2022-03-31-accounts - The Human Milk Foundation

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Registered CharityNumber:	1172522
Chair:	GraemeAllinson
Treasurer:	AndyHodgeFCA CTA
Trustees:	GraemeAllinson(Chair)
	TinaCrombie
	Dr.JamesFlanagan
	AndyHodge
	Dr.Gemma Partridge
Registered Office:	Rothamstedlnstitute
	Harpenden
	Hertfordshire
	AL52JQ
lndependentExaminer:	DuncanBrownFCA
Bankers:	NatWestBank
	22,GeorgeStreet
	Richmond
	Surrey
	TWg1JW

	Page
lndependentExaminer'sreport	L
Trustees'report	2
Balancesheet	8
Statement of financial activities	9
NotestotheFinancialStatements	10
SupplementalFinanciallnformation	74

Note		2022202r
	Total Total
		ff
Fixed Assets		72,73742,346
Currentassets
Debtors	3	32,92524,835
Accrued income	4	6,149 0
BankAccounts		723,468L15,2r8
VATrecoverable		8,2LO9,950
Prepaidrent		0 30,050
Totalcurrentassets		170,750180,053
Currentliabilities
Accounts payable		(10,124)(5,407)
ChairofTrustees'Loan	5	(4,t26)(8,926)
Totalcurrentliabilities	@
Currentassets lesscurrentliabilities		156,501165,72L
Netassets		229,232208,067
Equity
Unrestricted funds		160,87069,032
Restrictedfunds		59,127127,035
Designatedfunds		9,23512,OOO
Totalfunds		229,232209,067

			2022			202L
		Unrestricted	RestrictedTotal		Total
		ft		t€
			(Note8)
lncomingresources
Voluntaryincome	6	!11,940	0	111.,940		119,064
lncomefromDonor HumanMilk	7	L77,175	0	177,L75		712,tt}
Grants&otherincome	8	180,190	0	180,190		779,716
Totalincomingresources		469,305	0	469,305		41o,290
Resourcesexpended
DirectExpenses	9	75,076	0	75,076		58,873
Total EmploymentCosts	10	204,470	27,145	237,615		753,239
Otheradministrativeexpenses	77	705,741,	35,708	747,M9		73,7L0
Totalresourcesexpended		385,287	62,853	448,740		285,821,
Transfersbetweenfunds		5,055(5,055)
Net movementinfunds		89,073(67,908)		27,165		724,469
Totalfunds broughtforward		87,032127,035		208,067		83,598
Totalfundscarriedforward		170,705 59,L27		229,232		208,067

	Unrestricted RestrictedTotal
	ff	€
TotalFunds
Balancebrought forward Surplus/(Deficit) for the year	81,032727,035209,067 89,073(57,908)21.,L65	83,598 124,469
	L70,105 59,!27 229,232	209,067
Totalfundsat3lMarch	f170,105 f59,127f229,232	f209,067

	Comouter		Leasehold		Plant&
	Equipment		lmprovements	MotorVehicles	Machinery		Total
Cost	t				€
AtlApril2021		3588	4865	2700		37002		48,1.55
Additions		238	3469	0		46020		49,727
Disposals		-279	-4Us	0		-2506		(7,57O)
At3lMarch2022		3607	3489	2700		80516		90,3L2
Depreciation
AtlApril2021		943	20	490		43s6		5,809
Chargefortheyear		71.43	1007	675		8947		1,1,,772
Adjustmenton disposals		0	0	0		0		0
At31March2022		2086	1027	1165		13303		!7,58L
NetBookValueat31-March2022		1521	2462	1535		67213		72t7?L
NetBookValue at31March2021		26/.5	4845	2210		32646		42,346

Amounts fallingduewithinone year:	2022		202L
AccountsreceivablefromNHSHospitals	32,925		24,835
Accrued Income
	2022		202t
LocalCouncil GrantreceivedinApril2022	4,!74		0
AccruedGiftAid	1,974		0
		,,0

Voluntary lncome
	2022	202t
	f
Donations	707,3L5	108,218
GiftAid	4,625	10,846
	r - .!11:940.-	!19,0u

Balanceat1April2021		12'1,O35
Grants&Otherlncome		0
Total RestrictedFunds Received		127,035
Operatingexpenditure out of restricted funds:-
DirectExpenses	0
Rent	30,050
EmploymentCosts	27,L45
Otheradministrativeexpenses	5,659
Transfer of fundsfrom restricted to unrestricted	5,055
		(57,908)
Balance at3lMarch2022		ssl27

DirectExpenses	RestrictedUnrestricted Funds Funds Total	RestrictedUnrestricted Funds Funds Total	Total
	2022	2022	2022	202L
PathologyCosts	o	37225	37,225	36,875
Other DirectExpenses	0	35087	35,087	21,998
Research& Development	o o	2764 75076	2,764 7sO76	0 58,873

Totalemploymentcosts
	Restricted		Unrestricted
	Funds		Funds		Total		Total
		2022		2022		2022	202L
	€
Grosssalaries		27145	185153			212,298	140,587
Employernationalinsurance		0	13312			L3,3L2	7,931,
Employer pensioncontributions		0		600s		005	72L
Otheradministrativeexpenses
Restricted	Unrestricted
Funds	Funds		Total		Total
	2022	2022		2022		202t
	E		E		f
Advertisingand Marketing		707		707		7,!04
Bankfees		35		36		0
Cleaning		2858		2,959		1,912
ConsultingFees		35070	35,070			5,L50
Depreciation	s558	6774	1'1,772			3,7!2
Entertainment&gifts		2502		2,502		0
Expensesforsponsoredevent		807		807		0
Insurance		11255	11,255			!6,964
lTsoftware& consumables		7195		7,195		14,106
Legalexpenses		569s		5,695		0
Postage &courier		2333		2,333		2,97L
Printi ngandstationery		1329		1,329		0
BusinessRates		348		348		0
Rent	30050	13924	43,974			1,4,763
Staff meetings		451.		457		0
Stafftraining		6543		6,543		0
Subscriptions		5092		5,O92		4,296
Telephone&internet		63		63		2,M6
Travelcosts		1387		L,387		1,653
Othergeneralexpenses	31708	2032 .,LO:,741	L4	2,O32 t'y9		4,733 __73,710

Fortheyearended31M	arch2022
	Hearts MilkBank	Charity	Total
lncome
Grants-external	35,000.00	110,023.80	145,023.80
Other Revenue-nongrant	166.60	0.00	166.60
Sales	'177,175.00	0.00	177,175.00
DeferredRevenue	35,000.00	0.00	35,000.00
Total lncome	247,341.60	110,023.80	357,365.40
DirectE:<penses Fathology Other DirectBpenses Total CostofSales	37,224.90 35,086.93 72,311.83	0.0037,224.90 0.0035,086.93 0.0072,311.83
GrossSurplus	175,029.77	110,023.80	285,053.57
AdminisirativeCosts
Accomrnodation	33.32	0.00	33.32
Advertising& ttlarketing	183.97	522.79	706.76
Audit&Accountancy fees	0.00	499.80	499.80
BankFees	12.2s	23.80	36.05
Cleaning	2,858.00	0.00	2,858.00
Consulting	19,695.00	15,375.00	35,070.00
Depreciation Expense	11,551.66	220.14	11,771.80
Ertertainnpnt -0%	846.t8	1,583.63	2,429.81
Entertainnent-100%business	42.OO	30.00	72.OO
E\pensesforsponsoredevents	0.00	807.31	807.31
General Erpenses	683.57	221.79	905.36
lnsurance	7,393.00	3,861.59	11,254.59
lT SofWvare and Consunnbles	6,312.88	882.59	7,195.47
Legal Expenses	4,695.'t3	1,000.00	5,695.'13
Light,Fower,Fleating	142.40	0.00	142.40
IVlotorVehicleExpenses	380.06	0.00	380.06
Fensions Costs	4,153.25	1,851.84	6,005.09
fostage,Freight & Courier	2,236.00	96.51	2,332.51
Printing &Stationery	1,213.92	114.72	1,328.64
Rates	348.16	0.00	348.16
Rent	43,973.97	0.00	43,973.97
Repairs&Maintenance	71.25	0.00	71.25
Salaries	't46,452.75	65,845.14	212,297.85
StafflVleetings	204.88	246.06	450.94
StaffTraining	6,543.33	0.00	6,543.33
Subscriptions	4,628.41	463.60	5,092.01
Telephone & lnternet	63.33	0.00	63.33
Travel-National	1,361.03	26.28	1,387.31
EnployerNlContributions	7,435.47	5,876.71	13,312.18
R&D	2,763.99	0.00	2,763.99
TotalAdministrativeCosts	276,279.16	99,549.30	375,828.46
OperatingSurplus/(Deficit)	(101.249.39)10.474.sO		(90,774.89)

Other lncome
Donations Donations withgiftaid Gift Aid	56.15101,071.09101,127.24 0.006,187.646,187.64 0.004,625.144,625.14
Total Other lncome	56.15111,883.87111,940.02