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2021-04-30-accounts

		Pres
Trust Infottnation
Report of the Trustees		2-6
Independent Auditor's	Report to the Trustees	7-8
Statement ofFinancial	Activities
Balance Sheet		10
Notes to the Financial	Statements	11 - 17

					FOR THE Y	EAR ENDED	30	APRIL 2	021
										Total	Total
							Unrestricted		dieted	Fundn	Funds
						Notes		Funds	Funds	2021	2020
Income from:
Donations and legacies;
Donations								104,088	93,502	197,590	208,601
Charitable activities:
Fund raising events								2,019		2,019	34,373
Other trading activities:
Sale ofprints, cards	and			sweatshirts				2,269		2,269	5,686
Investments								5,604		5,604	9,127
Other income - Government				grants				7,423		7,423
Total income							~121402		93,502 ~214 904		257 787
Expenditure on:
Charitable activities								85,060	100,606	185,666	334,576
Raising funds								34,500		34,500	65,409
Total expenditure								119,560	100,606 ~220 166		~399985
Net income/(expenditure)		before gains
and losses on investments								1,842	(7,104)	(5,262)	(142,198)
Realised profits/(losses)	on		investments					1,694		1,694	(273)
Unrealised profits/(losses)		on			investments			59,556		59,556	(35,215)
Net income/expenditure		for			the year			63,092	(7,104)	55,988	(177,686)
Transfers between funds
Net movement in funds								63,092	(7,104)	55,988	(177,686)
Balances brought forward		at			1 May 2020			188,273	267,930	456,203	6 633,889
Balances carried forward			at 30April 2021			11&.12	~6	251 365	K 260 826 f	512,191	l 456,203

				Notes	2021	2020
Fixed Assets
Tangible Assets					1,470	809
Investments					456,756	474,606
					458,226	475,415
Current Assets
Stock					2,602	2,903
Debtors					2,912	7,014
Cash at bank	and in	hand			74,817	23,091
					80,330	33,008
Creditors: amounts		falling due within one year		10	26,365	52,220
Net current	assets I(liabilities)				53,965	(19,212)
Net Assets					512 191	456 203
Unrestricted	Funds
	General	fund			96,496	15,228
	Designated		funds		154,869	173,045
					251,365	188,273
Restricted Funds				12	260,826	267,930
					512 191	456,203

Unrestricted	funds are expen	dable at the discretion oft	he trustees in furtherance o	fthe objects	fthe objects	of	the charity.
			Unrestricted	Restricted			Total		Total
			Funds		Funds		2021		2020
2) Direct Grants for	Charitable Expenditure medical research		51,757		67,293		119,050		259,921
Costs ofresearch programme Governance costs (Note 4)			25,622 7,681		33,313 -		58,935 7,681		66,143 8,512
			f85,060		f100,606		6185,666		f334,576
3) Cost of	Generating Funds		Unrestricted	Restricted			Total		Total
			~Fun s		Fiends		2021		2020
Promotion and fund raising Cost ofprints, cards and sweatshirts Overheads and governance costs (Note 4)			9,382 1,066 24,053				9,382 1,066 24,053		34,789 3,516 27,104
			34,500	8	-	f,	34,500	f.	65,409

The costs ofmanaging the charity have been apportioned over the r time spent on different activities.	elevant activities, Salaries are apportioned	based on
	2021	2020
Direct charitable expenditure Cost ofgenerating funds Governance costs - medical research Governance costs - fundraising	58,935 22,667 7,681 1,386	66,143 25,440 8,512 1,664
	90,669	8101,759

					2021		2020
Staff costs
Total emoluments					80,454	f.	87,098
There were no employees		who received emoluments	above f60,000
6) Tangible Fixed	Assets				Office
					E~ui men
Cost
At 1 May 2020					2,475		2,475
Additions					1,200
Disposals
At 30April 2021					3,675		2,475
Depreciation
At 1 May 2020					1,666		1,666
Charge for the year					539		539
On Disposals
At 30 April 2021					2,205		2,205
Net Book Value
At 30 April 2021				f,	1,470	f	270
At 30April 2020					809	I	809
7) Investments
					~202		21)20
Market value as at	30 April 2020				474,606		572,029
Additions					32,631		33,141
Dispose(a					(30,020)		(32,205)
Revaluation					59,556		(35,215)
Increase/(decrease)	in cash				(80,017)		(63,144)
Market value as at	30 April 2021				456,756	E	474,606
Historic cost					364,817	f.432,133

7) Investments (cont'd)	7) Investments (cont'd)
Investments by market value			2021		2020
Charities Aid UK Equity Income Units Fund Royal Bank of Scotland Deposit account Quilter Cheviot Portfolio Other Bank Deposits accounts		B	171,657 861 152,283 131,954		134,585 861 127,562 211,598
			E456,756	L	474,606
8) Stock
			2 21		202
Prints			169		169
Branded products Cards			2,042 391		2,284 450
			2,602	f.	2,903
9) Debtors			2 21		202
Gilt aid Prepayments and accmed income			2,912		7,014
			2,912	f.	7,014
10) Creditors: amounts	falling due within	one year	2021		2020
Salaries			6,014		6,452
Other creditors Accruals and deferred income			1,045 19,306		45,768
			26,365	K	52,220

charity.
						Balance						Balance
					I	May 2020	Income	Expenditure	Transfers		30	April 2021
General fund Designated for			medical	research		815,228 f.I73,045	182,652	(119,560)		18,176 (18,176)	I K	96,496 154,869
						f188/73	f.182,652	(8119,560)	f	-	f.	251,365

					Balance				Balance
					01-May-19	Income	Expenditure	Transfers	30-Apr-20
General	fund				6154,939	153,914	(271,516)	(22,109)	815,228
Designated		for	medical	research	8150,936			22,109	$173,045
					f305,875	8153,914	(f271,516)	f.	f188,273

Balance	Balance				Balance
I	May 2020	Income	Expenditure	Transfers	30 April 2021
Medical research	$267,930	93,502	(100,606)		260,826
12.1)Restricted Funds - Year ended 30 April 2020
	Balance				Balance
01-May-19		Income	Expenditure	Transfers	30-Apr-20
Medical research	$328,014	103,600	(163,684)		$267,930

Fund balances as at 30April 2021 are represented	by:
		Unrestricted	Restricted
		Funds	Funds		Total
Tangible fixed assets		1,470			1,470
Fixed assetinvestments		195,930	260,826		456,756
Net current assets / (liabilities)		53,965			53,965
Total net assets		8251,365	f.260,826	f,	512,191
s ofuet assets between Funds -Year ended 30	April 2020
Fund balances as at 30 April 2020 are represented	by:
		Unrestricted	Restricted
		Funds	Funds		Total
Tangible fixed assets		809			809
Fixed asset investments		206,676	267,930		474,606
Net current assets / (liabilities)		(19,212)			(19,212)
Total net assets		f188,273	f267,930		8456,203

Year	end	30	April	2022		294,623
Year	end	30	April	2023		120,086
Year	end	30	April	2024		111,217
Year	end	30	April	2025		75,530
Year	end	30	April	2026		16919
					6	619.476

16)Comparative State		ent ofFinancial Ac	tivity - Year e	nded	30April	2	020
									Total
				Unrestricted			Restricted		Funds
			Notes		Funds		Funds		2020
Income from:
Donations and legacies:
Donations					105,001		103,600		208,601
Charitable activities:
Fund raising events					34,373				34,373
Other trading activities:
Sale ofprints, cards		and sweatshirts			5,686				5,686
Investments					9,127				9,127
Total income					154,187		103,600	~257 787
Expenditure on:
Charitable activities			2		170,892		163,684		334,576
Raising funds			3		65,409				65,409
Total expenditure				~236 301			163,684	~399985
Net income/(expenditure)		before gains
and losses on investments					82,114	-	60,084	-	142,198
Realised profits/(losses)	on investments				(2'/3)				(273)
Unrealised profits/(losses)		on investments			(35215)				(35,215)
Net income/expenditure	tbr the year			~777602		~60.084		~177686
Transfers between funds
Net movement in funds				~777,602		~60,084		~177.686
Balances brought forward		at I May 2019			305,875		328,014		633,889
Balances carried torward		at 30April 2020	11& 12	f,	188,273	~f. 267 930			f~456 203