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|Trustees||Professor|Pauline|Kneale|Kneale|Kneale|Kneale|
|---|---|---|---|---|---|---|---|
|||Dr Ibrar Bhatt||||||
|||Dr Jane Creaton||||||
|||Professor|Gina Wisker|||||
|||Professor|Amanda||Fulford|||
|||Professor|Jacqueline|||Stevenson||
|||Professor|Helen Higson||||- Vice-Chair|
|||Dr Susan|Harris-Huemmert|||||
|||Professor|Lesley-Jane||||Eales-|
|||Reynolds||||||
|||Dr Rachel|Brooks|||||
|||Mr David|Palfreyman|||—Hon Treasurer||
|||Dr Emily Henderson||||||
|||Ms Andrea|Cameron|||||
|||Dr Neil Harrison||||||
|||Ms Harriet|Barnes|||||
|||Professor|Chris Pole - Chair|||||
|Secretary||Ms Helen|Perkins|||||
|Charity number||313850||||||
|Company|number|868820||||||
|Registered|office|73 Collier|Street|||||
|||London||||||
|||N1 9BE||||||
|Auditor||Critchleys|Audit LLP|||||
|||Beaver House||||||
|||23-38 Hythe Bridge|||Street|||
|||Oxford||||||
|||OX1 2EP||||||
|Bankers||The Co-operative||Bank||||
|||60 Kingsway||||||
|||London||||||
|||WC2B 6DS||||||
|||Scottish Widows Bank|||||pic|
|||PO Box 12757||||||
|||67 Morrison Street||||||
|||Edinburgh||||||
|||EH3 8JY||||||
|Solicitors||Bates Wells||||||
|||10Queen|St Place|||||
|||London||||||
|||EC4R 1BE||||||
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|||Page|
|---|---|---|
|Trustees'
report|||
|Statement
oftrustees'|responsibilities||
|Independent
auditor's|report|9-11|
|Statement
offinancial|activities|12|
|Balance sheet|||
|Statement
ofcash flows||14|
|Notes to the financial|statements|15-26|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021||2020|2020|2020|
||||Notes|||||||
|Income from:||||||||||
|Donations
and|legacies||3|15,000||15,000|13,000||13,000|
|Charitable
activities|||4|583,338||583,338|831,219||831,219|
|Investments|||5|13,710|56|13,766|12,447|56|12,503|
|Total income||||612,048|56|612,104|856,666|56|856,722|
|Ex enditure on:||||||||||
|Raising funds||||1,181||1,181|1,398||1,398|
|Charitable
activities||||636,671||636,671|945,303||945,303|
|Total expenditure||||637,852||637,852|946,701||946,701|
|Net gains/(losses)||on||||||||
|investments|||12|36,323||36,323|(12,028)||(12,028)|
|Net movement|in|funds||10,519|56|10,575|(102,063)|56|(102,007)|
|Fund balances|at 1|||||||||
|August 2020||||560,706|57,165|617,871|662,769|57,109|719,878|
|Fund balances|at|31||||||||
|July 2021||||571,225|57,221|628,446|560,706|57,165|617,871|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|F||F||
|Fixed assets||||||||
|Intangible
assets|||13||32,918||37,379|
|Tangible assets|||14||2,169||1,258|
|Investments|||15||535,279||486,441|
||||||570,366||525,078|
|Current assets||||||||
|Debtors||||61,180||40,327||
|Cash at bank and|in|hand||277,458||331,763||
|||||338,638||372,090||
|Creditors: amounts||falling due within||||||
|one year|||17|(280,558)||(279,297)||
|Net current assets|||||58,080||92,793|
|Total assets less|current liabilities||||628,446||617,871|
|Income funds||||||||
|Restricted funds|||19||57,221||57,165|
|Unrestricted
funds|||||571,225||560,706|
||||||628,446||617,871|
|Mr David|Palfreyman|-|Hon Treasurer|Professor Chris Pole - Chair|
|---|---|---|---|---|
|Trustee||||Trustee|
|Company|Registration||No. 868820||
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|F||f||
|Cash flows from operating||activities||||||
|Cash absorbed
by operations|||25||(40,372)||(113,747)|
|Investing|activities|||||||
|Purchase|of intangible
assets|||(11,998)||(37,379)||
|Purchase|oftangible
fixed assets|||(3,186)||||
|Purchase|of investments|||(12,515)||(11,499)||
|Investment|income received|||13,766||12,503||
|Net cash|used in investing|activities|||(13,933)||(36,375)|
|Net cash|used in financing|activities||||||
|Net decrease
in cash and||cash equivalents|||(54,305)||(150,122)|
|Cash and|cash equivalents|at beginning|ofyear||331,763||481,885|
|Cash and|cash equivalents|at end of|year||277,458||331,763|
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|||2021f|2020f|
|---|---|---|---|
|Subscriptions||52,581|66,986|
|Conference|Revenue|(617)|233,022|
|Periodicals|and royalties|531,374|531,211|
|||583,338|831,219|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021f|2021|2021f|2020
F|2020|2020
F|
|Dividends|- equities|13,526||13,526|12,318||12,318|
|Interest -|deposits|184|56|240|129|56|185|
|||13,710|56|13,766|12,447|56|12,503|
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|Fundraising|and|publicity|
|---|---|---|
|Promotions|||
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021f|2020
F|
|1,181|1,398|
|1,181|1,398|
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|||2021f|2020f|
|---|---|---|---|
|Staff costs||274,122|270,667|
|Depreciation
and impairment||18,734|1,306|
|Conferences||6,462|228,328|
|Groups/networks||210|15,094|
|Services to members||108,406|121,070|
|Grants and awards||26,379|83,168|
|Other indirect costs||195,623|219,275|
|||629,936|938,908|
|Share ofgovernance|costs (see note 8)|6,735|6,395|
|||636,671|945,303|
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|Support|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2021|Support|Governance|2020|
|||costs|costs||costs|costs||
|||E|E||F|||
|Audit fees|||6,735|6,735||6,395|6,395|
||||6,735|6,735||6,395|6,395|
|Analysed|between|||||||
|Charitable|activities||6,735|6,735||6,395|6,395|
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||Number|Number|
||Chief Executive|||||||||
||Direct Charitable|||||||||
||Total|||||||||
||Employment|costs||||||2021|2020|
||Wages and|salaries||||||222,176|219,449|
||Social security costs|||||||19,937|18,723|
||Other pension costs|||||||32,009|32,495|
|||||||||274,122|270,667|
||The number|of employees||whose|annual|remuneration|was f60,000 or|||
||more were:|||||||||
|||||||||2021|2020|
|||||||||Number|Number|
||860,001 - 270,000|||||||1|1|
|12|Net gains/(losses)||on investments|||||||
|||||||||Unrestricted|Unrestricted|
|||||||||funds|funds|
|||||||||2021|2020|
||||||||||E|
||Revaluation|of investments||||||36,323|(12,028)|
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|Intangible|fixed asse|ts||
|---|---|---|---|
||||Website and CRM database|
|Cost||||
|At 1 August 2020|||37,379|
|Additions|- separately|acquired|11,998|
|At 31 July|2021||49,377|
|Amortisation
and impairment||||
|At 1 August 2020||||
|Amortisation
charged||for the year|16,459|
|At 31 July|2021||16,459|
|Carrying|amount|||
|At 31 July|2021||32,918|
|At 31 July|2020||37,379|
|Tangible|fixed asset|s||||
|---|---|---|---|---|---|
||||Leasehold|Furniture
&IT|Total|
||||improvements|Equipment||
|Cost||||||
|At 1 August 2020|||36,973|20,879|57,852|
|Additions||||3,186|3,186|
|At 31 July|2021||36,973|24,065|61,038|
|Depreciation
and impairment||||||
|At 1 August 2020|||36,973|19,621|56,594|
|Depreciation
charged||in the year||2,275|2,275|
|At 31 July|2021||36,973|21,896|58,869|
|Carrying|amount|||||
|At 31 July|2021|||2,169|2,169|
|At 31 July|2020|||1,258|1,258|
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|Fixed asse|t investments|||
|---|---|---|---|
||||Listed|
||||investments|
|Cost or valuation||||
|At 1 August|2020||486,441|
|Additions|||12,515|
|Valuation
changes|||36,323|
|At 31 July|2021||535,279|
|Carrying
amount||||
|At 31 July|2021||535,279|
|At 31 July|2020||486,441|
|||2021|2020|
|Investments|at fair value comprise:|||
|Equities||535,279|486,441|
##
|Debtors||||
|---|---|---|---|
|||2021|2020|
|Amounts
falling due within one year:||||
|Other debtors||5,535|3,958|
|Prepayments|and accrued income|55,645|36,369|
|||61,180|40,327|
##
|Creditors: amounts
falling due within one year||||
|---|---|---|---|
|||2021|2020|
||Notes|||
|Other taxation and social security||6,075|6,307|
|Deferred income||227,880|224,386|
|Trade creditors||109||
|Accruals||46,494|48,604|
|||280,558|279,297|
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|||2021|2020|
|---|---|---|---|
|Other deferred
income||227,880|224,386|
|||2021|2020|
|Deferred income at|1 August 2020|224,386|223,857|
|Released from previous years||(224,386)|(223,857)|
|Resources deferred|in the period|227,880|224,386|
|Deferred income at|31 July 2021|227,880|224,386|
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||||Movement||Movement||
|---|---|---|---|---|---|---|
||||in funds||in funds||
|||Balance at|Incoming|Balance at|Incoming|Balance at|
|||1August 2019|resources|1August 2020|resources|31July 2021|
|The Donald|Bligh Intellectual||||||
|Exploration|Fund|57,109|56|57,165|56|57,221|
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|20|Analysis of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2021|2021||2020|2020|2020|
|||||||F||F|
||Fund balances at 31||||||||
||July 2021 are||||||||
||represented|by:|||||||
||Intangible
fixed assets||32,918||32,918|37,379||37,379|
||Tangible assets||2,169||2,169|1,258||1,258|
||Investments||535,279||535,279|486,441||486,441|
||Current assets/||||||||
||(liabilities)||859|57,221|58,080|35,628|57,165|92,793|
||||571,225|57,221|628,446|560,706|57,165|617,871|
##
||2021
F|2020f|
|---|---|---|
|Within one year|11,060|132,956|
|Between two and five years||11,060|
||11,060|144,016|
##
||The remune|ration
of key management
personnel
is as|follows.||
|---|---|---|---|---|
||||2021|2020|
||Aggregate|compensation|84,887|83,307|
|23|Contingent|Liabilities|||
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||such amount
as may be required,
not
ceases to be a member.|such amount
as may be required,
not
ceases to be a member.|exce|eding
E1 f|or the debts and
li|abilities
contracted
be|fore he/she|
|---|---|---|---|---|---|---|---|
|25|Cash generated
from operations|||||2021|2020|
||Surplus/(deficit)
for the year|||||10,575|(102,007)|
||Adjustments
for:|||||||
||Investment
income recognised|in statement||of financial|activities|(13,766)|(12,503)|
||Fair value gains and losses on|investments||||(36,323)|12,028|
||Depreciation
and impairment
oftangible||fixed assets|||18,734|1,306|
||Movements
in working
capital:|||||||
||(Increase)/decrease
in debtors|||||(20,853)|21,296|
||(Decrease)
in creditors|||||(2,233)|(34,396)|
||Increase
in deferred
income|||||3,494|529|
||Cash absorbed
by operations|||||(40,372)|(113,747)|
|26|Analysis ofchanges
in net funds|||||||
||The charity
had no debt during|the year.||||||