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|||Notes|Unrestricted|Unrestricted|
|---|---|---|---|---|
||||Total|Total|
||||2022|2021|
|INCOME FROM:|||||
|Investment
income|||1,414|986|
|Charitable
activities|||67,982|71,621|
|TOTAL INCOME|||69,396|72,607|
|EXPENDITURE ON:|||||
|Charitable
Activities|||||
|- Journal expenditure
- Studentships
and grants|||38,099
35,454|45,277
29,668|
|TOTAL EXPENDITURE|||73,553|74,945|
|NET INCOME/(EXPENDITURE)|AND NETMO~ IN||||
|FUNDS BEFORE GAINS AND|LOSSES ON INVESTMENTS||(4,157)|(2,358)|
|Gains/posses)
on investments|||(69,866)|85,613|
|NET MOVEMENT IN FUNDS FOR THE YEAR|||(74,023)|83,255|
|RECONCILIATION
OF FUNDS:|||||
|Total funds|||711,723|628,468|
|Total funds carried forward|||637,700|711,723|
##
##
|||Notes||2022||2021||
|---|---|---|---|---|---|---|---|
||||||6|||
|FIXEDASSETS
Investments|||||566,550||601,606|
|CURRENT ASSETS
Debtors
Cash at bank and in hand||||46,746
29,922||54,665
60,452||
|||||76,668||115,117||
|LIABILITIES||||||||
|Creditors: Due wilhin|one year|10||5,518||5,000||
|NETC~ ASSETS|||tsar||71,150||110,117|
|NET ASSETS|||||637,700||711,723|
|THE FUNDS OF THE CHARITY
Unrestricted
funds|||||637,700||711,723|
##
##
||||Note|2022|2021|
|---|---|---|---|---|---|
|Cash flows from operating|activities:|||||
|Net cash used in operating|activities|||2,866|(6,077)|
|Cash flows fi.om investing|activities:|||||
|Interest and dividends||||1,414|896|
|Purchase ofinvestments||||(34,810)|(10,804)|
|Net cash used in investing|activities|||(33,396)|(9,908)|
|Change
in cash and cash|equivalents|in the year||(30,530)|(15,175)|
|Cash and cash equivalents|brought|forward||60,452|75,627|
|Cash and cash equivalents|carried forward|||29,922|60,452|
##
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|cash or kind (2021:ZNil).
Expenses paid to the Trustees duri|cash or kind (2021:ZNil).
Expenses paid to the Trustees duri|ng
the year totalled fNil (2021:f Nil)|.|
|---|---|---|---|
|INVESTMENT INCOME||2022|2021|
|Foreign interest||286|195|
|Dividends
- equities|and unit trusts|1,128|791|
|||1,414|986|
##
|Current Year|Current Year|||Support||
|---|---|---|---|---|---|
||||Grant|and||
||||funded|governance|Total|
||||activity|costs|2022|
|Funded
&om unrestricted||funds:||f.||
|Studentship|awards||17,378|13,387|30,765|
|Conference|grants||3,202|1,487|4,689|
|Total charitable
expenditure|||20,580|14,874|35,454|
|Prior Year||||Support||
||||Grant|and||
||||funded|governance|Total|
||||activity|costs|2021|
|Funded fiom unrestricted||funds;||||
|Studentship|awards||16,331|10,379|26,710|
|Conference|grants||1,825|1,153|2,978|
|Total charitable
expenditure|||18,156|11,532|29,688|
##
##
|is shown
in the|is shown
in the|table below:||||||
|---|---|---|---|---|---|---|---|
|Current Year|||||Other|||
||||Total|Governance|support|||
|Cost Type|||allocation|related|cost|Basis ofapportionment||
||||8|||||
|Secretarial|costs (80%)||11,899|2,380|9,519|Pro-rata to support|costs|
|Committee|travel (15%)||2,231|446|1,785|Pro-rata to support|costs|
|Miscellaneous||(5%)|744|149|595|Pro-rata to support|costs|
||||14,874|2,975|11,899|||
|||||(20%)|(80%)|||
|Prior Year|||||Other|||
||||Total|Governance|support|||
|Cost Type|||agocation|related|cost|Basis ofappottionment||
|Secretarial|costs (80%)||9,226|1,846|7,380|Pro-rata to support|costs|
|Committee|travel (15%)||1,729|346|1,383|Pro-rata to support|costs|
|Miscellaneous||(5%)|577|114|463|Pro-rata to support|costs|
||||11,532|2,306|9,226|||
|||||(20%)|(80%)|||
|Software usage is based on items posted as recorded
in
oftransactions.|the accounting
system's
administrative
audi|t record|
|---|---|---|
|Governance
costs:|2022|202]|
|Auditors
remuneration|1,805|1,560|
|Allocation ofgovernance|and other support costs:|2022|2021|
|---|---|---|---|
|Studentship
awards||17,378|16,331|
|Conferences
grants||3,202|1,825|
|Total allocated||20,580|18,156|
##
##
##
##
|ANALYSIS OF GRANTS TO INSTITUTIONS|||
|---|---|---|
||2022|2021|
|- Conference
Grants Paid|||
|Nottingham
University|325||
|Birmingham
University||405|
|Cambridge
University|500|500|
|Oxford University|498|240|
|NCH||500|
|Royal Ho1loway||500|
|Leeds University|300||
|Sheffield University|500||
|Warwick University|1,450||
|Edinburgh
University|500|500|
|St Andrews|880||
|KCL|450||
|UCL|300||
||5,703|2,645|
|Less unclaimed
grants for prior years|(2,501)|(820)|
||3,202|1,825|
##
##
|FIXEDASSET INVESTMENTS|FIXEDASSET INVESTMENTS|2022|2021|
|---|---|---|---|
|Movement
in fixed asset listed|investments|||
|Market value brought
forward|at 1st January 2022|601,606|494,717|
|Add: additions
to investments|at cost||21,276|
|Add net (loss)/gain
on revaluation||(69,866)|85,613|
|Market value at 31stDecember|2022|531,740|601,606|
|Capital account||34,810||
|Total investments
at 31stDecember 2022||566,550|601,606|
|Historic cost at 31stDecember|2022|327,413|306,137|
|Ordinary
and|Preference|Shares|2022|2021|
|---|---|---|---|---|
|149Vanguard|Investment|Series Japan Index Instl Plus|5.16%||
|885 Vanguard|Investment|UK Ltd US Eq Instl Plus|47 63%|46.86%|
|289 Vanguard|Investments|UK Ltd FTSEDev Instl Plus|9.99%|9.58%|
|275 Vanguard|Investment|Series EM Stock Index Instl Plus|7.50%|7.39%|
##
|NOTES|TO|THE|FINANCIAL STATEMENTS
ANALYSIS OFC~ASSETS||2022|2021|
|---|---|---|---|---|---|---|
||||Accrued income||46,746|54,665|
||||Cash at bank||29,922|60,452|
||||||76,668|115,117|
|10.|||ANALYSIS OF CURRENT LIABILITIES||2022|2021|
||||Creditors
due within one year:||8||
||||Accruals||5,518|5,000|
||||RECONCILIATION
OF NET MOVEMENT|IN FUNDS TONET CASH FLOW FOR OPERATING|||
||||ACTIVITIES||||
||||||2022|2021|
||||Net movement
in funds||(74,023)|83,255|
||||Deduct investment
income shown in investing|activities|(1,414)|(986)|
||||Deduct gains on investments
(increase)/decrease
in debtors||69,866
7,919|(85,613)
(4,558)|
||||(Decrease)/increase
in creditors||518|1,825|
||||Net cash used in operating
activities||2,866|(6,077)|