REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
BEECHWOOD CANCER CARE CENTRE |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
BEECHWOOD CANCER CARE CENTRE |
BEECHWOOD CANCER CARE CENTRE |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Chairman's Report | 1 |
Report of the Trustees | 2 | to | 12 |
Report of the Independent Auditors | 13 | to | 16 |
Statement of Financial Activities | 17 |
Balance Sheet | 18 |
Cash Flow Statement | 19 |
Notes to the Cash Flow Statement | 20 |
Notes to the Financial Statements | 21 | to | 31 |
BEECHWOOD CANCER CARE CENTRE |
CHAIRMAN'S REPORT |
FOR THE YEAR ENDED 31 MARCH 2024 |
As Chairman of the trustees, I am delighted to report that during the period 2023/24 Beechwood Cancer Care Centre (Beechwood) has again delivered a robust set of financial accounts. |
This has led to an increase of total funds which not only provides a solid base for Beechwood to grow but protects the Charity in the long term against the uncertainty of vital NHS funding. |
Beechwood has continued to offer an invaluable service to deliver care to those affected by cancer. We have delivered this care for over 34 years, and we continue to adapt by assessing current support requirements and developing new programmes; likewise, we continue to innovate in terms of our approach and amidst the changing funding and fundraising landscape. |
The period benefited from some wonderful fundraising events such as the Ladies Lunch and Man@Manchester, which have been key to the continued success and future of the Charity. |
Special thanks to the volunteers of Beechwood who not only helped resource such events but give their time and energy to the charity which again is vital. Also, thanks to all the guests at all our fundraising events and the continued and amazing generosity and support they give to Beechwood's cause. |
As Chairman of Trustees, I would like to thank my fellow Trustees for their ongoing guidance and vision to support Beechwood's operational team. I'd also like to stress our commitment to self-assessing and enhancing and the Board to ensure it remains fit-for-purpose for maximum benefit of the Charity. |
Having worked with Beechwood in various Trustee roles and as Chairman for the last 5 years, I continued to be impressed by the committed and hard-working employees of the Charity, led by Beechwood's dedicated and focused CEO, Linda Steggles. Linda provides strong leadership and determination in not only growing the Charity, but improving future processes and embracing change to deliver new ways to support those impacted by cancer. |
During this period, the Trustees held a Strategy Day with Beechwood's Senior Management Team, where we agreed a plan to grow the Charity, and to support the existing executive team by way of strategic recruitment in key areas. This plan is currently being implemented and continues to be monitored by the Board, demonstrating the positive input of the Trustee Board in collaboration with Beechwood's Senior Team. |
Finally, my sincere thanks to all those who give their support in other ways to Beechwood Cancer Care year-on-year, individuals, families, community groups and businesses. |
The services we provide to those who need our support wouldn't be possible without the donations and finances needed to run Beechwood, and we are indebted to all those who generously donate time, money, and expertise to sustain the Charity's cause. On behalf of the Trustees, the Chief Executive, and entire Beechwood Team, a sincere 'Thank You'. |
........................................ |
John Stevenson, MBE |
Chairman of the Board of Trustees |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
The Trustees (who are also directors of the Charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of Beechwood Cancer Care Centre Limited (the company and the group) for the year ended 31 March 2024. The Trustees confirm that the Annual Report and Financial statements of the company and the group comply with the current statutory requirements and the Companies Act 2006, the requirements of the company and the group's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102) (as amended for accounting periods commencing on or after 1 January 2016). |
Auditor |
A resolution proposing that Clarke Nicklin, be re-appointed as auditors of the company will be put to the members. |
Statement of disclosure to auditor |
Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. |
Structure, Governance and Management |
a) Constitution |
The company is registered as a charity (No. 1006015) and company (No. 02650841) limited by guarantee and was set up by a Memorandum and Articles of Association adopted on 2 October 1991 as amended 25 October 2016. Prior to this, it was an un-constituted group of individuals. |
b) Method of Appointment or Election of Trustees |
The strategic management of the company and the group is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association. Operational management is the responsibility of the appointed CEO. |
c) Policies Adopted for the Induction and Training of Trustees |
The Trustees are ultimately responsible for the appointment of new Trustees. New Trustees will only be appointed after due consideration is given to eligibility, personal competence, specialist skills and experience. New Trustees, when appointed, are inducted into the working of the Charity by the existing Trustees and the CEO. |
d) Organisational Structure and Decision making |
The Board of Trustees is responsible for the overall governance of the Charity. The affairs of the Charity are administered by a council of management (Board of Trustees), the members of which occupy the positions of directors for the purposes of the Companies Act. |
The following are the directors/trustees who, except where otherwise indicated, held office throughout the year: |
Mr J Stevenson MBE Chairman, Trustee |
Mr I Cook Trustee |
Mr P Bevan Trustee |
Mr C Eagle Trustee |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
Ms P Harrison Trustee |
e) Patrons |
Patrons are appointed by Beechwood Trustees to add gravitas and increase marketing and profile-raising opportunities. They are neither Trustees nor directors of the organisation and thus have no voting rights. They may be ex-board members, high profile individuals/‘celebrities’ or local dignitaries and are required to sign up to a Code of Conduct to protect and enhance the reputation of Beechwood. |
Patrons as of 31 March 2024: |
Mr Paul Brearley | HM Deputy Lieutenant, Greater Manchester |
Mr Shay Given | Retired Footballer |
Ms Gaynor Morgan | Author, events/charity fundraiser and radio presenter |
Mr Mike Toolan | Radio Presenter and speaker |
f) Risk management |
Internal controls over all forms of commitment and expenditure continue to be refined to improve efficiency, and to reflect activity and considerations at any given time. Processes are in place to ensure that performance is monitored, and reviews are in place to ensure that appropriate management information is prepared regularly, by both the executive management and the Board of Trustees. |
The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss and include: |
- | Annual budget and cash flow approval by the Trustees |
- | Regular consideration by the Trustees of financial results, variances from budgets, non-financial performance indicators and benchmarking reviews |
- | Delegation of day-to-day management authority and segregation of duties |
- | The Trustees are satisfied that adequate systems are in place to manage exposure to any major risk. The Charity reviews and measures the risks it faces on an ongoing basis as external and internal environments change |
The Chief Executive and Trustees have assessed the major risks to which the Charity is exposed, in particular those relating to the operations and finances of the Charity. |
Finally, it is recognised that fierce competition for funds from a wide range of other sources is a major factor in the risk management of Beechwood and increasing efforts are being made to explore additional and diverse funding opportunities to reduce vulnerability in the future, particularly relevant post pandemic and subsequent cost of living increases. |
OBJECTIVES AND ACTIVITIES |
a) Purpose of the Charity |
The principal objective of the Charity is to provide psychological support and services to patients, carers, and family members (‘clients’) who are affected by cancer or other life-limiting illnesses. |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
The Charity offers a range of psychological and therapeutic interventions to those with a cancer diagnosis and those affected by that diagnosis, for example, carers and family members. With growing requirements for cancer-related psychological support, demand for the Charity’s services grow year on year and as such, the service delivery team are trained and continually supervised to a high standard to deliver safe and effective services. |
b) Public Benefit |
The name of Beechwood Cancer Care centre broadly explains the work undertaken by the Charity; however, this cannot convey the extent or context of the support provided by the Charity. Our Mission Statement is: |
'Providing psychological and holistic wellbeing support to those affected by cancer'. |
There is no charge for Beechwood’s core services, however, a donation is appreciated for some of our supplementary ‘wrap-around’ services. Our main service users ('clients') are those affected by cancer, and a small number of clients who do not have cancer but have been diagnosed with another life-limiting illness, for example, Motor Neurone Disease, Parkinson’s Disease, Multiple Sclerosis, Chronic Obstructive Pulmonary Disease. To date, our support is predominantly for those affected by cancer and there are no restrictions in terms of ‘type’ or stage of cancer, nor are there any restrictions in accessing Beechwood’s services in relation to religion, ethnicity, or political allegiance. |
The Charity’s Trustees are not remunerated and give their time voluntarily; they ensure the Charity’s activities are to the benefit of the general public and that every effort is made to reflect the diversity of the geographical area of Greater Manchester/Northwest England, being aware of the guidance supplied by the Charity Commission in this regard. |
ACHIEVEMENTS AND PERFORMANCES |
a) Review of Activities |
Beechwood has three main income streams, as follows: |
i) | Greater Manchester Integrated Care System (ICS) |
The current contract has been extended by one year, until March 2025 whilst the ICS and ICB review community provider services. We perform in accordance with the Key Performance Indicators set, which will be reviewed as part of the overall service review. Contract review meetings ensure quality and consistency of service provision, performance and stewardship of the funds allocated (which are to support those registered with a Stockport GP) *. |
* Those clients from outside Stockport or who are not registered with a Stockport GP still receive support from the Charity, but this is via the Charity's own funds. |
ii) | Charity Shop Income |
In the year under review, the income from the charity shops is derived from the sale of donated goods and used items. A small range of new goods are sold through the shops in addition to those sold from within the reception area of the Beechwood Centre. |
Collectively, in the financial year to March 2024, the shops produced an income of £176,240, down 3% on the prior year (2023: £182,221). |
iii) | Charitable Income |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
This comprises all monies received from events, donations, legacies, and such kind. |
Beechwood delivered two main fundraising events during the year, namely a Golf Day and the 'Man@Manchester' event. Income from fundraising events totalled £371,046 in the year to March 2024, up 10% on the prior years' total of £342,597. |
Donations and legacies decreased year on year by 19%, from £216,767 in 2023 to £175,704 in 2024.This was due to a sizeable legacy of £74,000 having been received in the prior year. |
BEECHWOOD'S SERVICES |
Clients Supported |
During the period 2023-24 we have supported over 650 clients and delivered 4,000 support sessions to those affected by cancer, including children and young people. |
Patient Support Packages |
Beechwood provides psychological support and one-to-one counselling to service users with a cancer diagnosis. In addition, we offer access to our wrap around services providing a full holistic and therapeutic approach. There are a range of alternative treatments available, which our clients can chose to improve their overall emotional wellbeing. Beechwood provides a welcoming, calm and compassionate environment and a safe space for clients to relax and be supported through their cancer experience. |
Carer Support |
The Charity provides a package of support to Carers (of those with a cancer diagnosis) which begins with one-to-one counselling sessions, followed by access to our wrap-around holistic services. This helps support Carers through what is often a physically, mentally and emotionally demanding responsibility. Beechwood allows Carers time and space to rejuvenate and receive the support to manage themselves and attend to their own needs, whilst continuing to carry out caring duties. |
Bereavement Support Programme |
Beechwood's revised Bereavement Support Model has proven to be very successful, with clients reporting that they feel empowered and equipped. One-to-one bereavement support and counselling is offered and again, followed by access to the wrap-around holistic service offer, should clients wish to take advantage of this. |
The Bereavement Group and Bereavement Café are proving to be an important part of the recovery process after bereavement, with clients gaining support and comfort from others in similar situations. These clients often leave Beechwood having formed their own peer support and friendship groups, going on to meet as an independent group of friends once they've been discharged from Beechwood's services. |
Tailoring of Wrap-Around Services |
Beechwood's holistic, wrap-around services are continually reviewed and revised to ensure the best treatments for the Charity's client groups. We continue to use cancer-friendly products for all complementary therapy treatments and offer specific oncology treatments as part of the holistic offer. All treatments are carried out by fully qualified and trained therapists, who each have their own specialisms in addition to a generic skill set. Feedback from clients continues to be extremely positive, maintaining the benefits of the power of touch, particularly during and after cancer treatments and when bereaved. |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
The two 'Therapy Tea Rooms' are fully utilised by clients after their complementary therapy treatment. The provide a restful space for clients to quietly 'come round' after a relaxing (and sometimes emotion- provoking) treatment. The teas we offer to clients are designed using the latest scientific evidence and formulated by experts to aid chronic disease and medicinal side effects. The teas are designed by a company who apply homeopathic and herbal medicine principles, incorporating only the highest quality ingredients from around the world. Many clients go on to purchase their own teas as a result of enjoying them at their visits to Beechwood. |
Support Groups & Workshops |
In this period, we have delivered the following support groups: |
- | Prostate Cancer Support Group |
- | Bereavement Support Group |
- | Bereavement Café |
- | Guided Relaxation |
- | Arts & Crafts Group |
- | Carers Support Group |
- | Nature Connection |
Guided relaxation sessions have been delivered throughout the year, with only positive feedback received from these sessions, with clients finding them to provide "a calming environment, peaceful and relaxing." |
Mindfulness for health courses were also delivered, with clients reporting benefits such as, improved breathing, sleep, clarity of mind and thinking. |
- | Living Positively with Confidence |
- | Living Positively with Good Nutrition |
- | Living Positively and Returning to Work |
- | Exercise After Illness |
Children, Young People & Family Support |
Beechwood’s Family Support Team takes a flexible approach to supporting families where children are affected by cancer, life-limiting illness, and bereavement. |
Families with a diagnosis can self-refer into the Charity to gain support for children and for the family as a unit. The Charity’s family support is bespoke, young person and family centred; there are a range of services available, which families can access at any point during their support, including preparing for the loss of a parent/significant carer and support following death. |
During this period, Beechwood has continued to support families, and continued to deliver ‘Woodland Adventures’- a therapeutic afternoon where children and their parents/carers enjoy facilitated time in the outdoors, and whilst there is most definitely a therapeutic aspect to the day, it is a time to relax and have fun, with qualified staff on hand throughout the day to help through any emotional difficulties that may arise. |
‘Introduction to Beechwood’ Sessions |
These sessions continue to help prepare new clients for their support journey through Beechwood. Not only do new clients get sight of Beechwood's Centre, but they also receive information to aid peace of mind before embarking on their package of support. The first step to accessing support can be very daunting and clients find the introductory sessions very reassuring. |
Student Counsellor Placements |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
Beechwood continues to provide training placements to students in their final months of training once they have passed their fitness to practice module. All students are supported by the counselling team, using a 'buddy system'. They receive one-to-one bi-monthly support meeting and group supervision. |
External Partnerships and Clinics |
Beechwood works in collaboration with local hospitals, including Stepping Hill Hospital, Wythenshawe Hospital and The Christie, together with Cancer Nurse Specialists and Community Teams. Additionally, we are commissioned to undertake bereavement-follow up calls on behalf of the NHS/Stepping Hill Hospital. Overall, we have continued to enhance collaborative relationships during this financial period. |
Team Training |
We have carried out team training both in house and using an external consultant to provide learning and peer support. |
Volunteer Support |
We have continued to be supported by a group of dedicated volunteers, who give their time in a range of roles. During this period, we have achieved the following: |
Total number of volunteers | 85 |
Number of regular, active volunteers* | 70 |
Total number of volunteer hours given to the Charity: |
11,257 |
Financial value of volunteer support | £101,565 |
* Regular or active volunteers are defined (in this instance) as those who give time to Beechwood once a fortnight or more. |
The value, both economic and social, of volunteers within a charity cannot be underestimated. Not only do volunteers bring skills, experience and expertise to the organisation, they also create their own unique teams and build lasting friendships; essentially, volunteering creates a general sense of wellbeing which, can help improve physical and mental health, in addition to helping the Charity. |
Beechwood thanks and recognises its volunteer support in a variety of ways, notwithstanding two dedicated thank you events each June and December. |
We have continued to see a slight downturn in volunteer recruitment (since the pandemic in 2020), which can be attributed to several factors, for example, later retirement age, cost of living pressures force potential or existing volunteers back into paid work, family caring responsibilities etc. |
Safeguarding |
The Charity's Safeguarding Adults and Children Policy has been reviewed and approved by an external safeguarding expert during this financial year. Any new starters in this period also undertook the local Greater Manchester safeguarding training, with longer-term staff undertaking refreshers, where relevant. Bespoke in-person refresher training will be provided in line with the training guidelines, likely to be 2024-25. |
Upgrade of Equipment |
IT and other equipment are reviewed on an ongoing basis to ensure they meet the needs of the Charity and are fit-for-purpose. |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
FINANCIAL REVIEW |
A summary of the year's financial results can be found on page 15 of the attached accounts. |
During the year, the total incoming resources of the Charity were £1,017,309 compared to £1,126,993 the previous year, representing a year on year decrease of 10%. |
This included restricted income of £5,200 whilst all other income was unrestricted. |
Overall expenditure has increased year on year from £796,815 in the year to March 2023 to £917,893 in the year to March 2024, demonstrating an increase of 15%. |
Reserves policy |
The Trustees have examined the Charity's requirements for reserves considering the main risks and financial commitments for the organisation. They have established a policy whereby the unrestricted funds (not committed nor invested in tangible fixed assets held by the Charity) should equate to 12 months of regular expenditure, estimated at £840k. |
The reserves are needed to meet the working capital requirements of the Charity, and the Trustees are confident that at this level they should be able to continue the current activities of the Charity in the event of a significant decline in funding. |
At the balance sheet date, the free reserves of the Charity were £1.49m (2023: £1.38m). The levels of free reserves held by the Charity offer resilience and the ability to provide ongoing service delivery through challenging times, tested in recent years by the Covid-19 pandemic. |
Investment policy |
Under the Memorandum and Articles, the Charity has the power to make any investments which the Trustees see fit. All risk factors are examined and discussed, and professional advice taken when required. |
The Charity had a policy of keeping the majority of surplus funds in short term deposit accounts but is looking to move to using some medium to long term investment accounts in order to maximise on interest rate income. This will be fully explored and assessed during the following financial year. |
In the current year, 26% of the Charity's income is from Greater Manchester ICC and is fundamental to the continuation of the existing service provision at Beechwood. To avoid over-reliance on specific funding streams, the Charity is actively exploring alternative funding opportunities via grants and trusts, including corporate sponsorship. During the period in question, the Charity has been successful in securing small grants for specific projects, namely a new Outreach & Engagement Counsellor, whose focus will be on children, young people, families and local partners, e.g., schools. The new postholder will begin in the next financial year. |
The Charity is keen to continue to build on corporate, community and individual support, whilst recognising the considerations many are now facing as the economy begins to influence charitable giving and donations. As such, having undertaken a fundraising scoping exercise during a Strategy Day with Trustees, the Charity will embark on a recruitment campaign to attract a fundraising and marketing role in the next financial year to secure the skills needed in the Charity. |
We said, and we did... |
During 2023-24 we committed to the following: |
- | Reassessing recruitment methods to attract candidates suitable and experienced in the charity sector |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
- | Undertake a fundraising scoping exercise, potentially with independent support to ‘fine tune’ the Charity’s fundraising focus |
- | Introduce additional support to men affected by prostate cancer |
- | Expand the range of complementary therapy treatments and increased flexibility in the way they are offered |
- | Attract another Beechwood Ambassador |
- | Find new ways to ‘do more with the same’ in light of the economic climate and increasing demands on the service |
- | Increase collaborative projects with other partners, including the NHS |
- | Introduce an outreach position specifically to engage in outreach with schools, GPs and to offer some counselling to children and young people in the school environment [when getting to the Centre would prevent them from accessing support] |
- | Introduce ‘sessional counsellors’ to support at peak referral times and to help alleviate the waiting times for clients |
- | Recruit a new senior retail manager position to give robust support and to develop the Charity’s retail function |
- | Establish an events committee to oversee and enhance the Charity’s portfolio of fundraising events and to feed into the Board any recommendations and approval for actions and expenditure |
- | Up-skilling and tapping into Counsellors’ skills to provide additional therapeutic support outside of the counselling rooms e.g., groups and workshops |
- | Introduce young people’s bereavement support groups |
- | Engage with more community groups to attract new volunteers |
- | Engage with colleges to attract young people into volunteering |
- | Establish a team of event volunteers specifically trained to support Beechwood’s main events and to support local events as representatives of Beechwood |
What we didn't achieve in this financial period, but which are in progress and will run into the next financial year: |
- | Introduce additional support to women affected by breast cancer |
- | Monitor and assess available local commercial units with a view to increasing the number of Beechwood retail premises |
- | Introduce young people's bereavement support groups |
During 2024-25 we commit to the following: |
- | Introduce a fortnightly café for clients with a cancer diagnosis |
- | Introduce a focused half day programme of support for clients with a diagnosis |
- | Introduce a focused half day holistic support programme |
- | Train counsellors in additional therapeutic modalities and/or specific trainings |
- | Increase the number of new support groups and workshops |
- | Increase collaboration with external healthcare providers |
- | Recruit to a Snr Fundraising & Marketing position |
- | Diversify fundraising income streams, e.g., increase Payroll Giving |
- | Increase community engagement |
- | Increase community fundraising events |
- | Review banking and investment arrangements and take appropriate action |
Our Business and Community Supporters |
We are indebted to our supporters, large and small. The following is a snapshot of some of the organisations we are so fortunate to receive support from; these are supplemented by the many individual donations that we receive to ensure the work of Beechwood is free of charge to anyone affected by cancer. |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
Adana Construction | Ladybridge Park Resident's Club |
Asda Foundation | Luna Investment Management Limited |
Barbara Lewis | Marple Golf Club |
Bramhall Methodist Church Thrift Shop | MF Logistics |
Bredbury Library | Offerton Scout & Guide Group (1st & 4th) |
Bridge Hall Primary School | Our Lady & St Christopher's Church, Romiley |
Caddick Construction | Pareto Financial Planning |
C&C Insurance | Pure Leisure Group |
Disley Golf Club | RF Fielding Hay & Straw |
Drive Further | Scissorhands |
DSG Finance | Steadfast Lodge |
Edgeley Railway Club | St Mary's Parish Church, Reddish |
Eleanor Hamilton Education Trust | Stockport County Football Club |
Enigma Bar | Stockport Electrical Services |
Eric Wright Charitable Trust | Stockport High School Old Girls Association |
Essential Insurance | Stockport Rock and Roll Society |
Fabelou Fashion & Francesca Moody | Suburban Muse |
Hall Brown Family Law | Terry Wellard Memorial Golf Day |
Hazel Grove Thai Chi for Health | The Buckland Charitable Trust |
High Lane Village Hall | Wynsors Shoes |
Inner Wheel Club of Hazel Grove | Yeshurun Hebrew Congregation |
Marple Cancer Charities Committee |
The above list is not exhaustive, and our gratitude goes out to each and every one of our supporters – Thank You. |
Many thanks also to the many individuals, clubs, churches, groups and associations of Greater Manchester and Stockport for their continued support. |
The support of the community is at the heart of the Charity and is greatly appreciated. |
STRATEGIC REPORT |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
Registered office |
Trustees |
Auditors |
Chartered Accountants and |
Statutory Auditors |
Clarke Nicklin House |
Brooks Drive |
Cheadle Royal Business Park |
Cheadle |
Cheshire |
SK8 3TD |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Beechwood Cancer Care Centre for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
In so far as the trustees are aware: |
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
AUDITORS |
The auditors, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
BEECHWOOD CANCER CARE CENTRE |
Opinion |
We have audited the financial statements of Beechwood Cancer Care Centre (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. |
Other information |
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
BEECHWOOD CANCER CARE CENTRE |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit. |
Responsibilities of trustees |
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
BEECHWOOD CANCER CARE CENTRE |
Our responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
Procedures to identify risks: |
- | enquiring of management concerning the entity's procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |
- | discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas: timing of recognition of income, and posting of unusual journals; and |
- | obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the entity. The key laws and regulations we considered in this context included UK Companies Act, Charities Act, employment law, health and safety, pensions legislation and tax legislation. |
The procedures to respond to risks identified included: |
- | reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above; |
- | enquiring of management, concerning actual and potential litigation and claims; |
- | performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |
- | testing the timing and matching of income and expense transactions either side of the year end; and |
- | in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal course of business. |
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. |
There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulation that are not closely related to events and transactions reflected in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detection one resulting from an error, as fraud may involve deliberate concealment, by for example, forgery or intentional misrepresentation, or through collusion. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
BEECHWOOD CANCER CARE CENTRE |
Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Chartered Accountants and |
Statutory Auditors |
Brooks Drive |
Cheadle Royal Business Park |
Cheadle |
Cheshire |
SK8 3TD |
BEECHWOOD CANCER CARE CENTRE |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations, legacies and grants | 2 |
Charitable activities | 5 |
Other trading activities | 3 |
Investment income | 4 |
Other income | 6 |
Total |
EXPENDITURE ON |
Charitable activities | 7 |
Governance costs | 8,000 | - | 8,000 | 6,500 |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,900,519 |
BEECHWOOD CANCER CARE CENTRE (REGISTERED NUMBER: 02650841) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 13 |
Tangible assets | 14 |
Investments | 15 |
CURRENT ASSETS |
Debtors | 16 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 17 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 19 |
Unrestricted funds | 1,858,650 |
Restricted funds | 41,869 |
TOTAL FUNDS | 1,900,519 |
The financial statements were approved by the Board of Trustees and authorised for issue on |
BEECHWOOD CANCER CARE CENTRE |
CASH FLOW STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 156,204 | 301,533 |
Net cash provided by operating activities | 156,204 | 301,533 |
Cash flows from investing activities |
Purchase of intangible fixed assets | - | (3,611 | ) |
Purchase of tangible fixed assets | (16,265 | ) | (768 | ) |
Sale of tangible fixed assets | - | 186,000 |
Net cash (used in)/provided by investing activities | (16,265 | ) | 181,621 |
Cash flows from financing activities |
Repayment of bank loans | - | (56,468 | ) |
Repayment of amount owed by group | 26,619 | - |
Net cash provided by/(used in) financing activities | 26,619 | (56,468 | ) |
Change in cash and cash equivalents in the reporting period |
166,558 |
426,686 |
Cash and cash equivalents at the beginning of the reporting period |
1,393,233 |
966,547 |
Cash and cash equivalents at the end of the reporting period |
1,559,791 |
1,393,233 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE CASH FLOW STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
2024 | 2023 |
£ | £ |
Net income for the reporting period (as per the Statement of Financial Activities) |
99,416 |
330,178 |
Adjustments for: |
Depreciation charges | 24,759 | 24,149 |
Profit on disposal of fixed assets | - | (108,398 | ) |
Decrease/(increase) in debtors | 6,097 | (83,487 | ) |
Increase in creditors | 25,932 | 139,091 |
Net cash provided by operations | 156,204 | 301,533 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.4.23 | Cash flow | At 31.3.24 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 1,393,233 | 166,558 | 1,559,791 |
1,393,233 | 166,558 | 1,559,791 |
Total | 1,393,233 | 166,558 | 1,559,791 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. |
The charitable company has taken the option under Section 405 of the Companies Act 2008 not to prepare consolidated financial statements as its subsidiary undertaking has not traded and is not material for the purposes of giving a true and fair view. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Intangible fixed assets |
Intangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: |
Website & patient care system 15% on cost |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Improvements to property | - |
Fixtures and fittings | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | ACCOUNTING POLICIES - continued |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | DONATIONS, LEGACIES AND GRANTS |
2024 | 2023 |
£ | £ |
Donations |
NHS contracts |
Legacies |
Lottery | 562 | 1,512 |
Grants/Trusts | - | 1,000 |
3. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
£ | £ |
Charitable shops income |
4. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Interest receivable | 22,139 | 6,521 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
5. | INCOME FROM CHARITABLE ACTIVITIES |
2024 | 2023 |
Activity | £ | £ |
Fundraising events | Fundraising | 371,046 | 342,597 |
6. | OTHER INCOME |
2024 | 2023 |
£ | £ |
Gain on sale of tangible fixed assets | - | 108,398 |
Other income | 4,632 | - |
Rental income | - | 2,258 |
Electricity income | 4,884 | 3,167 |
Training and room hire | - | 450 |
9,516 | 114,273 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
7. | CHARITABLE ACTIVITIES COSTS |
Fundraising |
Charitable shops |
Patient care |
Governance costs |
Total 2024 |
Total 2023 |
£ | £ | £ | £ | £ | £ |
Staff costs | 56,201 | 64,032 | 358,270 | - | 478,503 | 372,818 |
Depreciation and impairment |
- |
16,650 |
8,110 |
- |
24,760 |
24,125 |
Staff training | 306 | 160 | 4,434 | - | 4,900 | 3,878 |
Staff volunteer expenses |
(100 |
) |
230 |
3,780 |
- |
3,910 |
2,898 |
Property costs - Centre |
- |
- |
62,071 |
- |
62,071 |
41,493 |
Fundraising expenses |
139,347 |
- |
- |
- |
139,347 |
145,898 |
Patient activites | - | - | 17,771 | - | 17,771 | 12,859 |
Property costs - Shop |
- |
48,909 |
- |
48,909 |
45,876 |
Food provisions | - | - | 2,875 | - | 2,875 | 668 |
Irrecoverable VAT | 35,804 | - | - | - | 35,804 | 32,700 |
IT costs and website |
882 |
- |
21,124 |
- |
22,006 |
20,060 |
Postage, printing and stationery |
- |
- |
4,252 |
- |
4,252 |
3,745 |
Advertising and marketing |
2,841 |
- |
- |
- |
2,841 |
9,560 |
Accountancy and professional fees |
1,610 |
295 |
9,743 |
- |
11,648 |
16,502 |
Project expenditure |
- |
- |
12,296 |
- |
12,296 |
19,435 |
Bad debts | 38,000 | - | - | - | 38,000 | 37,800 |
274,891 | 130,276 | 504,726 | - | 909,893 | 790,315 |
Share of governance costs (see note 8) |
- |
- |
- |
8,000 |
8,000 |
6,500 |
274,891 | 130,276 | 504,726 | 8,000 | 917,893 | 796,815 |
Analysis by Fund |
Unrestricted fund | 274,891 | 130,276 | 486,191 | 8,000 | 899,358 |
Restricted fund | - | - | 18,535 | - | 18,535 |
274,891 | 130,276 | 504,726 | 8,000 | 917,893 |
For the year ended 31 March 2023 |
Unrestricted funds | 213,347 | 101,760 | 456,673 | 6,500 | 778,280 |
Restricted funds | - | - | 18,535 | - | 18,535 |
213,347 | 101,760 | 475,208 | 6,500 | 796,815 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
8. | SUPPORT COSTS |
Governance |
costs |
£ |
Governance costs | 8,000 |
Support costs, included in the above, are as follows: |
Governance costs |
2024 | 2023 |
Governance | Total |
costs | activities |
£ | £ |
Auditors' remuneration | 8,000 | 6,500 |
9. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Audit fee | 8,000 | 6,500 |
Depreciation - owned assets |
Surplus on disposal of fixed assets | ( |
) |
Computer software amortisation |
10. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Management/administration | 6 | 5 |
Fundraising | 3 | 2 |
Clinical | 8 | 8 |
Shops | 3 | 2 |
Housekeeping | 2 | 2 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |
2024 | 2023 |
£70,001 - £80,000 |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations, legacies and grants |
Charitable activities |
Other trading activities |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
101,759 | - |
Governance costs | 6,500 | - | 6,500 |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 1,532,787 | 37,554 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | fund | funds |
£ | £ | £ |
TOTAL FUNDS CARRIED FORWARD | 1,858,650 | 41,869 | 1,900,519 |
13. | INTANGIBLE FIXED ASSETS |
Computer |
software |
£ |
COST |
At 1 April 2023 and 31 March 2024 |
AMORTISATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
14. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
15. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
MARKET VALUE |
At 1 April 2023 and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 | 1 |
At 31 March 2023 | 1 |
There were no investment assets outside the UK. |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Registered office: C/O Beechwood Cancer Care Centre, Chelford Grove, Stockport, Cheshire, SK3 8LS |
Nature of business: Non-trading |
% |
Class of share: | holding |
£ | £ |
Aggregate capital and reserves |
16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other taxation and social security | 9,642 | 6,333 |
VAT | 1,052 | 6,692 |
Other creditors |
Accrued expenses |
18. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
19. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.23 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,858,650 | 98,598 | 1,957,248 |
Restricted funds |
Restricted fund | 41,869 | 818 | 42,687 |
TOTAL FUNDS | 99,416 | 1,999,935 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,012,109 | (913,511 | ) | 98,598 |
Restricted funds |
Restricted fund | 5,200 | (4,382 | ) | 818 |
TOTAL FUNDS | ( |
) | 99,416 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
19. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,532,787 | 325,863 | 1,858,650 |
Restricted funds |
Restricted fund | 37,554 | 4,315 | 41,869 |
TOTAL FUNDS | 1,570,341 | 330,178 | 1,900,519 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,104,143 | (778,280 | ) | 325,863 |
Restricted funds |
Restricted fund | 22,850 | (18,535 | ) | 4,315 |
TOTAL FUNDS | 1,126,993 | (796,815 | ) | 330,178 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,532,787 | 424,461 | 1,957,248 |
Restricted funds |
Restricted fund | 37,554 | 5,133 | 42,687 |
TOTAL FUNDS | 1,570,341 | 429,594 | 1,999,935 |
BEECHWOOD CANCER CARE CENTRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
19. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 2,116,252 | (1,691,791 | ) | 424,461 |
Restricted funds |
Restricted fund | 28,050 | (22,917 | ) | 5,133 |
TOTAL FUNDS | 2,144,302 | (1,714,708 | ) | 429,594 |
20. | RELATED PARTY DISCLOSURES |
During the financial year Pareto Financial Planning Ltd (John Stevenson is a Director) purchased fundraising event tickets totalling £11,500(2023: £4,000). Luna Investment Management Ltd (John Stevenson is a Director) purchased fundraising event tickets totalling £6,400(2023: £13,500). |
At year end Pareto Financial Planning Ltd had a trade debtor balance of £500, Luna Investment Management Ltd had a trade debtor balance of £500. |
These transactions were all at arm's length. |