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REGISTERED COMPANY NUMBER: 03334552 (England and Wales)
REGISTERED CHARITY NUMBER: 1062236














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lady McAdden Breast Cancer Trust

Lady McAdden Breast Cancer Trust






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1 to 5

Independent Examiner's Report 6

Statement of Financial Activities 7

Balance Sheet 8 to 9

Notes to the Financial Statements 10 to 17

Lady McAdden Breast Cancer Trust (Registered number: 03334552)

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 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to preserve and promote the good health of the female population through advice, education and awareness.

Significant activities
The significant activities of the charity in the year were:

Self referred nurse appointments for Breast Awareness:

The trusts Breast Awareness appointments with a specialist nurse are currently the only self referral service available in the UK (via face to face or video call) and this has enabled women of all ages but especially younger women to access information and advice not available to them before.


Breast cancer awareness - "Check yourself" Campaign:

The charity operates a text reminder service which goes out to subscribers to remind them to perform monthly checks of their breasts for any changes.


Nurse support for woman facing treatment:

Our nurses are also providing ongoing support to a wide range of women who may be undergoing treatment or have other concerns.


Advocacy for women to obtain fast track GP appointments:

Due to the strains on the NHS many women who are unable to get doctor's appointments are accessing our nurses to get reassurance about breast pain concerns or changes they have noticed. Due to the relationships, we have built over the last few years with a wide range of GPs, if there is a concern our nurses have been able to get an appointment, often on the same day, for these concerns to be followed up.

Outreach nurse clinics:

The trust has made appointments more accessible by holding face to face sessions in community venues, something which is to be continued and developed over the coming years. We are also developing a corporate, community and schools programme where nurses or trained members of staff give breast awareness talks to groups of women, explaining the importance of breast health


Awareness outreach work:

The trust actively performs awareness work to promote information which will assist women in early detection of breast cancer. This service is vital in the fight against breast cancer survival as national figures showing that 42% of women who are newly diagnosed, find changes themselves and the earlier symptoms are detected the better the outcomes. Coupled with the fact 46% of women admit to not checking themselves, giving confidence to women to know how to check themselves correctly and what to look for is a significant part of our work.


Lady McAdden Breast Cancer Trust (Registered number: 03334552)

Report of the Trustees
for the Year Ended 31 March 2024


OBJECTIVES AND ACTIVITIES
Public benefit
The Trustees have reviewed the public benefit the charity provides in line with guidance from the Charity Commission and is satisfied the charity provides due benefit to the public to continue operation.

The trustees are grateful for the continued generous support of all of its benefactors and of donations from the general public, which are essential for the charity's continued survival. Special mention must be made of the trustees' gratitude to all members of staff and volunteers. Without their support and hard work, the charity could not function so successfully or remain at the forefront of breast cancer detection and health education within the community.

ACHIEVEMENT AND PERFORMANCE
During the period under review the charity has performed the following:

804 Day Time Appointments delivered, increased from 441 appointments in 2023.
205 Evening Appointments delivered, increased from 113 appointments in 2023.


175 new people are subscribed to our free text reminder service. During the year, unfortunately 5 people have been diagnosed with a cancer diagnosis within this time period. Currently we are supporting one of these ladies through their diagnosis.

42 events were attended to present awareness talks with the community.

1000 people attended the "Selfie on Sea" project which involved a large empty shop unit in the Royals Shopping Centre being converted into 12 selfie stations for the enjoyment of the community whilst performing outreach work.

90 women attended an International Women's day "Ladies that lunch" event with Gillian Mullane OBE as guest speaker whilst we promoted the services of the charity.

FINANCIAL REVIEW
Principal funding sources
The charity obtains it's funding from the following principle sources:

Tilbury charity shop:

The Tilbury shop income remains a significant part of the trust's income, which has been further enhanced with the introduction of the community bra bins. The trustees and grateful to the shop management, staff and volunteers for their dedication and hard work year after year which provides a solid foundation to allow the trust to continue its work.

There are now over 40 bra bins across the Essex area. Each bin averages 150 bras, which has the potential to generate an income of £60 per bin when sold at the charity shop. The bins vary from location to location as to how often they need emptying and collecting. Not only are the bins producing a valuable income, they are also raising awareness of the trust in new areas.

Pop up evening dress shop:

Donated prom, evening and wedding dresses were sold in a pop up dress shop at the Royals Shopping Centre, Southend.

Fundraising events:

A variety of community fundraising events contribute a growing amount of funds to the trust's income. As always, the support of volunteers continues to be invaluable in raising much needed funds.

The trust relies on donations by individuals, companies, grants and a wide range of other fund raising activities by individuals.


Lady McAdden Breast Cancer Trust (Registered number: 03334552)

Report of the Trustees
for the Year Ended 31 March 2024


FINANCIAL REVIEW
Investment policy and objectives
Under the Memorandum and Articles of Association, the trustees have discretion to make investments on behalf of the charity that they consider to be appropriate.

The trustees have regard to the liquidity requirements of operating the trust and to the reserves policy in formulating the charity's investment policy. The charity is investing available funds in interest bearing deposit accounts and 2 one year interest bearing bonds offering some opportunity to earn interest on our deposits.

Reserves policy
The trustees have established a policy whereby unrestricted funds not committed or invested in tangible fixed assets (the "free reserves") held by the charity should be six months of the resources expended. At this level the trustees are of the opinion that they would be able to continue the current activities of the charity in the event of a significant reduction in funding until replacement funding could be obtained or, if this is not sustainable, to enable the trustees to manage the requisite changes in the service provided.

In addition, the trustees have signed-off a new Business Plan which will see Lady McAdden develop the services it provides, extending its support to those diagnosed with breast cancer and those in remission, in addition to the awareness raising services it currently provides. Our vision is to create a physical location of exceptional quality where a range of supportive offerings will be located (such as wig fitting, bra fitting, complementary therapies, counselling, coffee, exercise and facilities for hire).

At the end of the financial period the charity had reserves which satisifed the reserves policy of the charity.

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.

Recruitment and appointment of new trustees
As set out in the Articles of Association, no person shall be appointed a trustee of the charity unless the application for appointment is approved by the existing trustees. The trustees shall consist of not less than three but not more than ten persons. As at March 2024 there are therefore currently vacancies on the Board. A trustee serves for a period of four years, after which time the trustee may apply for renewal of appointment.

During recruitment of trustees a skills review is completed to ensure a representative skill base is achieved, as far as possible, and that potential trustees are aware of the charity's objectives and legal requirements.
Remuneration of key management personnel

The remuneration of management personnel is at the discretion of the trustees and is now considered taking into account the charity's finances and inflation.

Organisational structure
The Trustees have appointed a qualified Chief Executive, Esther Taylor to delegate the day to day operational function of the charity.

Wider network
The charity is not part of a wider network of charities nor a member of any umbrella group. There has been much work done to develop contact with GPs, local hospitals and Centres of Excellence. The charity is always receptive to joint working partnerships within health-related fields. It is also proud of the connections established with local businesses, community groups and retail sector.

Related parties
The charity has no subsidiaries or related parties, other than the trustees and does not pursue its charitable objects in co-operation or partnership with any other organisation.


Lady McAdden Breast Cancer Trust (Registered number: 03334552)

Report of the Trustees
for the Year Ended 31 March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Principle risks to the charity are those of:

Litigation risk:

Indemnity insurance policies are in place covering third party risks, trustees' and officers' indemnity and infidelity, medical malpractice, and with specific insurance to cover the charity's fundraising events, including the shop.


Financial fraud risk:

Continuous reviews are undertaken of the systems and practices which are designed to minimise any potential risks, including those relating to the authorisation of transactions, and projects by appropriate individuals and the timely and comprehensive recording of all income and other financial transactions.

The trustees are responsible for the charity's general strategy and policy matters. The business managers, who have designated authority to commit sums of up to £500 provided they are within the charity's objectives, are responsible for the day to day running of the unit and the finance manager is responsible for the charity's financial matters. They report to the trustees, who meet regularly to ensure the satisfactory management of the charity's affairs.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03334552 (England and Wales)

Registered Charity number
1062236

Registered office
The Lady McAdden Centre
203 Elmsleigh Drive
Leigh on Sea
Essex
SS9 4JH

Trustees
Mrs J L Jones
A Kirkman
Mrs L Marston
Mrs C L Nichols
Mrs C Wyatt (appointed 6.5.2023)
W Moss (appointed 1.4.2023) (resigned 28.2.2024)

Independent Examiner
Butlers Chartered Accountants
1434 London Road
Leigh on Sea
Essex
SS9 2UL


Lady McAdden Breast Cancer Trust (Registered number: 03334552)

Report of the Trustees
for the Year Ended 31 March 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Advisers
Bankers:

CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ

Lloyds Bank plc
25 Gresham Street
London EC2V 7HN

Barclays Bank plc
1 Churchill Place
London E14 5HP

Metro Bank
One Southampton Row,
London
WC1B 5HA

Scottish Widows Bank plc
67 Morrison Street
Edinburgh EH3 8YJ

Approved by order of the board of trustees on 23 November 2024 and signed on its behalf by:





Mrs C L Nichols - Trustee

Independent Examiner's Report to the Trustees of
Lady McAdden Breast Cancer Trust

Independent examiner's report to the trustees of Lady McAdden Breast Cancer Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Butlers Chartered Accountants provided a mechanical book-keeping services for the charity during the year, which is separable in staffing from the independent examination. The FRC's Revised Ethical Standard hsd been followed in respect of this assignment.








Hayley Meagher FCA
The Institute of Chartered Accountants in England and Wales

Butlers Chartered Accountants
1434 London Road
Leigh on Sea
Essex
SS9 2UL

23 November 2024

Lady McAdden Breast Cancer Trust

Statement of Financial Activities
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 114,750 - 114,750 24,205

Charitable activities
General - - - 7,720

Other trading activities 2 197,529 - 197,529 185,146
Investment income 3 5,074 - 5,074 450
Other income - - - 238
Total 317,353 - 317,353 217,759

EXPENDITURE ON
Raising funds 115,788 - 115,788 79,668

Charitable activities
General 138,094 1,619 139,713 143,099
Total 253,882 1,619 255,501 222,767

NET INCOME/(EXPENDITURE) 63,471 (1,619 ) 61,852 (5,008 )


RECONCILIATION OF FUNDS
Total funds brought forward 605,769 1,619 607,388 612,294

TOTAL FUNDS CARRIED FORWARD 669,240 - 669,240 607,286

Lady McAdden Breast Cancer Trust (Registered number: 03334552)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 326,698 - 326,698 319,015

CURRENT ASSETS
Debtors 10 3,247 - 3,247 12,160
Cash at bank and in hand 347,818 - 347,818 282,666
351,065 - 351,065 294,826

CREDITORS
Amounts falling due within one year 11 (8,523 ) - (8,523 ) (6,555 )

NET CURRENT ASSETS 342,542 - 342,542 288,271

TOTAL ASSETS LESS CURRENT
LIABILITIES

669,240

-

669,240

607,286

NET ASSETS 669,240 - 669,240 607,286
FUNDS 12
Unrestricted funds:
General fund 174,240 605,364
Designated Property Ownership Fund 325,000 -
Designated Building Improvement Fund 20,000 -
Designated Charity Shop Expansion Fund 70,000 -
Designated Service Development Fund 80,000 -
669,240 605,364
Restricted funds - 1,922
TOTAL FUNDS 669,240 607,286

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Lady McAdden Breast Cancer Trust (Registered number: 03334552)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 23 November 2024 and were signed on its behalf by:





C L Nichols - Trustee





C Wyatt - Trustee

Lady McAdden Breast Cancer Trust

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, as modified by the revaluation of certain assets.

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.

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 - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold property is held on a fair value basis since 1st April 2024 which was a change from the previous policy of historic cost less depreciation.

The property will be valued every three years by a competent valuer.

Taxation
The charity is exempt from corporation tax on its charitable activities.

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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Lady McAdden Breast Cancer Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. OTHER TRADING ACTIVITIES
31.3.24 31.3.23
as restated
£    £   
Fundraising events 47,270 17,711
Shop income 144,892 140,174
Ebay income - 951
Pop up Shop income 5,367 26,310
197,529 185,146

3. INVESTMENT INCOME
31.3.24 31.3.23
as restated
£    £   
Rents received 2,325 -
Deposit account interest 2,749 450
5,074 450

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
as restated
£    £   
Depreciation - owned assets 566 10,828

5. 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.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
as restated
Charitable delivery 3 3
Nursing 4 4
Fundraising/shop trading 5 5
12 12

No employees received emoluments in excess of £60,000.

Lady McAdden Breast Cancer Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
as restated
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 11,836 12,369 24,205

Charitable activities
General 7,720 - 7,720

Other trading activities 185,146 - 185,146
Investment income 450 - 450
Other income - 238 238
Total 205,152 12,607 217,759

EXPENDITURE ON
Raising funds 74,668 5,000 79,668

Charitable activities
General 136,740 6,359 143,099
Total 211,408 11,359 222,767

NET INCOME/(EXPENDITURE) (6,256 ) 1,248 (5,008 )


RECONCILIATION OF FUNDS
Total funds brought forward 611,620 674 612,294

TOTAL FUNDS CARRIED FORWARD 605,364 1,922 607,286

8. PRIOR YEAR ADJUSTMENT

A prior year adjustment was made for the reclassification of land and buildings in the financial statements to 31st March 2023.

Previous sets of financial statements classified the property as long leasehold, when in fact the property is owned freehold. Disclosures have been changed in this respect, however do not create any changes to the published SOFA.


Lady McAdden Breast Cancer Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 377,189 39,515 15,500 432,204
Impairments (52,189 ) - - (52,189 )
At 31 March 2024 325,000 39,515 15,500 380,015
DEPRECIATION
At 1 April 2023 60,438 37,251 15,500 113,189
Charge for year - 566 - 566
Revaluation adjustments (60,438 ) - - (60,438 )
At 31 March 2024 - 37,817 15,500 53,317
NET BOOK VALUE
At 31 March 2024 325,000 1,698 - 326,698
At 31 March 2023 316,751 2,264 - 319,015

Included in cost or valuation of land and buildings is freehold land of £75,000 which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2024 (52,189 ) - - (52,189 )
Cost 377,189 39,515 15,500 432,204
325,000 39,515 15,500 380,015

If Freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
as restated
£    £   
Cost 377,189 377,189
Aggregate depreciation - 60,438

Value of land in freehold land and buildings 75,000 75,000

Freehold land and buildings were valued on an open market basis on 31 March 2024 by estate agents .


Lady McAdden Breast Cancer Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade debtors - 2,101
Prepayments and accrued income 3,247 10,059
3,247 12,160

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade creditors 4,060 1,062
Social security and other taxes 3,608 -
Other creditors 684 537
Accrued expenses 171 4,956
8,523 6,555

12. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 605,769 55,222 (486,751 ) 174,240
Designated Property Ownership Fund - 8,249 316,751 325,000
Designated Building Improvement Fund - - 20,000 20,000
Designated Charity Shop Expansion Fund - - 70,000 70,000
Designated Service Development Fund - - 80,000 80,000
605,769 63,471 - 669,240
Restricted funds
Gannett Foundation 1,619 (1,619 ) - -

TOTAL FUNDS 607,388 61,852 - 669,240

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 317,353 (262,131 ) 55,222
Designated Property Ownership Fund - 8,249 8,249
317,353 (253,882 ) 63,471
Restricted funds
Gannett Foundation - (1,619 ) (1,619 )

TOTAL FUNDS 317,353 (255,501 ) 61,852


Lady McAdden Breast Cancer Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. 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 611,620 (6,256 ) 605,364

Restricted funds
Gannett Foundation - 1,619 1,619
The National Lottery 674 (371 ) 303
674 1,248 1,922
TOTAL FUNDS 612,294 (5,008 ) 607,286

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 205,152 (211,408 ) (6,256 )

Restricted funds
Pink Ribbon 4,250 (4,250 ) -
Fowler Smith and Jones 1,500 (1,500 ) -
Albert Hunt Trust 5,000 (5,000 ) -
Gannett Foundation 1,619 - 1,619
Kickstart 238 (238 ) -
The National Lottery - (371 ) (371 )
12,607 (11,359 ) 1,248
TOTAL FUNDS 217,759 (222,767 ) (5,008 )

Lady McAdden Breast Cancer Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 611,620 48,966 (486,751 ) 173,835
Designated Property Ownership Fund - 8,249 316,751 325,000
Designated Building Improvement Fund - - 20,000 20,000
Designated Charity Shop Expansion Fund - - 70,000 70,000
Designated Service Development Fund - - 80,000 80,000
611,620 57,215 - 668,835
Restricted funds
The National Lottery 674 (371 ) - 303

TOTAL FUNDS 612,294 56,844 - 669,138

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 522,505 (473,539 ) 48,966
Designated Property Ownership Fund - 8,249 8,249
522,505 (465,290 ) 57,215
Restricted funds
Pink Ribbon 4,250 (4,250 ) -
Fowler Smith and Jones 1,500 (1,500 ) -
Albert Hunt Trust 5,000 (5,000 ) -
Gannett Foundation 1,619 (1,619 ) -
Kickstart 238 (238 ) -
The National Lottery - (371 ) (371 )
12,607 (12,978 ) (371 )
TOTAL FUNDS 535,112 (478,268 ) 56,844

The following funds are held by the charity:

Designated fund - Freehold property fund:

The charity transferred the value of the freehold property into a designated fund in the year in order to be safeguarded separately from the general reserve.


Designated fund - Building improvement fund:

The balance of these funds are held for the future improvement of the property at Elmsleigh Drive Leigh on Sea


Lady McAdden Breast Cancer Trust

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued


Designated fund - Charity shop expansion fund:

The balance of these funds are held for the future creation of a second charity shop in an additional location.


Designated fund - Service delivery fund:

The balance of these funds are held towards the hiring of 2 additional resources and investment in set-up research and marketing activities to extend Lady McAdden's services as per years 2 & 3 of the business plan


National lottery restricted fund:

Fixed assets held within the National Lottery restricted fund were transferred to the general fund due to the grant conditions of purchase being met. Therefore assets can now be combined in the general fund.

Transfers between funds

The following transfers were made between funds in the year:

Designated fund - Freehold property fund:

The charity transferred the value of the freehold property into a designated fund in the year in order to be safeguarded separately from the general reserve.


National lottery restricted fund:

Fixed assets held within the National Lottery restricted fund were transferred to the general fund due to the grant conditions of purchase being met. Therefore assets can now be combined in the general fund.

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.