Charity raglstration number NIC101345 (Northem Ireland) Company registratlon number N1616925 FRIENDS OF THE CANCER CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FRIENDS OF THE CANCER CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Patrons Mr John Daly Mr Eamonn Holmes Mr lain Henderson Mr Denis Moloney Diredors Mr B Cave Ms C Aiken Dr D Finnegan Prof S Jain Mr R Donnan Ms C Keenan Dr S Mo41eer Prof AAdair Mr P Mcmaw MrJ Rice Prof M Durkln MTBFee Mr D Cubbitt Dr C Forde Secretary Ms C Keenan Charity number NIC101345 Compeny number N1616925 Registered office N.1. Cancer Centre Belfast City Hospital Lisburn Road Belfast Co. Antrim BT9 7AB Auditor HM Chartered Accountants 6th Floor East Tower Lanyon Plaza 8 Lanyon Place Bélfast Co. Antrim BT13LP Bankers Ulster Bank Limited 11-16 Donegall squa East Belfast BT15UB Danske Bank Donegall Square West Belfast BT16JS
FRIENDS OF THE CANCER CENTRE CONTENTS Page Directors, rèport Statement of Dlrector8' re8ponslbiltti88 Independent auditorf8 report Statement of financial activities 10 ststement of financial position Statement of cash flowi 13 Notes to the financial statements 14-24
FRIENDS OF THE CANCER CENTRE DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Diredors present their annual report and financial statements for the year ended 31 Marth 2025. The financial slatements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Companies Act 2006 and "Accounting and Reporting by Charities.. statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing froTn 1 January 2016) Objèctlves and actlvbties The Charity operates in Northem Ireland and its objectives are to support patients and their farnilies by enhancing the quality of care they receive and conlribule to cancer care, treatment and research throughout Northem Ireland. Achievements and performance During the year funds amounting to £1,405,920 (2024.. £1,165,205) were used to contribute to reseah, patient comfort, Patient care and campaigns Ihroughout Northem Ireland. These break down as follows: Palrick G. Johnston Centre of Cancer Re8e8rch, Nl Cancer Centr8 Trials Grant Radiother8py, Physics Support Position 75V. Radiotherapy, Re8earch & Developrnent Radiographer 346,342 25,983 74,984 447,309 Patient Comfort Drinks Machines, Nl Cancer Centre Support for Breast Health & W811 Being Events Radiotherapy, Wall Vinyl for Treatment Area Ward 28, Nl Cancer Centre, Comfort Trolley Radiotherapy Dept Nl Cancer Centre, Tea & Coffee Dock Refreshments North West Cancer Centre SpeIn Suite, Tea & Coffee Dock Refreshments Teenage & Young Adults, Gifts & Resources Christmas Presents for Patients and Hampers for Staff Teenage & Young Adults, Christmas Vouchers, Nl Cancer Centre Physiotherapy Physical Activrty Referral Coach Social Work Grants, North West Cancer Centre Macmillan Support & Infomation Centre Group Programme Nl Cancer Centre, Ward 3A, Refreshments for Waiting Are8 Nl Cancer Centre, Bridgewater Suite, Refreshments for Patients Social Work Grants, Nl Cancer Centre Garden Materials, Nl Cancer Céntre and Macmillan Support & Infomiation Centre Radiotherapy Department NICC, Children's Activity Gifts Go Gold Events, Childhood Cancer Awareness Anal Cancer Health & Wellbeing Event Myeloma Health & i+Vellbeing Event Chaplaincy Arts Sessions. Nl Cancer Centre Patient Wedding. Ward 2A, Nl Canr Centre Gynae Oncology Health & Wellbeing Event Skin Health & Wellbeing Event Radiotherapy Department, Nl Cancer Centre, Clothing for Patients Teenage & Young Adults Christmas Vouchers, Regional 1,177 961 2,0] 425 3,779 5,000 1,699 1,110 1,505 41,630 13,050 113,448 1,285 12,000 115,250 1,128 413 595 83 156 67 101 300 350 120 1,050 318,680
FRIENDS OF THE CANCER CENTRE DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Patlent Care PETCT Scanner, Nudear Medicine North West Cancer Centre, Upper Gl. Clinical Nurse Specialist North West Cancer Centre, 0.25wie Upper Gl Support Worker North West Cancer Centre, Research & Development Radiographer Vascular Access Education & Training Equipment Training, Clinical Nurse Specialist Programme Clinical Nurse Specialist Teenage & Young Adults Full Clinical Nurse Specialist Teenage & Young Adult 0.51E Spe8ch & Language Therapy Assistant Manager Clinical Nurse Specialist, Cancer of Unknimn Primary Library Books, Nl Cancer Centre Antrim Area Hospital, Clinical Nurse Specialist, Head & Neck Radiotherapy, Thumbs Up Radiotherapy, Physics Support Position 250/0 Gynae Oncology Clinical Nurse Specialist, Gynaecology Surgery. Belfast City Hospital Antrim Hospital, 0.25wte Support Worker, Head & Neck Occupatlonal Therapy Pre8sure Reducing Cu8hion8 Gynae & Rectal Pallents Nl Cancer Centre, Leukaemia Clinical Nurse Spedalist, Haematology Radiotherapy Diagnostic MRI Radiographer Teenage & Young Adult Social Worker Clinical Nurse Specialist Programme Scholarships, Pearl Ewing Scholarships, Pamela Lutton Scholarships, DT Gary McGowan 109,980 38,800 7,295 41,809 2.990 1,842 1,256 71,996 13,779 41,283 998 62,000 258 8,661 63,909 4,498 5,611 32.807 41,308 26,383 27,234 2,000 2,000 2,000 600,696 Cam Campaigns 39,235 39,235 1,405,920
FRIENDS OF THE CANCER CENTRE DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financlal review The nel movemenl of funds amounted to incoming of £17,240. of which £26,965 incoming related to unrestricted activities and £44,205 outgoing related to restricted funds. The Charity is involved in various fund-raising activities to provide adequate resources to meet its obJ"ectives. The Directors are very pleased with the total income generated of £1,911.435 in the year in relation to the £147,894 expended on fundraising and £78,071 on administration. At 31 March 2025 the Charity had unrestricted reserves of £3,568,451 of which £3,421,236 has been committed to 5UPPOrt continuing adivities within the Cancer Centre. The free uncommitted balance of funds is £147,215. Reserves poIIcy The Directors, informed by thè risk register, operating budget and known commitments and liabilities, have established a policy for the general reservès held by the Charity. The organisation is enlirely depèndent upon fluctuating donor fijnding from year io year, and it requires protedion against and the ability to continue despite, d¢)wntum in income. General Reser48: the directors believe that the minimum level of genéral reserves should be the equivalent of six months, operating costs and six months, commitments c8lcul8led and reviewed annually and believe that Ihe reserves should be built up to the desired level in stages consistent with the Charity's overall financial position and it8 need to maintain and develop It8 charitable activilles. Designated Reserves.. To enable the Charity to support projecls and research posts which cover more than one year th8 directors design8te those funds for which grants have been committed or approved for a riod of up to 2 years from the period end. The directors are of the opinion that approximately £950,000 of designated funds would fall due for payment In the 6 months from the balance sheet date.
FRIENDS OF THE CANCER CENTRE DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structurn, governance and management The Charity is a company limited by guarantee and does not have a share capital. It is governed by a Memorandum and Articles of Association and the liability of each member is limitéd to an amount not exceeding £1. The directors must off8r their resignation after tsvo years but can make themselves available for r&election In accord8nce with the Articles of Association. There were 14 directors serving during the period up to 31 Marth 2025. New Directors are appointed by the 8oard. The aim of the recruitment process Is to appoint the most suitable person for the position of Diredor. Recruitment of new Directors will take into account the Charity's need for new ideas and fresh approaches. The last skills audrt was carried out in 2024 and is periodically reviewed by the Board. A Procedures Audit was undertaken in August 2024. and the Board participated in Governance Training in June 2025. The Directors who served during the year and up to the date of signature of the finandal statements were: Mr B Cave Ms C Aiken Dr D Finnegan Prof S Jain Mr R Donnan Ms C Keenan Dr S McAleer ProfAAdair Mr P Mcmaw Mr J Rice Prof M Durkin MrBFee Mr D Cubbltt Dr C Forde Auditor Harbinson Mulholland have Indicated their wllllngness to contlnue in office. Dlsclosur• of Infomiation to •udltor Each of the Directors has confimied that there is no informalion of which they are aware which is relevant to the audit, but of which the auditor 18 unaware. They have further confirmed that they have taken appropriate steps to identfy such relevant information and to establish Ihat the auditor is aware of such information. This report has been prepared In accordance with special provislon of Part 15 of the Companies Act 2006 relating to small companies. The Directors, report was approved by the Board of Directors. .Mary.£aroliiie.Ke.L'naTJ (Nov 11, 2025 23.. 10..02 GMT) Ms C Keenan Director 1111112025
FRIENDS OF THE CANCER CENTRE STATEMENT OF DIRECTORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The d1CtOrS, who also act as tnjstees. are responsible for pr8paring the Directors. Report and the financial statements in accordance with applicable law and regulation. Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have prepared the financial statements in accordance with United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland., and applicable law (United Kingdorn Generally Accepted Accounting Practice). Under cornpany law the Directors must not approve the financial sts*ements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the incoming reSoUrS and application of resources, induding the income and expenditure, of the charity for that period. In preparing these financial statements, the Directors are required to= select suitable accounting policies and then apply them consistently., observe the methods and principles in the Statement of Recommended Practice.. Accounting and Reporting by Charities (2015)- make judgments and estimates that are reasonablè and prudent,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the will continue In business. The Directors are responsible for keeping adequate accountlng records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the company comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In certain ctrcumstances clients may choose to include an additional staternent here which 15 required to be made within the directors, report as 8 result of Section 418 of the Companies Act 2006. In accordance with Section 418, directors, reports shall indude a statement, in the case of each director in office at the date the directors, report is approved, that.. (8) so far as the trustee Is aware, there 18 no r81evant audit information of whlch th8 company's auditors are unaware; and (b) they have taken all the steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit infomiation and to establish that the company's auditors are aware of that infomiation. By order of the Board of Directors .MAry.Qarolin¢.Kp.¢nan (Nov 11, 2D25 23..10..02 GMT) Ms C Keenan Dlrector 1111112025
FRIENDS OF THE CANCER CENTRE INDEPENDENT AUDITOR'S REPORT TO THE DIRECTORS OF FRIENDS OF THE CANCER CENTRE Opinion We have audited the financial statements of Friends of the Cancer Centre (the 'Charity') for the year ended 31 March 2025 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the notes to the financial slatements, induding significant accounting policies. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounling Standards, including FRS 102 The Fin8ncial Reporting Stand8rd applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give 8 true and fair view of the st8te of the charitable company's affairs a8 at 31 March 2025 and of its incoming resources and application of resources, for the year then ended., have been properly ppared in accordance wlth United Kingdom Generally Accepted Accounling PTa¢tl¢e; and have be8n prepared in accordance with the requirements of the Companles Act 2008, Baslg for oplnlon We conducted our audit in 8ccordance with Intemation81 Standards on Auditing (UK) IISAS (UK)) and appllcabl8 law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial staternents 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 15 sufficient and appropriate to provide a basis for our opinion. Conclusion8 relatlng to golng cancern We have nothing to report in respect of the following matters in relation to which the ISAS {UK) require us to port to you were.. the directors, use of the going concern basis of accounting In the preparation of the financial statements is not appropriate., or the directors have not disclosed in the financial statements any identified mat8rlal uncertainties that may cast significant doubt about the group's or the parent company's ability to conlinue to adopt the going concern basis of accounting for a penod of at least twelve months from thè date when the financial statements are authorised for issue. Oth•r Informatlon The other information comprises the information included in the Directors, Report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent othefwise explicitly stated in our report, we do not express any form of as8urance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the Other infomatlon and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether there is a material misstatement in the finencial statements or a materiel 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.
FRIENDS OF THE CANCER CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF FRIENDS OF THE CANCER CENTRE Oplnions on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the Directors, report, which includes the directors, report prepared for the purposes of company law, for the finanaal year for which the financial ststements are prepared is consistent with the financial statement5', and the directors. report included within the Directors, report has been prepared in accordance with applicable legal requirements. Matters on whlch ¥ are requlred to rnport by exceptlon In the light of the knowledge and understanding of the Charitable company and its environment obtained in the course of the audit, we have not identified malerial misstatemènts in the Strategic Report and Ihe Directors, Report. We have nothing to report in respect of the following matters in rélation to whith the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been ceiVed from branthes not vistted by us", or the financial slalements are not in agreement with the 8ccounting records and retums., or certain disclosures of trustees, remuneralion specified by law are not made; or we have not recelved all the infomatlon and explanations w8 require for our audit. Respon8lbllltle8 of Olreetor• A8 explained more fully in the statement of Director8, responsibilities, the Directors are responsible for the preparation of the financial ststemenls and for being satisfied th81 they give 8 true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misslatement, whether due lo fraud or error. In preparing the financial statements, the Direclors are responsible for assessing the Charity's ability to continue as a going concern, disdosing, as applicable, matters related to going concern and using the going conc8m basis of accounting unless thè Directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audltorfs re•pon•lbllltle8 for the audit of the flnancial 8t•t•m•nt8 Our objectNes are to obtain reasonable aSSUTance about whether the financial statements as a whole are free from material misstaternent, whether due lo fraud or eTror, and to issue an auditorfs report that includes our opinion. Reasonable assuran 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 rf, indNidually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Counal's website at= httPS:11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
FRIENDS OF THE CANCER CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF FRIENDS OF THE CANCER CENTRE Our approach to identifying and assessing the risks of material misstalement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows= the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.. we identified Ihe laws and regulations applicable to the company through discussions with directors andlor senior management, and from our commercial knowledge and experience of thé sector,. We focused on specific laws and regulations which we considered may have a direct materlal effect on the financial ststements or the operations of the company, including Companies Act 2006, taxalion legislation, data protection, anti-bribery, employment, environmental and health and Safety lègislation we assessed the extent of compliance with the laws and regulations Identified above through making enquiries of management and inspecting legal correspondence,. and identified laws and regulation5 were communicaled within the audit team regularly and the team remained alert to instances of non-cornpliance throughout the audit. We assessed the 8U8ceptibllity of the company'5 financial statements to materlal misststement, induding obtaining an understanding of how fr8ud might occur, by.. making enqulries of management as to where they considered there was 6USC8Ptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the Internal controls in place to mitigate risks of fraud and non-cornpliance with laws and regulations., To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships., tested journal entries to identify unusual transactions; assessed whether judgements and assumplion6 made in detemiining the accounting estimates sat out in Note 2 were indicative of potential bi8s,' and investigated the rationale behlnd significant or unusual transactions., In response to the rlsk of irregularitles and non-compliance with laws and regulatlons, we designed procedures which induded, but were not Ilmited to.. agreeing financial Statement di8closures to underlying supporting docum&ntation', reading the minutes of meelings of those charged with governance., enquiring of management as to actual 8nd potential litigation and claims., and reviewing correspondence with HMRC and the company's legal advisors., There are Inherent limitatlons in our audit procedures desuibed above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-cornplian. Auditing standard5 a150 limit the audil procedures required to identify non-compliance with laws and regulations to enquiry of th8 directors and other management and the inspection of regulatory and legal Gorrespondence, if any. Material misstalements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
FRIENDS OF THE CANCER CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF FRIENDS OF THE CANCER CENTRE 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. Our audit work has been undertaken so that we might state to the parent charitable company's members those matters we are required to state to them in an auditorfs 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 company and the charitable company's members as a body, for our audit vnrk, for this report. or for the opinions we have formed. r.L CrG Angela ralgan (Senlor Stat ry Audltor) for and on behalf of HM Charter•d Accountants Charterad Accountants ststutory Audltor 6th Floor East Tower Lanyon Plaza Belfast County Antrim BT13LP 11 November 2025 HM Chartered Accountants is eligible for appointment a8 auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under of seciion 1212 of the Companies Act 2006.
FRIENDS OF THE CANCER CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notss Income from: Donations and legaci6S Investments 1,481,076 125,491 304,868 1,785,944 125,491 1,361,754 115,463 200,327 1,562,081 115,463 Total Income 1,606,567 304,868 1,911,435 1,477.217 200,327 1,677,544 Expendlture on: Charitable activities 1,532,632 331,833 1,864,465 1,383,111 219,571 1,602.682 Total •xpondlture 1,532,632 331,833 1,864,465 1,383,111 219,571 1,8)02,682 Net gainsloosses) on investments (29,730) (29.730) 78,502 78,502 Net incornel(axpanditure) and movement In funds 44,205 {26,965) 17,240 172,608 (19,244) 153,364 Reconciliation of funds: Fund balances at 1 April 2024 3,524,246 26,985 3,551,211 3,351,638 46,209 3,397,847 Fund balanc•• •t 31 March 2025 3,568,451 3,568,451 3,524,246 26,965 3,551,211 The statement of financial activitles includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie8. 10-
FRIENDS OF THE CANCER CENTRE STATEMENT OF FINANCIAL POSITION AS AT31 MARCH 2025 2025 2024 Nots• Flxed assets Tangible assets Investments 11 12 1,286 1,184,394 1,334 1,214,125 1,185,880 1,216,459 Current assets Debtors Ca8h at bank and in hand 13 51,075 2,398,937 48,992 2.504,937 2,450,012 2,553,929 Creditors". amounts falllng duè wlthln one y•4r 14 (67,241) 1218,178) Net ujrrent assets 2,382,771 2,336,753 Total as80ts1e•• ¢urrent Ilabilitie• 3,S68,451 3,551,212 Income fund8 Restricted funds Unrestricted funds. Designated funds General unrestricted funds 15 26,965 16 3,421,236 147,215 3,470,503 53,743 3,568,451 3,524,246 3,588,451 3,551,211 "Please refer to page 3 for further information on unrestricted and designated fund8 11
FRIENDS OF THE CANCER CENTRE STATEMENT OF FINANCIAL POSITION (CONTINUED) ASAT31 MARCH 2025 The company is entitled to the exemption from the audit requiremént contsined in section 477 of the Companies Aci 2006, for the year ended 31 March 2025, although an audit has been cArried out und8r section 65 of the Charities Act (Nl) 2008 . The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the finanaal year and of its incoming resources and application of resources, induding its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otheIse comply with the requirements of the Companies Act 2006 relating to rinancial statements, so far as applicable to the company. The memb8TS have not required the company to obtain an audit of its financial statements under the requirements of the Companie8 Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared In accordance wlth the provisions applicable to companie8 subject to the small companies regime. The financial Statements were approved by the Directors on ..... BriaoYY.l..LaYolNov.13, 2025 10..26..08 GMT) Mr B Cave Dirnctor Richard Donnan.INov 11, 2025 13..09..26 GMT) Mr R Donnan Dlrector Company reglstratlon number N1616925 12-
FRIENDS OF THE CANCER CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activitie• Cash (absorbed by)Igeneratèd from operations 21 (230,692) 122,180 Inv88tlng actlvlti Purchase of tangible fixed assets Investment income received (798) 125,491 (398) 115,463 Not cash gen•r4t•d from Investing actlvltla8 124,693 115,065 Not ca8h generatod from flnanclng actlvltl•• Net {decroag0)Ilncrou• In cash and caoh equlvalents (105,9991 237,245 Cash and cash equivalents at beginning of year 2,504,936 2,267,690 Cash and cash equivalents at end of year 2,398,937 2,504,936 13-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charlty Informatlon Friends of Ihe Cancer Centre is a private company limited by guarantee incorporated in Northern Ireland. The registered office is N.1. Cancer CentTe, Belfast City Hospital, Lisburn Road, Belfast, Co. Antrim, BT9 7AB. 1.1 Accounting conventlon The financial 5tatem8nls have been prepared in accordance with the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statèment of Recommended Practice applicabl8 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" las amended for accounting periods commencing from 1 January 20161. The Charity is a Public Benefit Entity a5 defined by FRS 102. Thè financial statements are prèpared in sterling, which is the fvnctional currency of the Charity. Monetary amounts in thes6 financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, rnodified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. Th8 principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the flnancial statements, the Directors have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial 8tatements. 1.3 Charltable funds Funds held by the Charity are either: Unrestricted gener81 funds - these are funds which can be used in accordance wlth the charitable objects at the discrelion of the directors. Designated funds - these are funds s8t aside by the directors out of unrestricted general funds for specific future purposes or projects. Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when the funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fvnd is included in the notes to the financial statements. 1.4 Income Income is recognised in the period in which the Charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the Charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received from activities for generating funds are induded when collected. Investment income is induded when receivable. Donated facilities are included at the value to the Charity where Ihis can be quanlified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteer5. 14-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcie8 (Contlnued) 1.5 Expenditure Expenditure is included in th& Statement of Financial Activities (SOFA) on an accruals basis. inclusive of any VAT which cannot be recovered. Cost5 of generating funds compTise the costs associated with attracting voluntary income. Charitsble expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting the constitutlonal and statutory requirement8 of the Charity and indude the audit fees and costs linked to Ihe strategic management ofthe Charity- All costs are allocated bebNeen the expendlture categories of th8 SOFA on 8 basis designed to refiect the use of the resource. Costs relaling to a particular activity are allocated directly, others are apportioned on an appropriate basi8 e.g. stsff time and floor space as 8et out In Note 6. 1.6 Tangible flxed a88ets Tangible fixed assets are initially measured at cost and subsequently measured at C06t or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so 38 to write off the cost or valuation of assets less their re8idual values over their useful lives on Ihe following bases.. Fixtures and fittings Computers 150/0 Straight line 250/0 slraight line The gain or loss arising on the disposal of an asset is detemiined as the difference be*een the sale proceeds and the carrying value of the assel. and is recognised in the statement of finanaal activrties. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price exduding transaction costs, and are subsequently measured at fair value al each reporting date. Changes in fair value are recognised in net incomel(expenditurel for the year. Transaction costs are expensed as incurred. 1.8 Impairm•nt of fixed assets At each reporting end date, the Charity revlews the carying amounts of its tangible assets to detemine whether there is any indication that those 8ssets have suffered an impairment Ios5. If any such indication exists, the recoverable amount of the asset Is estimated in order to determine Ihe extent of the impaimient loss (rf any). 1.9 Cash and cash equivalents Cash and rAsh 8quivalents include cash in hand. deposits held at call with banks, other short-term liquid investrnents with original maturities of three rnonths or less, and bank overdraft5. Bank overdrafts are shovdn within borrowings in current liabilities. 1.10 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instrumenls Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to Set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. 15
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcle8 (Continued) Basic Ilnanclal assets Basic financial assets, whid) indude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently rrIed at amortised cost using the effeclive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal liabllltlas Basic financial liabilities, induding creditor8 and bank loans are Inltially recogniséd at transactlon price unles8 the arrangement constitutes a financing transaction, where the debt inslrument 16 measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordin8ry course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabililies. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of Ilnanclal Ilabllltles Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. Critical accountlng e8tlmate8 and judgements In the application of the Charity's accounting policies, the Directors are required to make judgements, estimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Thè estimates and associaled assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying a88umptlons are revIevd on an ongoing ba81s. Revisions to accounting estimates a recognised in the period in which the estimate is revised Whe the revision affects only that period, or In the period of the r8vision and future periods vthere the revlsion affects both current and future penods. Criti¢al judgements Impaimient and depreciatlon Long-lived assets comprising prim8rity of computer equipmenL The annual depreciation charge depends primarily on the eslimated lives of each type of asset and, in rtain circumstances, estimates of residual valves. The directors regularly review these useful lives and change them if necessary to reflect current conditions. In detemiining these usefijl lives management consider technological change, patterns of consurnption, physical condition and expected economic utilisation of the assets. Changes in the useful lives can have a significant impact on the depreciation charge for the financial year. The net book value of tangible fixed asset5 subject to depreciation at the financial year end date was £1,286 (2024: £1.334). 16-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatlons and legaclés Unrestrlcted Re8trlcted funds funds Totsl Unrestricted funds Restricted funds Total 2025 2025 2025 2024 2024 2024 Donallons and gifts Grants 1,481,078 282,768 22,100 1,763.844 22,100 1,361,754 182.127 1,523,881 38,200 38.200 1,481,076 304,868 1,785,944 1,361,754 200,327 1,562,081 Donatlons and glfts Supporter Events Gener81 Donations Corporate Donations Friends Groups Friends Events Legacies In lieu of flowers Organisations HMRC GiftAid Merchandisè Trusts and Foundations Other 310,339 261,917 183,270 25,631 324,544 65,419 121,768 39,150 91,809 8,449 43,405 5,375 310,339 281,917 273,605 25,631 341.571 77,124 121,768 41,382 92,579 8,449 204,104 5,375 325,838 269,785 209,832 23,660 245,198 59,462 110,363 15,875 89,518 6,432 325,838 269,835 278,344 25,700 250,298 59,462 110,987 15,875 90,119 6,432 85,000 5,991 50 68,712 2,040 5,100 90,335 17,027 11,705 624 2,232 770 801 160,699 85,000 5,991 1,481,078 282,768 1,763,844 1,361,754 162,127 1,523,881 Other income includes £4,000 (2023.. £4,000) of donated sepiices and facilities which comprisè the provision of office space and administration seNice8. A corresponding amount is included within the cost of charitsble activities. Grants receivabl• for core activities Community Foundation 6,000 6,000 6,000 6,000 Dormant Account Fund Nl 16,100 16,100 32,200 32,200 22,100 22,100 38,200 38,200 17-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incoma from inveslmènts Unrestrietsd Unrestrictèd funds funds 2025 2024 Other income 125,491 115,463 Charftabl• •¢dvltleg 2026 2024 Research projects Patient comfort Patient care Projed support Fundraising Administration Campaigns 447,308 318,681 800,696 209,794 147,894 78,071 39.235 423,471 309,899 407,651 220,377 127,384 86,374 24,184 1,841,679 1,579,340 Share of support costs (see note 8) Share of govemancé costs (see note 6) 19,286 3,500 19,842 3,500 1,864,465 1,602,682 Analy81s by fund Unrestricted fund8 Restrlcted funds 1.532,832 331,833 1,383.111 219,571 1,864,465 1,602,682 18-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance Gosts costs 2025 Support Governance costs costs 2024 Insurance Rent, electricity and tel8phone Fundraiserf5 expenses Bank feés Legal and professional expenses Depréciation 2.158 2.158 2.555 2,555 4,000 7,195 2,278 4,000 7,195 2,278 4,000 7,885 2,010 4,000 7,885 2,010 2,808 2,808 847 2,733 658 2,733 658 Audit fees 3,500 3,500 3,500 3,500 19,286 3,500 22,786 19,841 3,500 23,341 Analysed b8lween Charitable activities 19,288 3,500 22,788 19,842 3,500 23,342 Directors None of the Dir8ctors (or any persons connected with them) received any remuneration or benefits fmm the Charity during the year. Employee8 The average monthly number of employees during the year wa8.. 2025 Number 2024 Number Administration Directors 14 15 Totsl 23 24 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 318.9)8 31,448 26.701 296,337 21,365 22,610 377,057 340,312 19-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees (cOnnUed) Employment costs have increased due to two beck payments made within the financial year. The totsl aTnount of employee benefits received by key management personnel in the period was £224,254 (2024.. £164,211). The key management Personnel of the Company comprises 4 members of staff (2024: 3),. the CEO, Finance & Admin Manager, Communications and Projects Manager and the Fundraising Manager. The number of employees whose annual remuneration was more than £60,000 is as follows.. 2025 Number 2024 Number £60,001 to £70,000 Net gaInlI08•881 on inv••tm•nts Unre8trl¢t•d lund8 Total 2025 2024 Revaluation of investments (29,730) 78,502 10 Taxatlon The charlty is exempt from taxation on its adivltles because all Ils Income is applled for charitable purposes. 11 Tangible flx•d a88ets Flxturo• and Iltt(ng8 Computvrn Total C08t At 1 April 2024 Addition5 1,572 14,573 798 16,145 798 At 31 March 2025 1,572 15,371 16,943 Deprèclatlon and Impalmient At 1 April 2024 Depreciation charged in the year 1,572 13,239 846 14,811 846 At 31 March 2025 1,572 14.085 15,657 Carrying amount At 31 March 2025 1,286 1,286 At 31 March 2024 1.334 1,334 -20-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Flxed asset Investmonts Listed Investments C03t or valuatlon At 1 April 2024 Valuation changes 1,214,125 (29,730) At 31 March 2025 1,184,395 Carrying amount At 31 March 2025 1,184,395 At 31 March 2024 1,214,125 The Investments are held as part of the Northem Ireland Central Investment fund for Charities. The Investments are held at Market Value. 13 Debtorn 2026 2024 Amounts f•lllng due wlthln on• y•ar: Other debtors Prepayments and accrued income 48,132 2,943 48,243 2,749 51,075 48,992 14 Credltor8: amounts falling due wlthln one year 2025 2024 other creditors Accruals and deferred income 31,354 35,887 166,205 51,971 67,241 218.178 21
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted funds The restricted funds of the charity comprise the unexpendèd balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2024 Incomlng Resources At 31 March resources expended 2025 Research Pats'ent Car8 Patient Comfort Grants receivéd 46,460 224,308 12,000 22,100 (46,460) (228,730) (23,875) <32,768) 4,422 11,875 10.668 26,965 304,868 (331,833) Previous year: At l April 2023 Incoming Resources At 31 March resource$ expended 2024 Researth Patient Care Patient Comfort Grants received 20,871 127,982 13,274 38,200 120,871) (133,917) (13,274) (51,509) 10,357 11.875 23,977 4,422 11,875 10.668 46,209 200,327 1219,571) 26,965 Restricted funds are legacies and donations received for specified purposes within the overall aims of the Charity. Funds received for research are used to 8UPPOrt cancer research in the centre, Induded wf(hin Patient care is £62,474 received from Applegreen Plc. This partnership works to provide support for the Centre's Teenager and Young Adult Programme, fundlng vitsl nursing hours for teenagers and young adults with support during and after tTeatment. Induded wlthln Palient Care is £50,000 received from GF Trust towards the 'Frlends Togethe initl8tlve which aim5 to enhance the care of Gancer patients in Northem Irdand through the provision of specialist cancer nurses. This forms part of a £100,000 pledge from GF Trust over 3 years specrfically for this project. 22-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Designated fund8 The unrestricted funds of the charty comprise the unexpended balanS of donations and grants which are not subject to specific conditions by donors and grantors a5 to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Balan¢• at l Aprll 2024 R••our¢•s expend•d Trnn•f•rn Balanc? at 31 March 2025 Research Patient Care Patient Comfort Campaigns 469,034 2.433.192 528,279 40,000 (447,309) (318,680) (600,696) 139,2351 279,319 502,110 575,987 (765) 301,044 2,616,622 503,570 3,470,505 (1,405,920) 1,356,651 3.421,236 Many of the projects funded by the Charfty span several year8. For exarnplè, a research project post may be approved for rnore than one year or. the PUTch8se of equipment may require a rnaintenance contrad. To recognise these future commitments and ensure that there are no unexpected interruptions in the funding of the work supported by the Charity, the directors designate the funds needed for the n8Xt year of the project. For some specific projec15 two years of required funds have been designated. Designated funds are not restricted by nature. 17 Analy81• of net as8ets batween funds Unre8trlcted Re8tricted funds fund8 2025 2025 Total Unrestricted funds 2024 Restricted funds 2024 Totsl 2025 2024 Fund balances at 31 March 2025 are represented by.. Tangible assets Inve5tmenls Current assetsllliabilities) 1,286 1,184,394 2,370,896 1,286 1,184,394 11,875 2,382,771 1,334 1,214,125 2,308,786 1,334 1,214,125 26,965 2,335,751 3,556,576 11,875 3,568,451 3,524,245 26,965 3,551,210 18 Retirement beneflt schomes Defined contribution schèmes The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charily in an independently administered fund. The pension cost and charge represents contributions payable by the company to the fund and amounts to £26,701 12024.. 22,610). 19 Financlal commitments. guarantees and contingent liabllltles There were no financial commitments at the balance sheet date over and above monies in designated funds. -23-
FRIENDS OF THE CANCER CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Related party trdnsactions There were no disclosable related party transactions during the year (2024- none). 21 Cash gènerated from oparatlon8 2025 2024 Surplus for the year 17,240 153.364 Adjustrnenls for: Investrnent income recognised in statement of financial activiti8s Lossl(gain) on disposal of investmènts Depreciatson and impaimient of tangible fixed assets (125,491) 29,730 (115,483) (78,502) 658 Movements in working capital.. (Increase) in debtors (Decrease)fincrease In creditors (2,082) (150,935) (17,649) 179,772 Cash l•baorbod byygen•r•tsd from operallons (230,692) 122,180 -24-