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2022-12-31-accounts

Report ofthe trustees 4 —28
Report ofthe independent
auditor		 29 —32
Principal accountlnS policies 33 —35
Statement offinancial activities 36 —37
Salance sheet 38
Statement ofcash Sown 39
Notes tothe Snancial statements 40 —54

Note 2022 2021
Net cash generated/(used) from operating
activities 17 (470@78) (662,400)
Cash iforvs bum investing activities:
Interest received 6,158 5,947
Investment
income received		 127,004 104,084
Purchase ofinvestments (1,453,645) (1,358,727)
Saleofinvestments 1)523,067 1,409,803
Net cash provided
by investing		 activities 202,584 161,107
Change in cash and cash equivalents in the year (267,794) (501,293)
Cash snd cash equivalents
brought		 forward 786,216 1,287,509
Cash and cash equivalents carried forward 818,422 786,216

Donations
and legacies
2022 2021
Membership
subscriptions
—individual		 34,031 38,363
- corporate
Gift Aid from subscriptions
Donations
from Charitable		 and donations
Trusts		 11,150
11,411
12,400		 13,500
12,258
5,600
Donations
in memoriam		 14,672 7,158
Other donations 7,281 13,869
Legacies (see below)
Bank interest receivable		 87,657
87		 143,412
8
Fundraising
income donated		 by individuals 12,326 25,205
191,015 259,373
Legactes received during the pear are as follows:
2022 2021
Julie Owen 5,000
Peter Hartland 80,000
Margatet Elizabeth Sail
Sheila Poyntet
Margaret Ann Clark
Rosina Elizabeth Taplor
Other		 2,657 24,288
97
41,186
70,019
7,822
67,667 143,412

Investment
income compris		 es income &o m:
2022 2021
Listed investments 127,004 104,084
Bank deposits 6,158 5,947
733,762 110031
Income from charitable activities
2022 2021
Corporate sponsorship 31,740 16,500
Trust donations 11,000 1,000
Bank interest receivable 87
Journal advertising 1)800 4,200
Annual Conference/AGM and Awareness week 557 390
Reimbursements 5,493 4,000
Other 9,625 23,481
N, 302 49,579

Analysis oftotal res ourc es expended
Total Total
StaB'costs Other 2022 2021
Raising funds:
Costs ofgenerating		 voluntary income 53,693 14,057 67,750 62,672
Investment
management		 costs 33,048 33,048 34,296
Chadtable
activities:
Charitable
activities		 1703727 273,823 444,550 884,599
Governance
costs		 34,848 25,026 59,874 50,027
l 259~8 345,954 605,222 1,031,594

Total resources
expended in		 clude:
2021
Raising funds
Advertising
and Promotion
Rent and rates		 470
208		 179
Heat and light
Phone and fax		 941
436		 612
417
Internet
and email		 374 416
Office insurance 440 400
Hire/repair
and maintenance
Professional
fees		 ofequipment 514
90		 514
89
Bank charges
Computer
costs
Printing
and stationery
Annual
report
Post and carriage
Fundraising
costs
Website		 1,099
1,614
456
1,589
588
1,191
299		 1,394
1,293
456
1,476
573
2,004
287
Subscriptions
Sundries		 1,604
117		 1,502
101
Office equipment
Propetty maintenance
Designated
fund (development)		 42
680
1,305		 138
673
1,270
14,057 13,794
Investment
Management		 Costs 33,048 34,296
Charitable
activities
Grants payable
Rent and rates		 180,989
625		 242,247
536
Heat and light
Phone and fax		 2,824
1,745		 1,837
1,669
Internet
and email		 1,498 1,666
Office insurance 1,321 1,198
Hire/repair
and maintenance
Professional
fees		 ofequipment 1,541
164		 1,541
162
Bank chatges
Computer
costs
Printing
and stationery
Printing educational
Annual
report
Journals
and postage
Post and carriage		 1,099
1,614
1@66
3,178
9,009
2,353		 1,394
1,293
1,369
649
2,951
6,726
2,292
209i326 267,530

Analysis of total resourc es expended
(continued)
2021
Brought fonvard
StaffRecnutment		 209,326
1,590		 267,530
499
Advertising
and promotion		 1,768 4,812
Website 1,196 1,147
Travel and subsistence 502 126
Meetings
and conferences		 2,163 770
AGM costs 20,234 2,147
Grant Management 1,226 640
Subscriptions 1,604 1,502
Sundries 172 258
Office equipment 43 138
Propetty maintenance
Designated
Eund (staff training)		 2,379
1,804		 2,354
1,083
Designated
fund (promotion		 and educadon) 20,735 11,891
Designated
fund (BSTOP)
Designated
fund (development)		 5,762 397,100
1,799
Designated
fund (research)		 3,188 44,138
Sponsored
projects		 143
Scotland 555
273,823 738,632
Governance
costs
Trustees insurance 1,001 912
Auditor's
remuneration —audit services		 13,130 10,740
Surveyor
fees		 900 600
Annual report 530 492
Travel and subsistence
Legal Fees 300
AGM costs 5,058 537
Property maintenance
Professional
fees		 340
10		 336
10
Sundries 74 72
Govetnance
Administration		 1,807 2,935
Designated
fund (development)
Designated
fund (education)		 276
1,900		 1,431
2,392
25,026 20,757
292,222 297,479

Notes to the financial
statements
(contin		 ued)
Grants payable from Restricted Funds
The amount
paid in the year comprises:		 2022 2021
Research grants:
Dr Stephanie
Shoop-Worrall,
University ofManchester		 9,995
Dr Elaine Clarke, Sheffteld University 9,989
PhD studentship
Grants 2022:
Dr Zenas Yiu, Univetsity ofManchester		 28,500
PhD studentship
grants 2021:
Dr Zenas Yiu, University of Manchester 28,500
Dr Satveer Mahil, Kings College London 28,500 28,500
Dr Thivtyani
Maruthappu,
Kings College London		 28,500 28,500
PhD studentship
grants 2020:
Prof Silvia Bulfone-paus,
University ofManchester
Prof Miriam Wittmann,
University ofLeeds		 28,500
Dr Francesca Capon, Kings College, London 28,500 28,500
PhD studentship
grants 2019:
Dr Daniele Bergamaschi,
Queen Mary University ofLondon		 28,500
Dr Di Meglio, Kings CoBege London 61,252
PhD studentship
gtants 2018:
Dr Henning
Holle, University ofHull
Dr Hden Young, University ofManchester		 28,500
28,500
100,989 242,247
Reconciliation ofgrants payable:
2022 2021
Commitments
at 1January 2022 subject to the satisfaction ofgrant
conditions		 342,000 317,752
Commitments
made in the year subject to the satisfaction ofgrant
conditions 95,489 266,495
Grants payable during the year (180,989) (242347)
Commitments
at 31December 2022 subject to the satisfaction
ofgrant conditions 204,000 342,000

Commi tment s
are		 payable as follows:
2022 2021
Within
Within		 one
two		 year
years		 142,500
114,000		 85,500
256,500
2M,500 342,000

2022 2021
BSTOP study
Prof. Catherine		 Smith, Kings College London 397,100
397100
Reconciliation ofgrants
payable
2022 2021
Commitments at 1January 2022 subject to the satisfaction ofgrant
conditions 551,014
Commitments made in the year subject to the sadsfaction ofgrant
conditions
Grants payable		 during the year 948,114
~397,1tl0)
Commitments at 31December 2022 subject to the satisfaction
ofgrant conditions 551,014 551,014
Commitments are payable as foBows: 2022 2021
ff
Within one year
Within two to four years		 176,334
374,680		 176,334
374,680
551,014 351,014

Staff costs during the year were as follows:
2022 2021
Wages and salaries
Social security costs
Other pension costs		 225,667
23,083
10,518		 194,906
18,646
10,563
259,268 224 115

Tan9lble fixed assets
Fixtures
and Freehold
Total fittings property
Cost or valuation
At 1January 2022
Revaluation		 485,000
(5,000)		 485,000
~(5,00tl
480,000 480,000
Depreciation
At 1January 2022
Provided
during the year
Net book amount at 31 December 2022 480,000 480,000
Net book amount at 31December 2021 485,000 485,000

Fixed asset investme nts
No 1 No 2
Portfolio Portfolio Total
Investments
Listed investments
Market value at 1January 2022 3,394,211 2,722,521 6,116,732
Additions 679,853 773,792 1,453,645
Disposals (734,434) (788,633) (1,523,067)
Net unrealised investment losses (612,182) (470,761) (1,082,943)
Market value at 31 December 2022 2,727,448 2,236,919 4,964467
Market value at 31December 2021 3,394,211 2,722,521 6,116,732

at the foll owing a mo unts:
No 1 No 2
Portfolio Portfoho Total
Historical cost at 31 December 2022 2i556s848 2+80~536 4s837i384
Historical cost at 31 December 2021 2,487,109 2,244,872 4,731,981
The investments
are registered
as		 follows:
Market value
No 1 No 2 Total Total
Portfolio Portfolio 2022 2021
United Kingdom 951,276 853,914 1,805,190 2,296,457
Overseas 1&776,172 1@83,005 3,159,177 3,820,275
2,727,448 2,236)919 4,964,367 6,116,732

Debtors
2022 2021
Investment income 33,115 20,046
Other debtors 1,144 727
Prepayments 3,581 3,927
37,84D 24,7M

Creditors: amounts
falling due within one year
2022 2021
Grants approved, not yet paid
Other creditors		 28,500
2,406		 133,995
2,780
Accruals 13/52 10,816
44,555 147,591

Josie
Bradbury
Memorial Research Total
Permanent Endowment funds
At 1January 2022 25,039 4,979,851 5,004,890
Unrealised investment losses (847,623) (847,623)
At 31December 2022 25,039 4,132,228 4,157,267

Restricted funds
Research Scotland Total
At 1January 2022
Incoming resources
Expenditure		 493,278
75,591
(180,989)		 57,750
(131)		 551,028
75,591
(181,120)
Trans fera (27,000) (3,754) (30,754)
At 31December 2022 360,880 53,865 414,745

Training Development Education Research BSTOP Total
At 1January 2022
Expenditure		 22,930
(1,804)		 45,705
(7,343)		 374,581
(22,635)
(196,813)		 149,593
(3,188)
(100,000)		 213,034
—
146,813		 805,843
(34,970)
(150,000)
At 31December 21&126 38@62 155,133 46,405 359,847 620,873
2022

Unrestticted Restdcted Endowment 2022 2021
Funds Funds Funds Total Total
Tangible fixed assets
Investments		 480,000
378,180		 428,920 4,157,267 480,000
4,964,367		 485,000
6,116,732
Current assets 541,937 14,325 556,262 810,916
Current liabilities (15,758) (28,500) (44,258) (147,591)
1,384,359 414,745 4,157,267 5,956,371 7,265,057
Unrealised
gains
included above:
Tangible fixed assets
Invesiments		 17,985
9,670		 10,967 106,296 17,985
126,933		 22,985
1,384,751

Reconciliation ofnet mo vement
in fun		 ds to net cash flo w from operating
acti		 vities
2022 2021
Net movement
in funds		 (1/08,686) (59,951)
Interest and investment
income receivable		 (133,162) (110,031)
Net (gains) on investments
(Gain)/loss
on revaluation of
Decrease/(increase)
in debtors		 fixed assets 1,082,943
5,000
(13,140)		 (562,660)
10,000
3,634
Increase/(decrease)
in creditors		 (103,333) 56,608
Net cash (used)/generated from operating activities 6670070) )662,600)

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