2020-12-31-accounts

		Page
Reference and Administrative Details
Report ofthe Trustees		2to4
Report ofthe Independent Auditors		5to 7
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial	Statements	12to 17
Detailed Statement of	Financial Activities	18

TRUSTEES	JP Moulton
	SEverett
	SJ Moulton
COMPANY SECRETARY	SEverett
REGISTERED OFFICE	10Buckingham	Street
	London
	WC2N 6DF
REGISTERED COMPANY NUMBER	05311748(England		and	Wales)
REGISTERED CHARITY NUMBER	1109891
AUDITORS	Henry Reeves &Co Ltd			(Statutory	Auditor)
	Chartered Certified Accountants
	11Albion Place
	Maidstone
	Kent
	ME14 5DY
BANKERS	Coutts &Co
	440 Strand
	London
	WC2R OQS
CHIEF EXECUTIVE OFFICER	JP Moulton

				2020	2019
				Unrestricted	Unrestricted
				fund	fund
			Notes	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies				1,019,399	103,763
Investment income				1,555	5,961
Total				1,020,954	109,724
EXPENDITURE ON
Charitable activities
Grants payable				1,325,190	2,114,454
NET (EXPENDITURE) IINCOME				(304,236)	(2,004,730)
RECONCILIATION	OF FUNDS
Total funds brought	forward			1,149,779	3,154,509
TOTAL FUNDS CARRIED FORWARD				845,543	1,149,779

			2020	2019
			Unrestricted	Unrestricted
			fund	fund
		Notes		E
CURRENT ASSETS
Debtors			19,407	28,816
Cash at	bank		930,331	1,166,666
			949,738	1,195,482
CREDITORS
Amounts	falling due within one year	12	(104,195)	(45,703)
NET CURRENT ASSETS			845,543	1,149,779
TOTAL	ASSETSLESSCURRENT LIABILITIES		845,543	1,149,779
NET ASSETS			845,543	1,149,779
FUNDS		13
Unrestricted funds:
General	fund		845,543	1,149,779
TOTAL	FUNDS		845,543	1,149,779

						2020	20'lg
					Notes	6	E
Cash flows from operating	activities:
Cash (used in) / generated	from operations					237,890	2,216,619
Net cash (used in) / provided by operating			activities			237,890	~2,216,619
Cash flows from investing	activities:
Interest received						1,555	5,961
Net cash provided by investing activities						1,555	5,961
Change in cash and cash	equivalents	in the reporting		period		(236,335)	(2,21 0,658)
Cash and cash equivalents	at the beginning		ofthe reporting
period						1,166,666	3,377,324
Cash and cash equivalents	at the end	ofthe reporting		period		930,331	1,166,666

			2020	2019
			E	E
Net (expenditure) / income for the reporting the statement offinancial activities)		period (as per	(304,236)	(2,004,730)
Adjustments for:
Interest received			(1,555)	(5,961)
Decrease / (increase)	in debtors		9,409	(26,497)
Increase / (decrease)	in creditors		58,492	~177,431
Net cash (used in) /	provided by operating	activities	~237890	, ~2216,619

NTS PAYABLE
				2020f	2019 E
Grants payable				1,314,026	2,102,819
GRANTS PAYABLE - INSTITUTIONAL
				2020	2019
				6
Great Ormond Street Hospital				12,933	195,000
Imperial College London				583,484	327,128
University ofCambridge				94,073
University of Manchester				213,479	426,446
University ofSheffield					256,027
Aston University					18,932
King's College London					71,882
University of Plymouth					40,000
National Bowel Research	Centre				70,000
University College London Hospitals		Charity			64,022
Institute ofCancer Research				81,151	125,966
Royal Papworth Hospital	NHS Foundation		Trust	10,000	75,438
Newcastle University				40,000	40,000
Scar Free Foundation					60,000
University College London				278,906	290,978
Total grant payments				1,314,026	2,061,819

						2020	2019
						F	F
DONATIONS		PAYABLE
Guernsey	Community		Foundation				40,000
Scientific	Symposium,		University	of	London		1,000
							41,000

PORT C	OS	TS
							Governance
						Other	costs	Totals
							E	K
Grants	payable					73	11,091	11,164
Support	costs, included			in the above, are as follows:
Other
							2020	2019
							Grants	Total
							payable E	activitiesf
Sundries								13
Travelling							73	94
							73	107
Governance		costs
							2020	2019
							Grants	Total
							payable	activities
							E	E
Auditors'		remuneration					6,000	6,000
Accountancy			and taxation				5,091	4,578
							11,091	10,578
(EXPENDITURE) / INCOME
Net (expenditure)			/ income is stated after charging		/ (crediting):
							2020	2019
								E
Auditor's	remuneration						6,000	6,000
Accountancy		and taxation services					5,091	4,578

11.DEBTORS:	AMO	UNTS F	A	LLING	D	UE WITHIN ONE YEAR
								2020f	2019 f.
Other debtors								19,407	28,816
								19,407	28,816
12.CREDITORS: AMOUNTS			FALLING			DUE WITHIN ONE YEAR
								2020f	2019
Grants payable								94,073	35,893
Accruals	and	deferred		income				10,122	9,810
								104,195	45,703
13.MOVEMENT	IN FUNDS
								Net movement
							At 1/1/20 E	in funds f	At 31/12/20 6
Unrestricted		funds
General	fund						1,149,779	~304,236)	845,543
TOTAL	FUNDS						1,149,779	~304,236)	845,543
Net movement		in funds,		included		in the above, are as follows:
							Incoming	Resources	Movement in
							resources	expended	funds
							E		E
Unrestricted		funds
General	fund						1,020,954	J1,325,190)	~304,236)
TOTAL	FUNDS						1,D2D,954	J1,325,190)	~304,236)
Comparatives		for movement			in	funds
								Net movement
							At 1/1/19	in funds	At 31/12/19
									f.
Unrestricted		funds
General	fund						3,154,509	~2,004,730)	1,149,779
TOTAL	FUNDS						3,154,509	~2,004,730)	1,149,779
Net movement		in funds,		included		in the above, are as follows:
							Incoming	Resources	Movement in
							resources	expended	funds
							E		6
Unrestricted		funds
General	fund						1D9,724	~2, )14,454)	J2,004,73D)
TOTAL	FUNDS						109,724	~2,114,454)	~2,004,730)

	2020	2019
INCOME AND ENDOWMENTS
Donations and legacies
Donations	1,019,399	103,763
Investment income
Interest receivable	1,555	5,961
Total incoming resources	1,020,954	109,724
EXPENDITURE
Charitable activities
Grant review fees		950
Grants to institutions	1,314,026	2,061,819
Donations payable		41,000
	1,314,026	2,103,769
Support costs
Other
Sundries		13
Travel costs	73	94
	73	107
Governance costs
Auditors' remuneration	6,000	6,000
Accountancy and taxation	5,091	4,578
	11,091	10,578
Total resources expended	1,325,190	2,114,454
Net (expenditure) Iincome	~304,236	~2,004,730