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2022-03-31-accounts

Risk		How this is ex ected to be mana ed
MERU remain heavily reliant on		MERU are increasing the proportion of
charitable donations to fund		income that is self-generated year on
operations. There is diminishing		year and work closely with QEF
availability and increasing competition		Engagements and Pa*nerships team to
for these funds.		su ort fundraisin initiatives.
The legislative environment for medical		MERU have been preparing the
devices is changing, with new EU regulation implemented in May 2021		necessary documentation to support compliance testing early in April 2022.
and UK regulation yet to be defined post-Brexit. This affects the		This will enable Bugzi and Moozi, two key medical devices, to retain the EU
compliance status of key products	such	CE mark and continue to be supplied in
as Bugzi.		the UK and EU markets. A new Quality role was created in 2021 for one staff
		member to reflect the importance of
		this task.
Continued pressure on supply lines	due	MERU are continually assessing stock
to post-Covid demand on shipping,	and	requirements and planning increased
continued lockdowns in China, means		lead times into production schedules.
that the availability of key components		The use of alternative suppliers and/or
remains a challenge.		materials is considered on a case by
		case basis.

					BALANCE SHEET	BALANCE SHEET
					AS AT 31 MARCH 2022
							2022		2021
					Note
Fixed assets:
Tangible assets							157981		195940
							157,981		195,940
Current assets
Stocks					4	95,446	L	63,443 .
Debtors					5	26,579		50,927
Cash at bank	and	in	hand			146 455		158,281
						268,486		272,651
Creditors
Amounts falling due year			within	one		(314,447)		(386,037)
Net current assets							~45 967		(113,386
Total assets	less current			liabilities			112,014		82,554
Provisions							(57,143)		(57,142)
Net asset or	liabilities						54 871		25 412
Accumulated	funds
Restricted funds							48,780		23,994
Unrestricted	funds						6,091		1,418
Total accumulated			funds				54871		25412

	FOR THE Y	EAR EN	DED 31MARCH 2	022
			2022	2022	2022	2021
		Notes	Unrestricted Funds	Restricted Funds	Total Funds	Total Funds
			F.	6
INCOME:
Donations and legacies Charitable activities		11 12	163,927 256,554	215,461	379,388 256,554	334,170 174,169
Business Grants		12	10,382		10,382	91,568
Total Operating Income			430 863	215 461	646 324	599,907
EXPENDITURE:
Raising funds Charitable activities		13 14	13,792 412,397	17,038 173,638	30,830 586,035	25,023 566,766
Total Operating Expenditure			426,190	190675	616,865	591,789
Net Operating (Expendnure)/Income			4,673	24,786	29,459	8,118
Reconciliation offunds:
Total funds brought	forward		1,418	23,994	25,412	17,293
Total funds carried forward			6091	48 780	54 871	25411

TANGIBLE FIXEDASSETS
		Leasehold	Plant and	reotor Vehicles	Total
		Improvements	Equipment
Cost at 1.4.21			514,260	7,015	521,275
Additions			72,385		72,385
Disposals Cost at 31.3.22			3821 548,427	7,015	218 555,442
Depreciation at 1.4.21 Chame for year On disposals Depreciation at 31.3.22			318,398 92,048 2 000 390,446	6,937 78 7,015	325,335 92,126 20 000 397,461
NET BOOK VALUE at 31.3.22			1579 1		157981
NET BOOK VALUE at 31.3.21			195862	78	195 40
STOCK
				2022	2021
					F.
Raw materials and finished	goods			95446 95	63 43 63443

					2022	2021
Amounts falling due within	one year:				E	E
Debtors for equipment sold Rent Deposit re Epsom premises					21,579 5,000	45,927 5,000
Prepayments					9	50 92
CREDITORS
Ag creditors are financial instruments		and am measured	at present	value.
					2022	2021
Amounts falling due within	one year:				F.
Accruala					4,276	4,990
HMRC (Re VAT) Amount due to parent organisation Purchase Ledger Control Bugzi Loan Deposit					5,385 289,575 1,761 1 314447	10,352 349,512 983 20 200 386 037

7	PROVISIONS	PROVISIONS				2022f	2021f
	Dilapidation Reserve					57 142	57 142
						57 142	57 142
8	STATEMENT OF FUNDS
				Opening	Incoming	Resources	Closln9
			Activky	Balance	Resourcesf	Expendedf	Balancef
	Unrestricted Funds:
	General	Fund		1,418	430,864	426,191	6,091
	Restricted Funds:
	Bugzi			23,994	215,461	190,675	48,780
	Engineer	Salaries
	Students
	Total Ag	Funds		25 412	646 325	616866	54 871
9	ANALYSIS OF		NET ASSETSBYFUND
					Unrestricted	Restricted	TotalFunds
					Fund 6	Fundf	2022f
	Tangible	Fixed	Assets		157,981		157,981
	Cumant	Assets			219,699	48,780	268,480
	Current	Liabilities			371590		1 90
					6 091	48 780	54 871
					Unrestricted	Restricted	TotalFunds
					Fundf	Fund	2021f
	Tangible	fixed	assets		195,940		195,940
	Cunent	Assets			248,658	23,993	272,651
	Current	Liabilities			3 180		443 180
					1418	239 3	5 1

					2022	2021
					Totalf	Total 6
Opening funds Net movements Closing funds		ofresources	In the year		25,411 29 54 871	17,293 8 118 411
DONATIONS		AND LEGACIES
				2022	2022	2022
		Category		Unrestricted	Restricted	Total
Trusts				68,016	140,600	208,616
Maior	Donors			10,000	15,000	25,000
Direct	Mail			73,377	5,808	79,185
Corporate Community Other				249 12,099 186	31,747 22,307	31,996 34,406 186
				163928	215,462	379,389
				2021	2021	2021
		Category		Unrestrictedf	Restrictedf	Total f.
TI1tsts				91,775	66,820	158,595
Maior	Donors				15,750	15,750
Direct	Mail			31	912	943
Corporate Community				8,746 29,471	10,743 (6,461)	19,489 23,010
Event				16,383		16,383
Other				100000		100000
				246 406	87 4	34 170

All activit	ies in the	cument and prior year were unrestricted.
			2022f	2021f
Sale of Equipment Business Grants		by the Charity	256,554 10382	174,169 1568
			36	65 37

						2022		2022	2022
						Direct Costs	Staff	Costs	TotalFunds
						E		E	E
Unrestricted						831	12,962		13,793
Restricted		- Bugzi					17
							3000
						2021		2021	2021
						Direct Costs	Staff	Costs	TotaIFtttttls
						E		E	E
Unrestricted						5,023	10,808		15,831
Restricted		—Bunzi						9192
							2	00
CHARITABLE ACTIVITIES
						2022		2022	2022
						Direct Costs	Support	Costs	TotalFunds
						E		E	E
Bespoke	Projects					1,325			1,325
TravelChair						5,161		5,887	11,048
Instant	Solutions					298,808	272,383		571,191
Auditors'	Remuneration			inc VAT				2 470	47
							280 740		586 0 4
						2021		2021	2021
						Direct Costs	Support	Costs	TotislFunds
						E			E
Bespoke	Projects					121,395	55,717		177,112
TravelChair
Instant	Solutions					257,367	130,007		387,374
Auditors'	Remuneration			inc VAT				2 280	2 280
						378 762	188004		566 7
Instant	Solutions		include	costs for Bugzi, assitive	products	and toy adaptations.
SUPPORT		COSTS
						2022		2022	2022
						Sbsff Costs	Other	Costs	TotalFunds
						E		E	E
Bespoke	Projects
TravelChair						2,641		3,298	5,939
Instant	Solutions					9	152
						124 31	155
						2021		2021	2021
						Staff Costs	Other	Costs	Total Fossils
						E		E	E
Bespoke	Projects					23,045	33,356		56,401
TravelChair
Instant	Solutions						77831		13160
						6 17	11 187		188004

STAFFCOS	TS
					2022	2021
						E
Salaries					180,309	89,732
Social Security Costs					14,129	18,307
Pension Costs					7,469	12,998
Other Costs						4
The averdue	number of persons	employed	by MERU during	the veer was:
			Full time	Full time	Part time	Part time
			2022	2021	2022	2021

17	OPERATING	INCOME	INCOME			2022	2021
						E	E
	Surplus before	Auditors	Remuneratbn		and Depreciation ofFixed Assets	124,056	102,684
	Auditor's Remuneration					2,470	2,280
	Depreciation	of Tangible		Fixed Assets
						29460	8 118