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