Opinion
In our opinion, Macmillan Cancer Support's group financial
statements and parent charitable company financial statements
(the "financial statements"):
• give a true and fair view of the state of the group's and of the
parent charitable company's affairs as at 31 December 2023
and of the group's incoming resources and application of
resources, including its income and expenditure, and of the
group's cash flows, for the year then ended;
• have been properly prepared in accordance with United
Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards, comprising FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic
of Ireland", and applicable law); and
• have been prepared in accordance with the requirements of
the Companies Act 2006, the Charities and Trustee Investment
(Scotland) Act 2005 and regulations 6 and 8 of The Charities
Accounts (Scotland) Regulations 2006 (as amended).
We have audited the financial statements, included within
the Annual Report and Accounts (the "Annual Report"), which
comprise: the group and parent charitable company balance
sheets as at 31 December 2023; the consolidated statement
of financial activities (including an income and expenditure
account) and the consolidated cash flow statement for the year
then ended; and the notes to the financial statements, which
include a description of the significant accounting policies.
Basis for opinion
We conducted our audit in accordance with International
Standards on Auditing (UK) ("ISAs (UK)") and applicable law.
Our responsibilities under ISAs (UK) are further described in the
Auditors' responsibilities for the audit of the financial statements
section of our report. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for
our opinion.
Independence
We remained independent of the group and parent charitable
company in accordance with the ethical requirements that
are relevant to our audit of the financial statements in the UK,
which includes the FRC's Ethical Standard and we have fulfilled
our other ethical responsibilities in accordance with these
requirements.
Conclusions relating to going concern
Based on the work we have performed, we have not identified
any material uncertainties relating to events or conditions that,
individually or collectively, may cast significant doubt on the
group's and parent charitable company's ability to continue as
a going concern for a period of at least twelve months from the
date on which the financial statements are authorised for issue.
In auditing the financial statements, we have concluded that the
trustees' use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
However, because not all future events or conditions can be
predicted, this conclusion is not a guarantee as to the group's
and parent charitable company's ability to continue as a
going concern.
Our responsibilities and the responsibilities of the trustees with
respect to going concern are described in the relevant sections
of this report.
Reporting on other information
The other information comprises all of the information in the
Annual Report other than the financial statements and our
auditors' report thereon. The trustees are responsible for the
other information. Our opinion on the financial statements does
not cover the other information and, accordingly, we do not
express an audit opinion or, except to the extent otherwise
explicitly stated in this report, any form of assurance thereon.
In connection with our audit of the financial statements, our
responsibility is to read the other information and, in doing
so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge
obtained in the audit, or otherwise appears to be materially
misstated. If we identify an apparent material inconsistency or
material misstatement, we are required to perform procedures
to conclude whether there is a material misstatement of the
financial statements or a material misstatement of the other
information. If, based on the work we have performed, we
conclude that there is a material misstatement of this other
information, we are required to report that fact. We have
nothing to report based on these responsibilities.
With respect to the Strategic Report and Trustees' Annual
Report, we also considered whether the disclosures required by
the UK Companies Act 2006 have been included.
Based on our work undertaken in the course of the audit, the
Companies Act 2006 and The Charities Accounts (Scotland)
Regulations 2006 (as amended) require us also to report certain
opinions and matters as described below.
Strategic Report and Trustees' Annual Report
In our opinion, based on the work undertaken in the course
of the audit the information given in the Trustees' Annual
Report, including the Strategic Report, for the financial year
for which the financial statements are prepared is consistent
with the financial statements; and the Strategic Report and the
Trustees' Annual Report have been prepared in accordance with
applicable legal requirements.
In addition, in light of the knowledge and understanding of
the group and parent charitable company and its environment
obtained in the course of the audit, we are required to report if
we have identified any material misstatements in the Strategic
Report and the Trustees' Annual Report. We have nothing to
report in this respect.
Responsibilities for the financial statements
and the audit
Responsibilities of the trustees for the financial statements
As explained more fully in the Statement of responsibilities of
the trustees, the trustees are responsible for the preparation
of the financial statements in accordance with the applicable
framework and for being satisfied that they give a true and fair
view. The trustees are also responsible for such internal control
as they determine is necessary to enable the preparation of
financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the trustees are
responsible for assessing the group's and parent charitable
company's ability to continue as a going concern, disclosing
as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either
intend to liquidate the group and parent charitable company or
to cease operations, or have no realistic alternative but to do so.
Independent auditors' report to the members and trustees of Macmillan Cancer Support
Report on the audit of the financial statements
92
Environmental, social
and governance review
Financial review
Strategic report
Overview
Financial statements
Thank you