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|Members ofthe board|and professional|advisers||
|---|---|---|---|
|Trustees'
annual
report|||4-9|
|Statement oftrustees'|responsibilities|||
|Independent
auditor's|report||11-14|
|Statement offinancial|activities||19|
|Balance sheet||||
|Statement ofcash flows|||17|
|Notes tothe financial statements|||18-26|
##
|The hoard oftrustees|i Radcllff (Resigned 17|May 2023)|
|---|---|---|
||R P Dennis||
||D K Mosley||
||E L McMurtry||
||JS Les||
||K Perera||
||5 LThorp||
|Comps ny secretary|E L McMurtry||
|Scientific committee|R Falconer||
||Dr G McDowell||
||Prof M Slevin||
||Dr lan Pike||
||C Quinn||
||Prof 3Sweeney||
|Sdentific director|Dr D Pye||
|Relgstered office|Alumni
House||
||Acton Square||
||Salford||
||M5 4NY||
|Auditors|Mitchell Charlesworth|(Audit) Limited|
||Chartered
Accountants||
||Statutory
Auditor||
||3rd Floor||
||44 Peter Street||
||Ma n chester||
||M2 5GP||
|Bankers|Barelays Bank pic||
||PO Box357||
||5th Floor||
||M os lay Street||
||Ma n chester||
||M60 2AU||
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|||Unrestricted||Total|Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|
|||Funds|Restricted|Funds|Funds|Funds|Total Funds|
||||Funds|2023|||2022|
||Here|E|t|f|6|E|6|
|Income from:||||||||
|Donations
and legacies|4|128,229|115W3|243,872|132,037|55,509|187,546|
|Income from trading|5|49,14$||49,148|74,614||74,614|
|activities||||||||
|Grants received|||||17,140||17,140|
|Investment
income|6|||1,265|47||47|
|Total income||178,642|115,643|294,285|223,838|55,509|279,347|
|Expenditure on:||||||||
|Raising funds|7|179,733|17,120|196,853|234,832|14,488|249,320|
|Charitable
activities|8|11,244|23,979|35,223|35,374|84,330|119,704|
|Tata Iexpenditure||190,977|42~|292,076|270,206|98,818|369,024|
|Net||||||||
|income/(expenditure)||l12.335)|74~|62.209|(46,368)|l43,309)|l89,677)|
|Recondgatlon
of||||||||
|funder||||||||
|Total funds brought
forward||79,$73|47~|127r497|126,241|90,933|217,174|
|Transfer offunds||||||||
|Tata Ifunds carrfed||||||||
|forward||67,538|122,168|189,706|79,873|47,624|127,4'97|
##
##
|1Iuly 20|2|3||||
|---|---|---|---|---|---|
||||||2022|
||||Note|||
|Current assets:||||||
|Stocks|||12|1883|2,445|
|Debtors|||13|16,786|18,615|
|Cash at bank||||230,697|269,822|
|Totalcurrent||assets||249,466|290,882|
|lfabllltless||||||
|Creditors: falling due within one year|||14|(28~I|l134,724l|
|Net current|assets|||221,443|156,158|
|provisions||||||
|USS pension||scheme degcit recovery||||
|plan||||(31,737l|l28,661)|
|Net assets||||189,706|127,497|
|The funds ofthe charity:||||||
|Unrestrirted||income funds|16|67,538|79,873|
|Restricted|income funds||16|122,168|47,624|
|Totalfunds||||189,706|127,497|
|tatement ofCash Flow
1july 2023|s|||||
|---|---|---|---|---|---|
||||||2022|
||||Note||f|
|Cash expended
in operating activities|||18|(40,390l|(111,439 I|
|Cash flows from investing|activities|||||
|Interest income|||||47|
|Decrease in cash and cash|equivalents|||||
|for the year||||(39,125l|l111,3921|
|Cash and cash equivalents|at the|||||
|beginning
ofthe year||||269,822|381,214|
|Totalcash and cash equivalents||atthe||230,697|269,822|
|end ofthe year||||||
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||wound
u|p,|the|liability
in|respect o|fthe guar|antee|is limit|ed to11|per truste|e o|fthe charity,||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Income|||||||||||||
||fram|||||||Total|||||Tote
I|
||donations||Vnrestrlcted||Restricted|||funds|0nrestrktad||Restricted||funds|
||and
legacies|||funds
f||fundsf||2023f||funds
f||funds
f|2022f|
||Gifts|||128429|115,643|||243,S72|132,D37|||55,509|187,546|
|||||128429|115,643|||243,S72|132,D37|||55,509|187,546|
||Income of|f115,643(2022:f55,509)||||was received||for restricted purposes.||||||
||The charity|benefits greatly|||from the involvement|||and enthusiastic||support|of|its many volunteers.
In||
||accordance|with||FRS 102|and the|Charities|SORP IFR5||102), the|economic||contribution|of general|
||volunteers|is|not|recognised|in the accounts.|||||||||
|3.|Income from||other trading||activities|||||||2023|2022|
|||||||||||||f|IE|
||Events|||||||||||5.221|27,159|
||Street/Stadium||«ogections|||||||||2.714|4,528|
||Placed collection|||tins||||||||41,213|42,927|
|||||||||||||49,148|74,614|
##
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|||Basis of|Oonngens||Stodent/Co||Trusts|dr|||
|---|---|---|---|---|---|---|---|---|---|---|
|||agocatrnn|a tegocles|grouts|eunueity|Placed tins|Foundations||2023 Tend|2022 Total|
|Costa
dree tly|||||||||||
|allocated to actidticm|||||||||||
|Stag'Costs||Dimct|65371|11,616|28329||12,032||142,125|1&7,028|
|Catering
/ Hospitably||D unct||||||||29|
|Event
/ Room Hire||Ducat|93/ip|2267|||||114127|9,756|
|Printing
/ Publicity||Dlmct|95|1,017|191||||1303|12,793|
|Travel dc Espenses||Dimct||4317|301|2,766|||7384|3,508|
|Ceo eral Con sums bise||D unct|||262|740|||15192|2342|
|Aude Fee||Ducat|||||||||
|Rccruitrncnt
Fccs||Dlmct|||||||||
|Inter.st||Direct|||||||||
|Supgort Casts|||||||||||
|auocesed to actidtles|r||||||||||
|Insurance||StatTCosts|1,007|179|439|379||185|2,109|1424|
|Travel dc Espenses||Stag Costs||||||||Il|
|Conceal Oflice Costs||Stag Casts|10356|1/76|4607|3,969||1,943|22rr5 1|22,990|
|M a drat in 8 d. Pub laity||StaBCosts|Id66|296|727|626||306|34121|3,716|
|Sodwarc/W ebsitc||StatTCosts|2, 1401|380|934|805||394|4/653|5623|
|Total tape nd tare|||90,195|21,948|35,990|332010|142010||196v854|2411320|
##
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|8.|Charitable|activities|||Total|||Tots
I|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|funds|Unrestricted|Restricted|funds|
||||funds
f|funds
E|2023
6|fund s
f|funds
f|2D22f|
||Research grants||I5,016)|23,979|18,961|22,716|84,330|107,046|
||Governance|costs|16460||16,260|12,658||12,658|
||||11~|23,979|35,221|35,374|84,330|119,704|
||Governance cost analysis:|||Total|Tote I|
|---|---|---|---|---|---|
||||Basisof|2023|2022|
||Costs directly allocated to activities:||allocation|E|f|
||Staff costs||Direct|1,990|2,304|
||Audit fee||Direct|24)77|2,400|
||Re«ruitment
fees||Direct|10,176|7,200|
||interest||Direct|949|337|
||Support costs allocated to activities:|||||
||Insurance||Staff costs|31|19|
||General office costs||Staff costs|317|283|
||Marketing
fk publicity||Staff costs|51|46|
||Software/web
site||Staff costs|69|69|
||Total expenditure|||16,260|12,658|
|9.|Analysis ofstaff costs, trustee remuneration|and expenses|||2022|
||||||f|
||Salaries and wages|||120499|188,413|
||Socia I security costs
Pension costs|||9J)24
9~|f12,211)
23,545|
||Pension deficit plan provision|||2,127|I10,415)|
||Redundancy
costs|||22)SS||
|||||144,113|189,332|
##
|Staff numbers|||2023|2022|
|---|---|---|---|---|
|The average number|ofadministration|staff in the charity was as|||
|follows:|||||
|Hcadcount|||||
|Full time equivalent|||4.2|6.6|
|12,|Stock|||2023|2022|
|---|---|---|---|---|---|
||||||E|
||Promotional|merchandise||1,$77|1,837|
||Clothing||||608|
||||||2,445|
|||||2023f|2022
f|
||Prepayments|and accrued income||16,786|18,615|
|||||16,786|18,615|
|14.|Creditors: amounts||falling due within one year|2023f|2022
f|
||Other creditors|||13,933|80,836|
||Accruals|||13,400|32,692|
||Deferred income|||670|1,236|
|||||28,023|134,724|
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|Deferred income:||||||
|---|---|---|---|---|---|
|Deferred income as at|1August 2022|||1,236|6,389|
|Released from previous|year|||(1P'%)|(6,589)|
|Income deferred
in year||||670|1,236|
|Deferred income as at|31July 2023|||670|1,236|
|*tthe balance sheet date, the charity||was holding
funds|received
in advance|in respect of events taking||
|place later in 2023/24.||||||
|Commitments||||2023f|2022
E|
|At the reporting
end date the company||had commitments|in respect of|||
|grants payable as follows:||||||
|Within one year||||36,712|49,544|
|After one year||||25,000||
|||||61,712|49,544|
|Analysfs ofcharnable|funds|||||
||Balance|Incoming|Resources||Balance|
||01/08/2022|resources|expended|Transfers|31/07/2023|
||6|6|6|6|E|
|IJnrestrlcted
funds:|79,873|178,642|190,977||67,538|
|Re strfct
ed funds:||||||
|Gracie's Goal Fund|4,'964||||4,964|
|Tim Bacon Foundation|12,412||(12,412)|||
|M/cr Guardian
Society|||2,126||4,030|
|The Grand Trust|1,904||(13,693)||3,172|
|VKH Foundation|||||3,500|
|General Research||33422|(4cf23)||452|
|Student Place ments
Pump Priming|9,115|7,750
3~|(4,707)||19,657
10,500|
|Core Costs
Ambassador
Prog|5,365
13,864|30JOD
10~|(7~)||7,500
22,500|
|PhD Research||108M|||45r893|
|Education
Programme||202)81|||4,964|
||47,624|115AI43|(41,099)||122,169|
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|Reconciliation ofn|et movement||in funds tonet cash flow from|operating expenses||
|---|---|---|---|---|---|
|||||2023|2022|
|||||6|E|
|Net movement
in funds||||62,209|(89,677)|
|(Decrease)/Increase|in provislons|||3,076|(10,079)|
|Deduct interest income shown||in|investing activities|(1,265)|(47)|
|Decrease/(increase)|in stock||||(1,231)|
|Decrease/(increase)|in debtors|||1,829|(2,431)|
|(Decrease)/Increase|in creditors|||(106,701)|(7,974)|
|Net cash generated|in operating||acthrities|(40,390)|(111,439)|