2022-12-31-accounts - The Drug Safety Research Trust

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Refereace and Administrative		Details
Trustees' Report			2	to	9
Statement ofTrustees'	Responsibilities			10
Report ofthe Indepeadent Auditors			11	to	14
Statement ofFinancial	Activities			15
Statement ofFinancial	Position			16
Statement ofCash Flows				17
Notes to the Statement	ofCash	Flows		18
Notes to the Fiaancial	Statements		19	to	27
Detailed Statement of	Financial	Activities	28	to	29

							31/12/22	31/12/21
					Unrestricted	Restricted	Total	Total
					funds	fuad	funds	funds
				Notes		8	f	8
INCOME AND ENDOWMENTS			FROM
Donations and legacies				2	1,063,010		1,063,010	3,375,220
Investment income				3	132,385		132,385	149,016
Other income					713,303		713,303	506,826
Total					1,908,698		1,908,698	4,031,062
EXPENDITURE	ON
Raising funds					23,364		23,364	21,974
Charitable activities
Direct Charitable Expenditure
					1,994,174	18,780	2,012,954	2,157,209
Other					647,027		647,027	615,604
Total					2,664,565	18,780	2,683,345	2,794,787
Net gains/(losses)	on investments				(494,633)		(494,633)	230,072
NET INCOME/(EXPENDITURE)					(1,250,500)	(18,780)	(1,269,280)	1,466,347
RECONCILIATION		OFFUNDS
Total funds bmught forward					9,564,348	471,840	10,036,188	8,569,841
TOTAL FUNDS	CARRIED FORWARD				8,313,848	453,060	8,766,908	10,036,188

				31/12/22	31/12/21
		Unrestricted	Restricted	Total	Total
	Notes	funds f	fund f	funds f	fundsf
FIXEDASSETS
Tangible assets	9	19,980	453,060	473,040	493,950
Investments	10	3,831,919		3,831,919	4,224,909
		3,851,899	453,060	4,304,959	4,718,859
CURRENT ASSETS
Debtors	11	235,427		235,427	344,120
Cash at bank		4,348,571		4,348,571	5,104,031
		4,583,998		4,583,998	5,448,151
CREDITORS
Amounts falling due within one year	12	(122,049)		(122,049)	(130,822)
NET CURRENT ASSETS		4,461,949		4,461,949	5,317,329
TOTAL ASSETSLESSCURRENT
LIABILITIES		8,313,848	453,060	8,766,908	10,036,188
NET ASSETS		8,313,848	453,060	8,766,908	10,036,188
FUNDS	13
Unrestricted funds				8,313,848	9,564,348
Restricted funds				453,060	471,840
TOTAL FUNDS				8,766,908	10,036,188

for the Year Ended 31D	e	cember 202	2
				31/12/22	31/12/21
			Notes	8	8
Cash flows from operating		activities
Cash generated fiom operations				(240,785)	703,704
Net cash (used in)/provided		by operating activities		(240,785)	703,704
Cash flows from investing		activities
Purchase oftangible fixed	assets			(9,429)	(8,614)
Purchase offixed asset investments				(101,643)	(575,793)
Sale offixed asset investments				(494,633)	230,072
Interest received				27,364	13,304
Dividends received				63,666	49,452
Net cash used in investing	activities			(514,675)	(291,579)
Chaage in cash and cash	equivalents		in the
reporting period				(755,460)	412,125
Cash and cash equivaleats		at the beginning
ofthe reporting period				5,104,031	4,691,906
Cash and cash equivaleats		atthe end	ofthe
reportiag period				4,348,571	5,104,031

Year Ended 31Decem	Year Ended 31Decem	ber	2022	2022
RECONCILIATION		OF	NET (EXPENDITURE)/INCOME		TO NET CASH	FLOW FROM OPERATING
ACTIVITIES
						31/12/22	31/12/21
						f	8
Net (expenditure)/income			for the reporting period (as per the		Statement
ofFinaacial Activities)						(1,269,280)	1,466,347
Adjushnents for:
Depreciation charges						30,339	33,547
Losses/(gain) on investments						989,266	(460,144)
Interest received						(27,364)	(13,304)
Dividends received						(63,666)	(49,452)
Decrease/(increase)	in debtors					108,693	(332,629)
(Decrease)/increase	in creditors					(8,773)	59,339
Net cash (used in)/provided				by operations		(240,785)	703,704
ANALYSIS OF CHANGES				IN NET FUNDS
					At I/I/22f	Cash flow f	At 31/12/22
Net cash
Cash at bank					5,104,031	(755,460)	4,348,571
					5,104,031	(755,460)	4,348,571
Total					5,104,031	(755,460)	4,348,571

DONATIONS AND LEGACIES
			31/12/22	31/12/21
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	8	8		8
Donations	1,063,010		1,063,010	3,375,220
INVESTMENT INCOME
			31/12/22	31/12/21
	Unrestricted	Restricted	Total	Total
	fundsf	funds 8	funds	fuads f
Gain on disposal ofinvestment	41,355		41,355	86,260
Listed income	63,666		63,666	49,452
Interest received	27,364		27,364	13,304
	132,385		132,385	149,016

					31/12/22	31/12/21
			Unrestricted	Restricted	Total	Total
			funds	funds	flinda	funds
			g			8
Fund	manager	costs	23,364		23,364	21,974

				Governance
				costs
				g
Other resources expended				647,027
Support costs, included		in the above, are as follows:
			31/12/22	31/12/21
			Other
			resources	Total
			expended f	activities g
Wages			169,322	167,080
Social security			154,469	134,680
Pensions			65,396	62,210
Auditors'	remuneration		10,773	11,368
Rates and	water		10,559	10,598
Insurance			19,718	17,634
Light and	heat		22,597	16,242
Telephone	and fax		8,627	17,409
PPS			3,740	11,251
Sundries			3,284	2,880
Repairs and maintenance			12,718	12,085
Staff training				8,660
Staffmedical costs			11,080	10,140
Motor and travel expenses			18,690	5,837
Computer	costs		15,567	12,715
Subscriptions			49,861	30,260
Bmk charges			1,376	1,365
Marketing	costs		35,690	47,063
Equipment	hire		3,221	2,580
Depreciation oftangible		fixed assets	30,339	33,547
			647,027	615,604

				2022	2021
6230,001 - 6300,000				I
8220,001 - 6230,000					I
860,001 - 870,000				5	1
TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Plant and	and	Computer
	property 8	machinery f	fittings	system	Totals
COST
At 1 January 2022	941,000	168,940	66,368	57,036	1,233,344
Additions		9,429			9,429
At 31December 2022	941,000	178,369	66,368	57,036	1,242,773
DEPRECIATION
At 1 January 2022	469,160	153,403	59,795	57,036	739,394
Charge for year	18,780	9,036	2,523		30,339
At 31December 2022	487,940	162,439	62,318	57,036	769,733
NET BOOKVALUE
At 31December 2022	453,060	15,930	4,050		473,040
At 31December 2021	471,840	15,537	6,573		493,950

		Listed
		investments
		8
MARKET VALUE
At 1 January 2022		4,224.909
Additions		101,643
Revaluations		(494,633)
At 31December 2022		3,831,919
NET BOOKVALUE
At 31December 2022		3,831,919
At 31December 2021		4,224,909
There were no investment	assets outside the UK.

DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
		31/12/22	31/12/21
		f	8
Trade debtors		202,409	312,686
Prepayments	and accrued income	33,018	31,434
		235,427	344,120

for th	e Year Ended 31December 2022	e Year Ended 31December 2022
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE		YEAR
				31/12/22	31/12/21
				8	f
	Trade creditors			27,647	23,881
	Taxatiou and social security			48,103	75,968
	Other creditors			46,299	30,973
				122,049	130,822
13.	MOVEMENT IN FUNDS
				Net
				movement	At
			At I/I/22	in funds	31/12/22
			f
	Unrestricted funds
	Unrestricted Fund
			9,564,348	(1,250,500)	8,313,848
	Restricted funds
	Restricted Fund		471,840	(18,780)	453,060
	TOTALFUNDS		10,036,188	(1,269,280)	8,766,908
	Net movement in funds, included	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses 8	in funds f
	Unrestricted funds
	Unrestricted Fund
		1,908,698	(2,664,565)	(494,633)	(1,250,500)
	Restricted funds
	Restricted Fund		(18,780)		(18,780)
	TOTAL FUNDS	1,908,698	(2,683,345)	(494,633)	(1,269,280)

					Net
					movement	At
				At I/I/21	in funds	31/12/21
				f	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
Comparative	net movement	in funds, included	in the above are as	follows:
			Incoming	Resources	Gains and	Movement
			resources	expended f	losses	in funds 8
Unrestricted	funds
Unrestricted	Fund
			4,031,062	(2,776,007)	230,072	1,485,127
Restricted funds
Restricted Fund				(18,780)		(18,780)
TOTAL FUNDS			4,031,062	(2,794,787)	230,072	1,466,347

for the Year En	ded	31D	ecember 2022
				31/12/22f	31/12/21
INCOME AND	ENDOWMENTS
Donations and legacies
Donations				I 063010	3375220
Investment income
Gain on disposal	ofinvestment			41,355	86,260
Listed income				63,666	49,452
Interest received				27,364	13,304
				132,385	149,016
Other income
Other income				713,303	506,826
Total incoming	resources			1,908,698	4,031,062
EXPENDITURE
Investment management			costs
Fund manager costs				23,364	21,974
Charitable activities
Wages - direct				1,161,761	1,059,361
General Practitioner		costs		51,932	149,555
Other direct costs				799,261	948,293
				2,012,954	2,157,209
Support costs
Governance costs
Wages				169,322	167,080
Socialsecurity				154,469	134,680
Pensions				65,396	62,210
Auditors' remuneration				10,773	11,368
Rates and water				10,559	10,598
Insurance				19,718	17,634
Light and heat				22,597	16,242
Telephone and	fax			8,627	17,409
PPS				3,740	11,251
Sundries				3,284	2,880
Repairs and maintenance				12,718	12,085
Stafftraining					8,660
Carried forward				481,203	472,097

for the Year Ended 31De	cember 2022
		31/12/22f	31/12/21f
Governance costs
Brought forward		481,203	472,097
Staffmedical costs		11,080	10,140
Motor and travel expenses		18,690	5,837
Computer costs		15,567	12,715
Subscriptions		49,861	30,260
Bank charges		1,376	1,365
Marketing costs		35,690	47,063
Equipment hire		3,221	2,580
Depreciation oftangible fixed assets		30,339	33,547
		647,027	615,604
Total resources expended		2,683,345	2,794,787
Net (expenditure)/income	before gains and
losses		(774,647)	1,236,275
Net losses on investments
Net gains / losses on investments		(494,633)	230,072
Net (expeaditure)/income		(1,269,280)	1,466,347