| Page | ||
|---|---|---|
| Legal and Administrative Information |
||
| Trustees' Annual Report |
||
| Independent Auditor's |
Report to the Members | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 10 |
| Registered | Registered | Charity | Name | Name | The Sydney Driscoll Neuro-Science | The Sydney Driscoll Neuro-Science | Foundation |
|---|---|---|---|---|---|---|---|
| Charity Registration | Number | 1129367 | |||||
| Company | Registration | Number | 06606603 | ||||
| Trustees/Directors | JA Ferguson | ||||||
| N Gurusinghe | |||||||
| J Winnard | |||||||
| N D Park | |||||||
| JEccles | |||||||
| Registered | Office | 7Winckley | Square | ||||
| Preston | |||||||
| PR1 3JD | |||||||
| Secretary | Mr John Andrew Ferguson | ||||||
| Statutory | Auditor | MHA Moore and Smalley | |||||
| Chartered | Accountants | ||||||
| Richard House | |||||||
| 9Winckley | Square | ||||||
| Preston | |||||||
| PR1 3HP | |||||||
| Solicitors | Napthens | ||||||
| 7Winckley | Square | ||||||
| Preston | |||||||
| PR1 3JD |
| FOR THE YEAR ENDED 5 | APRIL 2023 | |||
|---|---|---|---|---|
| Totalfunds | Total funds | |||
| for the year | for the year | |||
| ended | ended | |||
| 5April | 5 April | |||
| Note | 2023f | 2022 5 |
||
| Income from: | ||||
| Donations and legacies Investment income |
1,184 25,363 33 |
434 24,218 8 |
||
| Other income | ||||
| Total incoming resources | 26,580 | 24,660 | ||
| Expenditure on: |
||||
| Raising funds Charitable activities |
5,588 60,836 |
5,822 44,511 |
||
| Total resources expended | 66,424 | 50,333 | ||
| Net income/(expenditure) | before investments | (39,844) | (25,673) | |
| Net gains / (losses) on investments |
(38,643) | 41,467 | ||
| Net income/(expenditure) | (78,487) | 15,794 | ||
| Reconciliation offunds |
||||
| Balance brought forward at 6 April 2022 |
846,342 | 830,548 | ||
| Balance carried forward at 5April 2023 | 767,855 | 846,342 |
| Incoming resou | rc | es | ||||
|---|---|---|---|---|---|---|
| Year ended | Year ended | |||||
| 5April | 5April | |||||
| 2023 | 2022 | |||||
| 6 | f | |||||
| Donations and | legacies | |||||
| Donations | 1,184 | 434 | ||||
| investmentincome | ||||||
| M 8 G Investments | Charifund | 10,438 | 10,842 | |||
| CCLA Investments | COIF | 104 | 40 | |||
| Blackrock Asset | Management | Charinco | 10,203 | 9,730 | ||
| Glaxosmithkline | Ordinary | shares | 987 | |||
| Brunner Investment |
Trust | 1,075 | 1,008 | |||
| F&C Investment | Trust | 777 | 522 | |||
| BBHealthcare Trust |
1,656 | 799 | ||||
| Scottish Mortgage | Trust | 142 | 61 | |||
| Schroeder Asian | return | 850 | ||||
| Johnson and Johnson |
118 | |||||
| BP Ordinary shares |
37 | |||||
| BMO Commercial | Property | Trust | 192 | |||
| 25,363 | 24,218 | |||||
| Otherincome | ||||||
| Bank interest | 33 | |||||
| 26,580 | 24,660 |
| Resources expended | |||||
|---|---|---|---|---|---|
| Year ended | Year ended | ||||
| 5 April | 5April | ||||
| 2023 | 2022 | ||||
| 6 | K | ||||
| Charitable activities |
|||||
| Direct costs | |||||
| Project funding | 47,819 | 29,717 | |||
| Library services | 4,387 | 4,365 | |||
| Lecture fees and expenses | 1,542 | ||||
| 52,206 | 35,624 | ||||
| Support costs | |||||
| Insurance | 472 | 1,027 | |||
| Accounting and administration |
fees | 3,521 | 5,138 | ||
| Bank charges | 42 | 20 | |||
| Sundry expenses | 1,595 | 77 | |||
| Admin Fee | 576 | ||||
| Governance -Auditor's |
remuneration | (inclusive ofVAT) | 3,000 | 2,049 | |
| 8,630 | 8,887 | ||||
| Total charitable activities | 60,836 | 44,511 | |||
| Cost ofnrising funds | |||||
| Investment management |
charges | 5,588 | 5,822 | ||
| 66,424 | 50,333 |
| 5 | Investments | Investments | Investments | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Market | Additions | Sales | Change | in | Market | Cost at | ||||
| value at | proceeds | value | value at | 5 April | ||||||
| 6 April | 5April | 2023 | ||||||||
| 2022f | 2023 F |
|||||||||
| M &G Investments | ||||||||||
| Charifund | 197,370 | (41,234) | (10,259) | 145,877 | 95,484 | |||||
| Blackrock | Asset | |||||||||
| Management | 309,302 | (25,107) | 62 | 284,257 | 116,239 | |||||
| Charinco | ||||||||||
| CCLA investments | ||||||||||
| COIF Charities | 51,730 | (51,827) | 109 | 12 | 12 | |||||
| BMO Commercial | ||||||||||
| Johnson 2.45% |
& Jonson corporate |
49,998 | (1,013) | 48,985 | 49,998 | |||||
| bond | ||||||||||
| B runner | Investment | 52,500 | 52,500 | 50,113 | ||||||
| Trust | ||||||||||
| F&C | Investment | 50,286 | 1,276 | 51,563 | 50,065 | |||||
| Trust | ||||||||||
| Bellevue | 50,350 | (10,335) | 40,015 | 50,649 | ||||||
| Healthcare | Trust | |||||||||
| Scottish | Mortgage | 41,280 | (15,576) | 25,704 | 49,663 | |||||
| Trust | ||||||||||
| Schroder | Asian Pic | 45,500 | (2,800) | 42,700 | 49,949 | |||||
| BPOrdinary Share |
||||||||||
| 798,318 | 49,998 | (118,168) | (38,536) | 691,613 | 512,172 |
| Year | ended | Year ended |
|---|---|---|
| 5April | 5April | |
| 2023 | 2022 | |
| 6 | 5 | |
| 2,520 | 6,793 |
| Financia | l instruments |
|||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | 6 | |||
| Carrying | amount offinancial | assets | ||
| Measured | at fair value through | net income/expenditure | 691,613 | 798,318 |
| Page | ||
|---|---|---|
| Legal and Administrative Information |
||
| Trustees' Annual Report |
||
| Independent Auditor's |
Report to the Members | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 10 |
| Registered | Registered | Charity | Name | Name | The Sydney Driscoll Neuro-Science | The Sydney Driscoll Neuro-Science | Foundation |
|---|---|---|---|---|---|---|---|
| Charity Registration | Number | 1129367 | |||||
| Company | Registration | Number | 06606603 | ||||
| Trustees/Directors | JA Ferguson | ||||||
| N Gurusinghe | |||||||
| J Winnard | |||||||
| N D Park | |||||||
| JEccles | |||||||
| Registered | Office | 7Winckley | Square | ||||
| Preston | |||||||
| PR1 3JD | |||||||
| Secretary | Mr John Andrew Ferguson | ||||||
| Statutory | Auditor | MHA Moore and Smalley | |||||
| Chartered | Accountants | ||||||
| Richard House | |||||||
| 9Winckley | Square | ||||||
| Preston | |||||||
| PR1 3HP | |||||||
| Solicitors | Napthens | ||||||
| 7Winckley | Square | ||||||
| Preston | |||||||
| PR1 3JD |
| FOR THE YEAR ENDED 5 | APRIL 2023 | |||
|---|---|---|---|---|
| Totalfunds | Total funds | |||
| for the year | for the year | |||
| ended | ended | |||
| 5April | 5 April | |||
| Note | 2023f | 2022 5 |
||
| Income from: | ||||
| Donations and legacies Investment income |
1,184 25,363 33 |
434 24,218 8 |
||
| Other income | ||||
| Total incoming resources | 26,580 | 24,660 | ||
| Expenditure on: |
||||
| Raising funds Charitable activities |
5,588 60,836 |
5,822 44,511 |
||
| Total resources expended | 66,424 | 50,333 | ||
| Net income/(expenditure) | before investments | (39,844) | (25,673) | |
| Net gains / (losses) on investments |
(38,643) | 41,467 | ||
| Net income/(expenditure) | (78,487) | 15,794 | ||
| Reconciliation offunds |
||||
| Balance brought forward at 6 April 2022 |
846,342 | 830,548 | ||
| Balance carried forward at 5April 2023 | 767,855 | 846,342 |
| Incoming resou | rc | es | ||||
|---|---|---|---|---|---|---|
| Year ended | Year ended | |||||
| 5April | 5April | |||||
| 2023 | 2022 | |||||
| 6 | f | |||||
| Donations and | legacies | |||||
| Donations | 1,184 | 434 | ||||
| investmentincome | ||||||
| M 8 G Investments | Charifund | 10,438 | 10,842 | |||
| CCLA Investments | COIF | 104 | 40 | |||
| Blackrock Asset | Management | Charinco | 10,203 | 9,730 | ||
| Glaxosmithkline | Ordinary | shares | 987 | |||
| Brunner Investment |
Trust | 1,075 | 1,008 | |||
| F&C Investment | Trust | 777 | 522 | |||
| BBHealthcare Trust |
1,656 | 799 | ||||
| Scottish Mortgage | Trust | 142 | 61 | |||
| Schroeder Asian | return | 850 | ||||
| Johnson and Johnson |
118 | |||||
| BP Ordinary shares |
37 | |||||
| BMO Commercial | Property | Trust | 192 | |||
| 25,363 | 24,218 | |||||
| Otherincome | ||||||
| Bank interest | 33 | |||||
| 26,580 | 24,660 |
| Resources expended | |||||
|---|---|---|---|---|---|
| Year ended | Year ended | ||||
| 5 April | 5April | ||||
| 2023 | 2022 | ||||
| 6 | K | ||||
| Charitable activities |
|||||
| Direct costs | |||||
| Project funding | 47,819 | 29,717 | |||
| Library services | 4,387 | 4,365 | |||
| Lecture fees and expenses | 1,542 | ||||
| 52,206 | 35,624 | ||||
| Support costs | |||||
| Insurance | 472 | 1,027 | |||
| Accounting and administration |
fees | 3,521 | 5,138 | ||
| Bank charges | 42 | 20 | |||
| Sundry expenses | 1,595 | 77 | |||
| Admin Fee | 576 | ||||
| Governance -Auditor's |
remuneration | (inclusive ofVAT) | 3,000 | 2,049 | |
| 8,630 | 8,887 | ||||
| Total charitable activities | 60,836 | 44,511 | |||
| Cost ofnrising funds | |||||
| Investment management |
charges | 5,588 | 5,822 | ||
| 66,424 | 50,333 |
| 5 | Investments | Investments | Investments | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Market | Additions | Sales | Change | in | Market | Cost at | ||||
| value at | proceeds | value | value at | 5 April | ||||||
| 6 April | 5April | 2023 | ||||||||
| 2022f | 2023 F |
|||||||||
| M &G Investments | ||||||||||
| Charifund | 197,370 | (41,234) | (10,259) | 145,877 | 95,484 | |||||
| Blackrock | Asset | |||||||||
| Management | 309,302 | (25,107) | 62 | 284,257 | 116,239 | |||||
| Charinco | ||||||||||
| CCLA investments | ||||||||||
| COIF Charities | 51,730 | (51,827) | 109 | 12 | 12 | |||||
| BMO Commercial | ||||||||||
| Johnson 2.45% |
& Jonson corporate |
49,998 | (1,013) | 48,985 | 49,998 | |||||
| bond | ||||||||||
| B runner | Investment | 52,500 | 52,500 | 50,113 | ||||||
| Trust | ||||||||||
| F&C | Investment | 50,286 | 1,276 | 51,563 | 50,065 | |||||
| Trust | ||||||||||
| Bellevue | 50,350 | (10,335) | 40,015 | 50,649 | ||||||
| Healthcare | Trust | |||||||||
| Scottish | Mortgage | 41,280 | (15,576) | 25,704 | 49,663 | |||||
| Trust | ||||||||||
| Schroder | Asian Pic | 45,500 | (2,800) | 42,700 | 49,949 | |||||
| BPOrdinary Share |
||||||||||
| 798,318 | 49,998 | (118,168) | (38,536) | 691,613 | 512,172 |
| Year | ended | Year ended |
|---|---|---|
| 5April | 5April | |
| 2023 | 2022 | |
| 6 | 5 | |
| 2,520 | 6,793 |
| Financia | l instruments |
|||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | 6 | |||
| Carrying | amount offinancial | assets | ||
| Measured | at fair value through | net income/expenditure | 691,613 | 798,318 |
| Page | ||
|---|---|---|
| Legal and Administrative Information |
||
| Trustees' Annual Report |
||
| Independent Auditor's |
Report to the Members | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 10 |
| Registered | Registered | Charity | Name | Name | The Sydney Driscoll Neuro-Science | The Sydney Driscoll Neuro-Science | Foundation |
|---|---|---|---|---|---|---|---|
| Charity Registration | Number | 1129367 | |||||
| Company | Registration | Number | 06606603 | ||||
| Trustees/Directors | JA Ferguson | ||||||
| N Gurusinghe | |||||||
| J Winnard | |||||||
| N D Park | |||||||
| JEccles | |||||||
| Registered | Office | 7Winckley | Square | ||||
| Preston | |||||||
| PR1 3JD | |||||||
| Secretary | Mr John Andrew Ferguson | ||||||
| Statutory | Auditor | MHA Moore and Smalley | |||||
| Chartered | Accountants | ||||||
| Richard House | |||||||
| 9Winckley | Square | ||||||
| Preston | |||||||
| PR1 3HP | |||||||
| Solicitors | Napthens | ||||||
| 7Winckley | Square | ||||||
| Preston | |||||||
| PR1 3JD |
| FOR THE YEAR ENDED 5 | APRIL 2023 | |||
|---|---|---|---|---|
| Totalfunds | Total funds | |||
| for the year | for the year | |||
| ended | ended | |||
| 5April | 5 April | |||
| Note | 2023f | 2022 5 |
||
| Income from: | ||||
| Donations and legacies Investment income |
1,184 25,363 33 |
434 24,218 8 |
||
| Other income | ||||
| Total incoming resources | 26,580 | 24,660 | ||
| Expenditure on: |
||||
| Raising funds Charitable activities |
5,588 60,836 |
5,822 44,511 |
||
| Total resources expended | 66,424 | 50,333 | ||
| Net income/(expenditure) | before investments | (39,844) | (25,673) | |
| Net gains / (losses) on investments |
(38,643) | 41,467 | ||
| Net income/(expenditure) | (78,487) | 15,794 | ||
| Reconciliation offunds |
||||
| Balance brought forward at 6 April 2022 |
846,342 | 830,548 | ||
| Balance carried forward at 5April 2023 | 767,855 | 846,342 |
| Incoming resou | rc | es | ||||
|---|---|---|---|---|---|---|
| Year ended | Year ended | |||||
| 5April | 5April | |||||
| 2023 | 2022 | |||||
| 6 | f | |||||
| Donations and | legacies | |||||
| Donations | 1,184 | 434 | ||||
| investmentincome | ||||||
| M 8 G Investments | Charifund | 10,438 | 10,842 | |||
| CCLA Investments | COIF | 104 | 40 | |||
| Blackrock Asset | Management | Charinco | 10,203 | 9,730 | ||
| Glaxosmithkline | Ordinary | shares | 987 | |||
| Brunner Investment |
Trust | 1,075 | 1,008 | |||
| F&C Investment | Trust | 777 | 522 | |||
| BBHealthcare Trust |
1,656 | 799 | ||||
| Scottish Mortgage | Trust | 142 | 61 | |||
| Schroeder Asian | return | 850 | ||||
| Johnson and Johnson |
118 | |||||
| BP Ordinary shares |
37 | |||||
| BMO Commercial | Property | Trust | 192 | |||
| 25,363 | 24,218 | |||||
| Otherincome | ||||||
| Bank interest | 33 | |||||
| 26,580 | 24,660 |
| Resources expended | |||||
|---|---|---|---|---|---|
| Year ended | Year ended | ||||
| 5 April | 5April | ||||
| 2023 | 2022 | ||||
| 6 | K | ||||
| Charitable activities |
|||||
| Direct costs | |||||
| Project funding | 47,819 | 29,717 | |||
| Library services | 4,387 | 4,365 | |||
| Lecture fees and expenses | 1,542 | ||||
| 52,206 | 35,624 | ||||
| Support costs | |||||
| Insurance | 472 | 1,027 | |||
| Accounting and administration |
fees | 3,521 | 5,138 | ||
| Bank charges | 42 | 20 | |||
| Sundry expenses | 1,595 | 77 | |||
| Admin Fee | 576 | ||||
| Governance -Auditor's |
remuneration | (inclusive ofVAT) | 3,000 | 2,049 | |
| 8,630 | 8,887 | ||||
| Total charitable activities | 60,836 | 44,511 | |||
| Cost ofnrising funds | |||||
| Investment management |
charges | 5,588 | 5,822 | ||
| 66,424 | 50,333 |
| 5 | Investments | Investments | Investments | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Market | Additions | Sales | Change | in | Market | Cost at | ||||
| value at | proceeds | value | value at | 5 April | ||||||
| 6 April | 5April | 2023 | ||||||||
| 2022f | 2023 F |
|||||||||
| M &G Investments | ||||||||||
| Charifund | 197,370 | (41,234) | (10,259) | 145,877 | 95,484 | |||||
| Blackrock | Asset | |||||||||
| Management | 309,302 | (25,107) | 62 | 284,257 | 116,239 | |||||
| Charinco | ||||||||||
| CCLA investments | ||||||||||
| COIF Charities | 51,730 | (51,827) | 109 | 12 | 12 | |||||
| BMO Commercial | ||||||||||
| Johnson 2.45% |
& Jonson corporate |
49,998 | (1,013) | 48,985 | 49,998 | |||||
| bond | ||||||||||
| B runner | Investment | 52,500 | 52,500 | 50,113 | ||||||
| Trust | ||||||||||
| F&C | Investment | 50,286 | 1,276 | 51,563 | 50,065 | |||||
| Trust | ||||||||||
| Bellevue | 50,350 | (10,335) | 40,015 | 50,649 | ||||||
| Healthcare | Trust | |||||||||
| Scottish | Mortgage | 41,280 | (15,576) | 25,704 | 49,663 | |||||
| Trust | ||||||||||
| Schroder | Asian Pic | 45,500 | (2,800) | 42,700 | 49,949 | |||||
| BPOrdinary Share |
||||||||||
| 798,318 | 49,998 | (118,168) | (38,536) | 691,613 | 512,172 |
| Year | ended | Year ended |
|---|---|---|
| 5April | 5April | |
| 2023 | 2022 | |
| 6 | 5 | |
| 2,520 | 6,793 |
| Financia | l instruments |
|||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | 6 | |||
| Carrying | amount offinancial | assets | ||
| Measured | at fair value through | net income/expenditure | 691,613 | 798,318 |