## 

## 



## 

## 

## 

|||
|---|---|
|**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**|



## 

## 

## 

##