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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|
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|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||
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|||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.||||
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|
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|
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|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|
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|Unrestricted|Funds|
|---|---|
|2020|2019|
|g||
|18,732|16,088|
|Unrestricted|Fends|
|2020|2019|
|g||
|12,767|19,438|
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|||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|
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|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|
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|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|
||8||
|---|---|---|
||h||
|Cl|||
|m
'8
'0|8
00||
|g
'I|o4
8||
||q&||
|0|~O||
|Cl0|0||
|Il|||
|||0|
|||~O|
|||~o|
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|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|
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|tatfcosts|||
|---|---|---|
||2020|2019f|
|Salaries|75,470|70,928|
|Social security costs|2,311|2,743|
|Pension costs|2,195|1,831|
||79,976|75,502|
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|13.|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|
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|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|
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