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|||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|
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|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|
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|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|
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##
|||||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)|||||