CHILDREN'S CANCER UNIT CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 CHARITY COMMISSION for NORTHERN IRELAND REGISTRATION NUMBER 104794
CHILDREN'S CANCER UNIT CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Page Charity Reference and Administrative Details Trustees. Annual Report Independent Auditor's Report statement of Financial AGtivities (Including Income and Expenditure Account) Balance Sheet 7-10 12 Statement of Cash Flows 13 Noles to the Financial Statements 14-20
CHILDREN'S CANCER UNIT CHARITY CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 OCTOBER 2023 President Dr Ben Wilson Trustees Felix Mooney (Chairman) Keith Farley (resigned 12th December 2023) Sheila Ferguson Stuart Iwin (appointed 7th March 2024) Laurie Jones (resigned 24th June 2024) Anthony Mccarthy Mark Mccormack (appointed 12th December 2023) Denis Murphy Stephen Warke {resigned October 2023) Drew Wilkinson (Treasurer, resigned September 2023) Chief executive officer Jane Hoare Registered office 141-143 Falls Road Belfast BT12 6AF Registered Number NIC104794 Auditors McGuire + Farry Limited Chartered Certified Accountants Emerson House Carryduff Belfast BT8 8DN Solicitor Edwards & Co. Solicitors 28 Hill Street Belfast BT12LA Ulster Bank (Northern Ireland) Belfast City Office 1 11-16 Donegall Square East Belfast BT15HD Bankers Danske Bank Donegall Square West Belfast BT16JS Bank of Ireland UK 1 Donegall Square S BT15LR Investment managers J & E Davy (UK) Limited (trading as" Davy Private Clients UK) Donegall House 7 Donegall Square North Belfast BT15GB Page 1
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ending 31 October 2023. Reference and Administrative Details The required reference and administrative details are laid out on Page 1- Company information. Objectives and Activities The principal activity of the Children's Cancer Unit Charty is to provide support for the Unit, medical slaff. and families at The Royal Belfast Hospltal for Sick Children's Qncology and Haematology Unit. and to ensure that they have the necessary resources, equipment and support to ensure that children affected by cancer in Northern Ireland have access to the best possible treatment and care. The charity also aims to raise awareness of childhood cancer and the effects it has on families across Northern Ireland. In addition to this, the Charity is committed to providing additional support to families affecled by cancer. MAIN ACTIVITIES Staffing and Specialised Care The Children's Cancer Unit Charity strives to ensure that children and young people receive the highest level of care they need during their cancerjourney by supporting the medical teams involved in their treatment. We fund vital posts across a range of disciplines at the Haematology and Oncology Unit. We also provide support and resources for the wider Unit team and by funding training and education programmes for the staff to ensure they have the knowledge and skills to provide the best possible care. Infrastructure We actively contribute to the funding, development and enhancement of the physical infrastructure of the Unit. Where possible we have funded the construction of additional rooms and spaces on the ward and clinic. In the past this has included the creation of two isolation suites, as well as dedicated rooms tailored specifically for teenagers and young people. and a parents, kitchen on the ward. Through these initiatives, we strive to improve the physical environment of the Unit, making it a place of comfort, care and support. Equipment The Children's Cancer Unit Charity provides and funds a range of equipment to benefit children during their cancerjourney, both at hospital and at home. We invest in essential medical equipment eg. funding the state of the art Ultrasound Room. We also provide specialised equipment and resources to prepare children for treatment including My Special Aflac Ducks, play resources and sensory toys. Our Robotics programme enables children to access school during their treatment through the use of telepresence robots, which help them get back into the classroom remotely and stay connected with their schoolwork, teachers and classmates. Family Support Services The Children's Cancer Unit Charity provides a range of services to families to ensure they find some level of comfort. normality and togetherness during their child's cancerjourn&y. These services include practical and financial support to ease the burdens families may face following a cancer diagnosis, home-from-home comforts in the Unit such as seasonal treats, visits and activities as well as toys and games. We organise events and opportunities for families to spend quality time togelher away from the hospital setting. Page 2
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Research & Development The Children's Cancer Unit Charity aclively contributes to research focused on improving treatment options and outcomes for children with cancer. We continue to work in partnership with other organisations to develop initiatives and improvements for children and young people with cancer, including the Teenage & Young Adult Service, the Northern Ireland Heallh Charities Coalition, as well as working with Queens University Belfast to promote and engage students with children's cancer nursing. Together, we build a stronger, more supportive environment for children and strive to make a positive, lasting impact on every child's cancer journey. ACHIEVEMENTS AND PERFORMANCE New Headquarters In May 2023, The Children's Cancer Unit Charity moved into new Headquarters on the Falls Road. Belfast, based just across the road from the Unit itself. These new premises have dramatically improved the level of seNice we are able to offer. Not only does it increase the Charity's public visibility and brand awareness. but we are easily accessible to our supporters, the families we support, and the staff in The Children's Cancer Unit itself. We have increased space for fundraising and administrative activities, to allow for expansion of the team, and are also able to store easily accessible equipment and supplies for the Unit. We have meeting rooms which Unit staff make regular use of for meetings, training and development purposes. Additionally, we have a small meeting room where parents can meet with members of the hospital team away from the clinical environment. The ease of access has already strengthened relationships between the charity and the Unit staff, as well as with families, allowing us to engage more directly and effectively with them and respond to needs in a more efficient manner. Governance and Structure Following the appointment ofthe Charity's first Chief Executive in January 2023, and in line with our commitment to growth and sustainability, we undertook a review of our organisational structure and recruited a Fundraising Manager and Communicatioris Manager. This strategic change will enable us to expand our reach, enhance our impact and provide more comprehensive support to those who rely on us. The Chief Executive reviewed processes and policies to ensure compliance with Charity Commission Nl requirements and worked with Edwards & Co to begin the process of incorporation which will be completed next year. Supporting the Unit The Charity continued to provide support to the Children's Cancer Unit through the provision of equipment and resources for the Ward and Clinic, as well as providing toys, gifts and treats for children and families. We have continued our partnership with Aftac Northern Ireland to provide My Special Aflac Ducks to children diagnosed with cancer. We also continued to roll out our robotics programme, providing telepresence robots to schools to help combat social isolation and support the educational needs of young patients while undergoing treatment. The Children's Cancer Unit Charity a150 conlinued to fund specialist roles wilhin the Unit. As well as continuing to fund a Teenage & Young Adults Database Manager and Assistant Clinical Psychologist, in 2023 we also funded two new roles - a Brain Tumour Dedicated Social Worker and a Clinical Fellow. Additionally. we committed to funding a Play Specialist to deliver weekend activity which will be recruited in 2023124. Page 3
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Family Support The Charity Gontinued to provide financial assistance to families on referral from the Social Work Team in the Unit. These requests for specific support included travel for treatment, specialist equipment for the family home, childcare for siblings, educational resources, and palliative support. Raising Awareness In September. the Children's Cancer Unit Charity partnered with Childhood Cancer Ireland and Cancer Fund for Children to deliver the Light It Up Gold campaign. This event to mark Childhood Cancer Awareness Month, included activities for children and young people in the Unit, as well as having prominent buildings lit up in Belfast to raise awareness of childhood cancer. In 2023, the Charity developed and rolled out a partnership with Queen's University Belfast School of Nursing to promote children's cancer nursing as a career path. This first year included an Annual Student Showcase event, Engagement Workshops, Student Prize and a Travel Scholarship Programme which sent three students to the Children's Centre of Healthcare in Atlanta, USA. Fundraising While fundraising activity took place throughout the year from a variety of corporate, community and individual supporters, the much of the focus was in September, during Childhood CancerAwareness Month. The fundraising highlight of the yearwas the bi-annual CCUC Golf Day at Rockmount Golf Club in September, which raised £130,000 for the Charity. Our annual Stormont Mile, sponsored by Hagan Homes, also took place in September, raising £30,000. FINANCIAL REVIEW The Charity's income for the 12 month period ending 31s1 October 2023 was £567,347, increasing from Ihe previous financial year (net expenditure of £451,479 in 2022). Total resources expended of £470,921 increased when compared to the previous financial year (2022.. £429,845), mainly due to the restructuring of the team, new staff roles, and move to new headquarters. Total net assets amounted to £3.972,704 as of 31sl October 2023 {2022: £3,832,548). The majority offunding comes from voluntary donations. Reserves Policy The Children's Cancer Unit Charity's policy is to provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. The charity aims to maintain reserves at levels equivalent to 9 months operational expenditure. The organisation is entirely dependent upon fluctuating donor funding from year to year and requires protection against and the ability to continue despite any downturn in income. Levels of reserves are currently high and until the reserves are utilised, funds will be invested in a number of short to medium term deposits to obtain a return in the current economic climate. On making these investments, the ability to wtthdraw funds has been considered. PLANS FOR THE FUTURE Plans for the next twelve months include.. Supporting the Children's CanGer Unit The Children's CanGer Unit Charity will furiher enhance its support forfamilies and identify development opportunities. In addition to Ihe roles currently funded by the Charity, the Charity has committed to funding a Play Specialist to ensure that Play Support is delivered 7 days a week. The Charity will roll out a pilot programme using Virtual Reality technology to provide immersive experiences to reduce anxiety and introduce relaxation techniques for children undergoing cancer treatments. The VR technology will be delivered in partnership with the Clinical Psychology Team. The Charity will also provide events for families living with cancer to spend quality time together in a safe and supportive environment, outside of the h05Pltal setting. Page 4
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 The Charity will continue to provide training and development support to the staff team within the Children's Cancer Unit, to provide meeting space within our new headquarters, and to further strengthen working relationships to better support the team's needs. The Children's Cancer Unit Charity will engage with the Department of Health in their review of their strategy for teenagers and young adults. Raising Awareness The Children's Cancer Untt Charity will develop clear brand guidelines and create appropriate services literature to better inform families and supporters of our seNices. The Charity will also develop a new website, with funding secured through the National Lottery Community Fund, and will create updated video and photography content. The Charity will continue to develop and deliver its partnership with Queen's University Belfast's School of Nursing and Midwifery, delivering a programme of events to promote and enhance Childhood cancer treatment and care in Northern Ireland. The Charity will also become an active member of the Northern Ireland Children'5 Health Charities Coalition. The Children's Cancer Unit Charity are also committed to exploring opportunities to support research into paediatric oncology and will engage with Ulster University and the All-lsland Children's Oncology NeOrk (ACORN} on potential collaboration. Family Support The Children's Cancer Unit Charity will continue to work alongside the Social Work Team within the Unit to deliver appropriate support to families, as well as to continue to expand the Robotlcs Programme. The Charity will also partner with Young Lives Vs Cancer and Cancer Fund for Children to develop a Parents Advisory Group. Fundraising With the recruitment of the new Fundraising Manager, we will review income generation, develop an income generation strategy and put in place the appropriate resources and structures to increase income generation, in order to ensure that The Children's Cancer Unit Charity has the financial resources it needs to achieve its aims and objectives. Governance and Structure The Charity will progress the process of incorporation and ensure compliance with the Charity Commission of Northern Ireland. The Trustees will undertake a strategic review to ensure that we can continue to deliver and expand our activities in line with our objectives. The Trustees are committed to the development of the infrastructure of the organi5ation in terms of staffing and will recruit an Office Manager and Services Co-ordinator. to further maximise opportunities and enhance good governance. In setting our objectives and planning our activities for the year, the Trustees have given careful Gonsideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charitls purposes and provide a benefit to the beneficiaries. Page S
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Trustees, responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial ststements in accordance with applicable law 2nd United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financia5 year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP 2019 (FRS 1021., make judgements and estirnates that are reasonable and prudent., state whether applicable aGcounting standards have been followed.. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, Ihe Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They 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. Disclosure of information to the auditors We, the trustees who held office at the date of approval of these Financial Statements as set out above, each confirm, so far as we are aware, that.. there is no relevant audit information ofwhich the company's auditors are unaware., and we have taken all the steps that we ought to have taken as trustees in order to make ourselves aware of any relevant audit information and to estsblish that the company's auditors are aware of that information. On behalf of the board Felix Moo Date.. Chai Page 6
CHILDREN'S CANCER UNIT CHARITY INDEPENDENT AUDITOR'S REPORT Opinion We have audited the financial statements of Children's Cancer Unit Charity (the'charitable Gompany,) for the year ended 31 October 2023 which comprise Statement of Financial Activities, Balance Sheet, statement of Cash Flows and notes to the financial statements, including 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 and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 October 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 United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. 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 responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements 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 In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other information The other information comprises the information included in the trustees, annual report2 other than the financial statements and our auditor's report thereon.The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infonTJation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audil or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial Statements themselves. If, based on the workwe have performed, we conclude that there is a material mi5Statement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 7
CHILDREN'S CANCER UNIT CHARITY INDEPENDENT AUDITOR'S REPORT Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion.. the information given in the trustees, report is inconsistent in any material respect with the financial statements- or sufficient accounting records have not been kept., or the financial statemenls are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, sponsibl11t¢es statement set out on page six, the trustees are responsible for the preparation of Ihe financial stalements and for being satisfied that they give a Irue and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company'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 eilher intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the financial statements We have been appointed as auditor under section 65{2} of the Charities Act (Northern Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs 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 financial statements. A further description of our responsibilities is available on the FRC'S website at.. htt s'.Ilwww.frc.or -uklauditorslaudit-assurancelauditor-s-res onsibilities-for-the-audit-of-the-fildescri the_auditor/oE20/080% 99s-res onsibilities-for. This descriplion forms part of our auditor's report. tion-of- Explanation as to vvhat extent the audit was considered capable of detecting irregularities, including fraud Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedure5 in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularitie5, including fraud. Owing to the inherent limilations of an audit there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISA'S (UK). The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Based on our understanding of the company and industry, we identified thal the principal risks of non-compliance with laws and regulations related to compliance with Employment Law, Environmental Regulations and Health & Safety Laws, and we considered the extent to which non-compliance mighl have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Companies act 2006 and applicable tax laws. The Audit engagement partner considered the experience and expertise of the engagement team to ensure that the team has appropriate competence and capabilities to identify or recognise non-compliance with the laws and regulation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation lo significant Page 8
CHILDREN'S CANCER UNIT CHARITY INDEPENDENT AUDITOR'S REPORT one-off or unusual transactions. We apply professional scepticism throughout the audit to consider potential deliberate omission or concealment of significant transactions, or incompletelinaccurate disclosures in the financial statements. In response to these principal risks, our audit procedures included but were not limited to.. Enquiry of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud., Inspection of the company's regulatory and legal correspondence and review of minutes of directols meetings during the year., Gaining and understanding of the internal controls established to mitigate risk related to fraud., Discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of the financial statements throughout the audit., Identifying and testing journal entries to address the risk of inappropriate journals and management override of controls., Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing- Challenging assumptions and judgements made by management in their significant accounting estimates, including estimating useful lives of tangible fixed assets, and allowance for the impairment of old or obsolete stock- and Review of the financial statement disclosures to underlying supporting documentation and enquiries of management. The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls. As part of an audit in accordance with ISAS {UK}, we exercise professional judgment 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 purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. Conclude on the appropriateness of the directors 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 signtficant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorfs 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 company 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. We communicate with those charged with governance regarding. among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Page 9
CHILDREN'S CANCER UNIT CHARITY INDEPENDENT AUDITOR'S REPORT Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations {Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the Gharitable Gompany's trustees those matters we are required to state to them in an auditor's report and forno other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable companls trustees as a body, for our audit work, for this report, or for the opinions we have formed. 10 Keith William Mcmanus FCCA Auditor) For and behalf of McGuire + Farry Limited Chartered Certified Accountants and Statutory Auditors Emerson House Carryduff Belfast BT8 8DN Page 10
CHILDREN'S CANCER UNIT CHARITY STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating the Income and Expenditure Account) FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 Unaudited Unrestricted R8strict&d funds funds Total Total Note Income from: Donations and legacies Other trading activities Other Total income 548,573 548,573 450,012 20 1.447 451,479 18,774 567,347 18,774 567,347 Expenditure on: Raising funds Charitable activities Total expenditure 50,140 420,781 470,921 50,140 420,781 470,921 51,818 378,027 429,845 Net gainsl(losses) on revaluation of investments Net incomel{expenditure) 43,728 43,728 (162,766) 140,154 140,154 (141,132) Transfers between funds Net movement in funds 140,154 140,154 (141,132) Reconciliation of funds: Total funds brought forward 3,832,550 3,832,550 3,973,682 Total funds carried forward 3,972.704 3,972,704 3,832,550 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. Page 11
CHILDREN'S CANCER UNIT CHARITY BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 Unaudited Nole Fixed assets Tangible assets Investments 10 2,237 3,591,177 2,796 1,310,769 3,593,414 1,313,565 Current assets Debtors Cash and cash equivalents 5,491 393,131 34,217 2,532,539 398,622 2,566,756 Creditors: amounts falling due within one year 12 19,332 47,773 Net current assets 379,290 2,518,983 Total assets less current liabilities 3,972,704 3,832,548 Charity Funds Unrestricted funds- General Funds 13 3,972.704 3,832,548 The financial statements were approved and authorised for issue by the Board on Signed on behalf of the board of trustees Felix Mooie Date.. g£)£ Chairma The notes on pages 14 to 20 form part ofthese financial statements. Page 12
CHILDREN'S CANCER UNIT CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 Unaudited Note Cash flow from operating activities Net incomel{loss) for the reporting period 140,154 (141,132) Adjustments for: Depreciation charges Interest received Dividends and interest from investments Net {gainllloss from revaluation of investments Decrease in debtors Decrease in creditors Net cash flow from operating activities 10 559 {12,881) 15,8931 {43,728) 35,716 {28,4411 85,486 699 (1,447) 162,766 (11,629) 10,057 19,314 Cash flow from investing activities Payments to acquire investments Dividends, interest and rents from investments {2,230,7871 5,893 Net cash flow from investing actiVTties {2,224,894) Net increase l (decrease) in cash and cash equivalents (2,139,408) 19,314 Cash and cash equivalents at the beginning of the year 2,532,539 2,513,225 Cash and cash equivalents at the end of the year 393,131 2,532,539 Cash and cash equivalents consists of: Cash at bank and in hand Cash fund in investment portfolio 373,918 19,213 2,532,539 Cash and cash equivalents at the end of the year 393,131 2,532,539 P8ge 13
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Summary of significant accounting policies (al General information and basis of preparation Children's Cancer Unit Charity is a charity organisation registered in Northern Ireland. The addres5 of the registered office is given in the charity information on page 1 of these financial statements. The charity constitutes a public benefit entity as defined by FRS 102. 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 applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102),the Charities Act (Northern Ireland) 2022, and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricled funds 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purpose5. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are condition5 attached lo the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees. Annual Report. Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established. Page 14
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 (d) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties. it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings= Costs of raising funds includes of costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds., Expenditure on charitable activities comprises the costs of delivering services the community, together with supports costs incurred centrally and governance costs associated with the governance arrangements of the charity which are primarily associated with constitutional and statutory requirements. Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. le) Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off Ihe cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.. Plant and machinery Equipment 20% Reducing balance 200/0 Reducing balance (fj Investments Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains l (losses) on investments, in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment. Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year. (g) Debtors and Creditors receivable I payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (h) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. Page 15
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 (i) Fund accounting The Trust has var¢ous types offunds for which it is responsible, and which require separate disclosure. These are as follows.. Restricted funds Grants or donations received which are designated by the donor for specific purposes. Such purposes are within the overall aim of the charity. Unrestricted funds- General funds Funds which are expendable at the discretion of the charity in the furtherance of the objectives of the charity. Unrestricted funds - Designated funds Funds which have been set aside by the charity to act as a contingency to ensure the continuity of service. Designated funds continue to count as part of the unrestricted funds of the charity. (i) Leases The charity classifies the lease of pmiseS as an operating lease. The title to the premises remains with the lessor. Rental charges are charged to the statement of financial activities on a straight line basis over the term of the lease. {k) Employee benefits When employees have rendered service to the charity. short-term employee benefits to which the employees are entitled are recognised at the undiscounted amounl expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. (l) Tax As a charity, the Trust is not liable to either income tax or corporation tax. (m) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. (n) Judgements and key sources of estimation uncertainty The following judgements {apart from those involving estimates) have been made in the proces5 of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements- Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected fulure financial performance of the asset and the business in general. The directors also consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable. Page 16
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Other income 2023 2022 Bank inlerest received Dividends and interest from investments 12,881 5,893 18,774 1,447 1,447 The total amount was attributable to unrestricted funds both in 2023 and 2022. Expenditures Unrestricted Reslricttd Total Funds Total Funds Funds Funds 2023 2023 2023 2022 Raising funds PR and Marketing Finance Service charges 48,978 1,162 50,140 48,978 1,162 50,140 50,703 1,115 51,818 Charitable activities Support costs (Note 4) CHU- staff costs Family and children support Project and partnership costs Event costs CHU- conference and training costs 180,706 78,802 74,991 45,746 22,774 17,762 420,781 180,706 78,802 74,991 45,746 22,774 17,762 420.781 74,362 77,657 43,853 164,557 17,598 378.027 Allocation of support costs Unrestricted Restricted Total Funds Total Funds Funds Funds Support costs 2023 2023 2023 2022 Staff costs Office costs (incl. rental) Governance costs (Note 51 Travel expenses Hospitality Insurance Depreciation Bank charges Other Total 86,611 53,666 34,846 1,504 170 2,936 559 199 215 180,706 86,611 53,666 34,846 1,504 170 2,936 559 199 215 180,706 32,597 19.462 17,277 1,525 587 2,077 699 138 74,362 Page 17
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Governance costs 2023 2022 Audit and accountancy services Professional and legal fees 17,520 17,326 34,846 14,400 2,877 17,277 Net incorne l (expenditure) for the year Net income / (expenditure) is stated after charging l (crediting)= 2023 2022 Depreciation of tangible fixed assets Operating lease rentals (Profit) I loss on fair value movement of investments 559 18,040 (43,7281 699 10,316 162,766 Auditor's remuneration The auditorfs remuneration amounts to an audit fee of £3,000 (2022 - nil) and tax and other services of £480 (2022 - £1,560}. Trustees. and key management personnel remuneration and expenses The trustees neither received norwaived any remuneration during the year (2022.. £Nil). The total amount of employee benefits received by key management personnel is £46,951 (2022 - £Nil}. The Trust considers its key management personnel to comprise those individuals who have the authority and responsibility for planning. direcling, and controlling the activities of the Trust. This typically includes members of the Board of Trustees, the Executive Director, and other senior management roles. No trustees are accruing pension arrangements in 2023 (2022 - Nil>. The trustee5 did not have any expenses reimbursed during the year (2022- £Nil). Staff costs and employee benefits The average monthly number of employees and full time equivalent (FTE) during the year was as follows.. 2023 Number 2023 FTE 2022 Number 2022 FTE Governance Page 18
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 The total staff costs and employee benefits were as follows: 2023 2022 Wages and salaries Social security costs Other pension costs 83,225 1,075 2,311 28,917 3,680 86,611 32,597 No employees received total employee benefits (excluding employer pension costs) of more than £60,000. 10 Tangible fixed assets Equipment Furniture and Fittings Total Cost or valuation: At 1 November 2022 Additions Disposals At 31 October 2023 7,220 72,633 79,853 7,220 72,633 79,853 Depreciation: At 1 November 2022 Charge for the year At 31 October 2023 6,043 235 71,014 324 77,057 559 6.278 71,338 77.616 Net book value: At 31 October 2023 942 1,295 2,237 At 31 October 2022 (unaudited) 1,177 1,619 2,796 Fixed asset investments Total Cost or valuation At 1 November 2022 Additions Disposals Revaluation At 31 October 2023 1,310,769 3,184,148 947,468 43,728 3,591,177 The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date. Page 19
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 12 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other tax and social security Other creditors Accruals 15,660 673 20,470 173 1,131 25,999 2,999 19,332 47,773 13 Analysis of net assets between funds Unrestricted Restricted funds funds Total 2023 2023 2023 Fixed assets Current assets Creditors less than one year 3,593,414 398,622 19,332 3,593,414 398,622 19,332 Total 3,972,704 3,972,704 Unrestricted Restricted funds funds Total 2022 2022 2022 Fixed assets Current assets Creditors less than one year 1,313,565 47.773 2,566.756 1,313.565 47,773 2,566,756 Total 3,832,548 3,832.548 14 Pension scheme Defined contribution pension plans The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £2,311 (2022 - £3,680). The defined contribution liability is allocated to unrestricted funds. 15 Related party transactions Mr Drew Wilkin50n was a member of the Trustee Committee and is also a director in Maliz Consulting Ltd. During the year, £14,400 (2022.. £14,400) was paid by the Children's Cancer Unit Charity to Maliz Consulting Ltd for accounts preparation services. There is £1,200 outstanding to Maliz Consulting Ltd. at the year end. Page 20