## **THE CENTRE FOR GLOBAL STUDIES** **DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT** ## **AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2022** **Company No: 4375608 (England and Wales) Charity No: 1094442** ## **THE CENTRE FOR GLOBAL STUDIES** |**CONTENTS**
Administrative information
Report of the directors and trustees
Independent Examiners Report
Statement of financial activities
Balance sheet
Notes to the financial statements|Page
1
2 – 4
5
6
7
9 - 14| |---|---| ## **THE CENTRE FOR GLOBAL STUDIES** ## **ADMINISTRATIVE INFORMATION** **Company Number:** 4375608 Registered in England and Wales **Charity Number:** 1094442 **Registered office:** Nower End Nower Road Dorking Surrey RH4 3BX **Directors and Trustees:** Lord Skidelsky, Chairman Christopher Patrick Phillips Augusta Mary Clarissa Skidelsky **Independent Examiners:** Simone H Freedman (Chartered Tax Adviser) Nower End Nower Road Dorking Surrey RH4 3BX 1 ## **THE CENTRE FOR GLOBAL STUDIES** **COMPANY NUMBER 4375608 (ENGLAND & WALES) DIRECTORS’ AND TRUSTEES’ REPORT** **FOR THE YEAR ENDED 31 MARCH 2022** The members of the board, who are trustees for the purpose of charity law and directors of the company for the purpose of company law, present their report and financial statements for the year to 31 March 2022 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** The Centre for Global Studies is a registered charity (no.1094442) and is constituted as a company (no.4375608) limited by guarantee. The company information set out on page 1 forms part of this report. The Centre for Global Studies is governed by its Memorandum and Articles of Association. ## **Method of Appointment or Election of Trustees** The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. ## **Organisational Structure and Decision Making** The charity is governed by the trustees who meet four times a year however the day to day operations for the organisation of its educational programmes are administered by a full time researcher. ## **Risk Management** The trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. ## **OBJECTIVES AND ACTIVITIES** ## **Policies and Objectives** The principal object of the company is the advancement of the education of the public in the economic, social and political sciences. The trustees seek to achieve the objectives of the charity through the study of markets and the social framework within which they operate both in the United Kingdom and internationally with particular emphasis on the provision of research and its dissemination for the public benefit. The trustees have had regard to the guidelines issued by the Charity Commission relating to public benefit and are satisfied that the charity confers a public benefit. ## **Investment Policy and Performance** The trustees seek to fund activity on an annual basis and therefore do not generate funds requiring investment other than for comparatively short periods. 2 **CENTRE FOR GLOBAL STUDIES** ## **DIRECTORS’ AND TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2022 (Contd)** ## **Activities for Achieving Objectives** The main methods used by the charity to further its objectives are the organization of educational conferences, lectures, and publication of works of research. The Covid‐19 lockdown, which started in March 2020, imposed a complete cessation of person to person events. The activities of the charity were necessarily confined to research, publication, media interviews, and virtual lectures/conferences. All the activities which follow were made possible by research and logistic support provided by the Centre for Global Studies. ## **Research** The Centre has continued to provide research support for Robert Skidelsky’s major writing project entitled _Humans and Machines: A Troubled Relationship._ The first draft of this bookhas been completed and is now with the publishers. _, Allen Lane_ (UK) _and Thee Other Press_ (USA). Robert Skidelsky, ‘Is Technological Progress Inevitable?’, The Routledge Handbook of Smart Technologies, pp.17‐30, to be published in early 2023. ## **Publications** Robert Skidelsky has continued to contribute a _monthly column_ to Project Syndicate. The Covid ‐19 lockdown of 2021 imposed a partial cessation of person‐to‐person events. The Centre's main activity in 2021‐1 was to provide research support for Robert Skidelsky's major writing project, entitled Humans and Machines: A Troubled Relationship, The first draft of this book was submitted to the publishers in the year 2020‐21. A revised draft was submitted in January 2022. It has been accepted, and publication by Allen Lane (UK) and The Other Press (USA) is scheduled for early 2023. In addition, Robert Skidelsky has performed guest lectures at various institutions, notably one at Maastricht University, 'The Human Condition in the Age of Machines' 8 November 2001, and taken part in various academic roundtables, notably at the Nexus Annual Conference, 'Revolution of Hope', in Amsterdam on 20 November 2021. Robert Skidelsky, Chairman 3 THE CENTRE FOR GLOBAL STUDIES IREC DTR ES. REP R THE YEAR ENDED 31 MARCH 2022 Contd NANC EVIEW The ¢harlty's financial positlon at the end of the year endod 31 March 2022 Th8 financial posibon of thè tharity al 31 PA8rch 2022 *)d e<>mparativ85 for the pri￿ parlod, as mcwe lully detailed in the accounts, ean be summadsed as follow8:_ 2021 N•t l•xpondliur•Vlnconh• 15.017 Vnrestrkled Revenue FwKl$ avolablè fty Ihe general purpo8es of the tharity 25.820 43.721 Totsl F4thd• 40.OJ7 43.722 Flnanclal revlew of the po¥lllon at the roportlng dato, 31 March 2022 The Irustefjs ¢onsNJor the finandal performance by Ihg c*barlty during the year to have b90n 68ti8tsclory. RoS•r¥￿ Pall¢y The policy of the tr￿1•8815 to maintain a suffioenl wnount in r88erves in order lo maintaln stabllity for the Centre for Global s￿dI*S. At Ihe present timo I￿ ￿1 of reserves represents approxlmately 2 monlhs, operaling costs. Lord Skldelsky Chalrman THE CENTRE FOR GLOBAL STUDIES ENDENT EXAMINERS REPORT TO THE TRUSTEES OF CENTR OR GLO DI Repori ol the Independent Examinr to the Trt￿t￿ of the charitable company on Ihe accounts lor Ihe year ended 31 March 2022 Re5pon5ibllit105 and basls of report AS Ihe ¢1i8rily's Irusle¢$, w are respoi)sible Ihg preparat￿n ol Ihe ￿)unts in accordanc¢ wilh Iho reouiiemenls ol tho Charlies Act 20111lhe Acri. Indepenthnt oxaminer's Statement I hav• comp￿ted my examinat￿￿. I confim that no mal•rbèl rnatl8rs ha￿ eom# lo my allenbon in connection wlh Ihe exarninalion lolhef than Ihal di5cbsed bebw'lwhich gwes me cause to believe thal in, any rnalerial respect.. Ihe a￿Oun11n9 records were nol kepl in a¢¢c*rdance wilh sedrfjii 130 01 the Ch3ri11o$ Acl,. or Ihg account5 dbj not acc￿￿ with Ihe accountirvj record$'. or lh• accounts dK1 not compty wilh the appIrab￿ requtremenls concemry Ihe fom and conlenl of Kcoynts sel oul in Ihg Charil*s IAccwn15 aTrJ Rgportsl Regulations 2008 other Ihan any roquiromttni Ihai the 8¢counls give a'tru• ant1 fal¢ t418w whth r& not a malter Jn5kl¢red as part ol an ithpendenl examinal¥Jn. I have no cC￿m$ and have comb across other matlors in connecl•)n the examination to whlch attenlKJn shouky be drawn ￿ Ihis rermyt in or(l¢r lo en*lB a wop•r ￿d•l$lar￿ln9 ol lh8 accounts to be reached. Sk(+ Slmone Freedman- Independent Examiner Chariér•d Tox A¢fvknr Nower EIKI Now¢r Road Doiklng. Surrey RH4 38X This fèport was s￿ned on zl Z0è2 ## **CENTRE FOR GLOBAL STUDIES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ## **SUMMARY INCOME & EXPENDITURE ACCOUNT** ||||**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|
**Total funds**|**Prior year**
**funds**| |---|---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**|**£**| |**Income(Note 3)**|||F01|F02|F03|F04|F05| |**Income and endowments from:**|||||||| |Donations and legacies|||100,000|-|-|100,000|50,000| |Charitable activities|||-|-|-|-|-| |Other trading activities|||-|-|-|-|-| |Investments|||-|-|-|-|-| |Separate material item of income|||-|-|-|-|-| |Other|||-|-|-|-|-| |**_Total_**|||100,000|-|-|100,000|50,000| |**Expenditure(Notes 4)**|||||||| |**Expenditure on:**|||||||| |Raising funds|||-|-|-|-|-| |Charitable activities|||61,782|-|-|61,782|54,809| |Separate material expense item|||||||| |Other|||23,202|-|-|23,202|13,092| |**_Total_**|||84,983|-|-|84,983|67,901| ||||||||| |**Net income/(expenditure) before tax**
**for the reporting period**|||15,017|-|-|15,017|17,901
-| |Taxpayable|||-|-|-|-|-| |**Net income/(expenditure) after tax**
**before investmentgains/(losses)**|||15,017|-|-|15,017|17,901
-| |Net gains/(losses) on
investments|||-|-|-|-|-| |**Net income/(expenditure)**|||15,017|-|-|15,017|17,901
-| |**Extraordinary items**|||-|-|-|-|| |**Transfers between funds**|||-|-|-|-|-| |**Other recognised** **gains/(losses):**|||||||| |Gains and losses on revaluation of fixed assets for the
charity’s ow n use|||-|-|-|-|-| |Other gains/(losses)|||-|-|-|-|-| |**_Net movement in funds_**|||15,017|-|-|15,017|17,901
-| ||||||||| |**_Reconciliation of_**
**_funds:_**|||||||| |Total funds brought forw ard|||25,820|-|-|25,820|43,721| |**_Total funds carried forward_**|||40,837|-|-|40,837|25,820| ||||||||| 6 THE CENTRE FOR GLOBAL STUDIES TATEMENT OF FIN NCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 LAN R•*rfctad UnTo*l¢l•d Incom? lund• JndB Endowm•nt Totsl th1• nd• ar Totsl Iz Flxed assats Intsngiblo as88¢8 Tanglble a880ts Herltago a￿ts Investn*nts F01 F02 f03 F04 FOS (Note 151 INots 61 INote 161 (Note 17) Tot•ll1x￿•ss•lS Current asse18 C•Jh at bank and In hand INot8 71 TotAI ¢urr•rtl •ss•ts 630 630 1,356 42,233 42.233 42,233 42,233 32,339 Crndltors: an￿untI l•lllny du• wlthln 4)n• 5•ar (Not• 81 2,tr26 2,028 7,875 Netcwr¢DI •Mg¢rfll•bllltlo•) 40.207 40,207 24,464 Totsl•ssgts curr•nt Il•blllll ,837 25.820 Cr•dltor•: an))unts falllng du• aftor on• Total not Bssets orll&blllll•¥ Funds of the Charlty Endovm*nt fub)dJ 40.837 40,&37 Re8trlct•d Ineorrn funds Unr•¥trld•d fund• 40,837 40,837 2S,820 Revaluatlon ro#•rv• Falr valu• r•Mrv• Tol•lfundJ 40,837 40.837 company enlrtladlo 6x6mptlon fiDm unders477 ollhe Companos Act 2(X)6 re18br*J lo smal Com￿￿18$. Th& rnembgfr5 have not reguiredlhe comp8ny to >ain en a£NJit In 8ccord8nGe ¥¥th s8c1ti7n 476 01 Ihe Companles Act 26￿6, The ditpctors 8cknovledgg their responsitslitles lorcomptying wih Ihe r8quiremenls of Ihe Companles Act ¥4lh resp6cI lo acGountyrg r8c(xd$ 8nd theprnparnllon 01￿Count￿. Thes8 occounls have be6npwaredin aCco￿anCe lh8 provlslons 8pplrable to smamcompanbs subi8cI lo Ihg sm8N companos fggkne 4ndln 8wd8n¢g wth FRS102 SORP. Slgr& by onB Intsiee8ldirtsciurn on i￿￿10f￿1 lru3le￿dlraclQr0 D818 of Prinl Name ddlmmly Lord Ro￿rt Skidelsky 07 Sitywturè ddi￿lor￿JI1￿￿IlcatirvJ 8ccwnts lo SbJnalwe Dale ddlmrnlyyyy Lortl Robert S￿de1$￿ ## **THE CENTRE FOR GLOBAL STUDIES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ## **Notes to the accounts** ## **Note 1. Basis of preparation** These accounts have been prepared under the historical cost convention with items recognised at cost of transaction value unless otherwise stated in the relevant notes to the accounts. The accounts have been prepared in accordance with the statement of recommended practice: Accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. There are: - no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern - no changes to accounting estimates in the reporting period (3.46 FRS 102 SORP) - - no material prior year errors in the reporting period (3.47 FRS 102 SORP). ## **Note 2 . Accounting policies** 2.1 INCOME Recognition of income – This is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources Offsetting - There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations - Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Legacies - Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants - The charity has not received government grants in the reporting period Tax reclaims on donations and gifts - The charity is not registered for Gift Aid on donations Contractual income and performance related grants - This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods - Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Donated services and facilities - Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably Support costs - The charity has incurred expenditure on support costs. Income from interest, royalties and dividends - This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Investment gains and losses - This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 8 **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ## **CENTRE FOR GLOBAL STUDIES** ## **Notes to the accounts (Cont’d)** ## 2.2 EXPENDITURE AND LIABILITIES Liability recognition- Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs - Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions - Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions - Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost - The charity made no redundancy payments during the reporting period. Deferred income - No material item of deferred income has been included in the accounts. Creditors - The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities - A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments - The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. ## 2.3 ASSETS Tangible fixed assets for use by charity - These are capitalised if they can be used for more than one year, and cost at least £200. They are valued at cost. The depreciation rates and methods used are disclosed in note 6. 9 ## **THE CENTRE FOR GLOBAL STUDIES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ## **Notes to the accounts (Cont’d)** ||**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**| |---|---|---|---|---|---|---| |**Note 3**|
**Income**|||||| ||**Analysis of income**|**Unrestricte**
**d funds**|**Restricted**
**income**
**funds**|**Endowmen**
**t funds**|**Total funds**|**Prioryear**| ||||||**£**|**£**| |**Donations**
**and**
**legacies:**|Donations and gifts|100,000|-|-|100,000|50,000| ||Gift Aid|-|-|-|-|-| ||Legacies|-|-|-|-|-| ||General grants provided by
government/other charities|-|-|-|-|-| ||Membership subscriptions and
sponsorships which are in substance
donations|-|-|-|-|| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other|-|-|-|-|| ||**Total**|100,000|-|-|100,000|50,000| |||||||| |**Charitable**
**activities:**||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |**Other**
**trading**
**activities:**||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |**Income from**
**investments:**|Interest income|-|-|-|-|-| ||Dividend income|-|-|-|-|-| ||Rental and leasing income|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |**Separate**
**material item**
**of income**||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |**Other:**|Conversion of endowment funds into
income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset
held for charity's own use|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
property rights|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |**TOTAL INCOME**||100,000|-|-|100,000|50,000| 10 ## **THE CENTRE FOR GLOBAL STUDIES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ## **Notes to the accounts (Cont’d)** |**Note 4 Expenditure**|**Note 4 Expenditure**|**Note 4 Expenditure**|||||| |---|---|---|---|---|---|---|---| ||||||||| |**Expenditure on**
**charitable**
**activities**|Wages and salaries||46,614|-|-|46,614|45,697| ||Travel and subsistence||14,799|-|-|14,799|8,941| ||Grants made||369|-|-|369|171| ||||-|-|-|-|-| ||**Total expenditure on charitable**
**activities**||61,782|-|-|61,782|54,809| ||||||||| ||||||||| |**Other**|Premises expenses||-|-|-|-|-| ||Telephone and internet||1,666|-|-|1,666|1,458| ||Printing, postage and stationery||2,950|-|-|2,950|3,101| ||Subscriptions and information||1,190|-|-|1,190|1,334| ||Repairs and maintenance||1,015|-|-|1,015|26| ||Liability and contents insurance||-|-|-|-|-| ||Bank charges||-|-|-|-|-| ||Professional Fees||8,365|-|-|8,365|4,802| ||Resources||7,289|-|-|7,289|1,644| ||Depreciation||726|||726|726| ||**Total other expenditure**||23,202|-|-|23,202|13,091| ||||||||| |**TOTAL EXPENDITURE**|||84,983|-|-|84,983|67,900| 11 ## **THE CENTRE FOR GLOBAL STUDIES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ## **Notes to the accounts (Cont’d)** |**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**| |---|---|---|---|---| |**Note 5 Paid employees**||||| |||||| |**5.1 Staff Costs**||||| ||||**Thisyear**|**Lastyear**| ||||**£**|**£**| |**Salaries and wages**|||45,445|44,400| |**Social security costs**|||-|-| |**Pension costs(defined contribution scheme)**|||1,169|1,200| |**Other employee benefits**|||-|97| |**Total staff costs**|||46,614|45,697| |**Thisyear:**||||| |**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related**
**party**|||**N/a**
|| |**Lastyear:**||||| |**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related**
**party**|||
**N/a**|| |||||| |**_Please give details of the number of employees whose total employee benefits (excluding employer_**
**_pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such_**
**_transactions, please enter 'true' in the box provided._**||||| |**No employees received employee benefits (excluding**
**employer pension costs) for the reporting period of more**
**than £60,000**|||**N/a**|| |||||| |**Band**|||**Number of employees**|| ||||**Thisyear**|**Lastyear**| |**£60,000 to £69,999**|||-|-| |**£70,000 to £79,999**|||-|-| |**£80,000 to £89,999**|||-|-| |**£90,000 to £99,999**|||-|-| |**£100,000 to £109,999**|||-|-| |||||| |||||| ||||**Thisyear**|**Lastyear**| ||||**£**|**£**| |**Pleaseprovide the total amountpaid to key management**|||-|-| |||||| |**5.2 Average head count in the year**|||**Thisyear**|**Lastyear**| ||||**Number**|**Number**| |**The parts of the charity in which the**
**employees work**||**Fundraising**|-|-| |||**Charitable Activities**|-|-| |||**Governance**|3|3| |||**Other**|-|-| |||**Total**|3|3| |**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**| |---|---|---|---|---| |**Note 5 Paid employees**||||| |||||| |**5.1 Staff Costs**||||| ||||**Thisyear**|**Lastyear**| ||||**£**|**£**| |**Salaries and wages**|||45,445|44,400| |**Social security costs**|||-|-| |**Pension costs(defined contribution scheme)**|||1,169|1,200| |**Other employee benefits**|||-|97| |**Total staff costs**|||46,614|45,697| |**Thisyear:**||||| |**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related**
**party**|||**N/a**
|| |**Lastyear:**||||| |**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related**
**party**|||
**N/a**|| |||||| |**_Please give details of the number of employees whose total employee benefits (excluding employer_**
**_pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such_**
**_transactions, please enter 'true' in the box provided._**||||| |**No employees received employee benefits (excluding**
**employer pension costs) for the reporting period of more**
**than £60,000**|||**N/a**|| |||||| |**Band**|||**Number of employees**|| ||||**Thisyear**|**Lastyear**| |**£60,000 to £69,999**|||-|-| |**£70,000 to £79,999**|||-|-| |**£80,000 to £89,999**|||-|-| |**£90,000 to £99,999**|||-|-| |**£100,000 to £109,999**|||-|-| |||||| |||||| ||||**Thisyear**|**Lastyear**| ||||**£**|**£**| |**Pleaseprovide the total amountpaid to key management**|||-|-| |||||| |**5.2 Average head count in the year**|||**Thisyear**|**Lastyear**| ||||**Number**|**Number**| |**The parts of the charity in which the**
**employees work**||**Fundraising**|-|-| |||**Charitable Activities**|-|-| |||**Governance**|3|3| |||**Other**|-|-| |||**Total**|3|3| 12 ## **THE CENTRE FOR GLOBAL STUDIES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ## **Notes to the accounts (Cont’d)** |**Note 6 Tangible fixed assets**|**Note 6 Tangible fixed assets**|**Note 6 Tangible fixed assets**|**Note 6 Tangible fixed assets**|**Note 6 Tangible fixed assets**|| |---|---|---|---|---|---| ||||||| |**6.1 Cost or valuation**|||||| ||**Freehold land &**
**buildings**|**Other land &**
**buildings**|**Plant, machinery**
**and motor vehicles**|**Fixtures, fittings and**
**equipment**|**Total**| ||**£**|**£**|**£**|**£**|**£**| |At the beginning of
the year|-|-|-|13,217|13,217| |Additions|-|-|-|-|-| |Revaluations|-|-|-|-|-| |Disposals|-|-|-|-|-| |Transfers *|-|-|-|-|-| |At end of the year|-|-|-|13,217|13,217| |**6.2 Depreciation and impairments**|||||| |****Basis**|SL or RB
(Straight Line or
Reducing
Balance)|SL or RB|SL or RB|SL|SL or RB| |**** Rate**||||25%|| ||||||| |At beginning of the
year|-|-|-|11,861|11,861| |Disposals|-|-|-|-|-| |Depreciation|-|-|-|726|726| |Impairment|-|-|-|-|-| |Transfers*|-|-|-|-|-| |At end of the year|-|-|-|12,587|12,587| ||||||| |**6.3 Net book value**|||||| |Net book value at the
beginning of the year|
-|-|-|1,356|1,356| |Net book value at the
end of the year|
-|-|-|630|630| ||||||| 13 ## **THE CENTRE FOR GLOBAL STUDIES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ## **Notes to the accounts (Cont’d)** |**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**||| |---|---|---|---|---| |
**Note 7 Cash at bank and in hand**||||| ||||**Thisyear**|**Lastyear**| ||||**£**|**£**| |**Short term cash investments(less than 3 months maturity date)**|||-|-| |**Short term deposits**|||-|-| |**Cash at bank and on hand**|||42,233|32,339| |**Other**|||-|-| |**Total**|||42,233|32,339| |||||| |**Note8Creditors and accruals**||||| |||||| |**8.1 Analysis of creditors**||||| ||||**Amounts falling due**|| ||||**Thisyear**|**Lastyear**| ||||**£**|**£**| |**Accruals forgrantspayable**|||-|-| |**Bank loans and overdrafts**|||-|-| |**Trade creditors**|||1,324|7,000| |**Payments received on account for**
**contracts orperformance-relatedgrants**||||-| |**Accruals and deferred income**||||-| |**Taxation and social security**|||702|875| |**Other creditors**||||-| |**Total**|||2,026|7,875| |||||| |**Note9 Transactions with trustees and relatedparties**||||| |**9.1 Trustee remuneration and benefits**||||| |**None of the trustees have been paid any remuneration or received any other benefits from an**
**employment with their charity or a related entity**||||| |**9.2 Trustees' expenses**||||| |||||| |**Trustee expenses have been incurred**||||| |||||| |**Type of expenses reimbursed**|**Thisyear**||**Lastyear**|| ||**£**||**£**|| |**Travel and subsistence**|**14,799**||**8,941**|| |||||| |**TOTAL**|**14,799**||**8,941**|| |||||| |**There was one Trustee who was reimbursed for expenses or who had expenses paid by the**
**charity**||||| |||||| |**9.3 Transaction with relatedparties**||||| |**There have been no relatedparty transactions in the reporting period**||||| |**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**|**Notes to the accounts (Cont’d)**||| |---|---|---|---|---| |
**Note 7 Cash at bank and in hand**||||| ||||**Thisyear**|**Lastyear**| ||||**£**|**£**| |**Short term cash investments(less than 3 months maturity date)**|||-|-| |**Short term deposits**|||-|-| |**Cash at bank and on hand**|||42,233|32,339| |**Other**|||-|-| |**Total**|||42,233|32,339| |||||| |**Note8Creditors and accruals**||||| |||||| |**8.1 Analysis of creditors**||||| ||||**Amounts falling due**|| ||||**Thisyear**|**Lastyear**| ||||**£**|**£**| |**Accruals forgrantspayable**|||-|-| |**Bank loans and overdrafts**|||-|-| |**Trade creditors**|||1,324|7,000| |**Payments received on account for**
**contracts orperformance-relatedgrants**||||-| |**Accruals and deferred income**||||-| |**Taxation and social security**|||702|875| |**Other creditors**||||-| |**Total**|||2,026|7,875| |||||| |**Note9 Transactions with trustees and relatedparties**||||| |**9.1 Trustee remuneration and benefits**||||| |**None of the trustees have been paid any remuneration or received any other benefits from an**
**employment with their charity or a related entity**||||| |**9.2 Trustees' expenses**||||| |||||| |**Trustee expenses have been incurred**||||| |||||| |**Type of expenses reimbursed**|**Thisyear**||**Lastyear**|| ||**£**||**£**|| |**Travel and subsistence**|**14,799**||**8,941**|| |||||| |**TOTAL**|**14,799**||**8,941**|| |||||| |**There was one Trustee who was reimbursed for expenses or who had expenses paid by the**
**charity**||||| |||||| |**9.3 Transaction with relatedparties**||||| |**There have been no relatedparty transactions in the reporting period**||||| 14