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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<br>activities|||||||
|Contractual<br>research work||3 (b)|426,631||426,631|432,919|
|Investment<br>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<br>on charitable|activities||||||
|Grants payable||||(15,000)|(15,000)|(45,000)|
|Costs ofactivities - research, publications,|||||||
|information,<br>provision ofseminars|||(552,117)|(7,500)|(559,617)|(500,711)|
|Total expenditure|||(559,529)|(22,500)|(582,029)|(560,820)|
|Net income/<br>(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<br>impairment<br>reversal / (impairment)||12||||(1,106)|
|Net income/<br>(expenditure)|for the year||(87,331)|(15,000)|(102,331)|(74,814)|
|Net movements<br>in funds and|||(87,331)|(15,000)|(102,331)|(74,814)|
|net income/ (expenditure)<br>forthe year|||||||
|Reconciliation<br>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<br>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<br>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<br>activities|||||||
|Net income (expenditure)<br>for the year|||(102,331)|(74,814)|(58,361)|(74,814)|
|Adjustments for:|||||||
|Interest received|||(8,020)|(11,817)|(8,020)|(11,817)|
|Amortisation<br>ofintangible<br>assets||10|11,044||||
|Depreciation<br>oftangible assets||11|9&8|801|988|801|
|Impairment<br>(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<br>in provision for other liabilities||16|5,818|4,095|5,818|4,095|
|(Increase} decrease<br>in debtors||14|12&,562|(124,048)|139,509|(124,048)|
|(Decrease) increase<br>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<br>activities|||||||
|Purchases of intangible<br>assets||10|(34,751)||||
|Purchase offixed asset equipment||11|(845)|(2,119)|(845)|(2,119)|
|Purchase ofsubsidiaries||13|||(62,231)||
|Proceeds from disposa<br>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<br>by investing<br>activities|||40&,379|442,646|380,899|442,646|
|Net (decrease) increase<br>in cash and cash equivalents|||413,448|301,923|401,829|301,923|
|Cash and cash equivalents<br>at the beginning|ofthe|period|1,751,&14|1,449,891|1,751,814|1,449,891|
|Cash and cash equivalents<br>at end ofperiod|||2,165,262|1,751,814|2,153,643|1,751,814|





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## 



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## 

|(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<br>E|projects<br>E|Totalf|2020<br>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<br>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<br>COSTS|||||
|---|---|---|---|---|---|
|||Other|Governance|2021|2020|
|||support<br>f|related<br>f|Total<br>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<br>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<br>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<br>f|2020f|
|This is stated|after charging the following:|||
|Staff costs (see note 8)||324,926|165,616|
|Auditors'<br>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<br>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<br>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<br>during the year|||845|845|
|Cost at31March 2021|||3,247|3,247|
|Accumulated<br>depreciation|at 1April 2020||942|942|
|Charge for the year|||988|988|
|Depreciation<br>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<br>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<br>in|2021|2020|
|||Investments<br>f|subsidiaries<br>f|Total<br>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<br>f|2020f|2021<br>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<br>f|2020<br>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<br>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|



## 



## 

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## 

|Analysis ofGroup fund movements|||||
|---|---|---|---|---|
||Balance|Income/||Balance|
||b/fwd<br>E|(Gains) <br>E|Expenditure<br>E|c/fwdf|
|Unrestricted<br>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<br>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<br>f|funds<br>f|funds<br>f|funds<br>f|
|intangible<br>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<br>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<br>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|