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||||Page|
|---|---|---|---|
|Reference and Administrative||Details||
|I||||
|Trustees'
Report|||3|
|Independent
Auditor's|Report||13|
|Statement ofFinancial|Activities||16|
|Balance Sheet|||17|
|Statement ofCash Flows|||18|
|Notes to the Financial|Statements||19|
##
##
|Trustees:|Trustees:|||—Ms. Roda Ali Ahmed|(appointed|(appointed|(appointed|I January 2021)|I January 2021)|I January 2021)|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Dr. Anne Au'sten
(resigned|||31 December 2021)||||
|||||Ms. Janice Barber|||||||
|||||Dr Titilola Banjoko|||||||
|||||Professor Ged Byrne|MBE||||||
|||||Dr Jemima Dennis-Antwi||(appointed||||I January 2021)|
|||||Ms. Claire Hammond|||||||
|Chair:||||Professor Judith Ellis|OBE||(resigned||31 December 2021)||
|||||Professor Irene Leigh|(resigned|||31 December 2021)|||
|||||Mr Mike McKirdy|||||||
|||||Mr Hugh Risebrow|||||||
|||||Mr Jonty Roland|||||||
|||||Mr Justinian
Ash (appointed|||I January|||2022)|
|||||Professor Valerie Flemirig||(appointed||||I January 2022)|
|||||Professor' Rosal inc Raine||(appointed|||I|January 2022)|
|Chief Executive:||||Mr Ben Simms|||||||
|Company|Secretary:|||Ms,Jacqueline
Mutibwa|||||||
|Registered||Office:||I St Andrews
Place|||||||
|||||Regent's
Park|||||||
|||||London|||||||
|||||NWI 4LE|||||||
|Independent||Auditor:||Haysmacintyre
LLP|||||||
|||||Chartered
Accountants|||||||
|||||10Queen Street Place|||||||
|||||London|||||||
|||||EC4R IAG|||||||
|Charity|Registration||No:|1113101|||||||
|Registered||Company|No:|05708871|||||||
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|||||||Restated|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2021|2020|
|||Note|||||
|Income from:|||||||
|Donations
and legacies||4|114,171||114,171|65,314|
|Charitable
activities||5|465,756|5,428,478|5,894,234|3,736,756|
|Investiiients||6|20||20|43|
|Other income||7|68,168||68,168|67,142|
|Total income|||648,115|5,428,478|6,076,593|3,869,255|
|Expenditure
on:|||||||
|Raising Funds.||8|143,890||143,890|102,328|
|Charitable
activities||10|228,773|4,727,269|4,956,042|3,856,240|
|.Total expenditure|||372,663|4,727,269|5,099,932|3,958,568|
|Net income/(expenditure)|||275,452|701,209|976,661|(89,313)|
|Transfers
between|funds|17|58;731|(58,731)|||
|Net movement
in funds|||334,183|642,478|976,661|(89,313)|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||227,572|1,453,525|1,681,097|1,770,410|
|Total funds carried|forward||561,755|2,096,003|2,657,758|1,681,097|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|||
|Cash flows from operating||activities||||||
|Net cash used
in operating||activities|||19|1,237,164|(617,646)|
|Cash flows from investing||activities||||||
|Purchase oftangible
fixed|assets|||||(1,866)|(3,559)|
|Interest received||||||20|43|
|Net cash (used) in/provided||by investing||activities||(1,846)|(3,516) .|
|Change
in cash and cash|equivalents||in|the year||1,235,318|(621,162)|
|Cash and cash equivalents|at the beginning|||ofthe year||902,689|1,523,851|
|Cash and cash equivalents||at the end|of|the year'||2,138,007|902,689|
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|amounts ofassets and lia|bilities
within
the next financial
year.|||
|---|---|---|---|
|Income from donations|and legacies|Total|Total|
|||Funds|Funds|
|||2021|2020|
|Donations||114,171|59,162|
|Legacies|||6, 152|
|||114,171|65,314|
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|Income from charitable|Income from charitable||activities||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|Funds|
||||||2021|2021|2021|2020|
|Income from charitable||activities-|||||||
|Programmes|& Projects||||6,233|5,428,478|5,434,711|3,317,687|
|Total 2020|||||18,551|3,299,136 .|3,317,687||
|Investment|income||||||Total|Total|
||||||||Funds|Funds|
||||||||2021|2020|
|Investment|income —local cash||||||20|43|
|All income from investments|||divas unrestricted|in the current|and previous. year.||||
|Other income|||||||Total|Total|
||||||||Funds|Funds|
||||||||2021|'2020|
|Conference|fees||||||68,168|67,142|
##
|8.|Expenditure|on raising funds|on raising funds|on raising funds|on raising funds|||||
|---|---|---|---|---|---|---|---|---|---|
||Costs of raising voluntary||||income||||Restated|
|||||||||Total|Total|
|||||||||Funds|Funds|
|||||||||2021|2020|
||Other direct costs|||||||63,329|4,696|
||Direct salaries|||||||47,880|24,546|
||Allocated
centrally||incurred||fundraising|and governance|costs|20,909|65,272|
|||||||||132,118|94,514|
||Fundraising|trading||expenses||||||
||Indirect salaries|||||||11,772|7,814|
|||||||||143,890|102,328|
##
|9.|Analysis ofgrants|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Grants to|Total|Total|
||||||||Institutions|Funds|Funds|
||||||||2021|2021|2020|
||Grants awarded
to NHS and|academic|||partners||1,464,104|1,464, 104 .|324,488|
||Total 2020||||||324,488|324,488||
||The Charity
has made the following|||material||grants to institutions|during the year.|||
|||||||||2021||
||Name ofinstitution|||||||||
||Addenbrooke's
Charitable
Trust|||||||72,581||
||Birmingham
City University-|||||||21,065||
||Coventry
University
Services Limited|||||||75,919||
||Faculty ofPublic Health|||||||28,281||
||Global Anaesthesia
Development||Project|||||45,560||
||Kids of, Malawi
UK|||||||27,218||
||Kings College London|||||||96,252||
||London School ofHygiene &Tropical||||Medicine|||91,674||
||Manchester
Metropolitan
University|||||||42,750||
||Nottingham
Trent University|||||||118,163||
||Royal College ofPaediatrics|and|Child||Health|||54,977||
||Sheffield
Health
and Social Care||NHS||FT|||54,383||
||Royal College ofSurgeons ofEngland|||||||76,000||
||THET Somaliland|||||||50,000||
||Uganda
UK Health Alliance|||||||139,747||
||University of Health and Allied Sciences|||||||21,921||
||University ofOxford|||||||37,800||
||University
ofWolverhampton|||||||76,000||
|||||||||1,130,291||
||Other. grants to institutions|||||||333,813||
|||||||||1,464, 104||
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|10.|Analysis of|expenditure|expenditure|expenditure|by activities|by activities|by activities||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Activities|Grant|||Restated|
|||||||||undertaken|funding of|Support|Total.|Total|
|||||||||directly|activities|costs|Funds|Funds|
|||||||||2021|2021|2021|2021|2020|
||programmes|k.|projects|||||3,263,165||228,773|3,491,938|3,531,752|
||Grants
awarded||to|NHS|and|academic|||||||
||partners||||||||1,464,104||1,464, 104'|324,488|
|||||||||3,263,165|1,464,104|228,773|4,956,042|3,856,240|
||Total 2020|||||||3,093,229|324,488|438,523|.3,856,240||
||Analysis of|direct costs|||||||||Total|Total|
||||||||||||Funds|Funds|
||||||||||||2021|2020|
||Staff costs||||||||||1,300,255|1,567,589|
||Direct expenditure|||on programmes|||and||||||
||projects||||||||||1,962,910|1,525,640|
||Total||||||||||3,263,165|3,093,229|
||Analysis of|support||costs||||||||Restated|
||||||||||||Total|Total|
||||||||||||F'unds|Funds|
||||||||||||2021|2020|
||Staff costs||||||||||82,401|'46,887|
||Governance|costs|||||||||13,621|17,293|
||Administration||and|office|expenses||||||122,031|361,314|
||Rent and rates||||||||||10,720|13,029|
||||||||||||228,773|438,523|
##
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||ofX2,350(||2020:X2,|25|0).|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|12.|Staff costs|||||||||||||
||||||||||||2021|2020||
||||||||||||||'|
||Wages and||salaries||||||||1,313,982|.1,292,773||
||Social security costs||||||||||102,906|81,910||
||Contribution||to defined||contribution||pension schemes||||42,281|30,991||
||||||||||||1,459,169|1,405,674||
||The average||number|of|persons|employed||by the Charity|d'uring|the year was as follows:||||
||||||||||||No.|||
||Charitable|activities||programme||and|Projects||||45|61||
||Administration||||||||||7|6||
||Generating||income||||||||I|I||
||||||||||||53|||
|,2021|2020|
|---|---|
|No.|No.|
##
|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|||
|---|---|---|---|---|---|
|FOR|THE YEAR ENDED|31STDECEMBER 2021||||
|14.|Tangible
fixed assets|||||
||||||' Computer|
||||||Equipment|
||Cost|||||
||At 1st January 2021||||29,415|
||Additions||||1,866|
||At 31st December 2021||||31,281|
||Depreciation|||||
||At 1st January
2021||||14,912|
||Charge for year||||8,674|
||At 31st December 2021||||23,586|
||Net Book Value|||||
||At 31st December 2021||||7,695|
||At 31st December 2020||||14,503|
|15.|Debto rs|||||
|||||2021|2020
'|
||Due within
one year|||||
||Trade debtors|||1,031,561|497,654|
||Other debtors|||84,617|165,272|
||Prepayments
and accrued income|||227,670|392,645|
|||||1,343,848|1,055,571|
|16.|Creditors: amounts|falling due within|one year|||
|||||2021|2020|
||Trade creditors|||214,716|56,056|
||Other taxation
and social security|||45,290|51,557|
||Other creditors|||93,533|40,744|
||Accruals|||478,253|143,309|
|||||831,792|291,666|
##
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|Statement of|Funds|Funds|Funds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Statement of|funds|||—Current||year|||||||
||||||||Balance at|||||Balance at 31|
||||||||1 January||Income|Expenditure|Transfers|December|
||||||||2021
.||||in/out|2021|
|Unrestricted|funds||||||||||||
|General
funds|||||||227,572||648,115|(372,663)|58,731|561,755|
|Restricted funds|||||||||||||
|Bill and Melinda||Gates|||||||||||
|Foundation|||||||34,564||129,865|(91,891)||72,538|
|Biomedical
Engineering|||||||18,326|||||18,326|
|Burdett Trust|Nursing||||Fellowships||||108,000|(7,067)||100,933|
|CwPAMS|||||||105,720||619,359|(740,617)||(15,538)|
|FIWP|||||||||1,678,401|'(986,874)||691,527|
|Fraxinus|||||||48,181|||(38,798)||.9,383|
|Health
Education|||England||||646,103||1,279,679|(1,052,707)|(153,997)|719,078|
|Johnson
and Johnson|||||||242,927||8,024|(201,906)||49,045|
|Novartis|||||||65,202||210,439,|(176,901)|13,182|111,922|
|Other restricted||funds|||||75,524||75,213|(70,744)|(4,760)|75,233|
|SHINE|||||||13,951||26,732|(31,800)|(8,883)||
|SCCF|||||||||38,938|(38,938)|||
|King's College London|||||||(8,552)|'|130,000|(130,135)|8,687||
|SIDA|||||||24,413||117,228|(228,840)|87,199||
|Saving mothers
at|||delivery||||189,634||200,405|(133,467)||256,572|
|UKPHS|||||||(2,468)||761,544|(752,092)||6,984|
|Welsh Government||||Programme|||||44,651|(44,492)|(159)||
||||||||1,453,525||5;428,478|(4,727,269)|(58,731)|2,096,003|
|Total offunds|||||||1,681,097||6,076,593|(5,099,932)||2,657,758|
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|18.|Analysis|ofnet|assets|assets|assets|/
between|/
between|funds||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Analysis|ofnet|assets|||betwe'en||funds-||||||
||Current|year||||||||Unrestricted||Restricted|Total|
||||||||||||funds|Funds|Funds|
||||||||||||2021|2021|2021|
||Tangible|fixed|assets||||||||7,695||7,695|
||Current|assets|||||||||594,984|2,886,871|3,481,855|
||Creditors|due within|||one year||||||(40,924)|(790,868)|(831,792)|
||Total||||||||||561,755|2,0.96,003|2,657,758|
||Analysis|ofnet|assets|||between||funds-||||||
||Prior year|||||||||Unrestricted||Restricted|Total|
||||||||||||Funds|Funds|Funds|
||||||||||||2020|2020|2020|
||||||||||||f.|||
||Tangible|fixed|assets||||||||14,503||14,503|
||'Current|assets|||||||||255,167|1,703,093|1,958,260|
||Creditors|due within|||one year||||||(42,098)|(249,568)|(291,666)|
||||||||||||227,572|1,453,525|1,681,097|
|19.|Reconciliation||ofnet||movements|||in funds|to net cash flow from||operating|activities||
|||||||||||I||||
|||||||||||||2021|2020|
||Net income/(expenditure)
for||||||the|year (as per Statement||ofFinancial|Activities)|976,661|(89,313)|
||Adjustments
for:|||||||||||||
||Depreciation
charges|||||||||||8,674|3,551|
||Increase|in debtors||||||||||(288,277)|(451,499)|
||Increase/(decrease)|||in|creditors|||||||540,126|(80,342)|
||Interest received|||||||||||(20)|(43)|
||Net cash|provided||by/(used|||in)|operating|activities|||1,237,164|(617,646)|
##
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||Balance held|Balance held|Net receipts/|Balance held at|
|---|---|---|---|---|
||at|I January|payments|31 December|
|||2021|2021|2021|
|Andrew
Quay le||1,175|(2,700)|(1,525)|
|Links Lusaka||403|1,287|1,690|
|NIHRGHRG||(1,908)|1,908||
|NIHR —MY||4,506|(4,506)||
|Veta Bailey —TA||4,209||4,209|
|Veta Bailey —ET||(872)||(872)|
|||7,513|(4,011)|3;502|
||Balance held||Net receipts/|Balance held at|
||at|I January|payments|31 December|
|||2020|2020|2020'|
|||'f|||
|Andrew
Quayle.|||1,175|1,175|
|Links
I usaka||464|(61)|403|
|NIHRG HRG||816|(2,724)|(1,908)|
|Clinical Officer Support Zambia||1,073|(1,073)||
|N IHR —MY||4,506||4,506|
|Veta Bailey —TA||4,209||4,209|
|Veta Bailey —ET||1,140|(2,012)|(872)|
|||12,208|(4,695)|7,513|
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||||Restated|Restated|Restated|
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|2020|
|||Note||||
|Income from:||||||
|Donations
and' legacies||4|65,314||65,314|
|Charitable
activities||5|437,620|3,299,136|'3,736,756|
|Investments||6|43||43|
|Other income||'7|67,142||67,142|
|Total income|||570,119|3,299, 1.36|3,869,255|
|Expenditure
on:||||||
|Raising Funds||8|102,328||102,328|
|Charitable
activities||10|438,523|3,417,717|3,856,240|
|Total expenditure|||540,851|3,417,717|3,958,568|
|Net (expenditure)/income|||29,268|(118,581)|(89,313)|
|Transfers
between|funds|17|(5,611)|5,611||
|Net movement
in funds|||23,657|(112,970)|(89,313)|
|Reconciliation
offunds:||||||
|Total funds brought|forward||203,915|1,566,495|1,770,410|
|Total funds carried|forward||227,572|1,453,525|1,681,097|