OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-07-31-accounts

Company no. 10255303 Charity no. 1175553

Fifth Sense

Report and Unaudited Financial Statements 31 July 2023

Fifth Sense

Reference and administrative details

**For theyear ended 31 July ** 2023
Company number 10255303
Charity number 1175553
Registered office and Unit 2, Franklins House
operational address Wesley Lane
Bicester
OX26 6JU
Trustees Trustees, who are also directors under company law, who served
during the year and up to the date of this report were as follows:
Deborah Davies appointed 16 March 2023
Azim Karimjee
Esther Kirby resigned 10 August 2023
Robert Meadowcroft
Carl Philpott
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Fifth Sense

Report of the trustees

For the year ended 31 July 2023

The trustees present their report along with the financial statements of the charity for the year ended 31 July 2023.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Objectives and activities

The objectives of the charity as defined in the Articles of Association are:

The main activities undertaken by the charity are:

The trustees, having due regard for the Charity Commission’s guidance on public benefit, regularly review the activities and operations of the charity to ensure that the delivery of public benefit is central to everything that we do.

Achievements and performance

Highlights from the year include:

Service Delivery

Cadent partnership project

October 2022 saw the launch of the Cadent project. Fifth Sense is being funded by Cadent, the UK’s largest Gas Distribution Network, to raise awareness of the importance of the sense of smell to our health, wellbeing and safety and enable people affected by a poor, altered or no sense of smell or taste to stay safe and well at home. The funding is supporting the delivery of our Support and Information Service and Engagement and Education Programme.

This is a significant, ‘world-first’, project. The funding is being provided to Cadent by OfGem to help them safeguard vulnerable customers.

The core message for this work is smell safety. If someone is living with a poor, altered or no sense of smell they will be unable to smell gas or smoke or even spoiled food. To ensure that the message is consistent we have a script that ensures we are talking about staying safe and how our beneficiaries can utilise services like the priority services register (PSR).

2

Fifth Sense

Report of the trustees

For the year ended 31 July 2023

Support and Information Service

People can receive 1-2-1 support and information via email, telephone and virtual calls, and group support through our #LetsTalkSmellAndTaste support and information sessions. We have undertaken at least six events over the past year on acquired and congenital anosmia and parosmia and held one parents group for parents of children with smell and taste disorders.

Engagement and Education Programme

We have developed an education/training package for professional audiences, including health and social care practitioners. This has been delivered in sessions to over 30 NHS Post-Covid Services during the reporting period. The education sessions last about an hour, and we cover a wide area of smell and taste dysfunction. We are also delivering the smell safety education to all those whom we train, and sending them leaflets and other information resources so these can be passed on to patients.

NHS Services we have trained include:

Participants have given very positive feedback on the sessions.

“I knew almost nothing on the topic before Sarah's session. It was a fantastic introduction - I made lots of notes!”

“Intro to website gave me a much wider understanding of impact of smell and taste disorders”.

“Info on safety, the leaflets will be helpful. Knowing what resources to signpost people to and to give people hope that their smell can return”.

“Really well delivered, lots of learning for me, as a doctor. Great resources for our patients.”

We have also engaged with other professional groups including the following:

3

Fifth Sense

Report of the trustees

For the year ended 31 July 2023

Public engagement

Other Engagement Activity

4

Fifth Sense

Report of the trustees

For the year ended 31 July 2023

Research

We have been involved in a range of research collaborations and projects, including:

Lobbying and campaigning

Fundraising

5

Fifth Sense

Report of the trustees

For the year ended 31 July 2023

Financial review

Our financial position on 31 July 2023 remains strong, thanks to the continued funding from Cadent Gas Limited, for which we are truly grateful.

In addition, we received a grant of £3,000 from Sanofi to support our very successful Volunteer Forum in Birmingham in December 2022.

Funds raised in 2022/23

ds raised in 2022/23
Cadent Gas
National Lottery Community Fund
Sanofi
Wine-tasting event
Bringing the Senses Together event
British Society of Perfumers
Other donations
Interest income
Total		 £157,100
£18,213
£3,000
£1,042
£646
£500
£9,008
£196
£189,705

We are very grateful to all our donors and supporters.

Our salary costs for the year accounted for 82% of our total expenditure – details are contained in note 8 to the accounts. Our running costs accounted for 5% of total costs. Full details of our expenditure can be found in note 6 to the accounts.

Our reserves remain robust with the following funds being held at the end of the financial year: Restricted funds

National Lottery Community Fund
Firmenich Foundation
GSK
Sanofi 21
Medtronic
Sanofi 22
Designated funds
Research
Cadent
Unrestricted funds
General
Total		 £0
£4,676
£457
£457
£457
£1,813
£1,253
£80,681
£47,061
£136,855

Full details of fund movements can be found in note 14 to the accounts.

Structure, governance and management

The charity is constituted as a private company limited by guarantee without share capital with an exemption from the requirement to use 'Limited' in the company’s name.

The charity is governed by its Articles of Association which also define the objectives of the charity.

The board of trustees meets regularly every two months to review the performance of the charity including strategy, finance, operations, communications and fundraising.

6

Fifth Sense

Report of the trustees

For the year ended 31 July 2023

The day-to-day management of operations is entrusted to the Chief Executive Officer. The staff are either home-based or work at the principal office of the charity.

As a small charity, we identify potential trustees with the necessary skills, experience and expertise through a number of routes. Newly appointed trustees undertake a tailored induction programme to help them understand the impact of anosmia and related conditions and the current strategy and operational plans of Fifth Sense.

Reserves policy

Fifth Sense holds reserves against anticipated future expenditure, principally due to the uncertain nature of the charity’s future income streams.

The aim of the trustees is to hold reserves to enable the charity to operate for up to 6 months without income, so as to enable transitional arrangements to be put in place (should such arrangements be feasible) or to wind down the activities of the charity in a manner so as to cause the least disruption to our beneficiaries.

Each year, when reviewing the annual accounts, the trustees consider the appropriate level of reserves, taking into account the current and planned levels of expenditure.

If at any time reserves are less than 3 months of planned expenditure with no prospect of other sources of income, a board meeting will be convened to consider appropriate action.

The general reserves stood at £47,061 on 31 July 2023. As we have agreed funding in place from Cadent, the trustees consider the current level of reserves to be satisfactory.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law 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 income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

7

Fifth Sense

Report of the trustees

For the year ended 31 July 2023

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 21 March 2024 and signed on their behalf by

Azim Karimjee

Azim Karimjee - Trustee

8

Independent examiner's report

To the trustees of

Fifth Sense

I report to the trustees on my examination of the accounts of Fifth Sense (the charitable company) for the year ended 31 July 2023, which are set out on pages 10 to 22.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Godfrey Wilson Limited also provides payroll services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 21 March 2024 Rob Wilson FCA Member of the ICAEW For and on behalf of:

Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

9

Fifth Sense

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 July 2023

Note
Income from:
Donations
3
Charitable activities
4
Income from other trading activities
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) and net
movement in funds		 Restricted Unrestricted
£
£
21,213
10,155
-
157,100
-
1,042
-
196
21,213
168,493
-
30,190
53,779
88,531
53,779
118,721
(32,566)
49,772
40,426
79,223
7,860
128,995		 2023
Total
£
31,368
157,100
1,042
196
189,706
30,190
142,310
172,500
17,206
119,649
136,855		 2022
Total
£
112,234
41,301
-
-
153,535
5,389
98,756
104,145
49,390
70,259
119,649

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the accounts.

10

Fifth Sense

Balance sheet

As at 31 July 2023

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
12
Net current assets
Net assets
13
Funds
14
Restricted funds
Unrestricted funds:
Designated funds
General funds
Total charity funds		 £
47,210
105,352
152,562
(18,404)		 2023
£
2,697
134,158
136,855
7,860
81,934
47,061
136,855		 2022
£
-
47,370
80,556
127,926
(8,277)
119,649
119,649
40,426
35,661
43,562
119,649

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 21 March 2024 and signed on their behalf by

Azim Karimjee

Azim Karimjee - Treasurer

11

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Fifth Sense 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 note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves and ongoing funding from Cadent until 30 June 2025. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from contracts is recognised in line with the stage of completion.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

12

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

1. Accounting policies (continued)

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between the cost of raising funds and expenditure on charitable activities, based on the proportion of direct costs, as follows:

2023 2022
Raising funds 18% 5%
Charitable activities 82% 95%

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment 3 years

Items of equipment are capitalised where the purchase price exceeds £500.

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

13

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

1. Accounting policies (continued)

m) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1)h) above.

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income and net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted
£
£
100,918
11,316
-
41,301
100,918
52,617
-
5,389
89,404
9,352
89,404
14,741
11,514
37,876
28,912
41,347
40,426
79,223
Unrestricted		 2022
Total
£
112,234
41,301
153,535
5,389
98,756
104,145
49,390
70,259
119,649

14

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

3. Income from donations

Grant income:
National Lottery Community Fund
Sanofi
Individual donations and other fundraising:
British Society of Perfumers
Other
Total income from donations
Prior year comparative
Grant income:
National Lottery Community Fund
GlaxoSmithKline UK
Medtronic
Sanofi
Individual donations and other fundraising
Total income from donations
Income from charitable activities
Conference income
Contract income
Total income from charitable activities		 Restricted
£
£
18,213
-
3,000
-
-
500
-
9,655
21,213
10,155
Restricted
£
£
93,418
-
2,500
-
2,500
-
2,500
-
-
11,316
100,918
11,316
2023
Restricted
Total
£
£
£
-
-
-
-
157,100
157,100
-
157,100
157,100
Unrestricted
Unrestricted
Unrestricted		 2023
Total
£
18,213
3,000
500
9,655
31,368
2022
Total
£
93,418
2,500
2,500
2,500
11,316
112,234
2022
Total
£
2,026
39,275
41,301

4. Income from charitable activities

All income from charitable activities in the prior year was unrestricted.

5. Government grants

The charitable company received a government grant, defined as funding from the National Lottery Community Fund to fund charitable activities. The total value of this grant in the period ending 31 July 2023 was £18,213 (2022: £93,418). There are no unfulfilled conditions or contingencies attaching to these grants in 2022/23.

15

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

6. Total expenditure

Raising
funds
£
Fundraising expenses
7,554
Activity costs
-
Accountancy
-
Insurance
-
Running costs
-
Recruitment
-
Staff costs (note 8)
18,526
Travel expenses
-
Other staff costs
-
Sub-total
26,080
Allocation of support and governance costs
4,110
Total expenditure
30,190
Total governance costs were £2,742 (2022: £1,726).
Prior period comparative
Raising
funds
£
Fundraising expenses
1,079
Activity costs
-
Accountancy
-
Priority Setting Partnership expenses
-
Insurance
-
Running costs
-
Recruitment
-
Staff costs (note 8)
3,571
Web development
-
Sub-total
4,650
Allocation of support and governance costs
739
Total expenditure
5,389		 Charitable
activities
£
£
-
-
9,686
-
-
2,742
-
1,032
-
9,329
-
150
113,254
9,263
-
570
-
394
122,940
23,480
19,370
(23,480)
142,310
-
Charitable
activities
£
£
-
-
11,921
-
-
1,726
4,550
-
-
751
-
7,247
-
3,064
66,495
1,497
2,244
-
85,210
14,285
13,546
(14,285)
98,756
-
Support and
governance
costs
Support and
governance
costs		 2023
Total
£
7,554
9,686
2,742
1,032
9,329
150
141,043
570
394
172,500
-
172,500
2022 Total
£
1,079
11,921
1,726
4,550
751
7,247
3,064
71,563
2,244
104,145
-
104,145

16

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

7. Net movement in funds This is stated after charging:

This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (excluding VAT)
Other services (excluding VAT)		 2023
£
Nil
77
1,925
512		 2022
£
Nil
1,112
1,750
462

Payments for travel and subsistence (2022: travel, subsistence and IT costs) totalling £77 (2022: £1,112) were made to one trustee (2022: three trustees) during the year.

8. Staff costs and numbers Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2023
£
126,765
6,648
7,630
141,043		 2022
£
65,776
1,475
4,312
71,563

No employee earned more than £60,000 during the year or prior year.

The key management personnel of the charity comprise the trustees and chief executive. The total employee benefits of the key management personnel were £74,224 (2022: £29,946).

Average head count 2023
No.
3		 2022
No.
2

9. Taxation

The charity has no corporation tax liability as all its income is charitable and is applied for charitable purposes.

17

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

10. Tangible fixed assets
Cost
At 1 August 2022
Additions in year
At 31 July 2023
Depreciation
At 1 August 2022
Charge for the year
At 31 July 2023
Net book value
At 31 July 2023
At 31 July 2022		 £
-
2,697
2,697
-
-
-
2,697
-
Computer
equipment		 Total
£
-
2,697
2,697
-
-
-
2,697
-

No depreciation has been charged in 2023, as these assets were purchased just before the year end.

11. Debtors

11. Debtors
Trade debtors
Prepayments
Other debtors
12. Creditors: amounts due within 1 year
Trade creditors
Accruals
Taxation and social security
VAT
Other creditors		 2023
£
47,130
-
80
47,210
2023
£
3,374
4,248
3,494
6,524
764
18,404		 2022
£
47,130
240
-
47,370
2022
£
-
1,800
1,433
4,368
676
8,277

18

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

13. Analysis of net assets between funds
Restricted
funds
£
Tangible fixed assets
-
Current assets
9,610
Current liabilities
(1,750)
Net assets at 31 July 2023
7,860
Prior period comparative
Restricted
funds
£
Current assets
42,226
Current liabilities
(1,800)
Net assets at 31 July 2022
40,426		 £
-
98,364
(16,430)
81,934
£
40,029
(4,368)
35,661
Designated
funds
Designated
funds		 General
funds
£
2,697
44,588
(224)
47,061
General
funds
£
45,671
(2,109)
43,562		 Total
funds
£
2,697
152,562
(18,404)
136,855
Total
funds
£
127,926
(8,277)
119,649

19

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

14. Movements in funds

Restricted funds
National Lottery Community
Fund
Firmenich Charitable Trust
GlaxoSmithKline
Sanofi 21
Medtronic
Sanofi 22
Total restricted funds
Designated funds:
Research fund
Cadent Gas
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 £
34,379
4,676
457
457
457
-
40,426
1,253
34,408
35,661
43,562
79,223
119,649
At 1
August
2022		 Income
£
£
18,213
(52,592)
-
-
-
-
-
-
-
-
3,000
(1,187)
21,213
(53,779)
-
-
157,100
(110,827)
157,100
(110,827)
11,393
(7,894)
168,493
(118,721)
189,706
(172,500)
Expenditure		 £
-
-
-
-
-
-
-
-
-
-
-
-
Transfers
between
funds		 £
-
4,676
457
457
457
1,813
At 31
July 2023
7,860
1,253
80,681
81,934
47,061
128,995
136,855

Purposes of restricted funds National Lottery Community Fund

This fund has been used to deliver the outcomes and activities detailed in our 3 year development plan, as presented to and approved by the NLCF when awarding us this funding and in subsequent reviews. This project has now been completed.

Firmenich Charitable Trust

This fund is being used to develop and test smell training aids.

GlaxoSmithKline

This fund was provided, and has been used, to support the Fifth Sense National Conference held in Nov 2021. Permission has now been received to apply the remaining funds to the FS National Conference 2023.

Sanofi 21

This fund was provided, and has been used, to support the Fifth Sense National Conference held in Nov 2021. Permission has now been received to apply the remaining funds to the FS National Conference 2023.

20

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

14. Movements in funds (continued)

Medtronic

This fund was provided, and has been used, to support the Fifth Sense National Conference held in Nov 2021. Permission has now been received to apply the remaining funds to the FS National Conference 2023.

Sanofi 22

This fund was provided, and has been used, to support the Fifth Sense Volunteer Training event held in Dec 2022. Permission has now been received to apply the remaining funds to the FS National Conference 2023 if needed or to other volunteer related activities.

Purposes of designated funds

Research fund

This fund will be used to support research projects which seek to identify the needs and potential quality of life improvements of people with smell and taste disorders.

Cadent Gas This fund will be used to deliver the outcomes and activities detailed in the Cadent Service Agreement Contract, as amended by agreement with Cadent in reviews.

Prior period comparative
Restricted funds
National Lottery Community
Fund
Firmenich Charitable Trust
GlaxoSmithKline
Sanofi 21
Medtronic
Total restricted funds
Designated funds:
Research fund
Cadent Gas
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
August
2021
£
20,862
8,050
-
-
-
28,912
940
-
940
40,407
41,347
70,259		 Income
£
£
93,418
(79,901)
-
(3,374)
2,500
(2,043)
2,500
(2,043)
2,500
(2,043)
100,918
(89,404)
313
-
39,275
(4,867)
39,588
(4,867)
13,029
(9,874)
52,617
(14,741)
153,535
(104,145)
Expenditure		 Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 At 31 July
2022
£
34,379
4,676
457
457
457
40,426
1,253
34,408
35,661
43,562
79,223
119,649

21

Fifth Sense

Notes to the financial statements

For the year ended 31 July 2023

15. Related party transactions

During the year, the charity received total donations without conditions from related parties of £900 (2022: £438). There were no amounts outstanding at year end (2022: none).

22