2021-12-31-accounts

THE SCIENTIFIC AND MEDICAL NETWORK

(Company limited by Guarantee No. 04544694 Registered Charity no. 01101171) REPORT AND FINANCIAL STATEMENTS

YEAR ENDED: 31[st ] DECEMBER, 2021

DAWE, HAWKEN & DODD Chartered Certified Accountants Callington, Cornwall.

THE SCIENTIFIC AND MEDICAL NETWORK (Company limited by Guarantee No. 0454494, Registered Charity No. 1101171) REPORT & FINANCIAL STATEMENTS YEAR ENDED 31[st] DECEMBER, 2021

CONTENTS

	Page
Legal and Administrative Information	1
Board of Trustees’ Report	2-4
Independent Examiner’s Report	5
Statement of Financial Activities	6
Balance Sheet	7
Cash Flow Statement	8
Notes to the Financial Statements	9-15

1.

THE SCIENTIFIC AND MEDICAL NETWORK

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31[st] DECEMBER 2021

President

Professor Bernard Carr

MA, PhD

Vice Presidents

Professor John Clarke Diana Clift Professor Marilyn Monk

Claudia Nielsen Martin Redfern

BA, MA MA, MPhil Emeritus Professor of Molecular Embryology, PhD, MSc MA BA

Board of Trustees

Dr. Edi Bilimoria Dr. Paul Filmore (Chair) Richard Irwin (resigned 12 Sept 2021)

DPhil, CEng, Eurlng, FlMechE, FRl, FEl, CertHE PhD, MBA, MInstPhys, CPhys, FHEA, FRSA BA (Hons), MloD

Paul Kieniewicz

Jose Montemayor Jaqueline Nielsen (sp) Tuvi Orbach Dr. Joan Walton

Dr V Basios

BSc, MA Astronomy, MSc Geophysics BA, MA BA, BL BSc, MBA PhD, MSocSci, DipSW, CQSW, BA(Hons) BSc, MSc, PhD

Company Secretary Treasurer

Nicholas David Pilbrow Paul Filmore

FCA

PhD, MBA, MInstPhys, CPhys, FHEA, FRSA

Programme Director & Editor of "Network Review" David Lorimer MA, PGCE, FRSA Consultant to The Board Dr. Oliver Robinson MA, MSc, PhD Network Manager Andrew Polson MA Accounts Chiara Reghellin PhD Company Reg. No. 04544694 Charity Reg. No. 1101171 Registered Office 52 Fore Street Callington Cornwall, PL17 7AJ Independent Examiner A. M. Farr, FCCA Dawe, Hawken & Dodd Chartered Certified Accountants 52 Fore Street Callington Cornwall, PL17 7AJ Bankers Barclays Bank Plc

CAF Bank

2.

THE SCIENTIFIC AND MEDICAL NETWORK

BOARD OF TRUSTEES’ REPORT

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

The Board of Trustees, who are also Directors of the Company for the purposes of the Companies Act, and Trustees for charity law purposes, submit their annual report and the financial statements of The Scientific and Medical Network for the year ended 31[st] December, 2021. The Board of Trustees confirms that the annual report and financial statements of the Company comply with current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Practice (FRS 102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Legal Status

The Scientific and Medical Network is a company limited by guarantee and governed by its Memorandum and Articles of Association. The Directors of the Company are Trustees in accordance with the Charities Act 2011.

Risk Assessment

The Directors review financial and other risks when appropriate and have established procedures to ensure that all transactions and projects are properly authorised.

Directorate and Members' Interests

The Directors of the Company on 1[st] January, 2021 were Mr. Richard Irwin, Dr. Paul Filmore (Chairman), Dr. Edi Bilimoria, Ms. Jaqueline Nielsen, Mr. Paul Kieniewicz, Mr. Jose Montemayor, Mr. Tuvi Orbach, Dr Joan Walton & Dr. V. Basios. At the Annual General Meeting of the Company held on 12 September 2021, Edi Bilimoria, Jacqueline Nielsen and Joan Walton retired by rotation and were re-elected. Mr. Richard Irwin resigned on 12[th] September, 2021.

Each year one third of the member appointed Directors, who have served the longest, retire by rotation. They are, if they wish, eligible for re-election. The Directors retiring by rotation the following July 2022 AGM are thus Paul Filmore, Tuvi Orbach and Paul Kieniewitz . All those retiring are eligible for re-election. Co-opted directors have a term of close to a year (but never less than 8 months), before being voted in as full Board members.

There are now up to six possible vacancies for Directors to be elected at the Annual General Meeting and four current applications. There are four further vacancies available by co-option by the Board.

On 31[st] December, 2021, the members of the Company were Dr. Paul Filmore (Chairman), Ms. Jaqueline Nielsen, Mr. Tuvi Orbach, Mr. Paul Kieniewicz, Dr. Joan Walton, Dr. Edi Bilimoria, Dr. V Basios, and Mr. Jose Montemayor. The members are the guarantors, each in a sum not exceeding £1.

OBJECTIVES AND ACTIVITIES

The Charity's objects are set out in the Memorandum and Articles of Association are:- for the benefit of the public, to advance education in the study and application of science and medicine, in particular but not exclusively, by adopting an interdisciplinary approach.

The Directors confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's objectives and activities.

3.

THE SCIENTIFIC AND MEDICAL NETWORK

BOARD OF TRUSTEES’ REPORT

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

ACHIEVEMENTS AND PERFORMANCE

Review of the Year

The Scientific & Medical Network (SMN) is an educational charity (Reg. 1101171) which operates through a charitable company limited by guarantee (Nos. 4544694). During the year, the Company continued educational activities similar to those undertaken in previous years, by arranging lectures, conferences and seminars on subjects relevant to its charitable purposes. These were open to the general public, but due to the Covid pandemic, they became virtual. Again, due to the pandemic, our mode of operation went through a few traumatic months until we were able to offer, weekly paid for, webinars. The physical meetings were cancelled. Our finances did start to look difficult at the start of the pandemic, but with improved marketing, the webinars started to bring in income to more than cover the usual physical conference income. Work on various educational projects jointly with partners in these relevant fields continued. Further details of the projects are given in the Paradigm Explorer journal, which is edited, published and distributed to members of the Network and others, three times a year.

The Accounts for the year ended 31st December, 2021 show a surplus of income over expenditure of £76,092. This compares to a deficit of £38,331 in 2020. In October, 2020, the Salvia Foundation extended its support of the Galileo Commission project for a further three years to December 2023 of £119,993 (received £79,993 so far). Income from Charitable Activities was increased on subscriptions (up from £42,328 (in 2020) to £68,551 (in 2021)) and from the London Group (up from £6,662 in 2020, to £13,392 in 2021), but due to Covid resulting in our main Mystics and Scientists, and Beyond the Brain conferences being moved online with profitable results (Mystics and Scientists sales £23,420, and Beyond the Brain sales £18,121) – note that the 2020 non-residential Mystics and Scientists was run at a loss and almost all tickets were refunded in the course of the year 2021 and 2022. Webinars have provided a major new source of income, bringing in £95,376 (this figure includes £12,169 of webinar donations). In addition to this, legacies & donations of £46,163 were received in the year.

This year we have bucked the trend that our subscriptions and activities do not generate sufficient income to cover our charity aims. We therefore have not had to depend on the support of the Trust and donations. Our Trust does provide us with an annual letter to guarantee funds well in excess to our annual needs, to cover any contingency. The Board continues to actively look at ways to increase revenues and reduce costs. The website has continued to be developed and is helping us to become more visible to the public. Asking for donations, and particularly for legacies, continues to be an important way of maintaining the Network, and the Board is actively seeking these, where and when it is suitable.

FINANCIAL REVIEW

The Directors monitor the resources of the Charity to ensure that sufficient funds are maintained to meets its future needs and to ensure that it has sufficient working capital. At 31st December, 2021, the Charity had reserves of £111,577 compared to £35,485 the previous year. The Directors are considering way to further improve and ensure the financial sustainability of the Charity, and consider it as a going concern.

PLANS FOR FUTURE PERIODS

As with the previous year, we are starting to see a steady increase in membership and thus subscription income. The Directors are still reviewing every aspect of the Company's activities to increase revenues and to restrain costs. This includes exploring making Paradigm Explorer more available to non-members; keeping events inexpensive and thus attractive to delegates; widening marketing particularly via the website and so encouraging the attendance of more nonmembers; to market to and attract a younger demographic to events and so further increase membership.

In addition, we will be mounting our usual annual programme of public conferences and lectures, but virtually. The MSc course is continuing, and so is the successful Galileo Commission project. New projects to further our educational remit are being developed, particularly aimed at ‘young people’. Students are being offered free membership to enable access to our educational resources and support via, for example, targeted webinars, social networking, and virtual courses.

THE SCIEYrl￿c AND MEDICAL NETWORK BOARD OF TRLSTEES, REPORT FOR THE YEAR E￿I)ED 31" DECEMBER, 2021 DIRECTORS, RESPONSIBILITIES sfATEMEYTS The Truslees (who are also the Directors of the Scientific and Medical Ne[wO￿ for the purposes of company lawl are responsible for preparing the Directors Annual Report and the financial St￿ements in accordance with applieable law and regulations. Company law requires the Trustees to prepare financial stat¢Tnents for each financial year which give a true and fair view of lh¢ state of affairs of the charitable company and of th¢ iTKoming resources and application of resources, includino the income aÉJd expenditure of the ¢lwritabl¢ company for that period. In preparing th￿C financi￿ ￿tementS. the Trustees are required to.. select suitable accounting policies and then apply them consiMently- observe the methods and principles in the Charili¢s SORP. make judgements and esiimates Ihat are re&8onable aT)d prudenL state whether applicable accounting standards have been follow¢4 subject to any materia] depamires disclosed and explained in the financial staternenis." prepare the financial statements on the going concem basis unless il is ÉnappTopri to presume that the Charity will continue in operntion. The Board of TNstees has overall resp(>nsibility for ensuring that the Charity has an appropriate sySteTn ofcontrols, financial and otherwise. They are also responsible for keepino ad¢quate accounting records which disclose with reasonable accuracy at any time the financial posiiion of the ChaTiry and enable them ro ensure thai the financial statement5 comply with the Companies Act 2006. the Charities Aet 2011, and the provisions of the goveming documenL They are aLso responsible for 5aftguarding the assets of the Chan"iy at)d hence for taking reasonable step5 for the detection and preven(ion of fraud and otheT irregularitie5. The Board of Trnstees is responsible for the maintenance and ingrity of the corporate and financial infomiation included on ihe Cornpany's website. Legislation in the Lnited Kingdom governing ihe preparation and dissemÈnation L)f finantial statsments may differ from legislation in other juri5diction5. Approv¢d by the Board of TrU￿ee5 ou Tr July. 2022 and signed on theiT behalf by'.- l ￿r[￿_ Dr. P. Filmore Trustre

5.

THE SCIENTIFIC AND MEDICAL NETWORK (Registered Company No. 04544894) INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE SCIENTIFIC AND MEDICAL NETWORK

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

I report to the Charity Trustees on my examination of the financial statements of The Scientific and Medical Network for the year ended 31[st] December, 2021.

Responsibilities and Basis of Report

As the Trustees of The Scientific and Medical Network (and also its Directors for the purposes of company law) you are responsible for the preparation of the Accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). You are satisfied that the Accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the Accounts of The Scientific and Medical Network are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Accounts carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directors given by the Charity Commission under Section 145(5)(b) of the 2011 Act.

Independent Examiner’s Statement

I can confirm that I am qualified to undertake the examination because I am a registered member of the ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no maters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. 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 true and fair view which is not a matter considered as part of an independent examination; or

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Andrew M. Farr, FCCA, Dawe, Hawken & Dodd Chartered Certified Accountants 52 Fore Street Callington Cornwall PL17 7AJ

Date: 7[th] July, 2022

6.

THE SCIENTIFIC AND MEDICAL NETWORK

STATEMENT OF FINANCIAL ACTIVITIES

(incorporating the Income and Expenditure Account)

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

Note INCOME AND ENDOWMENTS FROM: Donations and Legacies 2 Income from Charitable Activities 4 Other Income 3 TOTAL EXPENDITURE ON: Charitable Activities TOTAL EXPENDITURE 5 Net Income/(Expenditure) Transfer between Funds 11 Net Incoming/(Outgoing) resources after Transfers NET MOVEMENT IN FUNDS Total Funds at 1st January, 2021 Funds at 31st December, 2021	Unrestricted Restricted Funds Funds 2021 2020 £ £ £ £ 58332 67441 125773 38570 207198 - 207198 119287 3810 - 3810 6353
	269340 67441 336781 164210
	202208 58481 260689 202541
	202208 58481 260689 202541
	67132 8960 76092 (38331)
	67132 8960 76092 (38331) 67132 8960 76092 (38331) 34689 796 35485 73816
	101821 9756 111577 35485

The notes on pages 10 to 15 form part of these financial statements

THE SCIENTIFiC AND MEDICAL h'ETWORK BALANCE SHEET AS AT 31. DECEMBEN 2021 Notes 2021 2020 FIXED ASSETS TarTrgible Assets Current As5et$ 714 1178 Debtors Cash at Bank and in Hand 859 66874 14215 142158 67733 CREDITORS: Amounts falling due wirhin one year NET CURRENT ASSETS 10 31295 110863 4307 TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS 111577 35485 111577 354 FUNDS Unrestricted funds: General Fund 346 Restricted Funds 101821 9756 34689 796 11577 The Company is exempt from the requirements relating to preparing audiied a¢¢ounts in accordance with Section 477 of the Companics A¢t 2006. The members have not required ihe Company to obtsin an audit ofits a¢¢ounts for the year ended 31" Dec¢mber, 202 1 in accord¥n¢e with Section 476 of the Companies Act 2006. The Dir¢ctors acknowledge their ￿SponSIbl]It1tS for cotnplying with th¢ requireTnents of the Companies Act 2006 with respect to accouniinq r¢cords aTid the preparaiion of accounts. These accounts have been prepared in atcordan¢e with the provisions applicable to companies subject to ihe slnall companies. regime. The finaac1￿ stsrement5 We￿ approved. aTtd authoris¢d for issue, by the Board of Trustees on Tr July. 2022 and signed on their behalf by-.- GL(fi T7 Dr Paul Filmore Trustee The notes on pages 10 to 15 forni part of these financial stat¢ments

8.

THE SCIENTIFIC AND MEDICAL NETWORK

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

Cash Flows from Operating Activities Surplus/(deficit) for the financial year Adjustments for: Depreciation (Increase)/Decrease in Debtors (Decrease)/increase in Creditors Cash Flows from Investing Activities Purchase of Tangible Fixed Assets Net (Decrease)/Increase in Cash and Cash Equivalents Cash and Cash Equivalents at 1stJanuary, 2021 and 2020 Cash and Cash Equivalents at 31st December, 2021 and 2020 Components of Cash and Cash Equivalents Cash at Bank and in Hand

9.

NOTES TO THE FINANCIAL STATEMENTS

THE SCIENTIFIC AND MEDICAL NETWORK

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

1. ACCOUNTING POLICIES

Basis of Preparation of Financial Statements

The financial statements of the Charity, which is a public benefit entity under FRS102, have been prepared under the historical cost convention. They have been prepared in accordance with applicable United Kingdom accounting standards, the requirements of the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2015), the Financial Reporting Standard applicable in the UK (FRS 102) and the Companies Act 2006.

The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

Company Status

The Scientific and Medical Network is a company limited by guarantee. 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.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Statutory grants which are given as contributions towards the Charity’s core services are treated as unrestricted.

Incoming Resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Donated services are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income Tax recoverable in relation to investment income or Gift Aid donations is recognised at the time the relevant income is receivable.

10.

THE SCIENTIFIC AND MEDICAL NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

Resources Expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, which cannot be directly attributed to particular activities, have been apportioned proportionately to the direct staff costs allocated to the activities. Governance costs include the costs of servicing Trustees’ meetings, independent examination and strategic planning.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected lives on the following bases:

Office Equipment - 4 Years

2. DONATIONS AND LEGACIES

Donations Gift Aid Legacies Grants Analysis of the Grants Funding Scientific and Medical Galileo Network Charitable Trust Watson Grant Blaker Education Grant Salvia Foundation Grants	Unrestricted Restricted 2021 2020 Funds Funds £ £ £ £ 23932 - 23932 11411 - - - 159 34400 - 34400 - - 67441 67441 27000
	58332 67441 125773 38570
	- - - - - 2000 2000 - - - - 22000 - 27448 27448 - - - - 5000 - 37993 37993 -
	- 67441 67441 27000

11.

THE SCIENTIFIC AND MEDICAL NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

3. OTHER INCOME

OTHER INCOME
Publication Income & Book Sales Grants Administration Fees Commission Received	Unrestricted Restricted 2021 2020 Funds Funds £ £ £ £ 160 - 160 126 3650 - 3650 - - - - 6227
	3810 - 3810 6353

4. INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
Membership Fees Mystics and Scientists Beyond the Brain including film viewings Annual Gathering Online Education including Webinars London Group Educational Talks Other Events	Unrestricted Restricted 2021 2020 Funds Funds £ £ £ £ 68551 - 68551 42328 23420 - 23420 3955 18628 - 18628 22185 - - - 285 83207 - 83207 39833 13392 - 13392 6662 - - - 4039
	207198 - 207198 119287

12.

THE SCIENTIFIC AND MEDICAL NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

5. RESOURCES EXPENDED

RESOURCES EXPENDED
Event Costs: Mystics and Scientists Beyond the Brain Annual Gathering London Group Educational Talks Other Events Total Event Costs Membership Discounts Publication Costs Webinars Web Project Blaker Education Salvia Foundation Watson Grant Galileo Support Costs Total Charitable Expenditure	Unrestricted Restricted 2021 2020 Funds Funds £ £ £ £ 6635 - 6635 2961 8426 - 8426 5326 - - - 223 200 - 200 875 - - - 7732
	15261 - 15261 17117 320 - 320 - 29059 - 29059 27172 24902 - 24902 11954 5842 - 5842 4158 - - - 5000 - 30883 30883 62852 - 27448 27448 - - 150 150 - 126824 - 126824 74288
	202208 58481 260689 202541

On 26 Jan 2021 a payment of £7,900 was made to the Salvia Foundation which was repayment of the 2020 grant.

Resources expended include: Independent Examiner's Fee Depreciation Details of Staff Costs are given in Note 7 Details of Support Costs are given in Note 6. 6. SUPPORT COSTS Administration Depreciation Independent Examiner's Fee Accountancy and Accounting Software Postage, Stationery & Freight Staff Costs Bank Charges Consultancy Fees Advertising and Marketing Social Media Marketing Travel	2021 £ 1800 464 Total 2021 £ 9896 464 1800 2721 41 34978 7713 60019 6158 3034 - 126824	2020 £ 1320 464 Total 2020 £ 8465 464 1320 322 32 29136 4267 16499 1133 12116 534 74288

13.

THE SCIENTIFIC AND MEDICAL NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

7. STAFF NUMBERS AND COSTS

Wages and Salaries Pension Costs Average number of employees No employee received remuneration of more than £60,000	2021 £ 34085 893 34978 1	2020 £ 28570 566
		29136
		1

During the year, key management received remuneration of £34,085 (2020 - £28,570). During the year, no members of the Board of Trustees received any remuneration (2020 - £NIL). There were payments made to 4 member of the Board of Trustees in the year; Insight Centre Ltd. (Paul Filmore) received £12,826.50 (incl. VAT) for management and (treasurer) finance work; Jose’ Montemayor received £7,662.02 (£6,342.40 for Web project development and £1,319.62 for consulting work); Joan Walton received £3,000 for a Galileo Commission Steering Group Honorarium and Vasileios Basios received £3,000 for a Galileo Commission Steering Group Honorarium.

8. TANGIBLE FIXED ASSETS

9.

Cost At 1stJanuary, 2021 Additions At 31stDecember, 2021 Depreciation At 1stJanuary, 2021 Charge for the Year At 31stDecember, 2021 Net Book Value At 31stDecember, 2021 At 31stDecember, 2020 DEBTORS Due within one year Gift Aid Prepayments and Accrued Income	Office Equipment £ 9927 - 9927 8749 464 9213 714 1178 2021 2020 £ £ - 159 - 700 - 859	Office Equipment £ 9927 - 9927 8749 464 9213 714 1178 2021 2020 £ £ - 159 - 700 - 859	Office Equipment £ 9927 - 9927 8749 464 9213 714 1178 2021 2020 £ £ - 159 - 700 - 859
			9927
			8749 464
			9213
			714
			1178
			2020 £ 159 700
			859

14.

THE SCIENTIFIC AND MEDICAL NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

10 CREDITORS: Amounts falling due within one year

Deferred Income Social Security and Other Taxes Other Creditors Accruals	2021 £ 6695 5404 15836 3360 31295	2020 £ 10515 1505 17851 3555 33426

11. STATEMENT OF FUNDS

RESTRICTED FUNDS Blaker Educational Fund Galileo Salvia Foundation Grant Watson Grant Theoria to Theory Fund SUMMARY OF FUNDS General Funds Restricted Funds	Brought Incoming Resources Carried Forward Resources Expended Transfers Forward £ £ £ £ £ 61 - - - 61 - 2000 150 - 1850 - 37993 30883 - 7110 - 27448 27448 - - 735 - - - 735
	796 67441 58481 - 9756
	34689 269340 202208 - 101821 796 67441 58481 - 9756
	35485 336781 260689 - 111577

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Funds Designated General Restricted Funds Funds Funds £ £ £ Tangible Fixed Assets - 714 - Net Current Assets - 130101 12057 Less: Current Liabilities - (28994) (2301) NET ASSETS - 101821 9756	Total Funds £ 714 142158 (31295) 111577

15.

THE SCIENTIFIC AND MEDICAL NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER, 2021

13. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM: Donations and Legacies Charitable Activities Other Income Interest Received TOTAL EXPENDITURE ON: Charitable Activities TOTAL EXPENDITURE Net Income/(Expenditure) Transfer between Funds Net Incoming/(Outgoing) resources after Transfers NET MOVEMENT IN FUNDS Total Funds at 1st January, 2020 Total Funds at 31st December, 2020	Unrestricted Restricted Funds Funds Total 2020 2020 2020 £ £ £ 33570 5000 38570 119287 - 119287 6353 - 6353 - - -
	159210 5000 164210
	136525 66016 202541
	136525 66016 202541
	22685 (61016) (38331)
	22685 (61016) (38331)
	22685 (61016) (38331) 12004 61812 73816
	34689 796 35485