2021-03-31-accounts - Eiris Foundation

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			Unrestricted	Restricted	2021	2020
		Notes	f	E	f	E
Income
Donations		3(a)	26,822	7,500	34,322	35,763
Income from charitable activities
Contractual research work		3 (b)	426,631		426,631	432,919
Investment income
Bank and building society	interest receivable		8,020		8,020	11,817
Other income
Total income			461,473	7,500	468,973,480,499
Expenditure
Costs ofraising funds
Costs of raising donations	and grants		(7,412)		(7,412)	(15,109)
Expenditure on charitable	activities
Grants payable				(15,000)	(15,000)	(45,000)
Costs ofactivities - research, publications,
information, provision ofseminars			(552,117)	(7,500)	(559,617)	(500,711)
Total expenditure			(559,529)	(22,500)	(582,029)	(560,820)
Net income/ (expenditure)	before gains and losses
on investments			(98,056)	(15,000)	(113,056)	(80,321)
Net gains/ (losses) on investments
Gain on sale ofinvestments		12	10,725		10,725	6,613
Investment impairment reversal / (impairment)		12				(1,106)
Net income/ (expenditure)	for the year		(87,331)	(15,000)	(102,331)	(74,814)
Net movements in funds and			(87,331)	(15,000)	(102,331)	(74,814)
net income/ (expenditure) forthe year
Reconciliation ofFunds
Total funds brought forward		18	2,169,571	15,000	2,184,571	2,259,385
Total funds carried forward		18	2,082,240		2,082,240	2,184,571

			Group	Group	Charity	Charity
			2021	2020	2021	2020
		Notes	f		E
Fixed assets
Intangible assets		10	23,707
Tangible assets		11	1.317	1,460	1,317	1,460
Investments		12		425,230	62,231	425,230
Total fixed assets			25,024	426,690	63p548	426,690
Current assets
Debtors		14	39,763	168,325	28,816	168,325
Cash at bank and in	hand		2,165,262	1,751,814	2,153,643	1,751,814
Total current assets			2,205,025	1,920,139	2,182,459	1,920,139
Liabilities
Creditors: Amounts	falling due
within one year		15	(137,896)	(158,163)	(109,884)	(158,163)
Net current assets (liabilities)			2,067,129	1,761,976	2,072,575	1,761,976
Total assets less current liabilities			2,092,153	2,188,666	2,136,123	2,188,666
Provision for other	liabilities		(9,913)	(4,095)	(9,913)	(4,095)
Net assets			2,082,240	2,184,571	2,126,210	2,184,571
The funds ofthe charity
Restricted income funds		18		15,000		15,000
Unrestricted income funds		18	2,082,240	2,169,571	2,126,210	2,169,571
Total charity funds			2,082,240	2,184,571	2,126,210	2,184,571

		Notes	Group	Group	Charity	Charity
			2021	2020	2021	2020
			E	E	E
Cash flows from operating activities
Net income (expenditure) for the year			(102,331)	(74,814)	(58,361)	(74,814)
Adjustments for:
Interest received			(8,020)	(11,817)	(8,020)	(11,817)
Amortisation ofintangible assets		10	11,044
Depreciation oftangible assets		11	9&8	801	988	801
Impairment (reversal of)offixed asset investment		12		1,106		1,106
Profit on disposal offixed asset investments		12	(10,725)	(6,613)	(10,725)	(6,613)
Increase in provision for other liabilities		16	5,818	4,095	5,818	4,095
(Increase} decrease in debtors		14	12&,562	(124,048)	139,509	(124,048)
(Decrease) increase in creditors		15	(20,267)	70,567	(48,279)	70,567
Net cash (outflow) inflow from operating	activities		5,069	(140,723)	20,930	(140,723)
Cash flow from investing activities
Purchases of intangible assets		10	(34,751)
Purchase offixed asset equipment		11	(845)	(2,119)	(845)	(2,119)
Purchase ofsubsidiaries		13			(62,231)
Proceeds from disposa I offixed asset investment		12	435,955	432,948	435,955	432,948
Interest received			8,020	11,817	8,020	11,817
Net cash provided by investing activities			40&,379	442,646	380,899	442,646
Net (decrease) increase in cash and cash equivalents			413,448	301,923	401,829	301,923
Cash and cash equivalents at the beginning	ofthe	period	1,751,&14	1,449,891	1,751,814	1,449,891
Cash and cash equivalents at end ofperiod			2,165,262	1,751,814	2,153,643	1,751,814

(a) INCOME	FROM DONATIONS
		2021	2020
		E	E
Sponsorship	ofPooled Fund Report	7,500
Donated services		26,822	35,763
Total		34,322	35,763

		2021	2020
		E	E
Costs of raising grants and donations
Shared staff	costs (see note 8)	3,775	2,366
Governance	costs (see note 6)	311	1,258
Support costs (see note 6)		3,326	11,485
Total		7,412	15,109

XPENDITURE ON CHARITABLE ACTIVITIES
	Grants	Research
	payable E	projects E	Totalf	2020 E
Grants (see note below)	15,000		15,000	45,000
Projects and seminars		151,817	151,&17	260,842
Staff costs (see note 8)		199,875	199,875	82,108
Shared staff costs (see note 8)		53,020	53,020	29,677
Meeting room and office rent				1,149
Website and ITcosts		3,631	3,631	3,335
Travelling				8,456
Governance costs (see note 6)		32,568	32,568	23,909
Support costs (see note 6)		118,706	118,706	91,235
Total	15,000	559,617	574,617	545,711

NALYSIS OF	SUPPORT AND GOVERNANCE COSTS
		Other	Governance	2021	2020
		support f	related f	Total f	Totalf
Staff costs (see note 8)		59,383	8,873	68,256	51,465
Legal and professional		22,245	13,843	36,088	37,971
Audit fees			5,000	5,000	3,000
Committee travel expenses					148
Meeting room and office rent		13,548	2,024	15,572	21,043
Website and	ITcosts	2,282	341	2,623	4,223
Insurance		5,156	193	5,349	3,577
Bank charges		431	30	461	511
Memberships		6,383	112	6,495	1,408
Training and	other staff expenses	520	78	598	2,750
Sundry expenses		2,358	79	2,437	990
Amortisation	ofgoodwill	8,866	2,178	11,044
Depreciation		860	128	988	801
Total		122,032	32,879	154,911	127,887

NET INCOME	(EXPENDITURE)
		2021 f	2020f
This is stated	after charging the following:
Staff costs (see note 8)		324,926	165,616
Auditors' remuneration
Audit fees		4,000	3,000
Accountancy	and general advice	3,100	2,000
Tax advisory services		300	600
Depreciation		988	801
DIRECTORS AND EMPLOYEES
		2021 f	2020f
Salaries and wages		264,909	140,696
Socia I security	costs	35,395	11,555
Pension costs		24,622	13,365
		324,926	165,616

				2021	2020
				f
Costs ofraising funds (note 4)
Shared staff	costs			3,775	2,366
Other staff costs (note 6)				&,758	5,236
Governance	(note 6)			115	232
Expenditure	on charitable	activities	(note 5)
Staff costs				199,875	82,108
Other support costs (note		6)		51,425	41,597
Shared staff costs				53,020	29,677
Governance	(note 6)			7,958	4,400
				324,926	165,616
The average	number ofemployees		during the year was:	No.	No.
Administration
Research

The group
			Goodwill	Total
			E
Cost at 1April	2020
Additions during the year			34,751	34,751
Cost at31March 2021			34,751	34,751
Accumulated	amortisation	at 1April 2020
Amortisation	for the year		11,044	11,044
Amortisation	at31March	2021	11,044	11,044
Net book amount at 31March 2021			23,707	23,707
Net book value at31March		2020

The Group and Charitable	Company
			Office
		~eui	ment	Total
				E
Cost at April 2020			2,402	2,402
Additions during the year			845	845
Cost at31March 2021			3,247	3,247
Accumulated depreciation	at 1April 2020		942	942
Charge for the year			988	988
Depreciation at 31March	2021		1,930	1,930
Net book amount at 31March 2021			1,317	1,317
Net book value at31March 2020			1,460	1,460

The Group
		Other	2021	2020
		Investmentsf	Total f	Totalf
At cost at 1April		425,230	425,230	852,671
Disposals		(425,230)	(425,230)	(426,335)
Impairment	reversal / (loss)			(1,106)
Additions
Cost at 31March				425,230

The Charity
		Other	Investment in	2021	2020
		Investments f	subsidiaries f	Total f	Totalf
At cost at 1April		425,230		425,230	S52,671
Disposals		(425,230)		(425,230)	(426,335)
Impairment	reversal / (loss)				(1,106)
Additions			62,231	62,231
Cost at 31March			62,231	62,231	425,230

DEBTORS
			Group	Group	Charity	Charity
			2021 f	2020f	2021 f	2020f
Trade debtors			16,476	21,830	6,830	21,830
Other debtors			3,352	468	2,051	468
Prepayments	and accrued income		19,935	146,027	19,935	146,027
			39,763	168,325	28,816	168,325
CREDITORS:	Amounts	falling due
within one year
			Group	Group	Charity	Charity
			2021 f	2020 f	2021	2020f
Trade creditors			80,512	3,558	80,152	3,558
Taxation and	social security costs		1,044	6,498		6,498
Other creditors			637	4,308	637	4,308
Accruals and	deferred	income	55,703	143,799	29,095	143,799
			137,896	158,163	109,8&4	158,163

The Gro	up	and Charitable Company
			Leave pay
			provision
			f
Provision		at 1April 2020	4,095
Additions			9,913
Utilised	in	the year	4,095
Provision		at 31March 2021	9,913

Analysis ofGroup fund movements
	Balance	Income/		Balance
	b/fwd E	(Gains) E	Expenditure E	c/fwdf
Unrestricted funds
General income fund	2,169,571	472,198	(559,529)	2,082,240
Restricted funds
CHRB project —Aviva	15,000		(15,000)
Pooled Funds Report —CCLA		7,500	(7,500)
	15,000	7,500	(22,500)
Total funds	2,184,571	479,698	(582,029)	2,082,240
Analysis ofCharity fund movements
	Balance	Income/		Balance
	b/fwd	(Gains)	Expenditure	c/fwd
	E	E	E	E
Unrestricted funds
General income fund	2,169,571	397,934	(441,295)	2,126,210
Restricted funds
CHRB project —Aviva	15,000		(15,000)
Pooled Funds Report —CCLA		7,500	(7,500)
	15,000	7,500	(22,500)
Total funds	2,184,571	405,434	(463,795)	2,126,210

ANALYSIS OF NET ASSETS BETWE	EN FUNDS
	Group	Group	Total	Charity	Charity	Total
	General	Restricted	Group	General	Restricted	Charity
	fundsf	fundsf	funds f	funds f	funds f	funds f
intangible assets	23,707		23,707
Fixed assets	1,317		1,317	1 317		1,460
Fixed asset investments				62,231		62,231
Cash at bank and in hand	2,165,262		2,165,262	2,153,643		2,153,643
Other current assets	39,763		39,763	28,816		28,816
Creditors ofless than one year	(137,896)		(137,896)	(109,884)		(109,884)
Provisions for liabilities	(9,913)		(9,913)	(9,913)		(9,913)
Total	2,082,240		2,082,240	2,126,210		2,126,210

DETAILS OF CONS	OLIDATED SUBSIDIARIES
		Country of	Details of
Name ofcorn an		~incor oration	investment:	held
Ethical Investment	Research Services
(EIRIS) USA		USA	Membership	100%
EIRISConflict Risk	Network	USA	Membership	100%

		Ethical Investment	Research	EIRISConflict Risk	EIRISConflict Risk
		Services	(EIRIS) USA	Network	(CRN)
			f
Intangible assets	—goodwill				34,751
Trade debtors					53,829
Other receivables			461
Cash and cash equivalents			6,645		(1,044)
Other payables			273
Deferred income			(7,997)		(24,687)
Totalidentifiable	net assets		(618)		62,849