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|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|||||
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||||||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|
##
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||||||||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|
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|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|
##
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|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|
##
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|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|