2023-09-30-accounts - Kidney Research Yorkshire

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Business Information
Report ofthe Trustees
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet		10
Notes tothe Financial Statements		12

PATRONS:		The Lord St.Oswald	The Lord St.Oswald
		Trevor Gurney,	FCA
		Christine Talbot
		Judith Blake
		Prof. Alex M. Davison, RD, MD, FRCP
		Danni Hewson
		Matthew Lewis
		Kevin Sinfield MBE
		Stuart Andrew MP
		Professor Graham A. Leslie Hon DBA, CBE
		Tim Hogarth
SECRETARY:		Rachel Dunhill MAAT, ACA
REGISTERED	OFFICE:	StPeg's Mill
		Brighouse
		West Yorkshire
		HD6 4AH
BANKERS:		Yorkshire Bank	PLC
		94-96Briggate
		Leeds
		LS16NP
INVESTMENT	FUND MANAGERS:	Brewin Dolphin SecunTies Limited P0Box512
		National House
		36StAnn Street
		Manchester, M60 2EP
INDEPENDENT	EXAMINER:	Daniel Brownhill	FCA, FMAAT
		Integra Advisers	LLP
		1 Westleigh Hall
		Wakefield Road
		Denby Dale
		Huddersfield
		HD8 8QJ

~Ch N~nmter: O~t:	1106412 5255555
~Ri t %ON:	StP 5' Nlt
	Brighouse
	West Yorkshire
	HD6 4AH

Inde endent Examiner:	Daniel Brownhill	FCA FMAAT
	Integra Advisers	LLP
	1 Westleigh Hall
	Wakefield Road
	Denby Dale
	Huddersfield
	HD8 8QJ
Bankers:	Yorkshire Bank	PLC
	94-96Briggate
	Leeds
	LS16NP

		Notes	Unresbicted Funds	Restricted Funds	Total	Total
					2023	2022
INCOME:
Donations and legacies		2	44,736		44,736	106,944
Other eading activities		3	18,994		18,994	42,203
Investments		4	28,745		28,745	21,880
Other —JRSgrant						1,023
TOTAL INCOME			92,475		92,475	172,050
EXPENDITURE:
Cost ofraising funds			48,224		48,224	67,016
Charitable actMties			189,257	(8,334)	180,923	133,301
Other —soltware costs			41		41
TOTAL EXPENDITURE			237,522	(8,334)	229,188	200,317
Net (expenditure)/income	and
Net movement in funds before
gains and losses in invesbnents			(145,047)	8,334	(136,713)	(28,267)
Net gain/(loss) on investments			67,065		67,065	(203,478)
Net (expenditure)lincome	and	net
Movement in funds forthe year			(77,982)	8,334	(69,648)	(231,745)
Tolal funds brought forward			1,376,902	38,129	1,415,031	1,646,776
Total funds carried forward			1,298,920	46,463	1,345,383	1,415,031

	Notes	Unrestricted Funds	Restricted Funds	Total	Total
				2023	2022
				E	5
FIXEDASSETS
Investments	10	1,433,509	46,463	1,479,972	1,494,779
CURRENT ASSETS
Debtors	11	656		656	2,682
Cash at bank and in hand	12	13,742		13,742	99,532
Total current assets		14,398		14,398	102,214
CREDITORS Amounts
falling due within one year	13	(108,987)		(108,987)	(170,978)
NET CURRENT (LIABILITIES)/ASSETS		(94,589)		(94,589)	(68,764)
NETASSETSLESSCURRENT
LIABILITIES		1,338,920	46,463	1,385,383	1,426,015
CREDITORS Amounts
falling due alter one year	14	(40,000)		(40,000)	(10,984)
NETASSETS		1,298,920	46,463	1,345,383	1,415,031
The funds ofthe charity:
Restricted income funds	16		46,463	46,463	38,129
Unrestricted income funds	15	1,298,920		1,298,920	1,376,902
		1,298,920	46,463	1,345,383	1,415,031

==> picture [433 x 129] intentionally omitted <==

3.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
				Unresbtcted	Restricled	Total	Total
				Funds	Funds	Funds	Funds
						2023 k	2022 f
	Dinner dance income			430
	Fund raising	events		18,564		18,564	6,343
				18,994		18,994	42,203
4.	INVESTMENT
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2023	2022
						E	E
	Investment	income		27,218		27,218	21,214
	Bank interest			871		871	13
	Gilt Aid			656		656	653
				28,745		28,745	21,880
5.	COSTSOF	GENERATING
	VOLUNTARY INCOME
				Untastricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2023	2022
							F
	Dinner dance costs						18,083
	Advertising			4,800		4,800	5,440
	Fundraising	events		4,473		4,473	5,087
	Website 8 e-mail costs						250
	Rent			2,795		2,795	2,795
	Staffcosts			23,683		23,683	23,437
	Travel costs			364		364	527
	Newsletter costs			2.123		2.123	820
	Posh', pnnting and stationery Telephone			8 639		8 639	113 542
	Investment	management	fees (note 6)	9,041		9,041	9,706
	Just giving fees			274		274	216
	Sundry			24		24
						48,224	67,016

6.	INVESTMENT MANAGEMENT	INVESTMENT MANAGEMENT	INVESTMENT MANAGEMENT
	COSTS
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2023	2022
						6	L'
	Brewin Dolphin fees			9,041		9,041	9,706
7.	CHARITABLE ACTIYITIES
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2023	2022
						E	6
	RalTcosts			23,683		23,683	23,437
	Stationery,	printing	and postage	8		8	113
	Rent			2,795		2,795	2,795
	Grants (note 8)			148,820	(8,334)	140,4&6	94,470
	Governance	costs	(note 9)	13,951		13,951	12,486
				189,257	(8,334)	180,923	133,301

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2023	2022
						E	6
Dr Winterbottom				29,979		29,979
KRUK —Professor Johnson
KRUK —Professor McDonald				61,500		61,500
Dr Lewington —release	unused		grant	(1,159)		(1,159)
Dr Will —release unused	grant				(8,334)	(8,334)
Dr Lewington							94,512
Dr Drinkhifi —release unused		grant					(42)
				148,820	(8,334)	140,4&6	94,470

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
					2023	2022
					E	E
Staff coals			7,711		7,711	7,631
Postage, stationery		and printing	2		2	37
Insurance			273		273	266
Rent			910		910	910
Computer costs						38
Independent	examination		3,300		3,300	3.120
Payroll costs			173		173	172
Finance charges			654		654	312
Legal fees			928		928
			13,951		13,951	12,486

				30September 2	023
10.	INVESTMENTS
	Quoted investments					2023		2022
							E	E
	Market value at 1 October 2022					1,422,369		1,729,609
	Less: Disposals at opening			book cost		(678,045)		(531,752)
	Add: AcquisiTions atcost					664,121		400,778
	Net gain on revaluation			at30September 2023		33,337		(176,266)
	Market value at30	September 2023				1,441,782		1,422,369
	Cash held in invesknent		porffolio			38,190		72,410
	Total investments	at	30September 2023			1,479,972		1,494,779
	Historical cost at30	September 2023				1,309,627		1,316,262
	Investments are analysed			as follows:
					2023			2022
				Market		%ofTotal		%ofTotal
				value				value
						f'		F
	Absolute Return			63,847		4.31%	61,741	413%
	Asia PaciTic Equities			78,698		5.32%	82,321	5.51%
	Emerging Markets Equities			6,336		0.43%	9,454	0.63%
	UK Equities			226,012		15.27%	284,354	19.02%
	European EquiTies			59,925		4.05%	49,140	3.29%
	Global Investments			89,708		6.06%	62,773	4.20%
	Japanese Equities			40,674		2.75%	36,393	2.43%
	Property			28,257		1.91%	30,566	2.04%
	UK Bonds			84,360		5.70%	104,424	6.99%
	N American EquIes			344,761		23.30%	375,618	2513%
	Commodities			38,220		2.58%	43,034	2.88%
	Overseas Bonds			127,989		8.65%		3.28'Yo
	Other			51,503		3.48%	40,482	2.71%
	COIF			201,492		13.61%	193,085	12.92%
	Cash			38,190		2.58'Yo	72,410	4.&4%
	SUBTOTAL			1,479,972		100.00%	1,494,779	100.00%

11.	DEBTORS
				2023	2022
				E	E
	Prepayments	and accrued	income		2,682
				656	2,682
12.	CASH AT BANK
	Current Accounts			12,562	97,816
	Deposit Accounts			919	887
	Petty cash
	Just Giving			205	783
				13,742
13.	CREDITORS	—Amounts	falling due within one year
				2023
				6
	Other creditors			19,876	19,921
	Grants committed			81,289	143,279
	Other taxation	and social	secudty	2,244	2,332
	Accruals and	deferred income		5,578	5,446
				108,987	170,978
14.	CREDITORS- Amounts		falling due after more than one year
				2023 E	2022f
	Grants committed				10,984
					10,984

		Balance	Income	Expenditure	Gain/(loss)	Balance
		01/10/22			on revaluabon	30/09/23
Unrestricted	funds	1,376,902	92,475	(237,522)	67,065	1,298,920
		1,376,902	92,475	(237,522)	67,065	1,298,920
		Balance	Income	Expenditure	Gain/(loss)	Balance
		01/10/21			on revaluation	30/09/22
Unrestricted	funds	1,608,647	164,350	(192,617)	(203,478)	1,376,902
		1,608,647	164,350	(192,617)	(203,478)	1,376,902

The income includes restricted	funds as reported in t	he Statement	ofFinancial A	ctivibes	as follows:
	Balance at	Release	Transfer	to	Balance at
	01/10/22	Unused grant	Unrestricted	fund	30/09/23
	6	F			6
Icebirg Project	29.111				37,445
Legacy —Mary Strang	9,018				9,018
	38,129	8,334
	Balance at	Income	Transfer	to	Balance at
	01/10/21 6		Unrestricted f	fund	30/09/22 f
Icebirg Project	29,111				29.111
Legacy —Mary Strang	9.018				9,018
CPEXequipment		2,500	(2,500)
Dr Daga —Novarbs		5,200	(5,200)
		7,700	(7,700)		38,129

ALLOCATION OFSUPP	ORT COS	TSAND OVERHE	ADS
	Total		Costs of	Charitable	Basis of
	Allocated	Governance	raising funds	activiTies	Apporbonment
Cost type
Stalf costs	55,077	7,711	23,683	23,683	14:43:43%
Rent	6,500	910	2,795	2,795	144343%
Postage and stationery	18	2	8	8	14:43:43%
	61,595	8,623	26,486	26,486
NALYSIS OF NET ASSETSBETWEEN FUNDS
		Unrestricted	Restdicted	2023	2022
		Funds	Funds	Total	Total
		6	6	6	6
Fixed asset investments		1,433,509	46,463	1,479,972	1,494,779
Current assets		14,398		14,398	102,214
Current liabilities		(108,987)		(108,987)	(170,978)
Long term liabilities		(40,000)		(40,000)	(10,984)
Net assets as at30September 2023 1,298,920			46,463	1,345,383	1,415,031
		Unrestricted	Restricted	2022	2021
		Funds E	Funds E	Total f	Total L
Fixed asset investments		1,494,779		1,494,779	1,776,993
Current assets		34,100	68,114	102,214	33.113
Current liabilities		(140,993)	(29,985)	(170,978)	(163,330)
Long term liabilities		(10,984)		(10,984)
Net assets as at30September 2022 1,376,902			38,129	1,415,031	1,646,776

==> picture [433 x 34] intentionally omitted <==