## VASCULITIS UK
## TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
Registered Charity No. 1180473 Registered Company No. CE015479
VASCULITIS UK
## REFERENCE AND ADMINISTRATIVE DETAILS
|Charity name and number|Vasculitis UK|
|---|---|
||Registered charity number: 1180473|
||Registered company number: CE015479|
|Principal address|West Bank House|
||West Bank|
||Winster|
||Matlock|
||DE4 2DQ|
|Trustees|The current trustees are as follows:-|
||Mr C Harper|
||Mrs J Harper|
||Mrs D Ireland (Chair)|
||Mr J Mills|
||Mrs S Mills|
||Ms H Pollard|
||Dr P Rutherford|
||Ms C Smith|
|Independent examiner|Duncan Cochrane-Dyet BSC (Hons) BFP FCA|
1
## VASCULITIS UK
## REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their annual report and financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities (FRS 102) in preparing the annual report and financial Statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable company’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (effective 1 January 2019).
## **Structure, management and governance**
Vasculitis UK was established as a Charitable Incorporated Organisation on 29 March 2018, and is a registered charity no. 1180473 and a registered charitable company no. CE015479.
Vasculitis UK is governed by its governing document as adopted on 29 March 2018. The constitution is available from Vasculitis UK on request. The charity is managed and administered by the trustees, and administered by other unpaid volunteers whom themselves have vasculitis and a paid administrator. There are no offices, so administrative running costs of the charity are kept at the minimum consistent with the requirements of good governance.
The trustees who served during the year and to date were:-
Ms Z Anastasa (resigned) Mr C Harper (appointed 22 August 2021) Mrs J Harper (appointed 22 August 2021) Mrs D Ireland (Chair) Mr J Mills Mrs S Mills Mr D Newman (resigned) Ms H Pollard (appointed 25 September 2021) Dr P Rutherford (appointed 22 August 2022) Ms C Smith (appointed 22 August 2021)
New trustees are normally elected at the AGM. Trustees may be co-opted by the existing trustees and serve until the next AGM when the co-option needs to be confirmed by election. Trustees serve for a period of time after which they may put themselves forward for re-appointment. Officers are appointed annually by the trustees, normally from amongst themselves. New trustees may be sought by means of a dialogue with known interested parties including those from medical institutions. The induction process includes an initial meeting with the Chair and the other trustees, followed by a process by which they are familiarised with their duties, the grant making process, and the powers and responsibilities of the trustee board.
## **Objectives of Vasculitis UK and activities for the public benefit**
The object of Vasculitis UK is the relief of patients from, and to aid research into the causes of, vasculitis by such means as are charitable. Furthermore, to support sufferers of vasculitis and their relatives and friends by means of a support group. The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.
Vasculitis UK provides support for those suffering from vasculitis and their families by means of personal advice and counselling, through use of a telephone helpline, post and email; and additionally by means of an open access website, printed material, a regular newsletter and through local support groups. Vasculitis UK also supports academic and clinical research into both improved diagnosis and treatment of vasculitis and also into its causes.
Vasculitis is a collective term for a group of 18 defined rare inflammatory diseases which affect the blood vessels. Whilst there are also acute and localised forms, systemic vasculitis is a potentially life-threatening auto-immune disease which can affect any or multiple organs, causing disability or death. Until the introduction of new medication in the 1970s, some types of vasculitis were invariably fatal within weeks or months. These diseases can affect any age group or gender, although different forms of vasculitis do demonstrate a predisposition for a particular gender or age group.
2
VASCULITIS UK
## REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 31 MARCH 2022
## **Objectives of Vasculitis UK and activities for the public benefit (continued)**
At present, vasculitis cannot be cured but it can usually be controlled by appropriate medication. However there is a tendency to relapse. The cause is not yet determined but evidence suggests a genetic predisposition coupled with an “environmental” trigger, such as an infection. Many of the symptoms of vasculitis are non-specific, so recognition and diagnosis is difficult and often delayed, resulting in irreversible damage to organs, such as kidneys, lungs, eyes, ears, digits & limbs, central and peripheral nervous system, heart and gastro-intestinal system. Thus, although the underlying disease may be controlled, the patient may be left with chronic disabilities.
As vasculitis is essentially an auto-immune disease, treatment is based on powerful immune-suppressing drugs. These in turn may have serious side-effects thus compounding the problems for the sufferer. For the majority of those with vasculitis, it is a lifetime disease which affects their working and personal life. Many need ongoing medical and community care and are dependent on social welfare benefits.
The aims and objectives of the charity, both short-term and long-term, are:
- To support those who are suspected of having vasculitis, those newly diagnosed, and those living with vasculitis as a chronic disease, by informing and educating them about all aspects of their illness. The philosophy of Vasculitis UK is that those who are well informed about their disease are better able to manage their disease and cope with it.
- To raise awareness of this group of rare diseases amongst the general populace and most especially healthcare professionals, with a view to improving recognition and early diagnosis.
- To promote understanding of the nature, symptoms and treatment of vasculitic diseases among medical professionals.
- To ensure accessibility of high quality care for those suffering from all types of vasculitis.
- To enable sufferers from these rare diseases to contact others with a similar condition.
- To support research into the causes of vasculitis and to seek improvements in diagnosis and treatment of the various types of vasculitis.
- To work with other organisations and healthcare professionals to improve the recognition, diagnosis and treatment of vasculitis.
- To support people with vasculitis in coping with daily life and to support their families and carers.
We achieve these aims and objectives as follows:
- By means of printed literature, a telephone helpline manned by knowledgeable volunteers, email and postal support.
- In the interest of ensuring access and support for all, regardless of means, we make no charge for membership or services - all income is derived from voluntary donations and voluntary fund-raising.
- We provide support for those who are having difficulty in securing adequate diagnosis or treatment by advising on procedures for securing referrals for primary, second or even tertiary opinion. We are aided in this through our close connections with clinicians who work with vasculitis patients and have knowledge and experience of the disease.
- We produce a high quality informative bi-annual newsletter which is delivered by post, free of charge, to those who choose to receive it.
- We have a comprehensive informative website which is highly respected by professionals and highly acclaimed by users.
- We provide two online vasculitis discussion groups, one “open” and one “closed” for the benefit of the increasing numbers who have internet access.
- We encourage, the development of new local vasculitis support groups by offering them modest initial start- up financial and practical support. Although these are considered to be independent autonomous groups, all operating in different ways to suit local circumstances, we continue to foster and encourage them by offering practical support.
- We provide advice on welfare benefits. This is assisted by the charity’s membership of an agency which in turn, for a modest subscription, provides Vasculitis UK with up to date general information and advice which we are permitted to share with members.
- We have links with medical professional groups working in the field of vasculitis such as the UK & Ireland Vasculitis Study Group (UKIVAS) and the British Society of Rheumatologists.
- We have connection with and representation on statutory bodies involved in healthcare, such as NHS England and NICE.
- • We are affiliated with other related charities such as Genetic Alliance and Rare Disease UK. This gives us a stronger voice and allows us to make collaborative efforts in initiatives designed to improve care for those with rare diseases like vasculitis.
3
VASCULITIS UK
## REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 31 MARCH 2022
## **Objectives of Vasculitis UK and activities for the public benefit (continued)**
- When funds permit, we offer financial support for vasculitis-related research projects and routinely offer practical support to researchers in a variety of ways. We are registered with the National Institute for Health Research as collaborative funders and where funding is given it is to projects that have already been peer reviewed and scrutinised by larger bodies such as the NIHR, Wellcome Trust or Arthritis UK.
- We do occasionally offer small bursaries or travel bursaries to those involved in research or for general research that is not part of a specific research project, such as the vasculitis genetic biobank and the new Vasculitis Registry (or database) operated under the supervision of UKIVAS.
We do not offer financial support or grants to individuals or groups, other than as above.
## **Achievements and performance of Vasculitis UK, and plans for future years**
## _**Governance and trustees**_
We finally took the decision to take on our first employee. The workload created by our own success in reaching medical professionals and attending conferences had reached a point where it was an obvious need. As a small charity we work with much bigger charities as equals. The job description was produced along with person specification and because we required someone with knowledge of all forms of vasculitis, who could attend and speak to medical professionals. We looked to our own trustees for a candidate. Zoi Anastasa was offered the role and accepted, she resigned as a trustee. For the first time we then had to produce all the relevant documents needed for an employee. We use epay to manage the salary, deduct National Insurance, tax and pension. We continue to use Zoom for meetings and in May held our first Zoom Annual General meeting, with speakers. All trustees attended and 45 members. The co-opted trustees were all confirmed in post. The speakers talked about one of our research grants which had led to further research and a change in government policy for the immunosuppressed. We are still unsure if we will use zoom again this year or try a face to face. We will judge the covid situation closer to May. We do need to attract more trustees.
## _**Patient support**_
As a Charity supporting patients (and their families) who are Clinically Extremely Vulnerable, the telephone support line, online discussion groups and the website have been a major source of support and accurate information during the pandemic. We produce the biannual printed newsletter. Our younger trustees have started a young FaceBook support group to deal with the issues faced by them. The charity encourages and supports a network of independent autonomous local support groups, including the All-Ireland group. We are looking to update our printed material and some of the individual disease pages on the website as research has moved on. Our online support group has more than 5500 members.
## _**Working with medical professionals**_
We have attended conferences this year with our stall and speaking at the British Society of Rheumatologists. We were well received at all conferences. We work with RAIRDA (rare Auto-immune Rheumatic Disease Alliance) and other patient groups. We were invited to attend the Cambridge Vasculitis symposium. We paid the fees for 10 junior Doctors to attend **.**
## _**Membership**_
Membership continues to grow throughout the year . Full voting membership is open, free of charge to all those over age 18 who suffer from any of the 18 types of vasculitis, their family members & carers. To comply with GDPR requirements, all those on the mailing list were required to confirm their wish to receive newsletters and other communications from Vasculitis UK. Those whose details are recorded in the members mailing list for the free biannual Vasculitis UK newsletter are deemed to be members. There is no special effort made to recruit additional members. The services of Vasculitis UK are available free of charge for all those who need them irrespective of membership.
## _**Research**_
After 3 years of all research being paused, it has resumed. Research from 2019 has been completed. The Covid research we did with Nottingham University led to the bigger study, MELODY. We joined with 5 other charities and 36000 patients were approached to give a blood sample to see what antibody response immunosuppressed patients had against covid. We are waiting on the final report. I took part in a call with NICE about the removal of certain antivirals being available for immunosuppressed patients. We have put the call out for research and the responses are going through the process.
4
VASCULITIS UK
## REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 31 MARCH 2022
## **Financial review**
The results for the year to 31 March 2022 are set out on page 9.
The trustees use the key performance indicators detailed as follows to measure the activities of the charity.
Incoming resources for the year amounted to £223,277 (2021 - £196,302) primarily arising from donations, an increase from the prior year. Resources expended during the year totalled £162,234 (2021 - £96,808), as grants awarded were increased in the year in comparison to lowered activity from the pandemic in the prior year. The net surplus for the year therefore amounted to £61,043 (2021 - £99,494) resulting in accumulated funds at the year end of £802,570 (2021 - £741,527).
The base income for Vasculitis UK comes from voluntary donations by members and funeral donations in memory of a loved one, but fundraising activities undertaken by others in support of Vasculitis UK has now become the main source of income. Basic running costs of the trust are relatively low, the main administrative expense being that of printing and mailing the high quality Vasculitis UK Newsletter & Journal.
## **Risk management, and principal risks and uncertainties**
The trustees review at least annually the major risks to which Vasculitis UK is exposed, and systems have been established to mitigate these risks. In reaching decisions the trustees continually bear in mind the major governing, operational and financial risks which the charity faces. For the year ended 31 March 2022, the principal risks specific to the charity are maintaining or increasing the charity’s income to enable it to continue to achieve its objects, properly controlling expenses, failure to assess and manage operational risk (including inadequate controls and procedures governing financial control) and failure to meet its regulatory and legal requirements.
## **Going concern**
The trustees have considered the charity’s forecasts, and in particular have considered the potential implications of the COVID-19 pandemic. Whilst the eventual impact of the pandemic on the charity, and the overall economy remains uncertain, the trustees are confident that the charity will be able to remain operational throughout the pandemic. As the charity has very low foxed costs, the activity resulting in expenditure can be managed appropriately in relation to the income and available resources.
## **Reserves policy**
The policy is decided by the trustees so that funds can be used in accordance with Vasculitis UK’s charitable objects, and reserves maintained at a reasonable level. The trustees consider that the unrestricted reserves of £802,570 (2021 - £741,527) at 31 March 2022 will be more than sufficient to cover the charity’s fixed costs for 2022/23.
## **Investment policy**
The charity’s investments are limited to funds in the bank account and on deposit. The trustees approach the investment of any funds in a cautious manner with the intention of maximising the return to the charity whilst maintaining the value of the capital.
## **Key management personnel remuneration**
The trustees consider the board of trustees as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in note 10 to the accounts. Trustees are required to disclose all relevant interests and register them with the Chairman.
5
VASCULITIS UK
## REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 31 MARCH 2022
## **Trustees’ responsibilities**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2015 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the board of trustees on 12 January 2023.
D IRELAND CHAIR
6
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
## VASCULITIS UK
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 9 to 16.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
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 145(5)(b) 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 to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content 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 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.
Duncan Cochrane-Dyet BSc (Hons) BFP FCA Independent Examiner Maidstone United Kingdom
## 24 January 2023
7
VASCULITIS UK
## STATEMENT OF FINANCIAL ACTIVITIES
## (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
## FOR THE 17 MONTH YEAR ENDED 31 MARCH 2022
|**INCOME**
Donations
Charitable activities
Investment income - bank interest receivable
Other income - income tax recoverable
**Total incoming resources**
**EXPENDITURE**
_Costs of raising funds:_
Raising funds
_Expenditure on charitable activities:_
Charitable activities
Support costs
**Total resources expended**
**Net income, and net movement in funds for the year**
**RECONCILIATION OF FUNDS**
**Unrestricted funds**
Balance at 1 April 2021
**Unrestricted funds**
Balance at 31 March 2022|Notes
3
4
5
6
7
11
11|Unrestricted
Funds
2022
208,173
1,268
1,565
12,271
________
223,277
________
3,365
129,992
28,877
________
162,234
________
61,043
741,527
________
£802,570
________
________|Unrestricted
Funds
2021
176,627
-
3,046
16,629
________
196,302
________
562
59,509
36,737
________
96,808
________
99,494
642,033
________
£741,527
________
________|
|---|---|---|---|
The notes on pages 12 to 16 form part of these accounts.
8
## VASCULITIS UK
## BALANCE SHEET
## AS AT 31 MARCH 2022
|FIXED ASSETS
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
NET ASSETS
THE FUNDS OF THE CHARITY
UNRESTRICTED FUNDS
General
Designated
TOTAL FUNDS|Notes
2022
2021
8
671
803
________
________
£671
£803
________
________
9
594
318
801,305
740,406
________
________
£801,899
£740,724
________
________
10
-
-
_______
________
£802,570
£741,527
_______
________
_______
________
11
302,990
566,678
11
499,580
174,849
________
________
£802,570
£741,527
________
________
________
________|
|---|---|
Approved by the trustees on 12 January 2023 and signed on their behalf by:
D IRELAND CHAIR
The notes on pages 12 to 16 form part of these accounts.
9
## VASCULITIS UK
## STATEMENT OF CASH FLOWS
## FOR THE YEAR ENDED 31 MARCH 2022
|Unrestricted
Funds
2022
**Cash flow statement**
Net cash flow from operating activities
60,899
Management of investments
-
________
**Increase in cash**
£60,899
________
________
NOTES TO THE CASH FLOW
**Adjustments to exclude non-cash items**
Net incoming resources
61,043
Depreciation
132
(Increase)/decrease in debtors
(276)
Increase/(decrease) in creditors
-
________
**Net cash inflow from operating activities**
£60,899
________
________
**Reconciliation of net cash flow to movement in net cash funds**
Increase in cash in the year/year
60,899
Net opening funds
740,406
________
Net closing funds
£801,305
________
________
**Changes in cash funds**
Balance
Cash
Non-cash
b/fwd
flow movements
Short term deposits
£654,880
14,711
-
Bank and cash
£85,526
46,188
-
_________________________
£740,406
£60,899
-
_________________________
_________________________|Unrestricted
Funds
2022
**Cash flow statement**
Net cash flow from operating activities
60,899
Management of investments
-
________
**Increase in cash**
£60,899
________
________
NOTES TO THE CASH FLOW
**Adjustments to exclude non-cash items**
Net incoming resources
61,043
Depreciation
132
(Increase)/decrease in debtors
(276)
Increase/(decrease) in creditors
-
________
**Net cash inflow from operating activities**
£60,899
________
________
**Reconciliation of net cash flow to movement in net cash funds**
Increase in cash in the year/year
60,899
Net opening funds
740,406
________
Net closing funds
£801,305
________
________
**Changes in cash funds**
Balance
Cash
Non-cash
b/fwd
flow movements
Short term deposits
£654,880
14,711
-
Bank and cash
£85,526
46,188
-
_________________________
£740,406
£60,899
-
_________________________
_________________________|Unrestricted
Funds
2021
99,794
(1,000)
________
£98,794
________
________
99,494
197
103
-
________
£99,794
________
________
98,794
641,612
________
£740,406
________
________
Balance
c/fwd
£669,591
£131,714
_________
£801,305
_________
_________|
|---|---|---|
||-
-
________
-
________
________||
The notes on pages 12 to 16 form part of these accounts.
10
VASCULITIS UK
## NOTES TO THE ACCOUNTS
## 31 MARCH 2022
## 1. ACCOUNTING POLICIES
## (a) Basis of accounting
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. The legal form is that of a Charitable Incorporated Organisation in the form of a charitable company limited by guarantee and registered with the Charity Commission. The registered address is shown on page 1. The nature of the charity’s operations and its principle activities are detailed in the Report of the Trustees.
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements, taking into account the impact of the COVID-19 pandemic. The budgeted income and expenditure is sufficient with the level of resources for the charity to be able to continue as a going concern.
The financial statements are presented in sterling, being the charity’s functional currency, rounded to the nearest £1.
## (b) Incoming resources
Incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the income, the trustees are certain they will receive the resources, and the monetary value of the resources can be measured reliably.
Voluntary income received by way of donations and gifts is included in full in the Statement of Financial Activities when received. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are filly met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting year.
Legacy gifts are recognised on a case-by-case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and the settlement date.
Sales of goods and other income is recognised when receivable as long as it is capable of financial measurement.
Amounts receivable under the Gift Aid Scheme are recognised on an accruals basis when a claim has been compiled and therefore the amount can be quantified on a reasonable and consistent basis.
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.
Time donated by volunteers is not measured and quantified, as to do so would not be a sensible use of the charity’s resources.
## (c) Resources expended
Resources expended are recognised in the year in which they are incurred. Resources expended are shown net of VAT where this is recoverable. All costs ate allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Where costs relate to a particular activity these are allocated directly, otherwise costs are apportioned on an appropriate basis.
11
VASCULITIS UK
## NOTES TO THE ACCOUNTS
## 31 MARCH 2022
## (c) Resources expended (continued)
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its members. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.
## (d) Grants payable
Grants payable are payments made to third parties in the furtherance of the charity’s objects. Grants are usually recognised when the recipient is notified, and the trustees deem that therefore an obligation exists to pay the grants.
## (e) Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise.
## (f) Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## (f) Tangible fixed assets
Tangible fixed assets are initially recognised at cost, including cost of bringing them into their intended working condition. Thereafter they are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives using the straight-line method. Depreciation is provided at the following annual rates:
## Computer equipment – 20%
- (g) Funds
All funds are currently unrestricted and comprise net incoming resources for the objects of the charity without further specified purpose. Designated funds represent those identified by the trustees for the award of grants. All other funds are available as general funds to be applied at the discretion of the trustees.
- (g) Judgements and key sources of estimation uncertainty
No judgements and assumptions have been made in the process of preparing the financial statements that might have a significant effect on amounts recognised in the financial statements, except for those disclosed in note 1.
## 2. TAXATION
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
12
## VASCULITIS UK
## NOTES TO THE ACCOUNTS
## 31 MARCH 2022
## 3. DONATIONS
|||2022|2021|
|---|---|---|---|
||Donations via charity accounts|60,378|21,795|
||Donations via Justgiving|80,056|68,124|
||Fundraising – other donations|1,080|2,214|
||General – gift aid donations|23,334|16,079|
||General – other donations|41,676|67,997|
||Legacies|1,000|-|
||Other miscellaneous receipts|649|418|
|||________|________|
|||£208,173
________|£176,627
________|
|||________|________|
|4.|CHARITABLE ACTIVITIES|||
|||2022|2021|
||PayPal sales|1,268|-|
|||________|________|
|||£1,268
________|£-
________|
|||________|________|
|5.|EXPENDITURE ON RAISING FUNDS|||
|||2022|2021|
||Shop purchases|244|855|
||Fundraising|3,121|1,881|
|||________|________|
|||£3,365
________
________|£2,736
________
________|
## 6. EXPENDITURE ON CHARITABLE ACTIVITIES
||2022|2021|
|---|---|---|
|Research bursary|-|5,008|
|Research grants|119,992|71,946|
|Training course grants|10,000|-|
|Conferences|-|660|
||________|________|
||£129,992
________
________|£77,614
________
________|
All research grants in 2022 and 2021 were made to institutions, and none to private individuals. Grants in 2022 included £59,348 to Nottingham University in respect of COVID-19 research.
13
## VASCULITIS UK
## NOTES TO THE ACCOUNTS
## 31 MARCH 2022
## 7. OTHER COSTS
|OTHER COSTS|||
|---|---|---|
||2022|2021|
|_Support costs:_|||
|Administration|5,096|6,202|
|Advertising and marketing|2,422|4,172|
|Accountancy|229|924|
|Bank fees|918|76|
|Depreciation|132|197|
|General expenses|241|116|
|Insurance|454|907|
|Postage, freight and courier|3,909|1,838|
|Printing and stationery|2,844|6,428|
|Salaries|-|2,702|
|Subscriptions|10,215|5,515|
|Support group expenditure|-|330|
|Telephone and internet|144|217|
|Travel|-|162|
|Website hosting/maintenance|2,238|5,394|
|_Governance costs:_|||
|Trustees’ expenses (note 12)|35|628|
|Legal expenses|-|473|
|Meeting room hire|-|458|
||________|________|
||£28,877
________
________|£36,737
________
________|
## 8. TANGIBLE FIXED ASSETS
|COST
At 1 November
Additions
Total
DEPRECIATION
At 1 September
Charge in the year/year
Accumulated depreciation
NET BOOK VALUE
2021
2022|Computer equipment
Total
1,000
1,000
-
-
________
________
£1,000
£1,000
________
________
197
197
132
132
________
________
£329
£329
________
________
£803
£803
________
________
________
________
£671
£671
________
________
________
________|Total|
|---|---|---|
14
## VASCULITIS UK
## NOTES TO THE ACCOUNTS
## 31 MARCH 2022
## 9. DEBTORS
|DEBTORS|||
|---|---|---|
|Donations receivable
VAT due to the charity
Amounts due by refund from the bank
____
____
____|2022
353
241
-
____
____
£594
____
____
____
____|2021|
|||77
241
-
____
£318
____
____|
## 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|Other creditors
____
____
____|2022
-
____
____
£-
____
____
____
____|2021|
|---|---|---|
|||-
____
£-
____
____|
## 11. UNRESTRICTED FUNDS
|Balance
b/fwd
Unrestricted general fund
£566,678
Unrestricted designated fund
£174,849
_________
Total unrestricted funds
£741,527
_________
|Incoming
Resources
resources
expended
84,293
(32,242)
138,984
(129,992)
_________________
£223,277
£(162,234)
__________________
__________________|Transfers
Balance
c/fwd
(315,739)
£302,990
315,739
£499,580
_________________
-
£802,570
________________
________________|
|---|---|---|
General unrestricted funds are available to be applied at the discretion of the trustees.
Designated funds represent those amounts set aside by the trustees for the award of research and similar grants and bursaries.
## 12. REMUNERATION OF KEY MANAGEMENT PERSONNEL AND RELATED PARTY TRANSACTIONS
The trustees consider the board of trustees as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. All trustees give of their time freely and no trustee remuneration was paid in the year (2021 - £nil).
Trustees are required to disclose all relevant interests and register them with the Chair. Expenses were reimbursed to trustees totalling £35 (2021 - £628).
There were no other transactions with related parties.
15