Childrts Cancer Unit Charty CHILDREN'S CANCER UNIT CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 CHARITY COPIIMISSION lor NORTHERN IRELAND REGISTRATION NUMBER 104794
CHILDREN'S CANCER UNIT CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Pagg Charity Referen and Administrative Details Truste8s' Annual Report Independent Audiloff s Report Slalemenl of Financial Activities Ilncluding Income and Expenditure Account} Balanc& Sheet 2-10 15 16 Statement of Cash Flows 17 Notes to the Financial Statements 18-25
CHILDREN'S CANCER UNtT CHARITY CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 OCTOBER 2025 Presldent Or Ben Wilson Trustees Felix Mooney (Chairman) Gavin McGrattan ITreasurer} lappoinled 281h October 20251 Sheila Ferguson Stuart Irwin Anthony Mccarthy Denis Murphy Aaron Niblock (appointed 24th January 2025 1 resigned 28th October 20251 Anne Dougan lappoinled 241h January 20251 Mark Mccomiack (resigned 241h June 20251 Sarah Milliken lappointed 28th October 20251 Chlof Executlve Offlcer Jane Hoare Reglstsred offic& 141-143 Falls Road Belfast BT12 6AF R•gi$tèr¢d numbèr NIC104794 Audiiors McGuire + Farry Limited Chartered Certffied Accountants Emerson House Carryduff Belfast BT8 8DN Solicitor Edwards & Co. Solicitors 31d Floor Sessia House 61*7 Donegall Street Belfast BT1 2QH Bankers Ulster Bank (Northem Ireland) PO Box 232 11-16 Donegall squa East Eelfast BT1 SUB Danske Bank PO Box 183 Donegall Square West Belfast BT1 6JS Investment manager5 J & E Davy IUKI Limited Ilrading as'Davy Private Clients UK") Doriegall House 7 Donegall Square North Belfast BT1 5GB Page 1
CHILDREN'S CANCER UNIT CHARITY TRUSTEE5' ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees are pleased to present their annual report together with the financial statements ol the charity for the year ending 31 October 2025 Rafer•nce and Administrative Details The requId reference and administralwe details are laid out on Page 1- Company Infortnalion. Objectlves and Actlvltles The principal activity of tho Children's Canr Unil Charity is providing support for the Unit, medical staff and farnilies at The Royal Belfast Hospital for Sick Children's Oncology and Haematology Unit, and lo ensure that they have the necessary resources, equipment and support lo ensure that children affected by Cancer in Northern Ireland have a¢¢ess lo the best possible treatment and ca. The charity also aims to raise awareness of childhood cancer and the effec15 il has on families across Northem Ireland, and to funding research into paediatric oncology. In addition to this, ihe charity is committed lo providing addthonal support lo families affected by cancer. MAIN ACTIVITIES Staffing and Sp&cialisod Car The Children's Cancer Unit Charity slrwes lo ensure that children and young people re1ve the highest level of care they need during their cancer journey by supporting the ffledical teams involved in their treatment. We fund vital posts across a range of disciplines al the Haematology and Oncology Unil. We also provide support and resources for the wider Unit team and by funding training and education Pfogrammes for the stsff lo ensure they have the knowledge and skills to provide the best possible care. Infrastructure We actively contribute to the funding, development and enhancement ol the physical infrastructure of the Unil. here possible. we have funded the wnstruclion of additional rooms and spaces on the ward and clinic. In the past this has iricluded the creation of trNo isolation suites. as well as dedicated rooms tailored specifically for teenagers and young people, and a parents, kitchen on the ward. Through these inib'alives. we strive lo improve the physical environment Df the Unil, making it a place of comfort, care and supptsrt. Equipment The Children's Cancer unit Charity provides and funds a range of equipment lo benefit children during their cancer journey, both at hospital and al home. We invest in essential medical equipment eg. funding the stsle of the art Ultrasound Room. We aSso provide specialised equipment and resources lo prepare children for treatment including My Special Aflac Ducks, play resources and sensory toys. Our Robotics programme enables children lo a¢¢ess 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, lea¢hers and classmates. Famlly Support Servlces The Children's Cancer Unil Charity provides a range of seNices lo farnilies to ensure they find some level of comfort, nomality and togetherness during their child's cancer joumey. Page 2
CHILDREN'S CANCER UNIT CHARrrY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCT08ER 2025 These services include practical and financial support lo ease the burdens families may lace following a cancer diagnosis, home from home comforts in the Unit such as seasonal Ireals, visits and activities, as well as toys and games. We organise events and opportunities for families lo spend quality lime together away from the hospital setting. Research & Devèlopment The Children's Cancer Unil Charity actively conliibules lo research focused on improving treatment options and outcomes lor children with carnr. We continue lo work in partnership with other organisalions lo develop inilialives and improvements for children and young people with cancer, including the ALlolescenl & Young Adolescent IAYAI Service. the Northern Ireland Charities Health Coalition, the Northern Ireland Cancer Charitiès Coalition, as well as working with Queens University Belfast lo prornole and engage Students with children's cancer nursing. Together, we build a stronger, more supporbve environment for children, and strive to make a posfcive. lasting impact on every child's cancer journey. ACHIEVEMENTS AND PERFORMANCE Govemance and Structure In line with ils cOmmtMent lo organisation81 growth and long-lerm sustsinability, the Charity further strengthened ils staff team during the year through the recruitment of a full-time Community Fundraiser. This strategi¢ appointment reflects the Charity's continued investment in developing sustainable income streams and enhancing engagement with Indivuals, community groLJPS. schools and corporate partners. The role is focused on expanding community ftjndraising aclivilies, fostering long-term supporter latiOnshIpS and increasing public awareness of the Charity's work. By strengthening fundraising capacity, this appointment will help ènsuie the Charity is well POSTtioned lo continue providing essential services and support lo children with canr and their families into the future. Supporting the Unit The Charity continued lo provide support lo the Children's Cancer Unrt through the provision of equipment and resources for the Ward and Clinic, as well as providing toys, gifts and treats for ehildren and families. We have continued our partnership with Ats¢ Northern Ireland to provide My Special Aflac Ducks lo children diagnosed with cancer. The Children's Cancel Unrt Charity continued its cornmitment to funding a range of specialist posts within the Unil. recognising the vital contribution these roles make to the care and wellbeing of children and their families. During the year, the Charity provided funding for an Assistant Clinical Psychologist. a Brain Tumour Dedicated Social Worker, a Clinical Research Nurse, a Play Spe¢iali5t (including weekend ¢overl, and a Clinical Fellow. In addition, the Charty expanded its support by irilroducing funding for a Benign Haemalology Social Vvorker, further enhaneing the speaalist services available lo children and families receiving treatment and care. The Charity continued its commitment to SUPPDrting the professional development and wellbeing of the multidisciplinary team within the Children's Cancer Unil, recognising that investment in stsff contributes directly to the quality of care and support provided lo children and their families. Throughout the year, the Charity nded a rallge of education, training and professional development opportunitS for staff a¢ross the MUId1$Clpllnary team. This Includ supporting attendance at specialist Courses, conferences and educational events lo enhance knowledge, skills and the delivery of best practice. As one example, the Charity funded attendance lor len members of the multidisciplinary team al the Children's Cancer and Leukaemia Group ICCLGI Annual Conference In Birrllingham, providing valuable opportunib.es lo leam trom national and international experts, share best practice and strengthen professional networks. The Charity also invested in stsff wellbeing by funding a series of wellbeing workshops for nursing stsff. delivered by Queen'5 University Belfast. These sessions focused on promoting resilien, supporting stsff wellbeing and recognising the emotional demands of working within paediatric on¢ology. Page 3
CHILDREN'S CANCER UNIT CHARITY TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Charity continues lo maximise the use ol its headquarters lo support the work of the Children's Cancer Unil and the wider multidisciplinary team. Throughout the year, the meeting rooms were regularly utilised by Unil stsff for clinical meetings, training, famity consullalions and Sel¢e planning, providing a welcoming and accessible space In close proximity to the hospital. The continued use of these facilrties has further strengthened collaboration between the Charity and the Unil. while enhancing our ability lo respond efficiently lo the needs of staff, children and families. Family Support The Charity continued to provide financial assistance lo families through its Family Grants programme, with referrals made by the Soryal Work Team within the Unil. These grants he5ped lo alleviate some of the additional financial pressures associated with a childhood cancer diagnosis by 5UPPOrting a range of needs, including travel for treatment, specialist equipment for the famity home, childcare for siblings, educational resources and palliative care. During the year, the Charity further enhanced ils Roi)otics Programme through investment in a new suite of Awsbot Beam telepresence robots These upgraded devices provide children undergoing prolonged treatment with improved access lo their classrooms, enabling them to maintain educatiollal participation and social connections with their peers while receiving care. The enhanced technology offers greater reliability and luncbonality, ensuring the Charity Can ¢ontinue to deliver this important service to children and families when it is needed most. Working in partnership with Young Lives vs Cancer, the Charity continued to support the Parents, Advisory Group, providin9 parents and rerS with an opportunity to share their experiences, offer feedba¢k and contribute lo the ongoing (Sevelopment of services within the Children's Cancer Unil. As part of ils commitment lo supporting the emotional and physical wellbeing of families, the Charity also funded Ath'on Cancer lo provide complementary therapies within the Unil. These therapies offered paients and carers valuable opportunities for relaxation and wellbeing during what Is often an exceptionally challenging lime. The Charity also delivered a programme of family events throughout the year. recognising the importance of creating positive expeTrences and opportunities lor families lo spend lime together away from the clinical environment. Highlights included a Christmas celebration in partnership with Davy, where families attended Belfast's Christmas Lights Swilch-on. and a Summer Family Fun Day supported by Aflac Nl. These even15 prtsvided children undergoing treatment and their families with the opportunity lo create lasting memories, strengthen peer corinections and enjoy shared experiences in a safe and supportive setting. Raising Awargnèss The Charity continued to raise awareness of childhood cancer, the work of the Children's Cancer Unit and the support available lo families through a range of COTNmuni¢8tions, education and partnership initiatives. During the year, the Charity officially launched its new website, providing an enhanced platform to share inft>rmalion about its services, engage with supporters and increase public awareness of its work. A Series of new videos was also produced, highlighting the Charity's impact and showcasing the Children's Cancer Unil, while family stories and lived eXperIenS were shared throughout the year lo raise awareness ol the realities of childhc>od canr and the difference that charitable support makes. In partnership with Canr Fund for Children and Friends c)f the Cancer Cenlre. the Charity once again delivered Go Gold Day during Childhood Cancer Awareness Month, with events in the hospital and by recognising and raising awareness of Ihe issues faced when a child is diagnosed with Cancer. The Charity also continued tts successful partnership with the School of Nursing and Midwifery at Queen's University Belfast, delivering the third year ol the programme. This included sponsorship ol the Dr Sid Dempsey annual student prize, the delivery of the annLJa5 student showcase conference and the continuation of the travel prograrnme lo Atlants, providing valuable learning and professional development opportunities for future nurses. Pa96 4
CHILDREN'S CANCER UNIT CHARITY TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Recognising the importance of effective communication in paediatric oncology and haemalology care. the Chanty funded Advanced Communication Skills Training as part of the Adolescent and Young Adult IAYAI Service. This programrne equips heallhGare professionals wrfth the spècialist comrnunicalion skills required lo support children, young people and their families through difficult and sensitive conversations. The Charity also continued lo contribute lo the widercancercommunity through ils membership oflhe Northern Ireland Cancer Charities Coalition and active participation in its Children, Adolescttnts and Young Adults ICAYAI subgroup. working collaboratively with partner organisalions lo improve outcomes and advocate for children and young people affeded by cancer. Fundraising The Charity continued lo benefit from the exceptional generosty of its corporate partners. community supporters and the many families connected to the Children's Cancer Unit, whose fundraising efforts remain central to the Charity's ability to provide vital services and support. During the year, the Charity strengthened and developed a number of valued corporate partrTrerships, including Grand Opera HoLJse Belfast. Da Wealth ManageThenl, Aflac Northern Ireland and Nl Screen. The first year of the Charity's two-year partnership with Grand Opera House Belfast generated in excess of £50,000 through a range of fundraising and engagement acb'vilies. The Charity also continued its sessful partnership with Davy Wealth Management, whose ongoing support concluded during the retx>rting period, having raised a total of £112,550 across the partnership years_ August 2025 saw the return of the CCUC Golf Classic, bringing together more than 300 supporters at Rockmounl Golf Club. The event was an oulslanding success and is on track to raise in excess of £150.000. demonstrating the continued generosty and commitment of the Charity's supporters, and the organising committee. Alongside these flagship partnerships and events, the CharEty continued lo receive excellent sUPPOrt through community fundraising inilialives, with schools, businesses, community groups and individual supporters organising a wide range of activities throughout the year. The Charty also experienced increased engagement from families connected lo the Children's Cancer Unit many ofwhom chose lo give back by ftjndraising in support of future patients and their families. Towards the end of the reporty'ng period. the Chaty Invested In rts future fundraising capacty IhrDugh the recruitment of a full-lime Community Fundraiser This strgtegic appointment will support the continued development of community and corporate fundraising. strengthen supporter engagement and help ensure the long-lerm sustainability of the Charty's services. Research & D&v¢lopment The Children's Cancer Unrt Charity remains Committed to advancing childhood cancer research and improving outcomes for children and young people through investment in Collaborative research, innovatitsn and clinical partnerships. Workn"ng alongside U1sler University, Queen's University Belfast and University College Dublin, the Charity continues lo support research that has the potential lo improve diagnosis, Irealmenl and survivorship for chIren and young people with cancer. During the year, the Charity entered the second year of its Ihre&year PhD sludentship with Ulster University, exploring the psychosocial needs of adolescents and young adults with a cancer diagnosis through an all- island mixed methods study. Building on this Commitment lo research capacity, the Charity also established fiJnding for collaborative PhD sludenlships with the Patrick G. Johnston Centre for Cancer Research at Queen's Universrty Belfast. These projects Intsgralive Functional Genomics lo ACcelete Precision Oncology in Childhood C&ncets and Molecular Glues as New Therapies for Paedialric Leuka8mia contribute to the development of innovative approaches lo personalised treatment and improved outcomes for children with cancer. Pa9e 5
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 L(M)king ahead, the Charity has also committed lo supporting the Precision Oncology Ireland 2 programme, specifically with funding towards a collaborative inilialNe between University College Dublin and Ulster Universty, which is expected lo ¢omffEnce in 2026 and will further strengthen research collaboralitsn across the island of Ireland. The Charity also sought lo strengthen research collaboration by convening the inaugural CCUC Children's Canr Research Workshop al Riddel Hall, Queen'5 University Belfast, in May 2025. Bringing logelhér researchers, clinicians and key stakeholders, the workshop provided an important opportunity lo share emerging research, identify opportunities for collaborab'on and support the development of future paedialric oncology research. In October 2025, the Charity partnered with Childhood Cancer Ireland. Children's Hoallh Ireland and the Royal Belfast Hospital for Sick Children lo deliver the inaugural All-lsland Paediatric Oncology Conference. This landmark event brought together healthcare professionals, researcheis and partner organisakn'ons from across the island ol Ireland lo share knowledgè, strengthen collaboration and prorrrf)te excellence in paediatric cancer care and research. Ak)ngside ils investment in research, the Charity con11nued lo advoeale for improved services and research opportunities for children and young people with cancer. Working collaboratively with clinical partners and other stakeholders, the Charity supported initiatives lo strengthen paedialric oncology services, improve access trj research and clinical trials, and foster greater wllaboration acros5 the childhood cancer sector. FINANCIAL REVIEW The Charity's income for the 12 month period ending 31 October 2025 was £1,277,718, increasing from the previous financial year1£1,092,003 in 20241. Total resources expended of £815.339 increased when compared lo the previous financial year 12024. £754,180), mainly due lo the restructuring of the team, new staff roles, and move lo new headquarters. Total net assets amounted lo £4,772,904 as of 31* October 202512024.. £4.310,5271. The majority of funding comes from voluntary donations. Reserves Poll¢y The Trustees have considered the Charity's risk register, annual operating budget and known financial commitments in delemiining an appropriate reserves policy. As the Charity relies significantly on voluntary income, which can fluctuate from year to year, maintsining adequate reserves helps ensure the continuity of seNi¢es, protects against unforeseen reductions in income and enables the Charity lo meet its ongoing charitable commitrllents. For this purpose. the Trustees define free reserves as unreslricled funds excluding designated funds and amounts represented by tangible fixed assets held for the Charity's own use. Designated funds forrn part of unrestricted funds bul have been set aside by the Trustees for approved strategic projects and mulli-year commitments and are not therefore available lo rneet unforeseen financial pressures. The Trustees consider il appropriate lo maintain free reserves equivalentto e1ve months. budgeted operaling expenditure, being approximately £1,300,000. This level has been delemiined having regard to the Charity's financial risks, conlraclual obligations, staffing commitments, research programmes and other 51rategic investments. Paga 6
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCT08ER 2025 Al 31 October 2025, total unrestricted fvnds amounted to £4,772,904, of which £1,433 was represented by tangible fixed assets, giving free reserves al the year end of £4,771,471, equivalent lo approximately four years. operating expenditure and signilicsnlly above the level sel by the poltcy. Since the year end, the Trustees have resolved lo designate £3,300,000 of these funds for strategi¢ SerVe developmen15, the potential acquisition of premises and the support of future research activity, as described in note 16 to the financial slalemenls. After taking account of these designations, free reserves amount lo £1.471,471, equivalent to approximately twelve months, operating expenditure. This is marginally above the level set by the policy, reflecting funds held pending commencement of approved expenditure in the new financial year. The Trustees are satisfied that the level of reserves held is appropriate to safeguard the Charity's ongoing operations 3nd financial sustainability. The Charity's unrestricted funds are principally represented by the Charity's investment portfolio, which is managed on a discretionary basis and is readity realisable. The Trustees monitor the value of reserves in light of investment market movements as part of their regular review of the Charty's flnancial posth.on and would lake corrective action should free reserves fall materially below the policy level. The Trustees review the reseNes policy and the level of reserves held al least annually as part of the budgeting process. Should free reserves frdll below, or rise materially above, the 18rgel range. the Trustees will 8gree a plan lo restore reserves lo the target level within a reasonable period. The Trustees review the reserves policy and the level of reserves held at least annually as part of the budgeting prOss. Should free reserves fall below, or rise materially above, the target range, the Trustees will agree a plan lo restore reserves lo the target level within a reasonable period. PLANS FOR THE FUTURE Plans for the next twelve months include. Supportlng the Children's Cancer Unit The Children's Cancer Unit Chanty will continue lo enhance its support for children, young people and families while identrfying new opportunities lo strengthen the services and re provided within the Children's Cancer Unit. Building on ils exisb'ng investment in specialist posts, the Charity has Commitied lo funding a dedicated Dietician for the Unit and an additional Administrator for the Outpab'enls Clinic, recognising the irnportant contribution these roles will make lo patient care, service delivery and the overall experience of Children and families. The Charity will continue lo work closely with the newly established Adolescent and Young Adult IAYAI Service, supporting ils ongoing developfnenl IhroLJgh the continued funding ol Advanced Communication Skills Training IACSTI and exploring opportunities lo invest in additional specialist roles where need is identified. The Charty will also continue lo deliver a programme of family events, creating opportunitie5 for children and families lo spend qualty lime together and build supportNe peer connections outside ol the hospital environment. In partnership with the Children's Cancer Uni( the Charity will undertake a project lo redesign the athorf( wrthin the outpalienl clinic and Iatment rooms. helping lo create a more welcoming, child-frielld environment that enhan the experience of patients and their families. The Charity will also continue io invest in the professional development and wellbeing of the multidisciplinary team, while ensuring ils headquarters remains a valuable resource for Unil staff through the provision of meeting, training and family support space that fosters collaboration and strengthens partnership working. Page 7
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Raising Awarene$$ The Charity will continue lo raise awareness of childhood cancer, the work of the Children's Cancer Unil and the suptK>rt available lo children, young people and their families through strategic communications, education and collaborative partnerships. Building on the successful launch of the Charity's new website, a key priority for the coming year will be the development and irnplementalion of a search engine oplimisalion ISEOI strategy lo increase the Charity's digital reach, improve online visibility and ensure that families, supporters and healthcare professionals Can more easily access information about the Charity's services. The Charity will also continue to invest in high-quality digital content, developing a series of new videos to showcase the impact of ils services. This will include highlighting the specialist roles funded within the Childn,$ Cancer Unit, the Robotics Programme and the differen these initiatives make lo children and families. The Charity will conliT7ue lo slrengihen rts partnership with the School of Nursing and Midwrfery al Queen's University Belfast, supporting inilialives that inspire and develop the next generation of healthcare professionals with an Interest in paedialric oncology and haematology. The Ch8rity will also remain an active member of the Northern Ireland Cancer Charities coalOn, including ils Children, Adolescents and Young Adults ICAYAI subgroup, working collaboratively with partner organisations lo raise awareness, influence policy and improve oulctsmes for children and young people affected by cancer. Famlty Support The Children's Cancer Unil Charity will continue to work alongside the Social Work Team within the Unlt to deliver appropriate support to families, as well as lo Continue lo expand the Robotics Programme Re¢cnis1ng the Importance of supporting families beyond Irealmenl, the Charity will partnei with Cancer Fund for Children lo devebp and deliver a new bereavement support seTvice for families. We wi51 also deliver additional family events and parties lo allow children and young people lo relax and enjoy quality lime logelher in a sale space, outside of the clinical environment Fundraising The Charity will continue lo strengthen and diversify ils fundraising programme lo ensure the long-lem sustainability of ils services and support for childn with cancer and their fami15es. A key priority for the coming year 11 be investment in a dedicated Customer Relationship Management ICRMI system lo enhance supporter engagement, strengthen donor stewardship and irnprove the efficiency and effectiveness of fundraising operations. This investment will enable the Charity to better manage supporter relationships, develop more personalised communicats'ons and support future fundraising growth. The Charity will continue lo deliver a programme of flagship fundraising events, includino the Dragon 8081 Race, Abseil Challenge and other ftjndraising inilialives, while also encouraging participation in Ihird-paty ch8llenge events such as marathons and other organised events. These activities wi15 provide supporters wth a wide range ol opportunities lo engage with and raise funds lor the Charity. Alongside these events, the Charity will continue lo grow its corporate and community fundraising programmes by developing new partnership5, strengthening relationships with existing supporters and providing schools, businesses, community groups and individual fundraisers with the resources and support they need to delNer successftjl fundraising aclivilies. Through these efforts. the Charity aims lo further increase public engagement and secure sustainable income lo support its charrtable objectives. Page 8
CHILDREN'S CANCER UNIT CHARITY TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Governance and Structure The Charity will continue to strengthen its governance arrangements lo ensure it remains well positioned lo deliver ils charitable objectives and support its future growth. During the coming year, the Charity will progress the incorporation proce55 and conb'nue lo ensure full Complian with the requirements of Ihe Charity Commission for Northern Ireland and all relevant governance and regulatory obligations. The Boar(I will also strengthen its governance framework through the continued development of ils committee slruclure. Following the appointment of a new Honorary Treasuier, the Charity will further develop the work of its Audit and Risk Committee, enhancing financial oversight, risk management and organisalional assurance. Recognising the increasing importance of research within the Charity's strategic objectives, the Board will establish a Research Subcommittee and develop a Research Slral4y to guide ftjlure investment, collaboration and innovation in paediatric oncology research The Charity will also undertake a review of the Composition, skills and experience of the Board ol Trustees to identify any gaps and ensLJre Ihe Board continues io reflect the expertlse and diversty required lo support the Charity's strategic ambib'ons and long-lem) sustainability R•$•arch and Development The Children's Cancer Unil Charity will continue lo invest in research that has the potential lo improve the diagnosis, treatment and outcomes of children and young people with cancer. The Charity will build on ils existing research partnerships with the Patrick G. Johnston Centre for Cancer Research at Queen's University Belfast, Ulster University and University College Dublin, maintaining its commitment lo collaboratNe. all-island resear¢h initiatives. During the coming year. the Charity will continue lo support ils existing research funding Commitments. including its PhD studentships and collaborative research projects. while ¢ommencing the Piecision Oncology 2 IP021 programme in pathership with Ulster University and University College Dublin. This investment reflects Ihe Charity's commitment lo advancing precision medicine alld smproving treatment options for children and young people with cancer. Recognising the growing importance of research within the Charity's work, the Board will also develop a dedicated Research Strategy and establish a Research Committee lo provide slralegic oversight of research investment, strengthen collaboration with academi¢ and clinical partners, and ensure that future research funding is aligned with the Charity's mission and priorities. Trustees, responslbllltlos The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in aordanCe with applicable law and United Kingdom Accounting Standards (United Kingdom Gènerally Accepted Accounting Practice). The1aw applicable lo charities in Northern Iland qUireS the irustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial slalefnenls, the trustees are required to.. select suitable accounting policies and then apply them consistentty., Observe the methods and principles in the Charities SORP 2019 IFRS 1021.. make judgements and estimales that are reasonable and prudent", state whether applicable acwunting standards have been followed., prepare Ihe financial statements on the going concern basis unless it is inappropriate lo presume that the charty will Continue in operation. Pag6 9
CHILDREN'S CANCER UNIT CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The trustees are responsible for keeping proper accounting recoTds that disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statemen15 comply with the Charities Act (Northern Ireland) 2008. the Charities (Account5 and Reports) Regulations INorthern 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. Dlsclosurg of Information to the auditors We. the Iruslees who held office al the date of approval of these Financial Statements as sel out above, each confirn, so far as we are aware, that.. there is no relevant audit information of whh the company's auditors are unaware,. and we have taken all the steps that we ought to have taken as trustees in order lo make ouiselves aware of any relevant audit information and lo establish that the company's auditors are aware of that information. On behalf of the board Felix Mooney, Chairman Dale Page1D
CHILDREN'S CANCER UNIT CHARITY INDEPENDENT AUDITOR'S REPORT Opinion We have audited the financial stslements of Children's Cancer Unit Charity Ilhe'charilable company'l for the year ended 31 October 2025 which comprise Slalement of Financial Activities. Balance Sheet, Slalement of Cash Flows and notes lo the financial stalemenls, including significant accounting Policies. The financial porting framework that has been applied in their preparation is applicable law and United lQngdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republic of Ir8land (United Kingdom Generally Accepted Accounting Practicel. In our opinion the financial statements.. give a true and fair view of the stsle of the chantsble company's affairs as al 31 Oclokr 2025, and of its Incoming resources and application of resources, including its income and expenditure, for year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice", and have beell prepared in accordance with the requirements of the Charities Act INothem Ireland) 2008. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUKII and applible law. Our responsibilities under those standards are further described In the auditor responsibilities for the audit of the finaricial slalemenls section of our report. We are independent of the charitable company in accordan with the ethical requirements that a relevant lo our audit of the financial 51alements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities iri accordance with these requirements. We believe that the audit eviden we have obtained is sufficienl and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stalemenls, we h8ve concluded that the trustees. use of the going concern basis of accounth.ng in the preparation of the financial slalements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may Cast significant doubl on the charitable Company's ability to ntinue as a going concern for a period of at least be1ve months Iiom when the financial statements are aulhorised 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 infonnation The other informatwjn Cofflprises the infom)ation included in the trustees. annual report2, other than the financial slalements 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 fom of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so. consider whether fhe other infomalion is rnaterially inconsislenl with the financial statements or our knowledge obtained in the course of the audit or otherwise appears ID be materialty misslaled. If we idenlfy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements theMsee$. If, based on the work we have perfomed, we conclude that there is a material rnisststemenl of this other information, we are required lo report Ihal fact. We have nothing to report in this re9aTd. Page 11
CHILDREN'S CANCER UNIT CHARrrY INDEPENDENT AUDITOR'S REPORT Matters on whlch we are requlred to rgport by exception We have nothing to report in respect of the following matters in relation to which the Chartties IAc¢ounls and Reports) Regulations {Northern Ireland) 2015 require us lo report lo you if. in our opinion". the information gnien in the trustees, report is inconsistent in any material resp8Ct with the financial statements," or sufficieril accounting records have not been kept,. or the financial statements are not In agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responslbilities of trustees As explained more fulty in the trustees. responsibilities statement set out on page six, the trustees are responsible for the preparation of the finaTrcial statements and for being satisfied thatlhey give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the charitable company'5 abilty to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of xcounting Ljnless the trustees either intend lo liquidate the charitable company or lo cease operations, or have no realistic allernalive but lo do so. Auditor rosponsibilitios for the audit of the financial stat¢ments We have been appointed as auditor under section 65121 of the CharTties Act INorthern Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error. and lo issue all audttor's report that includes Dur opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audrt conducted in accordance wilh ISAS IUKI will always delecl a material misstatement when it exists. Misslalemenls can arise from fraud or error and are considered m31erial if. individually or in the aggregate, they could reasonably be expected to influence the e¢onomi¢ dècisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the FRC'S webgite at.. https'.IlWM.IrC org.uklauditorslaudit-assuraneelaudilor -s-responsibililies-for-Ih&audil-of-Ihe-fLldescription- of- the_audilorO/oE20/D800/099s_responsibililies-fof. Thls description forms part of our auditor's report. Explanation as lo what exfenl the audit was tronsider6d capablg of detecting irregularilEs, including fraud Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line wrth our responsibilities, outlined above, lo detect material misstatements in respect of irregularities, including fraud. Owing lo the inherent limitations of an audit there is an unavoidable risk that material misslalemenl in the financial statements may not be detected. even though the audit is properly planned and performed in accordance with ISA'S IUKI. The exlenl lo which our procedures are capable of detecting irregularrties, including fraud is detailed below". Based on our understanding of the company and industry, we identif1ed that the principal risks of non- compliance with laws and regulations related lo compliance with Employment Law, Environmental Regulations and Health & Safely Laws, and we considered the extent lo which non-compliance might have a material effect on the financial slalements. We also considered those law5 and regulations that have a direct impact on the preparation of the financial statements such as Cornp8nies act 2006 and applicable lax laws. The Audit engagement partner considered the experience and expertise of the engagement team lo ensure that the learn has appropriate competence and capabilities lo identify or Page 12
CHILDREN'S CANCER UNIT CHARITY INDEPENDENT AUDITOR'S REPORT 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 Controlsl and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial perf0rrnan and management bias through judgements and assumptions in significant accounting estimates. in particular in relation to significant one-off or unusual transactions. We apply professional sceplicism throughout the audit lo consider potential deliberate omission or concealment of significant trans8clions, or incDmplelelinaccurale disclosures In the financial statements. In response to these principal risks. our audit procedures included but were not limited to". Enquiry ol management on the policies and predre$ 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 dire¢tof s meetings during the year", Gaining and understanding of the internal controls established lo mitigate risk related lo 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 lo incorporate unpredictability around the nature, liming or extent of our testing-, Challenging assumptions and judgements made by management in their significant accounting estimates, including estimating useful lives of tangible fixed assels, and allowance for the impairment of old or obsolete stock", and Review of the financial statement disclosures lo undertying supporting documentation and enquiries of management. The primary responsibility for the PTevention and detection of irregularities including fraud rests Wlth those charged wrth governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may invofve collusion, forgery, intentional omissions. misrepresentations or override of internal controls. As part of an audit in accordan with ISAS (UK}. we exercise professional judgment and maintain professional scepticism throughout the audit. Vve also.. Identify and assess the risks ol material misslalement of the financial statements, whether due lo fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not delecling a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve co15usion, forgery, intentional omissions, misrepresenlalions, or the override of internal control. Obtain an understanding of inlemal control relevant lo ihe audit in Drder lo design audit predureS that are appropriate In the circumstances, bul not for the purpose of expressing an opiriion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the asonab&eness of accounting eslirnates and related disclosures made by the directors Conclude on the appropriateness of the directors use of the going concern basis of a¢counb'ng and, based Dn the audit evidence obtsined. whether a material un¢ertainty exists related lo events or conditions that rnay cast SignifinI doubl on the company's ability lo continue as a going concern If we conclijde that a material UnrtaInty exists, we are require(S to draw attention in Dur auditof s report lo the related disclosures in the financial slalements or, if sijch disclosures a inadequate. lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the dale ol our auditor's report. However. lulure events or condV(ions may cau* the company lo cease lo continue a5 a going concern. Pagè13
CHILDREN'S CANCER UNIT CHARITY INDEPENDENT AUDSTOR'S REPORT Evaluate the overall presentation, structure and conlenl of the financial statements, including the disclosures, and whether the f nancial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with govefnance regarding. among other matters. the planned swpe and timing of the audit and significant audit findings, including any signifi¢ant deficiencies in internal control that we identify during our 8udrt. Use of our POrt This report is made solely lo the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations INorthern Ireland) 2015. Our audrt work has been undertaken so that we might slate lo the charitable company's trustees those matters we are required to slate lo them in an auditor's report and lor no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charrtable company's truslees as a body, for our audit work, for this report, or for the opinions we have formed. Keith William Mcmanus FCCA (Seni Auditorl For and behalf of McGuire+ Farry Limfced Chartered Certrfied Accounlanls and Statutory Audrtors Emerson House Carryduff Belfast BT8 8DN 2? TL41J Zoji Page 14
CHILDREN'S CANCER UNIT CHARrrY STATEMENT OF FINANCIAL ACTIVITIES Ilncluding the Income and Expendituro Accounti FOR THE YEAR ENDED 31 OCTOBER 2025 202S 2024 uftrégtrictÉd Restricted lunds Totsl Total Note Income from: Donations and legacies Other trading activities Other Total in¢omg 895,863 895.863 654,782 28.420 924,283 28.420 924.283 17,837 672.619 ExpendltL¢r? on: Raising funds Charitable activities Totsl 8xpendlture 43,137 772,202 815,339 43,137 772,202 815.339 69,128 685,052 754,180 Nel gain on revaluation of investments Net in¢omo 353,433 353,433 419,384 462,377 462.377 337,823 Transfers between funds Net movement in funds 462,377 462.37f 337,823 Reconciliation of funds: Total funds brought forward Total funds carried forward 4,310,527 4.772,904 4,310,527 4.772,904 3,972,704 4,310,527 All income and expenditure derive from continuing activities. The slalement of financial activities includes all gains and losses recognised during the year. Page15
CHILDREN'S CANCER UNIT CHARITY BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2025 2025 2024 Noil Fixed assets Tangible assets Investments 1,433 4,503,126 1,790 4,025,269 4,504,559 4,027,059 Cufftnt assets Debtors Cash al bank and in hand 5,491 382,969 395,092 395,092 388,460 Creditors: amounts lalllng due wlthln one y8ar 12 1126,7471 1104,9921 Net current ass•ts 268,345 283,468 Total assèts less current liabilities 4,772,904 4,310,527 Charlty Funds Unrestricted fund8- General Funds 4.772,904 4,310,527 The financial statements were approved and aulhorised for issue by the Board on Signed on behalf of the board of trustees Signature Name, Trustee } 16 r) rfkJG Date The notes on pages 18 to 25 fom) part of these financial slalemenls. Page 16
CHILDREN'S CANCER UNIT CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OGTOBER 2025 2025 2024 Note Cash flow from operating activities Nel inctsmelllossl for the reporting period 462,377 337.823 Adjustments for.. Depreciation charges nteresl received Dividends and interest from investments Write off ol creditor balances Investrnent management lees Net gain from revaluation of investments 10 357 13.4361 114.8161 110.1681 20,019 1353,4331 447 13,7781 114,0591 18,564 1419,3841 Changes Nn.. Creditors Cash generated from operations 12 37.414 138,314 85,660 5,273 Interest received Nel cash from operating activities 3,436 141,750 3,778 9,051 Cash flow from investing activitles Addib'ons Net ¢a$h flow from investing activities 129,627 129,627 Net increase I Idecreasel In cash and cash equlvalents 12,123 9,051 Cash and cash equlvalents at the beginning of the ygar 382,969 373,918 Cash and cash equivalents at the end of the year 395,092 382,g89 Page17
CHILDREN'S CANCER UNIT CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Surnmary of slgnlfl¢ant aecounting policies lal General information and ba81s of preparatlon Childrèn's Cancer Unil Charity is a charity registered with the Charity Commission for Northern Ireland. The address of the regisleied Offi is given in the charity information on page 1 of these financial slatemenls. The charity conslilutes a public benefit entity as defined by FRS 102. The finanaal statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charitr'es preparing their accounts In accordance with the Financial Reporting Standard applicable iri the UK and Republic of Ireland IFRS 1021 (second edition, effective January 20191. the Financial Reporting Standard applicable in the United Kingdom and Repub5ic cif Ireland IFRS 1021, the Charities Act INorthern Ireland) 2008 and the Charities (Accounts and Reports) Regulations (Northern Irelandl 2015, and UK Generally Accepted Accounting Practi. The Iruslees consider that there a no material uncertainties about the charity's ability to continue as a going concern. and the financial statements have accordingly been prepared on a going Concern basls Ljnder the historical cost conventson, modrfied lo include certain items at fairvalue, including investments measured at fair value through the Statement of Financial Aclivilies. The financial statements are presented in sterling, which is the functional currency of the charity. and are rounded lo the nearosl £. The significant accounb'ng policies applied in the preparation of these financial sialemenls are set out below These policies have been Gonsislently applied lo all years presented unless othepwise slated. Funds Unrestricted funds are available for use al Ihe 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 unreslncled funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial statements. Restricted funds are funds which are lo be used in accordance with specific reslriclions imposed by donors or which have been mised by ihe charity lor 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 lo the financial stalemenls. Icl Income recognitlon All incoming resour5 are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled to the income after any performance conditions have been met. the arnounl can be measUd reliably and it is probable Ihal the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement dale in writing. If there are conditions attached lo the donation and this require5 a level of performance before enlillement can be obtained then income is deferred until those conditions are fully mel or the fulfilment of those Conditions is within the control of the charity and il 15 probable that they will be fuilled. No amount Is Included in the financial slalements for volunteer lime in line with the SORP. Further detail is gwen in the Trustees, Annual Report. Investment income is earned through holding assets for investment purposes such as shares and propety. 11 includès dividends. interest and rent. Vvhere it is not practicable lo identify investment management costs incurred within a scheme with reasonable auraCY the investment in¢ome 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 re¢ognised as the charity's right lo receive payment is established. Page 18
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Idl Expgnditure rocognition Al expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related lo the category. Expenditure is recognised where there Is a legal or constructive obligation lo make payments lo third parties, f( is probable that the selllement will be required and the amount of the obligation can be measured reliably. 11 is calegorised under the following headings.. Costs of raising funds includes of costs in¢urTed in attracting voluntary income, and those incurred in trading activities that raise funds-, Expendrture on charitable activities comprises the costs of delivering services ihe communty, togethei with supports costs incurred centrally and governance costs associated wrth the governance arrangements of the charity which are primarily associated wffch Constitutional and statutory requirements. Other expenditu represents those items not falling into the categories above. Irw0Verab VAT is charged as an expense against the activity for which expenditure arose. I costs are allocated belween the expenditure categorie5 of the SOFA on a basis designed to reflect the use of the resource. lol Tangible fixed assets Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs diredy attributable to making the asset capable of operating as inlended. Depre¢ialion is provided on all tangible fixed assets. at rates calculated lo write r)ff the CDSI, less eslimaled residual value, of each asset on a syslemalic basis over ils expected useful life as follows.. Furniture ?nd Fillings Equipment 20% Reducing balan 200/¢ Reducing balan In Investments Investments, including cash balances and money market fvnd holdings maintained as part of the investment portfolio managed by the charity's investment managers. are recognised initially al cost and subsequently measured at fair value al the balan sheet dale. Cash held by the investment managers pending reinvestment is shown within fixed asset investments rather than cash al bank and in hand. in accordan with the Charrties SORP IFRS 1021. Igl Debtors and credltors receivable I payable within one year Debtors and creditors with no ststed interest rale and reIV0b1e or payable within one year are recorded at Iransa¢tion price. Any losses arising from impairment are recognised in expenditure. Ihl Impairnient Assets not measured al fair value are reviewed for any indication that the asset may be impaired al ea¢h balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is eslimaled and compared to the carrying amount ere the carrying amount exceeds its recoverable amount. an impairment loss is recognised in profit Dr105s unless the asset is carried al a ievalued amount where the impairment loss Is a revaluation decrease. Page 19
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 111 Fund accountlng The Trust has various types of funds for which it is responsible, and which require separate disclosure. These are as follows.. Restricted funds Grants or donations received which are design8led by the donor for specific purposes. Such purposes are within the overall aim of the charity. Unreslri¢led funds- General funds Funds which are expendable al the discretion of the charity in the furtherance of the objectwes of the charity. Unrestricted funds- Designated funds Funds which have been Sel aside by the charity to act as a contingency to ensure the continuity of service. Oesignaled funds continue lo count as part of the unrestricted ndS of the charity. (il Lea$è$ The charity dassifies the lease of premises as an operating lease. The lille io th8 premises remains with the lessor. Rental charges are ch2rged lo the stslemenl of financial aclw((ies on a straight line basis over the lemi of the lease. {kl Employee benefits When employees have rended service lo the charity, short-lerm employee benefits to which the employees are entitled are recognised at the undiscounted amount expected lo be paid in exchange for that seNi¢e. The charity operates a defined wnlribulion plan for the benefit of its employees. Contributions are expensed as they become payable. 111 Tax As a charity, thè Trust is not liable to either income lax or Corporation tax. Iml Going concern The financial slalements have been prepared on a going concern basis as the Iruslees believe that no material uncertainties exist. The Iruslees have considered the level DI funds held and the expected 5evel of inwme and expenditure for 12 months from aulhorising these financial statements. {nl Judgements and key Sources of estlmatlon uncertainty The preparation of the financial statements requires the Trustees to make judgements, estimates and assLJmptions Ihal affect the amounts reported. These are based on historical experience and other factors considered relevant, and are reviewed on an ongoing basis. Actual results may differ froTn these eslimales Critical judgèments in applylng accounting policies The folbwing judgements (apart from those Involving estimates) have been made in the process of applying the above accounting policies that have had the most yigntficanl effect on amounts recognised in the financial statements.. Impairment of tangible fixeiy 8ssets - tho Trustees assess al each reporting dale whether there are indicators ol impairment of the Charity's tangible fixed assets. Factors taken Into consideration in reaching such a decision in¢lude the economic viability and expected futu performance of the asset and of the Chaiity's aclivikn'es in general. Page 20
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Income recognition- the Trustees exercisejudgement in determining whether the criteria lor recognition of grants, donations and legacies have been mel al the reporting dale, in particular whether entitlement has been established, receipt is prDbable and the amounl can be measured reliably, and whether any conditions attached lo income are performance-related conditions that defer recognff(ion until the conditions are mel. Classification of funds judgement is applied in determining whether funds received are restricted, unrestricted or endowment in nature, bas on thè terms attached by the donor or thè terms of the ielevanl appeal. Key sources of estimation unc8rtainty Useful economic lives of tangibl8 fixed assets - the annual depreciation charge Is sensitive lo the eslimaled useful lives and residual values assigned lo each class of asset. These are reviewed annually by the Trustees lo ensure they remain appiopriale, and are amended where necessary lo reflect current circumstances, taking account of the condition of the assets, expected pattems of usage and anticipated technological or other changes other income 2025 2024 Bank interest received Dividends aDd interest from investments Others 3.436 14,816 10,168 28,420 3,778 14,059 17,837 Others COTllprise historic credilor balances released to the S18tement of Financial A¢tivities during the year Following a review of aged creditor tsalan$, the trustees concluded that these amounts, which had remained unclaimed for a significant period, no longer represented a present obligation of the charity as no valid claim exists or is expected. The balances have acwrdingly been derecognised in accordance with FRS 102. The total amount was attributable lo Unrestrict funds both in 2025 and 2024. Expenditures Unre6tr¢tsd Rèstrfcted Total Funds Total Funds Fund Funds 2025 2025 2025 2024 Ralslng Funds PR and Marketing Finan servi charges 22,099 21,038 43,137 22,099 21,038 43.137 49.449 19.679 69,128 Charittible actlvltio$ Support costs (Note 41 CHU- staff costs Family and children support Project and partnership costs CHU - conference and training costs 250.524 207,288 163.216 116.226 34,948 772.202 250,524 207.288 163,216 116.226 34,948 772,202 265.109 256,753 78.485 78,283 6,422 685,082 Page 21
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Allocatlon of support ¢o$ts UJr95ctl R•strict4d Total Funds Totsl Funds Funds Funds 2025 2025 2025 2024 Support costs Staff costs Office costs lincl. rental) Governance costs INote 51 Travel expenses Insurance Depreciation 8ank Charges Total 170,985 54,808 14,799 5,624 3,587 357 364 250,524 170,985 54,808 14,799 5,624 3,587 3S7 364 250,524 128,062 69,550 62,359 2,189 2,321 181 265, 109 Gov8rnan¢e costs 202$ 2024 Audit and accountancy services PTofessional and legal fees 10,825 3,974 14,799 13,600 48.759 62,359 Net income l {expenditurel for th& yèar Net income I lexpendilurel is staled after charging I Icredilingl.. 2025 2024 Depreciation of tangible fixed assets Operating lease rentals Profil on lair value movement of investments 357 21.772 353,4331 447 20,020 419.3841 Auditor's remuneration The auditor's remunerab.on amounts lo an audit fee of £6,00012024.' £6.0001 and other services of £nil 12024.. £nill. Tru$t088' and key managgment personnel remuneratlon and 8xpenses The Iruslees neither received nor waived any remuneration during the year12024.' £Nill. The lotsl amount of employee benefits ceiVed by key management personnel is £59,49212024' £56,6401 The Trust considers ils key managemenl personnel comprise those indtviduals who have the aulhority and responsibility loi planning. directing, and controlling the actwities of the Trust. This typially includes members of the Board of Trustees. the Executive Director, and other senior management roles. No trustees are accruing pension arrarigemenls in 202512024.. Nill. The trustees did not have any expenses reimbursed during the yeai12024- £Nill. Page 22
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Staff ¢osts and •mployee benefits The average monthly number of employees and full lime equivalent IFTEI during the year was as follows.. 2025 Numbei 2025 FTE 2024 Nurnber 2024 FTE Governance The total staff costs and employee benefits were as follows.. 2025 2024 Wages and salaries Social security Other pension costs 155.700 8,922 6,383 170,985 116.751 7,108 4,203 128,062 No employees received total employee benefits lexcluding employer pension costsl of rnore Ih8n £60,000. 10 Tan9lble fixed assets Equipment Furniture and Fittings Total Cost or valuation". At 1 November 2024 Additions Disposals At 31 October 2025 7,220 72,633 79,853 7,220 72.633 79,853 Depreciation". At 1 November 2024 Charge lor the year At 31 October 2025 6,466 150 6,616 71,597 207 71,804 78,063 357 78,420 Net bix)k value-. Al 31 Odober 2025 604 829 1,433 At 31 October 2024 754 1,036 1,790 Pa96 23
CHILDREN'S CANCER UNrr CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCT08ER 2025 11 Flxed asset Investments Total Cost or valuation Al 1 November 2024 Additions Withdrawals Income received and retsined in portfolio Investment management lees deducted Net gain At 31 October 2025 4.025,269 129,627 14,816 120,0191 353,433 4,503,126 The fair value of listed investments Is determined by reference lo the quoted price for Identical assets in an adive market al thè balance sheet date. 12 Creditors: amounts falling due within one year 2025 2024 Trade Creditors Other tax and social securty Accruals 95,992 4,812 121.935 9,000 126,747 104,992 13 Anatysis of net assets between funds Unre$tyctsd Restric*d fvnd5 tund$ Total 2025 202S 2025 Fixed assets Current assets Creditors less than one year 4.504,559 395,092 126,747 4.504,559 395,092 126,747 Totsl 4,772,904 4,772.904 Uniesmcted Rethaed fvnds Total 2024 2024 2024 Fixed assets Current assets Creditors less than one year 4,027.059 388,460 104,992 4,027,059 388.460 104,992 Totsl 4,310,527 4,310,527 Page 24
CHILDREN'S CANCER UNIT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 14 Pensions schemè Defined contribution pension plans The charity operates a defined contribution pension plall lor its employees. The amount recognised as an expense in the period was £6,36312024.. £4,203). The defined contribution liability is allocated lo unrestricted fvnds. 15 Relatgd party transactions There are no related party transactions during the period. 16 Events after the reporting period Al 31 October 2025, the Charity's UnstriCted funds of £4,772,904 were hekj as general funds wrth no amounts designated al that dale. After the reporting dale, bul before the approval DI these financial statements, the Trustees resolved lo designate £3,300,000 of general unreslricled funds for the following purposes.. Strategic Development Fund £1.000,000 set aside lo provide the financial capacty lo respond to significant future developments in children's cancer services and facilities in Northern Ireland, including pilal investment, specialist equipment, therapeutic environments, family facilities and service developments ILJrthering the Charity's objectives. The timing of expenditure will depend substantially on the ¢omplelioll of the new children's hospital and the service opportunities arising from It. Premises Fund £800,000 sel aside lo enable the Charty lo acquire, adapt and refurbish suitable prem1ses should an appropriate opportunity arise. The Charity currently operates from rented premises. and the Trustees consider that ownership would strengthen long-terrn operational sustaifjability and improve the facilities from which services are delivered lo beneficiaries. The Trustees anb'cipate that an acquisition could lake place during the year ending 31 October 2027, subject lo iotenlificalion of suitable premises, a full business case, independent professional advice and formal Trustee approv81. Research Fund - £1.5QO,QOO sel aside lo support the Charity's future research a¢tivily. No amounts have been designated lo individual research projects. Amounts will be applied lo research projects as and when they are approved by the Trustees. The designations do not represent legal or conslrucb've OblallOnS ofthe Charty and may be amended or released by the Trustees at their discretion. As the Trustees, resolution was made after the reporting date, this is a non-adjusling event and the designations are not reflected in the funds ol the Charity at 31 October 2025. They will be refleded in the fi'nancial statements for the year ending 31 October 2026. 17 Comparative figures Some comparats've figures in the Balance Sheet, Statèment of eash flows, Note 9 Staff costs and employee benefits, and Note 14 Pensions scheme have been changed for presenlatitsn purposes only. The changes have had no effect in the net income. Pa9e 25