2023-04-05-accounts

The Anya Sturdy	The Anya Sturdy	Charitable Trust for Medical	esearch
		Contents
Reference and Administrative Details
Trustees' Report				2to4
Statement ofTrustees'	Responsibilities
Independent Examiner's Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements			9to15

The Anya Sturdy Charitable Trust for Medica		l	Research
Trustees' Report
The trustees present the annual report together with the financial statements of			he charity	for the year			ended 5
April 2023.
Objectives and activities
Objectsand aims
The objectives ofthe Charity are to:
-promote medical research and provide or facilitate the provision ofequipment			nd care for	the relief of			sickness
or disabling diseases and conditions for the benefit ofthe public; and
-make donations towards or to otherwise promote or assist such charitable purp			ses as the trustees			may	see fit.
This is performed through the awarding ofgrants, in accordance with the terms			fthe governing		document.			The
trustees consider grant making an effective method of delivering these objec			ives. Grants	are	awarded			at	the
discretion ofthe trustees.
Public benefit
The trustees confirm that they have complied with the requirements ofsection		1	ofthe Charities		Act 2011			to
have due regard to the public benefit guidance published by the Charity Commi			sion for England			and Wales.
Achievements and performance
During the year the Charity made donations to the following two organisations		otalling $112,230
Barts Health NHS Trust							44,149
WIMM							68,081
The charity believes that the support it has given has assisted the bodies suppo			d and they in turn			have	been
able to improve the circumstance ofthe beneficiaries oftheir work.
Applications can be submitted to the Trustees by charitable institutions and the			applications	are	considered				at
the Trustees meetings. Applications should be in writing and incorporate full d			ails ofthe charity			for which
funding is requested. Acknowledgements are not generally sent out to unsucces			ful applicants.
Plans for future periods
Aims and key objectivesforfuture periods
The trustees intend to continue providing grants to meet the objectives ofthe ch			ity but retaining		flexibility			as to
the timing and scale ofgrant making.
Financial Review
The Trust's income from its investments was f27,764(2022:f22,336).Other	i	come &om disposal of
investments was f75,804(2022:$,169,225) and the movement in the value ofi		vestments was ($208,794)
(2022:(f31,091)).The investment income facilitated charitable expenditure w		ich included		grants		awarded		of
f112,230(2022:f108,041),

Donated services and facilities
These are recognised as income when the charity has control over the item, an	conditions associates with	the
donated item have been met, the receipt ofeconomic benefit from the use by th	charity ofthe item is probable
and the economic benefit can be measured reliably. In accordance with the Chariti	sSORP(FRS102),any general
volunteer time is not recognised.
On receipt, the donated professional services and donated facilities are recognise	on the basis ofthe value ofthe
gift to the charity which is the amount the charity would have been willing to facilities of equivalent economic benefit on the open market; a correspondin	pay to obtain these services amount is then recognised	or in
expenditure in the period ofreceipt,
Resources expended
Liabilities are recognised as resources expended as soon as there is a legal orco	structive obligation committing
the charity to the expenditure, it is probable that settlement will be required, and	he amount ofthe obligation	can
be measured reliably. All expenditure is accounted for on an accruals basis. All	xpenses including support costs
and governance costs are allocated or apportioned to the applicable expenditure	eadings.
Irrecoverable VAT is charged against the expenditure heading as and when it w	incurred.
Costs ofgenerating funds
Costs ofgenerating funds comprise those costs directly attributable to managi	g the investment portfolio	and
raising investment income.
Charitable activity
Costs ofcharitable activities include grants made and an apportionment ofover	ead and support costs, including
governance costs, where applicable.
Grants payable are payments made to thirst parties in the furtherance ofthe c	aritable objectives ofthe Trust.
Single or multi-year grants and the trustees have agreed to pay the grant withou	condition, orthe recipient has a
reasonable expectation that they will receive a grant and any condition attachi control ofthe Trust.	g to the grant is outside of	the
Governance costs comprise costs relating to the general running ofthe charity as	pposed to those associated with
generating funds or charitable activity.
Fixed asset investments
Investments are stated at closing mid-market value at the balance sheet date. and disposal are shown in the Statement ofFinancial Activities.	y gains or losses on revaluation
Realised gains and losses
All gains and losses are taken to the Statement ofFinancial Activities as they	ise. Realised gains and losses	on
investments are calculated as the difference between the sale proceeds and ave	eunit purchase cost, Vnrealised
gains and losses are calculated as the difference between the market value at	e year end and opening market
value (or purchase date iflater).
Debtors
Other debtors are recognised at the settlement amount.
The notes on pages 9to 15 form an integral part ofthese fin	ial statements.
Page IO

4	Charitable expenditure	Charitable expenditure
	Analysis ofexpenditure	on charitable		activities		2023	2022
	Grants awarded to institutions					112,230	108,041
	Support and governance	costs (note		5)		(16,951)	(5,847)
						95,279	102,194
	Grants by type ofcharity					2023	2022
	Medical research grants					112,230	106,041
	Other grants						2,000
						112,230	10$,041
5	Support and governance		costs
						2023	2022
	Independent examiner's	fees	(including		VAT)	1,770	1,270
	Foreign exchange (gains) and losses					(18,821)	(7,192)
	Other costs					100	75
						(16,951)	(59847)