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|---|---|---|---|---|
|Reference and administrative||details ofthe Company,|its Trustees and advisers||
|Trustees'<br>report||||2-4|
|Trustees' responsibilities<br>statement|||||
|Independent<br>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|





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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2022<br>f.|2022|2022f|2021|
|Income from:||||||||
|Donations<br>and|legacies|||401,147|2,350,000|2,751,147|269,350|
|Charitable<br>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<br>on:||||||||
|Charitable<br>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|





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|||||||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<br>funds||||14||2,330,417|||
|Unrestricted|funds|||14||1,218,675||1,233,139|
|Total funds||||||3,549,092||1,233,139|





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||||2022|2021|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net cash used<br>in operating|activities||2,271,811|(365,802)|
|Cash flows from investing|activities||||
|Dividends,<br>interests<br>and rents from investments|||6,986|29,481|
|Purchase/donation<br>oftangible<br>fixed assets|||(2,352,470)|(5,631)|
|Net cash (used in)/provided<br>by investing||activities|(2,345,484)|23,850|
|Cash flows from financing|activities||||
|Net cash provided<br>by financing<br>activities|||||
|Change<br>in cash and cash|equivalents<br>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|





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|||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||



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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
||||E||
|Donated|facility|63,000|63,000|108,000|
|Total 2021||108,000|108,000||





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||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||



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|||Activities|||
|---|---|---|---|---|
|||undertaken|Total|Total|
|||directly|funds|funds|
|||2022f|2022|2021|
|Charitable|expenditure|581,719|581,719|773,535|
|Total 2021||773,535|773,535||



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|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|



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|2022|2021|
|---|---|
|No.|No.|



|2022|2021|
|---|---|
|No.|No.|



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||Freehold|Leasehold|Fixtures and|Computer||
|---|---|---|---|---|---|
||property<br>f|improvements|fittings<br>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|





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|Tangible fixed a|ssets (con|tinued)||||||
|---|---|---|---|---|---|---|---|
|||||Leasehold||||
|||Freehold||improvemen|Fixtures and|Computer||
|||property|f|ts<br>f|fittings<br>f|equipment<br>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|



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|||||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|





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|Statement o|ffunds|- curren|t year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at 1||||30|
||||October|||Transfers|September|
||||2021<br>E|Income<br>F|Expenditure|in/out<br>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|



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|Restricted funds|||||
|---|---|---|---|---|
|8 Margravine<br>Gardens||2,350,000|(19,583)|2,330,417|
|Total offunds|1,233,139|2,897,672|(581,719)|3,549,092|





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|Summary|offunds - cur|rent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||30|
|||October|||Transfers|September|
|||2021<br>F|Income<br>f|Expenditure<br>E|in/out<br>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|



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|Analysis|of n|et asse|ts|between<br>funds - cur|rent year|||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||||||2022|2022<br>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|





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|||||||||||||||2022|2021f|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Net<br>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,<br>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<br>in hand|||||||||||||1,151,378|1,225,051|
|19.|Analysis of|changes||in|net debt|||||||||||
||||||||||||||At 1||At 30|
||||||||||||||October||September|
||||||||||||||f<br>2021|Cash flows|2022f|
||Cash at bank|and<br>in||hand||||||||1,225,051||(73,673)|1,151,378|