2021-12-31-accounts

IN D EX	PAG E
TRUSTEES' ANNUAL REPORT	1-4
INDEPENDENT AUDITOR'S REPORT	5-8
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET	10
CASH FLOW STATEMENT AND NOTES TO THE CASH FLOW STATEMENT
NOTES TO THE FINANCIAL STATEMENTS	12-19

CHARITY	INFORMATION
Charity name		AOUK & I
Charity number		1190596
Principal office		3rd Floor
		Marlborough		House
		Westminster	Place
		York Business Park
		Nether Poppleton
		York
		YO26 6RW
Trustees		Prof I Pallister		*
		Mr M Jackson		*	(retired 4		April 2022)
		Mr J Dwyer*
		Mr M Peed*
		Mr S Parmar Mr S O' Brien	* *		(resigned (resigned		15October 2021) 15October 2021)
		Prof J F Quinlan			(appointed		21 May 2021)
		Mr I Sharp			(appointed		15October 2021)
		Mr I A McFadyen			(appointed		15October 2021)
		Miss S Deakin			(appointed		4 April 2022)
		*Trustees at	registration		ofthe Charity and ofAOUK
ADVISERS
Auditors		JWPCreers LLP
		Chartered Accountants			&Registered	Auditors
		Genesis 5
		Church Lane
		Heslington
		York
		YO10 5DQ
Principal Bankers		Lloyds Bank pic
		Pavement
		York
		YO1 9LB
Investment	Managers	Walker Crips	Group Pic
		Old Change House
		128 Queen Victoria House
		London
		EC4V4BJ

				Unrestricted	Designated	Total
			Nots	Funds f	Funds	2021 f
INCOME
Charitable activities:
Grants receivable				190,812	59„388	250,200
Investments				50,801		50,801
Other				455		455
Total income				242,068	59,388	301,456
EXPENDITURE
Cost of raising funds:
Investment	management		fees	12,308		12,308
Charitable activities				239,690	44,861	284,551
Total expenditure				251,998	44,861	296,859
Net income / (expenditure)		before	gains or losses	(9,930)	14,527	4,597
Net gains / (losses)	on investments			98,035		98,035
Net income / (expenditure)				88,105	14,527	102,632
Reconciliation offunds
Fund balances transferred		in from	unincorporated
charity			11	1,613,735	110,863	1,724,598
Fund balances carried forward				1,701,840	125,390	1,827,230

			Note				2021
							F
FIXEDASSETS
Investments							1,581,144
CURRENT ASSETS
Debtors						16,095
Cash at bank and in hand						243,011
						259,106
CREDITORS: amounts	falling
due within one year			10			(13,020)
NET CURRENT ASSETS							246,086
TOTAL ASSETS LESSCURRENT LIABILITIES							1,827,230
THE FUNDS OF THE CHARITY:
Unrestricted funds			13				1,827,230
							1,827,230
The notes at pages 12to 19form part ofthese financial				statements.
The accounts were approved		by the trustees	on ...7/6/24~.		.... and signed	on their behalf by
Prof I Pallister				M	ss S Deakin

-11- AOUK S I	-11- AOUK S I	-11- AOUK S I	-11- AOUK S I	-11- AOUK S I
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021
			Note	2021
				5
Cash flows from operating	activities:
Net cash provided by / (used in) operating activities				(9,631)
Cash flows from investing	activities
Dividends and interest from	investments			50,801
Proceeds from sale of investments				582,911
Purchase ofinvestments				(630,917)
Net cash provided by / (used in) investing activities				8,885
Change in cash and cash equivalents in the year				2,049
Cash and cash equivalents	at 1 January 2021 *			240,962
Cash and cash equivalents	at 31 December 2021			243,011
	NOTES TO THE CASH FLOW STATEMENT
1. RECONCILIATION OF NET INCOME/(EXPENDITURE)			TO NET CASH FLOW FROM OPERATING
ACTIVITIES
				2021
				F
Net (expenditure)/income for the year				102,632
Adjustments for:
Net losses / (gains) on investments				(98,035)
Dividends and interest (Increase) / decrease Increase / (decrease)	from investments in debtors * in creditors *			(50,801) 45,574 (9,001)
Net cash provided by	/ (used in) operating	activities		(9,631)
2. ANALYSIS OF CASH	AND CASH EQUIVALENTS
				2021
				f
Cash at bank				243,011

INVESTM	ENT INCOME
		Unrestricted	Designated	Total
		Funds	Funds	2021
		F	6	F
Dividends	-equities	39,111		39,111
Interest -	securities	11,690		11,690
		50,801		50,801

			Note	Unrestricted	Designated	Total
				Funds 6	Funds f	2021 F
Educational		activities		147,569		147,569
Grants	payable			4,000	44,861	48,861
Annual	meeting			68,705		68,705
Governance		costs	5	19,416		19,416
				239,690	44,861	284,551

rants payable are for researc	h projects that relate to	the Charity's objective
		2021
Grants to institutions:
University of Oxford		9,000
University of Nottingham		7,600
Queen Mary University	ofLondon	20,000
StGeorge's University	Hospitals	8,868
		45,468
Grants refunded by institutions:
Cardiff University Hospital		(4,607)
		40,861
Grants to individuals		4,000
Support costs		4,000
		48,861

			Total
			2021
			6
Administration		management	19,620
Secretarial			7,135
Web and	computer costs		7,477
General	administration		13,145
			47,377

			Direct cost	Support costs	Support costs	Total
			of activities	Fixed	Apportioned	2021
			6	F
Educational		activities	108,192	39,377		147,569
Grants	payable		44,861	4,000		48,861
Annual	meeting		64,705	4,000		68,705
			217,758	47,377		265,135

			Unrestricted	Unrestricted	Designated	Total
				Funds	Funds	2021
					6	6
Amounts	paid	to auditor	in
respect of:
- Audit fees				2,400		2,400
- Accounting		and other	services	2,400		2,400
Trustees'	meetings			14,616		14,616
				19,416		19,416

							2021
							6
Operating	lease rentals						7,276
FIXEDASSET INVESTMENTS						Note
							2021
							6
Fair value at		1 January 2021
Transferred		from unincorporated		charity		11	1,443,988
Additions							630,917
Proceeds from sales							(582,911)
Realised net		gains	/ (losses)				7,113
Unrealised	gains /		(losses)				90,922
Movement	in cash		account				(8,885)
Fair value at		31 December 2021					1,581,144
Investments		at fair	value comprise:
							2021
							6
Listed investments
- Equities							1,226,447
- Securities							331,188
Cash within		investment portfolio					23,509
							1,581,144
							2021
							E
Historical cost of listed investments					at 31 December 2021		1,375,189

9.	DEBTORS								2021
									5
	Other debtors								49
	Prepayments								1,694
	Accrued income								14,352
									16,095
10.	CREDITORS								2021
									6
	Trade creditors								5,283
	Accruals								7,737
									13,020
11.	TRANSFER IN FROM			UNINCORPORATED CHARITY
	On 1 January	2021,		in accordance		with	the transfer	agreement,	the assets,	liabilities	and	activities		of
	AOUK (charity	registration			1091445)	were	transferred	to AOUK & I.Assets and		liabilities	transferred		were
	as follows:
							6		6
	FIXEDASSETS
	Investments
	- listed						1,411,594
	- cash						32,394
								1,443,988
	CURRENT ASSETS
	Debtors
	- prepayments						18,986
	- accrued	income					42,683
	Cash at bank and		in hand				240,962
								302,631
	CREDITORS
	- grants payable						9,920
	- trade creditors						1,879
	- accruals						10,222
									(22,021)
	Net assets transferred			1 January 2021				1,724,598

Net	assets	transferred were	anslysed betw	een funds a	s follows:
			Unrestricted	Designated	Total
			Funds f	Funds f	01.01.2021 f
Fixed	assets		1,443,988		1,443,988
Cash			154,179	86,783	240,962
Other	current	assets/(liabilities)	15,568	24,080	39,648
			1,613,735	110,863	1,724,598

		Transfer from			Net gains	/
		unincorporated			(losses) on		Fund at
		charity f	Income f	Expenditure f	investments		31.12.2021 F
General fund		1,613,735	242,068	(251,998)	98,035		1,701,840
Designated	fund:
Research and
Development	fund	110,863	59,388	(44,861)			125,390
		1,724,598	301,456	(296,859)	98,035		1,827,230

AN	ALYSIS	OF NET ASSET	S BETWEEN	FUNDS
			Unrestricted	Designated	Total
			Funds f	Funds f	2021f
Fixed	assets		1,581,144		1,581,144
Cash			130,549	112,462	243,011
Other	current	assets/(liabilities)	(9,853)	12,928	3,075
			1,701,840	125,390	1,827,230