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||**Page**|
|---|---|
|Referenceand Administration Details|3|
|Trustees Report|4-7|
|Independent Examiners' Report|8-9|
|Statement of Financial Activities|10|
|Balance Sheet|11|
|Statement of Cash Flows|12|
|Notes to the Financial Statements|13 - 17|





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|||**2022**|**2021**|
|---|---|---|---|
||**Notes**|||
|||£|£|
|**Income from:**||||
|Donations||1,461|253|
|Grants|**2**|162,655|831,658|
|Legacies||27,776|6,808|
|**Total Income**||191,892|838,719|
|**Expenditure on:**||||
|Charitable activities|**3**|(147,986)|(815,261)|
|**Total expenditure**||(147,986)|(815,261)|
|**Net income for the year**||43,906|23,458|
|**Total unrestricted funds brought forward**||237,401|213,943|
|**Total of unrestricted funds carried forward**||281,307|237,401|





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||**Notes**|**2022**|**2021**|
|---|---|---|---|
|||£|£|
|**Current Assets**||||
|Debtors and prepayments|**6**|893,031|831,658|
|Cash at bank||723,027|1,172,280|
|||1,616,058|2,003,938|
|**Creditors**||||
|Research grants duewithin 1 year|**7**|(1,315,025)|(1,761,857)|
|Sundrycreditors and accruals||(19,726)|(4,680)|
|||(1,334,751)|(1,766,537)|
|**Net Assets**||281,307|237,401|
|**Unrestricted Funds**|**8**|281,307|237,401|






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||**2022**|**2021**|
|---|---|---|
||£|£|
|**Cash flows from operating activities**|||
|Net cash (used in)/provided by operating activities|(449,253)|432,192|
|**Change in cash and cash equivalents in reporting period**|**(449,253)**|**432,192**|
|Bank cash and cash equivalents at the beginning of the reporting|||
|period|1,172,280|740,088|
|**Total cash and short term deposits at the beginning of the**|||
|**reporting period**|**1,172,280**|**740,088**|
|**Bank cash and cash equivalents at the end of the reporting**|||
|**period**|**723,027**|**1,172,280**|
|**Net income for the reporting period**|**43,906**|**23,458**|
|**Adjustments for:**|||
|(lncrease)/decrease in debtors|(61,373)|348,714|
|(Decrease)/increase in creditors|(431_786)|60,020|
|**Net cash (used in)/provided by operating activities**|**(449,253)**|**432,192**|



|**Analysis of changes in net funds**|**1 April 2021**|**Cashflow**|**31 March 2022**|
|---|---|---|---|
|Cash at bank and in hand|1,172,280|449,253|723,027|





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|**2**|**Grants**|**2022**|**2021**|
|---|---|---|---|
|||£|£|
||Grant from theAlzheimer's Society|432,628|415,829|
||Grant from theAlzheimer's Research UK|432,627|415,829|
|||865,255|831,658|
||less amount no longer required|(702,600)||
|||162,655|831,658|





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|**3**|**Charitable Activities**|**2022**|**2021**|
|---|---|---|---|
|||£|£|
||Research Grants:|||
||University of Bristol|128,605|123,079|
||University of Cardiff|59,657|58,600|
||King's College London|167,276|155,340|
||University of Manchester|107,159|104,133|
||University of Newcastle|120,821|116,694|
||University of Newcastle (Co-ordinating Centre)|105,682|103,357|
||University of Oxford|136,055|130,455|
|||825,255|791,658|
||Amount no longer required|(702,600)||
|||122,655|791,658|
||Staffcosts (note 4)|21,377|18,849|
||Associated support costs (note 5)|3,954|4,754|
|||147,986|815,261|
|**4**|**Staff Costs**|**2022**|**2021**|
|||£|£|
||Gross wages and salaries|18,433|16,338|
||Employer's National insurance|1,921|1,642|
||Pension contributions|1,023|869|
|||21,377|18,849|



|**5**|**Support Costs**|**2022**|**2021**|
|---|---|---|---|
|||£|£|
||External examination fees|3,900|4,680|
||Otherexpenses|54|74|
|||3,954|4,754|





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|**6**|**Debtors**|**2022**|**2021**|
|---|---|---|---|
|||£|£|
||Amount owed by related parties duewithin oneyear:|||
||Alzheimer's Society|432,628|415,829|
||Alzheimer's Research UK|432,627|415,829|
||Accrued income|27,776||
|||893,031|831,658|
|**7**|**Creditors**|**2022**|**2021**|
||**Amounts falling due within one year**|£|£|
||Research grants|1,315,025|1,761,857|
||Accruals|19,726|4,680|
|||1,334,751|1,766,537|
||**Research grants creditors payable**|||
||Withinoneyear|1,315,025|1,761,857|
|||1,315,025|1,761,857|
||**Reconciliation of Research grants commitments**|||
||Balance brought forward|1,761,857|1,696,597|
||Newcommitments entered into|825,255|791,658|
||Commitments no longerrequired|(702,600)||
||Amounts spent intheyear|(569,487)|(726,398)|
|||1,315,025|1,761,857|
|**8**|**Movement in Funds**|**2022**|**2021**|
|||£|£|
|||**Unrestricted**|**Unrestricted**|
|||**Fund**|**Fund**|
||Balance bought forward as at 1stApril|237,401|213,943|
||Net incoming resources fortheyear|43,906|23,458|
||Balance carriedforward|281,307|237,401|





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