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|||||||Page|
|---|---|---|---|---|---|---|
|Reference and administrative
details|||ofthe Charity, Its Trustees and advisers||||
|Trustees'
report||||||2-9|
|Independent|auditors'|report on the|financial||statements|10-13|
|Consolidated|statement
of financial||activities|||14|
|Consolidated|Income|and expenditure||account|||
|Consolidated|balance|sheet||||16-17|
|Charity balance sheet||||||18 - 19|
|Consolidated|statement
ofcash flows|||||20|
|Notes to the|financial|statements||||21 - 36|
##
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS|DETAILS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 31 MARCH 2022|||||
|Trustees|||Baroness
Finlay, Chair (appointed||||6September 2021)|
||||Christopher
Bielby||(deceased)|||
||||Paul Everall, Deputy Chair|||||
||||Julian Allsopp, Treasurer|||||
||||Dr Susan Bews|||||
||||Patricia Fulker|||||
||||Roger Webb|||||
||||Karen Gillespie|||||
||||Professor Andrew||Shaw|||
||||Mark Hazelton|(resigned 14October 2021)||||
||||Bruce Allen (appointed
6 September 2021)|||||
||||Dr Shirley Price|(appointed||6 September 2021)||
||||John O' Grady (appointed|||6 September 2021)||
|Company|registered|||||||
|number|||05492650|||||
|Charity registered||||||||
|number|||1110624|||||
|Registered||office|Suite 2 Healey|House||||
||||Dane Road|||||
||||Andover|||||
||||Hampshire|||||
||||SP102AA|||||
|Independent||auditors|Xeinadln
Audit Limited|||||
||||6th Floor Becket House|||||
||||36 Old Jewry|||||
||||London|||||
||||EC2R BDD|||||
|Bankers|||NatWest Bank|pic||||
||||PO Box6451|||||
||||3 London Street|||||
||||Basingstoke|||||
||||Hampshire|||||
||||RG217FP|||||
|Investment||Managers|Cazenove
Capital||Management|||
||||31 Gresham
Street|||||
||||London|||||
||||EC2V 7QA|||||
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|The fol|lowing
is a summa|ry
ofthe grants a|warded
during
the|warded
during
the|year which represents
the progress|year which represents
the progress|year which represents
the progress|being ma|
|---|---|---|---|---|---|---|---|---|
|Institute|of Occupational|Medicine - Review|of CO Research||Trust Academic Database Content|||9,967|
|Improving
Performance||in Practice -Understanding
and||minimising||the consequences|of CO||
|during|pregnancy|||||||9,870|
|NPIS -|NPIS Carbon Monoxide
Surveillance||Project|||||101,817|
|University
of Leeds - Proarrhythmlc
effects|||of CO on human||cardiac myoctes derived||from||
|induced|pluripotent
stem|cells and potential|therapeutic|interventions||||298,624|
|||||||||420,278|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
|||Note|2022
6|2022
6|2021f|
|income from:||||||
|Other trading
activities||3|6021284|602,284|820,555|
|Investments||4|162,379|162,379|162292|
|Total Income|||764,663|764,663|982,847|
|Expenditure
on:||||||
|Raising funds||5,6|232,259|232,259|216,807|
|Charitable
activities||8|612,328|612,328|718,769|
|Total expenditure|||844,587|844,587|935,576|
|Net (expenditure)/Income|before net gains on|||||
|investments|||(79,924)|(79,924)|47,271|
|Net gains on Investments|||165,786|165,786|715,497|
|Net movement
in funds|||85,862|85,862|762,768|
|Reconciliation
offunds:||||||
|Total funds brought
forward|||5,154,911|5,154,911|4,392,143|
|Net movement
in funds|||85,862|85,862|762,768|
|Total funds carried forward|||5,240,773|5,240,773|5,154,911|
##
##
##
||||Total funds|Total funds|
|---|---|---|---|---|
|||Note|2022
2|2021f|
|Income|||764,663|982847|
|(Losses)/gains
on investments|||165,786|715,497|
|Gross income in the reporting|period||930,449|1,898,344|
|Less: Total expenditure|||(844487)|(935,576)|
|Net Income for the reporting|period||85,862|782,788|
|The notes on pages 21 to 36form part ofthese financial statements.|||||
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##
|||FOR TH|E YEAR ENDED 31 MARCH 20|22||
|---|---|---|---|---|---|
|||||2022|2021|
|Cash flows from operating||activities||||
|Net cash|used in operating|activities||132,064|120,465|
|Cash flows from investing||activities||||
|Dividends,|interests
and rents from investments|||162,379|162,292|
|Proceeds|from sale of Investments|||4,601,226|11,922|
|Purchase|of investments|||(4,752,366)|(I61,407)|
|Net cash|provided
by Investing
activities|||11,239|12,807|
|Change
in cash and cash||equivalents
In|the year|143,303|133,272|
|Cash and|cash equivalents|at the beginning|of the year|1,195,535|1,062,263|
|Cash and|cash equivalents|at the end of|the year|1,338,838|1,195,535|
|The notes|on pages 21 to 36form part ofthese financial statements|||||
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##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||2|2||
|Trading income|602,284|602,284|820,555|
|Total 2021|820,555|820,555||
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022
8|2022
2|2021f|
|Income from fixed asset investments|162,013|162,013|161,407|
|interest receivable|366|366|885|
||I 62,379|162,379|162,292|
|Total2021|162,292|162,292||
##
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##
|Other trading|expenses||||
|---|---|---|---|---|
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2022
2|2022
2|2021f|
|Administration|expenses|166,167|166,167|117,412|
|Administration|staff costs|55,152|55,152|88,585|
|||221,319|221,319|203,977|
|Total2021||203,977|203,977||
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
||||2|9||
|investment|management|costs|10,940|10,940|12,830|
|Total 2021|||12,830|12,830||
##
##
##
##
||||||Grants|Grants|Grants|to|to|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Institutions|||||funds|funds|
||||||||2022|||2022|2021|
||||||||||2|8||
|Research|||||378,147|||||378,147|485,154|
|Total 2021|||||485,154|||||485,154||
|The Group has made the following|material||grants to|institutions|during||the||year:|||
|||||||||||2022|2021|
|||||||||||2||
|Name of institution||||||||||||
|Aintree
Universtiy
Hospital - Measuring||exhaled carbon monoxide|||||||||7,861|
|Liverpool John Moores University-|Corbon||monoxide|and the Belisama||||||||
|Ecotherapy
Community|||||||||||4,188|
|Liverpool John Moores University-|Carbon||monoxide|and the irish Traveller||||||||
|Community|||||||||||7,993|
|University
of Herefordshire
- Evaluation||of|Chromodynamlc
Pupillometry|||||as||||
|a sensitive indicator of carbon monoxide||exposure.|||||||||283,296|
|Improving
performance
in practice|- Identifying
and protecting
pregnant|||||||||||
|women from CO exposure|||||||||||62,294|
|University
College London - Carbon monoxide
toxicity: Developing a||||||neuro||||||
|protective
strategy to improve treatment||outcomes|||||||||105,923|
|Queen
Mary University
of London|||||||||||9,841|
|Shefffeld
Hallam
University|||||||||||9,972|
|Liverpool John Moores University-|Grant not used||||||||||(6,214)|
|Institute
of Occupational
Medicine|—review||of of CO Research||Trust|||||||
|Academic Database
Content||||||||||9,967||
|Improving
performance
in practise|2 - Understanding|||and minimising||the||||||
|consequences
of CO during
pregnancy||||||||||9,870||
|NPIS - NPIS Carbon Monoxide Surveillance
Project||||||||||101,817||
|University
of Leeds - Proarrhythmlc|effects of CO on|||human cardiac||||||||
|myoctes derived from induced
pluripotent|||stem cells|and potential||||||||
|therapeutic
interventions||||||||||2981624||
|St Georges Hospital
Grant - Grant|no longer required|||||||||(36,226)||
|St Georges Hospital
Grant - Funds|not|used||||||||(6,905)||
|||||||||||378,147|485,154|
##
##
##
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##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022
2|2022
8|2021f|
|CO Research|612,328|612,328|718,769|
|Total 2021|718,769|718,769||
##
||Activities|Grant||||
|---|---|---|---|---|---|
||undertaken|funding
ot|Support|Total|Total|
||directly|activities|costs|funds|funds|
||2022
2|2022
2|2022
2|2022
2|2021f|
|CO Research|143,990|378,147|90,191|612,328|718,769|
|Total 2021|134,979|485,154|98,636|718,769||
|Analysis ofdirect costs||||||
||||CO|Total|Total|
|---|---|---|---|---|---|
||||Research|funds|funds|
||||2022
2|2022
8|2021f|
|Staff costs|||56,012|56,012|39,768|
|PR & marketing|||50,766|50,766|55,393|
|Travel &subsistence|||2,858|2,858|eoe|
|Other projects - Solid fuel|review||20,119|20,119|9,910|
|Other projects - Research|output|review|||29,100|
|DIDR - CO incident database|||4,400|4,400||
|Events Consultant|||9,835|9,835||
||||143,990|143,990|134,979|
|Total2021|||134,979|134,979||
##
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##
||||Promoting|Total|Total|
|---|---|---|---|---|---|
||||gas safety|funds|funds|
||||2022
8|2022
8|2021f|
|Staff costs|||32,149|32,149|17,044|
|Travel &subsistence|||6,668|6,668|1,886|
|Administration/office||costs|1,408|1,408|1,253|
|Legal &professional|||3,525|3,525|14,636|
|Management|fees||21,898|21,898|23,862|
|Insurances
Governance|||3,547|3,547|3,452|
|ITsupport|||8,847|8,847|6,523|
|Subscriptions|||3,549|3,549|19,380|
||||8,600|8,600|8,600|
||||90,191|90,191|98,636|
|Total2021|||98,636|98,636||
##
##
##
|Auditors'
remuneration|||||
|---|---|---|---|---|
||||2022
'E|2021
f|
|Fees payable to the Charity's
accounts|auditor for the audit of the Charity's|annual|3,600|3,600|
##
##
##
||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022f|2021f|2022f|2021f|
|Wages and|salaries||||||127,677|125,774|75,450|49,417|
|Social security||costs|||||8,527|9,012|7,971|3,426|
|Contribution|to defined contribution||||pension||||||
|schemes|||||||7,109|6,591|4,741|3,969|
||||||||143,313|143,377|88,162|56,812|
|The average|number||of persons employed|||by|the Charity during the|year was|as follows:||
||||||||Group|Group|Charity|Charity|
||||||||2022|2021|2022|2021|
||||||||No.|No.|No.|No.|
|Administration|||||||||||
|The number||of employees||whose|employee||benefits
(excluding|employer|pension
costs)|exceeded|
|f60,000was:|||||||||||
||||||||||Group|Group|
||||||||||2022|2021|
||||||||||No.|No.|
##
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##
|14.|Fixed asset investments||
|---|---|---|
|||Other fixed|
|||asset|
|||Investments|
||Group|2|
||Cost or valuation||
||At 1 April 2021|4,359,490|
||Additions|4,752,366|
||Dlsposals|(4,446,046)|
||Revaluations|10,606|
||At 31 March 2022|4,676,416|
||Net book value||
||At 31 March 2022|4,676,416|
||Al 31March 2021|4,359,490|
##
##
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##
|||Investments|||
|---|---|---|---|---|
|||in|Other fixed||
|||subsidiary|asset||
|||companies|Investments|Total|
|Charity||8|8|2|
|Cost or valuation|||||
|At 1 April 2021||727,794|4,359,490|5,087,284|
|Additions|||4,752,366|4,752866|
|Disposals|||(4,446,046)|(4,446,046)|
|Revaluations|||10,606|10,606|
|At 31 March 2022||727,794|4,676,416|5,404,210|
|Impairment|||||
|At 1 April 2021||162,255||162,255|
|At 31 March 2022||162,255||162,255|
|Net book value|||||
|At 31 March 2022||565,539|4,676,416|5,241,955|
|At31March 2021||565,539|4,359,490|4,925,029|
|Details ofsubsldlery|undertakings||||
|All entities have a year|end of 31st March.||||
##
##
##
|||||Group|||Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||2022
8|||2021f|2022
f|2021
f|
|Due within one year||||||||||
|Trade debtors||||83,741|||324,523|6,905||
|Amounts
owed by group undertakings||||||||376,444|613,723|
|Prepayments|and accrued||income|181,281|||248,797|36,357|44,564|
|||||265,022|||573,320|419,706|658,287|
|Last year the|debts due in||more than one year were trade debtors||||and accrued income. Issues with the|||
|invoicing
system
of the subsidiary||||led to much longer payment||terms being arranged
with the customers||||
|than
normal.|The invoicing||system|has been improved
and|ail|debts are now||due to be paid within
one||
|year.||||||||||
|Creditors: Amounts||falling due within one year||||||||
|||||Group|||Group|Charity|Charity|
|||||2022
8|||2021f|2022
6|2021f|
|Trade creditors||||128,822|||98,932|124,586|78,581|
|Other taxation|and social security|||48,384|||80,279|2,185|1,677|
|Other creditors||||1,767|||798|1,662|498|
|Accruals and|deferred|income||484,567|||474,048|446,961|438,491|
|||||663,540|||654,057|575,394|519,247|
##
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2022f|2021|2022f|2021f|
|Accruals|and|deferred|Income|375,963|319,377|375,963|319,377|
##
##
##
||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2022f|2021f|2022f|2021f|
|Financial||assets|||||||
|Financial||assets measured||at tair value|||||
|through|income and expenditure||||4,676,416|4,359,490|5,241,955|4,925,029|
||||||Group|Group|Charity|Charity|
||||||2022f|2021f|2022f|2021f|
|Financial||liabilities|||||||
|Financial||liabilities|measured|at amortised|||||
|cost|||||1,039,503|973,434|951,358|838,524|
|Items of Income, expense,|gains or loss|es||||
|---|---|---|---|---|---|
||||||Net gains|
|||||Income
f|l(losses)
f|
|2022||||||
|Financial assets measured|at fair value|through|income|||
|and expenditure||||162,013|165,786|
|Financial assets measured|at amortised|cost||366||
|2021||||||
|Rnancial assets measured
and expenditure|at fair value|through|Income|161,407|715,497.|
|Financial assets measured|at amortised|cost||885||
##
##
##
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||||Balance at 1||||Gains/|31 March|
||||April 2021
8|Income
f|Expenditure|f|(Losses)
8|2022
8|
|Unrestricted|funds||||||||
|Designated|funds||||||||
|Designated|Funds||2,645,500|||||2,645,500|
|Generalfunds|||||||||
|General Funds|||2,509,411|764,663|(844,587)||165,786|2,595,273|
|Total Unrestricted||funds|5,154,911|764,663|(844487)||165,786|5,240,773|
|Statement|offunds|- prior year|||||||
|||||||||Balance at|
||||Balance al||||Gains|31March|
||||1April 2020f|Income
f|Expenditure|f|(Losses)f|2021|
|Unrestricted|funds||||||||
|Designated|funds||||||||
|Designated|Funds||2,845,500|||||2,645,500|
|General funds|||||||||
|General Funds|||1,746,643|982,847|(935,576)||715,497|2,509,411|
|Total Unrestricted||funds|4,392,143|982,847|(935,576)||715,497|5,154,911|
##
##
##
##
##
|Analysis of net assets between funds - current year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2022|2022|
||6|6|
|Fixed asset investments|4,676,416|4,676,416|
|Current assets|1,603,860|1,603,860|
|Creditors due within one year|(663,540)|(663,540)|
|Creditors due in more than one year|(375,963)|(375,963)|
|Total|5,240,773|5,240,773|
##
|Analysis ofnet assets between funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2021|2021f|
|Fixed asset investments|4,359,490|4,359,490|
|Current assets|1,768,855|1,768,855|
|Creditors due within one year|(654,057)|(654,057)|
|Creditors due in more than one year|(319,377i|(319,377)|
|Tl|5,154,911|5,154,911|
##
|21.|Reconciliation
of|net movement|In funds|to net cash flow from operating|to net cash flow from operating|activities||
|---|---|---|---|---|---|---|---|
|||||||Group|Group|
|||||||2022
8|2021f|
||Net income for the|year (as per Statement||of Financial|Activities)|85,862|762,768|
||Adjustments
for:|||||||
||(Gains)Rosses
on|investments||||(165,786)|(714,982)|
||Dividends,
interests|and rents from|Investments|||(162,379)|(162,292)|
||(Increase)/Decrease|in debtors||||308,298|(212,124)|
||Increase/(Decrease)|in creditors||||66,069|447,095|
||Net cash provided|by operating|activities|||132,064|120,465|
##
##
##
##
##
##
##
|The following|was asubsidiary
undert|aking
of the Charity:|||||
|---|---|---|---|---|---|---|
|Name|||Company||Class of|Holding|
||||number||shares||
|Corgi Services Limited|||03268198||Ordinary|100'/o|
|The financial|results ofthe subsidiary|for the year were:|||||
|Name||Income|Expenditure|Profit/(Loss)||Net assets|
|||E|2|for|the year|8|
||||||2||
|Corgi Services Limited||602,335|(221,318)||381,017|385,540|