2021-12-31-accounts - The Drug Safety Research Trust

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			Page
Reference and Admiaistrative	Details
Trustees' Report		2	to	8
Statement ofTrustees' Respoasibilities
Report ofthe Independent Auditors		10	to	13
Statement ofFinancial Activities			14
Statement ofFinancial Position
Statemeat ofCash Flows			16
Notes to the Statement ofCash	Flows		17
Notes to the Financial Statements		18	to	26
Detailed Statetnent ofFinancial	Activities	27	to	28

						31/12/21	31/12/20
				Unrestricted	Restricted	Total	Total
				fuads	fund	funds	funds
			Notes	8		8
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	3,375,220		3,375,220	767,131
Investment income			3	149,016		149,016	111,782
Other income				506,826		506,826	517,181
Total				4,031,062		4,031,062	1,396,094
EXPENDITURE ON
Raising funds			4	21,974		21,974	18,748
Charitable activities
Direct Charitable Expenditure
				2,157,209		2,157,209	1,106,830
Other				596,824	18,780	615,604	509,575
Total				2,776,007	18,780	2,794,787	1,635,153
Net gains on investments				230,072		230,072	193,128
NET INCOME/(EXPENDITURE)				1,485,127	(18,780)	1,466,347	(45,931)
RECONCILIATION	OFFUNDS
Total funds brought forward				8,079,221	490,620	8,569,841	8,615,772
TOTAL FUNDS CARRIED FORWARD				9,564,348	471,840	10,036,188	8,569,841

				31/12/21	31/12/20
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes			g
FIXEDASSETS
Tangible assets	9	22,110	471,840	493,950	518,883
Investments	10	4,224,909		4,224,909	3,419,044
		4,247,019	471,840	4,718,859	3,937,927
CURRENT ASSETS
Debtors	11	344,120		344,120	11,491
Cash at bank		5,104,031		5,104,031	4,691,906
		5,448,151		5,448,151	4,703,397
CREDITORS
Amounts falling due within one year	12	(130,822)		(130,822)	(71,483)
NET CURRENT ASSETS		5,317,329		5,317,329	4,631,914
TOTAL ASSETSLESSCURRENT
LIABILITIES		9,564,348	471,840	10,036,188	8,569,841
NET ASSETS		9,564,348	471,840	10,036,188	8,569,841
FUNDS	13
Unrestricted funds				9,564,348	8,079,221
Restricted funds				471,840	490,620
TOTAL FUNDS				10,036,188	8,569,841

for the Year Ended 31De	cember 202	1
			31/12/21	31/12/20
		Notes		8
Cash flows from operating	activities
Cash generated from operations		I	703,704	(219,881)
Net cash provided by/(used	in) operating activities		703,704	(219,881)
Cash flows from investing	activities
Purchase oftangible fixed assets			(8,614)	(3,971)
Purchase offixed asset investments			(575,793)	(853,669)
Saleoffixed asset investments			230,072	873,932
Interest received			13,304	32,622
Dividends received			49,452	48,125
Net cash (used in)/provided	by investing	activities	(291,579)	97,039
Change in cash aad cash equivalents		in
the reporting period			412,125	(122,842)
Cash and cash equivalents	at the
beginning ofthe reporting	period		4,691,906	4,814,748
Cash aad cash equivalents	at the end	of
the reporting period			5,104,031	4,691,906

for t	be Year Ended 31December	be Year Ended 31December	2021	2021	2021
1.	RECONCILIATION OF		NET INCOME/(EXPENDITURE)			TO NET CASH	FLOW FROM
	OPERATING ACTIVITIES
							31/12/21	31/12/20
							f
	Net income/(expenditure)		for the reportiug		period (asper the
	Statement ofFiaancial Activities)						1,466,347	(45,931)
	Adjustments for:
	Depreciation charges						33,547	43,002
	Gain on investments						(460,144)	(284,693)
	Interest received						(13,304)	(32,622)
	Dividends received						(49,452)	(48,125)
	(Increase)/decrease	in debtors					(332,629)	154,843
	Increase/(decrease)	in creditors					59,339	(6,355)
	Net cash provided	by/(used		in) operations			703,704	(219,881)
2.	ANALYSIS OF CHANGES			IN NET FUNDS
						At I/I/21	Cash flow	At 31/12/21
						g	g	g
	Net cash
	Cash at bank					4,691,906	412,125	5,104,031
						4,691,906	412,125	5,104,031
	Total					4,691,906	412,125	5,104,031

							31/12/21	31/12/20
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					f	f	f	f
	Donations				3,375,220		3,375,220	767,131
3.	INVESTMENT		INCOME
							31/12/21	31/12/20
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					f		f	f
	Gain on disposal		ofinvestment		86,260		86,260	31,035
	Listed income				49,452		49,452	48,125
	Interest received				13,304		13,304	32,622
					149,016		149,016	1l 1,782
4,	RAISING	FUNDS
	Investment	management		costs
							31/12/21	31/12/20
					Uarestricted	Restricted	Total	Total
					funds	funds	funds	funds
					f		f	f
	Fund manager costs				21,974		21,974	18,748
5.	CHARITABLE		ACTIVITIES COSTS
								Direct
								Costsf
	Direct Charitable		Expenditure
								2,157,209
6.	SUPPORT	COSTS
								Governance
								costs
								f
	Other resources		expended					615,604

Support c	osts, included	in the above, are as follows:
			31/12/21	31/12/20
			Other
			resources	Total
			expended	activities
			8	f
Wages			167,080	147,110
Social security			134,680	102,211
Pensions			62,210	48,358
Auditors'	remuneration		11,368	10,723
Rates and	water		10,598	10,659
insurance			17,634	16,432
Light and	heat		16,242	14,383
Telephone	and fax		17,409	6,264
PPS			11,251	933
Sundries			2,880	4,117
Repairs and maintenance			12,085	13,565
StatT training			8,660	169
Staffmedical costs			10,140	9,716
Motor and travel expenses			5,837	8,174
Trustees expenses				34
Computer	costs		12,715	12,955
Subscriptions			30,260	35,115
Bank charges			1,365	952
Marketing	costs		47,063	22,320
Equipment	hire		2,580	2,383
Depreciation oftangible		fixed assets	33,547	43,002
			615,604	509,575

TANGIBLE FIXEDASSE	TS
			Fixtures
	Freehold	Plant aad	arid	Computer
	property	machiaery	fitdngs	System	Totals
		g	f.		g
COST
At 1 January 2021	941,000	161,910	64,784	57,036	1,224,730
Additions		7,030	1,584		8,614
At 31December 2021	941,000	168,940	66,368	57,036	1,233,344
DEPRECIATION
At 1 January 2021	450,380	144,204	55,788	55,475	705,847
Charge for year	18,780	9,199	4,007	1,561	33,547
At 31December 2021	469,160	153,403	59,795	57,036	739,394
NET BOOKVALUE
At 31 December 2021	471,840	15,537	6,573		493,950
At 31 December 2020	490,620	17,706	8,996	1,561	518,883

	Net acquistions	at cost represent	income reinvested	at source in the	at source in the	relevant	funds held.
11.	DEBTORS:AMOUNTS FALLING DUE		WITHIN ONE	YEAR
							31/12/21	31/12/20
							f	f
	Trade debtors						312,686
	Prepayments and accrual income						31,434	11,491
							344,120	11,491
12.	CREDITORS:	AMOUNTS FALLING DUE WITHIN ONE			YEAR
							31/12/21	31/12/20
								f
	Trade creditors						23,881
	Taxation and social security						75,968	41,533
	Other creditors						30,973	29,950
							130,822	71,483
13.	MOVEMENT	IN FUNDS
							Net
							movement	At
					At I/I/21		in funds	31/12/21
								8
	Unrestricted funds
	Unrestricted Fund
					8,079,221	1,485,127		9,564,348
	Restricted funds
	Restricted Fund				490,620		(18,780)	471,840
	TOTAL FUNDS				8,569,841	1,466,347		10,036,188

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	ia funds
				8		8	g
Unrestricted	funds
Unrestricted	Fund
				4,031,062	(2,776,007)	230,072	1,485,127
Restricted funds
Restricted Fund					(18,780)		(1$,7$0)
TOTAL FUNDS				4,031,062	(2,794,787 )	230,072	1,466,347
Comparatives for movemeat			in funds
						Net
						movement	At
					At I/I/20	in funds	31/12/20
					8	8	f
Unrestricted	funds
Unrestricted	Fund
					$,106,372	(27,151)	8,079,221
Restricted funds
Restricted Fund					509,400	(18,780)	490,620
TOTAL FUNDS					8,615,772	(45,931)	8,569,841
Comparative	net movement	in	funds, included	in the above are as follows:
				Incoming	Resources	Gains aad	Moventeat
				resources	expended	losses	in funds
				8			f,
Unrestricted	funds
Unrestricted	Fund
				1,396,094	(1,616,373)	193,128	(27,151)
Restricted funds
Restricted Fund					(18,780)		(18,780)
TOTAL FUNDS				1,396,094	(1,635,153)	193,128	(45,931)

			Net
			movement	At
		At I/I/20	in funds	31/12/21
		f	f	K
Unrestricted	funds
Unrestricted	Fund
		8,106,372	1,457,976	9,564,348
Restricted funds
Restricted Fund		509,400	(37,560)	471,840
TOTAL FUNDS		8,615,772	1,420,416	10,036,188

	Incoming	Resources	Gains and	Movement
	resources f	expended	losses f.	in funds
Unrestricted funds
Unrestricted Fund
	5,427,156	(4,392,380)	423,200	1,457,976
Restricted funds
Restricted Fund		(37,560)		(37,560)
TOTAL FUNDS	5,427,156	(4,429,940)	423,200	1,420,416

for the Year Ended 31D	ecember 2021
		31/12/21	31/12/20f
INCOME AND ENDOWMENTS
Donations and legacies
Donations		3,375,220	767,131
Investment income
Gain on disposal ofinvestment		86,260	31,035
Listed income		49,452	48,125
Interest received		13,304	32,622
		149,016	111,782
Other income
Other income		506,826	517,181
Total incoming resources		4,031,062	1,396,094
EXPENDITURE
Investment management	costs
Fund manager costs		21,974	18,748
Charitable activities
Wages - direct		1,059,361	777,162
General Practitioner costs		149,555	(200)
Other direct costs		948,293	329,868
		2,157,209	1,106,830
Support costs
Governance costs
Wages		167,080	147,110
Social security		134,680	102,211
Pensions		62,210	48,358
Auditors' remuneration		11,368	10,723
Rates and water		10,598	10,659
insurance		17,634	16,432
Light and heat		16,242	14,383
Telephone and fax		17,409	6,264
PPS		11,251	933
Sundries		2,880	4,117
Repairs and maintenance		12,085	13,565
Stafftraining		8,660	169
Staffmedical costs		10,140	9,716
Motor and travel expenses		5,837	8,174
Trustees expenses			34
Computer costs		12,715	12,955
Subscriptions		30,260	35,115
Canied forward		531,049	440,918

for the Year Ended 31D	ecember 2021
		31/12/21f	31/12/20 g
Governance costs
Brought forward		531,049	440,918
Bank charges		1,365	952
Marketing costs		47,063	22,320
Equipment hire		2,580	2,383
Depreciation oftangible	fixed assets	33,547	43,002
		615,604	509,575
Total resources expended		2,794,787	1,635,153
Net income/(expenditure)	before gains and
losses		1,236,275	(239,059)
Net losses on investments
Net gains / losses on investments		230,072	193,128
Net income/(expenditure)		1,466,347	(45,931)