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2025-12-31-accounts
| Reference and Administrative Details |
1 |
| Trustees' Report |
2to8 |
| Statement of Trustees' Responsibilitics |
9 |
| Independent Examiner's Report |
10 |
| Statement ofFinancial Activities |
11 |
| Balance Sheet |
12 |
| Notes to the Financial Statements |
1310 24 |
| Charity Registration Number |
266071 |
| Principal Office |
Jactin House |
|
24 Hood Street |
|
Ancoats |
|
Manchester |
|
M4 6WX |
| Trustees |
Professor Stuart Ralston, Chair |
|
Professor Robert Layfield, Vice Chair |
|
Professor Graham Russell, Honorary President |
|
Dr Sheelagh Farrow |
|
Ms Amanda Sherwood |
|
Ms Kely Burman |
|
ProfessorJeremy Mark Wilkinson |
|
Ms Eve Berry |
|
Dr Faizanur Rahman |
|
Mr Mohamed El Erian |
|
Mr Alan Martin |
|
Dr Stephen Tuck, appointed 25 September 2025 |
| Independent Examiner |
Helen Binns FCA
Menzies LLP |
|
One Express |
|
1 George Leigh Street |
|
Manchester |
|
M4 SDL |
| Bankers |
Barclays Bank plc |
|
1 Market Street |
|
Bolton |
|
BL1 3NJ |
| Investment Managers |
Evelyn Partners |
|
Royal Liver Building |
|
Pier Head |
|
Liverpool
L3 INY |
|
|
2025 |
2024 |
|
Note |
£ |
£ |
| Fixed assets |
|
|
|
| Intangible assets |
12 |
16,814 |
29,170 |
| Tangible assets |
13 |
1,023 |
1,203 |
| Investments |
14 |
510,420 |
602,517 |
|
|
528,257 |
632,890 |
| Current assets |
|
|
|
| Debtors |
15 |
404 |
23,628 |
| Cash at bank and in hand |
16 |
51,644 |
56,216 |
|
|
52,048 |
79,844 |
| Creditors: Amounts falling duewithin oneyear |
17 |
(38,662 |
(129,445 |
| Net current assets/(liabilities) |
|
13,386 |
(49,601 |
| Net assets |
|
541,643 |
583,289 |
| Funds ofthecharity: |
|
|
|
| Unrestricted income funds |
|
|
|
| Unrestricted funds |
|
541,643 |
583,289 |
| Total funds |
18 |
541,643 |
583,289 |
|
|
Unrestricted |
Unrestricted |
|
|
funds |
funds |
|
|
2025 |
2024 |
|
Note |
£ |
£ |
| Income and Endowments from: |
|
|
|
| Donations and legacies |
2 |
67,937 |
40,517 |
| Other trading activities |
3 |
22,497 |
20,392 |
| Investment income |
4 |
10,755 |
6,393 |
| Total income |
|
101,189 |
67,302 |
| Expenditure on: |
|
|
|
| Raising funds |
5 |
43,262 |
39,753 |
| Charitable activities |
6 |
124,237 |
130,284 |
| Total expenditure |
|
167,499 |
170,037 |
| Losses/(gains) on investment assets |
|
(24,664) |
(25,585) |
| Net expenditure |
|
(41,646) |
(77,150) |
| Net movement in funds |
|
(41,646) |
(77,150) |
| Reconciliation offunds |
|
|
|
| Total funds brought forward |
|
583,289 |
660,439 |
| Total funds carried forward |
18 |
541,643 |
583,289 |
| 2 |
Income from donations and legacies |
|
|
|
|
Unrestricted |
Unrestricted |
|
|
funds |
funds |
|
|
2025 |
2024 |
|
|
£ |
£ |
| Donations and legacics; |
|
|
|
|
Donations from individuals |
8,211 |
8,438 |
|
Legacies |
58,797 |
33,083 |
|
Gift aid reclaimed |
929 |
1,933 |
| Grants, including capital grants; |
|
|
|
|
Grants from other charities |
|
(2,937) |
|
|
67,937 |
40,517 |
| 3 |
Income from other trading activities |
|
|
|
|
Unrestricted |
Unrestricted |
|
|
funds |
funds |
|
|
2025 |
2024 |
|
|
£ |
£ |
| Trading income; |
|
|
|
|
200 Club |
4,505 |
4,525 |
| Membership subscriptions |
|
3,125 |
4.435 |
| Sundry Merchandise |
|
32 |
27 |
| Sundry Fundraising |
|
14,835 |
11,405 |
|
|
22,497 |
20,392 |
| 4 |
Investment income |
|
|
|
|
Unrestricted |
Unrestricted |
|
|
funds |
funds |
|
|
2025 |
2024 |
|
|
£ |
£ |
| Interest receivable and similar income; |
|
|
|
|
Interest receivable on bank deposits |
534 |
1,264 |
| Other income from fixed asset investments |
|
10,221 |
5,129 |
|
|
10,755 |
6,393 |
5
Expenditure on raising funds |
|
|
|
|
|
|
|
|
Unrestricted |
|
|
|
Allocated |
funds |
|
Direct |
costs |
support costs |
2025 |
|
£ |
|
£ |
£ |
| Costs oftrading activitics |
|
7,860 |
33,421 |
41,281 |
| Investment management costs |
|
1,981 |
|
1,981 |
|
|
9,841 |
33,421 |
43,262 |
|
|
|
|
Unrestricted |
|
|
|
Allocated |
funds |
|
Direct |
costs |
support costs |
2024 |
|
£ |
|
£ |
£ |
| Costsoftrading activities |
|
5,021 |
31,319 |
36,340 |
| Investment management costs |
|
3,413 |
|
3413 |
|
|
8,434 |
31,319 |
39,753 |
|
Activity |
|
|
|
|
|
undertaken
directly |
Grant funding
ofactivity |
|
Activity
support costs |
2025 |
|
£ |
£ |
|
£ |
£ |
| Support and raising awareness |
37,746 |
|
|
81,720 |
119,466 |
| Research |
|
(5,825 |
|
10,596 |
4,771 |
|
37,746 |
(5,825 |
|
92,316 |
124,237 |
|
Activity |
|
|
|
|
|
undertaken |
Grant funding |
|
Activity |
|
|
directly |
ofactivity |
|
support costs |
2024 |
|
£ |
£ |
|
£ |
£ |
| Support and raising awareness |
51,186 |
|
|
86,783 |
137,969 |
| Research |
|
(21,495 |
|
13,810 |
(7,685 |
|
51,186 |
(21,495 |
3 |
100,593 |
130,284 |
| Support costs allocated to cha |
ritable activities |
|
|
|
|
|
|
|
Unrestricted |
|
|
Governance |
|
funds |
|
|
costs |
Support costs |
2025 |
|
Basis ofallocation |
£ |
£ |
£ |
| Staffcosts |
Stafftime |
13,246 |
82,460 |
95,706 |
| Office costs |
Stafftime |
|
5,573 |
5,573 |
| Stafftraining |
Stafftime |
|
95 |
95 |
| IT costs |
Stafftime |
|
2,718 |
2,718 |
| Depreciation |
Stafftime |
|
12,536 |
12,536 |
| Bank charges |
Stafftime |
|
103 |
103 |
| Insurance |
Stafftime |
|
1,625 |
1,625 |
| Cost ofTrustce meetings |
Stafftime |
3,265 |
|
3,265 |
| Accountancy fees |
Stafftime |
3,756 |
|
3,756 |
|
|
20,267 |
105,110 |
125,377 |
|
|
|
|
Unrestricted |
|
|
Governance |
|
funds |
|
|
costs |
Support costs |
2024 |
|
Basis ofallocation |
£ |
£ |
£ |
| Staffcosts |
Stafftime |
13,047 |
81,126 |
94,173 |
| Office costs |
Stafftime |
|
7,560 |
7,560 |
| Staff training |
Stafftime |
|
95 |
95 |
| IT costs |
Stafftime |
|
2,449 |
2,449 |
| Depreciation |
Stafftime |
|
12,568 |
12,568 |
| Bank charges |
Stafftime |
|
64 |
64 |
| Insurance |
Stafftime |
|
2,352 |
2,352 |
| Cost ofTrustee meetings |
Stafftime |
5,969 |
|
5,969 |
| Accountancy feces |
Stafftime |
3,307 |
|
3,307 |
| Book-keeping costs |
Stafftime |
|
3,375 |
3,375 |
|
|
22,323 |
109,589 |
131,912 |
| The aggregate payroll costs were as follows: |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Staffcosts during the year were: |
|
|
| Wages and salarics |
86,533 |
83,551 |
| Social security costs |
2,280 |
3,968 |
| Pension costs |
6,893 |
6,654 |
|
95,706 |
94,173 |
The monthly average number of persons (including senior management
/
charity during the year expressed as full time equivalents was as follows:
l |
eadership t |
eam)
|
mployed by |
th |
|
2025 |
|
2024 |
|
|
No |
|
No |
|
| Charitable activities |
|
2 |
|
2 |
| No employee received emoluments ofmore than £60,000 during the year. |
|
|
|
|
| 10 Independent examiner's remuneration |
|
|
|
2025 |
2024 |
|
|
£ |
| Examination ofthe financial statements |
1,350 |
1,300 |
| Other fees to examiners |
|
|
| All other services |
2,407 |
2,007 |
| 12 |
Intangible fixed assets |
|
|
|
|
Website/CRM |
|
|
|
Database |
Total |
|
|
£ |
£ |
| Cost |
|
|
|
| At |
1 January 2025 |
61,781 |
61,781 |
| At |
31 December 2025 |
61,781 |
61,781 |
| Amortisation |
|
|
|
| At |
1 January 2025 |
32,611 |
32,611 |
| Charge for the year |
|
12,356 |
12,356 |
| At |
31 December 2025 |
44,967 |
44,967 |
| Net book value |
|
|
|
| At |
31 December 2025 |
16,814 |
16,814 |
| At |
31 December 2024 |
29,170 |
29,170 |
| 13 |
Tangible fixed assets |
|
|
|
|
Furniture and |
|
|
|
equipment |
Total |
|
|
£ |
£ |
| Cost |
|
|
|
| At |
1 January 2025 |
3,776 |
3,776 |
| At |
31 December 2025 |
3,776 |
3,776 |
| Depreciation |
|
|
|
| At |
1 January 2025 |
2,573 |
2,573 |
| Charge for the year |
|
180 |
180 |
| At |
31 December 2025 |
2,753 |
2,753 |
| Net book value |
|
|
|
| At |
31 December 2025 |
1,023 |
1,023 |
| At |
31 December 2024 |
1,203 |
1,203 |
|
Listed |
Cash |
held with |
|
|
investments |
investors |
|
Total |
|
£ |
|
£ |
£ |
| Cost or Valuation |
|
|
|
|
At
1 January 2025 |
594,953 |
|
7,564 |
602,517 |
| Revaluation |
24,664 |
|
|
24,664 |
| Additions |
12,771 |
|
|
12,771 |
| Disposals |
(125,000) |
|
(4,532) |
(129,532) |
| At 31 December 2025 |
507,388 |
|
3,032 |
510,420 |
| Net book value |
|
|
|
|
| At 31 December 2025 |
507,388 |
|
3,032 |
510,420 |
| At 31 December 2024 |
594,953 |
|
7,564 |
602,517 |
| 15 Debtors |
|
|
|
|
|
|
2025 |
|
2024 |
|
|
£ |
|
£ |
| Prepayments |
|
|
404 |
628 |
| Accrued income |
|
|
|
23,000 |
|
|
|
404 |
23,628 |
| 16 Cash and cash equivalents |
|
|
|
|
|
|
2025 |
|
2024 |
|
|
£ |
|
£ |
| Cash at bank |
|
|
51,644 |
56,216 |
| 17 Creditors: amounts falling due within one year |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Trade creditors |
|
128 |
| Other taxation and social security |
|
2,206 |
| Grants payable |
36,022 |
124,374 |
| Accruals |
2,640 |
2,737 |
|
38,662 |
129,445 |
| 18 Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at |
|
|
Balance at |
1 |
|
|
Other |
31 |
|
|
January |
|
Incoming |
Resources |
recognised |
December |
|
|
2025 |
|
resources |
expended |
gains/(losses) |
2025 |
|
|
£ |
|
£ |
£ |
£ |
£ |
| Unrestricted |
funds |
|
|
|
|
|
|
| General |
|
583,289 |
|
101,189 |
(167,499) |
24,664 |
541,643 |
|
|
|
|
|
|
|
Balance at |
|
|
Balance at |
1 |
|
|
Other |
31 |
|
|
January |
|
Incoming |
Resources |
recognised |
December |
|
|
2024 |
|
resources |
expended |
gains/(losses |
2024 |
|
|
£ |
|
£ |
£ |
£ |
£ |
| Unrestricted |
funds |
|
|
|
|
|
|
| General |
|
660,439 |
|
67,302 |
(170,037) |
25,585 |
583,289 |
| 19 Analysis of net assets between funds |
|
|
|
Unrestricted |
Total funds at |
|
funds |
31 December |
|
General |
2025 |
|
£ |
£ |
| Intangible fixed assets |
16,814 |
16,814 |
| Tangible fixed asscts |
1,023 |
1,023 |
| Fixed asset investments |
510,420 |
510,420 |
| Current assets |
52,048 |
52,048 |
| Current liabilities |
(38,662) |
(38,662) |
| Total net asscts |
541,643 |
541,643 |
|
Unrestricted |
Total funds at |
|
funds |
31 December |
|
General |
2024 |
|
£ |
£ |
| Intangible fixed assets |
29,170 |
29,170 |
| Tangible fixed assets |
1,203 |
1,203 |
| Fixed asset investments |
602,517 |
602,517 |
| Current assets |
79,844 |
79,844 |
| Current liabilities |
(129,445 |
(129,445) |
| Total net assets |
583,289 |
583,289 |
| 21 Prior year Statement ofFinancial Activities |
|
|
Unrestricted |
|
funds |
|
2024 |
|
£ |
| Income and Endowments from: |
|
| Donations and legacies |
40,517 |
| Other trading activitics |
20,392 |
| Investment income |
6,393 |
| Total income |
67,302 |
| Expenditure on: |
|
| Raising funds |
39,753 |
| Charitable activities |
130,284 |
| Total expenditure |
170,037 |
| l.osses/(gains) on investment assets |
(25,585) |
| Net expenditure |
(77,150) |
| Net movement in funds |
(77,150 |
| Reconciliation offunds |
|
| Total funds brought forward |
660,439 |
| Total funds carried forward |
583,289 |