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2021-12-31-accounts

Strategic Report
Trustees' Report		2to8
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report	10
Statement ofFinancial	Activities
Balance Sheet		12
Notes to the Financial Statements		13to20

Structure,	governance	governance	governance	and management	and management
Reference	and Administrative				Details
Trustees					Mr S I Horthy
					Mr M Ridwan
					Monsieur XGuerrand-Hermes
					A Asseily
					Professor P Brodeur
					Mrs IA Horthy
Secretary					Mr S I Horthy
Principal	ONce				199Preston Road
					Brighton
					BN1 6AW
					The charity is incorporated		in England	and Wales.
Company	Registration			Number	05002640
Charity Registration			Number		1134575
Independent		Examiner			Chisnall Comer Ismail	&Co
					Chartered Accountants	&	Registered	Auditors
					Maria House
					35Millers Road
					Brighton
					BN1 5NP
Financial	instruments
Objectives		and policies

		Recognised	Gains and Losses	)
				Unrestricted	Total
			Note	fundsf	2021f
Income and Endowments		from:
Donations and legacies				104,443	104,443
Investment income				11
Total Income				0472	1210 7
Expenditure on:
Support costs				(65,359)	(65,359)
Charitable activities				(2S0,538)	(2S0,538)
Other expenditure
Total Expenditure
Net income
Net movement in funds				828,516	828,516
Reconciliation of	funds
Total funds brought	forward
Total funds carried	forward		18
				Unrestricted	Total
				fundsf	2020f
			Note
Income and Endowments		from:
Donations and legacies				10,334		10,334
Investment income				1 136 07	1 136007
Total Income					1 1	341
Expenditure on:
Support costs				(57,550)	(57,550)
Charitable activities				(212,219)	(212,219)
Other expenditure						428
Total Expenditure						197
Net income				840 144
Net movement in funds				840,144	&40,144
Reconciliation of	funds
Total funds brought	forward			8424 854	8	24854
Total funds carried	forward		18

				2021	2020
			Note
Fixed assets
Tangible assets			12	591,877
Investments			13	9064835	8308744
				9656712	8308744
Current assets
Debtors			14	356,723	393,427
Cash at bank	and in hand			327967	573757
				684,690	967,184
Creditors: Amounts		falling due within one year	15	3792	10930
Net current	assets			680898	956254
Total assets	less current liabilities			10,337,610	9,264,998
Creditors: Amounts		falling due after more than one year	16	244 095
Net assets
Funds	ofthe charity:
Unrestricted	income funds
Unrestricted	funds			10093 514	9264998
Total funds			18

4 Investment income
		Unrestricted
		funds
			Total	Total
		General	2021	2020
Market value adjustment	for listed investment		&R	~47 323
Gain on disposal oflisted	investment

			Unrestricted
			funds
				Total	Total
			General	2021	2020
		Note
Grant funding	ofactivities		143,646	143,646	109,822
Research staff costs			102,652	102,652	74,403
Research activities			5,272	5,272	4,022
project travel	&meetings		9,297	9,297	8,386
Research travel and meetings			13,540	13,540	11,762
Governance	costs		1	1ff111

6 Other exp	enditure
				Unrestricted
				funds
					Total	Total
				General	2021	2020
			Note
Insurance				2,505	2,505	2,726
Repairs and renewals				15,151	15,151	10,602
Computer costs				3,236	3,236	7,497
Sundry expenses				2,216	2,216	6,014
Cleaning				1,964	1,964	3,035
PR (literature	and brochures)			626	626	478
Meeting costs				335	335	3,882
Legal and professional		fees			26	2 194

7Analysis o Governance	fgovernance and support costs costs
		Unrestricted
		funds
		General f	Total 2021f		Total 2020f
Independent	examiner fees
Examination	ofthe financial statements	3,537	3,537
Other governance costs		12594	12	594
Support Costs
		Unrestricted
		funds
		General f	Total 2021f		Total 2020f
Wages and salaries		39,847	39,847		36,038
Staff pensions		9,078		9,078	8,906
Rates		7,084		7,084	4,464
Light, heat and power		3,294		3,294	2,762
General maintenance		1,023		1,023	1,172
Telephone		3,489		3,489	3,765
Printing, postage and stationery		610		610	443
Other interest	payable	78		78
Depreciation	offixtures and fittings	856		856

Examination	ofthe financial	statements
11 Taxation
The charity	is a registered	charity and is therefore exempt from taxation.

12 Tangible fixed assets
	Land and		Furniture	and
	buildings f		equipment f		Totalf
Cost
At 1 January 2021				1,211	1,211
Additions	58	9		5414	592 733
At 3'I December 2021
Depreciation
At 1 January 2021				1,211	1.211
Charge for the year					856
At 31 December 2021
Net book value
At 31 December 2021
At 31December 2020

Other investments
		Unlisted
		Investments	Total
Cost orValuation
At 1 January 2021		8,308,744	8,308,744
Revaluation		819,589	819,589
Disposals		~5&RQ	498
At 31December 2021
Net book value
At 31December 2021
At 31 December 2020
14 Debtors
		2021	2020
			K
Trade debtors		1,440	1,440
Other debtors			391987
15Creditors: amounts	falling due within one year
		2021	2020
Other taxation and social	security		7,643
Other creditors			191
Accruals			3096
16 Creditors: amounts	falling due after one year
			2021
			K

18Funds	18Funds
		Balance	at 1	Incoming	Resources	Balance at 31
		January f	2021	resources f	Expended f	December 2021 f
Unrestricted		funds
General
		Balance	at 1	Incoming	Resources	Balance at 31
		January f	2020	resources f	Expended f	December 2020 f
Unrestricted		funds
General
19Analysis		ofnet assets between funds
					Unrestricted funds	Total fund f
					General f
Tangible	fixed assets				591,877	591,877
Fixed asset investments					9,064,835	9,064,835
Current	assets				684,690	684,690
Current	liabilities				(3,792)	(3,792)
Creditors over 1year					244	2
Total net assets
20Analysis		ofnet funds
				At 1 January
				2021f	Cash flow	Balance at 31December
						2021f
Cash at	bank and in hand			573,757	(245,790)	327,S67
Net debt