2021-04-05-accounts - Pain Relief Foundation

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Management and Committees
Legal and Administrative information
Report ofthe Trustees
Pain Relief Foundation Aims and Policies
Chronic Pain
Research and the Institute
Research Accommodation
Management Structure & Governance			13
Risk Management &assessment
Trustee Recruitment			14
Advisory Sub-Committees			15
Grant Making 8 Policies			16
Public Benefit			17
Powers ofInvestment & Investment	Policy		18
Reserves			19
Fundraising Regulator &our fundraising		promise	20
Donation Policy			21 to23
Statement ofTrustee Responsibilities			23
Clinical Section 8 Education			24 to 27
Research Reports			27 to29
Auditor's Report			30to32
Statement ofFinancial Activities			33
Balance Sheet			34
Notes forming part ofthe Financial Statements			36 io43
Detailed statement ofFinancial Activities			44 ~o45

Dr Catherine	Preston 'Visual body illusion fortreatment of	Preston 'Visual body illusion fortreatment of	Preston 'Visual body illusion fortreatment of			L59,997
York			chronic osteoarthritis pain (over 3years)
Dr Andy Marshall			'Defining nocimsponsive BA3a asa target to			L'28,269
Liverpool			treat chmnic pain (Over 12months)
Dr Helen Poole Liverpool			'A feasibility study ofa Behavioural Intervention for Opioid Reduction (BIOR)in primary care. ' (Over 12	Months)		L'29,430
John Moores
Dr Steven Zhao			'Identifying causal risk factors and health conserluences '		of	L24,200
Liverpool			chronic widespread pain using genetic epidemiology.
			(Over 12months)
Dr Vsevolod	Telezhkin 'Development ofnovel in vitro human induced
Newcastle			pluripotent stem cell (hiPSC)-derived sensory-like neuronal model oforofacial neuropathic pain. '			LZ,585
Dr Nick Fallon		Adverse effects ofCOVID-I9-related lockdown on pain,			physical	L3,000
		activity and psychological well-being in people with chronic pain
		(over 6months)
Dr Andy Marshall		Employment ofan Post Doc to the Pain
			Research Institute for3years- cost forper year as
			position reviewed each year			L51,000
DrAndreas	Goebel		Employment ofResearch assistant to the Pain			L55,800
			Institute for3years

						5.4.21	5.4.20
				Unrestricted	Restricted	Total	Total
			Notes	funds	fund 5	funds	fundsf
INCOME AND ENDOWMENTS		FROM
Donations and legacies			3	113,694		113,694	445,186
Other trading activities				5,673		5,673	50,306
Investment income				78,888		78,888	92,171
Total				198,255		198,255	587,663
EXPENDITURE ON
Raising funds
Other trading activities			6	14,398		14,398	14,574
Investment management	costs		7	11,476		11,476	12,063
				25,874		25,874	26,637
Charitable activities
Research				360,297	534	360,831	429,989
Education				8,397		8,397	6,298
Total				394,568	534	395,102	462,924
Net gains/(losses) on investments				415,190		~415 190	~207,304)
NET INCOME/(EXPENDITURE)				218,877	(534)	218,343	(82,565)
RECONCILIATION OF	FUNDS
Total funds brought forward				2,720,433	1,578	2,722,011	2,804,576
TOTAL FUNDS CARRIED FORWARD				2,939,310	1,044	2,940,354	2,722,011

				5.4.21	5.4.20
		Unrestricted	Restricted	Total	Total
	Notes	funds	fund f	funds	funds 2
FIXEDASSETS
Tangible assets	11	84,894	1,602	86,496	59,408
Investments	12	2,805,265		2,805,265	2,371,459
		2,890,159	1,602	2,891,761	2,430,867
CURRENT ASSETS
Stocks	13	776		776	486
Debtors	14	11,433		11,433	9,872
Cash at bank and in hand		83,428		83,428	314,711
		95,637		95,637	325,069
CREDITORS
Amounts falling due within one year	15	(46,486)	(558)	(47,044)	(33,925)
NET CURRENT ASSETS		49,151	~558)	48,593	291,144
TOTAL ASSETS LESSCURRENT	LIABILITIES	2,939,310	1,044	2,940,354	2,722,011
NET ASSETS		2,939,310	1,044	2,940,354	2,722,011
FUNDS	17
Unrestricted funds:
General fund				73,854	314,579
Designated unrestricted				2,865,456	2,405,854
				2,939,310	2,720,433
Restricted funds:
Restricted fund				1,044	1,578
TOTAL FUNDS				2,940,354	2,722,011

				5.4.21	5.4.20
Gifts				43,172	77,165
Gift aided donations				4,446	5,839
Tax recovered	on gift aided donations			1,099	1,465
Legacies				64,977	358,888
Grants					1,700
Sundry income					129
				113,694	445,186
Grants received,		included	in the above, are as follows:
				5.4.21	5.4.20
Travel					1,700
OTHER TRADING ACTIVITIES
				5.4.21	5.4.20
				6	6
Books leaflets	tapes				52
Sponsorships				59	30.455
Meeting fees				5,614	19,799
				5,673	50,306
INVESTMENT	INCOME
				5.4.21	5.4.20
				6
Listed investments				78,888	92,170
Deposit account interest					1
				78,888	92,171
OTHER TRADING ACTIVITIES
				5.4.21	5.4.20
					6
Purchases					363
Staff costs				14,398	14,211
				14,398	14,574

								5.4.21 5	5.4.20 f
Portfolio	management							11,476	12063
CHARITABLE ACTIVITIES COSTS
							Grant
						Direct	funding of	Support
						Costs	activities	costs	Totals
						2	2	2	E
Research						73,416	228,920	58,495	360,831
Education						518		7,879	8,397
						~73 934	228,920	66,374	369,228
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
								5.4.21	5.4.20
								5
Auditors'	remuneration							5,000	5,000
Auditors'	remuneration		for non-audit		work			3,840	3,340
Depreciation - owned assets								16,749	6,630
Other operating		leases						6,475	10,000
TRUSTEES' REMUNERATION				AND	BENEFITS
No trustees' remuneration or other benefits were paid for the year							ended 5April 2021 nor forthe year ended 5Ap
2020.
Trustees'	expenses
There were no trustees'			expenses paid for the year			ended 5April	2021 nor for the	year ended 5April 2020.
TANGIBLE FIXEDASSETS
								Fixtures
						Long	Plant and	and
						leasehold	machinery	fifiings	Totals
								6	5
COST
At 6April	2020					114,302	160,566	324,487	599,355
Additions							43,837		~43837
At 5April	2021					114,302	204,403	324,487	643,192
DEPRECIATION
At 6April 2020 Charge for year						64,990 3,266	154,681 12.430	320,276 ~1053	539,947 16,749
At 5 April	2021					68,256	167,111	~321 329	556,696
NET BOOK VALUE
At 5 April	2021					~46 046	37,292	3,158	86,496
At 5April	2020					49,312	5,885	4,211	59,408

FIXEDA	SSET INVESTMENTS
		Listed
		investments f
MARKET VALUE
At 6April	2020	2,371,459
Additions	at cost	78,502
Disposals at book cost Change in Market Value		(57,203) ~12557
At 5April	2021	2,805,265
NET BOOK VALUE
At 5 April	2021	2,805,265
At 5 April	2020	2,371,452

13.	STOCKS
				5.4.21 f	5.4.20 f
	Finished goods			776	486
14.	DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
				5.4.21	5.4.20
				f
	Tax			1,099	1,465
	Prepayments	and accrued income		10,334	8,407
				11,433	9,872

CREDITORS: AMOUN	TS	FALL	ING DUE WITHIN ONE YEAR
					5.4.21	5.4.20
						E
Bank loans and overdrafts		(see	note 16)		508	508
Social security and other		taxes			159	159
Accruals and deferred	income				~46377	33,258
					47,044	33,925
MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 6.4.20	in funds	funds	5.4.21
			f	6	f	6
Unrestricted funds
General fund Designated unrestricted			314,579 2,405,854	(263,725) 482,602	23,000 ~23,000)	73,854 ~2,865456
			2,720,433	218,877		2,939,310
Restricted funds
Restricted fund			1,578	(534)		1,044
TOTAL FUNDS			2,722,011	218,343		2,940,354
Net movement in funds,	induded		in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources 6	expended 6	losses f	in funds 6
Unrestricted funds
General fund			119,367	(383,092)		(263,725)
Designated unrestricted			78,888	@11,476)	415,190	482,602
			198,255	(394,568)	415,190	218,877
Restricted funds
Restricted fund				(534)		(534)
TOTAL FUNDS			~198255	~395,102)	415,190	218,343

Compar	ati	v	es for movement in fun	ds
					Net	Transfers
					movement	between	AI
				At 6.4.19	in funds	funds	5.4.20
				8	8
Unrestricted			funds
General	fund			40,409	42,670	231,500	314,579
Designated			unrestricted	2,764,551	~127,197)	~231,500)	2,405,854
				2,804,960	(84,527)		2,720,433
Restricted			funds
Restricted		fund		(384)	1,962		1,578
TOTAL	FUNDS

Comparative	net movement in funds,	included in the above are a	s follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		6	8	5	F
Unrestricted	funds
General fund		492,793	(450,123)		42,670
Designated	unrestricted	92,170	~12,063)	(207,304)	~127,197)
		584,963	(462,186)	(207,304)	(84,527)
Restricted	funds
Restricted fund		2,700	(738)		1,962
TOTAL FUNDS		587,663	~462,924)	(207,304)	~82,565)

A current y	ear 12months and prior y	ear 12months combined pos	ition isas follo	ws:
			Net	Transfers
			movement	between	At
		At 6.4.19	in funds	funds	5.4.21
		F	F	F	8
Unrestricted funds
General fund Designated unrestricted		40,409 2,764,551	(221,055) 355,405	254,500 ~254,500	73,854 2,865,456
		2,804,960	134,350		2,939,310
Restricted	funds
Restricted	fund	(384)	1,428		1,044
TOTAL FUNDS		2,804,576	135,778		2,940,354

y p as follows:		n	,	aove a
	Incoming	Resources	Gains and	Movement
	resources f	expended	lasses f	in funds f
Unrestricted funds
General fund	612,160	(833,215)		(221,055)
Designated unrestricted	171,058	~23,539)	207,886	355,405
	783,218	(856,754)	207,886	134,350
Restricted funds
Restricted fund	2,700	(1,272)		1,428
TOTAL FUNDS	785,918	~858,026)	207,886	135,778

		5.4.21 5	5.4.20f
INCOME AND ENDOWMENTS
Donations and legacies
Gifts		43,172	77,165
GIR aided donations		4,446	5,839
Tax recovered on gift aided	donations	1,099	1,465
Legacies		64,977	358,888
Grants			1,700
Sundry income			129
		113,694	445,186
Other trading activities
Books leaflets tapes			52
Sponsorships Meeting fees		59 ~5614	30,455 19,799
		5,673	50,306
Investment income
Listed investments		78,888	92,170
Deposit account interest			1
		78,888	92,171
Total incoming resources		198,255	587,663
EXPENDITURE
Other trading activities
Purchases			363
Wages		13,900	13,700
Social security		350	372
Pensions		148	139
		14,398	14,574
Investment management	costs
Porffolio management		11,476	12,063
Charitable activities
Wages		48,980	47,474
Social security		1,631	1,803
Pensions		1,484	1,390
Student essay costs		75	1,157
Venue &meeting costs		4,353	15,993
Food costs			9,358
Sundry		661	4,762
Depreciation oftangible fixed assets Grants to individuals		16,750 228,920	6,632 277,154
		302,854	365,723

			5.4.21	5.4.20
			5	5
Supportcosts
Management
Other operating leases			6,475	10,000
Rates and water			17,505	17,505
Insurance			2rt22	2,334
Telephone			959	209
Postage and stationery			1,559	3,118
Advertising			4,094	3,549
Sundries			577	577
Travel				2,139
Computer software			955	705
Cmdit card charges			309	315
				40,451
Finance
Bank charges			188
Information technology
Repairs and renewals			6,134	4,655
Governance costs
Wages			15,000	14,200
Social security			412	464
Pensions			594	556
Auditors' remuneration			5,000	5,000
Auditors' remuneration	for	non audit work	3,840	3,340
Postage and stationery			196	360
Legal fees			155	1,484
			~25197	25,404
Total resources expended			~395102	~462 924
Net (expenditure)/income		before gains and
losses			(196,847)	124,739
Realised recognised gains and losses Net inveshnent gains/ (losses)			~2683	~40 372
Net (expenditure)/income			~194164)	~165111

Pain Relief Foundation