2020-12-31-accounts - The Humane Research Trust

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Contents
		Page
Report ofthe Trustees		1-8
Report ofthe Independent	Auditors	9-11
Statement ofFinancial Activities		12
Balance Sheet		13
Statement ofCash Flows		14
Notes tothe Financial Statements		15-27

Trustees:	Leslie M Rhoades FCA (Chair to 23 March 2020, deceased)	Leslie M Rhoades FCA (Chair to 23 March 2020, deceased)
	David SMillson MD, PhD, MRCGP, FFPM (Chair)
	Kenneth H Cholerton BA(Econ)
	Andrew ABerwitz DSSHom, (Hon. Treasurer)
	GBarrie Davies MBE,	MRPhannS,
	DMalcolm Bowker PhD FRCPsych
	Edward ALockMIBiol PhD, FRCPath, FBTS,FATS.
	Gillian JHoman BSc,MSc, CMCIPD (elected 14April 2020)
Charity Office:	Brook House
	29Bramhall Lane South
	Bramhall
	Stockport
	Greater Manchester
	SK72DN
Charity Number:	267779
Auditors:	Lloyd Piggott Limited
	Chartered Accountants	and Statutory Auditor
	St.George's House
	56Peter Street
	Manchester
	M2 3NQ
Bankers:	Royal Bank ofScotland
	Drummond House Branch
	I Redheughs Avenue
	Edinburgh
	EH12 9JN

		Uarestricted	Uarestricted	Funds
		2020		2019
Note				5
Income and endo»nnente from
Donations and legacies Other trading activities Income fiom investments		700,161 18,732 12,767		640,843 16,088 19,438
Total income and endowments		731,660		676@69
Expenditure on Raising funds Charitable activities		55,556 551,703		53,736 699,375
Total expenditure		607&259		753,111
Net (expenditure)/income		124,401		(76,742)
Net movement in funds		124&401		(76,742)
ReconciTiatton offunds
Total funds brought forwanl		3,104,649	3,181,391
Total funds carried forvrard		3,229,050	3,104,649
The notes on pages 15to 27form part ofthese financial	statements.

YEARENDED 31DECE	MBER	2020
			Note	2020	2019
					g
Net cash generated &om operating		activities	19	518,009	115,830
Cash flows from investing Bank deposit interest	activities			12,767	19,438
Puxchase ofoiflce equipment				(8,139)
Net cash generated by investing		activities		4,628	19,438
Cash flows from flnancing	activities
Change in cash aud cash equivalents in the year				522,637	135,268
Cash and cash equivalents brought forward				2,834,714	2,699,466
Cash and cash equivalents carried forward				3457451	2&834,714

Donations and legacies
	Unrestricted	Funds
	2020	2019
		g
Gmup donations Other donations	64,444	4,032 59,000
Legacies Covenanted income	517,943	577,060 751
Transfer &om Lawson Tait Medical I'c Scientific Resauch Trust	117,774
	700,161	640,843

		Total allocated	Total allocated	Governance	Other support costs	Basisofallocation	Basisofallocation
				related
StaBcosts		79,976		26,392	53,584	Stafftime
Administrative
costs		53302		25,891	27,411	Stafftime/Specific
Depreciation		2300		733	1,467	Stafftime/Specific
		135,478		53,016	82,462
						2020	2019
							g
Governance	costs
Trustee expenses Auditors remuneration						6350	1,136 7,328
Auditors remuneration		-non-audit	services			2,635	2,576
Stafi'costs					26,392		24,916
Support costs						17,739	9,369
					53,016		45325

The remuneration ofthe auditors amounted	to&450(2019:86,250	)
sts ofraising funds		2020 8	2019
Cost ofgoods forresale Advertising and publicity Supporter appeals snd other communication Staffcosts	costs	11,163 3,616 27,192	9,364 3,239 297 25,670
Support costs Mail order catalogues snd other maxheting	literature	11,464 2,121	12,061 3,105
		55456	53,736

animals in m researchers. 8 and 9.	edical research and testing and f Further details ofthe grantees, the	ulflls an important role in educating t purpose ofthe grants and the amounts	he next generation are contained in n
		2020	2019
		g	g
Grants (note Smffcosts	8)	460,618 26,392	619,428 24,916
Publicity Support costs Governance costs (note 5)		904 10,773 53,016	810 8,896 45,325
		551,703	699@75

Reconciliation ofgrants payable
	2020	2019
Commitments at 1January 2020 (note 16) Commitments made in the year Grants paid during the year	215,527 460,618 (487,771)	121,717 619,428 (525,618)
Commitments at 31December 2020 (note 16)	188@74	215,527
Commitments made in the year
ProfIM Wormstone, School ofBiological Sciences, University ofEast Anglia			108,540
DrM Williams, School ofBiological Sciences, University ofEast Anglia			128383
ProfLParaosn, Department ofEye and Vision Science, University ofLiverpool			33,437
DrN Hodges School ofBiosciences, University ofBirmingham			50,462
ProfM Coleman School ofLife and Health Sciences, Aston University			32,562
PmfWDFmser Norwich Medical School, University ofEast Anglia			49,774
DrJGavrilovic University ofEast Anglia			50494
DrKPinnick Radchtfe Department ofMedicine, University ofOxford			7/66
			460,618
Contingent liabilities settled during the year			487,771

Tangible Bxed assets	Freehold Land	Oflice	Total
	and Buildings	Equipment
Cost
At 1January 2020 Additions	67446	9,635 8,139	77,181 8,139
Disposals
At 31December 2020	67~	17,774	85@20
Depreciation
At I January 2020 Charge foe the year	25,428 1,400	7,779 800	33,207 2,200
Dlsposeds
At 31December 2020	26,828	8+79	35,407
Net BookValue
At31December 2020	40,718	9,195	49 tt13
At 31December 2019	42,118	1,856	43,974

Grant commitments
Brought forward at 1January 2020 New commitments awarded in the year	1,067,539 146,773
Grants paid in the year (note 8) Commitments revoked in the year	(460,618) (155495)
Canied forwanl at 31 December 2020	598,399