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|---|---|
|Trustees’ annual report (incorporating the director's report)|1|
|Trustees' responsibilities statement|8|
|Independent auditor's report to the members|9|
|Statementoffinancial activities (including income and||
|expenditure account)|13|
|Statementoffinancial position|14|
|Statement ofcash flows|15|
|Notes to the financial statements|16|
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|Registered charity name|The Social Market Foundation||
|---|---|---|
|Charity registration number|1000971||
|Companyregistration number|02537035||
|Principaloffice|3rd Floor||
||5-6 St. Matthew Street||
||London||
||SW1P 2JT||
||England||
|Registered office|3rd Floor||
||5-6 St. Matthew Street||
||London||
||SW1P 2JT||
||England||
|The trustees|BaronessOlly Grender MBE||
||Caroline Escott||
||Melville Rodrigues||
||ProfessorTim Bale||
||ProfessorWendyThomson CBE||
||Rt Hon Dame Margaret Hodge MP||
||Rt Hon Sir Robert Buckland MP|(Resigned 7 September2022)|
||Sir Trevor Phillips OBE||
||Tom Ebbutt||
|Auditor|Burgess Hodgson LLP||
||Chartered accountants & statutory|auditor|
||Camburgh House||
||27 New Dover Road||
||Canterbury||
||Kent||
||CT1 3DN||
|Bankers|Royal Bank OfScotland||
||28 Cavendish Square||
||London||
||W1G 0DB||
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|||2023|2022|
|---|---|---|---|
||Note|£|£|
|Fixed assets||||
|Tangible fixed assets|15|7,611|6,137|
|Current assets||||
|Debtors|16|259,316|164,026|
|Cash at bank andin hand||370,788
|351,503
|
|||630,104
|515,529
|
|Creditors: amountsfalling due within oneyear|17|274,732
|235,985
|
|Net current assets||355,372
|279,544
|
|Total assets less currentliabilities||362,983|285,681
|
|Net assets||362,983
|285,681
|
|Funds ofthe charity||||
|Unrestricted funds||362,983|285,681
|
|Total charity funds|20|362,983
|285,681
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|||2023|2023|2022|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|Total funds|Total funds|
||Note|£|£|£|
|Income and endowments|||||
|Donations and legacies|5|120,326|120,326|65,627|
|Charitable activities|6|934,215|934,215|791,711|
|Othertrading activities|7|320|320|267|
|Total income||1,054,861|1,054,861|857,605
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|Expenditure|||||
|Expenditure on charitable activities|8,9|977,559|977,559||
|Total expenditure||977,559|977,559|
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|Net income and net movementin funds||77,302|77,302||
|Reconciliation offunds|||||
|Total funds brought forward||285,681|285,681|250,535
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|Total funds carried forward||362,983|362,983|285,681
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||2023|2022|
|---|---|---|
||£|£|
|Cashflows from operating activities|||
|Net income|77,302|35,146|
|Adjustments for:|||
|Depreciation oftangible fixed assets|2,982|2,179|
|Interest payable and similar charges|190|197|
|Accrued expenses/(income)|59,585|(40,265)|
|Changesin:|||
|Trade and other debtors|(99,165)|19,036|
|Trade and other creditors|(16,963)|
128,557|
|Cash generated from operations|23,931|
144,850|
|Interest paid|(190)|
(197)|
|Net cash from operating activities|23,741|
144,653|
|Cashflowsfrom investing activities|||
|Purchase oftangible assets|(4,456)|
(3,355)|
|Net cash usedin investing activities|(4,456)|
(3,355)|
|Net increase in cash and cash equivalents|19,285|141,298|
|Cash and cash equivalents at beginning ofyear|
351,503|
210,205|
|Cash and cash equivalents atend ofyear|
370,788
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351,503
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|Fixtures andfittings|~|10% straightline|
|---|---|---|
|Computers and equipment|-|25% straightline|
|Impairmentof fixed assets|||
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||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|2023|Funds|2022|
||g|£|£|£|
|Other donations and legacies|||||
|Donations|120,326
|120,326
|65,627|65,627|
|Charitable activities|||||
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2023|Funds|2022|
||£|£|£|£|
|Conference and event sponsorship|172,700|172,700|233,677|233,677|
|Research and project sponsorship|761,515
|761,515
|558,034|558,034|
||
934,215
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934,215
|791,711
|791,711
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|Othertrading activities|||||
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2023|Funds|2022|
||£|£|£|£|
|Publication|320|320|267|267|
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||2023|2022|
|---|---|---|
||£|£|
|Wages and salaries|593,763|515,871|
|Social security costs|60,898|50,818|
|Employer contributions to pension plans|31,943|22,834
|
||686,604
|589,523
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|||Fixtures and|||
|---|---|---|---|---|
|||fittings|Equipment|Total|
|||£|£||
||Cost||||
||At 1 April 2022|12,304|21,863|34,167|
||Additions|2,508|1,948|4,456|
||At 31 March 2023|14,812||38,623|
||Depreciation||||
||At 1 April 2022|12,304||28,030|
||Chargeforthe year|70||2,982|
||At 31 March 2023|12,374||31,012|
||Carrying amount||||
||At 31 March 2023|2,438||7,611|
||At 31 March 2022|I,||6,13
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|16.|Debtors||||
|||||2022|
||Trade debtors|||78,936|
||Prepayments and accrued income|||85,090
|
|||||164,026
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|17.|Creditors: amountsfalling due within one year||||
||||2023|2022|
||Trade creditors||5,643|24,555|
||Accruals and deferred income||167,154|141,533|
||Social security and othertaxes||100,103|69,028|
||Othercreditors||1,832||
||||274,732
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235,985
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|18.|Deferred income||||
||||2023|2022|
||Amount deferred in year||75,744|105,833
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||Unrestricted funds||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||At|
||||At|||||31 March|
|||1|April 2022|Income||Expenditure||2023|
||||£||£|£||£|
||Generalfunds||
285,681|
1,054,861||
(977,559)||
362,983|
|||||||||At|
||||At|||||31 March|
|||1|April 2021|Income||Expenditure||2022|
||||£||£|£||£|
||General funds||
250,535|
857,605||
(822,459)||
285,681|
|21.|Analysis of net assets between funds||||||||
||||||Unrestricted||Total Funds||
|||||||Funds||2023|
|||||||£||£|
||Tangible fixed assets|||||7,611||7,611|
||Current assets|||||630,104||630,104|
||Creditors less than 1 year|||||
(274,732)||
(274,732)|
||Net assets|||||
362,983||
362,983|
||||||Unrestricted||Total Funds||
|||||||Funds||2022|
|||||||£||£|
||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|
|22.|Analysis ofchanges in netdebt||||||||
|||||||||At|
||||At 1 Apr 2022|||Cash flows|31|Mar 2023|
|||||£||£||£|
||Cash at bank and in hand|||351,503
||19,285||370,788
|
|23.|Operating lease commitments||||||||
||Thetotal future minimum lease payments|under non-cancellable|||operating leases||are|as follows:|
|||||||2023||2022|
|||||||£||£|
||Not laterthan 1 year|||||50,600||17,031|
||Later than 1 year and notlater than 5 years|||||25,300|||
|||||||75,900||17,031|