## ## |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| ## ## ## ## ## ## ## ## ## ##