2023-03-31-accounts - The Human Milk Foundation

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Registered	Charity Number:	1172522
Chair:		Interim —Tina Crombie
Treasurer:		Andy Hodge FCA CTA
Trustees:		Graeme Allinson (resigned		as Chair and atrustee on
		27June 2022)
		Tina Crombie (appointed		interim	chair on 21March
		2023)
		Dr.James Flanagan (resigned 1August 2022)
		Andy Hodge
		Dr. Gemma Partridge
		Emma Pickett (appointed		27June	2022)
		Simon Morley (appointed		21March 2023)
		Jim Rennie (appointed	21	March	2023)
Registered Office:		Rothamsted Institute
		Harpenden
		Hertford shire
		AL52JQ
Independent	Examiner:	Duncan Brown FCA
Bankers:		Nat West Bank
		22, George Street
		Richmond
		Surrey
		TW9 1JW

			Page
Independent	Examiner's	report
Trustees' report
Balance sheet
Statement of	financial activities		10
Notes tothe Financial Statements			11
Supplemental	Financial	Information	15

	THE	HUMAN	MILK	FOUNDATION	FOUNDATION
		BALANCESHEET
		AT31	MARCH 2023
				Note	2023	2022
					Total	Total
					f
Fixed Assets					76,658	72,731
Current assets
Debtors					50,775	32,925
Accrued income					3,096	6,148
Bank Accounts					72,936	123,468
VAT recoverable					5,102	8,210
Total current assets					131,909	170,750
Current liabilities
Accounts payable					(9,740)	(10,124)
Chair ofTrustees'	Loan				0	(4,126)
Pensions payable					(2,223)	0
Total current liabilities					(11,963)	(14,250)
Current assets less current liabilities					119,946	156,501
Net assets					196,604	229,232
Equity
Unrestricted funds					129,422	160,870
Restricted funds					67,182	59,127
Designated funds					0	9,235
Totalfunds					196,604	229,232

		Note			2023	2022
			Unrestricted f	Restricted	Totalf	Total f
				(Note 8)
Incoming resources
Voluntary income			63,426	0	63,426	111,940
Income from Donor Human	Milk		223,948	0	223,948	177,175
Grants &other income			210,775	24,273	235,048	180,190
Total incoming resources			498,149	24,273	522,422	469,305
Resources expended
Direct Expenses		9	82,673	0	82,673	75,076
Total Employment Costs		10	309,798	0	309,798	231,615
Other administrative expenses		11	147,320	15,259	162,579	141,449
Total resources expended			539,791	15,259	555,050	448,140
Transfers between funds			959	(959)	0
Net movement in funds			(40,683)	8,055	(32,628)	21,165
Total funds brought forward			170,105	59,127	229,232	208,067
Total funds carried forward			129,422	67,182	196,604	229,232
			Unrestricted	Restricted	Total	Total
			f	f	f	f
Total Funds
Balance brought forward			170,105	59,127	229,232	208,067
Surplus/(Deficit) forthe year			(40,683)	8,055	(32,628)	21,165
			129,422	67 182	196,604	229,232
Total funds at31March			f129,422	f67,182	196,604	229,232

Cost	f		f	f		f
At 1April 2022	3,607	3,489	2,700	80,516		90,312
Additions	1,383		23333	1,160	731	26,607
Disposals
At 31March 2023	4,990	3,489	26,033	81,676	731	116,919
Depreciation
At 1April 2022	2,086	1,027	1,165	13,303		17,581
Charge forthe year	1,402	1,418	3,552	16,194	114	22,6&0
Adjustment on disposals
At 31March 2023	3,488	2,445	4,717	29,497	114	40,261
Net BookValue at31March 2023	1,502	1,044	21,316	52,179	617	76,658
Net BookValue at31March 2022	1,521	2,462	1,535	67,213		72,731

Amounts	falling due within one year:	2023 f	2022f
Accounts	receivable from NHS Hospitals	50775	32925
Accrued	Income

Voluntary
	202$ f	2022f
Donations	58,047	107,315
Gift Aid	5,379	4,625
	63,426	111,940

Balance at 1April 2022			59,127
Grants &Other Income	(New Electric Car)		24,273
Total Restricted Funds	Received		83,400
Operating expenditure	out ofrestricted funds:-
Other administrative expenses —depreciation		15,259
Transfer offunds from	restricted to unrestricted	959
			(16,218)
Balanceat31March20	23		67182

Direct Expenses	Restricted	Unrestricted
	Funds	Funds	Total	Total
	2023	2023	2023	2022
			f	f
Pathology Costs		41,121	41,121	37,225
Other Direct Expenses		38,310	38,310	35,087
Research &Development		3,242	3,242	2,764
		82,673	82,673	75,076

Total employment	costs
		Restricted	Unrestricted
		Funds	Funds	Total	Total
		2023 f	2023 f	2023f	2022 f
Gross salaries		0	281,518	281,518	212,298
Employer national	insurance	0	20,128	20,128	13.312
Employer pension	contributions	0	8,152	8,152	6,005
		0	309798	309798	231615

Other administrative	ex	penses
			Restricted	Unrestricted
			Funds	Funds	Total	Total
			2023	20?3	20?3	2022
			f	f	f	f
Advertising and Marketing			0	2,791	2,791	707
Audit &Accountancy	Fees		0	5,845	5,845	500
Bank fees			0	386	386	36
Cleaning			0	2,714	2,714	2,858
Consulting Fees			0	33,495	33,495	35,070
Depreciation			15,259	7,421	22,680	11772
Entertainment &gifts			0	1,379	1,379	2,502
Expenses for sponsored		event	0	1,938	1,938	807
Insurance			0	1,429	1,429	11,255
ITsoftware &consumables			0	5,836	5,836	7,195
Legal expenses			0	1.227	1,227	5,695
Postage &courier			0	2,838	2,838	2333
Printing and stationery			0	1,974	1,974	1,329
Business Rates			0	4,927	4,927	348
Rent			0	44,158	44,158	43,974
Repairs &Maintenance			0	1,746	1,746	0
Staff meetings			0	5,909	5,909	451
Staff training			0	5,366	5,366	6,543
Subscriptions			0	9,210	9,210	5,092
Travel costs			0	4,282	4,282	1,387
Other general expenses			0	2,449	2,449	1,532
			15,259	147,320	162579	141,386

Forthe year e	nd	ed 31 March 2	023
Account			Hearts Milk Bank	Chari	Total
ratin Income
Grants - external			58,833.33	175,440.00	234473.33
Grants received - internal			30,000.00	(30,000.00)	0.00
Other Revenue - non	grant		0.00	774.96	774.96
Provision ofIVIkto NHS		Hospihls	223,948.25	0.00	223,94825
Total Operathg Income			312,781.58	146+14.$6	458,$96.54
Direct Expenses			38,152.86	158.16	38,311.02
Pathology			41,120.56	0.00	41,120.56
Total t8rect Costa			7$$73A2	158.16	7$,43158
			233508.16	146,05680	376+64.$6
Administrative Costa
Accommod alon			538.99	0.00	538.99
Advertising 8 Marketing			2,045.50	745.18	2,790.68
Audit &Accountancy	1'ees		4,550.00	1,294.70	5,844.70
Bank Fees			138.60	247.47	386.07
Charitable and PoIIcal Donations			10.00	0.00	10.00
Cleaning			2,713.67	0.00	2,713.67
Consulting			21,495.00	12,000.00	33,495.00
Depreciation Expense			22,327.73	353.34	22,681.07
Entarhinment- 0%			782.38	345.00	1,127.38
Entertainment-100%	business		251.34	0.00	251.34
Expenses forsponsored		events	210.50	1,727.44	1,937.94
General Expenses			874.56	211.47	1,086.03
Insurance			1,428.92	0.00	1,428.92
ITSofhvare and Cons umables			5,753.69	81.95	5,835.64
Legal Expenses			1,226.50	0.00	1,226.50
Light, Power, Heating			65.67	0.00	65.67
Motor Vbhide Expenses			647.95	0.00	647.95
Pensions Cosh			5,894.63	2,257.67	8,152.30
Postage, Freight 8 Courier			2,837.61	0.00	2,837.61
Printing 8 Starionery			1,928.02	46.23	1,974.25
Rates			4,927.09	0.00	4,927.09
Rent			44,158.28	0.00	44,15828
Repairs &Maintenance			1,745.98	0.00	1,745.98
Salaries			204,461.43	77,056.98	281,518.41
StaffMeetings			3,254A9	2,654.20	5,908.69
ShffTraining			5,366.13	0.00	5,366.13
Subscnpfions			8,222.88	987.40	9,210.28
Subsistence			40.53	0.00	40.53
Telephone 8 Internet			60.00	0.00	80.00
Travel - National			4,207.50	74.30	4,281.80
Employer Nl ConafbuBons			13,014.87	7,113.47	20,128.34
R&D			3,241.53	0.00	3,241.53
Total Administrative	Cosh		368A21AI7	107,196Alg	4751618.77
Net ra S		Defhlt	134+1381	38+60.OO	$6PBMI1
Other Income
Donations			126.90	41,168.02	41,294.92
Donations with gilt aid			0.00	16,752.54	16,752.54
Gift Aid			0.00	5,379.20	5,379.20
Total Other Income			126AIO	53p$$.7e	63A2886
Net S IDefhlt			134,786JI1	102,1S$.76	32,627.15