2022-03-31-accounts - Replacing Animal Research

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		Page
Report ofthe Trustees		1 to	3
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet		6 to	7
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes to the Financial Statements		10 to	19
Detailed Statement of Financial Activities		20 to	21

							2022	2021
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
			Notes	E	E	E	E	E
INCOME AND
ENDOWMENTS	FROM
Donations and legacies			3	436,124			436,125	378,933
Other trading activities				29,971	97,333		127,304	76,320
Investment income						16,626	16,626	24,857
Total				466,095	97,334	16,626	580,055	480,110
EXPENDITURE	ON
Raising funds				54,373			54,373	66,118
Charitable activities
Untestrict				16,167			16,167	19,287
Grant								5,000
Alternative Research					262,302		262,302	202,700
Training School
Management it Admin				265,163		10,711	275,874	200,133
Other				80			80
Total				335,783	262,302	10,711	608,796	493,238
Net gains/(losses)		on
investments				44,330		(5,915)	38,415	182,982
NET
INCOME/(EXPENDITURE)				174,642	(164,968)		9,674	169,854
RECONCILIATION		OF
FUNDS
Total funds brought		forward		531,340	92,966	1,048,345	1,672,651	1,502,797
TOTAL FUNDS CARRIED
FORWARD				705,982	(72,002)	1,048,345	1,682,325	1,672,651

	THE FUND FOR THE REPLACEMENT OF ANIMALS IN MEDICAL EXPERIMENTS (FRAME) CIO Notes tothe Cash Flow Statement for the year ended 31March 2022	THE FUND FOR THE REPLACEMENT OF ANIMALS IN MEDICAL EXPERIMENTS (FRAME) CIO Notes tothe Cash Flow Statement for the year ended 31March 2022	THE FUND FOR THE REPLACEMENT OF ANIMALS IN MEDICAL EXPERIMENTS (FRAME) CIO Notes tothe Cash Flow Statement for the year ended 31March 2022
RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM			OPERATING ACTIVITIES
				2022 I	2021 I
Net income for the reporting ofFinancial Activities)		period (as per	the Statement	9,674	169,854
Adjustments for:
Depreciation charges				80
Gain on investments				(38,415)	(182,982)
Income attributable to endowment Expenditure attributable to endowment				(16,626) 10,711	(24,857) 7,766
Increase in debtors (Decrease)/increase	in creditors			(39,029) (51,948)	(50,068) 42,853
Net cash used ln operations				(125,553)	(37,434)
ANALYSIS OF CHANGES IN NET FUNDS
			At 1.4.21 I	Cash flow I	At 31.3.22
Net cash
Cash at bank and in	hand		603,438	(124,487)	478,951
			603,438	(124,487)	478,951
Total			603,438	(124,487)	478,951

							2022	2021
				Unrestricted	Restricted	Endowment	Total	Total
				funds 6	funds 6	funds	funds I	funds I
Donations				38,107			38,107	33,688
Gift aid				3,586			3,586	1,729
Legacies				394,431			394,432	343,516
				436,124			436,125	378,933
OTHER	TRADING		ACTIVITIES
							2022	2021
				Unrestricted	Restricted	Endowment	Total	Total
				funds 6	funds E	funds I	funds I	funds 6
Fundraising				26,800			26,800	24,645
Publications				155	97,333		97,488	51,675
Training	school			3,016			3,016
				29,971	97,333		127,304	76,320
INVESTMENT INCOME
							2022	2021
				Unrestricted	Restricted	Endowment	Total	Total
				funds I	funds	funds	funds	funds I
Investment		income				16,626	16,626	24,857
RAISING FUNDS
Raising	donations		and	legacies
							2022	2021
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
				I
Travel and subsistence				890			890	65
Advertising				49,906			49,906	62,441
Subscriptions				2,373			2,373	2,154
Printing				987			987	901
Staff training		and
development				217			217	557
				54,373			54,373	66,118

								Grant
								funding	of
							Direct	activities
							Costs (see	(see note
							note 8)	9)		Totals
								E		E
Untestrict							16,167			16,167
Alternative		Research					36,470	225,832		262,302
Management			it Admin				275,874			275,874
							328,511	225,832		554,343
DIRECT	COSTS			OF CHARITABLE ACTIVITIES
								2022		2021
								E		E
Staff costs								229,591		142,042
Printing								702		1,875
Postage								604		412
Utilities								(324)		81
Stationery								521		695
Sundries								251		495
Subscriptions								618		538
ICT maintenance								5,703		2,923
Training	School consultancy							15,300		15,300
Legal and professional					fees			31,881		8,195
Research	and		dissemination					906		1,251
Telephone								962		649
Insurance								3,495		2,805
Repairs										31
Foreign exchange VAT				gain/loss				(36) 16,167		21,128
Accountancy			fees					17,870		14,700
Independent			examination			fees		4,300		4,300
								328,511		217,420
GRANTS	PAYABLE
								2022		2021
										E
Untestrict										2,000
Grant										5,000
Alternative		Research						225,832		202,700
								225,832		209,700

The total follows:	gra	nts paid to i	nstitutions during the year was as
				2022	2021
				E	E
University	of	Nottingham		200,000	202,000
University	of	Cardiiy		2,500	5,000
University	of	Cambridge			2,700
University	of	Strathclyde		6,567
University	of	Oxford		2,960
University	of	Newcastle		3,497
University	of	Huddersfield		3,000
University	of	Hull		7,308
				225,832	209,700
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
				2022	2021
				E
Depreciation		- owned assets		80

STAFF CO	S	TS
							2022	2021
							E	E
wages and		salaries					173,394	100,957
Social secudity costs							33,399	22,630
Other pension costs							22,798	18,455
							229,591	142,042
The average		monthly	number	of employees	during	the year was as follows:
							2022	2021
Charitable	activities						7	5

TANGIBLE FIXE	DASSE	TS
				Fixtures
				and	Computer
				fittings	equipment	Totals
				E		E
COST
At 1 April 2021					28,578	28,578
Additions				328	975	1,303
At 31 March 2022				328	29,553	29,881
DEPRECIATION
At 1 April 2021					28,578	28,578
Charge for year					80	80
At 31 March 2022					28,658	28,658
NET BOOK VALUE
At 31 March 2022				328	895	1,223
At 31 March 2021
FIXEDASSET INVESTMENTS
						Listed
						investments
						E
MARKET VALUE
At 1 April 2021						1,174,124
Additions						2,161,646
Disposals						(2,178,061)
Revaluations						58,376
At 31 March 2022						1,216,085
NET BOOK VALUE
At 31 March 2022						1,216,085
At 31 March 2021						1,174,124
There were no investment		assets outside the UK.
Cost or valuation	at 31 March 2022 is represented		by:
						Listed
						investments
						E
Valuation in 2022						(48,993)
Cost						1,265,078
						1,216,085

							2022	2021 I
Trade debtors							6,000	14,000
VAT							723	26
Prepayments	and		accrued		income		106,768	60,436
							113,491	74,462
CREDITORS:		AMOUNTS			FALLING DUE WITHIN ONE YEAR
							2022	2021
							E	E
Trade creditors							112,930	111,945
Social security		and other			taxes		5,640	4,532
Other creditors							8,200	8,200
Accruals and deferred				income			655	54,696
							127,425	179,373
MOVEMENT	IN FUNDS
							Net
							movement	At
					At	1.4.21	in funds	31.3.22
						E	E	E
Unrestricted		funds
General fund					499,770		172,450	672,220
Training School Fund					31,570		2,192	33,762
					531,340		174,642	705,982
Restricted funds
Alternative Research				Fund	13,523		(262,302)	(248,779)
ATLA Fund					16,925		97,334	114,259
Dogs Project Fund					20,299			20,299
Education Fund						(805)		(805)
PiLAS Fund					43,024			43,024
					92,966		(164,968)	(72,002)
Endowment	funds
FRAME Bill Annett			Annual		Lecture
Fund					50,000			50,000
FRAME Endowment			Fund		998,345			998,345
					1,048,345			1,048,345
TOTAL FUNDS					1,672,651		9,674	1,682,325

Net movement in	fu		nds, i	ncluded	in the a	bove are as foll	ows:
						incoming	Resources	Gains and	Movement
						resources 6	expended E	losses I	in funds
Unrestricted funds
General fund						463,078	(334,958)	44,330	172,450
Training School Fund						3,017	(825)		2,192
						466,095	(335,783)	44,330	174,642
Restricted funds
Alternative Research			Fund				(262,302)		(262,302)
ATLA Fund						97,334			97,334
Endowment funds						97,334	(262,302)		(164,968)
FRAME Endowment			Fund			16,626	(10,711)	(5,915)
TOTAL FUNDS						580,055	(608,796)	38,415	9,674
Comparatives for		movement			in funds
							Net	Transfers
							movement	between	At
						At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General fund						543,989	(45,577)	1,358	499,770
Training School Fund						31,570			31,570
						575,559	(45,577)	1,358	531,340
Restricted funds
Alternative Research			Fund			13,523	(11,474)	11,474	13,523
ATLA Fund						2,925	26,832	(12,832)	16,925
Dogs Project Fund						20,299			20,299
Education Fund						(805)			(805)
PiLAS Fund						43,024			43,024
						78,966	15,358	(1,358)	92,966
Endowment funds
FRAME Bill Annett	Annual			Lecture
Fund						50,000			50,000
FRAME Endowment		Fund				798,272	200,073		998,345
						848,272	200,073		1,048,345
TOTAL FUNDS						1,502,797	169,854		1,672,651

Comparative net	mo	vemen	t in funds, included in the abo	ve are as follo	ws:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			6	5	6	E
Unrestricted funds
Generalfund			404,627	(450,204)		(45,577)
Restricted funds
Alternative Research		Fund	1	(11,475)		(11,474)
ATLA Fund			50,625	(23,793)		26,832
			50,626	(35,268)		15,358
Endowment funds
FRAME Endowment		Fund	24,857	(7,766)	182,982	200,073
TOTAL FUNDS			480,110	(493,238)	182,982	169,854
A current year 12	months		and prior year 12 months combined position		is as follows:
				Net	Transfers
				movement	between	At
			At 1.4.20 I	in funds I	funds	31.3.22
Unrestricted funds
General fund			543,989	126,873	1,358	672,220
Training School Fund			31,570	2,192		33,762
			575,559	129,065	1,358	705,982
Restricted funds
Alternative Research		Fund	13,523	(273,776)	11,474	(248,779)
ATLA Fund			2,925	124,166	(12,832)	114,259
Dogs Project Fund			20,299			20,299
Education Fund			(805)			(805)
PiLAS Fund			43,024			43,024
			78,966	(149,610)	(1~358)	(72~002)
Endowment funds
FRAME Bill Annett	Annual		Lecture
Fund			50,000			50,000
FRAME Endowment	Fund		798,272	200,073		998,345
			848,272	200,073		1,048,345
TOTAL FUNDS			1,502,797	179,528		1,682,325

					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
					6	6	6	6
Unrestricted			funds
General	fund				867,705	(785,162)	44,330	126,873
Training	School Fund				3,017	(825)		2,192
					870,722	(785,987)	44,330	129,065
Restricted		funds
Alternative		Research		Fund	1	(273,777)		(273,776)
ATLA Fund					147,959	(23,793)		124,166
					147,960	(297,570)		(149,610)
Endowment			funds
FRAME	Endowment			Fund	41,483	(18,477)	177,067	200,073
TOTAL	FUNDS				1,060,165	(1,102,034)	221,397	179,528

			for the year ended 3	1March 2022
				2022	2021
				6	6
INCOME AND ENDOWMENTS
Donations	and	legacies
Donations				38,107	33,688
Gift aid				3,586	1,729
Legacies				394,432	343,516
				436,125	378,933
Other trading activities
Fundraising				26,800	24,645
Publications				97,488	51,675
Training school				3,016
				127,304	76,320
Investment	income
Investment	income			16,626	24,857
Total incoming		resources		580,055	480,110
EXPENDITURE
Raising donations			and legacies
Travel and subsistence				890	65
Advertising				49,906	62,441
Subscriptions				2,373	2,154
Printing				987	901
Stalf training	and	development		217	557
				54,373	66,118
Charitable	activities
Wages				173,394	100,957
Social security				33,399	22,630
Pensions				22,798	18,455
Printing				702	1,875
Postage				604	412
Utilities				(324)	81
Stationery				521	695
Sundries				251	495
Subscdiptions				618	538
ICT maintenance				5,703	2,923
Training School consultancy				15,300	15,300
Legal and professional			fees	31,881	8,195
Research and dissemination				906	1,251
Telephone				962	649
Insurance				3,495	2,805
Repairs					31
Foreign exchange VAT		gain/loss		(36) 16,167	21,128
Accountancy	fees			17,870	14,700
Carried forward				324,211	213,120

			etae tatement onanca cves for the year ended 31March 2022
				2022I	2021
Charitable activities
Brought forward				324,211	213,120
Independent examination		fees		4,300	4,300
Grants to institutions				225,832	209,700
				554,343	427,120
Other
Depreciation of tangible		fixed assets		80
Total resources expended				608,796	493,238
Net expenditure before gains losses			and	(28,741)	(13,128)
Realised recognised	gains and losses
Realised gains/(losses) investments	on fixed asset			38,415	182,982
Net income				9,674	169,854