|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)| ## ##