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|Annual
Report ofthe Trustees|||||1-6|
|Auditor's
Report|||||7-9|
|Statement
of Financial|Activities|(including|Income and Expenditure|Account)|10|
|Balance Sheet||||||
|Statement ofCash Flows|||||12|
|Notes to the Financial|Statements||||13-20|
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||||Page|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|2020|
|||||||K|f|
|Income from:||||||||
|Donations
and legacies (note 2)|||15|1,071,952|925,143|1,997,095|787,462|
|Investments
(note 3)|||15|65||65||
|Total income||||1,072,017|925,143|1,997,160|787,462|
|Expenditure
on:||||||||
|Charitable
activities|(note 4)||16|1,847,261|368,248|2,215,509|316,412|
|Raising funds (note|6)||17|26,973||26,973|66,811|
|Total expenditure||||1,874,234|368,248|2,242,482|383,223|
|Net income||||(802,217)|556,895|(245,322)|404,239|
|Other gains/(losses)||||||||
|Realised (loss)/gain|on foreign|||||||
|currency||||(15,830)||(15,830)|25,784|
|Net gains||||(15,830)||(15,830)|25,784|
|Net movement
in funds||||(818,047)|556,895|(261,152)|430,023|
|Reconciliation
offunds:||||||||
|Total funds
brought|forward|at 1||||||
|January 2021||||1,857,905|560,000|2,417,905|1,987,882|
|Total funds
carried|forward|at||||||
|31 December 2021|||11|E 1,039,858|F 1,116,895|f 2,156,753|6 2,417,905|
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|||||Page|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds
f|Funds
f|2021
f|2020
f.|
|Current assets|||||||||
|Debtors (note|8)|||18|15,222||15,222|7,896|
|Cash at bank|(note 7)|||17|1,040,735|1,116,895|2,157,630|2,427,442|
|Total current|assets||||1,055,957|1,116,895|2,172,852|2,435,338|
|Creditors —amount||falling|due||||||
|in one year (note 9)||||18|16,099||16,099|17,433|
|Net assets|||||1,039,858|1,116,895|2,156,753|2,417,905|
|Represented|by:||||||||
|Unrestricted
Funds —Capital
Restricted
Funds —Capital|||||1 039858|1,116,895|1,039,858
1,116,895|1,857,905
560,000|
||||||F 1,039,858|f 1,116,895|f2,156,753|f 2,417,905|
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||Page|2021
6|2020|
|---|---|---|---|
|Cash flows from operating
activities:|12|(254,047)|396,557|
|Cash flows from investing
activities:||||
|Investment
income||||
|Net cash provided
by investing
activities||||
|Change
in cash and cash equivalents
in the year||(253,982)|396,557|
|Net cash and cash equivalents
at 1 January 2021
Change
in cash and cash equivalents
due to exchange rates|12|2,427,442
(15,830)|2,005,101
25,784|
|Cash and cash equivalents
at 31 December 2021||L' 2,157,630|2,427,442|
|Reconciliation
of net income to net cash flow from operating|activities|||
|Net income for the reporting
period|10|(261,152)|430,023|
|Adjustments
for:||||
|(Increase) in debtors and prepayments
(Decrease) / increase
in creditors
(Gain) / loss on revaluation
of investment
cash
Less investment
income and deposit interest||(7,326)
(1,334)
15,830
(65)|(2,541)
13,994
(25,784)
(2,713)|
|Net cash provided
by operating
activities||(254,047)|396,557|
|Analysis ofcash and cash equivalents||||
|Cash held with Adam
&Co
Cash held with HSBC||960,420
1,197,210|1,348,667
1,078,775|
|Total cash and cash equivalents|17|F 2,157,630|E2,427,442|
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||||Page|Unrestricted|Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||||2021||2021|2021|
||INCOME|FROM DONTATIONS|AND LEGACIES||E|||F.|
||Voluntary|donations|||922,163||925,143|1,847,306|
||Legacies|received|||5,819|||5,819|
||Just Giving donations||||93,190|||93,190|
||Blackbaud|services|||35,378|||35,378|
||Virgin Money donations||||1,761|||1,761|
||Gift Aid tax relief||||13,641|||13,641|
||||10|5|1,071,952|F|925,143|F 1,997,095|
|||||Unrestricted||Restricted||Total|
||||||2020||2020|2020|
||Voluntary|donations|||520,520||110,000|630,520|
||Legacies|received|||77,000|||77,000|
||Just Giving donations||||60,890|||60,890|
||Blackbaud|services|||14,950|||14,950|
||Virgin Money donations||||2,374|||2,374|
||Gift Aid tax relief||||1,728|||1,728|
||||10|F|677,462|E|110,000|F 787,462|
|||||||Unrestricted||Unrestricted|
||||||||Total|Total|
||||||||2021|2020|
|3.|INVESTMENT INCOME||||||||
||Money market interest||10||||65||
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||||||||Unrestricted|
|---|---|---|---|---|---|---|---|
||||Page|Unrestricted|Restricted|Total|Total|
|||||2021|2021|2021|2020|
|4.|CHARITABLE ACTIVITIES|||E|6|6|6|
||Grants awarded|||||||
||Mayo Clinic (US$150,000)|||108,381||108,381|116,840|
||Alzheimers
Research|UK||1,500,000||1,500,000||
||Dementia
Australia|||||||
||(AUD$405,000)||||224,912|224,912||
||Hug Private
Foundation|||||||
||(CHF 174,528)||||143,336|143,336||
||RAD Fellow expenses|||8,188||8,188|285|
||Total grants payable|||1,616,569|368,248|1,984,818|117,125|
||Support costs|||||||
||Staff costs (note 5)|||162,196||162,196|92,016|
||Scientific Advisors|||27,075||27,075|13,235|
||Executive Advisor fees|||8,505||8,505|29,698|
||Charity Consultant|||3,000||3,000|9,260|
||Administrator
fee||||||11,313|
||Total support costs|||200,776||200,776|155,522|
||Governance
costs|||||||
||Accountancy
fees|||11,790||11,790|9,642|
||Audit fees|||9,000||9,000|4,200|
||Sundry expenses|||4,398||4,398|3,210|
||Trustees insurance|||4,327||4,327|2,607|
||Legal fees|||400||400|24,106|
||Total governance
costs|||29,915||29,915|43,765|
||Total Charitable
Activities||10|f 1,847,261|E 368,248|6 2,215,509|6 316,412|
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||||Total|Total|
|---|---|---|---|---|
|STAFF COSTS|||2021f|2020f|
|Gross salaries|||143,019|83,540|
|Social security costs|||12,917|5,902|
|Pension
contributions|||1,810|1,208|
|Expenses|||4,450|766|
|Payroll provider||||600|
||16||f 162,196|f 92,016|
|The average
number|of employees|during the period was 2 (2020:2).|||
|The total amount of benefit|received|by|key management|personal
was|f63,040(2020:F68|f63,040(2020:F68|f63,040(2020:F68|347).|
|---|---|---|---|---|---|---|---|---|
|Key management
personnel|represent||the Trustees and|CEO. No
employees||earned|more|than|
|f60,000 during the year (2020:1)|||||||||
||Page||||Unrestricted||Unrestricted||
|||||||Total||Total|
|EXPENDITURE ON RAISING FUNDS||||||2021f||2020f|
|Website and marketing
expenses||||||17,519||36,941|
|Fundraising
event||||||5,372||26,369|
|Online fundraising
fees||||||3,812||3,284|
|Bank charges||||||270||217|
||10||||f|26 793|f|66 811|
|||||Unrestricted|Restricted|||Total|
|CASH AT BANK||||2021f|2021f|||2021f|
|HSBC Bank Account - GBP|account|||587,210||610,000||1,197,210|
|Adam
8 Co - GBPaccount||||(92,078)||656,665||564,587|
|Adam
&Co - USD account||||141,324||75,143||216,467|
|Adam 8 Co - EUR account||||176,891||||176,891|
|Adam
&Co - AUD account||||227,388||(224,913)||2,475|
|||||f1,040,735|f1,116,895||f2,157,630||
|||||2020|2020f|||2020f|
|HSBC Bank Account - GBP|account|||452,430||350,000||802,430|
|Adam
&Co - GBP account||||307,025||100,000||407,025|
|Adam
&Co - USD account||||376,950||||376,950|
|Adam
&Co - EUR account||||201,073||||201,073|
|Adam
&Co - AUD account||||217,623||||217,623|
|||||f1,555,101|f|450,000|f2,005,101||
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|||Page|Unrestricted|Unrestricted|Unrestricted|
|---|---|---|---|---|---|
||||Total||Total|
||||2021||2020|
|8.|DEBTOR||E||E|
||Gift Aid tax relief||14,069||7,027|
||Prepayrnents||1,153||869|
||||15,222|F|7,896|
|9.|CREDITORS - amounts|falling due within one year||||
||Accountancy fees||5,118||6,120|
||Audit fees||6,600||5,400|
||Staff costs||4,381||4,663|
||Charity advisor fee||||1,250|
||||6 16,099|6|17,433|
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|2021 (202|0|
: none).|||||
|---|---|---|---|---|---|---|
||||Balance|Income|Expenditure|Balance|
||||brought|and|and|carried|
||||forward|Gains|Losses|forward|
|FUNDS||||E|F.||
|For the year||ended 31 December 2021:|||||
|Unrestricted||funds|1,857,905|1,056,187|(1,874,234)|1,039,858|
|Restricted|funds||560,000|925,143|(368,248)|1,116,895|
||||F2,417,905|L 1,981,330|f(2,242,482)|62,156,753|
|For the year||ended 31 December 2020:|||||
|Unrestricted||funds|1,537,882|703,246|(383,223)|1,857,905|
|Restricted|funds||450,000|110,000||560,000|
||||F 1,987,882|F 813,246|F (383,223)|6 2,417,905|
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|Analysis|of|net assets between|funds|||Total|
|---|---|---|---|---|---|---|
|||||Unrestricted
K|Restricted
E|2021f|
|Debtors||||15,222||15,222|
|Cash at|Bank|||1,040,735|1,116,895|2,157,630|
|Creditors||||(16,099)||(16,099)|
|Total Funds||||61,039,858|f1,116,895|82,156,753|
|Analysis|of|net assets between|funds|||Total|
|||||Unrestricted|Restricted|2020|
|Debtors||||7,896||7,896|
|Cash at|Bank|||1,867,442|560,000|2,427,442|
|Creditors||||(17,433)|-|(17,433)|
|Total Funds||||61,857,905|6 560,000|62,417,905|
||||||2021|2020|
|FINANCIAL||INSTRUMENTS|||K|F|
||||2021|2020|
|---|---|---|---|---|
|FINANCIAL|INSTRUMENTS||K|F|
|Financial assets measured||at fair value (a)|2,172,852|2,435,338|
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|13.
COMPARATIVE|13.
COMPARATIVE|STATEMENT OF FINANICAL ACTIVITIES|STATEMENT OF FINANICAL ACTIVITIES|STATEMENT OF FINANICAL ACTIVITIES|STATEMENT OF FINANICAL ACTIVITIES||||
|---|---|---|---|---|---|---|---|---|
|||||Page|Unrestricted|Restricted||Total|
||||||Funds|Funds||2020|
|Income from:|||||||||
|Donations
and legacies (note 2)||||15|677,462||110,000|787,462|
|Investments
(note 3)||||15|||||
|Total income|||||677,462||110,000|787,462|
|Expenditure
on:|||||||||
|Charitable
activities|(note 4)|||16|316,412|||316,412|
|Raising funds (note|6)|||17|66,811|||66,811|
|Total expenditure|||||383,223|||383,223|
|Net income|||||294,239||110,000|404,239|
|Other gains/(losses)|||||||||
|Realised gain/(loss)|on foreign||||||||
|currency|||||25,784|||25,784|
|Net gains|||||25,784|||25,784|
|Net movement
in funds|||||320,023||110,000|430,023|
|Reconciliation
offunds:|||||||||
|Total funds
brought|forward||at 1||||||
|January 2020|||||1,537,882||450,000|1,987,882|
|Total funds carried|forward||at||||||
|31 December 2020|||||F 1,857,905|f|560,000|E 2,417,905|