Charlty registrallon number NIC1081M8 (Northem Ireland) Company reglstratitsn number N1669172 NIPANC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
NIPANC LEGALAND ADMINISTRATIVE INFORMATION Trustaes Mr l Mcminn MBE (Chairperson) Mr R Carson Ms C Booth MrA Cooke Mr 8 Grzymek MBE Ms S McLaughlln Ms L Strutt Prof M Taylor Socrotary Mr R Carson Charlty numb•r NIC108048 Company numbor N1669172 Reglstsr8d offlce 384 Belmont Road Belfast CO Antrlm BT4 2NF Indopondont •xamlner HM Chartered Accoun18nts 6th Floor East T¢Jwer Lanyon Plaza 8 Lanyon Place Belfast Co. Antrim BT1 3LP
NIPANC CONTENTS Page Trustees. report Independent examinerfs report Statement of financlal actlvllle8 ststement of flnanclal posltion Notss to the financlal statements 8-14
NIPANC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE PERIOD ENDED 31 DECEMBER 2024 The trustees psent their report and financial slatements for the Period ended 31 December 2024. The Charity was incorporated on 29th April 2020 and commenced operations from thls date. The financial statements hav8 been prepared in accordance wllh the accounting policies set out in note 1 to the financial statements and comply wllh the charlty's governing document, the Companles Acl 2006 and "Accounting and Reporting by Charllies.. Slatemenl of Recommended Practice applicable to oharilles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effèctlve 1 January 20191" Objectlvos and actlvltle8 NIPANC is a Northern Ireland-based charity dedlcated to improvlng outcomes for those 8ffected by pancreatlc cancer. The charity pursues this goal through Ihe followlng key objectives- Raising public awareness of pancreatic cancer Promoting understandlng of its signs and symptoms and the crlllcal importance of early dlagnosis, targeting both the general publlc and healthcare professionals Funding vital research into the disease Providlng support for patlents and their fami118S The charity was e5tabllshed by Individuals personally affected by pancreatic cancer who came together to ralse awareness and secure funding for better diagnosis and treatment. The trustees have paid due regard to guidance issued by the Charity Commission in declding what activlties the charity should undertake. Aehlèvements and pérformance Strateglc Approach and Actlvlti•$ In 2024 Now In Its seventh year, NIPANC conlinues to deliver on tts founding mlsslon while incr8aslngly fo¢uslng on partnerships and strategic collaboratlons to maximls8 Impact and mak8 best use of Its resources. The charity remalns 8nllrely volunteer-led, with no pald staff. Servic8s essentlal to Its operations-such as deslgn, soclal media management, and public relations-are delivered through external contractors. Publlc Awareness and Advocacy Public awareness remains at the heart of NIPANC'S Work. In 2024, the charlty achleved signrficant success in increaslng public knowlèdge about pancreatic cancer and its symptoms. This was accomplished through high- Impact PR campalgns and strategic use of social media. These efforts have helped highlight the importance of eafly dlagnosis, which is crucial for improving survfval rates. NIPANC'S 2024 Pancreatic Cancer Awareness Month campaign, Working Together, Changlng the Future, showcased the charity's partnership-driven approach. The campaign emphasised the benefits of collaboralion between charitie5, universities, heallhcare providers, and the privat8 sector. It also r8ceived significant media attention, further amplifying the charlly's message.
NIPANC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Partnershlp Working strengthening partnerships has been a major focus this year. NIPANC has actively engaged with other organisatlons to develop better services for pancreatic cancer patients and their families. In collaboration with CanGer Focus Northern Ireland, NIPANC initially funded a part-lime counsellor, whlch has now been expanded to a full-time post due to strong demand and positive feedback. Discussions with the Kingsbridge Foundation have led to NIPANC funding a full-time Pancreallc Cancer Support Nurse to provide direct support in the community. The partnership Is also deliverSng regional roadshows to raise awareness, the first of which rolled out in late 2024. NIPANC joined a newly established Règlonal Cancer Consortium, a collectivè of reglonal cancer charities working to coordlnate advocacy and strengthen dialogue with governmènt. A significant thr8e-way partnershlp beeen NIPANC, Pancreatic Cancer UK, and the Department of Health, announced in November 2023, Is now progressing a new regional care pathway for pancreatic ¢ancer patients In Northern Ireland. Ros•ar¢h and Innovatlon NIPANC contlnued its commltm8nt to research by supportlng four PhD students et Queen's Unlv8rslly Belfast, focuslng on pancreall¢ cancer care, treatment, and thè 8xperiences of carer8, The charity also funded th8 development of an innovative gaming app, designed to help clinicians identify early symptoms of pancr8atlc cancer, The app is currently under development and scheduled for release in 2025. Pallent and Famlly Support Supporting patiènts and f8milies is central to NIPANC'S mission. In 2024, new and expanded initiatives included.. The introduction of 'Making M8morie8' grants, offering aff8Cted familie5 brief opportunitles for respite and moments ofjoy during dlfficult tlmes. Continuation of the free family photography service. providlng lastlng kèepsakes and amotional support. These initiatives have been warmly received and have added meaningful value to the Ilves of thos8 n8vigatlng the challenges of pancreatic cancer. Fundrai$lng and Communlty Engag•m8nt NIPANC'S work is made possible by the generoslty and dedlcation of supporters across Northem Ireland. Fundralsing highlights from the year include.. Communlty-led events such as coffee mornings, sponsored runs, and marathons A courageous round-lreland sailing challenge by a dedicated supporter Generous support from institutions Includlng the Grand Orange Lodge of Ireland. which selected NIPANC as its charity of the year The highly successful 'Ped81 the Periphery, charity cycle event {cov8ring 480 miles around Northem Irelandl, alongside the annual Charity Ball and a variety of other events. These efforts raised essential funds and helped extend the reach of NIPANC'S message to new audiences. Looklng Ah8ad The Trustees are proud of the significant progress made in 2024. It has been a year of growth, collaboration. and impact- Awareness of Panc alic cancer has never been higher Strategic partnerships have led to the development of new and enhanced patient services Research into early detedion and patient care is advancing Volunteer and community support continues to grow Despite these successes, the Trustees acknowledge that there remains much to do. With continued collaboration and public support, NIPANC is confident it can bui5d on this year's achievements and move closer lo Iransforming outcomes for pancreatic cancer patients and their families.
NIPANC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 We dedicate this yoar s work to 2 of our member. Roy and Brlan. whose lives inspired us and whose memory will continue to guide us. Thgir conlributicins made NIPANC stronger and their absenGe is deeply fett. Gone too soon-always r8membergd. In Memorlam Davld "Roy" McLaughlin On behalf of the NIPANC Board and wider team. we wlsh to pay tribute to David McLaughlln, known fondly as Roy, who sadly passed away on 18 November 2024, following a hospitsl procedure. Roy was the beloved husband of our Trustee Susan McLaughlin (née Cooke). A devoted father, loving stepfathar, cherished son and brother. Roy was also a treasured grandfather and a much-valuèd friend of NIPANC. Roy'$ sudden passing left us all haartbroken. His unwavering support for Susan, who co-founded NIPANC following the loss of her flrsl husband to Pancreatic Cancer, became a hallm8rk of hls qulet but powerful presence. He was always by her side-whether loading the car for evenls, helping set up stands, transporting merchandise, or capturing key mom8nts with his Camera. HIS final contrlbutlon came during Pancreati¢ Cancer Awareness Month 2024 at the Partners In *TimeMatters' event in Queen's Unlversity Belfasl. True to form, Roy ensured everything ran Seamlessly present, dapendable. and deeply commltted. A kind and generous soul, Roy's spirit will live on through our work, and he wlll be rememberèd always with gralllude and affection. Brlan Magennls We are also deeply saddened by the loss of our èsteemed Trustee, Brian Magennis, who passed away peacefully on 16 January 2025, surrounded by hls loving family. Brian, a well-known and deeply respected member of the Poyntzpass community, was diagnosed with Pancreatlc Cancer in 2020. After bravely ov8rcoming his illness once, he faced a recurrence wilh the same courage and dignity for which he was widely admired. Brian was the beloved husband of Margaret, devoted father of Daniel 8nd 88n, and a treasured son, brother, and friend. His passing has lefl a profound vold in the lives of those who knew him. Brian's heart, belonged to his family, his faith, ar)d his community. A committed member and former captsin of Redmond O'Hanlon GAA, he also served his parish as a church reader and his local school as a govemor. As a NIPANC Truslee, Brian brought unmatched passion, empathy, and authenticity to our cause. His lived experience of Pancrealic Cancer added depth to our work and direction to our goals. He was a quiet force for good-measured, thoughfful, and deeply caring. Brsan's legacy is one of leadership, humility, and service. We are honoured to have known him and privlleged to cary his mission forward. Flnancial review The income for the period was £302,010 and expenditure was £133,310. This leaves a surplus of £168,700 (2024-. £177,313). The trustees took the decision to change Ihe year to 31 December 2024, therefore the accounts include activities for the 8 month period to 31 December. 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 beeen three and six month's expendlture. The trustees considers that reserves at this level will en8LJre that, in the evenl of a significant drop in funding, they will be able lo continue the charily's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintsined throughout the Period.
NIPANC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 The trustees along wilh Iheir research panel are continually considering various research projects but no funds have been committed yet hence the conslderable funds presently being held by the Charity. It is hoped that a sullable research project will be identified in the near future. Subsequent to the financlal period end, the charity, in partn8rship with Klngsbridge Healthcare Group. funded the introductlon of a full time Pancreatic Cancer Support Nurse. The trustees hav8 assessed the major risks to which the charity is exposed. and are satlsfied that systems are in place to mltlgate exposure to the major risks. Structuro, governance and managamont The trustees, who are also the direclors for the purpose of company law, and who served during the Period and up to the date of slgnature of the financlal statsments were.. Mr l Mcminn MBE (Chairperson) Mr R Carson Ms C Booth MrA Cooke Mr B Grzym8k M8E Mr 8 Magennis Ms S McLaughlln Ms L Strutt Prof M Taylor {De¢eas8d 16 January 20251 The usle ort was ap ved by ihe Board of Tru6tee8. Mr l M¢Mlnn MBE (Cha I ruslee Dated: . on) f4. £1
NIPANC INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NIPANC I report on the financial stataments of the charity for the Period ended 31 Decembèr 2024, which are set out on pages 6 to 14. Re8pecllve responslbllltlos of charlty trusteas and examlnar As the charity trustees land also the dlreclors of the company for the purposes of company lawl you are responsible for the preparation of the financial statements Sn accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statemènts of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, it is my responsibility to.. examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008; follow the procedures laid down in the genoral D1ctIonS glven by the Commisslon under sedlon 65{9)(b) of the Charities Act (Northern Ireland) 2008- and slate whether particular matters have come to my attentlon. Basi$ of Independont oxamln8r's report I have examined your charlty financial slatem8nls as required under section 65 of the Charltles Act (Northem Ireland) 2008 and my examlnation was carried out in accordance wlth th8 general Directions given by th8 Charity Commission for Northem Ireland under sectlon 65{9)(b) of the Charities Act. The examlnation included a review of the accounting records kept by the charlty and a comparison of the financial statements presented with those records. It also included conslderation of any unusual items or disclosures in the financial statements, and seeking explanations from you as charlty trustees concernlng any such matters. My role Is to stale whether any material matters have come to my attention glving me cause lo belleve that: 1. Accounting records were not kept in accordance with section 386 of the CompanlesAct 2006,. or 2. The financial statements do not accord with those accounting reGords', or 3. The financlal ststements do not comply with the accounting requirem8nts of secllon 396 of the Companies Act 2006 and with the methods and principles of the Ch8ritl8s Statement of Rècommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021,. or 4. There Is further information needed for a proper understanding of the financial statèments lo be reached. Indèpendent examiner's statement We have examined your charity accounts as required under Sectlon 65 of the Charities Act and our examlnatlon was carried oul in accordance with the general Directions given by the Cherity Commisslon for Northern Ireland under sectlon 65(91(bl of Ihe Charities Act. The examination included a revièw of the accounting records kept by the charity and a comparison of the accounts prasented with those records. It also included consideration of any unusual items or disclosures In the accounts, and seeking explanations from you as charity trustees concerning any such matters. Our role is to stste whether any materlal matt8rs have come to our attention givlng me cause to b81ieve: I have completed my examination and I have no COnmS in respect of the matters111 to141 listed above and, In connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to your attention. ClTr4a *ccL4knfr HM Chartered Accountants 6th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast Co. Antrim BT13LP Date:
NIPANC STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024 Unrestrlcled Rastrlcted funds funds 31 31 31 December De¢ember Decèmbor 2024 2024 2024 Total Unrestrlcted Rastrlcted funds funds 30 30 Aprll April 2024 2024 Total Aprll 2024 Not8$ Income from: Donations and legacies Investments 290,665 11,345 290,665 11,345 356,342 6,141 15,000 371,342 6,141 Total In¢ome 302,010 302,010 362,483 15,000 377.483 Expondlturg on: Charltable activltles 124,160 9,150 133.310 197,970 2,200 200,170 Total oxpondlture 124,160 9,150 133,310 197,970 2,200 200,170 Net Incomel{•xpendlturo1 and movement In fund8 177,850 (9,150) 168,700 164,513 12.800 177,313 Reconclllatlon of funds: Fund balances at 1 May 2024 463,215 12,800 476,015 298,702 298,702 Fund balance8 at 31 Décèmber 2024 641.065 3,650 644,715 463,215 12,800 476,015 The statement of flnanclal activitiès Includes all gains and losses recognised In the Perlod. All incom6 and expenditure derive from contlnuing activities.
NIPANC STATEMENT OF FINANCIAL POSITION ASAT31 DECEMBER 2024 31 Docember 2024 30 Aprll 2024 Notss Current assots stocks Debtors Cash at bank and In hand 11 12 825 2,131 652,129 700 8,134 468,181 655,085 477.015 Credltors: amounts falllng due wlthln one year 13 (10,370) (1,000) N•t current assets 644,715 476,015 The funds of tho charlty Restricted Income funds Unrestricted fvnds 14 15 3,650 641,065 12,800 463,215 644,715 476,015 The company Is entitled to the ex8mption from the audit requirement contalned in section 477 of the Companies Act 2006, for the Period anded 31 December 2024. The directors acknowledge thelr responsibilltles for complylng wlth the requlrements of the Companies Act 2006 wlth respect to accounting records and the preparation of financial siatements. The mefflb8rs have not r9quired Ihe company to obtain an audlt of its finandal statements for the Perlod In question In accordance wlth section 476. These financial statements have been prepar8d in accordance with the provisions appllcable to companies subject to the small wmpanles regime, Th enls were app ved by th• tN•téo8 on . Mr l Mcminn MBE (Cheirperso Ttee C4)mp8ny rgglstration number N1669172 (North8rn Iroland)
NIPANC NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting pollclas Charlty Informatlon NIPANC is a private company Ilmit8d by guarantee incorporated in Northern Ireland. The registered office is 384 Belmont Road, Belfast, CO Antrim, BT4 2NF. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's governing document. the Companies Act 2006, FRS 102 'The Financial Reporting Standard appllcable in the UK and Republic of Ireland. {"FRS 102,1 and the Charities SORP "Accounting and Reporiing by Charltles.. Statement of Recommendèd Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). The ¢harity is a Public Benefit Entity a5 dèfined by FRS 102. The charity has tsken advantage of the provisions in the SORP for ¢haritles not to prepare a Statement of Cash Flows. The financial statem8nts are prepared In sterling, whlch Is the functlonal CUrncY of the charlty. Monetary amounts In these financlal statements are rounded to the nearest £. The financlal statements have been prepared under the hlslorlcal cost ¢onv8nllon, modlfled to include th8 revaluation of freehold properties and to include investment propertie5 and certain financlal instruments at fair value. The prlnclpal accounting pollcles adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that Ihe charity has adequate resources to continue in operational existence for the foreseeable future. Thus th8 trustees continue lo adopt the going concern basis of accountlng in preparing the financial statements. 1.3 Charltablè fund8 Unrestri¢t8d funds are avallab18 for use at the dlscretion of the trustees In furtherance of their charltsble objectives. Restrlcted fund5 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 58t out in the notes to the financial slatements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to It after any performance condltions have been met, the amounts Can be mèasured reliably, and it is probabl8 that income wlll be recelved. 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 tax recoverable in relation to donations recelved under Gift Aid or deeds of covenant is recognised 8t the time of the donation. Legacies are recognised on receipt or otherwisé if the charity has been notifièd of an impending distrlbution, the amount is known, and recelpt is expected. If the arnount is not known, the legacy Is treated as 8 contingent asset.
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting pollclos {Contlnued) 1.5 Expendlture Expenditure is racognised once there Is a legal or constructive obligation to transfer economic beneflt to a third party, it is probable that a transfer of economic benefits will be requlred in settlement, and Ihe amount of the obligation can be measured reliably. Expenditure Is classif18d by activity. The cosls of each actlvity are mad8 up of the total of direct costs and shared costs, Including support costs involved in undertaking each activity. Direct costs attributablè to a single acllvlty are allocated dSrectly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single actlvity are apportioned beeen those activlties on a basis consistent with the use of resources. Cèntral staff costs are allocated on the basis of tlme spent. and depreciation charges are allocated on the portion of the asset's use. Resources expended are included In the Statement of Financial Activitl8s on an accrual basis, exclusive of any VAT whlch can be recovered. Charitable expenditure ¢ompris8S those costs incurred by the charity in the deliv8ry of its activities and seNlces for its beneficlarles. 11 includ8s both costs that can be alloGated directly to such actlvities and those coasts of an Indirect nature n8c8ssary to support them. Governance costs include those costs assoclated wlth meeting th8 constitutional and statutory requlrements of th8 charity and include the audit fees and costs linked to the strateglc management of the charity. All costs are allocated between the expendltufe categories of the Statement of Financ181 Activities on a basls designed lo refl8ct the use of the resource. 1.6 Stocks Stocks are stated at the lower of cost and estlmated selling prlce less costs to complete and sell. Cost comprtses direct materials and, where applicable, direct labour costs and those ovèrheads that have been incurred In bringing th8 Stocks to their présent location and conditlon. Items held for dislrlbutlon at no or nomlnal consideration are measured the Iowar of repla¢ement cost and cost. Net 811$able value is the estlmated selling prlce less all estlmated costs of completion and costs to be Incurred in marketlng, s8lllng and distrlbutlon. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash In hand, deposits held at call wlth banks, other short-term liquid investrnents with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown withln borrowings in currant liabilities. 1.8 Financlal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instrumerbts, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial Instruments. Financial instruments are recognised In the charity's balance sheet when the charity becomes party to the contractual provisions of thè instrument. Financial assels and liabilities are offset, with the net amounts prosented in the financial statements, when there is a legally enforceable right to sel off the recognised arnounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultsneously.
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting pollcles (Contlnued) Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are inltially mgasured at transaction price including transaction costs and are subsequently carried at amortised c05t using the effective Interest method unless the arrangement constitutes a financlng transaction. whère the transacllon is measured at the present value of the future receipts discounted at a market rate of Interest. Financial assets classified as receivable wlthin one year are not amortised. Basle flnanclal Ilabllltles Basic financial liabilitiès, Including creditors and bank loans are initially recognised 8t transaction price unless the arrangément constitutes a financing transactlon, where th6 debt instrument Is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one yaar are not amortised. Debt instruments are subsequently carrl8d at amortlsed cost, using the effective inter&st rate method. Trad8 creditors 8re obligations to pay for goods or seNic8s that have be8n acquired in the ordinary course of operatlons from suppliers, Amounts payable are classified as current liabilitSes If payment Is du8 Wlthin one year or less. If not, they are presented as non-currenl liabllities. Trade creditors are recognised initially at transactlon prlce and subsequently measured at amortised cost uslng the affectlv8 Interest method. Derecognltlon of flnanclal Ilabllltles Flnancial 1Sabilities are derecognised when the charity's contractual obligations expire or are dlscharged or cancelled. Crltlcal accountlng e#tlmate8 and Judgèmants In the appllcatlon of the charlty's accounting pollcies. the trustees are required to make judgements, estimates and assumptions aboul the carrylng amount of assets and liablllties that are not readily apparent from other sources. The eslimales and associated assumptions are based on historlcal experlence and other factors that are consld8red to be relevant. Actual results may differ from these estimates. The estimates and underlylng assumptions are reviewed on an ongoing basls. Revisions to accounling estimates are recognised In the period in which the estimate is revised Whe the revision affects only that period, or In the period of the r8vlslon and fulure periods where the revision affects both current and future periods. Donations and legaclos Unrestrlcted Unrestricted funds funds Rastricted funds Total 2024 2024 2024 2024 Donations and gifts Grants receivable Glft aid 237,170 12.000 41,495 327,778 15,000 342.778 28,564 28,564 290,665 356,342 15,000 371,342 10-
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Income from Investmonts Unrestrlctad Unrestrlcted funds funds 2024 2024 Other income 11,345 6.141 Expondltura on charltablè actlvltlos Charltable aetlvltlas 2024 Charllable aetlvltlas 2024 Dlroct CO8t8 Merchandlse and clolhlng Printing, postage and statlon8ry Website and IT PRISoclal media Insuranc8 Event costs Bank chargas Subscriptlons Campaign costs Conference Costs Sundry 374 8,763 2,071 42,259 598 48,372 5,535 868 1,492 3,242 1.216 6,210 5,720 870 50,124 455 61,408 5,042 6,913 405 686 114,790 137,833 Grant funding of adlvltles (see note 6) 17,020 61,137 Share of support and governance costs Ise8 noto 7) Govemance 1,500 1.200 133,310 200.170 Analysls by fund Unrestricted funds Restrlcted funds 124,160 9,150 197,970 2.200 133,310 200.170 11
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Grants payable 2024 2024 Grants awarded 17,020 61,137 17,020 61,137 Support ¢o$t8 Support Governanco ost8 costs 2024Support costs Governance costs 2024 Accountancy 1,500 1,500 1,200 1.200 1,500 1,500 1,200 1,200 Analysed between Chariiable activities 1,500 1,500 1,200 1,200 Trustees None of the trustees lor any persons connected with tham) reIved any remuneration or benefits from the charlty during the Perlod. Employee8 The averag8 monthly number of employees durlng the Period was: 2024 Numb•r 2024 Number Totsl The were no employ88s whose annual remuneration was more than £60,000. 10 Taxation The charity Is exempt from tsx on income and gains falling within section 505 of the Taxes Act 1988 or sertion 252 of the Taxation of Chargeable Galns Act 1992 lo the extent that these are applied to Its charitable oblects. 12-
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 11 Stocks 2024 2024 Finlshed goods and goods for resale 825 700 12 Dabtors 2024 2024 Amounts falllng due wlthin one yaar: Trade debtors Prepayments and accrued Income 1,846 285 8.095 39 2,131 8,134 13 Crodltorn: amounts falllng dua wlthln one year 2024 2024 Accruals and d8ferred income 10,370 1,000 14 Re8trfcted fund8 The restricted funds of the charity comprise the unexpended balances of donatlons and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 May 2024 Incomlng r•source8 Re8ourcas expènded A131 D•e•mber 2024 Maklng Memories 12,8CM) (9,150) 3,650 Pf•vlou8 year: At 1 May 2023 Incomlng resourc•8 Resourc08 oxpended At 30 Aprll 2024 Making Memories 15,000 12,200) 12,800 13
NIPANC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 15 Unrestrlcted funds The unrestricted funds of the Charity comprise the unexpended balances of donalions and grants which are not subject to speciflG condltions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 May 2024 Incomlng Resources resourcos expended Tran8far8 At31 December 2024 Designated General funds 72,261 390,954 72,261 568,804 302,010 {124,1601 463,215 302,010 {124,1601 641,065 Prevlou8 y•ar: Al 1 May 2023 Incomlng Resources resources axpondod Transfors At 30 Aprll 2024 Designated General funds 40,000 258,702 32,261 (32,261) 72,261 390,954 362,483 {197,9701 298,702 362,483 1197,9701 463,215 16 Analy81s of not ass•ts botweon fund$ Unrastrlcted funds 2024 R•strlcted funds 2024 Total 2024 At 31 De¢ember 2024: Current assetsllliabilitlesl 641,065 3,650 644,715 641,065 3,650 644,715 Unrostrlcted fund8 2024 Rostrlcted funds 2024 Total 2024 At 30 Aprll 2024: Current assetsllliabilitiesl 463,215 12.800 476,015 463,215 12,800 476.015 14-