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2023-03-31-accounts

Reports
Reference and administrative details
Trustees' report
Independent
auditor's		 report 14
Financial Statements
Statement of financial activities 18
Balance sheet 19
Statement of cash flows 20
Principal accounting policies 21
Notes to the financial statements 25

Year ended Year ended
Unrestricted Restricted 31 March Unrestricted Restricted 31 March
Notes funds
E		 funds
f		 2023 funds funds
E		 2022
E
Income and expenditure
Income from:
Donations 1 570,145 325,000 895,145 714,037 714,037
Other trading
activities
Investment
income
Other income		 2
3
4		 259,766
30,986
3,116		 259,766
30,986
3,116		 123,240
8,592		 123,240
8,592
Total income 864,013 325,000 1,189,013 845,869 845,869
Expenditure
on:
Raising funds
Charitable
activities		 5
6		 295,530
511,786		 325000 295,530
836,786		 188,928
978935		 120000 188,928
1,098935
Total expenditure 807, 16 325, 1,1 1,167,863 120,000 1,
7,863
Netincome
(expenditure)
and net movement
In funds		 8 56,697 56,697 (321,994) (120,000) (441,994)
Transfer
between
funds		 19
Reconciliation
of funds:
Balances brought
forward
at 1 April 2022		 1,799,697 1,799,697 2,121,691 120,000 2,241,691
Funds balances
carried
forward
at 31 March 2023 16 1,856,394 1,856,394 1,799,697 1,799,697
Notes 2023f 2022
Fixed Assets 1,326 1,827
Current assets
Debtors: amounts falling due after one year 12 263,300 170,000
Debtors: amounts falling due within one year 12 498,923 368,883
Investments 13 425,604 1,065,000
Cash at bank and in hand 2,030,468 1,281,128
3,218,295 2,885,011
Liabilities
Creditors: amounts falling due within one year 14 ~1,363227 ~1,087,141
Net current assets 1,855,068 1,797,870
Total net assets 1,856,394 1,799,697
The funds ofthe charity:
Restricted funds 16
Unrestricted
funds:		 17
Designated
funds		 1,470,426 1,228,054
General funds 385,967 571,643
1,856,394 1,799,697
Year ended 31 Year ended 31 Year ended 31
Notes March 2023
f		 March 2022
f
Cash flows from operating
activities:
Net cash provided
by operating
activities
Net cash provided
by/(used
in) investing		 activities A
B		 79,253
670.087		 166
~544420
Change
in cash and cash equivalents		 in the year 749,340 (544,254)
Cash and cash equivalents
at beginning		 of the year 1,281,128 1,825,382
Cash and cash e ulvalents
at		 31 March 2023 C 2,030,468 1,281,128
Notes to the statement
of cash		 flows for the year to 31 March 2023.
.
Reconciliation
of net movement		 in funds to net cash provided by operating activities
Year ended 31 Year ended 31
March 2023f March 2022f
Net movement
in funds (as per the		 statement of financia I
activities) 56,697 (441,994)
Adjustments
for:
(Increase)/decrease
in debtors		 (223,340) 174,300
Increase
in creditors		 276,086 275,103
Depreciation 796 1,349
Investment
income		 (30,986) (8,592)
Net cash
rovided
b
o cretin		 activities 79,253 166
.
Cash flows from investing		 activities
Year ended 31 Year ended 31
March 2023f March 2022f
Purchase offixed assets 295 (1,961)
Sale/(Purchase
of) current asset investments		 638,806 (551,051)
Bank interest
received		 30,986 8,592
Total cash flows from Investin activities 670.087 ~544,420
.
Analysis
of cash and cash		 equivalents
Year ended 31 Year ended 31
March 2023f March 2022
f
Cash at bank and in hand 2,030,468 1,281,128
Total cash and cash e uivalents 2,030,468 1,281,128

2023
Unrestricted Restricted Tote I
8 E
Trusts and Foundations 58,489 325,000 383,489
Corporate donations 26,624 26,624
Individual donations 484,682 484,682
Gifts and services
in kind		 350 350
2023 total funds 570,145 325000 895,145
2022
Unrestricted Restricted Total
E'
Trusts and Foundations 47,000 47,000
Corporate donations 490 480
Individual
donations		 606,712 606,712
Gifts and services
in kind		 59,845 59,845
2022 iota I funds 714,037 774037

2023
Unrestricted Restricted Total
E 8
Fundraising events 259,766 259,766
2023 total funds 259,766 259 766
2022
Unrestrictedf Restricted Totalf
Fundraising events 123,240 123,240
2022 total funds 123,240 123,240

2023
Unrestricted Restricted Tots I
E E E
Bank interest received 30,986 30,986
2023 total funds 30,986 30,986
2022
Unrestricted
E		 Restricted
E		 Totalf
Bank interest received 8,592 8,592
2022 total funds 8,592 8,592
4. Other Income
2023 2022
E E
Business Rates Refund 3,096
General Operations 20
3,116

2023
Unrestricted Restricted Tots I
E E E
Cost of fundraising events 74,019 74,019
Support costs (note 7) 72,905 72,905
Staff costs (note 9) 148,606 148,606
2023 total funds 295,530 295,530

2022
Unrestrictedf Restrictedf Totalf
Cost offundraising
events		 44,816 44,816
Support costs (note 7) 21,434 21,434
Staff costs (note 9) 122,678 122,678
2022 total funds 188,928 188,928
6.
Expenditure
on		 charitable activities
2023
Unrestrictedf Restrictedf Totalf
Staff costs (note 9) 150,187 150,187
Research
expenditure:
Imperial
College grants		 175,533 175,000 350,533
King's College grants 18,284 150,000 168,284
Queen Mary University London grant 25,000 25,000
Medical Research
Council		 grants 45,254 45,254
Action Medical Research grants 34,163 34,163
Support costs (note 7) 63,365 63,365
2023 total funds 511786 325000 836 786
2022
Unrestrictedf Restrictedf Totalf
Staff costs (note 9) 169,871 169,871
Research expenditure:
Imperial
Col/ege grants		 386,749 60,000 446,749
Chelsea & Westminster Heaithcare Charity grants 15,979 15,979
King's Col/ege grants 292,738 60,000 352,738
Queen Mary University London grant 14,583 14,583
Support costs (note 7) 99,015 99,015
2022 total funds 978,935 120,000 1,098,935

Expenditure
on Raising Charitable 2023
Funds Activities Total
E E 8
Recruitment costs and staff welfare 12,378 27,959 40,337
General
administrative		 expenses 8,049 8,201 16,250
Marketing
and publicity
Fundraising
expenses		 expenses 672
24,174		 672
24,174
Professional fees 4,698 4,698
Office rental 5,968 6,032 12,000
Consultancy 21,568 7,751 29,319
Pension fees 96 96 192
Legal advice 350 350
Governance costs:
Auditor's remuneration 8,278 8,278
2023 total funds 72,905 63,365 136,270
Expenditure
on Raising Charitable 2022
Funds Activities Total
E' E E
Recruitment costs and staff welfare 537 243 780
General administrative expenses 6,819 9,442 16,261
Marketing
and publicity		 expenses 1,473 1,473
Professional fees 6,918 6,918
Office rental 5,703 7,897 13,600
Consultancy 6,821 6,821 13,642
Pension fees 81 111 192
Legal advice 59,845 59,845
Governance costs:
Auditor's
remuneration		 7,738 7,738
2022 total funds 21,434 99,015 120,449

his is st ated after charging:
2023 2022
E F
Auditor's remuneration:
Audit for current year 8,265 7,725
Audit for prior year 13 13
8,278 7,738

taff cos ts were as follows:
2023 2022
E
Salaries and wages 254,183 250,568
Staff benefits 8,041 7,081
Social security costs 25,891 25,205
Pension contributions 10,678 9,695
293 793 292,349
Average Average
2023 2022
Raising funds
Charitable
activities		 3.0
'I.O		 3.0
1.0
Central support 1.0 1.0
5.0 5.0

Office
Equipment Tots I
E 8
Cost
At 1 April 2022 9,077 9,077
Additions 295 295
At 31 March 2023 9,372 9,372
Depreciation
At 1 April 2022 7250 7,250
Charge
for the year		 796 796
Disposals
At 31 March 2022 8046 8 046
Net book value
At 31 March 2022 1,827 1,827
At 31 March 2023 1,326 1 326
2.
Debtors
2023 2022
Other debtors 2,000 2,000
Prepayments 29,030 27,887
Accrued income 731,193 508,996
762,223 538,883
2023 2022
8 E
Due within
one year		 498,923 368,883
Due after one year 263,300 170,000
762,223 538,883

2023 2022
8
Bank deposit accounts 425,604 1,065,000
425,604 1,065,000

2023 2022
5
Trade creditors 24,553 1,419
Grants
payable		 1,317,663 1,040,847
Taxation and social security 4,626
Other creditors 1,581 1,533
Accrued costs 14,804 25,342
Deferred income 18,000
1 363 227 1,637,141
ncluded in creditors for grants payable are amounts broken
down		 by individual grants as set our below:
Accrual
as at 1 New Grant Total
Apnl Expenditure Costs Accrual
2022 /Awards Paid 2023
Name of Institution Pur ose E E 8
Imperial College PhD studentships 92,560 (1,055) (91,505)
Imperial College Lecturer and PhD
studentship 130,430 94,519 (121,464) 103,485
Imperial College Studentship 30,722 16,454 (21,022) 26,154
Imperial College BUMP feasibility study 333,333 166,593 (13,357) 486,569
Imperial College PROMPT project grant 73,286 73,286
Action Medical Research Research grants 67,076 34,163 (28,516) 72,723
King's College project grant 38,810 1,617 (16,171) 24,256
King's College BUMP feasibility study 333,333 166,667 (53,647) 446,353
C!ueen Mary University Pilot grant 14,583 25,000 39,583
Medical Research Council CRTF grant 45,254 45,254
1,040,847 622,498 345,682 1,317,663

Accrual New Grant Total
as at 1 Expendi ture Costs Accrual
April 2021 /Awards Paid 2022
Name ofInstitution Purpose E E E E
Imperial Co//ege Core grant 128426 (20,159) (/0/t 267)
Imperial College PhD studentship 202945 26,881 (137266) 92560
Imperial College The Robert McAl pine
studentship award 27478 (27,478)
Imperial
Co//ege		 Lecturer and PhD
studentship 152024 65339 (86,933) 130430
Imperial Co//ege Studentship 30,722 30,722
Imperial Co//ege BUMP feasibility study 333333
Chelsea 8 Westminster Research midwives 15979 (99,378)
Action Medical Research Research grants 122134 (55058) 67,076
Kings College Project grants I9,405 19,405 38,810
Kmg's College BUMP feasibility study
Queen Mary University Pilot grant 14,583
735811 819,416 514,381 1,040847
5.
Analysis		 of net assets between funds
Restricted Designated General Total Funds
Funds
f		 Fundsf Funds
f		 2023
f
Fixed assets 1,326 1,326
Net current assets 1,470,426 384642 1,855,068
Net assets atthe end of the
ear		 1,470,426 385968 1 856 394
Restricted Designated General Total Funds
Fundsf Fundsf Fundsf 2022f
Fixed assets 1,827 1,827
Net current assets 1,228,054 569,816 1,797,870
Net assets at the end ofthe
ear		 1,228,054 571,643 1,799,697

At 1 At 31
April March
2022
f.		 Incomef Expendituref 2023f
The Sackler Trust 300,000 (300,000)
The George Goodsir Charitable Trust 25,000 (25,000)
Total restricted funds 325,000 325,000
At 1 At 37
April March
2021f Income Expendituref 2022
f'
/CAP 120,000 (120,000)
Total restricted funds 720,000 ~120,000

At 1 At 31
April Designated March
2022f in the yearf Utilisedf 2023f
Imperial College London 399,353 135,631 (350,852) 184,132
Action Medical Research 250,000 94,532 (34,163) 310,369
King's College London 168,284 (168,284)
Medical Research
Council		 375,000 135,762 (45,254) 465,508
Queen Mary University 35,417 (25,000) 10,417
BUMP Project —2'd Phase 500,000 500,000
Total desi
nated funds		 1226054 865,925 623,553 1 470 426

At 1
April Designated At 37 March
2021 in the year Utlllsed 2022
8 8
Imperial
College London		 800,829 34,639 (436,115) 399,353
Action Medical Research 250,000 250,000 250,000
King's College London 168,284 250,000 (352738) 168,284
Medical Research Council 375,000 375,000
Queen Mary University 35,477 50,000 (14,5383) 35,417
Total desi nated funds 1,462,830 584,639 879,475 7,228,054

2023f 2022
Imperial College London 184,132 399,353
King's College London 168,284
Queen Mary University London 10,417 35,417
Action Medical Research 310,369
Medical Research
Council		 90,508
Total commitments 595426 603054
2022f 2021f
Imperial Co//ege
London		 399,353 300,829
Chelsea & Westminster 15,979
King's College London 168,284 21,022
Queen Mary University London 35,417
Medical Research Council
Total commitments 603,054 337,830

At 1 At 31
April March
2022
f		 Income Expendituref 2023f
Restricted funds 325,000 (325,000)
Unrestricted funds 1,799,697 864,013 (807316) 1,856,394
Total funds 1,799,697 1,189013 ~7732376 1,856,394
At 1 At 31
April March
2021f incomef Expenditure
f'		 2022f
Restricted funds 120,000 (120,000)
Unrestricted funds 2121,691 788,470 (1,110,464) 1,799,697
Total funds 2241,691 788470 ~7,230464 1,799697