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