2023-02-28-accounts - Routes 2 Results

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Trustees			Dr C Bushby
			Mr E Blindell
			Ms K Simmons
Charity number			1166905
Company	number		09437524
Registered		office	5th Floor
			Watson House
			54-60 Baker Street
			London
			United Kingdom
			W1U 7BU
Independent		examiner	King & King
			5th Floor
			Watson House
			54-60 Baker Street
			London
			W1U 7BU
Bankers			Natwest
			5 Station Approach
			West Byflect
			Surrey
			KT14 6NQ

		Page
Trustees' report		1-4
Statement oftrustees'	responsibilities
Independent examiner's report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	9-16

ROUTES 2 RESULTS TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 structure, govèrnance and rnanagoment Governlng document The R2R is Controlled by ils governing document. a deed of trust, and constitutes a limrted company. limited by 9uaranlee, as defined by the Companies Act 2006. The Ifuslees, who are also the directors for the purpose of company law. and who served during the year and up lo the dale ol signature of the financial ststemènts wero.. Dr C Bushby Mr E Blindell Ms K Simmons Recrultmènt and appolntment of new trustees When re¢rurting new members lo their boafd, existing trustees musl be elean In their own minds 8bDut the charity's purpose and aims. They also need to understand their Broader duties and responsibilities as trustees, lo ensure both that they are acting in the best interest of the charty, and that they are in a position lo explain to new trustees what is required of them. Trustees need lo ensure that they, rather than $laff, retain overall responslbility and of the trustee recruitment, selection ané induclic>n prOss_ Existing trustees have a dear rolè to play in overseeing the effective managem9nl of an open and efficient process. This applies whether Iruslee$ themselves select new colleague5, or whether other arrangements apply (for example, elects'on or nomination by a membersh1psI. There will be an assessment on what skills ara needed within the trustee board. and these skills developed into a delerminalion as tD what kind of trustees to look for. A trust88 'job description, will be developed based on this. Part of that job description will indude the 6 main dutie5 as oulines in the you.gov website.. h1lp5.'llw.gov.ukI govemmenvpublicationslthe-essenliaklrustee-whal-you-need-t(Fknow-cc31the-ess&ntiaklrustee-what-you-need- tfrknow-whal-you-need-to-do Recruitment and appointment of new trustee5 When recruitir new members lo their board, exiskn'ng Iru51ees musl be ¢l&an in their own minds about the charity's purpose and aims. They also need lo understand their Broader duties and responsibilities as trustees, to ensure both that they are acting in the best interest of the charity, and that they are in a position lo explain lo new trustees what is required of them. Tfuslee5 need to ensure that they, rather than slaff, retsin overall responsibility and eontrol of the trustee recruitment, selection and induction process. Existing trustees have a clear role lo play in overseeing the effective manag&ment of an open and efficient Process. This applies whether trustees themselves Select new colleagues, 01 whether other afrangements apply (for example, election or nomination by 2 memberships). There wll be an assèssment on what skills are needed wthin the trustee board, and these skills developed Into a determination as to what nd of trustees to look for. A trustee 'job de5cription' will be develop8d based on this. Part of that job description will include the e main duties as outlines in the you.gov website.. https-l.gov.Ukl governmenVpublicationsllhe-essential-Iruslee-whal-you-need-to-know-cc31th&essenlial-truste&-whal-you-need- tO-know-whal-you-ne&d-t¢>do A person is disqualified from acting as a Iwstee if they fall und8r any of the followng provisi(s, detailed in section 72111 of the ChariliesA¢l 1993.. People under the age of 18. unless the charity is a registered company,. - Anyone convicted of an offence involving deception or dishonesty unless the convlctlon is spent., - Anyone who is an undischarged bankrupt.. Anyone who has previously been removed frorn Irusleeship of a chafily by the Court Df the Commissioners., and - Anyone who is under a disqualification order under the Company Directors Oisqualificalion Act 1996.

ROUTES 2 RESULTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Organlsational Structure The Iruslees ensure the charity is fulfilling its goals and mission. They are made up of experts and people with valuable experience in healthcare, charitie5, markel research, business, education and the developing world. A leadership team implement the visioll and execute the research. They are made up of the market research experts who had the vision lo and passion to realise the need to operate wlhin a Nol-For-Profil selling, ensuring that the research and public purpose goals of the development sector and put first. Induction and training of new trustees Induction rnaterial include$'. the charity, s goveming ¢Yocumenl. in addition to account$. wwth explanatory material where necessary, and recent minute5 of trustee meetings. All trustees, as part of their induction. should receive an "induction pack" containing a copy of the Charity's key documents lusually the charty's goveming document, latest sel of annu81 accounts and copies of minutes from previous meelingsl accompanied by an explanation of their purpose and effect. Trustees will utilise the following pages frown the UK government website 8S Part of their inductiu).. https.'Il www.gov.uklgovernmenUpublications/lhe-esSential-trustegknwhal-ygu-need4(kn0W-Cc31Ihe-esSanIiaI4rU$Iee whal-yOUwneed-lo.know-whal-you-need-lo-do As well as reading through the UK Government page.. The essential Injslee.. what you need lo know CC3 Existing trustees are encouraging and open In their dealings with new tiusteès and avoid either glossing over or exaggerating the role. Openness about the duties and responsibilities of a twslee will dgmyslify thern and help to reassure prospective candidates abDUt any concerns they might have. An informal meeting at an eady-stage of the selection process can provide an opportunity for existing trLFslees to piovide prospeotive trustees an understanding of what a trustee is required and expected lo do. Rlsk management The Iruslees have a duty lo identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. All work is elhi¢ally approved in each and every country. Market research via the iespedive ethical approval committeè of the relevant country is completed. The Iwslees, report was approved by the Board of Trustees. Dr C Bushby Trustee Dated.. 23 August 2023

					Unrestricted	Unrestricted
					funds	funds
					2023	2022
				Notes	6	8
	n owments	fro
Donations and	legacies				31,500	70,000
Research income					455,085	256,623
Other income						22,561
Total income					486,585	349,184
~Edit
Research expenses				6	423,164	431,764
Net income/(expenditure)		for the year/
Net movement	in funds				63,421	(82,580)
Fund balances	at 1 March	2022			60,040	142,620
Fund balances	at 28 February		2023		123,461	60,040

			2023		2022
		Notes	8		8
Current assets
Debtors		13	7,788		9,293
Cash at bank and in	hand		119,973		54,947
			127,761		64,240
Creditors: amounts	falling due within
one year		14	(4,300)		(4,200)
Net current assets				123,461		60,040
Income funds
Unrestricted funds -	general			123,461		60,040
				123,461		60,040

		2023	2022
		E	E
Performance	related grants	455,085	256,623
Performance	related grants
201808 BMGF MAPS		316,923	103,608
201902 BMGF Lyndra		138,162	150,356
202001 SIA-Rl WHO Nepal			2,127
Other			532
		455,085	256,623

			Unrestricted
			funds
			general
		2023	2022
		E	E
Other	income		21,800
Sundry	income		761
			22,561

Research projects	2023 E	2022f
201803JNJSWITCHING	(3)	(1)
201808 MAPS BMGF	213,639	86,943
202001 SIA-Rl WHO Nepal		2,100
201902 Lyndra BMFG	43,720	106,920
Other research expenses	31,500	70,000
	288,856	265,962
Share of support costs (see note 7)	130,008	161,602
Share ofgovernance costs (see note 7)	4,300	4,200
	423,164	431,764

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8	Net movement in funds		2023 E	2022 f
	Net movement in funds is	stated after charging/(crediting)
	Exchange Losses/(gains)		2,517	(1,688)
	Depreciation ofowned tangible fixed assets			256
9	Independent examination	fees
	Fees payable to the independent examiner:		2023	2022
			E	6
	Independent examination	ofthe R2R's annual accounts	2,900	2,800

		2023	2022
		Number	Number
Management
Administration
Total
Employment	costs	2023	2022f
Wages and salaries		104,082	129,365
Social secudity	costs	4,984	10,498
Other pension	costs	2,270	3,066
		111,336	142,929

13	Debtors
					2023	2022
	Amounts	falling due		within one year:	8	6
	Other debtors				905	811
	Prepayments		and accrued income		6,883	8,482
					7,788	9,293
14	Creditors:	amounts		falling due within one year

2023	2022
6	8
4,300	4,200

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
				6
Fund balances at 28 February 2023 are represented		by:
Current	assets/(liabilities)		123,461	60,040
			123,461	60,040