## **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 in*grity 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|