Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
Registered company number: CE027621 (England and Wales) Registered Foundation number: 1197122
## **King Hussein Cancer Foundation UK**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year ended 31 March 2024**
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
## **Contents of the Financial Statements for the year ended 31 March 2024**
||**Page**|
|---|---|
|**Foundation Information**|1|
|**Trustees Report**|2-3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6-8|
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
**Foundation Information for the year ended 31 March 2024**
**Foundation number** 1197122
**Registered address** 6 Bevis Marks London EC3A 7BA
**Trustees** HRH Princess Ghida Talal Nadine Kettaneh Dalia Salaam Rishani Tania Bryer Nisreen Mohammad Issa Qatamish
**1**
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
## **Trustees Report**
## **for the year ended 31 March 2024**
The Trustees present their Annual Report and Accounts for the year ended 31 March 2024.
During this period, the Foundation was dormant.
## **Structure, governance and management**
The Foundation is constituted as a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11 of the Charites Act 2011. The CIO registered with the Charity Commission on 14 December 2021.
Trustees are legally responsible for the governance and management of the Foundation. Trustees are responsible of setting strategic and policies for ensuring these are implemented.
Risk management
The Foundation’s Trustees have considered the major risks to which the Foundation is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes.
## **Objectives and activities**
The governing scheme defines the Foundation’s objects as being to:
The advancement of health and the relief of those in need due to ill-health in particular, but not limited to:
1. supporting the work and furthering the mission of the King Hussein Cancer Foundation and King Hussein Cancer Center in Jordan, which seeks to provide access to advanced cancer care to patients from across the Middle East North Africa (MENA) region
2. supporting the treatment of underprivileged patients and refugees
3. supporting the advancement of cancer research
## **Achievements and Performance**
The Foundation was dormant during this period.
## **Financial review**
No transactions took place during this period.
## **Future plans**
The Foundation intends to commence fundraising in the near future.
**2**
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
## **Trustees Report**
## **for the year ended 31 March 2024**
## **Trustees responsibilities statement**
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Account Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Foundation and of the incoming resources and application of resources of the Foundation for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in operation
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Foundation and enable them to ensure that the financial statements comply with Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
09 March 2025
This report was approved by the Trustees on …………………….. and signed on its behalf by:
…………………………………………
## **Nisreen Mohammad Issa Qatamish**
## **Trustee**
**3**
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
## **Statement of Financial Activities**
**for the year ended 31 March 2023**
The Foundation did not trade during the period. During these periods, the Foundation received no income and incurred no expenditure.
**4**
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
## **Balance Sheet**
## **as at 31 March 2024**
|**Fixed assets**
Tangible fixed assets
**Current assets**
Debtors
Cash at bank and in hand
**Total assets**
**Current liabilities**
Creditors: amounts falling due
within one year
**Total liabilities**
**Net assets**
**Equity**
Approved by the Board of Trustees on …
09|**2024**
**2023**
**£**
**£**
0
0
0
0
0
0.
**0**
**0**
0
0.
**0**
**0**
**0**
**0**
**0**
**0**
………. and signed on its behalf by:
March 2025|
|---|---|
**………………………………………….**
## **Nisreen Mohammad Issa Qatamish Trustee**
**5**
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
**Notes to the Financial Statements**
**for the year ended 31 March 2024**
## **1. General Information**
The Foundation is constituted as a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11 of the Charities Act 2011. The CIO registered with the Charity Commission on 14 December 2021.
The Foundation’s head office is located at '6 Bevis Marks' in London".
The Foundation’s main objectives are the following:
- a. Supporting the work and furthering the mission of the King Hussein Cancer Foundation and King Hussein Cancer Center in Jordan, which seeks to provide access to advanced cancer care to patients from across the Middle East North Africa (MENA) region;
- b. Supporting the treatment of underprivileged patients and refugees;
- c. Supporting the advancement of cancer research.
The financial statements were approved by the Foundation Board of Trustees on ………….. 2025. 9 March
## **2. Summary of Accounting Policy Information:**
## **Basis of Preparation of the Financial Statements**
The financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS).
The financial statements are prepared in Sterling (£), which is the functional currency of the Foundation. The financial statements are prepared for the year ended 31 March 2024 (2023: year ended 31 March 2023).
The financial statements have been prepared on a historical cost basis, except for financial assets at fair value through other comprehensive income that have been measured at fair value at the date of the financial statements.
**6**
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
The main accounting policies adopted in preparing the financial statements are as follows:
## **Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Foundation and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions-imposed b donors or which have been raised by the Foundation for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **Cash and cash equivalents**
Cash and cash equivalents consist of cash on hand, bank balances and sortterm deposits with an original maturity of three months or less as of the date of acquisition.
## **Restricted cash**
Cash designated for specific purposes, such as endowments, and other unit programs, is recorded as ‘’Restricted Cash’’ in the assets section of the statement of financial position. This cash is restricted by management and is held as a reserve to cover the balance of restricted liabilities and equities.
## **Accounts payable and Other current liabilities**
Payables and other current liabilities are recognised for amounts to be paid in the future for services or goods received, whether billed by the supplier or not.
## **Projects in Progress**
Projects in progress include the value of works in progress and the expenses to develop or implement new property and equipment or software and systems; they are charged with the direct costs related to them, which are capitalized to the assets when the project is completed and become substantially ready for use.
**7**
Docusign Envelope ID: 3218BF74-2F56-4A86-99FB-D20414028C40
King Hussein Cancer Foundation UK
## **Fundraising Activities Revenue**
Revenue from fundraising activities is recognized on an accrual basis. This includes both unrestricted grants and conditional revenue:
1.Unrestricted grants: These are recorded directly in the statement of activities upon receipt or when a pledge is made, as there are no conditions or restrictions attached.
2.Conditional/restricted revenue: These are recognized as they become realizable, specifically when the associated expenses are incurred, and the conditions of the donation/grant are met. Bank Interest Revenue
Revenue from bank deposits and current accounts is recorded on an accrual basis. For deposits restricted by donors, the interest revenue is transferred to the corresponding restricted revenue account in accordance with the donors' instructions.
## **Bank Interest Revenue**
Revenue from bank deposits and current accounts is recorded on an accrual basis.
## **Expense Recognition**
Expenses are recognised on an accrual basis.
## **3. Members liabilities**
The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
## **4. Controlling party**
The Foundation is controlled by the Trustees. During the period, the Trustees received no emoluments or incurred any expenses using Trust funds.
**8**