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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 3
Independent
Examiner's		 Report
Statement ofFinancial Activities
Salance Sheet 6 to 7
Cash Flow Statement
Notes to the Cash Flow Statement
Notes tothe Financial Statements 10 to 18
Detailed Statement
of Financial Activities		 19 to 20

2023 2022
Unrestricted Restricted Endowment Total Total
Notes funds
I		 funds
6		 funds
E		 funds
I		 fundsI
INCOME AND
ENDOWMENTS
FROM
Donations
and legacies		 3 257,659 257,659 436,125
Other trading
activities		 4 34,424 115,394 149,818 127,304
Investment
income		 5 25,186 25,186 16,626
Total 292,083 115,394 25,186 432,663 580,055
EXPENDITURE ON
Raising funds 6 31,280 31,280 54,373
Charitable activities
Untestrict 16,167
Grant
Alternative
Research		 229,432 229,432 262,302
Training
School
Management
it Admin		 353,924 8,591 362,515 275,874
Other 1,937 1,937 80
Total 387,141 229,432 8,591 625,164 608,796
Net gains/(losses)
on
investments 32,402 (102,373) (69,971) 38,415
NET
INCOME/(EXPENDITURE)
Transfers between funds		 17 (62,656)
(176,555)		 (114,038)
248,558		 (85,778)
(72,003)		 (262,472) 9,674
Net movement
in funds		 (239,211) 134,520 (157,781) (262,472) 9,674
RECONCILIATION OF
FUNDS
Total funds brought forward 705,982 (72,002) 1,048,345 1,682,325 1,672,651
TOTAL FUNDS CARRIED
FORWARD 466,771 62,518 890,564 1,419,853 1,682,325

2023 2022
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
Notes E E E E E
FIXEDASSETS
Tangible assets 13 4,180 4,180 1,223
Investments 14 239,742 890,564 1,130,306 1,216,085
243,922 890,564 1,134,486 1,217,308
CURRENT ASSETS
Debtors 15 75,330 62,518 137,848 113,491
Cash at bank 332,498 332,498 478,951
407,828 62,518 470,346 592,442
CREDITORS
Amounts
falling due within
one year 16 (184,979) (184,979) (127,425)
NET CURRENT ASSETS 222,849 62,518 285,367 465,017
TOTAL ASSETS LESS
CURRENT LIABILITIES 466 771 62~518 890~564 lg419y853 1~682~325
NET ASSETS 466,771 62,518 890,564 1,419,853 1,682,325
FUNDS 17
Unrestricted
funds		 466,771 705,982
Restricted
funds		 62,518 (72,002)
Endowment
funds		 890,564 1,048,345
TOTAL FUNDS 1,419,853 1,682,325

for t
he year ended 3		 1March 2023
Notes 2023
E		 2022
I
Cash flows from operating
activities
Cash generated
from operations		 1 (173,962) (125,553)
Net cash used
in operating
activities		 (173,962) (125,553)
Cash flows from investing
activities
Purchase oftangible
fixed assets
Purchase offixed asset investments		 (477,574) (1,303)
(2,161,646)
Sale offixed asset investments 488,488 2,158,100
Net cash provided
by/(used
in) investing		 activities 10,914 (4,849)
Cash flows from financing
activities
Income attributable
to endowment		 25,186 16,626
Expenditure
attributable
to endowment		 (8,591) (10,711)
Net cash provided
by financing
activities		 16,595 5,915
Change
in cash and cash
equivalents
in the reporting
period
Cash and cash equivalents
atthe
beginning
ofthe reporting
period		 (146,453)
478,951		 (124,487)
603,438
Cash and cash equivalents
atthe
end ofthe reporting
period		 332,498 478,951


OPERATING ACTIVITIES
2023
I		 2022
6
Net (expenditure)/income
for the reporting
the Statement ofFinancial Activities)
Adjustments
for:		 period (as per (262,472) 9,674
Depreciation
charges		 1,937 80
Losses/&gain)
on investments		 69,971 (38,415)
Income attributable
to endowment
Expenditure
attributable
to endowment		 (25,186)
8,591		 (16,626)
10,711
Increase
in debtors
Increase/(decrease)
in creditors		 (24,357)
57,554		 (39,029)
(51,948)
Net cash used in operations (173,962) (125,553)

ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22
I		 Cash flow
6		 At 31.3.23
Net cash
Cash at bank 478,951 (146,453) 332,498
478,951 (146,453) 332,498
Total 478,951 (146,453) 332,498

2023 2022
Unrestricted Restdicted Endowment Total Total
funds funds funds funds funds
E E E E E
Transfer from FRAME (1) 1
Donations
GiR aid		 30,856
3,445		 (1) 30,855
3,445		 38,107
3,586
Legacies 223,359 1 223,359 394,432
257,659 257,659 436,125
OTHER TRADING ACTIVITIES
2023 2022
Unrestiicted Restricted Endowment Total Total
funds funds funds funds funds
E E E E E
Fundraising 31,802 31,802 26,800
Publications 115,394 115,394 97,488
Training school 2,622 2,622 3,016
34,424 115,394 149,818 127,304
INVESTMENT INCOME
2023 2022
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
E E E E E
Investment income 25,186 25,186 16,626
RAISING FUNDS
Raising donations and legacies
2023 2022
Unrestricted Restdicted Endowment Total Total
funds funds funds funds funds
E E E E E
Travel and subsistence 2,513 2,513 890
Advertising 23,988 23,988 49,906
Subscriptions 2,596 2,596 2,373
Printing 715 715 987
Staff training and
development 1,468 1,468 217
31,280 31,280 54,373

Grant
funding of
Direct activities
Costs (see (see note
note 8)
I		 9)I Totals
I
Alternative Research 1,542 227,890 229,432
Management lk Admin 362,515 362,515
364,057 227,890 591,947
8. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
6 6
Staff costs 298,754 229,591
Printing 702
Postage 341 604
Utilities (324)
Stationery 561 521
Sundries 1,112 251
Subscriptions 860 618
ICT maintenance 3,384 5,703
Training School consultancy 15,300 15,300
Legal and professional fees 10,148 31,881
Research and dissemination 2,876 906
Telephone 572 962
Insurance 3,498 3,495
Foreign exchange
gain/loss
VAT		 6,489 (36)
16,167
Accountancy fees 15,862 17,870
Independent examination fees 4,300 4,300
364,057 328,511
9. GRANTS PAYABLE
2023
6		 2022
I
Alternative Research 227,890 225,832
The total gramts
paid		 to institutions in the year are:
2022 2021
University of Nottingham 200,000 200,000
University of Reading 3,250
University of Cardiff 2,500
University of Oxford 2,960
University of Birmingham 5,000
University of York 2,769
University of Plymouth 2,820
University of Newcastle 2,005 3,497
University of Hull 7,308
University of Huddersfield 3,000
Aston
University		 3,125
University of Strathclyde 2,033 6,567
University of Manchester 3,533
Robert Gordon
University		 3,355
227,890		 225,832

2023 2022
E E
Wages and salaries 251,660 173,394
Social security costs 26,427 33,399
Other pension costs 20,667 22,798
298,754 229,591

The average
monthly
number
ofem		 ployees
during
the year		 was as follo ws:
2023 2022
Charitable
activities		 10 7
No employees
received emoluments		 in excess ofE60,000.
TANGIBLE FIXEDASSETS
Fixtures
and Computer
fittings equipment Totals
E E E
COST
At 1 April 2022 328 29,553 29,881
Additions 4,894 4,894
At 31 March 2023 328 34,447 34,775
DEPRECIATION
At 1April 2022 28,658 28,658
Charge for year 1,937 1,937
At 31March 2023 30,595 30,595
NET BOOK VALUE
At 31 March 2023 328 3,852 4,180
At 31 March 2022 328 895 1,223

FIXEDASSET INVESTMENTS
Listed
investments
I
MARKET VALUE
At 1April 2022 1,216,085
Additions 477,574
Disposals (497,058)
Revaluations (66,295)
At 31March 2023 1,130,306
NET BOOK VALUE
At 31March 2023 1,130,306
At 31March 2022 1,216,085
Cost or v alua tion
at 31 March 2023 is represented
by		 :
Listed
investments
6
Valuation in 2022 1,216,085
Valuation in 2023 (85,779)
1,130,306

DEBTORS:A MOUNTS
FALLING DUE WITHIN ONE		 YEAR
2023
I		 2022
I
Trade debtors 16,909 6,000
VAT 1,148 723
Prepayments and accrued income 119,791 106,768
137,848 113,491

CREDITORS: AMO U NTS FALLING D UE WITHIN ONE YEAR
2023 2022
6 6
Trade creditors 64,170 112,930
Social security and other taxes 7,958 5,640
Other creditors 2,851 8,200
Accruals and deferred income 110,000 655
184,979 127,425
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22
E		 in funds
E		 funds
I		 31.3.23
Unrestricted
funds
General
fund		 672,220 (62,656) (176,555) 433,009
Training
School		 Fund 33,762 33,762
705,982 (62,656) (176,555) 466,771
Restricted funds
Alternative
Research
ATLA Fund		 Fund (248,779)
114,259		 (229,431)
115,393		 248,558 (229,652)
229,652
Dogs Project Fund 20,299 20,299
Education
Fund		 (805) (805)
PiLAS Fund 43,024 43,024
(72,002) (114,038) 248,558 62,518
Endowment
funds
FRAME Bill Annett Annual Lecture
Fund 50,000 50,000
FRAME Endowment Fund 998,345 (85,778) (72,003) 840,564
1,048,345 (85,778) (72,003) 890,564
TOTAL FUNDS 1,682,325 (262,472) 1,419,853

Net moveme n t
in fu		 nds,
included
in		 the above are as foll ows:
Incoming Resources Gains and Movement
resources expended losses in funds
E E 6 E
Unrestricted funds
General
fund		 292,083 (387,141) 32,402 (62,656)
Restricted funds
Alternative
ATLA Fund		 Research Fund 1
115,393		 (229,432) (229,431)
115,393
115,394 (229,432) (114,038)
Endowment funds
FRAME Endowment Fund 25,186 (8,591) (102,373) (85,778)
TOTAL FUNDS 432,663 (625,164) (69,971) (262,472)

Comparatives
for		 move ment
in funds
Net
movement At
At 1.4.21
E		 in funds
I		 31.3.22
I
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
ATLA Fund		 Fund 13,523
16,925		 (262,302)
97,334		 (248,779)
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

Comparative
net mo		 vement
in fund		 s,
included
in the abo		 ve are as follow s:
incoming Resources Gains and Movement
resources
E		 expended
6		 losses
I		 in funds
I
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

A current yea r 12 m onths and prior ye ar 12months
comb		 ined
position
i		 s as follows:
Net Transfers
movement between At
At 1.4.21
6		 in funds funds
I		 31.3.23
E
Unrestricted funds
Generalfund 499,770 109,794 (176,555) 433,009
Training
School Fund		 31,570 2,192 33,762
531,340 111,986 (176,555) 466,771
Restricted funds
Alternative Research Fund 13,523 (491,733) 248,558 (229,652)
ATLA Fund 16,925 212,727 229,652
Dogs Project Fund 20,299 20,299
Education Fund (805) (805)
PiLAS Fund 43,024 43,024
92,966 (279,006) 248,558 62,518
Endowment funds
FRAME 8ill Annett Annual Lecture
Fund 50,000 50,000
FRAME Endowment Fund 998,345 (85,778) (72,003) 840,564
1,048,345 (85,778) (72,003) 890,564
TOTAL FUNDS 1,672,651 (252,798) 1,419,853
incoming Resources Gains and Movement
resources
5		 expended
I		 losses in funds
Unrestricted
funds
General
fund		 755,161 (722,099) 76,732 109,794
Training
School Fund		 3,017 (825) 2,192
Restricted
funds		 758,178 (722,924) 76,732 111,986
Alternative
Research		 Fund 1 (491,734) (491,733)
ATLA Fund 212,727 212,727
Endowment
funds		 212,728 (491,734) (279,006)
FRAME Endowment Fund 41,812 (19,302) (108,288) (85,778)
TOTAL FUNDS 1,012,718 (1,233,960) (31,556) (252,798)


for the year ended 3
1March 2023
2023 2022
6 6
INCOME AND ENDOWMENTS
Donations and legacies
Donations 30,855 38,107
Gift aid 3,445 3,586
Legacies 223,359 394,432
257,659 436,125
Other trading activities
Fundraising 31,802 26,800
Publications 115,394 97,488
Training
school		 2,622 3,016
149,818 127,304
Investment income
Investment income 25,186 16,626
Total incoming resources 432,663 580,055
EXPENDITURE
Raising donations
and legacies
Travel and subsistence		 2,513 890
Advertising 23,988 49,906
Subscriptions 2,596 2I373
Printing 715 987
Staff training and development 1,468 217
31,280 54,373
Charitable activities
Wages 251,660 173,394
Social security 26,427 33,399
Pensions 20,667 22,798
Printing 702
Postage 341 604
Utilities (324)
Stationery 561 521
Sundries 1,112 251
Subscriptions 860 618
ICT maintenance 3,384 5,703
Training
School consultancy		 15,300 15,300
Legal and professional fees 10,148 31,881
Research
and dissemination		 2,876 906
Telephone 572 962
Insurance 3,498 3,495
Foreign exchange gain/loss (36)
VAT 6,489 16,167
Accountancy fees 15,862 17,870
Independent examination fees 4,300 4,300
Carried forward 364,057 328,511

D etailed Statement ofFinancial Activities
for the year ended 31March 2023
2023I 2022
Charitable
activities
Brought forward 364,057 328,511
Grants to institutions 227,890 225,832
591,947 554,343
Other
Depreciation
oftangible		 fixed assets 1,937 80
Total resources expended 625,164 608,796
Net expenditure
before gains		 and
losses (192,501) (28,741)
Realised recognised gains and losses
Realised gains/(losses)
investments		 on fixed asset (69,971) 38,415
Net (expenditure)/income (262,472) 9,674