2022-03-31-accounts

							Page
Trustees'	annual report (incorporating			the	director's	report)
Trustees'	responsibilities statement
Independent auditor's		report to	the members				10
Statement	offinancial	activities	(including		income and
expenditure account)
Statement	offinancial	position					16
Statement	ofcash flows						17
Notes to the financial		statements					18

Reference	and administrative	and administrative	and administrative	details
Registered	charity	name		The Social Market	Foundation
Charity registration		number		1000971
Company	registration		number	02537035
Principal office				11Tufton Street
				London
				SW1P 3QB
Registered	office			11Tufton Street
				London
				SW1P 3QB
The trustees
				Baroness Nicola Morgan				(resigned	30 November 2021)
				Baroness Oily Grender		MBE
				Caroline Escott				(appointed	8 March 2022)
				Mary Ann Sieghart				(resigned	30 November 2021)
				Melville Rodrigues
				Professor Tim Bale
				Professor Wendy	Thomson		CBE
				Rt Hon Dame Margaret		Hodge MP
				Rt Hon Sir Robert	Buckland		MP	(appointed	8 February 2022)
				SirTrevor Phillips	OBE
				Tom Ebbutt
Auditor				Burgess Hodgson	LLP
				Chartered accountants		8 statutory		auditor
				Camburgh House
				27 New Dover Road
				Canterbury
				Kent
				CT1 3DN
Bankers				Royal Bank Of Scotland
				28 Cavendish Square
				London
				W1G ODB

					2022		2021
					Unrestricted	Total
					funds	funds	Total funds
				Note
Income and endowments
Donations and legacies				5	65,627	65,627	22,100
Charitable activities				6	791,711	791,711	617,708
Other trading activities				7	267	267	47,457
Other income				8			9,345
Total income					857,605	857,605	696,610
Expenditure
Expenditure on charitable		activities		9,10	822,459	822,459	689,339
Total expenditure					822,459	822,459	689,339
Net income and net movement			in funds		35,146	35,146	7,271
Reconciliation offunds
Total funds brought	forward				250,535	250,535	243,264
Total funds carried	forward				285,681	285,681	250,535

		31 March 202	2
				2022	2021
			Note
Fixed assets
Tangible fixed assets			16	6,137	4,961
Current assets
Debtors			17	164,026	132,562
Cash at bank and	in	hand		351,503	210,205
				515,529	342,767
Creditors: amounts		falling due within one year	18	235,985	97,193
Net current assets				279,544	245,574
Total assets less	current liabilities			285,681	250,535
Net assets				285,681	250,535
Funds ofthe charity
Total charity funds			21	285,681	250,535

		Year en	ded 31 Nlarch 202	2
				2022	2021
					F
Cash flows from operating	activities
Net income				35,146	7,271
Adjustments for:
Depreciation oftangible fixed assets				2,179	1,800
Interest payable and similar	charges			197	209
Accrued (income)/expenses				(40,265)	1,115
Changes in:
Trade and other debtors				19,036	99,741
Trade and other creditors				128,557	(39,246)
Other operating cash flow changes					(?7,446)
Cash generated from operations				144,850	(6,556)
Interest paid				(197)	(209)
Net cash from/(used in) operating		activities		144,653	(6,765)
Cash flows from investing	activities
Purchase oftangible assets				(3,355)
Net cash used in investing activities				(3,355)
Net increase/(decrease) in	cash	and cash	equivalents	141,298	(6,765)
Cash and cash equivalents	at beginning		ofyear	210,205	216,970
Cash and cash equivalents	at end ofyear			351,503	210,205

value over the useful ernnomir.	life.nf that asset a	s fo
Fixtures and fittings	10%straight	line
Computers and equipment	25% straight	line

as may be requir Donations and	ed not exceeding O legacies	ne Pound (f1).
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022f	Funds E	2021
Other donations	and legacies
Donations		65,627	65,627	10,000	10,000
Business forum	membership			12,000	12,000
Other				100	100
		65,627	65,627	22,100	22,100

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022f	Funds F	2021
Conference	and event sponsorship	233,677	233,677	167,950	167,950
Research and project sponsorship		558,034	558,034	449,758	449,758
		791,711	791,711	617,708	617,708

Other trading activities
	Unrestricted	Total	Funds	Unrestricted	Total Funds
	Funds		2022	Funds	2021
				E
Rental				47,055	47,055
Publication	267		267	402	402
	267		267	47,457	47,457

Unrestricted	Total Funds	Unrestricted	Total Funds
Funds	2022	Funds	2021
F		F
		9,345	9,345

Expenditure	on charitable	activities	by fund type
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
			E	E
Fundraising	and publicity		745,190	745,190	578,384	578,384
Support costs			77,269	77,269	110,955	110,955
			822,459	822,459	689,339	689,339
Expenditure	on charitable	activities	by activity type
			Activities
			undertaken	Support	Total funds	Total fund
			directly	costs	2022	2021
			E
Fundraising	and publicity		745,190	72,428	817,618	682,239
Governance	costs			4,841	4,841	7,100
			745,190	77,269	822,459	689,339

			Fundraising
			and publicity	Total 2022	Total 2021
				F	F
Communications		and IT	10,049	10,049	7,790
General office			62,379	62,379	96,065
Governance	costs		4,841	4,841	7,100
			77,269	77,269	110,955

12.	Year ended 31 March 2022 Net income	Year ended 31 March 2022 Net income
	Net income is stated after charging/(crediting):
			2022	2021
			E
	Depreciation oftangible fixed assets		2,179	1,800
	Operating	lease rentals	1,276	1,312
13.	Auditors	remuneration
			2022	2021
			E
	Fees payable for the audit ofthe financial statements		4,000	4,500

Staff costs
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2022	2021
				C'
Wages and salaries			515,871	444,757
Social security costs			50,818	44,201
Employer contributions	to pension	plans	22,834	21,816
			589,523	510,774

offull-tim	e equiv	alent employees during the year is	analysed as follows:
			2022	2021
			No.	No.
Number	ofstaff	—Events	4		4
Number	ofstaff	- Research	7		6
Number	ofstaff	- General	1		1
			12		11

The num	ber	ofemployees whose remuneration	for the year fell within the following b	ands, we	re:
			2022	2021
			No.	No.
260,000 690,000	to to	669,999 f99,999	1 1		1 1
			2		2

16.	Tangible fixed asset	s
			Fixtures
			and
			fittings	Equipment	Total
			F
	Cost
	At 1 April 2021		20,160	94,632	114,792
	Additions			3,355	3,355
	Disposals		(7,856)	(76,124)	(83,980)
	At 31 March 2022		12,304	21,863	34,167
	Depreciation
	At 1 April 2021		20,160	89,671	109,831
	-'Charge for the year			8, i/9	2, i/8
	Disposals		(7,856)	(76,124)	(83,980)
	At 31 March 2022		12,304	15,726	28,030
	Carrying amount
	At 31 March 2022			6,137	6,137
	At 31 March 2021			4,961	4,961
17.	Debtors
				2022	2021
				F	E
	Trade debtors			78,936	103,300
	Prepayments and accrued income			85,090	29,262
				164,026	132,562
18.	Creditors: amounts	falling due within one year
				2022	2021
				E
	Trade creditors			24,555	1,171
	Accruals and deferred	income		141,533	37,965
	Social security and other taxes			69,028	57,779
	Other creditors			869	278
				235,985	97,193

2022	2021
E
105,833	12,500

Unrestri	cted funds
		At 1 April			At 31 March
		2021	Income	Expenditure	2022
					E
General	funds	250,535	857,605	(822,459)	285,681
		At 1 April			At 31 March
		2020	Income	Expenditure	2021
		F			F
General	funds	243,264	696,610	(689,339)	250,535

	General funds 243	General funds 243	General funds 243	,264 696,610	(689,339)	250,535
22. '	Analysis ofnet assets between funds
						Total
					Unrestricted	Funds
					Funds	2022f
	Tangible fixed assets				6,137	6,137
	Current assets				515,529	515,529
	Creditors less than	1	year		(235,985)	(235,985)
	Net assets				285,681	285,681
						Total
					Unrestricted	Funds
					Funds E	2022f
	Tangible fixed assets				4,961	4,961
	Current assets				342,767	342,767
	Creditors less than	1	year		(97,193)	(97,193)
	Net assets				250,535	250,535
23.	Analysis ofchanges		in net debt
				At 1 Apr	Cash	At 31
				2021	flows	Mar 2022
				F		E
	Cash at bank and	in hand		210,205	141,298	351,503

Operating	leas	leas	e commit	ments
The total	future		minimum	lease payments	under non-cancellable	operating	leases are as follows:
							2022	2021
							E	E
Not later than		1	year				17,031	34,601
Later than	1 year and not			later than 5years				123,987
							17,031	158,588