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|Report ofthe trustees||4 —28|
|---|---|---|
|Report ofthe independent<br>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|





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|||||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<br>income received|||||127,004|104,084|
|Purchase ofinvestments|||||(1,453,645)|(1,358,727)|
|Saleofinvestments|||||1)523,067|1,409,803|
|Net cash provided<br>by investing||activities|||202,584|161,107|
|Change in cash and cash|equivalents||in the year||(267,794)|(501,293)|
|Cash snd cash equivalents<br>brought||forward|||786,216|1,287,509|
|Cash and cash equivalents|carried forward||||818,422|786,216|





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## 

## 

|Donations<br>and legacies||||
|---|---|---|---|
|||2022|2021|
|Membership<br>subscriptions<br>—individual||34,031|38,363|
|- corporate<br>Gift Aid from subscriptions<br>Donations<br>from Charitable|and donations<br>Trusts|11,150<br>11,411<br>12,400|13,500<br>12,258<br>5,600|
|Donations<br>in memoriam||14,672|7,158|
|Other donations||7,281|13,869|
|Legacies (see below)<br>Bank interest receivable||87,657<br>87|143,412<br>8|
|Fundraising<br>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<br>Sheila Poyntet<br>Margaret Ann Clark<br>Rosina Elizabeth Taplor<br>Other|2,657|24,288<br>97<br>41,186<br>70,019<br>7,822|
||67,667|143,412|





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## 

|Investment<br>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:<br>Costs ofgenerating|voluntary||income|53,693|14,057|67,750|62,672|
|Investment<br>management||costs|||33,048|33,048|34,296|
|Chadtable<br>activities:||||||||
|Charitable<br>activities||||1703727|273,823|444,550|884,599|
|Governance<br>costs||||34,848|25,026|59,874|50,027|
|l||||259~8|345,954|605,222|1,031,594|





## 

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## 

## 

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





## 

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## 

## 

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





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## 

## 

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





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## 

## 

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



## 

## 

|||2022|2021|
|---|---|---|---|
|BSTOP study<br>Prof. Catherine|Smith, Kings College London||397,100|
||||397100|
|Reconciliation|ofgrants<br>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<br>Grants payable|during the year||948,114<br>~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<br>Within two to four years||176,334<br>374,680|176,334<br>374,680|
|||551,014|351,014|





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## 

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



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|Tan9lble fixed|assets||||
|---|---|---|---|---|
||||Fixtures||
||||and|Freehold|
|||Total|fittings|property|
|Cost or valuation|||||
|At 1January 2022<br>Revaluation||485,000<br>(5,000)||485,000<br>~(5,00tl|
|||480,000||480,000|
|Depreciation|||||
|At 1January 2022|||||
|Provided<br>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|





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## 

|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<br>are registered<br>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|





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## 

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



## 

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## 

|||||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<br>Incoming resources<br>Expenditure|493,278<br>75,591<br>(180,989)|57,750<br>(131)|551,028<br>75,591<br>(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<br>Expenditure|22,930<br>(1,804)|45,705<br>(7,343)|374,581<br>(22,635)<br>(196,813)|149,593<br>(3,188)<br>(100,000)|213,034<br>—<br>146,813|805,843<br>(34,970)<br>(150,000)|
|At 31December|21&126|38@62|155,133|46,405|359,847|620,873|
|2022|||||||





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## 

## 

|||Unrestticted|Restdcted|Endowment|2022|2021|
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Total|Total|
|Tangible fixed assets<br>Investments||480,000<br>378,180|428,920|4,157,267|480,000<br>4,964,367|485,000<br>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<br>gains|||||||
|included|above:||||||
|Tangible fixed assets<br>Invesiments||17,985<br>9,670|10,967|106,296|17,985<br>126,933|22,985<br>1,384,751|



## 

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



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