, ADELPHI GENETICS FORUM Annual report and unaudlted Flnanclal Statements for the year ended 31 Dè¢fjmber 2024 Chaflty Registration Number- 209258 Company NUmY- 00217533 JCS A¢countants Llmlted S Robin Hood Lane Sutton Surrey SM12SW
Ad•lphi G6n•tlcs Forum {Llmited by GuarantO0) Flnanclal Statements for the year ended 31 Decembèr 2024 Contents Pag• Tnjstees. report Report of the Independent Examiner Slalement of Financial ActNilies Balance Sheel Notes to the finanual statements 7-12
Adelphi Genetics Forum Reference and administrative inf(Kmation Trust••¥ Pre$ld¢n¢ Pr••ld•rtt Prof. NK15 Wcoj Prof•sw 044n Donnai Dr Rosernary EkorwJ Librarian Ar¢hl¥lst Mr Robort Johns¢)n- appointed 12 J¥ne 2024 Dr H818n MI&#t0n.PricO C<>uncll Or Ekn¥ Bthfftova Dr Gr9e 8ui9hel Prof¢ssor Shirfey H(1gSty1 Dr Paul Hurd BSc- resignod 13 Novwntor 2024 Dr Ralph Ltvtnson- appjrtsd 13 No¥8mber 2024 PrcfessLK Anneke Luca5san Pro18S80r C.G. NKhob$ mas¢thTa¢# Dr PwagKJtis serg140t15 Prolessor Damas Swa)w- r85ign8d 12 ju 2024 Prolessor Vcronita van HcyThingen Or Swah WyDn- appoinled 13 Novembgr 2024 Gon•ral S•¢r•tary yNix AddrM• and R•ghl•rnd Olll¢• 19 Northwds Prosw61. London. ErglaTrJ SW18 IPE Ind•p•nd•nt Examln•r K4lri•m CTA FCA JCS AC0nIan1$ knTrNte(I S Rot¥n Hood Lana Surroy SM1 2SW Inv••lm•nt •d¥l••r• CLA Fund Mwa98 85 Angol Lane Lonth EC4R 3AB B4nk•rn Lbyds 88Trk Ltd 70-71 Ch8apshl8 Londc EC4R 3AB R•gl$t•f•d ¢h•Aty Numb•r 209258 Compony Nwb•r (K)217533
Adelphl Genetles Forum Trustees Report The members of the Council of Management submit their report and the financial ststements of the Forum for the year ended 31 tlecember 2024. Structurn. Gov8rnance and Management The Adelphi Genetics Forum {Ihe Forum), was incnrporaled as a ¢ompany limited by guarantee on the 15th Novemb8r 1926, and was registered with the Charity Commission in 1960 with whom its registration number is 209258. The goveming do¢ument of the Forum dated 24 May. 1961 was replaced duriro the year by an amended Arte$ of ASsocialn which was adopted by a special resolution passed at a General Meeting of the members held on 20 March. 2024. On 21 September 2021 the Gatton Institute Changed rts name to the Adelphi GenetS Forum. Obl8¢tlves and Activitles The Forum exists lo promole public understanding of the s¢ience of human heredity., ils historical developm&nl and its impact on cognate disciplines. The principal means of achieving these objectives are the holding of an annual conference, the publication of the Adelphi Review, SFX)nsorship of relevant conferences. publication of bcoklels on topical themes in the biosocial sciences, publication ol occasional books. travel bursaries for research students and t maintenance of a web site. Publlc Benellt Statement When planning the activities the Trnst&es havo had regard to the Charity Commission's Guidance on the public benefit of the Fowm's activrties in particular the advancement of public education in appropriate areas of knO%edge. Conferen¢•s and Publlcaeions During Ihe year the Forum of9anis8d a large (xx)feren(x with a number of gu8st speakers at the Royal Society on Ihe 16 October 2024. entitled Progress and challenges implementing genomics into practlC8 and sociely. The FONM also hekl a successful teachers. conference in June 2024 in Manchester. This was the ftfth free conference aimed at updating secondary teachers, knowledge of genetics. The Fornm published four issues of the Adelphi Revtsw during Ihg year. Grant Awards The Forum makes small grants for conferences and workshops and rt currentty budgets £8,000 for such gr8nls each year. Up lo Iwo Junior Scientist Travel Fellowships leach being £750 in lolall are also available and are CO•$ponsored with the Genets'cs Society. The availability of grants is advertised on Ihe Forum's website. Each application is reviewed by a committee of Trustees and, Subjecl lo the availability of fvnding, approved if the proposed conference is expected to further the Forum's aims. Page 1
Adelphl G•nèties Forum Trustees Report {continued) Grant Awards (condnued) The Forum is supporting a three year PhD studentship at the Department of Genetics. Evolution and Environment at University College London on a topic related to the Forum's aims. This is entitled 'Removing the population concept fr(Mn evolutionary genetics. and is supervised by Professor Mark Thomas. Dr Adrian Timpson and Dr Adam Rutherford. In the course of the year the following grants We made.'- British Society for P¢¥ulation Studies Annual Conference 2024 Progress Educational Trusi Conference.. 'Mary Warnock at 100.. the Architect of Ern10 Law European Human Behaviour and Evolution Assoryalion Conference 2025 Wales Gene Park (with support gfOUP'Friends of Cardiff Sickle Cell and Thalassaemia'} for community educalk?n wothshop on.. Gene Therapy and G8ne Editing for Th8lassa8mia and Sickle Cell Disorders UCL PhD student award to cover fees and expenses incurred in 2024 Removing the population concepl frw evolutK)nary g8n8bcs 1,500 1.000 1.000 2,000 29.953 Travel Bursaries The Forum will award up to one travel grant per year for outstanding Frfjstdoctoral researchers. Funding will b& up lo £6.000 per year. Futur• Development The Forum plans lo hdd its annual conference at the Royal Society in the autumn 2025. This year it will be entitled Popu18tion Genomic Screening- Explfflng its Complexits. The Forbjm will publish further issues of the Adelphi Review in the year. Flnan¢lal Rovlew The nel income for the year before gains arMI losses on investments was £9.504 and the General Fund al 31 D8¢ember 2024 amcNJnled lo £4,506.770 compared lo £4.396.314 al 31 December 2023. Realised and unrealised gains of £100,951 arise because of the inuease in market value of the investments that ar8 managed by the CCLA Fund Managers. Reswv•$ pollcy The Forum's policy is to maintain suffiuenl reserves lo ensur& that it is able to meet 11$ running costs from the return on its investm6n15 Wrthoul relying on aither subscriptions or external fund-raising. Rlsk assossmènt The Council has assessed the risks lo which the Fofum 1$ exposed 8nd is salisf*d thal systems in place are adequate lo miligale those risks that would threaten the long-lerm survival ol Ihe Forum. The Council is content that other risks should be actepted because the cost of mitigating them would be unacceptable. Recrultment of Trustees New Trustees are generally •JenIrf and proposed by existiro Trustees. Use of Volunteers The Forum does nol primarily (ary out its activities Ihrwgh Ihe structured use of vdunteers. Some Trustees contribute a rge amount of time to the Forum in addition to their dutie$ as Trustees. Page 2
Adelphl Genetlcs Forum Tnjslees Report {continuedl Statement of Trustee's Responslbilitles Company law requires the Trustees lo prepare financial statements for each year which give a true and fair view of the affairs of the company and of its financial position al the year end. In preparing the financial staternenls the Trustees should follow best practice and select suilable ac¢ounling )licies and apply them consistently. They should make judgements arKI estimates thal are reasonab$8 and prudenl and prepare the financial statements on a going concern basis unless il is nappropriale lo presume that the charity wll continue in operation. The Trustees are responsible for keeping a¢Ints'n9 records vthich disck)se vmth reasonable accuracy the financial position of the company and whh enable them to ensure that the financial statements comply wlh the C¢Nnpanies Acl 2CKJ6. The Trustees are also responsible for safeguarding the assets of the ¢hanty and hence for tsking rgasonable steps for the prevention and detection of fraud and other irreguIarrt. On behalf of the Board, Andrew P Read. Honorary Treasurer Dale.. 19 March 2025 Page 3
Adelphi Gènètics Forum Report of the Independent Examiners for the year ended 31 December 2024 Independent examlner's report to the trustees of Adelphl Genetlcs Forum I report to the charity Iruslees on my examination of the accounls of the Adelphi Genetics Forum for the year ended 31 December 2024 set out on pages 5 to 12. RponsIbIlItIeS and basls of report As the charity's trustees you are SponsIble for the preparation of the aco)unls in accrxdance wrth the requirements of the Companies Act 20061'the 2006 Act.). Having satisfied myself Ihat the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respecl of my examination of your charity's accounts as carried out under section 145 of the Chanles Act 20111.the 2011 A¢t'). In carrying out my examination I have followed the direCtS given by the Charity Commission under section 14515}Ibl of the 2011 Act. Indap•ndent examlnerfs statement I have completed my examination. l ¢onfifrn that no material matters have come to my attention in connection with the examination givirg me cause to believe that in any material r8SPeCt: a¢¢ounting records were not kept In resFert of the Company as required by section 386 of the 2006 Act., or the accounts do not accord with Ihose records: or the accounts th) not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view. which is not matter considered as part of an independent examinatK)n'. or the accounts have not been prepared in accordance with the methods and principles of Accounting and Reporting by Charities". Staterr1 of Recommended Practi¢e applicable to charities preparing their accounts in accordance wiltt the Financial R6POrting Standard applicable in the UK and the Republic of Ireland {FRS 102}. I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in Ofder lo anable a proper understanding of th& accounts lo be reached. Miriam Hr¢kson CTA FCA JCS Accountants Llmrted 5 Robin Hood Lane Sullon Surrey SM12SW Dale .' 3 fvl 202S Page 4
Adelphl Gonetlcs Forum Statement of financial activities for the year ended 31 December 2024 (incorporating the income & expenditure account) Note 2024 2023 Incom• and ondowments from: Charitable activities Subscriptions 448 229 Inv8stmenls Investment income Deposit interest 114.689 9.714 110.746 11,010 Ofh8rincom8 Total Inc¢)m• Expendlturn on: Raising funds Cost of Adelphi Raview Cost-of Annual Conference Cost of Teachers Conference 2.427 20,014 2.257 28.999 Charitable aCtivitS Grants For small conferences PhD grant Administration costs Governance costs 5.500 29,953 53,194 6.5¢)0 13,891 45.569 Total •xp•ndltur• Nat Incomo 9.504 24.339 Nel gainslllosses) on investments Net movement In lund$ 110.455 365.995 Fund balances brought forward at 1 January 2024 4396315 403 F¢Jnd balances carried forward at 31 Oecembef 2024 .506 71.Q Page 5
Adelphi G8nalics Forum Balance Sheet as al 31 December 2024 Company number 00217533 Note 2024 2023 Flxed Assets Tangible assets Investments- unlisted 125,327 4 183 148 430847 128.850 82 4111 047 Current assèts Debtors Cash at bank and in hand Investrnenls- deposit account 15,418 21,043 181523 217.984 14.966 17.787 274 620 307,373 Current liabllltles Creditors.. amounts falling due within one year 10 Not current assets 198 295 Total Net asvts Charlty funds General Fund For th& year ended 31 December 2024 the company was entitled lo exemplb)n from 8udil under Section 477 of the Companies Act 2CHJ6 rdating to small companies. The Members have not required the company lo obtain an audit of ils financial statements lor the period in questson in accordance wilh section 476 of the cornpan Act 2006. The Trustees acknovAedge their responsibililies lor complying wrth the requirements of the Ct)mpanies Act 2006 with respect lo accounting records and the Preparatn of financial slalements. Those financial slalemenls have been prepared in accordanr* wrth the provisions appllcable to companies subject lo the small companies regime. These financial stslements were appyoved by the Trustees on 19 March 2025. pu Andrew P Read Honorary Troa$uT8r The notes on pages 7 to 13 fom) part of these accounts. Page 6
Adelphl GenetS¢s Forum Notes to the financial statements f(Y the year ended 31 December 2024 1 Accounting policies Adelphi Genetics Forum is a company limited by guarantee. and a registered charity. The registered office is at 19 Northfields Prospect. NOrthfId5, London. SW18 1 PE. Basls of preparatlon The financial stslemenls have been prepared in accordance with the Charities SORP IFRS1021 Accounting and ReFthing by Charities.. Statement of Reccwnmended Practi and applicable United Kingdom law and accounting stsndards. Th& Forum meets the d8finitM)n of a publ benefft entty ur¥Jer FRS 102. The financial statements have been prepared under the his1tal $1 convention, with the exception of investments whi(* are included at market value. and in accordance with applicable accounting slandafds. Golng ¢oncem The Council of Management considers that Ihwe are no material uncertainlies about the charity's ability to continue as a g)ing concem. Incom• All Irome is rec¢yJnised once the charity has enlitlemenl lo the ino?rne, it is probable that the income will be received and ihe amounl of income re¢eivabF8 can be measured with sufficienl accuracy. Exp•ndStur• Liabilities are recognised as resources expended as soon as there Is an oblsgalion commrttirwJ the charty to the experKliture. All expenditure is ac?nted for on an accruals basis. Grants payable are payments made lo third parties in Ihe fvrtherance of the charitable objectives of the Fonjm and are authorised by th8 Counal of Managem8nl. Charitable support costs have not been allocated lo specific expenditur?. A barge proportion of these costs 8re a¢Unted for by work given freely by the Trusteos. To atternpt to cost thls would be uneconomic lo any benefit oblained. Governanc• co¥t¥ Govefnance costs are those cosls aslated vth meeting Ihe constilulional and statutory requirements of the charity and include fees ol the Independent Examiner and costs linked lo the strategic management of the charity. These have been allocaled directly lo charitable expenditure. Gains and losses on investments Reali5ed gain5 and losses in the stslement of financial activities repsent gains and losses by the Forum on investments sold during the year. Unrealised gains and losses in the slalement of financial activities represent Ihe net increase and decrease in the maikel value of the Forum's investments since the previous balance sheet date or the date acquired. rf later. Page 7
Adèlphi Genetics Forum Notes to the financial statements for the year ended 31 De(mber 2024 1 A¢countlng pollcles Icontlnued Fund accountlng All income and expenditure is taken lo the General Fund. The Forum has no designated or restricted purpose funds. Restricted funds are those subject to specific trusts. 1¢h may be declared by the donor or with their authority. The charity has rn strICted funds al this time. Tanglble fixod assets and dopreclatlon Freehold land is not depreciated. DeprecIatn is calculated to write down other assets to their residual values at Ihe end of their antiopated useful lives al the following rates and bases.. Computer equipment- 20% straight line Office fumilure and other equipment- 10% on reducirvJ balance Frééhold buildings- 2% slraighl line Investment8 Investments a stsled al market valL as at the year 6nd. The Adelphi Genetics Forum rents out part of the IKemises il owns and cUp18$. However, as it is mixed use property where the investment component of the property cannot be reliably mèasured, owing lo its inlegraknon wlh the ground 1kr which the Forum occupies, it is accounted for under at cost. Cash at bank and In h•nd Cash at bank and in hand includes cash and short-lerm h¢ghly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of Ihe doposll of similar account. Credltors and provlslon8 Creditors and provisions are recognised Wre the charity has a wesenl obligation arising from past event that will probably result in the transfer of funds lo a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors are recognis&d al thèir selllemenl amount. Provisions have been calujlaled al the best estimate of the s8tt18menl amount. Flnanclal Instruments The Charity only has finanrjal assets and finanoal lbilItIeS of a kind thal qualify as basicfinanclal instruments. Basic financial inslrumenls are initially recognised at the transaction value and subsequently measured al their settlement Val th the except of bank loans which are subsequently measured al amortised cost using the effective interest method. Page 8
Adelphi Genetics Forum Notes to the financial statements for the year ended 31 December 2024 2 Administration costs 2024 2023 Salary Costs Water Rates and service charge Light and heal Telephone and postage Printing and stationery Advertising and marketing Insufance Website and computer expenses Council meetings Subscriptionslmemberships Bank charges Repairs and maintenance Entertaining Miscellaneous exnseS Depreciation Recharged to Related Paty 37.858 218 2,778 1,675 977 3,993 1,973 1,920 2,898 1,929 740 23 36,510 2,778 1.127 2.663 1,279 1,978 1,375 1,795 418 217 3,523 1,370 1,053 The Trustees have agreed that the Related Paty. the Adelphi Artemis Trust, should bear 12.50/0 of applicable support costs that are borne by the Forum as it shares the support facilities. The melhod of allocation is on a time used basis. 3 Governance costs 2024 2023 Travel. subsistence and room hire Accounting fees Independent examination fee Legal costs 3,979 3,870 1,440 858 1,169 3,240 In Common with many charities of our size and nature. we usè our accountants to prepare the statutory accounts. mainlain our payroll system and bookkeeping. No administration costs have been charged lo govemance costs as these are carried out by unpaid Trustees. 4 Salary costs 2024 2023 Salary National Insurance Employer's allowance 37,858 4,034 (4,034} 36.S10 3,783 13,7831 Amount transfeffed to Relaled Party Number of employees 112023-. 1) Page 9
Adalphi Genètics Forum Notes to the finanaal statements the year eThJed 31 December 2024 5 Transactlons wlth Trnst••s 2024 2023 Travel and SubStence expenses reimbursed The number of Trustees reimbursed was 9 {2023.. 10). The Trustees do not receive any rernuneran blrt may be reimbursed lor out of pocket expenses in[8d in the p8rlornance of Forum duties. 6 Tanglbl• flx8d as$•ts Fmhold Property Flxtures Flttlng• Totsl Cost Al 1 st January 2024 Additions for the year 152.375 28.410 180,785 Al 31 sl December 2024 410 180 785 Dopre¢latlon Al 1st January 2024 Charge for the year 24,000 27,934 476 51.934 52 At 31st December 2024 410 N•t book value At 3151 December 2024 At 31st Oe¢ember 2023 -475 128 850 Page 10
Adelphl Genetlcs Forum Notes to the financial slalements fw the year erKled 31 December 2024 7 Flxed assèts: Invèstmènt# Un115tod Investments 2024 2023 Mathel value at 1 January 2024 Transfers from current assets (Disposals) Realised gainslllosses) Nel unrealised investment Ilosseslgains) Market value at 31 December 2024 3,982,197 3,640.540 100.000 Historical cost at 31 December 2024 8 Debtorn 2024 2023 Artemis Adelphi Trust Other debtors prep8yments Accrued incom8- PLS Accrued income 7,946 6.712 728 6,359 8.607 9 Cash ot bank and In hond 2024 2023 Lloyds: Current Account Paypal 21.043 17.522 10 Crodltors 2024 2023 Grant commitments Other creditors and accwals 13.891 18,562 542 Page 11
Adelphl Genètics Forum Notes to the finanual statements for the year ended 310ecember 2024 11 General fund 2024 2023 8alanc8 al 1 January 2024 Net movement in funds Balance al 31 December 2024 4.396.315 4,030.320 365 995 4 396 315 12 Related party and related party iran$a¢tlons Th6 Forum has overall control over and ultimate responsibih'ty for the assets of the Adelphi Artèmis Trust {the Trusll. The latter tnJsl was estsblished on 17 July 1978 to administer th8 assets of The Society for Constructive Birth Control Limrted which was liquidated al that time. The Tnjst deed provides that the income and assets of the Trust be applied lo "preserve and prolecl Ihe physical and mentsl health of peop. particulady bul Th)t only those from poorer communities by assisting in the provisi of fertility control and other measures to improve reproductive and sexual health." The Fofum provides secfelarial arml adminislralive services lo the Trust for which it is 1MbUrSed at costs. The total amount of sh services in tho year was £7,946 {2023: £6.359). Thè Trust's net income for the year was £25.262 incI1n9 £16,150 of unrealised investmenl gains {2023'. £60,166 01 unrealised investment gains), nel assets for the year were £780.551 12023.. £755,289). Al the year end the Trusl owed the Forum £7,946 {2023'. £6.359). As pemiitted by Chan1 SORP IFRS 1021, consolidated accounts are not prepared as the Forum is a company and the combined income of the linked chanlies is below the audit threshold. Page 12
Adelphl Artemis Trusl Flnancial Statements for the year trnded 31 Decèmber 2024 Registgrod Charlty No. 209258.1 JCS Accountants Llmlted 5 Robin Hood Lane Sutton Surrey SM12SW
Adolphi Artemls Trust Flnan¢lal Statements for the year ondod 31 D•¢•mhr 2024 Content$ Page Administrative information Report of the Trustees Report of the Independent Examiner Sialemenl of Financial Activities Balance sheet Notes lo the financial statements 7-10
Adelphl Artemls Tru$t Reference and administrative information Registered Office 19 Northfields Prospect, London. SW18 1PE Indend•nt Examlner Miriam Hickson CTA FCA JCS Accounlanls Limrted 5 Robin Hood Lane Sutton Surrey SM1 2SW Investment advlsers CCLA F¢Jnd Managers 85 One Angel Lane London EC4R 3AB Bankers Lloyds Bank Ltd 70-71 Cheapside London EC4R 3AB Trusteès The Council of Adelphi Genetics Forum
Adelphl Artemls Trust Report of the Trustees for the year ended 31 December 2024 The members of the Trust submit their retKxt and the financial statements of the Trust for the year ended 31 December 2024. structur•. Gov•rnanc8 and Managgment L6gal and admlnistrativ• detalls The Adelphi Artemis Trust (the Trust) is a registered chanty and a linked charity of the Adelphi Genetics Forum (the Forum) which. on 21 August 1978, obtained recognition as a Trust COration (Article 8a) in order lo accept responsibilty for this related charity. The Trust's original endowment comprised the liqu¢daled assets of the Society for Conslruclive Birth Control Limited through which the Fofum had, for period of eighteen year5, managed the Marie Slopes Memorial Clinic. As a resL¢II of the many changes in the last four decades in social attitudes, socifreconomic CiTcumslan¢es, reproductive technologies and medical knowledge and practice. the Forum's Council considered that the lime had come lo widen the objectives of the Twst to enable it to play a more effective and wider role in the very different ¢ondilions of the tsvenly first century, whilst maintaining much of the spiril underlying the original Trust Deed dated 17 July 1978. The Gallon Inslitute Artemis Trust changed ils name to Ihe Adelphi Artemis Trust on 18 February 2022. The Forum's Councll comprise the Board of Trustees of this linked charity and, by order of the Coundl (though not by Trust Deed) is committed lo spending only the accumulated income from the Fund. Th8 Forum provides secretarial and adminislralive service5 to th& Trust for which il is reimbursed al cost. The Trustees ofthe Trust comprise the Officers ofthe Forum and the Council Members as lisled in the accounts of the Forum. The Trustees receive no remuneratb)n. R•crultnMnt and •ppolntment oi frustees New Trustees are generalty identified and proFosed by existing Trustees. New Trustees are given the Trust Deed outlining their responsibilities. Use of Volunto•rs The Trust does not prwnarity carry out its activities Ihrwgh the structured use of volunteers. There are no regular volunteers other than the Tnjstees. Some Trustees conlribute 8 larg8 amount of lime lo the Trust in addition lo their duties as Truslees. Rlslr assessment Council has assessed the risks lo which ihe Trust 1$ exposed and is satisfied that systems in place are adequate to miligale those risks that would threaten the long-temi survival ol The Adelphi Genetics Forum. Council is content that other risks should be accepted because the cost of mitigatin9 them would be una¢¢ept8ble. Reserves Pollcy The Trust's policy is to maintain sufficient reserves to ensure that rt is able lo meet its running costs from the retum on its investments without lying on either subscriptions or external fund-raising. Objectlvos and Actlvltles The objects of the Trust are.. To preserve and protect the phystcal and mental health of people. partI1811Y but not only those from poorer communities. in particular by.. a} Assisting in the provision of fertilty control and other measures to improve reproductive and sexual health,. and b) AdvancitYJ education in all aspects of reproductive and sexual he81th.
Adelphi Arternis Trust Report of the Trustees for the year ended 31 Drnber 2024 This is fulfilled by making grants to applicants who are considered qualified to organise and execute high quality projects which demonstrate prTr3ress towards one of both of the Tnjst's objectives. Publlc beneflt When planning the aelivities Ihe Twstees have had regard lo the Charity Commissioners 9uidance on the public benefit of the Trust's activities in particular the advancement of public education and the relief of povety as outline above. R•vlew of the Trusl'$ activltie¥ and future developments The nel income for the year before gains on Inveslments was £9,112 and the General Fund al 31 December 2024 amounted to £780,551 compared lo £755,289 al 31 December 2023. Unrealised gains of £16,150 arose as a result of the increase in the market value of ihe investments that are managed by the CCLA Fund Managets. During 2024 the Trust sought applications for ils 2024 grant by advertising on the website and in the Ad&lphi Review. Folkjwing receipt of applications and consideration by the Truslees they agreed to help fund a further three year project. renewable annually. with CHASE Africa to improve access to family planning services in marginalised. semi-arid. rural Communities in Kenya. The grant period MMented on 1$1 September, 2024. Connected Chailty The linked and controlling charity is the Adelphi Ganetics Fowm wrth whom th6 Trust shares its charity registration number 209258. registered offi¢e and Board of Truslees. Indep•nd•nt oxamlner A resolution lo reapwint. JCS Accountants Limited as independent examinei will be made at the Annual General Meeting. statem•nt of Trustees, responslbillties The law appli¢able lo charities in England and Wales requires the Trustees lo prepare financial statements for each year which give a true and fair view of the charity's financial activities during the year and ils financial position al the year end. In prepanng financial sl8lemenls giving a Irve and fair view, the Trustees should follow best practice and select suitable a¢counting policies and apply Ihem consistenY', make judgements and estimates that are reasonable and prudent,. slate whether applicable accounting standards and statements ol recommended practice have been followed. subj'ect to any departures disclosed and explained in the financial slalemenls., and prepare the financial statements on a going concern basis unless it is inappropriate to presume Ihal the charity will ntinue in Operatn. The Tnjstees are responsible for keeping propor accounting records which disclose with reasonabl6 accuracy at any lime the financial position ol the charity and which enable them to ensure that the financial statements comply with Ihe Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Andrew P Read Honorary Treasurer Oated.. 19 March 202S
Adelphi Artemis Trust Report of the Independent Examiner for the year ended 31 December 2024 Independent examlner's report to the trustees of Adelphi Artemls Trust I report to the charity trustees on my examination of the accounts of the Adelphi Artemis Trust (the Trust) for the year ended 310ecemb8r 2024 set out on pages 5 to 10. Responsibllltles and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of th8 Charrlies Acl 2011 {Ihe Act')- I report in respect of my examination of the Trust's accounts as carried out under section 145 of the 2011 Act and in ¢arying out my examination I have fcAlowed all the applicable Dire¢tions given by the Charity Commission under section 14515)Ibl of the Act. Indepondent examlner's statement I have completed my examination. I confimi that no material matters have ¢e to my attention in connection with the examinatii)n giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or the accounts do not accord wilh those records.. ¢y the accounts do not wmply with the applicable requirements conceming the form and content of aeeounls sel out in the Charities (Accounts and Report) Regulations 2008 other than any requirement that the accounts give a 'twe and fair view. which is not a matter considered as part of an independent examinalion. I have no concerns and have come across no olh8f matters in conneclion with the examinatn lo which attention should be drawn in this rewt in Order lo enable a proper understanding of the accounts lo be reached. Miriam Hickson CTA FCA JCS Accounlanls Limrted 5 Robin Hood Lane Sutton Surrey SM12SW Dal¢. s Pf "l l1)LS
Adelphi Artemis Trust Statement of financial ath"vities lor the year ended 31 December 2024 2024 2023 Notss Income Donations Investments- Investment income Inveslmenls- Bank interesl Total Income 20,578 19,627 Expendlture on Charitable activibes.. Grants Administration costs Total charitable aclivrties 7.500 7.500 15.445 13.860 Governance costs Total expondlture 17 Net Income 9,112 6.536 Gains on inveslmenls Net movement In funda 25,262 66,702 General Fund balances brought for¥vard 755 289 Genoral Fund balances carrled lorward The General Fund is unrestricted. All amounts relate lo continuing activities. The notes on pages 7 10 10 part of these finanoal ststements.
Adelphi Artemls Trust 8alance sheet As at 31 December 2024 2024 2023 Not• Fixed assets Investments 731.076 714,926 Curr•nt a$sets Investments- Deposit account Cash at bank 62.427 47,470 66,721 48.623 CrgdltOTS: amounts falling duo within one year N•t current assots Totsl 098•ts lèss currènt Ilabllltlas Funds General Fund The Génfrral Fund is unrestn'¢lod. The notes on pages 7 to 10 fonn part of thes8 financial statements. These financial slalemenls were approved on 19 March 2025. PLJ. Andrew P Read Honorary Tfeasurer 19 March, 2025
Adelphi Artemis Trust Notes to the financial stslemenls for the year ended 31 December 2024 1 Accountlng poli¢les The name of the charity is Adelphi Artemis Tnjst. 11 is registered with the Charity Commission as a linked charity ol Adelphi Genetics Forurn leharity number 2092581. The charity's registered office is 19 Northfields Prospect. London, SW18 1PE. The principal accounting pdicies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial ststemenls are as follow$'. 88811 of preparation The financi81 s18tements have been Fyepared in accordance with the Charities SORP IFRS1021- Accounting and Reporting by Charities.. Statement of Reeommended Pr8Ctiee and applicable Uniled Kingdom law and accounting stsndards. The Tru$1 meet$ the definrtion of a public benefit entity und&r FRS 102. The financial statements have been pTrpared under the historical cost convention, with the exception of investments which are included at market value. and in accordance with applicable accounting stsndards Golng ¢¢nc•m The Trustees consider thal there aro no material unrtainlieS atout th6 tharily S ability to continu8 as a going concern. In¢om• All income is recognised once the charity has entillemenl lo the income. il is probable that the income will be received and the amount of incom& rec8Nable can be measurod with sufficieDI 8c¢uracy. Expendlture Liabilities are recognised as resources expended as soon as there Is an obligation commrtling Ihe Charity lo the expenditure. All expenditure is accounted for on an accruals basis. Grants payable are payments made lo third parties in the furtherance of the charitable objectives of the Trust and are 8ulhorised by the Trustees. Govèrnan¢o costs Governance cos15 are those costs associated with meeting the constitutional and statutory requirements of the charity 8nd indude fees of the Independent Examiner and c051s linked to the slrat8gic managemenl of the tharity. These have been allald diroctly to charitable expendilure. Fund accountlng All income and expenditure is taken lo the General Fund. The Trusl has no designated or restricted purpose funds. Restricted fljnds are those subject lo specific trusts. which may be declared by the donor or with their authority. The charty has no restricted funds at Ihis lime.
Adelphi Artemis Trust Notes lo the financial slalemenls for the year ended 31 December 2024 1 Accounting policles {continued) Investments Investments are included at market value. Realised gains and losses. representing the difference between sale predS ar¢d market value at the previous financial year4nd. or purchase cost if acquired during the financial year, are shown in the Statement of Financial Activities. In the case of a pemianent impairment in the value of inv8strnents. provision is made in the genefal income and expenditure account to reduce the carrying value of investrnents to their recoverable amount. Cash at bank and in hand Cash al bank and in hand includes cash arKI shcrt-tem) hhlY liquid investmenls w¢lh a short malurity of three months or less from the date of acquisitson or opening of the deFM)Sit or similar account. Cr•dltorn and provlsions Creditors and Pfovisions are recognised whore the charity has a present obligatk)n arising from a past event that will probably resuh in the transfer of funds to 8 third paty and the amount du8 10 sett18 the obligation can be measured or estimated reliably. Creditors are recognised al their settlement amount. Provl$ion$ have been calculal8d al the b&st estimate of the settlement amount. Flnanclal Instrum•nts The Trust only has financial assets and finanaal liabilitie5 of 8 kind Ihal qualify as baslc financial inslrumenls. 6asi¢ financial inslnjmenls are initially recognised al the transaction value and subsequently measured al Iheir settlement value with the exceptson ol bank loans whid) are subsequently measured al amortised cost using the effective interest method. RealSsed galns and IoBso5 All gains and losses are taken lo the Slatemenl of Financi81 Activities as they arise. Realised gains and losses on inveslmenls are ealculaled as the difference beiween sales proceeds and their Opening carrying value or Ihgir purchase value if acquired subsequ8nl to the first day of the financial year. Unrealised gains and losses are calculated as the difference beeen the fair value al the year end and their carrying value. Realised and unT•alised investment gains and losses are combined in the Siatemenl of Financial Aclivilies. Employeej and Trustees The trust has no paid emoYees. None of Ihe Trustees received any remuneration for their s8NIc88 bul may be reimbursed for out of pocket expenses incurred in the performance of Trust duli8S.
Adelphi Artemis Trust Notes lo the financial slatemenls for Ihe year ended 31 December 2024 3 Admlnlstratlon costs Ro¢harg8d from Relatgd party: 2024 2023 Salary Costs Water Rates and Service Charge Insurance Repairs and maintenance Printing, postage and slalFonary Advertising and marketing Telephone and dala costs Website cost$ Council meetings Subscriptions and memberships Bank Charges Heat and lighl Entertaining Sundry Expenses Depreciation 4.732 27 347 240 347 247 224 160 499 550 122 362 241 93 333 172 209 52 27 440 141 171 4 Gov&rnanc• cosls 2024 2023 Independent examinatlon Accountancy se(vice9 1,200 600 900 In common wlh many chafities of our size and nature, we use our accounlanls to prepara the slalutory accounts, maintain Ouf payroll system and bookkeeping. No adminislralion costs have been charged lo govemance costs as these are carried out by unpaid Trustees. 5 Flxed assots: Investments Unllsted Investments: 2024 2023 Market value at 1 January 2024 Nel unrealised investment gains Market value al 31 December 2024 714,926 654.760 Historical cost at 31 December 2024
Adelphl Artemis Trust Notes lo the financial statements for the year ended 31 December 2024 6 Creditors 2024 2023 The Adelphi Genetics F¢yum Grant commitments Accruals 7.946 7.500 6.359 900 7 Related party The Adelphi Genetics Fowm {Limited by Guarantee) is the legal entity wlh the ultimate responsibility for and conlrot over Ihe Adelphi Artemis Trust. The Trust shares the Charity registration number of the Addphi Genetics Forum12092581. 10-