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2020-12-31-accounts

CONTENTS: CONTENTS: PAGE
Directors' Report 1-3
Auditors' report 4-6
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows
Notes to the Financial Statements 10- 15
DIRECTORS: EBaker (Chair)
K Mcintosh (resigned 27th February 2020)
S Zlotowitz
EAndrews
E Kenway
J Beswick
RLuff
SECRETARY: A Jarrett
REGISTERED OFFICE: YPlas
Machynlleth
Powys
SY20 SER
REGISTRATION NUMBER: 1112242
CHARITY NUMBER: 266446
BANKERS: The Co-operative Bank
PO Box200
Delf House
Southway
Skelmersdale
WNS 6GH
AUDITORS: Prentis &Co LLP
Chartered
Accountants
&Statutory Auditors
115cMilton Road
Cambridge
CB4 IXE

Notes Unrestricted Restricted 2020 Unrestricted Restricted 2019
Funds Funds Total Funds Funds Total
INCOME
Donations 130310 73885 204195 116484 157983 274467
Charitable activities 25541 25541 21113 21113
TOTAL INCOME 155851 73885 229736 137597 157983 295580
EXPENDITURE
Charitable activities:
Research work and other charitable activity 107100 95485 202585 108429 169793 278222
TOTAL EXPENDITURE 107100 95485 202585 108429 169793 278222
NET INCOME/(EXPENDITURE) AND NET MOVEMENT
IN FUNDS FOR THE YEAR 5 48751 (21600) 27151 29168 (11810) 17358
Total funds brought forward 32622 21600 54222 3454 33410 36864
Total funds carried forward 81373 81373 32622 21600 54222

Notes 2020 2019
FIXEDASSETS
Tangible assets 2653 2737
CURRENT ASSETS
Debtors 18748 428
Cash at bank and in hand 70815 65681
Total Current Assets 89563 66109
LIABILITIES
Creditors: amounts
falling due
within one year 10843 14624
Net Current Assets 78720 51485
NET ASSETS 81373 54222
THE FUNDS OFTHE CHARITY
Unrestricted
Income funds		 ll 81373 32622
Restricted Income funds 12 21600
TOTAL FUNDS 81373 54222

Notes 2020 2019
f.
Cash flows from operating activities:
Net cash provided
by/(used		 in) operating activities 13 6984 26186
Cash flows from investing activities:
Purchase ofproperty,
plant		 and equipment (1850) (842)
Net cash provided
by investing
activities		 (1850) (842)
Change
in cash and cash equivalents		 in the reporting period 5134 25344
Cash and cash equivalents at the beginning ofthe reporting period 65681 40337
Cash and cash equivalents at the end ofthe reporting period 70815 65681

DONATIONS Unrestricted Restricted Total
-Current Year 2020 2020 2020
Grants received during the year
JRS 3352 3352
1970Trust 5000 5000
Jam Today 20000 20000
Joseph Rowntree Charitable Trust 45803 45803
Marmot Charitable Trust 14050 14050
Open Society Initiative for Europe 4845 4845
Polden Puckham Charitable Foundation 14500 14500
Friends Provident Foundation 57495 57495
KRFoundation , 16390 16390
Network
for Change		 5020 5020
Powys County Council 10000 10000
122570 73885 196455
Donations
received		 during the year 7740 7740
130310 73885 204195
Unrestricted Restricted Total
-Prior Year 2019 2019 2019
Grants received during the year
1970Trust 5000 5000
Jam Today 12000 12000
Joseph Rowntree Charitable Trust 38511 38511
Marmot Charitable Trust 7000 7000
Open Society Initiative for Europe 31813 31813
Polden Puckham Charitable Foundation 10000 10000
Erasmus 29054 29054
Friends Provident Foundation 75300 75300
KR Foundation 47129 47129
NPT Transatlantic 5000 5000
Tinsley Charitable Trust 1000 1000
C Jones 500 500
104324 157983 262307
Donations
received		 during the year 12160 12160
116484 157983 274467
INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Total
- Current Year 2020 2020 2020
E
Commissioned
work		 25306 25306
Book sales 80 80
Miscellaneous
income		 155 155
25541 25541
Unrestricted Restricted Total
- Prior Year 2019 2019 2019
Commissioned
work		 20638 20638
Book sales 313 313
Miscellaneous
income		 162 162
21113 21113

EXPENDITURE ON CHARITABLE ON CHARITABLE ON CHARITABLE ON CHARITABLE Unrestricted Restricted Total
ACTIVITIES - Current Year 2020 2020 2020
Profit on disposal (100) (100)
Research salaries (note 6) 65839 69495 135334
Research costs 11871 20912 32783
Computer
support		 3312 3312
Travelling
expenses		 1816 2278 4094
Telephone 438 438
Office rent and utilities 12143 12143
Stationery, office supplies and printing 1508 2800 4308
Subsistence
and hospitality		 738 738
Postage 150 150
Books, subscriptions
etc.		 984 984
Bank charges 57 57
Miscellaneous
expenses		 1225 1225
Depreciation 1934 1934
Seminar costs 340 340
Training 485 485
102740 95485 198225
GOVERNANCE COSTS
Auditors
remuneration		 4360 4360
107100 95485 202585
EXPENDITURE ON CHARITABLE Unrestricted Restricted Total
ACTIVITIES - Prior Year 2019 2019 2019
Bad debts 223 223
Research salaries (note 6) 73456 87859 161315
Research costs 61645 61645
Computer
support		 2240 596 2836
Travelling
expenses		 7504 2179 9683
Telephone 1002 266 1268
Office rent and utilities 7862 2090 9952
Stationery, office supplies and printing 2166 214 2380
Subsistence
and hospitality		 2046 2046
Postage 176 53 229
Books, subscriptions
etc.		 1102 34 1136
Bank charges 79 79
Miscellaneous
expenses		 1680 1680
Depreciation 2212 2212
Seminar costs 14857 14857
Training 1799 1799
103547 169793 273340
GOVERNANCE COSTS
Auditors
remuneration		 4882 4882
108429 169793 278222
NET (EXPENDITURE)/INCOME FORTHE YEAR 2020 2019
The net (expenditure)/income for the year is stated after charging:
Depreciation oftangible fixed assets owned by the Charity 1934 2212
Audit fee 4360 4882

There were no o ther amounts
paid to directors		 fo r reimburs ement
ofexpenses within
th		 e year.
2020 2019
f.
Salaries 126928 149627
Social security and pension costs 8406 11688
135334 161315
The average weekly number ofstaff employed by the Charity during the year was:
2020 2019
Direct charitable workers 6 8
The key management personnel ofthe charitable company comprise the Trustees.
TANGIBLE FIXED ASSETS Fixtures
Current Year Once Computer and
Equipment Equipment Fittings Total
COST f.
Balance at 1.1.20 8003 7910 3698 19611
Additions 586 1264 1850
Balance at 31.12.20 8589 9174 3698 21461
DEPRECIATION
Balance at 1.1.20 5949 7227 3698 16874
Charge for the year 1124 810 1934
Balance at 31.12.20 7073 8037 3698 18808
NET BOOK VALUE at 31.12.20 1516 1137 2653
Fixtures
- Prior Year Office Computer and
Equipment Equipment Fittings Total
COST
Balance at 1.1.19 7466 7605 3698 18769
Additions 537 305 842
Balance at 31.12.19 8003 7910 3698 19611
DEPRECIATION
Balance at 1.1,19 4817 6147 3698 14662
Charge for the year 1132 1080 2212
Balance at31.12.19 5949 7227 3698 16874
NET BOOK VALUE at 31.12.19 2054 683 2737
DEBTORS 2020 2019
Due within Due within
one year one year
Trade debtors 100 428
Prepayments 2258
Other debtors 16390
18748 428

CREDITORS 2020 2019
Due within Due within
one year one year
f
Trade creditors 3850 9261
Taxation and social security 2038 2658
Accruals 4250 2000
Other creditors 705 705
10843 14624

MOVEMENTS OF FUNDS MOVEMENTS OF FUNDS MOVEMENTS OF FUNDS 2020 2020 2020
- Current Year Unrestricted Restricted Total
Balances brought forward at 1.1.20 32622 21600 54222
Income 155851 73885 229736
Expenditure 107100 95485 202585
Balances carried forward at 31,12.20 81373 81373
2019 2019 2019
- Prior Year Unrestricted Restricted Total
Balances brought forward at 1.1.19 3454 33410 36864
Income 137597 157983 295580
Expenditure 108429 169793 278222
Balances carried forward at 31.12.19 32622 21600 54222
RESTRICTED FUNDS Funds Funds
-Current Year brought carried
forward at Grants forward
at
1.1.20 Received Expenditure 31.12.20
Friends Provident Foundation 57495 57495
KR Foundation 21600 16390 37990
21600 73885 95485
Funds Funds
-Prior Year brought carried
forward at Grants forward
at
1.1.19 Received Expenditure 31.12.19
Friends Provident Foundation 75300 75300
KR Foundation 33410 47129 58939 21600
Erasmus 29054 29054
NPT Transatlantic 5000 5000
Tinsley Charitable Trust 1000 1000
CJones 500 500
33410 157983 169793 21600

RECONCILIATIO
ACTIVITIES		 N
OF NE		 T MOVEM ENT IN FUNDS TO NET CA SH FLOW FROM OPERATIN G
2020 2019
Net movement
in		 funds 27151 17358
Add back depreciation 1934 2212
(Increase)/decrease in debtors (18320) 5502
(Decrease)/increase in creditors (3781) 1114
Net cash provided by/(used) in operating activities 6984 26186