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|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|
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|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||||||
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|||||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|||
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|-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|
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|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|
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||||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|
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||||||||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|
##
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|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|||||||
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|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|
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|||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|
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|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|
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