|||Page||
|---|---|---|---|
|Chairman's
Report|1|to|3|
|Report ofthe Trustees||to|12|
|Independent
Examiner's
Report||13||
|Statement
of Financial Activities||14||
|Statement of Financial
Position||||
|Statement ofCash Flows||16||
|Notes to the Statement ofCash Flows||17||
|Notes to the Financial Statements|18 to||26|
|Detailed Statement of Financial Activities|27|to|28|
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|FINANCIAL|FINANCIAL||REVIEW|REVIEW||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|principal|risks and uncertainties|||||||||||||||||||||
|The trustees||consider||and assess the risks|||to which the charity||||is potentially||||exposed
and have established
systems||||||and|
|procedures|to||review and manage those risks. The||||||Finance and||Risk|||sub-committee||review and assess all risks||and put|||in|
|place suitable|||and sufficient||measures
to||mitigate||the risk. This|||information|||is then
recorded
on the Risk Register||||||and|
|reported to Trustee at||||quarterly||board meetings
for discussion
and agreement.||||||||||||||||
|The main|risks|||||||||||||||||||||
|facing the charity||||||||||||||||||||||
|are considered to be:||||||Description||||||||||Management||||||
|Risk||||||||||||||||||||||
|Operational:
Key individual|||reliance|||In a small|team, there|||is a high degree of||||||- Engagement
and wellbeing||of||||
|||||||reliance on||individuals||which means||||that||employees
is a key priority ofsenior||||||
|||||||disengagement
of|||key|staff could||have a||||management.||||||
|||||||disruptive|impact on the planned|||||projects.||||||||||
|||||||||||||||||—High level of communication|||to|||
|||||||||||||||||ensure any risks are identified|||and|||
|||||||||||||||||mitigated
early.||||||
|||||||||||||||||- Regular communication
between||||||
|||||||||||||||||the Chair ofTrustees,
Director|||and|||
|||||||||||||||||employed
staff.||||||
|Operational:||||||||||||||||||||||
|Failure to attract and||||||It could be difficult|||to|attract new||||||- Good benchmarking
to industry||||to||
|hire new staff||||||employees,||particularly||considering|||the|||ensure compensation
is appropriate||||||
|||||||current job||market.||||||||for the role.||||||
|||||||||||||||||- 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 charity||aims to apply for funding||||||for a||- Ongoing
funding
requirements||||||
|term funding|||streams|||range of projects to be delivered||||||by||||identified at start ofprojects.||||||
|||||||partners.
Funding|||for this needs||to||be|||||||||
|||||||identified.||||||||||||||||
|||||||||||||||||- Prudent
reserves
policy to|ensure|||||
|||||||||||||||||no service provision
halted|in an|||||
|||||||||||||||||unplanned
manner.||||||
|||||||||||||||||- Feasibility of different options||||||
|||||||||||||||||being explored.||||||
|||||||||||||||||—The position ofa grant writer|||at|||
|||||||||||||||||the Autism
Research Centre||(ARC)||||
|||||||||||||||||within the University
of Cambridge||||||
|||||||||||||||||has been in place since August|||2022|||
|||||||||||||||||to ensure adequate
funding||||||
|||||||||||||||||applications.||||||
|||||||||||||||||-Active pipeline
management||and||||
|||||||||||||||||discussions
around
donation||||||
|||||||||||||||||streams
happens
regularly.||||||
|||||||||||||||||-Development
of detailed||||||
|||||||||||||||||fundraising
plans.||||||
##
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##
|Risk|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial:|||||||||||||||
|Failure to identify|||/|Competition|||from||other charities||may||- Our project development
process||
|construct projects|||to be|make it|more|||difficult for funding
to||||be|includes extensive engagement|with|
|funded.||||received.|||||||||the autistic community
and other||
||||||||||||||stakeholders
to ensure the most||
||||||||||||||impactful
projects are funded.||
||||||||||||||- Regular
planning
meetings
and||
||||||||||||||monitoring
ofstrategic direction|to|
||||||||||||||ensure we are funding
the most||
||||||||||||||promising
projects which meet||
||||||||||||||people's needs.||
|External:|||||||||||||||
|Poor financial|health of|||Both the||NHS||and Local authorities||||are|- Early recognition
ofthis position||
|local statutory||services||reporting||annual|||deficits which||limits their||and planning
for alternative||
|||||ability to give||||financial
support||to new|||funding.||
|||||projects.|||||||||||
|||||This issue will||||be|exacerbated|by the|||||
|||||increased cost of living within the UK,|||||||||- Positioning
of offer to give clear||
|||||caused|partly|||by|the high levels||of||benefit to local services so that||
|||||inflation.|||||||||funding
is prioritised.||
||||||||||||||- Development
of evidence of local||
||||||||||||||and national
economic benefit.||
||||||||||||||- Develop methodology
to calculate||
||||||||||||||ACE impact and value for all||
||||||||||||||projects.||
||||||||||||||- Capitalise on other sources of||
||||||||||||||income including
funding.||
|External:|||||||||||||||
|Loss ofsupport||from||Significantly|||elapsed time from||||||- Regular senior leadership
team||
|the autistic community||||incorporation||||ofthe charity to||projects|||meetings.||
|and wider stakeholders||||starting||risks||losing engagement|||and||||
|||||support||from:|||||||||
||||||||||||||- Project development
process||
|||||Donors,||stakeholders,
trustees|||||and|the|agreed
with clear timeframes
for||
|||||autistic|community.||||||||delivery.||
||||||||||||||- Regular engagement
from||
||||||||||||||established
sub-committees,
such as||
||||||||||||||the Finance and Risk Committee||
||||||||||||||- Director of Workstreams
has been||
||||||||||||||in post since May 2022 to oversee||
||||||||||||||the implementation
ofagreed||
||||||||||||||charity priorities.||
||||||||||||||- Regular engagement
with the||
||||||||||||||Steering Group and Community||
||||||||||||||Advisory
panel.||
##
|FINANCIAL|REVIEW|REVIEW|REVIEW|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The main risks||||||||||||||||||
|facing the charity
are considered to|||be:|Description|||||Management|||||||||
|Risk||||||||||||||||||
|External:||||||||||||||||||
|Loss of reputation||||Failure to adequately
engage
with autistic|||||—Creation|ofa Steering||||Group and||||
|||||people and their families / representatives|||||Community||Advisory||panel.|||||
|||||in the co-design|and co-production|||ofACE||||||||||
|||||projects risks not meeting
people's||||need,||||||||||
|||||and reputational|damage to ACE, amongst|||||||||||||
|||||the community|we are|seeking|to support.|||||||||||
||||||||||-The charity||will|continue to seek||||||
||||||||||the views|of autistic|||people||and|||
||||||||||their families||as|we|aim|to||||
||||||||||co-design|ACE projects.||||||||
||||||||||—Community||Engagement||||Manager|||
||||||||||has been|in|post|since May|||2023|to||
||||||||||oversee the||charity's||relationships.|||||
|Compliance:||||||||||||||||||
|Failure to recognise|||all|As the projects|start ACE may be subject||||- Seek expert advice||||as|required||on||
|compliance||||to greater regulatory
framework|||or||compliance||requirements.|||||||
|requirements|as the|||compliance
requirements.||||||||||||||
|multiple
projects||||||||||||||||||
|develop.||||||||||||||||||
|||||Failure to comply with||this will|lead|to|- Regular|reports||to|Finance and|||||
|||||reputational
issues and||enforcement|||Risk committee.|||||||||
|||||processes.||||||||||||||
|FUTURE PLANS||||||||||||||||||
|The Autism|Centre||of Excellence at Cambridge||has been established|||as a science-led
campaigning||||charity||working||closely||
|with
Cambridge||University's||Autism
Research|Centre.|Our aim|is to remove||barriers
and stigma|||for|autistic||people.||We|
|commission|breakthrough|||science, campaigns
and partnerships|||to scale interventions,
tools|||and adaptations|||||to:|||
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes|I||6||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||741,427|114,081|855,508|897,735|
|Other trading
activities||||30,619||30,619|13,440|
|Total||||772,046|114,081|886,127|911,175|
|EXPENDITURE ON||||||||
|Raising funds||||||||
|Charitable
activities||||||||
|Support and improve
Health and Wellbeing|the lives of|autistic people||450,497
10,475|333333|783,830
10,475|579,512|
|Employment||||15,000||15,000||
|Total||||476,419|333,333|809,752|579,512|
|NET INCOME/(EXPENDITURE)||||295,627|(219,252)|76,375|331,663|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||1,697,021|666,667|2,363,688|2,032/025|
|TOTAL FUNDS CARRIED FORWARD||||1,992,648|447,415|2,440,063|2,363,688|
##
|||2023|2022|
|---|---|---|---|
||Notes|I|6|
|Cash flows from operating
activities
Cash generated
from operations||94,399|610,265|
|Net cash provided
by operating
activities||94,399|610,265|
|Cash flows from investing
activities||||
|Purchase of intangible
fixed assets|||(1,360)|
|Purchase oftangible
fixed assets||(1,444)|(1,256)|
|Net cash used
in investing
activities||(1,444)|(2,616)|
|Change
in cash and cash equivalents
the reporting
period|in|92,955|607,649|
|Cash and cash equivalents
at the
beginning
ofthe reporting
period||2,368,165|1,760,516|
|Cash and cash equivalents
at the end
the reporting
period|of|2,461,120|2,368,165|
||RECONCILIATION|OF NET INCOME TO NET CASH|OF NET INCOME TO NET CASH|FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|E|
||Net income for the reporting
Financial Activities)||period (as per the Statement of|||76,375|331,663|
||Adjustments
for:
Depreciation
and amortisation
(Increase)/decrease
in debtors|||||2,980
(12,530)|2,524
279,373|
||Increase/(decrease)|in creditors||||27,574|(3,295)|
||Net cash provided|by operations||||94,399|610,265|
|2.|ANALYSIS OF CHANGES IN||NET FUNDS|||||
|||||At'|1/7/22|Cash flow|At' 30/6/23|
||||||E|E|E|
||Net cash|||||||
||Cash at bank|||2,368,165||92,955|2,461,120|
|||||2,368,165||92,955|2,461,120|
||Total|||2,368,165||92,955|2,461,120|
##
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##
|DONATIONS
AND LEGACIES|||
|---|---|---|
||2023|2022|
||E||
|Donations|855,508|897,735|
##
##
##
##
##
|||||||2023
E|2022f|
|---|---|---|---|---|---|---|---|
|Sales -|services|||||3,000|13,440|
|Website|sales|||||27,619||
|||||||30,619|13,440|
|RAISING FUNDS||||||||
|Raising donations||and legacies||||||
|||||||2023|2022|
|||||||E|E|
|Fundraising
expenses||||||447||
|CHARITABLE ACTIVITIES COSTS||||||||
|||||Grant||||
|||||funding|of|||
|||||activities||Support||
||||Direct|(see note||costs (see||
||||Costs|7)||note 8)|Totals|
||||E|E||E|E|
|Support
people|and improve|the lives of autistic||385,439||398,391|783,830|
|Health|and Wellbeing||10,475||||10,475|
|Employment|||15,000||||15,000|
||||25,475|385,439||398,391|809,305|
|GRANTS PAYABLE||||||||
|||||||2023f|2022
E|
|Support|and improve|the lives of autistic people||||385,439|333,333|
##
##
##
|SUPPORT|COSTS|||||
|---|---|---|---|---|---|
|||||Governance||
|||Management
I|Finance
I|costs
I|Totals
I|
|Support and
people|improve the lives of autistic|391,099|658|6,634|398,391|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)
is stated after||charging/(crediting):||||
|||||2023I|2022I|
|Depreciation
Patents
and|- owned assets
licences amortisation|||2,060
398|1,664
338|
|Development|costs amortisation|||522|522|
##
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##
|STAFF COSTS||||||||
|---|---|---|---|---|---|---|---|
|||||||2023I|2022I|
|Wages and salaries
Social security costs
Pension costs||||||226,883
20,358
13,170|125,422
10,736
9,391|
|Compensation
for loss|of|office||||18,000||
|||||||278,411|145,549|
|The average
monthly|number of employees||during the year was|as follows:||||
|||||||2023|2022|
|Management
and Administration||||||5|3|
|The number
ofemployees||whose employee|benefits (excluding|employer|pension|costs) exceeded|160,000 was:|
|||||||2023|2022|
|670,001 - 680,000
I150,001 - 6160,000|||||||1|
##
|12.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restdicted|Total|
|||||fund|funds|funds|
|||||E|E|E|
||INCOME AND ENDOWMENTS||FROM||||
||Donations
and legacies|||897,735||897,735|
||Other trading
activities|||13,440||13,440|
||Total|||911,175||911,175|
||EXPENDITURE ON||||||
||Charitable
activities||||||
||Support and improve the lives of
people||autistic|246,179|333,333|579,512|
||NET INCOME/(EXPENDITURE)|||664,996|(333,333)|331,663|
||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|
|13.|INDEPENDENT
EXAMINATION||||||
||The independent
examiner's
fee consisted of:||||||
||||||2023|2022|
||||||E.|E|
||Independent
examination
Preparation
ofstatutory|financial|statements||1,000
1,000|1,000
1,000|
||||||2,000|2,000|
|14.|INTANGIBLE FIXEDASSETS||||||
|||||Patents|||
|||||and|Development||
|||||licences|costs|Totals|
|||||E|E|E|
||COST||||||
||At 1July 2022 and 30June 2023|||2,621|2,133|4,754|
||AMORTISATION||||||
||At 1July 2022|||348|565|913|
||Charge for year|||398|522|920|
||At 30June 2023|||746|1,087|1,833|
||NET BOOK VALUE||||||
||At 30June 2023|||1,875|1,046|2,921|
||At 30June 2022|||2,273|1,568|3,841|
##
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|TANGIBLE FI|XED|A|SS|ET|S||||
|---|---|---|---|---|---|---|---|---|
|||||||||Computer|
|||||||||equipment|
|||||||||E|
|COST|||||||||
|At 13uly 2022||||||||5,108|
|Additions||||||||1,444|
|At 30june 2023||||||||6,552|
|DEPRECIATION|||||||||
|At 1july 2022||||||||1,796|
|Charge for year||||||||2,060|
|At 30june 2023||||||||3,856|
|NET BOOK VALUE|||||||||
|At 30june 2023||||||||2,696|
|At 30june 2022||||||||3312|
|DEBTORS:AMOUNTS||||FALLING DUE WITHIN ONE YEAR|||||
||||||||2023|2022|
||||||||E|E|
|Trade debtors|||||||427||
|Other debtors|||||||11,813||
|Prepayments|||||||1,712|1,422|
||||||||13,952|1,422|
|CREDITORS:|AMOUNTS||||FALLING DUE WITHIN ONE YEAR||||
||||||||2023|2022|
||||||||E|E|
|Trade creditors|||||||4,661|4,275|
|Social security
Other creditors|and|other||taxes|||29,075
2,090|3,648
509|
|Accruals and deferred|||income||||4,800|4,620|
||||||||40,626|13,052|
|MOVEMENT IN FUNDS|||||||||
||||||||Net||
||||||||movement|At|
|||||||At 1/7/22|in funds|30/6/23|
|||||||E|E|E|
|Unrestricted|funds||||||||
|General
fund||||||1,697,021|295,627|1,992,648|
|Restricted funds|||||||||
|The 3ohn Lambton||Trust||-|Research Project|666,667|(219,252)|447,415|
|TOTAL FUNDS||||||2,363,688|76,375|2,440,063|
##
|Net movement
in funds,|included|included|in the above|in the above|are as follows:|||
|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Movement|
||||||resources
f|expended
E|in funds
f|
|Unrestricted
funds||||||||
|General
fund|||||772,046|(476,419)|295,627|
|Restricted funds||||||||
|The 3ohn Lambton Trust|-|Research||Project|114,081|(333,333)|(219,252)|
|TOTAL FUNDS|||||886,127|(809,752)|76,375|
|Comparatives
for movement|||in funds|||||
|||||||Net||
|||||||movement|At|
||||||At 1/7/21
E|in funds
f|30/6/22
f|
|Unrestricted
funds||||||||
|General
fund|||||1,032,025|664,996|1,697,021|
|Restricted funds||||||||
|The 3ohn Lambton Trust|-|Research||Project|1,000,000|(333,333)|666,667|
|TOTALFUNDS|||||2,032,025|331,663|2,363,688|
|Comparative
net movement||in funds,||included|in the above are as follows:|||
||||||Incoming|Resources|Movement|
||||||resources
f|expended
f|in funds
f|
|Unrestricted
funds||||||||
|General
fund|||||911,175|(246,179)|664,996|
|Restricted funds||||||||
|The 3ohn Lambton Trust|-|Research||Project||(333,333)|(333,333)|
|TOTAL FUNDS|||||911,175|(579,512)|331,663|
##
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