Charity registration number.. 262587 The Plymouth and Cornwall Cancer Fund Annual Report and Financial Statements for the Year Ende(131 Oclober 2025 WESTCOTTS The Plymouth and Cornwall Cancer Fund Contents (continued) Trustees. Report 1107 Reference and Administrative Details Independent Examiner's Report Statement of Financial Activ￿"e$ Balance Sheet 10 Notes to the Financial Stslements 111025 The Plymouth and Cornwall Cancer Fund Trustees. Report Reference and Administrative Details Chalr Mrs S Aspley, Chair Mrs S Dennison, Vice-chair Dr A Smith Tru$tsg$ Mrs J Bewes, Treasurer Miss A N O'connor Mr P WHarker Mr R C Laney Mr C Bowen Mr A P Shute Socrgtsry Mr P W Harker Charity Registration Numb8r 262587 Prlncipal Offic 80A Hyde Park Road Mulley Plymouth PL3 4RQ Inde￿ndent Examlner Matthew Keane FCCA Westcotts ISWI LLP Plym House 3 Longbridge Road Marsh Mills Plymouth Devon PL6 8LT Page 1 The Plymouth and Cornwall Cancer Fund Trustees. Report (continued) The trustees present the annual report together vAth the finawal statement$ of the charity for the year ended 31 October 2025. Chairfs report This year has seen another successfijl year for PtymoLrth and Comwall Cancer Fund IPCCFI, thanks the generous support of the public and commitment of volunteers and stsff. Continued success this year, is pardy as a result of enthusiastic fundraising and shop volunteers picking up on income opportunities such as auctions, jumble sales and Vinted. Other creative ways of income generation include registering Memory Giving and eaS￿ndraising.0rg.Uk. Like all charities, there are akvays challenges, and this year PCCF was asked by The Mustsrd Tree Support Centre in Plymouth to step in to replace the hardship grants previously funded by Macmillan. Thanks to our staff and Volunteers. we successfully met this challenge. using innovative ways of fundraising in the shops and events. To raise our profile the Trustees asked Jane Bewes, our Treasurer lo overt)aul our website. 11 now has a more modem appearance and 1$ Simpler to use. Our thanks go lo for her for her time and expertlse in developing this. All these efforts have enabled us to fvnd grant applications lo support financial support for those affected by cancer. education, a lung cancer research project and continue funding for the development post of a Clini￿1 Nurse Specialist at Derriford Hospital. I want to lake this opportunity lo extend my personal thanks to everyone Involved. Trustees. Staff, loyal volunteers and also all our supporters in the community. Wrthoul them. we would not be able to provide the support for local people affected by ¢an¢er. Vdhich we believe is so important. Sara J Aspley PCCF Chair Page 2 The Plymouth and Cornwall Cancer Fund Trustees. Report (continued) Governance. deci$ionrymaking and recruitment and appointment of trustee directors The fund's governing constitLrtion was adopted on 14 October 1971 and amended on 15 August 1973. The fund is a registered charity. New trustees are appointed on the nominats'on of the existing Trustees. Not more than one third of Tru5tee5 should be an employee. Appointments are made after taking into consideration the specthc skills and knovAedge of the appointee and the requirements of the board as a whole. The Trustees have complied their duty and Nmth due regard to the guidance on public benefit given by the Charity Commission %then exer￿sIng any powers or duties to which the 9uidance was relevant. New Trustees are briefed on their legal obligations under charity law and the Trust deed. They are Inforylled about the deci5ion-making process and familiansed with the business plan and financial performance of the Charity. As soon as prath"cal. new Trustees are introduced to the key employees. Specific training of Trustees is addressed as and vthen matters arise or a particular area is identified. The Trustees normally meet formally four bmes a year. Oblèctlves and actlvld•$ undtrtaktn The objectives of Ptymoulh and Comwall Cancer Fund are., Improvement of local facilities for the diagno$i$ and trealmenl of can￿[ Improvement of local facilities for the care ol cancer pats'ents A$$i$lan¢e with the relief ol hardship arising from ￿nCer Promotion of ¢an¢er edU￿tiOn Support of local research To achieve these objective$, we have., Funded fv40 part time Cancer Nurse Specialist development posts at Derriford H05Pltal funded a research project aimed at helping lo improve the lives of people wth lung cancer provided funding for specialist education and training for oncology clinical staff Assistsnce towards travel costs lo attend for treatment. additional Clothing. accommodation or ulilily bills are the type of assistance sought. These reqtjesls are ma(Je lo the Charity through the Macmillan Mustard Tree Support Centre at Demford Hosprtal ¥there full finan¢ial assessments are made prior to application. Tr6a¥urer'8 remarts The financial performance of our Charity has significantly improved this year mainly due to the increased income at the Yelverton shop and the delay in the start date of a large grant. Reserves Al the year-end reserves were £289,879 {an increase since last year - £241,670}. Money Spent on generating funds. grants and support costs is £110.422 and the Charity has currently ￿MmItted fvnds of £31.145 to grants (see nole 201. and have also sel aside significant funds lo meet further appropriate requests. Therefore, the trustees consider the level of reserves are appropriate to cushion existing activities from unexpected fluctuations in incoming reSour￿S and enable the charity to continue lo function effectivety. Page 3 The Plymouth and Cornwall Cancer Fund Trustees. Report (continued) Incoming Resources The incoming resources in the year was £147.558. The income arose from donations and ftJndrai$ing events £11,430,. investment income £9,305 and charity shops income, £126,823. No legacies were received during the year. The Yefverton shop income was about £17k higher than expected, thi5 IS the second year of trading. Resourcés Expandad The resources expended in the year lotslle(1 £110.422. Of which grants are £22,077 vthich is about £9k lower than planned mainly due lo a large grant starting later than planned. The remainder of the expenditure was in line wilh the previous year costs of raising funds (note 51 which is made up of Charity shop expenditure. fundraising costs and stsff costs lotalled £76,834. The charity remains in a good financial posrt￿n to meet ils. aims and objectives. Investment pollcy Responsible Person - Treasurer Introduction The Charity's income fluctuates due lo varying levels of donations ar￿ legacies. The Trustees ol the Charity have delegated preliminary decision making on investment matters lo the investment ¢tsmmittee'. this compnses of the Chaiman. Vi¢e£haiman. Honorary Secretsry and Honorary Treasurer. The investment committee has appointed an independent professional investmenl adviser to provide guidance on asset allocation, investment manager selection and ongoing performance analysis. Investment Policy review and investment de¢i$ion$ wll be tsken to the Trustees for approval. The nominated first signatory wll be the PCCF Treasurer, and Sthen unavailable wll be the Honorary Secretary or Chairman 1. Investment Objectives The Chanty Seeks to produce the best financial relum within an acceptable level of risk. All income streams from investments and deposits are lo be used by the Iruslees to help carry out their charitable objectives on behalf of beneficiaries. The investment objective for the long-lerm reserves is lo generate capit81 grovth in exce$$ of inflation over the long term. The investment objeth.ve for the short-tem reserves is to preseNe the caprtal value wrth a minimum level of risk. Assets should (wherever possible) be readily available to meet unantscipated ￿$h flow requirements. 2. Risk The key risk lo the long-temi reserves is inllation and the assets should be invested lo miligale this risk over the long term. The Trustees understsnd that Ihis is likely to mean that investments will be concentrated in real assets and the capital value wll Iluctuate. The long-term reserves should be widely diversified by asset dass, geographical and individual stock exposure. The investment commrttee has commissioned an independent professional investment adviser to recommend a surtable asset allocation strategy and to review this annually. Page 4 The Plymouth and Cornwall Cancer Fund Trustees. Report (continued) The short-temi reserves are held to provide financial security and may be required at short notice. As such, capital volatility cannot be tolerated and investment of ihese assets should be focused on security and accessibility. 3. Liquidity Requirements The Trustees consider that the sum of at least £50.000 should be retained as free reserves to enable them lo rneel any future urgent requests rapidly. This policy is reviewed annually and reported to membern at each AGM. 4. Time Horizon The Charity has divided rts reserves into those expected lo be held for a long-b.me horvzon and those that may be needed in the short tem. 5. Ethical Investment Policy The Iruslees have decided lo publish their ethical investment policy as follows.. In general. our Iruslees are obliged lo consider the type of investment and avoid investing in any party'cular business that would for practical reasons conflict the aims of Plymouth and Comwall Cancer Fund or that might hamper the Swrk of Plym¢)ulh and Comwall Cancer Fund. Specifically, the trustees have considered $u¢h types of businesses for their long-term restricted and unreslricled funds and have decided to.. exclude investment in companies %thich derive more than 10% of revenue from the tobacco industry on the grounds that these could fundamentslly conflict the Charity's aims 89 8 cancèr support charity. This applies lo any direct investments in equib'e$. corporate debt. propety or pooled investment funds. The trustees will also bear this in mind when wisidering its selection of bank$ and other deposit holding institutions. Pooled funds are funds in %thich a number of drflerent investors invest. Because Plymouth and Cornwall Cancer Fund's Specific ethical investment policy may not be able to be applied fully, or al all, n investments in pooled funds and Indirect vehicles, il is essential that parameters are set for the use of pooled funds and Indi￿¢t vehides. Any investment manager or adviser wll be briefed accordingly ol this ethical investment policy appendix lin conjunction with our investment policy) before being offered any contract or mandate to provide investment ServI￿S or advice to our charity. 6. Management, Reporting and Monitoring Long Term Reserves The investment committee has appointed an independent professional investment adviser lo carry out a process of investment manager Selection. The long-term reserves are invested in a blend of V+idely diversified Common Investment Funds ICIFSI, Common Authorised Investment Funds ICAIFS) or retail investment funds. known as open ended investment ￿MpanY sha￿$ IOEICsl an(Wor unit Trusts (UTS) wth suitable ethical investment policies in place. All fvnds are to be UK domialed and regulated by the Financial Conduct Authority. The value of the Charty's long-temi reserves wll be monitored at least annually by the investment committee. Page 5 The Plymouth and Cornwall Cancer Fund Trustees. Report (continued) An independent professional invesknent review is commissioned annually lo analyse finanaal return, asset allocation and volatility and is presenled to the inveslment committee. Short Terni Reserves The investment committee manage$ the Chanty's Short-temi cash deposil reserves. The investment committee monitors the short-term reserves at least annualty. 7. Approval and Review This Investment Policy Ststement was prepared by the investment committee of the Plymouth and Cornwall Cancer Fund lo provide a framework for the management of ils reserves. 11 will be reviewed every three years lo ensure its conknnuing appropriateness. Approval Dale.. 25.01.22 IMinLrte No 15731 Review Dale.. 2025 Grant maklng Grants will be considered that.. Improve local facilities for the diagnosis and treatment of cancer Improve local Equipment and facibties for Ihe care of cancer patients- Support local research Promote cancer education To support your application, heatthcare professionals and staff caring for patients will need lo provide thè following.. Description of the request - Why il's needed - Why funding from PCCF ig required How il will benefit patients Departmental support Total coyls Any relevant evidence If possible. all grant applicatrons should be conside￿￿ by the fvll Committee of Trustees, If a shorter limes¢ale lor a decision is needed e.g.. the dale for a study day is befo￿ the next scheduled Committee meeting, a decision can be made by three or more officers. A letter Indi￿tr.ng de¢ision to be sent to the applicant th ¢opy sent to the head of relevant department. Any decisions taken betsveen Committee meetings will be recorded at the nexi meeting. Electronic record5 are kept for minimum of seven years. All hard copy records and relevant infomialion are kept for seven years In a secure place. Any personal information held is not shared with any third party thout gaining pemiission from the individual. Hardship Grants The PCCF will consider requests from local people ￿￿th cancer or those that care for them, under the care of Derriford Hospital, Ptymouth or other health organisations wthin its catchment area. Thi5 Includes reque51s for". Subsistence - Travel for patien15, and carers {￿ere appropiialel Page 6 The Plymouth and Cornwall Cancer Fund Trustees. Report (continued) Relief for hardship arising from ¢an¢er and its treatsnent How to apply.. The Committee wll only receive requests from a recognised health care professional on behalf of patients or their carerfs. These health professionals indude the Mustard Tree Benefits Advisor or delegated person ITelephone 01752 763672 for appointmenll, Cancer Nurse Specialists, Chemotherapy or Radiotherapy Staff. Applicalitsns for financial assistance should indude". Why the support is needed What the funding is for Confirmation that a financial assessment has been undertaken, that the patient has received all relevant entitlements and that the costs and expenses are reasonable. On receipt of a grant applicabon, approval wll be sought from tsvo Officers or Trustees, up to a maximum total payment of £500 per Applicant. Sometimes, applicats'ons for financial support come in instalmenls and grants can be approved up to £250 inrtially, and lo up lo a maximum total payment of £500 per Applicant. Requests that exceed a total of £500 will be consi¢Jered by at least three Officers before payment. A letter of confirmation of PCCF decision is senl to the applicanl Information Leaflell wrth payment and an email lo the Health Profes$ionallMacmillan Financial Advisor who made the application on the patient. slpatient's family behall Iu5ing palienl's intts'als onlyl. When providing inlomiation to Trustees, the identity of an applicant is kept confidential, and only initi315 and place of residencè lo be usèd. Copies of applications. decision letters and a copy of the cheque are kept for 7 years in a Secure place, either as hard copies or eledronically. Electronic records are kept and, on a password. protected computer. using applicant's initials or reference number only lo protect personal infomation. Any personal information held 1$ not shared any thir(I paty wthout gaining pemi8$ion from the individual. The annual report was approved by the trustees of the Charity on 8 April 2026 and signed on ils behalf by Mrs S Aspley Chair Mrs J Bewes Trustee and Treasurer Page 7 The Plymouth and Cornwall Cancer Fund Independent Examiners Report to the trustees of The Plymouth and Cornwall Cancer Fund I report to the trustees on my examination of the accounts of The Ptymouth and Cornwall Cancer Fund for the year ended 31 October 2025. Rosponsibilitias and basis of report As the charity trustees of The Ptymouth and Comwall Cancer Fund you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Acl'l. I report in respect of my examination of the The Ptymouth and Comwall Cancer Fund's accounts carried out Ljnder section 145 of the 2011 Act and in carrying oui my examination I have followed all the applicable Directions given by the Charbty Commission under section 14515llbl of the Act. Indo￿ndOnt examiner's statem8nt I have completed my examination. I confimi that no material matters have come to my attention in connethon with the examinolion giwng me cause lo believe that in any material respect.. 1. accounting records y￿re not kept in respect of The Ptymouth and Comwall Cancer Fund as required by section 130 of the Act., or 2. the accounts do not accord with those records., OT 3. the accounts do not comply with the attounth.ng requirements ¢onceming the fom and content of ac¢ounls sel out in the Chanties IA¢¢ounls and Reports) Regulatsons 2008 other than any requirement that the accounts give a 'true and fair Yknich is not a matter considered as part of an independent examination. 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 aceounty lo be reathed. Matthew Keone FCCA Wesl¢otts ISWI LLP Plym House 3 Longbridge Road Marsh Mills Plyrnoulh Devon PL6 8LT 8 April 2026 Page 8 The Plymouth and Cornwall Cancer Fund Statement of Financial Activities for the Year Ended 31 October 2025 Unrestricted funds Restricted fvnds Total 2025 Total 2024 Nots In¢omg and EndO￿lnents from: Donations and legacies Other trading activities Investment income 11,430 126.823 9.305 11,430 126,823 9.305 16,358 116,000 9.519 Total income 147.558 147,558 141,877 Exp•ndlture on: Raising funds Charitable activities (76.8341 24.288 {76,8341 33,588 174,3921 29,325 9,300 Total expenditure Gainsllosses on investment agsels 1101,1221 (9,300) (110,422) 1103,7171 10.694 379 11.073 11,564 Nel incomellexpendilurel Gross transfers between funds 57.130 (8,921) 48.209 49,724 Nel movement in funds 58,090 {9,881) 48,209 49,724 Roconclllation of fund8 Total funds brought lo￿ard Total funds carried forward 17 214.268 27.404 241.670 191.946 272.356 17.523 289,879 241,670 All of the Charity's a¢tivities derive from conlinuing Operat￿n$ during the above peri¢xl$. The funds breakdobvn lor 2024 is shown in note 17. The notes on pages 1110 25 form an integral part of these financial stslements. Page 9 The Plymouth and Cornwall Cancer Fund {Registration number: 262587 Balance Sheet as at 31 October 2025 202S 2024 Flx•d a$$ots Tangible assets Investments 12 13 991 165,827 1.430 155,940 166,818 157,370 Current assots Debtors Cash al bank and in hand 14 1.515 123.902 2.399 83.861 125,417 86,260 Cr8ditor5.' Amounts falling due V•ithin on• year Net Current assgts 15 2,356 1,960 123,061 84,300 Net assots 289.879 241.670 Fund$ of th• charlty: Restrlctèd Incomè funds Restricted funds 17,523 27,404 Unrostrfctsd Incom• funds Unre$trided funds 272,356 214,266 Total funds 17 289,879 241,870 The financial statements on pages 9 10 25 were approved by the tnJstees. and aulhorised for issue on 8 April 2026 and signed on their behalf by.. Mrs S Aspley Chair Mrs J Bewes Trustee and Treasurer The notes on pages 1110 25 form an integral part of these financial stslements. Page 10 The Plymouth and Cornwall Cancer Fund Notes to the Financial Statements for the Year Ended 31 October 2025 1 Accounting policies Ststsmont of ¢omplian¢o The financial slalemenls have been p￿pared in ac￿r￿anCe vth the second edib.on of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charities Act 2011. Ba$ls of preparatbon The Plyrnouth and Comwall Cancer Fund meets the definition of a public benefit entity under FRS 102. The accounts (financial slatemenlsl have been prepared under the historical c05t convention th items recognised al ¢o$l or transaction value unless othe￿ise stated in the relevant notelsl to these accounts. Golng conc•rn The trustees consider that there are no material uncertainties about the chanty's abilty to continue as a going concern. Incomg and 8ndo*in•nts Voluntsry income including donations. gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has enliuemenl to the income. rt is probable that the income wll be received and the amounl be measured wlh $Lrffi¢ient reliabilty. Donatlons andlega¢les Donations and legacies are recognised on a receivable basis when receipt is probable and the arnounl can be reliably measured. Investment Income Dividends are recognised once the (Jividend has been dedared and nob"ficalion has been received of the dividend due. Expendituro All expenditure is recognised once Ihere is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that category. whe￿ costs Cannot be directly attnbuted lo particular headings they have been allocated on a basis consislenl wlh the use of resources, wth central staff costs allocated on the basis of ts'me spent, and depreciats'on charges allocated on the po￿On of the asset's use. Other SUPPOrt cost5 are allocated based on the spread of slaft cost5. Ralslng funds These are costs incurred in attracting voluntary income. the management of investments and those inCUr￿d in trading adivilies that raise fvnds. Page 11 The Plymouth and Cornwall Cancer Fund Notes to the Financial Statements for the Year Ended 31 October 2025 lcontinued) Charitable activities Charitable expenditure Comprises th¢)se ¢05ts incurred by the charity in the delivery of ils activits"e5 and services for ils benefi¢iaries. It includes both ¢osts that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grant provisions Provisions for grants are made vthen the intention to make a grant has been communicated lo the recipient but there is uncertainty about eilheT the ts.ming of the grant or the amount of grant payable. Support costs Support costs include central functions and have been allocated to acbwty cost categories on a basis consislenl wlh the use of resources. for example. alloc*ing propety costs by Iloor areas, or per capita, staff costs by the time Spent and other ¢osts by their usage. Taxatlon The charity is considered lo pass the tests set out in Parlgraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definibon of a ¢haritsble ￿MpanY for UK corpc>ralion tsx purposes. Accordingly, the charity is polents'ally exempl from tsxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Ad 2010 gr Section 256 of the Taxation of Char9eable Gains Act 1992, to the extent that such income or 9ain5 are applied exclusively lo ehantable purposes. Tanglble flxed ¥88•ts Individual fixed assets are inilialty recorded al cost, less any subsequent accumulated depreciation and subsequent accumulated impaiment losses. Deprociation and amortisation Depreciation is provided on tangible fixed assets so as to fft off the cost or valuation, less any estimated residual value, over their expected usefijl economic life a5 follows.. Asset ¢la8J Office Equipment Depre¢lation method and rate 25% Straight line Fixed asset investments Fixed asset investments. other than programme relaled investments, are included at market value al the balance sheet dale. Realised gain5 and losses on inve5tmen15 are calculated as the difference between sales proceeds and their market value al the start of the year, or their subsequent ctsst. and a￿ charged or c￿lled to the Ststement of Finanoal Acts¥￿"e$ in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Acb"vikn"es based on the market value at the year end. Cash and cash oquival8nts Cash and cash equivalents comprise cash on hand and call deposits. and other short-temi highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 12 The Plymouth and Cornwall Cancer Fund Notes to the Financial Statements for the Year Ended 31 October 2025 lcontinued) Fund structurg Unrestricted Income lunds a￿ general funds that are available for use al the Iruslees discretion in furtherance of the objectives of the charity. Designate