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2025-05-31-accounts

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MAY 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name: Military vs Cancer Charity registration number: 1199115 CIO registration number: CE029275

Registered office: Armstrong House, First Avenue, Finningley, Doncaster, DN9 3GA

Legal structure: Charitable Incorporated Organisation (CIO) – Foundation model.

Trustees serving during the 2024/2025 financial year

The following trustees served during the year:

Trustees serving during the 2025/26 financial year

All trustees are unpaid volunteers and bring a blend of military, commercial and professional experience to the charity’s governance.

Professional advisers

Independent examiner and accountants

Accounting for Good CIC

2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT

Bankers

Lloyds Bank

Military vs Cancer Armstrong House, First Avenue, Finningley, Doncaster, DN9 3GA

Tel +44 (0) 7469 550 679 info@militaryvscancer.com www.militaryvscancer.com

A CIO registered with the Charities Commission in England & Wales Charity No 1199115

i

TRUSTEES’ REPORT FY 2024-25 : 2

MILITARY VS CANCER

STRUCTURE, GOVERNANCE AND MANAGEMENT

Military vs Cancer is governed by a Board of Trustees in accordance with its CIO constitution. The Board is responsible for setting strategy, overseeing risk and safeguarding the charity’s assets. Operational delivery and day-to-day management are delegated to a small staff team and volunteers, within budgets and parameters agreed by the trustees.

The trustees meet regularly during the year, receive financial and operational reports, and review performance against plan. New trustees are appointed in line with the constitution, complete a declaration of interests and receive an induction pack covering our governing document, Charity Commission guidance on trustee responsibilities and our grant-making approach.

Conflicts of interest are managed through annual declarations and a standing agenda item at each Board meeting. No trustee received any remuneration or other private benefit during the year, other than reimbursement of properly incurred expenses.

Risk management

The trustees keep the principal risks under regular review. The main risks identified for the year included:

Mitigations include diversification of income, close monitoring of event performance, investment in modest staff capacity, documented financial controls, and regular review of reserves against the agreed policy.

OBJECTIVES AND ACTIVITIES

Charitable objects during the year

For the year ended 31 May 2025, the charity’s objects, as set out in its CIO constitution and on the charity register, were broadly to relieve need, hardship and distress arising from cancer, primarily by making grants and supporting projects that provide diagnosis, treatment, care, research, education and emotional support to patients and their families.

In practical terms, the trustees focused on supporting serving and former members of the UK Armed Forces, and their families, who are affected by cancer. We do this mainly by providing financial assistance and practical support at times of acute need, and by working with partners to offer information, signposting and other help along the cancer journey.

Registered in England & Wales | Charity No. 1199115

TRUSTEES’ REPORT FY 2024-25 : 3

MILITARY VS CANCER

Public benefit

The trustees have had regard to the Charity Commission’s guidance on public benefit when setting the charity’s objectives and planning activities.

The charity delivers public benefit by:

Support is provided on the basis of need and vulnerability, not rank, branch of service or background.

Activities in the year

Military vs Cancer is a grant-giving and support charity. During the year we:

Applications are assessed by or on behalf of the trustees, against criteria that reflect our objects, our safeguarding responsibilities and the funds currently available.

Grants are made at the trustees’ discretion and are monitored to ensure they are used for their intended purpose.

ACHIEVEMENTS AND PERFORMANCE

Fundraising and income

Total income for the year was £277,654 (2024: £195,700). This comprised:

The trustees are encouraged by continued strength in event income and by significant growth in donations, including support from corporate partners and major donors.

The £10,000 restricted grant provided by the Armed Forces towards Armed Forces Day costs reflects increasing external confidence in our work.

Registered in England & Wales | Charity No. 1199115

TRUSTEES’ REPORT FY 2024-25 : 4

MILITARY VS CANCER

Grant-making and support

Total expenditure on charitable activities was £46,170 (2024: £79,849), including:

Grant volumes and values vary year on year depending on the timing and complexity of cases.

The reduction compared to 2024 reflects the pattern of applications received rather than a change in priorities. The trustees’ intention is to grow grant-making over the medium term as capacity and sustainable income increase.

The support provided during the year enabled beneficiaries to:

Investment in capacity

During the year the trustees made a conscious decision to invest in organisational capacity by employing staff for the first time.

Total staff costs across fundraising, charitable activities and support functions were £61,595 (2024: £nil), with additional staff-related costs included within fundraising and charitable expenditure.

This investment was designed to:

The trustees expect this investment to support improved fundraising performance, increased grant-making and a stronger supporter experience in future years.

FINANCIAL REVIEW

Results for the year

Total expenditure for the year was £324,749 (2024: £179,722), resulting in a net deficit of £47,095 (2024: surplus £15,978). Total funds at year end were £47,839 (2024: £94,934), all of which were unrestricted.

The deficit was planned and reflects:

Registered in England & Wales | Charity No. 1199115

TRUSTEES’ REPORT FY 2024-25 : 5

MILITARY VS CANCER

The trustees consider this to be an investment phase and are monitoring performance closely to ensure that the deficit is not repeated on the same scale.

Reserves policy and position

The trustees review the reserves policy annually. As a new charity, that is still in growth mode, our policy is to maintain free reserves sufficient to:

At 31 May 2025, unrestricted general funds were £47,839 , which represents around one year of recent charitable activity expenditure and a smaller proportion of total annual costs.

The trustees are satisfied that this level of reserves is currently adequate but recognise that it has reduced significantly during the year. It is therefore a priority to:

Going concern

In approving these financial statements, the trustees have considered the charity’s current and forecast financial position, including:

Having taken these factors into account, the trustees consider that there are no material uncertainties that cast significant doubt on the charity’s ability to continue as a going concern for at least twelve months from the date of approval of these financial statements.

Basis of assessment:

Registered in England & Wales | Charity No. 1199115

TRUSTEES’ REPORT FY 2024-25 : 6

MILITARY VS CANCER

Mitigating actions in place:

There are no material uncertainties that cast significant doubt on the charity's ability to continue.

Principal funding sources

Our income model is currently event-dominant , which brings both opportunities and risks:

Opportunities:

Risks:

2025/26 priorities:

Diversify income by growing:

Investment policy

The charity holds no investments other than cash. Given the short-term need for liquidity to fund grants, the trustees do not currently consider it appropriate to invest in longer-term assets.

Cash is held in interest-bearing accounts where possible, balancing return with instant access.

This policy will be reviewed annually as reserves rebuild.

TRUSTEE PRIORITIES

Looking ahead, the trustees’ priorities are to:

Registered in England & Wales | Charity No. 1199115

TRUSTEES’ REPORT FY 2024-25 : 7

MILITARY VS CANCER

The trustees will continue to review the balance between fundraising investment, staffing and direct grants to ensure that the charity delivers maximum impact for beneficiaries while maintaining financial resilience.

MEDIUM-TERM PLANS

Strategic priorities for 2025/26 and beyond

The trustees have approved the following priorities:

1. Return to financial surplus

Target: Break-even or modest surplus (£10–20k) by 31 May 2026.

2. Increase grant-making capacity

Target: Deploy £50–60k in direct grants (vs. £27k in 2024/25).

3. Strengthen governance and transparency

4. Build partnerships

Registered in England & Wales | Charity No. 1199115

TRUSTEES’ REPORT FY 2024-25 : 8

MILITARY VS CANCER

Long-term vision (3–5 years)

By 2028, Military vs Cancer aims to be:

We will achieve this by staying true to our military ethos: disciplined execution, relentless focus on mission, and zero tolerance for waste or mediocrity.

POST YEAR-END DEVELOPMENTS

Change To Charitable Objects

After the year end, the trustees reviewed the wording of the charity’s objects in its CIO constitution to ensure that they accurately reflect the way Military vs Cancer now operates and the beneficiaries it serves.

As a result, we have submitted a revised set of objectives to the Charities Commission (March 2026) for approval. These revised objectives:

These changes are clarificatory and do not represent a change of direction; they formalise the focus which has already guided our activities in the year under review.

Serious Incident

During the Financial Year covered by this report, the charity received income from sponsorship, events and unrestricted donations.

Following receipt of this income, in early 2026 the trustees became aware of concerns regarding the source of a portion of this income. The trustees have considered this matter and have submitted a Serious Incident Report to the Charity Commission. At the time of approving these accounts, no conclusion has been reached regarding the outcome.

The trustees also identified that certain transactions with suppliers were connected to individuals associated with the charity. The trustees have reviewed these arrangements and are satisfied that the transactions were

Registered in England & Wales | Charity No. 1199115

TRUSTEES’ REPORT FY 2024-25 : 9

MILITARY VS CANCER

undertaken in the course of the charity’s activities. The trustees continue to keep these matters under review. The trustees understand that these concerns may relate to income received over more than one financial period.

The income has been recognised in these accounts in line with the charity’s accounting policies. The trustees will take any further action as appropriate.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

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 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 CIO constitution.

The trustees 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.

Approval

This report was approved by the Board of Trustees on 18 March 2026 and signed on its behalf by:

C A Nicholson

Chair of the Board of Trustees

Registered in England & Wales | Charity No. 1199115

Military v Cancer

Charity No. 1199115

Trustees' Report and Unaudited Accounts

31 May 2025

Military v Cancer Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Statement of Cash flows 14
Notes to the Accounts 6 to 13
Detailed Statement of Financial Activities 15 to 16

Page 1

Military v Cancer Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 May 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1199115

Trustees

The following trustees served during the year:

M. Barnes

G. Evans

P. Moody

C.A. Nicholson

Accountants

Accounting for Good CIC 2 Geordie Ridley Place

Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT

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

C.A. Nicholson Trustee 11 March 2026

Page 2

Military v Cancer Independent Examiners Report

Independent Examiner's Report to the trustees of Military v Cancer

I report to the trustees on my examination of the financial statements of Military v Cancer for the year ended 31 May 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FFA FTA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Kay Wightman FFA FTA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 11 March 2026

Page 3

Military v Cancer Statement of Financial Activities

for the year ended 31 May 2025

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
10
Total
Net gains on investments
Net (expenditure)/income
Transfers between funds
Net (expenditure)/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		 Restricted
funds		 Total funds Total funds
2025 2025 2025 2024
£ £ £ £
87,193 - 87,193 21,379
- 10,000 10,000 -
178,242 - 178,242 170,948
2,219 - 2,219 3,373
267,654 10,000 277,654 195,700
222,050 10,000 232,050 88,544
46,170 - 46,170 79,849
46,529 - 46,529 11,329
314,749 10,000 324,749 179,722
- - - -
(47,095) - (47,095) 15,978
- - - -
(47,095) - (47,095) 15,978
(47,095) - (47,095) 15,978
94,934 - 94,934 78,956
47,839 - 47,839 94,934

Page 4

Military v Cancer Balance Sheet at 31 May 2025

Charity No. 1199115
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors:Amount falling due within one year
15
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
16
Unrestricted funds
16
General funds
Reserves
16
Total funds		 2025
£
92
92
10,384
5,670
33,673
49,727
(1,980)
47,747
47,839
47,839
47,839
47,839
47,839
47,839		 2024
£
92
92
9,570
29,174
56,098
94,842
-
94,842
94,934
94,934
94,934
94,934
94,934
94,934

Approved by the trustees on 11 March 2026

And signed on their behalf by:

C.A. Nicholson Trustee

11 March 2026

Page 5

Military v Cancer Notes to the Accounts

for the year ended 31 May 2025

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.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

Military v Cancer Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 7

Military v Cancer Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

Military v Cancer Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Other trading activities
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
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
3
Income from donations and legacies
Just Giving
Other Donations including
corporate		 Unrestricted
£
24,981
62,212
87,193		 Unrestricted
funds
2024
£
21,379
107,611
66,710
195,700
88,544
79,849
11,329
179,722
15,978
15,978
15,978
78,956
94,934
Total
2025
£
24,981
62,212
87,193		 Total funds
2024
£
21,379
107,611
66,710
195,700
88,544
79,849
11,329
179,722
15,978
15,978
15,978
78,956
94,934
Total
2024
£
21,379
-
21,379
Donated goods, facilities and services received
Donated Prizes Total
2025
£
11,154
11,154		 Total
2024
£
-
-

Page 9

Military v Cancer Notes to the Accounts

4 Income from charitable activities

Grants Received
5
Income from other trading activities
Events & Crowdfunding
6
Other income
Misc Income
7
Expenditure on raising funds
Fundraising trading costs
Merchandise & Stock
Event Costs
Promotion of Events
Staff Costs
8
Expenditure on charitable activities
Expenditure on charitable
activities
Subcontract Costs
Staff Costs
Grants made
Governance costs		 Unrestricted
£
6,570
151,470
33,680
30,330
222,050		 Restricted
£
10,000
10,000
Unrestricted
£
178,242
178,242
Unrestricted
£
2,219
2,219		 Total
2025
£
10,000
10,000
Total
2025
£
178,242
178,242
Total
2025
£
2,219
2,219		 Total
2024
£
-
-
Total
2024
£
170,948
170,948
Total
2024
£
3,373
3,373
Restricted
£
-
10,000
-
-
10,000
Unrestricted
£
5,160
13,649
27,361
46,170		 Total
2025
£
6,570
161,470
33,680
30,330
232,050
Total
2025
£
5,160
13,649
27,361
46,170		 Total
2024
£
6,338
70,259
11,947
-
88,544
Total
2024
£
35,625
-
44,224
79,849

Page 10

Military v Cancer Notes to the Accounts

9 Analysis of grants

9 Analysis of grants
Grants to
Activity or programme Individuals Total Total
2025 2024
£ £ £
Individual Grants 27,361 27,361 44,224
27,361 27,361 44,224
Grant
funding of
Activity or programme activities Total Total
2025 2024
£ £ £
Individual Grants 27,361 27,361 44,224
27,361 27,361 44,224
10 Other expenditure
Unrestricted Total Total
2025 2024
£ £ £
Employee costs 16,682 16,682 81
Motor and travel costs 6,927 6,927 1,720
Premises costs 11,258 11,258 1,849
General administrative costs 6,194 6,194 5,997
Legal and professional costs 5,468 5,468 1,682
46,529 46,529 11,329
11 Staff costs
2025 2024
Salaries and wages 14,808 -
Social security costs 1,520 -
Pension costs 1,288 -
17,616 -
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2025 2024
Number Number
Management 2 -
2 -

Page 11

Military v Cancer Notes to the Accounts

12 Tangible fixed assets

Cost or revaluation
At 1 June 2024
At 31 May 2025
Net book values
At 31 May 2025
At 31 May 2024
13 Stocks
Finished goods
Carrying value analysed by activities
Events & Crowdfunding
14 Debtors
Trade debtors
Other debtors
Prepayments and accrued income
15 Creditors:
amounts falling due within one year
Accruals		 2025
£
10,384
10,384
2025
£
10,384
10,384
2025
£
2,238
2,535
897
5,670
2025
£		 £
92
92
92
92		 £
92
92
92
92
2024
£
9,570
9,570
2024
£
9,570
9,570
2024
£
10,918
-
18,256
29,174
2024
£
1,980 -
1,980 -

Page 12

Military v Cancer Notes to the Accounts

16 Movement in funds

16 Movement in funds
At 1 June
2024
Incoming
resources
(including
other
gains/losses
)
£
Restricted funds:
Restricted income funds:
Event Costs
-
10,000
Total
-
10,000
Unrestricted funds:
General funds
94,934
267,654
Total funds
94,934
277,654
Purposes and restrictions in relation to the funds:
Restricted funds:
Event Costs
Grant toward cost of Armed Forces Day
17 Analysis of net assets between funds
Fixed assets
Net current assets
18 Reconciliation of net debt
At 1 June
2024
£
Cash and cash equivalents
56,098
56,098
Net debt
56,098		 Incoming
resources
(including
other
gains/losses
)
£
10,000
10,000
267,654
277,654		 Resources
expended
£
(10,000)
(10,000)
(314,749)
(324,749)		 At 31 May
2025
£
-
-
47,839
47,839
At 1 June
2024
£		 Unrestricted
funds
£
92
47,747
47,839
Cash flows
£		 Total
£
92
47,747
47,839
At 31 May
2025
£
56,098 (22,425) 33,673
56,098
56,098		 (22,425)
(22,425)		 33,673
33,673

Page 13

Military v Cancer Notes to the Accounts

19 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2025 2025 2024 2024
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2025 2024
£ £
The pension cost charge to the charity
amounted to: 354 -

Page 14

Military v Cancer Statement of Cash flows for the year ended 31 May 2025

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Increase in stocks
Decrease/(Increase) in trade and other receivables
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net decrease 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		 2025
£
(47,095)
(2,219)
(814)
23,504
1,980
(24,644)
2,219
2,219
-
(22,425)
56,098
33,673		 2024
£
15,978
(66,710)
(9,570)
(29,174)
-
(89,476)
66,710
66,618
-
(22,858)
-
(22,858)
Components of cash and cash equivalents
Cash and bank balances 33,673 56,098
33,673 56,098

Page 15

Military v Cancer Detailed Statement of Financial Activities

for the year ended 31 May 2025

Income and endowments from:
Donations and legacies
Just Giving
Other Donations including
corporate
Charitable activities
Grants Received
Other trading activities
Events & Crowdfunding
Other
Misc Income
Total income and endowments
Expenditure on:
Costs of other trading activities
Merchandise & Stock
Event Costs
Promotion of Events
Staff Costs
Total of expenditure on raising
funds
Charitable activities
Subcontract Costs
Staff Costs
Grants made
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Motor and travel costs		 Unrestricte
d funds
2025
£
24,981
62,212
87,193
-
-
178,242
178,242
2,219
2,219
267,654
6,570
151,470
33,680
30,330
222,050
222,050
5,160
13,649
27,361
46,170
46,170
14,808
1,520
354
-
16,682		 Restricted
funds
2025
£
-
-
-
10,000
10,000
-
-
-
-
10,000
-
10,000
-
-
10,000
10,000
-
-
-
-
-
-
-
-
-
-		 Total funds
2025
£
24,981
62,212
87,193
10,000
10,000
178,242
178,242
2,219
2,219
277,654
6,570
161,470
33,680
30,330
232,050
232,050
5,160
13,649
27,361
46,170
46,170
14,808
1,520
354
-
16,682		 Total funds
2024
£
21,379
-
21,379
-
-
170,948
170,948
3,373
3,373
195,700
6,338
70,259
11,947
-
88,544
88,544
35,625
-
44,224
79,849
79,849
-
-
-
81
81

Page 16

Military v Cancer

Detailed Statement of Financial Activities

Travel and subsistence
Premises costs
Rent
Rates
Other premises costs
General administrative costs,
including depreciation and
amortisation
Bank charges
General insurances
Information and publications
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Consultancy fees
Solicitor's fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 6,927
6,927
4,345
64
6,849
11,258
105
698
1,185
207
33
657
1,175
1,890
244
6,194
1,980
83
3,405
-
5,468
46,529
314,749
-
(47,095)
(47,095)
-
(47,095)
94,934
47,839		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,000
-
-
-
-
-
-
-		 6,927
6,927
4,345
64
6,849
11,258
105
698
1,185
207
33
657
1,175
1,890
244
6,194
1,980
83
3,405
-
5,468
46,529
324,749
-
(47,095)
(47,095)
-
(47,095)
94,934
47,839		 1,720
1,720
-
-
1,849
1,849
-
1,617
1,709
913
80
522
892
25
239
5,997
-
-
1,662
20
1,682
11,329
179,722
-
15,978
15,978
-
15,978
78,956
94,934

Page 17

Military v Cancer

Charity No. 1199115

Trustees' Report and Unaudited Accounts

31 May 2025

Military v Cancer Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Statement of Cash flows 14
Notes to the Accounts 6 to 13
Detailed Statement of Financial Activities 15 to 16

Page 1

Military v Cancer Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 May 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1199115

Trustees

The following trustees served during the year:

M. Barnes

G. Evans

P. Moody

C.A. Nicholson

Accountants

Accounting for Good CIC 2 Geordie Ridley Place

Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT

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

C.A. Nicholson Trustee 11 March 2026

Page 2

Military v Cancer Independent Examiners Report

Independent Examiner's Report to the trustees of Military v Cancer

I report to the trustees on my examination of the financial statements of Military v Cancer for the year ended 31 May 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FFA FTA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Kay Wightman FFA FTA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 11 March 2026

Page 3

Military v Cancer Statement of Financial Activities

for the year ended 31 May 2025

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
10
Total
Net gains on investments
Net (expenditure)/income
Transfers between funds
Net (expenditure)/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		 Restricted
funds		 Total funds Total funds
2025 2025 2025 2024
£ £ £ £
87,193 - 87,193 21,379
- 10,000 10,000 -
178,242 - 178,242 170,948
2,219 - 2,219 3,373
267,654 10,000 277,654 195,700
222,050 10,000 232,050 88,544
46,170 - 46,170 79,849
46,529 - 46,529 11,329
314,749 10,000 324,749 179,722
- - - -
(47,095) - (47,095) 15,978
- - - -
(47,095) - (47,095) 15,978
(47,095) - (47,095) 15,978
94,934 - 94,934 78,956
47,839 - 47,839 94,934

Page 4

Military v Cancer Balance Sheet at 31 May 2025

Charity No. 1199115
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors:Amount falling due within one year
15
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
16
Unrestricted funds
16
General funds
Reserves
16
Total funds		 2025
£
92
92
10,384
5,670
33,673
49,727
(1,980)
47,747
47,839
47,839
47,839
47,839
47,839
47,839		 2024
£
92
92
9,570
29,174
56,098
94,842
-
94,842
94,934
94,934
94,934
94,934
94,934
94,934

Approved by the trustees on 11 March 2026

And signed on their behalf by:

C.A. Nicholson Trustee

11 March 2026

Page 5

Military v Cancer Notes to the Accounts

for the year ended 31 May 2025

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.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

Military v Cancer Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 7

Military v Cancer Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

Military v Cancer Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Other trading activities
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
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
3
Income from donations and legacies
Just Giving
Other Donations including
corporate		 Unrestricted
£
24,981
62,212
87,193		 Unrestricted
funds
2024
£
21,379
107,611
66,710
195,700
88,544
79,849
11,329
179,722
15,978
15,978
15,978
78,956
94,934
Total
2025
£
24,981
62,212
87,193		 Total funds
2024
£
21,379
107,611
66,710
195,700
88,544
79,849
11,329
179,722
15,978
15,978
15,978
78,956
94,934
Total
2024
£
21,379
-
21,379
Donated goods, facilities and services received
Donated Prizes Total
2025
£
11,154
11,154		 Total
2024
£
-
-

Page 9

Military v Cancer Notes to the Accounts

4 Income from charitable activities

Grants Received
5
Income from other trading activities
Events & Crowdfunding
6
Other income
Misc Income
7
Expenditure on raising funds
Fundraising trading costs
Merchandise & Stock
Event Costs
Promotion of Events
Staff Costs
8
Expenditure on charitable activities
Expenditure on charitable
activities
Subcontract Costs
Staff Costs
Grants made
Governance costs		 Unrestricted
£
6,570
151,470
33,680
30,330
222,050		 Restricted
£
10,000
10,000
Unrestricted
£
178,242
178,242
Unrestricted
£
2,219
2,219		 Total
2025
£
10,000
10,000
Total
2025
£
178,242
178,242
Total
2025
£
2,219
2,219		 Total
2024
£
-
-
Total
2024
£
170,948
170,948
Total
2024
£
3,373
3,373
Restricted
£
-
10,000
-
-
10,000
Unrestricted
£
5,160
13,649
27,361
46,170		 Total
2025
£
6,570
161,470
33,680
30,330
232,050
Total
2025
£
5,160
13,649
27,361
46,170		 Total
2024
£
6,338
70,259
11,947
-
88,544
Total
2024
£
35,625
-
44,224
79,849

Page 10

Military v Cancer Notes to the Accounts

9 Analysis of grants

9 Analysis of grants
Grants to
Activity or programme Individuals Total Total
2025 2024
£ £ £
Individual Grants 27,361 27,361 44,224
27,361 27,361 44,224
Grant
funding of
Activity or programme activities Total Total
2025 2024
£ £ £
Individual Grants 27,361 27,361 44,224
27,361 27,361 44,224
10 Other expenditure
Unrestricted Total Total
2025 2024
£ £ £
Employee costs 16,682 16,682 81
Motor and travel costs 6,927 6,927 1,720
Premises costs 11,258 11,258 1,849
General administrative costs 6,194 6,194 5,997
Legal and professional costs 5,468 5,468 1,682
46,529 46,529 11,329
11 Staff costs
2025 2024
Salaries and wages 14,808 -
Social security costs 1,520 -
Pension costs 1,288 -
17,616 -
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2025 2024
Number Number
Management 2 -
2 -

Page 11

Military v Cancer Notes to the Accounts

12 Tangible fixed assets

Cost or revaluation
At 1 June 2024
At 31 May 2025
Net book values
At 31 May 2025
At 31 May 2024
13 Stocks
Finished goods
Carrying value analysed by activities
Events & Crowdfunding
14 Debtors
Trade debtors
Other debtors
Prepayments and accrued income
15 Creditors:
amounts falling due within one year
Accruals		 2025
£
10,384
10,384
2025
£
10,384
10,384
2025
£
2,238
2,535
897
5,670
2025
£		 £
92
92
92
92		 £
92
92
92
92
2024
£
9,570
9,570
2024
£
9,570
9,570
2024
£
10,918
-
18,256
29,174
2024
£
1,980 -
1,980 -

Page 12

Military v Cancer Notes to the Accounts

16 Movement in funds

16 Movement in funds
At 1 June
2024
Incoming
resources
(including
other
gains/losses
)
£
Restricted funds:
Restricted income funds:
Event Costs
-
10,000
Total
-
10,000
Unrestricted funds:
General funds
94,934
267,654
Total funds
94,934
277,654
Purposes and restrictions in relation to the funds:
Restricted funds:
Event Costs
Grant toward cost of Armed Forces Day
17 Analysis of net assets between funds
Fixed assets
Net current assets
18 Reconciliation of net debt
At 1 June
2024
£
Cash and cash equivalents
56,098
56,098
Net debt
56,098		 Incoming
resources
(including
other
gains/losses
)
£
10,000
10,000
267,654
277,654		 Resources
expended
£
(10,000)
(10,000)
(314,749)
(324,749)		 At 31 May
2025
£
-
-
47,839
47,839
At 1 June
2024
£		 Unrestricted
funds
£
92
47,747
47,839
Cash flows
£		 Total
£
92
47,747
47,839
At 31 May
2025
£
56,098 (22,425) 33,673
56,098
56,098		 (22,425)
(22,425)		 33,673
33,673

Page 13

Military v Cancer Notes to the Accounts

19 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2025 2025 2024 2024
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2025 2024
£ £
The pension cost charge to the charity
amounted to: 354 -

Page 14

Military v Cancer Statement of Cash flows for the year ended 31 May 2025

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Increase in stocks
Decrease/(Increase) in trade and other receivables
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net decrease 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		 2025
£
(47,095)
(2,219)
(814)
23,504
1,980
(24,644)
2,219
2,219
-
(22,425)
56,098
33,673		 2024
£
15,978
(66,710)
(9,570)
(29,174)
-
(89,476)
66,710
66,618
-
(22,858)
-
(22,858)
Components of cash and cash equivalents
Cash and bank balances 33,673 56,098
33,673 56,098

Page 15

Military v Cancer Detailed Statement of Financial Activities

for the year ended 31 May 2025

Income and endowments from:
Donations and legacies
Just Giving
Other Donations including
corporate
Charitable activities
Grants Received
Other trading activities
Events & Crowdfunding
Other
Misc Income
Total income and endowments
Expenditure on:
Costs of other trading activities
Merchandise & Stock
Event Costs
Promotion of Events
Staff Costs
Total of expenditure on raising
funds
Charitable activities
Subcontract Costs
Staff Costs
Grants made
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Motor and travel costs		 Unrestricte
d funds
2025
£
24,981
62,212
87,193
-
-
178,242
178,242
2,219
2,219
267,654
6,570
151,470
33,680
30,330
222,050
222,050
5,160
13,649
27,361
46,170
46,170
14,808
1,520
354
-
16,682		 Restricted
funds
2025
£
-
-
-
10,000
10,000
-
-
-
-
10,000
-
10,000
-
-
10,000
10,000
-
-
-
-
-
-
-
-
-
-		 Total funds
2025
£
24,981
62,212
87,193
10,000
10,000
178,242
178,242
2,219
2,219
277,654
6,570
161,470
33,680
30,330
232,050
232,050
5,160
13,649
27,361
46,170
46,170
14,808
1,520
354
-
16,682		 Total funds
2024
£
21,379
-
21,379
-
-
170,948
170,948
3,373
3,373
195,700
6,338
70,259
11,947
-
88,544
88,544
35,625
-
44,224
79,849
79,849
-
-
-
81
81

Page 16

Military v Cancer

Detailed Statement of Financial Activities

Travel and subsistence
Premises costs
Rent
Rates
Other premises costs
General administrative costs,
including depreciation and
amortisation
Bank charges
General insurances
Information and publications
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Consultancy fees
Solicitor's fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 6,927
6,927
4,345
64
6,849
11,258
105
698
1,185
207
33
657
1,175
1,890
244
6,194
1,980
83
3,405
-
5,468
46,529
314,749
-
(47,095)
(47,095)
-
(47,095)
94,934
47,839		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,000
-
-
-
-
-
-
-		 6,927
6,927
4,345
64
6,849
11,258
105
698
1,185
207
33
657
1,175
1,890
244
6,194
1,980
83
3,405
-
5,468
46,529
324,749
-
(47,095)
(47,095)
-
(47,095)
94,934
47,839		 1,720
1,720
-
-
1,849
1,849
-
1,617
1,709
913
80
522
892
25
239
5,997
-
-
1,662
20
1,682
11,329
179,722
-
15,978
15,978
-
15,978
78,956
94,934

Page 17