## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |FINANCIAL REVIEW|FINANCIAL REVIEW|FINANCIAL REVIEW|FINANCIAL REVIEW|FINANCIAL REVIEW|FINANCIAL REVIEW||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Principal risks and uncertainties
The trustees
consider
and assess||||||the risks to||which the chariity
is potentially|||exposed||and have established
systems||and| |procedures
to
place suitable||review and manage
those risks. The Finance and Risk sub-committee
review and assess ag risks and put
and sufficient
measures
to mitigate
the risk. This information
is then
recorded
on the Risk Register|||||||||||||in
and| |reported to|Trustee at||quarterly||board meetings|||for discussion|and agreement.||||||| |The main risks||facing the charity|||are considered|||to be:|||||||| |Risk|||||||Description||||||Management||| |Operationah||Key individual||reliance|||In a small team,
formed charity,||within
there is|a newly
a high|||-Engagement
and wellbeing
of
employees
is a key priority of||| ||||||||degree of reliance
on individuals||||||senior management||| ||||||||which means that||||||- High level ofcommunication||| ||||||||disengagement||of key staff could||||to ensure any risks identified||| ||||||||have a disruptive||impact on the||||and mitigated
early||| ||||||||planned
projects.||||||- Regular communication||| ||||||||||||||between
Chair ofTrustees,||| ||||||||||||||Director and employed
staff||| |Operational:||Failure|to attract||and||Within a newly formed|||charity|it||- Good benchmarking
to||| |hire new staff|||||||could be difficult||to attract new||||industry to ensure||| ||||||||employees,
particularly||||||compensation
is appropriate|for|| ||||||||considering
the||current|job|||the role||| |||||||||market.|||||-To date the charity has not||| ||||||||||||||experienced
any issue with||| ||||||||||||||hiring
and typically
receives a||| ||||||||||||||high number of applications|for|| ||||||||||||||each role advertised||| |Financial:|Failure to||identify|long|||The chariiiy aims to apply for||||||Ongoing
funding||| |term funding||streams|||||funding
for a range of projects||||to||requirements
identified at slart||| |||||||||be delivered
by|partners.||||of projects||| |||||||||Funding for this|needs|to be|||- Prudent
reserves
policy to||| |||||||||identified.|||||ensure no service provision||| ||||||||||||||halted
in an unplanned
manner||| ||||||||||||||- Feasibility of different options||| ||||||||||||||being explored||| ||||||||||||||- Engagement
offundraiser|and|| ||||||||||||||grant/bid
writer to ensure||| ||||||||||||||adequate
funding
applications||| |Financial:|Failure to|||||||As the charity is newly||formed,|it||- Dur project development||| |identify/construct
projects to
funded||||be||||may struggle to idengfy
key
projects to fund
in a timely|||||process includes extensive
engagement
with the autistic||| |||||||||manner.
Competition
from other|||||community
and other||| |||||||||charities
may make it more|||||stakeholders
to ensure the||| |||||||||difficult for funding
to be|||||most impadful
projects are||| |||||||||received.|||||funded.||| ||||||||||||||- Regular planning
meetings||| ||||||||||||||and monitoring
ofstrategic||| ||||||||||||||direction to ensure we are||| ||||||||||||||funding
the most promising||| ||||||||||||||projects which meet peoples||| ||||||||||||||needs||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||Period| |---|---|---|---|---|---|---|---| ||||||||1/2/21| |||||||Year Ended|to| |||||||30/6/22|30/6/21| |||||Unrestricted|Restricted|Total|Total| ||||Notes|fund
I|funds
I|funds
f|fundsI| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies|||3|897,735||897,735|2,066,366| |Other income||||13,440||13,440|| |Total||||911,175||911,175|2,066,366| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |Support and improve|the lives of|autistic people||246,179|333 333|579,512|34,341| |NET INCOME/(EXPENDITURE)||||664,996|(333,333)|331,663|2,032,025| |RECONCILIATION|OF FUNDS||||||| |Total funds brought|forward|||1,032,025|1,000,000|2,032,025|| |TOTAL FUNDS CARRIED FORWARD||||1,697,021|666,667|2,363,688|2,032,025| ## ## ||||Period| |---|---|---|---| ||||1/2/21| |||Year Ended|to| |||30/6/22|30/6/21| ||Notes|E|| |Cash flows from operating
activities
Cash generated
from operations||610,265|1,767,762| |Net cash provided
by operating
activities||610,265|1,767,762| |Cash flows from investing
acbvities
Purchase ofintangible
fixed assets
Purchase oftangible
fixed assets
Sale oftangible
fixed assets||(1,360)
(1,256)|(3,394)
(4,152)
300| |Net cash used
in investing
activities||(2,616)|(7,246)| |Change
in cash and cash equivalents
the reporting
period|in|607,649|1,760,516| |Cash and cash equivalents
atthe|||| |beginning
ofthe reporting
period||1,760,516|| |Cash and cash equivalents
atthe end
the reporting
period|of|2,368,165|1,760,516| ## ## ||||||Period| |---|---|---|---|---|---| ||||||1/2/21| |||||Year Ended|to| |||||30/6/22|30/6/21| |||||I|I| |Net income|for the|reporUng|period (as per the Statement of||| |Financial Activities)||||331,663|2,032,025| |Adjustments|for:||||| |Depreciation|and amortisation|||2,524|185| |Decrease/(increase)||in debtors||279,373|(280,795)| |(Decrease)/increase||in creditors||(3,295)|16,347| |Netcash provided||by operations||610,265|1,767,762| |ANALYSIS OF CHANGES IN NET FU|NDS||| |---|---|---|---| ||At 1/7/21
I|Cash flow
I|At 30/6/22
I| |Net cash|||| |Cash at bank|1,760,516|607,649|2,368,165| ||1,760,516|607,649|2,368,165| |Total|1,760,516|607,649|2,368,165| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS
AND LEGACIES||| |---|---|---| |||Period| |||1/2/21| ||Year Ended|to| ||30/6/22
6|30/6/21
f| |Donations|897,735|2,066,366| ## ## ## ## ## ## |in August 2021 the charity
paid the first tran
to the music therapy project.|che
of the grant awa|rded
to The A|utism
Research
Ce|ntre
in
relati| |---|---|---|---|---| |SUPPORT COSTS||||| ||||Governance|| ||Management|Finance
f|costs
f.|Totals
f| |Support and improve the lives of autistic
people|240,665|29|5,485|246,179| |NET INCOME/(EXPENDITURE)||||| |Net income/(|expenditure)
is stated after charging/(crediting)|:|| |---|---|---|---| ||||Period| ||||1/2/21| |||Year Ended|to| |||30/6/22
f|30/6/21
f| |Depreciation
Patents and|—owned abets
licences amortisation|1,664
338|132
10| |Development|costs amortisation|522|43| ## ## ## ## ## ## ## |STAFF COSTS||||||||| |---|---|---|---|---|---|---|---|---| |||||||||Period| |||||||||1/2/21| ||||||||Year Ended|to| ||||||||30/6/22|30/6/21| ||||||||I|I| |Wages and salaries
Social secudity coals|||||||125,422
10,736|10,117
1,091| |Other pension costs|||||||9,391|180| ||||||||145,549|11,388| |The average
monthly|number of||employees|during the year was|as follows:|||| |||||||||Period| |||||||||1/2/21| ||||||||Year Ended|to| ||||||||30/6/22|30/6/21| |Management
and Administration|||||||3|1| |The number of employees||whose|employee|benefits (exduding|employer|pension|costs) exceeded|660,000 was:| |||||||||Period| |||||||||1/2/21| ||||||||Year Ended|to| ||||||||30/6/22|30/6/21| |670,001 - 680,000|||||||1|| |Key management
compensation|||for the year|was 696,099(202167,485).||||| |COMPARATIVES FOR THE STATEMENT||||OF FINANCIAL ACTIVITIES||||| ||||||Unrestricted||Restricted|Total| |||||||fund
6|fundsI|fundsI| |INCOME AND ENDOWMENTS|||FROM|||||| |Donations
and legacies|||||1,066,366||1,000,000|2,066,366| |EXPENDITURE ON||||||||| |Charitable
activities||||||||| |Support and improve the
people||lives ofautistic||||34,341||34,341| |NET INCOME|||||1,032,025||1,000,000|2,032,025| |TOTAL FUNDS CARRIED FORWARD|||||1,032,025||1,000,000|2,032,025| |11.|INDEPENDENT|EXAMINATION|EXAMINATION|EXAMINATION|||||| |---|---|---|---|---|---|---|---|---|---| ||The independent|examiner's fee consisted of:|||||||| ||||||||2022||2021| ||||||||f||f| ||Independent
examination||||||1,000||750| ||Preparation
ofstatutory||financial statements||||1,000||750| ||Preparation
ofcorporation|||tax returns|||||350| ||||||||2,000||1,850| |12.|INTANGIBLE FIXEDASSETS||||||||| ||||||Patents||||| ||||||and||Development||| ||||||licences||costs||Totals| ||||||f||f||f| ||COST||||||||| ||At 1July 2021||||1,261||2,133||3,394| ||Additions||||1,360||||1,360| ||At 30June 2022||||2,621||2,133||4,754| ||AMORTISATION||||||||| ||At 1July 2021|||||10||43|53| ||Charge for year|||||338||522|860| ||At 30June 2022|||||348||565|913| ||NET BOOKVALUE||||||||| ||At 30June 2022||||2,273||1,568||3,841| ||At 30June 2021||||1,251||2,090||3,341| |13.|TANGIBLE FIXEDASSETS||||||||| ||||||||||Computer| ||||||||||equipment
f| ||COST||||||||| ||At 1July 2021||||||||3,852| ||Additions||||||||1,256| ||At 30June 2022||||||||5,108| ||DEPRECIATION||||||||| ||At 1July 2021||||||||132| ||Charge for year||||||||1,664| ||At 30June 2022||||||||1,796| ||NET BOOK VALUE||||||||| ||At 30June 2022||||||||3,312| ||At 30June 2021||||||||3,720| ## ## |14.|DEBTORS:AMOUNTS FALLING|DEBTORS:AMOUNTS FALLING|DEBTORS:AMOUNTS FALLING|DEBTORS:AMOUNTS FALLING|DEBTORS:AMOUNTS FALLING||DUE WITHIN ONE YEAR|||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2022|2021| ||||||||||I|I| ||Autism
Research Trust|||||||||280r795| ||Prepayments||||||||1,422|| ||||||||||1,422|280,795| |15.|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR||||||||| ||||||||||2022I|2021
I| ||Trade creditors||||||||4,275|3,542| ||Social security|and|other||taxes||||3,648|2,845| ||Other creditors||||||||509|180| ||Accruals and deferred|||income|||||4,620|9,780| ||||||||||13,052|16,347| |16.|MOVEMENT IN FUNDS|||||||||| ||||||||||Net|| ||||||||||movement|At| |||||||||At 1/7/21
I|in funds
I|30/6/22
I| ||Unrestricted|funds||||||||| ||General
fund|||||||1,032,025|664,996|1,697,021| ||Restrictedfunds|||||||||| ||The John tambion||Trust||- Research||Project|1,000,000|(333,333)|666,667| ||TOTAL FUNDS|||||||2,032,025|331,663|2,363,688| ||Net movement|in|funds,||included|in the above are as follows:||||| |||||||||Incoming|Resources|Movement| |||||||||resources
I|expended
I|in funds
I| ||Unrestricted|funds||||||||| ||General fund|||||||911,175|(246,179)|664,996| ||Restricted funds|||||||||| ||The John tambton||Trust||- Research||Project||(333,333)|(333,333)| ||TOTAL FUNDS|||||||911,175|(579,512)|331,663| ## ## ## ## ## |Comparative|s
fo|r move|ment
in f|unds|||| |---|---|---|---|---|---|---|---| |||||||Net|| |||||||movement|At| ||||||At 1/2/21|in funds|30/6/21| ||||||6|I|6| |Unrestricted|funds||||||| |General
fund||||||1,032,025|1,032,025| |Restricted funds|||||||| |The john lambton||Trust -|Research|Project||1,000,000|1,000,000| |TOTAL FUNDS||||||2,032,025|2,032,025| |Comparative|net movement||in funds,|included|in the above are as follows:||| ||||||Incoming|Resources|Movement| ||||||resources
6|expended
I|in funds| |Unrestricted|funds||||||| |General fund|||||1,066,366|(34,341)|1,032,025| |Restricted|funds||||||| |The john Lambton||Trust -|Research|Project|1,000,000||1,000,000| |TOTAL FUNDS|||||2,066,366|(34,341)|2,032,025| ## ## ## ## ||||||30/6/2023
6|30/6/2024
I| |---|---|---|---|---|---|---| |Grant|-|music|therapy|project|333/333|333,333| |Grant|-|grant|writer||52,106|| ||||||385,439|333r333| ## ## ##