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|Trustees serving during the year|Professor John Petrie|
|---|---|
|and up to date of approval|Dr Gillian Hood|
||DrAvideh Nazeri|
||Professor John Gregory|
||Professor Kamiesh Khunti|
||Professor Dan Cuthbertson|
||Professor Simon Griffin|
||Professor Shareen Forbes|
||MrAlex Todd|
||Professor David Russell-Jones|
|Secretary|Dr Paul Chester|
|Charity number|1056410|
|Principal address|Novo Nordisk UK Research Foundation|
||3 City Place|
||Beehive Ring Road|
||Gatwick|
||West Sussex|
||RH60PA|
|Independent examiner|RSM Tax and Accounting Limited|
||Chartered Accountants|
||34 Floor, Portland|
||25 High Street|
||Crawley, West Sussex|
||RH10 1BG|
|Bankers|Barclays Bank Pic|
||Corporate Banking|
||PO Box 3, 1 North End|
||Croydon, Surrey CR9 1UF|





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||Notes|2021|2020|
|---|---|---|---|
|||£|£|
|INCOME from||||
|Donations|2|255,000|277,733|
|TOTAL INCOME||255,000|277,733|
|EXPENDITURE on||||
|Charitable activities|3|221,987|369,965|
|TOTAL EXPENDITURE||221,987|369,965|
|NET INCOME/(EXPENDITURE) and net movement in funds||33,013|(92,232)|
|Reconciliation of funds||||
|Balance brought forward at 1 January 2021||(9,794)|82,438|
|Balance carried forward at 31 December 2021|8|23,219|(9,794)|





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||||Notes|2021|2020|
|---|---|---|---|---|---|
|||||£|£|
|CURRENTASSETS||||||
|Debtors|||5|12,000|4,059|
|Cash at bank and in hand||||658,684|476,490|
|||||670,684|480,549|
|CREDITORS: Amountsfalling duewithin one year|||6|(319,887)|(233,459)|
|Netcurrentassets||||350,797|247,090|
|CREDITORS: Amountsfalling due after morethan||one year|7|(327,578)|(256,884)|
|TOTAL NET (LIABILITIES)/ASSETS||||23,219|(9,794)|
|UNRESTRICTED FUND|||8|23,219|(9,794)|
|**_l_**|**1,12**|||||
|Approved bythe trustees on<br>lfe||and signed on their behalf||by:||
|Professor John Petrie||||||
|(Chairman)||||||





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|2|DONATIONS|2021|2020|
|---|---|---|---|
|||£|£|
||Corporate donor|255,000|255,000|
||Donated services||22,733|
|||255,000|277,733|
|3|EXPENDITURE ON CHARITABLE ACTIVITIES|2021|2020|
|||£|£|
||**Grants**|||
||Research Fellowships- grants to 1 individual (2020: 1 individuals)|186,335|279,514|
||Grants to Doctors- grants to 2 individuals (2020: 3 individuals)|**15,484**|35,644|
||UK Diabetes Fund- grants to 7 individuals (2020: 1 O individuals)|10,174|22,900|
|||211,993|338,058|





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|3|EXPENDITURE ON CHARITABLE ACTIVITIES (continued)|2021|2020|
|---|---|---|---|
|||£|£|
||**Support costs**|||
||Fund and grantadministration||119|
||Foundation administration|5,734|20,918|
|||5,734|21,037|
||**Governance**|||
||Secretarial administration||6,820|
||Accountancy fees|2,460|2,430|
||Independent Examinersfees|1,800|1,620|
|||4,260|10,870|
||Total expenditure on charitable activities|221,987|369,965|



|DEBTORS:|2021|2020|
|---|---|---|
||£|£|
|Other debtor- Grant to reimbursed|12,000||
|Prepayments||4,059|
||12,000|4,059|





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|6|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|2021|2020|
|---|---|---|---|
|||£|£|
||Grants|315,627|229,319|
||Accruals|4,260|4,140|
|||319,887|233,459|
|7|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN|2021|2020|
||ONE YEAR|£|£|
||Grants|327,578|256,884|
|8|UNRESTRICTED FUND|2021|2020|
|||£|£|
||Balance at 1 January 2021|(9,794)|82,438|
||Net (expenditure)/incomeforthe year|33,013|(92,232)|
||Balance at 31 December 2021|23,219|(9,794)|