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2022-04-30-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 4
Report ofthe Independent
Auditors		 5 to 7
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement 10
Notes to the Cash Flow Statement
Notes tothe Financial Statements 12 to 18

Trustees Mr BClarke
Ms R Hadid
Lord P Palumbo (resigned 8/7/2022)
Professor
H M Kara		 (appointed 28/6/2022)
Sir Peter Cook (appointed 24/2/2023)
Registered office 28Shad Thames
London
SE12YD
Registered company number 08478949 (England and Wales)
Registered charity number 1152943
Auditors Haines Watts
Chartered
Accountants		 and Statutory Auditor
New Derwent House
69-73Theobalds Road
London
WC1X8TA

2022 2021
Unrestricted
funds Total funds
Notes F. E
Income and endowments from
Royalties and levies 3,837,710 2,661,233
Investment income 26,566 14,206
Total 3,864,276 2,675,439
Expenditure on
Other 1,133,137 274,073
NET INCOME 2,?31,139 2,401,366
Reconciliation offunds
Total funds brought forward 10,622,746 8,221,380
Total funds carried forward 13,353,885 10,622,746

2022 2021
Unrestricted
funds Total funds
Notes R R
Fixed assets
Tangible assets 70,638 4,388
Current assets
Stocks 10 47,041 47,041
Debtors 11 275,731 419,582
Cash at bank 13,537,801 10,346,839
13,860,573 10,813,462
Creditors
Amounts
falling due within one year		 12 (577,326) (195,104)
Net current assets 13,283,247 10,618,358
Total assets less current liabilities 13,353,885 10,622,746
NETASSETS 13,353,885 10,622,746
Funds 13
Unresbicted funds 13,353,885 10,622,746
Total funds 13,353,885 10,622,746

2022 2021
Notes R R
Cash flows from operating aclvltles
Cash generated
from operations		 3,260,952 3,728,254
Net cash provided
by operating
actMties		 3,260,952 3,728,254
Cash Rows from Investing activities
Purchase oftangible
fixed assets		 (69,990)
Interest received 6,649
Net cash (used in)/provided by investing activities (69,990) 6,649
Change
In cash and cash		 equivalents in
the reporting
period		 3,190,962 3,734,903
Cash and cash equivalents at the
beginning
ofthe reporting		 period 10,346,839 6,611,936
Cash and cash equivalents at the end of
the reporting
period		 13,537,801 10,346,839

1. Reconciliation ofnet Income to net cash flow from operating activities
2022 2021
R R
Net income for the reporting period (as per the Statement of
Financial Activities) 2,731,139 2,401,366
Adjustments for:
Depreciation charges 3,739 2,140
Interest received (6,649)
Increase in stocks (146)
Decrease in debtors 143,851 1,150,360
Increase in creditors 382,223 181,183
Net cash provided by operations 3,260,952 3,728,254
2. Analysis of changes In net funds
At 1/5/21 Cash flow
R		 At 30/4/22f
Net cash
Cash at bank 10,346,839 3,190,962 13,537,801
10,346,839 3,190,962 13,537,801
Total 10,346,839 3,190,962 13,537,801

Management
2022 2021
Other
resources Total
expended activities
E
Wages 146,878
Social security 18,858
Pensions 1,120
Rates and water 85,347 2,617
Light and heat 28,757 29,365
Telephone 5,856
Postage and stationery 5,217 10,576
Advertising 2,914
Rent 36,671
Depreciation oftangible and heritage assets 3,739 2,140
335,357 44,698
Finance
2022 2021
Other
resources Total
expended activities
E E
Bank charges 234 181
Information technology
2022 2021
Other
resources Total
expended activities
E
Repairs and renewals 37,264
ITsupport costs 31,819 59,221
69,083 59,221
Other
2022 2021
Other
resources Total
expended activities
E E
Insurance 35,631 32,181
Travel expenses 2,897
Legal fees 623,852 14,337
Accountancy fees 9,783 7,044
Legal fees - trademarks 11,782 39,411
683,945 92,973


Other 2
2022 2021
Other
resources Total
expended activities
R R
10,609
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
R
Depredafion -owned assets 3,740 2,140
Auditors' remuneration 6,500 3,500

Staffcosts
2022f 2021
Wages and salaries 146,878
Social security costs 18,858
Other pension costs 1,120
166,856
The average
monthly		 number ofemployees during the year was as follows:
2022 2021
Admin 3

9. Tangible fixed assets Tangible fixed assets
Fixtures
and Computer
fittings
R		 equipment Totalsf
Cost
At 1 May 2021 10,701 10,701
Additions 49,785 20,205 69,990
At 30April 2022 60,486 20,205 80,691
Depreciation
At 1 May 2021 6,313 6,313
Charge for year 2,537 1,203 3,740
At 30April 2022 8,850 1,203 10,053
Net book value
At 30April 2022 51,636 19,002 70,638
At 30April 2021 4,388 4,388
10. Stocks
2022 2021
R
Stocks 47,041 47,041
11. Debtors: amounts falling due within one year
2022 2021
R
Trade debtors 7,260
Prepaymenls
and accrued income		 268,471 419,582
275,731 419,582
12. Creditors: amounts falling due within one year
2022 2021f
Trade creditors 244,593 13,477
Social security and other taxes 12,933
VAT 156,064 149,225
Accrued expenses 163,736 32,402
577,326 195,104

Net
movement
At 1/5/21f In funds At 30/422f
Unrestricted funds
General fund 10,622,746 2,731,139 13,353,885
TOTALFUNDS 10,622,746 2,731,139 13,353,885
Net movement in funds, induded in the above are as follows:
incoming Resources Movement
resources expendedf in fundsf
Unrestricted funds
General fund 3,864,276 (1,133,137) 2,731,139
TOTALFUNDS 3,864,276 (1,133,137) 2,731,139
Comparatlves for movement In funds
Net
movement
At 1/5/20f in fundsf At 30/4/21
Unrestricted funds
General fund 8,221,380 2,401,366 10,622,746
TOTALFUNDS 8,221,380 2,401,366 10,622,746
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expendedf In fundsf
Unrestricted funds
General fund 2,675,439 (274,073) 2,401,366
TOTALFUNDS 2,675,439 (274,073) 2,401,366
A current year 12months and prior year 12months combined position isas follows:
Net
movement
At 1/5/20f in fundsf At 30/422f
Unrestricted funds
General fund 8,221,380 5,132,505 13,353,885
TOTALFUNDS 8,221,380 5,132,505 13,353,885