2022-03-31-accounts - The Brain Trust Limited

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		Pages
Trustees' Annual Report		2to 3
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Statement of Cash flows		13
Notes to the Accounts		7to12
Detailed Statement of Financial Activities		14

Statement of Financial Activit for the year ended 31March	ies 2022
		Unrestricted
		funds	Total funds	Total funds
		2022	2022	2021
	Notes	f	f	E
Income and endowments
from:
Donations and legacies		86,081	86,081	35,554
Other		60	60
Total		86,141	86,141	35,554
Expenditure on:
Charitable activities		73,370	73,370	65,499
Other		7,169	7,169	7,628
Total		80,539	80,539	73,127
Net gains on investments
Net income/(expenditure)		5,602	5,602	(37,573)
Transfers between funds
Net income/(expenditure) before other gains/(losses)		5,602	5,602	(37,573)
Other gains and losses
Net movement in funds		5,602	5,602	(37,573)
Reconciliation offunds:
Total funds brought forward		1,896	1,896	39,469
Total funds carried forward		7,498	7,498	1,896

The Brain Trust Limited Balance Sheet at 31March 2022	The Brain Trust Limited Balance Sheet at 31March 2022	The Brain Trust Limited Balance Sheet at 31March 2022
Charity No. 1001012				2022	2021
				f	f
Current assets
Cash at bank and		in hand		56,698	49,896
				56,698	49,896
Creditors: Amount	falling due within one year		11	(4,200)	(3,000)
Net current assets				52,498	46,896
Total assets less current liabilities				52,498	46,896
Creditors: Amounts		falling due after more than one year	12	(45,000)	(45,000)
Net assets excluding		pension asset or liability		7,498	1,896
Total net assets				7,498	1,896
The funds ofthe charity
Restricted funds			13
Unrestricted funds			13
General funds				7,498	1,896
				7,498	1,896
Reserves			13
Total funds				7,498	1,896

Change in	basis of	accounting orto previous accounts
There has	been no	change to the accounting policies (valuation rules and method ofaccounting)						since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds		These are available for use at the discretion of the trustees				in furtherance		of	the
		general objects ofthe charity.
Designated	funds	These are unrestricted funds earmarked by the trustees		for particular			purposes.
Revaluation	funds	These are unrestricted funds which include a revaluation			reserve representing					the
		restatement ofinvestment assets at their market values.
Restricted	funds	These are available for use subject to restrictions imposed				by the donor or		through
		terms of an appeal.
Income
Recognition of		Income is included in the Statement of Financial Activities				(SoFA) when	the	charity
income		becomes entitled to, and virtually certain to receive, the		income and the amount of
		the income can be measured with sufficient reliability.
Income with related		Where income has related expenditure the income and	related expenditure						is
expenditure		reported gross in the SoFA.
Donations	and	Voluntary income received by way of grants, donations	and gifts is included					in		the
legacies		the SoFA when receivable and only when the Charity has			unconditional
		entitlement to the income.
Tax reclaims on		Income from tax reclaims is included in the SoFA at the	same time as the
donations	and gifts	gift/donation to which it relates.
Donated services		These are only included in income (with an equivalent amount in expenditure)
and facilities		where the benefit to the Charity is reasonably quantifiable,				measurable	and
		material.
Volunteer	help	The value of any volunteer help received is not included		in		the accounts.
Investment	income	This is included in the accounts when receivable.
Gains/(losses) on		This includes any gain or loss resulting from revaluing investments to market							value
revaluation	offixed	at the end of the year.
assets
Gains/(losses) on		This includes any gain or loss on the sale ofinvestments.
investment	assets

s to the Acc	s to the Acc	ounts
Expenditure
Recognition		of	Expenditure is recognised on an accruals basis. Expenditure includes		any VAT
expenditure			which cannot be fully recovered, and	is reported as part ofthe expenditure to
			which it relates.
Expenditure		on	These comprise the costs associated	with attracting voluntary income, fundraising
raising funds			trading costs and investment management costs.
Expenditure		on	These comprise the costs incurred by	the Charity in the delivery of its	activities and
charitable	activities		services in the furtherance of its objects, including the making ofgrants and
			governance costs.
Grants payable			All grant expenditure is accounted for on an actual paid basis plus an		accrual for
			grants that have been approved by the trustees at the end ofthe year but not yet
			paid.
Governance		costs	These include those costs associated	with meeting the constitutional	and statutory
			requirements ofthe Charity, including	any audit/independent examination fees,
			costs linked to the strategic management ofthe Charity, together with a share of
			other administration costs.
Other expenditure			These are support costs not allocated	to a particular activity.

2	Statemen	t of	F	inancial	Activities - prior year
							Unrestricted
							funds	Total funds
							2021	2021
Income and endowments					from:
	Donations	and		legacies			35,554	35,554
Total							35,554	35,554
Expenditure		on:
	Charitable	activities					65,499	65,499
	Other						7,628	7,628
Total							73,127	73,127
Net	income						(37,573)	(37,573)
Net	income before			other gains/(losses)			(37,573)	(37,573)
Other gains and losses:
Net	movement in funds						(37,573)	(37,573)
Reconciliation		of	funds:
Total funds brought				forward			39,469	39,469
Total funds carried				forward			1,896	1,896
3	Income from		donations		and legacies
						Unrestricted	Total	Total
							2022	2021
	Donations					86,081	86,081	35,554
						86,081	86,081	35,554
4	Other income
						Unrestricted	Total	Total
							2022	2021
	Other sundry		income			60	60
						60	60

						Unrestricted	Total	Total
							2022	2021
	Expenditure		on charitable		activities
	Charitable		donations			73,370	73,370	65,499
						73,370	73,370	65,499
6	Analysis	ofgrants
						Grants to
	Activity	or	programme			Institutions	Total	Total
							2022	2021
	World Memory Championships					64,670	64,670	57,434
	Outside	in	Pathways	Ltd		8,700	8,700
						73,370	73,370	57,434
7	Other expenditure
						Unrestricted	Total	Total
							2022	2021
	General	administrative		costs		5,969	5,969	6,428
	Legal and professional			costs		1,200	1,200	1,200
						7,169	7,169	7,628

amounts
	2022	2021
	E	f
Accruals	4,200	3,000
	4,200	3,000

	amounts	falling due after more	falling due after more	than one year
						2022		2021
						f		f
	Bank loans		and overdrafts			45,000		45,000
						45,000		45,000
13	Movement		in funds
						Incoming
						resources		At 31
							Resources
					At 1 April	(including other	expended	March 2022
					2021	gains/losses)
						f
	Restricted funds:
	Unrestricted		funds:
	General funds				1,896	86,141	(80,539)	7,498
	Total funds				1,896	86,141	(80,539)	7,498
14	Analysis	of	net assets between	funds
							Unrestricted
								Total
							funds
							f	f
	Net current		assets				52,498	52,498
	Creditors provisions	due in more than one		year and			(45,000)	(45,000)
							7,498	7,498
15	Reconciliation ofnet debt
								At 31
						At 1April		March
						2021	Cash flows	2022
						f	f	f
	Cash and	cash equivalents				49,896	6,802	56,698
						49,896	6,802	56,698
	Bank loans					(45,000)		(45,000)
						(45,000)		(45,000)
	Net debt					4,896	6,802	11,698

			2022	2021
			f	f
Cash flows from operating	activities
Net income/(expenditure)	per Statement	of Financial Activities	5,602	(37,573)
Adjustments for:
Dividends, interest and	rents from investments		(60)
Increase in trade and other payables			1,200
Net cash provided by/(used	in) operating	activities	6,742	(37,573)
Cash flows from investing	activities
Dividends, interest and	rents from investments		60
Net cash from investing activities			60
Net cash from financing activities				45,000
Net increase in cash and cash equivalents			6,802	7,427
Cash and cash equivalents	at the beginning	ofthe year	49,896	42,469
Cash and cash equivalents	at the end ofthe year		56,698	49,896
Components ofcash and cash equivalents
Cash and bank balances			56,698	49,896
			56,698	49,896

for the year ended	31		Mar	ch 2022
					Unrestricted
					funds	Total funds	Total funds
					2022	2022	2021
					E	E	E
Income and endowments				from:
Donations and legacies
Donations received					86,081	86,081	35,554
					86,081	86,081	35,554
Other
					60	60
					60	60
Total income and endowments					86,141	86,141	35,554
Expenditure on:
Charitable activities
Charitable Donations					73,370	73,370	65,499
					73,370	73,370	65,499
Total ofexpenditure activities	on		charitable		73,370	73,370	65,499
Bank charges					508	508	653
Software, ITsupport		costs			1,922	1,922	1,211
Office expenses					3,539	3,539	4,564
					5,969	5,969	6,428
Legal and professional			costs
Audit/Independent fees		examination			1,200	1,200	1,200
					1,200	1,200	1,200
Total ofexpenditure	of		other costs		7,169	7,169	7,628
Total expenditure					80,539	80,539	73,127
Net gains on investments
Net income/(expenditure)					5,602	5,602	(37,573)
Net income/(expenditure) other gains/(losses)				before	5,602	5,602	(37,573)
Other Gains
Net movement in funds					5,602	5,602	(37,573)
Reconciliation offunds:
Total funds brought	forward				1,896	1,896	39,469
Total funds carried forward					7,498	7,498	1,896