**REGISTERED COMPANY NUMBER: 07248361 (England and Wales) REGISTERED CHARITY NUMBER: 1139057** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 January 2022 for Diabetes Care Trust (ABCD) Limited Diabetes Care Trust (ABCD) Limited Contents of the Financial Statements for the Year Ended 31 January 2022 |||Page|| |---|---|---|---| |Reference and Administrative Details||1|| |Report of the Trustees|2|to|4| |Independent Examiner's Report||5|| |Statement of Financial Activities||6|| |Balance Sheet||7|| |Notes to the Financial Statements|8|to|15| 018bète$ Core Tiusl ABCD Llmlle Referen orl rallvè D8 31Ja ua 2022 TRUSTEES DrR Gre￿ry Dr H J Albaii-Davles {r881gn8d 2116120221 Prolessof K K Dhalaiiy8 Dr R H Qr8enwood Ir8slgned 2316120211 Dr R Hlllson Dr A Mttcklln Ir8slgn8d 3117120211 DrDKNagl P R Norton Prolgs8or K M Shaw {r8slgned 211612022) Or C Walton . P H Wlnocour Dr S Ir881gned 31112r20211 A Sond8r8 Dr U Dashora Dr D Pa181 Prol V JayayDpal Dlr8Ctor lappoln18d 3117r20211 Dr H Pric8 Doclor18ppoin18d 111120221 COMPANY SECRETARY DrDKNa91 REGISTeRED OFFICE sterllng House 1 Sheepscar Court Mpanwood Road Leeds LS7 2BB REGISTERED COMPANY NUMBER 07248361 IEn¥and and Wales) REGISTERED CHARITY NUM8ER 1139057 INDEPENDENT EXAMINER H81n88 W8118 Chartered AcGauntan15 Slerllng House 1 Sfjeepscar C(wrt Meanwood Road Leeds We51 Yorkshlre LS7 2BB Pag& 1 Dlab es Cafe Trus BCD Llntlled orto htr T 81&8s lor the ear End8d 31 Janu8 22 The Iruslees ar8 also dlrectors of Ihe charfly for Ihe purposes ol tho Companle$ Aci 2006, present thelr report ￿th the flnancL418talernenls of the ¢hartty lor the ye8r ended 31 January 2022. Th8 trustee5 ha￿ adopted lh8 pro￿810￿8 ol Ac¢ounling and R8POrtlng by CharS118s'. Sta18menl of RecDFnmended Pratllce aprAIc8ble to chailties preparlng Ihelr accounls In 8ccordan¢e th& Flnanclal R8porbDg Siandaid &ppll¢ab18 In th8 UK ar￿ Republ￿ ol Ireland IFRS 1021 leff8cllve 1 January 20191. OBJECTIVES AND ACTIVITIES POLICIES AND OBJECTIVES Dlabele5 ca￿ Twst IABCDI Llmlted (￿TI was esl&bllsh8d In 2012 Ireplaclng tho 10 y8ar-old A8CD Charilat4e Trust) lo oversee and 8UPPOrt the work ol Ihs Assoclatlon ol Britlsh Clinlcal Dlabtrldoglsls Iolabetes Carel Llmlted Ih8ncèforth referred lo as ABCQI. whlch É8 responslble for dellverlng PTofesslonal edutallon and publlc awareness programmes as w611 as Init18ting and wJperv151ng cllnkal r88&arch 8nd a(Jdll sludles. The Staled oblecllve8 of DCT 8r8.to advance and encourago th8 educatlon and Iralnlng ol all rnedlc81 a7vJ other hoallh earo profe551onals Involv8d wllh the cwe of Ihose sufferfng frotn dtaLEtes,' lo adYaTr¢e the know18iSg8 of Ihe publ1¢ In all malters relaling lo dSabeies rnellitus and dlabeles ¢are. ACHIEVEMENT AND PERFORMANCE GOING CONCERN After maklng apprO￿ale gnqulrtes. the Irusl88s havo a reasonable @XP8CtatEon that the Company has ad8quale r8sourc88 lo continue on operallanal 8xlst8nc8 for thè lorestseab￿ lulyw. For thls reason Ihey ¢onllnue 10 8dopl the golng conc8rn b8sls In prepawlng thv nnanclal statements. FurthBr det811s rogardlng the adopllon of the uolng conc8m bgsls ean be lound In the A¢counlSng Pdlcle8. The Impact of the Cov4d-19 pandem1¢ on th8 DCT has beBn vpry Ilmltèd. Th8 ￿mMItt$• meollng and AGM h8V8 had lo be deferred wfrtuallÈed, bul there has olh8Ms6 be$n no slanSfi¢ant Smp8cI ￿ the Chaws aclfvlty. whi¢h largely conducted In a non lac8 to faco fashion outsldo ol th860 m88tlngs. INVESTMENT POLICY AND PERFORMANCE Dcl. Is lakino ongolng advlc8 8b(￿l 118 Inv8$tm•nl sltBlegy lor a PToporilon ol Its resgrvas In a cllmat8 of low Iniere61 ra18S. P8ge 2 D18b8tes CAr& Trusl oriofl for the rus ÈÉS 31 J8nU8 2022 ACHIEVEMENT AND PERFORMANce REVIEW OF ACTIVITIES The Islest Di8beles Core Trusl ac¢ounls 8r8 for ihe year endlng 31 Janugry 20218r8 Pf8S8nted here. Ml rn8lor funds are ￿ld In Unlly Twsl B&nk. A furthèr £75,56518 held wilhln Money. £200,000 from DCT 18 Inv88t ed swrately (From Febw8ry20171 wotih £ 269 668 0Tr 31112r2021. As of 31st of January 202 2 Ihe tharitable liust's net assets wer8 £1,61 0.246 compaT8d £t,544.645 al the sarnB Ilrne In Ihe prevlous year, an Increas8 01 £65,601 Of I￿se funds £523.1 79 Is held In reslrfcted funds le465.033 In 20211 and 1,07T,(*8 In unF881rict8d f4nds18 n Increase of £21,282). Income The assoclalkjn IABCD Ltdl provlded a dI￿￿end to th e cb.8rttable trust IDCTI In 2021 of £32,799 8nd Ihergby Ihere ha5 b8En an Increase In lh8 DCT dividend, ￿￿3110￿$ &18gacl8s Ilne from £4.523 10 £32,849 Th8r8 has been ￿ neBd ft)rthe ¢harllable Irust to conlribule dir￿( SUPPDrt tD ABCD Ltd In 2021 Qlher Income The ABCD audlt portfdlo gen6raled Iho fdlowlng movem8nt In reslrlcted fund8. held wlhin the DCT ￿coun1S as of 31101122 88maglulld8 audit £284,200 Ilotal 3111121 £230.7711 Llbro oudll £130,876 Iloial on 3111121 £122,984) Tostost8ron8 a￿dit £41.497 Ilolal on 3111121 £484281 Canagllflozin 8udll £44.847 (total on 3111121 £51,7961 Empagllflozin a￿111 £3,184llolal on 3111121 £3,7641 . COVID Dlab8tes Nalk)nal Audit £18,405ltotat on 3111121 £10.000 Nauonal Audll £573 Itolal on 3111r2121.0141 - Lli2gluUd8 Audll £22.5401iotsl on 3111121 £29,489) D8glud8c Aud51 £12.516 Ilolal on 3111121 £19,465) Omnipod Audit £18,883 Itotsl on 3111121 £NIII DCT ha8 a dlrect 9rant Hwardlng rol8, commlitlng to sUPPOrt 0.6WTE of a re888rth fellow I￿1h ABCD undertaklng the rundlng of lh6 olher 0.4WTÉ to support the other audI151. Tha agreed lundlng tot&ls 127,559 over 3 y8ars (£89,000 from DCT). Thgre Is also commllment to 8lJPPOrt awards of 2 annu819rants for a rnaxlmvm value of £50,00019rant. Expenses related lo Ihls acIl￿ty lolalled 5.030 in 2021 bulls expected lo incre888 subslanlially once oranls are drawn. Accountall¢yb banklng, Insurance and related axp8n58$ amounled to £6,537 for 2021. FINANCIAL REVIEW RESERVES POLICY The frus188s acc8Pt8d a change to tr￿ t&wrve8 wjllcy In NovembBr 2014. Group reseNe8 should n¢>w cover tha runnlng ¢0818 ol Ihe Association for on¥, r8lher than ￿ yaars. STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The charfty Gonlrolled by 51$ gov8rnlng docutnenl, a d£Bd of trust. and ￿n$t￿luteS a Ilmlled ¢ornpany. Ilmlled by guar8tttee, as deflned by th& Gompanlgs A¢t 2006. CONSTITUTION The wtDPafty Is rèuls18r8d 8S 8 charitable compony Ilmlled by guatanlee gnd was set up by a Momorandum ol Assoolatlon. The company Is conslllitled undBr a Memorandum of A880clatton and is reglslered numb8r charlty nurnber 1139057. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES Thg managtsmont of the company Is th8 r8sponslbllity of the Trustee$ who aro eleLaed and ¢￿0p(0d undér lh8 lerrn8 of lh8 Artides of As$odg110n. The trustees 8fe appotnled by Invlt8llon of (he Board and hay8 k) b8 conflrm8d each year at the AGM of the A8sociation. Paog 3 trfab8 es Caig Tru ort of the Trustees he Year Ended fo STRUCTURE, GOVERNANCE AND MANAGEMENT ORGANISATIONAL STRUCTURE AND DECISION MAKING The cornpany 18 lirnNEd by guarantee and IEgi51Ered as a charly under th• Charlll88 Act 1g93. It governod by tts MeM￿andum Arflrle5 of A650Glatlon 158ued on S May 2010. Th8 comp8ny &nloys ch8ri1ab18 Status for tsxallon purpo588. No tW8tee h85 any benefiBlaS Interest In the cknarltable comp8ny. IAI trust￿S are m9mb8rs of tho Company and guarenlee lo conlrfbut? a of £1 each In IhB ovenl ol o %￿ndIr0 up. The nurnber of gu8r8nleès at 31 January 2021 was fouwieenl. ABCD IDi8b8t88 Carel Llmited, 8 company Incorporal8d In England & Wabs, h the wholly ownBd 5ubsldlary of Dlab8tes Care Trust IABCD) Llmlled. The Iru8to8s. ol whl¢h al pie$8nl th8re ara fourtéén. provlde the strateg1¢ dlrecllon of Ihe charily. POLICIE8 ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES Any new Irust80s und8rfP an or1enlali￿ day lo br18f Ih8m on Ihèlr legal obllgallons under the Charlty and Company Law, Ihe conlenl ol Ihe Memorandum and Articl6s ol A8SOCi811on 8tKJ the proce58es on de¢151on maklng ￿thIn the organl$albn. The Charlly en¢ourage8 Iru8lee8 to attend. at Ihelr discrdon. appropriate external tfalnlng 8V8nts where the58 VAII bè of use for lh& undgrtaklng ol Ihe rolg. A IralnlThJ upd818 wll b8 h81d Imtnedlately before Ihe AG RISK MANAGEMENT The tru%lBps havè É rfsk manao8menl slrategythal Includ88'. 11 An annual r8vf8w of lh8 rf8k8 lh8 ch8rfty rn8y f8C•,' 11 The eslabllshmgnl ol $y8t8ms and procedures to rnilig&le those 155k Identlfied In Ihè plan; 411 The Implemenlallon of procedures d88ign8d to tninlfft15e any potgntl41 Itnpa¢t on the ¢hartty should malerlallse. th8y Flnanclal rlsk 18 ffllligated by frequent reports and Checks on Ihe charftls ftnan¢e pursued by th6 treasurer and reported lo tha Iruslees. Comp11ance with relevant laws 1$ dls¢ussed arsd procedwes Imp18m8n(od by thè Board ol trustee6. Th8 poNcles 01 rf5k rn8nagemant &r6 conllnuously revlewed to en8ur8 Ihoy slll m881 th8 needs Ihe charfty. ASSETS HELO ON BEHALF OF ANOTHER CHARITY There 8Te no assets held on behglf of another charlly. CONTROLLING PARTY There wa5 no Gontrolllng party 8& 8t th8 p&rri￿ end. Approved byordgr ol the board of trustees on 11 OctobBr 2Q22 and 51gned on Ils bohalf by., Prof V Jayayopal. Tru$le8 P8g8 4 6ndèn Examlnerfs R ete5 Care Tiust A8CD to Limited e Truste DI Indop&ndènt •xAminèr's roport to tho trustoès of Dlabatas Cara Trust IABCDI Llmlt•d I'thg CompanWI I report lo the charlly Iru$leo3 on my oxarnination ol tho accounts ol the Company lor the year ended 31 January 2022. Respon51bllllles and ba51s ol report As the charlly's trustees ol the Company land also its dlrectors for the purposes of company law) you are responsible for Ihg preparation of the accounts in accordance with th8 iequiremanls ol the Companies Ael 20061.lhe 2006 Acl'l. Having satisfied mysdl Ihal Iho accounts ol Ihg Company are not requlrfjd lo be audil¢d under Part 1fj of the 2006 Act 8nd afg dlgible lor Independonl ￿9M￿natIon, I ieporl In le$p￿1 of my ex8mln8llon of your charitys aG¢oun15 as carrlod out u￿ler section 145 of thè Charities Act 2011 I'th8 2011 A¢l'l. In carrying oul my examination I hava lollowed thè Dlreclions glven by thè Charlly Commission under seclion 145151 Ibl ol the 2011 Act. Indepgndent examiner's 5tatemenl I have completed my examination. I confirm Ihat no matters have come lo my attention in connection wllh tho ex8min81i¢xi giving me c8u8e lo bglievg.. 8ccounling records were nol kept In respect of thè Company as requlred by seotion 386 01 the 2006 Act., or the accounts do not accord with those ro¢ord8,' or th8 accounts do not comply wlth the accountlng requlr8rn8nts of secllon 396 of the 2006 Act other than any requiremenl that the accounts giv8 a tru6 and lalr VI￿ whl¢h Is not a matter considered as part of an independenl examination., or the accounts have not been p¥epared En accordan￿ wlth the methods and principles ol the Statement ol Recomm8nded PraclSce for accounllng and reporting by ch8¥11ies lappllcgble lo charitie5 preparing their accounts accordan￿ with Ihe FinanGlal R?porllng Standard appliGable in the UK and Republic of Ireland IFRS 10211. I have no eoncerns and have come auoss no other matters In connectlon whh the examination to which allenlion should be drawn In Ihls report in order to enable a proper underslan(fing ol the aecounts lo be reached. Aallhew Barton BA (Htsnsl FCA CTA ICAEW Haines W&lls Chartered Ac¢oun18nls Slérling Houss 1 Sheepscar Court Meanwood Rosd Leeds Wesl Yorkshlre LS7 2BB DBte'. Page 5 labetes C# ABCD Llmlled ststeme f Flno lorlh8Y rE 588 2022 3111122 Total Ivnds 3111121 Total UnF851Acted fund Restrfeled funds Noles INCOME AND ENDOWMENTS FROM Donations leg8cle5 4,521 Charftable aGtlvltles Charilable aelivillès 187,097 187,097 227,819 Invo$(ment In¢ome 32.799 32,799 4,341 Totsl 32,799 187,1Y36 219,895 236,681 EXPEND￿uRE ON R8Islng (und8 9.029 9.029 Chadtsble actlvltl85 Ch￿rft8b￿ 8cilvttl88 2,852 171.807 174.259 158.378 Total 11,681 171,607 183.288 158,378 Not ualns on Investmgnts 9.083 9,083 17,267 NET INCOME 30.201 15,489 45.f90 95,570 RECONCILIATION OF FUNDS Total funds brought forward fj,DSS.786 617.691 1.573.477 1,477,907 TOTAL FUNDS CARRIEO FORWARD 1.085,987 533.180 1,619,167 1,573,477 The nol88 form part of Ihese firE8nclal statements Pagè 6 Dl8bel Balan 31 Janu 22 3111122 Tol81 funds 3111121 Total fvnd5 UnT88trlcled fund Restrfded fund5 Notes FIXED ASSETS Inveslments 243.431 243.431 234,123 CURRENT ASSETS Debtors Cash 8t bank 448,589 396.395 308.246 421.954 758,837 818,349 662,911 824,438 844,984 730,202 1.575.186 IA87,349 CREDITOR8 Amovn15 fo151ng due h￿thIn on8 year 12,42BI 1197,0221 1199,4501 1147,9951 NET CURRENT ASSETS 842,556 533,180 1.375.736 1,329.354 TOTAL ASSETS LESS CURRENT LIABILITIES 1,085,987 533.180 1.619,167 1,573,477 NET ASSETS 1,065,987 633.180 1.619,167 1,573,477 FUNDS un￿strICted fund$ Resldcted funds 10 1,085,987 533.180 1.055.786 517,691 TOTAL FUNDS 1,619.167 1,573.477 The charltabl8 COlfP8ny Is en11118d to èx&mptkJn from audll undw Sectlon 477 01 Ihe Companles Act 2008 for the yE8r ended 31 January 2022. Th8 m8mb8rs h8V8 not requlrod th& company lo oblaln &n audlt ol Its flnandal stal8m8nts For thè year ended 31 January 2022 in accordance wllh 88cl1￿ 416 of Ihe Companle6 Act 2¢X)6. The tru31888 acknts￿edge Ihelr i&spc)nsibllilie8 for ensuring that the charllable conwany keeps accounllng r8Gor4s that comply vllth Secllon$ 386 and 387 of lh8 CotTrp6nle$ A¢1 2006 and prepafing finanGlal statements whlch glva a Iru? and falr vlaw ol the Slale of affairs of Ihe ch2rllable company as al ihe end ol BaGh flndnclal y8ar and of115 surplus crf deficll for 88ch financlal year in aGGordan¢È wllh th8 requlremènls ol Sections 394 and 395 and whlGh olheTh¥lse comply ￿th Iha reqviremenls ol Ihe Compan188 Act 2006 relallng lo Ilnan¢1al $tstem8n15. 50 far as appllGabb lo the charllab18 company. Ibl The58 flnsnclal 5tatem&nts heve be8n prepared In aco)rdance ￿th th8 provlslons 8ppllcabSe io ¢harflablg ¢ompanl85 S￿bleCl to the srnall GompanlÈs r8glm8. Tho financlal slalements were 8pprovBd by the BoanS ol Trustee8 and 8Uthorf$ed for Issue on 11 Odob8r 2022 8nd W8re slgned on Ils behalf by.. V Jayagopal- Trustee The [￿te5 form part ol Ih888 nnan¢lal stal8ments Page 7 Qlabe 8 C8r8 Tr ABCD Llrnlled es to th8 Flnanclal Sl8t8monls a Y8ar End8d 31 J8nua 2022 for GENERAL INFORMATION Dlabèles Care Trust IABCDI Llmiled 18 a charilab16 Company, Umlt8d by ￿8r2n1e8, Incorp(x8lgd Sn England and Wales undar tho company numb8r 07248361 and charlly number 1139057. ACCOUNTING POLICIES BaslB of pr8parlng th8 flnanclal statemgnts Thg financlal s181emenls of Ihe charitable company, whlch 18 8 public benellt enllly under FRS 102, h8V8 be8n pr8pared In accordance ￿th Ihe Charilles SORP IFRS 1021 'Accouating ond Reporting by Charftles: St81ement of Recomrnended Practice appllcablé to tharS118s pr8paring Ih8lr accounts In S￿)rdanCe ￿¢h Ihe Flnancial R8pDrtlng S18ndarmpany are the Truslee5 named on page 1. In Ihe 8v6nl of the company being wound up, the1Igblllty In r08pacl of Ihe guardnlee Is Ilmlted to £1 p8r membgr of Ihe company. In¢ome All Incom8 Is r6cogni5ed once t￿ ¢ompany has entillemnt to the illix>rne. r( Is probable that the Income ￿11 bo raceiv8d aThl th8 amount of Income re￿1vable can b8 me88ur8d reliably. For leg8cles, efitlllementls tgken as th8 08rf18r ol lh8 dat8 on whlch ellh8r'. the company18 8W8r8 Ih8t probBt8 has been gr8Trted, the e51ale has been finall$8d and nolificalion has been made by th8 ex8culorlsl lo thè Trust thal a dlslrlbullon ￿11 be rnade. or when a dlstrfbullon Is rg¢elv8d from th6 a$t&le. R8C81pl 018 18gaoy, In whole or In part, Is only consldered probable whpn the amounl can be measured rellably and the company has been nollfiad ol Ihe 8xeculor'8 Intention to rnake a dlslritwllon. Wh81818gaci88 h8V8 bee nolified to thB Gompany, or th8 company 18 awdre of the granllng of probale, and the criteria foi Income iecognilion have not mel, Ihèii Ih618gacy Is Irea18d as a conllngent asset and dl8cIos8d Ilmalerlal. Donated SQ￿ceS or lacllllles are r6eogn15ed when the company hBs control over Ihe Item. any condlllons 8ssoclaled ￿th tho donated Item hav6 been tnel, Ihe recelpl ol econom1¢ b8n8fit frorn lh8 U88 of the company or the item 1$ and Ihal economle b8noflt Can be mè&sured relhbly. In accord8nce wilh the Charilles SORP IFRS 102X tha 98neral volunl88r tim8 of tho Frlends Is not recognr88d and refer to the Tru51ee$' r6pori for mora Inlormatlon aboul thalr C￿t￿￿tIon. On reeelp(, donated pro188siond ser￿ceS &nd don&led laGIIIUes recogni88d on tha bas18 ol Ihè v&lu& ol the gitt lo the company whlch Is th8 amount th6 comp#ny would have bean wllliDg to p8y to obtsln s6twlce$ or faGllille5 Qf equlvdlont 8conomlc b8n8fil on tho open markel,. & corr8spondlng amo￿nI Is then reGwlsed In eXpe￿IllUre In th8 perlots of rec8ipI. Income lax rewvgrab18 In relallon to donal1￿5 IKelved undèr Glft Akl or dÉ8ds of eovbnanl Is recounl$ed al the tlm& of the dgnatlon. In¢ome lax r8COV8rab18 In r818tion to Inveslm8nl Income Is recogn18ed at the tlme IhB Investment In¢orn8 15 r8Cglvabl8. Expendlture Exp8ndilure Is recD9nlsed OnGB ther818 a 18gal or con8lnKIw8 obllgalion to transf8r 8¢orKJmlc b8nefit 10 8 thiid party. it Is probable Ihat a transler of 8conortElc beR8fl18 wll bè reqUI￿d In seltlgmenl 8nd th8 amount ol th obligallon can be measured r8ll8￿y. Page 8 Dlab& 88 Care T ABCD Lirnlted 8 Flna clal S ternenls- eonlinued r End8d 31 J8nu 2022 for th8 Ye ACCOUNTINO POLICIES . ¢onllnugd Expendlture GharSlabl8 acllvllles and Governance CDSt5 ale cas15 Incurred on the compan¥8 8ducatlonal operatk)n$, Includlng support wst8 and costs Telailng to Iho gDvernarrt8 of fh8 eompany apportloned to charllablg Grants payabb charged lrn the ye8rwhen tho offor Is made e¥c8pI In Iho3e ¢a$ès hvhar• the offer 1$ ¢ondlllDna1, such grant8 being reccgTrlsEd a5 ÉxpendSlur8 wh8n Ihe condllions altachlng are fulfilled. Grants offered sthlecl io conditions whlth havè not b8&n m8181 lh8 year 8nd 8r8 noted as a commltm8nl. but nol 8ccrued &$ exp6ndllur8.led to acllvS1188 on 8 b8d5 consislenl with the use of resourc88. Taxatlon The ch8rfty15 8X8mpl Irom Corporatlon lax on Its charltable Scti￿lIES. Fund aG¢ounflno Unrestrfcted Iutids can be used In accordanc8 ￿th Ihè chadlable oblecllves al tt)e dFscr8lon ol th8 Iwste85. R061rlclèd funds can Only b8 used for p8rilcular restrtcled purposes ￿thIn the objects ol the charlty. R8slrfcllon$ arJse wh8n spedfled by the donor orwhen funds 8r8 ta159d lor partlcular restrtcied purpo888. Furth8r explan&llon ol the nature and purrA)s& of each lund Is I￿luded In the nol88 to the fln8nc181 sta18rnentS. Interest rBGolvablè Intere51 on fund$ held on d8POSIt Is included whèn recelvabl8 and the amount can be rneasured retiably by thg company., Ihls Is normally upon nouficallon of the Interesl pald or payab18 by th8 Bank. DebloT8 Trade and other debtors aig ts¢ognlsÈd al th8 SÈtt18m8nt 8mount 8fter tsny trade dlscount offered. Pr8paymen18 are Valu￿ al lh6 amount prepald net of any trad8 d18counl8 du8. Cash at Bank and In hand Cash at bank an($ In hand Indudes (xsh and shorl t8rm hlghly Ikiuld Investmonls ￿th a 8hort malurfty of Ihree rnoTrlhs or le$$ from Ihe dal8 ol a¢qublllon Of OP8iilng of the dBP051t or ¥Smllar a￿ount. Llabllltlo9 and provl$lon8 Llabilllles are re¢ognl8ed wh8n there Is an obligallon at the balance 8h&81 dat8 as 8 r85uIt of a past avent, 11 Is prDbable Ihal a transfer ol 8comrnlc benefit ￿11 bè ￿qUIred in sgtllemÉnt, and Iha arnount ol the s&ttlement can be ast1tnat￿d rellably. L18bllitl8s 8re [8G￿nISed al Ihe amovnl Ih81 th8 company anliciOe5 It will pay to setflè Ihg dobl or the amount il has receried as advanced paym8nls for lh8 good8 or serylces it fflusl piovldts. Provlslons are meas￿red 81 the bast eslimate of (he amunls r8qulr8d to S8tll8 lh8 obllgallon. Where ihe ofle¢l of the 1Srne valu8 of mO￿Y Is rrtaleri81. the provis11￿ Is basad an th8 Pf888nl value of ihoso amounts, dlscounl8d al tha pr8-18x dlscounl rate that rellg¢1s rtsk spe¢lfic to th8 li8billly. Th8 unwlldlng ol thè discount 1$ cognlsed %+lthln in18r8sI payab18 8rYJ 51mllar charges. Flnanclal In8trum8nt* The comp8ny otdy ha5 financlal assets and Thnanclal IlabllillBS of Ihat quallfy as basltt flnand81 In8lrumenis. B851c fin8nclal InslDJmonls are Inlllally recognlsed al transactlon valuè and sub8equ8nlly measured al thelr selllemenl value ￿￿th IhB Bxc8pllon of bank 108tVd whlch ara subsequently mea8ured al mort18ed cost uslng Ihe effectlve melhod. Investm•rtts Flxed asset Inveslm&n18 are a form ol fin8nc181 Inslrumenl and Inlllalty reco9nl8ed al Ihelr Irans8Ctlon cost nd subsequenlly m8a8ur6d al 181r Value al Ihe balanGe 8h8d dale, unl88s falr value cannot be measured rellably In whlch cas8111s m888ur8d al cogt I&ss Impalrmenl. Inv&8lment g21ns and losse5, whelher reallsed or unreallsÉd, are combined and shown In the hèadlng 'GaIn￿lI08888) on Inveslment6' in tha slalement ol flnanclal advi118s Ineorporallng Income and expenditure account. ConBolldatlon In th8 oplnlon of Ihe dlreotors, the company gnd ils subBld18ry underta￿￿95 comprise a small group. Tha conwany has Ihwefore taken advantagè of th8 eX￿pIlon provkled by Se¢llon 398 of Ihe Compan185 Ael 2CM)6 not to prep8r8 group accounls. P8ga g Dlab8188 Car8 Tru5 ABCD Llml 88 lo the Fin8nGlal fort Year Ended 31 Ja 2022 INVÉSTMÈNT INCOME 3111122 3111r21 Dlvldend Income Deposlt account Interest 32,799 4.329 12 32,799 4.341 RAIS5NG FUNDS R418lng don&tlons and18gach% 3111122 3111121 Support costs 6.537 Invtstm•nl managgmenl cosfs 3111122 3111121 Support ¢0818 2,492 Aggr9Qate amr#Ents 9.029 TRUSTEES. REMUNERATION AND BENEFITS Th8r8 were Elo Iru51ee¥ remunemtlon or oth8r b8n8fits for fhè year ended 31 J8nuary 2022 noi lor Ihe year ended 31 J8nuary 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre81Flc18d rund Re$tadgd funds Total lund8 INCOME AND ENDOWMENTS FROM Dongtlons and legades 4,521 4.521 ¢harflabl8 8Ctlvltl85 Charllable 8ollvllles 227,819 227,819 Inv88lm8nt Inc0rn8 4,341 4,341 Total 8,B62 227,818 236,681 EXPENDITURE ON Charltablo actlvltl88 Charltabl8 8cllvlllBS Net yalns on Inv8slm8nts 9,842 17,267 148,536 158.378 17,267 NET INCOME 18.2B7 79.283 95,570 Tran¥fors bolw•on fund (42.7821 42.782 Net movement In funds (26,4951 122.065 95,570 RECONCILIATION OF FUND8 Total fund5 brought forward 1,082,2B1 395,626 1,477,907 Pag8 10 Dlabo 88 Care Trusl ABCD es to th8 FSnanci81 Staloments. lor th8 Y881 Endèd 3 Jttnua 202 U8d COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES. contlnuod Unrestr¢cled fund Re8lrl¢18d lurnls Total funds TOTAL FUNDS CARRIED FORWARLI 1,055,786 517,891 1,573,4TT FIXED ASSET INVESTMENTS Sharès h) g¥tyJp undetlaklng6 LL818d Inve81ments other Investmenis Total8 MARKET VALUE At l February 2021 Addttlons Disposals Revaiuallons 213.779 2.513 12.2881 7.057 20,343 234.123 2,513 12.2881 g.083 2,028 At 31 U#nuary 2022 221.061 22,369 243.431 NET BOOK VALUE Al 31 Janu8ry 2022 221.061 22.369 243,431 Al 31 January 2021 213,779 20,343 234,123 Ther& weie no Inv881ment assals oulskle UK. C081 or v&lu811on 8131 JBnuary 20221s rapr8S8nlsd by.. Shar88 In group und8rt8klngs Llstad Invgslments other Invg8lm8nls Total$ Valuallon In 2022 221,081 22.389 243,431 Th8 company owns 100% 01 th& Issued 8h8re c8pll81 of A8CD IDlab8l8s C8r81 ￿mIted. & cotnpany Incorpora18d and reglstered In Engl8nd 8nd Wale5. The aggr£9ale cgpllol and r658￿88 of ih& company 8t 31 January 2022 werè £84,878 12021.. £32.7991. The profil DI the Lx>mpdny for th8 ye8r lo 31 January 2021 was E84,87712021'. £34,975). Tho los$ of th8 cornpany lor tho year lo 31 January 2022 was Nll12021'.NIII. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3111122 3111121 Amunts owed by group und8rt8kings VAT 755,e41 1,196 882,807 304 756,837 662,911 P89e11 D13b8188 Care Trust ABCO es to the Finan for lh6 Year Ended 31 Jama 2022 CREDITORS.. AMOUNTS FALLINO DUE WITHIN ONE YEAR 3111122 3111r21 Amouni8 Owed lo group undBrt4kln95 A￿rual8 and dalerred Income 197.022 2,428 145.567 2,428 199,450 147.895 10. MOVEMENT IN FUNDS Net movement in funds At 3111122 At 112121 Unr851rlGtod lund$ G8noral fu 1.055,786 30.201 1,085,987 Ra$lrl¢ted fund8 Nallon81 Audll PfogrdmmBs Natlonal Uragulldè & Ex8nalld0 S¢h&m8 Degludec Nallonwd8 Audlt C8naglifioiln audlt Llbre audlt Tostosl8ron8 8udil SÈmaglulid8 audlt Emp(Iglifloxln aud5l COVID Diabetos Naltonal Audlt Omnlpod Audll 1,014 29.489 19,465 51.796 122.984 48.42EI 230,771 3,764 10.000 {1,5871 {6,9491 16,9491 16,9491 7,912 16,9491 53,430 16,94gi 128,4051 18,884 1673} 22.540 12.516 4¢.847 130.876 41.479 284.201 13.1851 118.4051 18,884 517,691 15.489 533,180 TOTAL FUNDS 1,573,477 45.690 1,619,187 Net movement In funds, Induded In Ihe abov8 8r8 as follows.. Incomlt res￿￿$ Resour 8XP8nded Gains and losges vÉmenl In Funds Unrestrl¢tod fund8 General fund 32,799 111,6811 9,083 30,201 Ro$trl¢ted fund8 Nallonal Audit ProgTamrnes NallDnal Llragullde & Ex6natld& S¢hem8 Dog1￿1￿C N8lIon￿de Audlt Canagliflozln audll Llbre audll Tasiosteron8 audll Semaglutld8 aud Empaglinozln 8udll COVID Dlabetes N8llon81 Audlt Omnlpod Audll 11,5871 16,9491 16,9491 16,9491 157,18el 16,949} 17,5881 18,9491 (28,4051 142,116) (1,5871 {6,9491 16,9491 (6,9491 7,912 {6,9491 53,430 16,9491 128,4051 18,8B4 65.098 60.998 61,O¢XI 187,096 1171,fjD7) 15,489 TOTAL FUNDS 219.895 183.288) 9,083 45,690 Pag& 12 8tes Care 88 lo th? Flnancla lor the Year Ended 3 - contlnued ua 22 10. MOVEMENT IN FUNDS. Gonflnued CompBTatlvas for movement In lunds N8t movèment In lund5 Tfan8fvrs l)etwegn funds At 3111121 Al 112120 UnrestrlBt8d funds General fund 1,082.281 16,287 142.7821 1,055,78e Rtsfrl¢ted fund$ Natlonal Audll Prograrnm8S Natlonal Llragullda & Ex8natld8 Sth8m6 Dgglude¢ Nallonwide Audll Canagllflozln audlt Llbre audll Testosl6ron8 audil Semaglullde audlt Empagllflozln audll ABCD R888arch fund Haemodlaly818 project COVID Dlabgtgs Natlon81 Audlt 1,014 29,489 19,466 83,032 69,238 79,664 131,fAIS 1.014 29,489 19,465 51.796 122,964 48,428 230.771 3,764 111.2361 63,728 131,2361 99.106 3.764 142.5201 12,3231 10,000 42,520 262 2,(￿1 10.000 395,626 79.283 42,7B2 517.691 TOTAL FUNDS 1.477,907 95,570 1,573.477 Comparative nel mvement In funds, IncSud8d In fh8 8bov8 818 fdlows.. Irlcomlng restyjrces ResDur¢es expended Galns and 108S8S Mov8m8nl In fund5 Unrestrlct4tl funds General fund 8,862 19,8421 17,267 16,287 Rtstrlc¢8d funds Canag1iflo￿n audll Llbre aud51 T8$loslgrong 8udll S8maglulld8 audlt fmpagllno￿n audll ABCD Research fund a8modlalysi8 prolect COVID D1abetos Nallongl Audtt 5,000 72,477 5,000 115.342 20.000 116,2361 (18.748} (36.2361 {16.2361 {18,2￿) {42.520) 12.323) 111,2381 53,728 131,2381 99.106 3.764 142,5201 {2,3231 10.000 10,0 227,819 1148,536} 79.283 TOTAL FUNDS 236,681 {158,378) 17,267 95,570 Page 13 Dl&b8(0s ABCD Llrniled ote5 o Ihe Flnand21 Slalem8nls- cont5nued 8ar End8d 31 J8nua 2022 qD. MOVEMENT IN FUNDS. ¢ontthued A current yegr 12 months ond prlor y88r 12 months COM￿ne￿ wslllon 1$ a$ lollow8.' Net movement In funds Transfers b&tW8en funds At 3111122 At 112120 Unro$frfcled fundB Géneral fund 1.082,281 46,488 142.7821 1,085,987 Règtrlct8d fund8 Nallorhal Audll Programmes Nal10￿￿1 Llragullde & Exenallde S¢hemg eglud8c Nation￿￿9 Audll Canaglllozln auth'l Llbr8 audlt T8stosteron8 audlt Semaglulide audll Empagliflozln audit ABCD R6search fund aemodialysis project COVID Dlab8tes N8110n￿ Audll Omnipod Audit 1.014 29,489 19.465 83,032 69,238 79,664 131,665 (1,5871 {6,9491 (6,9491 118,1851 61,640 {38.1851 152,536 13,1851 142,5201 12,3231 118,4051 18,884 15731 22,540 12,516 44,847 130,876 41,479 284,201 13,1851 42,S20 2,061 118,4051 18.884 396.626 94,772 42,782 533.180 TOTAL FUNDS 1,477,907 141,2fj0 4,619,187 A ¢urrent year 12 months and prM)r yèar 12 months comblnad nel mov8m8nl In funds, Included in the abov8 are &5 follows.. Incomlnu ie8ourGes Resources expendgd Galns and 10588S Movemènt In lund$ Unro$frl¢lod funds Genwal fund 41,681 121.5231 26,850 46.488 Re8trlcled fund5 Nallonal Audit Programme6 N8llon81 Llragulldo & Exenatlde Scheme Degludec Natlonwlde Audll C&nagllflozin 8udll Llbre audlt T88t05t810ne audil Samaglutide audll Empaglil)ozln audll ABCD Research fund Haemadialysis proJBCt COVID Dlab&l&s Na￿0￿81 Aud51 Omnlpod Audlt 11,5871 16,9491 16,9491 123,1851 175,9351 143,1851 123,8041 123,1851 142,5201 12,3231 128,4051 142,1161 11.5871 16,9491 16.949) 118.1851 61,640 138.1851 152,536 13,1851 142.5201 12.3231 118,4051 18,884 5,000 137,575 6.000 176.340 20.000 10,000 61,000 414,915 1320,1431 94,772 TOTAL FUNDS 488,676 1341.6861 26.350 141,260 P8g8 f4 8r8 BCD L5mll8d o Ihe Fin8nci81 Slalemenls- contl u8d Year Ended 21 Janua 202 11. RELATED PARTY DISCLOSURES Advanlago has begn taken ol th8 8X8mplion In SORP 2015 IFRS 102} not lo d1sc106e any Iransacllons betweon the company and the subsldlary ¢ompany ABCD IDÉabeles C8rel Lltnlled, of whlch l( owns 100% 01 th8 ghts, orwllh BJDVO Llmlied, whl¢h 8 fjOD% subsldlary of ABCD (Diabetes Carel Llmlled.. No lurthpr IransÈ¢tlDns ￿th relatsd p8rt188 undertaken such a5 aro requlred lo be dlsclosed und6r SORP 2015 IFRS 1021. There were no related paty transacllon8 for lh8 year ended 31 January 2021 Pag8 15