2023-04-05-accounts

				Page
Reference and administrative details ofthe charity,		its trustees	and advisers
Trustees' report				2-9
Independent examiner's	report			10-11
Statement of financial	activities			12
Balance sheet				13
Notes to the financial statements				14-26

				Unrestricted	Total	Total
				funds	funds	funds
			Note	2023	2023f	2022
Income from:
Donations and legacies Investments				TT,438 18,967	77,438 18,967	13,226 17,463
Total income				96,405	96,405	30,689
Expenditure on:
Raising funds Charitable activities				8,443 269,055	8,443 269,055	10,556 249,009
Total expenditure				277,498	277,498	259,565
Net expenditure before investment Net gains / (losses) on investments	gains/(losses)		10	(181,093) (40,845)	(181,093) (40,845)	(228,876) 48,851
Net expenditure before other recognised losses		gains and		(221,938)	(221,938)	(180,025)
Net movement in funds				(221,938)	(221,938)	(180,025)
Reconciliation offunds:
Total funds brought forward				1,206,575	1,206,575	1,386,600
				984,637	984,637	1,206,575
Total funds carried forward

				Note		2023		2022f
Fixed assets
Intangible assets				14		33,830		42,287
Tangible assets				15		3,734		5,039
Investments				16		855,520		1,072,697
						893,084		1,120,023
Current assets
Debtors				17	3,481		3,481
Cash at bank and		in	hand		99,348		90,884
					102,829		94,365
Creditors:	amounts		falling due within one
year					V1,276)		(7,813)
Net current	assets					91,553		86,552
Net assets						984,637		1,206,575
Charity Funds
Unrestricted	funds			19		984,637		1,206,575
Total funds						984,637		1,206,575

3.	Investment income
			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
	Income from listed investments		16,554	16,554	16,924
	Interest receivable		2,413	2,413	539
			18,967	18,96T	17,463
	Total 2022		17,463	17,463
4.	Analysis ofcharitable	expenditure

Analysis of	charitable e	xpend	iture
				Charitable
				expenditure	Total	Total
				2023f	2023f	2022f
Raising funds:
Investment	management	(see	note 5)	8,443	8,443	10,556
Subtotal raising funds				8,443	8,443	10,556
Charitable	activities:
Support costs (see note 8) Direct costs (see note 6)				211,5T9 38,267	211,5T9 38,26T	200,995 32,490
Subtotal charitable activities				249,846	249,846	233,485
Expenditure	on governance		(see note 9)	19,209	19,209	15,524
				277,498	277,498	259,565
Total 2022				259,565	259,565

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
					Z
	Investment		management	8,443	8,443	10,556
	Total 2022			10,556	l0,556
6.	Direct	costs
				information
				and Support Services	Total 2023	Total 2022f
	Medical	consultancy		21,250	21,250	20,000
	Printing	and	stationery	17,017	17,017	12,490
				38,267	38,267	32,490
	Total 2022			32,490	32,490
7.	Grants	payable
					Total	Total
					2023	2022

Support c	osts
		Information
		and Support	Total	Total
		Servicesf	2023	2022f
Staff costs		157,494	157,494	149,091
Depreciation		9,762	9,762	'l2,251
Rent and rates		26,371	26,371	24,185
ITconsultancy		11,506	11,506	8,866
Postage		3,599	3,599	2,888
Telephone	and fax	463	463	821
Other expenses		913	913	905
Subscriptions		1,471	1,471	1,988
		211,579	211,579	200,995
Total 2022		200,995	200,995

Governance	costs
		Unrestricted	Total
		funds	funds
		2023	2022
Accountancy	fees	7,470	3,600
Legal and professional		9,916	10,497
Insurance		1,823	1,427
		19,209	15,524

		Website
		Costs
Cost
At 6 April	2022 and 5 April 2023	75,840
Amortisation
At 6 April 2022 Charge for the year		33,553 8,457
At 5 April	2023	42,010
Carrying	amount
At 5 April	2023	33,830
At 5April	2022	42,287

Tangible fixed assets
	Plant and	Fixtures and
	machinery	fittings	Total
Cost
At 6 April 2022 and 5 April 2023	3,543	14,552	18,095
Depreciation
At 6 April 2022 Charge for the year	3,459 21	9,597 1,284	13,056 1,305
At 5 April 2023	3,480	10,881	14,361
Net book value
At 5 April 2023	63	3,671	3,734
At 5April 2022	84	4,955	5,039

								Sub total
				Listed	Cash	in		carried
				securities	portfolio			forward
				F
Market value
At 6April Additions Disposals Valuation Withdrawal	2022 changes ofcash	funds		1,067,264 9,750 (170,088) {51,40T)	5,432 (5,432)			1,072,696 9,750 (1T0,088) (51,407) (5,432}
At 5 April	2023			855,519				855,519
				Sub total
				brought	investment	in
				forward	subsidiary			Total
								f.
Market value
At 6 April 2022 Additions Disposals Valuation changes Withdrawal ofcash		funds		1,072,696 9,750 (170,088) (51,407) (5,432}		1		1,0T2,697 9,750 (170,088) {51,407) (5,432)
At 5April 2023				855,519				855,520
iary undertakings
The following were		subsidiary	undertakings	ofthe company:
					2023			2022
Name				Holding
PAPAA Enterprises		Limited		100%	1			1
Name				Business	Registered		office
PAPAA Enterprises		Limited		Website Licence	Calder 8 Co
					30Orange Street
					London
					WC2H THF

17.	Debtors
				2023f	2022f
	Other debtors			2,600	2,600
	Prepayments	and accrued income		881	881
				3,481	3,481
18.	Creditors: Amounts		falling due within one year
				2023	2022f
	Trade creditors			3,053	223
	Other taxation	and social security		4,382	3,989
	Amounts owed to subsidiary undertaking Accruals and deferred income			1 3,840	1 3,600
				11,276	7,813

Statement offund	s - cu	rrent year
			Balance at				Gainsl	Balance at
			6April 2022 f	Income f	Expenditure	f	(Losses) F	5 April 2023 F
Designated funds
Investment and research fund Small research grant programme			1,039,600 47,000					1,039,600 4T,000
			1,086,600					1,086,600
General funds
General Funds			119,9T5	96,405	{277,498)		{40,845)	(101,963)
Total Unrestricted	funds		1,206,575	96,405	(2?T,498)		(40,845)	984,63?
Total offunds			1,206,575	96,405	(277,498)		(40,845)	984,637

Statement offun	ds - pr	ior year
			Balance at			Gains'	Balance at 5
			6April 2021	income	Expenditure	(tosses)	April 2022
						E	E
Designated funds
Investment and research fund Small research grant programme			1,039,600 47,000				1,039,600 47,000
			1,086,600				1,086,600
General funds
General Funds			300,000	30,689	(259,565)	48,851	119,Q75
Total Unrestricted	funds		1,386,600	30,689	(259,565)	48, 85'l	1,206,575
Total offunds			1,386,600	30,689	(25Q,565)	48,851	1,206,575

Analysis	ofnet assets between funds -current year
		Unrestricted
		funds
		2023
		E
Intangible fixed assets Tangible fixed assets Fixed asset investments Current assets Creditors due within one year		33,830 3,734 855,520 102,829 (11,276)
		984,637

Analysis	of net assets between funds - prior year
		Unrestricted
		funds
		2022
Intangible fixed assets Tangible fixed assets Fixed asset investments		42,287 5,039 1,072,697
Current assets		94,365
Creditors	due within one year	(7,813)
		1,206,575

Remuneration of key management	personnel	2023	2022
Aggregate compensation		64,400	60,033