| Page | |
|---|---|
| Trustee report | 1 -2 |
| Statement of responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7- 12 |
| Restricted | Restricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 111,410 | 116,612 |
| Total income | 111,410 | 116,612 | |
| Expenditure on: | |||
| Charitable activities | 3 | 116,734 | (2,005) |
| Total expenditure | 116,734 | (2,005) | |
| Net income/(expenditure) and movement in funds | (5,324) | 118,617 | |
| Reconciliation of funds: | |||
| Fund balances at 1 July 2024 | (116,838) | (235,455) | |
| Fund balances at 30 June 2025 | (122,162) | (116,838) |
| 2025 | 2025 | 2024 | 2024 | ||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 7 | 726 | 272 | ||
| Cash at bank and in hand | 331,222 | 438,687 | |||
| 331,948 | 438,959 | ||||
| Creditors: amounts falling due within one 8 | |||||
| year | (174,760) | (276,447) | |||
| Net current assets | 157,188 | 162,512 | |||
| Creditors: amounts falling due after more | |||||
| than one year | 9 | (279,350) | (279,350) | ||
| Net liabilities | (122,162) | (116,838) | |||
| The funds of the charity | |||||
| Restricted income funds | 11 | (122,162) | (116,838) | ||
| (122,162) | (116,838) |
| Restricted | Restricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Grants | 111,410 | 116,612 | |
| 3 | Expenditure on charitable activities | ||
| Expenses | Expenses | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 73,554 | 76,023 | |
| Hotels, travel and subsistence | 1,550 | 2,046 | |
| Consultancy | 6,547 | 7,030 | |
| Computer costs | 173 | 461 | |
| General office expenses | 595 | 40 | |
| Legal and professional | 13,413 | 7,957 | |
| Accountancy | 5,602 | 7,040 | |
| Bank charges | 486 | 514 | |
| VAT partial exemption adjustment | 269 | ||
| Foreign currency loss/(gain) Insurance |
(1,456) 11,762 |
13,274 29,007 |
|
| Shipping costs | 4,508 | ||
| Reversal of expenses from prior years | (145,666) | ||
| 116,734 | (2,005) | ||
| Analysis by fund | |||
| Restricted funds | 116,734 | (2,005) |
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| 6 | 6 | |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 73,554 | 76,023 |
| 7 Debtors | |||
|---|---|---|---|
| 2025 | 2024 | ||
| Amounts falling due within one year: | £ | £ | |
| Other debtors | 726 | 272 | |
| 8 Creditors: amounts falling due within one year | |||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Government grants | 10 | 154,716 | 266,126 |
| Trade creditors | 12,050 | ||
| Other creditors | 4,896 | 8,320 | |
| Accruals and deferred income | 3,098 | 2,001 | |
| 174,760 | 276,447 | ||
| 9 Creditors: amounts falling due after more than one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to associate undertakings | 279,350 | 279,350 | |
| 10 Government grants |
| overnment grants | (Continued) | |
| Deferred income is included in the financial statements as follows: | ||
| 2025 | 2024 | |
| £ | £ | |
| Deferred income is included within: | ||
| Current liabilities | 154,716 | 266,126 |
| Movements in the year: | ||
| Deferred income at 1 July 2024 | 266,126 | 97,182 |
| Released from previous periods Resources deferred in the year |
(266,126) 154,716 |
(97,182) 266,126 |
| Deferred income at 30 June 2025 | 154,716 | 266,126 |
| At 1 July 2024 | Incoming | Resources At 30 June | |
|---|---|---|---|
| resources expended 2025 | |||
| £ | £ £ £ | ||
| Horizon 2020 Research and Innovation | grant (116,838) | 111,410 | (116,734) (122,162) |
| Previous year: At 1 July 2023 | Incoming | Resources At 30 June | |
| resources | expended 2024 | ||
| £ | £ | £ £ | |
| hlorizon 2020 Research and Innovation grant | (235,455) | 116,612 | 2,005 (116,838) |
| Restricted | |
|---|---|
| funds | |
| 2025 | |
| £ | |
| At 30 June 2025: | |
| Current assets/(liabilities) | 157,188 |
| Long term liabilities | (279,350) |
| (122,162) |
| li f f | |
|---|---|
| nayss o net assets between unds | (Continued) |
| Restricted | |
| funds | |
| 2024 | |
| £ | |
| At 30 June 2024: | |
| Current assets/(liabilities) | 162,512 |
| Long term liabilities | (279,350) |
| (116,838) |