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2021-12-31-accounts

Trustees Report and General Information Report and General Information 2-4
Auditors Report 5-7
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows 10
Notes to the Financial Statements ll - 16

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BALANCE SHEET
2021 2020
Total Total
f,
FIXED ASSETS
Investments 14,123,523
CURRBNT ASSETS
Cash at bank
TOTALC~ASSETS		 142,724
142,724
LIABILITIES
Creditors falling due within one year 1,577,362
NET CURRENT LIABILITIES (1,434,638)
NET ASSETS 12,688,885
THE FUNDS OP THE~TY
Unrestricted
funds		 11,847,323
Restricted
funds		 841,562
Total funds 10 12,688,885

2021 2020
Note Total Total
Net cash provided
by/(used		 in) operating activitim 11 (1,577,362) (390,075)
Cash flows from investing activities:
Transfer offunds (12,688,885)
Interest and dividends 433,216
Cash invested (310,000)
Management
fees paid trom		 capital account 16,566
Transfer ofinvestments 14,123,523
Net cash provided
by/(used		 in) investing activities 1,434,638 139,782
Change in cash and cash equivalents
in the reporting
period		 (142,724) (250,293)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 142,724 393,017
Cash and cash equivalents at the
end ofthe reporting
period		 142,724

Unrestricted Restricted Total
BEQUESTS AND GRANTS
Year ended 31stDecember 2021		 Funds Funds
I		 Funds
Legacy 1,736,948 1,736,948
Unrestricted Restricted Total
Year ended 31stDecember 2020 Funds Funds Funds I
Ion Moulton Foundation Grant 124,400 124,400
Rosetrees 32,560 32,560
32,560 ]24,400 ]56,960
INVESTMENT INCOME 2021 2020
Listed UK investments 432,980
Interest on cash deposits 236
433,216

NOTES TO THE FINANCIAL STATEMENTS TO THE FINANCIAL STATEMENTS
4) CHARITABLE ACTIVITIES Charitable Support
and
Governance
Activities Costs Total
Year ended 31st December 2021 I
Transfer to BMA Foundation 1,736,948 1,736,948
Supportand
Charitable Governance
Charitable Governance
Activities Costs Total
Year ended 31st December 2020
Grants (see note 6)
Bank charges
Accountancy
Audit fee		 541,824 88
4,781
2,868		 541,824
88
4,781
2,868
Recharged
salaries
Miscellaneous		 96,786
35		 96,786
35
541,824 104,558 646,382
5) AUDITORS' REMUNERATION
The auditors'
remuneration
constituted		 an audit fee offNil (2020:62,868) and management accounts fees
and tax work of8500 (2020; f4,781).
ANALYSIS OF GRANTS
This is made up ofgrant commitments to institutions analysed as foUows: 202] 2020
TP Gunton
2020 - Dr BDavies 57,207
Helen H Lawson
2020 —Dr T Waterftetd 49,200
Josephine
LansdeU
2020 - Dr TPatterson		 64,076
Vera Down
2020 - Dr SRinaldi 64,955
Kathleen Harper
2020 - Dr A Hammond		 57,539
Doris Hillier
2020 - Dr P Riches 50,857
Scholarship
Trust
2020 - Professor A Grant		 64,800
JMoulton
2020 - Dr A Al-Hindawi 61,109
2020
—Dr RBrown		 63,290
Lift into Research
2020 - Dr K Fairhurst 20,000
2020 - Dr H Al Hassan 20,000
2020 - Mr C Hannan 20,000
Other grants
and prizes
Adjustment
for grants unclaimed		 (prior years) (51,209)
541,824

INVESTMENTS 2021 2020
Market value at 1st January 2021 13,950,559 14,023,788
Additions 1,448,016
Disposals (704,674)
Net realised (losses)/gains (64,759)
Net unrealised
(losses)/gains		 (751,812)
Transfer to BMA Foundation (13,950,559)
Market value at 31stDecember 2021 13,950,559
Historical cost at 31stDecember 2021 10,274,089
Cost Market Value
2021 2020 2021 2020
Listed equity investments 10,274,089 13,950,559
10,274,089 13,950,559
Cash held at brokers 172,964 172,964
10,447,053 14,123,523

CREDITORS 2021 2020
Due within Due within
one year one year
Grant comnutments outstanding 1,546,400
Accruals 30,962
1,577,362

NOTES TO THE FINANCIAL
STATEMENTS
10) ANALYSIS OF FUNDS -2021 Transfer to
BMA
Balance b/f Foundation Balance c/f
RESTRICTED FUNDS 8 f,
Funds supporting
long term grants:
The Trump Estate
Walter Jobson Horne Prize Fund		 825,009
4,381		 (825,009)
(4,381)
MedFASH 10,070 (10,070)
Short term project grants:
Jon Moulton
Foundation		 2,102 (2,102)
Total restricted
funds		 841,562 (841,562)
Unrestricted
funds		 11,847,323(11,847,323)
Total funds 12,688,885 (12 688 885)
ANALYSIS OF FUNDS -2020 Net Investment,
Income, Grants
and
Balance b/f Gains/(Losses) Bequests Expenditure Balance c/f
RESTRICTED FUNDS
Funds supporting
long term grants:
The Trump Estate
Walter Jobson Horne Prize Fund		 846,706
6,862		 (21,697)
(2,481)		 825,009
4,381
MedFASH 10,341 (271) 10,070
Short term project grants:
Jon Moulton Foundation		 3,458 (1,357) 124,400 (124,399) 2,102
Total restricted
funds		 867,367 (25,806) 124,400 (124,399) 841,562
Unrestricted
funds		 12,710,843 (357,549) 32,560 (538,531) 11,847,323
Total funds 13,578,210 (383,355) 156,960 (662,930) 12,688,885
Unrestricted Restricted
Funds Funds Total
8
REPRESENTED BY:
Investments 13276 112 847,411 14,123,523
Cash at bank 142,724 142,724
Creditors (1,571,513) (5,849) (1,577,362)
11,847,323 841,562 12,688,885

RECONCILIATION
OF INCOME T
ACTIVITIES		 O NET CASH FLOW FROM O PERATING
2021 2020
8
Net income for the reporting
period (as per page 8 - SOFA)		 (889,325)
Adjustments
for:
Dividends
and interest from investments		 (433,216)
(Gains)/losses
on investments
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors		 (1,577,362) 816,571
680
115,215
Net cash provided
by/(used
in) operating		 activities (1,577,362) (390,075)
ANALYSIS OF CASH AND CASH EQUIVALENTS 2021 2020
Cash at bank 142,724