| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Company, | its Trustees and advisers | ||
| Trustees' report |
2-4 | |||
| Trustees' responsibilities statement |
||||
| Independent auditors' |
report | on the financial statements | 6-8 | |
| Statement offinancial | activities | |||
| Balance sheet | 10-11 | |||
| Statement ofcash flows | 12 | |||
| Notes to the financial | statements | 13-23 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022 f. |
2022 | 2022f | 2021 | |||
| Income from: | |||||||
| Donations and |
legacies | 401,147 | 2,350,000 | 2,751,147 | 269,350 | ||
| Charitable activities |
63,000 | 63,000 | 108,000 | ||||
| Investments | 6,986 | 6,986 | 29,481 | ||||
| Other income | 76,539 | 76,539 | 10,690 | ||||
| Total income | 547,672 | 2,350,000 | 2,897,672 | 417,521 | |||
| Expenditure on: |
|||||||
| Charitable activities |
562,136 | 19,583 | 581,719 | 773,535 | |||
| Total expenditure | 562,136 | 19,583 | 581,719 | 773,535 | |||
| Net movement | in funds | (14,464) | 2,330,417 | 2,315,953 | (356,014) | ||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 1,233,139 | 1,233,139 | 1,589,153 | |||
| Net movement | in funds | (14,464) | 2,330,417 | 2,315,953 | (356,014) | ||
| Total funds carried | forward | 1,218,675 | 2,330,417 | 3,549,092 | 1,233,139 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | F | E | ||||||
| Fixed assets | ||||||||
| Tangible assets | 2,340,132 | 15,876 | ||||||
| Current assets | ||||||||
| Debtors | 12 | 76,809 | 12,730 | |||||
| Cash at bank | and | in | hand | 1,151,378 | 1,225,051 | |||
| 1,228,187 | 1,237,781 | |||||||
| Creditors: amounts | falling due within one | |||||||
| year | 13 | (19,227) | (20,518) | |||||
| Net current | assets | 1,208,960 | 1,217,263 | |||||
| Total assets | less | current liabilities | 3,549,092 | 1,233,139 | ||||
| Total net assets | 3,549,092 | 1,233,139 | ||||||
| Charity funds | ||||||||
| Restricted funds |
14 | 2,330,417 | ||||||
| Unrestricted | funds | 14 | 1,218,675 | 1,233,139 | ||||
| Total funds | 3,549,092 | 1,233,139 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Cash flows from operating | activities | |||
| Net cash used in operating |
activities | 2,271,811 | (365,802) | |
| Cash flows from investing | activities | |||
| Dividends, interests and rents from investments |
6,986 | 29,481 | ||
| Purchase/donation oftangible fixed assets |
(2,352,470) | (5,631) | ||
| Net cash (used in)/provided by investing |
activities | (2,345,484) | 23,850 | |
| Cash flows from financing | activities | |||
| Net cash provided by financing activities |
||||
| Change in cash and cash |
equivalents in |
the year | (73,673) | (341,952) |
| Cash and cash equivalents | at the beginning | ofthe year | 1,225,051 | 1,567,003 |
| Cash and cash equivalents | at the end of | the year | 1,151,378 | 1,225,051 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022f | 2022f | 2021 | ||
| Donations | and gifts | 401,147 | 2,350,000 | 2,751,147 | 269,350 |
| Total 2021 | 269,350 | 269,350 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| E | ||||
| Donated | facility | 63,000 | 63,000 | 108,000 |
| Total 2021 | 108,000 | 108,000 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| Rental income | 4,633 | 4,633 | 27,231 |
| Interest receivable | 2,353 | 2,353 | 2,250 |
| 6,986 | 6,986 | 29,481 | |
| Total 2021 | 29,481 | 29,481 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total | Total | ||
| directly | funds | funds | ||
| 2022f | 2022 | 2021 | ||
| Charitable | expenditure | 581,719 | 581,719 | 773,535 |
| Total 2021 | 773,535 | 773,535 |
| Analysis of | direct cos | ts (continue | d) | ||
|---|---|---|---|---|---|
| Total | Total | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| E | |||||
| Staff costs | 380,181 | 459,874 | |||
| Depreciation | 26,472 | 7,092 | |||
| Other office costs | 85,780 | 148,037 | |||
| Audit costs | 9,135 | 9,349 | |||
| Finance costs | (7,919) | 4,274 | |||
| Insurance | 837 | 1,027 | |||
| Legal and professional | 9,738 | 1,857 | |||
| Light and heat | 1,815 | 3,270 | |||
| Rates | 5,227 | 7,541 | |||
| Student costs | (3,935) | ||||
| Memberships | 83 | ||||
| Entertainment | 700 | 1,059 | |||
| Motor and travel costs | 3,884 | 1,350 | |||
| Events costs | 250 | 21,564 | |||
| Conferences | 19 | ||||
| Rent and rates | 63,000 | 108,000 | |||
| Loss on fixed | assets | 1,742 | 940 | ||
| Telephone | 877 | 2,134 | |||
| 581,719 | 773,535 | ||||
| Staff costs | |||||
| 2022 | 2021 | ||||
| f: | E | ||||
| Wages and salaries | 343,929 | 415,287 | |||
| Social security costs | 17,068 | 23,901 | |||
| Contribution | to defined | contribution | pension schemes | 19,184 | 20,686 |
| 380,181 | 459,874 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| 2022 | 2021 |
|---|---|
| No. | No. |
| Freehold | Leasehold | Fixtures and | Computer | ||
|---|---|---|---|---|---|
| property f |
improvements | fittings F |
equipment | Totalf | |
| Cost or valuation | |||||
| At 1 October 2021 | 9,700 | 28,232 | 15,854 | 53,786 | |
| Additions | 2,350,000 | 445 | 2,025 | 2,352,470 | |
| Disposals | (10,868) | (4,873) | (15,741) | ||
| At 30September 2022 | 2,350,000 | 9,700 | 17,809 | 13,006 | 2,390,515 |
| Tangible fixed a | ssets (con | tinued) | |||||
|---|---|---|---|---|---|---|---|
| Leasehold | |||||||
| Freehold | improvemen | Fixtures and | Computer | ||||
| property | f | ts f |
fittings f |
equipment F |
Total | ||
| Depreciation | |||||||
| At 1 October 2021 | 6,417 | 24,684 | 6,809 | 37,910 | |||
| Charge for the year | 19,583 | 1,940 | 1,781 | 3,168 | 26,472 | ||
| On disposals | (10,626) | (3,373) | (13,999) | ||||
| At 30September | 2022 | 19,583 | 8,357 | 15,839 | 6,604 | 50,383 | |
| Net book value | |||||||
| At 30September | 2022 | 2,330,417 | 1,343 | 1,970 | 6,402 | 2,340,132 | |
| At 30September | 2021 | 3,283 | 3,548 | 9,045 | 15,876 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| f. | |||||
| Due within one year | |||||
| Trade debtors | 1,745 | ||||
| Other debtors | 69,774 | 3,950 | |||
| Prepayments | and accrued income | 7,035 | 7,035 | ||
| 76,809 | 12,730 | ||||
| 13. | Creditors: Amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| F | |||||
| Trade creditors | 1,362 | 743 | |||
| Other taxation | and social security | 8,251 | 10,161 | ||
| Accruals and | deferred | income | 9,614 | 9,614 | |
| 19,227 | 20,518 |
| Statement o | ffunds | - curren | t year | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at 1 | 30 | ||||||
| October | Transfers | September | |||||
| 2021 E |
Income F |
Expenditure | in/out f |
2022 | |||
| Unrestricted | funds | ||||||
| Designated | funds | ||||||
| Ergodicity Economics | |||||||
| Research | 149,936 | 407,282 | (226,020) | 331,198 | |||
| International | Mathematics | ||||||
| Master | 47,488 | 1,003 | (25,264) | 23,227 | |||
| Novo Nordisk | Foundation | 69,257 | (65,285) | (3,972) | |||
| 197,424 | 477,542 | (316,569) | (3,972) | 354,425 | |||
| General funds | |||||||
| General Funds - all | funds | 1,035,715 | 70,130 | (245,567) | 3,972 | 864,250 | |
| Total Unrestricted | funds | 1,233,139 | 547,672 | (562,136) | 1,218,675 |
| Restricted funds | ||||
|---|---|---|---|---|
| 8 Margravine Gardens |
2,350,000 | (19,583) | 2,330,417 | |
| Total offunds | 1,233,139 | 2,897,672 | (581,719) | 3,549,092 |
| Summary | offunds - cur | rent year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 30 | |||||
| October | Transfers | September | ||||
| 2021 F |
Income f |
Expenditure E |
in/out f. |
2022f | ||
| Designated | funds | 197,424 | 477,542 | (316,569) | (3,972) | 354,425 |
| General funds | 1,035,715 | 70,130 | (245,567) | 3,972 | 864,250 | |
| Restricted | funds | 2,350,000 | (19,583) | 2,330,417 | ||
| 1,233,139 | 2,897,672 | (581,719) | 3,549,092 |
| Analysis | of n | et asse | ts | between funds - cur |
rent year | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2022 | 2022 E |
2022f | |||||
| Tangible | fixed | assets | 9,715 | 2,330,417 | 2,340,132 | ||
| Current | assets | 1,228,187 | 1,228,187 | ||||
| Creditors | due | within | one | year | (19,227) | (19,227) | |
| Total | 1,218,675 | 2,330,417 | 3,549,092 |
| 2022 | 2021f | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | |||||||
| Activities) | 2,315,953 | (356,014) | |||||||||||||
| Adjustments | for: | ||||||||||||||
| Depreciation | charges | 26,472 | 7,092 | ||||||||||||
| Dividends, interests |
and | rents | from | investments | (6,986) | (29,481) | |||||||||
| Loss on the | sale of | fixed | assets | 1,742 | 940 | ||||||||||
| (Increase)/decrease | in debtors | (64,079) | 9,065 | ||||||||||||
| (Decrease)/increase | in creditors | (1,291) | 2,596 | ||||||||||||
| Net cash provided | by/(used | in) operating | activities | 2,271,811 | (365,802) | ||||||||||
| 18. | Analysis of | cash and cash equivalents | |||||||||||||
| 2022 | 2021f | ||||||||||||||
| Cash in hand |
1,151,378 | 1,225,051 | |||||||||||||
| 19. | Analysis of | changes | in | net debt | |||||||||||
| At 1 | At 30 | ||||||||||||||
| October | September | ||||||||||||||
| f 2021 |
Cash flows | 2022f | |||||||||||||
| Cash at bank | and in |
hand | 1,225,051 | (73,673) | 1,151,378 |