##
|Trustees|Report and General Information|Report and General Information|2-5|
|---|---|---|---|
|Auditors|Report||6-8|
|Statement|ofFinancial|Activities||
|Balance|Sheet||10|
|Statement|ofCash Flows|||
|Notes to|the Financial|Statements|12- 19|
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##
|FINANCIAL STATEMENTS FOR THE|YEAR ENDED 31STDECEMBE|R 2021||
|---|---|---|---|
|BALANCE SHEET|||Combined|
|||2021|2020|
||Note|Total|Total|
|||E|6|
|FIXEDASSETS||||
|Investments||27,928,558|23,743,398|
|CURRENT ASSETS||||
|Debtors||143,597|18,565|
|Cash at bank||183,992|340,668|
|TOTAL CURRENT ASSETS||327 589|359233|
|LIABILITIES||||
|Creditors
falling due within one year|10|2,530,985|2,276,949|
|NET CURRENT LIABILITIES||(2,203,396)|(1,917,716)|
|NET ASSETS||25,725,162|21,825,682|
|THE FUNDS OP THE CHARITY||||
|Unrestricted
funds||19,611,628|16,274,982|
|Restricted funds||6,113,534|5,550,700|
|Total funds||25,725,162|21,825,682|
##
##
|STATEMENT OF|CASH|F|LOWS|||||
|---|---|---|---|---|---|---|---|
||||||||Combined|
|||||||2021|2020|
||||||Note|Total|Total|
|Net cash provided|by/(used||in) operating|activities|12|989,185|(721,734)|
|Cash flows from|investing||activities:|||||
|Interest
and dividends||||||948,279|737,906|
|Bank interest||||||29||
|Cash invested||||||(2,123,409)|(413,000)|
|Management
fees|paid I'rom||capital account|||29,240|28,038|
|Net cash provided|by/(used||in) investing|activities||(1,145,861)|352,944|
|Change
in cash and cash equivalents
in the reporting
period||||||(156,676)|(368,790)|
|Cash and cash equivalents||at the||||||
|beginning ofthe|reporting||period|||340,668|709,458|
|Cash and cash equivalents||at the||||||
|end ofthe reporting
period|||||12|183,992|340,668|
##
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##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|BEQUESTS AND GRANTS||Funds|Funds|Funds|
|Year ended 31stDecember 2021|||||
|Rosetree||32,500||32,500|
|Jon Moulton Foundation|Grant||127,936|127,936|
|Other donations||60||60|
|||32,560|127,936|160,496|
|||Unrestricted|Resnicted|Total|
|||Funds|Funds|Funds|
|Year ended 31st December 2020|||||
|Rosetree||32,500||32,500|
|Jon Moulton Foundation|Grant||124,400|124,400|
|Other donations||60||60|
|||32,560|124,400|156,960|
##
|NOTES|TO|THE FINANCIAL STATEMENTS|THE FINANCIAL STATEMENTS||||||
|---|---|---|---|---|---|---|---|---|
|||||||2021|2021|2021|
|3b)||INVESTMENT INCOME||||Unrestricted|Restricted|Total|
|||||||Funds|Funds|Funds|
||||||||8|8|
|||Listed UK investments||||723,966|224,313|948,279|
|||||||||Combined|
|||||||2020|2020|2020|
|||||||Unrestricted|Restricted|Total|
|||||||Funds|Funds|Funds|
|||||||8|||
|||Listed UK investments||||551,948|185,552|737,500|
|4)||CHARITABLE ACTIVITIES|||||Support and||
|||||||Charitable|Governance||
|||||||Activities|Costs|Total|
|||Year ended 31stDecember|2021||||||
|||Grants (see note 6)||||782,985||782,985|
|||Bank charges|||||328|328|
|||Accountancy|||||7,200|7,200|
|||Audit fee|||||4,200|4,200|
|||Recharged
salaries|||||200,932|200,932|
|||Miscellaneous|||||12,378|12,378|
|||||||782,985|225,038|1,008,023|
||||||||Support and||
|||||||Charitable|Governance|Combined|
|||||||Activities|Costs|Total|
|||Year ended 31stDecember 2020||||f,|||
|||Grants (see note 6)||||777,418||777,418|
|||Bank charges|||||352|352|
|||Accountancy|||||10,238|10,238|
|||Audit fee|||||10,032|10,032|
|||Recharged
salaries|||||205,931|205,931|
|||Miscellaneous|||||35|35|
|||||||777,418|226,588|1,004,006|
|||AUDITORS' REMUNERATION|||||||
|||The auditors'
remuneration|constituted|an audit fee|of84,200|(2020:for the four predecessors
610,032) and|||
|||management
accounts fees and tax work of87,200|||(2020; for|the four predecessors f|10,238).||
|||ANALYSIS OF GRANTS||||||Combined|
|||This is made up ofgrant commitments||to mstitutions|analysed|as follows;|2021|2020|
|||TP Gunton|||||||
|||2020 - Dr BDavies||||||57,207|
|||Helen H Lawson|||||||
|||2020 - Dr TWaterfield||||||49,200|
|||2021 - Dr Emily Bowen|||||36,800||
|||2021 - Dr Kate Atkinson|||||19,935||
|||Josephine
Lansdell|||||||
|||2020 - Dr TPatterson||||||64,076|
|||2021 - Dr Tian Zhoa|||||64,895||
|||c/fwd to page 15|||||121,630|170,483|
##
|NOTES|TO|THE FINANCIAL
STATEMENTS|THE FINANCIAL
STATEMENTS|THE FINANCIAL
STATEMENTS||||||
|---|---|---|---|---|---|---|---|---|---|
|6)||ANALYSIS OF GRANTS|.....||...continued|||2021|Combined
2020|
|||||||||6|8|
|||b/fwd
I'rom page 14||||||121,630|170,483|
|||Vera Down||||||||
|||2020 - Dr SRinaldi|||||||64,955|
|||2021 - Dr Ruth Dobson||||||63,857||
|||Kathleen Harper||||||||
|||2020 - Dr A Hammond|||||||57,539|
|||2021 - Dr Monique
Anderson||||||64,500||
|||Doris Hillier||||||||
|||2020 - Dr P Riches|||||||50,857|
|||2021 - Dr A Soni||||||64,095||
|||Scholarship
Trust||||||||
|||2020 - Professor A Grant|||||||64,800|
|||2021 - Dr Judith Johnson||||||62,938||
|||JMoulton||||||||
|||2020 - Dr A Al-Hindawi|||||||61,109|
|||2020 - Dr RBrown|||||||63,290|
|||2021 - Professor Christina|van der Feltz-Cornelis|||||64,955||
|||2021 - Professor Holly Bridge||||||62,981||
|||Lift into Research||||||||
|||2020 - Dr K Fairhurst|||||||20,000|
|||2020 - Dr H Al Hassan|||||||20,000|
|||2020 - Mr C Herman|||||||20,000|
|||Margaret
Temple
2020 - Dr M Barbu|||||||49,555|
|||2020 - Dr C Osimo and Professor|||0 Howes||||19,096|
|||2021 - Dr James Bisby and|Dr Michael Bloomfield|||||64,864||
|||Dawkin
and Strutt||||||||
|||2020 - Dr M Pi Pietro|||||||64,683|
|||2021 - Dr Isioma Egbuniwe||||||64,998||
|||James Trust||||||||
|||2020 - Dr Aran Signanayagam|||||||64,641|
|||2021 - Dr Hugo Fame||||||64,387||
|||H CRoscoe||||||||
|||2020 - Dr Conor Bamford|||||||64,040|
|||2021 - Professor Peter Stockley||||||64,511||
|||Other grants and prizes||||||||
|||Covid-19 grant||||||36,209||
|||Adjustment
for grants unclaimed|||(prior years)|||(16,940)|(77,630)|
|||||||||782,985|777,418|
|||ANALYSIS OF STAFF COSTS||||||||
|||The Foundation
does not directly|||employ|any|staff.|||
|||A recharge ofadministrative||costs, including|||staff time is recharged|to the charity by the British Medical||
|||Association
as shown in note||2,||||||
||||||||||Combined|
|8)||INVESTMENTS||||||2021|2020|
|||Market value at 1st January|2021|||||23,430,474|23,931,230|
|||Additions||||||2,058,356|2,463,633|
|||Disposals||||||(1,746,847)|(1,498,410)|
|||Net realised (losses)/gains||||||(424,983)|(127,954)|
|||Net unrealised
(losses)/gains||||||2,515,974|(1,338,026)|
|||Market value at 31st December 2021||||||25,832,974|23,430,473|
|||Historical cost at 31stDecember|||2021|||18,344,811|17,467,364|
##
##
||||Combined||Combined|
|---|---|---|---|---|---|
|||Cost|Cost|Market|Value|
|||2021|2020|2021|2020|
|||f,||8||
|Listed|equity investments|18,344,811|17,467,364|25,832,974|23,430,473|
|Cash|held at brokers|2,095,584|312,925|2,095,584|312,925|
|||20,440,395|17,780,289|27,928,558|23,743,398|
##
|DEBTORS|||Combined|
|---|---|---|---|
|||2021|2020|
|||Due within|Due within|
|||one year|one year|
|Accrued income||127,936||
|Other debtors||15,661|18,565|
|||143,597|18,565|
|CREDITORS|||Combined|
|||2021|2020|
|||Due within|Due within|
|||one year|one year|
||||f.|
|Grant commitments|outstanding|2,418,461|2,208,320|
|Accruals||112,524|68,629|
|||2,530,985|2,276,949|
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|NOTES|TO THE FINANCIAL
STATEMENTS|TO THE FINANCIAL
STATEMENTS|TO THE FINANCIAL
STATEMENTS|TO THE FINANCIAL
STATEMENTS|TO THE FINANCIAL
STATEMENTS|||
|---|---|---|---|---|---|---|---|
|12)|RECONCILIATION
OF INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES||||||Combined|
|||||||2021|2020|
|||||||I||
||Net income for the reporting|||period (as|per page 9 - SOFA)|3,899,480|(1,603,033)|
||Adjustments
for:|||||||
||Dividends
and interest trom||investments|||(948,279)|(737,906)|
||Bank interest|||||(29)||
||(Gains)/losses
on investments|||||(2,090,991)|1,465,980|
||(Increase)/decrease|in debtors||||(125,032)|(17,340)|
||Increase/(decrease)|in creditors||||254,036|170,565|
||Net cash provided|by/(used|in) operating||activities|989,185|(721,734)|
||||||||Combined|
||ANALYSIS OF CASH AND|||CASH EQUIVALENTS||2021|2020|
||Cash at bank|||||183,992|340,668|
##
##
##
##
|ANALYSIS||OF PRINCIPAL|SOFA COMPONENT|S
FOR THE PR|EVIOUS RE|PORTING PE|RIOD|
|---|---|---|---|---|---|---|---|
||||2020|2020|2020|2020|Combmed|
||||Joan Dawkins|TV James|H C Roscoe|Scholarship|Total|
||||||I|||
|Total income|||148,215|89,722|66,753|590,176|894,866|
|Total expenditure|||(181,618)|(86,021)|(101,350)|(662,930)|(1,031,919)|
|Net inoome/(expenditure)|||(33,403)|3,701|(34,597)|(72,754)|(137,053)|
|Gains/(losses)|||(323,120)|(166,433)|(159,856)|(816,571)|(1,465,980)|
|Net movement||in fund|(356,523)|(162,732)|(194,453)|(889,325)|(1,603,033)|
|Brought forward|||4,784, 182|2,927,819|2,138,504|13,578,210|23,428,715|
|Carried forward|||4,427,659|2,765,087|1,944,051|]2,688,885|21,825,682|
|ANALYSIS||OF NKT ASSETSAT THE DATE OF||MERGER||||
||||2020|2020|2020|2020|Combined|
||||Joan Dawkins|TV James|H CRoscoe|Scholarship|Total|
||||f,|||||
|Net assets|||4,427,659|2,765,087|1,944,051|12,688,885|21,825,682|
|Represented|by:|||||||
|Unrestricted||funds|4,427,659|||11,847,323|16,274,982|
|Restricted
funds||||2,765,087|1,944,051|841,562|5,550,700|
|Total funds|||4,427,659|2,765,087|1,944,051|12,688,885|21,825,682|