# # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Section B||Bala|nce|sheet||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||C,)0|||||||||||| ||||0z|||||||||||| ||||‘1)0|||Restricted||||||||| ||||(‘3-e|Unrestricted||income||Endowment||Total this||Total last||| ||||D
(3|funds||funds||funds||year||year||| |||||£||£||£||£||£||| |Fixed assets||||FOl||F02||F03||F04||F05||| |Intangible assets||(Note 15)|B01|||||||||||| |Tangible assets||(Note 14)|802|||||||||||| |Heritage assets||(Note 16)|B03|||||||||||| |Investments||(Note 17)|B04|7,889,868||-|||-|7,889,868||8,332,953||| |||Totalfixedassets|805|7,889,868||-|||-|7,889,868||8,332,953||| |Currentassets||||||||||||||| |Stocks||(Note 18)|806|||||||||||| |Debtors||(Note 19)|B07|166,135||||||166,135||218,180||| |Investments||(Note 17.4)|B08|||||||||||| |Cash at bank and in||hand (Note 24)|B09|||||||||171,783||| ||Totalcurrentassets||BlO|166,135||||||166,135||389,963||| |Creditors: amounts||falling due within||||||||||||| |one year|(Note 20)||811|130,331||-|||-|130,331||155,036||| |Netcurrent||assetsl(liabilities)|B12|35,804|I|-|I||-|I
35,804|I|234,927|I|| |Totalassets|less currentliabilities||B13|• 7,925,672||-|I||-|I 7,925,672||8,567,880|I|| |Creditors: amounts||falling due after||||||||||||| |one year|(Note 20)||814|||||||||||| |Provisions for liabilities|||B15|||||||||||| |Totalnetassets|orliabilities||B16|7,925,672||-|||-|7,925,672||8,567,880||| |Net income/(expenditure)||||||||||||||| |Endowment funds (Note 27)|||817|||||||||||| |Restricted incomefunds (Note 27)|||818|||||||||||| |Unrestricted funds|||819|J 7,925,672||-|||-|7,925,67||8,396,097||| |Revaluation reserve|||B20|||||||||||| |||Totalfunds|821|7,925,672||-|||-|7,925,672||8,396,097||| |Signed by one or twotrustees on behalf of all
the trustees||||Signature||||Print||Name||Date of
approval||| |||||||||||||dd/mm/yyyy||| |||||||||Lord|Chris Smit|||21/05/2(||21| |Settlement of insurance
claims|Insurance claims are only included in the SoFAwhen the general income recognition
criteria are met (5.10 to 5.12 FRS1O2 SORP) and are included as an item of other
income in the SoFA.|Yes
I
I|No|I|N/a
Vt| |---|---|---|---|---|---| |Investmentgains and
losses|This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end ofthe
year.|Yes
IVI|No|I|N/a
I| |2.3 EXPENDITURE|AND LIABILITIES||||| |Liability recognition
Governance and support
cos|Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
Support costs have been allocated between governance coats and other support.
.
-
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.|Yes
IVI
Yes
Iv|No
No|I
I|N/a
I
N/a| ||Support costs include central functions and have been allocated to activity cost|Yes|No||N/a| ||categories on a basis consistent with the use of resources, eg allocating property costs||||| ||by floorareas, or per capita, staff costs by the time spent and other Costa by their usage.||||| |Grants with performance
conditions|Where the charity gives a grantwith conditions for its payment being a specific level of
.
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.|Yes|No||N/a| |Grants payable without
performance conditions|Where there are no conditions attaching to the grant that enables the donor charity to
.
.
.
.
.
realistically avoid the commitment, a liability for the full funding obligation must be
recognised|Yes
IVI|No|I|N/a
I| |||Yes|No||N/a| |Redundancy cost|The charity made no redundancy payments during the reporting period.|I
I||II|| |||Yes|No||N/a| |Deferred income|No material item of deferred income has been included in the accounts.|I
I||I|| |||Yes|No||N/a| |Creditors|The charity has creditors which are measured at settlement amounts less any trade
discounts|lvi||I|I| ||A liability is measured on recognition at its historical costand then subsequently|Yes|No||N/a| |Provisions for liabilities|measured at the best estimate of the amount required to settle the obligation at the
reporting date|I
I||I|VI| |Basic financial
ins rumen S|The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS1O2 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS1O2 SORP.|Yes
lvi|No|I|N/a
I| |2.4 ASSETS|||||| |Tangible fixed assets for|These are capitalised if they can be used for more than one year, and cost at least||||| |use by charity||Yes|No||N/a| ||They are valued at cost.|I
I||I|VI| ||The depreciation rates and methods used are disclosed in note 9.2.||||| |Intangible fixed assets|The charity has intangible fixed assets, that is, non-monetaryassets that do not have
physical substance but are identifiable and are controlled by the charitythrough custody|Yes|No||N/a| ||or legal rights. The amortisation rates and methods used are disclosed in note 9.5||||| |||Yes|No||N/a| ||They are valued at cost.|I||Il|| |Heritage assets|The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and|Yes|No||N/a| ||maintained principally for their contribution to knowledge and culture. The depreciation||||| ||rates and methods used as disclosed in note 9.6.1.4.||||| |||Yes|No||N/a| ||They are valued at cost.|I||I|VI| |Investments|Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.|Yes
lvi|No|I|N/a
I| ||Investments held for resale or pending theirsale and cash and cash equivalents with a|Yes|No||N/a| ||maturity date of teas than
1 year are treated as current asset investments||||V| |Stocks and work in
progress|Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.|Yes
J|No||N/a
V| ||Goods or services provided as part of a charitable activity are measured at net realisable value|Yes|No||N/a| ||based on the service potential provided by items of stock.||||V| |||Yes|No||N/a| ||Work in progress is valued at coat less any foreseeable loss that is likely to occur on the contract.|||I|V| ||Debtors (including trade debtors and loans receivable) are measured on initial recognition at|Yes|No||N/a| |Debtors|settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.|V|||| |Section C|Notes to the|Notes to the|acco|u|nts||||(c|ont)|| |---|---|---|---|---|---|---|---|---|---|---|---| |Note 3|Analysis of income||||||||||| ||||||||Restricted||||| |||||Unreatricted|||income|Endowment|||| ||||||tunds||tunds|funds|Total funds|Prior|year| |||Analysis|||||||£|£|| |Donations|Donations and gifts||||||||||| |and legacies:|Girt Aid||||||||||| ||Legacies||||||||||| ||General grants provided by government/other||||||||||| ||chanties||||||||||| ||Membership subscriptions and sponsorahips||||||||||| ||which are in substance donations||||||||||| ||Donated goods,|facilities and services|||-|-|-|-|-||| ||Other||||-||-|-|-||| ||||Total||-||-|-|-||| |Charitable|||||||||||| |activities:|||||||||||| ||Other||||||-|-|||| ||||Total||-||-|-|-||| |Other trading|||||||||||| |activities:|||||||||||| ||Other||||-||-|-|-||-| ||||Total||-||-|-|-||-| |Net
income/(expe|Llnfereot income
fyidand ir|t|-||223,904
882||-|-|223,g04
882|270,051
1,170|| |nditure)|Rental anc|ng income|||-||-|-|-||-| ||Other||||||||||| ||||Total||224,786||-|-|224,786|271,221|| |Separate
material item
of income:|r||||||||||| |Other:|Conversion ofendowmentfunds into income||||||||||| ||Gain on disposal of a tangible fixed asset held||||||||||| ||forcharity’s own use||||-||-|-|-||-| ||Gain on disposal of a programme related||||||||||| ||investment||||-||-|-|-||-| ||Royalties from the exploitation ofintellectual||||||||||| ||property rights||||-||-|-|-||-| ||Other||||-||-|-|-||-| ||||Total||||||||| |TOTAL INCOME||||I|224,786|I|-||||| |Other Information:|||||||||||| |All Income in the prior year was||unrestricted except for:|||||||||| |(please provide description and amounts(|||||||||||| |Where any endowment fund is converted Into Income In|||the||||||||| |reporting period please give the reason forthe conversion.|||||||||||| |Within the income Items above||the following items are|||||||||| |material: (please disclose the nature, amount and any prior|||||||||||| |year amountsl|||||||||||| ## |Note 6|Analysis ofexpenditure|||||||| |---|---|---|---|---|---|---|---|---| |||||Restricted||||| |||Unrestricted||income|Endowment|||| |||funds||funds|funds|Total funds|Prior|year| ||Analysis|||||£|£|| |Expenditure on|Incurred seeking donations||-|-|-|-||| |raising funds:|Incurred seeking legacies||-|-|-|-||-| ||Incurred seeking grants|||||||| ||Operating membership schemes and|||||||| ||social lotteries|||||||| ||Staging fundraising events|||||||| ||Fudraising agents|||||||| ||Operating charity shops|||||||| ||Operating a trading company|||||||| ||undertaking non-charitable trading|||||||| ||activity|||||||| ||Advertising, marketing, direct mail and|||||||| ||oublicity||-|-|-|-||-| ||Start up costs incurred in generating|||||||| ||new source of future income||-|-|-|-||-| ||Database development costs||-|-|-|-||-| ||Other trading activities|||||||| ||Investment managementcosts:|39,006||-|-|39,006|43,411|| ||Portfolio management costs||-|-|-|-||-| ||Cost of obtaining investment advice|||||||| ||Investment administration costs|||||||| ||Intellectual property licencing costs|||||||| ||Rent collection, property repairs and|||||||| ||maintenance charges||-|-|-|-||-| ||Total expenditure on raising funds|39006||-|-|39,006|43,411|| |Expenditure on|British Fellows in USA|48,066||-|-|48,066|87,084|| |charitable
activities|American Fellows in UK
Independent Examination Fee|73,430
15,498||-|-|73,430
15,498|71,608
2,265|| ||CU fee|7,959||||7,959|10,153|| ||Rail Travel||136|-|-|136||-| ||Bank Charge||6|||6||62| ||Communications||-|||-||120| ||Hospitality/Entertainment/Courtsey|1044||-|-|1,044||966| ||Total expenditure on charitable
activities|146
,|139|-|-|146,139|172,258|| |Separate material||||||||| |item ofexpense||||||||| ||Total||-|-|-|-||-| |Other||||||||| ||||:5||5|5||| ||[________|||||||| ## ## ## ## |Note 10
Details of certain items of expenditure
10.1 Fees for examination of the accounts
Pleaseprovide details ofthe amountpaidforanystatutoryexternalscrutinyof
accounts and otherservicesprovided byyourindependentexaminer, Ifnothing
waspaidplease enter ‘0’in the appropriatebox(es).||| |---|---|---| ||This year|Last year| ||£|£| |Independent examiner’s fees||| ||2298|2,265| |Audit Fee for 2018 and 2019||| ||13,200|| |Tax advisory fees||| |Otherfees (forexample: financial advice, consultancy, accountancy services) paid||| |to the independent examiner||| ## ## ## ## ## |13.1 Analysis ofgrants paid (i|ncluded in cost ofcha|ritabl|e activities)||| |---|---|---|---|---|---| ||Grantsto||Grantsto||| |Analysis|institutions||individuals|Support costs|Total| |Fellowships|||121496|24643|146,139| |Activity or project 2||||-|-| |Activity or project 3||||-|-| |Activity or project 4||||-|-| |Total||-|121,496|24,643|146,139| ## |13.2 Grants made to institutions|13.2 Grants made to institutions|||| |---|---|---|---|---| |Mycharityhas made grants to particularinstitutions that are material in
the contextofits grantmaking. Details ofthe institution supported,
purpose ofthe grantand totalpaid to each institution is available on the||I|No|Pleaseprovide
details ofcharity’s
URL.
Provide details| |charity’s web site.|||No|below| |Names of institution|Purpose|||Total amount of
qrants paid £| |Net income/(expenditure)||||-| |Totalgrants to institutions in reporting period||||| |Otherunanalysedgrants||||| ## ## ||Cash & cash
equivalents|Listed
investments|Listed
investments|Investment
properties|Social
investments|Other|||Total| |---|---|---|---|---|---|---|---|---|---| |Carrying (fair> value at beginning of|190,856||8,142,097|-|-||-||8,332,953| |period|||||||||| |Add: additions to investments during|||4,238,185|-|-||-||4,238,188| |period’|||||||||| |Less: disposals at carrying value|100,890|-4,373,238||-|-||-|-|4,272,348| |Less: realised loss|||||||||| |Less: impairments|||||||||| |Add: Reversal of impairments|||||||||| |Add!(deduct): transfer in/(oul) in the|||||||||| |penod|||||||||| |Addl(deduct): net gain/(loss) on||-|408,925|-|-||-|-|408,925| |revaluation|||||||||| |Carrying (fair) value at end of year|291,746||7,598,122|-|-||-||7,889,868| |‘Please specify additions resulting|from||||||||| |acquisitions through business combinations, if|||||||||| |any.|||||||||| |Analysis of investments|||| |---|---|---|---| ||Fair value at yearend||Cost less impairment| ||£||£| |Cash orcash equivalents||291,746|-| |Net incomel(expenditure)||7,598,122|-| |Investment properties|||| |Social investments|||| |Other investments|||| |Total||7,889,868|-| |Grand total (Fair value at year end+Cost less impairmenti|||| |17.3 Ifyour charity holds investment properties, please|complete the|following|note:| |(i)
Explain the methods and significant|||| |assumptions in determining the fair value of|||| |investment property held by the charity|||| |lii)
Name or independentvaluer, if applicable,|||| |and relevant qualifications|||| |liii)
Provide details of any restrictions on the|||| |ability to realise investment property or on the|||| |remittance of income ordisposal proceeds|||| |liv)
Explain any contractual obligations for the|||| |purchase, construction or development of|||| |investment property orfor repairs, maintenance|||| |or enhancements|||| |17.4 Please provide a breakdown of current asset inve
balance sheet.|stments, if applicable, ag|reeing with the| |---|---|---| |Analysis of current asset|This year|Last year| |investments||| ||£|£| |Cash or cash equivalents||| |Listed investments||| |Investment properties||| |Social investments||| |Other investments||| |Total||| |17.5 Guarantees||| |Please provide details and amount of any||| |guarantee made to or on behalf of a third party||| |Name ofthe entity or entities benefitting from||| |those guarantees||| |Please explain how the guarantee furthers the||| |charity’s aims||| |17.6 Concessionary loans||| |Amount of concessionaryloans made (Multiple||| |loans made may be disclosed in aggregate provided||| |thatsuch aggregation does not obsure significant||| |information>.||| |Amount of concessionary loans received||| |(Multiple loans received maybe disclosed in||| |aggregate provided that such aggregation does not||| |obsure significant information).||| |Terms and conditions eg interest rate, security||| |provided||| |Value of any concessionary loans which have||| |been committed but not taken up at the reporting||| |date||| |Amounts payable within 1 year||| |Amounts payable after more than 1 year||| |Amounts receivable within 1 year||| |Amounts receivable after more than 1 year||| |17.7 Additional information||| ## ## |Note 19
Debtors and prepayments| |---| |Please complete this note ifthe charityhas any| |debtors orprepayments.| |19.1
Analysis of debtors| |This year|Lastyear| |---|---| |£|£| |24,581|46,397| |141,554|171,783| |166,135|218,180| |ove)|| |---|---| |This year|Last year| |£|£| ## ## ## |20.1 Analysis ofcreditors|||||| |---|---|---|---|---|---| |||Amounts|falling due|Amounts falling due after|| |||within|one year|more than|one year| |||This year|Last year|This year|Last year| |||£|£|£|£| |Accruals forgrants payable||111458|149,419|-|-| |Bank loans and overdrafts|||||| |Trade creditors|||||| |Payments received on accountforcontracts or|||||| |performance-related grants|||||| |Accruals and deferred income||18,873|5,617|-|-| |Taxation and social security|||||| |Other creditors|||||| ||Total|130,331|155,036|-|-| ## |Movement in deferred income account|This year|Last year| |---|---|---| |Net income/(expenciiture)|£|£| |Balance at the start ofthe reporting period||| |Amounts added in current period||| |Amounts released to income from previous periods||| |Balance at the end ofthe reporting period||| ## ## ## ## ## |Section C
Notes to the accounts
(con|Note 27
Charityfunds|27.1 Details of material funds held and movements during the CURRENT reporting period|Please give details ofthe movements ofmaterialindividualfunds in the reportingperiodtogetherwith a balancing figure for ‘Otherfunds The Totalfunds’figure|belowshouldreconcile to ‘Totalfunds’in the blanace sheet.|*Key: PE -permanentendowmentfunds; EE - expendible endowmentfunds; R - restrictedincome funds, includingspecialtrusts, ofthe charity; and U - unrestricted|funds
Fund
Fund|balances
balances|Type PE, EE
Purpose and Restrictions
brought
Gains and
carried
R or UR
forward
Income
Expenditure
Transfers
losses
forward|Fundnames
£
£
£
£
£
£|Unrestricted fund
UR
Transfer fellowships across the UK and US
8,396,097
224,786
-
185,145
-
-
510,066
7,925,672|Otherfunds
N/a
N/a
-
-
-
-
-
-|Total Funds
8,396,097
224,786
-
185,145
-
510,066
7,925,672| |---|---|---|---|---|---|---|---|---|---|---|---|---| ## ## |ion or|ot|her benefits p|aid to a trustee bythe charit|yoranyinstituti|on orcomp|anyconnected|with it.|| |---|---|---|---|---|---|---|---|---| ||||||Amounts|paid or benefit|value|| ||||||This year|||Last year| |Name|of|trustee|Legal authority )eg
order, governing
document)|Remuneration|Pension
contribubon|Redundancy
(including
toss of
office(/ex|Other|TOTAL| |||||||Oratia||| |||||£|£||£|£| ## |
note. Ifthere areno transactions to report, please enter “True”
enter “False”.|
note. Ifthere areno transactions to report, please enter “True”
enter “False”.|in the boxbelow.|Ifthere are trans|actions t|o report,pleas|e| |---|---|---|---|---|---|---| |No trustee expenses have been incurred (True or False)|||||FALSE|| ||||This year||Last year|| ||Net incomel(expenditure)||£||£|| |Travel||||136||173| |Subsistence||||||| |Accommodation||||||| |Other (please specify):||||||| |||TOTAL||136||173| |Please provide the number of trustees reimbursed for|||2|||| |expenses or who had|expenses paid by the charity|||||| ## ## ##