|FINANCIAL
STATEMENTS FOR THE YEAR ENDED|FINANCIAL
STATEMENTS FOR THE YEAR ENDED|FINANCIAL
STATEMENTS FOR THE YEAR ENDED|FINANCIAL
STATEMENTS FOR THE YEAR ENDED|31STDECEMBER 2022|31STDECEMBER 2022||
|---|---|---|---|---|---|---|
|CONTENTS AND COMPANY INFORMATION|||||||
|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)||||
||||S Zlotowttz||||
||||EAndrews||||
||||EKenway||||
||||JBeswick||||
||||RLuff||||
|SECRETARY:|||A Jarrett||||
|REGISTERED OFFICE:|||YPiss||||
||||Machynl1eth||||
||||Powys||||
||||SY20 8ER||||
|REGISTRATION NUMBER;|||1112242||||
|CHARITY NUMBER:|||266446||||
|BANKERS.
'|||The Co-operative||Bank||
||||PO Box200||||
||||Delf House||||
||||Southway||||
||||Skelmersdale||||
||||WN8 6GH||||
|AUDITORS:|||Prentis 8s|Co LLP|||
||||Chartered|Accountants|||
||||& Statutory Auditors||||
||||115cMilton Road||||
||||Cambridge||||
||||CB4 IXE||||
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|||||2021||
|---|---|---|---|---|---|
|FIXEDASSETS||||||
|Tangible assets|||2,344||3,088|
|CURRENT ASSETS||||||
|Debtors||29,322||14,605||
|Cash at bank and in hand||68,359||77,249||
|Total Current Assets||97,681||91,854||
|LIABILITIES||||||
|Creditors: amounts
falling due||||||
|within one year||6,690||||
|Net Current Assets|||90 rr91||78,169|
|NET ASSETS|||93,335||81,257|
|THE FUNDS OF THE CHARITY||||||
|Unrestrioted
Income funds|11||83372||76,970|
|Restl icted income funds|17.||10,063||4387|
|TOTAL FUNDS|||93,335||81,257|
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||||||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities:|||||||||
|Net cash (used by)/provided|by|operating|activities||||13|(8,116)|9,038|
|Cash flows from investing|activities:|||||||||
|Purchase ofproperty,
plant|and|equipment||||||(774)|(2,604)|
|Net cash provided
by investing||activities||||||(774)|(2,604)|
|Change
in cash and cash equivalents
in|||the|reporting|period|||(8,890)|6,434|
|Cash and cash equivalents|at|the beginning||ofthe reporting||period||77,249|70,815|
|Cash and cash equivalents|at|the end ofthe||reporting|period|||68,359|77,249|
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|DONATIONS||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
|- Current Year||||||2022|2022|2022|
|||||||||6|
|Grants received|during|||the year|||||
|Jam Today||||||17,500||17,500|
|Joseph Rowntree||Charitable|||Trust|51,667||51,667|
|Campaign
Bootcamp||||||5,000||5,000|
|Banow Cadbury|||||||13,500|13,500|
|Erasmus||||||11,056||11,056|
|Paul Hamlyn|Foundation|||||50,000||50,000|
|Network
for Social|||Change||||7,202|7,202|
|GSCC|||||||2,658|2,658|
|||||||135,223|23,360|158,583|
|Donations
received||during the|||year|60||40|
|||||||135,283|23,360|158,643|
|||||||Unrestricted|Resn Icttst|Total|
|-Prior Year||||||2021|2021|2021|
|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 Puckham||Charitable|||Foundation|14,000||14,000|
|Friends Provident||Foundation|||||17,461|17,461|
|KR Foundation||||||(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|
|INCOME FROM CHARITABLE ACTIVITIES|||||||||
|||||||Unrestricted|Restricted|Total|
|Cunent Year||||||2022|2022|2022|
|||||||f.|6|f.|
|Commissioned|work|||||35,385||35,385|
|Book sales||||||123||123|
|Miscellaneous|income|||||189||189|
|||||||35,697||35,697|
|||||||Unrestricted|Restricted|Total|
|-Prior Yem||||||2021|2021|2021|
|Commissioned|work|||||26,353||26,353|
|Book sales||||||129||129|
|Miscellaneous|income|||||300||300|
|||||||26,782||26,782|
|EXPENDITURE|ON CHARITABLE|ON CHARITABLE|ON CHARITABLE|ON CHARITABLE||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
|ACTIVITIES -|Current|Year||||2022|2022|2022|
|||||||||f.|
|Research salaries|(note 6)|||||85,444|17,584|103,028|
|Research costs||||||50,050||50,050|
|Computer
support||||||3,587||3,587|
|Travelling
expenses||||||9,397||9,397|
|Telephone||||||652||652|
|Office rent and utilities||||||5,981||5,981|
|Stationery, oftice|supplies|and|printing|||309||309|
|Subsistence
and hospitality||||||915||915|
|Postage||||||125||125|
|Books, subscriptions
etc.||||||495||495|
|Bank charges||||||94||94|
|Miscellaneous
expenses||||||1,386||1,386|
|Depreciation||||||1,518||1,518|
|Seminar costs||||||80||80|
|Training||||||500||500|
|||||||160,533|17,584|178,117|
|GOVERNANCE|COSTS||||||||
|Auditors
remuneration||||||4,163||4,163|
|||||||164,696|17,584|182,280|
|EXPENDITURE|ON CHARITABLE|||||Unrestricted|Restricted|Total|
|ACTIVITIES -|Prior Year|||||2021|2021|2021|
||||||||f,||
|Profit on disposal||||||(430)||(430)|
|Research salaries|(note 6)|||||77,466|42,165|119,631|
|Research costs||||||48,987||48,987|
|Computer
support||||||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|
|Training||||||675||675|
|||||||151,762|42,165|193,927|
|GOVERNANCE|COSTS||||||||
|Auditors
remuneration||||||4,939||4,939|
|||||||156,701|42,165|198,866|
|NET INCOME/(EXPENDITURE)||||IiOR TITEYEAR|||2022|2021|
|The net income/(expenditure)|||for|the year is|stated afier charging:||||
|Depreciation oftangible||fixed|assets owned||by the Charity||1,518|2,169|
|Audit fee|||||||4,163|4,939|
##
##
||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
|Salaries|||||||||97,310|112,635|
|Social security and pension||costs|||||||5,718|6,996|
||||||||||103,028|119,631|
|The average weekly number||ofstaff employed||by|the Charity||during the|year was.|||
||||||||||2022|2021|
|Direct charitable
workers|||||||||4|5|
|The key management|personnel ofthe charitable||||company|comprise the||Trustees.|||
|No employee received remuneration|||ofmore|than|f30000.||||||
|TANGIBLE FIXEDASSETS|||||||||Fixtures||
|Current Year|||||||Office|Computer|and||
|||||||Equipment||Equipment|Fittings|Total|
|COST|||||||||6||
|Balance at 1.1.22|||||||8,589|11,778|3,698|24,065|
|Additions||||||||774||774|
|Balance at 31.12.22|||||||8,589|12,552|3,698|24,839|
|DEPRECIATION|||||||||||
|Balance at 1.1.22|||||||8,162|9,117|3,698|20,977|
|Charge for the year|||||||281|1,237||1,518|
|Balance at 31.12.22|||||||8,443|10,354|3,698|22,495|
|NET BOOK VALUE|at 31.12.22||||||146|2,198||2,344|
||||||||||Fixtures||
|Prior Year|||||||Office|Computer|air&i||
|||||||Equipment||Equipment|Fittings|Total|
|COST||||||||||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 at31.12.21|||||||8,162|9,117|3,698|20,977|
|NET BOOK VALUE at31.12.21|||||||427|2,661||3,088|
|DEBTORS|||||||||2022|2021|
||||||||||Due within|Due within|
||||||||||one year|one year|
|Trade debtors|||||||||21,447|230|
|Prepayments|||||||||1,875|1,875|
|Other debtors|||||||||6,000|12,500|
||||||||||29,322|14,605|
##
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|CREDITORS|2022|2021|
|---|---|---|
||Due within|Due within|
||one year|one year|
|Trade creditors|712|6,917|
|Taxation and social security|2,668|1,943|
|Accruals|3,310|4,825|
||6,690|13,685|
##
|MOVEMENTS OF FUNDS|MOVEMENTS OF FUNDS|MOVEMENTS OF FUNDS|||2022|2022|2022|
|---|---|---|---|---|---|---|---|
|- Current Year|||||Unrestricttxt|Restricted|Total|
||||||||6|
|Balances brought|forward|at 1.1.22|||76,970|4,287|81,257|
|Income|||||170,998|23,360|194,358|
|Expenditure|||||164,696|17,584|182,280|
|Balances carried|forward|at31.12.22|||83,272|10,063|93,335|
||||||2021|2021|2021|
|-Prior Year|||||Unrestricted|Restricted|Total|
|Balances brought|forward|at 1.1.21|||81,373||81,373|
|Income|||||152,298|46,452|]98,750|
|Expenditure|||||156,701|42,]65|198,866|
|Balances carried|forward|at 31.12.21|||76,970|4,287|81,257|
|RESTRICTED FUNDS|||Funds||||Funds|
|- Current Year|||brought||||carried|
||||forward|at|Grants||forward
at|
||||1.1.22||Received|Expenditure|31.12.22|
|||||||f.||
|Barrow Cadbury|||||13,500|(6,093)|7,407|
|GSCC|||||2,658|(2,658)||
|Network for Social Change|||4,287||7,202|(8,833)|2,656|
||||4,287||23,360|(17,584)|10,063|
||||Funds||||Funds|
|Prior Year|||brought||||carried|
||||forward|at|Grants||forward
at|
||||1.1.21||Received|Expenditure|31.]2.21|
||||||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|
##
|RECONCILIATION
OF NE
ACTIVITIES|T MOVEME|NT IN FUNDS TO NET CA|SH FLOW FROM OPERATIN|G|
|---|---|---|---|---|
||||2022|2021|
|Net movement
in toads|||12,078|(116)|
|Add back depreciation|||1,518|2,169|
|(Increase)/decrease
in debtors|||(14,717)|4,143|
|(Decrease)/increase
in creditors|||(6,995)|2,842|
|Net cash/(used
by) provided|by operating|activities|(8,116)|9,038|