2023-03-31-accounts

				Page
Reference and Administrative Details of		the Charity, its Trustees and Advisers
Trustees' Report				2-7
Independent Auditors'	Report on the Financial Statements			8-10
Statement of Financial	Activities
Balance Sheet
Statement ofCash Flows				'l3
Notes tothe Financial	Statements			14-25
The following pages do	not form part ofthe	statutory	financial statements:
Charity Detailed Income and Expenditure		Account and Summaries

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
			Note			f.
INCOME FROM:
Donations, grants and legacies				430,760	101,7&9	532,549	957,595
Charitable activities					822,108	822,108	823,907
Investments					6,146	6,146	726
TOTAL INCOME				430,760	930,043	1,360,803	1,782,228
EXPENDITURE ON:
Raising funds: Management
operations, fundraising		and
communications					136,625	136,625	128,893
Charitable activities				368,303	909,126	1,277,428	1,206,030
TOTAL EXPENDITURE				368,303	1,045,751	1,414,054	1,334,923
NET MOVEMENT	IN FUNDS			62,457	(115,708)	(53,251)	447,305
RECONCILIATION	OF	FUNDS:
Total funds brought	forward			421,796	934,448	1,356,244	908,939
Net movement in funds				62,457	(115,708)	(53,251)	447,305
TOTAL FUNDS CARRIED FORWARD				484,253	818,740	1,302,993	1,356,244

	BALANCE SHEET	BALANCE SHEET
	AS AT 31 MARCH 2023
			2023		2022
	Note		f.		E
FIXEDASSETS
Tangible assets	10		12,025		6,261
			12„025		6,261
CURRENT ASSETS
Debtors		507,225		457,537
Cash at bank and in hand		966,644		1,080, 782
		1,473,869		1,538,319
Creditors: amounts falling due within one year	12	(182,899)		(188,336) .
NET CURRENT ASSETS			1,290,970		'l,349,983
TOTAL ASSETS LESS CURRENT
LIABILITIES			1,302,995		'l,356,244
NET ASSETS EXCLUDING PENSION ASSET			1,302,995		1,356,244
TOTAL NET ASSETS			1,302,995		1,356,244
CHARITY FUNDS
Restricted funds			484,253		421,796
Unrestricted funds			818,742		934,448
TOTAL FUNDS			1,302,995		1,356,244

			2023f	2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating	activities		(108,981)	256,284
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase oftangible fixed	assets		(11,304)	(3,729)
Interest from investments			6,147	726
NET CASH USED IN INVESTING ACTIVITIES			(5,157)	(3„003)
CHANGE IN CASH AND	CASH EQUIVALENTS	IN THE YEAR	(114,138)	253,281
Cash and cash equivalents	at the beginning ofthe year		1,080,782	827,501
CASH AND CASH EQUIVALENTS AT THE END		OF THE YEAR	966,644	1,080,782
The notes on pages 14to	25 form part ofthese financial statements

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023f.	2022
Donations	and Grants		101,789	101,789	365,000
Restricted	Grants	430,760		430,760	592,595
		430,760	101,789	532,549	957,595
Total 2022		592,595	365,000	957,595

		Unrestricted	Total	Total
		funds	funds	fLlndS
		2023	2023	2022
				E
Conference	and events	62,037	62,037	59,103
Allocation of	support costs (Note 8)	74,588	74,588	69,791
		136,625	136,625	128,894
Total 2022		128,894	128,894

				Restricted	Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
					F
	Unbound grant				36,556		36,556	76,246
	Nuffield grant			135,781			135,781	163,697
	Paul Hamlyn grant				19,945		19,945
	Stichlng Benevolentia		grant		44,663		44,663	19,950
	Research fees and Subscriptions					14,400	14,400	9,643
	Sequoia Trust grant				71,363		71,363
	Dyson grant							6,000
	Middlesex University	grant			12,928		12,928	2,586
	NIESR grant				8,150		8,150	10,312
	Welsh Government	grant			26,794		26,794
	Lord Nash grant				5,279		5,279
	Gareth Thomas grant				6,599		6,599
	Department for Education				245		245
	Allocation ofsupport	costs (Note 8)				894,726	894,726	915,596
				368,303		909,126	1,277,429	1,206,030
	Total 2022			280,791		925,239	1,206,030
7.	Governance costs
							2023	2022
							f.
	Auditors' rernunei. ation						8,000	7,679
	Auditors Remuneration		(Underprovision	for prior year)			4,873
	Accountancy, payroll vnderprovision)		fees, auto-enrolment	fees (including	prior year		8,743	6,462
	Bookkeeping						3,165	3,125
	Legal and professional		fees				8,475	6,346
							33,256	23,612

							Costs of
							generating	Charitable	Total	Total
							funds	activities	funds	funds
							2023	2023f	2023	2022
Office Costs							8,159	73,431	81,590	75,394
Website and ITcosts							1,900	17,104	19,004	14,664
Miscellaneous							473	4,255	4,728	3,651
Bank charges							34	303	.337	330
Wages and salaries							50,109	952,071	1,002,180	965,393
National insurance							5,291	100,533	105,824	100,091
Pension costs							3,774	71,707	?5,481	7'/, 042
Advertising	and Promotional						968	8,708	9,6?6	6,401
Restricted	expenditure	Unbound	(Note			6)		(36,556)	(36,556)	(78,246)
Restricted	expenditure	- Stiching Benevolentia
(Note 6)								(44,663)	(44,663)	(l9,950)
Restricted	Expenditure	- Nuffield	(Note			6)		(135,781)	(135,781)	(163,696)
Restricted	expenditure	- Dyson	foundation
(Note 6)										(6,000)
Restricted	expenditure	- Middlesex		University
(Note 6)								(12,928)	(12,928)	(2,586)
Restricted	expenditure	- NIESR	(Note		6)			(8,150)	(8,150)	(10,312)
Restricted	Expenditure	-Sequoia Trust (Note
6)								(71,363)	(71,363)
Restricted	Expenditure	- Department			for
Education	(Note 6)							(244)	(244)
Restricted	Expenditure	- Paul Hamlyn
Foundation	(Note 6)							(19,945)	(19,945)
Restricted	Expenditure	-Gareth	Thomas
(Note 6)								(6,599)	(6„599)
Restricted	Expenditure	- Lord Nash		(Note 6)				(5,279)	(5,279)
Restricted	Expenditure	-Welsh	Government
(Note 6)								(26,794)	. (26,794)
Governance	costs (Note 7).						3,326	29,930	33,256	23,612
Depreciation							554	4,986	5,540	5,598
Total							74,588	894,726	969„314	985,386

Staff costs
			2023	2022
			F.
Wages and	salaries		1,002,180	965,393
Social security costs			105,824	1QQ,Q91
Contribution	to defined contribution	pension scheme	75,481	71,042
			1,183,485	' 1,136,526

The average	number o	fpers	ons employed by the charity during	the year was as follows:
				2023	2022
				No	No
Management,	research	and	administrative		21

2023	2022
No	No

			Fixtures and	Office
			fittings f	equipment F	Total
		Cost or valuation
	'	At 1 April 2022	8,'l96	44,868	53,064
		Additions		11,304	11,304
		At 31 March 2023	8,196	56,172	64,368
		Depreciation
		At 1 April 2022	8,196	38,607	46;803
		Charge for the year		5,540	5,540
		At 31 March 2023	8,196	44,147	52,343
		Net book value
		At 31 March 2023		12,025	12,025
		At 31 March 2022		6,261	6,261
11.		Debtors
				2023	2022
		Due within one year
		Trade debtors		75,081	68,925
		Other debtors		31;612	31,912
		Prepayments and accrued income		400,532	356,454
		Tax recoverable			246
				507,225	457,537

		2023	2022
Trade creditors		4,104	31,350
Other taxation and social security		63,132	63,613
Other creditors		1,264	11,892
Accruals and deferred	income	114,399	81,481
		182,899	188,336
		2023	2022
Other taxation and social security
PAYE / Nl control		30,246	31,732
VAT control		32,886	31,881
		63,132	63,613

Reconciliation ofn	et	moveme	nt in funds	to net cas	h flow from operat	ing activities
						2023	2022
						f.
Net income/expenditure Activities)		for the	year (as per	Statement	of Financial	(53,251)	447,305
Adjustments for:
Depreciation charges						58540	5,598
Interest received						(6,146)	(726)
{Increase) / decrease		in debtors				(49,687)	{222,939)
Increase / (decrease)		in creditors				(5,437)	27,046
Net cash provided	by/(used		in) operating	activities		(108,981)	256,284

						2023	2023	2022	2022
						E	K
Income
Donations and grants						101,789		365,000
Conference and events						383,949		307,494
Research and projects						287,733		406,917
Restricted grants receivable						430,760		592,595
Subscriptions and publications						149,883		97,575
Bank interest receivable						6,146		726
Miscellaneous income						544		11,921
Gross income in the reporting		period					1,360,804		1,782,228
Less:
Costs ofgenerating funds
Conference and events						62,038		59,102
Research fees and subsciptions						14,400		9,643
Wages and salaries						1,002,180		965,393
Employer's national insurance						105,824		100,091
Pension costs						75,481		71,042
Ofhce costs						81,688		75,394
Website and IT costs						19,005		14,664
Advertising, marketing and	recruitment					9,675		6,401
Auditors' remuneration (including underprovision)			prior	year		12,873		7,679
Accountancy and payroll fees (including underprovision)				prior year		8,743		6,462
Bookkeeping (non-audit)						3,165		3, 125
Legal fees						8,475		6,347
Staff welfare						2,905		2,176
Bank charges						337		331
Travel						859		402
Mileage						51
Depreciation						5,540		5,598
Entertainment						814		1,073
Total expenditure							1,414,053		1,334,923
Net (expenditure)/income reporting period	before		taxatlon for the				(53,249)		447,305
Net (expenditure)/income	for the		reporting		period		(53,249)		, 447,305
(Deficit)/Surplus for the reporting			period				(53,249)		447305
									Page 26