Annual Report & Financial Statements
For the year ending 31[st] March 2021
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Welcome to our Annual Report and Financial Statements
| Contents | |
|---|---|
| Letter from the Chair | 3 |
| Trustees’ Strategic Report | 4 |
| Achievements & Performance | 6 |
| Thank You | 11 |
| Trustees’ Report | 12 |
| Treasurer’s Report | 15 |
| Auditor’s Report | 16 |
| Financial Statements | 19 |
Partnerships & Affiliations
We are pleased to continue working with many groups, including:
Letter from the Chair
For more than a year now, our headlines have been dominated by the global Covid pandemic. The impact on the public has been significant and especially so on the SMA Community. Many of you have faced a year of shielding, stress, and isolation. I hope that during this time, SMA UK has been able to provide support and information that has been of some assistance.
As I write this update, I am heartened by the news that Baby Arthur has become one of the first patients to be treated on the NHS with Zolgensma. This has coincided with the report of zero Covid deaths for the first time since last March. While there may appear to be light at the end of the tunnel, there are still many, many challenges on the horizon. We at SMA UK will continue, amongst other things, to focus our efforts on the campaign for access to the right drugs, support, and care for all those affected by SMA. You can read more about our involvement as well as some of the great outcomes on pages 6 to 10 of this report.
Despite the fact that home visits had to be curtailed, our Outreach & Support service carried on throughout the year, providing individual support in the UK by phone and email to over 200 children, young people and adults who have SMA, and their families. Our website remains an important source of information with more than 84,000 people visiting our site, an increase of almost 20% since 2019. We also added an area dedicated to Covid-related information and responded to your specific questions, working closely with MDUK to channel to leading clinicians. We also started our Community Connections Team, ably led by Martyn Sibley, along with an enthusiastic group of young adults, which provides virtual connections, webinars, videos and now podcasts which further enhances the rich content of information and advice available on our website.
Covid has impacted many aspects of our operation, none more so than fundraising. We were forced to cancel or postpone a number of events and this had the potential to materially impact our finances. However, during the twelve months to 31st March
2021 we benefited from an accelerated payment from the Big Lottery, received support donations from a number of pharmaceutical companies, and made careful use of the government's furlough scheme. Most importantly, we enjoyed tremendous support from the SMA Community. Your overwhelming generosity has meant that our financial position remains sound.
Throughout the year we have been busy improving and strengthening the foundations of SMA UK. I am pleased to report that the Board welcomed 8 new Trustees who bring an exciting range of knowledge and experiences. The work to become a Charitable Incorporated Organisation (CIO) is well underway and in April of this year we lodged our application with the Charities Commission. Finally, I am pleased to introduce you to our new CEO, Angela Morgan-Smith, who started with us in April, too.
I would like to thank all of the retiring Trustees and, especially, my predecessor, Hugo van Vredenburch. His contribution to the charity has been immense. We will miss his thoughtfulness, leadership, wisdom, energy, and, above all, his enthusiasm. In particular, I would like to recognise his extraordinary contribution to our fundraising efforts which included his willingness to get on a bike for a sponsored ride!
Finally, I must thank our extraordinary team at SMA UK, many of whom have worked literally all hours of the day to keep our services going during this very difficult period. I really don't know how you did it! In particular, I want to say a heartfelt thanks to Liz Ryburn, Support Team Manager, and Caroline Dolan, Fundraising Manager for your incredible leadership and unfailing dedication.
Thank you.
Mark Dearlove, 1st June 2021
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Trustees’ Strategic Report
Spinal Muscular Atrophy (SMA) is a rare, genetically inherited neuromuscular condition affecting children, young people and adults. It causes progressive muscle weakness and loss of movement due to muscle wasting (atrophy). This may affect crawling and walking ability, arm, hand, head and neck movement, breathing and swallowing. The impact and severity of SMA varies greatly. It is thought that there are between 670 – 1340 children, young people and adults, who have SMA, living in the UK and that some 71 babies born each year will have some form of SMA.
Our Charity
The Jennifer Trust for SMA was founded in 1985. In April 2014, it became Spinal Muscular Atrophy Support UK. The SMA Trust was set up in 2003. In 2018, the two merged as Spinal Muscular Atrophy UK.
Our Vision
Everyone affected by SMA has access to the best care, support and drug treatments; research continues to bring breakthroughs that improve people’s quality of life, and ultimately aims to find a cure.
Our Mission
To provide accurate information and a wide range of support services, while working to improve access to the best care, services and drug treatments today and funding research projects that can change tomorrow.
Our Guiding Principles
Spinal Muscular Atrophy (SMA) is a complex and rare neuromuscular condition that affects each individual and their family differently. We will always be respectful of each person’s needs and choices. All face the challenge of disability and obtaining the right support, care and opportunities to enable them to live long and fulfilling lives; some face the distress of early bereavement.
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Our Strategy
Providing Information and Support Services in the UK for:
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families and individuals – personalised information about SMA; emotional and practical support; advocacy for services and access to care and drug treatments; opportunities to have contact with others affected by the condition.
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health, education and social care professionals – information about SMA; working with them to support families and individuals.
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the SMA Community - up-to-date information about developments in research, drug treatments, support and disability services, consultations and campaigns.
Funding and Supporting Research:
Pharmaceutical companies are now investing heavily in the clinical development of drug treatments; these are important stepping stones that we will continue to monitor and support. Our funding focus will now be on projects that contribute to:
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understanding the complexities of SMA and the underlying disease mechanisms.
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• the pre-clinical development of drug treatments.
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improvements in the clinical care and management of people affected by SMA.
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continuing to support, strengthen and develop the capacity of the UK SMA scientific and clinical community.
Working to Improve and Monitor SMA Community Access to:
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care and support.
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clinical trials and new drug treatments.
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• equipment and adaptations.
We are advocates on behalf of the SMA Community to authorities that regulate access to drug treatments, care and services. We work with other charities, health, education and social care professionals, and national and international charities and organisations to campaign on issues that matter to people affected by SMA. We support developments that improve and monitor access to services and drug treatments.
Our excellent track record of raising and delivering money to the scientific community, along with our strong connections and collaborations with clinicians, researchers, international groups and the pharmaceutical industry, ensure we are not duplicating efforts when we fund and support initiatives that will ease the path to drug treatments and improvements in clinical care.
Where we can make a difference, we will.
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Achievements & Performance
Our Team
We have fantastic networks of more than 150 adults, young people and parents in the SMA Community who work with us in various ways and are always willing to review our information, answer questions and offer their experiences, tips and advice.
We have a small Support Services Team of experienced staff (Claire, Maggie, Michele, Jackie, Jo, Dermot, Libby and Liz, with backgrounds in social work, nursing, occupational therapy, mental health, education and disability-related services – 6.3 FTEs). This year, though, saw the team’s working hours much reduced at times due to the impact of Covid-19 on the charity’s income.
Our Scientific Research Correspondents always make themselves available to us despite their other work and roles: Dr James Sleigh leads his own laboratory research team and Vanessa ChristieBrown is also the SMA Europe Coordinator.
Outreach and Support
routine healthcare and monitoring impossible for so many, worries about PAs and carers in the home, and who would have priority with the vaccine roll-out. To have your child diagnosed with SMA when you couldn’t be with family and friends would have been shattering.
“We hugely appreciate all the support the charity has provided to us; it has been a comfort during these dark days.” Parent of a newly diagnosed baby.
Though we were unable to make home visits for most of the year, we still provided individual support in the UK by phone and email to 207 children, young people and adults who have SMA, and their families. Everyone’s circumstances, requests and needs were different with more and more people facing complex and challenging times during the year.
“…we really appreciate all the help, advice and time you gave us through the whole process we know none of this would have been possible without you guys and can't thank you enough - all going well you can come and see the changes for yourself.” Parent negotiating housing adaptations.
“Thank you very much for your support and continued hard work on behalf of us all.”
Adult asking advice for a shielding letter.
“Thank you for checking in on us. It’s really nice to know that there’s a community out there, even though we haven’t physically been out for 3 weeks now, we still feel part of it.” Parent of child, family shielding.
This was a year of shielding, stress and isolation for so many families and adults in the Community.
Children home-schooled, adults working from home, feeling too unsafe to go out, losing jobs and facing financial insecurity,
Information
We also did our best to support the Community by developing a whole website area dedicated to Covid-related information that had 2,450 visitors. We were asked many SMA-specific questions that were worrying people and worked with MDUK to channel these to leading clinicians. We were immensely grateful to the clinicians for responding so quickly, on top of their very stressful caring roles, and were able to keep getting answers out to the Community via our website and social media.
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During the year, 84,272 people accessed our website (a 19.5% increase on 2020). Information, Support, and Treatment & Research-related pages in the top ten website page views were:
| Page name | Total views 2020 |
|---|---|
| SMA Information | 6,776 |
| Support | 5,512 |
| About SMA | 3,368 |
| Nusinersen | 4,106 |
| Zolgensma | 4,061 |
| Risdiplam | 4,074 |
We remained accredited to The Information Standard, publishing up to date, evidencebased and accurate information relating to SMA – about the condition and its management, clinical trial results and the new drug treatments.
treatment developments, consultations, surveys, fundraising activities, and other information and news. In October, we took a snapshot of our social media reach:
| October | 2019 | 2020 |
|---|---|---|
| Facebook likes | 4,458 | 4,632 |
| Twitter followers | 1,694 | 2,059 |
| Instagram followers | 678 | 1,136 |
With so many different ways of being in touch, and not always knowing who we’re reaching, it’s difficult to know exactly how many of them have SMA and are in the UK. Our best estimate, based on our mailing list, is that we’re in contact with some 780 households where there is a parent of a child / young person who has SMA or an adult who has SMA (2019: 600). Similarly, we’re in contact with more than 360 families bereaved by SMA.
The team also directly supported 67 health, education and social care professionals in their work with people who have SMA.
“Thank you for all the information, it's really helpful and some great resources and contacts for me to link in with to try to resolve the situation I was dealing with.”
The ‘Living With SMA’ website section was visited by 2,800 people during 2020. Divided into three main sections for parents of children, teenagers and adults, it builds on knowledge and advice from the SMA Community and SMA UK’s Support Team. It covers a whole host of topics including health & wellbeing, equipment, homes, education, work, transport, leisure, and financial, emotional and social support.
livingwithsma.org.uk
Our monthly E-news bulletin mailing list saw new people sign up. Overall, we saw an increase to just under 3,000 with an opening rate at 28% (2019: 2,900, 26.3% - similar mailings across the sector are 21%). These mailings also kept the Community informed about access to
Neuromuscular Care Advisor – advice on transport / car seats for under 3s.
As members of the UK-wide SMA REACH paediatric and adult clinical networks of professionals from specialist centres, we keep in touch with many more who keep us up to date with developments and the challenges they are facing – which were huge this year. In turn, we keep them informed about issues we are seeing and what we can do to assist.
Though we focus on the UK, we always reply to overseas enquiries, with so many families desperately seeking treatment. We do our best to link people in to support networks and give relevant information.
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Multisensory Toy Packs
This year, though we only had 18 requests for these packs for infants aged up to 12 months of age, each one was welcomed by families who were coping not only with the distress of their child’s diagnosis but also Covid and their isolation.
“Thank you so much, it is clear a lot of care and consideration has gone into providing toys for throughout the day, playtime, bath time and bedtime. My baby loves the toys and plays with them every day.”
We were delighted to invite Martyn Sibley and an enthusiastic group of young adults to become our ‘Community Connections Team’ and join us in setting up virtual connections and chats.
Access to treatment, especially how it would be impacted by Covid, was a hot topic, so we started with a health and wellbeing webinar series, with Martyn hosting community webinars with leading UK clinical experts. Other members of the group hosted a wide range of other sessions from: ‘Preparing for Uni’ to ‘Having SMA and becoming a parent’, to ‘Parents: Ask us anything!’. All were released on social media and have a more permanent home on our Living With SMA pages. There were also several virtual socials - not quite like the real thing, but very much enjoyed by those who did drop in.
Virtual networks also proved to be a lifeline for many - the Adult Facebook Group, Young Adults Network, and one for Community Questions where people aged 18+ affected by SMA share what has worked for them, their tips and ideas.
Mum of a baby who has SMA Type 1.
smauk.org.uk/connect-with-others
Connecting With Others
With the possibility of our long planned face-to-face events out of the question (a family day in London in April 2020, and, in August 2020, the first ever national weekend event for adults to get together and then to be joined by families), we had to think fast to set up new opportunities and do all we could to help reduce the social isolation of the year and the impact of this on people’s mental health and wellbeing.
Advocacy For SMA
Throughout the year, we worked with many other patient groups, alliances and clinicians on Covid-related issues. This included advocating for people with SMA at risk to be on the extremely vulnerable list and able to access the support they needed to shield. We also advocated for them to be high on the vaccine priorities list, along with their families and carers, and for safe vaccines for children at risk to be made available as quickly as possible. Our support work continues on the many other impacts of the pandemic on family income, mental health, education and access to routine healthcare.
Advocacy for access to drug treatments didn’t stop. Notably, this year, the National Institute of Health and Care Excellence (NICE) announced that it would conduct an evidence review to see if there should be any change to their recommendation that had limited access to nusinersen for those who have SMA Type 3.
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We were grateful to the people who had been affected by this for responding to our surveys about the impact it had had on them. We also heard from people who had had access in other countries about the positive impact treatment had had for them and from families with children in the UK who had access, but treatment would stop if their child didn’t gain the ability to walk 5 steps within a year. We were able to submit all this evidence via Biogen to NICE. Clinicians and other groups also gathered and submitted their findings.
The outcome of NICE’s decision wasn’t known until May 2021, but as this was so momentous for so many, we have to mention here that the recommendation was changed to give access to all who have SMA Type 1, 2 or 3 for whom nusinersen is a clinically safe option.
all conditions. These did, though, start for the gene therapy onasemnogene abeparvovec (Zolgensma[TM] ). We gathered community views, wrote joint submissions with MDUK and were patient experts at committee hearings.
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Again, it’s impossible not to mention here that in April 2021 this one-time gene therapy was given the green light for treating eligible children who have SMA Type 1 for whom it is clinically safe, and also for pre-symptomatic children.
For many who have SMA Type 1 or 2, news of the Compassionate Use Programme (CUP) followed by the UK Early Access to Medicines Scheme (EAMS) for the oral treatment risdiplam was huge. This could be prescribed to those for whom the licensed treatment nusinersen was not clinically suitable.
We continued to work collaboratively with other members of the Managed Access Agreement Oversight Committee, including clinicians and representatives from NICE, NHS England, MDUK and TreatSMA, to monitor the roll-out of nusinersen treatment.
NHS England and Centres that had already started the programme gave it high priority, adjusting monitoring and delivery so that it could continue as safely as possible. Adult delivery, however, faltered badly and though in many areas this was due to the impact of Covid on all hospital services, this was not always the only reason. We therefore worked with others to try to uncover and address what other issues were causing delays.
This year inevitably saw delays in both NICE and the Scottish Medicines Committee (SMC) appraisals of the clinical and cost-effectiveness of all treatments for
Yet again, though, this left those diagnosed with SMA Type 3 behind. At this stage, those who had lost walking ability couldn’t access nusinersen and no one diagnosed with SMA Type 3 could access risdiplam as these schemes are only provided when a condition isn’t life threatening – with SMA Type 3 not considered to be so.
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In October, with input from 137 people in the Community who responded to our survey about risdiplam, we again made a joint submission to NICE which had begun its appraisal process.
We argued strongly that the key outcome people are looking for is stabilisation of their condition and that fine motor skills, fatigue levels and impact on breathing are of far more value in the day to day lives of many than the ability to walk. We also argued that the clinical classifications and ‘Typing’ of SMA was introduced in 1990 by a committee of clinicians and geneticists to promote collaborative studies between different centres and to identify the genes of SMA. It was never designed to be a barrier to access to treatment – and should never be so.
We included in our submission that consideration should be given to the 1% of those diagnosed each year as having SMA Type 4, for whom there is no drug treatment. However, as none of the treatments, thus far, have received licensing authorisation for this group, it has not been possible for the UK regulatory authorities to address this.
With clinical trials and real-world evidence now all showing that early treatment is necessary to maximise the potential benefits of treatment, and pre-symptomatic treatments now available, newborn screening will take centre stage again next year.
Research Grants
Over the last 35 years we have raised and donated £5million in support of research into ground-breaking findings and initiatives that have been key to the development of drug treatments and access to clinical trials.
It was with great regret that, due to the impact of Covid-19 on both MDUK and our funding, we were unable to progress the planned SMA PhD Partnership funding. In March, however, we were able to announce our intention to jointly fund one four-year scholarship to start later in 2021. In the meantime, we have joined with others to highlight the massive impact Covid-19 is having on all research and clinical trials.
We were able to maintain our commitment to the UK SMA Patient Registry . This important database links adults and children who have SMA with researchers conducting studies, including clinical trials of new drug treatments. This is our last year supporting the registry as finally its value has been recognised and funding will now be provided via pharmaceutical grants.
SMA Europe
In the meantime, clinicians who are part of the UK SMA Newborn Screening Alliance continued their work to prepare pilot studies that will provide the evidence that will be needed. We also worked with SMA Europe and the European Newborn Screening Alliance on their preparations to make this one of their major campaigns.
We remained active members of this umbrella organisation of SMA patient and research groups. With 19 member countries, it is a vital network that is progressing many areas of work seeking to elevate the patient voice by empowering member organisations to advocate and campaign at a national level and by harnessing the network to advance research and influence stakeholders at a European level.
Funding of SMA Europe’s research call was also put on hold by all countries this year. We are hoping that by the end of 2021 we will be able to contribute again.
For more information on all these topics: smauk.org.uk/treatments-research www.sma-europe.eu
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Thank you to the Community
Whilst the impact of Covid-19 was felt by everyone this year and income fell, it is only thanks to the kindness and generosity of our supporters that the charity was able to continue to deliver its services in these challenging times.
Thank you to Trusts and Companies
Thank you to all the charitable trusts and organisations that have continued to support SMA UK, including:
We are extremely grateful to everyone who kindly made donations of all sizes and came up with ever more inventive ways to raise funds. From those who donate monthly, to marathon runners and schools and businesses who fundraise, every penny counts, and collectively has made a huge impact.
The SMA Community once again showed support through our virtual event, Marathon in May for SMA, and The Big Give Christmas Challenge. This was especially appreciated when so many people were experiencing the impact of Covid-19 on their lives.
With a gap in income left by the cancellation of so many events, we are particularly grateful to organisations that provided support including AveXis (now Novartis Gene Therapies), Biogen and Roche.
Grants from charitable trusts proved once again to be a vital source of income, as was our funding from The National Lottery Community Fund.
We look forward to continuing to work with the SMA Community and all our supporters in the coming year.
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Report of the Trustees for the year ended 31 March 2021
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and Aims
As stated in its Memorandum and Articles of Association, Spinal Muscular Atrophy UK is established for:
Future Plans
We will continue to: advocate for access to the new drug treatments, representing the views of the SMA Community to regulatory authorities and pharmaceutical companies; monitor the roll-out of NHS programmes and pharmaceutical initiatives, supporting individuals seeking access. We will continue to provide and further develop our information, outreach and support services and opportunities for people in the SMA Community to connect with each other. Our fundraising efforts will need to achieve income levels that will enable us to achieve our goals. We will continue to adapt our working practices to ensure they are safe for both the SMA Community and our staff and Trustees.
Financial Review
Financial Position
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the relief of people living with Spinal Muscular Atrophy and related medical conditions;
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the relief of persons who are in need after experiencing a bereavement or loss due to Spinal Muscular Atrophy;
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the promotion of research into the causes and treatment of Spinal Muscular Atrophy.
Structure, Governance & Management
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's General Guidance on Public Benefit when reviewing the Charity's aims and objectives and in planning future activities.
Achievements and Performance
See pages 6 - 10.
See page 15 Treasurer’s Report.
Investment Policy
No investments are currently held by the Charity. The investment policy is reviewed annually.
Reserves Policy
Restricted reserves will always be applied in accordance with the Trust / donor’s award specification. Where there is no specific budget, an element of general (core) overheads will be recovered against those reserves. The percentage recovery rate is a matter of judgement; however, costs allocated will be reasonable, proportionate, justifiable and transparent.
Unrestricted cash reserves should be not less than three months of unrestricted expenditure, based on the most recent three-months of unrestricted expenditure. In response to the changed circumstances of the Covid-19 pandemic, Trustees have temporarily reduced the reserves policy to two months of predicted future expenditure with an additional buffer of £100,000 to be
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held in reserve in case of unforeseen funding issues.
Governing Document
The Charity is governed by its Memorandum and Articles of Association and constitutes a company limited by guarantee.
Appointment of Trustees
Trustees are recruited as required to fill specific gaps and to complement the management experience of the Board of Trustees. Appointments are made in accordance with the Articles of Association, after the appointment has been approved by the resolution of the Trustees.
Organisational structure
All policy, strategy and financial decisions relating to the Charity have to be formally approved by the Board of Directors. The Board meets six times a year on a bimonthly basis. Three of these meetings are held at the charity's offices in Stratfordupon-Avon, alternating with meetings held by telephone conferencing.
Risk management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees carried out regular reviews of the key risks affecting the Charity in the course of the year and took appropriate action.
Trustees’ Responsibility Statement
The Trustees (who are also the directors of Spinal Muscular Atrophy UK for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland".
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
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- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number Registered Charity number 05137534 (England and Wales) 1106815
Registered office – Unit 9 Shottery Brook Office Park, Timothy’s Bridge Road, Stratford-upon-Avon, CV37 9NR
Trustees
M E Fenton (resigned 30.9.20), Dr H Sobati (resigned 30.9.20), Dr D R Hopkins (resigned 9.7.20), H H C Van Vredenburch (resigned 1.2.21), T J D Sheffield, C S B Knight, Mrs D J Waltier, Dr R Quinlivan, T J Mildon, M T Dearlove, Mrs K M Jackson, M P Collins (appointed 26.11.20), B M O Morris (appointed 26.11.20), Ms L E J West (appointed 26.11.20), Dr A M E Smith (appointed 26.11.20), Dr A M Childs (appointed 26.11.20), Mrs K Y Edwards (appointed 26.11.20), J M Fiorentini (appointed 26.11.20), S Madipalli (appointed 26.11.20), Miss C M Gray (appointed 26.11.20)
Company Secretary
Mrs E Ryburn
Auditors
Cooper Adams Ltd, Chartered Accountants and Statutory Auditors, 12 Payton Street, Stratford-uponAvon, Warwickshire CV37 6UA
Chair Patrons M T Dearlove Professor V Dubowitz
Report of the Trustees, incorporating a strategic report, approved by order of the board of 8[th] July 2021 Trustees, as the company directors, on ............................ and signed on the Board's behalf by:
.............................................................. Mc[ONL] M T Dearlove - Trustee
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Treasurer’s Report
In common with many charities, this has been a difficult year for SMA UK from a financial point of view, as a result of the challenges to fund raising in the environment of the Covid-19 pandemic.
Income for the year was £721k - a decrease of nearly 22% on the prior year. This was driven, primarily, by the reduction in funds from Trustee and community fundraising events which have not been possible due to Covid restrictions. The charity has, however, benefitted from continued Lottery funding as well as pharmaceutical and Trust support and our Fundraising Team have worked tirelessly on virtual events which have mitigated the drop in donation income.
The total pharmaceutical funding received during the year was £112k which was 15.6% of total income as compared to 6% in the prior year. Specific donations received in 2020/21 were £40,000 from AveXis, £39,124 from Biogen and £33,200 from Roche. We are very grateful for the pharmaceutical support of our core services and Community Connections work at a time when fundraising income was severely impacted as a result of Covid-19. We are committed to transparency on pharmaceutical funding and ensure that we do not accepting funding from any party if we feel it will place the charity under undue pressure to act in a way that does not support or compromises our charitable objectives or independence.
SMA UK's spending is broadly divided between information provision, support and research - our charitable purpose - and fundraising and administration. We aim to maximise spending on our core purpose and ensure that other costs are carefully monitored and reduced wherever possible. The charity took a number of steps to reduce costs in response to the impact of the pandemic. Fundraising expenditure for in-person events was reduced saving £121k. A cautious approach was also taken to research activities, in order to conserve funds during the pandemic, resulting in a year-on-year expenditure reduction of £70k. The charity benefited from Government furlough and Covid support schemes amounting to £54k during the year, in order to mitigate staff costs. In addition, SMA UK has moved to new, more cost-effective premises
and renegotiated office infrastructure contracts which put it on an efficient basis going forward.
The total result of these cost control activities was a reduction in expenditure in the year of £272k or 32%. I am also pleased to report that the percentage of our costs that was spent on our charitable purpose, our value in the pound, rose from 56p to 63p as resources were focused on provision of support to the SMA Community.
Our net income for 2020/21 was a surplus of £149k compared to £78k in the prior year. This result has been achieved through the hard work, dedication, and flexibility of all staff under difficult circumstances. The control over activities and conservation of cash mean that the charity is in a good position to resume a more normal level of activity in 2021/22. Even so, the unpredictable impact of the pandemic on the general economy and the pressure on fundraising remains for the coming year. The Board will continue to monitor activities, cash flow projections and reserves very carefully.
I welcome Angela Smith-Morgan as our new CEO and look forward to working with her on the challenges ahead.
Katharine Jackson, 28[th] June 2021
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SMA UK REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SPINAL MUSCULAR ATROPHY UK
Opinion
We have audited the financial statements of Spinal Muscular Atrophy UK (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are
independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
16
SMA UK REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SPINAL MUSCULAR ATROPHY UK
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of Trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high
17
level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
David Cooper FCA (Senior Statutory Auditor) for and on behalf of Cooper Adams Ltd
Chartered Accountants and Statutory Auditors 12 Payton Street Stratford-upon-Avon Warwickshire CV37 6UA
………………………………………………
Date: 8[th] July 2021
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in
18
Spinal Muscular Atrophy UK STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| Notes Unrestricted | Notes Unrestricted | Notes Unrestricted Funds £ |
Restricted Funds £ |
2021 Total Funds £ |
2020 Total Funds £ |
|
|---|---|---|---|---|---|---|
| INCOME & ENDOWMENTS FROM |
||||||
| Donations & Legacies | 2 | 559,142 | 161,548 | 720,690 | 919,833 | |
| Other trading activities | 3 | 3,740 | - | 3,740 | 5,262 | |
| Investment income | 4 | 261 | - | 261 | 775 | |
| Total | 563,143 | 161,548 | 724,691 | 925,870 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 5 | 145,613 | - | 145,613 | 267,390 | |
| Charitable activities | 6 | |||||
| Provision of support | 117,464 | 190,675 | 308,139 | 347,386 | ||
| Governance costs | 67,455 | - | 67,455 | 109,102 | ||
| Pursuit of knowledge | 52,885 | 1,250 | 54,135 | 123,939 | ||
| Total | 383,417 | 191,925 | 575,342 | 847,817 | ||
| NET INCOME/(EXPENDITURE) |
179,726 | (30,377) | 149,349 | 78,053 | ||
| Transfers between funds |
16 | (34,484) | 34,484 | - | - | |
| Net movement in funds |
145,242 | 4,107 | 149,349 | 78,053 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward |
298,699 | 17,162 | 315,861 | 237,808 | ||
| TOTAL FUNDS CARRIED FORWARD |
443,941 | 21,269 | 465,210 | 315,861 |
The notes form part of these financial statements
19
Spinal Muscular Atrophy UK Statement of Financial Position at 31 March 2021
| ~~Ff~~ | Notes Unrestricted ~~Ff~~ |
Notes Unrestricted Funds £ ~~Ff~~ ~~TT~~ |
Restricted Funds £ ~~Ff~~ ~~TT~~ |
2021 Total Funds £ ~~Ff~~ ~~TT~~ |
2020 Total Funds £ ~~Ff~~ |
|---|---|---|---|---|---|
| FIXED ASSETS ~~Ff~~ |
~~Ff~~ ~~TT~~ |
~~Ff~~ ~~TT~~ |
~~Ff~~ ~~TT~~ |
~~Ff~~ | |
| Tangible assets | 11 | 4,146 | - | 4,146 | 6,113 |
| CURRENT ASSETS | |||||
| Stocks ~~—~~ |
12 ~~Ee~~ |
6,256 ~~Ee~~ |
- | 6,256 | 7,835 |
| Debtors ~~—~~ |
13 ~~Ee~~ |
8,639 ~~Ee~~ |
- | 8,639 | 42,191 |
| Cash at bank and in hand ~~—~~ |
~~Ee~~ | 447,657 ~~Ee~~ |
21,269 | 468,926 | 297,484 |
| ~~— ~~ | ~~Ee~~ | 462,552 ~~Ee~~ |
21,269 | 483,821 | 347,510 |
| CREDITORS ~~a~~ |
~~a~~ | ~~a~~ | ~~a~~ | ~~a~~ | ~~a~~ |
| Amounts falling due within one year ~~a~~ |
14 ~~a~~ |
(22,757) ~~a~~ |
- ~~a~~ |
(22,757) ~~a~~ |
(37,762) ~~a~~ |
| NET CURRENT ASSETS ~~a~~ ~~a~~ |
~~a~~ ~~a~~ |
439,795 ~~a~~ ~~a~~ |
21,269 ~~a~~ ~~a~~ |
461,064 ~~a~~ ~~a~~ |
309,748 ~~a~~ ~~a~~ |
| TOTAL ASSETS LESS CURRENT LIABILITIES ~~a~~ |
443,941 ~~a~~ |
21,269 ~~a~~ |
465,210 ~~a~~ |
315,861 ~~a~~ |
|
| NET ASSETS ~~a~~ |
443,941 ~~a~~ |
21,269 ~~a~~ |
465,210 ~~a~~ |
315,861 ~~a~~ |
|
| FUNDS ~~a~~ |
~~a~~ | ~~a~~ | ~~a~~ | ~~a~~ | |
| Unrestricted funds: General fund ~~a~~ |
16 ~~a~~ |
~~a~~ ~~a~~ |
~~a~~ | 443,941 ~~a~~ |
298,699 ~~a~~ |
| Restricted funds: Various–see note 16 ~~a~~ |
~~a~~ | ~~a~~ ~~a~~ |
~~a~~ | 21,269 ~~a~~ |
17,162 ~~a~~ |
| TOTAL FUNDS ~~a~~ |
~~a~~ | ~~a~~ ~~a~~ |
~~a~~ | 465,210 ~~a~~ |
315,861 ~~a~~ |
The financial statements were approved by the Board of Trustees and authorised for issue on
………………………………………… ………………………………………… K M Jackson – Treasurer M T Dearlove – Trustee
The notes form part of these financial statements
20
Spinal Muscular Atrophy UK Statement of Cash Flows for the Year Ended 31 March 2021
| Notes | 2021 £ |
2020 £ |
|
|---|---|---|---|
| Cash flows from operating activities: | |||
| Cashgenerated from operations | 1 | 172,138 | 83,135 |
| Net cash provided by operating activities | 172,138 | 83,135 | |
| Cash flows from investing activities: | |||
| Purchase of tangible fixed assets | (2,574) | (1,105) | |
| Sale of tangible fixed assets | 1,617 | - | |
| Dividends received | 261 | 775 | |
| Net cash used in investing activities | (696) | (330) | |
| Change in cash and cash equivalents in the reporting period |
171,442 | 82,805 | |
| Cash and cash equivalents at the beginning of the reporting period |
297,484 | 214,679 | |
| Cash and cash equivalents at the end of the reporting period |
468,926 | 297,484 |
Notes to the Statement of Cash Flows For the Year Ended 31 March 2021
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| 2021 £ |
2020 £ |
|
| Net income for the reporting period (as per the Statement of Financial Activities) |
149,349 | 78,053 |
| Adjustments for: | ||
| Depreciation charges | 2,924 | 5,830 |
| Dividends received | (261) | (775) |
| Decrease/(increase)in stocks | 1,579 | (5,265) |
| Decrease in debtors | 33,552 | 6,053 |
| Decrease in creditors | (15,005) | (761) |
| Net cash provided by operations | 172,138 | 83,135 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.20 £ |
Cash flow £ |
At 31.3.21 £ |
|
|---|---|---|---|
| Net Cash Cash at bank and in hand |
297,484 | 171,442 | 468,926 |
| 297,484 | 171,442 | 468,926 | |
| Total | 297,484 | 171,442 | 468,926 |
The notes form part of these financial statements
21
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each
asset over its estimated useful life:
Improvements to 20% on cost property Office equipment 10 – 20% on cost Database 14.3% on cost Computer 25% on cost equipment ~~7~~
Stocks
Stocks are valued at the lower cost and net realisable value, after making due allowance for obsolete and slow-moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
22
Spinal Muscular Atrophy UK
Notes to the Financial Statements for the Year Ended 31 March 2021 - continued
2. DONATIONS AND LEGACIES
| 2021 £ 2020 £ Donations and gifts 539,606 795,531 Government Grants Covid-19 54,295 - Community Fund (BLF) 126,789 124,302 720,690 919,833 ~~———~~ |
|---|
| 3. OTHER TRADING ACTIVITIES |
| 2021 £ 2020 £ Merchandise sales 3,740 5,262 ~~———————————eE~~ |
| 4. INVESTMENT INCOME |
| 2021 £ 2020 £ Bank interest 261 775 ~~ee~~ |
| 5. RAISING FUNDS |
| 2021 £ 2020 £ Staff costs and other expenses 106,829 114,642 Fundraising and publicity 24,891 56,459 Events andpromotions 11,939 89,631 Cost of merchandise sales 1,954 6,658 145,613 267,390 ~~Ee~~ |
| 23 |
Spinal Muscular Atrophy UK Notes to the Financial Statements for the Year Ended 31 March 2021 - continued
6. CHARITABLE ACTIVITIES COSTS
Provision of support
| Provision of support | ||
|---|---|---|
| 2021 £ |
2020 £ |
|
| Staff costs and other expenses | 239,038 | 242,403 |
| Information and awareness raising | 5,941 | 18,218 |
| Shared experience network | 13,009 | 14,163 |
| Outreach Service | 44,957 | 57,256 |
| Information, support and social events ~~OO~~ |
- ~~OO~~ |
- ~~OO~~ |
| Welfare and equipmentgrants ~~OO~~ |
5,194 ~~OO~~ |
15,346 ~~OO~~ |
| ~~OO~~ | 308,139 ~~OO~~ |
347,386 ~~OO~~ |
Pursuit of knowledge
| 2021 £ |
2020 £ |
|
|---|---|---|
| Staff costs and other expenses | 59,119 | 73,345 |
| Medical researchgrants | 16,251 | 31,084 |
| Other research activities | 5,338 | 19,510 |
| 80,708 | 123,939 |
| 7. SUPPORT COSTS | |
|---|---|
| 2021 £ 2020 £ Staff costs and other expenses 42,103 72,467 Professional fees and bank charges 6,407 17,107 Other costs 13,589 15,421 Committee expenses 5,356 4,107 67,455 109,102 ~~—-==~~ |
|
| 8. NET INCOME / (EXPENDITURE) | |
| 2021 £ 2020 £ Depreciation – owned assets 2,924 5,830 Feespayable to auditor for: - audit 1,500 1,500 - other services 2,995 2,950 ~~——~~ |
|
| 24 |
Spinal Muscular Atrophy UK Notes to the Financial Statements for the Year Ended 31 March 2021 - continued
9. TRUSTEES’ REMUNERATION AND BENEFITS
There were no Trustees’ remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees’ expenses
Expenses totalling £nil (2020: £3,338) were reimbursed to nil (2020: 2) Trustees in respect of travel and subsistence for committee meetings and fundraising activities during the year.
| Payment in respect of Trustee indemnity insurance amounted to £973 (2020: £912) |
|---|
| 10. STAFF COSTS |
| 2021 £ 2020 £ Wages and salaries 344,518 362,105 Social securitycosts 29,811 32,485 Pension 16,108 18,345 390,437 412,935 ~~—=——~~ |
| 2020 includes SMA Europe staff costs which SMA UK processes for them and are funded by |
| SMA Europe. From 2021 we continue to do this to support SMA Europe but no longer include |
| this income and expense in our accounts. |
The average monthly number of employees during the year was as follows:
----- Start of picture text -----
2021 2020
Management and administration 1 1
Direct charitable expenditure 8 7
Fundraising and publicity 3 3
12 11
ee
We also engaged contractors in 2021 to assist us with our management and administration 1.2
FTE; 0.1 in fundraising and publicity; 0.1 in direct charitable.
----- End of picture text -----
No employees received emoluments in excess of £60,000 (2020: None)
25
Spinal Muscular Atrophy UK
Notes to the Financial Statements for the Year Ended 31 March 2021 - continued
11. TANGIBLE FIXED ASSETS
| Improvements to property £ |
Office equipme nt £ |
Database £ |
Computer equipment £ |
Totals £ |
|
|---|---|---|---|---|---|
| COST | |||||
| At 1 April 2020 | 19,611 | 4,607 | 31,312 | 21,087 | 76,617 |
| Additions | - | - | - | 2,574 | 2,574 |
| Disposals | (19,611) | (3,090) | - | (12,379) | (35,080) |
| At 31 March 2021 | - | 1,517 | 31,312 | 11,282 | 44,111 |
| DEPRECIATION | |||||
| At 1 April 2020 | 19,611 | 4,217 | 31,312 | 15,364 | 70,504 |
| Charge for year | - | 104 | - | 2,820 | 2,924 |
| Eliminated on disposal ~~—S~~ |
(19,611) ~~—S~~ |
(3,089) ~~—S~~ |
- ~~—S~~ |
(10,763) ~~—S~~ |
(33,463) ~~—S~~ |
| At 31 March 2021 ~~—S~~ |
- ~~—S~~ |
1,232 ~~—S~~ |
31,312 ~~—S~~ |
7,421 ~~—S~~ |
39,965 ~~—S~~ |
| NET BOOK VALUE ~~—S~~ |
~~—S~~ | ~~—S~~ | ~~—S~~ | ~~—S~~ | ~~—S~~ |
| At 31 March 2021 ~~—S~~ |
- ~~—S~~ |
285 ~~—S~~ |
- ~~—S~~ |
3,861 ~~—S~~ |
4,146 ~~—S~~ |
| At 31 March 2020 ~~—S~~ |
- ~~—S~~ |
390 ~~—S~~ |
- ~~—S~~ |
5,723 ~~—S~~ |
6,113 ~~—S~~ |
12. STOCKS
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020 £ £ Prepayments and accrued income 8,639 42,191 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 £ £ Social security and other taxes 11,619 10,956 Other creditors - 13,044 Accrued expenses 11,138 13,762 ~~———~~ 22,757 37,762 26
Spinal Muscular Atrophy UK
Notes to the Financial Statements for the Year Ended 31 March 2021 - continued
| Statement of funds | |||||
|---|---|---|---|---|---|
| ~~ey~~ | Balance b/f at 1.4.20 £ ~~ey~~ |
Incoming Resources £ ~~ey~~ |
Resources Expended £ ~~ey~~ |
Funds Transfer ~~ey~~ |
Balance c/f at 31.3.21 £ ~~ey~~ |
| Unrestricted funds ~~ey~~ |
~~ey~~ | ~~ey~~ | ~~ey~~ | ~~ey~~ | ~~ey~~ |
| General funds ~~ey~~ |
298,699 ~~ey~~ |
563,143 ~~ey~~ |
(383,417) ~~ey~~ |
(34,484) ~~ey~~ |
443,941 ~~ey~~ |
| Restricted funds | |||||
| Support into the 2020s – Lotteries Reaching Communities |
- | 126,789 | (153,457) | 37,291 | 10,623 |
| Support into the 2020s – Other Grants |
- | - | - | - | - |
| ToyPacks | 1,727 | - | (1,310) | - | 417 |
| Research - Robert Luff Foundation |
1,250 | - | (1,250) | - | - |
| Toy packs and Flexible Response Grants |
8,860 | - | (286) | - | 8,574 |
| Northern Ireland Events |
1,655 | - | - | - | 1,655 |
| Community Connections |
- | 34,759 | (31,952) | (2,807) | - |
| Total Restricted Funds |
17,162 | 161,548 | (191,925) | 34,484 | 21,269 |
| TOTAL FUNDS | 315,861 | 724,691 | (575,342) | - | 465,210 |
27
Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total | |
| Fund balances at 31 March 2021 are represented by: |
|||
| Tangible fixed assets | 4,146 | - | 4,146 |
| Stock | 6,256 | - | 6,256 |
| Debtors | 8,639 | - | 8,639 |
| Bank and cash | 447,657 | 21,269 | 468,926 |
| Current liabilities | (22,757) | - | (22,757) |
| Total net assets | 443,941 | 21,269 | 465,210 |
Support into the 2020s
This includes the services and workstreams described in the section, 'Achievements and Performance': information production, outreach, sharing experiences (networks and events) and speaking up for SMA (advocacy - in particular for access to drug treatments).
It’s funded by:
Lotteries Reaching Communities
This is a 3-year grant (June 2019 - May 2022) to cover 50% of the costs of our 'Support into the 2020s' services in England.
Spinal Muscular Atrophy UK
Notes to the Financial Statements for the Year Ended 31 March 2020 - continued
16. MOVEMENT IN FUNDS - continued
Support into the 2020s
Combines donations from Trusts and restricted community donations towards the remaining costs across the UK.
Toy Packs
Our multisensory toy packs are available free of charge to families in the UK for children newly diagnosed with SMA or SMARD. They include items that provide visual, tactile and auditory stimulation. They have been designed to offer entertainment during the day, fun at bath time and comfort at bedtime. They are suitable for infants aged up to 12 months of age.
Research Robert Luff Foundation
This grant contributed to the coordination costs needed to maintain the UK SMA Research Consortium. Since 2016, this has received £1,327,708 from SMA UK . It consists of 6 world-class research teams based in Oxford, Edinburgh, Sheffield and London. The teams work collaboratively across 4 main areas:
- Exploring the ways in which SMA affects different organs / systems within the body and which might be targets for treatments.
28
-
Looking at what treatments could be beneficial if used in combination with current SMNboosting drugs like nusinersen (Spinraza[TM] ).
-
Developing models to test out potential treatments.
-
Looking at new methods of drug delivery including in the womb.
Flexible Response Grants
This fund enables grants to be made to individuals and families affected by SMA. It provides a swift response to an urgent need when no other funding source is available. Grants are typically small.
Toy packs & Flexible Response Grants
This fund covers both purposes as described above. It was received as a grant combining both so was set up separately to allow it to be drawn on flexibility according to need.
Northern Ireland Events
This fund enables us to offer events in Northern Ireland for adults, children and young people with SMA and their families. These provide opportunities to share experiences and have fun.
Community Connections
This project was set up in response to the changes faced by the SMA community and SMA UK due to the impact of Covid 19. In particular it aimed to:
-
Help to address the social isolation experienced by people in the SMA community due to Covid-19
-
Explore ways to re-set our previous plans to deliver face to face information and support events
-
Deliver the virtual events and interactive resources wanted by the community.
-
Begin to establish a firm virtual presence so that virtual communication options form part of how SMA UK and the SMA community stay connected
The project was seed funded by Roche and continued through to January 2021 with Lottery Covid 19 funding.
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
29
Spinal Muscular Atrophy UK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2021
| 2021 £ |
2020 £ |
|
|---|---|---|
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and gifts | 539,606 | 795,531 |
| Government Grants Covid-19 | 54,295 | - |
| Community Fund (BLF) | 126,789 | 124,302 |
| 720,690 | 919,833 | |
| Other trading activities | ||
| Merchandise sales | 3,740 | 5,262 |
| Investment income | ||
| Bank interest | 261 | 775 |
| Total incoming resources | 724,691 | 925,870 |
| Total incoming resources | ||
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Staff costs and other expenses | 106,829 | 114,642 |
| Fundraising and publicity | 24,891 | 56,459 |
| Events and promotions | 11,939 | 89,631 |
| Cost of merchandise sales | 1,954 | 6,658 |
| 145,613 | 267,390 | |
| Charitable activities | ||
| Staff costs and other expenses | 271,585 | 315,748 |
| Medical research grants | 16,400 | 31,083 |
| Other research activities | 5,189 | 19,511 |
| Information and awareness raising | 5,941 | 18,217 |
| Shared experiences network | 13,009 | 14,163 |
| Outreach Service | 44,957 | 57,258 |
| Welfare, equipment grants and toy packs | 5,193 | 15,345 |
| 362,274 | 471,325 | |
| Support Costs | ||
| Management | ||
| Staff costs and other expenses | 42,103 | 72,467 |
| Professional fees and bank charges | 6,407 | 17,107 |
| Other costs | 13,589 | 15,421 |
| Committee expenses | 5,356 | 4,107 |
| Committee expenses | 67,455 | 109,102 |
| Total resources expended | 575,342 | 847,817 |
| Total resources expended Net income |
149,349 | 78,053 |
This page does not form part of the statutory financial statements
30
Spinal Muscular Atrophy UK Unit 9, Shottery Brook Office Park
Timothy’s Bridge Road Stratford-upon-Avon CV37 9NR
Phone: 01789 267520
Mon – Thurs (9.00am – 3.30pm) Friday (9.00am –1.00pm) Closed on public holidays.
Email: office@smauk.org.uk www.smauk.org.uk
Spinal Muscular Atrophy UK Registered Charity No 1106815 Company Limited by Guarantee No 5137534 Registered in England and Wales