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2022-03-31-accounts

Reference and Administrative Details
Trustees'
Report		 2to 7
Statement of Responsibilities
Independent
Auditors'
Report		 9 to 12
Statement ofFinancial Activities 13
Balance Sheet 14
Statement ofCash Flows 15
Notes tothe Financial Statements 16to 26

Trustees Professor Sir lan Boyd
Dr Stephen
Breslin
Jeremy Clayton
Dr Mark Downs
Perdita Fraser
Professor
Kim Graham
Sinead Hesp
Jane Hughes
Catherine
Johns
Professor Andrew Jones
Rohinton
Mobed
David Parfrey
Professor Mark Price
Dr Robert Sorrell
Professor Lesley Yellowlees
Charity Registration Number 1147492
Company Registration Number 07807252
Registered Office 1Naoroji Street
London
WC1XOGB
Auditor Field Sullivan
Limited
9 Hare 5 Billet Road
Blackheath
SE3ORB
Bankers The Cooperative Bank
1Balloon Street
Manchester
M60 4EP

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Balance Sheet as at 31March 2022
2022 2021
Note f f
Fixed assets
Tangible assets 2,431 2,340
Current assets
Debtors 10 1,103,892 14,127
Cash at bank and in hand 315,633 335,303
1,419,525 349,430
Creditors; Amounts falling due within one year 12 (139,892) (124,020)
Net current assets 1,279,633 225,410
Net assets 1,282,064 227,750
Funds ofthe charity:
Restricted income funds
Restricted funds 1,032,414
Unrestricted income funds
Unrestricted funds 249,650 227,750
Total funds 13 1,282,064 227,750

State ment ofCash Flows forthe Year Ended 31M arch 2022
2022 2021
Note f f
Cash flows from operating activities
Net cash income 1,054,314 74,566
Adjustments
to cash		 flows from non-cash items
Depreciation 2,437 1,596
1,056,751 76,162
Working capital adjustments
Increase in debtors 10 (1,089,765) (3,236)
Increase/(decrease) in creditors 12 7,352 (1,347)
Increase/(decrease) in deferred income 8,520 (2,361)
Net cash flows from operating
activities		 (17,142) 69,218
Cash flows from investing activities
Purchase oftangible fixed assets (2,528) (2,241)
Net (decrease)/increase
in		 cash and cash equivalents (19,670) 66,977
Cash and cash equivalents at1April 335,303 268,326
Cash and cash equivalents at31March 315,633 335,303

Unrestricted
Total Total
General
f		 Restricted
f		 2022f 2021
f
Subscriptions 301,825 301,825 300,898
Sponsorship 18,000 18,000 16,000
Projects - Joint Funded Policy Officer 8,035 8,035 64,206
Wellcome —Discovery Decade 1,122,000 1,122,000
319,825 1,130,035 1,449,860 381,104

4
Expenditure
on charitable
activities
Total Total
2022 2021
E E
Debates, forums and lectures 202
Travel and subsistence (502)
Advertising 126
Legal and professional 1,689 2,900
Reference materials 12,622 7,920
Bad debts written off 3,066
Staff costs 347,054 281,268
Support costs 30,667 14,624
395,546 306,538

Total Total
2022f 2021
f
Audit fees
Audit ofthe financial statements 4,800
Depreciation, amortisation and other similar costs 2,437 1,596
Rent 15,227 1,454
Office expenses 1,648 770
Computer
software
and maintenance		 5,980 7,958
Printing,
postage		 and stationery 261 508
Cost oftrustee meetings 94
Staff entertaining (allowable for tax) 71
Independent examination 1,447
Bank charges 149 891
30,667 14,624

7
Staff costs
The aggregate
payroll costs were as follows:
2022f 2021
E
Staff costs during the year were:
Wages and salaries 282,103 259,046
Social security costs 26,005 20,282
Pension costs 31312
Other staff costs 7,634 1,940
347,054 281,268
2022 2021
No No

2022 2021
No No

9
Tangible fixed assets
Furniture and
equipment
f		 Total
f
Cost
At 1April 2021 10,858 10,858
Additions 2,528 2,528
Disposals (6,074) (6,074)
At 31March 2022 7,312 7,312
Depreciation
At 1April 2021 8,518 8,518
Charge for the year 2,437 2,437
Eliminated
on disposals		 (6,074) (6,074)
At 31March 2022 4,881 4,881
Net book value
At 31March 2022 2,431 2,431
At 31March 2021 2,340 2,340
10 Debtors
2022 2021
f f
Trade debtors 24,528
Prepayments 6,130 6,388
Accrued income 1,073,234 7,739
1,103,892 14,127
11Cash and cash equivalents
2022 2021
f f
Cash at bank 315,633 335,303

Notes tothe F inancial Statemen ts for the Y ear Ended 31 March 2022
Previous period - 2021
Balance at
Balance at 1 Incoming Resources 31March
April 2020
f		 resources
f		 expended
f		 Transfers
f		 2021
f
Unrestricted
General
General Funds 153,184 316,898 (241,546) (786) 227,750
Restricted
Joint Funded Policy Officer
project 64,206 (64,992) 786
Total funds 153,184 381,104 (306,538) 227,750

Current period - 2022
Unrestricted Total funds at
funds Restricted 31March
General funds 2022
f f f
Tangible fixed assets 2,431 2,431
Current assets 387,111 1,032,414 1,419,525
Current liabilities (139,892) (139,892)
Tota I net assets 249,650 1,032,414 1,282,064

Previous period - 2021
Unrestricted Total funds at
funds Restricted 31March
General
f		 fundsf 2021
f
Tangible fixed assets 2,340 2,340
Current assets 341,395 8,035 349,430
Current liabilities (115,985) (8,035) (124,020)
Total net assets 227,750 227,750