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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|
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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
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||||||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|
##
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||||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|
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|||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|
##
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|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|
||||00||||||||||||||||||
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##
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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|
##
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|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|
##