| Page No | ||
|---|---|---|
| Trustees' Report Introduction |
1 | |
| Objectives and Activities Achievements and Performance |
1-3 3-9 |
|
| Financial Review |
9-10 | |
| Plans for the Future Structure, Governance Statement of Trustees' |
and Management Responsibilities |
11 11-14 15 |
| Independent Auditors' Report |
16-18 | |
| Statement of Financial Activities | 19 | |
| Balance Sheet | 20 | |
| Statement of Cashflaws | 21 | |
| Notes to the Financial Statements | 22-28 |
| Anatomical Society |
Natural Environment Research Council |
Natural Environment Research Council |
|---|---|---|
| Animal Free Research |
The Nutrition | Society |
| Arts and Humanities Research Council |
Queen Mary |
University of London |
| Babraham Institute |
Royal Academy ofEngineering | |
| Biotechnology and Biological Sciences Research |
Royal Society ofChemistry | |
| Council | ||
| Birkbeck, University of London |
Science and Technology Facilities |
|
| Council | ||
| British Heart Foundation | Society for Chemical Industry |
|
| Brunel University | Swansea University |
|
| Ceramysis | University College London |
|
| Durham University |
University of |
Birmingham |
| Economic and Social Research Council | University of |
Central Lancashire |
| Elizabeth Blackwell institute for Health Research |
University of |
East Anglia |
| Engineering and Physical Sciences Research 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 |
| Medica I Resea rch Council |
University of |
Strathclyde |
| Medical Resea rch Scotland | University of |
Surrey |
| National Physical laboratory |
University of |
York |
| r awarded and waiting for lockdown r |
estrictions to ease before commencing Fel |
|---|---|
| Alan Turing Institute | Royal Academy of Engineering |
| British Heart Foundation | Teesside University |
| Kidney Research UK Medical Research Council |
The University of Nottingham University of Roehampton |
| nnual or biennial basis and the Trust is delighted to be wo |
rking with them. They are: |
|
|---|---|---|
| Alan Turing Institute Biotechnology and Biological Sciences Research Council British Heart Foundation |
Medical Research Scotland Natural Environment Research Royal Academy ofEngineering |
Council |
| Durham University Economic and Social Research Council |
Royal Society ofChemistry Science and Technology |
Facilities |
| Council | ||
| Engineering and Physical Sciences Research Council Imperial College London John Innes Centre |
University ofLeicester University of Nottingham University ofOxford |
|
| Kidney Research UK Medical Research Council |
University ofSurrey University ofYork |
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| BALANCE | SHEET AS AT 30TH NOVEMBER 2021 | SHEET AS AT 30TH NOVEMBER 2021 | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Note | ||||||
| FIXEDASSETS Tangible assets |
10 | 1,757 | 2,105 | |||
| CURRENT ASSETS Debtors Cash at hand and in |
bank | 348,159 2,645,520 |
252,179 2,225,034 |
|||
| 2,993,679 | 2,477,213 | |||||
| CURRENT LIABILITIES | ||||||
| Creditors; Amounts one year |
falling | due within | 12 | 1,296,128 | 1,023,066 | |
| Net current assets | 1,697,551 | 1,454,147 | ||||
| NET ASSETS | E1,699,308 | E1,456,252 | ||||
| THE FUNDS OF THE CHARITY | ||||||
| Restricted funds | 16 | 1,111,637 | 1,004,922 | |||
| Unrestricted funds |
587,671 | 451,330 | ||||
| TOTAL CHARITY FUNDS | 16 | E1,699,308 | E1,456,252 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| CASH FLOWS FROM OPERATING | ||||||
| ACTIVITIES | ||||||
| Net cash used in/(provided by) in |
operating | |||||
| activities | 421,326 | 707,128 | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
| Bank Interest | 159 | 3,381 | ||||
| Purchase ofTangible Fixed Assets |
(999) | (2,936) | ||||
| Net cash provided by investment |
activities | (840) | 445 | |||
| CHANGE IN CASH AND CASH EQUIVALENTS |
||||||
| IN THE FINANCIAL YEAR | 420,486 | 707,573 | ||||
| Cash and Cash Equivalents at the |
beginning | |||||
| ofthe financial year | 2,225,034 | 1,517,461 | ||||
| Cash and Cash Equivalents at the |
end | |||||
| ofthe financial year | E2,645,520 | E2,225,034 | ||||
| NOTES TO THE STATEMENT OF | 2021 | 2020 | ||||
| CASH FLOWS | E | E | ||||
| A) Reconciliation of Net Expenditure |
to Net Cash Flow from | |||||
| Operating Activities |
||||||
| Net Income to Net Cash Flow | ||||||
| From Operating Activities |
||||||
| Net Income for the Financial | Year | 243,056 | 377,473 | |||
| Adjustments for — Depreciation |
1,347 | 1,031 | ||||
| Bank Interest received | (159) | (3,381) | ||||
| increase | in | Debtors | (95,980) | (118,405) | ||
| increase | in | Creditors | 273,062 | 450,410 | ||
| Net cash used in/(provided by) Operating |
Activities | f421,326 | E707,128 | |||
| B) Analysis ofCash and Cash Equivalent |
||||||
| Bank Current Accounts | 1,695,520 | 1,275,034 | ||||
| Bank Deposit Accounts | 950,000 | 950,000 | ||||
| 2,645,520 | E2,225,034 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds f |
Funds f |
Funds f |
Funds f |
|||
| 2. | GRANTS AND DONATIONS | |||||
| Donations Grants |
122,285 | 1,475,822 | 122,285 1,475,822 |
87,475 1,297,564 |
||
| f122,285 | f1,475,822 | f1,598,107 | f1,385,039 | |||
| 3. | INVESTMENT INCOME | |||||
| Bank interest | f159 | f | f159 | f3,381 | ||
| 4. | RESOURCES EXPENDED ON | |||||
| CHARITABLE ACTIVITIES | ||||||
| Grants payable —Fellowship Support costs (see note 5) |
Payments | 12,331 325,595 |
1,017,284 | 1,029,615 325,595 |
698,630 312317 |
|
| f337,926 | f1,017,284 | f1,355,210 | f1,010,947 |
| FOR THE YEAR ENDED 30TH NOVEMBER | FOR THE YEAR ENDED 30TH NOVEMBER | FOR THE YEAR ENDED 30TH NOVEMBER | 2021 | ||||
|---|---|---|---|---|---|---|---|
| (Continued) | |||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| E | f | f | f | ||||
| 5. | SUPPORT COSTS | ||||||
| Administrative support |
252,278 | 252,278 | 245,498 | ||||
| Rent, light and heat | 20,000 | 20,000 | 20,000 | ||||
| Bank charges | 266 | 266 | 302 | ||||
| Telephone | 2,144 | 2,144 | 991 | ||||
| Printing, postage and stationery |
3,744 | 3,744 | 4,631 | ||||
| Depreciation | 1,347 | 1,347 | 1,031 | ||||
| Insurance | 1,524 | 1,524 | 1,520 | ||||
| Legal and professional fees | 5,550 | 5,550 | 4,123 | ||||
| Trust development | 6,492 | 6,492 | 11,889 | ||||
| Meetings and expenses |
6,626 | 6,626 | 6,129 | ||||
| Subscriptions and publicity |
1,962 | 1,962 | 1,725 | ||||
| Website costs | 666 | 666 | 1,098 | ||||
| Staff training | 4,899 | 4,899 | 608 | ||||
| Sundry expenditure | 3,759 | 3,759 | 3,896 | ||||
| Daphne Jackson Trust Conference | |||||||
| Auditors' remuneration |
—Audit | 6,864 | 6,864 | 6,600 | |||
| Trustees and Committee | |||||||
| Members costs | 7,474 | 7,474 | 2,276 | ||||
| E325,595 | E | — | E325,595 | f312,317 | |||
| 6. | NET INCOME | ||||||
| IS STATED AFTER CHARGING | |||||||
| Auditors' remuneration |
—Audit | 6,864 | 6,864 | 6,600 | |||
| Depreciation | 1,347 | 1,347 | 1,031 |
| to the charity amount | ed to E |
76,344 (20 | 20:f75,216). | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Total Funds | Total Funds | |||||||
| f | E | |||||||
| Gross wages Employer's national Pension contributions |
insurance | costs | 231,232 14,397 6,649 |
224,931 13,852 6,715 |
||||
| f252,278 | f245,498 | |||||||
| 2021 | 2020 | |||||||
| The average number | ofemployees, | No. | FTE | No. | FTE | |||
| analysed by function |
was: | |||||||
| Administration ofcharitable |
activities | 12 | 7 | 12 | 7 |
| one o were reimbursed expenses totalling |
f256 (20 |
20:E1,086) during th | e period under revie | w. |
|---|---|---|---|---|
| FIXED ASSETS | Computer Equipment E |
Office Equipment f |
Totalf | |
| Cost At 1st December 2020 Additions |
13,937 999 |
1,735 | 15,672 999 |
|
| At 30th November 2021 | 14,936 | 1,735 | 16,671 | |
| Accumulated Depreciation At 1st December 2020 Charge for the year |
11,972 1.312 |
1,595 35 |
13,567 1,347 |
|
| At 30th November 2021 | 13,284 | 1,630 | 14,914 | |
| Net book value at 30th November | 2021 | E1,652 | f105 | E1,757 |
| Net book value at 30th November | 2020 | E1,965 | E140 | E2,105 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Total Funds | Total Funds | |||
| f | f | |||
| 11. | DEBTORS | |||
| Debtors —Amounts | due from Sponsors | 329,672 | 247,803 | |
| Other debtors | 3,045 | |||
| Prepayments | 15,442 | 4,376 | ||
| f348,159 | f252,179 | |||
| 12. | CREDITORS | |||
| Trade creditors | 143,112 | 144,745 | ||
| Grants payable —Fellowships | 269,695 | 146,663 | ||
| Accruals | 10,634 | 6,600 | ||
| Deferred income | 723,274 | 642,020 | ||
| Other taxes and social security | ||||
| Other creditors | 149,413 | 83,038 | ||
| f1,296,128 | f1,023,066 |
| 2021 | Total funds brought forward |
Total Income |
Total Expenditure |
Transfers between funds |
Total funds carried forward |
||||
|---|---|---|---|---|---|---|---|---|---|
| Restricted funds Grants payable to |
1,004,922 | 1,475,822 | (1,017,284) | (351,823) | 1,111,637 | ||||
| Fellows | |||||||||
| Unrestricted General fund |
funds | 451,330 | 122,444 | (337,926) | 351,823 | 587,671 | |||
| Total funds | E1,456,252 | E1,598,266 | f(1,355,210) | E | — | f1,699,308 | |||
| 2020 | Total funds brought forward |
Total Income |
Total Expenditure |
Transfers between funds |
Total funds carried forward |
||||
| E | E | E | E | ||||||
| Restricted funds Grants payable to |
748,977 | 1,297,564 | (695,062) | (346,557) | 1,004,922 | ||||
| Fellows | |||||||||
| Unrestricted General fund |
funds | 329,802 | 90,856 | (315,885) | 346557 | 451,330 | |||
| Total funds | E1,078,779 | E1,388,420 | E(1,010,947) | E | - | E1,456,252 | |||
| Restricted funds are held in order to fund Fellowships. | |||||||||
| 17. | ANALYSIS OF | TRANSFERS BETWEEN FUNDS | Unrestricted Restricted |
Total | |||||
| Funds | Funds | E | |||||||
| E | E | ||||||||
| Fellowship | Support Costs transferred | 351,823 (351,823) |
|||||||
| E351,823 E(351,823) |