Reg15tored Charlty Nvmber 1075453 Fischer Famity Foundation Report and A<xounts For The Year Ended 31 December 2021
FI$¢r F#mlty Foundailon Roport and •¢counts Cont•nt• Twstees. Rewt Charfty Inlcffiiation Statemenl crfTrustees' reSplti11eg Indopendent Authtixs. rewt Statement gf Financ4al Adi Balanc8 she81 Cash flow slatarrnnt 10 Notes to tho accounts 11 Deta4ed Statement of FinarKid Adv41e¥ 16
Fl8chor Fnlly Foundatlon Th• rèport ofthe trwt••• lor th• y•ar •nd•d 31 D•¢•mb•r 2021 Introductlon Th& trustO9$ k¥osent annual report aTrJ a¢¢wnts yaar end&J 31st Dwit¢r 2021. The board of trustees are sats"sfiJ Wh ts performance ol the tharity 1rj ts year and Ihe POS. on 3181 Decernter 2021 and consvjer that Ihe charity 15 in a Str posAM)n kneoniinue its acbMbe5 dumg th• year. and that the eharitV$ 0s¥els are adequ to fulfd its JaIlon¥. Namo. rn918twed offlce and eonstttutlon ofthtr ¢h•rlty Th& Prinupal oific• Is 5-7 West Central. 127 (Jymrk Aven. Milkjn Path. OX14 4SA Charity RegistrAlion Numbèr 1075453 During th? year the Trust changed its name from Fi8dw Famity Trust to Fisthr Fan¥ly Ftyjndation. Throughout tNs report it is referred to as Ihè Trust. Obl•ellvo3 •nd Aciivltle• of the Charfty Oty•ctlv•s •nda¢UVltI forthepublle b•n•fft The objectives of Ihe Trust affj thancement of ethxabon. historKal aThJ me¢thcal rearth. The aim5 frjr the year ar• to continu to suFyort prqects in fvsa arè8$ frtyn derived in the yèar alorg ith exi5tirrtJ fijnds. Th• trustèas confim Ihey have referred to ble gupJan¢e in the Chwity Ccrntssh?n gentral gildart on pubkben•frtvthon viewng The Trust's aims atij ctyebves WKI in plaN¥ThJ IJ 5otkrs gtrna forthe yew. The Trust carries out th8S• L• ty. In education Trus18ins io unprove the educatw)no1 avalth to 81 by S[W¥¥j prciecls that C4Jncnlrale on early yèars l•arnin9 and analyThJ 8c"1)n•1 daia. On medical Tesewth the Tr1 ¥im¥ to Siwort (•wrdig ts aF•"cknn of kcthoh)gkn to wnprove health care dIn0St. On hi8toitd research fftol wms to siyw1 prq.eds IhBtwnwm rslj of Nal An •xplan•tlon ofth• eharfty$ maln obJ•ctlv•s forthgywor. DvriNJ Iha yaarthe Twst sUppts medtsl pr(1 at Systsms LorJbyy UKCIC and Queen Mary Universty London 88 well as ethJcab"on and ottr $rnJr proJe(ts Achlev•m•nts and Porform•nc• olth• Charlty A r•vlow of¢h#rl¢ablo actlvfths und•rt•lren byth• charlty DuriTrJ the year Iho Trust suppJrted m&Juf prq"s¢is •1 Syslems Loratryy UK CIC. Oonalions tr these projecls totalled £826,996. Tr Trust also SLWtrted wciecls at Que Mary Urrfversty Loth totsl dCationS foi thi$ piqect t01ald t14.817. Educational researth Bt FFT Education Lbj was soN-fin)r¥J in the y•ar Trust dhl tTr)t ng&J tr) 5UPWt it finarrially. Inst•ad. the Trust helpeil finance the core of th• Success forAI p¥ogramme in the UKal¢)ng ¥th Iho Apèx wojxt and the bjta dcnalor ltythese Prcpcts was £273.807. Vatious other small aallOr£ m•Jg to lThJOfftI aTrJ iThjTrdal thribes in the fiohls yrd by th8 Trust. Structurn. Govorn•nce •nd Mnag0mt N•tur• ofthe Gov•rnlng Do¢um•nt •ndeonsUhrfon olth•eha The Tr1 wa$ &stst4rnhed uThY•r lh• t•rms ol a trust d8ed ded 8 1998 a sUppTrntsry deed dabj 21 April 1999. Themethods •dopt•dfortherKrullm•nt andpppolntm•nt of newlw8t••s Twste•s are pOints by themaioiity ofU existry trusts•s. Th• organl$atlon•l stwctur• olth• ¢h•rttyandhow d•elslons orema The Trust 1$ m8nag¢d ty the board oltntees wilh certafft day to day frJnc*orn to t0 trustees.
Fch•r Farnlty FOd¥ll0n R•laiion$hlp$ b•tw••n Ih•eharltyandr•l•t•dp•rtl•$. Includlnglts subsldl•rf•s Thè Trusl providès grants to a vanaty of chanbas arwj not f(v profit organisakn %thich Incjules Systems Biokoy L8boratory UK CIG. M D Fisthèr and K W Broeks are dire¢tr¥ of this trgarwsthn. Dètsilad inlomotth on relat8<1 party trwwclions is siven in note 14 to Th•maJorrlsks to whlch th• eh•rltyls •xpos•dandr•vl•ws aftdsyst•ms to mldgat• rlsk$ Th• tr1865 hovg a duty to thntify thè iisk$ 10 thè chty is &XFos•J to gnsurg akwropriat¢ ¢ontrds or• in act to pmwd¥ r•a50rtdè assurancé againsifraud •Thor. Thè trLtst8•s ha considèr•d tht trusvs exposure and have established systems invofviry regular miews to rTuts9ate r Flnancl•l Revl Polkles on resefv The Tru¥tsa$ look to m8intsin a r8seThe 8qual to at kast th(e8 months. worth ol luTrjij for or¥Jc¥r¥J pri¥ts It h85 agreed lo suppJrL Prlnelyl fvndlnq sourc•s andhow •xp•ndlture In th•yearunderrevlew h•8 supported the k•y obJe¢tfve$ of th• charlly. Pfflcipal funds in year h3bp corre frryn bK4unly from M D la Tr%18•). The income spent th? kèy c"ècthvs oftr chty, Ihis y a nwnt•r of m8thcal aThJ education relatsd prr4e gr1$ aw v•th other $malbor wanty. Th•ln¥•stm•ntpollcy and obJ•ctlv•s. Includlng th• •xten¢ (If any) ts whlch soclal. envlronm•ntal or •thleal consld•rntlons are tak•n Into accounL The Irusleès hav• tha poww to w)vest in sh assets as they see fft. Note 11 to thg accoLW)ts ral•rs to th• investment made in weyious years to System5 Bic4oyy Laboralory UK CIC ha$ b¢on written down to a non¥nal value. Th¢ Trusf 8 rèserves on 1 January 2021 stood at £238.010 whth were ullised in p¥rt along with other donations anil incomè rècèivèd in the year of £5.013.445 to lund the various rnedical. hislori¢al and educational proj¢¢l$ $upport¢d by th& Trust. Thèra w•fè gift aid receipts of £1.000.000 in thg ygar12020'. £476,OCIJ}. Av&llablllty and adequacy ofassets of of the funds The boaid of trustees is saknsfied Ihat the assets in ea¢h fund are avaaabl& and adéquate to fulfil its obligations in respecl of each fund. Transaetlons andFln•nclal posltlon The finanrial statèments arè set out on pages 6 to 15. The fnancial statements have been prèparèd in accordance wlh th$ Fin•n¢aal RèportirKJ Standard FRS 102. As stated in the introthjciion lo this report. the tru3tee$ ¢ond¢rtho financial wrf0Mian ty the tharity dwirvj the year to have been Batisfact¢)ry. The Statement of Finantyal Activitiès show rt irornirj resources lor the year of a revenue nature of £3,740,229 {prioryear net outgrAn9 £98,357) and nel realis8d incLNning r)Ur¢8$ of a capital nature of £nil. {priof year £1.174}. m8n9 nel overall rnised #Kom#wJ resources of £1740.229 IOr yew rnt 0grn9'. £99.5311. The Ica reserves at lh8 yW-NJ std at £3.978.239 Iwic yew £238.010). Plans for Futur• P•rtod• The trustees intend to mainti•n for tht proie¢ts thi¢h are ¢wrfy boing funded and in gen8ral arèas covered by the Twsfs objectives. The TrLtst Ccrt.r to cg)rwtra¢e lo ld reseth at Systems Bic4c¥Jy LatMxat¢xy UK CIG
Fl$¢hor Farnlly Founditlon Th• mgmbgrn ofth• Board of Tru•t••• ofthe Ch•rlty durlng th• y••r •nd•d 31 D•cembor 2021 w•r•:. MD Fisther KW 8rooks Memillan JL1 Th• m•mb•rs of th• Board olTru•l? ofth• Ch¥lty at th• d•¢0 th• r•port•nd •c¢ounts t•r• pprov•d w•r•.'. MD Fischer KW Brooks GJ Memillan JL West B•nk•rn Bardays Bank Pt Oxford Corpor8t8 B8tthg 11 Westway Oxford OX20XP Audlto Hiller Nc).n$ LLP Chartered Accwn&Mts Radlus House 51 Clarènth)n Road Watford Herts IN0171HP
Fl•eh•r Flmlly Foundatlon ststwngnt of Tmsto8' RpolIbl1I•• The Charib'es Acts r¢q[l the Bo•rd ofTru$tg0s to prepa financaol slat&ngnts ts 9h nCIal year which gNO 0 true anc¢ fair view ofthe stste of affw'rs of the thority 85 at ofthe fin•wl yw and oftho or¢J¢fidt of the charity. In prepamg ihoso financial slatwngnts ts Board rffjuired to... .Sglect suitAt48 xc4uthJ polK?8s aThJ Ihen awy them - Make1geMen1s and estynate5 that are reasonable Jld wjdent. - prfpartr tha finanoa slat8m8nts th8 g¢ing concem ba&"s U•$$ li is inapwpnate to presumg that thè ehanty eonb"nL in busin&ss. -state whether applicAe aOUnn9 slandard5 and stattn of r•eommèrbJ8d have be follow. SL4ecl to any m•bri4 dwrturss dixbsed and in thg finan(i4 8tstwnonts. The Trustee5 are atso fiyfflaintawyTrJ •Jpwate 8¢ctyJntty re¢or¥Js ww ¢Ji$¢S$ wlh rea$atIo aCwracy8tY lim¥ th¢ ffnaryial olthe Laibty andththich are sulfKient lo shwand exF48in Ih8thariV$ tranSadi0 and enat4e them to ensur¢ that thè finan¢?al 51al8mants comply wih rogLrfations made under tho Charliè$ Act They are also respde for safeguar(ng the assets of th8 tharity •bJ tsking itsasonatle stsp¥ for Ihe prpv¥ntK)n arvj detecknn ol fraud and olher i1regdares. The Truste0$ 80 also for ts ¢ontsnts of thg Intstses. report and the responssblty ol the auditor latyon lo the trustees. raport is limrted to examinir4J the re[rt and wtsurirvJ thaL on the face ofthe report ther8 8r& no incolSten¢e$ the fvJures ¢J>Yc6trJ in Il* fin8nti81 $tl$Thts. Th16 report wa• approved by the board ol Iru¥tg•8 on 28 Jun• 2022. Ken Brooks KW Brook• Dlr•ctor and Tnwte•
Ind•p•nd•nt Audllorn R•port to th• trust•M ofFb¢h•r F•mlty Foundatlon We have alited the financrdl statanents ol Fisther Farnty Trust Ilhe'Laityl for Iho yr 31 t)8C8mb•r 2021 which comprfs8 the Statement ol finanual acb"wti•s, thg Balart8 s( ts Statem8nt of cash •TrJ the lated notès, indudnvJ a wmmary 01 sKJnificant a¢¢ountity polirye5. The finarKl reports.ro framèwowk Ih81 has teen aWd in trir w•par¥tion 15 applicat48 faw and United lfjTrJdryn AcCjunting Stsndards, HU[n9 Fin¢10 Reportfftg standa 102 Thtr FInclaI ReportirvJ Standard appli¢able in the UK and R8wJlic of Ireland (Urmled lfjTh>Jom Generaly Accew AcrJ)wwng Pr&ibxl. Th8 finartual $13tement5 ha been prepgred In a¢¢tyd8rK AcCotffVd aTrJ Repth1yThJ by Charrbes preparing their gecounts in accordance wilh lh• Financial Rèporting Standards awuble in the UK and Republic of Ireland IFRS 1021 in prof¢rsrte to the Accounting arm1 R•porthig by Charitss.. Statemontof Prare on 1 2CQ5 is referd to in th• extant regulabons but has been Mtmrawn. This has be8n donè In order for a¢cxxJnts to provid8 a tru• and in accordance wlth th9 A¢coed Accwnvng Pro¢ti¢& ¢lfective fcrf reportirvJ Felic$ Wwini)9 on or after 1 JaThJary 2015. In our cyinion the finanaal stat8m8nts". give a tru& aThJ 18ir ofthts $18ie ofthe tharitys affws 88 at 31 DKernber 21r21 ar ofits ar¢Tring rewurces aThJ a0icab.on ol resources for th8 year then erKled", hovg been prcperty wepared n a(an¢t Unit•l Kwlknm Am)t8d Ar£ountirvJ ptice." an have been pr8pared kn oe¢tydgrth with ofthe Chaitses Act 2011. lor oplnlon ¢ILted ow audit in aC0)rdan ilh IntsmalionJ stsnd8 on Authb" IUKI (1s {UKII aThJ aFvlic law. Ow sponsibiliti?s und8r th05• stsndards are ftjrther d6scn"b•d wi the ALKlitofs respm"tS for th& #utht of the finanGKal statements section ofour rert. are I8Thent ofth& eharty in rdance wlh tl l¢al rnqurwnents that ar• r818vant lo our 9Yl ol the financial stotements in the United KiNJ¢j, inchKliThJ the Financ4al Rep(xt"ng Cwncil's Eihical S12ndard, wo have fijlfilled our olher ethical responsti"lits"6s in aceofdance ¥th these reqUIrnts. bdieve that the ajrt ¢vthn¢e have obtained is suffiewi and appropriats to provhJo a basB lor our w"nkin. on¢lu•lon relln9 to golng eone•rn In auditing th• finart¢ial 3tstements, we ha ([jed thatts TrLLses' w 011 9¢4ng concem bas of actlIng in the arti ol the finanaal statements 1$ apwcwe. Based on ihe WO we hav8 F4rtom)ed, have not thnlified any uncertaints relating lo events or CA)nditK)ns th•( indivKlvalty or eolltctivdy. may cast &grIfnt doubl on the tharitys a"IrtY to cvnlinue a5 a goir4J concm for 8 period ol at least months from when the finanual ststwnents we aUthOred br . Our r•spwwbililies and the responwbiliw ofthe TnJ5tees rwcsto kwJiTrJ concem arn d8¥ul)ed in the relevant S8etions ofthi% report. Other Ib)forniall The other inlormal'on cc4nprises tha Inlym•tioD induded in th• An[ W otsr fThnu#l 8tateThnts and ourAuditorfs r•port thefeon. Tho Tru$te¥s arg responsib lor thè otrw infornation contained wihin Annual rewl. Our cpinicn on the financial sfatements do08 not cover the other inlomiats"w and. excopt to gXt•nt otherwse expl1t $ted in our report, do nol oxwess any form of assurance condu5iw thgreon. Our r8spon&bility is to read the olher 1nforrnalk and, in doing so, eon$iderwhether the other information 1$ materially in01lStent wth the fincial statemènts or our kne Obtain urse ol tha audit. or othemkn 8prEars lo be matsrialty rni$5tsted. Ifwe Jenb"fy suth rnaterial IrOnSi8tes or apparent materkql mtsstaitrments. we are r9quir¢d to detamiinè whether this gsves ri8e to o rnat•rial misStalent in financial ststemenls tMl. If. based on Ihg worf( w• have rtOMid, wo k¥je that tha ts a matsrial misstatem)t ofthis other infornat•)n. are required to report that tsct have nothirrfj to rewt li llis regard. Matt•rn on whkh w• ar• rnqulrnd tg report by •x¢•ptlon ha n¢JthirrfJ to in r¢¥Fect of Ihe lolkY•"ng matsts whore the Chits IAo)wnts aThJ Repw)rts) Regul8tion5 2C¥)8 r8qukos us to raport to you if. in our Onb)n'. A bJrtherdesW"on ofour rBwn3bilrf*s lor th• ¥wlit ofthe finanoal $tsltynonts is kXa on the R8FQrting
Councls the Infomiati s4NEn in ts T1t¢&$' is lloy111 Mi any matèrial r•spt wth th8 financial st8ternents." or suffiu•nt accounting r8co(ds have not been kert or Ihe ffinaal slatemenis are not in wJrewnent with ts accoimtriy and rebjnw: or hava not rgc4sd al th8 infomiation eWanat#)ns wa roquire tr txy alIL Rg¥pon•lblllll•8 of tru•t• AS oxpln8d mofg fulty in tha Trusts8s' resportstlib86 StatwnonL ¥re KKepsration ol tha finandol ststements whth give a true and lair vièw, And fN intemal Contr os the Tnjstees deteryninelg necessary to enatAe the pfeparabon ol fiTrarKial statwnenls that are frEe frryn mrial mi5Statgmèn( thelh&rtkn to fraud or emr. In prap3riThJ the finanaa statements, ts Trusle8s are respsibl for 0$sing Iha chartys atimy to continu8 as a golro cc4)com, thxlowno, as apFlieablè, mattèrs ralatsd to gow ¢(Mm aThJ wirrtJ the gr¥r9 c¥)rKem bags of arxoun#ng unl8s8 the TAte8 eitsr IteThJ lo14uidats the chwity or ¢Fraborts. or hav• no r•alISt aM8malive but to do so. Audltorfs ro$Ponslbllltl for th• audll of tho flnanclal •taloments havo be8n appointed as authtor under secDon 144 of Ihe Charits 2011 and r•port in accordanc8 With th8 Act and reb•vant regulatiMs made or hawng effect thereunder. Our objectives are to cJt&n feasonable assurarc atxJt wlptrlor finaThSal stateMts as a ttobe ara frao Ircn materlal m15ststertt whth•r to fraud or error, and to issue an At05 rerA)rt thal indude5 wr ¢pinkon. R8asonablè assuraneè hoh K•vel ol assurarhce. but is not a gU8rantè& that an auth"t condLthd in acc(darKe wilh ISAS IUKI 4way6 detect a material misstatamantwhen it exists. Misstaternents can anse frryn fraijd or èrrot aThJ arè co&r material il, IndiMthJalty or in the aggregaltt. thgy ¢ouk1 fgasonaw bo expected io fluenCe th& eo)nrynKdoC¥5iw6 ol Use lakgn on thg gfthèsg finanaal statements. 1rn8gularitss. induding fr?J. a instan¢o$ 01 rtty)-¢tyyw¥ 7Mlh rewlaliiffis. tksJn prcKedure3 in lirn wrth wr rosponsibdities, ouuined above, lo dcl matgwl mi55tatemènts in respeci of ityegularili•s. inclthJirvJ IrTA. The exteni to which our procedures c41ae ol detects"rrfJ Ifregularitss. indudir4J fraud is detalga bebw.. the natufe ofthe industry and $8¢tor. C01 and trAAiness rfO{Mar incIsIng lh8 rernunerath)n rnte
nd prnssures ofkoy managemont
thg primary r•sponsibilty lor Ihe wevenlti)n and de¢lIon of fraa rests th bjlh I)50 eharg8d Y+ith g0voma9 ol the entity and managem( We con¥bJoriho re5 of wr ofmanaJ¢ 8m8nt about 11 own idontifieation aTrJ assessment ol the rtsks of IrwulaiitS'. any matt8r5 wo id8ntifi8d hawng obtained and r•vww•d tho Ctynpary'$ dtr2wnentaIk of Ihebr pc4i(x85 and proedur•s relatin9 to.. iden.'Trg. evaluatyng and ttmplyirvJ laws aThJ QalS ttsth8r th8y were aworg ofany instarK•5 olnon4ffjianc8." detecb'n9 and respryKlir9 to thè risks tsf fr¥ud and haw ol any aclu¥. su8pe¢ted or 811gged fraw1,' th¢ inlom81 ostallEs to mibgats risks of fraud or r•)n-CCffjF4anco laws aTr regulali¢M.' the matter¥ di¥wssgd arrthg Ihè art 8J9M8nI to&m gdira and Wre fra4kl might oc£ur n tho Sna181 stal8m8nts and any potenb'al dicat0 of fraud As a result o1th8 procedurns, considwed ts OF¢ycthibe9 aTrJ tnrnbves that may •xistv+tth6n th8 organts8Oon for fravd and Identifi the gfgotsst potènth.al for fra¥J. In CmOn audrts under ISAS IUKI. abg rgqured tg p8rform spgQ procedure5 to r•sptsnd ta Ihè risk of management o¥errid&. Iluding tesbr¥J jwmals aj evaluating whether re was of tias by the direclors that reprg¥gnied a r of m3tsnd rrisstst8mont t1uo to Ir•A. We also obt4ned an u[51kn9 ofthe 1gg Wory framewoths that lh• Company 0rat0$ in. foCung on proMwOr of those laws and fegul8b.ons that had 8 dirg¢t èffect ¢)n ts dalemiinab.on ol matori4 amounts aThJ disdosures in the ffnafia Ststgmènts. We focused on laws and wulatior thal CO ris• to a material mtsslatn8nt tii tho financAal statements, indudiry, but not Iimitad to, the C¢JnparMes Act 20[ releyant tsx *ilatio Because gf the inhérènt linitatsons of an ajrt ther8 is a risk Ihat we Will dgtort •1 irrogularitio$. iThS(drvJ those laathNJ lo material M518mènt in thè finawal stst•ments or non-cph.an with regulation. Thi% rBk ir¢reases the mor• that comp"ants w¢h a law or regulation is rgmo¥ed from Ihè •v•nt$ aThl transactsons reflectsd in the fina1& statements. as wll bo likely to bÈcom• awgre ol Instan of nonwph.8n. Tr ri3k is 50 greater rpgardirwJ irregulort"è$ otturriro due to traud father than error, as fraud mvdv9$ inlents.onal ec¥xaakMn( forgory. cdluw orniswon or rniS¥epresentats.
A fwth8r d8sution ofour resty)nSi)rties the 8udrt oftho fm•wl ststwnents is kxabj on th• FinKial Rewtirvj Co¢Jncsl's websltg at.. www.frc.Or9.uklajitor$respCs1lths. Thi% dript knns part of oJr Au(httsts U$ of our rgport This report is made sobly to the r8rrVs trustees, as a bty, in Part 4 of the chanb.ès IAe¢otmts •nd Reports} Regulatr'ons 28. Our audrt worfl has underten so that we mh1 stat• to tharity5 trvste8s ihose mattèrs are reqvired lo state to tham in on Auditorfs report and foi no othef purpose. To tt extent pennrtted by law. do not xcepi or aBsum responsibilty to 8nvon8 olherthan the thaiitv and its trustee5. as a b. forLwf 8Jrt wtsrk. fr)r report, for thè opinions we have I0e. Hillier Hopkins LLP Chartgred Accountants Stattrtory Au(knr 249 Silbury 8oukvard mIn Keyn¥s Bu¢k$ MK9 1NA Dat: 7 July 2022 Hllller Hopkln$ LLP •r ellglble to act as *udltorn of •8n 1212 of th• Comp•nl•4 Act 20
Fh¢hor Famity Fothdawon stst•m•nt ol Hnanclal A¢tMlle• lor the y•ar •nd•d 31 Dee8rnbor 2021 To¢al Fund• 2021 Last Year Tot•1 Fund¥ 2020 Fund8 20 Fund8 2021 Ineomlnq Mourc In¢omlng r•#ourc•8 from g•n•rat•d ldI Volwrtary Incc Inv8Stment Incom• s.c).( 13.445 5.Cm,IX 13,445 2.475.587 16.057 Totsl Inromlng m¢xirr•• 6,013845 0.013N45 2.491.644 Costs of eharltabl• aetlvltl• Govtrnaneè eots 1.267A16 SAOO 1.28718 2.683.447 6.554 Totsl 188ourl •xp•nded 1.273.216 1.273,216 2,690.001 IN•t outgothg rn•oureuVn•tln¢omlttg r•8ourus fore transfern b•tween fund8 3.740229 3.740,229 198,3571 N•t outgolng re¥ourYl Incomln9 mixir¢ for• Oth•r recognl6ed galn• •nd lo•• 3.740.229 3.740.229 198.3671 N•t rnov•m•nt In fund• 3.740,229 3.740,229 198.3671 R•con¢lllatk+n of fund• Tot41 fund¥ brought forMrd 238.010 238,010 336.367 Total Funds caM•d forward 3,978.239 3.978.239 238.010 Th¢ n$1 mov8m6nl in funds referred to above is the net IrInn0 rtrsour¢e$ a$ dned In the statement of Recornmended Practice fcrf OUntry and Reporling i55L1 by the Chan"ty Commiss)n for England & Wales and is recondled to the total fund5 as shtrwn in the Sheet on 9 a$ rnqthred by the sald sLement. All acUvltl•8 dertve Irom ¢ontinylng op•rnllo Tho not•8 on pa9 11 to 17 form an Integral part ol th•se accounts.
Fl$¢h•r Famlly Foundatlon 8alan¢¢ Sh•ot g• at 31 O•¢•mb•r 2021 The •s¥•tsand Ilabllld•s olth• ¢h•rfty.' Flx*d a•wl• Tangible assets Inv8$1m8nls Totsl flx•d asg•ts Curront aM•ts Debtors Cash al bank and hand Totsl current assets Crgdltor¥:. amwnt8 duewthin one year 10 587 589 882 12 1,230 4 015 175 4.015.176 253,429 13 137,526 116,301) N•t¢urrent 0•8•ts 3.977.650 237.128 Total •suts l•s• eurr•nt Cr¢dltorn'.. amounts due more than crn Provlslon8 fi)r llwbll1u and chary•s 3.978.239 238.010 N•1 ass•ts In¢ludlng plon a88•llllablllty 3.978.239 238.010 Th• funds olth• ¢h•rtty.' Unr•¥trl¢ied Income fvnd8 Unrestricied revanu8 a¢oJrnulatgd luThfjs D¢$r9nated revenue fvnds 3.978.239 238.010 Unmtrf¢t•d eawtsl lund¥ D¢sTr3n8ted flxed assetfw Total unr•8twl¢t•d fvnd• 3.978239 238,010 Re•trlctsd Ineom• fund• R•strlct•d eaplt•l fvndl To¢•1 mtrlct•d fund8 Tot•J ¢harfty fund• 3,978.239 238.010 25). Ken Brooks KW Brooks Approved by th•trustw 28 Jun• 2022 Tho nots• on pagw 11 to 17 lomi an Intsgral PArt 01th9 accoun
Flch•r F•mlly Foundatlon Ch Fl(vw s¢at•m•nt for th• yr •ndgd 310ge•mr 2021 2020 C4$h y•n•rat•d from op•ratlon• Oporating Ilossvwofit Reconoliation to cash g¥n•r8i•d trcTh operation$'. Depreciation Decreasel increasel in debtors Increasell ecreasel in creditors 3.726,784 {114,4141 293 1.229 21.225 22.747 136,077 Cash Irom oth•¢ •oure Interest receNed 16.057 16.057 13.44S Appllcatlon of ¢h Purch890 of tangible ffix 8$sols 1,174 N•t Incr•as? In Cash at bank and in hand less erdraft$ at 1 Jonwy C49h at bank and In hand l••s o¥•rdrnfts at 31 O•combo1 3,762,976 41,635 4,015,175 252.199 Conslstlng of: Cash at bank and in hand Ov•rdrafts 4.015,17S 252.199 4.015.175 252.199 R•¢onclllatlon of N•t Mov•ment In Fund• to Op•rnllng Prom 20 2020 Nel Movernent in FurKl$ per SOFA Les8: 3.740.229 (9B,357) 113.445) 3.T26.784 {16,0571 1114,4141 OperabThJ ProfiV(L058} per Cash 1hyw stNw 10
Fl8ch•r Famlly Found¥tlon Notes to th• AccouTht• for tho yo•r •ndgd 31 D•e•mb•r 2021 AeeountTrn9 pollc Basts ofpr•r•rfR of th••ee¢wnts The accovnts lflnan¢i Slatementsl have be•n kytyared in a(xordance FRS 102 as it applies lo the financAal sl•iernents for the year ended 31 December 2021. The Th) matla1 dèpartuffjs frcrfn this slaThJard. The partiC141ar accounling Oioes adopted are out bekx. Accoundng eonv•ntlon The financial stalements are Plr0d on a gory concern bas. under the h11¢01 ¢o¥t ¢onverrth)n wilh th• ex¢eptn of investments which ar• Indud#d at market vatu•. Incomlng R•$our Inming resources arè rewnised in full in the statement of Fwiancia Aclvbt69s in the yearin tAthich they a receivable. Inv•stm•nt Incom• Intèr¢st received is wude on an •Lrrua15 basis. R•cognttlon of Il•bllftles Liabililies are recwnised ¢)n the a¢cNaJs basis in a¢¢ord8nce vith nom)al arti prinuples. in attordance with th• Finala1 Ropothng Standwd FRS 102 {ffedi¥e 1 January 2015). Resoure•s Eypfjnded The poli¢y for including itwns withfin ¢4sts of chwitabl8 acllvfiia$s g0Vema c¢sts l&" Charllabl• aetlvhl•s Charilablè expendfture shall indude expenthtwe threcty rel•ted lo the oty¢(s of the (arity indLvJing thè followin9'.- Granls payablg In fvrtherarKe of the chariV$ oi¥ecves The Chty re¢wves want aptyicatlons from a Nmbw of diwrt tyganisat)ns. and every app4ication 1$ ¢onsidered by the board of trustees in r•lath"on lo we agreed param¥¢efs. The board may or reject the appfiratkn sutiect to conditions. Ih)ugh thore Is no 1¢981 liatrmlity to pay any grwl to any orgisatiM. and after approval. it is own lo the board to thdraw an approval alreaty grant•d. wther bel8 of aftw paent of a giant, the accounting trèatment is to create craditor for grants relating $pgoficalty to the dienvs adiirityes in the financial year of th trustees immedialely upon approval, and to in¢lude granls relating to xtiyitS in subwuerrt financaal year$ 0$ finarKaal commknienl8 in Ihe notes to th&s a¢counls. Al 31 st Decembef 2021 there were £ ril of such grnnts appred and paId. and a for tNs $um 1$ reserved in the accounts. Th• ¢omparative ligur• f¢v 2020 was £ IMI. Governanc• cosis Governan¢ costs indude all expeThture direcuy related to the admini$trJn of the charity induding expwdilure In¢uwred in the management ol th& chawrtY¥ as8ets. organisabon•l athiinistralion ar ccrfnpliance with ¢harilable and statutory roquirefnents. Hx•d as8•ts •ndd•pr•ekrfoft All langlble fixed assèts. except freehold land and tlIn9$. are staled at cost lè$8 desxecaabon. Freehdd land and buildings arg slated at a valuation aryived at by a wofessionalty qualrfltd film of valu•rs. Tho the a$so1$ on the basls of open mawkel valuè in currenl us•. Itèm$ of less than £100 not caWis8d. D¢pTecAation ha$ beon kyovided at thè fdlowng rates kn order trj vKite off th¢ 8ssets { 1r lIMated resldual v8lua over théir estimated useful eccrfmi¢ INe$. Plant and machinory 25% straight line r•xadon As a wist8red charity. Iru$l is exempt from inc¢Mne ¥nd ccffporab.on ta¥ to Ihe exlenl th8t tts income and gains ar• applicable to charl¢able pwposes only. V8iue Added Tax is recerable by the tr1 atwj * therefore indude(l in thè Televanl costs in the Slatem•nt of Financaal Acliviti"g$. Fund• 8truelur• polky The ¢harrty maintains a neral unre5triLaed fund which represents furKls ar• expeThaat4e at the discrelion of th8 Irustees in furth•rare oflhe oti.ects of the charity. Such fuThJs may be hdd in order to finar bolh working eapital and capltal inv•stment.
Fl¥¢hor F4mlly Foundatlon Not•8 lo Ihg A¢courtts for th? ond 31 D•¢•mb•r 2021 Re$lridad funds have been provided lo the tharity for part#)Jar purposes. ar it 13 the pdi¢y of the ard of trustees to carefully Monit the applK¥bon of Ihosa funds m acccffdance with th& reslrirJion$ Flaced upon Ihem. There are cuwrently no réslrid•d fLmds. There is no fomial th'¢y of transfei belween fwmls th¢ alltion of funds to designated furHIB, Other than that d9scribed above. Any other proposod Iransf•r be88n funds w0d be considar•d on thè particular (¥cvmstances. Wlndlng up ord19lUtIon ofth• ¢h•rlty If upon winding up or dissolub.on of the ¢harity thère remain any assets. after th? $8ti$fath'on ol al debts and liabilibes, the assets represented by the aeejjmulated lund shall be transferd io Some other charitabb bc#Jy or bodigs having simllar objects to Charity. 3. ID¢fl¢lty•urplu• forthg Ilnancial y•*r 2020 Th1$ Is stst•d aft•r er•dltlng:_ R•v•nu8 Tumov•r from ordlnary •cthilll•s and aft•rChan9:" Dgprgciab'on of owned fixed ets P•nsion Costs Auditors, R•mun•ra1n 5.C(KJ.IXK1 1475.587 293 11.120 587 2020 The aggregate arnount of gxpens•s paKI to tfU$to0s was The nature of tho expenses was trav81 costs. #nd thè numb8r of trustee8 to whorn exp$n$os payments were made was 012020.. 11. S. Oetallod onoly#l8 of c•rtalth tran$actloM rgqulrnd byth• Flnanclal R•portlng St•rKlard FRS 102 lèff•etlv• I January 201SI Various ilems which arè r4ulred by the Financaal Rep(xlin9 Standard FRS 102 (effe.¥8 l January 2015110 b¢ dl$dog8d in Ihe noles to the oUnt$ are set out in the Detailed Schedule lo the Statèmènt ol Activities and its apndiCe$ on pagos 15 to 16. which should be read togather with these {leS. 8. ln3•nt Incom• 2021 2020 Intgrest from non-banking sour¢¥s 13,445 16.057 7. Anatysl¥ olgrants p#yabl• In furth•ranc• of th• eharlty'• obhcts 2020 Mèdical Rasèarch Education Historical Researth Qthor Total 841,813 303,807 1,765.911 738.265 43,0 2.547.176 1.183,620 12
Fl8eh•r Famlly Found•tlon Not•s to the Accounts for the y•ar •ndod 31 D•c•mb•r 2021 Th• ltstal grants paid to inslitut¥)ns during the year wa$ as foll(yws= 2020 Apox prlect La Casa Orphanage Sysiems 8ioh)gy Laborafy)ry UK CIC Queen Mary Univer¥ity London Su¢¢¢8s for All Oxloid Univ•tsNy Path Hill Outdoors othtrrs Total 113.807 395, 826,996 14,817 180.co) 1.$38,411 227,500 29).IX)O 20.Ix(I 8. Stsff Co8ts and Emtslum•nts 2021 202D Gross S•laries Pension Contn"bullons Total 44,858 11,120 65.978 18.819 587 19,406 Numb•rs of•rnploys Engaged on charitable ¥¢tpth5 20 Average numbw of employoes durlng 2021 was 212020.'21 Th•rn were no ernOYa•S wilh Om0ments in ¢¢$$ of £80.fMXJ p8r num 9. TnMt••s' r•mungr¥llon Ken Brooks ha$ on interest in A H Brooks Ltd who provided legal ant1 administrative support to the Tru¥t in Ihe year for £1B.60012020 £7.6681. G J Mcmillan has an Inte$t in Memillan Accountancy Services Ltd who provJed admrni$lrative and finan¢i•l Support to the Trust during the year of £3.600 12020- £3.6001 10. T•nglbl• functlonal fl¥•d 4¥80ts Pl•n( Maehln & V•hlcl•8 Assot ¢08( valuotlon or revalu•d •m¢)unt At 1 January 2021 Additions At 31 D8Cgmbsr 2021 1.174 1,174 Ae¢umyl•t•d d•pr•cl•tlon •nd knpalmi•nt wovl•lD Al l January 2021 Charye for th& Al 31 Dec8mber 2021 294 293 587 Net botsk valu? Al 31 D[thI 2021 At 1 January 2021 $87 13
Fl8ch•r Famlly Foundotlo Not•8 to eh• Account8 for thè y•ar •nd•d 31 D•c•rnb•r 2021 11. FEx•d A8•t Inv•8tsn•nts U•t•d InvMtm•nts Unlht•d Inv•¥tm•nts 2021 Totsl In¥nts Voluatlon Market value at 1 January 2021 Net unrnalised gainl(lossl Mark•t Val al 31 Drnbr 2021 Cash hold by investrnenl Totsl Inv•slm•nts In¢ludlng ca•h Al 31 D•c•mb•r 2021 Total Investrnents Includlng ¢••h At 1 January 2021 An•ty$b of Inv•stm•Jts b•tw••n UK In¥tMents •nd IAv••lm•nts oulgld• th• UK Proty Inveslments Unllstgd Inv•8knents 2021 Totsl Invo¥tsn•nts Investrnent assets in ts UK Invèstrnont assets outsde the UK Totsl mark•t valu• Prop•rty In¥•strnents Ll¥t•d Invlm•nts Un118t•d Inv•stm•nts 2020 Total Investrnent assets in UK Investment asststs th8 UK To¢al m•rkotvalu• Unllitod Inv••lm•nts eomprf••:. Co•t M•rk•t Val Valu• 2021 2021 2020 2020 Sundry unlisted investments Total 12. oobtorn 2020 Othèr Debtors 13. Cf•dliors: *mount• hllln9 du• Thlthln on• y•or 2021 2020 Trade crèditors 29.998 6.846 7,209 PAYE and Nl 37 526 14
Fl•eh•v F•mlly Found•don Hol•s to thg Ac¢ount¥ for tho y•ar Ond 31 D•¢wnbor 2021 14. R•latsd party tran#•c¢lo M D FL8¢h¥r 8nd K W Brooks, trustees orn thre01¥ of FFT Education Ltd, Syst$ 8¢)jY Labor UK CIC and Fis(er M811ica pl¢¢t LThited. M D Fisther is a In&stee of SU$5 for All. Transacthns wilh these rethd path duiing the year are as ftslm: The Trust made donakn ol £826.99612020 £1.538.4111 to Syslwns BK4ogy LaIttry UK CIC. MD Fischèr ¢Jonated £4.OCrfJ.CfQ12020 £1.O,000). FFf Educal•)n Lid £nil {2020 £95.CQ)I. SBL paid pènon contributKJns on behalf of FFT of £nil12020'. £ 5871 rtrorded as olher irm0. l thè >ove Ir•n3aclns were made in tl luther8 ol the Ctharrt obJ"¢ctives ofV InL Balan$ al the year erJ with other ated ore a6 trJhM'. The charity hoJs uns•¢ured loan sto( 01 £2,24S,CW12020£2.245.Cts)} aThJ seoJr8d kjan sloc# of É2,201.30012020 £2.201,3(Kll in System$ Bithjy Laboraw UK CIC. Thè met value ofth• k)an Aots is considered rlIgib9 and Ihrgfore ha5 been tnchJd8d in ocrwnb at £212020 È21. An amount of £n 12020 £1.101} is owed by Systems Laik)ratory UK CIC for loan int•r05t due. An amount of £1 12020 £11 is ¢ed to the trust by F¢dr M&JKal Piqect Lmnited (#) (A th• •rrti shar8 capital of Systwns 8idogy Laborotory UK CICI. 15. Analyb of Ihg Ngt Movwn•nt In Funds 20 2020 Net movemgnl In funds frcfn Statement ot Fi)antyal A(ai¥il Net r¥50urce3 applied on fiJncb"on4 fixed Jssets Ngl mov•m•nt In funds av#ll•blg for lutsr• acthiltlo• 3.740.229 {98.3571 16. EndowTn•nt Fund• Th• ¢harlty hod no ¢ndowm•nt lund• In ywr •nd•d 31 Do¢•ml>•r 2021 or In th• y•ar WKlod 31 Oe¢embw 2020. 15
Fl•¢hor F•mlly Foundik+n Sch•dul• to th• Statsrnfjnt of Flnanclal A¢tlvltle¥ for th• y•ar •nd•d 31 D•¢•mber 2021 Stat ol ihl¥ ¥chodul• to th• Siat•m•nt ol Flnancl•l Athlll The 3ch¢dub8 on th& following pagos ar8 r&]uwed by ts th"5cb)sUrt roquwww)ts ofth& Stat8m8nt of Rocommonded PractKe fof Afxounbry Repryty'r¥J iwed by thè Chanty commiss for EThJiand & Wakn¥. As such, th&y lorni a part of the ac£ounts wuir•J by Ihe ChaiitiB& (Acownts 8rn1 R¢y)rtsl R(lIOnS X(e. Tlw arn wilu"n the report ofts #Lhtors urbJ¢r S144 {2101th8 Charths Act 2011. Voluntary Incom• Unr•strkted RMtri¢t•d Totsl Prfor P•riod Fund• Funds Fund$ Tot41 Fund$ 2021 2021 2021 2020 Non 9tsv•rnmgnt and non publlc bodh• Incomlng resou of a rw•nu• naturn Donation5 4.C(O.ClXJ 4.OlXI,000 1.999.000 Gift Aid Tot41 Totsi Grant¥, L¢91¢10$ & Donatlon• R•c•l¥•d s 000 000 Glfts In klnd, don4t•d ¥erylu• and faelllll•• SBL paymont ofFFT pènsion Tgtsj Glftj In klnd. donatsd •Thl¢•• and f•¢llltle8 587 687 Total Voluntsry Ine4M• Inv•$lm•nt In¢om• Interest from Th)n banklng swrcos 13.445 13.445 16.057 Total Inv•81ment Incomo 13.445 13 Total In¢omlng RMoureè# Costs of 9gn•r¥tlng fvnd• Fundra18Jng Tradng Unrn•trlctsd RtrIcted Fund• Funds 20 2021 Totsi Fund 2021 Total Fund 2020 Charlt4bl• •xpendlturn Costs of acttvlU•s In lurth•ranc• of th• obfv¢lfv Medcal Resear 841.813 841.813 303.807 1,765.911 738.265 Education 303.807 Oiher Grants 1 183620 1183620 2647 178 Support ¢o¥ts olch•rit4bh •etlvftl•s Dlr•et support eosts Gross wèjès salari8s- charitabbe thiies PerKIn con1nttioS caritabkn ernoya•S Befits to 61aff 18.819 587 11.120 11.120 899 Travd arnl SUS1en. Charitstlè Acliwb•s 220 16
Fl8¢h•r Famlly Foundallon S¢h•dul• to th• Stst•m•nt of Flnan¢l•l Acllvltl•• for th• y•ar •nd•d 31 D•c•mbgr 2021 M4n8pm•nt •ndadmlnlsbadon costs In support tsf ¢h•rl¢•bl• •crfvld•• Uwe$trtcted R••tricted Fund# Funds 2021 2021 Totsl Fund 2021 Totsl Fund• 2020 Prwnls•s Costs Room Hire 263 G•nor•l •dmlnlstratlve expensv.. Ccynputer and So1tt¥8r• Bank ¢redl (ard charges ROurju Ififf•r•ne• 141 141 175 175 136 316 316 136 Pmle$slonal fo•$ In $upportofeharft•bh 4cfMtles Other accountsncy feas Lagal, profv¥sional & adMIntra.0n COBts 4.510 4,510 22.21XJ 4.130 22,2c¥J Oth•r¥upport costs Depreciation ol 8ss¢ts used for chantabb purposes 294 293 Total Support ¢ts Supportcosts forgyants p•ld Total Exp•ndod on Ctsrftabh AetMtI•• 1267816 1267 816 Govman eosts Ilmtare not dlrnrtman•g•m•ftt fvn¢J9 lJth•r•ntln g•n•rvdng lun<ts, s•Nlc• n¥•ry &ndprogramm• orpYoJ•et (Includlng Man•geM•rf•nd4dmh$oft ¢o•ts) Sp•¢m¢ governane• ¢os Twsteos, exp¢nse Auditors. remuneralion 554 6.0 5.4(Kl Total govemanc• cmts aft•r rgallocatlon Slinature: 17