## **THE CANCER FUND FOR CHILDREN**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2023**
**Northern Ireland Charity Number: NIC100532 Company Registration Number: NI 049930 HMRC Number: XR 29768**
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## **THE CANCER FUND FOR CHILDREN CONTENTS**
## **_______________________________________________________________**
||Pages|
|---|---|
|Officers and Professional Advisors|3|
|Report of the Board of Trustees|4-14|
|Independent Auditors’ Report|15-18|
|Statement of Financial Activities|19|
|Balance Sheet|20|
|Cash Flow Statement|21|
|Notes to the Financial Statements|22-36|
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## **THE CANCER FUND FOR CHILDREN OFFICERS AND PROFESSIONAL ADVISORS**
## **Trustees/Directors as at 27th November 2023**
Peter O’Brien Joan Ballantine Gerry Halpenny Dr Robert Johnston Michelle Hatfield Donal O’Shaughnessy Pádraic Ó Giolláin Peter Shields (appointed 1[st] April 2022) Cormac Owens (appointed 1[st] April 2022) Robin McCormick (appointed 3[rd] May 2023) Donal Hutchinson (appointed 3[rd] May 2023) Kate Marshall (Chair, resigned 3[rd] May 2023) Kenneth Brundle (resigned 3[rd] May 2023) David Sterling (resigned 3[rd] May 2023) Lisa Collins (resigned 12[th] August 2022)
Directors are appointed in accordance with the provisions laid down in the Memorandum and Articles of Association.
## **Chairperson**
Peter O’Brien
## **Treasurer**
Joan Ballantine
## **Company Secretary**
Gerry Halpenny
## **Chief Executive**
Phil Alexander
## **Registered Office**
Curlew Pavilion Portside Business Park Airport Road West Belfast, BT3 9ED
## **Northern Ireland Charity Number**
NIC100532
**Company Registration Number** NI049930
**HMRC Number** XR29768
**Auditors Bankers** Moore (N.I.) LLP Danske Bank Chartered Accountants & Registered Auditor PO Box 183 7 Donegall Square North Donegall Square West Belfast, BT1 5GB Belfast, BT1 6JS
## **Solicitor**
**Solicitor** Bank of Ireland Pinsent Masons 4/8 High Street 1 Lanyon Place Belfast, BT1 2BA Belfast BT1 3LP
Ulster Bank Limited Connswater Branch Arches Retail Park Belfast, BT5 4AF
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**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The Board of Trustees (who are also Directors of the charitable company for the purposes of company law) have pleasure in presenting their annual report and the audited financial statements for the year ended 31 March 2023. The financial statements have been prepared based on the accounting policies set out in note 1 to the financial statements and comply with the Charity’s constitution, applicable law and Accounting and Reporting by Charities: Statement of Recommended Practice which applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
The following Trustees have held office since 1 April 2022: Peter O’Brien Joan Ballantine Gerry Halpenny Dr Robert Johnston Michelle Hatfield Donal O’Shaughnessy Pádraic Ó Giolláin Peter Shields (appointed 1[st] April 2022) Cormac Owens (appointed 1[st] April 2022) Robin McCormick (appointed 3[rd] May 2023) Donal Hutchinson (appointed 3[rd] May 2023) Lisa Collins (resigned 12[th] August 2022) Kate Marshall (resigned 3[rd] May 2023) Kenneth Brundle (resigned 3[rd] May 2023) David Robert Sterling (resigned 3[rd] May 2023)
## **Reference & Administrative Details**
Reference and administrative details are shown in the schedule of members of the board and professional advisers on the initial page of the financial statements.
## **Objectives & Activities**
The Company is established for the relief of need by reason of ill-health amongst children, and the families of children, anywhere in the world, who are adversely affected by cancer through the provision of practical, social and emotional support insofar as is charitable under the law of Northern Ireland and in particular:
1. To provide support (including but not limited to practical, emotional and psychosocial support) for all children and young people (0-24 years) diagnosed with cancer, their siblings (0-24 years) and those children and young people (0-24 years) who have a parent or other primary carer diagnosed with cancer alongside their families throughout Northern Ireland & Ireland; with a view to reducing isolation, improving wellbeing and equipping individuals to cope better with the impact of a cancer diagnosis, alongside improving family relationships, reducing stress and anxiety and promoting independence.
2. To provide families dealing with a cancer diagnosis, a palliative/terminal cancer diagnosis, or families bereaved through cancer with relief, care, and support through a range of facilities including our Therapeutic short break centre, Daisy Lodge and residential centre, Narnia. Therapeutic breaks promote rest and relaxation, teamed with unique psychosocial support specifically tailored to each family. They are designed to improve wellbeing, build precious memories, and facilitate families spending quality time together.
3. To provide time sensitive and age-appropriate support (including but not limited to practical, emotional and psychosocial support) to children and young people who are dying as a result of cancer, their siblings and those children and young people who have a parent dying from cancer, offering continuity of care through ongoing bereavement support to each family.
4. To provide a range of opportunities for children, young people, and parents/primary carers impacted by cancer to meet one another and share experiences.
5. To provide safe spaces were children, young people and families can talk openly about the impact that cancer has on their lives, and work with them at a local, regional and national level to advocate and lobby for improvements in cancer care and support.
6. To raise public awareness of the impact of childhood cancer and the impact of a parental cancer diagnosis on a child or young person.
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**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
## **Achievements & Performance**
Our vision is that no child faces cancer alone. At Cancer Fund for Children, we connect, empower, and strengthen children, young people and families struggling to cope with the emotional impact of cancer **.**
It's a testament to the relentless drive and unwavering compassion of our entire team, from our tireless staff to our dedicated volunteers that we remain on track to deliver on our 5-year strategy that will take us to 2026. Key pillars of this strategy include the ongoing improvement of services, youth engagement, the development of services across the Republic of Ireland (ROI), developing our people and culture, growing awareness of our work, financial sustainability and continuing on our journey to good governance.
We understand that the journey through cancer is a daunting one, filled with uncertainty and fear. But we also know that with the right support, resilience, and a network of support, these challenges can be transformed into opportunities for growth and connection.
Over the past year, our team has risen to unforeseen challenges. The global pandemic continued to bring uncertainty, impacting the lives of countless families already facing the heavy burden of cancer. Despite these challenges, our team has not only persevered but also thrived. They responded with agility and determination to the increased referrals, recognizing the urgent need to ensure no child would face cancer alone, especially during these trying times.
## _**Progress Update**_
In line with our commitment to growth and sustainability, we initiated the recruitment of an executive leadership team. This strategic move will enable us to expand our reach, enhance our impact, and provide even more comprehensive support to those who rely on us. The executive leadership team of Cancer Fund for Children (CFFC NI) has continued to provide administrative support to the Board of its sister charity in the Republic of Ireland, Cancer Fund for Children Ireland (CFFC ROI).
## _**Services Update**_
This year has been an important and impactful year across the services within Cancer Fund for Children.
As like last year we have seen a significant growth in children, young people and families seeking support, and in response we have been able to lead on several key developments to help meet this need.
At its core our support meets children, young people, and families with a strong degree of sensitivity, warmth, compassion, and flexibility. It centres around the importance of connection, relationship, building trust and rapport, and then tries to ensure the support offered is what is needed. This year more than any other we have done this, and we look to strengthen it in the years ahead.
Our developmental roles within the areas of parental, palliative family-based support and bereavement support have been instrumental and have delivered a range of individual support, specialist sessions, bespoke groupwork both in-person and online for both children, young people and parents, parental coffee mornings, bereaved coffee mornings, as well as carrying out a study into ‘parental anxiety’ during family life with cancer. This work is helping to ensure families get a more holistic level of support and the developmental nature of the work allows us to think, reflect and learn, all in aid of helping to shape our services longer term.
Our residential groupwork programmes were back in full swing, as well as our opportunity for young people to complete their Duke of Edinburgh award. We worked with a range of stakeholders to help provide opportunities for diagnosed teenagers to avail of UK wide residentials, sailing trips and conferences and families throughout the year availed up our Care Free Choir and continual events/opportunities.
We continued to develop our short breaks at Daisy Lodge, Newcastle, Co Down, with improved working practices to ensure families could continue to get the appropriate support at a time in which they needed it. The team continued to work tirelessly to ensure families felt safe. The team enhanced the mid-week offer of support by providing more rest and relaxation overnights for parents/guardians which have been a real success this year. Families from the Republic of Ireland also continued to avail of the provision of therapeutic short breaks at Daisy Lodge (2022/23 – 63 families).
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## **THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
Our work with teenagers and young adults in hospitals across Northern Ireland (NI) also took a major step forward. Following the introduction of a regional ward-based Cancer Support Specialist last year, in September of this financial year we also introduced a Belfast hospital-based Cancer Support Specialist and as part of the Teenagers and Young Adults (TYA) Service for NI we now provide support in all hospital settings, providing much needed age specific support to young people and young adults when they most need it.
This year within the charity (both CFFC NI and CFFC ROI) we also went through a complete overhaul of our IT and database systems, moving our referral process online with a fully holistic and integrative database system. This was done in line with updating our website, literature and streamlining our systems, processes and quality standards.
## _Youth Engagement_
One of the priorities of our five-year strategy is to ensure that the voice of children and young people is at the heart of our organisation, and they play an active role in championing change across cancer services.
Following the successful development of our Youth Engagement strategy last year, this year we began the real day to day work of supporting children and young people to have a real and lasting voice within the charity and beyond.
We recruited 2 new groups of children and young people aged 8-11 and 12-17, who would become our youth engagement groups, and following a period of induction these young people have attended numerous meeting days, residentials and events. They have attended fundraising events, meetings, worked together to plan for a ‘Young Peoples celebration Event’ and carried out the first youth led review of our services.
## _Young Ambassadors_
This year we also launched opportunities to be Young Ambassadors with Cancer Fund for Children. Young Ambassadors are young people who have been supported by Cancer Fund for Children who would like to be public ambassadors sharing their story, partaking in media, speaking at events and publicly about the impact of cancer on children and young people. Specific training and support was provided to 4 young people this year and they have already attended a number of engagements.
In July 2022, we recruited 2 peer facilitators to help support the work across this team and work directly with children and young people. Both peer facilitators are former service users of the charity and their employment as youth apprenticeships was made possible through funding from the Department of Communities through the Rank Foundation.
## _#iWill Project_
In May 2022, young people involved in our bereaved advocacy project launched their very own ‘Youth Led’ resource for schools. The ‘Bereavement Support Plan’ and accompanying guidance booklet for schools was designed specifically by young people for young people to help better support bereaved students. Their experience and research showed that the level of support offered varied vastly between different schools and that most often, young people were not involved in the decisions around how they were supported postbereavement.
The aim of their resource was “ _to ensure that schools are a safe, comfortable and supportive place for bereaved students in Northern Ireland_ ”.
Over the summer the resource and teacher guidance was sent to every post primary school in Northern Ireland and throughout the year we have received additional requests for the resource.
## _**Services Impact**_
During 2022-23, Cancer Fund for Children, had a **30% increase** in referrals, receiving **324** new family referrals from a range of Health Care Professionals/self-referrals across Northern Ireland. Alongside this, we continued to support families in ROI to avail of short breaks as well as hospital based support. This figure alongside the existing family caseload meant Cancer Fund for Children directly supported over _**800 families this year.**_
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**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
Individual tailored support remained an integral part of the overall package offered to the children and young people. In total _**1147 individual support sessions**_ were delivered in Northern Ireland with a further _**240 support sessions**_ offered within CHI at Crumlin by our sister charity Cancer Fund For Children Ireland.
Residential group work fully recommenced in Narnia, at Daisy Lodge, and children and young people were able to benefit again from peer connection and the support they find through the residential activities. There were 22 residentials in total.
In December, the team supported a significant number of families in financial distress to access support. They planned and organised Christmas events, as well as helping to provide families with direct personalised video messages from Santa.
1,737 children and their parents/carers had the opportunity to spend time away from hospital and home life to rest and recharge at Daisy Lodge, our therapeutic short break centre. An increase of 15% compared to previous year. Overall, our residential services have achieved more short breaks than any other time, with 453 families availing of short breaks at Daisy Lodge, 38 bereaved families availing of self-catering weekends, and 180 parents/guardians availing of overnight rest and relaxation breaks at Daisy Lodge.
Group sessions encouraged participants to reflect, cope with stress and connect with others living through cancer. The team used a variety of creative activities to engage families. They delivered 659 workshops with families and individuals. With over 1000 complementary therapies also offered to family members.
A short summary of the feedback comments from families who stayed at Daisy Lodge on a therapeutic short break during the year 2022/23 is provided below:
- 90% of families felt more hopeful about their future following their short break.
- 94% felt better able to manage their family situation.
- 91% of families stated time together has strengthened their relationship as a family
- 88% Developed their connection as a family
Some quotes taken throughout this year:
_“Thanks so much for today – Lucy had an absolute ball!! Love her vision board! Days like this does her the world of good & are priceless – thanks so much.”_
_“Thank you all so much, Erin is home so full of confidence and so proud of herself for staying two nights, thank you for giving her this opportunity.”_
_“Jack seemed to be two feet taller, this experience is the first time he has stayed away from home on his own. So proud of him and the confidence he has is amazing.”_
_“You lot are worth your weight in gold.”_
_“We were able to spend quality time with each other in a stress-free environment. We really enjoyed the activities and games room. The complimentary therapy was just lovely! We discovered that we enjoyed art activities together. We had a fun art session with Esther and are taking home a unique piece of art that we will display with pride. Thanks so much.”_
_“A super break from home and a weekend spent together as a family. A break from hospital and cancer routine.”_
_“We could be closer together in new environment for the first time without daddy/ husband. Important lesson how to build new and happy memories in new family situation.”_
_“We gained quality family time, making new memories in memory of our loved one.”_
_“We have had an amazing few days being able to relax and step away from all the hard times and stresses that a cancer diagnosis brings it’s like being able to step away into a different world a truly magical experience.”_
_“Rest and refreshment in beautiful surroundings with lovely, caring staff.”_
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**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
## **Income Generation**
We undertook a restructure within the income generation and communication team. In January 2023, a director was appointed to oversee the department. The team have developed a revised strategy to ensure the organisation can deliver on its strategic objectives across Northern Ireland and the Republic of Ireland.
We would like to take this opportunity to thank the local community for their unparalleled support throughout the past year and for their compassion and generosity. We want to also thank the many families who courageously shared their personal stories of family life and cancer to highlight the essential support they have received from Cancer Fund for Children.
We would like to take this opportunity to say thank you to all the clubs, schools, businesses, corporate partners, who go the extra mile for Cancer Fund for Children. We are fortunate to have such an amazing community of supporters and we feel confident that with their continued support we will be able to deliver on our mission to ensure that no child has to face cancer alone.
We would like to thank the Department of Health, Community Foundation, National Lottery Community Fund, Ulster Garden Village, The Ireland Funds, Children in Need, ARN Foundation and Co-op for providing funding and support to make our work possible.
## **Raising Awareness of Cancer Fund for Children**
As we develop our brand and services across the Island of Ireland our digital presence is more important than ever, serving as a way for us to communicate our impact to new and existing supporters.
Over the last year our digital communications strategy has focused on sharing the content pillars that resonate with our audience which includes services content, large scale events and brand updates and to engage with our followers to increase engagement with our content.
The Communication Team continue to work closely with the Services Team to ensure growing awareness of the impact of cancer on children and young people. Family stories have been shared alongside blog posts and articles in newspapers.
## Social Media
Facebook Followers: 21.1K Facebook Reach: 469k (+59.6% on previous year)
Instagram Followers: 5.6K Instagram Reach: 62k (+139.6% on previous year)
Twitter Followers: 6.3K followers Twitter Reach: 64.4k impressions
Linked In Followers: 2.7K Linked in Reach: 82.4k impressions
## Website
62k users (+44% on previous year) 90k website sessions (+ 57.8% on previous year)
PR and Media
Over this period Cancer Fund for Children’s (Island of Ireland) media coverage included:
- 382 print articles (13.6 million reach)
- 253 online articles (6.9 million reach)
- 13 radio interviews/mentions (598K reach)
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## **THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
Similar to our digital content pillars included media coverage included services content, large scale events and brand updates such as the official opening of our new Narnia Garden, Childhood Cancer Awareness Month and impactful family stories.
## **Key milestones throughout the year**
## _Narnia Garden Opening_
In April, we officially opened our new Narnia Garden in the grounds of Daisy Lodge, Newcastle. Following a consultation with young people we support, and with the help of the National Lottery Community Fund and the Northern Ireland Prison Service an overgrown and neglected area of land behind our residential log cabin was transformed into a magical garden for children and young people impacted by cancer. The garden includes an archery lane, nightline, decked seating area with benches for workshops and discussions, atmospheric lighting and a gravelled seating area for reflection and peer support activities.
## _Parental Support Webinars_
In June, we hosted a series of webinars in partnership with Parenting NI and the Community Foundation designed to support parents as they navigate cancer with their children. 44 parents/guardians attended webinars delivered by expert speakers covering topics including emotional health, strategies to reduce stress, self-care, compassion, and self-awareness and talking to children about cancer.
## _“I am glad I attended, and I felt more empowered to talk to my children”_
## _Hospital Based Cancer Support Specialists in Dublin and Belfast_
In May, our sister charity, Cancer Fund for Children Ireland (CFFC ROI) recruited its first Cancer Support Specialist on the paediatric cancer ward at Children’s Health Ireland, Crumlin in Dublin. The role provides informal social and emotional support to families during their child’s treatment.
We also recruited a Cancer Support Specialist for teenagers and young adults (age 14-24) in Belfast. Based at the Royal Victoria Hospital and Belfast City Hospital the role works alongside our existing Cancer Support Specialist who provides support to young cancer patients in regional hospitals across Northern Ireland.
## _Daisy Lodge, Cong, Co Mayo Update_
In early 2023/24, our sister charity, Cancer Fund for Children Ireland began work to clear the site of Daisy Lodge, Cong, a therapeutic short break centre, similar to Daisy Lodge, Newcastle. The site clearance work is in preparation for construction projected to commence in 2024/25. Under the supervision of an archaeologist and ecologist a sub-base has been laid for a new access road, car pack and the footprint of the building. The site has also been cleared to allow for a play area.
## _Childhood Cancer Awareness Month_
International Childhood Cancer Awareness Month in September is a time when the world unites to increase awareness of paediatric cancer and shine a light on the unique challenges faced by families impacted by childhood cancer. Two young people, Jacob and Annabel shared their experience as part of our #MoreThanAMonth campaign.
_**“** The one thing we would like other families to know about childhood cancer is that you are not alone. It’s a rollercoaster of a journey but there’s lots of support on offer to help you along the way. Don’t be afraid to ask for help.”_
## **Volunteers**
Volunteers remain a central pillar of Cancer Fund for Children, unfortunately following Covid we have been unable to use volunteers in the way we have done previously. A new Volunteer strategy will be developed in 2023/24 and funding has been secured to employ a volunteer coordinator.
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**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
## **Financial Review**
## _Going Concern_
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## _Results for the Period_
The Cancer Fund for Children’s Statement of Financial Activities is set out on page 19 of the audited accounts. Total income increased from £2,639,873 (restated) in 2021/22 to £3,205,585 in 2022/23. Total expenditure increased from £2,410,601 in 2021/22 to £3,206,821 in 2022/23. The charity therefore generated net expenditure for the year of (£1,236).
## _Reserves Policy and Funds Employed_
The Board of Trustees aims to build a reserve of 3 months operating costs over a period of six years beginning in 2017, with trade creditors and the overdraft being reduced over the first three years and reserves generated thereafter. This has been achieved and the charity is now in a position where it is steadily generating funds.
Total reserves of £3.43M as at 31 March 2023 falls into two categories:
## Restricted funds
Of the available resources, £35k is held in restricted funds. Restricted funds represent income received that can only be used for particular purposes which are within the overall aims of Cancer Fund for Children.
## Unrestricted funds
Of the available resources, £3.39M, which includes tangible fixed assets of £3.2M, is held in unrestricted funds. Unrestricted funds are funds that have no specific restrictions attached to them are for use at the discretion of the charity in furtherance of the objectives of the charity.
## _**Plans for Future Periods**_
The Board launched the 2021-26 strategy, the charity’s strategic plan for the next five years.
The six major elements of the plan are as follows:
1. Ensure that all children impacted by cancer across the Island of Ireland have access to our services and that they receive the right emotional and therapeutic support to help them cope better with cancer.
2. Build and open our second therapeutic short break centre, Daisy Lodge, Cong, Co. Mayo, allowing more families to access therapeutic short breaks regardless of where they live in Ireland.
3. Ensure that children and young people are at the heart of our organisation and are an active voice in championing change across cancer services.
4. Build a more sustainable and financially resilient organisation by diversifying our fundraising and developing and nurturing lasting relationships with our supporters so they are with us now and in the future.
5. Grow and nurture a positive and inclusive culture where our staff, supporters, and service users feel valued, supported, and listened to.
6. Demonstrate the impact and value of our vital services, whilst raising awareness of Cancer Fund for Children (NI and ROI).
## **Structure, Governance & Management**
## _**Constitution**_
The Articles and Memorandum of Association, which were revised and approved by the Board in September 2021, form the governing documents of the Charity which is constituted as a company limited by guarantee in accordance with the Companies Act 2006.
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**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
## _**Organisational Structure**_
The current subscribers and trustees of the charity as of 27[th] November 2023 are set out on page 3.
Cancer Fund for Children is governed by a Board of Directors, who are all volunteers. The directors of Cancer Fund for Children are also directors of Cancer Fund for Children Ireland. They have no beneficial interest in either of the companies and receive no remuneration.
Whilst strategic decisions are taken by the Board of Trustees, responsibility for the day-to-day operations of the Charity across the Island of Ireland has been delegated to the Chief Executive and the executive leadership team of Cancer Fund for Children (CFFC NI). Please see section below “ _Legal and Operational Structure – All Ireland Charity_ ” for further information.
The directors and secretary, who served at any time during the financial year except as noted for appointments and resignations, were as follows:
Peter O’Brien (Chairperson) Gerard Halpenny (Secretary) Cormac Owens Daniel O’Shaughnessy Joan Ballantine Pádraic Ó Giolláin Michelle Hatfield Dr. Robert Johnston Peter Shields (appointed 1[st] April 2022) Robin McCormick (appointed 3[rd] May 2023) Donal Hutchinson (appointed 3[rd] May 2023) David Sterling (resigned 3[rd] May 2023) Kate Marshall (Chair, resigned 3[rd] May 2023) Kenneth Sydney Brundle (resigned 3[rd] May 2023) Lisa Collins (resigned 22[nd] August 2022)
## _**Remuneration of Trustees**_
All trustees are non-executive, receive no remuneration for their services. They give their time and advice freely, as volunteers, and although they are entitled to reimbursement for vouched expenses, no such claims have been made in 2022/23.
## _**Governance Structure**_
The Board is supported by a Board Sub-Committee structure that deals effectively with specific aspects of the charity’s business and is chaired by a director. These committees consist of people who are experts in these areas and have relevant qualifications and experience.
**----- Start of picture text -----**
Board of Directors
Audit, Assurance and Nominations HR and Remuneration Services Committee
Risk Committee Committee Committee
Joint Chairs: Dr Robert
Chair: Joan Ballantine Chair: Peter O'Brien Chair: Michelle Hatfield Johnston/ Cormac
Owens
**----- End of picture text -----**
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**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
## _**Board and Board Sub-Committee Meetings**_
The Board and the Board Sub-Committees met on several occasions in 2022/23. Attendance by each board member at these meetings is set out in the table below:
||**Board**|**Audit,**
**Risk and**
**Assurance**|**Nominations**
**Committee**|**HR and**
**Renumeration**
**Committee**|**Services**
**Committee**|
|---|---|---|---|---|---|
|**Number of Meetings:**|**4**|**3**|**1**|**2**|**4**|
|Kenneth Brundle|2(4)|||||
|Joan Ballantine|4(4)|3(3)||||
|Michelle Hatfield|2(4)||1(1)|2(2)||
|Dr Robert Johnston|2(4)||||4(4)|
|Gerard Halpenny|3(4)|||||
|Donal O'Shaughnessy|4(4)|||||
|Padraic O'Giollain|4(4)|||||
|Peter O'Brien|4(4)||1(1)|||
|Peter Shields|4(4)|2(3)||||
|Cormac Owens|2(4)||||4(4)|
|Kate Marshall(Chair)|4(4)||1(1)|||
|David Sterling|3(4)|2(3)||||
|Lisa Collins|0(0)|||||
The Board has a detailed policy, role description and guidelines in relation to the selection, recruitment and induction of new Board members. Skills audits are used to identify gaps in the knowledge of the current Board and a recruitment process is instigated, either by placing an advertisement or through recommendation by a current Trustee. New Board members go through a step-by-step induction process, starting with an orientation at the Charity’s offices and providing them with a comprehensive induction pack which includes organisational and Board information and materials.
The individual performance of Board members is appraised in annual one-to-ones with the Chair, while Board performance as a whole is assessed by means of board members’ surveys and review days. The introduction of new skills and ideas to the Board is ensured by means of the rotation of trustees as outlined in the Articles.
## _**Legal and Operational Structure – All Ireland Charity**_
The Cancer Fund for Children is a charity registered in both the Republic of Ireland and Northern Ireland. The charity works across the Island of Ireland to provide support to children, teenagers and young adults in hospital, in the community and through therapeutic short breaks at their Daisy Lodge respite centre in Newcastle, Co Down.
The charity operates through Cancer Fund for Children (CFFC NI) and sister charity Cancer Fund for Children Ireland (CFFC ROI). They are related companies that share a common board. The directors have no beneficial interest in either of the companies and receive no remuneration.
CFFC NI provides administrative and management support to CFFC ROI. Please see ‘ _note 30 Related Party Transactions_ ’ for additional information.
Both organisations are separate independent legal entities and do not have a parent/ subsidiary relationship.
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**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
## **Risk Management**
The Cancer Fund for Children’s activities expose it to a number of risks including financial risk, operational risk and reputational risk. Risk registers are maintained which identify key risks, and the controls that have been put in place to mitigate and manage these risks.
The Trustees, who carry the responsibility for risk management, work with the executive leadership team to maintain a comprehensive Risk Register. This document identifies a number of risks in the operating environment, including financial, reputational and compliance. It outlines the background to each of the risks and the present controls to mitigate the risks. The Risk Register is updated on a quarterly basis, risk scores reviewed, and actions recorded and followed up. The updated version is presented to the Board of Trustees at each Board meeting for comment and further review.
## **Post Balance Sheet Events**
There are no significant post balance sheet events which require disclosure in the financial statements.
## **Public Benefit**
Cancer Fund for Children meets the definition of a public benefit entity under FRS 102 as an organisation whose primary objective is to provide practical, social and emotional support to children and young people affected by cancer, and their families.
## **Employment of Disabled Persons**
There are no collective agreements recognised by the charity. The charity is an equal opportunities employer with set policies on health and safety, training and development, disciplinary rules and grievance procedures.
## **Remuneration of Key Management Personnel**
The charity's remuneration policies and practices are designed to attract, retain, and motivate key management personnel while ensuring that resources are used efficiently and in line with the charity's mission and values.
The charity's Board of Trustees is responsible for establishing the arrangements for setting the remuneration of key management personnel. The charity utilises various benchmarks, parameters, and criteria when determining the remuneration of key management personnel. These include:
- Industry-specific data.
- Comparable remuneration packages in similar organisations within the sector.
- The charity's own performance metrics, financial health, and budgetary considerations.
## **Statement of Trustees’ 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 Practices).
Company law and the law applicable to charities in Northern Ireland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources for that period.
In preparing the financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation;
- observe methods and principles in the charities SORP; and
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006. The Trustees 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.
13
**THE CANCER FUND FOR CHILDREN TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023 (C’TD)**
## _**Statement of Disclosure of Auditors**_
- In so far as the Trustees are aware:
- there is no relevant audit information of which the charity’s auditors are unaware; and
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Approved by the Board of Trustees on 27th November 2023 and signed on their behalf by:
________________________ ______________________ Peter O’Brien Joan Ballentine Chairperson Treasurer
14
## **THE CANCER FUND FOR CHILDREN INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE CANCER FUND FOR CHILDREN**
## **Opinion**
We have audited the accounts of The Cancer Fund for Children for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted Accounting Practice).
## **Opinion on Financial Statements**
In our opinion:
- give a true and fair view on the state of the charitable company’s affairs as at 31 March 2023 and of its incoming resources and application of resources including its income and expenditure for the year then ended;
- have been properly prepared in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK (FRS 102);
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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 accounts section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the accounts 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**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the Trustees’ use of going concern basis of accounting in the preparation of the accounts is not appropriate; or
- the Trustees have not disclosed in the accounts any identified material uncertainties that may cast significant doubt about the Trust’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the accounts are authorised for issue.
## **Other information**
The other information comprises the information included in the annual report, other than the accounts and our auditor’s report thereon. The Trustees are responsible for the other information. Our opinion on the accounts 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.
In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in 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 there is a material misstatement in the accounts or a material misstatement of the other information. 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.
15
**THE CANCER FUND FOR CHILDREN INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE CANCER FUND FOR CHILDREN (C’TD)**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of our audit:
- the information given in the Trustees' Report for the financial year for which the accounts are prepared is consistent with the accounts; and
- the Trustees' Report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the accounts are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of Trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the Trustees' are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the Trustees are responsible for assessing the Trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the accounts 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 accounts.
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
**Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud** The objectives of our audit in respect of fraud, are to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the Charity.
16
## **THE CANCER FUND FOR CHILDREN INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE CANCER FUND FOR CHILDREN (C’TD)**
Our approach was as follows:
- We obtained an understanding of the legal and regulatory requirements applicable to the Charity and considered that the most significant are the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102).
- Enquiry of management, those charged with governance and the entity’s solicitors around actual and potential litigation and claims.
- Enquiry of entity staff in compliance functions to identify any instances of any non-compliance with laws and regulations.
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company’s internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees.
- Conclude on the appropriateness of the Trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the school’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Charity to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant findings, including any significant deficiencies in internal control that we identify during our audit.
17
**THE CANCER FUND FOR CHILDREN INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE CANCER FUND FOR CHILDREN (C’TD)**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' 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 charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed.
................................................
**Dr. R I Peters Gallagher OBE FCA (Senior Statutory Auditor) for and on behalf of Moore (N.I.) LLP, Statutory Auditor Chartered Accountants**
Dated: 27[th] November 2023 Donegall House 7 Donegall Square North Belfast BT1 5GB
18
## **THE CANCER FUND FOR CHILDREN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 (incorporating the income and expenditure account)**
|**Note**
**Income and Endowments**
Income from generated funds:
Donations & legacies
3
Activities for generating funds
4
Income from investments
5
Income from charitable activities
6
Support Group income
7
Other income
8
**Total income and endowments**
**Expenditure**
Expenditure on raising funds
11
Expenditure on charitable activities:
Daisy Lodge
12
Services
13
Governance costs
14
**Total Expenditure**
**Net Income/(Expenditure)**
31
**Transfer between funds**
26
**Funds balance brought forward at**
**1 April 2022**
**Funds balance carried forward at**
**31 March 2023**
26|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2023**
**Total**
**2022**
**Restated**
£
£
£
£
2,017,350
1,250
2,018,600
1,684,201
171,557
-
171,557
587,143
5,486
-
5,486
462
14,588
706,287
720,875
331,222
-
-
-
31,569
289,067
-
289,067
5,276|
|---|---|
||2,498,048
707,537
3,205,585
2,639,873|
||880,433
-
880,433
787,491
693,480
492,221
1,185,701
903,640
782,414
306,292
1,088,706
647,678
51,981
-
51,981
71,792|
||2,408,308
798,513
3,206,821
2,410,601|
||89,740
(90,976)
(1,236)
229,272
(66,763)
66,763
-
-|
||3,371,419
59,682
3,431,101
3,201,829|
|||
||3,394,396
35,469
3,429,865
3,431,101|
There are no other recognised gains or losses other than those listed above. All income and expenditure derives from continuing activities. The notes on pages 22 to 36 form part of these financial statements.
The Statement of Financial Activities (incorporating the income and expenditure account) is included in note 32 to the financial statements for the prior year ended 31 March 2022.
19
## **THE CANCER FUND FOR CHILDREN BALANCE SHEET AS AT 31 MARCH 2022**
|**Fixed assets**
**Note**
Tangible assets
15
**Current assets**
Stocks
Debtors
16
Cash at bank and in hand
17
**Creditors: amounts falling due within one year**
18
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
19
**Net assets**
**Represented by:**
Unrestricted funds
Restricted funds
**Total funds**
26|**2023**
**£**
3,233,038
2,447
319,083
1,314,814
1,636,344
(635,373)
1,000,971
4,234,009
(804,144)
3,429,865
3,394,396
35,469
3,429,865|**2022**
**Restated**
**£**
3,314,609|
|---|---|---|
|||10,721
176,341
1,420,712|
|||1,607,774
(478,082)|
|||1,129,692|
|||4,444,301
(1,013,200)|
|||3,431,101|
|||3,371,419
59,682|
|||3,431,101|
These financial statements were approved by the Board of Trustees on 27[th] November 2023 and are signed on their behalf by:
**----- Start of picture text -----**
___________________________
Peter O’Brien Chairperson
___________________________
Joan Ballantine Treasurer
**----- End of picture text -----**
The notes on pages 22 to 36 form part of these financial statements.
20
## **THE CANCER FUND FOR CHILDREN STATEMENT OF CASH FLOWS AS AT 31 MARCH 2023**
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
29
Interest paid
Net cash (outflow) from operating activities
**Investing activities**
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed assets
Interest received
**Net cash generated/(used) in investing**
**activities**
**Financing activities**
Repayment of loans
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of
**Cash and cash equivalents at end of year**
**Relating to:**
Bank balances
Bank overdrafts|**2023**
**2022**
**Restated**
**£**
**£**
**£**
**£**
160,681
389,971
(33,490)
(22,501)
127,191
367,470
(28,039)
(48,526)
-
-
4,892
462
(23,147)
(48,064)
(209,056)
(201,785)
(209,056)
(201,785)
(105,012)
117,621
1,220,506
1,102,885
1,115,494
1,220,506
1,314,814
1,420,712
(199,320)
(200,206)|
|---|---|
|||
21
**THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. General Information**
The Cancer Fund for Children is a charitable company limited by guarantee incorporated in Northern Ireland. Its Companies Registration Number is NI 049930. The registered office is Curlew Pavilion, Portside Business Park, Airport Road West, Belfast, BT3 9ED.
The Cancer Fund for Children is a public benefit entity. The objectives of the Cancer Fund for Children are charitable in nature. It has been granted charitable tax exemption by HMRC (Charity tax number XR 29768) and is registered with The Charity Commission for Northern Ireland (Charity number NIC100532). The nature of the charitable company's operations and its principal activities are set out in the Trustees' Report.
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, and the preceding year.
## **2. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard which applies in the UK (FRS102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK (FRS102) and the Companies Act 2006.
## **Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Income recognition**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Interest income is recognised in the period in which it is earned.
Income from all other sources is recognised when received.
## **Gifts in kind**
Gifts in kind relate to income resources received in the form of services and or assets. The value of these gifts is assessed by reference to their value to the charity; that value is then reflected as income in the Statement of Financial Activities. The Statement of Recommended Practice “Accounting and Reporting by Charities” then requires these valuations to be shown within expenditure (see note 15).
In accordance with Charities SORP, volunteer time is not recognised in the financial statements.
## **Expenditure**
Expenditure is recognised when there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
22
**THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
**2. Accounting Policies (Cont’d)**
All expenditure is accounted for on an accruals basis and has been classified to expenditure categories on a direct basis where appropriate or allocated in line with managerial and budgetary responsibilities on a number of bases.
Expenditure on raising funds include the costs of events, advertising, producing publications, printing and mailing fundraising material, and staff costs in these areas.
Expenditure on charitable activities relates to expenditure incurred on activities in furtherance of the charity’s objects.
Governance costs are those incurred in the governance of the charity in compliance with constitutional and statutory requirements.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include the staffing and associated costs of administering and managing the operational management of the charity.
## **Pension costs**
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contributions payable are charged to the Statement of Financial Activities.
## **Fixed assets**
All fixed assets are recorded at cost or estimated historic cost, net of any depreciation and any impairment losses.
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
|hat asset as follows:||
|---|---|
|Land|- not depreciated|
|Buildings|- 2% straight line|
|Furniture & Equipment|- 20% straight line|
|Motor Vehicles|- 20% straight line|
|Computer Equipment|- 20% straight line|
## **Impairment of Assets**
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.
## **Foreign currency**
The functional currency of the Cancer Fund for Children is considered to be sterling (£) because that is the currency of the primary economic environment in which the organisation operates. Monetary amounts in these financial statements are rounded to the nearest £.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds.
23
## **THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting Policies (Cont’d)**
## **Funds of the Charity**
All transactions of the charity have been recorded and reported as income into or expenditure from funds of the charity which are classified as ‘restricted’ or ‘unrestricted’.
## _Restricted funds_
Restricted funds are funds subject to restrictions imposed by the donor or by the specific terms of the appeal under which the funds are raised. The restrictions are binding upon the charity.
## _Unrestricted funds_
All other income is treated as unrestricted. Unrestricted funds represent amounts which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
## **Stocks**
Stocks are valued at the lower of cost or net realisable value.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Financial instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **Taxation status**
No charge to current or deferred taxation arises as the charity has been granted charitable status by the HMRC, charity tax number XR 29768.
24
**THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**3. Donations & legacies**
Community & Clubs
Corporate
General Donations
Donor Development – incl. Payroll
Giving
Families
Major Donors
Managed Events
Schools & Youth
Gifts in Kind
Daisy Lodge
Trust & Funds
**4. Income from activities for**
**generating funds**
Slieve Donard
School READON
Schools Other Events
Miscellaneous
Abseil
Fundraising Events
Santa Cause
Treks
Bog Run
**5. Income from investments**
Bank interest receivable||**Unrestricted**
**funds**
**£**
325,335
464,983
14,674
401,874
228,948
200,890
137,419
70,719
155,086
-
17,422
2,017,350
**Unrestricted**
**funds**
**£**
14,792
-
-
-
12,627
59,172
5,187
28,836
50,943
171,557
**Unrestricted**
**funds**
**£**
5,486||**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
1,250
-
1,250
**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
**Restricted**
**funds**
**£**
-||**Total**
**2023**
**£**
325,335
464,983
14,674
401,874
228,948
200,890
137,419
70,719
155,086
1,250
17,422
2,018,600
**Total**
**2023**
**£**
14,792
-
-
-
12,627
59,172
5,187
28,836
50,943
171,557
**Total**
**2023**
**£**
5,486||**Total**
**2022**
**Restated**
**£**
281,790
350,943
48,813
333,618
160,975
190,890
150,522
96,921
59,292
-
10,437|
|---|---|---|---|---|---|---|---|---|
|||||||||1,684,201|
|||||||||**Total**
**2022**
**£**
14,471
71,646
38,113
9,055
17,206
385,709
-
360
50,583|
|||||||||587,143|
|||||||||**Total**
**2022**
**£**|
|||||||||462|
25
## **THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**6. Income from charitable activities**
**Unrestricted**
**funds**
**£**
Big Lottery Rise
-
Big Lottery DL
-
Children in Need
-
Clic Sargent
-
Community Foundation NI
-
Co-Op Grant
-
Government
14,588
House of Vic Lyn
-
McClay Foundation
-
Rank Foundation
-
St James
-
Other Trusts & charitable foundations
-
14,588
**7. Support Group Income**
**Unrestricted**
**funds**
**£**
Support Group income
-
**8. Other Income**
**Unrestricted**
**funds**
**£**
Recharges from Cancer Fund for
Children Ireland
154,981
Donations from Cancer Fund for
Children Ireland
130,000
DFC- Access to Work
4,086
Government CJRS
-
289,067
**9. Net Movement in funds**
Net movement in funds is stated after charging:
Depreciation of fixed assets
Employer pension costs
Auditors’ remuneration – audit services|**Restricted**
**funds**
**£**
90,253
96,301
27,701
23,153
349,879
10,000
-
10,000
50,000
34,000
15,000
-
706,287
**Restricted**
**funds**
**£**
-
**Restricted**
**funds**
**£**
-
-
-
-
-|**Total**
**2023**
**£**
90,253
96,301
27,701
23,153
349,879
10,000
14,588
10,000
50,000
34,000
15,000
-
720,875
**Total**
**2023**
**£**
-
**Total**
**2023**
**£**
154,981
130,000
4,086
-
289,067
**2023**
**£**
109,610
129,435
5,760|**Total**
**2022**
**Restated**
**£**
-
-
-
-
71,490
-
-
-
50,000
-
-
209,732|
|---|---|---|---|
||||331,222|
||||**Total**
**2022**
**£**|
||||31,569|
||||**Total**
**2022**
**£**
-
-
4,647
629|
||||5,276|
||||**2022**
**£**
107,078
104,877
5,760|
26
**THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **10. Support costs**
Within total expenditure, support costs are as follows:
|Salaries
Management & administration
Awareness raising
Establishment
Finance costs
Depreciation|**Income**
**Generation**
**£**
68,716
37,833
21,804
18,853
8,640
26,306
182,152|**Daisy**
**Lodge**
**£**
117,390
64,631
37,250
32,209
14,759
44,940
311,179|**Services**
**£**
100,212
55,172
31,799
27,492
12,599
38,364
265,638|**Total**
**2023**
**£**
286,318
157,636
90,853
78,554
35,998
109,610
758,969|**Total**
**2022**
**Restate**
**d**
**£**
184,591
42,724
59,132
91,303
28,757
109,610|
|---|---|---|---|---|---|
||||||513,588|
Support costs are not directly attributable to any single activity but provide the organisational infrastructure that enables the charitable activities to take place. Such costs are therefore apportioned to the activity cost categories above. Support costs have been apportioned according to the number of staff in each area.
|**11. Expenditure on income**
**generation**
Salaries and wages
Employer pension contributions
Training and recruitment
Ground rent and cleaning
Volunteering expenses
Insurances
Heat and light
Printing, postage and stationery
Telephone
School expenses
Staff meetings
Software subscriptions
Corporate expenses
Repairs and maintenance
Website costs and CRM
Communications and awareness
raising
Mortgage interest and bank charges
Global & UK challenge expenses
Collection box / buckets expenditure
Payroll giving expenses
Depreciation
Merchandising
Admin expenses
Cleaning
HR Expenditure
Unrealised currency gains/(losses)
Legal and professional
Miscellaneous expenses|**Unrestricted**
**funds**
**£**
494,635
32,359
6,612
8,178
2,947
3,419
3,612
16,775
5,227
3,922
5,944
40,494
8,768
43,963
42,212
28,732
8,640
46,469
2,476
10,602
26,306
10,908
4,488
3,113
5,194
51
2,877
11,510
880,433|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
**£**
494,635
32,359
6,612
8,178
2,947
3,419
3,612
16,775
5,227
3,922
5,944
40,494
8,768
43,963
42,212
28,732
8,640
46,469
2,476
10,602
26,306
10,908
4,488
3,113
5,194
51
2,877
11,510
880,433|**Total**
**2022**
**Restated**
**£**
477,995
27,268
2,800
8,182
6,240
3,214
2,801
11,031
4,773
2,604
649
6,368
22,801
32,022
30,687
17,072
7,477
27,261
1,828
-
27,841
21,876
825
4,005
3,782
13
1,606
34,470|
|---|---|---|---|---|
|||||787,491|
27
## **THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**12. Expenditure on charitable**
**activities: Daisy Lodge**
Salaries and wages
Employer pension contributions
Volunteering expenses
Mortgage interest and bank charges
Training and recruitment
Travel and outings
Motor expenses
Printing, postage and stationery
Repairs and maintenance
Telephone
Heat and light
Insurance
Miscellaneous expenses
Communications & awareness
raising
Website costs and CRM
Depreciation
Cleaning, hygiene & laundry
Narnia Garden Project
Narnia Log Cabin running costs
Food provision
Parental specialist
Other site expenses
HR Expenditure
Legal and professional|**Unrestricted**
**funds**
**£**
170,268
45,302
234
14,759
16,503
3,833
534
2,210
123,180
16,737
62,251
5,840
7,130
38,026
39,313
44,940
11,747
-
3,964
38,662
33,959
300
8,873
4,915
693,480|**Restricted**
**funds**
**£**
482,864
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9,357
-
-
-
-
-
-
492,221|**Total**
**2023**
**£**
653,132
45,302
234
14,759
16,503
3,833
534
2,210
123,180
16,737
62,251
5,840
7,130
38,026
39,313
44,940
11,747
9,357
3,964
38,662
33,959
300
8,873
4,915
1,185,701|**Total**
**2022**
**Restated**
**£**
477,856
48,243
322
13,228
4,954
7,323
2,651
8,332
106,733
16,694
43,737
5,687
11,258
27,443
4,844
49,257
11,768
22,114
2,577
13,042
16,044
-
6,692
2,841|
|---|---|---|---|---|
|||||903,640|
28
## **THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**13. Expenditure on charitable**
**activities: Services**
Salaries and wages
Employer pension contributions
Volunteer expenses
Heat and light
Telephone
Printing, postage and stationery
Travel and outings
Training and recruitment
Mortgage interest and bank charges
Communications and awareness
raising
Young Shoulders
Subscriptions
Website costs and CRM
Insurance
Appeals cost
Services resources and residentials
Sibling Support Programme –
activities
Repairs and maintenance
Depreciation
HR Expenditure
Cleaning
Community Services Sessional
Miscellaneous expenses
Legal and professional
**14. Governance costs**
Salaries and wages
Employer pension contributions
Legal and professional costs*
Auditors’ remuneration
Miscellaneous expenses||**Unrestricted**
**funds**
**£**
420,594
48,705
8,307
5,266
13,659
10,234
3,771
9,642
12,599
32,462
-
264
33,560
4,985
3,858
30,500
68,398
9,483
38,364
7, 575
4,540
7,616
3,836
4,196
782,414
**Unrestricted**
**funds**
**£**
43,152
3,069
-
5,760
-
51,981||**Restricted**
**funds**
**£**
306,292
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
306,292
**Restricted**
**funds**
**£**
-
-
-
-
-
-||**Total**
**2023**
**£**
726,886
48,705
8,307
5,266
13,659
10,234
3,771
9,642
12,599
32,462
-
264
33,560
4,985
3,858
30,500
68,398
9,483
38,364
7,575
4,540
7,616
3,836
4,196
1,088,706
**Total**
**2023**
**£**
43,152
3,069
-
5,760
-
51,981||**Total**
**2022**
**Restated**
**£**
476,915
29,366
1,110
3,017
5,756
5,034
1,844
3,015
8,052
21,057
2,097
795
2,949
3,462
5,083
19,192
6,293
2,838
29,983
4,073
4,313
-
9,705
1,729|
|---|---|---|---|---|---|---|---|---|
|||||||||647,678|
|||||||||**Total**
**2022**
**Restated**
**£**
61,362
4,400
-
5,760
270
71,792|
||||||||||
_*Legal and professional costs from 2022 were reallocated to support costs._
29
## **THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**15.**
**Tangible fixed assets**
**Land &**
**buildings**
**£**
**Cost**
At 1 April 2022
3,985,104
Additions
-
At 31 March 2023
3,985,104
**Depreciation**
At 1 April 2022
759,440
Charge for year
79,446
At 31 March 2023
838,886
**Net Book Value**
At 31 March 2023
3,146,218
At 31 March 2022
3,225,664
**16. Debtors**
Accrued income
Prepayments
Cancer Fund for Children Ireland (CFFC ROI) (note 30)
**18. Creditors amounts falling due within one year**
Bank loans
Trade creditors
Other loans
Other tax and social security
Other creditors and accruals
Deferred income
**17. Cash at bank, on deposit and in hand**
Cash at bank and hand|**Furniture**
**&**
**equipment**
**£**
576,448
28,039||**Motor**
**vehicles**
**£**
68,673
-
68,673
68,673
-
68,673
-
-
**2023**
**£**
17,988
13,782
287,313
319,083
**2023**
**£**
199,320
40,877
50,000
42,968
57,458
247,750
635,373
**2023**
**£**
1,314,814
1,314,814|**Total**
**£**
4,563,807
28,039|
|---|---|---|---|---|
||604,487|||4,658,264|
||487,503
30,164|||1,208,477
109,610|
||517,667|||1,425,226|
||86,820|||3,233,038|
||88,945|||3,314,609|
|||||**2022**
**£**
72,115
68,189
36,037|
|||||176,341|
|||||**2022**
**£**
1,420,712|
|||||1,420,712|
|||||**2022**
**Restated**
**£**
200,206
62,992
50,000
31,565
15,828
117,491|
|||||478,082|
30
## **THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**19. Creditors amounts falling due after more than one year**
Other loans
Bank loans
**Analysis of maturity of debt:**
Within one year or on demand
Between two and five years
After five years|**2023**
**£**
550,000
254,144
804,144
249,320
454,144
350,000
1,053,464|**2022**
**£**
600,000
413,200|
|---|---|---|
|||1,013,200|
|||250,206
613,200
400,000|
|||1,263,406|
Bank loans are secured by a legal mortgage over property at Unit 2 Curlew Pavilion, Portside Business Park, Belfast and a legal charge over property at Daisy Lodge, 124a Bryansford Road, Newcastle, Co. Down.
|**20. Staff costs**
Wages and salaries
Employer’s National Insurance
Employer’s pension costs|**2023**
**£**
1,721,087
167,841
129,435
2,018,363|**2022**
**£**
1,372,157
124,754
104,877|
|---|---|---|
|||1,601,788|
There was one employee with emoluments between £60,000 and £70,000 (2022: nil), none between £70,000 and £80,000 (2022: nil), and none between £80,000 and £90,000 (2022: nil).
The key management personnel of the charity, comprise the trustees and the executive leadership team. The total employee benefits of the key management personnel of the charity were £356,790 (2022: £325,680).
The average monthly number of employees for the year was as follows:
|Daisy Lodge
Income generation
Services
Governance and support
Daisy Lodge
Income generation
Services
Governance and support|**2023**
Full Time
No.
9
13
16
6
44
Part Time
No.
16
5
9
1
31|**2022**
Full Time
No.
12
10
11
8|
|---|---|---|
|||41|
|||Part Time
No.
16
12
1
-|
|||19|
31
**THE CANCER FUND FOR CHILDREN**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **21. Operating lease commitments**
At the reporting date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Within two to five years
|**2023**
**£**
10,589
3,775
14,365|**2022**
**£**
16,092
14,185|
|---|---|---|
|||30,277|
## **22. Taxation**
No corporation tax was provided for in 2023 because the income of the charity was within the exemption granted by Sections 466 to 493 of the Corporation Tax Act (CTA 2010).
## **23. Trustees remuneration**
- During the year ended 31 March 2023, no Trustees received any remuneration or other benefits (2022: £NIL). During the year ended 31 March 2023, no Trustee expenses have been incurred (2022: £NIL).
## **24. Company limited by Guarantee**
The company is limited by guarantee. The liability of each member is limited to £1 each.
## **25. Gifts in Kind**
|**Income category:**
**Source**
Gifts in kind
H&J Martin
Gifts in kind
Microsoft
Gifts in kind
Nitec
Gifts in kind
URL Results
Gifts in kind
KM Hygiene
Gifts in kind
Kingspan Water & Energy
Gifts in kind
CHAMP
Gifts in kind
Briefed
Gifts in kind
KCC
Gifts in kind
Lighton
Gifts in kind
Mivan
Gifts in kind
LRC Fire Safety Group
Gifts in kind
MCA
Gifts in kind
Taylor Group
Gifts in kind
Housekeepers & Go Getters
Gifts in kind
Stephen Synott
Gifts in kind
Mercury Security
Gifts in kind
Titan AC
Gifts in kind
Carbrooke meats
Gifts in kind
Finnebrogue
Gifts in kind
Morrellis Ice cream
Gifts in kind
Ristretto coffee
Gifts in kind
Hovis
Gifts in kind
McPolin eggs
Gifts in kind
Moypark
Gifts in kind
Cresbol = 10
**Expense category**
**Subcategory**
Repairs and maintenance
Administration and IT
Repairs and maintenance
Daisy Lodge
Legal and professional
HR Expenditure
Miscellaneous expenses
Website Maintenance
Food provision
Food provision|**SOFA**
**Balance**
**Sheet**
**Total**
**£**
**£**
**£**
37,733
-
37,733
19,068
-
19,068
8,025
-
8,025
1,455
-
1,455
396
-
396
5,069
-
5,069
60,000
-
60,000
480
-
480
45
-
45
701
-
701
1,353
-
1,353
624
-
624
120
-
120
100
-
100
56
-
56
750
-
750
990
-
990
900
-
900
2,881
-
2,881
1,280
-
1,280
2,990
-
2,990
900
-
900
3,600
-
3,600
1,750
-
1,750
1,500
-
1,500
2,320
-
2,320|
|---|---|
||155,086
-
155,086|
||87,093
-
87,093
48,587
-
48,587
730
-
730
1,455
-
1,455
17,221
-
17,221|
||155,086
-
155,086|
**THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **26. Statement of funds 2023**
||**At 31**||||||
|---|---|---|---|---|---|---|
||**March 2022**||||**Other**|**At 31**|
||**(Restated)**|**Income**|**Expenditure**|**Transfers**|**gains**|**March 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**Unrestricted reserve**|3,371,419|2,498,048|(2,408,308)|(66,763)|-|3,394,396|
|**Restricted reserve**|||||||
|Big Lottery DL|-|96,301|(96,301)|-|-|-|
|Big Lottery Rise|-|90,253|(101,377)|11,124|-|-|
|Children in Need|-|27,701|(38,218)|10,517|-|-|
|Clic Sargent|-|23,153|(40,130)|16,977|-|-|
|Community Foundation NI|-|349,879|(331,964)|-|-|17,915|
|Community Services*|13,779|-|(13,779)|-|-|-|
|Daisy Lodge|41,430|1,250|(42,680)|-|-|-|
|Co-Op Grant|-|10,000|(10,000)|-|-|-|
|Daisy Lodge Capital**|4,473|50,000|(53,956)|-|-|517|
|House of Vic Lyn|-|10,000|(10,000)|-|-|-|
|Rank Foundation|-|34,000|(16,963)|-|-|17,037|
|St James|-|15,000|(43,145)|28,145|-|-|
||59,682|707,537|(798,513)|66,763|-|35,469|
||||||||
|Total funds|3,431,101|3,205,585|(3,206,821)|-|-|3,429,865|
|**Statement of funds 2022 (Restated)**|||||||
||**At 31**||||||
||**March**||||**Other**|
**At 31**|
||**2021**|**Income**
**Expenditure**||**Transfers**|**gains**|
**March 2022**|
||**£**|**£**|**£**|**£**|**£**|
**£**|
|**Unrestricted reserve**|3,142,147|2,303,375|(2,074,103)|-|-|3,371,419|
|**Restricted reserve**|||||||
|Community Services*|13,779|71,490|(71,490)|-|-|
13,779|
|Daisy Lodge|41,430|-|-|-|-|
41,430|
|Daisy Lodge Capital**|4,473|50,000|(50,000)|-|-|
4,473|
|Trusts and Charitable|||||||
|Foundations|-|209,732|(209,732)|-|-|-|
||59,682|336,498|(331,222)|-|-|59,682|
||||||||
|Total funds|3,201,829|2,634,597|(2,405,325)|-|-|3,431,101|
_*Community Services_ relates to monies received to fund residential youth and family activities.
_**Daisy Lodge Capital_ relates to funds received for the re-development of Shimna Valley House. The transfers above relate to the release of restricted funds in line with the construction, operation and financing of Daisy Lodge. To assist with the repayment of loans relating to the construction of Daisy Lodge, the McClay Foundation has arranged to donate £50,000 per annum over 10 years starting in 2015.
33
## **THE CANCER FUND FOR CHILDREN**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**27. Analysis of assets between funds**
**Fixed assets**
**£**
**Unrestricted reserve**
3,233,038
**Restricted reserve**
-
3,233,038|**Current assets/**
**liabilities**
**£**
965,502
35,469
1,000,377|**Creditors**
**> 1year**
**£**
(804,144)
-
(804,144)|**Total**
**£**
3,394,396
35,469
3,429,865|
|---|---|---|---|
## **28. Capital Commitments**
There are no capital commitments at the year-end (2022: £NIL).
## **29. Cash generated from operations**
|**Cash generated from operations**
Net income
**Adjustments for:**
Finance costs
Investment income
Depreciation net of disposal
**Movements in working capital:**
(Increase)/Decrease in stocks
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
**Cash generated from operations**|**2023**
**£**
(1,236)
33,490
(4,892)
109,610
8,274
(142,742)
158,177
160,681|**2022**
**Restated**
**£**
229,272
22,501
(462)
107,181
(3,293)
90,919
125,691|
|---|---|---|
|||389,971|
## **30. Related Party Transactions**
Cancer Fund for Children (CFFC NI) and Cancer Fund for Children Ireland (CFFC ROI) are related companies that share a common board. The directors have no beneficial interest in either of the companies and receive no remuneration.
During the year related party transactions were incurred in relation to the provision of administrative and management support to CFFC ROI of £154,981(2022: £Nil). Invoices and expenses were paid in 2022/23 by CFFC NI for CFFC ROI of £222,888 (2022: £36,551).
During the year CFFC ROI made a charitable donation to CFFC NI of £130,000 (2022: €Nil).
Balances at year end represent amounts payable from CFFC ROI. At the year end the following amounts were outstanding:
|Due from Cancer Fund for Children Ireland (CFFC ROI)|**2023**
**£**
287,313
287,313|**2022**
**Restated**
**£**
36,037|
|---|---|---|
|||36,037|
34
**THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **31. Prior year restatement**
|**Reconciliation of funds**
**Unrestricted**
**£**
Funds as previously reported
3,488,910
Adjustments arising from overstatement of
income
(117,491)
Funds reported
3,371,419
**Reconciliation of movement in funds for the**
**financial period**
**Unrestricted**
**£**
Net movement in funds as previously
reported
346,763
Adjustments arising from overstatement of
income
(117,491)
Surplus reported
229,272|**Restricted**
**£**
59,682
-
59,682
**Restricted**
**£**
-
-
-|**2022**
**£**
3,548,592
(117,491)|
|---|---|---|
|||3,431,101|
|||**2022**
**£**
346,763
(117,491)|
|||229,272|
The accounts include a prior year restatement due to income being overstated by £117,491 in 2022. This should have been included as a creditor in deferred income.
35
## **THE CANCER FUND FOR CHILDREN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **32: Prior year Statement of Financial Activities (Restated)**
|**Income and Endowments**
Income from generated funds:
Donations & legacies
Activities for generating funds
Income from investments
Income from charitable activities
Support Group income
Other income
**Total income and endowments**
**Expenditure**
Expenditure on raising funds
Expenditure on charitable activities:
Daisy Lodge
Services
Governance costs
**Total Expenditure**
**Net Income/(Expenditure)**
**Transfer between funds**
**Funds balance brought forward at**
**1 April 2021**
**Funds balance carried forward at**
**31 March 2022**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2022**
**Total**
**2021**
£
£
£
£
1,684,201
-
1,684,201
1,356,866
587,143
-
587,143
88,262
462
-
462
564
-
331,222
331,222
386,544
31,569
-
31,569
35,523
-
5,276
5,276
1,439,395|
|---|---|
||2,303,375
336,498
2,639,873
3,307,154|
||787,491
-
787,491
565,801
863,208
40,432
903,640
729,397
351,612
296,066
647,678
542,712
71,792
-
71,792
64,502|
||2,074,103
336,498
2,410,601
1,902,412|
||229,272
-
229,272
1,404,742
-
-
-
-
3,142,147
59,682
3,201,829
1,797,087|
||3,371,419
59,682
3,431,101
3,201,829|
## **33: Post balance sheet events**
There were no significant post balance sheet events which require disclosure in the financial statements.
## **34: Approval of financial statements**
The financial statements were approved by the trustees on 27th November 2023.
36