The trustees present their report and financial statements for the year ended 30 April 2024.
The Charity was incorporated on 29th April 2020 and commenced operations from this date.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
NIPANC is a Northern Ireland charity working to improve the outcomes of pancreatic cancer by:
Increasing public understanding of this cancer
Promoting awareness of the cancer’s signs and symptoms by both medical professionals and members of the public
Funding vital research
Supporting patients and their families
NIPANC has its roots in a group of people affected by pancreatic cancer coming together for support and to raise funds to promote better diagnosis and treatment for future patients.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
As NIPANC approaches its sixth year as a registered charity it continues to grow and develop to address its three key objectives: raising awareness of Pancreatic Cancer and its symptoms; funding necessary research; and supporting affected families. This year has seen important progress in each area.
In 2023-24 NIPANC’s annual Pancreatic Cancer Awareness campaign was built on the success of previous years. The theme for the campaign in 2023 was survivors of Pancreatic Cancer. The month-long campaign aired poignant accounts from survivors, highlighting the nature of Pancreatic Cancer, its impact on their families and the importance of early diagnosis and treatment.
The campaign once again attracted great interest from the media and was successful in putting a human face on the impact of Pancreatic Cancer and the importance of seeking early diagnosis. This campaign, and those of previous years, has helped NIPANC in significantly raising public awareness of Pancreatic Cancer, as well as signposting its work.
On the research front, the clinical audit of Pancreatic Cancer cases which NIPANC funded in 2022-23 reported. The audit provided an important updating of information on the prevalence of Pancreatic Cancer the Northern Ireland, highlighting the very low survival rates and the need for earlier detection of the cancer. The audit raised a number of questions about current practice and detection rates which will generate further research.
Work also continues, in collaboration with Queens University Belfast and Focus Games on the development of a gaming app, directed at clinicians, to help them to recognise Pancreatic Cancer symptoms earlier. On completion, the app will be incorporated in clinical courses at Queens University.
NIPANC is working with its clinical advisors’ group to identify significant research projects which its support would facilitate going forward. In addition, NIPANC is now supporting two PhD students at Queens University researching aspects of Pancreatic Cancer support and treatment, another collaborative approach set to grow in the coming years.
In the area of family support, and in partnership with Cancer Focus, NIPANC is funding 50% of a counsellor post, to support Pancreatic Cancer patients and their families with a commitment to grow this service as necessary, in response to demand. NIPANC is also providing grant aid to affected families as part of its ‘making memories’ initiative as well as funding professional family photographs for affected families.
During the year NIPANC was engaged in the important development of a clinical pathway for Pancreatic Cancer treatments, agreed in late 2023, as a collaborative venture between the Department of Health, NIPANC and Pancreatic Cancer UK. This is to provide a model for similar developments covering other cancers.
Finally, NIPANC would wish to thank the friends, families and work colleagues of those affected by Pancreatic Cancer for their support in fundraising. Whilst NIPANC raises funds directly through its annual Pedal the Periphery event, its Charity Ball and through other smaller initiatives, NIPANC still relies heavily on the external fundraising of those affected by Pancreatic Cancer and the generosity of the wider public. The money raised through everything from coffee mornings, marathon runs, charity auctions and even world records in non-stop drumming is making a real difference.
The income for the period was £377,483 and expenditure was £200,170 . This leaves a surplus of £177,313.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees along with their research panel are continually considering various research projects but no funds have been committed yet hence the considerable funds presently being held by the Charity. It is hoped that a suitable research project will be identified in the near future.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
The trustees' report was approved by the Board of Trustees.
We report to the trustees on our examination of the financial statements of NIPANC (the charity) for the year ended 30 April 2024.
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act;
state whether particular matters have come to our attention.
We have examined your charity accounts as required under Section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
Our role is to state whether any material matters have come to our attention giving me cause to believe:
That accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
That the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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.
That there is further information needed for a proper understanding of the accounts to be reached.
We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
NIPANC is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 384 Belmont Road, Belfast, CO Antrim, BT4 2NF.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Resources expended are included in the Statement of Financial Activities on an accrual basis, exclusive of any VAT which can be recovered.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those coasts of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Gift aid
Interest receivable
Merchandise and clothing
Printing, postage and stationary
Website and IT
PR/Social media
Accountancy and professional fees
Insurance
Event costs
Bank charges
Campaign costs
Training costs
Mileage
Conference costs
Sundry
Accountancy
The average monthly number of employees during the year was:
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.