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2022-03-31-accounts
| Trustees: |
Professor Anton van der Merwe |
|
Professor A N Barclay, DPhil |
|
Dr Marion Brown |
|
Dr Eva Gluenz |
|
Professor Omer Dushek |
| Charity number |
1135590 |
| Principal address |
Sir William Dunn SchoolofPathology |
|
South Parks Road |
|
Oxford |
|
OX13RE |
| Auditor |
Critchleys Audit LLP |
|
Beaver House |
|
23-38 Hythe Bridge St |
|
Oxford |
|
OX12EP |
| Bankers |
CAF Bank Limited |
|
25 Kings Hill Ave |
|
Kings Hill |
|
West Maling |
|
ME19 4JQ |
| Solicitors |
Knights Solicitors |
|
Midland House |
|
West Way |
|
Oxford |
|
OX2 0PH |
| Investment advisors |
Oxford University Endowment Management |
|
27 Park End Street |
|
Oxford |
|
OX11HU |
|
Page |
| Trustees' report |
1 -2 |
| StatementofTrustees' responsibilities |
3 |
| Independent auditor's report |
4-7 |
| Statementoffinancial activities |
8 |
| Balance sheet |
9 |
| Statementofcash flows |
10 |
| Notes to the financial statements |
11- 17 |
28/10/2022
|
|
Unrestricted |
Unrestricted |
|
|
funds |
funds |
|
|
|
as restated |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| Income from: |
|
|
|
| Investments |
3 |
114,939 |
80,088 |
| Royalties |
4 |
489,575 |
412,426 |
|
|
|
-- |
| Total income |
|
604,514 |
492,514 |
|
|
|
-- |
| Expenditure on: |
|
|
|
| Charitable activities |
5 |
(1,855) |
130,529 |
| Net gains/(losses) on investments |
8 |
165,413 |
372,750 |
| Net movement in funds |
|
771,782 |
734,735 |
| Fund balances at 1 April 2021 |
|
2,934,215 |
2,199,480 |
| Fund balancesat31March 2022 |
|
3,705,997 |
2,934,215 |
|
|
|
|
as restated |
|
|
|
2022 |
|
2021 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Investments |
9 |
|
3,143,484 |
2,428,071 |
|
| Current assets |
|
|
|
|
|
| Debtors |
10 |
501,059 |
|
420,908 |
|
| Cash at bank andinhand |
|
211,151 |
|
275,231 |
|
|
|
-- |
|
-- |
|
|
|
712,210 |
|
696,139 |
|
| Creditors: amounts falling due within |
|
|
|
|
|
| one year |
11 |
(104,730) |
|
(101,712) |
|
| Net current assets |
|
|
607,480 |
594,427 |
|
| Total assets less current liabilities |
|
|
3,750,964 |
3,022,498 |
|
| Creditors: amounts falling due after |
|
|
|
|
|
| more than one year |
12 |
|
(44,967) |
(88,283) |
|
|
|
|
|
- |
|
| Net assets |
|
|
3,705,997 |
2,934,215 |
|
|
|
|
|
-- |
|
| Income funds |
|
|
|
|
|
| Unrestricted funds |
|
|
3,705,997 |
2,934,215 |
|
|
|
|
|
-- |
|
|
|
|
3,705,997 |
2,934,215 |
|
|
|
|
as restated |
|
|
2022 |
|
2021 |
|
| Notes |
£ |
£ |
£ |
£ |
| Cash flows from operating activities |
|
|
|
|
| Cash generated from operations |
|
370,981 |
413,265 |
|
| Investing activities |
|
|
|
|
| Purchaseofinvestments |
(550,000) |
|
(300,000) |
|
| Investment income received |
114,939 |
|
80,088 |
|
|
- |
|
|
|
| Net cash used in investing activities |
|
(435,061) |
(219,912) |
|
| Net cash used in financing activities |
|
|
|
|
| Net (decrease)/increase in cash and cash |
|
|
|
|
| equivalents |
|
(64,080) |
193,353 |
|
| Cash and cash equivalentsatbeginningofyear |
|
275,231 |
81,878 |
|
| Cash and cash equivalentsatendofyear |
|
211,151 |
275,231 |
|
|
Unrestricted |
Unrestricted |
|
funds |
funds |
|
2022 |
2021 |
|
£ |
£ |
| Income from investments |
113,728 |
80,075 |
| Interest receivable |
1,211 |
13 |
|
114,939 |
80,088 |
|
- |
|
|
Unrestricted |
Unrestricted |
|
funds |
funds |
|
|
asrestated |
|
2022 |
2021 |
|
£ |
£ |
| Royalties |
489,575 |
412,426 |
|
2022 |
2021 |
|
£ |
£ |
| Grants |
4,203 |
128,274 |
| Grant underspend |
(11,625) |
|
| Governance costs |
5,567 |
2,255 |
|
-- |
|
|
{1,855) |
130,529 |
|
2022 |
2021 |
|
Number |
Number |
| Total |
|
|
| There werenoemployees whose annual remuneration was more than £60,000. |
|
|
| Net gains/(losses)oninvestments |
|
|
|
Unrestricted |
Unrestricted |
|
funds |
funds |
|
2022 |
2021 |
|
£ |
£ |
| Revaluationofinvestments |
165,413 |
372,750 |
|
Investments |
|
£ |
| Cost or valuation |
|
| At 1 April 2021 |
2,428,071 |
| Additions |
550,000 |
| Valuation changes |
165,413 |
| At31March 2022 |
3,143,484 |
|
-- |
| Carrying amount |
|
| At31March 2022 |
3,143,484 |
| At31March 2021 |
2,428,071 |
| 10 |
Debtors |
|
|
|
|
|
as restated |
|
|
2022 |
2021 |
|
Amounts falling due within one year: |
£ |
£ |
|
Accrued investment income |
11,484 |
8,482 |
|
Accrued royalty income |
489,575 |
412,426 |
|
|
501,059 |
420,908 |
|
|
|
-- |
| 11 |
Creditors: amounts falling due within one year |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Grants payable |
99,930 |
100,392 |
|
Accruals and other creditors |
4,800 |
1,320 |
|
|
- |
|
|
|
104,730 |
101,712 |
|
|
|
-- |
| 12 |
Creditors: amounts falling due after more than one year |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Grants payable |
44,967 |
88,283 |
| No |
8/fwd2021 |
New 2021/22 AdjustmentsPaid2021/22 |
New 2021/22 AdjustmentsPaid2021/22 |
C/fwd 2022 |
| CIU04 |
51,401 |
(11,625) |
(32,153) |
7,623 |
| CIU07 |
5,000 |
|
|
5,000 |
| CIU08 |
132,274 |
|
|
132,274 |
|
188,675 |
(11,625) |
(32,153) |
144,897 |