## ## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||OC||||||Oc|||Vl||IO|IO|In|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||IO
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Cl| |||||t-i A|Rtt|||c|OR u 8||||z,|k||0||t|| ## |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|