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|||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|
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|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|||||
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|||||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|
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||||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|
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||||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|
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|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|
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|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|
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|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)|
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||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|