Clatterbridge Cancer Charity is a registered charity in England and Wales, No.1202412. Registered Company Number: 14732055 ## Contents |Salford Co.
Contents|| |---|---| |Message from Chair and CEO|03| |Our Aims and Commitment|04| |Our Governance and Regulation|05| |Financial Review|09| |Management of the Charity|10| |Statement of Trustees Responsibilities|12| |Year in Numbers|14| |Investing in Research|15| |Investing in the Teenage and Young Adult Team|16| |The Arts In Health Programme|17| |Our Events|18| |Our Volunteers|19| |Report of the Independent Auditor to the Members of
Clatterbridge Cancer Charity|20| |Statement of Financial Activities for the year ended 31 March
2025|24| |Balance Sheet for the year ended 31 March 2025|25| |Cash Flow Statement for year ended 31 March 2025|26| |Notes|27| 2 ## Salford Co. Message from the Chair and CEO We are delighted to welcome you to this annual review and highlight the fantastic support and inspirational stories behind Clatterbridge Cancer Charity over the 2024/25 year. The accounts mark a key moment in the Charity’s history, being the first full financial year since its move to independence. The 12 months have seen a growth in the scope of the Charity as it established itself as an independent entity with greater transparency and impact in grant awarding. We are so thankful to the individuals, families, groups, companies, charitable trusts and everyone who has donated during this period. Our supporters helped us raise a magnificent £4.7M during this period and allowed us to continue our dedicated work for the patients of The Clatterbridge Cancer Centre. During the year to 31 March 2025, the Charity was able to award grants to fund research, invest in new technologies for treatment and contribute to enhancing the hospital environment for patients and their families. Generous donations have also helped provide social activities and lunch clubs for young patients, musical performances for all, memory books for families, Christmas presents for patients and staff and much more. You can learn more about the ways in which fundraising has impacted patients on page 14. Alongside donors, we are grateful to the dedicated team of Charity staff and of course our volunteers who make such a difference. Thank you to everyone who has supported Clatterbridge Cancer Charity in the last 12 months. Your support makes a lasting impact and we are so grateful to each and every one. Katrina Bury Chief Executive Brian Barwick OBE Chair 3 ## Our Aims and Commitment The role of Clatterbridge Cancer Charity is to support The Clatterbridge Cancer Centre NHS Foundation Trust in providing the very best care to its patients. Together with our supporters and volunteers, we are passionate about this role in enhancing what is already provided by the NHS. Donations to Clatterbridge Cancer Charity have funded a range of projects to help make this happen, such as bringing in new ways of treating cancer, breaking boundaries by becoming the first in the UK to offer certain clinical trials and providing comforting additions to their care through art, music, counselling, and memory books, among other things. We constantly need to fund new ways to provide these things for our patients. ## We assist the Trust and its patients by: Funding life saving research, shaping cancer care for future generations Investing in leading technology, driving better outcomes for people with cancer Enhancing the patient Lorem ipsum dolor sit amet, porta cum environment elit. Praesent sodales nunc et porta supporting recovery interdum. Praesent sagittis euismod and wellbeinginterdum. Morbi dolor urna sit Enabling innovations in care for every patient every day 4 ## Our Governance and Regulation The Charity is controlled by its governing document, memorandum and articles of association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Our Partnership and Promise to Donors Clatterbridge Cancer Charity has always strived to give the best possible donor care, aiming to ensure supporters are treated fairly and with respect. The Charity is regulated by the Charity Commission and Fundraising Regulator, the self-regulatory scheme for fundraising in the UK. Alongside this, the Charity is a member of NHS Charities Together and the Chartered Institute of Fundraising. Fundraising is centred around supporter wishes, protecting vulnerable people and maintaining high standards for managing personal information. The Charity adheres to best practice across its fundraising activities and continually reviews the way it engages with supporters and the public. The Charity and external fundraising partners are committed to giving the best possible supporter experience and complying with all fundraising standards. We work with third party companies to manage our lottery and coordinate some events. We have robust agreements in place to monitor their work. We are committed to protecting supporter privacy and their data. The Charity gives its supporters clear options to tell us how they prefer to receive communications, both the type and the channels. We will never sell your information to third parties or share your details with any other charities. 5 Salford Co. The Charity couldn't achieve everything it does for people with cancer without its supporters. In return, we make the following Fundraising Promise to donors: ## We are committed to the ## highest standards We are registered with the Fundraising Regulator and are proud to champion the principles of honesty, accountability and transparency when fundraising. ## We will be clear, honest and ## open We will keep you up to date with our work and finances so you can see how your money is spent and the difference you are making. ## We will treat you, and your ## privacy, with respect Your details are safe with us. We will never sell your information to third parties or share your details with any other charities for their own purposes. If you ever want to change the way we communicate with you, please just let us know. ## We are fair and reasonable We treat our patients, supporters and the general public fairly, showing sensitivity and consideration. ## We are accountable and ## responsible We value your feedback. If you're unhappy with anything, please get in touch and let us know. ## Protecting supporter data Clatterbridge Cancer Charity is committed to protecting supporter privacy and their data. Appropriate measures are in place to keep personal data safe and secure. Supporter wishes are at the forefront of our fundraising communications, and the Charity gives its supporters clear options to tell us how they prefer to receive communications; this includes both the type of communications we send and the channel through which we send them. 6 ## Treating donors fairly All new Trustees undergo an induction to ensure that they all have the specific knowledge of the Charity, and general knowledge of their responsibilities as a Lorem ipsum dolor sit amet, consectetuer Charity Trustee, to enable them to carry out their roles. An induction manual is alsoadipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et provided that includes material on the magnis dis parturient montes. Charity Commission's regulations and guidelines and Clatterbridge Cancer Charity's business plan, policies and processes. Additionally, individual meetings are arranged with key hospital and Charity personnel. The fact that so many people choose to Our Commitment to freely donate their personal money toClatterbridge Cancer Charity is inspiring. These supporters should always be treated fairly and with respect, before, during and you after their donation. In line with the Code of Fundraising Practice, the Charity has procedures in place to ensure that we protect people in vulnerable circumstances and other members of the public from inappropriate behaviour. The Charity provides training to those involved in its fundraising, and puts clear processes in place to monitor how it looks after the people who support Clatterbridge. In the past year, the Charity is confident that staff, volunteers, and partners have complied with these standards. Clatterbridge Cancer Charity also adheres to NHS safeguarding policy and procedures. All Charity decisions are approved by a quorum of Trustees that includes a majority of independent Trustees. During the 12 month period to 31 March 2025, Trustees met as a body four times, and additionally considered specific items via committee meetings. No Trustee received any remuneration from the Charity during the period. ## Our Trustees On 31 March 2025, the Board of Trustees comprised eight Trustees with a mix of skills, from a range of sectors and industries, six of whom are independent, all of whom are Members of the Charity and Directors of the charitable company. The Charity reviews the skills mix of the Trustees to ensure that the Board of Trustees has all the necessary skills required to contribute fully to the Charity's development. Two of the Trustees are also members of The Clatterbridge Cancer Centre NHS Foundation Trust Board. To aid decision-making, the Trustees established five sub-committees to the main Board. The Trustees have agreed terms of reference for each committee. A Trustee chairs each committee, which includes at least one other Trustee in its membership: - Finance, Audit & Risk (FAR) Committee (includes Investment Sub-Committee) - Charitable Spending Committee - HR & Remuneration Committee - Governance Committee - Business Development Committee Clatterbridge Cancer Charity Board approves the affairs of the Charity and ensures compliance with the Memorandum and Articles of Association. 7 ## Structure Governance and Management Clatterbridge Cancer Charity ('the Charity') is a company limited by guarantee (Company no. 14732055) and a registered charity (Charity no. 1202412) governed by its memorandum and articles of association. The Trustees constitute Directors of the Charity for the purposes of company law. On 1 July 2023, The Clatterbridge Cancer Centre NHS Foundation Trust, which had previously acted as corporate trustee for the Charity, transferred all assets, liabilities and functions of the previous Clatterbridge Cancer Charity (registered Charity no 1051727) to the new Clatterbridge Cancer Charity. A Deed was signed on 1 July 2023, whereby The Clatterbridge Cancer Centre NHS Foundation Trust, agreed to transfer all future income to the Charity. The Clatterbridge Cancer Charity has a Board of independent Trustees; it is controlled by its governing document; memorandum and articles of association, and constitutes a company limited by guarantee. At all times the Board of Trustees must remain independent of the Foundation Trust. This is achieved by ensuring the balance of independent Trustees and those with a NHS link is maintained. Clatterbridge Cancer Charity Board approves the affairs of the Charity and ensures compliance with the Memorandum and Articles of Association. Within the Charity are a number of designated funds, which are managed by senior managers within the Charity. The extent of an individual's authority to commit expenditure is set out in the Charity's Scheme of Delegation, and must comply with the following principles: - Expenditure must be in line with the objects of the charity; - Funds are only spent on the purpose for which they are donated; - Expenditure must be assessed in terms of necessity and value for money; - Funds should be used for public benefit; - There must be no personal gain from the approval of expenditure by a fund manager; - Funds must not be used to benefit the friends or relatives of staff. The accounting records of the day to day administration of the funds are dealt with by the Finance and Operations Manager. 8 ## Financial Review ## Investment policy and objectives: The Clatterbridge Cancer Charity Trustee Board appointed Rathbones as Investment advisors. The Board has also appointed an Investment Committee as part of the FAR Committee, comprising two independent trustees, CEO and Finance & Operations Manager. The duties of the Investment Committee are to safeguard the investment portfolio, to ensure that full and proper advice is received from the investment advisor, and to monitor that the investment policy suggested by the advisor complies with the Trustee Investment Act. The Charity's investment policy is set out below: Clatterbridge Cancer Charity will invest surplus cash held as part of its Charitable Funds in accordance with the Trustee Investment Acts. The nature of the investment shall be appropriate to the projected availability of the funds to be invested. To ensure that cash is always available to meet immediate needs, the Trustees shall use cash flow projections and budget planning. Funds shall be invested, as deemed appropriate by the Investment Committee, in low or medium risk investments with the following exclusions: • Any company engaged in the manufacture of tobacco or tobacco products. ## Reserves policy The Charity has agreed a reserves policy to ensure the financial viability of the fund and its ability to meet its on-going commitments. The target would be to hold reserves to the value of approximately one year's worth of recurrently committed expenditure. Management actions will be required should the value of the fund exceed two years worth of recurrent expenditure, or fall below one year's worth of recurrent expenditure. The policy, therefore, protects the spending plans against both falls in voluntary and fundraising income and investment values. As at 31 March 2025, unrestricted reserves were £5.4m. These reserves include designated funds of £860k, therefore there are £4.5m of general unrestricted reserves as at 31 March 2025. The Charity has a policy to have enough reserves to cover next years already supported grants, wages and recurrent costs. These amount to an estimated £2.95m. This leaves £1.6m of reserves to fund future projects. As noted on note 19, the Charity is supporting a five year research programme to fund £5m over the next five years. At the year end the amount not paid yet amounts to £3.37m. This will be recognised upon satisfactory completion of the grant requirements. It also has raised support to fund a further two years Arts in Health and there is £422k left to fund and account for in future years. Therefore the Charity does need to continue to fundraise and rely on public support to enable it to build up reserves for future grant funding. The performance of all administrative designations is monitored on a monthly basis to ensure that current commitments can be met. 9 ## Management of the Charity The day-to-day management of the Charity is delegated to the CEO. All strategic and other major decisions are considered and taken by the Trustees. The management of the Charity falls into seven areas of responsibility: ## Assessment and approval of ## business plan The Charity's senior management team prepares a detailed business plan and annual budget for consideration and approval by the Trustees. The plan lays out the operational and financial objectives for the financial year ahead. ## Identification and approval of ## projects for funding The Charity achieves its objectives by fundraising for key projects in support of the hospital. The Trustees are committed to ensuring that the Charity's fundraising activities are in line with the strategic goals of The Clatterbridge Cancer Centre NHS FT. Therefore, new fundraising projects are initially identified with and approved by the hospital, before being reviewed and considered by the Trustees for approval. ## Fundraising and communications This encompasses all fundraising appeals and initiatives, and the way that the Charity presents itself to the outside world. ## Finance and administration This covers finance and accounting, legal and administrative requirements of the Charity, the day-to-day management of which is delegated to the Finance and Operations Manager. ## Management of funds and activities transferred This covers the use of restricted and designated funds. ## Protection and social investments This covers the management and control of fundraising regarding supervising fundraising, protecting the Charity's reputation, money and other assets, following fundraising laws and regulation, adhering to recognised standards for fundraising, and being open and accountable. ## Diversity and inclusion Diversity and inclusion (D&I) at all levels of the organisation is a priority. We believe having an inclusive and welcoming culture allows staff to reach their full potential, and this is a fundamental part of our success. 10 ## Risk management The Trustees have examined the major risks affecting the Charity and identified the system and mechanisms to mitigate these risks. The Finance, Audit & Risk committee reviewed and updated the risk register quarterly and this was reported at every full Trustee Board meeting. ## Declaration of interest The Trustees have a legal obligation to act in the best interests of the Charity in accordance with the Charity's governing documents. The staff of the Charity has the same obligation. Conflicts of interest may arise where an individual's or a related party's business, personal or family interests and/or loyalties conflict with those of the Charity. All Trustees and senior management of the Charity declare their interests in writing within four weeks of taking up any position. Trustees and staff are asked to confirm annually that the information held continues to be relevant. In addition all Trustees are asked to declare any conflicts of interest prior to the commencement of each Board. ## Complaints We hope that supporting Clatterbridge Cancer Charity is a positive experience and always strive to do better for supporters. To ensure this is the case, the Charity has a Complaints Policy, which sets out the procedure for the occasions when a supporter or member of the public feels like they need to raise a concern. During 1 April 2024 to March 2025, the Charity received no complaints. 11 Statement of Trustees’ Responsibilities The Trustees (who are also the directors of Clatterbridge Cancer Charity for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently observe the methods and principles in the Charity 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 charitable company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: - there is no relevant audit information of which the charitable company's auditor is unaware; and - the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Report of the Trustees, incorporating a strategic report, approved by order of the board of Trustees, as the company directors, on ............................................. 3rd November 2025 and signed on the board's behalf by: ..................................................................... B R Barwick OBE – Chair of Trustees 12 Reference and Administrative Details for year ended 31 March 2025 ## TRUSTEES B R Barwick OBE - Chair K Doran C M Frost Dr S Khanduri (resigned 31.7.25) Dr S Neophytou S Stuart Prof P A S Wilson J J J Wright Mrs J Spencer (appointed 27.7.25) REGISTERED OFFICE Clatterbridge Cancer Charity Clatterbridge Road Bebington Wirral Merseyside CH63 4JY REGISTERED COMPANY NUMBER 14732055 (England and Wales) ## INDEPENDENT AUDITOR DJH Audit Limited Pacific Chambers 11-13 Victoria Street Liverpool L2 5QQ BANKERS National Westminster Bank 6 Grange Road West Charing Cross Birkenhead Wirral CH41 4DF SOLICITORS Withers LLP 20 Old Bailey London EC4M 7AN REGISTERED CHARITY NUMBER 1202412 INVESTMENT ADVISORS Rathbones Port of Liverpool Building Pier Head Liverpool L3 1NW 13 ## Year in Numbers The £4.7M our supporters raised funded these projects and many more. £1,855,931 Towards cutting edge research into new treatments £620,000 For the Arts in Health Programme £3,200 to help patients and staff celebrate Christmas £75,000 for surface guided radiotherapy to reduce the need for permanent tattoos £993 for postcards to patients to boost morale £18,573 to fund a patient counsellor £600 for memory books for patients and their families £6,432 consectetuer adipiscing elit. for specialist radiotherapy Aenean commodo ligula eget bras to improve comfort for breast cancer patientsdolor. Aenean massa. Cum sociis 14 ## Investing in Research 2024/25 Over the past year, our Charity has made significant strides in improving lives through supporting clinical trials into new drugs and we have committed to funding £5 million of research over five years. We awarded our researchers based here in Liverpool £1,855,931. The variety of clinical trials on offer is expanding rapidly, including pioneering work in the design and delivery of cancer vaccines. These innovative treatments represent a significant leap forward in our fight against cancer, and Clatterbridge is proud to be leading the way in this cutting-edge research. Every effort counts, and together we are creating lasting change. In 2024/25 the Charity’s donors and fundraisers helped fund: Metastatic breast/brain cancer research Immunotherapy research A Clinical Fellow to assist consultants in their clinical research Support to Research and Innovation 15 ## Investing in the Teenage and Young Adult Team ## Supporting young cancer patients Having cancer is daunting at any age but it can be particularly tough when you are young. The Teenage and Young Adult (TYA) team at The Clatterbridge Cancer Centre - Liverpool wants to make sure patients feel well supported and can meet other young people with cancer. As part of our commitment to supporting young people with cancer we have awarded £28,350 to peer support activities in the TYA. This funding allows young people to get together for Pizza Thursday or enjoy days out at local attractions like Chester Zoo (above). Leon, from Liverpool, left, was 21 when he was diagnosed with Hodgkin’s lymphoma. Leon said: “The nurses on the TYA are real unsung heroes – the absolute best at what they do. It can be really isolating having cancer as a young person, but Clatterbridge Cancer Charity supported the unit with things like Pizza Thursdays and social activities. That made a huge difference." 16 Salford Co. ## The Arts Programme Thanks to our fundraisers we were able to fund an Arts In Healt Programme that was enjoyed by more than 2,000 patients in 2024/25. Staff delivered regular creative activity for patients including arts and craft, music and a poetry and creative writing programme. The project with FACT Liverpool and the Teenage and Young Adult ward continued and a Podcast created by young patients was published on the FACT website. One hundred per cent of service users participating in creative activity reported a positive impact on their Health and Wellbeing. ## **The programme provided:** - **51 Music performances: across all Clatterbridge sites Creative Activity Programme Activities for 2,721 service users More than 100 Arts Activity Packs for in-patients Eight new artworks in the hospitals** ## What our patients said: “It made me forget for a few moments my cancer, my pain, and my bad thoughts. God bless all the team.” “Artwork makes the hospital less scary, art allows the setting seem more human.” “The bright, cheerful artwork lifts the spirits at a difficult time.” “The art pack was useful when I was in isolation on the stem cell unit.” 17 ## Our Events In 2024/25 our team oversaw events, raising a total of £698,590. This included. The 80s Ball raised £188,000 Glow Green Nightwalk raised £270,000 Third party events raised £273,000 18 ## Our Volunteers and Human Community Resources Fundraisers Volunteers are a vital part of Then she became involved Report the work of Clatterbridge with bucket collections, and Cancer Charity and we raffle ticket selling. Lorem ipsum dolor sit amet, consectetuer greatly value the She now volunteers at adipiscing elit. Aenean commodo ligula eget dolor. contribution they make. events, utilising her skills as Aenean massa. Cum sociis natoque penatibus et From mass participation a photographer, as well as magnis dis parturient montes, nascetur ridiculus events to bucket collections, helping spread the word mus. Donec quam felis, ultricies nec, pellentesque. running stalls, and much about the lottery in the more we couldn’t do what hospital. we do without them. Ann said: “Everyone who After her husband Simon puts a coin in the collection died from a rare form of bucket, buys a packet of Marketing & Sales cancer Ann Moore started cards, or agrees to pose for a volunteering for photograph, is doing so with Clatterbridge Cancer Charity. love for the cancer patients Ann began as a ‘befriender’ Operation & Logistic who didn’t survive and with to inpatients at hope for the future. That’s Clatterbridge, spending one why I love volunteering for afternoon a week doing the Clatterbridge Cancer Finance & Legal simple crafts with them. Charity.” Ann said: “Everyone who puts a coin in the collection bucket, buys a packet of cards, or agrees to pose for a photograph, is doing so with love for the cancer patients who didn’t survive and with hope for the future. That’s why I love volunteering for the Clatterbridge Cancer Charity.” We worked with 112 volunteers Volunteers contributed 896 hours to our efforts in 2024/25. 19 ## Report of the Independent Auditor to the Members of Clatterbridge Cancer Charity ## Opinion I have audited the financial statements of Clatterbridge Cancer Charity (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). - In my opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## Basis for opinion I conducted my audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. My responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of my report. I am independent of the charitable company in accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK, including the FRC's Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. ## Conclusions relating to going concern In auditing the financial statements, I 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 I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 20 ## Report of the Independent Auditor to the Members of Clatterbridge Cancer Charity cont. My responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard. ## 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 my Report of the Independent Auditor thereon. My opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in my report, I do not express any form of assurance conclusion thereon. In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the audit or otherwise appears to be materially misstated. If I identify such material inconsistencies or apparent material misstatements, I am required to determine whether this gives rise to a material misstatement in the financial statements themselves. Opinions on other matters prescribed by the Companies Act 2006 In my opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Report of the Trustees has been prepared in accordance with applicable legal requirements. 21 ## Report of the Independent Auditor to the Members of Clatterbridge Cancer Charity cont. Matters on which I am required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, I have not identified material misstatements in the Report of the Trustees. - I have nothing to report in respect of the following matters where the Companies Act 2006 requires me to report to you if, in my opinion: adequate accounting records have not been kept or returns adequate for my audit have not been received from branches not visited by me; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees' remuneration specified by law are not made; or I have not received all the information and explanations I require for my audit. ## Responsibilities of Trustees As explained more fully in the Statement of Trustees' Responsibilities, the Trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so. My responsibilities for the audit of the financial statements My 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 a Report of the Independent Auditor that includes my 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. 22 ## Report of the Independent Auditor to the Members of Clatterbridge Cancer Charity cont. We assessed the susceptibility of the Charity's financial statements to material misstatement, including how fraud might occur. Audit Procedures performed by the Charity engagement team included: A further description of my responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of my Report of the Independent Auditor. - Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; - Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable law and regulations; Challenging assumptions and judgements made by management in its significant accounting estimates. Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatement in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls. ## Use of my report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. My audit work has been undertaken so that I might state to the charitable company's members those matters I am required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for my audit work, for this report, or for the opinions I have formed. Timothy Cherry, FCCA (Senior Statutory Auditor) for and on behalf of DJH Audit Limited Pacific Chambers 11-13 Victoria Street Liverpool L2 5QQ 3rd November 2025 Date: ............................................. 23 Statement of Financial Activities for the year ended 31 March 2025 24 Balance Sheet at 31 March 2025 3rd November 2025 **----- Start of picture text -----**
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Cash Flow Statement for the year ended 31 March 2025 26 Notes to the Cash Flow Statement for the year ended 31 March 2025 **----- Start of picture text -----**
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## Notes to the Financial Statements for the Year Ended 31 March 2025 ## 1 ACCOUNTING POLICIES ## Basis of preparing the financial statements The Charity is a company limited by guarantee. The members of the company include the trustees named in the report of the trustees. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. ## Going concern The financial statements have been prepared on a going concern basis. In determining the appropriate basis of preparation for the financial statements, the Trustees are required to consider whether the Charity can continue in operational existence for the foreseeable future. After the review of the budget and predictions for a period of at least 12 months from the date of approval of these financial statements, and having considered the uncertainties prevalent when making predictions of future events, the Trustees are of the opinion that the Charity has adequate resources to continue in operational existence for the foreseeable future. ## Income All incoming resources are included in full in the SOFA as soon as the following three factors can be met: - All incoming resources are recognised once the charity has entitlement to the resources. - All incoming resources are recognised when it is probable that the incoming resource will be received. - All incoming resources are recognised when the monetary value of the incoming resource can be measured with sufficient reliability. Legacies are recognised and accounted for when it is probable that it will be received. This will be once i. There has been grant of probate; ii. The executors have established that there are sufficient assets in the estate, after settling any liabilities, to pay the legacy; and iii. Any conditions attached to the legacy are either within the control of the Charity or have been met. 28 Notes to the Financial Statements for the Year Ended 31 March 2025 ## Expenditure The funds held on trust accounts are prepared in accordance with the accruals concept. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. ## **Cost of generating funds** The costs of generating funds are the costs associated with generating income for the funds held on trust, which include the direct costs associated with generating income. It also includes the fees paid to investment managers in connection with the management of the Charity’s listed investments. ## **Charitable activities** Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs comprise direct costs. Governance costs comprise all costs incurred in the governance of the charity. Expenditure on the governance of the charity includes support costs and the costs related to statutory audit. These costs are accounted for on an accruals basis. ## Irrecoverable VAT Irrecoverable VAT is charged against the category of resources for which it was incurred. ## Taxation The Charity is exempt from corporation tax on its charitable activities. ## Fund accounting Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified on the accounts as a restricted fund, where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose. The restricted funds are as follows: •Funding life-saving research, enabling clinicians to look at new ways to treat and prevent cancer, helping to shape cancer care for generations to come. •Enabling innovations in care, for every patient, every day. •Enhancing the patient environment to help create patient centred spaces and activities to support recovery and wellbeing. •Investing in leading technology, enabling clinicians to do the very best for people with cancer and improve outcomes. Designated funds are those where the donor has made known their non-binding wishes, or where the Trustees', at their discretion, have created a fund for a specific purpose from the unrestricted funds but the designation is for administrative purposes only and does not legally restrict the Trustees' discretion to apply the funds to other projects. **----- Start of picture text -----**
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Notes to the Financial Statements for the Year Ended 31 March 2025 ## Pension costs and other postretirement benefits The charitable company operates a defined contribution pension scheme.Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Certain Charity employees transferred to the Charity under TUPE arrangements are members of the NHS Pension Scheme in England and Wales which is a multiemployer defined benefit scheme administered for the benefit of NHS employees, General Practices and other bodies under the direction of the Secretary of State. The cost of employer pension contributions to the NHS Pension Scheme in England and Wales is charged to the Statement of Financial Activities. The Charity has no liability under the NHS Pension Scheme in England and Wales defined benefit pension scheme. ## Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the period-end and opening market value (or purchase date if later). ## Investments Investments represent units held in listed stocks which are measured using the latest bid price available on or before the Balance Sheet date. ## Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. ## Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's Balance Sheet when the Charity becomes party to the contractual provision of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 30 Notes to the Financial Statements for the Year Ended 31 March 2025 ## Realised gains and losses Basic financial assets, which include trade and other receivables and cash and cash equivalents, are initially measured at transaction price, including transaction costs, and are then subsequently carried at amortised cost using the effective interest method, less provision for impairment, unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future lease receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Charity's cash and cash equivalents, trade and other receivables due with the operating cycle fall into this category of financial instruments. ## Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying value amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the Statement of Financial Activities. ## Financial Liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after the deduction of its liabilities. Basic financial instruments, which include trade and other payables are initially measured at their transaction price after transaction costs. When this constitute a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. 31 Notes to the Financial Statements for the Year Ended 31 March 2025 Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments ## **Derecognition of financial assets** Financial assets are derecognised when their contractual right to future cash flows expire, or are settled, or when the Charity transfers the asset and substantially all of the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Charity will continue to recognise the value of the portion of the risks and rewards retained. 2 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Management have assessed that significant judgements or estimates have been required as part of the production of these financial statements. These are as follows: - The assessment as to whether a grant payment commitment should be recorded as a liability on the balance sheet requires an assessment of the likelihood and amount of economic benefits expected to be transferred. This includes an assessment as to the degree to which performance obligations on the part of the donee have been met, and the probability of the grant being paid by the Charity. As part of this assessment, management take into account various factors including legal and constructive obligations on the part of the Charity. ## **Derecognition of financial liabilities** Financial liabilities are derecognised when the Charity's contractual obligations expire, are discharged or cancelled. 32 Notes to the Financial Statements for the Year Ended 31 March 2025 ## 3 DONATIONS AND LEGACIES ## 4 OTHER TRADING ACTIVITIES ## 5 INVESTMENT INCOME 33 Notes to the Financial Statements for the Year Ended 31 March 2025 6 DONATIONS AND LEGACY INCOME FROM CHARITABLE ACTIVITIES ## 7 RAISING FUNDS 8 CHARITABLE ACTIVITIES COSTS ## 9 SUPPORT COSTS 34 ## Notes to the Financial Statements for the Year Ended 31 March 2025 ## 10 OTHER - Charitable Grants 11 NET INCOME/(EXPENDITURE) 12 TRUSTEES’ REMUNERATION AND BENEFITS 13 STAFF COSTS 35 Notes to the Financial Statements for the Year Ended 31 March 2025 13 STAFF COSTS CONTINUED 14 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 36 Notes to the Financial Statements for the Year Ended 31 March 2025 ## 15 FIXED ASSET INVESTMENTS 16 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 17 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 37 Notes to the Financial Statements for the Year Ended 31 March 2025 ## 18 MOVEMENT IN FUNDS 38 Notes to the Financial Statements for the Year Ended 31 March 2025 ## 18 MOVEMENT IN FUNDS CONT 39 Notes to the Financial Statements for the Year Ended 31 March 2025 ## 19 OTHER FINANCIAL COMMITMENTS As at the prior period end 31 March 2024, the Charity had awarded a £5m long-term research grant over 5 years. This will be recognised in accordance with the grant recognition accounting policy i.e. when performance obligations are met and the Charity has an obligation to pay down the grant. As at 31 March 2025, £980,647 has been awarded and a further £3,374,773 is not recognised as a liability as it is contingent on future performance objectives being met. The £591,263 reduction from £5m is due to grant underspend. ## 20 RELATED PARTY DISCLOSURES As disclosed in the Report of the Trustees, two of the trustees of this entity are also Trustees of The Clatterbridge Cancer Centre NHS Foundation Trust. There are no related party transactions which require disclosure under the Charity SORP. ## 21 POST BALANCE SHEET EVENTS There are no events, either adjusting or non-adjusting, after the Balance Sheet date that require disclosing within these financial statements. 40 ## Contact Us Phone: 0151 556 5566 Email: ccfr-tr.fundraising@nhs.net Website: clatterbridgecharity.org/ Address: Clatterbridge Cancer Centre Bebington Wirral CH63 4JY United Kingdom