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|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|
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|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|
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||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|
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||||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|
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|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|
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|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|
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|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|
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|||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|
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|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|
##
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|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|
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