OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts
CONTENTS PAGE
Chair'sstatement 1
Trustees'report 2-8
Auditors'report 9-11
Statementoffinancialactivities 12
Balancesheet 14
Notestothefinancialstatements 14-24

Restricted Unrestricted Total Total
Funds Funds Funds Funds
Notes 2021 2021 2021 2020
f f f f
IncomingResources
Incomingresourcesfromvoluntarysources:
Donationsfromthepublic 2 50,533 50,533 74,803
Trustincome 2 12,000 2,500 14,500 133,269
Legacyincome 2 4,776 4,776
Fundraisingincome 2 4,046 4,046 61,208
Incomeresourcesfromcharitableactivities:
Courses 2 30,117
Governmentgrants 2 67,737 67,737
Otherincome:
Investmentincome 2 6,268 6,268 35,476
Totalincomingresources 12,000 135,860 147,860 334,873
Resourcesexpended
Costofgeneratingfunds 3 - 179,697 179,697 167,045
Charitableactivities:
Researchexpenditure 3 25,000 8,163 33,163 107,070
Coursecosts 3 4,227 19,539 23,766 202,607
TotalResourcesexpended 29,227 207,399 236,626 476,722
Netincomingresourcesforthe year (17,227) (71,539) (88,766) (34,045)
Unrealisedgains/(losses)on
revaluationofinvestments 39,262 39,262 (107,776)
Netmovementoffunds (17,227) (32,277) (49,504) (249,625)
At31March2020 34,040 988,532 1,022,572 1,272,197
At31March2021 16,813 956,255 973,068 1,022,572

2021 2020
Notes
Fixedassets
Tangibleassets 7 7,943 7,943
Investments 8 955,473 969,944
Currentassets
Accountsreceivable
Prepaymentsandotherdebtors 3,262 8,470
Cashatbankandinhand 70,393 125,945
73,655 134,415
Creditors:amountsfalling
duewithintheyear
Accountspayable 4,684 32,105
Employmentcreditors 3,257 5,393
Accruals 10,900 5,400
Grantspledged 9 29,500 29,500
Deferredincome 15,662 17,332
64,003 89,730
Netcurrentassets 9,652 44,685
Totalassetslesscurrentliabilities 973,068 1,022,572
Funds
Restricted 10 16,813 34,040
Designated 11 550,000 550,000
General 11 406,255 438,532
973,068 1,022,572

Total Total
Restrictedfunds Unrestrictedfunds funds funds
2021 2020 2021 2020 2021 2020
£ f f f £ f
Incomingresourcesfromvoluntarysources
Donationsfromthe
public 50,533 74,803 50,533 74,803
TrustIncome 12,000 130,769 2,500 2,500 14,500 133,269
LegacyIncome - 4,776 - 4,776
FundraisingIncome - 4,046 61,208 4,046 61,208
Incomingresourcesfromcharitableactivities
Courses 30,117 30,117
CoronavirusJobRetentionScheme - 67,737 67,737
OtherIncome
InvestmentIncome - 6,268 35,476 6,268 35,476
RefundreR&Drepaid -
Totalcosts 12,000 130,769 135,860 204,104 147,860 334,873

Costsof Total Total
generating Research Course funds funds
funds expenditure costs 2021 2020
£ £ f f f
Trainingcourses - 2,665 2,665 78,912
Researchexpenditure 24,691 24,691 46,944
Wagesandsalaries(note4) 137,634 6,402 16,003 160,039 207,343
Facilitiescosts 230 230 460 920 36,414
Consultancyandprofessionalfees 26,104 1,214 3,035 30,353 43,853
Fundraisingcosts 2,224 2,224 30,434
Website 36 36 72 577
Supportcosts 13,469 626 1,567 15,662 32,245
Totalcosts 179,697 33,163 23,766 236,626 476,722

RESOURCESEXPENDED(continued...)
2021 2020
£ £
Analysisofsupportcosts
Depreciation - 3,629
ITcosts 4,451 4,333
Auditfees 5,400 5,400
Bankfees 717 1,101
Otherofficeadministrativesupportcosts 5,092 17,782
15,660 32,245

2021 2020
£ £
Staffcostsandtrustee'sremuneration
Wagesandsalaries 141,679 182,666
Socialsecurity 8,611 14,023
Pensioncosts 9,749 10,654
160,039 207,343

2021 2020
No. No.
6 7

2021 2020
£ £
Auditorsremuneration—asauditor 5,400 5,400
Depreciation 3,629

Computers Equipment Total
£ £ £
Cost
At1April2020 91,618 27,426 119,044
Additions -
At31March2021 91,618 27,426 119,044
Depreciation
At1April2020 85,699 25,402 111,101
Depreciationcharge
At31March2021 85,699 25,402 111,101
Netbookvalue
At31March2021 5,919 2,024 7,943
At31March2020 5,919 2,024 7,943

2021 2020
£ £
Marketvalue
At1stApril2020 969,943 1,042,619
Investmentincomereceivedreinvested 6,269 35,100
Withdrawals (60,000)
Gain/(Loss)onfairvaluemovements 39,262 (107,776)
At31March2021 955,473 969,943
Investmentsheldasfollows:
Globalinvestmentunitfunds 575,205 969,909
Cashheldbyinvestmentmanagers 380,268 34
At31March2021 955,473 969,943

ANALYSISOFGRANTS
2021 2020
f £
Researchexpenditureduringtheyear
Harji-LRRC 19,500
PelicanFellow 24,691 52,302
Grantobligationsreleasedonexpiryofgrant (24,858)
GrantspayablechargedtotheSoFAduringtheyear 24,691 46,944
2021 2020
f £
Grantspayable
Grantspayableat31stMarch2020 29,500 59,858
GrantspayablechargedtotheSoFAduringtheyear 24,691 46,944
Grantspaidduringtheyear (24,691) (77,302)
Grantspayableat31stMarch2021 29,500 29,500
Inadditiontotheabove,thetrusteeshadalsoapprovedthefollowinggrantstobemadeat31March2021,
butwhicharenotaccruedforwithinthesefinancialstatements,asthecharitystillhadcontrolofthesefunds
at31March2021:
2021 2020
f f
Grantsapproved
None
Grantspledgescommitted,butnotaccruedat31stMarch2021

RESTRICTEDFUNDS
At At
1April Incoming Outgoing 31March
2020 resources resources Transfers 2021
f f f f f
Restrictedfunds
Equipment-MDTProjector 2,000 2,000
PelicanIMPACT 4,227 (4,227) -
TIPTOP 4,816 10,000 14,816
Researchfellow 25,000 (25,000)
TotalRestrictedfunds- 2021 34,040 12,000 (29,227) 16,816

RESTRICTEDFUNDS(continued)
At At
1April Incoming Outgoing 31March
2019 resources resources Transfers 2020
Restrictedfunds
IMPRESS-ResearchTrial 2,000 (2,000)
FORECAST-ResearchTrial 2,000 (2,000)
ParlarcResearch 2,000 (2,000)
EventEquipment 1,980 (1,980)
PelicanIMPACT (4,981) 95,769 (86,561) 4,227
TIPTOP 28,753 10,000 (33,940) 4,813
SPECC-TrainingProgramme 763 (763) -
Researchfellow 37,500 25,000 (37,500) - 25,000
Grants 5,500 (5,500)
PMPImpact 500 (500) -
TotalRestrictedfunds- 2020 76,015 130,769 (159,264) (13,480) 34,040

At At
1April Incoming Outgoing 31March
2020 resources resources Transfers 2021
£ £ £ £ £
Designatedfunds
Contingencyreserve 300,000 - 300,000
Research&Educationcommitments 200,000 - 200,000
Fixedassetfund 50,000 50,000
TotalDesignatedfunds- 2020 550,000 550,000
Generalfunds 438,532 135,860 (168,137) 406,255
TotalUnrestrictedfunds- 2020 988,532 135,860 (168,137) 956,255
At At
1April Incoming Outgoing 31March
2019 resources resources Transfers 2020
£ £ £ £ £
Designatedfunds
Contingencyreserve 600,000 - (300,000) 300,000
Research&Educationcommitments 417,255 (17,255) (200,000) 200,000
Fixedassetfund 100,000 - - (50,000) 50,000
TotalDesignatedfunds- 2019 1,117,255 (17,255) (550,000) 550,000
Generalfunds 78,927 204,104 (407,979) 563,480 438,532
TotalUnrestrictedfunds- 2019 1,195,182 204,104 (425,234) 13,480 988,532

Unrestrictedfunds Unrestrictedfunds
Designated GeneralFunds Restricted Total
Funds Funds
f f f f
Fixedassetinvestments 579,500 375,973 955,473
Tangiblefixedassets 7,943 7,943
Cashatbankandinhand 53,580 16,816 70,393
Othernetassets/(liabilities) (29,500) (31,241) (60,741)
550,000 406,255 16,816 973,068