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2020-11-30-accounts

The Trust is delighted
to be working		 with the following 41organisations, with the following 41organisations, who have sponsored sponsored the Fellows in
post during the last financial year, many ofthem fully or part sponsoring more than one Fellow:
Animal
Free Research		 The Nutrition Society
Babraham
Institute		 Queen
Mary		 University ofLondon
Biotechnology
and Biological Sciences Research		 Royal Academy of Engineering
Council Royal Society ofChemistry
British Heart Foundation Science and Technology Facilities Council
Brunel University Society for Chemicallndustry
Ceramysis Swansea
University
Durham
University		 University
College London
Economic and Social Research Council University
of		 Birmingham
Elizabeth
Blackwell Institute for Health Research		 University
of		 Central
Lancashire
Engineering
and Physical Sciences Research		 University
of		 East Anglia
Council University of Edinburgh
Genesis Research Trust University
of		 Huddersfield
Imperial
College London		 University
of		 Leeds
Institute ofCancer Research University
of		 Leicester
John Innes Centre University
of		 Liverpool
The Kennedy Trust The University ofManchester
Kidney Research
UK		 The University of Nottingham
Medical Research Council
Medica I Resea rch Scotia nd		 University
of
University
of		 Strathclyde
Surrey
Natio na I Phys ica I labora tory University
of		 York
Natural
Environment
Research Council

Alan Turing Institute Medical Research Council
Arts and Humanities Research Council Medica
I		 Research Scotland
Biotechnology
and Biological Sciences Research		 Natural
Environment
Research Council
Council Royal Academy of Engineering
British Heart Foundation Royal Society ofChemistry
Durham
University		 Science and Technology
Facilities Council
Economic and Social Research Council University of Leicester
Engineering
and Physical Sciences Research		 University of Nottingham
Council University ofOxford
Imperial
College London		 University ofSurrey
John Innes Centre University ofYork
Kidney Research
UK

REFERENCE AND ADMINISTRA TIVE
DETAILS (continued		 TIVE
DETAILS (continued		 )
Professional Advisors: Ellis Whittam Limited
Woodhouse
Aldford
Chester
Cheshire
CH3 6JD
Auditors: Knox Cropper LLP
Office Suite 1
Haslemere House
Lower Street
Hasle mere
Surrey
GU27 2PE
Bankers: National
Westminster		 Bank pic
PO Box236
University
ofSurrey
Guildford
Surrey
GU2 5ZX
Solicitors: Barlow Robbins
The Oriel
Sydenham
Road
Guildford
Surrey
GU1 3SR

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2020 2019
Notes
CASH FLOWS FROM OPERATING
ACTIVITIES
Net cash used in/(provided
by) in operating
activities 707,128 103,325
CASH FLOWS FROM INVESTING ACTIVITIES
Bank Interest
Purchase ofTangible
Fixed Assets		 3,381
(2,936)		 6,801
Net cash provided
by investment
activities		 445 6,801
CHANGE
IN CASH AND CASH EQUIVALENTS
IN THE FINANCIAL YEAR 707,573 110,126
Cash and Cash Equivalents
at the beginning
ofthe fina ncia
I yea r		 1,517,461 1,407,335
Cash and Cash Equivalents
at the end
ofthe fina ncia
I yea r		 E2,225,034 E1,517,461
NOTES TO THE STATEMENT OF
CASH FLOWS
A)
Reconciliation
of Net Expenditure
to Net		 Cash Flow from 2020
f		 2019
f
Operating
Activities
Net Income to Net Cash Flow
From Operating
Activities
Net Income for the Financial Year
Adjustments
for
-
Depreciation		 377,473
1,031		 92,348
71
Bank Interest received
(increase)/Decrease
in Debtors
Increase
in Creditors		 (3,381)
(118,405)
450,410		 (6,801)
6,881
10,826
Net cash used in/(provided
by) Operating		 Activities E707,128 f103,325
B)
Analysis of Cash and Cash Equivalent
Bank Current Accounts
Bank Deposit Accounts		 1,275,034
950,000		 567,461
950,000
E2,225,034 E1,517,461

2020 2019
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2. GRANTS AND DONATIONS f f
Donations
Grants		 87,475 1,297,564 87,475
1,297,564		 103,260
989,968
f87,475 f1,297,564 f1,385,039 f1,093,228
3, INVESTMENT INCOME
Bank interest f3,381 f - f3,381 f6,801
4. RESOURCES EXPENDED ON
CHARITABLE ACTIVITIES
Grants payable —Fellowship
Support costs rsee note 5)		 Payments 3,568
312,317		 695,062 698,630
312,317		 665,948
341,733
f315,885 f695,062 f1,010,947 f1,007,681

2020 2019
Unrestricted Restricted Total Total
Funds Funds Funds Funds
f f f f
5, SUPPORT COSTS
Administrative
support		 245,498 245,498 230,188
Rent, light and heat 20,000 20,000 20,000
Bank charges 302 302 390
Telephone 991 991 998
Printing,
postage and stationery		 4,631 4,631 5,696
Depreciation 1,031 1,031 71
Insurance 1,520 1,520 1,415
Lega
I and professional		 fees 4,123 4,123 4,320
Trust development 11,889 11,889 12,539
Meetings
and expenses		 6,129 6,129 17,058
Subscriptions
and publicity		 1,725 1,725 1,272
Website costs 1,098 1,098
Staff training 608 608 1,458
Sundry expenditure 3,896 3,896 2,230
Daphne Jackson Trust Conference 34,014
Auditors'
remuneration		 —Audit 6,600 6,600 6,360
Trustees and Committee
Members costs 2,276 2,276 3,724
f312,317 f - f312,317 f341,733
6. NET INCOME
ISSTATED AFTER CHARGING
Auditors'
remuneration		 —Audit 6,600 6,600 6,360
Depreciation 1,031 1,031 71

2020 2019
Total Funds
f		 Total Funds
Gross wages 224,931 211,157
Employer's national insurance costs 13,852 13,237
Pension contributions 6,715 5,794
E245,498 2230,188
2020 2019
The average number ofemployees, No. FTE No. FTE
analysed
by		 function was;
Administration ofcharitable activities 7 11

FIXED ASSETS Computer Office
Equipment Equipment
f		 Total
E
Cost
At 1st December 2019
Additions		 11,001 1,735 12,736
At 30th November
2020		 2,936 2,936
13,937 1,735 15,672
Accumulated Depreciation
At 1st December 2019
Charge for the year		 10,994
978		 1,542
53		 12,536
1,031
At 30th November
2020		 11,972 1,595 13,567
Net book value at 30th November 2020 E1,965 f140 E2,105
Net book value at 30th November 2019 E7 f193 E200

2020 Total funds Transfers Total funds
brought Total Total between carried
forward Income Expenditure funds forward
Restricted funds
Grants payable to 748,977 1,297,564 (695,062) (346,557) 1,004,922
Fellows
Unrestricted funds
General fund 329,802 90,856 (315,885) 346,557 451,330
Total funds E1,078,779 E1,388,420 E(1,010,947) E
-		 E1,456,252
2019 Total funds Transfers Total funds
brought Total Total between carried
forward Income Expenditure funds forward
E f
Restricted funds
Grants payable to 689,314 1,010,768 (671,007) (280,098) 748,977
Fellows
Unrestricted funds
General fund 297,117 89,261 (336,674) 280,098 329,802
Tota I funds E986,431 E1,100,029 E(1,007,681) E
-		 E1,078,779