2021-03-31-accounts - Meniere's & Vestibular UK

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			Note	Unrestricted Funds	Restricted Funds	Total Funds	Unrestricted Funds	Restricted Funds	Total
							Z020	2020	2020
Income 8 Ex enditure							E		f
Income
Incoming Resources
Membership subscriptions				53,903		53,903	56,068		56,068
Grants and corporate sponsorship				2,580	9,395	11,975	13,253	1,802	15,055
Donations &gifts				44,155	7,106	51,261	44,158	5,822	49,980
Legacies				49,135	749,999	799,134	404,941	605,343	1,010,284
Fund raising activities				30,876	7,815	38,691	50,619	8,191	58,810
Gift Aid tax recovery				16,067	1,013	17,080	18,399		18,399
Investment income and interest		received	2	11,801	1,310	13,111	15,127		15,127
Total incoming resources				208,517	776,638	985,155	602,565	621,158	1,223,723
Operating Expenditure
Information service & helpline				17,812		17,812	17,727		17,727
SPIN magazine				14,212		14,212	21,811		21,811
Conference				3,060		3,060	11,328		11,328
Salaries				154,229		154,229	146,984		146,984
Fund raising and publicity				14,964		14,964	9,566		9,566
Management and administrative				43,394		43,394	52,988		53,551
Governance costs (independent	audit)			2,750		2,750	2,750		2,750
Web site development				443	8,595	9,038	4,220		4,220
Total operating expenses				250,864	8,595	259,459	267,374	563	267,937
Net incoming / (outgoing) operating	resources			{42,347)	768,043	725,696	335,191	620,595	955,786
Research expenditure					85,320	85,320		15,270	15,270
Net incoming / (outgoing) resources				(42,347)	682,723	640,376	335,191	605,325	940,516
Realised and unrealised (losses)/gains		on investments		45,505	677	46,182	{10,990)		(10,990)
Net movement in funds				3,158	683,400	686,558	324,201	605,325	929,526
Fund balances brought forward				919,800	606,336	1,526,136	595,599	1,011	596,610
Fund balances carried forward				922,958	1,289,736	2,212,694	919,800	606,336	1,526,136

										March 31,2021		March 31,2020
										f	f	f
Fixed Assets
Office equipment &computers										1,570		2,525
Investments										1,104,988		381,241
										1,106,558		383,766
Current Assets
Stock ofconsumable &		promotional				items				5,008	7,730
Debtors 8 prepayments										942,612	644,348
Bank current accounts	8		cash							82,095	61,031
Bank deposit accounts										93,670	453,127
Total current assets										1,123,385	1,166,236
Current Liabilities: payable			in	one year
Creditors and accruals										13,217	19,790
HM Revenue 8 Customs										4,032	4,076
Total current liabilities										17,249	23,866
Net Current Assets										1,106,136		1,142,370
Net Assets										2,212,694		1,526,136
Funds
Unrestricted
General									10	290,000		290,000
Programme									10	632,958		629,800
Restricted
Research									10	1,253,147		569,747
West Yorkshire									10	35,849		35,849
Telephone project									10	740		740
Total Funds										2,212,694		1,526,136
The notes on pages 9- 11form part ofthese accounts. The financial statements were approved by the Trustees on C- 'f										7
David Renton (Chair		ofTrustees)							lain	Bromley (Treasurer)
Cashflow statement	for			ear ended			31March	2021
									Note	2021		2020
Cashf low from operating	activities									372,243		288,551
Cashflow from investing activities
Purchase offixed assets										0		(2,471)
Purchase ofinvestments										(665,000)		0
Interest received										1,310		1,424
Other investment income										11,801		13,703
Gains on investments										(58,747)		(2,713)
Net cash from investing		activities								(710,636)		9,943
Net increase in cash and cash			equivalents							(338,393)		298,494
Cash and cash equivalents	at		beginning		ofthe		year			514,158		215,664
Cash and cash equivalents	at end ofthe					year				175,765		514,158

2.Investment	Income	2021	2020
			f
Income	from Investments	11,801	13,703
interest	on cash deposits	1,310	1,424
			15,127
3.Staff costs
Salaries		140,500	131,250
National	Insurance	10,368	10,350
Pensions		3,361	3,200
Dther staff costs			2,184
		154,229	146,984

4.Mana ament and administrative
Rent, rates and utilities		18,849	20,685
Accountancy and professional	fees	5,985	10,091
Bank charges and commission		2,406	2,099
Postage, stationery and miscellaneous		5,958	9,802
Travel costs		723	2,800
Computer, telephone and internet		7,139	5,416
Depreciation		956	943
Insurance		1,378	1,715
		43,394	53,551

Cost
Cost at 1April 2020	13,831
Additions
Disposals
Cost at 31March 2021	13,831
~Di ti
At 1April 2020	11,306
Charge for the year	955
Eliminated on disposals
At 31March 2021	12,261
Net book value
At 1April 2020	2,525
At 31March 2021	1,570

							2021		2020
7.Investments
							f		f
Market value at beginning			ofyear				381,241		378,528
Acquisitions during the year							677,565		13,703
Unrealised gains/(losses)			in the year				46,182		(10,990)
Market value at end ofyear							1,104,988		381,241
Historical cost as at year end							978,368		313,368
All investments	are		held with Sarasin S.Partners	LLP in the UK. At the year end	f642,641 was in the		Endowments Fund	Class A Acc,
f286,203 was in	the		Income and Reserves Fund	Class A Acc and f176,144was held		in cash (2020: f116,8S3 the Endowments			Fund Clas
Acc,f263,348 in		the	Income and Reserves Fund	Class A Acc and f1,040 in cash).
8.Debtors
Debtors and prepayments							6,001		12,201
Legacies due							932,961		628,100
Gift Aid Tax refunds			due				3,650		4,047
							942,612		644,348
9.Creditors
Trade creditors							8,995		10,079
Other creditors							8,254		9,711
							17,249		19,790
10.Funds
				Unrestricted		Unrestricted	Unrestricted	Restricted
				General		Programme	Total
				f		f	f.		f
Balance at 1April		2020		290,000		629,800	919,800		606,336
Net increase					0	3,158	3,158		683,400
Balance at 31March			2021	290,000		632,958	922,958		1,289,736
Represented by:
Bank and cash				175,765			175,765
Investments				115,255		632,958	748,213		356,775
Other net assets/liabilities				(1,020)			(1,020)		932,961
				290,000		632,958	922,958		1,289,736
Restricted funds
				Research		West Yorkshire	Website		Total
							and phone
				f		f	f		f
Balance at 1April		2020		569,747		35,849	740		606,336
Income				767,920		0	9,395		777,315
Expenditure				(85,320)		0	(8,595)		(93,915)
Balance at 31March			2021	1,252,347		35,849	1,540		1,289,736

12.Reconciliation ofnet movement	12.Reconciliation ofnet movement	12.Reconciliation ofnet movement
			2021	2020
Net movement in funds			686,558	929,526
Add back depreciation	charge		955	943
Deduct interest income			{1,310}	(1,424)
Deduct other investment		income	(11,801}	(13,703)
(increase) in debtors			{298,264}	(622,844)
Decrease/(Increase} in	stock		2,722	(352)
(Decrease) in creditors			(6,617)	(3,595}
Net cash used in operating		activities	372,243	288,551