The Consolidated Statement of Financial Activities shows a deficit of £513,813 for the year compared to a surplus of £1,052,817 in 2003/04. Much of last year’s surplus was generated by one-off events. This put us in a position to fund new developments and plan a deficit budget for this year.

In future these projects financed by restricted funds will become core activities. A key example is the teenage cancer website. Financed initially by ICAP, this project will require core resources to sustain it.

We aim to build sustainable sources of income to maintain our high standards of service and fund future developments.

Where the money came from

How the money was spent

Statement of the trustees

The Statement of Financial Activities and Balance Sheet are a summary of the information that appears in the full accounts, which have been audited. The audit report was unqualified. Copies can be obtained from the registered office: 3 Bath Place, Rivington Street, London EC2A 3JR.

The full accounts were approved by the Board of Trustees on 15th September 2005 and have been submitted to the Charity Commission and Registrar of Companies.

Maurice Slevin, MD FRCP Chairman Signed on behalf of the trustees 15th September 2005