2021-03-31-accounts

Trustees/Directors	Trustees/Directors		Prof. K H Nlcolaldes
			Mr Jonathan Hyatt
			Dr. Ran)it S.Akolekar
			Mr. Bruce A. Noble (Resigned			on	25/05/2021)
			Mr. Paul Jacobs
			Dr. Marietta Charaklda		(Appointed		on 24/05/2021)
			Dr. Argyro Syngelakl	(Appointed			on 24/05/2021)
Secretary			Dr. Ran)it S.Akolskar
Company	Number		02922302
Registered	Office		137Harley Street London W1G 6BG
Auditors			AGK Partners
			Chartered Accountants		& Statutory Auditors
			1 Kings Avenue
			London N21 3NA
Accountants			loannou 6 Co.,
			Chartered Accountants
			767-769 High Road
			North Finchley
			London N12 SJY
Registered	Charity	Number	1037116

					Page
Trustees'/Directors' Report					1to 4
Independent	Auditors' Report				Sto8
Statement ofConsolidated		income	and Expenditure	and Retained Earnings
Consolidated	Statement of	Financial Position			10
Company Statement of Financial			Position
Consolidated	Statement of	Cash Flows
Consolidated	Statement of	Financial Activities			13to14
Accounting	Policies				16to 17
Notes to the	Accounts				18to 26

			Notes	2021f	2020f
Income
Income from charitable activities Rental Income				36,067 201,255	1,367,958 233,732
Income from EU Grant Special Services to Hospitals				4,730,135	4,458,082
Net Trading Surplus from Non-Charitable		trading activities
Income f9,457,322 (2020 - Expenses f7,870,904 ( 2020 -	f8,163,921 ) f6,866,102 )		1 &10	1,786,416	1,298,819
Total Income				8,753,876	7,358,591
Administrative expenses				(1,387,318)	(2,434,915)
Grants and Donations				(1,768,142)	(2,910,319)
Operating Surplus				3,608,415	2,013,357
Interest payable and similar charges Interest receivable				2,176	(129) 20,782
Surplus/(Deficit) on Ordinary activities		before taxatlon		3,610,691	2,033,990
Tax on Profit on Ordinary Activities				(198,326)	(227,379)
Surplus/(Deficit) on Ordinary activities		after taxation	23	3,414,265	1,806,611
Total comprehensive income for	the year			3,414,265	1,80B,611
Accumulated surplus B/Forward				10164.569	8,264,958
Accumulated surplus C/Forward				13,476,834	70„004„669
All amounts relate to continuing activities

			Notes	2021	2020
				E	E
Fixed Assets
Intangible assets			9	8,482,299	9,012,443
Tangible assets			8a	3,613,901	3,551,464
				12,096,200	12,563,907
Current Assets
Debtors				3,516,389	2,451,332
Cash at bank and	in hand			6,803,485	4,231,910
				10,319,874	6,683,242
Creditors: Amounts		Falling Due
Within One Year			12	(5,415,441)	(4,779,581)
Net Current Assets				4,904,433	1,903,661
				17,000,633	14,467,568
Creditors: Amounts		Falling Due
After more than	One	Year	13	(3,524,799)	(4,405,999)
Total Assets Less Current Liabilities				13,475,834	1006L569
Capital and Reserves
Unrestricted income fund			15,	13,475,834	10,061,569
Total Funds				13,475,834	10,061,569

					Notes	2021	2020
						6	E
Fixed Assets
Tangible assets					Bb	2,958,781	2,851,031
Investments					10	1,803	1,803
						2,960,584	2,852,834
Current Assets
Debtors						5,467,469	4,058,528
Cash at bank	and	In hand				6,104,259	4,158,907
						11,571,728	8,217,435
Creditors: Amounts			Falling	Due
Within One	Year				12	(1,589,819)	(1,205,878)
Net Current	Assets					9,981,909	7,011,557
						12,942,493	9,864,391
Total Assets	Less Current			Liabilities		12,942,493	9,864,391
Capital and	Reserves
Unrestricted	income fund				15	12,942,493	9,864,391
Total Funds						12,942,493	9,864,391

		Notes	31-Mar-21	31-Mar-20
			8	6
Cash flows from operating activities Profit for the Rnanclal year			3,610,591	2,033,990
Adjustments for: Depreciation oftangible assets Amortlsatlon of goodwill Interest receivable and similar income Interest payable &similar charges Accrued expenses/(income)			509,781 530,144 2,176 261,776	467,104 530,144 20,762 129 (98,891)
Changes in: Trade and other debtors Trade and other creditors			(1,086,057) (693,442)	(310,983) (1,838,814)
Cash generated from operations			3,145,969	803,441
Interest paid Interest received			(2,176)	(129) (20,762)
Net cash from operating activities		16	3143.783	782,560
Cash flows from Investing activities Purchase oftangible assets		Ba	(572,218)	(171,460)
Net cash used in Investing activities			572218	171460
Net Increase/(decrease) in cash and cash Cash and cash equivalents at beginning	equivalents ofyear		2,571,675 4,231,910	611,090 3,620,820
Cash and cash equivalents at end ofyear		18	6,803,4I5	4,231II10

AS AT 31ST MARCH 2021
			Unrestricted	Total	Total
		Notes	Funds	2021	2020
Incoming Resources
Donations and fund raising Rental Income			36,067 201,255	36,067 201,255	143,932 233732
EU Grant Special Services to Hospitals Other income			4,730,135	4,730,135	4,458,082 1,224,026
Interest receivable		2	4,967,457 2,176	4,967,457 2,176	6,059,772 20,782
			4,969,633	4,969,633	6,060,534
Net trading Surplus from trading subsidiaries		10	1 786418	1,786,418	1,298,819
Total Incoming resources			6,756,051	6,756,051	7,379,353
			Unrestricted	Total	Total
			Funds	2021	2020
Resources Expended
Direct Charitable Expenditure
Grants for research Donations Educational activities			1,755,834 2,308 158,322 1,914,464	1,755,834 2,308 156,322 1,914,484	2,909,184 1,135 924,401 3,834,720
Other Expenditure
Depreciation Admln and Costs of Grant Making			401,988 829,030	401,966 829,030	363,248 1,147,268 129
Financial costs
Total Expenditure			3,145,460	3 145,460	6,345,363
Surplus/(deficit) for the year before tax			3,610591	3610591	21133990
Tax on Profit of ordinary	activities		~196,326	~19B326	~227376
Surplus/(deficit) for the year after tax			3,414265	3,414265	1906611

		Unrestricted	Total	Total
	Notes	Funds	2021	2020
Reconciliation of llllovement
ofFunds
Opening funds	15	10,081,569	10,061,569	8,254,958
Surplus of incoming resources for the year	15	3,414,265	3,414,265	1,806,611
Closing funds	15	13,475,834	'l3,4?6,834	10,061,669
Non-controlling interests
		13,476834	'13,475,834	10001,669
Funds balance at 31stMarch 2021
Represented by:-
Intangible fixed assets Tangible fixed assets Debtors less creditors Cash at bank and in hand	9 Ba	8,482,299 3613 901 (5,423,851) 6,803,485	8,482,299 3,613,901 (5,423,851) B,803,485	9,012,443 3,551,464 (6,734,248) 4,231,910
Provision
		13,475,034	13,475,034	10,001,069

During the year the Charity made the following	donations.
		2021f	2020f
Windsor Walk		2,092 216		973 II!2
Other Donations		2 363	1	135

Ba	Tangible Fixed Assets -Group
		Leasehold Props	Plant and Machine	Furniture &Equi	Total
	Cost At 1st April 2020	1,693,398	3,61B,172 509716	2,325,315 62 502	7,634,885 572,218
	Additions At31st March 2021	1,693398	4126888	2387877	8207163
	Depreciation At 1st April 2020 Charge for fhe year At 31st March 2021	103,088 48384 161,472	2,57B,007 309976 2 888,983	1,404,326 151421 1 060 747	4,083,421 509,781 4593,202
	Net Book Value At31st Nlarch 2021	1,641,926	1,239,905	832,070	3,613,901
	Net Book Value At 31st March 2020	1,590,310	1,040,165	920,989	3,551,464

Bb	Tangible Fixed Assets -Company	Leasehold Propert	Plant and Machine	Furniture &Equi	Total
	Cost At 1stApril 2020	1,680,7BO	3,351,008 509716	814,825	6,846,593 509,716
	Additions At31st March 2021	1080,7BD	3,680?24	814825	83003611
	Depreciation At 1st April 2020 Charge for the year At 31st March 2021	94,240 47,120 141 680	2,326,138 306,918 2,633 D54	575,186 47 928 823,114	2,995,562 401966 3397 520
	Net Book Value At 31st Nlarch 2021	1,639,400	1,22?,670	'l91,711	2,968,781
	Net Book Value At 31st March 2020	1,586,620	1,024,072	239,639	2,861,031

Intangible Assets - Group
	0
Cost At 1st April 2020	10,602,875
Additions At31st Nlarch 2021	101102015,
Arnortlsation At 1stApril 2020	1,590,432 500,105
Charge for the year	2 120 0'10
At 31st March 2021
Net Book Value At 31stMarch 2021	8,482,289
Net Book Value At 31st March 2020	9,012,443

11 Debtors	Notes	Group 2021 6	2020 f	Company 2021 f	2020 f
Amounts due from group company Trade Debtors Other Debtors Prepayments and accrued Income		3,258,720 22,391 235,278 3610389	2,217,490 32,525 201 317 2.451332	2,846,806 2,534,639 1,702 84 322 5.0!7 169	2,396,132 1,598,183 1,396 64,817 4058628
12 Creditors: Amounts Falling Due	Within	One Year
	Notes	Group 2021 f	2020 F	Company 2021 f	2020 f
Amounts due to group company Trade credllors Corporation Tax Other taxes and social security Other creditors Accruals and deferred Income	19	1,142,367 196,083 32,225 2,863,415 1 181351 5,415,44'I	714,366 227,379 36,088 2,873,173 929 575 4,779,581	65,563 367,357 32,225 12,817 1 112 057 1 580810	64,681 228,159 35,088 6,053 871,997 1,205 878
13 Creditors: Amounts Falling Due	After	Imore Than One Year
		Group 2021 f	2020 f	Company 2021 2020f
Other Creditors		3524790 3524,799	4405909 4,405,999
		Group		Company
		2021 f	2020 f	2021 f	2020
Repayable between one and Rve years		3,524,799 3524,799	4,405,999 4405099

FOR THE YEAR ENDED 31STMARCH 2021
14 Commitments under Operating Leases At 31st March 2021 the group has annual	commitments under			non-cancellable			operating leases as set out
below.		Group Land and buildings					Company Land and buildings
Operating leases which expire: Within 1 year Within 2 to 5 years After more than 5 years		2021 E 850,405 1,359,887 7,175,953 9 386 245			870,405 1,619,887 7,450,678 2020 8 9940 970		596,655 656,092 3,242,390 2021 E 4495 037	616,655 812,092 3,367,265 2020 6 4,795,912
15 Reconciliation of Funds		Group 2021 6			2020 F.		Company 2021 f	2020
Opening accumulated funds- Unrestricted Surplus for the year Unrestricted Fund		10,061,589 3414,265 13,475,834			8,254,958 1,806611 10,061,569		9,864,391 3078 102 12,942,493	8,510,841 1 353,760 9,864,391
Share Premium
Non-controlling interests Total Funds		13 476,834			10001 560		12,942 493	9,864,391
Closing accumulated funds - Unrestricted Total Funds		13475 834 13,475 834			10,061 569 10081 569		12,942 493 12,942493	9,864391 9884 391
16 Reconciliation ofoperating profit to net cash Inflow			from		operating	activities 2021		2020
Operating profit							3,608,415 509,781	2,013,357 467,104
Depreciation							530,144	530,144
Amortlsatlon (Increase)/Decrease in debtors Increase/(Decrease) In creditors							(1,085,057) (893,442) 251,776	(310,983) (1,838,814) (98,891)
Accrued expenses/(Income) Interest Payable and similar charges							2,176	(129) 20,762
Interest receivable Net cash inflow/(outflow) from operating		activities					3,143793	782550
17 Analysis ofchanges In cash and	cash	equivalents	during the year				2021	2020
							6	8
Balance at 1st April 2020							4,231,910 2 571 575	3,620,820 611 090
Net cash inflow/(outflow) Balance at 31stMarch 2021							0,803 486	4,231010