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