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2023-04-01-accounts

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1ST APRIL 2023

FOR

THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2023

Page
Legal and Administrative Information 1
Report of the Trustees 2
Report of the Independent Examiner of the Trustees 5
Statement of Financial Activities 6
Statement of Financial Position 7
Notes to the Financial Statements 8
Report of the Accountants 10

THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 1ST APRIL 2023

REGISTERED NUMBERS:

Registered Charity Number 1077279

TRUSTEES

The Trustees who served during the year under review and since the year end were as follows:-

Sarah-Jane Richards Stephen Dunnett David Mann Pat Naughton Colin Masters

PRINCIPAL ADDRESS

The Campaign for Alzheimer's Research in Europe (CARE) Temple Court 13A Cathedral Road Cardiff CF11 9HA

REGISTERED OFFICE

Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH

INDEPENDENT EXAMINER

Damian Evans Evans Entwistle Chartered Management Accountants and Tax Advisers Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH

BANKERS

Lloyds Bank 31 Queen Street Cardiff CF10 2AG

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THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1ST APRIL 2023

The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 1st April 2023.

The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities.

OBJECTS AND PRINCIPAL ACTIVITIES OF THE CHARITY

The Campaign for Alzheimer's Research in Europe (CARE) was formed in 2010 to support the advancement of health and saving of lives. The objects of the charity are:

1) To preserve and protect the health of the public by promoting or assisting in the promotion of research into the causes, prevention, alleviation and treatment of Alzheimer's Disease and to publish the useful results of such research.

2) To promote medical research directed towards identifying a treatment or cure for Alzheimer's Disease.

3) To encourage and promote collaborative research not only within the UK but also across international boundaries.

ORGANISATIONAL STRUCTURE GOVERNANCE AND MANAGEMENT

On a day to day basis The Campaign for Alzheimer's Research in Europe (CARE) is managed by the Trustees.

The Trustees meet on a monthly basis.

There are no sub-committees to the board.

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THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1ST APRIL 2023

All Trustees are provided with the legal and regulatory information regarding their responsibilities on recruitment.

RISK MANAGEMENT AND RESERVES POLICY

The organisation commenced the year with a surplus of £29,337 and ended the year with a surplus of £119,817. The operating performance of the charity is set out on pages 6 to 9.

The Trustees recognise the need to manage the key financial risks. The key risks are identified as:-

a. non-expansion in diversity of income base;

ACTIVITIES AND ACHIEVEMENTS FOR 2022/23 AND COMMITMENTS FOR 2023/24

This financial year saw the Campaign for Alzheimer’s Research Europe consolidate its mission to support collaborative research between the UK and Europe with the opening of an office in France and the establishment of a pan European Scientific Committee. Such collaborative investment into causes of, and therapies for, Alzheimer’s disease is imperative following the post-Brexit loss of European funding support to British neuroscience research. The Charity continues to invest in travel bursaries for young scientists and to provide international conference support where research results and ideas are shared. In addition, the Campaign for Alzheimer’s Research Europe has awarded UK research funding in the field of stem cell therapy to commence in the summer of 2023. The Charity keeps its overheads to a minimum in order to maximise its financial support for research.

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THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1ST APRIL 2023

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK GAAP).

The Trustees are responsible for preparing the financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:

a. select suitable accounting policies and then apply them consistently;

The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity. 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 corporate and financial information included on the charity website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

In Planning our activities for the period we kept in mind the Charity Commissions guidance on public benefit at our Trustees meetings.

On behalf of the Board

Sarah-Jane Richards Date: 03 May 2023 Trustee

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THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES FOR THE YEAR ENDED 1ST APRIL 2023

I report on the accounts of The Campaign for Alzheimer's Research in Europe (CARE) for the year ended 1st April 2023 which are set out on pages 6 to 9.

RESPECTIVE RESPONSIBILITIES OF TRUSTEE AND EXAMINER

The Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this period under s145 of the Charities Act 2011 (the 2011 Act), and that an independent examination is required.

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

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried our in accordance with the General Directions given by the Charity Commission. My examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes a consideration of any unusual items or disclosures in the accounts, and the seeking of 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.

Damian Evans BSc (Hons) FCMA CGMA Evans Entwistle Independent Examiner Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH

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THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST APRIL 2023

Bequest Income
Donation Income
Research Grants
Funds Received
Research Grants
Grants Issued
Net Funds
Accountancy
Advertising and Promotion
Event Expenses
Professional Fees
Interest Income
Other Income
Net Surplus / (Deficit)
Surplus B/Fwd
Surplus C/Fwd		 £
£
92,877
1,110
1,039
95,027
-
-
95,027
480
3,000
587
660
4,727
180
180
90,480
29,337
119,817
2023		 £
£
-
585
-
585
5,000
5,000
(4,415)
450
-
875
-
1,325
3
3
(5,737)
35,074
29,337
2022		 £
£
-
585
-
585
5,000
5,000
(4,415)
450
-
875
-
1,325
3
3
(5,737)
35,074
29,337
2022
- 5,000
480
3,000
587
660		 450
-
875
-
(4,415)
1,325
3
180 3
(5,737)
35,074
29,337

6

THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 1ST APRIL 2023

Notes
FIXED ASSETS
CURRENT ASSETS
Bank
CURRENT LIABILITES
Trade Creditors and Accruals
6
NET CURRENT ASSETS
TOTAL NET ASSETS
NET ASSETS
RESERVES
Capital B/Fwd
Surplus/(Deficit) for the period		 2023
£
£
-
120,765
120,765
948
948
119,817
119,817
119,817
29,337
90,480
119,817		 2022 2022
£
120,765		 £
29,805		 £
-




29,337
120,765
948		 29,805
468
948 468
29,337
29,337
35,074
(5,737)
29,337

I approve these accounts and confirm that I have made available all relevant records and information to their preparation.

ON BEHALF OF THE BOARD OF TRUSTEES:

Signed: Sarah-Jane Richards

Date 03 May 23

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THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2023

1. STATUTORY INFORMATION

The Campaign for Alzheimer's Research in Europe (CARE) is a charity, registered in England and Wales, registration number 1077279. The registered office is Villa House, 7 Herbert Terrace, Penarth, CF64 2AH.

2. COMPLIANCE WITH ACCOUNTING STANDARDS

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.

Presentation Currency

The accounts are presented in £ sterling.

Resources Expended

Resources expended are allocated in the Statement of Financial Activities on an accrual basis exclusive of VAT, or inclusive where VAT cannot be recovered.

Cost of Generating Funds

These include the costs of fundraising.

Charitable Activities

Support costs are allocated between direct charitable expenditure and support costs on accruals basis, inclusive of any VAT that cannot be recovered.

Governance Costs

These include the costs of external scrutiny and costs associated with constitutional and statutory requirements.

Liabilities

The financial statements are prepared on an accrual basis thus recognising all liabilities when the charity has committed itself to an expense or contractual obligation.

Income

All income resources are accrued when received.

4.

STAFF COSTS

No Trustees received remuneration during the current period. No trustees were reimbursed expenses.

5. TAXATION

The Charity is exempt from Corporation Tax on its charitable activities.

8

The notes form part of the financial statements

THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2023

6.
CURRENT LIABILITIES		 2023 2022
Accruals 948 468
948 468
7.
AVERAGE NUMBER OF EMPLOYEES
During the year the average number of employees was 0 (2022: 0).

9

The notes form part of the financial statements

THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

REPORT OF THE ACCOUNTANTS TO THE TRUSTEES OF THE CAMPAIGN FOR ALZHEIMER'S RESEARCH IN EUROPE (CARE)

In accordance with our terms of engagement and in order to assit you to fulfil your duties, we have compiled the financial statements of the charity for the Year ending 1st April 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position and the related notes from the accounting records and information and explanations that you have given us.

We have carried out this engagement in accordance with technical guidance issued by the Chartered Institute of Management Accountants and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Evans Entwistle Chartered Management Accountants Villa House 7 Herbert Terrace Penarth CF64 2AH

Dated: 03 May 2023

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