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2021-12-31-accounts

CONTENTS Page
Charity Reference and Administrative Details
Trustees'
Annual
Report		 2-5
Independent
Examiner's
report
Statement offinancial
activity
Balance sheet
Statement ofcash flows
Notes to the financial
statements		 10-19

Charity name: Charity name: Reform Research Trust Reform Research Trust Reform Research Trust
Charity number: 1103739
Company number: 05064109
Trustees: JE Palmer (Chair)
C EDavies
JW Sillem
Dr LD Stoimenova
Secretary: C EPickles
Principal address and
registered office: The Evidence Quarter, Albany House, Petty France, London, SW1H 9EA
Independent Wheawill & Sudworth Limited, Chartered Accountants, 35 Westgate,
Examiners: Huddersfield, HD1 1PA
Principal bankers: Lloyds Bank
1 Legg Street
Chelmsford
CM1 1JS
Solicitors: Wilsons, Alexandra House, St.Johns Street, Salisbury, Wiltshire, SP1 2SB

31D ECEMBER 2021
Total Total
Unrestricted Restricted Funds Funds
Note Funds Funds 2021 2020
Incoming
resources
3 Donations
and legacies		 174,202 174,202 451,631
4 Rent receivable 43,732 43,732 59,442
5 Investment
income
Total income and endowments 217,934 217,934 511,073
Expenditure
on
6 Cost ofgenerating
funds		 18,376 18,376 65,191
6 Charitable
activities		 287,467 23,497 310,964 711,742
6 Governance
costs		 2,750 2,750 10,517
Total charitable
expenditure		 308,593 23,497 332,090 787,450
Total resources expended 308,593 23,497 332,090 787,450
Net (expenditure)/income (90,659) (23,497) (114,156) (276,377)
14 Gross transfer
between		 funds 2,527 (2,527)
Net movement
in funds		 (88,132) (26,024) (114,156) (276,377)
Total funds brought
forward		 726,056 26,024 752,080 1,028,457
Total funds carried forward 637,924 637,924 752,080

Notes 2021 2020
Fixed assets
10 Tangible
assets		 9,538 17,768
Current
assets
12 Debtors 7,582 90,048
Cash at bank and in hand 642,929 771,209
650,511 861,257
13 Creditors:
amounts		 falling
due within one year (22,125) (126,945)
Net current assets 628,386 734,312
Net assets 637,294 752,080
Funds
Unrestricted funds 637,924 726,056
14 Restricted
funds		 26,024
Total funds 637,924 752,080

2021 2020
Note
18 Net cash fiow from operating activities
Cash absorbed
by operations		 (172,412) (150,730)
Cash flow from investing activities
Proceeds ofsale oftangible fixed assets 400
Rent received 43,732 59,442
Net cash flow from investing activities 44,132 59,442
Net (decrease) in cash and cash equivalents (128,280) (91,288)
Cash and cash equivalents at 1January 2021 771,209 862,497
Cash and cash equivalents at 31December 2021 642,929 771,209
Cash and cash equivalents consist of:
Cash at bank and in hand 642,929 771,209
Cash and cash equivalents at 31December 2021 642,929 771,209

Unrestricted Restricted 2021 2020
Funds Funds Total Total
Donations &Gifts 174,202 174,202 451,631
4 Rent Receivable
Unrestricted Restricted 2021 2020
Funds Funds Total Total
Rental income 43,732 43,732 59,442
5 Investment Income
Unrestricted Restricted 2021 2020
Funds Funds Total Total
Interest received

6 Expenditure Cost of Charitable Charitable Governance 2021 2020
Generating Activities Costs Total Total
Funds
Staffcosts 15,376 228,677 244,053 421,840
Fundraising
events
15,376 228,677 244,053 421,840
Share ofsupport costs (note 7) 3,000 82,287 85,287 355,093
Share ofgovernance costs (note 7) 2,750 2,750 10,517
18,376 310,964 2,750 332,090 787,450
Analysis
by fund
Unrestricted
funds - general		 18,376 287,467 2,750 308,593 760,052
Restricted
funds		 23,497 23,497 27,398
18,376 310,964 2,750 332,090 787,450
7 Support Costs
Support Governance 2021 2020
Costs Costs Total Total
Rent and other office costs 78,742 78,742 351,462
Professional fees 3,945 3,945 876
Policy events 2,600 2,600 2,755
Audit/Independent examination fees 1,250 1,250 1,500
Accountancy 1,500 1,500 1,500
Legal and professional 7,517
85,287 2,750 88,037 365,610

9 Wages &Salaries 2021 2020
Wages &salaries 244,053 421,840
2021 2020
No No
Employees 5 9

10 Tangible fixed assets
Leasehold Fixtures and Office
property Fittings equipment Totals
Cost:
At
1 January 2021		 180,294 9,113 73,598 263,005
Additions
Disposals (180,294) (9,113) (3,600) (193,007)
At 31 December 2021 69,998 69,998
Depreciation:
At
1 January 2021		 180,294 6,199 58,744 245,237
Charge for the year 3,179 3,179
Eliminated
on disposal		 (180,294) (6,199) (1,463) (187,956)
At 31 December 2021 60,460 60,460
Net book value:
At 31 December 2021 9,538 9,538
At 31 December 2020 2,914 14,854 17,768
11 Financial instruments 2021 2020
Carrying
amount offinancial assets
Trade &other debtors and VAT (note 12) 2,182 76,800
Carrying
amount offinancial liabilities
Trade &other creditors and accruals (note 13) 14,135 11,458
12 Debtors:
amounts		 Debtors:
amounts		 falling due within one year 2021 2020
Prepayments and accrued income 5,400 13,248
Trade debtors 76,800
VAT recoverable 1,462
Other debtors 720
7,582 90,048

13 Creditors:
Amounts		 falling due within one year 2021 2020
Taxation & social security 4,499 29,039
Deferred income 3,491 86,448
Trade creditors 6,851 1,731
Other creditors 662 24
Accruals 6,622 9,703
22,125 126,945

Net movement Transfers
At 1.1.21 In funds Between funds At 31.12.21
E
Restricted funds
Baxter 2,527 (2,527)
Amazon Web Services 23,497 (23,497)
26,024 (23,497) (2,527)
Incoming Resources Movement in
Resources Expended Funds
E
Restricted funds
Baxter
Amazon Web Services (23,497) (23,497)
(23,497) (23,497)

Analysis of net assets between
funds
Total
Unrestricted Restricted Funds
2021 2021 2021
Fund balances at 31 December 2021 are
represented by:
Tangible Assets 9,538 9,538
Current assets/(liabilities) 628,386 628,386
637,924 637,924
Total
Unrestricted Restricted Funds
2020 2020 2020
f f
Fund balances at 31 December 2020 are
represented by:
Tangible Assets 17,768 17,768
Current assets/(liabilities) 708,288 26,024 734,312
726,056 26,024 752,080

The total future minimum The total future minimum lease payments under non-cancellable operating
leases are as follows: 2021 2020
Expiring:
In less than I year
In more than one year but not more than 5 years
In more than 5 years

2021 2020
Net (expenditure)
for the year		 (114,156) (276,377)
Adjustments
for:
Rental income recognised
in statement offinancial		 activities (43,732) (59,442)
Depreciation oftangible
fixed assets		 3,179 72,065
Loss on disposal oftangible
fixed assets		 4,652
Increase/(decrease)
in deferred		 income (82,957) (20,391)
(Increase)/decrease
in debtors		 82,466 178,068
Increase/(decrease)
in creditors		 (21,864) (44,653)
Net cash flow from operating activities (172,412) (150,730)