**Asthma Innovation Research** Charity registration number: 1168495 ## Asthma Innovation Research Annual Report and Financial Statements for the Year Ended 1 January 2023 1 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **Contents** ||Page| |---|---| |Reference and Administrative Details|3| |Trustees’ Report|4| |Statement of Trustees’ Responsibilities|7| |Statement of Financial Activities|8| |Balance Sheet|10| |Notes to the Financial Statements|11 to 16| 2 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **Reference and Administrative Details** |**Charity name**
**Charity Registration Number**
**Companies House registration**
**Legal structure**
**Trustees**
**Principal address**
**Website and Email**
**Bankers**
**Custodian trustees holding assets**|The legal name is “Asthma Innovation Research”
1168495
Registered with Charity Commission in England & Wales
CE007169
Charitable Incorporated Organisation “CIO”
Registered with Companies House in England & Wales
Governing document is the Trust Deed establishing the charity.
The trustees are all individuals.
Dr Jonny Coppel
Dr Rahul Chodhari (Chairman)
Dr Simon Braithwaite
Dr Dominic Fenn
Dr Lucy Everson
Dr Jessica Kearney
Apartment 55
Warwick Building
366 Queenstown Road
London
SW11 8NJ
www.asthmainnovationresearch.co.uk
Jonny.coppel@gmail.com
asthmainnovationresearch@gmail.com
Metro Bank plc
Southampton Row, London
There are no assets held by any custodian trustee or nominee on
behalf of the charity| |---|---| 3 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **Trustees’ Report** The trustees present the annual report together with the financial statements of the charity for the year ended 1 January 2023. ## **Objects and activities of the charity** ## _**The purposes of the charity are set out in its governing document.**_ The charity’s governing document is a constitution that was drawn up and was approved by the Charity Commission upon registering on 28 July 2016. The main purpose of Asthma Innovation Research (AIR) as set out by our governing document is to relieve sickness and promote good health by reducing mortality and morbidity due to asthma, in particular in the child population, in particular but not exclusively by: - (1) training medical students to educate school children, parents and other members of the community about asthma and increase their knowledge of asthma emergency protocols; - (2) promoting the discussion, the consideration of, and research into matters of asthma; - (3) publishing results of research and discussion on matters of asthma; - (4) hosting educational events including, but not limited to, conferences and lectures on topics of importance; and - (5) providing opportunities to encourage the exchange of ideas. ## _**The main activities undertaken in relation to those purposes during the year.**_ The main activities undertaken in relation to these purposes are: - (1) Managing the asthma teaching programmes currently set up in University College London medical school, Cardiff University, Imperial College University, King’s College London University and now established at Cambridge University. These projects involve training medical students to go into primary and secondary schools and teach school children about asthma to reduce the stigma around the condition and to improve knowledge of the condition and the emergency protocols. - (2) Attempting to set up the teaching programmes in more medical schools. - (3) The distribution and advertising of asthma educational booklets that we had previously developed. 4 **(Registration number 1168495)** ## **Asthma Innovation Research** - (4) Investigating opportunities to improve the awareness of other medical conditions in the community using the template that we have created. ## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_ The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. ## _**The charity's main objectives and achievements for the year**_ In this time period we had the following achievements: - (1) The project continues to offer both virtual and face to face sessions for the schools and continue to receive excellent feedback from teachers and students. - (2) We have taught approximately 800 school children nationally. The project remains in place at 4 universities (UCL, KCL, Imperial and Cardiff) and after a successful pilot, is now established at Cambridge University. - (3) In 2022 we continued the Asthmanauts project in Camden and Islington boroughs. We increased uptake of the booklets to 83% of GP practices and redistributed further materials to school nurses of Camden. We have received further excellent feedback from the professionals using the booklets, particularly nursing staff in GPs and schools. We continue to monitor downloads from our website and encourage online use via social media. The Asthmanauts booklet has been updated and is now part of the National Asthma Toolkit. We have had contact from communities outside of London looking to use the Asthmanauts booklet. - (4) Project Health Resilience is an education- and youth-setting based health literacy pilot delivered by doctors and health professionals for young Londoners aged 16 – 19 years. The project was initially conceived in 2019 by Dr Leonora Weil and Astrid Grindlay, at that time working in the Public Health team at Camden Council, in partnership with the Camden Learning team. Following earlier collaboration with AIR and Camden Public Health for a separate programme, Dr Jonny Coppel (AIR) introduced Dr Clovis Rau and Dr Carys Lewis for session development and facilitation in late 2020. The project has since expanded to a wider multi-stakeholder team involving clinicians and staff from the UK Health Security Agency, NHS Trusts, and the London School of Hygiene and Tropical Medicine. It is currently part of, and funded by, NHS England’s Legacy and Health Equity Partnership (where Leonora and Astrid are now based, in line with the agenda of reducing inequalities in immunisations, screening and access to health). The programme encompasses bespoke health literacy modules, developed by a multi-disciplinary team of doctors and public health professionals, and covers the following topics: emergency first aid for young people; health literacy; mental health resilience; and screening and immunisations. These modules are 5 **(Registration number 1168495)** ## **Asthma Innovation Research** delivered by frontline NHS clinicians and public health professionals who specialise in these topic areas. Adolescence is a key stage of transition at which young people need to begin to recognise health issues and to independently engage with health services and access appropriate help. Supporting young people at this critical stage is key in empowering them to be able to take control of their own health in future. Experience from the pandemic has also shown us how vital it is to build trust between young people and health professionals. Over the past 12 months, up until January 2023, the project has expanded from an initial pilot in one Camden school, to wider settings across the capital, and has reached hundreds of learners including reaching care leavers and more vulnerable young people. Clinical Fellows in Emergency Medicine, Public Health and Mental Health have been appointed. We have collaborated with Peer Outreach Workers and the Greater London Assembly, and youth organisations such as Thrive LDN and The Hive, to ensure that the sessions are coproduced with young people. We are in the process of enrolling a wider team of clinicians and health professionals as ‘Project Health Resilience Ambassadors’, as the project expands. The Project Health Resilience Team are hoping to complete data collection for the initial evaluation towards the end of the year, and exploring possibilities for sustainable models of the project for the future. ## _**The contribution of volunteers during the year.**_ Volunteers, in terms of the Trustees and others have regularly given their time and resources during this period with no drain on the charity’s funding. ## **Financial Review** The financial position of the charity at 1 January 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- |**Net income/(expenditure)**
Unrestricted revenue funds for general purposes of the charity
Restricted funds
**Total Funds**|**2023**
£
**(388)**
2,232
-
**2,232**|**2022**
£
**(312)**
2,620
-
**2,620**| |---|---|---| There was no income generated during the financial year 2022/2023, compared to £4,300 raised in the previous 2021/22 year. 6 **(Registration number 1168495)** ## **Asthma Innovation Research** On 1/1/23, AIR had £2,232, which comprises general funds, and there were no restricted funds. There are no concerns about the charity’s ability to continue. These unrestricted funds of £2,232 should drive the schools programme forward and will aid the continuing distribution campaign of Princess Asma and Asthmanauts. ## **Outlook for 2023** Our main areas of activity in 2023 are predicted to be: 1. The Schools Education Project. We will continue to offer sessions where possible either face to face or virtually. As always, we will continue to try to spread the project to new medical schools, targeting Oxford University in particular. 2. The further distribution of Asthmanauts will be reviewed. 3. Investigating changing our constitution to enable us to use our educational templates to improve the lives of people suffering from other medical conditions aside from asthma. 4. The yoga fundraising series will be recontinued once feasible. ## **Statement of Trustees’ Responsibilities** The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 7 ## **Asthma Innovation Research** ## **(Registration number 1168495)** The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on 30/8/2023 and signed on its behalf by: ......................................... ………………………………….. Dr Jonny Coppel Dr Lucy Everson Trustee Trustee 8 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **Statement of Financial Activities (including Income & Expenditure Account) for the Year Ended 1 January 2023** ||**SORP**||**Current Year**||**Prior Year**| |---|---|---|---|---|---| ||**Ref**|**Unrestricted**|
**Restricted**|**Total**|**Total**| |||**Funds**|**Funds**|**Funds**|**Funds**| |||**£**|**£**|**£**|**£**| |**Income & Endowments**|||||| |**from:**|||||| |Donations & Legacies|A1|-|-
|**-**|4,300| |Charitable activities|A2|-|-
|**-**|-| |Other trading activities|A3|-|-
|**-**|-| |Investments|A4|-|-|**-**|-| |Other|A5|-|-|**-**|-| |**Total income**|**A**|**-**|**-**|**-**|**4,300**| |**Expenditure on:**|||||| |Raising funds|B1|**-**|**-**|**-**|**-**| |Charitable activities|B2|388|-|388|4,612| |Other|B3|**-**|**-**|**-**|**-**| |**Total Expenditure**|**B**|**388**|**-**|**388**|**4,612**| ||||||| |**Net income/(expenditure)**|**A-B**|
**(388)**|**-**|**(388)**|**(312)**| |**for the year**|||||| |**Reconciliation of funds:-**|**E**||||| |**Total funds brought**||2,620|-|2,620|2,932| |**forward**|||||| |**Total funds carried**||**2,232**|**-**|**2,232**|**2,620**| |**forward**|||||| The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity’s activities. ## **The notes attached on pages 11 to 16 form an integral part of these accounts.** 9 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **Analysis of prior year total funds, as required by paragraph 4.2 of the SORP** |**SORP**
**Ref**
**Income & Endowments from:**
Donations & legacies
A1
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
**Total expenditure**
**B**
Net income for the year
**Net movement in funds**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**|**Prior Year**
**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
73
9,755
9,828| |---|---| ||-
-
-
-
8,784
8,784| ||**-**
**8,784**
**8,784**| ||73
971
1,044| ||**73**
**971**
**1,044**| ||1,888
-
1,888| ||**1,961 **
**971 **
**2,932 **| The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. ## **The notes attached on pages 11 to 16 form an integral part of these accounts.** 10 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **Balance Sheet as at 1 January 2023** |**SORP**
**Note**
**Ref**
**Current assets**
B
Debtors
7
B2
Cash at bank and in hand
B4
**Creditors: Amounts falling due within one**
**year**
8
C1
**The total net assets of the charity**
**Funds of the charity:**
Unrestricted funds
D3
Restricted funds
**Total funds**
9|**2023**
**2022**
**£**
**£**
-
-
2,232
2,620
-
-| |---|---| ||2,232
2,620| ||2,232
2,620
-
-| ||2,232
2,620| The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA. Approved by the trustees of the charity on 30/8/2023 and signed on its behalf by: ......................................... ………………………………….. Dr Jonny Coppel Dr Lucy Everson Trustee Trustee **The notes attached on pages 11 to 16 form an integral part of these accounts.** 11 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **Notes forming part of the Financial Statements for the year ended 1 January 2023** ## **1 Accounting policies** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Basis of preparation** Asthma Innovation Research meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income and endowments** Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. ## _**Donations and legacies**_ Donations and legacies are recognised on a receivable basis when receipt is probable, and the amount can be reliably measured. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a 12 ## **Asthma Innovation Research** ## **(Registration number 1168495)** basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Raising funds**_ These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## _**Grant provisions**_ Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. ## **Governance costs** These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Research and development** Research and development expenditure is written off as incurred. ## **Trade debtors** are amounts due from customers for merchandise sold or services performed in the ordinary course of business are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of is established when there is objective evidence that they will not be able to collect all amounts due according to the original terms of the receivables. 13 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. ## **Financial instruments** ## _**Classification**_ Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. ## _**Recognition and measurement**_ All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. 14 ## **Asthma Innovation Research** **(Registration number 1168495)** Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled, or expires. ## _**Fair value measurement**_ The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. ## **2 Income from donations and legacies** |Donations and legacies:
Donations from individuals
Other donations
Regular giving and capital donations|**Unrestricted Restricted**
**Total**
**Total**
**2022**
**2021**
**£**
**£**
**£**
**£**
-
-
-
1,450
-
-
-
2,850
-
-
-
-| |---|---| ||-
-
-
4,300| ## **3 Expenditure on raising funds** There were no costs incurred in generating the donations and voluntary income. ## **4 Expenditure on charitable activities** |Governance costs
Costs of charitable activities|**Unrestricted Restricted**
**Total**
**Total**
**2023**
**2022**
**£**
**£**
**£**
**£**
-
-
-
-
388
-
388
4,612| |---|---| ||388
-
388
4,612| 15 ## **Asthma Innovation Research** ## **(Registration number 1168495)** During the year, costs were incurred on website maintenance. In the prior year, the costs of charitable activities related to printing materials and other resources acquired during 2021/22, together with the distribution of all of the remaining restricted funds to Whittington Health Charity. ## **5 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. ## **6 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **7 Debtors** No debtors were outstanding at the end of the financial year. ## **8 Creditors: amounts falling due within one year** No creditors were outstanding at the end of the financial year. ## **9 Funds** |**Funds**|| |---|---| |**Unrestricted funds**
General
**Restricted funds**
General|**Balance at**
**Incoming**
**Resources**
**Balance at**
**2 January**
**2021**
**resources**
**expended**
**1 January**
**2023**
2,620
-
388
2,232| ||**Balance at**
**Incoming**
**Resources**
**Balance at**
**2 January**
**2021**
**resources**
**expended**
**1 January**
**2022**
-
-
-
-| 16 ## **Asthma Innovation Research** **(Registration number 1168495)** ## **10 Analysis of net assets between funds** |Current assets
Net assets at 1 January 2023|**General**
**Designated**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
2,232
-
-
2,232| |---|---| ||2,232
-
-
2,232| ## **11 Analysis of net funds** |Cash at bank and in hand
Net funds|**At 2 January**
**2022**
**£**
2,620
2,620|**Cash flow**
**£**
**At 1 January**
**2023**
**£**
(388)
2,232| |---|---|---| |||(388)
2,232| 17