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|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.|
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||||||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|
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||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|
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|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|
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|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|
##
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||||||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|
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|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|
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|||||||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|
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|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|
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