| Financial Statements | Financial Statements | For the Year Ended | 31 December 2021 |
|---|---|---|---|
| Contents | Page | ||
| Legal and Administrative | Information | ||
| Report ofthe Trustees | 3-6 | ||
| Report ofthe independent | Examiner | ||
| Statement of Financial Activities | |||
| Balance Sheet | |||
| Notes forming part ofthe |
financial statements | 10 - 13 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| UNRESTRICTED | UNRESTRICTED | ||||
| FUNDS | FUNDS f |
||||
| NOTES | |||||
| INCOME | |||||
| INCOME FROM | |||||
| GENERATED FUNDS: | |||||
| INVESTMENT INCOME: | |||||
| Bank Interest | 20 | 141 | |||
| Bank compensation | |||||
| INCOME FROM | |||||
| CHARITABLE ACTIVITIES: | (2) | ||||
| Research and Education | 85,260 | 43,243 | |||
| ToTAL INCOME | 85,280 | 43,384 | |||
| EXPENDITURE | |||||
| COSTS OF GENERATING | |||||
| FUNDS: | (3) | 459 | 1,727 | ||
| CHARITABLE ACTIVITIES | (3) | 51,302 | 31,392 | ||
| GOVERNANCE COSTS |
(3) | 1,488 | 1,902 | ||
| TOTAL EXPENDITURE | 53,249 | 35,021 | |||
| NET INCOME FOR | |||||
| THE YEAR | 32,031 | 8,363 | |||
| RECONCILIATION OF |
FUNDS | ||||
| Total funds brought | forward | 56,676 | 48,313 | ||
| TOTAL FUNDS CARRIED FORWARD | F | 88,707 | E 56,676 |
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| CURRENT AssETs | |||||
| Cash at Bank and in Hand | (4) | 88,842 | 57,014 | ||
| Debtors and | Prepayments | (5) | 640 | 1,687 | |
| 89,482 | 58,701 | ||||
| CURRENT LIABILITIES | |||||
| Creditors | (6) | (775) | (2,025) | ||
| Net Current | Assets | F | 88,707 | 56,676 | |
| CAPITAL AND | RESERVES | ||||
| Unrestricted | Funds - undesignated | F | 88,707 | 56,676 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | E | |||
| Taught Courses | ||||
| Space Policy and Law Course | 38,500 | 28,018 | ||
| Seminars | 1,000 | 600 | ||
| Visiting Researcher Fee | 300 | |||
| Research Project | 45,460 | 14,625 | ||
| E | 85,260 | f | 43,243 |
| TOTAL EXPENDITURE | |||||||
|---|---|---|---|---|---|---|---|
| RESEARCH | |||||||
| PROJECT & | 2021 | 2020 | |||||
| SEMINARS | PROMOTION | GOVERNANCE | TOTAL | TOTAL | |||
| UNRESTRICTED | f | f. | f | ||||
| COST DIRECTLY ALLOCATED | |||||||
| TO ACTIVITIES | |||||||
| Tutors, Speakers 8 Researchers | 44,000 | 44,000 | 23,208 | ||||
| Rooms 8 facilities | 125 | 125 | |||||
| Conference 8 meetings |
1,687 | 1,687 | 2,656 | ||||
| Travel | 513 | ||||||
| SUPPORT COSTS ALLOCATED | |||||||
| TO ACTIVITIES | |||||||
| Administration | 3,957 | 3,957 | 5,014 | ||||
| Postage & Office Expenses |
1,008 | 96 | 1,104 | 371 | |||
| Statutory 8 Compliance |
Fees | 48 | 48 | 48 | |||
| Professional Bodies Fees |
525 | 363 | 888 | 1,771 | |||
| Independent Examiner's |
Fees | 1,440 | 1,440 | 1,440 | |||
| TOTAL EXPENDITURE | f51,302 | f | 459 | f 1,488 | f 53,249 f 35,021 |
| DEBTORS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Debtors and prepayments | 640 | E | 1,687 | |
| CREDITORS —DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | |||
| Other creditors and accruals | F | 775 | F | 2 025 |