Annual Report and Accounts 2010/11 - Cancer Research UK

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Balance Sheets as at 31 March 2011 Registered company number 4325234 Fixed assets Group Group Charity Charity 2011 2010 2011 2010 Note £000 £000 £000 £000 Negative goodwill 18 (4,794) (5,572) – – Tangible fixed assets 12 102,070 96,544 86,907 85,346 Investments 13 68,527 70,622 62,130 61,902 Programme-related investments 14 24,300 24,428 29,289 24,428 Share of joint venture gross assets 15 – 7,805 – – Share of joint venture gross liabilities 15 – (7,804) – – Investment in joint venture 15 – 1 – – Programme-related investment in associates 16 4,605 317 – – Investments in subsidiaries 17 – – 200 200 Current assets Stock Debtors Cash and short-term deposits 19 31b 194,708 186,340 178,526 171,876 1,701 118,363 142,642 1,417 140,381 153,961 369 115,232 132,522 314 136,106 144,723 262,706 295,759 248,123 281,143 Creditors: amounts falling due within one year 20a (191,128) (202,794) (194,942) (209,574) Net current assets 71,578 92,965 53,181 71,569 Total assets less current liabilities 266,286 279,305 231,707 243,445 Creditors: amounts falling due after more than one year Provisions for liabilities and charges Net assets (excluding pension scheme liability) Provision for pension liability 22 20b 21 (58,895) (5,937) 201,454 (15,523) (52,470) (8,553) 218,282 (36,480) (58,350) (5,684) 167,673 (15,523) (52,070) (8,250) 183,125 (36,480) Net assets (including pension scheme liability) 28 185,931 181,802 152,150 146,645 Funds Restricted and endowment funds Restricted funds 26 14,236 16,297 (213) 4,806 Permanent endowment funds 26 5,569 5,617 1,812 1,621 Unrestricted funds 19,805 21,914 1,599 6,427 General funds (including revaluation reserve) 27 181,649 196,368 166,074 176,698 Pension deficit 27 (15,523) (36,480) (15,523) (36,480) 166,126 159,888 150,551 140,218 Total funds 28 185,931 181,802 152,150 146,645 The financial statements were approved by theTrustees on 27 June 2011 and signed on their behalf by Michael Pragnell, Chairman Dr Keith F Palmer, Treasurer 26 / Annual Report and Accounts / Balance Sheets
Consolidated Cash Flow Statement for the year ended 31 March 2011 Net (outgoing)/incoming resources Adjustments to exclude investment income and non-cash items Note 31a 2011 £000 (10,278) 1,277 2010 £000 47,978 (23,568) Net cash (outflow)/inflow from operating activities (9,001) 24,410 Investment income 2c 3,797 5,538 Capital expenditure and financial investments Purchase of tangible fixed assets Receipts from sale of tangible fixed assets Purchase of fixed asset investments Proceeds from sale of fixed asset investments Increase in programme-related investment 12 13 13 (24,101) 19,300 (31,514) 34,627 (4,861) (18,543) 700 (54,703) 134,359 (3,825) Net cash (outflow)/inflow from investing activities (6,549) 57,988 Management of liquid resources Decrease in cash and short-term deposits (investment assets) Decrease/(increase) in short-term deposits (current assets) 13 31b 434 97,000 2,926 (82,000) Net cash inflow/(outflow) from liquid resources 97,434 (79,074) Increase in cash 31b 85,681 8,862 Annual Report and Accounts / Consolidated Cash Flow Statement / 27
Page 1 and 2: Annual Report and Accounts 2010/11
Page 3 and 4: About us How we’re beating cancer
Page 5 and 6: Chief Executive’s statement Our S
Page 7 and 8: Our life-saving research Progress a
Page 9 and 10: Our life-saving research (continued
Page 11 and 12: Influencing public policy and campa
Page 13 and 14: 11 Some 48% of our research is carr
Page 15 and 16: As shown below, we met our reserves
Page 17 and 18: onCore UK was an associate of Cance
Page 19 and 20: We ensure that every person is trea
Page 21 and 22: During the year, they recommended t
Page 23 and 24: Professor Jonathan K.C. Knowles Pro
Page 25 and 26: Trustees’ responsibilities in res
Page 27: Consolidated Statement of Financial
Page 31 and 32: Incoming resources (continued) Acti
Page 33 and 34: Investment properties Properties wh
Page 35 and 36: 3. Incoming resources from charitab
Page 37 and 38: 7. Governance costs Strategy, Counc
Page 39 and 40: ) Trustees No Trustee has received
Page 41 and 42: 13. Investments Group Group Charity
Page 43 and 44: Share of net result 2011 2010 The G
Page 45 and 46: 17. Investments in subsidiaries Cha
Page 47 and 48: c) Charitable subsidiaries Incoming
Page 49 and 50: 20b) Creditors: amounts falling due
Page 51 and 52: 26. Restricted and endowment funds
Page 53 and 54: 27. Unrestricted funds a) Group Fun
Page 55 and 56: 29. Funding committee members recei
Page 57 and 58: Principal actuarial assumptions Val
Page 59 and 60: Five-year history of experience adj
Page 61 and 62: 32. Related party transactions The
Page 63 and 64: Find out more and get involved Canc

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