CovanughKelly" Compww Reglstratlon Ilumber: N1070807 Charlty Reglstratlon Numb•r: 101272 Charl$ Cancer Care Ltd (Charltsl)le Company Llmlted by Guarantee) Annual Report and Audlted Anandal Ststements For the year ended 31 October 2020 llll JA6QNC14C' 1610612021 COMPANIES HOUSE JNI
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Page General Inforniatlon Dlrectors. Report Independent Altrfs Rw( conlIdated Statement of Rnandal Actlvltles Consolldated Statement of Flnanclal Posltlon io Company Statement of FInda1 Posltlon li Consolldated Statement of.cash Hows 12 Notes to the Flnandal Statements 13-27 C•v•naghK¢llvr Chartered Ac¢ountants & Statutory Audltors Page I
rCareL Jarlath Conway Stevert Dr Ben Glanry Thomas Dlamond Klrsty Mcmanus Maryaret McAte Davld Henry Peter Stafford Profe550r Marfe Loulse McHugh James Cassldy (Appo5nted 25 February 2020) Rolsln Toner (Appolnted 17 August 2020) Reglstered Offlce 163 Lou9h Fea Road Ballybrdst Cookstown Co. Tyrone BT80 9TU Company Reglstratlon Number N1070807 Charlty Re9lstratlon Nufflber 101272 Independent Audltors CavanoghKelly Chartered Accountants and Statiitory Audlto 36 - 38 Northland Row Dungannon Co. Tyrone BT716AP Soll¢ltors P.A. Duffy & Co 27-29 Broad St herafelt Co. Londondeny BT45 6E8 Bankers Bank of Ird• Market Street Magherafelt Co. Londondwry BT45 6EE CavanaghKelly• Chartered Accountants & Statutory Audltors Page 2
Char om ECTO 'REP RT The Dlrectors. who are the trustees for the purpose of tharlty law, have pleasure In presentlng thelr report and the audlted flnandal statements of the charltable company for the year ended 31 October 2020. The flnanclal statements have been wepared In accordance wlth the Statement of Recommended Practlce °Accountlng atMI Reportlng by Charltles" (FRS 102). Unlted Klngdorn Generally Accepted Accountlng Prartlce and the Companles Art 2006. R•ference and Admlnlstratlon Detalls The reference and admlnlstratlon detalls of the dMrltable company are a5 shown on page 2. The Chlef Executlve was resporffjlble fw the supervlslon of the day-ttrday operatlons of the charltable compmry through(MJt the year. Objectives and Actlvitles The maln fiJnctlon of the charlty Is to provlde compllmentary canr treatments to the people of Northern Ireland. These semces are provlded free and Indude famllles of people affected by cancer. Charfs Cancer Care Ltd vMrks In conjuncilon wlth dlnlcal treatments for and our comfortable treatrnent n)oms are purpose-de51gned for the dellvery of complementary theraples by tralned pract1il0ne free of charge. Indlvldual and group theraples are avallable. Treatments provlded to Cancer Care Patlents Indude massage. relaxatlon aromatherapyi reflexology. yoga. finandal plannlng and dletary 5upp(xL Publle Benefit Statement The D1CtorS of Charls Cancer Care Ltd conflnn that they have complled wlth thelr duty under settlon 4(6) of the Chadtles Act (Northern Ireland) 2008 to have regard to the Chartty Comm15slon for Northern Treland's guldance on publlc benefit and that the publlc beneflt requlrement has Infomied the actlvltles of the tharftable company In the year ended 31 October 2020. A¢hl•vements and Perfonnance The Board of DIreCto are confident the chaTIty contlnues to meet Its perfomiance objectlves and Contlnues to re¢elve excellent feedback from dlents. The centre provldes a hlgh quallty seThlce to dlents from all over Northem IrelarKI. Durfng the year ended 31 Ortober 2020. 750 new dlents avalled of the sen•kes provkled by the Chaflty. Ixlnglng the total number of dlents asslsted to date to 8,825 (2019: 8,075). Flnanclal Revlew Flnanclal Perforniance The flnanclal perfomiance was ln Ilne wlth Dlrectors. expectatloTrs. The charltable group remalns In a sound flnanclal posltlon at the year end. The results for the year are set out In detalls on pages 9 to 19. The grtwp had net Incomlng resource5 for the year of £241.204 (2019 - £36.208). At 31 October 2020. the total fund5 of the group amounted to £1.261,763 (2019: £,1,020,599). The total charlty funds amounted to £1.203,6 {2019 - £976.179). Pdnclpal sources of fundlng and how thls has supported the key obJertlve5 of the charity are dlsclosed In the notes to the flnandal statemen CavanaghKelly• Chartved Accountants & Ststutory Audltors Page 3
Char15 Chari EP RT for Flnan¢lal Revlew (Contlnued) Reserves Pollcy Durfng the year. the Bowd of Dlrectar5 Implemented two addltlonal fvnds to the chwitys uvirestrltted funlts to help control and monltor eleryday ntnnlng costs as well as for future capltal projerts. Thls seen the Implementatlon of a Capltal Fund and a Deslgnated Fund as noted below. Unrestrf¢ted Funds: Capital Fund$ - Fund5 eannorked for future capltal project5 to asslst with the expanslon of the charlty. Suth capltal projects are currenlty belng researched by the Board of Dlrertors. Deslgnated Funds - Monles vihlch have been Set a51de to cover costs should there be a slgnlflcant and unf¢>re5een reductlm In fundlng. General Fund5 Fund5 whlch are expendable at the d15cfEtlon of the Dlrertors In furtherance of the objectlves of the tharfty. Restrkted Funds - Income recelved for spedflc wrposes. Suth purp05e5 are wlthln the overall alm5 of the tharity. Stru¢turei Governance and Management OryJnlsatlon•l Structure The charftable company 15 a company Ilmlted by guardntee. not havlng a share capltal. The charttable company wa5 establlshed under a Mernorandum of Assodatlon whlch establlshed the objects and powers of the charttable company and Is governed under Its Artlcles of A550clatlon. In accordance wlth the Artldes of A550datlon, the member5 to retlre by rotatlon shall be those who have been longest In Offi SI thelr last elettlon. and the relevant motlon wlll be put at the Annual General Meetlng. A retlrlng member shall be ellglble for re-ele£tlon. The charftable company Is govemed by the Board of Trnstees. None of the Trustees have any beneficlal Interest In the charftable company. Any person 1¥15hlng to become a dlrector must appty In wrltlng prlor to the annual generdl meetlng. A vote ts taken at the annual genernl meetlng as to whether that person Is appolnted. Dlrecto The Dlrertor5 durlng the year are the same a5 the Dlrector5 as listed on page 2. Toxatlon Status The charfjtable company Is recognlsed as a d)arfty by HM Revenue & Customs. Accordlnglyi the tharftable Company has avalled of the exemptlms contalned In Chapter 3 Part 11 Corporatlon Taxes Art 2010 and Sectlon 250 Taxatlorb of Chargeable Galns Art 1992. C•vanaghKelly• Chart•red Accountants & Statutory Audltors Page 4
Dlr¢ctor4' Re9POMlbllhle# The DlrtCt0 are rysponslble fc¢ prepartng the Dlrnrtorf Report and the nnandal statements In accordance vlth aPIcable law and Unlted Klngdrrfn Ar£wntlng Stsndards (Unlted Klngdom GeneRIty Actepted knjwntlng Prth). Company law the (XrecM to prepare fimndal Statements for ea(h Ilnandal year. whlch glve a tNe and falr vlew of the state < affalr5 af the tharftable company and of the Ineornlng resources and appllCall of resources. IndudYJ the Inccffie and expendlturn, of the tharltable company for th•t pthd. In weFIj these finarKlal statements. the Inee$ ar• requlr•d lo: . selett suliable acwirdlng po11th5 hnd apply them conslstenllyi - observe the rnethods and prlndples In the Qwltles SORP (FRS102): - make Judgements and e5Um4t¢s that aR reasonable and prutht: - stste whether appllcable UK Accounlln9 SiandaFds have been followed. subject to •ny fflaterlal departwes dlsd05ed and explalned In th8 Ilnanclal ststvnents. aThl - prepare the flnandal statemenls ¢Jn the golng concern basls unless Itls Inapprnprlate to presume that the tharfkble cyjmpany wlll CtInUe In opernllon. reaSthb[Q accurary at any tlme the flnandal prAltlon of the thèrltsble ciynpany and enable Ihem to ensure Ihat th¢ flnandal Sfatwnwts (vmply the Ccmpanles 21)D& They are also respble for safeguardlng assets of the charftable company and hence for tsklrKJ rea50nabl8 5tep5 for the preventlon and detectlon c frnud and othw IrregaU•. statem•rt of Olsdogure of Znformatlon to Audltor In $0 far as the Dlrectors. hdd Office at the d• ol approval ftnanclal statemwts. aro aware: - thwe Is no relevant audlt Inf¢xm#loft of whith the dwrltable cfjrnpanVs audltor Is unavrnre: and - the Dlrectors have tèkn all steps thèt they ought to have taken to make then1ve5 aware of any rejevant audlt Inftymatlon and to establlsh that the alItOr Is aware of that Inforniatlon. StMII Companleg Ex•mptlon Thls rem Is wepared In aco)rdance wlth the spedal rddtlng to Gmam companles vAthln Part 15 rfthe Cornpanles Art 200& Th15 14Wt was approwd ty the aoard of Ollect$ •)n 22 Felxuary 2021 Wgned •n Its behall Reglstered offlc•i 163 iwgh Fea Road Ballybytlst Cookstown Mar9a Dlrnctor Jame• CaldY Dlr•ctor CavanaBhK•Uy• Ch•rt•r•d A(¢•unlants & Statutory Audftorn Page 5
haris Cance Char bl Lt UD EPO 202 Oplnlon We have audlted the finandal 5tatwnents of Charls Cancer Care Ltd ('the charltable companv) for the year ended 31 Ortober 2020 whlch cornprlse the Statement of Flnanclol Actlvltles, the Statement of Flnandal Posltlon, the Statement of Cash Flows and the related notes to the financlal statements. Indudlng a summary of gnIficant accountlng polldes. The flnandal reportlng framework that has been applled In thelr preparatlon Is appllcable law and Unlted Klngdom Accountln9 Standards. Includln9 FRS 102 "The Flnandal Reporting Standard appllcable In the UK and Republlc of Ireland" {Unlted Klngdom Generally Accepted Accountlng Prnctlce). Th15 report Is made solely to the charftable compan5 DITectors, as a bodyi In accordance wlth Chapter 3 of Port 16 of the Companle5 Act 2(106. Our audlt work has been undertaken so that we mlght state to the charitable company s Olrertors those matters we are requlred to state to them In an auditorfs report and for no (ther purpose. To the fvllest extent permltted by law, we do not accept or assume respmslbllity to anyone other than the thafltable company and the charitable tompanvs Dlrector5 as a body. for our aKIIt work, for thls report. or for the oplnlons we have formed. In our oplnlon the flnandal statements: give a true and falr vlew of the state of the tharltable companvs affalrs as at 31 OLtober 2020 and of Ifs total Incomlng resources and expendlture of resources, Indudlng Its Income and expendlture, for the year then ended. have been properly prepared In accordance wlth Unlted Klngdom Genernlly Accepted Accountlng Prartlce. and have been prepared In accordance wlth the requlrements of the Ctynpanles Act 2006. Basls for oplnlon We conducted our audlt In accordart wlth Internatl(al Stsndarts on Audltlng (UK) (ISAS (UK)) and appllcable law. Our responslbllltles under those standards are further descrbbed In the Audltorfs responslblllties for the audlt of the firnanclal statements SeCtk of our report. We are Independent of the company In accordance wlth ethlcal UIrernents that are relevant to our audlt of the finandal statements In the UK, Indudlng the FRC'S Ethlcal Standard, and we have fulfllled our other ethlcal responslbllltles In accordance wlth these fEqulrernents. We belleve that the avdlt evldence we have obtalned Is sufficlent and appropriate to provlde a basls for our oplnlon. Concluslons relatlng to goln9 ¢oncem We have nothlng to report In respert of the followlng matter5 In relatlon to whlch ISAS {UK} requlre us to report to you where: the dlrectors. use of the g¢lng conrn ba515 of accountlng In the preparatlon of the flnandal statements Is not approprlate" or the dlrertors have not d15d05ed In the flnandal statements any Identlfied materlal uncertalntles that may cast slgnlfkant doubt about the charltable companrfs ablllty to contlnue to adopt the golng concern basls of actountlng for a perlod of at least twelve months from the date when the finandal statements are authortsed for Issue. CavanaghKelly* Chartered Accountants & Statstory Audltors Page 6
Is
rca
DEPE
DEN
UD
ORS.
other ln10mlon
The d1ctOrS are responsible for the other Infonnatlon. The other Informatlon compdses the
Infomiatlon Included In the Dlrectorg Report. other than the finandal Statements and our Audltovs
Report thereon. Our oplnlon on the nnandal statements doe5 not cover the other Informatlon and,
except to the extent otherwlse expllciuy stated In our repo¢ we <10 rrt express any fomi of
assuran concluslon thereon.
In connertlm wlth (w audlt of the floandal statements. our responslblllty Is to read the other
Informatlon and. In dolng so, conslder whether the other Informatlon Is materlally Inconslstent wlth
the flnanclal statements or our knowledge obtslned In the audlt. or othen¥lse appears to be
materfally mlsstated. If we Identlfy such materlal Inconslstendes or apparent matwlal
m155tatements, we are requlred to determlne whether there Is a materlal mlsstatement In the
Itnanclal statements or a materlal mlsstatement of the
R•sponslbllllles ol Dlrnrtors (Contlnu•d) Jn weparfng the flnandal statements. the dlrectors ore responslble for assessIn9 the companys ablllty to conttnue as a golng concern. dlsdoslng. as appllcable. matters related to golng concem and uslng the golng nCern IMsls of accountlng unless the dlrtttors esther Intends to Ilquldate the tharftable company or to cease opefatlons, or has no r&IstIC alternatlve but to do $0. Audltorf8 v•spon•lbOlltle• for the •tsdlt •lth• Ilnanclal Jtatsments Our objectlves are to obtaln reasonable assuran about whether the flnandal statements as a whole are free from matertal mlsstatement. whether due lo fraud or errori and to Issue an Audltorfs Repcrt that Indudes our oplnloTr. Reasonable assurance Is a hlgh level of assurance but Is not a guarantee that an audlt conducted In accorr1an wlth ISAS (UK) wlll always detert a materlal mlsstatement when It exlsts. MlsstatemEntS Lzn ar15e frDm fraud or error and are consldered mateflal Ir. Indlvldualty or In aggre9at< they could reosonably be expected to Influence the economk dedslons of users tsken on the basls of these Ilnandal statements. A further descrfptlon of our respoThslbnitles for the audlt of the financlal Statements Is located on the Flnandal Reportlng Coundl s webslte at YdWW.frGory.uklautthrespoftslbilltles. Thts descrlptlon foffl part of fr audltorfs report. Use ol our R•part Thls report Is made solely to the companys rnembws. as J bodyi In accordance wlth Chapter 3 ol Part 16 of the Companle5 Act 2006. Our audlt work ho5 been undertaken 50 that we mlght state to the cornpanvs mernbers th05e matter5 we are requlred to state to them In an audltorfs report and for no other purpose. To the fullest extent pernilited by law. we do not accept or assume re5ponslblllty to anyone other than the company and the c(¥ThpanVs members as o body. for our audlt work, for thls report. or for the oplnlon5 we have ftThed. Mr. Ryan Falls ACA (Senlor Strtutory Audltar) For and on behall ol CAVANAGHKELLY Chartered Accountants and StstsJ Aud5 36 - 38 Northland Row Dungannon Co, Trrone BT716AP Date: 22 February Z021 CavanaghK•lly, Chartered Acwntants & Statutory Audltora Page 8
2019 Don$arrt lo9ades IPth31 lJthertThdkig me{l**JI 31 270.508 1.722 GranEifKI IXAgJ 4OlJ71 SYY.611 471,070 11$ 51 13.$251 (2Y417$1 io (JX41?J <369.8> 127 (507.2P81 (332m 6V7• 172.72S (34208) Jts532 ISOMO 5A4.751 40273 lJJ56.767 (311532) Ir•J.r 140273) 839.030 ILn5 26L763 Paye 9
Ch 2020 2019 Flxed Assets Pr(yerty, Plant and Equlpmu Investsments 44864 108,042 441864 108,042 Curr•nt Assets Recelvables Cash am Cash Equlvalents io 9,711 825 109 834.820 9.327 919 141 928,468 Py•bles• amounts falllng dua wlthln on¢ year li {15.921) (15,951) Net Currnnt Assets 81899 912.517 Net Assets 1 261 763 1020 $59 Represented byi Unre5trlrted Fund5: Capltal Funds Deslgnated Funds General Funds Restrlcted Funds Totsl FndS 315.532 150.OIXI 514,754 250000 839,038 13 13 1 261 763 1020559. These flnanclal statements have been prepared In accordance wlth the 0¥0510Th5 applkable to small companles. reglme wlthln Part 15 of the Companl¢s Att 2QO6. The notes on pages 11 to 19 foTrn an Intojral part of the finondal statements. These finandal ststements were apwoved and autIwj for Issue by the Board of Olrector5 on 22 February ZOZI arKI sEgned on thelr behalf by: Margaret McAt¢er Dlrector m¢$ C•ssldy CavanaghK¢llyi CIArt¢rqd Accounlants & St•t4tory Audltors Page 10
2020 2019 Flxed Asset¥ Property. Plant arrfl EquIpmt Invesknents 427.884 108.042 427.885 108.043 Recelvables Cash and Cash Equfvalents io 18,551 769 303 787,854 66,342 814 943 881.285 PayablesD amountg falllng du• wlthln one year li (11089) (13.149) Net Clwrnnt Agsets 775.765 868.136 N•t Ass•ts 1 203 650 976 179 R•presented by: Unrestrl<led Funds: Capltal Funds Deslgnated Funds General Funds Re5trtrted Funds Total Fuadg 315.532 150.000 470,374 250,01)0 780.925 172 725 1 203 650 13 13 13 976 179 These Ilnandal *aternents have bwi prepared kn accwdance wlth the wovlslon5 appllcable to small companlw reglme wFthln Part 15 af the Companles Att 21YJ6. The nates on pages 11 to'19 form an Integrnl part of the IlTrJnclal statemen These Ilftanclal ststements hTre approved and auth for Issue by the Boar(S of Olrectors on 22 FebNa 2021 and slgned on thelr bthalf by: Maryaret Dlrector ¢Ateer J•meg Cassldy CavanaghKelly. Chart¢Md Aruuntsnts & Statirtory Audltorn Page 11
able Co Ll rant ED 2020 2019 Cash flows from operating a¢l•vitles Surplu51(Deflclt) for the year 241,204 (36,208) Adjustments for: Depreclation Amort15atlon of government grants Profit on dlsposal of freehold woperty 9.8Z9 7.000 (1,000) 542 250.491 (30.208) Movements In worklng capital: Movement In recelvable5 Movement In payables (3,978) 798 (414) Net $h generated from operatlng activitles 250,077 {28,764) Cash flows from Investlng activities Payments to acqulre property. plant and equlprnent Recelpts from d15P¢)5a15 of property• plant and eoulpmeTrt {344.651} (11,025) 542 Net Increase/(decrease) In Cash and ush equlvalents (94.032) (39.789) Cash and cash equlval¢nts at beglnnlng of flnan¢lal year 919.141 958.930 Cash and Cash equlvalents at end of flnandal year 825.109 919.141 Cash and ¢ash equlvalents constst of: 2020 2019 Cash at bank and In hand 825.109 919.141 CavanaghKellyi Chartered Accountants & Statutory Audltors Page 12
Charis Cancer Care L NA I. GENERAL INFORMATION Charis Cancer Care Ltd 15 a charltsble company Ilryted by guarnntee Incorporated In Northem Ireland. In the event of the tharitable company beln9 wound up. the Ilablllty In respert of the guarantee Is 1Smlted to £1 per mernber of the dwrftable company. The address of the reg15tered offlce Is as shown on page 2. The charltable company constitutes a publlc benefit ty as deflrd by FRS 102. 2. ACCOUNTING POUCXES The followlng accountlng pollcles have been applled conslstently In deallng wlth liems whltt• are consldered materfal In relatlon to the charftable cornpany's finandal statements. 2.1 statement of Compliancq The finan(lal ststements have been prepared In accordan wlth Accountlng and Reportlng bv Charites: Statement of Recommended Prartlo (SORP) appllcable to charftle5 preparlng thelr flnanclal statements In accordance with the Ananclal Reportlng Standard appllcable In the UK and Republlc of Ireland {FRS 102) effertlve l January 2019 (Second Edltlon), the Flnanclal Reportlng Stsndard appllcable In the UTrlted Kln9dom and Republlc of frdand {FRS 102) and the Cornpanles ALt 2006. 2.2 Basls of Preparatlon The financial ststements are prepared on a gn9 concem bas1$ under the hlstorleal cost conventlon unless otherwlse stated In the relevant accountlng pollry. HlstoF1cal cost 15 generally based on the falr Val of the conlderatlon glven In exchange for assets. The lollowlng ccountlng policles have been applled cnnslstently In deallng trtlth Items whlch are consldered materlal In relatlon to the charftable company's Ilnanclal statemen 2.3 Group Hnanclal Stat¢m•nts The Ilnanclal statements consolldate the results of the drIty and Its subsldlaryi Frlends of Charfs Umlted. 2.4 Income and Endowments (i) Donation$ and Legacles Donatlons and Legw Income Indudes gffts. flonatlons and grdnts and Is recognlsed In full In the Statement of Fjnandal Actlvitles when eNIden to entltlement Is obtalned. CavanaghKelly• Chartered Accountants & Statutory Audltors Page 13
ble THE FXNANCIAL ded 31 Z ACCOUNTING POLICIES (Contlnued) 2.4 Income and Endowments {Contlnued) (il) other TA4%ng l•Kome Activlues for generatlng fvnds are commerclal actlvlt1¢5 whlch are rerywlsed as eamed when the lated goods ar servlces are provlded. (111) Commertlal Tradlng Income Tradln9 Income represents the Involced value of good5 5upplled durlng the year exdudlng value added tsx. Revenue Is recognlsed upon provlslm of the servtce to the $tomer. 15 Resources Expended expendltLwe Is recognlsed when a Ilabllity Is Incurred. Contractual arrdngements and perfonnance related grants are recognlsed as goods and semces are supplled. Where costs cannot be dlrertly attributed to a partlcvlar headlng they have been allocated to actlvltle5 On a basls conslstent wlth use of resources. Staff costs and ovethead expenses are allocated to actlvltles on the ba51$ of staff tlme spent on those activiues. (i) Charltsble Actlvltles Thls compromlses all the resources applied by the charlty In undertsklng Its work to meet Its charltable objertlves. Charitable artlvltles wlll Indude the costs of governance arrangements whlch relate to the general runnlng of the tharlty. 2.6 Fund A¢¢ountlng The charity has four types of fw)ds lor vthlth It Is responble at the year-end: Capital Funds - Funds earmarked for future capltal projects to asslst wlth the expanslon of the charity. Such capltal projects are currently beln9 researched by the Board of Dlrector5. Deslgnated Funds - Funds held In reserve to cover any future reductlons In fvndlng and allow the charlty to contlnue to rneet It oblSgatlons to Staff and tredltors. Unr•strlcted Funds Funds wNch are expendable at the dlscretlon of the Dlrertors In furtherance of the objectives of the drIty. Restrlcted Funds - Income recelved for spedfic purposes. Such purpose5 are wlthln the overall a1rn5 of the tharfty. CavanaghKelly• Chartered Ac¢ount•nts & Statutory Audltors Page 14
Charis Cancer Octo I ACCOU14TING POUCIES (Continued) 2.7 Property. Plant and Equlpment and Depredatlon All propeity. plant arnd equlpment are Inltlally recorded at cosL Cost Includes the orfglnal purchase pr1, costs dlrectly attributable to brfnglng the asset to Its worklng condltlon for Its Intended use. dlsmantllng al restorntlm costs and borrowlng costs capttallsed. Depreclatlon Is proveI at rates calculated to lte off the cost less resldual value of each asset over Its expected usefvl Ilfe. as follows: Land and Bulldlngs Office Equlpment rr Equlpment Fixtures and Rttlngs Motor Vehlcle5 2% Stralght Ilne 20% Stralght Ilne 25% Stralght Ilne 20% 5tralght Ilne 20% Stralght Ilne 2.8 Cash and Cash Eqthalents Cash and cash equivalents Indude5 cath In hand, deposits held at call wlth banks, other short- tenn hlghty Ilquld Investments with origlnol matvribes of three months or less. 2.9 Investments Investments In sub51dlarles are valued at C05t le55 provlslon for Impalmient. Income from Investrnents together wlth any related tax credlt Is recognlsed In the statement of financlal actlvltles In the year lfi whlch It Is recelvable. ZIO Trade and Other Rtrelvables Trade and other recelvables are Inltlally recorded at falr value and thereafter stated at cost less ImpaSnnent losses for bad and doubtful debts. 2.11 Trade and Other Payables Trade and other payables are Inltlally recognlsed at falr valu¢ and thereafter stated at cost. 2.12 TtIOn As a charlty, the tharltable company Is not Ilable to Corporntlon Tax. The tradlng subsldlary Is however Ilable to corporatlon ta Current tax represents the arnount expected to be pald or recovered In respert of taxable profits for the year and Is calwlated u51r¥J the tax rdtes and laws that have been enarted or substsntlally enacted at the Statement of Flftandal Posltlon date. CavanaghKelly* Chartered AcMuntants & Statutory Auditors Page 15
cer Care OTES TO THE FINANCIAL ATEMENT 020 Deferred tax Is recognlsed In respect of all tlmlng dlfferences that have orlglnated but not reversed at the ststement of financlal p051tlon date Ythere transartlons or events have occurred at that date thèt wlll result In an obllgatlon to pay more tax In the future. or a rfght to pay le55 tsx In the fvture. Tlmlng dlfferences are temporory dlfferences between the company's taxable profits and Its results as stated In the financlal staternents. Deferred tax Is measured on an undlscounted basls at the tax rates that are antlclpated to apply In the perlods In whlch the tlmlng dlffererKes are experted to reverse. based on tax rates and laws that have been enacted or 5ubstantlvely enacted by the statement of finandal po51t1 date. 2.13 Critlcal a¢¢ounting timat¢S and Judgements In the appllcatlon of the Charlty's accountlvry polldes, the Trustees are requlred to make Judgements. estlmates and assumptlons about the carrylng value of assets and Ilabllitles that are not readlly apparent from other souros. The estlmates and assodated as5umptlons are based o hlstorlcal experlence and other factors that are consldered to be relevant. Actual results may dlffer from these estlmates. The estlmates and undwlyln9 assumptlons are revlewed an 9ng basls. Revlslon5 to accountlng estlmates are recogn15ed In the perfod In whlth the estlmate Is revlsed where the revlslon affects only that period. or In the perl(Kl of the revlslon and future perlods where the revlslon affects both current and future peri¢)ds. Cntlcaljudgements In èpplylng the ent1$ accountlng pojlcles There are no critlcal 5udgements In applying the group's accountlng polkles. Crftlcal accountlnq estlmates and assumptlons There are no accountlng estlmates kn applylng the group 5 accwntln9 pollde& 114 Penslon and other post retlrement obllgatlons The charity operates a deflned contrfbutl¢)n pen51on schTh whlch Is a penslon plan under whlch flxed coTrtrfbutlons are pald Into a penslon fund and the charfty ha5 no legal or constrnrtlve obllgatlon to pay further contributlons even If the fund doe5 fKIt hold suffident assets to pay all employee5 the ber*fits Telatlng to employee Serv1 In the current or prfor perlods. Contrlbutlons to defined contrfLxklon plans are rec¢gnlsed In the Statement of Rnandal Actlvltles when they are dLte. If contrlbution payments exceed the ctrIbUtIOn due for the servtce. the ex55 Is recognlsed as a prepayment. 2.15 Flnandal Instruments (l) Flnandal a55ets Baslc nnanclal assets, Snclvdlng trade and other receSvables, cash and bank balan5 and amounts owed by related parues and are Inltlally recognlsed at trnnsactlon prlce, unle5$ the arrangement constitutes a finandng transartlon. where the tran&3Ction Is measured al the present value of the future recelpts dlscounted at a market rate of InterESt. Suth assets are subsequently carrled at amortlsed cost usln9 the effertlve Interest method. CavanaghKelly• CIHrtered Accountants & Statutory Audltors Page 16
arls Cancer Care Ltd Charitab Com STO the ear srATEME October 20 At the end of each reportlng perlod firwnclal assets measured at amortlsed cost are assessed for objectlve eVIden of Impalrment. If an asset Is Impalred the Impalrment loss Is the dlfference between the ¢aftng amount and the present value of the estlmated cash flows dlscounted at the asset's orfglnal effectlve Interest rate. The Impalrnt loss Is recognlsed In profit or loss. If there Is decrease In the I0rMEnt 1055 adslng fr<xn an event ocojrrlng after the Impalrment wa5 recognlsed, the Impalrment Is reverned. The reversal 15 suth that the current carrylng amount does not exceed vthat the carrySng amount would have been had the Impalrnient not prevlously been recognlsed. The Impalrnnt reveT5al Is recognlsed In profit or loss. Flnanclal assets are dwec¢Jgnlsed when {a) the contractual rhjhts to the cash flows from the asset explre or are settled, or (b) 5ubstantlally all the risks and rewards of the ownershlp of the asset are transferred to another party or (c) desplte havlng retalned some 51gnlAcant r15k5 and rewards of ownershlp, control of the asset has been transferred to another party wlio has the practlcal ablllty to unllaterally sell the asset to an unrel&ed thlrd party thout Imposlng addltlonal restrlrtlons. (11) Flnanclal Ilabllltles easlc financlal Ilabllitles, Indudiny trade and other payables. bank loan5 and ovenlrafts and amounts owed to related p4rtle5 a Inltlally recognlsed at transactlon prt, unless the arrangement con5titute5 a financlng tsansaction. where the debt Instrument Ss measured at the present value of the future recelpts d15counted at a market rate of Interest. Debt Instruments are Subsequently carrled at amort15ed cost, uslng the effective Interest rate method. Fees pald on the e5tabllshment of loan fadlitles a recogn15ed as transartlon costs of the loan to the extent that It 15 probable that some or all of the faclllty wlll be drawn down. In thls case. the fee Is deferred ¢ntii the draw-down occu. To the extent there 15 no evldence that It Is probable that some or all of the faclllty wlll be drawn down. the fee Is capltallsed as a preYrnent for Ilquldlty servlces ar amortlsed over the perfod of the fadllty to whlch It relates. Trade payables are obllgattons to pay for goods or 5er¥lce5 thot have be acqulred In the ordlnary course of bUneSS from suppllets. Attounts payable are dasslfied as current Ilabllltles If payment Is due wlthln one y or les5. If not. they are presented as nOn-rrent Ilabllltles. Trade payables are recognlsed Inltlally at transactlon prtce and subsequently measured at amortlsed cost uslng the elfective Intet method. Flnandal Ilabllltles are derecognlsed when the Ilablllty Is extlngulshed, that15 when the contractual obllgatlon Is dlscharged. cancelled or explres. (111) Offsetting Flnandal assets and Ilabllltles are offset. and the net amounts presented In the flnanclal statements when there15 a legally enforceable rlght to set off the recognlsed amounts ar there Is an Intentlon to settle on a net bas15 or to reallse the asset and settle the Ilabllity slfflultaneou51y. CavanaghKelly• Chartered Acutants & Statutory Audltovs Page 17
sca ter areL OTE the in 31 2.16 Exemptions under FRS 102 The charfty ha5 tsken advantage of the k4lowlng exemptlon: (i) From preparlng a cash flow statement. on the basls that It 15 a quallfylng entlty, and the car)lIdated statemert of cash flow Indudes the charlty's cash flows 2.17 ExemptloTrs under Companles Art 2006 The tharity has taken advantage of the lotlowlng exemptlon: (i) From preparfng a Statement of Flnanclal Artlbities on the basls that the Consolldated Statement of finanoal attlvitles Indudes the charfty's statement. CavanaghKelly• Chartered Account•nts & Statutory Audltors Page 18
TrAal ndS 2020 2020 1019 ant DonatK)riS F¢JndrJlslng- vrJliulWlrKwE ètyIRC Iyft IW.97P 85.301 180,977 85.302 190,069 77,$96 269.334 269A34 270.SU8 Total Totsi FuTrts 2019 BOO per6 and O)5 Pffjftt tsn dL%posal 150 2.250
J.fMcoMeAf4DB4DOWME14TS 2020 2020 2019 eank Int¢st R¢cae 1.7Z2 nts 2020 2019 fylnt rKelved the yw 176 2SD l76.Z50 17 176,25ft No grartkncomerecolbd kn theyreed 31 1019. Page 20
Th¢ tradlrJ gJb55dlary ofthe charfty b Mend5 ofQwts Lhrted. Tr ccfflparry IR.Nllrth2m Trand wlihln the united KlTrJdam I(rnY number N160570S). 163 Laugh Fea Road Bèlfybreist Cookstown 2019 Turnov 123,975 195.590 (.968? 174.9191 (58,378) 161587) (U,¢JQO) 160.2481 000 i.) 104 Admlnlrntlvt Expa Donthn to Cancer Car nan Income Thx on profitl(Ioss} Net Profitylloss) rJ3 114 Induded Frfends of fin•$ abfft a to C•w Cwe brtted of £15,(W 12019.. EfjO.2481. Th dttnauan Is for as Ir*m In the wlthln the Statement of FIMnd•l ActMYqs on ton50Jldakn under the SORP rffjuirts. Paue 20
& RESOURCES EXPENDED Tatsl Funds T•tsi Funds 20L9 Ch•rltablAtthltk& 7T.1 97.3ZI 7721 97H21 17B.S60 138.385 wge5 and $4larfes c0ntrfbUonS) FthidralslrHJ costs Inswrnnce Heat and 11ght 7.343 14.OS7 3.375 5.198 1.438 390 S1 1.115 5.661 t.115 Adver¥ng Repalr5 and mairtw ¢Jeanlnq Computer¢05ts Staff trzlnlThJ Subscrfptlor Tdephone and knterner Prfndng. Postage and strtry Audlt and accountarKy Le9al and profe5¥ty7 fees Consultancy 10.735 1274 10.735 1.274 IA96 100 95 4.261 6.352 3.5 2.804 2.308 1.266 750 io) 95 4,261 6.352 335 2.036 5,337 3,673 2.550 3.179 iii L20 3,753 242 3,X79 Bank thar9es Depredaty¢n 231650 234175 369.870 Expendknre on •XMtie5 In endEd 31 Octd>er 19 of É>6970 wa5 m>Je Of rwles frtm unr¢#rtrted kncome. Page 20
Ll IAL er 6. NET INCOMEI(EXPENDrruRE) FOR THE YEAR Net Incomel(expendlture)15 5tsted after tharglngl(creifltlrbg): 2020 2019 Depredatlon Audltorfs remuneratlon 9.367 4,934 7. AUDm>RS' REMUNERATION 2020 2019 Audltorfs remuneratlon - audlt servSces . STAFF cosrs AND EMPLOYEE OENEFITS The average number of persons employed by the charftable company durlng the year was 4 (2019: 6). The total staff costs and employee benefits ¥Yere as follows: 2019 2018 Gr05s wages and salarfes Employers natlonal Insuran conttlbutlon5 and penslon contrlbutlons 74.584 2&737 119.904 18,481 138 385 No employee of the charltable company recelved iotal employee benefits of more than £60,000. 8.1. DIRECTORS. REMUNERAnoN The Dlrectors recelved nor walved any remunerntlon or any other benefits durfng the year and no retmbutsements of expenses Incurred. CavanaghKelly* Chartered Accountants & Statutory Audltors Page 23
&762 39.745 27SM2 344,65l At 31 fKtooer 405.451 27.129 127JC6 36.545 603m3 At31 (wer2D19 ryE foryear ElNnre0 m rAspos5 6>19 16Y.40D 9J29 17 10022Y 432 I17 3A87 17 1&235 IllJJ14 3I OLttbEra)19 243 L73 10.197 IC4042 ¢MAATry At 31 OElrthr2019 1719 7$2 46.1 21745 553.877 At 31 Q¢tottr3J19 aryetrye¥ lnILEd on Af31 ¢J¢ipbw IQ24 19 i?W6 •).1 9.367 4m7 17A7 1.456 15.947 12S.593 At31 ¢knbtrX19 173 ID.197 LQU.D41 Pa9e 24
s Cancer Cart Ltd eco uarnnt NOTES TO T For the Yea ENTS 10. INVEsfMENTS Subsldlary Undertaklng Shareg At 31 Octobtr 2019 and 310(tober 2020 C•rry•ng amount At 31 October 2020 At 31 Ortober 2019 9.1 Holdlngs in subsldlary undertaklngs Name Company Reglstration Number N1605705 Detalls of Investment Propgrtlon held by Charlty Frlends of Charls Umlted Ordlnary 100 The aggregate amount of capltal and reserves and the results of these undertaklngs for the last relevant finaffldal year were as follows: Name Capltsl and ReseThes (£) 31 October 2020 58.114 Profit/(loss) (£) 13.733 Frlends of Charts Umlted 11. RECELVABLES Group 2020 Charity 2020 2019 2019 Trdde ReceIva¢S Amounts owed by group company Prepayments and accrued Income VAT 15,000 3.551 60,248 6,094 7,685 IL PAYABLES: Amounts falling due wlthln one year Group 2020 Charlty 2020 2019 2019 Trade Payables Soclal Securlty and other taxes Other Payables Accruals and Deferred Incoffle 4.962 4.251 1.778 1.615 5,279 1.092 3,832 3.327 1,615 3,427 142 CavanaghKelly¥ Chartered Accountants & Statutory Auditors Page 25
LTffl 13. Af4ALYSKS OF Funds GROUP 13eneral Rekted Yglal Total Funds Fund5 2020 2020 2020 2019 balance Net Incom1n(rIttyI res¢ures Transfer funds 315.532 150,W) 514,754 68.479 402n u120, In,725 241, I,0,?0? 136,208} 839.038 172.n5 261.763 1.020.559 2020 20 2019 Openlng balan Net 5ncomlnglloutOng) 315.532 470.374 54.746 40.2rJ 172.72S 97174 1,011,321 135,1421 Transfer b¢tyNeen fvr alng Blnt• 2SO.CbX¥ 780.925 In,n5 4X13.6S0 976,179 Pa9e 26
AM X120 2020 2019 255.160 537.854 In,725 427•5 787A$4 108.043 881.285 Current Assets Currert Uaknliues 976.179 P49e 27