THE RICHARD DIMBLEBY CANCER FUND
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
Registered Charity: 247558
Chartered Accountants
THE RICHARD DIMBLEBY CANCER FUND
CONTENTS
| Page | |
|---|---|
| Reference and administrative information | 1 |
| Report of the trustees | 2 - 4 |
| Auditor's report | 5 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the accounts | 10 - 14 |
THE RICHARD DIMBLEBY CANCER FUND
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity name THE RICHARD DIMBLEBY CANCER FUND Registered charity 247558 Address 4th Floor, Management Offices Bermondsey Wing Guys Hospital Great Maze Pond London SE1 9RT Trustees Jonathan Dimbleby Chairman Hamish Sinclair Honorary Treasurer and Deputy Chair from 28th November 2023 Helen Boaden Trustee and Deputy Chair until 28th November 2023 Patricia Brolly Frederick Dimbleby Kitty Dimbleby (from 28 November 2023) Nana Fifield (from 21 February 2024) Liz Price Arnie Purushotham Jo Ralling Kyle Taylor Staff Paula Hargadon Cancer Care Map Co-Director Robin Pritchard Cancer Care Map Co-Director Lois Jacobs Cancer Care Map Content Manager Patricia Hadfield Cancer Care Map Content Manager Advisors: Auditor Edwards and Keeping Limited, Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA Investment managers Cazenove Capital Management 12 Moorgate London EC2R 6DA Bankers NatWest Bank PO Box 35 10 Southwark Street London, SE1 1TT Professional Filanthropia Consulting Limited Governance Advisor Heath House Alldens Lane Godalming, Surrey GU8 4AP
_____________________ - 1 -
THE RICHARD DIMBLEBY CANCER FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024
The trustees present their report and the audited financial statements of The Richard Dimbleby Cancer Fund for the year ended 31 July 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
Objectives and activities for the public benefit
The Trust was created by a Trust Deed in England dated 23 March 1966 and exists for the purpose of supporting people with cancer and their carers, as well as funding research into cancer treatment and palliative and supportive care: put simply, to help make life better for people living with cancer.
The original deed states that the funds be applied for all or any of the following purposes 1) to promote the work of Cancer Research 2) to provide relief and comfort for Cancer sufferers and/or 3) to establish and endow Cancer Research and/or treatment, fellowships, bursaries or scholarships.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.
In the financial year 2023/24 the Trustees applied to amend the Trust deed in line with the evolving nature of the charity. The Charity Commission approved the amendments which were added on 13[th] October 2024.
Throughout 2023/24 the charity continued to focus its work on the growth and development of Cancer Care Map. Working with NHS Trusts, support services, charities and community support organisations across the UK, Cancer Care Map is the only comprehensive and trusted directory of cancer care services in the country. Robin Pritchard and Paula Hargadon continued in their roles of Co-Directors, 5 days per week and 3 days per week respectively. Lois Jacobs continued in her part-time role (24 hours per week) as Content Manager. In July 2024, Patricia Hadfield joined the permanent staff as a part-time Content Manager, to work alongside Lois to provide Content Manager cover across the full week.
We continued to work with a team of contract Content Editors, overseen by Robin Pritchard and Lois Jacobs, and latterly Patricia Hadfield. As the content has grown, this has allowed us to work flexibly with the team to ensure that all information is checked and updated every 3 months. The charity continued to engage the services of Loupe Agency to oversee the social media activity for the charity. Contracts for services are in place for all support.
Signet Consulting are engaged on a monthly contract basis to ensure the technical support of the platform and all IT support for the charity. Sivoxi were engaged from August 2023 and provide technical development for the site as and when required.
The Board has remained committed to continuing to raise the public profile of the charity. In October 2023 the charity organised a successful sponsored fundraising dinner.
The Richard Dimbleby Cancer Care Research Fund remains on hold at this time. All historic grants awarded have now been finalised.
As per the terms of the Major Gift made to Guy's and St Thomas' Charity in July 2019, the Guy's and St Thomas' Trust continue to support the ongoing work of Dimbleby Cancer Care at Guy’s Cancer Centre with no further financial input from The Richard Dimbleby Cancer Fund.
The Advisory Board remains in place and continues to advise on matters arising including current research projects still in progress and the development of Cancer Care Map.
The charity is registered at Guy's Hospital. The agreement with GSTT is that the office space is used as a shared office space with access for the Cancer Care Map team 2 days per week while continuing to utilize onsite storage space and use of the post-room.
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REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
THE RICHARD DIMBLEBY CANCER FUND
Achievements and performance
We continued to engage the contractual services of Michael Kay to manage all funding applications to Trusts and Foundations. In the financial year to 31 July 2024 grants to the value of £36,050 had been achieved through Michael Kay's applications.
We continue to engage directly with all the NHS England Cancer Alliances and continue to engage with stakeholders in Primary and Secondary Care as well as the third sector throughout the UK. We present regularly to both patient and health care professional groups and the site is now embedded within many NHS Trust and Cancer Alliance websites as a signposting resource for cancer support services.
In 2023/24 the charity developed a partnership funding strategy to license the information on Cancer Care Map to partner organisations. In 2023/24 the charity secured its first two partnerships with a major UK cancer charity and a NHS Cancer Alliance whilst beginning discussions with a number of other organisations.
Financial review
Hamish Sinclair continues in his role of Honorary Treasurer, working closely with Paula Hargadon and the Cazenove Account team. The charity accounts preparation, payroll and annual audit are managed by the charity’s accountants, Edwards & Keeping.
Total income for the year was £184,603 (2022/23 £388,144) and total expenditure was £290,970 (2022/23 £226,183), with an overall deficit of £106,367 (2022/23 surplus of £161,961). The deficit on restricted funds was £35,591 with £Nil carried forward. The deficit on unrestricted funds was £70,776, reducing the unrestricted funds balance at 31st July 2024 from £237,267 to £166,491.
The Richard Dimbleby Cancer Fund's reserve policy is to hold six months of planned expenditure as cash reserves to ensure continued financial security.
Plans for future periods
Over the financial year 2024/25 The Richard Dimbleby Cancer Fund will continue to develop Cancer Care Map, through its work with NHS England, the Cancer Alliances and supporting and developing their licensing partnerships. Cancer Care Map continues to be a key sign-posting resource for anyone facing cancer in the UK today.
Structure, governance and management
The Trust Deed provides for a minimum of three trustees. The power to appoint new trustees is vested in the surviving or continuing trustees. The Board of Trustees met four Times in the year. The Cancer Care Map Directors report to the Chairman and Deputy Chairman on a regular basis.
Annual staff appraisals (including salary reviews) are carried out by the Chairman and Director at the beginning of the year.
The charity remains bound and informed by GDPR legislation. The Board remains vigilant to possible risks and remain confident that the charity is not exposed currently to any that require action at this point.
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THE RICHARD DIMBLEBY CANCER FUND
REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
Trustee responsibilities
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures
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disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
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charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees for issue on 6 November 2024 and signed on their behalf by:
J Dimbleby
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THE RICHARD DIMBLEBY CANCER FUND
AUDITOR'S REPORT TO THE TRUSTEES OF THE RICHARD DIMBLEBY CANCER FUND
Opinion
We have audited the financial statements of The Richard Dimbleby Cancer Fund (the ‘charity) for the year ended 31st July 2024 which comprise The Statement of Financial Activities, Balance Sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• give a true and fair view of the state of the charity’s affairs as at 31st July 2024, and of its incoming resources and application of resources 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 Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in annual report, including the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified any material misstatements in the trustee's report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
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THE RICHARD DIMBLEBY CANCER FUND
AUDITOR'S REPORT TO THE TRUSTEES OF THE RICHARD DIMBLEBY CANCER FUND
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement [set out on page 4], the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to close the charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
• we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our knowledge and experience of the charity sector;
• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including legislation, such as the Charities Act 2011, data protection, employment and health and safety legislation.
• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and reviewing legal expenses; and
• identified laws and regulations were communicated to the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the chairty's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations
To address the risk of fraud through management bias and override of controls,we:
• performed analytical procedures to identify any unusual or unexpected relationships;
• tested journals entries to identify unusual transactions; and
- investigated the rational behind significant or unusual transactions;
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THE RICHARD DIMBLEBY CANCER FUND
AUDITOR'S REPORT TO THE TRUSTEES OF THE RICHARD DIMBLEBY CANCER FUND
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statements disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance;
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enquiring of management as to actual and potential litigation and claims.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidancefor-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx
This description forms part of our auditor’s report.
Edwards and Keeping is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Edwards and Keeping Limited, Statutory Auditor
Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA
2 December 2024
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THE RICHARD DIMBLEBY CANCER FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024
| Unrestricted funds Notes £ Income from: 4,301 78,265 20,075 31,050 - - 27,136 6,500 Investment income: Income from managed funds 5,786 Bank deposit interest 1,490 Total income 174,603 Expenditure on: 2 26,940 3 218,439 Total expenditure 245,379 (70,776) 11 - 8 - Net (deficit)/income for the year 5 (70,776) Reconciliation of funds Funds brought forward 237,267 Funds carried forward 11 166,491 Net gains/(losses) on investments Net (deficit)/income before investment gains and losses Grants - not performance related, other charities Fundraising event sponsorship Charitable activity grants - NHS England 22/23 General donations and gift aid Raising funds Charitable Activities Legacies Transfer between funds Charitable activity grants - NHS England 23/24 Charitable activities - Cancercare Map licence income Fundraising event donations and gift aid |
Restricted funds £ - - - 10,000 - - - - - - 10,000 - 45,591 45,591 (35,591) - - (35,591) 35,591 - |
Total funds 2024 £ 4,301 78,265 20,075 41,050 - - 27,136 6,500 5,786 1,490 184,603 26,940 264,030 290,970 (106,367) - - (106,367) 272,858 166,491 |
Total funds 2023 £ 64,199 - 15,047 61,300 145,000 100,000 - - 1,429 1,169 |
|---|---|---|---|
| 388,144 | |||
| 17,724 208,459 |
|||
| 226,183 | |||
| 161,961 - - |
|||
| 161,961 110,897 |
|||
| 272,858 |
All results are derived from continuing activities.
The Trust has no gains or losses other than those recognised in the Statement of Financial Activities.
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THE RICHARD DIMBLEBY CANCER FUND
STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVE - YEAR ENDED 31ST JULY 2023
| Income from: Investment income: Income from managed funds Bank deposit interest Total income Expenditure on: Total expenditure Net income/(deficit) for the year Reconciliation of funds Funds brought forward Funds carried forward Charitable Activities Net income before investment gains Net gains/(losses) on investments Donations Grants - not performance related Charitable activity grants - NHS England 22/23 Fundraising events Raising funds Legacies Charitable activity grants - NHS England 23/24 Transfer between funds |
Unrestricted funds £ 64,199 15,047 61,300 - - 1,429 1,169 143,144 17,724 1,550 19,274 123,870 (23,506) - 100,364 136,903 237,267 |
Restricted funds £ - - - 145,000 100,000 - - - 245,000 - 206,909 206,909 38,091 23,506 - 61,597 (26,006) 35,591 |
Total funds 2023 £ 64,199 15,047 61,300 145,000 100,000 - 1,429 1,169 388,144 17,724 208,459 226,183 161,961 - - 161,961 110,897 272,858 |
Total funds 2022 £ 35,003 - 54,800 150,000 - - 125 53 |
|---|---|---|---|---|
| 239,981 | ||||
| 20,178 293,149 |
||||
| 313,327 | ||||
| (73,346) - - |
||||
| (73,346) 184,243 |
||||
| 110,897 |
- 8b -
Registered Charity: 247558
THE RICHARD DIMBLEBY CANCER FUND
BALANCE SHEET AS AT 31 JULY 2024
| Notes Fixed assets Tangible assets 7 Current assets Investments 8 Debtors 9 Cash at bank and in hand Liabilities Creditors: amounts falling due within one year 10 Net current assets Net assets Funds Unrestricted income funds General income funds Restricted funds 11 Total funds |
Total funds 2024 £ 1,289 1,289 130,900 41,889 87,683 260,472 (95,270) 165,202 166,491 166,491 - 166,491 |
Total funds 2023 £ 1,270 |
|---|---|---|
| 1,270 | ||
| 47,000 100,230 137,441 |
||
| 284,671 (13,083) |
||
| 271,588 | ||
| 272,858 | ||
| 237,267 35,591 |
||
| 272,858 |
Approved by the trustees for issue on 6 November 2024 and signed on their behalf by:
J Dimbleby
H Sinclair
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THE RICHARD DIMBLEBY CANCER FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
(a) Basis of preparation
The Richard Dimbleby Cancer Fund was created by Trust Deed in England & Wales.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the relevant version of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Trust has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The accounts are prepared on a going concern basis under the historical cost convention. There are no material uncertainties which cast doubt on the charity's ability to continue as a going concern. The accounts are presented in sterling which is the functional currency of the Trust and rounded to the nearest £.
The significant accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Income
All income is recognised when the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount receivable can be measured reliably. No expenditure is netted off income.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a letter of performance before the charity is entitled to the funds, the income is deferred and not recognised until either of those conditions are fully met, or the fulfilment of those conditions is wholly within the control od the charity and it is probably that those conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the grant of probate where the administrator/executor for the estate has communicated in writing both the amount and the settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recogised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.
Licence income is recognised across the licence period on a time basis, to reflect the continuous supply of services.
Event income is recognised upon receipt of the funds.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared. This is normally upon notification from the fund managers of the dividend due.
Donated services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
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THE RICHARD DIMBLEBY CANCER FUND
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
(c) Expenditure
Expenditure is recognised on an accruals basis as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes any VAT which cannot be fully recovered. All expenses including support and governance costs are allocated or apportioned to the applicable expenditure headings.
Donations and grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. In the case of an unconditional grant offer this is accrued as a commitment once the trustees have approved the application and the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one year or multi year grant. Grants awarded that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant is outside the control of the charity.
Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees.
Governance costs and support costs have been apportioned between fundraising and charitable activities on the basis of the activities undertaken by staff.
(d) Tangible fixed assets
Tangible fixed assets purchased for continuing use by the charity are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:-
Computer equipment
over 4 years
(f) Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains/(losses) on investments’ in the statement of financial activities if the shares are publicly traded or their fair value can otherwise be measured reliably.
Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.
(f) Fund accounting
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the Trust. Unrestricted funds include designated funds which represent monies set aside by the trustees for specific purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2 Costs of raising funds
| Fundraising costs Investment management costs Support and governance costs |
2024 £ 12,653 141 14,146 26,940 |
2023 £ 4,753 120 12,851 |
|---|---|---|
| 17,724 |
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THE RICHARD DIMBLEBY CANCER FUND
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
3 Costs of charitable activities
| 3 Costs of charitable activities | ||
|---|---|---|
| Online information and support Support and governance costs |
2024 £ 228,663 35,367 264,030 |
2023 £ 180,396 28,063 |
| 208,459 |
4 Allocation of goverance and support costs
The breakdown of support costs and governance costs and how these are allocated between fundraising and charitable activities is shown in the table below:
| Office running costs Administration and operations salaries Audit and accountancy Legal fees Insurance |
Total allocated £ 4,816 31,875 6,679 3,244 2,899 49,513 |
Fund Raising £ 439 12,750 667 - 290 14,146 |
Charitable Activities £ 4,377 19,125 6,012 3,244 2,609 |
|---|---|---|---|
| 35,367 |
All costs were allocated on the basis of staff time, based on activities during the year.
5 Net income for the year
| This is stated after charging: Depreciation Accountants' fees Audit fees Other services - accountancy 6 Information regarding employees and trustees Salaries National Insurance Pension contributions |
2024 £ 762 2,075 4,604 2024 £ 117,302 7,091 1,685 126,078 |
2023 £ 763 1,980 2,446 |
|---|---|---|
| 2023 £ 108,014 6,207 1,532 |
||
| 115,753 |
All trustees give of their time freely and no trustee remuneration was paid in the year.
During the year no travel expenses (2023 £Nil) were reimbursed to any of the Trustees. There were no travel expenses outstanding at the end of the year (2023 £Nil).
There was an average of 3 employees during the year (2023 3 employees).
There are no higher paid employees (2023 nil)
The charity considers its key management personnel comprise the trustees shown on page 1.
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THE RICHARD DIMBLEBY CANCER FUND
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
| 7 Tangible fixed assets At 1 August 2023 Additions Disposals At 31 July 2024 Depreciation At 1 August 2023 Eliminated on disposals Charge for the year At 31 July 2024 Net book value At 31 July 2024 At 31 July 2023 8 Current Asset Investments At 1 August 2023 Acquisitions at cost Disposal proceeds Realised gains/(losses) on disposal Unrealised gains/(losses) on revaluation Cash deposits At 31 July 2024 Cost Valuation |
Cash Equivalents £ 47,000 113,900 (30,000) - 130,900 - 130,900 456 131,356 |
Fixtures, fittings and equipment £ 3,050 781 - 3,831 1,780 - 762 2,542 1,289 1,270 Total Total 2024 2023 £ £ 47,000 47,000 113,900 - (30,000) - - - 130,900 47,000 - - 130,900 47,000 456 2,192 131,356 49,192 |
Fixtures, fittings and equipment £ 3,050 781 - 3,831 1,780 - 762 2,542 1,289 1,270 Total Total 2024 2023 £ £ 47,000 47,000 113,900 - (30,000) - - - 130,900 47,000 - - 130,900 47,000 456 2,192 131,356 49,192 |
|---|---|---|---|
| 3,831 | |||
| 1,780 - 762 |
|||
| 2,542 | |||
| 1,289 | |||
| 1,270 | |||
| Total 2023 £ 47,000 - - - |
|||
| 47,000 - |
|||
| 47,000 2,192 |
|||
| 49,192 |
The cash deposits held by the investment managers is included within the cash at bank and in hand total.
___________________ - 13 -
THE RICHARD DIMBLEBY CANCER FUND
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
| 9 Debtors Trade debtors Other debtors 10 Creditors: amounts falling due within one year Deferred licence income Other creditors 11 Funds General funds £ At 1 August 2023 237,267 Income 174,603 Expenditure (245,379) Net investment gains - Transfers between funds - At 31 July 2024 166,491 Represented by:- Tangible fixed assets 1,289 Net current assets 165,202 166,491 General Prior year funds £ At 1 August 2022 136,903 Income 143,144 Expenditure (19,274) Transfers between funds (23,506) At 31 July 2023 237,267 All debtors are due within one year. |
Restricted fund other £ 1,475 10,000 (11,475) - - - - - - Restricted fund other £ 1,475 - - - 1,475 |
2024 £ 41,667 222 41,889 2024 £ 76,038 19,232 95,270 Restricted fund NHSE £ 34,116 - (34,116) - - - - - - Restricted fund NHSE £ (27,481) 245,000 (206,909) 23,506 34,116 |
2023 £ - 100,230 |
|---|---|---|---|
| 100,230 | |||
| 2023 £ - 13,083 |
|||
| 13,083 | |||
| Total funds £ 272,858 184,603 (290,970) - - |
|||
| 166,491 | |||
| 1,289 165,202 |
|||
| 166,491 | |||
| Total funds £ 110,897 388,144 (226,183) - |
|||
| 272,858 |
12 Related party transactions
During the year there were aggregate donations from Trustees of £10,000. Also, Stonehage Fleming, a related party of the charity as a result of the Trustee Hamish Sinclair's role with that company, sponsored a fundraising event by meeting the event costs of £6,500.
- 14 -