Chariiy registration number NIC108048 Company registration number N1669172 (Northern Ireland) NIPANC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
NIPANC LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms L Strutt Mr l Mcmlnn MBE (Chairperson) Ms S McLaughlin Mr B Grnymek Mr R Carson Mr M Taylor Ms Cathy Booth (Appointed 30 December 2023) (Appointed 30 December 2023) (Appolnted 30 Dacember 20231 MrA C¢Joke Mr B Magennis Secretary Mr R Carson Charlty number NIC108048 Company number N1669172 Rgglstèrad office 384 Belmont Road Belfast CO Antrim BT4 2NF Independent examlnor Harblnson Mulholland Centrepolnt 24 Ormeau Avenu8 Belfast Co. Antrirn Northern Ireland BT2 8HS
NIPANC CONTENTS Page Trustees, report Independent examlnerfs report ststement of flnanclal act5vltles Statement of flnanclal p08itlon Note8 to the flnancSal ststements 6-12
NIPANC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 APRIL 2023 The trustees pr858nt their report and financial statements for the year ended 30 April 2023. The Charity was incorporated on 29th April 2020 and commenced operatlons from thls date. The financi81 statements have been prepared in accordance with the a¢Unting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accountlng and Reporting by Charltles: Statement of Recommended Practice appllcable to charities preparing thelr accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) (effectiva 1 January 2019)" Objoctlvos and actlvltles NIPANC Is a Northern Ireland charlty working to improve the outcomes of pancreatic cancer by.. Increasing public understanding of this cancer Promotlng awareness of the cancer's slgns and symptoms by both medical professlonals and members of the public Funding vital resèarch Supporting patients and thelr families NIPANC has its roots In a group of people affected by pancreatic ¢an¢er Coming together for support and to ralse funds to promote better dlagnosis and treatment for future patlents. The trustees have paid due regard to guidance issued by th8 Charlty Commlsslon in deciding what activities the charity should undertake. Achlevemont8 and performanco The past business year has been a time of steady growth and consolidation for NIPANC. Durlng thls period. It has achieved considerable success in progressing work on Its three maln business goals: ralslng public awareness of Pan¢reatlc Cancer, funding necessary research and supporting the families of those affected. Durlng the year, the Charlty has conslderably ralsed its game In communicating effectively wlth the publlc In Northern Ireland through a professional focused use of public relations and soclal media platfomis. NIPANC'S publlshed information has also been helpful to Pancreatlc Cancer patients and their families. Building on Its very successful 'fime Matter. campaign In 2021, NIPANC achleved even greater public vlslblllty through Its 2022 follow-on 'Tlme Matters, campaign. Thls drew on the testimonies of children who had suffered loss through Pancreatic Cancer to increase publlc awareness of the conditlon, Its symptoms, and the importance of earfy referral. The success of NIPANC'S publlc awareness campalgns was reflected in the steady Increase In the number of Individual, famlly and corporate donors, who ralsed money during the year to support the charities key objéctlves. Thanks to this funding NIPANC was able to finance an Important clinical audit of the experlences of Pancreatic Cancer patients in 2019 and 2020, due to report In Spring 2023. The audit's prellminary findlngs indicate that the audil wlll be invaluable in focuslng targeted research golng forward. NIPANC also developed a close worklng relationship with Queen's Unlverslty Belfast and Focus Games, fundlng and developlng the first digital game lo promote public awareness about pancreatic cancer. The game app was launched during Pancreatic Cancer Awareness month in November 2022. Buildlng on the early success of Ihls initiative. NIPANC has commissioned a more advanc8d and cllnlcally focused version, directed at health professionals. to be launched in 2023. NIPANC continues to provide support for affected families but recognises that this is an area which will require greater input going fomard. We are currenlly exploring how to provide more effective support to families. complementing statutory prov15i0n.
NIPANC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023 NIPANC Is maturing as a charity and, rgflecting Its slgnlffeanl development in th8 past few years. Is currently rgvlewlng Ils straleglc objectives. Th6 charily is achleving positive recognltion for Its awareness-raising work and Its research funding 15 set lo Increase slgnificanlly golng foard. NIPANC15 also in discussions with other Canc6r Charities to establish how it can work In partnership wllh them to provSde bgtter servlces for famllles touched by PanGr8atlG Cancer. Overall. a very succ8ssful year bul stlll much to b8 done! Flnanclal revlow The income for the period was £257,645 and gxpgnditure was £58.231. Thls leave8 8 surplus of £199.414. It is the policy of the charity that unr8strlcted funds which have not been de81gn8ted for a specific us8 should be maintsined at 8 level equlvalent to b8tween three and six month's exp8nditure. The twstees conshlers that reseNes at thi8 levél will ensure that, in the evènt of a signlfic8nt drop in funding, they will be ablè to continue Ihè charlty's current acllvltles while consld8ralion Is given to ways In whlch addltional funds may be ralsed. This level of resèrves has been maintained Ihroughout the year, The trustees have assessed the malor rfsks to which th8 Charity Is exposed, and are satisfied that systems are In placè to mitigate 8xposur8 lo the m8Sor ri8ks. 8tructuros gov9rnanc• and management The trustees, who are also the directors for the purpose of comp8ny law, and who seNed during the year and up to th8 dato of Snature of the financial statements were: Ms L Strutt Mr l Mcmlnn MBE (Chairperson) Ms S McLaughlln Ms K Irvine Mr B Grzymek Mr R Carson Mr M Taylor (Reslgned 5 March 2023} Thetr ee re Was approve y tha Board of Trustees. Mr l Mcmlnn MBE (Chalrper Trustee
NIPANC INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NIPANC We port to the trustees on our examination of th8 financial statements of NIPANC (the Gharily) for the year ended 30 April 2023. Responsibillties and basls of report As the trustees of the charity {and also Its directors for the purposes of comp8ny18wI you are responsible for the preparation of the financial statements and you have considered the audit requlrement of Section 65{3) of the Charities Act INI) 2008 (the Act). Havlng satisfied ourselves that the charity is nol subjed to audit under company law, and is ellgible for independent examination, It is our responsibility to.. examine the accounts under sectlon 65 of the Charltles Act (Northern Ireland) 2008., follow the procedures lald down in the general Directlons given by the Charlty Commission for Northern Ireland under section 6519){bl of the Charltlas Act. state whether particular matters have come to our 8ttention. Independent oxamlnerf5 Stat•m8nt Since the charity's gross Income exceeded £250,000 your examlner must be a member of a body listed In sectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , whlch is one of the listed bodles, We have examined your charlty accounts as requlred under Section 65 of the Charlt18s Act and our examination was carrled out in Bccordance with the general Dlreclions given by the Charily Commission for Northern Ireland under sectlon 6519llbl of the Charities Act. The examination included a revlew of the accountlng records kept by the charity and a comparison of the accounts presented wllh those records. It also Included consideration of any unusual ilems or disclosures in the accounts, and seeklng explanations from you a5 charity truste8s concerning any such matters. Our role is to stste whether any material matters have come to our altention glvlng us cause to believe.. That accounting records were not kept in rospect of the charlty as requlred by sectlon 386 of the 2006 Act., or the financl81 statements do not accord with those records., or That the flnanclal statements do not comply wlth the accountlng r8qulrements of section 396 of the Companies Act 2006 and with th6 methods and prlnclples of the Charities Slalement of Recommended Practice applicable to charlties preparing their accounts In ac¢ordanc8 with the Flnancial Reporting Stsndard applicable In the UK and Republlc of Ireland. That the Is further Informatlon needed for a proper understandlng of th8 accounts to be ffjached, We have completed our ex8mlnatlon and have no concerns in spect of the rnatters (1) 10141 listed above and, In connection with following thè Dlrecllons of Ihe Charlty Commission for Northern Ireland, we have found no matters that require drawlng to your attentlon. Harbln8on Mulholland Centrepolnt 24 Orm&au Avenue Belfast Co. Antrlm BT2 8HS Northem Ireland Daled:
NIPANC STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2023 Unrgstrl¢ted Unrestrfcted funds funds 2023 2022 Notè8 Income from: Donations and legacies Investments 257,577 68 121,531 20 Totsl In¢om• 257,645 121,551 Ex endlture on: Charltsble activities 58,231 66,728 Not Income for tha yoarl Not movement In funds 199,414 54,823 Fund balances at 1 May 2022 99,288 44,465 Fund balance8 at 30 Aprll 2023 298,702 99,288 The statsm8nt of flnanclal 8Ctivities Includes all galns and losses recognised in tha year. All income and exp8ndlture derive from contlnulng activitias. The ststement of Ilnanclal activities also complles with th8 requlréments for an income and expendlturg account under the Companles Act 2006.
NIPANC STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2023 2023 2022 Notes Current 38Sots Stocks Debtors Cash at bank and In hand 11 12 200 4,945 294,557 1,200 1.809 97,579 299,702 100,588 Cradltor•: amounts falllng du• wlthln on• y•ar 13 (1.000) (1,300) Net current ass8ts 298,702 99,288 Incomé funds Unrestric ed fun Deslgnaled funds General unrestricted funds 14 40,000 258,702 99,288 298.702 99,288 298,702 99,288 The company Is enlllled to th8 exemption from the audlt raqulrement containad In 8ectlon 477 of the Companl8s Act 2006, for the yaar ended 30 April 2023. The dlrectors acknowledge their responsibilities for complying with the requirements of the Companles Act 2008 with respect to accounting records and the preparation of financial 8tst8ments. Th8 mombérs have not required ihg company lo obtain an audll of its Ilnancial Ststements for the year In quagkn'on In accordance wlth $&cllon 476, Thege financlal ststements have been prèpared In 8cwrdance wlth the provlsions applicable to companles sublect to the small companies regime. The finan ments we pproved by the Trustees on 2f Mr l McMSnn MBE (Chair Trustee Company reglstratlon number NlO09172
NIPANC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 Accountlng policies Charlty Informatlon NIPANC is a privatè company Ilmited by guarantee Incorporated in Northem Ireland. The règistered office is 384 Belmont Road, Belfast, CO Antrim, BT4 2NF. 1.1 Accountlng conventlon The financial ststements have been prepared In accordance with the charlty's governing document, th6 Companies Acl 2006. FRS 102 "The Financi81 Reporting Siandard appllcable In the UK and Republic of Ireland" ("FRS 102") and the Charitles SORP 'Accounling and Reporting by Charlties: St8iement of Recommended Practice applicable to charities preparing thelr accounts in accordance With the Financial Reporting Standard applic8ble in the UK and Republlc of Ireland (FRS 102)" (effectlve 1 January 2019). The charity is a Publlc Benefit Entlty as defined by FRS 102. The ¢harlty has taken advantage of the provisions in the SORP for Charltles not to prèpare a Statement of Cash Flows. The flnanclal statements are prepared in slerllng. whl¢h Is the functlonal currency of the charity. Monetary amounts In these financial statemants ar8 rounded to the nearest £. The financial statements have been prepared under the historical cost conventlon, modlfled to include the revaluation of freehold properties and to include Investment properties and cértain flnanclal Instruments at fair value. The principal accounting pollcles adopted are set out below. 1.2 Golng concern At the tlme of approving the financlal statements, the trustees have a reasonable expectation that the charlty has adequate resources to continue in operatlon81 exlstence for th8 foreseeable future. Thus the trustees continue lo adopt the going concern basls of accounting in preparing the financlal statements. 1.3 Charltsbl• fund8 Unrestricted funds are avallable for us8 8t the dlscretlon of the trustees In furtherance of thelr ch8ritsble objectivès. Restrlct6d funds are sublect to speclfic conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financlal statements. Endowment funds ar8 sublect to speclflc conditions by donors that the ¢apltal must be malntalned by the charily. 1.4 Incomo Income Is recognised when the charlty Is legally entitled to it 8fter any perfomiance condltions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on r8ceipl. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distrlbutlon, th8 amount is known, and receipt is expeded. If the amount Is not known, the legacy is treated as a contingent asset.
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023 Accountlng pollcies (Continued} 1.5 Expendltura Expenditure is recognised once there is a legal or constructlve obllgalion to transfer economic beneflt to a third party. it Is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Exp8ndllure Is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs Involved in undertaking each actlvity. Direct costs attributablè to a slngle activlty are allocated directly to that activity. Shared cosls whlch contribute to more than one activlly and support costs which are not attributable to a slngle activity are apportioned between those activities on a basis consistent with the us8 of resources. Central staff costs are allocated on the basls of time spent, and deprecl8tion charges are allocated on the portion of the asset's use. Resources expended are includad In the Statement of Financlal Actlvlties on an accrual basis, èxcluslv6 of any VAT which can b8 recovered. Charitsble expendlture comprlses those costs incurred by the charlty In the dellvery of Ils actlvlt188 and servlces for its beneficiaries, It Includes both costs that can be allocated directly to such activities and those coasts of an Indired nature necessary lo support them. Governance costs include those costs associated with meeting the constitutional and statutory requlrements of the charity and Include the audit fees and costs Ilnked to the strategic management of the charlly. All costs are 8llocated betweén the expenditure categories of the Statsrnent of Flnanclal Activities on a bas18 designéd to refloct the Ljse of the resource. 1.6 stocks Stocks are stated at the lower of cost and estimated selling prfce le55 Costs to complete and sell. Cost mprlses direct materials and, where applicable, direct labour costs and those overheads that have been Incurred in bringing the stocks to their present location and condition. Items held for dlstrlbutlon at no or nomln81 conslderation are m8asured the lower of replacement cost and cost, Net realisable v81ue Is the esllmat8d selllng prlce less all estimated costs of completlon and costs to be Incurred In marketlng, selling and distrlbutlon. 1.7 Cash and cash equlvalonts Cash and cash equivalents Include cash in hand, deposlts held at call with banks, other short-terffl liquid Investments wlth orlglnal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings In current liabilities. 1.8 Flnanclal Instrumonts The charity has elected to apply th8 provlsions of Seclion 11 'Basic Flnancial Instruments, and Sectlon 12 'Other Flnanclal Instruments Issues, of FRS 102 to 811 of its financial instruments. Financial instruments a recognised in the charity's balance sheet whèn thè charfty becomes paty to the contractual provlslons of the instrument. Financlal assets and liabilities are offset, with the net amounts presented in the flnancial statements, when there is a legally enforceable right to set off the recognised amounts and there is an Intention to settle on a net basis or to realise the assel and settle the liability simultaneously.
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023 Accountlng policies (Contlnued) Baslc flnancial assets Basic financlal assels, which include debtors and cash and bank balances, are initially measured at transaction price including tr8nsaction costs and are subsequently carried at amortised cost using tha 6ff6cllve Interest method unloss the arrangement constitutes a financing transactlon, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets dassified as receivable withln one year are not amortised. Ba51c flnanclal liabilities Basic financial liabilllles, Includlng credltors and bank loans are initially rècognls8d at transactlon prlce unless the arrangement constitutes a financlng transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Fln8nclal Ilablllt18s classlfl8d as payable within one year are not amortised, Debt Instruments are 8ubsequently Carrled at amortlsed cost, uslng the effective interest rale method. Trade cr8dltors are obligation8 to pay for goods or services that have been acquId in the ordlr)ary course of operation5 from suppliers. Amounts payable are classified as current li8bllities if payment is due within one year or less. If not, they are presented as non-current liabllltles. Trade creditors are recognlsed initially at transaclion price and subsequently measured at amortised cost using the effective interest m8thod. Deracognltlon of flnanclal Ilabllltles Financlal 118bllities are derecognlsed when the charlty's contractual obligations expire or are dlscharged or cancelled. 1.9 Employee ben8flt8 The cost of 8ny unused holiday entrtlement Is recognised In the period in which the émployee's services are recelved. Terminallon beneflts are recognised immediately as an expense when the charlty Is demonstrgbly commltt8d to t8rmlnate the employmènt of an employee or to provlde termination benèfits. Crltlcal accountlng ojtlrnatès and Judgement8 In th8 appllcatlon of the charity's accountlng pollci8s, the trustees are required to make ludgamenls, estlmatss and assumptlons aboul the carrylng amount of assets and Ilablllties that are not readlly apparent from other sources. The esllmates and associated assumptlons are based on historlcal experience and other factor8 that are considered to be relevant. Actual results may differ from these estlrnates. The estimates and underlylng assumptlons are reviewed on an ongolng basls. Revlslons to accounting estimates are recognlsed in the period In which the estimate is revised where the revision affe¢ts only that period. or In the pgriod of the revlslon and future periods where the revislon affecls both current and future Periods.
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023 Donations and legaclos Unrestrlcted Unrestrtcted funds funds 2023 2022 Donations and gifts Gift ald 247,495 10.082 117,872 3,659 257.577 121,531 Inv•8tmont8 Unr•8trlct•d Unro8trlctsd fund8 funds 2023 2022 Interest receivable 68 20 Charltable actlvltlas 2023 2022 Staff costs Merchanoise and dothing Prlntlng, postage and statlonary Website, social madla and IT AcUntancY and professlonal fee8 Insurance Event costs Bank charges Campaign costs Training costs Mlleage 3,805 5,661 707 20,598 133 427 12,142 667 11,520 1,040 331 6,434 5,374 11,704 35 372 828 216 531 57,031 25.590 Grant funding of activities (see note 6) Share of govemance costs (see nots 7) 39,638 1,500 1,200 58.231 66,728
NIPANC NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023 Grants payable 2022 Grants awarded 39,638 Support costs support Govomanco costs ost8 2023Support costs Gov8rnan¢e costs 2022 Accountancy 1,200 1,200 1,500 1,500 1,200 1.200 1,500 1,500 Analysed between Charitable acllvltles 1,200 1,200 1,500 1,500 Tru8to05 None of the trustees lor 8ny persons conn8Cted wlth them) received any remuneration or benefits from the charity during the year. Employee# The average monthly number of employees durlng the year was.. 2023 Numbor 2022 Numbor Employment Colts 2023 2022 Wages and salaries 3,805 There were no employees whose annual remuneration was more than £60,000. 10 Taxatlon The Charity is exempt from lax on Income and gains falling within seclion 505 of th8 T8xes Act 1988 01 ¥ectlon 252 of th8 Taxation of Chargeable Gain5 Act 1992 to the extent that these are applied to ils charitable objects. 10-
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023 11 Stocks 2023 2022 Flnished goods and goods for resale 200 1,200 12 Debtors Amounts falllng duo wlthln one year: Trad6 debtors Prepayments and accrued income 2023 2022 4,782 163 1,778 31 4,945 1,809 13 Credltor8: amounts falllng due wlthln on• y•ar 2023 2022 Accruals and deferred income 1.000 1,300 14 Deslgnatad fund• The income funds of the charity Include the following designated funds which have been Set aside out of unr6slricted funds by thè trtsslees for speciflc purposes., Balanc• at 1 May 2922 Tran•f•r• 8al&nc• at 30 Aprll 2023 Research 40.000 40,000 40.000 40,000 15 Analys18 of net assets between fund8 Unr88trlcted Unrestrlcted funds funds 2023 2022 Fund balance5 at 30 April 2023 ar6 represented by: Current asselsl(liabililie8) 298,702 99,288 298,702 99.288
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023 16 Rolated party iransa¢tions Durlng the financlal year a numb8r of dlréctors made donations to the company amountlng to £7,185 (2022.. £2,820). 12-