towards staffing the palliative care services and hospice unit.

Legacies and donations are vitally important in helping us achieve our targets. I wholeheartedly thank every one of our supporters who have arranged or participated in a wide variety of events such as coffee mornings, marathon runs, skydives and collections on our behalf. Page 9 of this report celebrates these achievements.

As mentioned on page 12 of this report, a review was undertaken of the strengths and weaknesses of the Board. As a result of that review, interviews have taken place and we have invited three applicants to join the Board, taking our number to eight. They will be formally appointed to the Board during 2024.

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Macmillan Caring Locally Annual Report 2023

Trustees’ Report

Clinical Services

The numbers of patients cared for by our services are as follows:

Statstc 2023 2022
Patients referred to the whole palliative care service* 1582 1530
Patients admitted to Mac Unit 365 367
Community team visits* 2258 2250
Community patient's average days in our care 83 96
Patients seen by the hospital palliative care team 778 787
Patients seen by end-of-life clinical nurse specialists 695 685

*includes numbers for Hospice at Home patients

Fundraising

We have once again received incredible support from our major donors and special mention must go to the following:

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Macmillan Caring Locally Annual Report 2023

Whilst this highlights some of the larger donations to the charity this year, we are immensely proud and thankful for each of the individuals and organisations that have donated funds to us. We could not provide the services without your support.

Our corporate support continues to strengthen, and we have had continued partnerships this year with The Captains Club, JP Morgan, Bellway Homes, Boscombe Charity Shop, The Marsham Court Hotel, Haskins Garden Centre and Heritage Investments. Many of these companies have signed up in 2024 as Golden Partners.

Proactive trusts fundraising has stalled a little in 2023 and will not be able to be a priority in 2024. However, we have been fortunate to receive several grants in 2023 as follows:

Volunteering

2023 has seen volunteering grow steadily as we begin to recover from the pandemic period.

In 2023, 77 volunteers have provided 2392.5 hours in the following roles in the Macmillan Unit:

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Macmillan Caring Locally Annual Report 2023

Two volunteers have been awarded the Room to Reward recognition for their contribution to supporting Macmillan unit’s patients and family members.

In addition, volunteers have been managing stock and displays at the charity stall in the Christchurch Bridge Street Emporium. This has raised £4,527 in 2023 for the charity.

Financial Review

Income for the year ended 31 December 2023 was £2,622,539, a decrease of £2,025,783 from the previous year (excluding £1,096,446 fund transfer per note 5), largely attributable to a decrease in legacies of £2,055,185. 2022 was an exceptional year for the charity with 2 very significant legacies. 2023 legacy income has fallen to the more normal level. The charity has seen a squeeze on donations with the cost-of-living crisis with reductions in unrestricted donations of £86,751 and also amounts given for the restricted rebuild fund which were £34,634 lower year-on-year. The importance of hospice care to the local community continues to be reflected in the support of loyal donors, fundraisers and customers. However, by their very nature, these income streams do fluctuate.

The surplus for the year is £348,106 and, where these funds are not needed for the continuing operations of the charity, they will be invested for the future rebuild project.

Total net assets of the charity therefore increased by £348,106 from £4,010,548 in 2022 to £4,358,654 in 2023.

The cash flow statement shows a net cash inflow of £620,060 compared to a net cash inflow of £2,617,384 in 2022. As explained in note 5, the £2,67,384 in 2022 includes £2,457,346 of cash transferred from the old charity. The charity has capitalised on the higher interest rates available to savers and increased the amount of investment income from £2,597 in 2022 to £62,127 in 2023. The charity will continue to pursue an active investment strategy to maximise income going forwards. Also, the charity will ask its supporters, where possible, to sanction gift aid claim on top of their donations.

The charity is looking to the future and is conscious that the ambition to rebuild the Macmillan Unit at Christchurch has become more expensive. The charity is looking to generate annual surpluses of around £500k to enable this dream to become a reality in a reasonable space of time and has set an ambitious financial target for 2024, its 50[th] anniversary year.

Reserves policy

Our reserves policy is to hold unrestricted free reserves to cover 12 months of operating costs. This policy is considered sufficient having taken into account the variable nature of legacies. This means that the charity has to keep in hand about £2m of cash on relatively short-term deposit. As at 31[st] December, the charity has £3,758,608 in unrestricted free reserves which meets our required reserves policy of 12 months of expenditure.

The Board of Trustees will continue to actively review the risks faced by the charity and discuss these in relation to our reserves level.

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Macmillan Caring Locally Annual Report 2023

Structure, Governance and Management

Macmillan Caring Locally’s governing document is a Trust Deed dated July 1974, as subsequently amended in 2018. Following receipt of professional advice and agreement by the Charity Commission, the Trust established a Charitable Incorporated Organisation (CIO) in May 2020. The assets and business of the Trust were transferred on 1 January 2022 and registered with the Charity Commission with registration number 1189412.

The Board

The Board currently comprises five Trustees. A list of Trustees who have served during the year can be found on page 3 and further information about their backgrounds, experience and interests can be found on the Macmillan Caring Locally website.

In 2023, a review of the Board’s strengths and weaknesses was undertaken and an advertisement for new Trustees was developed. As a result of this, the Board conducted an interview process early in 2024 to widen the Board’s capacity.

All Trustees give their time freely and no remuneration was paid during the year in respect of their position as Trustee.

Governance

The Board of Trustees are responsible for the overall strategy and policies of the charity and meet four to six times a year. Responsibility for the day-to-day management of the Trust is delegated to the Trust Secretary.

Trustees set the remuneration policy of the Trust annually considering matters such as performance, cost of living and charity market factors.

Trustees set the investment policy of the Trust in the context of the overall budget and reserves policy. Day-to-day management is delegated to the Financial Controller.

Trustees are encouraged to visit the Macmillan Unit regularly and to familiarise themselves with the work of the Trust, in addition to being informed by regular bulletins and updates. Briefings are given at all the Board meetings by the Leadership team, UHD consultants and staff and other advisors where necessary.

Trustees have carefully considered the fundraising activities of the charity and have made the decision to not employ external fundraisers. There is a small team of Trust employees who fundraise for the charity under the supervision of the Trust Secretary and Fundraising Director. Fundraising policies are monitored by the Trustees who would be briefed with reports on any complaints received and any actions taken. No complaints have been received to date.

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Macmillan Caring Locally Annual Report 2023

Public Benefit

Charity Trustees have a duty to carry out their charity’s purposes for the public benefit. The charity has undertaken, within its objects and purposes, and free of charge to users, the support of people with a diagnosis of cancer or a life limiting illness. This report has set out our activities during the year and further details can be found on our website www.macmillanlocal.org.

The Trustees are therefore satisfied the public benefit requirement is fulfilled.

Risk Management

The Trustees consider annually a statement of the major risks to which the charity is exposed and consider the actions to be taken in mitigation of these risks.

Disclosure of Information to Auditor

Each Trustee has taken the steps they ought to have taken as a Trustee to make themselves aware of any relevant audit information and to establish that the charity’s auditor is aware of that information. The Trustees confirm there is no relevant information they know of and which they know the auditor is unaware.

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Macmillan Caring Locally Annual Report 2023

Responsibilities of the Directors and Trustees

The trustees (who are also the directors of Macmillan Caring Locally for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including its income and expenditure, of the charity for that year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on 15th April 2024 and signed on its behalf by:

......................................... Mr ME Emsley Chairman

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Macmillan Caring Locally Annual Report 2023

Independent Auditor’s Report to the Members of Macmillan Caring Locally

Opinion

We have audited the financial statements of Macmillan Caring Locally (the 'charity') for the year ended 31 December 2023, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Macmillan Caring Locally Annual Report 2023

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 14), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an P a g e | 16

Macmillan Caring Locally Annual Report 2023

auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to the Charity. We gained an understanding of the Charity and the sector in which the Charity operates as part of this assessment to identify the key laws and regulations affecting the Charity. As part of this, we reviewed the Charity's website for an indication of any regulations in place and discussed these with the relevant individuals responsible for compliance. The key regulations we identified were Charity legislation, health and safety regulations and breaches of The General Data Protection Regulation ("GDPR"). We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011 and Charities SORP - FRS 102.

We discussed with management how the compliance with these laws and regulations is monitored and discussed policies and procedures in place. We also identified the individuals who have responsibility for ensuring that the Charity complies with laws and regulations and deals with reporting any issues if they arise. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the Charity's ability to continue trading and the risk of material misstatement to the accounts.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following:

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Macmillan Caring Locally Annual Report 2023

A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uk/auditorresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

……………………………… Daniel Tout FCA (Senior Statutory Auditor) For and on behalf of PKF Francis Clark, Statutory Auditor Towngate House 2-8 Parkstone Road Poole Dorset BH15 2PW

23 April 2024

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Macmillan Caring Locally Annual Report 2023

Statement of Financial Activities - Year Ended 31 December 2023

(Including Income and Expenditure Account)

Unrestricted
Restricted
Total
Total
funds
funds
2023
2022
Note £
£
£
£
Income and Endowments from:
Donatons and legacies
2		 2,390,442
19,145
2,409,587
4,561,970
Investment income
3		 62,127
-
62,127
2,597
Other income
4		 145,111
5,714
150,825
83,755
Transfer from predecessor
organisaton
5		 -
-
-
1,096,446
Total income
2,597,680
24,859
2,622,539
5,744,768
Expenditure on:
Raising funds
6		 (67,230)
(255)
(67,485)
(37,204)
Charitable actvites
7		 (2,233,972)
(1,992)
(2,235,964)
(1,697,016)
Total expenditure
(2,301,202)
(2,247)
(2,303,449)
(1,734,220)
Gains on investment
assets
13		 29,016
-
29,016
-
Net income
325,494
22,612
348,106
4,010,548
Net movement in funds
325,494
22,612
348,106
4,010,548
Reconciliaton of funds

Total funds brought
forward
17		 3,433,114
577,434
4,010,548
-
Total funds carried
forward
17
3,758,608
600,046
4,358,654
4,010,548

The notes on pages 23 to 30 form an integral part of these financial statements.

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Macmillan Caring Locally Annual Report 2023

Statement of Financial Activities - Year Ended 31 December 2023

(Including Income and Expenditure Account)

Unrestricted
Restricted
Total
funds
funds
2022
Note £
£
£
Income and Endowments from:
Donatons and legacies
2		 4,508,191
53,779
4,561,970
Investment income
3		 2,597
-
2,597
Other income
4		 73,755
10,000
83,755
Transfer frompredecessor organisaton 582,791
513,655
1,096,446
Total income
5,167,334
577,434
5,744,768
Expenditure on:
Raising funds
6		 (37,204)
-
(37,204)
Charitable actvites
7		 (1,697,016)
-
(1,697,016)
Total expenditure
(1,734,220)
-
(1,734,220)
Net income
3,433,114
577,434
4,010,548
Net movement in funds
3,433,114
577,434
4,010,548
Reconciliaton of funds

Total funds carried forward
17
3,433,114
577,434
4,010,548

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 17.

The notes on pages 23 to 30 form an integral part of these financial statements.

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Macmillan Caring Locally Annual Report 2023

Balance Sheet as at 31 December 2023

(Registration number: CE021793)

2023
£
2022
£
779,016
-
779,016
-
679,547
1,942,411
3,237,444
2,617,384
3,916,991
4,559,795
(337,353)
(549,247)
3,579,638
4,010,548
4,358,654
4,010,548
600,046
577,434
3,758,608
3,433,114
4,358,654
4,010,548
Note
Fixed assets
Investments
13
Total fxed assets
Current assets
Debtors
14
Cash at bank and in hand
Total current assets
Creditors: Amounts falling due within oneyear
15
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
17

The financial statements on pages 19 to 30 were approved by the trustees, and authorised for issue on 15[th] April 2024 and signed on their behalf by:

......................................... Mr M E Emsley Chairman

The notes on pages 23 to 30 form an integral part of these financial statements.

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Macmillan Caring Locally Annual Report 2023

Statement of Cash Flows for the Year Ended 31 December 2023

2023
£
2022
£
348,106
4,010,548
(62,127)
(2,597)
285,979
4,007,951
1,262,864
(1,942,411)
(211,894)
549,247
1,336,949
2,614,787
62,127
2,597
(750,000)
-
(29,016)
-
(716,889)
2,597
620,060
2,617,384
2,617,384
-
3,237,444
2,617,384
Note
Cash fows from operatng actvites
Net cash income
Adjustments to cash fows from non-cash items
Investment income
3
Working capital adjustments
Decrease/(increase) in debtors
14
(Decrease)/increase in creditors
15
Net cash fows from operatng actvites
Cash fows from investng actvites
Interest receivable and similar income
3
Purchase of investments
13
Revaluaton of investments
13
Net cash fows from investngactvites
Net increase in cash and cash equivalents
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 23 to 30 form an integral part of these financial statements.

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Macmillan Caring Locally Annual Report 2023

Notes to the Financial Statements – Year Ended 31 December 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Macmillan Caring Locally meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets.

Disclosure of long or short period

As disclosed in note 5 the assets and liabilities of Macmillan Caring Locally (charity) were transferred to Macmillan Caring Locally (CIO) on 1 January 2022. The comparative period financial statements cover a period of 16 months as the year-end was changed from August to December to align with the Macmillan Caring Locally (charity), the first 4 months of which were dormant.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. Where a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting year.

Legacy gifts are recognised on a case-by-case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Investment income

Investment income is recognised on a receivable basis.

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Macmillan Caring Locally Annual Report 2023

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting year, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer

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Macmillan Caring Locally Annual Report 2023

settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post-retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior years.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 Income from donations and legacies

2
Income from donatons and legacies		 2
Income from donatons and legacies
Unrestricted funds
Restricted
Total
Total
General
funds
2023
2022
£
£
£
£
Donatons and
legacies;
Donatons to major
appeals -
19,145
19,145
53,779
Donatons from
individuals 618,870
-
618,870
705,621
Legacies 1,729,483
-
1,729,483
3,784,668
Gif aid reclaimed 42,089
-
42,089
17,902
2,390,442
19,145
2,409,587
4,561,970

3 Investment income

3
Investment income
Total
Total
2023
2022
£
£
Interest receivable and similar income;
Deposit interest 57,232
2,597
Dividends 4,895
-
62,127
2,597

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Macmillan Caring Locally Annual Report 2023

4 Other income

4
Other income
Unrestricted
funds
Restricted
Total
Total
General
funds
2023
2022
£
£
£
£
Grant income 47,218
5,714
52,932
10,000
Rental income 75,000
-
75,000
73,755
Educaton and courses 8,130
-
8,130
-
Other income 14,763
-
14,763
-
145,111
5,714
150,825
83,755

5 Transfer from Macmillan Caring Locally (Charity)

On 1 January 2022 the assets and liabilities of Macmillan Caring Locally (Charity) were transferred to Macmillan Caring Locally (CIO) at the following values:

Macmillan Caring Locally (CIO) at the following values:
2022
£
Stock 3,325
Current assets (excluding bank and cash) 311,367
Bank and cash 2,467,346
Liabilites (1,685,592)
1,096,446

6 Expenditure on raising funds

6
Expenditure on raising funds
Total
Total
2023
2022
Costs of trading actvites: £
£
Property rental income costs 37,042
37,204
Costs of Emporium 1,604
-
Fundraising and bank fees and charges (In 2023 £255
from Restricted funds) 10,633
-
Direct fundraisingcosts 18,206
-
67,485
37,204

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Macmillan Caring Locally Annual Report 2023

7 Expenditure on charitable activities

7
Expenditure on charitable actvites
2023
2022
£
£
Staf costs 315,687
336,365
Grove expenses 19,072
4,122
Garden 1,671
2,771
Equipment costs including repairs 13,526
5,818
Professional fees 24,356
6,767
Patents expenses 63,113
14,738
Volunteers travelling 2,216
4,396
Christmas -
3,537
Contributon to UHD salaries for Macmillan Unit
and palliatve care services 1,730,580
1,256,660
Staf travelling (In 2023 £69 from Restricted funds) 2,274
654
Ofce and statonery 12,743
16,251
Telephone 3,716
3,716
Subscriptons 3,958
4,218
Training costs (In 2023 £1,923 from Restricted funds) 16,447
5,953
Insurance 5,470
6,193
Sundry expenses 6,877
6,791
Governance costs – Note 8 14,258
18,066
2,235,964
1,697,016

8 Analysis of governance costs

8
Analysis of governance costs
2023
2022
£
£
Audit fees
Audit of the fnancial statements 14,100
13,200
Other feespaid to auditors 158
4,866
14,258
18,066

9 Net incoming/outgoing resources

Net incoming/outgoing resources for the year include:

Net incoming/outgoing resources for the year include:
2023 2022
£ £
Audit fees 14,100 13,200
Other non-audit services 158 4,866

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Macmillan Caring Locally Annual Report 2023

10 Trustees’ remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

11 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
2023
2022
£
£
Staf costs during the year were:
Wages and salaries 269,289
291,889
Social security costs 20,548
22,873
Pension costs 25,850
21,603
315,687
336,365

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year was as follows:

2023
2022
No
No
Charitable actvites 9
8

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £64,257 (2022 - £61,491).

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

13 Fixed asset investments

13
Fixed asset investments
Listed
Total
investments
£
Market value as at 1 January 2023 -
-
Additons at cost 750,000
750,000
Change in value in theyear 29,016
29,016
Market value at 31 December 2023 779,016
779,016
Historical cost at 31 December 2023 750,000
750,000

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Macmillan Caring Locally Annual Report 2023

14 Debtors

14
Debtors
2023 2022
£ £
Trade debtors 671,742 1,938,917
Prepayments 7,805 3,494
679,547 1,942,411

15 Creditors: amounts falling due within one year

15
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors 3,920
414,699
Other taxaton and social security 6,542
6,527
Other creditors 82,300
45,259
Pension scheme creditor 2,601
4,043
Accruals 241,990
78,719
337,353
549,247

16 Commitments

Other financial commitments

As shown in note 19, the Trust has commitments to University Hospitals Dorset (UHD) for staff costs under existing agreements. Discussions are taking place with UHD regarding future financial contributions to staff, services and the rebuilding of the Unit.

17 Funds

17
Funds
Balance at 31
Balance at 1
Incoming
Resources
Gains on
December
January 2023
resources
expended
investments
2023
£
£
£
£
£
Unrestricted funds
General
3,433,114
2,597,680
(2,301,202)
29,016
3,758,608
Restricted funds
577,434
24,859
(2,247)
-
600,046
Total funds
4,010,548
2,622,539
(2,303,449)
29,016
4,358,654

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Macmillan Caring Locally Annual Report 2023

Incoming
resources
Resources
expended
Balance at 31
December 2022
£
£
£
Unrestricted funds
General 5,167,334
(1,734,220)
3,433,114
Restricted funds 577,434
-
577,434
Total funds 5,744,768
(1,734,220)
4,010,548

The specific purposes for which the funds are to be applied are as follows:

Capital appeal - £592,038 to be used specifically for the capital appeal and the construction of the new Macmillan unit.

Staff welfare - £8,008 to be used specifically for staff training.

18 Analysis of net assets between funds

Unrestricted
Total funds at
funds
Restricted
31 December
General
funds
2023
£
£
£
Fixed asset investments 779,016
-
779,016
Current assets 3,316,945
600,046
3,916,991
Current liabilites (337,353)
-
(337,353)
Total net assets
3,758,608
600,046
4,358,654
Unrestricted
Total funds at
funds
Restricted
31 December
General
funds
2022
£
£
£
Current assets 3,982,361
577,434
4,559,795
Current liabilites (549,247)
-
(549,247)
Total net assets
3,433,114
577,434
4,010,548

19 Related party transactions

During the year the charity made the following related party transactions: University Hospitals Dorset (UHD)

The Trust works closely with UHD. The administrative offices of the Trust are based at Christchurch Hospital. During the year the Trust contributed £1,730,580 to UHD staff costs and services under existing agreements (2022 - £1,256,660).

At the balance sheet date the amount due to University Hospitals Dorset (UHD) was £223,473 (2022 - £64,133).

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