|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| ##