## ## ||Pages| |---|---| |Legal and Administrative Information|2| |Foreword by Lord Sainsbury|3| |Introduction by Bronwen Maddox|5| |Governors’ Annual Report|6 to 14| |Independent Auditor’s Report|15 to 17| |Consolidated Statement of Financial Activities|18| |Charity and Group Balance Sheet|19| |Consolidated Statement of Cash Flows|20| |Notes to the Accounts|21 to 33| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## Date: 26th October 2022 ## |||Unrestricted|Unrestricted||||| |---|---|---|---|---|---|---|---| ||Notes|General Fund|Designated|Restricted||2022|2021| |Income from:||£|Funds
£|Funds|£|Total Funds
£|Total Funds
£| |Charitable activities|4|5,355,103|-||-|5,355,103|5,367,974| |Othertrading activities|5|300|-||-|300|| |Investments||302|-||-|302|645| |Other|6|43,712|-||-|43,712|88,333| |Total||5,399,417|-||-|5,399,417|5,456,952| |Expenditure on:|||||||| |Raising funds||660|-||-|660|1,646| |Charitable activities|7|4,850,195|56,091||-|4,906,286|4,628,765| |Total||4,850,855|56,091||-|4,906,946|4,630,411| |Net income/(expenditure)||548,562|(56,091)||-|492,471|826,541| |Transfers between funds|18|(104,719)|104,719||-|-|-| |Net Movement in funds||443,843|46,628||-|492,471|826,541| |Reconciliation of funds:|||||||| |Total funds brought||2,093,955|900,053||-|2,994,008|2,167,467| |forward|||||||| |Total funds carried||2,537,798|948,681||-|3,486,479|2,994,008| |forward|||||||| ## ||||||Notes|Group|Group|Charity|Charity| |---|---|---|---|---|---|---|---|---|---| |||||||2022|2021|2022|2021| |Fixed Assets||||||£|£|£|£| |Tangible fixed assets
Intangible fixed assets
Investments|||||12
13
14|75941
52,740
-|80,053
-
-|75,941
52,740
100|80,053
-
100| |CurrentAssets||||||128,681|80,053|128,781|80,153| |Debtors
Cash at bank|||||15|447,503
3,549,805|424,819
2,987,856|538,351
3,460,883|515,717
2,898,524| |Current Liabilities||||||3,997,308|3,412,675|3,999,234|3,414,241| |Creditors:
amounts||falling||due|||||| |within one year|||||16|639,510|498,720|639,530|498,740| |Net CurrentAssets||||||3,357,798|2,913,955|3,359,704|2,915,501| |Total
assets|less||current|||3,486,479|2,994,008|3,488,485|2,995,654| |liabilities|||||||||| |Total NetAssets||||||3,486,479|2,994,008|3,488,485|2,995,654| |The funds ofthe|charity:||||19||||| |Unrestricted Funds|||||||||| |General Fund||||||2,537,798|2,093,955|2,539,804|2,095,601| |Designated Funds||||||948,681|900,053|948,681|900,053| |||||||3,486,479|2,994,008|3,488,485|2,995,654| ## ||Group|| |---|---|---| ||2022|2021| |Cash flows from operating activities:|£|£| |Net cash provided by/fused in) operating activities|666,366|923,427| |Cash flows from investing activities:||| |Interest income|302|645| |Purchase oftangible fixed assets|(104,719)|(52,417)| |Net Cash used in investing activities|(104,417)|(51,772)| |Change in cash and cash equivalents in the reporting period|561,949|871,655| |Cash and cash equivalents atthe beginning ofthe reporting period|2,987,856|2,116,201| |Total cash and cash equivalents at the end ofthe reporting period|3,549,805|2,987,856| ## ||Group|| |---|---|---| ||2022|2021| ||£|£| |Net income/(expenditure) forthe reporting period|492,471|826,541| |Adjustments for:||| |Depreciation charge|56,091|48,614| |Interest income
(Increase)/Decrease in debtors|(302)
(22,684)|(645)
11,501| |Increase/fDecrease) in creditors|140,790|37,416| |Net cash provided by operating activities|666,366|923,427| ## ## ## ## ## # ## ## ## ## |stimated useful economic lives on a straigh|
t-line basis as follows:| |---|---| |Assetcategory|Annual rate| |Long leasehold building/improvements|Based on term of lease/estimated lease extension| |Office equipment|33%| |Furniture & fittings|20%| ## ## ## ## ## ## ## ## ## |subsidiary which undertakes commercial activities including
summary financial performance ofthe charity alone is:|room hire on behalf o|
f the charity| |---|---|---| ||2022|2021| ||£|£| |Income|5,399,117|5,456,952| |Gift aid from subsidiary company|-|| |||-| ||5,399,117|5,456,952| |Expenditure on raising funds and charitable activities|4,906,286|4,628,765| |Net Income|492,831|828,187| |Total funds brought forward|2,995,654|2,167,467| |Total funds carried forward|3,488,485|2,995,654| |Represented by:||| |Designated unrestricted income funds|948,681|900,053| |General unrestricted income funds|2,539,804|2,095,601| ||3,488,485|2,995,654| ## ## |INCOME FROM CHARITABLE ACTIVITIES||| |---|---|---| ||2022|2021| ||£|£| |Grant from Gatsby Charitable Foundation
Project and event sponsorship income
Learning and development courses
Other income from charitable activities|4,613,111
575,159
166,522
311|4,677,643
506,726
178,606
4,999| ||5,355,103|5,367,974| ## ||2022|2021| |---|---|---| ||£|£| |Turnover|300|| |Cost ofsales and administrative costs|(660)|(1,646)| |Net profit|(360)|| |||(1,646)| |Retained earnings brought forward|(1,646)|-| |Amount gift aided to the charity||| |Retained earnings carried forward|(2,006)|(1,646)| ## ## ## |egmented. The expenditure on our charitable work is an|
alysed below.|| |---|---|---| ||2022|2021| |Staff salaries and other staff related costs
Premises and other building related costs
Events and StaffCatering
Transcription and other research costs
Office supplies
IT costs
Depreciation
Finance costs including bank charges
Website and media costs
Irrecoverable VAT
Governance costs
Support costs|£
3,257,467
675,950
145,187
15,830
6,520
83,213
56,091
1,768
158,697
84,575
44,282
376,706|£
3,112,134
625,172
89,976
8,554
4,759
69,746
48,614
1,971
137,710
117,379
49,500
364,250| |Total|4,906,286|4,628,765| ## |||General|Governance|Total|2022|Basis ofcalculation| |---|---|---|---|---|---|---| |||support|£|£|£|| |||£||||| |Staffcosts||281,411|19,456|300,867|292,202|Support function staff| |||||||time spent on support| |||||||function activities| |Building costs||92,175||92,175|85,251|Supportfunction staffas| |||||||proportion of FTE staff| |Audit and||||||| |accountancy|fees:|||||| |Audit|||17,596|17,596|16,300|Governance| |Tax advisory|||7,230|7,230|12,944|Governance| |Legal and||3,120||3,120|6,053|Governance| |professional|fees|||||| ||Total|376,706|44,282|420,988|412,750|| ## ## |NALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION
EY MANAGEMENT PERSONNEL|AND EXPENSES AND THE C|OST OF| |---|---|---| |The aggregate payroll costs were as follows:|2022|2021| ||£|£| |Salaries and wages
Social security costs
Pension costs
Other costs|2,662,696
277,541
371,473
7,859|2,532,365
277,037
354,618
6,519| ||3,319,569|3,170,539| |the year there were no redundancy ortermination payments (2021: £nil).||| |---|---|---| |The number ofstaffwith emoluments greaterthan £60,000 was:||| ||2022|2021| |£60,000-69,999|5|3| |£70,000-f79,999|1|2| |£80,000-89,999|2|2| |£90,000-99,999|2|2| |£120,000-129,999|0|1| |£130,000-139,999|1|0| |£240,000-249,999
£280,000289,999*|0
1|1
0| ## |
he period, analysed by category, was as follows:|p|| |---|---|---| ||2022|2021| ||No.|No.| |Research, Learning and Development|35|34| |Office, management and services|16|16| ||51|50| ## ## ## ||||||| |---|---|---|---|---|---| |12.
TANGIBLE FIXED ASSETS||Group and|Charity||| ||£|£||£|£| |Cost|Leasehold|Office|Furniture|&|Total| ||Improvements|Equipment|Fillings||| |Balance brought forward 1 April 2021
Additions
Transfer to Intangible Assets
Disposals|2,857,211
-
-
-|731,510
44,074
(5,100)
(144,623)|412,506
13,005
-
-||4,001,227
57,079
(5,100)
(144,623)| |Balance carried forward at 31 March 2022|2.857.211|625.861|425.511||3.908.583| |Depreciation|||||| |Balance brought forward at 1 April 2021
Charge forthe period|2,857,211|665,364
45,353|398,599
10,738||3,921,174
56,091| |Disposals||(144,623)|||(144,623)| |Balance carried forward 31 March 2022|2,857,21 1|566,094|409,337||3,832,642| |Net book value at 31 March 2022|0|59,767|16,174||75,941| |Net book value at 1 April 2021|0|66,146|13,907||80.053| |13.
INTANGIBLE FIXED ASSETS|||||| ||£|£|£||| ||Assets under|Intangible|Total||| |Cost|Construction|Assets|||| |Transfer from Tangible Assets 1 April 2021|5,100||5,100||| |Additions|47,640||47,640||| |Disposals|||||| |Balance carried forward at 31 March 2022|52,740|-|52,740||| |Amortisation|||||| |Balance brought forward at 1 April 2021|||||| |Charge for the period|||||| |Disposals|||||| |Balance carried forward 31 March 2022|52,740|-|52,740||| |Net book value at 31 March 2022|52,740|0|52,740||| |Net book value at 1 April 2021|5,100|0|5,100||| ## ## |Charity|| |---|---| |2022|2021| |100
£|£
100| |15.|DEBTORS|Group||Charity|| |---|---|---|---|---|---| |||2022|2021|2022|2021| |||£|£|£|£| |Trade
Other|debtors
debtors|202,947
3,928|-
212,655|3,928
202,947|212,655| |Amounts owed by subsidiary|||-|90,848|90,898| |Prepayments and accrued income||240.628|212,164|240.628|212,164| |||447,503|424,819|538,351|515,717| ## ||Group||Charity|| |---|---|---|---|---| ||2022|2021|2022|2021| ||£|£|£|£| |Trade creditors|156,809|91,765|156,809|91,765| |Accruals and deferred income|382,025|320,589|382,025|320,589| |VAT|416|5,127|436|5,147| |Othertaxation and social security|89,980|78,517|89,980|78,517| |Other creditors|10,280|2,722|10,280|2,722| ||639,510|498,720|639,530|498,740| ## ## |17.
DEFERRED INCOME||||| |---|---|---|---|---| ||Group||Charity|| ||2022|2021|2022|2021| ||£|£|£|£| |Deferred income at 1 April 2021
Resources deferred during the year
Amounts released from previous periods|162,148
108,880
(156,740)|114,760
140,790
(93,402)|162,148
108,880
(156,740)|114,760
140,790
(93,402)| ||114,288|162,148|114,288|162,148| ## ## ## |Analysis ofmovements|in unrestricted a|nd restricted fu|nds 2021-22|nds 2021-22||| |---|---|---|---|---|---|---| ||Balance|Income|Expenditure||Transfers|Balance| ||1 April 2021|||||31 March 2022| |Unrestricted Income|£|£||£|£|£| |Funds||||||| |General funds|2,093955|5,399,417|(4,850,855)||(104,719)|2,537,798| |Designated Funds||||||| |Fixed asset fund
Property relocation
fund|80,053
620,000|-|(56,091)||104,719|128,681
620,000| |Capital and
maintenance fund|200,000|||||200,000| |Restricted Funds||||||| |TOTAL FUNDS|2,994,008|5,399,417|(4,906,946)||-|3,486,479| |Analysis of movements in unrestricted and restricted funds 2020-21||||||| ||Balance|Income|Expenditure||Transfers|Balance| ||1 April 2020|||||31 March 2021| ||£|£||£|£|£| |Unrestricted Income||||||| |Funds||||||| |General funds|1,076,303|5,304,999|(4,429,844)||142,497|2,093,955| |Designated Funds||||||| |Fixed asset fund|76,250||(48,614)||52,417|80,053| |Property relocation
fund|614,914||||5,086|620,000| |Capital and|400,000||||(200,000)|200,000| |maintenance fund||||||| |Restricted Funds||||||| |Charitable activities||||||| |with restricted funding-||151,953|(151,953)|||| |Transport & Energy||||||| |Policy-making||||||| |TOTAL FUNDS|2,167,467|5,456,952|(4,630,411)||-|2,994,008| ## ## |19.
ANALYSIS OF GROUP NET AS|SETS BETWEEN FUNDS|SETS BETWEEN FUNDS||| |---|---|---|---|---| ||Unrestricted||Restricted|Group| ||funds||funds|total| ||General|Designated||funds| |Fund balances at 31 March 2022|£|£|£|£| |are represented by:||||| |Tangible fixed assets||128,681|-|128,681| |Current assets|3,177,308|820,000|-|3,997,308| |Current liabilities|(639,510)||-|(639,510)| ||2,537,798|948,681|-|3,486,479| ||Unrestricted||Restricted|Group| ||funds||funds|total| ||General|Designated||funds| |Fund balances at 31 March 2021|£|£|£|£| |are represented by:||||| ||-|80,053|-|80,053| |Tangible fixed assets||||| ||2,592,675|820,000|-|3,412,675| |Current assets||||| ||(498,720)||-|(498,720)| |Current liabilities||||| ||2,093,955|900,053|-|2,994,008| ## ## ||Group||Charity|| |---|---|---|---|---| ||2022|2021|2022|2021| ||£|£|£|£| |Operating lease commitments due:||||| |Not laterthan one year
Later than one year and not laterthan
five years|485,000
5,315|487,240
490,395|485,000
5,315|487,240
490,395| ## ## ## |22.
COMPARATIVE CO|NSOLID|ATED STATEMENT OF FINAN|ATED STATEMENT OF FINAN|CIAL ACTIVIT|IES 2021|| |---|---|---|---|---|---|---| |||Unrestricted||||| ||Notes|General Fund|Designated|Restricted|2021|2020| |Income from:||£|Funds
£|Funds
£|Total Funds
£|Total Funds
£| |Charitable activities|4|5,216,021||151,953|5,367,974|5,001,685| |Othertrading activities|5|-||||100,822| |Investments||645||-|645|645| |Other|6|88,333|-|-|88,333|134,865| |Total||5,304,999|-|151,953|5,456,952|5,238,017| |Expenditure on:||||||| |Raising funds||1,646|-|-|1,646|58,840| |Charitable activities|7|4,428,198|48,614|151,953|4,628,765|4,516,566| |Total||4,429,844|48,614|151,953|4,630,411|4,575,406| |Net incomel(expenditure)||875,155|(48,614)|-|826,541|662,611| |Transfers between funds|17|142,497|(142,497)|-||-| |Net Movement in funds||1,017,652|(191,111)|-|826,541|662,611| |Reconciliation offunds:||||||| |Total funds brought
forward||1,076,303|1,091,164||2,167,467|1,504,856| |Total funds carried
forward||2,093,955|900,053||2,994,008|2,167,467|