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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|||10|
|Management
Structure
& Governance||||
|Risk Management
&assessment|||12|
|Trustee Recruitment|||12|
|Advisory Sub-Committees||||
|Grant Making &Policies|||14|
|Public Benefit|||15|
|Powers ofInvestment
& Investment|Policy||16|
|Reserves|||17|
|Fundraising
Regulator &our fundraising||promise|18|
|Donation Policy|||20 to21|
|Statement ofTrustee Responsibilities|||22|
|Clinical Section &Education|||23to 25|
|Research Reports|||25 to 28|
|Audi tor*s Report|||29ro 33|
|Statement ofFinancial Activities|||34|
|Balance Sheet|||35~o36|
|Notes forming part ofthe Financial Statements|||37ia 44|
|Detailed statement ofFinancial Activities|||45 ro46|
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|||||||||5.4.22|5.4.21|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||Total|Total|
||||||funds|fund||funds|funds|
|||||Notes||8||6|2|
|INCOME AND ENDOWMENTS|||FROM|||||||
|Donations
and legacies||||3|159,392|25,000||184,392|113,694|
|Other trading
activities
Investment
income||||4
5|4,254
89,475|||4,254
~89475|5,874
78,887|
|Total|||||253,121|25,000||278,121|198,255|
|EXPENDITURE ON||||||||||
|Raising funds||||||||||
|Other trading
activities||||6|14,677|||14,677|14,398|
|Investment
management||costs||7|12,469|||12/69|11,476|
||||||27,146|||27,146|25,874|
|Charitable
activities||||8||||||
|Research|||||412,687||401|413,088|380,831|
|Education|||||5,759|||5,759|8,397|
|Total|||||445,592||401|445,993|395,102|
|Net gains on investments|||||254,619|||254,619|415,190|
|NET INCOME|||||62,148|24,599||86,747|218,343|
|RECONCILIATION
OF||FUNDS||||||||
|Total funds brought|forward||||2,939,310|1,044||2,940,354|2,722,01I|
|TOTAL FUNDS CARRIED FORWARD|||||~3,001458|~25|643|~3027101|2,940,354|
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|||||5A.22|5.4.21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||Notes|5|6|8|2|
|RXEDASSETS||||||
|Tangible assets|11|71,916|1,201|73,117|86,496|
|Investments|12|~2949283||~2949283|2,805,265|
|||3,021,199|1,201|3,022,400|2,891,761|
|CURRENT ASSETS||||||
|Stocks|13|700||700|776|
|Debtors
Cash at bank and in hand|14|9,558
~20799|~24 492|9,558
~45291|11,433
63428|
|||31,057|24,492|55,549|95,637|
|CREDITORS||||||
|Amounts
falling due within one year|15|(50,798)|(50)|(50,848)|(47,044)|
|NET CURRENT ASSETS||~19741)|~24442|4,701|46,593|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|3,001,458|25,643|3,027,101|2,940,354|
|NETASSETS||3,001,458|25,643|3,027,101|2,940,354|
|FUNDS|17|||||
|Unrestricted
funds:||||||
|General fund||||31,380|73,654|
|Designated
unrestricted||||~2970078|~2865,456|
|||||3,001,458|2,939,310|
|Restricted funds:||||||
|Restricted
fund||||25,643|1,044|
|TOTALFUNDS||||~3027 101|2940 354|
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##
|The designated
fund represents|sums set|sums set|aside,|out of unrestricted|out of unrestricted|funds, to meet the ongoing cosh|ofthe chair|
|---|---|---|---|---|---|---|---|
|ofProfessor ofPain.||||||||
|||||||2022|2021|
|Investment
income:||||||6|6|
|Interest received||||||2,908|2,849|
|Dividends||||||86,564|76,039|
|Realised gains on investments|sold|||||100,175|2,683|
|Unrealised
gain on revaluing
investments|||to market||value|||
|Total designated
income||||||1S9,647|81,571|
|Less:||||||||
|Realised loss on sale of investments||||||||
|Unrealised
proW(loss) on revaluing||investments||to|market value|154,444|412,507|
|||||||(12,469)|(11,475)|
|Expenditure
out ofdesignated
funds
Transfer of net expenditure
to General Fund||||||~227000|~23000|
|Net designated
(expenditure)/income||||||104,622|459,602|
|ACCOUNTING
POLICIES||||||||
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##
|||||5.4.22|5.4.21|
|---|---|---|---|---|---|
|||||6||
||Gifts|||89,086|43,172|
||Gift aided donations|||29,047|4,446|
||Tax recovered|on gift aided donations||7,262|1,099|
||Legacies|||58,530|64,977|
||Sundry income|||467||
|||||~184 392|113,694|
|4.|OTHER TRADING ACTIVITIES|||||
|||||5.4.22|5.4.21|
|||||6||
||Books leaflets|tapes||145||
||Sponsorships|||100|60|
||Meeting fees|||~4009|5,614|
|||||4,254|5,674|
|5.|INVESTMENT|INCOME||||
|||||5.4.22|5.4.21|
|||||K||
||Rents received|||2|(I)|
||Listed invesbnents|||~89473|78,888|
|||||89,475|78,887|
|6.|OTHER TRADING ACTIVITIES|||||
|||||5.4.22|5.4.21|
||||||6|
||Purchases|||76||
||Staff costs|||14,601|14398|
|||||14,677|14,398|
|7.|INVESTMENT|MANAGEMENT|COSTS|||
|||||5.4.22|5.4.21|
||Porffolio management|||~12 469|11,476|
##
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||||||Grant|||
|---|---|---|---|---|---|---|---|
||||Direct||funding of|Support||
||||Costs
2||activities
2|costs
f|Totals
2|
|Reseamh
Education|||68,255
487||282,658|62,175
~5272|413,088
~5759|
||||~68|742|~282 658|~67447|~418847|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)|||isstated afier charging/(crediting):|||||
|||||||5.4.22|5.4.21|
|||||||6||
|Auditors'|remuneration|||||5,000|5,000|
|Auditors'|remuneration||for non audit work|||3,340|3,640|
|Depreciation -||owned assets||||13,379|16,749|
|Other operating||leases||||3,975|6,475|
|Surplus on disposal of|||fixed assets|||~1186)||
##
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##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Fixtures||
||Long|Plant and|and||
||leasehold|machinery|fittings|Totals|
||||E|2|
|COST|||||
|At6April 2021 and 5April 2022|114,302|204/$3|324,487|~643 192|
|DEPRECIATION|||||
|At 5 April 2021|68,256|167,111|321,329|556,696|
|Charge for year|3,265|9,324|790|13,379|
|At 5 April 2022|~71 521|~176 35|~322119|~570075|
|NET BOOK VALUE|||||
|At 5 April 2022|~42 781|~27 968|~2368|~73117|
|At 5 April 2021|46,045|37,292|3158|85496|
##
|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At6 April 2021|2,805,265|
|Additions atcost|222,186|
|Disposals at book cost|(232,612)|
|Revaluations|154,444|
|At 5April 2022|~2949,283|
|NET BOOK VALUE||
|At 5April 2022|2,949.283|
|At 5 April 2021|2,805,255|
##
|||||||Listed|
|---|---|---|---|---|---|---|
|||||||investments|
|||||||E|
||Valuation|in|2022|||154,444|
||Cost|||||~2794 839|
|||||||~2949,283|
|13.|STOCKS||||||
||||||5.4.22|5.4.21|
|||||||E|
||Finished goods||||700|775|
|14.|DEBTORS:||AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||||5.4.22
f|5.4.21
E|
||Tax||||7,262|1,099|
||Prepayments||and accrued income||2,296|10,334|
||||||9,558|11,433|
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|CREDITORS:|AMOUN|TS|FALL|ING DUE WITHIN|ONE YEAR||||
|---|---|---|---|---|---|---|---|---|
||||||||5.4.22|5.4.21|
||||||||f|E|
|Bank loans and|overdrafls||(see|note 16)|||11,493|508|
|Social security|and other||taxes||||123|159|
|Accruals and deferred||income|||||~39232|45,377|
||||||||~50 848|47,044|
|LOANS|||||||||
|An analysis ofthe maturity|||ofloans is given below:||||||
||||||||5.4.22|5.4.21|
|Amounts
falling|due within||one year on demand:||||||
|Bank overdrafts|||||||~11 493|508|
|MOVEMENT
IN FUNDS|||||||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At6.4.21
8|in funds
f|funds
8|5.4.22
E|
|Unrestricted
funds|||||||||
|General fund
Designated
unrestricted||||73,854
~2865
6||(269,474)
~331622|227,000
~227 000)|31,380
~2970078|
||||||2,939,310|62,148||3,001,458|
|Restricted funds|||||||||
|Restricted
fund|||||1,044|24,599||25,643|
|TOTALFUNDS||||~2940354||~86747||~3027101|
|Net movement|in funds,|included||in the above are|as follows:||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources
E|expended
5|losses
f|in funds
8|
|Unrestricted
funds|||||||||
|General fund|||||163,649|(433,123)||(269,474)|
|Designated
unrestricted|||||89,472|~12469)|254,619|331,622|
||||||253,121|(445,592)|254,619|62,148|
|Restricted funds|||||||||
|Restricted fund|||||25,000|(401)||24,599|
|TOTAL FUNDS|||||~278 121|~445993)|~254 619|~86 747|
##
##
##
##
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 6.4.20
f|in funds
f|funds
f|5.4.21
f|
|Unrestricted
funds|||||
|General fund
Designated
unrestricted|314,579
2,405,854|(263,725)
482,602|23,000
~23,000)|73,854
2,865,456|
||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|
|Comparativ|e
net movement
in funds,|included
in the above are a|s follows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources
f|expended
f|losses
f|in funds
f|
|Unrestricted
funds||||||
|General
fund||119,367|(383,092)||(263,725)|
|Designated|unrestricted|78,888|~tt,476)|415,190|482,602|
|||198,255|(394,568)|415,190|218,877|
|Restricted|funds|||||
|Restricted|fund||(534)||(534)|
|TOTAL FUNDS||198,255|(395,102)|415,190|218,343|
|A current y|e|ar 12months and prior y|ear 12months combined
po|sition isas follo|ws:||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 6.4.20
f|in funds
f|funds
f|5.4.22
f|
|Unrestricted||funds|||||
|General fund|||314,579|(533,199)|250,000|31,380|
|Designated||unrestricted|2,405,854|814,224|~250,000)|~2970,078|
||||2,720,433|281,025||3,001,458|
|Restricted||funds|||||
|Restricted|fund||1,578|24,065||25,643|
|TOTAL FUNDS|||2,722,011|305,090||3,027,101|
##
##
##
|||||5.4.22|5.4.21|
|---|---|---|---|---|---|
|||||E|E|
|INCOME AND|ENDOWMENTS|||||
|Donations
and|legacies|||||
|Gifts||||89,086|43,172|
|Gift aided donations||||29,047|4,446|
|Tax recovered|on gift aided||donations|7,262|1,099|
|Legacies||||58,530|64,977|
|Sundry
income||||467||
|||||184,392|113,694|
|Other trading activities||||||
|Books leaflets tapes||||146||
|Sponsorships||||100|60|
|Meeting fees||||4,009|5,614|
|||||4,254|5,674|
|Investment
income||||||
|Rents received||||2|it)|
|Listed investments||||~89473|78,888|
|||||89,475|78,887|
|Total incoming|resources|||278,121|198,255|
|EXPENDITURE||||||
|Other trading activities||||||
|Purchases||||76||
|Wages||||14,100|13,900|
|Social security||||343|350|
|Pensions||||158|148|
|||||14,677|14,398|
|Investment
management|||costs|||
|Portfolio inanagement||||12A69|11,476|
|Charitable
activities||||||
|Wages||||50,675|48,980|
|Social security||||1,543|1,631|
|Pensions||||1,584|1,484|
|Student essay costs|||||75|
|venue &meeting costs||||2,468|4,353|
|Sundry||||278|661|
|Depreciation
of|tangible|lixed assets||13,380|16,750|
|Loss on sale of|tangible|lixed assets||(t,186)||
|Grants to individuals||||282,658|228,920|
|||||351,400|302,854|
##
||||5.4.22|5.4.21|
|---|---|---|---|---|
||||E|5|
|Support costs|||||
|Management|||||
|Other operating
leases|||3,975|5,475|
|Rates and water|||17,54S|17,505|
|Insurance|||2,571|2,422|
|Telephone|||1,047|959|
|Postage and stationery|||1,791|1,559|
|Advertising|||7,611|4,094|
|Sundries|||235|577|
|Travel|||501||
|Computer
software|||1,352|955|
|Credit card charges|||261|309|
||||36,892|34,855|
|Finance|||||
|Bank charges|||150|188|
|Information
technology|||||
|Repairs and renewals|||5,056|8,134|
|Governance costs|||||
|Wages|||15,800|15,000|
|Social security|||370|412|
|Pensions|||634|594|
|Auditors'
remuneration|||5,000|5,000|
|Auditors'
remuneration||for non audit work|3,340|3,840|
|Postage and stationery|||205|195|
|Legalfees||||155|
||||25,349|25,197|
|Total resources expended|||445,993|395,102|
|Net expenditure
before||gains and lasses|(167,872)|(198,847)|
|Realised recagnised|gains and losses||||
|Net investment
gains/|(losses)||~100175|2,883|
|Net expenditure|||~67697)|~194184)|
Pain Rellef Foundation