2021-03-31-accounts

CONTENTS	Page
LegalandAdministration
Chairman'sSummary	2
Trustees'Report	3-11
IndependentAuditors'Report	12-13
StatementofFinancialActivities	14
BalanceSheet	15
StatementofCashFlows	16
NotestotheFinancialStatements	17-24

U ChangingLivesThrough - **LEGAL AND ADMINISTRATION **	py Research
**TRUSTEES **	HenryRichard GeersCotterell(Chairman)
	ReshmaAshrafMason
	GuyEdmundSangster
	JemmaFreeman
	AlexanderJohns
	SaffronGuy
**COMPANY SECRETARY **	ReshmaAshrafMason
**REGISTERED OFFICE **	BrydenJohnsonLimited
	I-4 Kings Parade
	LowerCoombeStreet
	Croydon
	CR0IAA
**DIRECTOR **	MarieDimond
	Unit15
	AbbevilleMews
	88ClaphamParkRoad
	London
	SW47BX
**SECRETARY TO TRUSTEES **	Abigail Parry-Williams
**Fl ANCIAL ADVISOR **	DavidMcCormick
**AUDITORS **	BrydenJohnsonLimited
	I-4KingsParade
	LowerCoombeStreet
	Croydon
	CRO!AA
**SOLICITORS **	Ashurst
	Broadwalk House
	5AppoldStreet
	LondonEC2A2HA
**PRINCIPAL BA~KERS **	BarclaysBankpie
	KensingtonandChelsea
	POBox4599
	LondonSW3!XE
**INVESTMENT MANAGERS **	Cazenave CapitalManagement
	12Moorgate
	London
	EC2R6DA
**GOVERJ'IING DOCUMENT **	TheMemorandumandArticlesofAssociationincorporated26ovember
	1999as amended byspecialresolution dated30March 2000

	I	2021	**2020 **
**Total Income **		**£685,032 **	**£620,431 **
**Net (Deficit)/Gains including Investment Gains **		**£(109,147) **	**£(320,572) **
**Net Assets **		**£1,574,102 **	**£1,683,249 **
**Unrestricted Funds **		**£1,351,918 **	**£1,462,348 **

		**Unrestricted **	**Restricted **	**Total **
		**Funds **	**Funds **	**Funds **
		**2021 **	**2021 **	**2021 **	**2020 **
	**Notes **	£	£	£	£
**lNCOME FROM: **
**Donations andlegacies **		221,976	460,938	682,914	590,781
Charitable activities
Symposium					19,058
Investmentincome		2,118		2,118	10,592
**Total income **		224,094	460,938	685,032	620,431
**EXPENDITUREON: **
Raisingfunds		65,478		65,478	73,022
Charitable activities		269,046	459,655	728,701	867,981
**Total expenditure **	2	334,524	459,655	794,179	941,003
**Net income/ (expenditure) before investment **
**(losses) **		(110,430)	1,283	(109,147)	(320,572)
etgain/(losses)oninvestments	7
**Net movement in funds **		(110,430)	1,283	(109,147)	(320,572)
**Balance brought forward 1 April 2020 **		1,462,348	220,90I	1,683,249	2,003,821
**Balance carried forward 31 March 2021 **	10,11	1,351,918	222,184	1,574,I02	1,683,249

		**2021 **		**2020 **
	**Note **	£	£	£	£
**FIXED ASSETS **
Tangible assets	6		43,315		95,351
Investments	7		_1,193,498 _		1,342,633
			1,236,813		1,437,984
**CURRENT ASSETS **
Debtors	8	445,213		66,294
Cashatbankandinhand		74,635		359,082
		_519,848 _		425,376
**CREDITORS: Amounts falling **
**due withinone year **	9	(182,559)		(180,111)
			337,289		245,265
**NETASSETS **			1,574,102		£1,683,249
Funds:
Unrestricted	10		1,351,918		1,462,348
Restricted	11		222,184		220,901
	12		1,574,102		1,683,249

	**2021 **	**2020 **
	£	£
**Cash from operating activities **
Net cash(usedin)/by operatingactivities	(435,310)	(269,654)
**Cashflows from investing activities **
Purchaseoffixedassets	(390)
Saleofinvestments
Purchaseofinvestments
Investmentincomereceived	2,118	10,592
	1,728	10,592
(Decrease)/increaseincashandcashequivalentsintheyear	(433,582)	(259,062)
Cashandcashequivalentsatthebeginning oftheyear
	1,701,715	1,960,777
Cashandcashequivalentscarriedforward	1,268,133	1,701,715
	======
**Reconciliation of net (expenditure)/income tonet cash flow **
**from operating activities **
Netmovementinfunds	(109,147)	(320,572)
Depreciationcharge	52,426	52,633
Investmentincome	(2,1I8)	(10,592)
(Decrease)/increaseincreditors	2,448	(398,087)
Decrease/(increase)in debtors	(378,919)	406,964
	(435,310)	(269,654)
**Analysis of cash and cash equivalents **
Cashatbank	74,635	359,082
Investments heldascash	1,193,498	1,342,633
Totalcashandcashequivalents	1,268,133	1,701,715

2.	**EXPENDITURE **	**2021 **	**2020 **
		£	£
**(a) **	**Raising funds **
	Fundraisingsalariesincludingnationalinsurance	79,991	61,842
	Travel,subsistenceandrelatedexpenses	172	217
	Events,committeemeetingsetc.	1,191	1,535
	Marketingandpublicrelations	4,1224	4,201
	Personnelcostsallocatedto Charitable&Admin	(20,000)
	Investmentcharges		5,227
		65,478	73,022
**(b) **	**Charitable activities: **
	ContributiontoresearchfacilityatStGeorge'sUniversityofLondon
	-Staffincludingrecruitment	509,547	625,869
	-Consumables	76,652	51,455
	Symposium		58,377
	Personnelcostsallocatedtocharitableexpenditure	10,000
	Conference,travelandsubsistence	150	4,861
	Legalandprofessionalfees-patent		3,690
	Equipmentmaintenance	11,948	1,990
	Equipmentdepreciation	51,032	51,032
		659,329	797,274
	**Support **
	Rent,rates,andutilities	21,752	21,082
	Telephone,printing,postage andstationery	11,785	15,451
	Insurance	2,437	2,127
	Bankandinvestment charges	3,353	265
	Professionalfees	13	12,518
	Depreciation	1,394	1,601
	Personnelcostsallocatedto administration	10,000
	Governance-Otherprofessionalcosts	4,000	4,660
	Governance-Accountancy andaudit	14,638	13,003
		69,372	70,707
	Total	794,179	941,003
3.	**STAFF COSTS **	**2021 **	**2020 **
		£	£
	Wagesandsalaries	73,711	73,512
	SocialSecurityCosts	3,748	4,763
	Pensioncontributions	3,211	2,205
		79,670	80,480

4.	**'ET MOVEMENT IN FU~DS **	**2021 **	**2020 **
		£	£
	Thisisstatedaftercharging:
	Depreciation	52,426	52,633
	Auditors'remuneration	7,980	7,750

**6. **	**TANGIBLE FIXED ASSETS **	**Office furniture **	**Clinical **
		**and equipment **	**equipment **	**Total **
		£	£	£
	**Cost **
	AtIApril2020	17,176	276,477	293,653
	Additionsinyear	390		390
	Disposalsin year	(11,129)	(I,150)	(12.279)
	Asat31March2021	6437	275,327	28I,764
	**Depreciation **
	AtIApril2020	15,380	182,922	198,302
	Chargefortheyear	1,394	51,032	52,426
	Eliminated ondisposal	(11,129)	(I,150)	(12,279)
	At31March2021	5,645	232,804	238,449
	**~ct Book Value **
	At31March2021	792	42,523	43,315
	At31March2020	1,796	93,555	95,351
7.	**INVESTMENTS **		**2021 **	**2020 **
			£	£
	Marketvalue atIApril2020		1,342,633	1,901,958
	Additions
	Disposals
	Cashwithdrawals		(149,135)	(559,325)
	Realisedlossonsale
	Unrealised(loss)/profit oninvestments
	Market valueat31March 2021		1,193,498	1,342,633

8.	**DEBTORS **	**2021 **	2020
		£	£
	Prepaymentsandaccruedincome	37,178	55,467
	Otherdebtors	408,035	10,827
		445,213	66,294
**9. **	**CREDITORS: AMOU~TS FALLl1\'G **	**2021 **	2020
	**DUE WITHIN ONE YEAR **	£	£
	Accrualsanddeferredincome	177,107	175,650
	Othercreditors	5,452	4,461
		182,559	180,111
**10. **	**UNRESTRICTED FU 1DS **	**2021 **	**2020 **
		£	£
	**General **
	AtIApril2020	1,462,348	1,729,036
	(Deficit)forthefinancialyear	(110,430)	(266,688)
	At31March 2021	1,351,918	1,462,348

11.	**RESTRICTED FUNDS **	**Balance at **			**Balance at **
		1April			**31 March **
		2020	Income	**Expenditure **	**2021 **
		£	£	£	£
	Prostate CancerResearch	176,432			176,432
	Ovarian	42,947	1,562		44,509
	Pancreatic	1,522		(1,522)
	SeniorLecturerAssociate		20,413	(19,170)	1,243
	Generalresearch		433,963	(426,355)
	EquipmentCapital		5,000	(5,000)
		220,901	460,938	(459,655)	222,184
	**RESTRICTED FUNDS **	**Balance at **			**Balance at **
		1April			**31 March **
		**2019 **	Income	**Expenditure **	**2020 **
		£	£	£	£
	ProstateCancerResearch	176,432			176,432
	Ovarian		42,947		42,947
	Pancreatic		1,522		1,522
	SeniorLecturerAssociate	79,252		(79,252)
	Generalresearch	13,279	413,076	(426,355)
	Symposium	5,822	27,562	(33,384)
		274,785	485,107	(538,991)	220,901

**12. **	**ANALYSTS OF NETASSETS **	**General **	**Restricted **	**Total **
	**BETWEEN FUNDS **	**Funds **	**Funds **	**2021 **
		£	£	£
	**Fund balances at31 March 2021 are represented by: **
	Tangibleassets	43,315		43,315
	Investments	1,193,498		1,193,498
	etcurrentassets	115,106	222,184	337,289
		1,351,918	222,184	1,574,102
		£	£	£
	**Fund balances at 31 March 2020 are represented by: **
	Tangibleassets	95,351		95,351
	Investments	1,342,633		1,342,633
	et currentliabilities	24,364	220,901	245,265
		1,462,348	220,901	1,683,249

		**Unrestricted **	**Restricted **	**Total **
		**Funds **	**Funds **	**Funds **
		**2020 **	**2020 **	**2020 **
	**Notes **	£	£	£
**l~COME FROM: **
**Donations and legacies **		I05,674	485,107	590,781
**Charitable activities **
Symposium		19,058		19,058
**Investment income **		10,592		10,592
**Total income **		135,324	485,I07	620,431
**EXPENDITURE ON: **
Raisingfunds		73,022		73,022
Charitableactivities		328,990	538,991	867,981
**Total expenditure **	2	402,012	538,991	941,003
**Net income/(expenditure) before investment **
**(losses) **		(266,688)	(53,884)	(320,572)
Net(losses)oninvestments	7
**Net movement in funds **		(266,688)	(53,884)	(320,572)
Balance brought forward IApril20 I9		1,729,036	274,785	2,003,821
**Balance carried forward 31 March 2020 **	10,11	1,462,348	220,901	1,683,249