Governance review
The Board regularly undertakes a review of its
effectiveness to identify any improvements to its
governance and ways of working, or any training
needs. The Board supports the principles of good
governance set out in the Charity Governance Code
and uses the Code to evaluate its effectiveness.
The performance of individual trustees is assessed
each year. The last formal review of the Board
was undertaken in 2022, with implementation of
the recommendations being monitored by the
Nominations Committee in 2023. The next full
review is scheduled for 2024.
Statement of responsibilities
of the trustees
Macmillan's trustees, who sit on Macmillan's Board
and are also directors of Macmillan Cancer Support
for the purposes of company law, are responsible
for preparing the trustees' 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 accounts for each financial year that give
a true and fair view of the state of affairs of the
Charitable Company and the Group, and of the
incoming resources and application of resources,
including the income and expenditure of the
Charitable Group for that period. In preparing these
financial statements the trustees are required to:
• Select suitable accounting policies and then apply
them consistently.
• Observe the methods and principles in the
Charities Statement of Recommended Practice.
• Make judgements and estimates that are
reasonable and prudent.
• State whether applicable UK Accounting
Standards have been followed, subject to any
material departures being disclosed and explained
in the financial statements.
• Prepare the financial statements on the going
concern basis unless it is inappropriate to presume
the Charitable Company will continue in business.
The trustees are responsible for keeping proper
accounting records that can disclose with
reasonable accuracy the financial position of the
Charitable Company at any time and provide
financial statements which comply with the
Companies Act 2006, Charities and Trustee
Investment (Scotland) Act 2005 and The Charities
Accounts (Scotland) Regulations 2006 (as amended).
They are also responsible for safeguarding the
assets of the Charitable Company and the Group
and taking reasonable steps for the prevention
and detection of fraud and other irregularities. The
trustees have overall responsibility for Macmillan's
internal controls, while the Finance, Audit and Risk
Committee reviews internal risks and monitors how
well the trustees manage these risks.
In so far as the trustees are aware:
• There is no relevant audit information of which the
Charitable Company's auditors are unaware.
• The trustees have taken all the 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.
The trustees are responsible for the maintenance
and integrity of the corporate and financial
information included on the Charitable Company's
website. Legislation in the United Kingdom
governing the preparation and dissemination of
financial statements may differ from legislation in
other jurisdictions.
The trustees confirm that they have complied with
their duty under the Charities Act 2011 to have due
regard to the public benefit guidance published by
the Charity Commission in determining the activities
undertaken by the charity.
Macmillan has its registered office in London, as well
as an additional office in Shipley.
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Environmental, social
and governance review
Financial review
Strategic report
Overview Financial statements Thank you