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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|fund|2021|2019|
||Notes|£000|£000|£000|(15mths)|(12mths)|
||||||£000|£000|
|INCOME FROM:|||||||
|Donations|2|1,750|400||2,150|1,831|
|Charitable activities:|||||||
|Publications and|||||||
|subscriptions||43|||43|93|
|Special events||3|||3|75|
|Other trading activities||30|||30|28|
|CJRS Income||93|||93||
|Investments:|||||||
|Dividends receivable||||23|23|34|
|Interest receivable||||I||4|
|TOTAL||1,919|400|24|2,343|2,065|
|EXPENDITURE ON:|||||||
|Raising Funds:|||||||
|Fundraising and subscriber|||||||
|support||367|||367|340|
|Charitable activities:|||||||
|Academic programme:|||||||
|Research and Publications||814|113||927|948|
|Student/Teacher outreach||219|161||380|514|
|Special Events||83|||83|93|
|Communications||566|5||571|563|
|TOTAL|3|2,049|279||2,328|2,458|
|Net Gains on Investments:|||||||
|Realised gains on disposals||||13|13|36|
|Unrealised gains||||22|22|197|
|NET(EXPENDITURE)/|||||||
|INCOME|4|(130)|121|59|50|(160)|
|Transfers between funds||241||(241)|||
|NET MOVEMENT IN|||||||
|FUNDS||III|121|(182)|50|(160)|
|RECONCILIA TION OF|||||||
|FUNDS:|||||||
|TOTAL FUNDS BROUGHT|11,12,||||||
|FORWARD|13,14|762|120|2,094|2,976|3,136|
|TOT AL FUNDS CARRIED|11,12,||||||
|FORWARD|13,14|873|241|1,912|3,026|2,976|
|||||||=|





||_Notes_|31March|31December|
|---|---|---|---|
|||2021|2019|
|||£000|£000|
|FIXEDASSETS||||
|Tangibleassets|7|551|568|
|Investments|8|1,889|2,027|
|||2,440|2,595|
|CURRENT ASSETS||||
|Debtors|9|108|308|
|Cashat bank andinhand||660|383|
|||768|691|
|CREDITORS:Amountsfallingdue within oneyear|ID|(182)|(310)|
|NET CURRENTASSETS||586|381|
|NETASSETS||3,026|2,976|
|THEFUNDSOFTHECHARITY:||||
|Endowment fund|11,14|1,912|2,094|
|Restricted funds|12,14|241|120|
|Unrestricted funds|13,14|873|762|
|TOTAL FUNDS|14|3,026|2,976|





|||2021|2019|
|---|---|---|---|
|||ISmonths|12months|
|||£000|£000|
|Net cash generatedfrom/(used in) operating activities|(A)|86|(214)|
|Cash flows from investing activities:||||
|Dividends and interest||24|38|
|Proceeds from saleofinvestments||550|491|
|Purchaseofinvestments||(377)|(185)|
|Purchaseoffixed assets||(6)||
|Netcashprovided by investing activities||191|344|
|Changeincash and cash equivalentsinthe period|(B)|277|130|
|Cash and cash equivalents at1January||383|253|
|Cash and cash equivalents at31March 2021(31December||||
|2019)||660|383|
|(A)||||
|RECONCILIA TION OF NETINCOME/(EXPENDITURE)||||
|TO NET CASH USED IN OPERATIONS:||||
|Netincome/(expenditure) for the reporting period (as per the||||
|statementoffinancial activities)||50|(160)|
|Adjustments for:||||
|Depreciation charges||23|19|
|Gains on investments||(35)|(233)|
|Dividends and interest||(24)|(38)|
|Decreaseindebtors||200|217|
|Decreaseincreditors||(128)|(19)|
|Net cash generated from/(usedin)operating activities||86|(214)|
|(B)||||
|ANAL YS1S OF CHANGES IN NET DEBT||||
|Cash at bank and in hand at1January||383|253|
|Cash flow||277|130|
|Cash at bank and in hand at31March 2021 (31 December||||
|2019)||660|383|





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|||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|||funds|funds|fund|2019|
||Notes|£000|£000|£000|£000|
|INCOMEFROM:||||||
|Donations|2|1,458|373||1,831|
|CharitableActivities:||||||
|Publicationsand||||||
|Subscriptions||93|||93|
|Specialevents||75|||75|
|Othertradingactivities||28|||28|
|Investments:||||||
|Dividendsreceivable||||33|34|
|Interestreceivable||||3|4|
|TOTAL||1,654|375|36|2,065|
|EXPENDITUREON:||||||
|RaisingFunds:||||||
|Fundraising andsubscriber||||||
|support||340|||340|
|Charitable activities:||||||
|Academicprogramme:||||||
|Research andPublications||647|301||948|
|StudentITeacher outreach||379|135||514|
|SpecialEvents||93|||93|
|Communications||453|110||563|
|TOTAL|3|1,912|546||2,458|
|Net GainsonInvestments:||||||
|Realisedgainsondisposals|||20|16|36|
|Unrealised(Iosses)/gains|||(14)|211|197|
|NET(EXPENDITURE)/INCOME|4|(258)|(165)|263|(160)|
|Transfersbetween funds||200||(200)||
|NETMOVEMENT IN FUNDS||(58)|(165)|63|(160)|
|RECONCILIA TION OF FUNDS:||||||
|TOTAL FUNDS BROUGHT|11,12|||||
|FORWARD|13,14|820|285|2,031|3,136|
|TOT AL FUNDSCARRIED|11,12|||||
|FORWARD|13,14|762|120|2,094|2,976|
||||=|||





|2|DONATIONS||31March31December|31March31December|
|---|---|---|---|---|
||||2021|2019|
|||(i5months)||(12months)|
||||£000|£000|
||Foundations,corporate andindividuals||||
||Restricted||400|373|
||Unrestricted||1,750|1,458|
||||2,150|1,831|
|3|ALLOCATION OF COSTS 2021(15months)|Direct|<br>Support|<br>2021|
|||costs|<br>costs|Total|
|||£000|<br>£000|£000|
||Fundraising and subscriber support|15|<br>352|<br>367|
||Research and Publications|120|<br>807|<br>927|
||Student/Teacher Outreach|48|<br>332|<br>380|
||Special Events||83|<br>83|
||Communications|73|<br>498|<br>571|
|||256|<br>2,072|<br>2,328|
||||--||



|ALLOCATION OF SUPPORT COSTS 2021 (I5 months)|||
|---|---|---|
|Personnel costs|1,852||
|Office costs|143||
|Property costs|70||
|Travel costs|7||
||2,072||
|Support costs have been allocated asfollows:|||
||Support|Personnel|
||costs|costs|
|Fundraising and subscriber support|17%|17%|
|Publications|39%|39%|
|Student/Teacher Outreach|16%|16%|
|Special Events|4%|4%|
|Communications|24%|24%|





|||_Direct _|_Support_|_2019_|
|---|---|---|---|---|
|3|_ALLOCATION OF COSTS2019 _`(12 `_months)_|_costs _|_costs _|_Total _|
|||_£000_|_£000 _|_£000 _|
||_Fundraising and subscribersupport _|`39`|_301 _|_340 _|
||_Research andPublications _|`226 `|`722`|`948`|
||_Student/Teacher Outreach _|`163`|`351`|`514`|
||_SpecialEvents _|`21 `|`72 `|`93`|
||_Communications _|`136`|`427`|`563 `|
||||---||
|||`585`|`1,873 `|`2,458 `|
||||---||
||_ALLOCATION OFSUPPORTCOSTS2019_`(12`_months)_||||
||_Personnelcosts _||`1,587`||
||_Officecosts_||`196`||
||_Property costs _||_80 _||
||_Travel costs_||_ID_||
||||`1,873`||
||_Support costs havebeenallocated as follows: _||_Support_|_Personnel_|
||||_costs _|_costs _|
||_Fundraising andsubscriber support_||11%|17%|
||_Research andPublications _||36%|39%|
||_Student/TeacherOutreach _||34%|16%|
||_SpecialEvents _||3%|4%|
||_Communications _||16%|24%|
|4|NETEXPENDITURE|31March||31December|
||||2021|2019|
|||(15months)||(12months)|
||||£000|£000|
||Netexpenditure for the periodisstated after charging:||||
||Depreciation-charge for period||23|19|
||Auditor'sremuneration||19|15|
||Legalfees|||22|
||Operatingleaserentals-plant and machinery||16|Il|





|6|EMPLOYEES|31March|31December|
|---|---|---|---|
|||2021|2019|
|||(15 months)|(12 months)|
|||No.|No.|
||The average monthly numberofpersons employed by the|||
||Institute during the period was:|||
||Office and management|20|19|
|||31March|31December|
|||2021|2019|
|||(15 months)|(12 months)|
|||£000|£000|
||Staff costs for abovepersons:|||
||Wages and salaries, including benefits|1,294|1,031|
||Social security costs|143|104|
||Other pension costs|90|41|
|||1,527|1,176|
||The numberofemployees whoseemoluments as defined for|31March|31December|
||taxation purposes amounted to over£60,000 in the15month|2021|2019|
||period was asfollows:|(15 months)|(12 months)|
|||No.|No.|
||£60,00I-£70,000|3|2|
||£70,00I-£80,000|||
||£90,001-£100,000|3||
||£120,00l-£130,000|||
||£180,00I-£190,000|||
||£190,00I-£200,000|||





## 

|TANGIBLE FIXED ASSETS||||
|---|---|---|---|
||Freehold|Office||
||property|equipment|Total|
||£000|£000|£000|
|Cost||||
|lJanuary 2020|965|3|968|
|Additionsinperiod||6|6|
|3IMarch2021|965|9|974|
|Depreciation||||
|IJanuary 2020|397|3|400|
|Charged for period|22||23|
|3IMarch 2021|419|4|423|
|Net book value||||
|31March2021|546|5|551|
|3lDecember 2019|568||568|



## 

## 

||Open-end|Cash held||
|---|---|---|---|
||funds|on deposit|Total|
||£000|£000|£000|
|Market value at||||
|1January 2020|1,525|502|2,027|
|Additions|77|300|377|
|Disposals|(500)|(50)|(550)|
|Unrealised gains|35||35|
|Marketvalue at3IMarch 2021|1,137|752|1,889|
||--|||
|Historical cost at31March 2021|986|752|1,738|
|Historicalcost at31December 2019|1,396|502|1,898|
||=|||





|9|DEBTORS|31March|31December|
|---|---|---|---|
|||2021|2019|
|||(15 months)|(12 months)|
|||£000|£000|
||Trade debtors|58|137|
||Taxation recoverable||3|
||Other debtors||4|
||Prepayments and accrued income|50|164|
|||108|308|
|lO|CREDITORS: Amounts falling due within one year|31March|31December|
|||2021|2019|
|||(15 months)|(12 months)|
|||£000|£000|
||Trade creditors|18|113|
||Taxation and social security|33|36|
||Other creditors|23|6|
||Accruals and deferred income|108|155|
|||182|310|



|||||31March|31December|
|---|---|---|---|---|---|
|||||2021|2019|
|||||(15months)|(12months)|
|||||£000|£000|
|Deferred income atl|January 2020|||108|2|
|Released to StatementofFinancial Activities in period||||(108)|(2)|
|Deferredinperiod||||I|108|
|Deferred income at3|lMarch2021||||108|
|XPENDABLE ENDOWMENT FUND||||||
||At||Transfers||At|
||1January|lnvestment|between|Investment|<br>31March|
||2020|Income|funds|Gains|<br>2021|
||£000|£000|£000|£000|<br>£000|
|Ralph Harris Fund|2,094|24|(241)|35|<br>1,912|



## 



## 

||At1|||At31|
|---|---|---|---|---|
||January 2020|Income|Expenditure|March 2021|
||£000|£000|£000|£000|
|Events and Publications|7|61|(68)||
|Richard Koch Breakthrough Prize||55|(15)|40|
|Roof Restoration Fund||34||34|
|Cultural Affairs Unit||55||55|
|Student Outreach and Opportunity||22|(16)|6|
|European Network||55|(50)|5|
|Think Tent||2|(2)||
|Vinson Centre at theUniversityof|||||
|Buckingham||116|(95)|21|
|MFund|113||(33)|80|
||120|400|(279)|241|





## 

||AtI||||At31|
|---|---|---|---|---|---|
||January||||March|
||2020|Income|Expenditure|Transfers|2021|
||£000|£000|£000|£000|£000|
|Designated Funds||||||
|FixedAsset Fund|568|||(22)|546|
|Major Building Works Fund||||170|170|
|Designated unrestricted funds|568|||148|716|
|Unrestricted general funds|194|1,919|(2,049)|93|157|
||762|1,919|(2,049)|241|873|



## 

||Designated|General|Restricted|Endowment||Total|
|---|---|---|---|---|---|---|
||Funds|Funds|funds|fund||funds|
||£000|£000|£000|£000||£000|
|Fund balances at31March|||||||
|2021 are represented by:|||||||
|Tangible fixed assets|546|5||||551|
|Investments||||1,889||1,889|
|Current assets|170|334|241|23||768|
|Current liabilities||(182)||||(182)|
|Total net assets|716|157|241|1,912||3,026|
||||||=||



## 



## 

||The total future minimum lease payments, at the reportingdate,|31March|31December|
|---|---|---|---|
||under non-cancellable operating leases are asfollows:|2021|2019|
|||(15 months)|(12 months)|
|||£000|£000|
||Amounts due:|||
||within one year|**II**|I I|
||between one and five years|27|21|
|19|FINANCIAL INSTRUMENTS|31March|31December|
|||2021|2019|
|||(15 months)|(12 months)|
|||£000|£000|
||Financial Assets, at fair value:|||
||Investments held as fixed assets|1,889|2,027|