## 

## 



## 

## 

|Trustees|NW Climer CBE FREng (Co-Chair)||
|---|---|---|
||Sir CAPissarides(Co-Chair)||
||MT Chowdhury|(Appointed9October 2020)|
||ME Dalton|(Appointed16March 2020)|
||DrNDanhash||
||DrAO lmafidonMBE||
||HMounffield||
||GJNuttallOBE||
||DBarone Soares|(Appointed'14 October|
|||2O2O)|
|Secretary|AThomas||
|Charity number|'1180718||
|Gompany number|11263261||
|Principal address|Somerset House||
||Strand||
||London||
||London||
||WC2R1LA||
|Registeredoffice|Fieldfisher||
||Riverbank House||
||2 SwanLane||
||London||
||EC4R3TT||
|lndependent examiner|Rogers Spencer||
||NewsteadHouse||
||PelhamRoad||
||Nottingham||
||NGs.lAP||
|Bankers|Metro Bank PLC Metro Bank PLC||
||1SouthamptonRow||
||Holborn||
||London||
||WClBsHA||





## 

||Page|
|---|---|
|Trustees'report|1-5|
|StatementofTrustees' responsibilities||
|lndependentexaminelsrePort||
|Statementoffinancial activities||
|Balance sheet||
|Notes to thefinancial statements|1o-18|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 



## 

## 

|||UnrestrictedRestricted<br>funds<br>funds<br>2A20<br>2020|UnrestrictedRestricted<br>funds<br>funds<br>2A20<br>2020|TotalUnrestrictedRestrictedTotal<br>funds<br>funds<br>2020<br>2019<br>2019<br>2019|TotalUnrestrictedRestrictedTotal<br>funds<br>funds<br>2020<br>2019<br>2019<br>2019|TotalUnrestrictedRestrictedTotal<br>funds<br>funds<br>2020<br>2019<br>2019<br>2019|TotalUnrestrictedRestrictedTotal<br>funds<br>funds<br>2020<br>2019<br>2019<br>2019|
|---|---|---|---|---|---|---|---|
||Notesf,fEftI|||||||
|lncomefrom:||||||||
|Donations andlegacies3||106,000|122,828|228,828 162,500||147,675310,175||
|Expenditureon:<br>Raisingfunds|4|-|15,101|15,101|-|44,081|44,081|
|charitableactivities 5||131,723|94,0A2|225,725|75,556|95,816|171,372|
|Total resources<br>expended||131,723|109,103|240,826|75,556|139,897|215,453|
|Net||||||||
|(outgoing}/incoming<br>resources before||(2s,723)|13,72s|(11.998) 86,944||7,778|94,722|
|Grosstransfers||||||||
|betweenfunds||2JA7|Q,107)|<br>-|(7,688)|<br>7,688||
|Net(expenditure)/incomefor||||||||
|theyearl<br>Netmovementinfunds||(23,616)|1 1,618|(11,998)|79,256|15,466|94,722|
|Fund balances at1||||||||
|September 2019||79,256|15,466|94,722||||
|Fund balancesat31||||||||
|August2020||55,640|27,084|82,724|79,256|15,466|94,722|





## 

## 

|||2020||2019||
|---|---|---|---|---|---|
||Notes|fsff,||||
|Fixed assets||||||
|Tangible assets|||4,979||4,855|
|Current assets||||||
|Cashatbank andin hand||110,197||103,882||
|Creditors: amountsfallingduewithin<br>oneyear|10|(32,452)||(14,015)||
|Netcunent assets|||77,745||89,867|
|Total assets lesscurrent liabilities|||82,724||94,722|
|lncomefunds||||||
|Restricted funds|11||27,4U||15,466|
|Unrestricted funds|||55,640||75,256|
||||82,724||94,722|





## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

|Donationsandlegacies||||||||
|---|---|---|---|---|---|---|---|
||Unrestricted|Restricted|TotalUnrestricted||Restricted||Total|
||funds|funds||funds|funds|||
||2020|2A20|2020|2419|2019||2019|
||t|t|tf||t||e|
|Donations and gifts<br>Grants|96,000<br>10,000|122.828|96,000<br>132,828|162,500<br>-<br>-<br>147,675|||162,500<br> 147,675|
||106,000|122,828|228.828|162,500|147.675||310,175|
|Donationsandgifts||||||||
|Founder'sCircle||||||||
|Members|10,000||10,000|20,000|||20,000|
|Esmee Fairbaim||||||||
|foundation|10,000||10,000|15,000|||15,000|
|Goldman Sachs Gives||||75,000|||75,000|
|DeutschePost||||||||
|Foundation|40,000||40,000|50,000|||50,000|
|HMRC giftaidpayment||||2,500|||2,500|
|The Quilter Foundation||||||||
|Secure FuturesFund|1,000||1,000|||||
|Johnson Brothers &Co||||||||
|(Lord Hodgson)|10,000||10,000|||||
|JonathanHall|25,000||25,000|||||
||96,000||96,000|162,500|||162,500|
|Grants receivablefor||||||||
|coreactivities||||||||
|The Health Foundation<br>TrustforLondon||8,818<br>50,000|8,818<br>50,000||25,000<br>102,740||25,000<br> 1A2,740|
|Open Society Foundation||64,010|64,010||19,935||'19,935|
||'t0,000||10,000|||||
||10,000|122,828|132,828||147,675||147,675|
|Raisingfunds||||||||
||||||Restricted|Restricted||
||||||funds||funds|
||||||2020||2019|
||||||f||e|
|Fundraisino andpublicitv||||||||
|Otherfundraising costs|||||15,101||44,481|
||||||15,101||44,A81|





## 

## 

## 

||Costof|Costof|
|---|---|---|
||Charitable|Charitable|
||Activities|Activities|
||2020|2019|
||t|E|
|Staff costs|142,317|93,207|
|Depreciation and impairment|2,134|1,316|
|Rent|14,158|26,534|
|Rates|502|1,301|
|Meeting room hire|1,896|600|
|Cleaning|562|672|
|Telephone &Fax|733|800|
|Stationery&printing|423|889|
|Travel&Subsitence|1,130|1,188|
|Subscriptions|1,386|534|
|Bank charges|240|'191|
|Other lnterest||3|
|General expenses|1,534|2,515|
|Repairs & maintenance||105|
|Other legal&professional|Q;|128|
|Consulting|50,033|25,832|
|lnsurance|768|518|
|Other charitable expenditure|6,224|12,039|
||224,165|168,372|
|Shareofgovemance costs (see note6)|1,560|3,000|
||225,725171,372||
|Analysisbyfund|||
|Unrestricted funds|131,723|75,556|
|Restrictedfunds|94,002|95,816|
||225,725171,372||





## 

## 

|6|Supportcosts|SupportGovernance<br>costs<br>costs|SupportGovernance<br>costs<br>costs|2020Supportcosts|2020Supportcosts|Governance<br>costs|2019|
|---|---|---|---|---|---|---|---|
|||Efffff||||||
||lndependent<br>ExaminationFees||1,560|1,560|-|<br>3,000|3,000|
||||1,560|1,560|-|<br>3,000|3,000|
||Analysed between|||||||
||Charitableactivities|-|1,560|1,560|-|3,000|3,000|



## 

## 

|The average monthly number of employees during theyearwas:|||
|---|---|---|
||2024|2019|
||Number|Number|
||44||
|Employmentcosts|2020<br>e€|2019|
|Wages and salaries<br>Social security costs<br>Otherpensioncosts|128,792<br>10,583<br>2.942|87,840<br>3,465<br>1,507|
||142,317|93.207|
|Remuneration and keymanagementpersonnel|||
|The remuneration of key management personnelis asfollows:|||
|Aggregatecompensation|41,501|44,000|





## 

## 

||Tangiblefixedassets||||
|---|---|---|---|---|
|||Fixturesand|Computers|Total|
|||fittings|||
|||t|f|f|
||Cost||||
||At1September 2019|1,444|4,728|6,172|
||Additions|80|2,177|2,257|
||At31Augustz0zA|1,524|6,905|8,429|
||Depreciation andimpairment||||
||At1September 2019|327|990|1,317|
||Depreciation chargedin theyear|359|1,774|2,133|
||At31Augusl2020||2,764|3,450|
||Carryingamount||||
||At31Auguslz929||4,141|4,979|
||At31August 2019|1,117|iI1|4,855|
|{0|Creditors:amountsfallingduewithinoneyear||||
||||2020|2019|
||||€|€|
||Othertaxation and social security||21,025|4,028|
||Othercreditors||6,867|6,987|
||Accrualsanddeferredincome||4,560|3,000|
||||32,452|14,015|





## 

## 

|12|Analysis ofnet assets|betweenfunds<br>UnrestrictedRestricted<br>funds<br>funds<br>2020<br>2A20<br>fSttEE|betweenfunds<br>UnrestrictedRestricted<br>funds<br>funds<br>2020<br>2A20<br>fSttEE|Total UnrestrictedRestrictedTotal<br>funds<br>funds<br>2A20<br>2019<br>2019<br>2019|Total UnrestrictedRestrictedTotal<br>funds<br>funds<br>2A20<br>2019<br>2019<br>2019|Total UnrestrictedRestrictedTotal<br>funds<br>funds<br>2A20<br>2019<br>2019<br>2019|
|---|---|---|---|---|---|---|
||Fundbalances at31||||||
||August2O2Oare||||||
||representedby:<br>Tangibleassets|4,979|-|4,979|4,855<br>-|4,855|
||Current assets/<br>(liabilities)|50,661|27,084|77,745|74,401 15,466|89,867|
|||55,640|27,084|82,724|79,256 15,466|94,722|



##