Trustees’ Annual Report (TAR)
and
Accounts (Unaudited Financial Statements)
for the financial Year 2022 01[st] January 2022 until 31[st] December 2022
for
Uranium Medical Research Institute (UMRI)
www.UMRI.link
CIO Charity Reg. no.: 1165517 England and Wales, UK
1
Contents
| Pages | |
|---|---|
| I. Trustees’ Annual Report (TAR) | 3-4 |
| II. Statement of Financial Activities | 5 |
| III. Balance Sheet | 6-7 |
| IV. Notes to the Financial Statements | 8-9 |
| V. Detailed Statement of Financial Activities | 10 |
2
Uranium Medical Research Institute (UMRI)
I. Trustees’ Report for the Year Ended 31 December 2022
The trustees for the charity UMRI for the purposes of the legal requirements of Charities Commission UK, present their report with the financial statements of the CIO charity UMRI for the year ended 31[st] December 2022. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity number
1165517 (England and Wales)
Registered office address
5 All Saints Road London W11 1HA UK
Trustees
Prof. Dr Zijad Durakovic Professor and Medical Doctor (MD), FACP, PhD. Mr. Frank Klimaschewski Teacher and Researcher, MSc, PhD candidate Mrs Fiona Campkin Psychotherapist, M.A., UKCP Mr. Hilal Carter Physiotherapist, M.Sc.
Reporting Trustee Frank Klimaschewski
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its CIO governing document, as defined by Charities Commission UK.
Recruitment and appointment of new trustees
New directors are appointed at the Annual General Meeting (AGM).
Risk management
The trustees have a duty to identify and review the risks to which the charitable company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the “Uranium Medical Research Institute” (UMRI) are the advancement of education for the public benefit on the effects of uranium and transuranic elements on humans and the biosphere by conducting and publishing independent, objective and expert scientific and medical research on the subject. This is partly carried out through the commissioning of research programmes, the results of which would be made available to the public.
3
Uranium Medical Research Institute (UMRI)
(I.) Trustees’ Report – continued for the Year Ended 31 December 2022
OBJECTIVES AND ACTIVITIES
Significant activities
During this year raising of funds was a key priority which may show its effects in 2023. The trustees decided that they would use this year to focus collaborations with other partners in the field of scientific research.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main charitable activity this year 2022 were laboratory networking, public and private fundraising and conferences.
FINANCIAL REVIEW
Reserves policy
All surplus is retained in the charity for its activities. No special reserves have as yet been created for specific purposes.
Funds in deficit
There are no funds in deficit for the current year. This will be monitored monthly to ensure no overspend.
Principal funding sources
The main source of funding is through voluntary contributions and researchers paying for their own travels and conferences. This year one mayor fundraising activity was started online and is posted as a link on the charity’s website.
ON BEHALF OF THE BOARD:
................................................... Frank Klimaschewski - Director
Date: 20/10/2023
4
Uranium Medical Research Institute (UMRI)
II.
Statement of Financial Activities for the Year Ended 31st December 2022
| 31.12.22 | 31.12.22 | 31.31.21 | ||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| Notes | £ | £ | ||
| INCOMING RESOURCES | ||||
| Incoming resources from generated | ||||
| funds | ||||
| Voluntary income | +81 | 0 | ||
| RESOURCES EXPENDED | ||||
| a) Charitable activities | ||||
| Conference visits | 0 | 0 | ||
| (no expenses for the charity as | ||||
| researchers paid for themselves) | ||||
| b) Governance costs | 0 | 0 | ||
| Total resources expended | 0 | 0 | ||
| NET | ||||
| INCOMING/(OUTGOING)RESOUR | (-70) | 0 | ||
| CES | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 0 | 0 | ||
| TOTAL FUNDS CARRIED | 11,00 | 0 | ||
| FORWARD |
5
Uranium Medical Research Institute (UMRI)
III. Balance Sheet at 31st December 2022
| 31.12.22 | 31.12.22 | 31.31.21 | ||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Tangible assets | 4 | - | - | |
| CURRENT ASSETS | ||||
| Prepayments and accrued income | 0 | 0 | ||
| Cash at bank | 0 | 0 | ||
| 0 | 0 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 5 | - | - | |
| NET CURRENT | (0) | (0) | ||
| ASSETS/(LIABILITIES) | ||||
| TOTAL ASSETS LESS CURRENT | ||||
| LIABILITIES | 0 | 0 | ||
| NET ASSETS | 0 | 0 | ||
| FUNDS | 6 | |||
| Unrestricted funds | 11,00 | 0 | ||
| TOTAL FUNDS | 11,00 | 0 |
6
Uranium Medical Research Institute (UMRI)
(III.) Balance Sheet – continued- at 31st December 2022
The members have not required the charity to obtain an audit of its financial statements for the year ended 31 December 2022.
The trustees acknowledge their responsibilities for:
-
(a) ensuring that the charity keeps accounting records that comply with Charities Commission
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charity as
at the end of each financial year and of its surplus or deficit for each financial year.
The financial statements were approved by the Board of Directors on 01/10/2023 and were signed on its behalf by :
----- Start of picture text -----
............................................................
----- End of picture text -----
............................................................ Frank Klimaschewski - Director Date: 20/10/2023
7
Uranium Medical Research Institute (UMRI)
IV. Notes to the Financial Statements for the Year Ended 31st December 2022
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc.
- 25% on cost
Taxation
The charity is exempt from tax due to its charitable activities.
2. NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
31.12.22 31.31.21 £ £ Depreciation - owned assets - -
3. Trustees’ REMUNERATION AND BENEFITS
Trustees’ Expenses There were no trustees’ remuneration or other benefits for the year ended 31 December 2022.
8
Uranium Medical Research Institute (UMRI)
(IV.) Notes to the Financial Statements – continued for the Year Ended 31st December 2022
4. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Plant and | |
| machinery etc | |
| £ | |
| COST | |
| At 01. January 2022 and 31 December 2022 | - |
| DEPRECIATION | |
| At 01. January 2022 | - |
| Charge for year | - |
| At 31 December 2022 | - |
| NET BOOK VALUE | |
| At 31 December 2022 | - |
| At 01. January 2022 | - |
5. (CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR)
| 31.12.22 | 31.31.21 | 31.31.21 | ||
|---|---|---|---|---|
| £ | £ | |||
| (Trade creditors) | - | - | ||
| MOVEMENT IN FUNDS | ||||
| Net movement | ||||
| At 01.01.22 | in funds | At 31.12.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 0 | 11,0 | 11,00 | |
| TOTAL FUNDS | 0 | **11,0 ** | **11,00 ** | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 81,0 | 70 | 11,0 | |
| TOTAL FUNDS | 81,0 | 70 | **11,0 ** |
6. MOVEMENT IN FUNDS
9
Uranium Medical Research Institute (UMRI)
V. Detailed Statement of Financial Activities - for the Year Ended 31st December 2022
| 31.12.22 | 31.12.22 | 31.31.21 | |
|---|---|---|---|
| £ | £ | ||
| INCOMING RESOURCES | |||
| Voluntary income | |||
| Donations | 81,0 | 0 | |
| Total incoming resources | 81,0 | 0 | |
| RESOURCES EXPENDED | |||
| a) Charitable activities1 | |||
| Conference fees | 0 | - | |
| Travel expenses | 0 | - | |
| 0 | 0 | ||
| b) Governance costs | |||
| Bank charges | 0 | - | |
| Office supplies | 0 | - | |
| Photocopying | 0 | - | |
| Internet website incl. domain | 70 | - | |
| 70 | - | ||
| Total resources expended | 70 | - | |
| Net (expenditure)/income | 11,0 | 0 |
Note: 1. All trustees paid for their own travels and fees for attended conferences.
END of DOCUMENT
10