2023-06-30-accounts

Founder	Professor TSBarker
Trustees	Professor TSBarker
	Professor P Arestis
	Mr R G Lewney
	Mr D M FTaylor
	Dr A Anger-Kraavi
	Dr C CAlves		(Appointed	21April 2023)
	Dr N Barker		(Appointed	21April 2023)
Address	19ACovent Garden
	Cambridge
	CB12HT
Solicitors	Taylor Vinters
	Merlin House
	Milton Road
	Cambridge
	CB4ODP
Auditors	Ensors Accountants	LLP
	1st Floor, Victory House
	Vision Park
	Chivers Way
	Histon
	Cambridge
	CB24 9ZR
Bankers	HSBC
	32 Market Hill
	Cambridge
	CB2 3HZ

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				2023	2023	2023	2022	2022	2022
			Note	f	f	f	f	f	f
INCOME
Charitable activities				48,410		48,410	81,385		81,385
Other trading activities					5,193,663	5,193,663		4,036,111	4,036,111
Total income				48,410	5,193,663	5,242,073	81,385	4,036,111	4,117,496
EXPENDITURE
Costs ofgenerating		funds
Charitable activities				25,305		25,305	62,887		62,887
Other costs				16,187	4,750,179	4,766,366	6,313	3,928,451	3,934,764
Total expenditure				41,492	4,750,179	4,791,671	69,200	3,928,451	3,997,651
NET INCOME / (EXPENDITURE)				6,918	443,484	450,402	12,185	107,660	119,845
Other gains/(losses)			19		(228,325)	(228,325)		(52,517)	(52,517)
NET MOVEMENT	IN	FUNDS		6,918	215,159	222,077	12,185	55,143	67,328
RECONCILIATION	OF FUNDS
Fund balances at	1July			82,179	905,938	988,117	69,994	850,795	920,789
FUND BALANCES	AT	30JUNE		89,097	1,121,097	1,210,194	82,179	905,938	988,117

					Group	Group	Trust	Trust
					2023	2022	2023	2022
				Note	f	f	f	f
Fixed assets
Intangible assets				9
Tangible assets				10	95,992	99,073
Investment in trading		subsidiary		11
					95,992	99,073
Current assets
Debtors				12	2,120,877	2,083,340	47,991	25,365
Cash at bank and in	hand				1,087,799	674,069	47,242	90,127
					3,208,676	2,757,409	95,233	115,492
Liabilities
Creditors: amounts	falling		due within one
year				13	(1,001,845)	(971,248)	(6,136)	(33,313)
Net current assets					2,206,831	1,786,161	89,097	82,179
Total assets less current			liabilities		2,302,823	1,885,234	89,097	82,179
Creditors: amounts	falling		due after more
than one year				14	(24,938)	(34,336)
Provision for liabilities
Minority interests					(1,067,691)	(862,781)
Total net assets					1,210,194	988,117	89,097	82,179
Funds
Restricted funds				19	1,121,097	905,938
General unrestricted		funds		20	89,097	82,179	89,097	82,179
Total funds					1,210,194	988,117	89,097	82,179

					Group	Group
					2023	2022
				Note	f	f
Cash flows from operating	activities:
Net cash provided by/ (used in) operating			activities	21	468,928	(160,704)
Cash flows from investing	activities:
Purchase ofproperty, plant and equipment					(31,286)	(46,431)
Net cash used in investing	activities				(31,286)	(46,431)
Cash flows from financing	activities:
Dividend paid to minority	interests				(23,415)
(Profit) / loss on the sale offixed assets					(497)	(191)
Hire purchase agreement	payments
Net cash used in investing	activities				(23,912)	(191)
Change in cash and cash equivalents		in the	year		413,730	(207,326)
Cash and cash equivalents	at the beginning		ofthe year		674,069	881,395
Cash and cash equivalents	at the end	ofthe	year		1,087,799	674,069

			Subsidaries	Subsidiaries	Trust	Trust
			2023	2022	2023	2022
			f	f	f	f
Turnover			5,161,244	4,034,679	48,410	81,385
Cost ofsales			(3,221,495)	(2,859,318)	(18,696)	(56,800)
Gross profit			1,939,749	1,175,361	29,714	24,585
Administrative	expenses		(1,446,632)	(1,060,026)
Other Expenses			(1,343)	(833)
Other income			32,419	1,432
Gift Aid donation
Gross income			524,193	115,934	29,714	24,585
Charitable activities					(6,609)	(6,087)
Governance	costs				(16,187)	(6,313)
			524,193	115,934	6,918	12,185
Tax on profit	on ordinary	activities	(80,709)	(8,274)
Retained income/(loss)			443,484	107,660	6,918	12,185
Income from	charitable	activities
					2023	2022
					f	f
Conference income					419
Donations					47,991	81,385
					48,410	81,385

			Direct	Direct	Staff	Deprec-	Other
				Costs	Costs	iation	Costs	Total
				f			f	f
Charitable	activities		18,696-				16,187	34,883
Governance costs							6,609	6,609
Total for	Trust		18,696				22,796	41,492
Trading costs ofsubsidiaries			276,007		3,447,846	33,870	911,747	4,669,470
Trading taxation							80,709	80,709
Total for	group		294,703		3,447,846	33,870	1,015,252	4,791,671
Auditor's	remuneration
							2023	2022
							f	f
Auditor's	remuneration-	group accounts					2,225	2,000
Auditor's	remuneration-	subsidiaries					23,000	14,400
							25,225	16,400
Net income /(expenditure)			for the	year
							2023	2022
This is stated after charging:							f	f
Operating	leases						167,956	135,468
Depreciation							33,870	29,346
							201,826	164,814

Particulars of	employees
		2023	2022
		Number	Number
Cost ofsales		52	50
Administration		6	6
		58	56
The aggregate	payroll costs ofthe above were:
		2023	2022
		f	f
Wages and salaries		2,884,830	2,395,498
Social security	costs	317,743	273,224
Pension costs		245,273	319,212
		3,447,846	2,987,934

Emoluments	exceeding	2023	2022
		Number	Number

		2023	2022
		f	f
Analysis of	charge in the year
Corporation	tax	80,709	8,274
		80,709	8,274

	Software	Total	Software	Total
		f	f	f
Cost
At 1July 2022	2,150	2,150
Additions
Disposals
At 30June 2023	2,150	2,150
Depreciation
At 1July 2022	2,150	2,150
Charge
Disposals
At 30June 2023	2,150	2,150
Net book value
At 30June 2023
At 30June 2022

10	Tangible fixed assets
			Group		Trust
		Leasehold	Plant		Plant
		property	and		and
		improvements	machinery	Total	machinery	Total
		f	f	f	f	f
	Cost
	At 1July 2022	76,936	376,098	453,034	728	728
	Additions	5,368	25,918	31,286
	Disposals		(27,032)	(27,032)
	At 30June 2023	82,304	374,984	457,288	728	728
	Depreciation
	At 1July 2022	50,187	303,774	353,961	728	728
	Charge	8,014	25,856	33,870
	Disposals		(26,535)	(26,535)
	At 30June 2023	58,201	303,095	361,296	728	728
	Net book value
	At 30June 2023	24,103	71,889	95,992
	At 30June 2022	26,749	72,324	99,073

	2023	2022
	f	f
Assets	3,209,435	2,740,990
Liabilities	(1,020,647)	(972,271)
Capital and reserves	2,188,788	1,768,719

12	Debtors
				Group	Group	Trust	Trust
				2023	2022	2023	2022
				f	f	f	f
	Trade debtors			677,340	1,108,200
	Other debtors			84,305	45,095	47,991	25,365
	Prepayments			78,200	89,700
	Accrued income		1,269,407		820,448
	Deferred tax asset			11,625	19,897
			2,120,877		2,083,340	47,991	25,365
13	Creditors: amounts	falling due within one year
				Group	Group	Trust	Trust
				2023	2022	2023	2022
				f	f
	Bank loans and overdraft			10,244
	Trade creditors			101,230	111,619		26,830
	Other tax and social	security		150,322	124,223
	Accruals			486,700	546,941	6,136	6,483
	Deferred income			196,960	145,864
	Other creditors			56,389	42,601
			1,001,845		971,248	6,136	33,313
14	Creditors: amounts	falling due after	more than	one year
				Group	Group	Trust	Trust
				2023	2022	2023	2022
				f	f	f	f
	Bank loans and overdrafts			24,938	34,336
				24,938	34,336

At the balanc	e sheet d	ate	, f6	9,653(	2022-f15,9	67)	ofp	ension contri	butions were outsta	nding.
									2023	2022
									f	f
Contributions	payable	by	the	trading	subsidiaries	for	the	year	245,273	319,212
									245,273	319,212

At 30 June 2023 the group had agg leases as follows:	regate annual commi	tments under n	on-cancellable	operating
	Group	Group	Trust	Trust
	2023	2022	2023	2022
	f	f
Within one year	104,071	89,867
Between two and five years	145,017	218,750
In over five years
	249,088	308,617

18	Analysis	of	total funds
							Unrestricted	Restricted	Total
							Funds	Funds	Funds
							2023	2023	2023
							f	f	f
	Analysis	by	type ofasset and	liability
	Tangible	fixed assets						95,992	95,992
	Net current		assets				89,097	2,117,734	2,206,831
	Creditors	falling due after more than			one	year		(24,938)	(24,938)
	Minority	interests						(1,067,691)	(1,067,691)
							89,097	1,121,097	1,210,194
							Unrestricted	Restricted	Total
							Funds	Funds	Funds
							2022	2022	2021
							f	f	f
	Analysis	by	type ofasset and	liability
	Tangible	fixed assets						99,073	99,073
	Net current		assets				82,179	1,703,982	1,786,161
	Creditors	falling due after more than			one	year		(34,336)	(34,336)
	Minority	interests						(862,781)	(862,781)
							82,179	905,938	988,117
19	Movement		in restricted funds
				Balance	at				Balance at
				1July				Other	30June
				2022		Income	Expenditure	movements	2023
					f	f	f	f	f
	Non-charitable trading
	funds			905,938		5,193,663	(4,750,179)	(228,325)	1,121,097

19	Movement	Movement	in	restricted		funds (cont'd)
	Other movements								Minority
								Transfers	interests	Total
										f
	Profit share		of minority		interests				(204,910)	(204,910)
	Dividend	paid		to minority		interests			(23,415)	(23,415)
									(228,325)	(228,325)
						Balance at				Balance at
						1July			Other	30June
						2021	Income	Expenditure	movements	2022
						f	f	f	f	f
	Non-charitable			trading
	funds					850,795	4,036,111	(3,928,451)	(52,517)	905,938
	Other movements								Minority
								Transfers	interests	Total
								f	f	f
	Profit share		of minority		interests				(52,517)	(52,517)
	Dividend	paid to minority				interests
									(52,517)	(52,517)

			Balance	at					Balance at
			1July					Other	30June
			2022		Income	Expenditure	movements		2023
				f		f		f	f
General unrestricted	funds		82,179		48,410	(41,492)			89,097
			Balance	at					Balance at
			1July					Other	30June
			2021		Income	Expenditure	movements		2022
				f		f		f	f
Genera I unrestricted	funds		69,994		81,385	(69,200)			82,179
Reconciliation ofnet	income		/ (expenditure)		to net cash	flow from operating		activities
								Group	Group
								2023	2022
								f	f
Net movement in funds								222,077	67,328
Adjustment for:
Depreciation charges								34,367	29,012
(Profit) / loss on the sale offixed assets								497	191
Profit attributable to	minority		interests					204,910	52,517
Dividend paid to minority		interests						23,415
Trading taxation								80,709	8,274
(Increase) / decrease	in debtors							(37,537)	503,150
Increase / (decrease)	in creditors							21,199	(801,029)
Tax paid								(80,709)	(20,147)
Net cash used in operating		activities					468,928		(160,704)