|||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|