Registered number.. 4178865 Charity number.. 1087019 DIPEX (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
DIPEX IA company limited by guarantee} CONTENTS Page Reference and administrativo dotsils of the charitsblg company. its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 9-22
DIPEX IA company limited by guarantee} REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees Professor S R Hilton P A Droop (resigned 16 Dember 20211 M S Russell (resigned 16 December 20211 Dr T McPherson REGann F A Stevenson Dr E J Miller J R Marsden APRein Company registered number 4178865 Charity registered number 1087019 Registered office 2 Chawley Park Cumnor Hill Oxford OX2 9GG Principal operating office Prama House 267 Banbury Road Oxford OX2 7HT Company secretary P A Droop Chief executive officer A Barnett Accountants James Cowper Kreslon Chartered Accountants and Slatulory Auditors Cumnor Hill Oxford Oxfordshire OX2 9GG Bankers HSBC Bank PIC Midland House Seacourt Wesl Way Botley Oxfordshire OX2 OPL Page 1
DIPEX IA company limited by guarantee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The TrLJStees Iwho are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of DIPEX {Ihe charilyl for the year ended 31 March 2022. The Trustees confirm that the annual report and financial statements of the charity comply with the Charities Act 2011, the Companies Act 2006, the requirements of the governing documents and Accounting and Reporting by Charities.. Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191. Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. OBJECTIVES AND ACTIVITIES Objgctivgs and principal activities The objects of the charity have nol changed during the period under review and are, the advanment of education for the public benefit In the promotion of good health, and In particular for the benefit of persons diagnosed with a disease by, but not limited lo, the methodologies slated below: Creating a database of sufferers, experiences of illness. Disseminating information to sufferers, health professionals and the general public. Participating in research (primarily eViden-baSed research) and publishing the useful results thereof to help sufferers make informed decisions about their healthcare. Promoting effective collaboration between sufferers and health professionals. The Trustees have had regard to the Charity Commission's guidan on public benefit. Achigvgmgnts and porfomiance The year under review was again negatively impacted by the Covid-19 pandemic, although somewhat less than the prior year. Further lockdowns and associated uncertainties resulted in slowing of ongoing research projects and held up our and partners, progress with new applications. Nevertheless, operationally the charity was well placed for remote working (not only from homel and activities continued largely as nomial. Several new projects arose from the societal impact of Covid. The Trustees continued to meet regularly either in person or by video conference, and additionally received regular updates from the CEO reviewing current trading, all risk profiles in addition lo the effect on the business of the pandemic A summary of the charills achievements for the year is as follows: We have undertaken a thorough review and redesign of our websites including healthlalk.org making for a faster, easier to use site that will be fully launched during the laller part of 2022. We have increased OLJr work with overseas partners in both the US and Australia. Visits to the healthlalk.org website remain strong, with the resoLJrce used roLJghly 6 million limes each year. The charity Is continuing lo collaborate with more research organisalions around the UK on topics such as dementia and loneliness. An additional website dedicated lo promoting research in social care has been created by the charity, and a research project lo evaluate ils impact will be completed in 2022 before il goes live. We continue lo be a member of Dipex International and our CEO Adam Barnett remains a board member. IDipex International is a membership organisation of research groups using the methodology developed by the University of Oxford's Health Experiences Research GroLJP {HERGI for the exchange of ideas, of rindings, training and research and dissemination of practices). Our wider partnership and collaboration with HERG al the Nuffield Department of Primary Care Health Sciences continues as the major Sour for the projects and income of the charity. Page 2
DIPEX IA company limited by guarantee} TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 At the close of a further year of uncertainly and challenge from the pandemic, the charity nevertheless was in a stronger all-round position at the year end. Funded projects for the coming financial year show an increase from a range of sources. In February 2022 a strategy review was conducted by the Trustees and staff, and outputs from this will be implemented during 2022-23. FINANCIAL REVIEW Income. expendlture and results For the year ending 31 March 2022 the charity experienced a cash inflow of £8,999 {2021.' outflow of £40,849) and an accounting surplus of £17,79512021." deficit £50,028). The Trustees review the financial position of the charity at every Trustees, meeting, using a twelve months, ahead cash flow forecast and up to dale management accounts. Based on projects conlracled, they are satisfied that the charity is equipped to continue its activities over the next twelve month period. Reserves pollcy The charity's policy is lo try to maintain reserves al a level sufficient to cover the liabilities relating lo all outstanding research modules, to support the development of the charity in areas such as website design and maintenance and support, marketing and management infraslruclure and to guard against future contingencies. Having assessed these factors, the Trustees have determined that the charity should hold, as a target, available unreslricled 'minimum' cash reserves of 12 months web expenditure and six months of other operating expenditure. Reserves are underpinned by the available cash funds and by the value of the charity's assets, including its receivables and website. The level of available unreslricled cash reserves at 31 March 2022 was £73,33912021'. £64,340), which equates approximately to budgeted expenditure for six months of £66,000 and the remaining costs associated with the budget of the new website. The Trustees are satisfied that - when considered in conjunction with cash flow forecasts based on confirmed projects lo the start of the new financial year - those reserves are sufficient to allow the charity lo continue its operations and deliver all projects to the end of the financial year ending March 2023. Investment Pollcy The charitls investment policy is lo maintain all cash funds in current and deposit accounts, including fixed term accounts, with ils appointed bankers. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is a registered charity, number 1087019, and was incorporated on 13 March 2001 as a company limited by guarantee. The charity is govemed by its Memorandum and Articles of Association. Appolntment and tralnlng of Trustees The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Trustees undergo an annual review with the Chairman. The charity reviews periodically the skills and composition of the Board of Trustees so as lo identify any skills gaps within the Board. At the Annual General Meeting in Dember 2021, Mike Russell and Pauline Droop tendered their resignations after long years of dedicated service. Page 3
DIPEX IA company limited by guarantee} TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Newly appointed Trustees receive an induction including face to face training and information lo support their effective perfomiance as Trustees. Succession planning is in place for those trustees who plan to retire or leave, with a handover period established whenever possible. Organlsatlonal structure The overall responsibility for the charity rests with the Board of Trustees, who are also appointed as directors of the charitable company. The Board of Trustees meets bi-monthly through the year to review the charity's strategy and operational perfomiance and lo agree operational plans and budgets. The Board of Trustees delegates the authority of the day lo day management of the charity to the Chief Executive Officer. Remuneration for the Chief Executive Officer and other staff members is set by the Trustees having considered the remuneration in similar organisations and the financial position of the charity. Rlsk Management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to miligale exposure to the major risks. Major risks are reviewed at every Trustees, meeting, covering areas in Governance & Management, Operations, Finance, Environment8llExternal Factors and Complian. The charity is reliant on grant funding to researchers lo enable them lo publish their research into personal health experiences. Such grant funding has historically been received either directly by the charity or from universities in receipt of the research grant of which Oxford is the main, bul not the only, University. In the past two years, sources of funding have diversified to include other health partnerships, consultancy and new social care collaborations. The Trustees review historic income and forecast income on a quartedy basis, which covers 8 period of 12 10 18 months, upon which they determine the future level of affordable costs and required cash reserves. The Trustees also ensure that projects are adequately resourced before project inrtialion and verify that there are sufficient projects in hand lo support the following yearfs activities. The charitls financial policies provide full cash reconciliation of all income and expenses on a monthly basis and preparation of annual budgets, management accounts every two months and quarterly cash forecasts. FUTURE PLANS Ongoing redevelopment of our flagship website, heallhtalk.org Launch of a sister sile, socialcaretalk.org Long term organisalional strategy review Increase range of working partners Acknowledgements In addition lo income derived from research modules and consultancy, DIPEX relies on donations and partnership revenues lo support ils work. Details of funding can be found on our websites on the credits page of each condition. We acknowledge gratefully the support we have received from everyone in the past year, be il financial, through provision of infomialion, membership of an advisory panel or general support from enthusiasts and friends. Our thanks go also to our Patrons and advisors, colleagues at the Health Experiences Research Group of Oxford University and other academic partners. Page 4
DIPEX {A company limited by guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 TRUSTEES. RESPONSIBILITIES STATEMENT The Trustee5 Iwho are also directors of DIPEX for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Unrted Kingdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial stalemenls for each financial year. Under company law the Trustees must not approve the financial statements unless they are salisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of reSoUrs, including the income and expenditure, ol the charifable company for that period. In preparing these financial stalemenls, the Trustees are required to.. select 5uitsble accounting policies and then apply them Gonsistently., observe the methods and principles in the Charities Statement of Recommended Pr2Ctits', make judgments and 8¢counling eslim8tes that are reasonable 8nd prudent., prepare the financial slalements on the going conrn basis unless il is inappropriate to presume that the charitsble company will continue in op@ration. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain Ihc charitable oomptsny,. tranèaclions and disclose with reasonable accuracy al any time the finoncitsl POlt10n of Ihe charltable company and enatrile ihem to ensure that the financial staiemenis comply wrth Ihe Gompanles Aci 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and othor irregularrties. Approved by order of the members of the board of Trustees and signed on their behalf by.. S Hilton Dal9'. Jad 2021 Page 5
DIPEX IA company limited by guarantee} INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Indgpgndgnt Examingr'$ Report to the Trustses of DIPEX I'thg charitsble ¢ompany'} I report lo the charity Trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022. Responsibilities and Basis of Roport As the Trustees of the charitable company land ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordan wth the requirements of the Companies Act 2006 {'Ihe 2006 Acl'l. Having satisfied myself that the accounts of the charitable company are not required lo be aLJdiled under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts carried OLJt under section 145 of the Charities Act 2011 {'Ihe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Indgpgndgnt Examingr's Ststsmgnt I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charitsble company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and faiv view which is not a maller considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in older to enable a proper understanding of the accounts to be reached. This report is made solely lo the charitable company's Trustees, as a body, in accordan with Part 4 of the Charities (Accounts and Reports) RegLJlalions 2008. My work has been undertaken so that I might slate lo the haritable companls Trustees those matters l am required lo stale to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not acpt or assume responsibility lo anyone other than the charitable company and the charitable companys Trustees as a body, for my work or for this report. Signed.. Michael Bath Bsc FCA DChA Dated.. 9 November 2022 James Cowper Kreston Chartered Accounlanls and Statutory Auditors Cumnor Hill Oxford Oxfordshire OX2 9GG Page 6
DIPEX IA company limited by guarantee} STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022 Unrgstricted funds 2022 Totsl funds 2022 Total funds 2021 Notg Income from: Donations and legacies Charitable activities Other trading activities 7,518 150,795 800 7,518 150,795 800 4,411 84,172 1,298 Total income 159,113 159,113 89,881 Expenditure on: Raising funds Charitable activities 1.409 139.909 1.409 139.909 500 139,409 Total expenditure 141,318 141,318 139,909 Net movement in funds 17,795 17,795 150,0281 Reconciliation of funds.. Total funds brought forward Nel movement in funds 35,621 17,795 35,621 17,795 85,649 150,0281 Total funds carried forward 53.416 53.416 35,621 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 10 22 form part of these financial statements. Page 7
tXPEX IA company limited by guaraDto01 REGISTERED NUMBER: 4178865 BALANCE SHEEr AS AT 31 MARCH 2022 2022 2021 Flxed assets Intangible assets Tangible as¥ets Investments 10 11 12 3.690 1,199 8,610 2,398 4090 11,009 Curront assets Debtors Cash at bank ar in hand 13 116,906 73,339 29,846 64,340 190,245 94,186 Cr&Jitors.' amounts fallino due within one 14 {141.719} (69,574) Net current assets 48.526 24,612 Total net assets 53N16 35,621 Charity hjnds Unrestricted funds 15 53N16 35.621 Total funds 53A16 35,621 The charitable company was enIrt to exemption from audit urKler section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in a)rdance with seth.on 476 of Companies Act 2006. The Trustees acknowledge their responsibilrties for complying wilh the requirements of the A¢t with respect to aceounling records and preparation of finaneial statements. The financial ststements h the mall mpanies regi e been prepared in accordance wrth the provisions applicable to entities subject to na te appmved and aLrthorised for issue by the TnJstee$ and signed on their behatt by." arsden Date.. 22 September 2022 The notes on pages 9 to 22 fomi part ofthese financial st8toments. Page 8
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policios 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. DIPEX meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless othenNise stated in the relevant accounting policy. 1.2 Company status The Charity is a company limited by guarantee. It is incorporated in the UK and registered in England and Wales. The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The financial statements are presented in Sterling, which is the function81 currency of the Charity, and rounded lo the nearest pound. 1.3 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. 1.4 Going concern The Trustees believe that there are no material uncertainties related to the Charity's ability lo continue as a going concern. This is due lo several modules planned in the next financial year and other future plans as outlines in the Trustees, Report. The Charity also has sufficient cash reserves lo fund ils operations for the foreseeable future. Therefore these financial statements have been prepared on a going Conrn basis. 1.5 Incorne All income is recognised once the ch8ri18ble company has entitlement to the income, il is probable that the ineome will be received and the amount of income reeeiv8ble can be measured reliably. Grants are included in the Statement of financial 8clivilies on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is acctued. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Page 9
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontinugdl 1.6 Govgrnment grants Government grants, including Covid-19 related grants, are credited lo the Statement of financial activities as the related expenditure is incurred. 1.7 Expgnditurg Expenditure is recognised once there is a legal or ¢onstru¢tive obligation to transfer economic benefit to 8 third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation be measLJred reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of tsme spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the charitable company lo raise funds for ils charitable purposes and includes costs of all fundraising activities events and non- charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable companls objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 1.8 Intangiblo assets and amortisation Intangible assets are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised al cost and are subsequently measured at cost nel of amortisation and any provision for impairment. Intangible fixed assets are amortised over 3 years on a straight line basis. 1.9 Tangiblg fixod assets and depreciation Tangible fixed assets costing £1,000 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of ¢osl. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Computer equipment 3 years Page 10
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontinugdl 1.10 Investmgnts Fixed assel investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value at the Balan sheet dale, unless the value cannot be measured reliably in which case il is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses} on investments, in the Statement of financial activities. 1.11 Interest recoivablo Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank. 1.12 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 1.13 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the date of a¢quisilion or opening of the deposit or similar account. 1.14 Liabilitigs Liabilities are recognised when there is an obligation al the Balan sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised at the amount that the charitable company anticipates it will pay lo settle the debt or the amount il has reiVed as adVand payments for the goods or services il musl provide. 1.15 Financial in$twmgnts The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value. 1.16 Pgnsion$ The Charity does not currently operate a pension scheme, bul makes contributions lo the personal pension scheme of staff members. 1.17 Critical accounting gstimates and aroas of judgment The preparation of the financial statements requires management lo make jLJdgements, estimates and assumptions that affect the amoLJnts reported for assets and liabilities al the Balance Sheet dale and the amounts reported for income and expenditure during the year. However, the nature of the estimation means that actual outcomes could differ from those estimates. There are no particular areas of judgments or estimation unrtainlty that are material lo the financial statements. Page11
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from donations and 1oga¢ies Unrfrstrictod funds 2022 Restricted funds 2022 Totsl funds 2022 Total funds 2021 Donations Government grants 7,518 7.518 2,858 1,553 7,518 7,518 4,411 Total 2021 2,911 1,500 4,411 Income from charitable activities Unrestricted funds 2022 Total funds 2022 Total funds 2021 Grant income Income from subscriptions Website development income 129,774 1,271 19,750 129,774 1.271 19,750 60,900 708 22,564 150,795 150,795 84,172 Tol812021 84,172 84,172 Income from other trading activities Income from fundraising events Unrestricted funds 2022 Totsl funds 2022 Total funds 2021 Licensing 800 800 1,298 Total 2021 1,298 1,298 Page 12
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expgnditurg on charitsble activities Summary by fund type Unrfrstrictod funds 2022 Rgstrictgd funds 2022 Totsl funds 2022 Total funds 2021 Expenditure on charitable activities 139,909 139.909 139,409 Total 2021 138.909 500 139.409 Summary by expenditure type Depreciation and Staff costs amortisation Other costs 2022 2022 2022 Total funds 2022 Total funds 2021 Expenditure on charitable activities 105,161 6,119 28,629 139,909 139,409 Tol812021 101,780 5,386 32,243 139,409 Analysis of expenditure by activities Support costs 2022 Totsl funds 2022 Total funds 2021 Expenditure on charitable activities 139,909 139.909 139,409 Total 2021 139,409 139,409 Page 13
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expgndituro by activities Icontinuedl Analysis ofsupport costs Totsl funds 2022 Total funds 2021 staff costs Depreciation and amortisation Staff travel and training costs IT costs Website costs 105.161 6,119 529 101,780 5,386 79 5.222 5.985 882 4,533 10,180 858 117 Professional and consulting fees Loss on disposal of fixed asset Office costs Governance costs 12.059 3.952 12,700 3,776 139,909 139,409 Independent examiner's remuneration 2022 2021 Fees payable lo the charitable company's independent examiner for the independent examination of the charitable company's annual accounts Fees payable lo the charitable company's independent examiner in respect of.. Fees payable for the preparation of the charitable company's annual accounts 2,185 2,070 935 832 900 806 Fees payable in respect of other services not included above Page 14
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Stsff costs 2022 2021 Wages and salaries Social security costs other pension costs 96,206 6.720 2.235 93,258 6,405 2,117 105.161 101,780 The average number of persons employed by the charitable company during the year was as follows.. 2022 No. 2021 No. Employees No employee reiVed remuneration amounting to more than £60,000 in either year. Key management personnel of the charity comprise the Trustees and the Chief Executive Officer. Total remuneration in respect of key management personnel for the year ended 31 March 2022 is £65,392 12021.. £66,270). Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits12021- £NILI. During the year ended 31 March 2022, no Trustee expenses have been incurred12021- £NILI. Page 15
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Intsngiblg assets Website dgvglopment Cost At 1 April 2021 14.760 At 31 March 2022 14.760 Amortisation At 1 April 2021 Charge for the year 6,1 $0 4,920 At 31 March 2022 11.070 Net book valuo At 31 March 2022 3,690 At 31 March 2021 8,610 Page 16
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Tangible fixgd assgts Computer equipment Cost or valuation At 1 April 2021 2,398 At 31 March 2022 2,398 Depreciation Charge for the year 1.199 At 31 March 2022 1.199 Net book value At 31 March 2022 1.199 At 31 March 2021 2,398 12. Fixed asset investments Shares in group undertakings Cost or valuation At 1 April 2021 At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 Page 17
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 12. Fixed assgt invg$lment$ Icontinuedl Principal $ubsidiarie$ The following was a subsidiary undertaking of the charitable company.. Namo Company number Registered office or principal Principal activity place of business DIPEX Health Limited 05274826 2 Chawley Park, Cumnor Hill, Oxford, OX2 9GG Dormant company Class of shares Holding Ordinary 100/0 The financial results of the subsidiary for the year were.. Namo Net as$gt$ DIPEX Health Limited DIPEX Health Limited is a dormant company that has not traded throughout the current or prior year. The Trustees have valued the Charity's investment in the company on the basis of their best estimate of the market value of the company. Debtors 2022 2021 Trade debtors 96,211 20.695 25,250 4,596 Prepayments and accrued income 116,906 29,846 Page 18
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Crgditors: Amounts falling dug within one year 2022 2021 Bank overdrafts Trade creditors Other taxation and social security Other creditors Accruals Deferred income 566 3.017 836 66 2,945 809 7,200 58,549 129,960 141.719 69,574 2022 2021 Deferred income al 1 April 2021 Resour$ deferred during the year Amounts released from previous periods 58,549 112.288 {40,8771 46,438 45,940 133,8291 129,960 58,549 Deferred income consists of grant income for modules which were not fully completed at the year end and licence fee income for agreements extending past the year end. Page 19
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ststgmgnt of funds ststomont offunds - curront ygar Balance at 31 March 2022 Balance at 1 April 2021 Income Exponditure Unrestrlcted funds General Funds - all funds 35,621 159.113 1141,3181 53.416 Statement of funds - prior year Balance at 31 March 2021 Balance at 1 April 2020 Transfers inloul Income Expenditure Unrestricted funds Gener81 Funds - all funds 85,649 88,381 1139,4091 1,000 35,621 Restricted funds Restricted Funds- all funds 1,500 15001 11,0001 Totsl offunds 85,649 89,881 1139,9091 35,621 Page 20
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Summary offunds Summary offunds - curront year Balance at 31 March 2022 Balance at 1 April 2021 Income Exponditure General funds 35.621 159,113 1141,3181 53,416 Summary offunds - prior year Balance at 31 March 2021 Balance at 1 April 2020 Transfers inloul Income Expenditure General funds Restricted funds 85,649 88,381 1,500 1139,4091 15001 1,000 11,0001 35,621 85,649 89,881 1139,9091 35,621 17. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2022 Total funds 2022 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 1,199 3,690 1,199 3.690 190,245 190,245 1141,7191 {141,7191 Total 53,416 53.416 Page 21
DIPEX IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. Analysis of ngt a$$gt$ betwegn funds lcontinuedl Analysis of net assgts betwggn funds - prior ygar Unrestricled funds 2021 Total funds 2021 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 2,398 8,610 2,398 8,610 94,186 169,5741 94,186 169,5741 Total 35,621 35,621 18. Pension commitments Pension contributions of £503 were unpaid as at 31 March 2022 (2021.. £4941. 19. Related party transactions On 30 May 2013 DIPEX International (Company Number 085502731 was incorporated. This is a charitable company limited by gLJaranlee. DIPEX is a member of DIPEX International and is liable to pay £1 if the charitable company is wound up. During the year the Charity received £1,56512021.. £1,565) from DIPEX International in respect of services provided. Al the year end there was £261 received from DIPEX Inlernational12021: £2611 which appears within deferred income. During the year the Charity paid £500 12021.. £5001 lo DIPEX International in respect of annual membership fees. Page 22