## ## |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)|