THE SCIENTIFIC AND MEDICAL NETWORK (Companv limited by Guarantee No. 04$44694 Registered Charitv no. 01101171) REPORT AND FINANCIAL STATEMENTS YEAR ENDED: 31$1 DFCEMBER, 2022 DAWE, HAWKEN & DODD Chartered Certified Accouniants Callington, Cornwall.
THE SCIENTIFIC AND MEDICAL NETWORK (Company limited b). Guarantee No. 04$4494, Regi$tered Charity No. 1101171) REPORT & FINANCIAL STATEMENTS YEAR ENDED 31" DECEMBEIL 2022 CONTENTS Page Legal and Administrative Inforniation Board of Tru5tees' Report Independent Examiner's Report Statement of Finan¢ial Aciiviiies Balance Sheei Cash Flow Siatement Notes to the Financial Stalemertts 9-15
THE SCIENTIFIC AND MEDICAL NETWORK REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31st DECEMBER 2022 President Professor Bemard Carr MA, PhD Vice PresideDts Professor John Clarke Diana Clift PTofessor Mwilyn Monk BA, MA MA, MPhil Emeritus Professor of Molecular Embryology, PhD, Msc MA BA Claudia Nielsen Martin Redfern Board of Tru$iees Dr. Edi Bilimoria (resigned 12 Dec 2022) DPhil. CEng, EuTlng, FIMechE, FRI, FEI, CenHE PhD. MBA. MlnstPhys, CPhys, FHEA, FRSA BSC, MA Astronomy. Msc Geophysics BA, MA BA, BL Bsc, MBA PhD. Msocsci, Dipsw. CQSW, BAIHons) BSC, MSC, PhD Dr. Paul Filmore (Chairl Paul Kieniewicz Jose Monternayor (r¢signed 15 Sep 2022) Jaqueline Nielsen Tuvi Orbach Dr. Joan Walton Dr Vasileios Basios CompAny Secretary Nicholas David Pilbrow FCA Treasurer Paul FilTnore PhD, MBA, MlnstPhys. CPhys. FHEA. FRSA Programme Director & Editor of"Network Review" David Lorimer MA. PGCE, FRSA Consultant to The Board Dr. Oliver Robinson MA, MSC, PhD Network Manager Andrew Polson MA Account$ Chiara Reghellin PhD Company Reg. N 04544694 Charity Reg. No. Registered Office 52 Fore Street Callington Cornwall, PL17 7AJ l*dependent Examiner A. M. FatT. FCCA Dawe, Hawken & Dodd Chartered Certified Accountants 52 Fore Street Callington Cornwall, PL17 7AJ Bankers Barclays Bank PIC CAF Bank
THE SCIENTIFIC AND MEDICAL NETWORK BOARD OF TRUSTEES, REPORT FOR THE YEAR ENDED 31" DECEMBER, 2022 The Board of Truste¢g. who are also Directors of ihe Company for ihe purposes of the Companies Aci, and TTU51ees for charity law purposes. submii their annual report and the financial sta¢ements of The Seieniific and Medical Network for th¢ year ended 31 December. ?022. The Board of Trusiees confirm5 that the annual report and financial statements of the Company comply with current statutory requirements. the requir¢m¢nts of the Company's governing docum¢nt and the provisions of ihe Ststemeni of Recommended Practice IFRS 102). STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Status The Scientific and Medical Network is A ¢ompany limiied by guarantee and govemed by its Memorandum and Articles of Association. The Directors of the Company ar¢ Tnjstees in accordance wilh the Charities Aci 2011. Rlsk Assessment The DiTCCtors review finan¢ial and other risks when appropriaie ond have established procedures to ensure thai all tronsociions and projects ar¢ prOrIY auihorised. Dlr¢¢torate and Mernbers, Inlertsts The DiTector5 of the Company on Isi January ?02? were Dr. Paul Filmore IChaimian}. Dr. Edi Bilirnoria, Ms. Jaqu¢lin¢ Nielsen, Mr. Paul Kieniewicz, Mr. Jose Montemayor. Mr. Tuvi Orbach. Dr Joan Walton & Dr. Vasileios Basios. A¢ the Annual General Meeting of the Company held on 10th July ?022. Paul Filmore, Tuvi Orbach and Paul Kieniewicz retired by roiaiion and were Te-ele¢ted. Mr. Jose Montemayor reSined on 15th Septemb¢r 2022 and Dr. Edi Bilinloria resigned12tli December. 2022. Each year on¢ third of the membeT appoinied Directors. who have served the longest. retire by roiation. They are. if they wish, eligible for re-election. The Directors retirin& by rota¢ion the lollowin¥ July 2023 AGM are thu5 Mrs Jacqueline Nielsen and Dr. Vasileios Basios. All ¢hasc retirinbj are eli8ible for re-election. Co-opted directors have a tem of close to a year, before being voted in as full Board m¢mb¢rs. There are now up to 51X Possible vacancies foT Directors io be el¢ci¢d at the Annual G¢nero1 Meeting and four current applications. There are four further vacancies availabl¢ by co-option by the Board. On 3 1st December. 2022. the members of the Company were Dr. Paul Filmore Ichaimanl, Ms. Jaqueline Nielsen. Mr. Tuvi OTbach, MT. Paul Kieniewic4 Dr. Joan Walton. and Dr. Vasileios Basios. The members are the guaraniors, each in a sum noi exceeding £1. 0ECTIVEs AND ACTIVITIES The Charkty's objects are set out in the Memorandum and Articles of Association are:. for the benefit of ihe public. to advanc¢ education in the study and appli¢ation of science and rnedicine, in particular but Dot exclusively. by adopting an interdisciplinary approach. The Directors confimi that they have referred to the guidance contained in th¢ Charity Commission's generdl guidance on public benefit when reviewing the Charity's objectives and activities.
THE SCIENTIFIC AND MEDICAL NETWORK BOARD OF TRUSTEES, REPORT FOR THE YEAR ENDED 31" DECEMBER, 2022 ACHIEVEMENTS AND PERFORMANCE Review of the Year During th¢ year. the Company continued the edu¢aiional aciiviiies previously undertaken. by arrangjinbj conferences and webinars on subjects relevanr to its charitable PUTPOS¢S. These were open to th¢ public. bui due to the Covid pandemic, they w¢r¢ all virtual in 2022. Also due io thc pandemie we coniinued to adapt and Lhange our busin¢ss operaiions to becorne fully virtual. During the year our finances continued 10 improve. as we improv¢d our marketing. Also work on various cducaiional projects jointly wilh panners continu¢d. Further deiails of the projecis are given in ihe Paradigm Explorer joum41, whi¢h is edited, published and distributed io membeTS of the Network and others, thrtt time5 a ycar. Th¢ Accounts for the year ended 3 Isi December, 2022 show a deficii of expendilure over income of £20.172. This ompares to a surplus of £76.092 in 2021. In Ocrober. 20?0. th¢ Salvia Foundaiion extended its support of the Galileo Commission project for a further thr¢¢ y¢Ars 10 December 2023 of £119,993 {reccived £79.993 so far). Income from Chariiable A¢tlVLties was increased on SubriptIOnS lup from £42.328 lin 20201 ¥0 £68.551 (in 20?1 l and to £80.7?4 lin 202?}l and from th¢ London GrouplCPF lup from £6.662 in 2020, to £13,392 in 2021, and down to £8,623 in 2022). Due io Covid. our main Mystics and Scieniisis. and Beyond the BTain conf¢rences were moved online wilh profitable results IMysliCS and Scien¢is¢5 Sales £6 749. and Eleyond the Ilrain sales £21,2641- note tha¢ th¢ 2020 non-resideniial Mystics and Scient15ts was run at a 10$5 and almost all tickets w¢re refunded in the ¢ourse of ihe year 2021 and 2022. Webinars have provided a major new source ol. income, bTin8ing in £95,376 in 2021 and £6.S,520 in 20?? {Ihis fiuiure in¢ludes £1? 169 in 2021 and £13.256 in 2022. of webinar donations). In addition to this.1¢8acies of £16,957 were received in the year 2022. Again this year. we have generdied sU1¢ient income Lo eover our charity aims. We iherefore have not had to depend on the support of the Trust. Our Trust does provide vs with an annual lett¢r 10 guardntee funds well in excess 10 our annual needs, to cov¢r any contingency. The Board continues to actively look at ways io increas¢ revenue5 and reduce c051s. The web5iie has continued to be developed and is helping us io become more visible lo ihe public. Asking for donations, and particularly for legacies. ¢oniinues to be an important way of maintaining the Neiwork in the lonbier term. and the Board is very grateful for thi5 type of support, and ¢oniinues to actively seek the$¢. where and when il is appropriate. FINANCIAL REVIEW The Directors Tnoniior the resou¢5 of the Chariry to ¢nsure that sufficient funds ar¢ main(ained to meeis its futur¢ need5 and to ensure that it has sufficient working capital. At 31 st December. 2022. the Charity had reserves of £91,405 comparcd io £111.577 the previous year. The Direcior5 are considering way to further improve and ensure (he financial sustainability of the Charity. and consider it g going conccm. PLANS FOR FUTURE PERIODS As with ihe last year. we are expecting a 5t¢ady increase in membership and thus subscription income. Also, our administration of increased member5 and increased event attendance. has required takillg on more staff and challenged our operational and governance procedures. We are still in the situation of change but hope to have OUe1v¢S restructured by the end of 2023. The Directors continue to review every aspect of Ihe Company's activities to incTease revenues and lo restrain costs. This in¢ludes.' keeping events inexpensive and thus attractiv¢ to delegate5; widening marketing particularly via th¢ website and so encouraging ihe attendance of more non-members; and finally to market io and attract a vounger demographic to event5 and so funher extend our educational support {which also has the b¢nefii of startin¥ io redress our membeT5hip age PTofile). In addition. we will continue io mount our usual annual programme of public conferences and lectures virtually. but monitor carefully the possibility of r¢iurning to some in-person evenis. The MSC course is ¢oniinuin8. a5 is the successful Galileo Commission projeci, and our new 'Young people. (New P8radigm Navigator5) project. Students are being offered discounted mernbership io ¢nable access io our educational resources and support via. for exatnple, targeted webinars, social n¢lworking, and virtual webinars.
THE SCIENfiFIC AND MF.DICAL NETWORK BOARJ) OF TRUSTEES, REPORT FOR THE YEAR ENDED 3111 DECEMBEIL 2022 DIREcfoRS' RESPONSIBILITIES STATEMENTS The Tnte (who Jn also the Directors of the S¢ieniifl¢ ana Medical Network foT the purpose5 of ¢ompany law) Irt responsible for preparin8 the Dire¢Tors Annual Report th¢ financi rt&temenl3 in accordance with applicable la and regulation& compan law requir¢s the Tnjstees to prepAre financial siaiemenis fL)r ea¢h fiTwicial year which give a rne and fairview of the state of affoirs of th¢ thilable company and of the incoming resources and appli¢aiion of r¢50urc¢s, includlrtg th¢ incon)t and exp¢ndiiuTe of the chariiabl¢ ¢ompany for that pri(xl. In prrpaTin8 ihese finan¢i415t&i¢menis, the Tru51¢es are required io: seleet suitable accountÈng policies and Ih¢n 4ppl}' them consis*n¢ly' observ¢ th¢ methods and prinripl¢s in ihe Charities SORP., make jud&ein¢nts and estimatrs that are nasonable And prudenr., stat¢ whether applicable 8c¢wniin8 St•ndwd$ hov¢ been followed, subJe¢t to arty material deponures dis¢lo&ed and explained in the financi81 stat¢ment$', prepare the financi415¢at¢ments on the 80ing cu)cern buis unle55 il 13 Inappropriate w presume thai the Ch4Tity will COAtinue in op¢Nion. The Board oFTNsTees has overull respon$iblliEy f(v ensurin8 that the ChddE>' h8¥ 4n appropriate System of controls. fnCl41 d oiheTWiV. They are 80 responsible for k¢epin8 4dequat• a¢count]ng r¢c¢rd$ which th5c103e wilh realonible acwrac al any time the finth¢iJl posiiion of the Charity and enable them to ensur¢ thai ihe fmancial llemenrs ¢(Mnply with th¢ Comp&nies Aci 2W)6, th¢ Charitiei Art 2011, and th¢ provisions of the governing do¢um¢ni. They we also responsible for safe8uardin8 th¢ wèts of di¢ Chority hence foi tskins r¢wnable sl¢ps for the detection and pr¢v¢niion of fraud oth¢r irrn¥ularitieg. Thc Boyd of Trustees iq responsible for the main¢¢nan¢e and integrity of the coryjorare and finaneiil iftformo¢ion included on the Company's websito. Legi¥11v in the Unlted Kingdom governin8 the prep8rnion al dissenlinatyon of financial ¥tat¢m•nts may differ from legislation in ¢)ther jwiJdiclion& Approved by the B¢Jrd of Tntsttes on 9nn3 Ld 8j8L)ed on their b¢hJlf by.'- ft4 . P. Filmo Tru$t¢e
THE SCIENTIFIC AND MEDICAL NETWORK (Registered Company No. 04544894) INDEPENDENT EK4MINER'S REPORT TO THE MEMBERS OF THE SCIENTIFIC AND MEDICAL NETWORK FOR THE YEAR ENDED 31 DECEMBER, 2022 report lo the Charity Trustees on my examination of the financial statements of The Scientific and Medical Network for the year ended 31" December, 2022. Responslbillties and Basis of Report As the Trustees of The Scieniific and Medical Network {and also its Directors for the purpose5 of eompany lawl you are r¢sponsible for the preparation of the Accounts in a¢¢ord2nce with the requirements of the Companies Act 20061'the 2006 ACV). You are saiisfied (hat the Accounts of the Compan>. are noi required by charity or company law to be audited and have chosen instead io have an independent examÉnatton. Having satisfied myself that the Accounts of The Scientific and Medi¢al Network are noi required to be audited under Part 16 of the 2006 Aci and are eligible for independent examination, I report in respect of my examination of the Accounts carried out under Section 145 of the Charitie5 Aei 2011 ('the ?01 l Act'}. In carying out my exatnination I have followed the Directors given by the Charity Commission Ltnder Seciion 145{5Xb) of the 2011 Act. Independent Examiner's Statement I can confim that l am qualified to undertake the ¢xamination because l am a registered member of the ACCA which is one of the listed bodies. I have completed my examination. I cOnfin that no maiers have com¢ to my attention in connection with th¢ examination giving me cause to b¢lieve thai in any material respect: accouniing records were not kept as required by Section 386 of the 2006 Act; or the accounts do not ac£ord with those records: or the account5 do not comply with the accounting requirements of Se¢tion 396 of the 2006 Act other than any requirement that the accounis give a true and fair view which is not a matter conssdered as part of an independent examination,. or I have no ¢on¢erns and have come across no other matters in connection with the examination io which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Andrew M. Fa, CCA. Dawe. Hawken & Dodd Chartered Certifi¢d Aecounthnts 52 Fore Sireet Callington Cornwall PL17 7AJ Date: 3 July, 2023
THE SCIENTIFIC AND MEDICAL NETWORK STATEMENT OF FINANCIAL ACTIVITIES {in¢orporating the Income and Expenditure Account) FOR THE YEAR ENDED 31" DECEMBER, 2022 Unre5tTiCted Funds Rtstriettd Funds Note 2022 2021 INCOME AND ENDOWMEIYTS FROM: Donations and Legacies Income from Charitable Activities Other Income 37582 181524 5125 55754 93336 125773 181524 207198 5125 3810 TOTAL 224231 55754 279985 336781 EXPENDITURE ON: Charitable Acrivities 254822 45335 3(H)157 260689 TOTAL EXPENDITURE 254822 45335 300157 260689 Net Incomel(Expenditur¢) Transfer between Funds Net Incomingloutgoing) resources after Transfers (30591) 10419 120172) 76092 (30591) 10419 (20172) 76092 NET MOVEMENT IN FUNDS (30591 10419 120172) 76092 Total Funds at 11¢ January? 2022 Funds at 311¢ Dec¢rnber. 2022 101821 9756 111577 35485 71230 20175 91405 111577 The noies OTb pages 10 to 15 forni part of these finaneial sthtement5
THE SCIENfIFIc AND MEDICAL NETWORK BALANCE SHEET AS AT 31" DECEMBEK 2022 Nples 2022 2021 FIXED ASSETS Tan8ibl¢ A35ets Cyrrent Asts Debiors Ch 4¢ Bank and in Hand 121340 142158 CREDrroRS: Amounts fallin8 due wlthln f)The ye•r NET CURRENT A&SETS 10 TOTAL ASSETS LKSS CURRENT LIABILITIES NET ASSETS FVNDS Unr¢stri¢ted funds.. G¢nttal Fund 71230 R#trl¢ted Funds The Compfiny is exempt from the rnquir¢mthts lating to prtiwing audited aonts in CordanCe with Section 477 of the Companies Act 2006. The member6 have not required the Company to obtain an audit of irs OUntr for the yearended 31. Dettmber. 2022 itt ccord4n¢¢ with sli0n 476 ofthe Cornpw Aci 2006. The Direciors knoW]edge their responsibilities for Complying with the requurments of the Companies Art 2(106 with re5pe£i to llccountin8 records and the prnparation of accounts. Thes¢ have beer6 prepared in ac¢¢)rdance With Iht pro¥isi0tt8 ppll¢Abl¢ to ¢ompAnies subject io the small companie3. re8imc. Th¢ financial 51atwttents were Hpprov¢4 and authorised for issue, by the B(rd of TruJte¢5 on gnr23 Ind Sign on their beh&lf by'.- (AJ Ol7k/wL Dr Pwl Filmort Trustee Th¢ notu OTh pages 10 to 15 forni PArt of these fiAa¢J¢ial s¢aments
THE SCIENTIFIC AND MEDICAL NETWORK CASH FLOW STATEMENT FOR THE YEAR ENDED 31" DECEMBER, 2022 2022 2021 Cash Flow$ from Operating Actlvltle$ Surp]u(defi¢ltI for the financial year (201721 76092 Adjustments for.. Depreciation {IncreaseyDecrease in Debtors Itkcrease)lincrease in Cr¢diiors 414 464 122922) 75284 Cash Flows from Investin8 Aetlvlti¢$ Purchase of Tangible Fixed Assets Nel (Decreaseyln¢re4se in Cash and Cash EqulvAlents Cash and Cash Equ2valents al I. January. 2022 and 20?] Cajh and Cash Equivalents at 31. De¢¢mber, 2022 And 2021 {229291 75284 Components ofcash And Cash Equlvalents Cash ai Bank and in l.land 1421
THE SCIENTIFIC AND MEDICAL NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER, 2022 ACCOUP4TING POLICIES Basis of Preparation of Financial Statements The financial statements of ihe Chariry, which 15 a public benefit entity under FRS I O? have been prepared under the historical cosi convention. They have been prepar¢d in accordance w iih applicable United KingTrdom accounting standards, the requirements of ihe Staiemeni of Recommended Practl¥e Accountinby and Reponing by Charities {SORP 2015), Ihe Fillan¢ial R¢poning Standard applicable in ihe UK {FRS 1021 and the Companies Aci 2(M)6. The Tw51ees consider ihot there are no material uneertainties about the Trust's ability to continue &s a going concern. Company Status The Sci¢nlific and MedicAI N¢tOrk is a company lirniled by ¥uardniee. In the eveni of ihe Charity being wound up, the liability in respecr of the guarantee is limited io £ I p¢r member of the Charity. Fund A¢¢ounting General fund5 are unrestricted funds which are available for use ai the discr¢iion of the Tru51ees in funheran¢e of th¢ general objects of the Charity and which have noi be¢n designated for oth¢r purp)ses. De5i&?naied funds comprise unr¢stricted funds Ihat hav¢ been set aside by th¢ TnJ51ee5 for particular purposes. The aim and us¢ of each designated fund 15 set out in the noie5 to the financial stat¢men¢5. Restricted fund5 are funds which are lo be used in O¢¢OTdance with speLific r¢5triction5 imposed by donor5 which have been raised by the Charity for particular purposes. 'I'he cost of admini5terkng such funds are charged againsl Ihe specific fund. The aim and ts%¢ of each resiricted fund is set out in the notcs to ¢he financial siaiements. Statu¢or)' grants which are given as contribution$ towards ihe Charity's core services are tr¢at¢d a5 unrestricted. Incomlng Resoyrce$ All incomin¥ resources are in¢luded in the Statement of Financial Activities when the Charity is legally eniitled to the income and the amount can he quantified with reasi)nable accuracv. Gift5 in kind donated for disiribution are included at valuation and recognised as income when they are distributed to th¢ projects, Gifts donated for resale are included as income when they ar¢ sold. Donated facilit1¢5 are included ai the value co ihe Charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donaied by volunteeTS. Dortated services are included in income at a valuation which is an estimate of the financial cost borne by the donor where su¢h a cost is quantifiable and measurable. No income 15 recognised where there is no linancial ¢051 borne by a third party. Income Tax recoverable in relaiion to investment income or Gift Aid donation5 is r¢cognised at the time the relevant income is receivable.
io. THE SCIENTIFIC AND MEDICAL NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER, 2022 Resources Expended All expendirure is a¢¢ounted for on an accruals basis and has been included under expense calegyori¢s thai aggregate all costs for allocation to activities. Support cost5. which ¢annot be direcily attributed 10 particular activities. hawe b¢¢n apportioned proportionat¢ly io thc direct stall'cosis allocated io the acliviiies. Govemance costs in¢lude the cosis of Servicing Trustees, me¢iiiLg5, independent examination and strategic planning. Irrecoverable VA T is Charged againsi the category of resources expended for which it wa5 incued. Tangible Fixed Assets #nd Depreciation Tan&?ible fixed assets are stated ar eost less depreciation. Depreciation is Provided ai rates calLulat¢d to wrile off the cost of fix¢d assets, less iheir estimated residual value, ov¢r ih¢ir expected lives on ihe following base5'. Offi¢¢ Equipment 4 Years DONATIONS, GRANTS AND LEGACIES Unrestrlct¢d FuNd5 Reslrlcted Funils 21122 2021 Donolions Gift Aid Legacies Grants 20625 20625 23932 16957 16957 55754 34400 67441 55754 37582 53754 93330 125773 Analysis of the Grant$ Fundlng S¢ieniific and Medi¢al Galileo Network Charitable Trust Watson Grant Blaker Education Grant Salvia Foundation Grants 2000 17754 17754 27448 38000 38000 37993 55754 55754 67441
ii. THE SCIENTIFIC AND MEDICAL NETWORK NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBEIL 2022 OTHER INCOME Unrestricted Funds Restricted Fund5 2022 2021 Publication Income & Book Sales Grdnts Administration Fe¢s Interest 2134 2934 57 5125 2134 2934 57 5125 160 3650 3810 IIYCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds 2022 2021 M¢mbership Fees Mysiics and Scient15ts Beyond the Brain including film viewings Online Educa¢ion including Webinars London GrouplCPF Rupert Sheldrake 80724 6249 212fA 522fA 8623 1241)0 181524 80724 6249 21264 52264 8623 124(X) 181524 68551 23420 83207 13i92 207198 London Group evolved to Consciousness Perspectives Forum ICPF) during 2022.
12. THE SCIENTIFIC AND MEDICAL NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBEIL 2022 RESOURCES EXPENDED Unrestricted Funds Restricted Funds 2022 2021 Event Costs.. Mystics and ScientiSL8 Beyond the Brain London Group/CPF Rupert Sheldrake Total Event Costs 2455 5621 1386 9132 18594 2455 5621 1386 9132 18594 6635 8426 200 15261 Mcmber5hip Discounts Publication Costs Webinars Web Project BlakeT Education Salvia Foundation Watson Grant Galil¢o Support Costs YP Pmjeci 630 30846 21278 630 30846 21278 320 29Q59 24902 5842 43835 43835 30883 ?7448 1 SIJ) 1500 181694 1780 181694 1780 126824 Total CharltAble Expendliur¢ 254822 45335 300157 260689 On 26 Jan 2021 a paymenl of £7.( was mth io the Salvia Foundatioft which was repaymeni of ihe 2020 groni. Resources expended includ¢'. 2022 2021 Independent Examinerfs F¢e Depreciation 1552 414 1800 464 Details of Staff Costs are 8iven in Note 7 Deiails of Support Costs are given in Noie 6. SUPPORT COSTS TolAI 2022 Total 2021 AdTninistrdlion Depreciation Independent Examinerfs Fee Tax Advi¢e and Accounting Software Postage. Stationery & Freight Staff Costs Bank Charges Consultancy Fees Advertising and Marketing Social Media Marketing Travel 13829 414 1552 3875 451 46634 7147 98887 376 6985 1544 181694 9896 464 1800 2721 41 34978 7713 60019 6158 3034 126824
13.
THE SCIENTIFIC AND MEDICAL NETWORK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] DECEMBER, 2022
7. STAFF NUMBERS AND COSTS
| STAFF NUMBERS AND COSTS | ||
|---|---|---|
| Wages and Salaries (including employers NIC) Pension Costs Average number of employees No employee received remuneration of more than £60,000. |
2022 £ 45643 991 46634 1 |
2021 £ 34085 893 |
| 34978 | ||
| 1 | ||
During the year, key management received remuneration of £45,640 (2021 - £34,085). Highest remuneration was for David Lorimer (paid as a consultant) of £44,620 plus expenses of £1,312. During the year, no members of the Board of Trustees received any remuneration (2021 - £NIL). A total of £30,439 was paid to members of the board for consultancy work on three separate projects, separate from their roles as trustees.
8. TANGIBLE FIXED ASSETS
| 8. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Office | |||
| Equipment | |||
| £ | |||
| Cost | |||
| At 1stJanuary, 2022 | 9927 | ||
| Additions | 7 | ||
| At 31stDecember, 2022 | 9934 | ||
| Depreciation | |||
| At 1stJanuary, 2022 | 9213 | ||
| Charge for the Year | 414 | ||
| At 31stDecember, 2022 | 9627 | ||
| Net Book Value | |||
| At 31stDecember, 2022 | 307 | ||
| At 31stDecember, 2021 | 714 | ||
| 9. | DEBTORS | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Due within one year | |||
| Gift Aid | - | - | |
| Prepayments and Accrued Income | 2111 | - | |
| 2111 | - |
14. THE SCIENTIFIC AND MEDICAL NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31Jt DECEMBEIL 2022 CREDITORS: Amounts falling due wichin one year 2022 2021 Deferred Income Social Security and Other Taxe5 Other Crediiors Accruals 9300 2807 16595 6695 5404 15836 3360 129 STATEMENT OF FUNDS Brought Forward Incoming Resource5 Resourees Expended Trwn$fers Clrrled Forward RESTRICTED FUNDS Blaker Educational Fund Galileo Salvia Foundation Grant Wat50n Grani Th¢oria to Theory Fund 61 1850 7110 i.$00 43835 350 1275 17754 7J5 ?0173 38000 17754 735 9756 55754 45335 SUMMARY OF FUNDS General Funds Restricted Funds 224231 55754 279985 254822 45335 300157 71230 20175 91405 9756 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcled Fund5 Desigll#ted General Fund$ Fund5 Re$¢rl¢led Fund$ Tutal Tangible Fixed Ass¢t$ Net Current Assets L¢55.' Current Liabilities NET AS.SETS 307 101163 307 1?1340 30242 91405 20175 7123 17
15. THE SCIENTIFIC AND MEDICAL NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER, 2022 13. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Unrestrieted Funds 21121 Restricttd Fund5 2021 Totgl 2021 INCOME AND ENDOWMENTS FROM: Donations and Lega¢ies charlble Activities Other Income 58332 207198 3810 67441 12$773 207198 3810 TOTAL 209340 67441 336781 EXPENDITURE ON: Charitsble Activities 202208 58481 260689 TOTAL EXPENDITURE 202208 58481 260689 Nei IncomellExpenditure) Transfer beNeen Funds Net Incomin(0180lng) resources after Transfers 67132 89fA) 76092 67132 8960 76092 NET MOVEMENT IN FUNDS Total Funds •t I" Jwnuary. 2021 Total Funds at 31" D¢¢¢Thber. 2021 34689 796 35485 101821 9756