2021-12-31-accounts

CO~S;	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)
	SZlotowitz
	EAndrews
	EKenway
	JBeswick
	RLutf
SECRETARY:	A Jarrett
REGISTERED OFFICE:	YPiss
	Machynlleth
	Powys
	SY20SER
REGISTRATION NUMBER:	1112242
CHARITY NUMBER;	266446
BANKERS;	The Co-operative Bank
	POBox200
	DelfHouse
	Southway
	Skelmersdale
	WN8 6GH
AUDITORS:	Prentis &Co LLP
	Chartered Accountants
	dt Statutory Auditors
	115cMilton Road
	Cambridge
	CB4 IXE

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			Notes	2021		2020
FIXEDASSETS
Tangible assets					3,088		2,653
CURRENT ASSETS
Debtors				14,605		18,748
Cash at bank and	in hand			77,249		70,815
Total Current Assets				91,854		89,563
LIABII,ITIES
Creditors: amounts	failing due
within		one year		13,685		10,843
Nct Current Assets					78,169		78,720
NET ASSETS					81,257		81,373
THE FUNDS OF	THE	CHARITY
Unrestricted Income funds			II		76,970		81,373
Rcstrictcd Income	funds		12		4,287
TOTAL FUNDS					81,257		81,373

						Notes	2021	2020
							f,	f.
Cash flows from operating	activities:
Net cash provided by operating		activities				13	9,038	6,984
Cash flows from investing	activities:
Purchase ofproperty, plant	and	equipment					(2,604)	(1,850)
Net cash provided by investing		activities					(2,604)	(1,850)
Change ln cash and cash equivalents iu the			reporting	period			6,434	5,134
Cash and cash equivalents	at	the beginning	ofthe reporting		period		70,815	65,681
Cash and cash equivalents	at	the end ofthe	reporting	period			77,249	70,815

DONATIONS						Unrestricted	Restricted	Total
- Current Year						2021	2021	2021
						6
Grants received during			the	year
JRS						1,033		1,033
1970Trust						5,000		5,000
Jam Today						25,000		25,000
Joseph Rowntree	Charitable				Trust	50,668		50,668
Marmot Charitable		Trust				14,050		14,050
Polden Puckbam	Charitable Foundation					14,000		14,000
Friends Pmvident	Foundation						17,461	17,461
KRFoundation						(281)		(281)
Network for Social		Change					19,098	19,098
Powys County Council						1,000		1,000
Solbergg Foundation						15,000		15,000
GSCC							9,893	9,893
						125,470	46,452	171,922
Donations received	during			the	year	40		40
						125,510	46,452	171,962
						Unrestricted	Restricted	Total
-Prior Year						2020	2020	2020
Grants received during			the	year
JRS						3,352		3,352
1970Trust						5,000		5,000
JamToday						20,000		20,000
Joseph Rowntree	Charitable				Trust	45,803		45,803
Marmot Charitable		Trust				14,050		14,050
Open Society Initiative for Europe						4,845		4,845
Polden Puckham	Charitable Foundation					14,500		14,500
Friends Provident	Foundation						57,495	57,495
KRFoundation							16,390	16,390
Network for Change						5,020		5,020
Powys County Council						10,000		10,000
						122,570	73,885	196,455
Donations received	during			the	year	7,740		7,740
						130,310	73,885	204,195
INCOME FROM CHARITABLE ACTIVITIES						Unrestricted	Restricted	Total
- Current Year						2021	2021	2021
Commissioned work						26,353		26,353
Book sales						129		129
Miscellaneous income						300		300
						26,782		26,782
						Unrestricted	Restricted	Total
-Prior Year						2020	2020	2020
Conunissioned work						25,306		25,306
Book sales						80		80
Miscellaneous income						155		155
						25,541		25,541

EXPENDITURE	ON CHARITABLE	ON CHARITABLE	ON CHARITABLE	ON CHARITABLE	Unrestricted	Restricted	Total
ACTIVITIES -	Curmnt	Year			2021	2021	2021
Profit on disposal					(430)		(430)
Research salaries	(note 6)				77,466	42,165	119,631
Research costs					48,987		48,987
Computersupport					3,013		3,013
Travelling expenses					2,745		2,745
Telephone					463		463
Office rent and utilities					11,050		11,050
Stationery, office	supplies	and	printing		913		913
Subsistence and hospitality					1,037		1,037
Postage					177		177
Books, subscriptions etc.					505		505
Bank charges					87		87
Miscellaneous expenses					2,905		2,905
Depreciation					2,169		2,169
Tlannng					675		675
					151,762	42,165	193,927
GOVERNANCE	COSTS
Auditors remuneration					4,939		4,939
					156,701	42,165	198,866
EXPENDITURE	ON CHARITABLE				Unrestricted	Restricted	Total
ACTIVITIES -	Prior Year				2020	2020	2020
						f,
Profit on disposal					(100)		(100)
Research salaries	(note 6)				65,839	69,495	135,334
Research costs					11,871	20,912	32,783
Computer support					3,312		3,312
Travelling expenses					1,816	2,278	4,094
Telephone					438		438
Oflice rent and utilities					12,143		12,143
Stationery, office	supplies	and	printing		1,508	2,800	4,308
Subsistence and hospitality					738		738
Postage					150		150
Books, subscriptions etc.					984		984
Bank charges					57		57
Miscellaneous expenses					1,225		1,225
Depreciation					1,934		1,934
Seminar costs					340		340
TI'sluing					485		485
					102,740	95,485	198,225
GOVERNANCE	COSTS
Auditors remuneration					4,360		4,360
					107,100	95,485	202,585
NET (EXPENDITURE)/INCOME				FOR THE YEAR		2021	2020
The net (expenditure)/income			for	the year is stated afler charging:
Depreciation oftangible fixed			assets owned by the Charity			2,169	1,934
Audit fee						4,939	4,360

					2021	2020
Salaries					112,635	126,928
Social security and	pension costs				6,996	8,406
					119,631	135,334
The average weekly	number ofstaff employed	by	the Charity during	the year was:
					2021	2020
Direct charitable workers					5	6
The key management	personnel ofthe charitable		company comprise	the Trustees.

No employee received remuneration ofmore th	an f25000.
TANGIBLE FIXEDASSETS			Fixtures
Current Year	Oflice	Computer	and
	Equipment	Equipment	Fittings	Total
COST		f.	f.
Balance at 1.1.21	8,589	9,174	3,698	21,461
Additions		2,604		2,604
Balance at 31.12.21	8,589	11,778	3,698	24,065
DEPRECIATION
Balance at 1.1.21	7,073	8,037	3,698	18,808
Charge for the year	1,089	1,080		2,169
Balance at 31.12.21	8,162	9,117	3,698	20,977
NET BOOK VALUE at 31.12.21	427	2,661		3,088
			Fixtures
-Prior Year	Oflice	Computer	and
	Equipment	Equipment	Fittings	Total
COST	f,			f
Balance at 1.1.20	8,003	7,910	3,698	19,611
Additions	586	1,264		1,850
Balance at31.12,20	8,589	9,174	3,698	21,461
DEPRECIATION
Balance at 1.1.20	5,949	7,227	3,698	16,874
Charge for the year	1,124	810	-	1,934
Balance at31.12.20	7,073	8,037	3,698	18,808
NET BOOK VALUE at 31.12.20	1,516	1,137		2,653
DEBTORS			2021	2020
			Due within	Due within
			one year	one year
Trade debtors			230	100
Prepayments			1,875	2,258
Other debtors			12,500	16,390
			14,605	18,748

ATEMENTS FOR THE YEAR ENDED 31STDECEMB FINANCIAL STAT~S	ER 2021
CREDITORS	2021	2020
	Due within	Due within
	one year	one year
	f,
Trade creditors	6,917	3,850
Taxation and social security	1,943	2,038
Accruals	4,825	4450
Other creditors		705
	13,685	10,843

limited tof1 each in the event ofthe company be	limited tof1 each in the event ofthe company be	ing wound up.
MOVEMENTS OFFUNDS			2021	2021	2021
- Current Year			Unrestricted	Restricted	Total
				f.
Balances brought	forward at 1.1.21		81,373		81,373
Income			152,298	46,452	198,750
Expenditure			156,701	42,165	198,866
Balances carried	forward at31.12.21		76,970	4,287	81,257
			2020	2020	2020
—Prior Year			Unrestricted	Restricted	Total
				f.
Balances brought	forward at 1.1.20		32,622	21,600	54,222
Income			155,851	73,885	229,736
Expenditure			107,100	95,485	202,585
Balances carried	forward at31.12.20		81,373		81,373
RESTRICTED FUNDS		Funds			Funds
-Current Year		brought			carried
		forward at	Grants		forward at
		1.1.21	Received	Expenditure	31.12.21
		f,		f.
Friends Provident	Foundation		17,461	17,461
GSCC			9,893	9,893
Network for Social Change			19,098	14,811	4,287
			46,452	42,165	4,287
		Funds			Funds
—Prior Year		brought			carried
		forward at	Grants		forward at
		1.1.20	Received	Expenditure	31.12.20
					f,
Friends Provident	Foundation		57,495	57,495
KRFoundation		21,600	16,390	37,990
		21,600	73,885	95,485

RECONCILIATIO ACTIVITIES	N OFNET	MOVEMENT IN FUNDS TONET	CASH FLOW FROM OPERATIN	G
			2021	2020
				g
Net movement in	Fends		(116)	27,151
Add back depreciation			2,169	1,934
(Increase)/decrease	in debtors		4,143	(18,320)
(Decrease)/increase	in creditors		2,842	(3,781)
Net cash pmvided	by operating	activities	9,038	6,984