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2021-12-31-accounts

Unrestricted Unrestricted Restricted Restricted Total
Total		 The statement The statement The statement offinancial offinancial offinancial offinancial offinancial
income 2021 (E) 2021 (E) 2021 (E)
2020 (E)		 activities includes
all gains		 and
losses recognised
in the		 year.
Danations
82 legacies (see N.4)		 572,037 97,468 669,505
512,450		 All income and expenditure
Other trading activity (see N.4) 1,000 1,000
22,116		 derive from continuing
activities.
573,037 97,468 670,505
534,566
Expenditure
Charitable
activities (see		 N.5) 613,799 217,578 831,377
423,249
613799 217,578 831,377
423,249
Net income/{expenditure) (see N.6) I (120,110) (160,872)
111,317
Transfers between funds (see N.11)
Net movements
in funds		 (40,762) (120,110) (160,872)
111,317		 I
Reconciliation offunds
Total funds at 1)an 220,961 122,110 343,071
231,754		 I
Total funds at 31Dec 180,199T 2,000 182,199
343,071
4 Balance sheet
Fixed ossets 2021 (E) 2020 (E) The financial
statements		 have been prepared in
Tangible assets (see N,7) 5,680 2,820 accordance
with
small
companies		 the
provisions
within
Part		 applicable
15
of		 to
the
,'Investment
in		 subsidiary (see N.8) 100 100 Companies
Act 2006.The		 company is entitled to
5,780 2,920 exemption
from
audit
under
5477
of the
Companies
Act 2016.These accounts
have been
prepared
in		 accordance with
the
provisions
Current assets applicable
to companies
companies
regime.		 subject to the small
Debtors (see N,9) 1,485,053 1,355,480
,Cash at bank 145,934 121,234 The financial
statements
were approved
Trustees on and signed on their behalf, by		 by the
1,630,987 1,476,714
Amount
falling		 due within one year (see (1,454,568) (1,136,563)
N.10)
Net current assets/(liabilities) 340,151 Thomas Fink
23 March 2022
Net assets ~282,299 343,0j12 Company
Registration
No:		 06814771
charity funds The notes on the following pages are part of
IRestricted (see N.11) 2,000 3 122,110 these financial statements.
i Unrestricted
(see N.11)		 180,199 220,961
182,199 343,071

N.41ncome
income from donations Ilnrestiicted 2021 (E) Restricted 2021 (E) Totol2021 (EJ Total 2D20 (EJ
Donations 2,798 2,798
Grant and corporate 569,239 97,468 666,707 512,450
572,037 97,468 669,505 512,450
Income from other trading activities
Fee income 15,500
ONce and room rental 6,616
Lecture fee income 1,000 1,000
1,000 1,000 22,116
N.5 Expenditure
Staffcosts (E) Depreciation (E) Other costs (EJ Totol 2021 (E) Total 202D (E)
Research activity costs (detailed below) 389,090 19,994 409,084 300,364
Support costs (detailed below) 245,879 3,704 172,710 422,293 122,885
3,704 192,704 831,377 423,249

N.5 Expenditure N.5 Expenditure (continued) (continued)
fiesearch octlvlty costs 2021 (E) 2020 (E)
Postdocs 51,933 57,579
Fellows 188,232 114,850
Developers 96,000 89,000
Consulting 8,315 13,000
Travel 8,672 1,168
Employers national insurance 32,396 22,270
Employers pension 20,529 932
ITsoftware and consumables 2311 1,322
Books and sundry 696 243
409,0S4 300,364
Governance costs 2021 (E) 2020(E)
Independent
Examiner'		 fees 3,600 3,600
Legalfees 16,312 5,522
19,912 9,122
Staffcosts 2021 (E) 2020 (E)
Wages and salaries 551,699 274,345
Social security costs 59,100 23,750
Pension costs 24,170 932
634,969 299,027
Staffbenefits 2021 (no.) 2020 (no.)
f60,001- E70,000
E70,001 - E80,000
f80,001 -f90,000
f90,001 - E100,000
f100,001 - E110,000
f110,001 - E120,000
E120,001- E130,000
f130,001- E140,000
f140,001 - E150,000

~2021 E 2020 E
Depreciation oftangible fixed assets 3,704 2,575
Independent examiner's fee 3,600 3,600

Leasehold pastures pastures & Office
Cast property (Ej fittings (Ej equip. (Ej Total (Ej Investment 2021(Ej 2020(Ej
As at 1Jan 2021 189,537 47,749 6,774 244,060 Subsidiary 100
Additions 6,564 6,s64 100
Disposals
At 31Dec 2021 189,537 47,749 13,338 250,624
Subsidiary LIMS Ventures
Ltd
Depreciotlon On 2 Itfov 2015 the
Institute		 set up its
As at1lan 2021 189,537 47,080 4,623 241,24+0 trading
subsidiary,
LIMS Ventures
Limited
(registered
no. 09851506 and
registered
Charge for the year 440 3,264 3,704 office
21
Albemarle
Street,
London,
England,
W1S485), and subscribed
to 100
On disposals ordinary E1shares. The charity holds 1003o
At 31Dec2021 189,5+37 47,520 7,887 244,944 of the issued
accounts for		 share capital. The company's
the year ended 31Dec 2021
Net book value showed
a total
share
capital
of		 deficit
in
reserves
and
E6,111 (2020: E4,311
At 31Dec2021 229 5,451 5,680 deficit).
669 2,151 2,820
N.9Debtors N.10Creditors
Debtors 2021 (Ej 2020(Ej Creditors falling due within the yeor 2021(Ej 2020(Ej
,'Rental deposit 35,260 2,500 gank loans and overdrafts 6,155+ 6,155
I other debtors 109,434 6,104 Otherloans 398,237 396,889
' Owed from group undertakings 1,340,359 1,338,559 Trade creditors 3,186 63,378
Accrued income 8,317 Social security 287,289 115,772
1,485,053 1,355,480 VAT 243,865 231,058
Other creditors 282,915 265,211
Accruals and deferred
income		 232,921 58,100
1,4S4,S68 I 1,136s563

Leasehold Leasehold
Operating leases which expire property
2021(E)		 property
2020 (E)
Within one year 78,624 78,624
Between two and five years
After five years
~78,624 78,624

N.15Comparative
state		 ment
offinanci		 ment
offinanci		 al activitie s forth
Unrestricted Restricted Total
Income 2020(EJ 2020 (E/ 2020 (EJ
Donations
&legacies		 3,383 509,06'7 512,450
Other trading activity 22,116 22,116
Other
Total income 25,499 509,067 534,566
Expenditure
Charitable
activities		 16,025 407,224 423,249
Total expenditure 16,025 407,224 423,249
Net income/(expenditure) 9,474 101,843 111,317
Transfers between funds
Net movements
in funds		 9,474 101,843 111,317
Reconciliation offunds
Total funds at 1 lan 2020 211,487 20,267 231,754
Total funds at31Dec2020 L 220,961 122,110 343,071