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||||||||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|
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|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||||||
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||||||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|
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|||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|
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|||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|
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|
value
over the useful ernnomir.|
life.nf that asset a|s fo|
|---|---|---|
|Fixtures and fittings|10%straight|line|
|Computers
and equipment|25% straight|line|
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|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|
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|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|
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||||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|
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|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|
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|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|
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|2022|2021|
|---|---|
|E||
|105,833|12,500|
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|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|
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|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|