Charity numb¢r: 1192189
EIC CANCER RESEARCH & SCHOLARSHIP FOUNDATION
(A Charitable Incorporated Organisation)
LNAUDITED
TRUSTEES, REPORT AND FINANCtAL STATEMENTS
FOR THE ENDED 31 DECEMBER 2021

EIG CANCER RESEARCH & SCHOLARSHIP FOUI¥DATION
(A Ch9rAtsble IneoLi>or*ted Orgalllsatlon)
CONTEliTS
Page
Ref¢renee Adjtiinistrative Det&lls of the C.h2rlty, its Trnstee5 and Advi5er5
'rruBteesl Report
StatemeDt of FlnArtei21 Attivities
Balance Sheet
Notes to tbe FiD*ncix] S(AtenMt$
6-lQ

EIG CANCER RESEARCH & SCHOLARSHIP FOUNDATION
(A Charltable Incorporated Organisatlon)
.rEIiLNCL AND ADMIYISTRATIVL. DLI'I'AfLS OF THE CIIARITY, JTS TRUS'fLEs AND ADVISERS
OR THF YF,AR F,E41)II'D 31 DECF.MIIJ,'X 2023
Trustees
Spiros Ciiam88, Trustc¢ and Chaints￿l
Menelaos Cijan)as, Tm5tee
Christupher Christou, Trustee
Robert Sotcriow Trustee
Piero Soteriaw TrLWttc
ChArity registered number 1192189
Registered office
253 Grdy's llln Road
London
WCIX 8Ql'
Solldtors
Nahlis Cl]ristou ILP
243 Grny5 Inn Road
L()ndon
WC,IX 8RB
Page I

IC CANCER RESEARCH & 8CHOLAIL8lItP FOUNDATKON
IA Charltable Incorporated Orgg1118Stlon)
TRUSTEESI REPORT
FOR TEIE YEAR F.NDbD 31 DECEMBER 2023
Ttse Tru8t¢es are pleased to pre.sent their annual rcporl together widi the f￿ancIal statcmeLts of the FJG Cartcer Re%eai"cli &
Scholarship Foundation (the 'e.harityJ for the y¢ar end¢d 31 Dec¢mbET 2023. Thc Ch8rity i8 CO￿￿(itUte￿ as a C.haritabl¢
Incorporated Organisation {CIOI. The iinnvd Report in¢lud¢b' * TTU5t¢es' rcport. The Trustees confimi that the Annual
Report and fillallcial sialerllenis ofthe charitable (A)mpany ¢omply with the Luirent statutory reqLiirern6nts, the requirements
of tile c￿￿'1tab1e con)i)aii)Ps govcrning d{￿UMent and the provisiuns ot. the Statement of Recommended Practice {SORP)
applicable to chariti&% prcparing thcir accounts in acci)I'dance with the Financial Rei)ortillg SthndaTd applicablc in the U
and Republic of Irtland (FRS1021 leffcctivc l Janiwy 20191.
ObJeotive$ and 4ctivlt5es
. Pollcles fjnd objecrfvey
L't]e obje¢t of th¢ Chatity i8 for thc public bcncfit to advance education by thc PfOVlSLon of fil￿n¢jaI EUPPQTL to assist
individuals in fvrththing their post graduate studies and re%earch in thc ficld of cancer i'ela*d shLdie$ and r¢search at
re¢ok*ni2ed universili¢$, ¢ollege$, hospi(#ls, ￿$earLI1 organisations and 51]ni1￿. institutiolls in tbe United Kingdom and
e]sewhtre and to provide fitjallciai support ti) those inststutions io ¢onllJ¢¢tioll with callc¢r related studies aDd r£gearch.
In setting obje¢tive8 and platinittg for aCtivitie4. the Trustccs havc given due consideration to general guidan¢e publi%hed by
the Charity Commisston relating io publi¢ benefiL includitig the guidallce Public benefit.. rL]DniTrg 2 charity IPB2)'.
b. StrRtegies for achieving objectives
The $tratsgl￿ for a¢hieviuB ihe Charily'8 obl￿tIVeS are to raise funds tbrough donatiolls from Orga￿lsations aad iLidividuals
attd to provide granL% attd donatiars to indivi¢tua]$ and itystiiulions that fall within tbe Cbarity's remiL
¢. Activities underthken to aehieve objectives
The Tn]stees have concentrated on esrablishirL8 the Charity attd reaching out to poterjtial doDoiE and have made grants 2nd
donation8 in accordance witb the Charity'A ohjeclives. Th¢ Trustees intend to f()GU5 prornoting the Ch￿llty thix)iigh
lletworkn'Dg alld holding periodic fundraising Cvcllts.
d. PDlicit5
The Trnstecs h&ve agrccd Grant Mailing and Educatsonal Research pt)licie6. These policies have been bascd largely on
guidelillcs issued by the Charity Cojnmissio
Maln A¢thilrfes undertake]J to fvrther the Ch*Yity's purpth5os for the p￿bliC benefit
All of til¢ Charity's activities are for the pub]ie benefit througb its facilitstion of targeted knowledge and re9￿¢￿ in the
pi￿liC doinain.
A¢hlovements 9￿d pcrform4nce
. Main achievernents Of the Chylrlty
The main a¢hievements of th¢ ChaLity duThng th¢ year have been to make grants llnd donations and develop its 0￿ratIOnal
str2teEies. During the ye￿, grsnts of £18,000 were made to a PhD cancer rese&rcher.
Pa&Nc 2

EIC CANCER RESEARCH & SCHOLARSHtPFOUNDATION
(A Charitabl¢ ID¢otPOTlted OrylltsAdots)
TRusfEESI REPORT (co￿riNU￿D)
FOKTHE YEAR ENDED 31 DECEMBER 2023
FIu4Xlti*l Teview
. Gothg eott¢ern
AfteT ttmking 8ppropriat¢ ertquirics, the Thstees have a reLsonabl¢ expectation that th¢ Charity has 8dequate r¢sources to
continue in op¢rdtlonal existence for th¢ foreseeable future. For this reason, they Continue to edopt the going rA)nc¢rn basis
in preparillg the finattci￿ state]nents. Futher derai18 regarding the adoption of the 80in8 ¢oD¢¢rn bgsts can b¢ fouTrd in th¢
accounting poli¢i¢5.
b. Res•rves pollcy
Th¢ Primary Intention of the Charity i5 to distribute its fvnds to meet its ¢harttable objectives. It 1$ prud¢nt howeverto retsin
sufficient fi￿d$ to ett$w¢ the continuity of its tsp¢ration3. In this ¢￿ty sta8e of the Chwity'5 C5tablishmenl this aspect is
closely mtsnitor¢d by the Trustee$.
8trnctUT4 govern￿0¢ •nd minagement
*. Cowltifytlo
EIG Research & S¢holarshipFoundation is rGgistcred as ¥ Ch￿11&ble tncorporated (h38This￿l0tt (CIO).
b. Methods oflppokntment or elettlon of Tru5ttts
Th¢ m8nycnt of the Clw(ty is the responsibility of the Thistee8 who elected und¢r th¢ ttrtms of th¢ CIO
Constitution.
Statement of Trust¢M' rtSPDll5ibI￿tleB
The Trust￿ are r&spOnSi￿le for P￿p￿l￿g the Thisk¢s' Roport and the financial statements in accordance wÈth applic￿1¢
law and United Kin8dom A¢MuDting Standards Iunited Kingdom G¢nwaIly Accepted A¢o)untitig P￿tiCe}.
The Char&ti¢$ A¢t 2011 r¢quir¢s the Twst¢¢s to prepare fitWl¢io1 ststemellts for e8¢h )kncial year. In prwing these
finan¢io18tatements. the Thiste¢s hAVe followed b¢st practi5e which requires thtm to..
s¢1¢rt 5Ultabl¢ accountin8 EK)li¢i¢s aud then apply therD COTJSiStentiy'
obs¢rvc the methods and ptill¢ipl¢s of the ChoritiEs SORP.
make jud8menL8 and a￿Ou￿till￿ estimates that are re&4on8ble athd pTh￿ent.
slite wheth¢r applicable UK A￿OU￿titig Stalld4rds (FRS IQ2) h&v¢ be¢n followed, subject to ally m4teri81
d¢partur¢s dlscltssed explauied Its the fitwi¢ial stat¢m¢nts..
pr¢par¢ th¢ fi[￿￿181 8tst¢meJhts oll the goitig eollcern b&8i¥ ￿lesS it is itsappropriate to prtsvm¢ that the CJO will
CO]2tinue ill busin¢8S.
The Tru8te&4 are responsibl¢ for keeping adequAte accountiJJg r¢¢onb that are sufficient ts show and exploin tho CIO'S
transa¢tion$ and disclose with Te150n*blo awur&cy gt ally tim¢ the r￿p￿nCi&l posttiort of the CIO and ellable them to ¢mur¢
that the f￿aRe[al stftt¢m¢nts Gomply with th¢ Charities Ac 2011. Th¢y tre a180 reBponsibl¢ for saf¢guaTding th¢ agsets of th¢
CIO and hene¢ fortakSttg rea30nabl¢st¢P5 for the prevMtioll wtd detectton of fraud alld other irre8wlariti¢s.
Approved by ordetof th¢ m¢mbcrs of the iM)Ard of Trustees on 17 September 2024 4nd signed onthelr behalfby..
Spiros Gi%m28
(Chair of Ttu

EIG CANCER RESEARCH & SC.HOJ.AR8HIP FOUNDATIOP4
(A ChY4ritable Incorporgted OrganlsAtlonl
STATEMENf OF FINANCIAI. ACTIKII'ILS (IIYCORPOKA'IING INLOMfi .4M) I￿PENDITuR￿ ACCOUN'I'I
FOR THE ENDED 31 DECEMBER 21)23
Unrestrtcted
Total
funds
2023
Totat
ftmds
2022
2023
Income from:
Donation$ attd legacies
14.790
14.790
3,416
Total Income
14,790
14.790
3,416
Expendlture on:
Charitable activitics
2JJ91
23 J91
24.774
'rotal eip8ndithre
2J,391
23J91
24,774
Net moveJJ)ent Sn
(8.601)
(8,601)
121,358)
Recontlllatlon ¥f funds..
Totdl fwids brought forward
Netmovejntllt in fullds
28,195
{8,601)
28,195
18,60A)
49,553
121,3581
Total funds ovried fonvard
19,594
19,594
28,195
The Statement of Fitjdllcial Activities includes all gains and losses recogni$ed in the ye4U.
Thc notes on pages 6 to 10 form parl of these financial %tatcmcnts.
Page 4

EIC. CANCER RESE4 ARCII & SCHOLARSHIP FOUNDATION
IA Chai'5table Incoryorated Organisationl
REGISTERED NUMBER:
BALAN'CE SHF.EI'
AS A'f 31 DECEMI BER 2023
2023
2022
Note
Current assels
Cash at bank and in hand
22,474
33,835
22,474
33.835
Creditoib". amous)ts lalliiigT due within one year
{2,8801
(5.6401
Net curi'ettt assets
19,594
28,195
Total assets less eurrent liahtlities
19,594
28,195
Tol21 net as$e¢$
19,.f94
28.195
Charity fundg
Rcstrictcd funds
Urwcstrictcd fund5
28,195
Totgl fuiids
19,594
28,195
Tlie Cliarity was entiiled to exeii)Plion (rom uudii and indcpendcnt cxaminiition under seetii)rt$ 144 #nd 145 of tlie Lliaiilies
Act 2011.
Tli¢ 'l'Tuslees havc not requircd the Cliarily te obtain an audit or indepeiident exaniinalion tor tlie period In qu¢slJoD itl
ac¢tsrddnLe with sections 144 and 145 of Chariiie% Act 2011.
Tlie TTusl¢es a¢knowledgie Ilieir respoiisibililies for cojiiplyin8 wiui Ihe requiretiients of the Charthiies Aci 2011 witli respeci
to a￿O￿ntIng r¢coi-d.s and preparation of financial stalemenls.
Tlie
anci
%tatein¢nis were approved and &uthoi'ised foi. issue by the Trtiqiee% on 17 Septernber 2024 and signed on their
esl
Tlie notes oil pages
o l O foixn part of tliesc financial %tatem¢nts.
Pagie 5

EIG CANCER RFSEARCH & SCHOLAR8HtP FOUNDATION
(A Cbarlt4ble IDcDrporated Organi8ation)
NOTES TO THfi. I1'1Tr4ANCIAL èiTATF,MF,NTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Cellerg1 lllformxtlfjn
The Charity is con8Litytod &$ & Charitxbl¢ I￿¢￿[porated Incorporation (CIO) under tbe Chariti&% Act 2011 and 15
registcrcd thc ChaTity Commission For England and WaIes rtgi8tered n￿mbcr 1192189. The CIO was rwst¢red
on 5 NoY¢mber 2Q20.
Aeeollntlng polldos
2.1 Basis of prepAr8tion fjf financiAI stst¢m¢nls
The fjnancial gtatements have been prepared in accordance with the Charities SORP (FRS 102)- Accoutkting
and Rcporting by Charitics.. Statement of Rttonjmtnded Practice applicable to charitie5 preparing their
a¢¢ounts in accordauce with the Fir￿nCIal Reportin¥ Standard &ppli¢abl¢ in thc UK alld Republic of Ireland
(FRS 102) (eff&tive l January 2019), the Finarlcial Reporting Slalld8rd 8ppli¢abl¢ in th¢ UK and Republic of
Ireland IFRS 102) attd the Charitie6 Act 2011.
EIG C8ncer R&%earch & Scholarship Founduion meets thc dcfinition of a public beDefLt entity under FRS IO2.
Assets and liabilities are initially recoglli8ed at historical cost Dr transaction value unless othcrv/isc stat£d in the
relevant accounling policy.
2.2 I￿¢0￿¢
Ail inc()me is recognised once ihe Chariiy I￿S entitlement to the illeone, it is probable that the income will be
received aod amollot of incorne receivable can be measur￿ reliably.
2.3 Expellditllr
Expendittue is re¢ognised once there is a leEal or collsiructive obligation to tt2nsEer ecoDomi¢ b¢n¢fit ¢0 a third
PArty, il is ￿"obabl¢ that a transfcr of ecooomic benefits will be i'eqllirtd in 8e(LiemEnl attd thtt ￿nOUn1 of the
obligation can he measured reliably. Rxpenditurc is Cl￿51fiCd by activity. The CLKsL8 nf cach aclivity are made
up of the totsl of direet costs and shared Wbt8. inGliiding support C08ts involved in undertaking activity.
DllEcL costs 2tlribulable to a SilluI¢ 4ctivity are aIlocawi dlleL'tly to that aLtivity. Shared cosfs which contribute
to more than ottc activity alld support LOSts which are not attributable to a 5illgle ￿tIVi(Y are 2pportioned
bctwccn thosc activities on a basis e¢msistcnt with th¢ u%c of r¢sourccs. Cciitral 5￿ff costs are allocatcd on the
ba813 of tin)e spenL alld dcpreciation charges allo¢ated i)n d)e por¢ion of the ￿Set'S Use.
Expenditui"e on charitabl¢ activities is incuired on directly llndertdking the ac(ivities whi¢h fwLh¢r the Charitys
obje¢tsve%. well &8 any &*%oci&tcd support costs.
7nts payable are ¢horged in the y￿r when tlie offer is madc cxccpt in those casu where thc t)ff¢r 18
conditi0J￿1, siich grant8 being recognised as expenditure when the conditions attaobiog aLe fulfilled. Grants
offered subject to Ct)nditions which have not be¢n mct at the year End are noted as a bul nol
accNcd as cxpcnditurc.
Ail expenditure is inclusive of in'ecoverAble VAT.
Page 6

EIG CANCER RESEARCH & 8CHOLARSIIIP FOUNDAI'ION
(A Charitable Incorporated Organtsation)
NUTr.s'ro'iwL lilNANCIAL STATfi MTrJ4TS
r4OR'I'IIL YEAR EINDF.D 31 DECEMBLII 2023
Accfjuutlng polleies {¢ontinued)
2.4 1.IHbTliti&s and provisions
Liabilities are iecognised wbcn thcrc is %n obligatioll at the B*lAncc Sheet date as & I'esult of & past cvent, it is
pmb2ble thal a Iian¥fer of economic benefit will be required in settlemelll and the tullvunt of the sEttletuent ca
be estimate41 reliably.
Liabitiues gr¢ re¢ogni8¢(t at tlLe amoullt that the Ch8￿ty anticipate8 it will pay to %¢tde th¢ d¢bt or the amount Lt
has receiv¢d as adv8nciyJp&yments for the good8 or Be￿1￿ ittnu8t provide.
2.5 accounting
General fi￿dS are unrestricted funds whidi are 8vailable for us¢ At the discretion of the Trustecs in furtherdnce
of th¢ general objectives ofthe Ch￿'ity attd W￿"Ch have noi been debigllate(I for otheT purp08es.
In¢ome from d•n8tlons recelved
Unrcstricted
funds
2023
'I'otal
funds
2023
Tothl
fi]nds
2022
Donations
l4,790
14,790
3,416
Allalysis thf charitable grant5 rnade
Total
fwids
2022
Grants
2023
202.1
Scholarship alld insti￿tiOnal 8rants and donations
18,IK)O
18,th)0
18,0
PRge 7

CANCER RLI SEARCH & SCHOLARSHIP FOUNDATION
IA Charltable Ineorporated Organisation)
NOTES TO THTr: IIryNANCIAL STAI'17,Mfi,N'l'S
FOR THE YEAR ENDF,D 31 DF,CE.MBLK 2n23
AD91y$ls of expendltyre ou ¢h4rltable 4etivltle8
Summary by fund type and analysi5 of expenditiire by activities
Unrestricted
fund¥
2023
Total
2023
Tot
2022
Scholarship Ind in8titittioDal Grants
Ado)illsitrative Costs
18,000
5.391
18,000
5J91
18,000
6.774
23,391
23J91
24.774
Tru8tees' remuDer2tloD alld expenses
thirtng thc ycar, thc Trustces rcccivedno remutterAtion for th¢ir servicEs as tnTStecs.
Credltors,. Amounts falllng duc TrvAthin onc year
1023
2a22
Ae¢ruals and deferr￿1 incom¢
2,880
5.640
Page 8

EIG CANCXR N￿81(ARc]I & SCHOE,ARSHIP FOUNDATION
{A Ch*rltable Incorpornted Organisatiou)
NOTES TO THF filNANCIAL S'I'ATEMENTS
FOR THE YEAR ENDED JI DF,CF.MBF.R 2023
Statement of funds
Statement of funds- current year
Balance At 11
DeLe￿ber
2023
Bg1gnce #t I
202J
Income Expendttllre
u￿￿trIcted funds
General Tru￿ds- alt fllll(ts
28,195
14,790
(23.3911
19,594
St#tement of fundg- prlor year
Ba]Ance at
31 Decemher
2022
Balancc at
l January 2022
lllcome
Expenditt]re
Uure8tri¢t¢d funds
General Funds. all fvnds
49,553
3,416
{24,774)
28.195
Anllly5is of net a55et5 between funds
Ullrestrfcted
funds
2023
Total
2023
Curretlt assets
22,474
12,8801
22,474
{2.88O)
CreditOTS du¢ within one y
Totsl
19,594
19,594
Page 9

EIC CANCER RFSEARCH & SCHOLARSHIP FOIINDATIOIY
IA Ch#rltsble lllcorporated OrgaDi5ation)
NOTFS TO THF. IIINANCIAL 8'1'A'fLI,MbP*TS
FOR THE ITAR ENDED 31 DECEMBER 2023
Art￿y$l$ of net assets betweell fund$ leonlknued)
Anatysls of net assets betweell fund4- prlor year
Unrestricted
Total
runds
2Q22
2022
Cu￿¢￿1 ass¢t5
33,835
(S,￿0)
33,835
(5,&10)
CrEditors due within one year
Total
28,195
28,195
Page 10