Charfty R•giJtratlon No. 500412 PAQT. PAREMTS AS8O¢IATIOM QF CHILDREN IMTH TUIIOURS AMD LEUKAE AMMUAL REP¢)RT AND FIIIANCIAL STATEMENTS FOR THE YEAR EMEED 31 IIARCH 2021 P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA LEGAL AND ADMINISTrATIVE INFORMATION E Evan¥ DrVLee J Mitthel Mtwe C Maguwe LHHurt S Mitthdl Simpsr winted 1 Odobor 20201 (Appornted 1 Octob 20201 Charity number 508412 Princ1￿1 addro Childrem'5 OT￿OgY CI￿le Sheffield Chitdren's Hosyial em Bank Shèffidd S102TH Audltov Hart Sha4¥ LLP Europa LNik Sheffiekl Businw Park S9 IXU P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA CONTENTS Pa IndeFathnt audÉWs rwt ststwnwrt offinanual ac*Mties ance sheet 10-19 P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA TRUSTEES. REPORT FOR THE YEAR ENDED 31 AIARCH 2021 The trustees prwnttheir r•wt and firAnoal stat&nerrts tsthe year ended 31 PAarth 2021. The finanual staiements have been wepared in aC￿rdanc￿ 7Mth the ￿X(￿nting polve5 Set ovt In note 1 to the finwiyal statements and CoM￿Y with Ihe thwity's g0w￿1ng dotsjment, the chanb.es Ac* 2011 and "ALxounb"ng artd Re￿￿'ng by ch￿ibeS.. Statement of Rerjynmended P￿cts'Ce appticat4e lo charib'es preparing their acujunts in attordanc* wlh thE Financ4al Rewbn9 Slandar(l in the UK ar RepUbl￿C of Ireland IFRS 1021 leffedive 1 January 20191". The chanty's objectives are to prmjè relief, ¥￿lIare and care crf thiklren Suffering from iumours and k%uKaem￿ who are ￿"ng treated at- tr *•kn ha4* been Ire*d at- Sheffield Chiklren's. NHS Founda*"on Trus The aims of Ihe a8sotsab"w I￿11￿je.. The prowsion of relief for indN￿uals are under the ol Sltheld Children$ NHS Fc￿dati0n TN91 paedialric oncology and haema10￿gY unit (the Ui¥tl and are suffering from erther a malignant disease or non-malignant but lrfe.thre3tening haematd¢¥cal diwrder and Ihe preseNation and woteth.on of the good hèalih of indiwduajs fomiety under the care of thè unrts. The proiedion preservab.th of gotyj he4th amongst lanNlie8 of indiwduals or hav• been under thè c*e ol the unit and the proviwon of and other suppNt in their r￿e of caring for suth indNiduals. The wo*i¥ion of wppryt lor the mt by way of the ac4Ju1th"￿ and rItantenan￿ of equipment and sevvices for se ￿1th1n Ihè unit or in comecaion thewryk of the unit The proviwon ol suppc*l lor the unrt to encourage WKI researth wNe5bgatr'on work and the iS5ernination of results of suth resewth and experimerrtaj wowk. The prO￿810n of supwl for educaty.￿ and traiiing of members of the uNt educzlion and training 11 twefft the individuals in the rare oflhe thit, of indi¥iduals have been in the of the uniL Th• trustees have paid due regaTtI to guKlance Ihe charity CryYMiss￿n in deothng vA)at ac*wties the charity Bhould wdertak•. Acthlw•m•nts and p•rftxman The &7arity's main source of iTKome 1$ fvw donation8 frcffi rnembevs ofthe put4ic and from family & friends of thildren diagnosed wth ￿rtyj￿￿S or leukaemia. This may tthe the fom ol cash donab"￿Ta or organised raisin9 events such a8 barwes, fetes, galas ￿ sponsoffjd events. Some fundiThJ is received from businesses and Wr￿rate b)dRs. Inc#Jme is al¥0 from the w¢)fftable Sale of Christmas card5 and promotional go(>Js. In furtherance of the objectives ol Ihe ￿rity. OLK a(*v6ti¢S are split irrto three prlr¥* arva8 and we rewew prow8 Ill 8ath oflhese areas befow. P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA TRUSTEES. REPORT (coKfiNUED) FOR THE YEAR ENDED 31 IAARCH 2021 Home Irom Hom• PACT wholly a p[￿rtY on kn Bank in Sheffiold, PACT House. whth it runs as a purpo8e-bui home frc*n home. Here parents thiklren can rda¥ the h0$prt￿ environment, just 100 yards from the hospital. Its kn¢at'on savés Ihe ne£essty ￿ 1¥n￿leS h3ving to long distances to and from theiT own homes ¥￿en thiidren need kJn*term treatrnent, and rt wovides comfort and a pLace for families to rneeL thus ueaknng an atrnosfv of hetrj and SLworL During 2020-2021 financial yeai the charity reNiewed Ihe fabric and hJmishirvJs of PACT House and where necessary arranged for rtems to te rwwred or * a$ ept￿pr￿te. induded redecnration, relumishing and required Ixil(*n9 rnainterwts. PACT has w ob1l9ab.c￿ to Oll5ure that PACT H¢Me wowdes a safe and secure en¥ir0n￿nt fcr staff, volunteers and users. The Truatees eondud regular re¥1￿5 to uphold Ihi& Research PACT continues to Lbse rts research funds as ￿lselY as p)55￿e, seeking adbry￿ from professionals in the rnedical and research fields linduding bui not onty frcm medi& Trustees) when o)nsdered appropriate. General This lund is used for an crthw expendrtwè Tntstee5 for the furfherance of ihe objedives of the tharity. Ovr main expenilture 1$ db8cied t(Mards the on(xJlogy ward at the Sheffield Children's NHS Foundation Trust and the ¢wt-patients dinic ¥ea. We prO¥￿e games, t￿￿8, toys and rx>mwtèi equiwnent for patients and Sibl￿9￿ to Use togelher t*thlh fts)d vtyjclws for the fanmlies. offer IRip and 5UPWt meetings and prowd• bookLets. Asststance is also g'ven to the corTwnunrty nursing staff who we4k pabents. In addffjon, we've r4nJ"nu8d lo lund swalist-led. rxe*"ve art se5sLw in the out-pab"8nts ditNq whith have woved eXt￿melY popular thildren. PACT owns and maintsins hc4iday Cwavana Bt F* 8nLI Ber¥Mdl￿￿fvTweed and hrAiday grants to parerrts in need when the carzvans we unavailalAe. cover the CA)St of 80cial events ir*ludiry annu4 and a Chrislmas party. The chanty offtrts support to f8rrlllie$ use the driic aThJ is confident that rt will be atd• to mwntain thi$ for the foreseeable lulufe The d￿rity regujarfy reviews the way oNers support to patiems and I￿"r framilies and is 8￿¥Y5 open to con6idermg new W•T5 to achieve IIM% Flnancial r￿l•W The charity, the of g￿n￿ finanual m?nag*wt the r¥yrtinu•J suppcrt of staff, vobJnteer8 and thg pubJic- has continu8d to athiove ts forlhis vic￿1. Ho%%Ever. our adbwties and f1Than￿ have of COLne been affedeLI by the COVtD-19 pandemic and the add￿"onal ￿m￿￿ties to continuing ¢yJr C()￿ Marth 2020. This has required PACT to adjust Its approath in suppwbng families In line the latest Government diredions and guidelintrs. Our staff have had f6wer OppOrtun￿e5 to inierac* wth famiknes on the hoswral w*d. addthn¥l reSth"th0￿ have affècted the way we can operate PACT House and Ihe number of ￿NdayS to our Carava￿ has teen severety restricted. However, we remain proud lo be supwtro families vtho need our help and ddr¥erin9 ￿P￿￿t lor them in the most appropriate ways in whith we can. For eXarn￿?, lood deliveries to par￿ on the hosfxtal ward "nue. telephone Conversati￿$ WFvothg affe(aed farrulie5 oxb.nue we are rein5tatrng some parent 9roup5 and nRthgs. P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Our avaAable ￿5h balance has reduced over the accwnting period aThJ ￿ cijntinuè to take a cautious approach to financAa rnanagernent. whlst remaining g>)rnmdted to wow.ding ￿r seNces and at*iewng our ot4etheg. As we expect to s￿n emerge fr(￿ the Governm￿tt r8stn"cticffjs. we have been opeialng under for the last 18 months. we're pknning for the restsrt ol fundraiyng thties ar￿ resuming S￿e of our tradib.onal land newl adivit'es. PACT remains comnmtted and 1$ apwwatety financed to defi¥eT our oryanisats.onal L*jectiv Prfn¢lpal Fundlng Sourc The prinopal funding SOUTces contsnuE to be the sale of Chrisbnas and pycrfnotional gcods. érrtKin¥ from the public and sp￿Tal fundraising events Or￿L$ed thI￿the yew. In¥•stmont Pallcy There are no restrith.ons w the inve51ment p(￿er5 ofthe Trustees, ahhou￿ at wesent the C￿nfftttee feel8 it i8 ¥ppropriale to maintaon tts reswves as tssh dekhxtts banker& The trustees have a55essed the major risks lo the dwrty is exp0￿d, are that syst•ms are in place to mitgate exp)surÈ to the fflaior risks. Public 8•nèfft In I￿anning LXW aL*'vtb6s fc*th• year. we keep in mind the Clwity Corrynwl￿,S guidance on putrAie benefiL Structuro. govornanc• and m#nag•ment The tharty wa5 e￿tsb￿Shed by a tharitswe trust deed is rvgi5tered the Ch*iti"es Ctynnwssion. The tru8tees tho 8eTved during the yew and up lo ts date Of Signatu￿ olthe financial statements were: S McGovem (Resigned 24 January 2021) R C Thomp5L¥) M Rhodes E Evans DrVLeè J Mitchell M ttyke C Maguire J AlleTrPIoTgan LHHunt S Mitthell M Srmpson J Wheadon (Re¥￿ 1 &Xober 2020) l*winted 1 2020) {41w1n￿ 10(*Lthr 20201 New noTrrredlcal Trttstets apw'nted by the G￿ra1 Crynrtth, *thich meets rwJlarly. The Commlttee meets annually in Juty Wh￿ these no￿Tr￿j[ca Truste05 are y(vos￿1 and seleded as Trustees, Ul aets)rdan￿ vAth the tharty's fx)nsbtution. PA.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 AIARCH 2021 Slatemont of tTpJ>le￿. reSp￿91b111tl The trustees are res&￿￿ble for preparing the Trustees, Repert and the finwK#aF slatements in xtorfance apF4icable law and United lfjThJdom Acc￿n￿￿j S￿￿18rd9 {Unrte(I bQngdom General￿ Ar￿pted Acc(wntiThJ Prath'cel. The law applicable to thaiities in Er4Jland and W*s req￿￿ the bustees io Fware fmarrial statements for each finanaal year Vthith give a true and fair ¥ieAf of the Slsle ol affairs of the tharity and of the Jncoming resources and aFpli¢xtion ￿ re50wces ofthe for that yeai. In wepariNJ these financial statements. the Intstees are re(yJrred to: . selecl suitatAe acI￿nting polw and then appty ihem (xwstwty.. . ob8erw Ihe mtsthojs 8rKI wi)LIF4•s in Ihe chwm.es SORP.. - make judgemants and ests"mates that are wsonable and prudert - skte whether appb'cable alr￿l￿tIng SI￿dard5 ha￿ been frAkJ*èd, $￿'e(￿ kn wry materi* d8p3rknres disi408ed and explained in thefinantia statements." and . ptspAre the financaal slatements the wng concem l)aws urfeJ5 it is ￿aF￿￿llate to presume thot the charpty ethbnue in qjeratron. The trustees are le¥￿Sible for keq¥ng sufficaent accryJnb"ng fEO)rd5 that disdose *ith reasoThab￿ acluracy 818ny time the ffinanLI81 p)SIt￿ of the charity and enatle thwn lo ensure that th• finan￿￿ siatemenls cornply th the Charitses Acl 2011. Ihe Charity IAccrAJnts and Reports) Reg(￿atrOn$ 2008 and the PrO￿S1O￿5 01 tt)e trust deed. They ore th res￿9￿ for 5atsguarding th• assets of tre tharity and hents for tth'ng r8a8onaNe steps forthe preVentil￿ and dete¢*on CA fraud and other irresularibes. The trustees, report by tt* 8oard of Twusteès. 111 ttyke Trustee Dated.. 8 Juty 2021 P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF P.A.C.T. Oplnlon hove au(NtwJ the finaThial statfjmthts ￿ PAC.T. 'tharity'l for y•ar 31 DIArth %)21 indudty stgnlficart aC￿L¥￿Ing poliw. Tr fffioniid rtwbrvJ frart•AKk that has beth 4)phed in ththr pryration Is apF4Kable law aThJ Urdt8d Pu4wting Standwd8. Thduding FRS 11)2 The Financ Repoty Slandanl In UK and ol Irel8￿ Iunited ￿ngd￿ Genorally A￿pted Account1￿ PraGtre). In our opirdon. financial statements: glv• a true and fair of the stats ol th• tharivs affairs as at 31 Marth 2021 and ol its inwThng resources And awlication of resowees, for the y•arthen ended., have been Fxopetfy prepared in accorda￿ wilh Lknited Genrt A￿￿ed Accounting Practse: and have teen mared in accordw V•ith the raquueffthts ofthe Charitieskt 2011. Ba81$ for oplnlort c4ndu¢ted ¥uthl in •CfA)Tdw Intem*ional Standwts on Audthng {UK) IISAS IUKII and apF4lcable I￿ Our reSpOn*NI￿ undw IIM)se stwthds ar• furthèr desoibed rwisilMlilie8 for the audlt ofthB finanaal staternnts se¢lion ofour W V4È irKlepenrtent of IM In 8¢¢Ndance vith the ethical reqL¥renxrts that we relevant lo our thxlii of Ihe finanL¥4 statements kn the UK, WK4LKlbn9 the FRC'S Ethical Standard and ￿ have fulfilled our otrw eth￿1 reswjnsibilibes in ￿dar￿* Nwth these requirementB. We I)eN￿￿ triotts e¥1dOn￿ hmoblw*d1s thnt appropriat& to pmwde a basis ts our opinson. ConGlus1orn rel•llng to going concem In aud￿n9 the finanual statements. ￿ have ￿nCluded that the trusw. use of the 90ing concem baBk8 of acGwn¢ing in the Prepara1k￿ ollhe finanLyal staI￿nts is aForopriats. cOr￿￿on5 that. irnllwdually ty (allectNdy. rrAy ¢* wnific*rt dwtl ijn the dwNls ability lo ￿ntinue 08 n9 Ix*K•m for a period of fmm *then the finwAal statemw)ts are auth￿l8•d for issue. Our respon5ibllitie$ and the respm"t¥lib¢s of thg trustsès res￿ to w4ng ￿nCeM are descrfbed In the relevant sections of thi$ rep otror Inforyn*tlon The other infomation Mmpriw the B)fcffmats"on r¢port 011￿r than Ihe finawial ststeM￿lS Kl our a￿j￿S rwt thernw. The trust8e8 are rwKmsibl• ftjr the other in&yrnylaw conlained ￿qlh1n IhÈ nu￿ r¢ptht Our opinion on the 518l•ments does r#)t ¢>)4Er the oth¥r infwmabon ¥nd we do nol eXY￿ any fNm of assuran￿ Gwduslon reyponsitAIIty is lo the Dther hfcrfmafjon and, In doing so. ¢on$idar vknether the Lq materidly incons*tenl the finanaal staternents or our knowtsdge ottslned the ￿r8e of th aKliL ry 0thth4i5e appe8rn to t¢ matori* misst*&l. If we idenofy su¢h materwl nicM8k8teTh*s or appwent matsd rriwt￿ents. * aT# required to ￿￿em1￿ whether thi• gh￿$ to a maten'al mi55t*ment in the financial statemerds th￿9th$. If, based on the tA*rk havo Perfom￿d, ¢￿￿de that tlwe * a m*id n¥$Sta￿rrt ol ttys other tsrfomatknn. ￿ are requSred to rep￿ that fact. We have nothing to report ui this regard. P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE TRUSTEES OF PA.C.T. Matters on whlch Ar• fpqulr•d to r•port ty ox¢•ptlon Vve have nothffj tts report in ￿pect ol the folb)wThJ mthrs in rebb.cffi tr) Charibos IAc¢ounts and Reports) ReguWJns 2008 require us to rewt try you rf. in our opK*yi.' tt)e infomation gN&n ￿ the fman¢ial siattrments ts llKonsistsnt kn any material respèct wih tre trUSteeB' rem.. gr suffic4ent a£￿U￿ting re(¥rds ho￿ Mt bw) kept or Ihe ffinancAal ststemenls are not in agreemerttwilh Ihe at¢ounting ￿ll)rdS. ot have not recefved al the infrnbon and ts¥4anati￿￿ requ*e for our authL R8wslbiliti08 of truth* As ey4Jl8h%d more fulfy th? StsteM￿ of tr￿￿8$ the rO4)On8￿)IQ for eparation of the finand81 *alaMnts aNI ts belTrJ satisfied that they g￿e a true fair and for gu Intemal control as Ihe trustees detemkn ra necesswy to enable the prepa18b￿ of finanoal 8taleffwts thal are fr8e from maleri8I misstslemert ¥thether lo fraud or er￿¥. In prepariThJ the fin8nraal stateft￿ts, the INstees are respmsible for a8sessing the charfty$ to conlinw ag a ts)rK￿, thsdosing, aB aPp￿8b￿, mattets rnlated to going conc•m and u8irwJ the going cow tos15 of a¢*O￿tIng unbe88 the trustees ether Audltots rnspoMiblUtlo• for th• audlt ofth• fimnclal st•tem•nts We have been appointed as auditor under sedion 144 01 the Charthes A£t 2011 and report in ac£4ydance wilh the knt f•l8vant r•gtAations n4de or havvw effecithereunder. r objectives are to obtsin reasonabk assurnnce abryJ¢ thè gt**ment$ 89 # are free from material mi3518temenL ￿effier due to or error. to issue an audltof8 report that inclijdes our ¢)plrion. Reasonat4¢ as8uwce h a hKJh level of assuwtt fArt is a guarantse thai an audit o)nducted In I¢￿Adance IUKI detect a nu$*￿ent kn It exth. Mj8BtiterM)ts c•n arise from hud or ermr and are o)n%dwed M*erS￿ rf. iThJi¥ith￿ tx In Ihe aggrew. tw COU￿ rea8￿9b1V bB expected to Influen￿ the ¢uM)ornK deci$ions of users ¢)n ofthese finanoal statsments. Irreyulwth8, H￿udIng lrnud, ar• irwtww of ￿n4%￿lance *ilh and regulati¢￿s. dev ￿ttedUres in line vllh ow re5wn%lJlths. ￿Jtkned above. tr) dded mthrfal mi8Statsmnts in resped of irre9u￿rfties, det*led bebTh. al￿11 pl8n identif*d certAin w)fftant ritk8 wi*1 laryeted to wsure capth of detectlng •ny Irre9￿arlIie6. inGluthng fraud. ty those to the inhwent Iwr*otion5 01 an aud¢ tr*re is iisk that we may not ha¥e d8l¢ded scAne matai4 misslalamnts In tt* fv￿nda1 ststemenls, 8¥fjn thou9h we have propety 8udibng stsndards. rnateril misstatement wthin IhE ffnancial ststsm￿ may il18Uin a number ofway#. for •wryle'. . Ovwride of jntemal conlmh l&g. segre93kn of thrties) Enterirvj into transacliortj ¢￿￿sKIe ItL• nomi* of Ihe charity. espeualty with related parbes Fr9￿JU18nt inconx recognilK¥). indudhw IrKome b•ng r¢c￿ded in the wmng period and fijnd. Presenting bias in a¢¢ounting ￿￿eMents and e5Umth. PA.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA INDEPENDENT AUDrroR'S REPORT (cO￿rINuED TO THE TRUSTEES OF P.A.C.T. In order lo redui? the iisk ol maierial m*#alunent to an acce￿ kvel. Nmerws audrt woc•dures M*re perfomed I￿lUdIng". Enqu￿e5 ofmanagement as lo ￿thether they had *ry knovlédge ofany L¥ wspec￿d frwd Review for any m*i81 jOLYnal entries male thr￿gh￿rt the year as ￿￿11 as th08e made to Prepwe Ihe finan¢ial stalements . Reviewing the ￿d¢rtYkng raknale behmd traj￿￿ i) fxder to assess vhther they Thrtsfide the normal course of ¢haritable acti¥itie$. In¢￿aSed substsntive testing across 811 material I￿)￿ strearns Assessing managemenfs ju(tyments arttl estsmates iThI￿ated wlential txas. In¢onw reCOgn6J￿ is inh•r* rbsk and as a t08uI substkn? t•sting *dS perfonned across all income strèams. A further de5CriPtin of our responstsltties is avalable on the ￿￿￿￿la1 Reporting CwncAI's Web￿ts at http8'.11 ww*.froorg.ukla¢JJitorsresponwblibes. Thts de8tsipb￿ ftyms Ofwa￿lit0fs re[￿L Oth•r matter¥ Y+wr attention i8 to the fact that the tharty ha8 Nep¥¢d finwLyal statwnenb in vAth 'Attounting and Repjrling by Charibes.. Slatement of Rec4MlD￿)ded Practse applKaNe to chartbes preparing thek 8c¢ounts fft 81￿0[￿ance vAth the Finarnial Sland¥d applKatJte in the UK arKI RepUb￿C of Iroland IFRS 1021" (as armnded) In Prefer￿ to the Ac¢owrtlrvJ and Reporting by Chariti*$.' Statement of wiihdravm. Thls ha3 don* in order for the finarthl statements to swovide a true and tsif view li aCcOrd￿ce wth current GenerallyAecepted A¢¢ounting Practice. UB• Ot our r•port Thi8 rgwt is made golety to the chardy's trustees. as a t￿y, ￿ aG￿rdar¢e part 4 of the ChBnties IA¢courts and Fleportsl Regukllons 2008. Our audit has been undertaken so might stale to tho charity's trustees those mattets we a￿ required to stale to them n an auditor5, report and for no other purpose. To Ihe fullesl extent pemrtted by law, ￿ (kn not acKEO Lw assume resp￿*bility to ￿￿one other than the chanty and the charitys trustees 88 a boty, for our audlt*Drk, ￿ this rEEA)I, or fty the QPinbtiM have formed. Natslle 3rac¥y18onior statutw Auth) for and on behalf of H•rt Shaw LLP 2N￿gUSt 2Q21 ststutory Audltor Europa Link Sheffiebj Busi1￿5 P¥k Sheffield S9 1XU Hart Sh&¥ LLP 18 elglble ts apsyjintment as 84Klitor of the ctrwity by vitye of its alig￿lIlty for 4wntrnEnt as aL￿rt0[ of a Comp￿ry under of 9e¢lion 1212 afthe C￿arlesA¢t 2006. P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE Accouiir FOR THE YEAR ENDED 31 AIARCH 2021 Total funds 2021 funds 2020 funds 2020 2021 2021 2￿20 Donations and legaaes Othertrading ￿￿￿1￿.eS In￿$trn8nts 109.031 1,632 1.216 1.1 110.131 1.632 1.243 151.921 4.653 2,091 151.921 4,853 2,212 27 121 Totsl income 111.879 1.127 113.006 158,865 121 158.786 RAI￿￿j fuThJ8 2.123 2,123 13,578 13,578 ch*its￿• thtieg 134.127 4.718 138,845 135.056 32,S77 167,633 Totsl resou￿8¥ exp8nd8d 136,250 4.718 140.968 148.634 32,577 181.211 Not oirtgolng re50urGe8 befov• transfor¥ (24.371) {3.$91) 127.%2) 10.031 132.45fj1 122,4251 Gross transfer8 between funds 18.826 (18.826) 132.5771 32,577 Net expendlturn for the ye¥rl Net movement In fundB (5.545) (22.417) 127,962) (22.546) 121 122.4251 Fund balaniw at I Awl 2020 449. 153.310 6(r2,373 471.609 153.189 624.796 Fund balance& at 31 Alarch Z021 443,518 130.893 S74.411 449,063 153,310 602,373 The statement off*Mr￿al ￿ude$ ￿ gains *bJ k6ses ¥wised in Ihe year. P.A.C.T. PARENTS ASSOCIATION OF CHILDREN MTH TUMOURS AND LEUKAEMIA BALANCE SHEET AS A T31 MARCH 2021 2021 2020 Fix•d 4•6ets Tangib￿ asset8 Cuffènt Stocks Debtors Cash at bank and in hand 150,804 167.681 11 1.800 38.717 394,758 2.400 431.716 435.27S 440,203 Cr•dltorn: amount• faHing du• *ithln one year 13 111.668) 15,5111 Net wrrent assets 423.f4)7 434,892 Totsl as••ts1g•• curr•nt Ilabllltlos 574.411 602.373 Incomg fund* Restricted fvnds 14 130.893 153,310 Designated funds General unrestricted 15 3.338 445.725 440.162 443.518 449,rA3 574.411 802.373 The financial apyobpd by the Tru5tee5 on 8 2021 M Dyke P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2021 Accountlng pollclo• Charlty Intryrnation P.A.C.T. 13 o chwity registered in EngLqnd aThJ Wthles. The regi5tergJ offts 1$ CtWklren￿ CkncLl¢)gy Ch'nic. Sheffield Chi4dren'6 Hoswtal, ￿tstern Bank, Sheffiebj, S10 2TPI. 1.1 Accounllng conv•nlion The finantsal statemems have been wèp¥ed in arxordance with the t*antys constiiution. the Charities Ad 2011 and 'Ac£ountiTrg Repo￿"￿t9 by Charrbe5" Statement of Recommended Pradice applicabje to charities preparing their acr￿unts in accordance wth the FinanL?al Repryting Standard applicable in the UK and Rèwblic of Ir8land IFRS 1021" las amerthd for accounb.ng peliods &Jmmenary 1 January 20161. The charity is a Public 8enefrt Enbty as defined by FRS 102. Th8 thwity ha$ tkn a¢fvant¥ of the y0kns1r￿ ￿ the SthRP for thanbe¥ ak¥tying FRS 102 Update Bulleb"n I not to twepwe a Stst￿rrt of Cash FkJ* Thè finanual StateM￿ts have departed trom the chariti.es (Accounis and ReFryts) Regulati¢)ns 2008 on to thè eytenl required to wowde a true and fair viw. This deParttl￿ has invtknd fdlNtng the Statement of Recommended Prartrce ¢tharrties appfying FRS 102 rather than the veNorr of the Statement of Recommènded Pra¢*"c¥ is referred tr) in the RewLqlions ha6 sIr￿e been V*Tthdr•n. The finanua statements art prepa￿d ￿ 5terfrffj. *thi¢h Is the fundmal ￿rrelY of the tharity. Monetary m¢yJnts in tr)e8e finanu* siatern￿ts arè round&J to the nearest L The finanoal statements have been wepared un(ler the h15torical cost canvention. The prinLipa ac£out)tng pdiaes adopted are set OLrt belw. 1.1 Golng concem At th? time of apprwng the ffinanraal staterrwls. the trust¢es have a TEason*e eXp￿tiOn that Ihe c*anty has adequate resources to CJ)ntinue in ¢j￿￿[￿onal e￿$tO[l£e for the foreseeable *Jture. Thus the trustees cA)ntiny¢ to adopt the gcrfn9 concem basis of acc(Xffttinq in p￿pan￿ Ihe finanrial statements. 1.3 Charttable funds Unrestride(I funds ￿ waila14e lor u¥e at the di5cxelw of the trustees in furfherarKé of th*r chantabl objedivos. Re6th'taed fvnd$ are wtiect to speufrc (tsKI￿"0ns ty as to htyw Ihey may be used. The purpos•5 and 4tses of the restricted fvnds are set out in the nDtÈs to the aCC￿L￿ts. 1A Income Income is recwised the th>ity is entitled to rf( after wy perf￿ance condition8 have been met. the amounts can be rne8w￿d rekn"ably. znd rt is WDb3ble that itKome vthl be received. Cash donatron$ wnised M rewpL Clher d￿811￿￿ aye r#cL*3nise(I the charity has been nolffied of the donakn. unless pert0Thnan￿ cOnd￿on8 requi￿ deferr￿ of the artwnt. Income tax re￿Ve￿aLle in rEJation to donats.ons re¢ei¥¢d un¢ler GrtA￿ or deeds of covenant is recogni8ed at the bm• ofthe donation. Leg8tse8 are re&yJnised ￿ rxeipt t¥ othenhise rf ￿ tharty has been notified of a) Impendin9 distribub"on. the amount is kncthn. and receipt is exF*ded. Ifthe affl￿nt is kn¢y•m. the legary is tr￿ed as a c4)ntin9ent a59et 10- P.A.C.T. PARENTS ASSOCIATION OF CHILDREN WITH TUMOURS AND LEUKAEMIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 A¢¢ounting polrcie {Contlnugdl 1,5 Expèndi￿1¢ Resources expBnd8d arè inckthd the aoyuaf$ b￿9. Sparyfic expendrture ofeath **¥Fty ffj solely thwJed to that *iity. Supwt D)sts have been aifocated to Ihe (*arrtatle thity thatthey Tel* nh)st d08dy to. 1.6 Tangible fixed assots Tangible ftted assets are in￿81￿ measured at cost ald subsequenlty MeasU￿d at ts)st or ￿uation, net of dep￿ciatIon and any irnpainnent los￿. Depreuation 1$ re(wnised so as to off (xxl ¢y Vauatil￿ of assots less their residual valu•s over their useful IN9¥ on the foFlwng bases." Land and t￿Ik11ng8 Caravans Fixturès, rrttings & eqU￿Mert •Aotorvehides 2% Ine IO% strwght li 20% straight line 25% str*"ght line Th¢ qain LY loss arising on the disp0531 (rf an asset 15 deteTmirEd as the drferen￿ between the sa oceeds and the Carr￿ng Y￿Ue olthe a8¥et. and is recoynise(l in nel incomel{expèndrtur21 forthe year. 1.7 Jmpalrniènt of fixed as#et• At eath repDrting end date, the thartty re￿ewS the cwryfftg ZrnOLnts Lrf its tangiblè 355ets to detenmine whether there is arry 1ndKat￿n that thos* ¥ssets suffered an impwrment k)ss. If any suth indaration exists, the recowabk arnourrt of the asset is e5tsmated in c¥der to detemine Ihe extent ol the impairment Iws (Jl any). 1.8 Stocks StOL*s ar• S￿ed at the l(rw8r of (y)5t wd e8b"M*￿ se1￿￿ wce less tsjsts to (X)m￿tte and 8811. 1.9 Cash and cash equivalent• Ca$h and cash ewivalents tnthde in Fwnd. dep)yls hdd at with banks, dher short-t8￿ Fquid investments with original maturibes of three rn￿thS or kss. and bank overdrafts. o¥erdraft8 are shown within iKJrroMngs in went habi1￿"e& Basic finanual assets. *)dude debt￿$ and cath aNI bsnk b818nce8. We ￿1b'￿ty measured at transaction price irtluding transactN)n costs and a￿ subsequenty carried at wnorb5ed cost U￿￿9 the ?ffedNe interest m8thod unles5 the afrangement constitutes a finanang transacbon. where the transaction is mÈawred at the present ¥￿Ve of the futufft rerapts disc(MJrrted at a mavket ratè of intere5L Finanaal assets daS5rf￿d as re￿1¥able wthin year are nLrt alr￿Sed. P.A.C.T. PARENTS ASSOCIATION OF CHILDREN ￿TH TUMOURS AND LEUKAEMIA NOTES TO THE FINANCIAL STATEMENTS IcoKnNUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounthig policfjè* IContinu•dl Bask financial liabilfues Basic ffinanaal liabilib"•5, IndudiThJ and loans are inibalty recO￿lSe￿ * hnsaction prfee unless the arrangement constrtutes a finanung transacl*)n, ￿re th• dèbt instwment is measured at the pres¢nt walue of the firture recapts discount8d at 4 mwket rate of In￿ Firtranoal lia￿l￿"t$ dassffjed as paYa￿e vthhin ot)e year a￿ nttt arrMKti8&1. Debt inslrurnents are 5ubspq• camed at amNtis•d t)Jat, uwry the effecti￿ intwe¥t rate method. 1.10 Ernployoe ben•ffts The C￿t ol any entIiknne￿ is rwrM8ed in the period in Ihe emtloyee'5 Se￿l¢e5 received. Tenninats'on beneffts rEo>3Thsed imn￿￿ as an eXp￿#t the tharity is deMo￿trablY ¥Jrnmitted to t8minale Ihe wnployrnent ofan e￿¢)Y¢e rAto prowde tenrinab"w benefits. Donatlom and legael8s lunds funds 2021 2021 2020 Donations and gits 77.031 32.000 78,131 32.000 151,921 109.031 1.100 110.131 151,921 Olher tradlng acti¥Ni0s Urve8trfcted Unrestricted fvndg lunds 2021 2020 Turybjver 1.632 4.653 12- P.A.C.T. PARENTS ASSOCIATION OF CHILDREN wrrH TUMOURS AND LEUKAEMIA NOTES TO THE FINANCIAL STATEMENTS (coKfiNUEDI FOR THE YEAR ENDED 31 MARCH 2021 TotaE fuNds fvnd• funds 2121 2021 2021 2020 2020 2020 1,218 27 1,243 2.091 121 2,212 Ralslnll fund• Unl￿trIcted UnreBtricled funds fuThJs 2021 2020 1.276 7.888 Othw trdding actiyibes 847 5,890 2,123 13,578 13- or Lf* r4 r ¢y 4XJ O ro