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2023-06-30-accounts

Trustees and advisors
Board ofTrustees'
report
2-13
Independent
auditor's
report 14-16
Statement offinancial activities 17
Summary
income and
expenditure 19
Balance sheet 20
Statement ofcash flows 21
Notes to the financial statements 22-38

Difficult economic environment Difficult economic environment Difficult economic environment Monthly SMT review of income and SMT review of income and expenditure;
significantly impacts financial security of Fundraising Strategy and increased capacity
in
organisation. Fundraising Team; Finance and Fundraising
reports to
FKGP.
Reserves and cash position insufficient Reserves policy reviewed
annually
by F8GP; cashflow
to meet commitments. report quarterly
to FKGP; medium
term strategy to build
reserves.

ical Advisory
Group provides
invaluab
rent members
ofthis group are:
le
clinical advice to inform and
Dr Kate Adams Dr Adrian Palfreeman
Professor Jane Anderson Nicky Perry
Dr Tristan Barber Dr lain Reeve
Dr Dan Clutterbuck Dr Ann Sullivan
Ceri Evans Dr Shema Tariq
Dr William
Ford-Young
Dr Steve Taylor
Jamie Hardie Dr Lee Winter
Dr Christian Jessen Sarah Zetler
Eileen Nixon

Current financial year
Unrestricted Restricted Endowment Total Total
funds funds funds
Notes 2022-23
f
2022-23 2022-23 2022-23f 2021-22
Income from:
Donations
and legacies
3 514,104 306,490 820,594 663,454
Charitable
activities
4 307,757 307,757 157,241
Investments 5 5,318 2,427 7,745 2,897
Total income and endowments 827,179 306,490 2,427 1,136,096 823,592
~E*
Cht
Raising funds 6 288,377 840 289,217 194,166
Charitable
activities
7 520,900 323,477 844,377 781,588
Total expenditure 809,277 323,477 840 1,133,594 975,754
Net movement
in funds
17,902 (16,987) 1,587 2,502 (152,162)
Fund balances at 1 July 2022 531,098 115,325 259,242 905,665 1,057,827
Fund balances at30June 2023 549,000 98,338 260,829 908,167 905,665

Prior financial year
Unrestricted Restricted Endowment Total
funds funds funds
2021-22 2021-22 2021-22 2021-22
Notes 6 6 f
Income from:
Donations
and
legacies 427,141 236,313 663,454
Charitable
activities
157,241 157,241
Investments 2,804 93 2,897
Total income and endowments 587,186 236,406 823,592
~E«dit
Raising funds 6 194,166 194,166
Charitable
activities
7 585,487 196,101 781,588
Total expenditure 779,653 196,101 975,754
Net movement in funds (192,467) 40,305 (152,162)
Fund balances at1 July 2021 723,565 75,020 259,242 1,057,827
Fund balances at 30June 2022 531,098 115,325 259,242 905,665

2022-23 2021-22
f
Gross income 1,133,669 823,592
Total expenditure from income funds 1,132,754 975,754
Net income/(expenditure) forthe year 915 (152,162)

2022-23 2021-22
Notes f
Fixed assets
Tangible assets 13 18,786 10,546
Endowment
investment
14 260,829 259,242
279,615 269,788
Current assets
Stocks 15 13,961 13,939
Debtors falling due after one year 16 4,136 4,136
Debtors falling due within one year 16 227,473 198,781
Cash at bank and in hand 568,879 480,623
814,449 697,479
Creditors: amounts
falling due within
one year 17 (185,897) (61,602)
Net current assets 628,552 635,877
Total assets less current liabilities 908,167 905,665
Capital funds
Permanent
endowment
21 260,829 259,242
income funds
Restricted funds 23 98,338 115,325
Unrestricted
funds
—general 549,000 531,098
908,167 905,665

2022-23 2021-22
Notes 'Z
Cash flows from operating activities
Cash generated
from/(absorbed
operations
by) 27 99,402 (313,058)
Investing
activities
Purchase oftangible fixed assets (17,305) (7,075)
Proceeds on disposal oftangible
assets
fixed 156
Interest received 7,745 2,897
Net cash used in investing activities (9,560) (4,022)
Net increase/(decrease)
equivalents
in cash and cash 89,842 (317,080)
Cash and cash equivalents at beginning ofyear 739,865 1,056,945
Cash and cash equivalents at end ofyear 829,708 739,865
Relating to:
Cash at bank and in hand
568,879 480,623
Deposits included
in fixed
-endowment
asset investments 260,829 259,242
829,708 739,865

Donations and legacies
Total Total
2022-23 2021-22
8 f
Grants (E5,000+)plus all pharmaceutical
Other grants and donations
Donated goods and services
grants 362,371
457,100
1,123
340,833
274,358
48,263
820,594 663,454

Donations
and legacies
(Continued)
2022-23 2021-22
8 f
Grants (F5,000+)plus all pharmaceutical grants
Gilead Sciences Ltd 15,538 72,988
The Baring Foundation 31,200
IAS Society 8,982
Viva Glam 50,000
ViiV Healthcare
UK Limited
89,663 89,663
National
Lottery Fund
81,588
Mill Charitable
Trust
20,000 30,000
Trust for London 60,000 8,500
Martin Bowley Charitable
Trust
5,000
City Bridge Trust 12,390 23,500
Janssen-Cilag
Ltd
4,000
Merck, Sharpe &Dohme Ltd 1,250
Swarovski
Foundation
42,850
Africa Advocacy 36,761 11,250
Paper and Pixels donated WAD website 4,000
Latham 8 Watkins donated legal services 44,263
The Evan Cornish Foundation 8,082
362,371 389,096
Other grants and donations
Individual
8 community
133,765 102,888
Corporate
donations
283,358 85,557
Trusts 8 foundations 3,260
Legacies 39,977 82,653
457,100 274,358

2022-23 2021-22
f. f
European
international
project funding 141,049 130,223
Royal Free London NHS Foundation Trust —Fast Track Cities 131,215
Gilead Sciences Ltd & ViiV Healthcare UK Ltd joint HIV outcomes project 98,000
Less; deferred
income
(90,326)
279,938 130,223
Awareness
raising through
red dbbon products 24,837 22,366
Other income 2,982 4,652
307,757 157,241

Endowment Total
funds
2022-23 2021-22
F
Interest receivable 2,427 2,897

Raising fu nds
Unrestricted Endowment Total Total
funds funds
general
2022-23 2022-23 2022-23 2021-22
f f
Fundraising salaries 167,169 167,169 119,473
Associated operating costs 34,434 34,434 17,174
Support costs 86,774 86,774 57,519
Charitable fundraising costs 288,377 288,377 194,166
Endowment legal fees 840
288,377 840 289,217 194,166

7 Charitable
activities
2022-23 2021-22
f
Policy work 8 campaigning
Staff costs 427,130 448,006
Other direct charitable expenditure 133,497 69,880
560,627 517,886
Share ofsupport costs (see note 10) 221,713 215,687
Share ofgovernance costs (see note 10) 62,037 48,015
844,377 781,588
Analysis
by fund
Unrestricted
funds - general
520,900 585,487
Restricted funds 323,477 196,101
844,377 781,588

2022-23 2021-22
F 8
Direct Support Total Direct Support Total
Charitable Costs Costs Charitable Costs Costs
Stop 123,338 62,425 185,763 160,545 81,748 242,292
Champion 50,456 25,538 75,994 56,967 29,007 85,975
Protect 207,432 104,988 312,419 108,756 55,377 164,133
Drive 179,401 90,800 270,201 191,618 97,570 289,188
560,627 283,750 844,377 517,886 263,702 781,588

Support costs
Support Governance 2022-23 Support costs Governance 2021-22
costs costs costs
f
Staff costs 161,899 52,189 214,088 91,878 39,629 131,507
Depreciation 9,064 9,064 13,072 13,072
Non salary staffing &
recruitment
costs
41,498 41,498 17,926 17,926
Office expenditure 9,261 9,261 6,436 6,436
Telephone
&internet
Website & IT
2,790
27,716
2,790
27,716
3,562
26,279
3,562
26,279
Premises expenditure 50,971 50,971 64,795 64,795
Insurance 3,066 3,066 2,797 2,797
Professional
fees
2,222 2,222 2,498 2,498
Donated legal fees for
office move
43,963 43,963
Audit fees 7,200 7,200 6,960 6,960
Legal and professional 339 339 724 724
Trustees' meetings
training
and 2,309 2,309 702 702
308,487 62,037 370,524 273,206 48,015 321,221
Analysed
between
Fundraising
86,774 86,774 57,519 57,519
Charitable
activities
221,713 62,037 283,750 215,687 48,015 263,702
308,487 62,037 370,524 273,206 48,015 321,221

Number ofe
The average
mployees
staff headcount
duding the year was as follows:
2022-23 2021-22
Number Number
20 19
Employment costs 2022-23 2021-22
f
Wages and salaries 699,753 604,578
Social security costs 69,190 57,795
Other pension costs 39,444 36,613
808,387 698,986
Total Total
Employment costs by department 2022-23 2021-22
f f
Core policy work 427,130 448,006
Fundraising 167,169 119,473
Support &governance 214,088 131,507
808,387 698,986

2022-23 2021-22
Number Number
1 1

13 Tangible fixed assets Tangible fixed assets
Equipment, fixtures and fittings
Cost
At 1 July 2022
Additions
77,623
17,305
Disposals (5,841)
At 30June 2023 89,087
Depreciation
and impairment
At 1 July 2022
Depreciation
charged
in the year 67,078
9,064
Eliminated
in respect
ofdisposa le (5,841)
At 30June 2023 70,301
Carrying amount
At 30June 2023
18,786
At 30June 2022 10,546
14 Fixed asset investments
Cash
E
Cost or valuation
At 1 July 2022 8 30June 2023 259,242
Carrying amount
At 30June 2023 259,242
At 30June 2022 259,242
15 Stocks
2022-23
E
2021-22f
Stocks ofRed Ribbon lapel pins and brooches 13,961 13,939

16 Debtors
2022-23 2021-22
Amounts
falling due
within one year: f
Grants and donations invoiced 207 5,900
VAT recoverable 7,499
Donations and grants accrued income 165,154 117,091
Legacies due 38,977 62,383
Prepayments 15,636 13,407
227,473 198,781
2022-23 2021-22
Amounts
falling due
after more than one year: f
Rent deposit 4,136 4,136
Total debtors 231,609 202,917
17 Creditors: amounts falling due within one year
2022-23 2021-22
Notes f f
Other taxation and social security 14,790 19,143
Deferred income 18 90,326
Trade creditors 29,086 8,382
Other creditors 2,393 1,694
Accruals and other creditors 49,302 32,383
185,897 61,602
18 Deferred income
2022-23 2021-22
Arising from deferred income 90,326

non-cancellable
operating
leases, which
fall due as follow
s:
2022-23 2021-22
2 f
Within one year
Between two and five years
14,829
339
38,754
11,595
15,168 50,349

Movement Movement
in funds in funds
Balance at Incoming Balance al Incoming Balance at
1 July 2021
6
resources 1July 2022
f
resources
6
30June 2023
6
Permanent endowments
Gary Philipp Endowment 259,242 259,242 2,427 260,829
259,242 259,242 2,427 260,829

22 Total return on endowment Total return on endowment Total return on endowment
Opening value ofendowment: 259,242
Unapplied total return
Total 259,242
Movement in unapplied
total
return and endowment in the year:
Investment return: dividends and interest 2,427
Investment management
costs
—legal fees to establish the fund (840)
Total 1,587
Unapplied total return allocated to income
Net movement
in the reporting
period 1,587
Closing value ofpermanent endowment
Gift component
ofpermanent
endowment 259,242
Unapplied total return 1,587
Total 260,829
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Analysis ofnet assets between funds Unrestricted Restricted Endowment Total
funds funds funds
2022-23f 2022-23f 2022-23
F
2022-23f
Fund balances at30 June 2023 are represented
by:
Tangible assets
Investments
18,786 260,829 18,786
260,829
Current assets/(liabilities) 530,214 98,338 628,552
549,000 98,338 260,829 908,167
Unrestricted Restricted Endowment Total
funds funds funds
2021-22f 2021-22f 2021-22
f
2021-22
f
Fund balances at30 June 2022 are represented
by:
Tangible assets
Investments
10,546 259,242 10,546
259,242
Current assets/(liabilities) 520,552 115,325 635,877
531,098 115,325 259,242 905,665

27 Cash generated
from operations
Cash generated
from operations
2022-23 2021-22
Surplus/(deficit)
forthe year
2,502 (152,162)
Adjustments
for:
Investment
income recognised
in statement offinancial activities (7,745) (2,897)
Depreciation
and impairment
oftangible fixed assets 9,064 13,072
Movements
in working capital:
(Increase)/decrease
in stocks
(22) 8,454
(Increase) in debtors (28,692) (126,319)
Increase/(decrease)
in creditors
33,969 (53,206)
Increase
in deferred
income
90,326
Cash generated
from/(absorbed
by) operations 99,402 (313,058)