Charity reglstration number NIC108048 Company registratlon number N16691721Northern Ireland) NIPANC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
NIPANC LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr l Mcminn MBE (Chairperson) Mr R Carson (Secretsry) Ms C Booth MrA Cooke Mr B Grzymek MBE Mr B Magennis Ms S McLaughlin Ms L Strutt Mr M Taylor {Appointed 30 December 2023) (Appointed 30 De¢ember 2023) (Appointèd 30 December 20231 Secretary Mr R Carson Charity number NIC108048 Company number N1669172 Registored office 384 Belmont Road Belfast CO Antrim BT4 2NF Independent examiner Harbinson Mulholland 6th Floor East Towér Lanyon Plaza 8 Lanyon Place Belfast Co. Antrim BT13LP
NIPANC CONTENTS Page Trustees, report Independent examinerfs report Statement of finanGial aclivities ststement of financial position Notes to the financial statements 6-13
NIPANC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 APRIL 2024 The trustees present their report and financial statements for the year ended 30 April 2024. The Charity was incorF)orated on 29th April 2020 and Commenced operations from this dale. The financial statem8nts have been prepared in accordance with the accounting policies set out in note 1 to the rinancial statements and comply with th8 charity's govaming document, the Companies Act 2006 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th6 UK and Republic of Ireland {FRS 1021 (effective 1 January 2019)" Objectives and activities NIPANC is a Northern Ireland charity working to improv8 th8 Outcomes of panGreatiG cancer by: Increasing public understanding of this canr Promoting awareness of the cancer's signs and symptoms by both medical professionals and members of the public Funding vital research Supporting patients and their families NIPANC has ils roots in a group of people affected by pancreatic cancer coming together for support and to raise funds to promote better diagnosis and treatment for futur8 patients. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and perforniance As NIPANC approaches its sixth year as a regis18red charity it continues to grow and develop to address its three key objectives= raising awareness of Pancreatic Cancer and its symptoms,. funding necessary research. and supporting affected families. This year has seen important progress in each area. In 2023-24 NIPANC'S annual Pancreatic Cancer Awareness campaign was built on th8 success of previous years. The theme for the campaign in 2023 was survivors of Pancreatic canr. The month-long campaign aired poignanl accounts from survivors. highlighting the nature of Pancreatic Cancer, its impact on their families and the importance of eady diagnosis and treatment. The campaign once again attracted great interesl from the media and was successful in putting a human fa on the impact of Pancreatic Cancer and the importance of seeking early diagnosis. This campaign, and those of previous years, has helped NIPANC in significantiy raising public awareness of Pancreatic Cancer. as well as signposting its work. On the research front. the clinical audit of Pancreatic Cancer cases which NIPANC funded in 2022-23 reported. The audit provided an important updating of information on the prevalence of Pancreatic Cancer the Northgrn Ireland, highlighting the very low survival rates and the need for earlier detection of the cancer. The audit raised a number of questions about Gurreni practice and d8tection rates which will generate further research. Work also continues, in collaboration with Queens University Belfast and Focus Games on the development of a garning app, directed at clinicians, to help thgm to recognise P8ncreatic Cancer symptoms 8arlier. Completion, th8 app will be incorporated in clinical courses at Queens University. NIPANC is working with its clinical advisors, group to identify significant research projects which its support would facilitate going fomard. In addition, NIPANC Is now supporting t0 PhD students at Queens University researching aspeds of Pancr6atic Cancer support and treatment, anoth8r collaborative approach set to grow in the coming years. In the area of family support, and in partnership with Cancer Focus, NIPANC is funding 50 % of a counsellor post, to support Pancreatic Cancer patients and th&ir families with a commitment to grow this seNic8 as necessary, in response to demand. NIPANC is also providing grant aid lo affected families as part of its 'making memories. initialive as well as funding professional farnily photographs for affected farnilies.
NIPANC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 During the year NIPANC was angaged in the important development of a dinical pathway for Pancreatic Cancer treatments, agreed in late 2023. as a collaborative venture between the Department of Health, NIPANC and Pancr8atic Cancer UK. This is to provide a model for similar developments covering other cancers. Finally, NIPANC would wish to thank the friends, families and work collèagues of those affected by Pancreatic Cancer for their support in fundraising. Whilst NIPANC rais6s funds directly through ils annual Pedal the Periph8ry event, its Charity Ball and through other smaller initiatives. NIPANC still relies heavily on th8 external fundraising of those affected by Pancreatic Cancer and the generosity of the wider public. The money raised through everything from coffee mornings, marathon runs, charity auctions and even world records in non-stop drumming is making a real differencg. Financial review The income for the period was £377,483 and expenditure was £200,170 . This leaves a surplus of£177,313. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at Ihis level will ensure that, in the event of a signifiGant drop in funding. they will be able to continue the charity's current activities while consideration Is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees along with their research panel are continually considering various research projects but no funds have been committed yet hence the considerable funds presently being held by the Charity. It is hoped that a suitsble research project will be identified in the near future. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The trustee5, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial stat8ments were: Mr l Mcminn MBE (Chairperson) Mr R Carson (Secrètary) Ms C Booth MrA Cook6 Mr B Grzymek MBE Mr B Magennis Ms S McLaughlin Ms L Strutt Mr M Taylor (Appointed 30 December 2023) (Appointed 30 December 20231 (Appointed 30 December 2023) Th8 trusleas, ortwasa ved by the Board of Trustees. Mr l Mcmlnn MBE (Ch Trustee Dated.. on)
NIPANC INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NIPANC We report to the trust8es on our examination of the financial statements of NIPANC (the charity) for the year ended 30 April 2024. Respons¥bllltles and basls of rèport As the trustees of th8 charity {and also its directors for the purposes of company law) you are responsible for the preparation of the financ¢al statements and you hav8 considèred the audit requiremenl of Section 6513} of the Charities Act (Nl} 2008 (the Act). Having satisfied ourselves thal the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to.. examine the acGounls under section 65 of the CharitiesAct {Northern Ireland) 2008- follow the procedures laid down in th8 general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Ad., stste whether particular matters have come to our attention. Independent examiner's Statement We have examined your charity accounts as required under Section 65 of the Charities Act and our exarnination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65191(b) of the Charities Act. The examination included a review of the accounting records kept by th8 charity and a comparison of Ihe accounts presented with thosé r8cords. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity trustees conceming any such matters. Our role is to state whether any material matters have come to our attention giving me cause to believe: That accounting records were not kept in respect of the Charity as required by section 386 of th8 2006 Act-, or the financial statements do not accord with those records-, or That the financial statements do not comply with the accounting reqL*irements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of R8comm8nded Practi applicabla to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Républic of Iraland. That there is further information needed for a proper understandlng of the accounts to be reached. We havé completèd our examination and have no concerns in respect of the matters {1) to {4) listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland, we have found no matters that require drawing to your attention. Harbinson Mulholland 6th Floor East Tower Lanyon Plaza 8 Lanyon Pla Belfast Co. Antrim BT1 3LP Dated-.
NIPANC STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 Unrestricted funds 2024 Restrlcted funds 2024 Total Unrestricted funds 2023 2024 Notes Income from: Donations and legacies Investments 356,342 6,141 15,000 371,342 6,141 257.577 88 Total Incoma 362,483 15,000 377,483 257,645 Expendlture on: Charitable activities 197,970 2,200 200,170 58,231 Total expendlture 197,970 2.200 200,170 58.231 Net income and movemenl in funds 164,513 12,800 177.313 199.414 Re¢onclllation of funds: Fund balances at 1 May 2023 298,702 298,702 99.288 Fund balances at 30 April 2024 463,215 12,800 476,015 298,702 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Gontinuing activities.
NIPANC STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2024 2024 2023 Notes Current assets Stocks Debtors Cash at bank and in hand 11 12 700 8,134 468,181 200 4,945 294,557 477,015 299,702 Creditors: amounts falling due within one year 13 (1,000} (1,000) Net current assets 476,015 298.702 Net assets excludlng pension liability 476,015 298,702 The funds of the ¢harlty Restricted income funds Unrestrictéd funds 14 12,800 463,215 298.702 476,015 298,702 The company is entitled to the exemption from the audit requirement Gontained in section 477 of the Companies Act 2006, for the year ended 30 April 2024. The directors acknowledge Iheir responsibilities for complying with the requiremants of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtsin an audit of its financial statements for the year in question in accordance with sertion 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The fina ial sta ements wer8 approved by the trustee5 on ........... Mr l Mcminn MBE (Chair Trustee Company registration number N166 172 (Northem Ireland)
NIPANC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Accounting pollcles Charlty Infomiatlon NIPANC is a private company limited by guarantee incorporated in Northern Ir81and. Th8 r8gistered office is 384 Belmont Road, Belfast, CO Antrim, BT4 2NF. 1.1 Accounting Convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" l°FRS 102") and the Charities SORP "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 IFRS 102). (efféctive 1 January 2019). The charity is a Public Benefit Entity as defin8d by FRS 102. The charity has tsken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of tha charity- Monetary amounts in th8se financial statements are rounded to the nearest £. The financial statements have been prepared under Ihe historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set oul below. 1.2 Going concem At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricled funds are availab18 for use at the discretion of the trustees in furth8rance of their charitable objectlV8S. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subj8Ct to specific conditions by donors that the capit81 must bè maintained by the charity. 1.4 Income Income is reoognised when the charity is legally entitled to it after any perfornian conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tsx 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 othetwise if the charity has been notrfied of an impending distribution. the amount is known, and receipt is expected. 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 30APRIL 2024 Accounting policies (Contlnued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefft 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. Expenditure is classified by activity. The costs of each activity are mad8 up of the total of direct costs and shar8d costs, including support costs involved in undertaking each activity. Direct costs attributab18 to a single a¢tivity ar8 allocated diredly to that activity. Shared costs which contribute to mor8 than one activity and support costs which are nol attributable to a single a¢tlvity are apportioned between Ihose activities on a basis consistent with the use of resources. Central staff costs are allocated on tho basis of time spent, and depr8ciation charges are allocated on the portion of the asseys use. Resources expended are included in the Statement of Financial Activities on an accrual basis, exclusive of any VAT which can be recovered. Charitable expenditur8 comprises those costs incurred by the charity in the delivary of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those coasts of 8n indirect nature necessary to support them. Govèrnance costs include those costs associated with meeting the constitutional and statutory requirements of tho charity and include the audit fees and costs linked to th9 Strategic management of the charity. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. 1.6 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, whar8 applicable, direct labour costs and thos6 overheads that have been incurred in bringing the stocks to their presenl location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacernent cost and cost. Net realisable value is Ihe estimated sèlling price less all estimatad costs of complelion and costs to be incurred in marketing, selling and distribution. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposils held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts 8r8 shown within borrowings in current liabilit18S. 1.8 Flnancial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issu8s' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presenled in the financial 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 asset and settle the liability simultaneously.
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accounting policles {Continued) Baslc flnan¢ial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interesl method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc financlal Ilabilides Basic financial liabilities, including creditors and bank loans are initially r8cognised at transartion Pri unless the arrangement constitutes a financing transaction, where the dabt instrument is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable within on8 year ara not amortised. Debt instruments are subséquently carried at amortis8d cost, using the effective interest rat6 method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pric8 and subsequently measured at amortised cost using the effective interest method. Derecognttlon of flnancial Ilabilities Financial liabilities are derecognised when the charity's conlractual obligations expire or are discharged or cancelled. 1.9 Employee beneflts The cost of any unused holiday entitlemenl is recognised in the period in which the employee's seNices are received. Termination benefits are reoognised immedi8t8ly as an expensè when the charity is demonstrably committed to tenTtinate the employment of an employee or lo provide termination benefits. Crltlcal accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors Ihat are considered to be relevant. Actual rèsults may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which tha estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Donations and legacles Unrestrlcted Restri¢ted funds funds Total Unrestricted funds 2024 2024 2024 2023 Donations and gffts Gift aid 327,778 28,564 15,000 342,778 28,564 247,495 10,082 356,342 15,000 371,342 257,577 Income from investments Unrestricted Unrestrlcted funds funds 2024 2023 Interest receivable 6,141 68
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Expenditure on charltable activitles Charitable activlties 2024 Charitable activitles 2023 Dlrect costs Staff costs Merchandise and clothing Printing. postage and stationary Website and IT PRISoGial media Accountancy and professional fees Insurance Event costs Bank charges Campaign costs Training costs Mileage Conference costs Sundry 3,805 5,661 707 20,598 6,210 5,720 870 50,124 133 427 12,142 667 11,520 1,040 331 455 61.408 5,042 6,913 405 686 137,833 57,031 Grant funding of activities (see note 61 61,137 Share of support and governance costs (see note 7) Gov8mance 1,200 1,200 200,170 58.231 Analysis by fund Unrestrscled funds Restricted funds 197,970 2,200 58,231 200,170 58,231 Grants payable 2024 2023 Grants awarded 61,137 61,137 10-
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Support costs Support Governance costs costs 2024Support costs Govemance costs 2023 Accountancy 1,200 1,200 1.200 1.200 1,200 1,200 1.200 1,200 Analysed between Charitable activities 1,200 1,200 1,200 1,200 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Employees The averag6 monthly number of 8mployees during the year was: 2024 Numb8r 2023 Number Employment costs 2024 2023 Wages and salaries 3,805 There wer8 no employees whose annual remuneration was more than £60,000. 10 Taxatlon The charity is 8xempt from tax on income and gains falling within sedion 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 11 Stocks 2024 2023 Finished goods and goods for resale 700 200 11
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 12 Debtors 2024 2023 Amounts falllng due withln one year: 8,095 39 4.782 163 Trade debtors Prepayments and accrued incom6 8,134 4,945 13 Creditors: amounts falllng due wlthin one year 2024 2023 1,000 1,000 Accruals and deferred income 14 Restrlctèd funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may ba used. At 1 May 2023 Incomlng resources Resources expandèd At 30 April 2024 12,800 Making Memories 15,000 (2,200) 15 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. Thase include designated funds which have be8n set aside out of unrestricted funds by the trustees for specific purposes. Transfers At 30 April 2024 At 1 May 2023 Incoming Resources resources expended 32,261 (32,261) 72,261 390,954 Designated General funds 40,000 258,702 362.483 {197,970) 298,702 362,483 (197,970) 463,215 Transfers At 30 April 2023 Previous year: At 1 May 2022 Incoming resources Resourc8s expended 40,000 (40,000) 40,000 258.702 Designated General funds 99,288 257,645 (58,231) 99,288 257,645 (58,231) 298,702 12-
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 16 Analysis of net assets between funds Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 30 Aprll 2024: Current assetsllliabilities) 463,215 12,800 476,015 463,215 12,800 476.015 Unrestricted funds 2023 Restrlcted funds 2023 Total 2023 At 30 Aprll 2023: Current assetsl(liabilities) 298,702 298.702 298,702 298.702 13-