2021-04-05-accounts

Registered charity number 1073581

Manchester Neurological Research Trust Fund

Annual Report and Receipts And Payments Accounts

for the year ended 5 April 2021

Doc ID: d47146dc55d3a512565ffc3cbb681b832d9277a3

Manchester Neurological Research Trust Fund

Report of the Trustees for the year ended 5 April 2021

The Trustees present their annual report and unaudited financial statements for the year ended 5 April 2021.

Reference and Administrative Information

Charity name

Manchester Neurological Research Trust Fund

Charity Registration Number 1073581 Registered Office Cerebral Function Unit Manchester Neuroscience Centre Salford Royal NHS Foundation Trust Salford M6 8HD

Trustees

Dr Anna Richardson Dr Matthew Jones Dr Christopher Kobylecki

Key management personnel

The charity has no employees. Management is provided by the board of trustees

Independent Examiner

Paul Cowham MA FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester M4 1LE

Bankers

Adam & Company 6 Adelaide Street London WC2N 4HZ

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Doc ID: d47146dc55d3a512565ffc3cbb681b832d9277a3

Manchester Neurological Research Trust Fund

Report of the Trustees for the year ended 5 April 2021

Structure, governance and management

Company status

The charity is an unincorporated charity constituted under a trust deed dated 28 December 1953.

Governing document

The charity's governing document is a trust deed dated 28 December 1953.

Recruitment and appointment of Trustees

Appointment of other trustees is at the discretion of the serving trustees. Training would be offered to new trustees by the existing trustees.

All decisions made on behalf of the charity are made by the trustees.

Risk Management

The trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate these risks. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

Objectives and activities

Objects and aims

The objectives and activities of the charity are the research and scientific investigation into the causation, prevention, diagnosis and treatment of illness resulting from disease of the nervous system. The focus of the Trust’s activities is on dementia research. The Charity supports clinically based research as well as collaborative research with basic scientists from national and international academic research centres.

The trustees confirm that they have referred to guidance contained in the Commission's General Guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.

Achievements and performance

The clinical research group has continued to collaborate with basic scientists in the University of Manchester, with a research focus on Alzheimer’s disease and on forms of frontotemporal lobar degeneration and their causation.

A difference has been that we have been unable to recruit new patients into research as a consequence of the restrictions imposed by the Covid-19 pandemic.

The research group’s scientific publications during the financial year have again focused on the commonalities & differences in cognition & behaviour in frontotemporal dementia & amyotrophic lateral sclerosis.

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Doc ID: d47146dc55d3a512565ffc3cbb681b832d9277a3

Manchester Neurological Research Trust Fund

Report of the Trustees for the year ended 5 April 2021

Financial review and reserves policy

During the year the charity received donation income of £3,530, investment income of £23,909. £22,427 was used in furtherance of the charity's objectives.

The charity had cash reserves of £131,081 as at 5 April 2021. The trustees recognise that this is in excess over what it needs and are planning on making a donation of £15,000 for a Research Manager’s post within the department during the next year. This should help bring reserves down to a more realistic level and is in line with the charity’s objects.

Statement of Trustees’ responsibilities

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

• Select suitable accounting policies and then apply them consistently;

• Observe the methods and principles in the Charities SORP;

• Make judgements and estimates that are reasonable and prudent;

• State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements[

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Approved by the Trustees and signed on their behalf by:

…………………………… Dr Anna Richardson

11 May 2022

…………………………… Date

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Independent Examiner’s Report to the Trustees of

Manchester Neurological Research Trust Fund

I report on the accounts of the charity for the year ended 30th September 2020 which are set out on pages 5 to 6.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:

• examine the accounts under section 145 of the 2011 Act;

• to follow the procedure laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and

• to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 130 of the 2011 Act; and

• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Paul Cowham FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester M4 1LE

05 / 16 / 2022

Date ………………………

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Doc ID: d47146dc55d3a512565ffc3cbb681b832d9277a3

Manchester Neurological Research Trust Fund

Year ending 5 April 2021

Receipts and Payments Accounts 2021 Unrestricted funds Receipts £ Bank interest 33 Investment income 23,906 Donations 3,530 Sale of investments - Total receipts Payments Research activities Research assistant support 17,973 Brain tissue and blood processing 4,200 Conference expenses - Carers' Group - Administrative costs Portfolio management fees - Independent examiner's fees - Legal and professional fees - Bank charges 25 Just giving charges 214 Total payments Net of receipts/(payments) Cash funds last year end Cash funds this year end	2020 Unrestricted funds £ 269 30,413 1,332 600 27,469 26,670 9,510 476 34 22,173 600 584 464 57 216 239 22,412 5,057 126,039 131,096
		32,614
		36,690
		1,921 38,611
		(5,997) 132,036
		126,039

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Doc ID: d47146dc55d3a512565ffc3cbb681b832d9277a3

Manchester Neurological Research Trust Fund

Year ending 5 April 2021

Statement of assets and liabilities at the end of the year

Notes Cash funds Bank balances 1 Cash held by investment managers Investment assets Assets retained for the charity's own use Microscopy equipment Liabilities Professional fees 32512.298 M&G Charifund Units, market value at 31 March 2021 £478,714 115423.7 Brown and Shipley Growth 1 Fund Units, market value at 31 March 2021: £239,622 14 Smith and Nephew US$20 shares	2021 Unrestricted funds £ 131,081 15 131,096 Cost 172,909 140,484 13 313,406 Cost 4,000 1,590	2020 Unrestricted funds £ 126,026 13
		126,039
		Cost 172,909 140,484 13
		313,406
		Cost 4,000
		840

Signed on behalf of the trustees:

Dr Anna Richardson Name Signed May 11th 2022

Date

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Doc ID: d47146dc55d3a512565ffc3cbb681b832d9277a3

Audit Trail

Title Manchester Neurological Research Trust Fund File Name M017 accounts draft 2 2021.pdf Document ID d47146dc55d3a512565ffc3cbb681b832d9277a3 Audit Trail Date Format MM / DD / YYYY Status Signed

05 / 12 / 2022 Sent for signature to Dr Anna Richardson 10:38:26 UTC ([e-mail]) and Paul Cowham ([e-mail]) from [e-mail] IP: 92.22.228.81 05 / 13 / 2022 Viewed by Dr Anna Richardson ([e-mail]) 17:34:14 UTC IP: 164.39.215.34 05 / 15 / 2022 Signed by Dr Anna Richardson ([e-mail]) 12:44:04 UTC IP: 164.39.215.34 05 / 16 / 2022 Viewed by Paul Cowham ([e-mail]) 09:53:04 UTC IP: 92.22.228.81 05 / 16 / 2022 Signed by Paul Cowham ([e-mail]) 10:34:10 UTC IP: 92.22.228.81 05 / 16 / 2022 The document has been completed. 10:34:10 UTC