REGtSTERED COMPANY NUMBER: 119920657 (EngI￿d WAies) REGISTERED CHARITY NULIIBKR: 1165614 Report •f th¢ Trn5¢e¢i Un￿dIted FinaneiAI StsteD*nli for the Ye4r Ended 31 DeceJDber 2023 for S￿￿>lldary Flrst Grant Harrcd Lernjan Davis LLP Chartered A￿&untant% 1st Floor H¢￿th￿Id House MaTlboroughHiU Harrow Middlesex 14AI IUD Se￿ndthry Flrjt c￿ntent$ Df the FiDaneial St*tsn￿tr for theyt#r ended 31 2D23 Report •f the Trustees kndep¢nd¢Dt EAAnthier's Report stat¢m¢nt t)fFknxneI￿ Aetivities BAlanee Sheet Note# to the FIDancial Slatemtnts SecoTrdary first Rtportof the TTth8t¢ts for the year ended 31 D¢ttD)ber 2023 'rhe t￿SteeS are also duectors of the ¢harity for the pw8e8 of the CornpanLes Aot 2(K)6. present th¢ir r¢port with the fmth¢ial statements of the chatity for the year endcd 3 1 tkccmber 2023. The trust¢¢s hav¢ adopted the provisions vr Act()￿ting and Re￿>rttng by Ch8riti¢s.' s￿￿ment of Recomm¢nd¢d Pra¢tic¢ appliLable to Ch￿1￿¢5 prepaTing theii awouuts in aC￿rdance the Fillar￿La1 ReErt Standard applicable in the UK alld RttpubJi¢ of Ireland (FRS 102) (effe¢ttv¢ l J8]w 2019). OWECTIVES AIW ACTIVITIES S￿l￿e•nt a¢th'ltl¢s The Trl￿tte8 are please to present tbeir TePOrt for th¢ year ended 31st l)ecember 2023. the GI￿]ty'S ¢ighth year of operation. 8 we reported last year the operatxons of the Ch&riry have been impacted by the aftei- effects of COVlD-19, ynd the Ferfornwjce of the United Kingdom cconornv co￿b]ned with the Cost of Livin8 Crisis. The an￿l￿1 of disposable income aft¢r Costs bas natwally $eve￿IY reduced doDations to fund reb¢a￿h proje¢ts. The effects of BREXIT ve also beglln to have on effect in ullexFcted wa?s. Fitstly the UK Ik4s noi E¢n¢fjitted from the EU Hoiizon project lo fund research. Not only this haiE an onguing fll)an¢tdl elT¢ct but a second and nwre imllKdiate result ￿ that the UK is fI]￿1n￿ il di￿liUlI to attra¢t r¢s¢ar¢h¢rb from tbe EU to ￿￿rk heTe. This has kEn extGerbttted by thc need for tEL¢m to obtain WOTk PEttnits whi¢h in¢lude minimum eamin8s requjrements. Wc do not see any improveJMent In the Short terni. W¢ ar¢ as ever extremely grateful to all our 5L¥PPOrt¢is raised ]noney or made a donation durin8 the year. Beca￿￿e the Charityha5 an extremely low Gost ba5c il reEDains Nwble, but the fill￿8 av*d&ble for research will be limited. 2023 was i]￿￿fOre a disappointing year. Incon* f¢ll back 2023 to £52.864, {£83,314 12022). The nKJst difficu]t problem bas to act]￿te *uitable reSe￿¢h pro1￿18. and wc wcre tstmble to make any Branz$ in 2023. (This has ¢httng¢d in 2024 and 18 noted ￿lOW). After d￿U¢l]ng Costs of £3,703 (£4,039 12022). Grants £0, (£32.484 12022) the Chllrity nlqde a swplus in 2023 of £49.161. (£46.79]), Accordingly, the Charity elld¥d the year with totAI furds of £454.024. {£404.863). Th¢ TnLuo i￿515. We thank thcm for their Com￿tInent and 8enetosity which is iftvaluabl¢. RUCTURE. GOVERNAf4cE AND MANAGEMETrIT Gov¢rni*g docu￿nt Th¢ ¢h&tity 18 ¢or*rolled by it8 8overnan8 docu1￿ll( a deed of tnL8Q and constitute8 a limited cornpany. ]in)ited by guarantee, as defllledby the Companies A¢t 2006 REFERENCE AND ADMINISTRATIVE DETAILS Regls¢ered nuthber 09920657 (EnBland and Wales) Regi%tered Tharity Dunther 1165614 R¢glstsr¢d offlce 18t Floor Healthaid House MarlboTOUBh Ilill Harrow Middlesex 11A1 IIJD Pgge I SecffldAry Flr*t Report of tht Tr￿8￿¢$ for the year ended 31 D¢£¢Dther 2023 TrnJtee¥ Mr E S Chou¢ka Creativ¢ D￿¢t￿T Mrs M S Kalman Housewife MTL J Solicitor Mr J P Kft]man CharteTed Accountant Oielired) Mr8 N R R￿Sse11 Charity CEO Ms P M Treacy Retired MrD AGrief Chief Ex¢cutiv¢ Indep￿d•￿t Exanthier Cirdnl Ha￿0d Len￿ar1D8￿8 LLP Lhartard Accountants 1st Floor H¢alth&id House M8rlbDTou8h Hill Hatrow Middlesex HAI IUD Apwovcd by L)rdet of t￿ ￿)￿d of truste¢s on. .. . aTKI %i8ned on it5 iKhJlf by". Kalman. T￿￿1¢¢ Page 2 ]ndeptndent Examiner'j Report to the Trnsttes of S¢¢•nd*ry Ftrst Trtdependent examlDer'# report to the trustee8 of Secondary FiTht ('the C•mpany? I report to the Gharity truste￿ on eX&￿illatiO￿ tsf the ac¢ounts of the ccJmr￿Y for the year ended 31 De4emkr 2023. Resyon8ibilitie8 and basis of report As the ¢h&rity'S trustecs of the ComF*ny (and akn its dir¢ctors for the purtK)ses of comwiy law) you are i¥sponsible for thc prepAT&tion of the accottnts iti a¢¢ordan¢e the requirements nf the Companies Act 2(X)6 {'thc 2006 Act). Havhng satisfied myself that the 8CCOUTht8 of the CoThLPaDy ure not ￿qUired to b¢ audit¢d under Part 16 ofthe 2006 AGÉ asLd are ¢li¥ible for inde￿nde￿ I Teport in r¢spect of my examination of your charity's aC¢OWLts ds batriEd out utth s￿tion 145 of the Chariti¢s Act 2011 I'tbe 2011 Acl). In carrying vut my ¢xaThitialiun I have lollovled the Dir¢¢tion$ given by th¢ Charity co)￿MiSSiOn under Section 145(5) 0)) of the 2011 Act. Independent $tatsment I have completed exatyjinatson. I confirn) that no rnatters have comc to attention in ¢omi¢ction with the exaMi￿tiOn gi￿n8 me to believe.. &c¢ountUL8 records not kept in rewt nf the Company a8 required by Swtioll 386 of tbe 2006 A¢t: or the accot]nts do not &ccord with tlK>se rccords. 01 the accouots do not cO￿PIY with the a¢¢ounting r¢quir¢m¢nts of S¢ction 396 of the 20(JS ACL otlkr thall any r¢quir¢men¢th&t th¢ a¢¢O￿ts give a true and fair viewMthiGh is not a matter oonsidet¢d a$ part of all independent ¢xamination: or tbe aLcoLllrts have lloi ken prepared in ￿￿ordanC¢ with th¢ ntthods and principles of the Statertmt of Recommell(JfyJ PIaclice for accOUntll￿ and rep)rtinB by charities {appliGable lo charities preparll￿ their at¢ount$ iti a¢cordan¢e uryth th¢ Financial Rep)rtin8 StaTKlard applicable in the UK ond REpubli¢ of Irel8nd (fRS 102)). h4ve no concems aDd have ft¢ros$ other wotteTS in COT]nection with the examination to Thhi¢b thttention should Ix drawn in this report in order to enable a proper uT￿CrStand￿S of thc a￿OUnts to t* N¢hed. Jeremy HaTh)d FCCA Grant Harrod Lcrn]atL Dairys LLP Chknd A¢¢0￿rAnts l$tFloor Health&id Ho Marlborough Hdl HanL>W HAI IUD Page 3 S(%ond*ry Firjt StAtemtnt of Fln*neid AetivltStg for the year ended 31 DeceJtther21123 2023 Unrestricted fund 2022 Totsl Notes ]NCOME AND EIyDOWMETr￿s FROM I)oDations and le8aGies 52,864 83.314 EXPEM)ITURE ON Ra]'si]B fimds 2,623 Chttritable a¢tivlti Grnnts atKI tstTr￿r eosts 32.484 1.080 1.080 Total 3.703 36.523 NET INCOME 49.161 46.791 REeoNCtLIATION OF Futws Tolal futK15 bTought ID¥waid 404,863 358.072 TOTAL TrVTr4DS CARRIED FORWARD 454.024 404.863 ThE notcs forni Fdrt of these r]nancthl ststements Page 4 Secondsry FINt B*l#nce Sbeet 31 Dettmher 202J 2023 Unrestricted (und 2022 Total Notes Cash at bank 455.104 403,943 CREDITORS Amotsnis fallllJ8 dtsts Mqthi"n one yeay (1.080) {i.u¥v) 454.024 404,863 TOTAL ASSETS LESS CURR LIABILITIFS 454,024 404.863 TrIET ASSETS 454.024 404.863 FUNDS Unrcstsioted fuj 454.024 404.863 TOTAL Fuf4DS 454.024 404,863 The eharitsble company is ¥nlid¥d to exemptivn frvm audit ￿mIer Sect2on 477 of th¢ Cornpsni¢$ Act 2006 for the year nd¢d 3 1 2023. The members have not required th6 coJnp4ny to obtain an 8udit of its f]natt¢ial statenKnL$ for the year ended 31 D￿rnber 2023 sn ac￿ra#ll¢¢ with S¢ctii)n 476 of the Comptsnie% Act 2CK)6. The trLL8iee$ acknowledge their respo￿bIlItieS for (a) ern8uring that the charitable coE￿panY kys avcounting r¢¢ords tbat comply with SectiODS 386 and 387 of the Companies Act 2006 and prEP￿ID6. f]nuniial S￿l￿Ellents Hdll'¢h a t￿e and fait vtew of th¥ 5tat¢ of alY(tiE5 ofthe charitsble Compa￿ as at th¢ eThl of each fi￿An¢1a1 year and of its swplus or &LIGii for #ch fmaDCLal year in RCCOFdat￿C w]th th¢ requiremenis. of Seclivn5 394 and 395 and whi¢h othenvise Comply with the req￿tementS of ￿ Companies Act 2006 Irlatin8 to fJnaJcJal ststements. so far as applicable to th¢ ¢haritabl¢ ¢on)p8ry. (b) Thes¢ financ￿1 5tattmenis have pr¢p8red in accordance with the prnvtston$ applicable to chaEitable ¢omparnes subJ'¢¢t to the small compallie5 re8ltJLe. The fJDaJKial state￿nts were appioved by the Board of Tn]stee8 and autborised for issue . atsd siyd on its behalfby.. on r7.4uPI• Jy / Mr J l) Kabnan. TnL8t The notes funn part of th¢sr fu*ncial slat¢m¥tst$ Pa￿5 Secondary Fint Notey to the Financial StateDwnts for the veaT ended 31 December 21123 ACCOUNTING POLICIES Ba$ls of prep*rlng the fmancial st&temtn 'I'he Fi￿￿¢181 stalcmcnts of tbe cbaritable compkny. wht¢h ts a puhltc knelit Entity under FRS 102. have been prepared itt acconda￿e the Chariti¢% SORP (FRS 102) 'ACCou￿tIn8 and R¢portin8 by Chariti¢$'. Ststement of Re¢ommeT]ded Practice applicable io ch&rities PTcpanD8 their accounts in a¢¢oTdance with the FiDallcial Reportlng Slandard applicAblc in the UK and Republi¢ of Ireland (FRS 102) le￿ectIVe l Julluary 2019).. FillanGial Rqx>rtin8 Standard 102 The Fin8n¢ial Reporting Standard applicable in the UK and Republic of Ir¢knd' a￿1 th¢ compani￿ A¢1 2006. The f]nancial have Lyen pr¢pared under tbe historical cost convention. Ineome All illcome 15 Iccogllsed in the Statement of Financial Activitie8 oncc the ¢h￿lty h&$ entitlement to the fwth. it 15 pN)bable thai tILe income will t* received and the amount can bc rnc45Utcd reliably. Expenditure Liabilities are recowd a8 ¢xpeThJiture as soon as there is a l£g41 or WnsIn￿tive obligation QQDJZDittiD8 the ¢h8rity to that e￿ndItuTe. it is probable tILai a trwns(er of c¢0￿)￿1¢ b¢nefits iE requited in Settlement and the 8llM)unt of the obli88tion can be rneasuted reltably. ExpendiiUt¢ is a¢cout)ted for on acctuals basi5 and ha$ IEen classif￿￿ under heading5 thut aggt¢Bat¢ ttll ¢ost related tsb the category. costs Ee directly *irrtbut¢d to patti¢ular headings th¢y haTrE been allocated to aGtiwties on a basis con&istent ths use of resources. Grants offered 5ubj£ct to condition5 which have not been met at thc year eE)d date are Th)ted a$ a commiknent but >t accrlled as ex]xnth'turc. Taxatlon The charity is exempt from CO￿Oration thx on its charitable activities. Fund UDrestsicted [l￿d5 ¢&nbe used in a¢¢ordan¢e withthe charitable objectives at di5Gr¢tion of the trustee8. Restricted funds can oDly be used for particular restrÈcted within the objects ofthe chllrity. Restii¢tions ari5¢ specified by the donor or funds are raised for particular restii¢t¢d pwsos. FDrther explanation of the nattwe and purpose of each fund is included in the notes to ￿ fman¢ial statem¢nts. RAlslng doD*tioTh8 and kgacie$ 2023 2022 s￿Etsrt costs 2,623 2,959 Page 6 Contin￿d... see￿￿￿ry Flnt Notes to the Financi*l Statements- tontlDu¢d ftyr tht)¢*r ended 31 December 2023 TRUSTEES, REMUNERATION AND BENEFITS Ther¢ wekr no truste¢s' reMutterati(￿ or other benefit$ for the year eJNkn 31 tk¢¢mbeT 2023 nor for the year endeil 31 DeCem￿r 2022. Trn$¢e¢$ e￿￿$¢1 There were no tTUStecs' txpen%s paid for the y¢aT eTh4ed 31 DeGemb6r 2023 nor for the ye4r ended 31 De¢cmber 2022. COMPARATIVES FOR THE STATEMEf4T OF FINANCIAL AcTIV￿[Es U￿stil¢t¢d Ir4COME AND ENDOWMENfs FROM DonatioDs and leBacies 83.314 EXPELYDITURE ori R&isiti8 fuuds 2.959 Charitabk aetivit Cffants aT]d other costs 32.484 1,080 Total 36,523 r4ET llYCOME 46.791 RKCONCILIATION OF FUM)S Total funds brought forward 358,072 TOTAL VUNDS CARRIED FORWARD 404.863 cRED￿ORS. AMOUNTS FALLING DUE W￿H[N ONE YEAR 2023 2022 AccTuals and deferrcd incoll 1,080 1.080 Pag¢ 7 ntin￿&.. SecothdAry First Notes to the Thanci#l Staten*nts- eontlnued for the )e4r ended JI Deeember 21123 MOVEMEf4T FUPIDS N¢t movement in f￿d8 At 31.12.23 At 1.1.23 Unrtjtrieted funds General fwKI 404.863 49.161 434,024 TOTAL FUNDS 404,863 49,161 454.024 Net D￿Vernent iti ftuth. included in th¢ ab)￿ a$ follow8.' Mtsvement resources unrr5t￿c1¢d funds Gencral fund 52,864 (3.703) 49,161 TOTAL Fuf41)S 52,864 <3.703) 49.161 CTrmp4r4tives for mDvement in fund% Net movcment in fund5 At 31.12.22 At 1.1.22 Unrestrieled fuDdg GerKral fund 358,072 46.791 404.863 TOTAL FUNDS 358,072 46,791 404.863 Co￿parative net ￿￿vern¢nt iti fimds. included in the ab)ve are as follows.. Incotnin8 So￿(¢$ Re50urcc ¢xp¢nd¢d Ioxrement Unrestricted Gerkral fuTrJ 83,314 (36.523) 46.791 TOTAL FUNDS 83,314 (36.523) 46,791 Pa8e 8 ¢ontitt￿d.. SELy)nd*ry FIMt Notes to the Financial Statements- continu¢d fvr the y￿￿ ended 31 Deeember 2023 MOVEM￿ IN Fuf4DS. contiTr￿ed A ¢UTrent year 12 months told prior year 12 rhontk8 ￿Mbined position is as folloTh3.' Nel movemet in r￿d$ At 31.12.23 At 1.1.22 Unreytrtettd funds Gcneral fund 358.072 95,952 454.024 TOTAL FUNDS 358,072 95,952 454.024 A Current year 12 monihs alld prior year 12 months combined rct rnovemellt in funds. i￿luded in the aEov¢ are follows.. Inrollung r¢sour¢es R¢sources exFeThled Movement in ful Unre5¢ricted General fU￿j 136.178 {40.226) 95.952 TOTAL FUNDS 136.178 {40.226) 95.952 RELATED PARTY DISCLOSURES There were no related party tranwtiolls foT tkn y¢ar ¢uded 31 De¢emixr 2023. Pa8¢ 9