Charity No.. 1176317 NRT Accounts For The Year Ended 31 December 2021 (g mha MOORE & SMALLEY
NRT CONTENTS Charity Details Annual Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Receipts and Payments Account
NRT CHARITY DETAILS Trustees: Graham Servante Peter Barton Julie Barton Reglstered offlce: Fernie House Rosside Ulverslon LA12 7NS Independent Examiner: Nicola Mason FCA, DChA MHA Moore and Smalley Richard House Winckley Square Preston PR13HP Bankers: Bardays Page 1
NRT ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees present their report and accounts for the year ended 31 December 2021, which have been prepared on a receipts and payments basis. The financial statements have been prepared in accordance with the charity s constitution and applicable law. Structure, governance and management NRT is a Charitable Incorporated Organisalion ICIOI with its constitution being dated 15 December 2017. The CIO obtained charrtable status on 15 December 2017. Training and instructions are provided for new trustees by means of meetings wfth the current trustees and the provision of dumentation in relation to responsibilities and pr0dUreS. The Trustees are shown on page 1. Objectives, activitios. achievements. perfomiance and public benefit The objects are, to advance the understanding andlor treatment of Neurological diseases by making grants lo the UCL Institute of Neurology and, potentially, to other similarly well established cenlres for neurological disease research. In planning our activities for the year, we have taken into account the Charity Commission's guidance on public benefit al our trustee meetings. Over 4 million people in the UK are living with a neurodegeneralive disease. More people are likely to die from neurological disease than from Cancer or Heart Disease yel neurological research Is currently much less well funded. NRT'S objective is to provide start-up finance for practical neurological research in less well fLJnded areas. All NRT costs are personally mel by the Trustees which means that 100,10 of any donation goes directly into practical research. Achlevements and performance The Trustees are delighted that NRT has raised £121,174 during the year from a combination of grants and donations. This has again come from a variety of grants and donations. The Trustees are particulady grateful to the Sir John Fisher Foundation for their continued support. During the year NRT donated £55,000 to assist The National Brain Appeal in appointing a consultant level neurologist to coordinate and undertake specific aspects of neurological research. The NRT also donated £56,934 to University College London towards the development of genetic therapies. Financial review The net income for the year was £9,240 12020.. Net income of £56,880) as shown in the receipts and payments account on page 5. All expenses and overheads continue to be met by the Trustees. Cash Is held by NRT lo cover grants made or expected to be made lo approved projects. Further projects are approved as and when the Trustees are confident they will have sufficient funds to support those projects. As at 31 December 2021 cash held was £157,315. Although the unrestricted funds were in deficit at the year end, further donations have been received after date to increase the level of reserves held. Plans for future periods Going forward the charity will aim to increase income generation year on year. The trustees look forward lo onb'nuing their support for approved projects and to starting new projects as funding allows. Page 2
NRT ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 In view of the level of income the eharily has prepared these accounts on the ceIpts and payments basis, summarising all money received or paid by the charity during the year. A statement giving details of the assets and liabilities al the end of the year is provided on page 6. 2711012022 Thisreportwas approved by IheTrusteeson................................... and signedon theirbehalf. eF5 F4 Peter Barton Page 3
NRT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESIMEMBERS I report to the charity Iruslees on my examination of the accounts of the Charity for the year ended 31 December 2021 which are sel out on pages 5 to 7. Responslbllltles and basls of report As the charity's trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {'Ihe Acl'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to My attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concems 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 lo be reaehed Nicola Mason FCA. DChA MHA Moore and Smalley Chartered Accountants Preston Date.. 2811012022 Page 4
NRT RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 2021 Restricted 2020 Total Unrestricted Total Unrestrlcted Receipts Donations Grants Received 30,174 30,174 91,000 38,880 73,000 91,000 Total receipts 30,174 91,000 121,174 118,880 Payments Direct Charitsble Expenditure Grants paid 1111.9341 1111.9341 155,0001 Total payments 1111,9341 1111,9341 155,0001 Net ReceiptsllPayments) for the Year 181,760) 91,000 9,240 56,880 Fund balances brought forward 75,075 73,000 148,075 103,413 Cash and bank balances 31 De¢ember2021 16,6851 164,000 157,315 148,075 All of the income and expenditure in the previous period related to unreslricled funds. Page 5
NRT STATEMENT OF ASss AND LIABILITIES AS AT 31 DECEMBER 2021 2021 Total 2020 Total Cash Funds Cash in bank and in hand 157,315 148.075 Total Funds per Receipts and Payments Account 157,315 148,075 Fixed Assets Declaration The receipts and payments account for the financial year ended on 31 December 2021 and the statement of assets and liabilities al that dale are approved by the Trustees. For and on behalf of the Trustees.. eFs F4 Peter Barton 2711012022 Dale Page 6
NRT NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting policies These accounts have been prepared on the receipts and payments basis. Expenditure is inclusive of VAT. Transactions with trustees and other related parties No remuneration or other benefits were paid to the charity's trustees or people connected with them. Reimbursed expenses for out of pocket expenditure are disclosed on the fa of the reip1S and payments account. No transactions with related parties took place during the year. Administrative expenses The Trustees of the charity have committed to pay any administrative expenses Incurred personally lo ensure that Income generated can be used in full to fund grant awards. At the year end professional fees of £670 were due to be paid by the Trustees. Page 7