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||Page|
|---|---|
|Reference and administrative details of the charity, its Trustees and advisers|3 -4|
|Chairman’s Statement|5—6|
|Trustees’ Report|7
18|
|Independent Auditor’s Report|19—23|
|Consolidated Statement of Financial Activities|24|
|Consolidated Balance Sheet|25|
|Charity Balance Sheet|26|
|Consolidated Cash Flow Statement|27|
|Notes to the Financial Statements|28—47|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|Funds|funds|funds|
||||2021|2021|2021|2020|
|||Note|£|£|£|£|
|INCOME FROM:|||||||
|Donations and legacies||2|1,627,796|164,977|1,792,773|1,330,439|
|Investment income||3|261,502|-|261,502|211,552|
|TOTAL INCOME|||1,889,298|164,977|2,054,275|1,541,991|
|EXPENDITURE ON:|||||||
|Raising funds:|||||||
|Fundraising and legacy
generation costs|||388,946|164,977|553,923|509,029|
|Investment management|||34,477|-|34,477|33,714|
|Charitable activities||6|1,522,876|3,334|1,526,210|1,633,188|
|TOTAL EXPENDITURE||6|1,946,299|168,311|2,114,610|2,175,931|
|NET
EXPENDITURE|BEFORE||||||
|INVESTMENT GAINS|||(57,001)|(3,334)|(60,335)|(633,940)|
|Gains/(Iosses) on investments|||1,220,320|-|1,220,320|(234,701)|
|NET
INCOME/(EXPENDITURE)
BEFORE TRANSFERS|||1,163,319|(3,334)|1,159,985|(868,641)|
|Transfers between funds|||||||
|NET MOVEMENT IN FUNDS|||1,163,319|(3,334)|1,159,985|(868,641)|
|RECONCILIATION OF FUNDS:|||||||
|Total funds brought forward|||3,407,588|3,334|3,410,922|4,279,563|
|TOTAL FUNDS CARRIED|||||||
|FORWARD|||4,570,907|-|4,570,907|3,410,922|
||(A company limited by guarantee)|(A company limited by guarantee)|(A company limited by guarantee)|(A company limited by guarantee)|||
|---|---|---|---|---|---|---|
||REGISTERED NUMBER: 2165552||||||
||CONSOLIDATED BALANCE SHEET||||||
|||AS AT 30|SEPTEMBER 2021||||
|||||2021||2020|
|||Note|£|£|£|£|
|FIXED ASSETS|||||||
|Tangible assets||9||4,265||5,917|
|Investments||10||9,260,053||9,423,465|
|||||9,264,318||9,429,382|
|CURRENT ASSETS|||||||
|Stocks||11|17,100||17,126||
|Debtors||12|837,604||679,710||
|Cash at bank and in hand|||387,629||727,250||
||||1,242,333||1,424,086||
|CREDITORS: amounts falling due
less than one year|in|13|(2,995,168)||(4,934,713)||
|NET CURRENT LIABILITiES||||(1,752,835)||(3,510,627)|
|TOTAL ASSETS LESS CURRENT|||||||
|LIABILITIES||||7,511,483||5,918,755|
|CREDITORS: amounts falling due
after more than one year||14||(2,940,576)||(2,507,833)|
|NET ASSETS||||4,570,907||3,410,922|
|CHARITY FUNDS|||||||
|Restricted funds||16||0||3,334|
|Unrestricted funds||16||4,570,907||3,407,588|
|TOTAL FUNDS||||4,570,907||3,410,922|
##
||CHARITY|BALANCE SHEET|BALANCE SHEET|||
|---|---|---|---|---|---|
||AS AT 30|SEPTEMBER|2021|||
||||2021||2020|
||Note|€|£|£|£|
|FIXED ASSETS||||||
|Tangible assets|9||4,265||5,917|
|Investments|10||9,091,122||9,288,498|
||||9,095,387||9,294,415|
|CURRENT ASSETS||||||
|Stocks|11|17,100||17,126||
|Debtors|12|904,764||691,460||
|Cash at bank and in hand||333,948||667,320||
|||1,255,812||1,375,906||
|CREDITORS: amounts falling due in
less than one year|13|(2,993,568)||(4,932,913)||
|NET CURRENT LIABILITIES|||(1,737,756)||(3,557,007)|
|TOTAL ASSETS LESS CURRENT
LIABILITIES|||7,357,631||5,737,408|
|CREDITORS: amounts falling due
after more than one year|14||(2,940,576)||(2,507,833)|
|NET ASSETS|||4,417,055||3,229,575|
|CHARITY FUNDS||||||
|Restricted funds|16||0||3,334|
|Unrestricted funds|16||4,417,055||3,226,241|
|TOTAL FUNDS|||4,417,055||3,229,575|
|CONSOLIDATED STATEMENT OF CASH FLOWS|CONSOLIDATED STATEMENT OF CASH FLOWS|CONSOLIDATED STATEMENT OF CASH FLOWS||
|---|---|---|---|
|FOR THE YEAR ENDED 30|SEPTEMBER 2021|||
||Note|2021|2020|
|||£|£|
|Cash flows from operating activities:||||
|Net cash used in operating activities|18|(1,984,564)|(252,145)|
|Cash flows from investing activities:||||
|Dividends and interest from investments||261,502|211,551|
|Proceeds from the sale of investments||1,237,545|6,542,334|
|Purchase of investments||(303,087)|(5,893,256)|
|Net cash provided by investing activities||1,195,960|860,629|
|Change in cash and cash equivalents in the year||(788,604)|608,484|
|Cash and cash equivalents brought forward||1,250,917|642,433|
|Cash and cash equivalents carried forward|19|462,313|1,250,917|
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|Group and Charity|Unrestricted|||
|---|---|---|---|
||and total|Restricted|Total|
||Funds|funds|funds|
||2021|2021|2021|
||£|£|£|
|Legacies|1,155,690|-|1,155,690|
|Donations|378,398|164,977|543,375|
|Donations-in-kind|59,028|-|59,028|
|Coronavirus Job Retention Scheme Grant|34,680|-|34,680|
|Total donations and legacies|1,627,796|164,977|1,792,773|
|Group and Charity||Unrestricted|||
|---|---|---|---|---|
|||and total|Restricted|Total|
|||Funds|funds|funds|
|||2020|2020|2020|
|||£|£|£|
|Legacies||920,594|-|920,594|
|Donations||315,613|3,000|318,613|
|Donations-in-kind||39,867|-|39,867|
|Coronavirus Job Retention Scheme Grant||51,365|-|51,365|
|Total donations and|legacies|1,327,439|3,000|1,330,439|
|3. INVESTMENT INCOME|||||
|Group and Charity||Unrestricted|||
|||and total|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||£|£|£|
|Investment income|— listed investments|261,785|-|261,785|
|Investment income|— cash investments|(283)|-|(283)|
|||261,502|-|261,502|
|Group and Charity||Unrestricted|||
|||and total|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|||£|£|£|
|Investment income— listed investments||211,111|-|211,111|
|Investment income|— cash investments|441|-|441|
|||211,552|-|211,552|
##
|4. ANALYSIS OF GRANTS|4. ANALYSIS OF GRANTS||||||
|---|---|---|---|---|---|---|
|Group and Charity||||Unrestricted||Unrestricted|
||||Grants to|and|total|and total|
||||Institutions|funds||funds|
||||2021||2021|2020|
||||£||£|£|
|Grants approved in|the year||1,240,658|1,240,658||1,282,543|
|RECONCILIATION OF|GRANTS PAYABLE||||||
|||||2021||2020|
|||||£||£|
|Accrued at 1 October 2020||||6,659,651||6,355,666|
|Grants made in the|year—|Liverpool||431,844||548,325|
|Grants made in the|year—|Lancaster||663,371||572,127|
|Grants made in the|year—|Bangor||100,500||27,000|
|Grants made in the|year—|Chester||94,375||-|
|Grants made
in the|year
—|BIackpoo I||||129,055|
|Grants made
in the|year
—|Manchester||104,950|||
|Grants made
in the|year
—|UCLAN||4,000|||
|Grants cancelled or|recovered|||(165,882)||(5,047)|
|Grants paid and other movements|||(2,591,646)|||(967,475)|
|Accrued at 30 September||2021||5,301,163||6,659,651|
|Payable as follows:|||||||
|Grants payable lyr
— institutional||||2,940,576||2,507,833|
|Total grants payable||||5,301,163||6,659,651|
|5. GOVERNANCE COSTS|5. GOVERNANCE COSTS|5. GOVERNANCE COSTS|||||
|---|---|---|---|---|---|---|
|Group and Charity||||Unrestricted|||
|||||and total|Restricted|Total|
|||||funds|funds|Funds|
|||||2021|2021|2021|
|||||£|£|£|
|Governance|Auditor’s remuneration|||10,960||10,960|
|Governance|legal and professional fees|||6,896||6,896|
|Governance|share of|support costs||17,233||17,233|
|Governance|expense|— recruitment fees||1,315||1,315|
|Governance|expense|—wages and salaries||57,355||57,355|
|Governance|— depreciation||— tangible fixed|193||193|
|assets|||||||
|||||93,952|-|93,952|
|Group and Charity|Group and Charity||Unrestricted|||
|---|---|---|---|---|---|
||||and total|Restricted|Total|
||||funds|funds|Funds|
||||2020|2020|2020|
||||£|£|£|
|Governance|Auditor’s remuneration||14,040|-|14,040|
|Governance|legal and|professional fees|12,247|-|12,247|
|Governance|share of|support costs|30,640|-|30,640|
|Governance|expense—Scientific Expenditure|||||
|Governance|expense|— recruitment fees|2,162|-|2,162|
|Governance|expense|—wages and salaries|61,141|-|61,141|
|Governance|— depreciation
— tangible fixed||201|-|201|
|assets||||||
||||120,431|-|120,431|
##
|Group and Charity|Staff costs|Depreciation|Other costs|Total|
|---|---|---|---|---|
||2021|2021|2021|2021|
||£|£|£|£|
|Expenditure of fundraising|285,010|961|267,952|553,923|
|Expenditure
on
investment
management||-|34,477|34,477|
|Cost ofgenerating funds|285,010|961|302,429|588,400|
|Research grant expenditure|147,007|497|1,284,754|1,432,258|
|Expenditure on governance|57,354|193|36,405|93,952|
|Charitable activities|204,361|690|1,321,159|1,526,210|
||489,371|1,651|1,623,588|2,114,610|
|Group and Charity|Staffcosts|Depreciation|Other costs|Total|
||2020|2020|2020|2020|
||f|£|£|£|
|Expenditure of fundraising|271,869|892|236,268|509,029|
|Expenditure
on
investment
management|-|-|33,714|33,714|
|Cost ofgenerating funds|271,869|892|269,982|542,743|
|Research grant expenditure|170,223|558|1,341,975|1,512,757|
|Expenditure on governance|61,141|201|59,090|120,431|
|Charitable activities|231,364|759|1,401,065|1,633,188|
||503,233|1,651|1,671,046|2,175,930|
##
##
|||2021|2020|
|---|---|---|---|
|||£|£|
|Depreciation oftangible|fixed assets: owned by the Charity|1,651|1,651|
|Auditor’s remuneration|— audit|10,600|12,240|
##
||2021|2020|
|---|---|---|
||£|£|
|Wages and salaries|430,240|438,657|
|Social security costs|36,434|41,892|
|Dther pension costs|22,697|22,683|
||489,371|503,232|
||2021|2020|
|---|---|---|
||No.|No.|
|Fundraising and marketing|8|10|
|Administration|S|S|
||13|15|
##
##
|Group and Charity|Fixtures and||
|---|---|---|
||fittings|Total|
||£|£|
|Cost|||
|At 1 October 2020|8,256|8,256|
|At 30 September 2021|8,256|8,256|
|Depreciation|||
|At 1 October 2020|2,339|2,339|
|Charge for the year|1,651|1,651|
|At 30 September 2021|3,990|3,990|
|Net book value|||
|At 30 September 2021|4,265|4,265|
|At 30 September 2020|5,917|5,917|
##
|10. FIXED ASSET INVESTMENTS||||||
|---|---|---|---|---|---|
||Listed|||||
|Group|securities|Cash|Total|||
||(Market value)|||||
||£|£|£|||
|At 1 October 2020|8,899,798|523,667|9,423,465|||
|Additions|303,087|-|303,087|||
|Disposals|(1,237,545)|-|(1,237,545)|||
|Movement in cash for the year||(448,982)|(448,982)|||
|Realised and unrealised gains||||||
|on investments|1,220,028|-|1,220,028|||
|At 30 September 2021|9,185,368|74,685|9,260,053|||
||||Shares|in||
||Listed||group|||
|Company|securities|Cash|undertakings||Total|
||(Market value)|||||
||£|£||£|£|
|At 1 October 2020|8,764,831|523,667||1|9,288,498|
|Additions|302,050|||-|302,050|
|Disposals|(1,237,545)|||-|(1,237,545)|
|Movement in cash for the year||(448,982)||-|(448,982)|
|Realised and unrealised gains
on investments|1,187,101|||-|1,187,101|
|At 30 September 2021|9,016,437|74,685||1|9,091,123|
##
|Name|Holding|
|---|---|
|NW Cancer Research Trading Limited|100%|
|Cancer and Polio Research Fund Limited|100%|
##
||Aggregate of||
|---|---|---|
||share capital||
||and reserves|Profit/ (loss)|
|Name|£|£|
|NW Cancer Research Trading Ltd.|1||
|Cancer and Polio Research Fund Limited|153,852|(27,496)|
|Total|153,853|(27,496)|
##
##
||||Group||Charity||
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||£|£|£|£|
|Goods|for|resale|17,100|17,126|17,100|17,126|
##
|2. DEBTORS|||||
|---|---|---|---|---|
||Group||Charity||
||2021|2020|2021|2020|
||£|£|£|£|
|Other debtors|1,178|5,500|1,178|5,500|
|Prepayments|22,713|24,924|22,713|24,924|
|Accrued legacy income|540,425|549,674|497,230|549,674|
|Other accrued income|273,288|99,612|383,643|111,362|
||837,604|679,710|904,764|691,460|
##
##
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||F|£|£|£|
|Trade creditors||357,756|712,907|357,756|712,907|
|Sundry creditors||465|465|465|465|
|Amounts owed|to NWCRT, the subsidiary|||1|1|
|company||||||
|Other taxation|and social security|13,155|14,581|13,155|14,581|
|Accruals and deferred income||263,206|54,942|261,606|53,142|
|Grants accrued|— institutional (see note 4)|2,360,586|4,151,818|2,360,586|4,151,818|
|||2,995,168|4,934,713|2,993,569|4,932,913|
##
||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|2021|2020|
||||||||£|£|£|£|
|Grants|accrued|—|institutional|(see|note|4)|2,940,576|2,507,833|2,940,576|2,507,833|
##
||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2021|2020|2021|2020|
||F|£|£|£|
|Financial assets measured at fair value|||||
|Investments|9,260,053|9,423,465|9,091,122|9,288,497|
|Financial assets measured at amortised cost|||||
|Debtors excluding prepayments|814,891|654,786|882,050|666,536|
|Financial liabilities measured at amortised|||||
|cost|||||
|Creditors|5,935,745|7,442,546|5,934,146|7,440,746|
##
##
||||Balance at||||Balance at|
|---|---|---|---|---|---|---|---|
||||I October|||Gains/|30 September|
||||2019|Income|Expenditure|(Losses)|2020|
||||£|£|£|£|£|
|Unrestricted and||||||||
|total funds||||||||
|Other
funds||General|4,276,004|1,554,483|(618,223)|(868,415)|3,407,588|
|Restricted||funds||||||
|Other
funds|restricted||3,559|3,000|(3,225)|(225)|3,334|
|Total of|funds||4,279,563|1,557,483|(621,448)|(868,640)|3,410,922|
##
##
|||Balance at||||Balance at|
|---|---|---|---|---|---|---|
|||1 October|||Gains!|30 September|
|||2020|Income|Expenditure|(Losses)|2021|
|||£|£|£|£|£|
|Unrestricted and|||||||
|total funds|||||||
|Other
funds|General|3,226,241|1,838,800|(1,835,379)|1,187,393|4,417,055|
|Restricted|funds||||||
|Other
restricted
funds||3,334|164,977|(168,311)|-|-|
|Total offunds||3,229,575|2,003,777|(2,003,690)|1,187,393|4,417,055|
##
|||Balance ot||||Balance at|
|---|---|---|---|---|---|---|
|||1 October|||Gains!|30 September|
|||2019|Income|Expenditure|(Losses)|2020|
|||£|£|£|£|£|
|Unrestricted and|||||||
|total funds|||||||
|Other
funds|General|4,079,099|1,534,969|(2,162,101)|(852,858)|3,226,241|
|Restricted|funds||||||
|Other
restricted
funds||3,559|3,000|(3,225)|(225)|3,334|
|Total offunds||4,082,658|1,537,969|(2,165,326)|(853,083)|3,229,575|
##
##
|GROUP|Unrestricted|||
|---|---|---|---|
||and total|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
||E|£|£|
|Tangible fixed assets|4,265|-|4,265|
|Fixed asset investments|9,260,053|-|9,260,053|
|Current assets|1,242,333|-|1,242,333|
|Creditors due within one year|(2,995,168)|-|(2,995,168)|
|Creditors due in more than one year|(2,940,576)|-|(2,940,576)|
||4,570,907|-|4,570,907|
##
|GROUP|Unrestricted|||
|---|---|---|---|
||and total|Restricted|Total|
||funds|funds|funds|
||2020|2020|2020|
||£|£|£|
|Tangible fixed assets|5,917|-|5,917|
|Fixed asset investments|9,423,465|-|9,423,465|
|Current assets|1,420,753|3,334|1,424,086|
|Creditors due within one year|(4,934,713)|-|(4,934,713)|
|Creditors due in more than one year|(2,507,833)|-|(2,507,833)|
||3,407,588|3,334|3,410,922|
##
|||2021|2020|
|---|---|---|---|
|||£|f|
|Net income! (expenditure) for the year (as per Statement of Financial||1,159,985|(868,640)|
|Activities)||||
|Adjustment for:||||
|Depreciation charges||1,651|1,651|
|(Gains)/Losses on investments||(1,220,028)|234,702|
|Dividends, interest and rents from investments||(261,502)|(211,551)|
|Assets acquired||||
|(Increase)! decrease in stocks||25|(6,984)|
|(Increase) in debtors||(157,894)|(3,038)|
|Increase/(decrease) in creditors||(1,506,801)|601,716|
|Net cash used in operating activities||(1,984,564)|(252,145)|
|19. ANALYSIS OF CASH AND CASH EQUIVALENTS||||
|||2021|2020|
|||£|£|
|Cash in hand||387,629|727,250|
|Investment cash accounts||74,684|523,667|
|||462,313|1,250,917|
|20. RECONCILIATION OF NET DEBT||||
||At 1 October|Cashfiow|At 30|
||2020||September|
||||2021|
||£|£|£|
|Cash in hand and at bank|1,250,917|(788,604)|462,313|
||1,250,917|(788,604)|462,313|
##
##
##
||2021|2020|
|---|---|---|
||£|£|
|Amounts payable:|||
|Within 1 year|1,368|1,368|
|Between landS years|-|1,368|
||1,368|2,736|
##