THE PHAEO AND PARA CANCER CHARITY (SCIO)
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
James Hair & Co 59 Bonnygate CUPAR Fife KY15 4BY
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THE PHAEO AND PARA CANCER CHARITY (SCIO) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
CONTENTS
| Trustees! ANNUAL FEPOFt........cceceessseerserseeceaeceescsesseeseseecseaecsecssusesusesscacsuassaaseusseusseaeasaassereeaeeeneestatereress | 3-10 |
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| Independent examiner's rePOrt........c.ccceccsesseeeesceseesesessesceaeeeeseseecsseessasseesecsassaseeesacenseeesasaeeeseusersuness |
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| Statement of receipts ANd PAYMENES........cesses seereseseeseeeccsceecseesceetssesessessesseessesasieeneesseaseuteassastese | 7 |
| Statement of Dalances 0...cecscssscsssssssssesessssecseneasatacsensanseaeeeesacareeseecassenesensstsesseceneseaasassnseneerseass | 8 |
| Notestothefinancialstatements ..........ccccceceesesseceecesesseseesesesrecenestesnsssseasecsessnsnsssnasaeneasieenseneasnannenae |
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‘ THE PHAEO AND PARA CANCER CHARITY (SCIO) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
The trustees present their report and financial statements together with the independent examiner's report for the year ended 31 July 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Name The Phaeo and Para Cancer Charity (SCIO) also known as PPCC
Charity Number SC048589 Principal Address Sycamore House Brucefield Road Blairgowrie PH10 6LA i ee Other Trustees who served during the year
Other Trustees who served during the year
Independent Examiner
rereames Hair rerro) 59 Bonnygate Cupar Fife KY15 4BY
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Scottish Charitable Incorporated Organisation (SC!O) incorporated on 30 July 2018 and governed by its constitution effective from that date.
Appointment of trustees
Trustees are appointed by the existing trustees.
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THE PHAEO AND PARA CANCER CHARITY (SCIO) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
OBJECTS & ACTIVITIES
The organisation's purposes are:
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To carry out research into a type of rare tumour (called a Phaeo and Para Cancer) that affects the neck and adrenal gland areas and the dissemination of the findings into the public domain, with the hope that by bringing together experts in the field, we can advance the treatment of this cancer.
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The education of the public about Phaeo and Para Cancer via public events, media information and blog sites.
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The organisation of, and/or participation in, international Conferences to discuss Phaeo and Para Cancer.
ACHIEVEMENTS & PERFORMANCE
It has been a very quiet year for the charities fundraising with the main fundraiser being the Inverness half marathon run by Jonathan and James Williamson. They both ran great times but more importantly managed to raise the amazing amount £4,222.27. The charity is very grateful for all their efforts. Details of the event are below in this report.
Inverness Half Marathon
On Sunday the 9th of March|ran the Inverness half marathon in support of their sister, who had recently completed a course of radiotherapy and in the memory of their Mum, who died from Phaeochromocytoma.
I<22rch in Hunaary.
The charity invested £15,000 towards the wonderful research work nd her team have been doing in Hungary. The research has been carried out in association with and his team in India. | am delighted to report that a paper prepared by our research teams has been chosen for publication.
The Charity is delighted that in February (boreed to join the Charity's Scientific Committee. The Charity is very grateful to all the members of the Scientific Committee chaired by or their expert advice in the past year.
| would also like to thank the trustees of the Charity for their work and guidance during the year. In the new financial year we will start to look at grant funding whilst matching with our own charity events including our golf day and wine and cheese evening at Blairgowrie.
THE PHAEO AND PARA CANCER CHARITY (SCIO) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
FINANCIAL REVIEW
Overview
The following table gives a summary of the receipts and payments for the year. Whilst a restricted funds deficit was incurred during the year, this is simply due to spending funds raised in the previous year for research.
| Unrestricted Funds |
Restricted Funds |
Total 2025 |
Total 2024 |
|||||
|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||||
| Receipts | 5,917 | ~ | 5,917 | 21,859 | ||||
| Payments | (16,583) | - | (16,583) | (47,905) | ||||
| Surplus/(deficit) | for | the | year | (10,666) | - | (10,666) | (26,046) |
The trustees are very grateful for the support that the charity has received.
Reserves policy
The trustees consider that £4,000 is an appropriate level of reserves to hold to meet any unexpected costs. Unrestricted reserves at the year-end were £26,384 (2024: £37,050) and whilst this is higher than the target level, considerable sums will be needed to meet planned ongoing research costs.
Restricted reserves at the year end were £500 (2024: £500).
FUTURE PLANS
ee:
ee: ave put forward a joint proposal to continue their research and the charity will be responding to their request after the scientific committee have discussed the proposal. The charity has also had some very positive proposals to work with the Dundee Life Science department. We are hopeful that in the new financial year positive progress will be made with Dundee Life Science.
The charity is planning its bi-annual golf day as its main fundraising activity for 2025-26. This is likely to be held in April 2026. A wine and cheese evening is also planned for later 2025. On the back of the funds raised by these events we hope to approach local Trusts for matching funding to continue our work in Hungary and India.
APPROVAL This report was approved by the trustees on (3 Oclobor 2c&S and signed on their behalf by:
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THE PHAEO AND PARA CANCER CHARITY (SCIO) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JULY 2025
independent examiner's report to the trustees of The Phaeo and Para Cancer Charity (SCIO)
| report on the accounts of the charity for the year ended 31 July 2025, which are set out on pages 12 to 15.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ("the 2005 Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) ("the 2006 Regulations"), The trustees consider that the audit requirement of Regulation (10)(1)(d) of the 2006 Regulations does not apply.
It is my responsibility to examine the accounts under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide ail the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter came to my attention:-
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which gives me reasonable cause to believe that in any material respect, the requirements
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to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_ _ ; 59 Bonnygate Cupar Fife KY15 4BY
AT nial Acs) K
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THE PHAEO AND PARA CANCER CHARITY (SCIO) STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 JULY 2025
==> picture [475 x 284] intentionally omitted <==
----- Start of picture text -----
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|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Total|Total|
|Funds|Funds|Funds|2025|2024|
|Note|£|£|£|£|£|
|Receipts|
|Donations|785|-|-|785|2,885|
|Gift|aid|836|-|-|836|2,411|
|Bank|interest|74|-|-|74|-|
|Fund|raising|4,222|-|-|4,222|16,563|
|5,917|-|-|5,917|21,859|
|Payments|
|Fund|raising|costs|120|-|-|120|3,843|
|Charitable|activities|
|Cancer|Research|15,000|-|-|15,000|38,866|
|Professional|Fees|1,020|-|-|1,020|1,104|
|Bank|charges|10|-|-|10|10|
|Conference|expenses|433|-|-|433|4,082|
|16,583|-|-|16,583|47,905|
|Net (payments)|(10,666)|-|-|(10,666)|(26,046)|
|Transfers|between|funds|.|-|-|-|-|
|(Deficit)|for the|year|(10,666)|-|-|(10,666)|(26,046)|
----- End of picture text -----
The Notes on page 14 and 15 form an integral part of these accounts.
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THE PHAEO AND PARA CANCER CHARITY (SCIO) STATEMENT OF BALANCES
AS AT 31 JULY 2025
| Unrestricted | Designated | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2025 | 2024 | ||||
| Note | £ | £ | £ | £ | £ | |||
| Funds reconciliation | ||||||||
| Balance as at 1 August 2024 (Deficit) forthe period |
37,050 (10,666) |
- - |
500 - |
37,550 (10,666) |
63,596 (26,046) |
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| Transfer from funds | - | . | - | - | - | |||
| Balance as at 31 July 2025 | 26,384 | - | 500 | 26,884 | 37,550 | |||
| Bank and cash balances | ||||||||
| Cash at bank | 26,384 | . | 500 | 26,884 | 37,550 | |||
| Cash in hand | - | - | - | - | - | |||
| 26,384 | - | 500 | 26,884 | 37,550 | ||||
| Liabilities | ||||||||
| Creditors | 840 | - | 840 | 840 | 840 |
The Notes on page 14 and 15 form an integral part of these accounts. These accounts were approved by the trustees on 1 30ch ber 8028S” and signed on their behalf by:
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THE PHAEO AND PARA CANCER CHARITY (SCIO) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
- Basis of preparation
These accounts have been prepared on the receipts & payments basis in accordance with:
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(a) The Charities and Trustee Investment (Scotland) Act 2005
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(b) | The Charities Accounts (Scotland) Regulations 2006 (as amended)
2. Fund accounting
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(a) Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity.
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(b) Designated funds are unrestricted funds which have been set aside by the trustees for a specific purpose.
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(c) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes.
The purposes of the funds are shown in Note 6.
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Taxation
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(a) The charity is not liable to corporation tax or capital gains tax on its charitable activities.
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(b) The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged.
4, Transactions with trustees and related parties
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(a) |Noremuneration or other benefits were paid to trustees during the year or in the previous year.
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(b) No expenses were reimbursed to the trustees during the year or in the previous year.
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(c) There were no transactions with any related parties during the year or in the previous year.
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THE PHAEO AND PARA CANCER CHARITY (SCIO) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
5. Movements in funds
| As at | As at | |||||
|---|---|---|---|---|---|---|
| 31/07/2024 Receipts Payments Transfers 31/07/2025 Aee |
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| Unrestrictedfunds General fund |
37,050 | 5,917 | (16,583) | - | 26,384 | |
| Restricted funds | ||||||
| Research 1 /P J Larg FamilyTrust | 500 | - | - | - | 500 | |
| TotalFunds | 37,550 | 5,917 | (16,583) | - | 26,884 |
6. Purpose of funds
General Fund
Unrestricted funds that can be expended at the discretion of the trustees in furtherance of the objects of the charity.
Research 1 Grant funding from the R J Larg Family Trust towards the cost of targeted laser dissection of human tumour sections.
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