|||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|falling|due|within|one|year||| |---|---|---|---|---|---|---|---| |||||||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|