| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 6 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 12 | to | 18 |
| Detailed Statement ofFinancial Activities | 19 |
| TRUSTEES | DrMJFitzpatrick | MD |
|---|---|---|
| ProfPJHardaker | ||
| Dame BM Ogilvie | FMedSci FRS | |
| Mr N DRoss | ||
| ProfRH Lovell-Badge FMedSci FRS | ||
| Dr JKMaxton | ||
| Dr A Ahuja | ||
| MrJBruun | ||
| ProfJW M van der Macr FRCP(Lon) FRCP(Edin) (resigned | ||
| 17.11.21) | ||
| Mr JWren | ||
| Prof WVan Saarloos (appointed 18.11.21) | ||
| COMPANY SECRETARY | Ms TBrown | |
| REGISTERED OFFICE | 41 Portland Place | |
| London | ||
| W1B 1QH | ||
| REGISTERED COMPANY | 06771027(England | and Wales) |
| NUMBER | ||
| REGISTERED CHARITY | 1146170 | |
| NUMBER | ||
| INDEPENDENT EXAMINER | McCabe Ford Williams | |
| Chartered Accountants |
||
| Charlton House |
||
| Dour Street | ||
| DOVER | ||
| Kent | ||
| CT16 1BL |
| FOR T | HE YEAR | ENDED 5APR | IL 2022 | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | I | ||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 3 | 683,594 | 9,648 | 693442 | 540,736 | |
| Charitable | activities | ||||||
| Projects | 23,604 | 170,712 | 194,316 | 85,276 | |||
| Investment | income | 29 | 29 | 175 | |||
| Total | 707227 | 180360 | 887587 | 626 187 | |||
| EXPENDITURE ON | |||||||
| Fundraising | projects | 9,875 | 9,875 | 9,966 | |||
| Charitable | activities | ||||||
| Projects | 517,756 | 176,841 | 694,597 | 522,855 | |||
| Other | ~10887 | ~10887 | 11724 | ||||
| Total | ~538518 | ~176841 | ~715359 | ~544 545 | |||
| NET INCOME | 168,709 | 3,519 | 172,228 | 81,642 | |||
| Transfers | between funds |
17 | ~185 | 185 | |||
| Net movement in funds |
168,524 | 3,704 | 172428 | 81,642 | |||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds brought | forward | 204,279 | 80,680 | 284,959 | 203,317 | ||
| TOTAL FUNDS CARRIED FORWARD | ~372 803 | ~84 384 | ~457 187 | ~284 959 |
| 5A | PRIL 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f, | f, | ||||
| FIXEDASSETS | ||||||
| Tangible assets | 12 | 1,569 | 1,569 | 2,861 | ||
| CURRENT ASSETS | ||||||
| Debtors | 13 | 158,555 | 158,555 | 56,696 | ||
| Cash at bank | 14 | 245 423 | ~212 | 78 | ~457701 | ~241 052 |
| 403,978 | 212,278 | 616,256 | 297,748 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
15 | (32,744) | (127,894) | (160,638) | (15,650) | |
| NET CURRENT ASSETS | ~371234 | ~84 | 384 | 455 618 | ~282 098 | |
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 372,803 | 84,384 | 457,187 | 284,959 | ||
| NET ASSETS | ~372 803 | 84 | 384 | 457 187 | 284 959 | |
| FUNDS | 17 | |||||
| Unrestricted funds |
372,803 | 204279 | ||||
| Restricted funds | 84 384 | 80680 | ||||
| TOTAL FUNDS | ~457 187 | 284 959 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated fmm operations |
~216 620 | ~85 053 | ||
| Net cash provided by operating activities |
~216 620 | ~85 053 | ||
| Cash flows from investing | activities | |||
| Purchase oftangil&le fixed assets | (I,105) | |||
| Interest received | 29 | 175 | ||
| Net cash provided by/(used |
in) investing | activities | 29 | ~930) |
| Change in cash and cash equivalents | in | |||
| the reporting period |
216,649 | 84,123 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 241 052 | ~156 929 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
~457 701 | ~241 052 |
| ACTIVITIES | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Net income for the Activities) |
reporting | period (as per the Statement | ofFinancial | 172~8 | 81,642 |
| Adjustments for: |
|||||
| Depreciation charges |
1492 | 1,294 | |||
| Interest received | (29) | (175) | |||
| increase)/decrease Increase/(decrease) |
in debtors in creditors |
(101,859) 144988 |
7,131 ~4839 |
||
| Netcashrovided | boeratio | ns | 216620 | 85 053 |
| ANALYSIS OF CHANGES IN NKT | FUNDS | ||
|---|---|---|---|
| At 6.4.21 | Cash flow | At 5.422 | |
| f. | |||
| Net cash | |||
| Cash at bank | 241 052 | ~216649 | ~457701 |
| 241 052 | 216649 | 457 701 | |
| Total | 241 052 | 216649 | 457 701 |
| The charity provides for depr estimated useful life. |
The charity provides for depr estimated useful life. |
The charity provides for depr estimated useful life. |
The charity provides for depr estimated useful life. |
The charity provides for depr estimated useful life. |
eciation on a 20% straight line bas |
eciation on a 20% straight line bas |
is in order to write off ea | ch asset over its | |
|---|---|---|---|---|---|---|---|---|---|
| The charity has a capitalisation Tangible assets under f500 are |
policy where by tangible assets are written to the statement of I'mancial |
only capitalised ifthey cost activities as an expense. |
more than f500. | ||||||
| 3. | DONATIONS AND |
LEGACIES | |||||||
| 2022 | 2021 | ||||||||
| Donations | (including | gift aid) | ~693 42 | ~540 736 | |||||
| 4. | INVESTMENT INCOME | ||||||||
| 2022 | 2021 | ||||||||
| Bank interest | 29 | 175 | |||||||
| 5. | INCOME | FROM CHARITABLE ACTIVITIES | |||||||
| 2022 | 2021 | ||||||||
| Activity | |||||||||
| projects | ~194 316 | 85,276 | |||||||
| 6. | ~ABLEACTIVITIES COSTS | ||||||||
| Direct | |||||||||
| Costs | |||||||||
| projects | ~694 597 | ||||||||
| 7. | SUPPORT | COSTS | |||||||
| Governance | |||||||||
| costs | |||||||||
| f, | |||||||||
| Other resources expended | ~10 887 | ||||||||
| Support costs, included | in the above, are as follows; | ||||||||
| 2022 | 2021 | ||||||||
| Other | |||||||||
| resources | Total | ||||||||
| expended | activities | ||||||||
| f, | |||||||||
| Independent | examiner's | remuneration | 2,700 | 2,430 | |||||
| Board oftrustees' | meetings | 23 | |||||||
| Trustees' expenses | 307 | ||||||||
| Bookkeeping and |
payroll | 7857 | 9294 | ||||||
| ~10 887 | 11724 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f. | ||||
| Independent | examiner's | remuneration | 2,700 | 2,430 |
| Depreciation | -owned | assets | 1492 | 1,294 |
| Rent | 62 693 | 60 037 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f | ||||
| Wages and salaries | 399,904 | 326,375 | ||
| Social security costs | 38,504 | 30,869 | ||
| Other pension costs | 32326 | ~17 127 | ||
| ~470 734 | ~374 371 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2022 | 2021 | |||
| Emloees | 10 | 9 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 580,001- f90,000 | 1 | |||
| 6120,001 - | 5130,000 | 1 | ||
| COMPARATIVKS FORTHE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||
| firn ds | funds | funds | ||
| f, | ||||
| INCOME | AND ENDOWMENTS FROM | |||
| Donations | and legacies | 540,736 | 540,736 | |
| Charitable | activities | |||
| Projects | 85,276 | 85,276 | ||
| Investment | income | 175 | 175 | |
| Total | 540 911 | 85 276 | ~626 187 |
| FORTHE YEAR ENDED 5APRIL | FORTHE YEAR ENDED 5APRIL | FORTHE YEAR ENDED 5APRIL | 2022 | |||
|---|---|---|---|---|---|---|
| 11. | COMPARATIVES FOR THK STATEMENT OFFINANCIAL | ACTIVITIES | - continued | |||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| f, | ||||||
| 9,966 | 9,966 | |||||
| Charitable | activities | |||||
| Projects | 486,417 | 36,438 | 522,855 | |||
| Other | ~11 724 | ~11 724 | ||||
| Total | ~508 107 | 36438 | ~544 545 | |||
| NET INCOME | 32,804 | 48,838 | 81,642 | |||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought | forward | 171,475 | 31,842 | 203,317 | ||
| TOTAL FUNDS CARRIED FORWARD | ~204 279 | ~80 680 | ~284 959 | |||
| 12. | TANGIBLE FIXED | ASSETS | ||||
| Oflice | ||||||
| equipment I |
||||||
| COST | ||||||
| At 6April | 2021 and 5 | April 2022 | 6 189 | |||
| DEPRECIATION | ||||||
| At 6April | 2021 | 3,328 | ||||
| Charge for | year | ~192 | ||||
| At 5 April | 2022 | 4 620 | ||||
| NET BOOK VALUE | ||||||
| At 5 April | 2022 | ~1569 | ||||
| At 5 April | 2021 | 2 861 | ||||
| 13. | DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR | |||||
| 2022 | 2021 | |||||
| Opemting debtors Other debtors |
156,800 ~1755 |
36,450 ~20246 |
||||
| ~158 555 | 56696 |
| CASH AT BANK | |||||
|---|---|---|---|---|---|
| 5.4.22 | 5.4.21 | ||||
| Lloyds Register | |||||
| General fund | Foundation | Peritia | Total funds | Total funds | |
| g | |||||
| Interest savings account | 143,601 | 127,894 | 84,384 | 355,879 | 175,551 |
| Bank current accounts | 17,160 | 17,160 | 4,648 | ||
| Euro account | 84 662 | 84662 | 60 854 | ||
| 245 423 | 125894 | 84 384 | 457 701 | 241 053 | |
| CREDITORS: AMOUNTS FALLING DUE | WITHIN ONK YEAR | ||||
| 2022 | 2021 | ||||
| f, | |||||
| Social security and other taxes | 14,792 | 9,615 | |||
| Other creditors | 17,952 | 6,035 | |||
| Deferred income | ~127894 | ||||
| ~160 638 | 15650 |
| MOVEMENT | IN FUNDS | ||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 6.4.21 | in funds | funds | 5.4.22 | ||
| Unrestricted | funds | ||||
| General fund | 204279 | 168,709 | (185) | 372,803 | |
| Restricted funds |
|||||
| Wellcome Trust Peritia |
5,944 74 736 |
(6,129) ~9648 |
185 | 84384 | |
| 80680 | 3 519 | 185 | ~84 384 | ||
| TOTAL FUNDS | ~284 959 | 172228 | 457 187 | ||
| Net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 707,227 | (538,518) | 168,709 | ||
| Restricted funds | |||||
| Wellcome Trust | 13,073 | (19202) | (6,129) | ||
| Peritia | 9,648 | 9,648 | |||
| Lloyds Register Foundation | ~157639 | ~157639 | |||
| ~180360 | ~176841 | 3,519 | |||
| TOTAL FUNDS | ~887 587 | ~715359) | ~172 228 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 6.4.20 | in fimds | 5.4.21 | ||
| Unrestricted | funds | |||
| General fund | 171,475 | 32,804 | 204,279 | |
| Restricted funds | ||||
| Wellcome Trust | 31,842 | (25,898) | 5,944 | |
| Peritia | ~74736 | 74736 | ||
| 31842 | ~48 838 | 80680 | ||
| TOTAL FUNDS | ~203 317 | ~81 642 | 284959 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| Geneml fund | 540,911 | (508,107) | 32,804 | |
| Restricted funds | ||||
| Amberstone | 5,500 | (5,500) | ||
| Wellcome Trust | 5,040 | (30,938) | (25,898) | |
| Peritia | 74736 | ~74 736 | ||
| 85 276 | ~36 438 | ~48 838 | ||
| TOTAL FUNDS | ~626 187 | 544 545 | 81 642 |
FOR THK YEAR ENDED |
5APRIL 2022 |
|||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations (including |
gift | aid) | 693,242 | 540,736 |
| Investment income |
||||
| Bank interest | 29 | 175 | ||
| Charitable activities |
||||
| Grants | ~194316 | 85276 | ||
| Total incoming resources | 887,587 | 626,187 | ||
| EXPENDITURE | ||||
| Raising dooations and legacies |
||||
| Wages | 8,770 | 8,736 | ||
| Social security | 842 | 939 | ||
| Pensions | 263 | 291 | ||
| 9,875 | 9,966 | |||
| Charitable activities |
||||
| Wages | 391,134 | 317,639 | ||
| Social security | 37,662 | 29,930 | ||
| Pensions | 32,063 | 16,836 | ||
| Rent, service charges, | rates and electricity | 62,693 | 60,037 | |
| Insurance | 809 | 1,100 | ||
| Computer and website |
7,819 | 7,907 | ||
| Telephone | 938 | 534 | ||
| Postage and stationery | 2,316 | 802 | ||
| Bank charges | 287 | 278 | ||
| Project related expenses | 149,114 | 84,044 | ||
| Exchange rate variances | 2,901 | 2,454 | ||
| Repairs, renewals and equipment Office equipment depreciation |
5,569 ~192 |
1 294 | ||
| 694,597 | 522,855 | |||
| Support costs | ||||
| Governance costs |
||||
| Independent exammer's |
remuneration | 2,700 | 2,430 | |
| Board oftrustees' meetings |
23 | |||
| Trustees' expenses Bookkeeping and payroll |
307 7 857 |
~994 | ||
| 10887 | 11724 | |||
| Total resources expended | ~715359 | 544 545 | ||
| Net income | ~172 28 | ~81 642 |