2021-09-30-accounts

				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers
Trustees' report				2-3
Trustees' responsibilities statement
Independent auditors'	report	on the financial statements		5-7
Statement offinancial	activities
Balance sheet				9-10
Statement ofcash flows
Notes to the financial	statements			12-22

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
			Note		E
Income from:
Donations and	legacies			269,350	269,350	1,475,306
Charitable activities				108,000	108,000	118,500
Investments				29,481	29,481	20,989
Other income				10,690	10,690
Total income				417,521	417,521	1,614,795
Expenditure on:
Charitable activities				773,535	773,535	774,721
Total expenditure				773,535	773,535	774,721
Net movement	in funds			(356,014)	(356,014)	840,074
Reconciliation	offunds:
Total funds brought		forward		1,589,153	1,589,153	749,079
Net movement	in funds			(356,014)	(356,014)	840,074
Total funds carried forward				1,233,139	1,233,139	1,589,153

					2021		2020
			Note
Fixed assets
Tangible assets					15,876		18,277
					15,876		18,277
Current assets
Debtors			12	12,730		21,795
Cash at bank and in hand				1,225„051		1,567,003
				1,237,781		1,588,798
Creditors: amounts	falling due within one
year				(20,518)		(17,922)
Net current assets					1,217,263		1,570,876
Total assets less current liabilities					1,233,139		1,589,153
Net assets excluding		pension asset			1,233,139		1,589,153
Total net assets					1,233,139		1,589,153
Charity funds
Restricted funds			14
Unrestricted funds			14		1,233,139		1,589,153
Total funds					1,233,139		1,589,153

		Unrestricted	Total	Total
		funds	funds	funds
		2021f	2021f	2020f
Donations	and gifts	269,350	269,350	1,475,306
Total 2020		1,475,306	1,475,306

			Unrestricted	Total	Total
			funds	funds	funds
			2021f	2021f	2020f
Donated	facility		108,000	108,000	118,500
Total 2020			118,500	118,500
Investment		income
			Unrestricted	Total	Total
			funds	funds	funds
			2021f	2021f	2020
Rental income			27,231	27 231	17,909
Interest	receivable		2,250	2,250	3,080
			29,481	29,461	20,989
Total 2020			20,989	20,989

		Activities
		undertaken	Total	Total
		directly	funds	funds
		2021	2021f	2020
Charitable expenditure		773,535	773„535	774,721
Total 2020		774,721	774,721
Analysis ofdirect costs
			Total	Total
			funds	funds
			2021	2020
Staff costs			459,874	439,874
Depreciation			7,092	6,502
Other office	costs		148,037	95,879
Audit costs			9,349	8,092
Finance costs			4,274	1,068
Insurance			1,027	1,188
Legal and professional			1,&57
Light and heat			3,270	7,320
Rates			7,541	2,297
Student costs			(3,935)	48,914
Memberships			83	308
Entertainment			1,059	750
Motor and travel costs			1,350	15,598
Events costs			21,564	27,149
Conferences			19	1,642
Rent and rates			108,000	118,500
(Profit)/loss	on fixed assets		940	(1,800)
Telephone			2„134	1,440
			773,535	774,721

				2021	2020
Wages and	salaries			415,287	376,334
Social security costs				23,901	35,494
Contribution	to defined	contribution	pension schemes	20,686	28,046
				459,874	439,874

2021	2020
No.	No.

2021	2020
No.	No.

	Leasehold	Fixtures and	Computer
	improvements f	fittings f	equipmentf	Totalf
Cost or valuation
At 1 October 2020	9,700	29,585	14,174	53,459
Additions			5,631	5,631
Disposals		(1,353)	(3,951)	(5,304)
At 30September 2021	9,700	28,232	15,854	53,786
Depreciation
At 1 October 2020	4,477	24,195	6,510	35,182
Charge for the year	1,940	1,842	3,310	7,092
On disposais		(1,353)	(3,011)	(4,364)
At 30September 2021	6,417	24,684	6,809	37,910
Net book value
At 30September 2021	3,283	3,548	9,045	15,876
At 30September 2020	5,223	5,390	7,664	18,277
Debtors
			2021f	2020
Due within one year
Trade debtors			1,745	1,881
Other debtors			3,950	4,340
Prepayments and accrued income			7,035	15,574
			12,730	21,795

		2021f	2020
Trade creditors		743	2,316
Other taxation and social security		10,161	9,422
Other creditors			2,084
Accruals and deferred	income	9,614	4,100
		20,518	17,922

Statemen	t o	ffunds	- curren	t year
								Balance at
				Balance at 1				30
				October			Transfers	September
				2020	Income	Expenditure	in/out	2021
					f.
Unrestricted		funds
Designated		funds
Ergodicity	Economics
Research				204,007	265,732	(319,803)		149,936
International		Mathematics
Master					4,281	(16,793)	60,000	47,488
				204,007	270,013	(336,596)	60,000	197,424
General	funds
General	Funds - all		funds	1,385,146	147,508	(436,939)	(60,000)	1,035,715
Total Unrestricted			funds	1,589,153	417,521	(773,535)		1,233,139

Analysis	of n	et assets between funds - current ye	ar
			Unrestricted	Total
			funds	funds
			2021	2021
				E
Tangible	fixed	assets	15,876	15,876
Current	assets		1,237,781	1,237,781
Creditors	due	within one year	(20,518)	(20,518)
Total			1,233,139	1,233,139

17.	Reconciliation of net	Reconciliation of net	Reconciliation of net	Reconciliation of net	movement	movement	in funds	in funds	to	net	cash flow	from operating	from operating	activities
														2021f	2020
	Net income/expenditure				for	the	year	(as		per	Statement	of	Financial
	Activities)													(356,014)	840,074
	Adjustments		for:
	Depreciation		charges											7,092	6,502
	Dividends,	interests and rents				from investments								(29,481)	(20,989)
	Loss/(profit)		on the sale of fixed assets											940	(1,800)
	Decrease	in	debtors											9,065	3,066
	Increase	in creditors												2,596	1,045
	Net cash	provided		by/(used		in) operating			activities					(365,802)	827,898
18.	Analysis	of	cash and		cash equivalents
														2021	2020
															E
	Cash in hand													1,225,051	1,567,003
	Total cash and cash				equivalents									1,225,051	1,567,003
19.	Analysis	of	changes		in net	debt
													At 1		At 30
													October		September
													2020	Cash flows	2021
													f	f	F
	Cash at bank and in			hand								1,567,003		(341,952)	1,225,051
												1,567,003		(341,952)	1,225,051