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2022-03-31-accounts

Heywood Rheumatism Research and Development Research and Development Research and Development Iroundation
Legal and a~tive information
President Dr THotherssB
Chairman Profsuor ABHssseH (resigued 14th Sept2021)
Dr ZPaskius (appomted 14th Sept 2021)
Vice Chairman MrsIStevenson
Secretary Mrs1 Brause
Treasurer Mr RA Orossley
lvir JSRewley
Mr DD O'Neill
Mrs H C Duffy
Mr RA Crossley
Charity number
Address of Charity Staft'~ Rheumatology Centre
Hayao cd Hospital
KgbLstte
Burshm
Stokeon-Tusut
ST6JAG
Independent Examiner Hastier Tweddle of
Dean Statham Chartered Accouutauts
29King Street
Newcastle-Under-Lyme
Statfardshhe
ST5 JBR
Bankers Natwcrt Baskpic
2Market Street
Length
Stoke.on-Trent
Staffordshire
ST32HW
Solicitors LLP
The Butmpton
Newcastle-Under-Lyme
Statftrdshire
ST50()W
Investment Advisors Charles Stanley 4CoLtd
55Bishopgate
London
BC2N3AS

Trustem' Report
Independent
Exammer's
Report
Statement ofFhancial Activities
Bahmce Sheet
Statement ofCashflows
Notes tctheF~Statements

President Dr THotherssH
Professor ABHassell(resigned 14th Sept2021)
DrZPaskins (appomtui 14th Sept 2021)
Vice Chairman Mrs KStevenson
Secretary Mrs JBranny
Treasurer MrRA Crossley
MrJSRowley
MrD D O'Neill
Mrs H CDufly
MrRA Ckossley

Unrestricted Total Funds Total Funds
Note Funds 2022 2021
Income
6/77 6,377 11/57
10,000 10,000 38,826
Invesnnent
mcome:
Income &om listed fixed asset mvestments 2 113,562 113,562 91,038
Total income 129,939 129,939 141~1
Expenditure
Costs ofraising funds:
Investment
management
costs 23@12 23,912 20,932
Expenditure
on charitable
activities 3 302,106 302106 195/24
Total expenditure 326,018 326,018 216P56
Net (expenditure)/
income
(196,079) (196,079) (75,035)
Transfers
Transfers between fimds
Net (expenditure)/
income
before
gains and losses on mvestments (196,079) (196,079) (75,035)
Net gams/(losses)
on mvestonmts
(162@24) (162924) 1053877
Net movement
in funds
7 (359,003) (359,003) 978,842
Reconciliation ofPanda
Balances brought
forward
at I April 2021 7 4,191,162 4,191,162 3@12/20
Balances cerned forward at 31March 2022 7 3,832,159 3,832,159 4,191,162

Note 2022 2021
Fixed assets
Investments 3,806,884 4,066,457
Current assets
Debtors
Cash atbank and iu hand
5 4,483
89@76
10,164
121,725
94,459 131,889
Creditors:
amounts falling due within one year 6 69,184 7,184
Net current assets
124,705
Total assets less current habiTitles 3,832,159 4,191,162
Net assets 3,832,159 4,191,162
3,832,159 4,191,162
3,832,159 4,191,162

2022
Note
Net cash generated from
operating
activities
10 (241961) (242,069)
Cash flow from investing activities
Interest snd dividends
Proceoth from sale ofmvestmeuts
Purchase ofmvestments
113462
~25
(545,675)
91,038
383/51
(274,330)
Net change in cash and cash equivalents (31,749) (42,010)
Cash and cash equivalents at1April 2021 121,725 163,735
Cash and cash equivalents at31March 2022 89976 121,725

Not es tothe Accounts fo r the yea r ended 31Marc h 2022
'
3 e
o
Charitable Activities
Reslncted Total Total
Fends 2022 2021
8 8
Costs ofcharitable activities
Grants paid (see detailed schedule below) 289490 289790 187312
PIERcosts 1318 1,318
Video project 4,550
Website design 2400 2/00
Frontiine dance 417 417 750
Tai chi classes 733 733
Versus
rthritis
5,518 5,518
Jayex digital signage 486 486 486
Support costs
Accountancy
fees
1,920 1,920 1,919
Sundry expanses 224 224 307
302,106 302,106 195/24
Grants Payable
Total Total
2022 2021
Payroll grants
Keele University 172,409 172,409 131+90
UHNMT 5,164 5,164 18,120
Other
Keele University research 73,717 73,717
Beth Johnson Foundation 38,000 38,000 37,902
Total grant paid 289/90 289@90 187312

a~
2022 2021
Cost orvaluation
Market value at 1April
Additions
atcost
Disposal proceeds
Realised gains/(losses)
Unreslised
gains/(losses)
2021
on disposals
on revaluations
4,066,457
545,675
(642325)
(4,452)
(158,471)
3,121,601
274830
(383351)
76,737
977,140
Market value at 31March 2022 3,806,884 4,066,457
2021
Portfolio valuation
-Securities 3,806,884 4,066,457
3,806,884 4,066,457
Realised gains on disposah
2021
f,
value ofdispose
Disposal proceeds
646,777
(642325)
306,614
(383,351)
Net realised gates/(losses) (4,452) 76,737

ebtors
2021
Prepayments
and Accrued income
Prepaid expenses
Charles Stanley accrued mterest
Legacy
4,483 4,483
3,181
2,500
4,483 10,164

2021
Net movement
m funds
(359,003) 978,842
investment
mcome
(113/62) (91,038)
Lossesl(gams)
on mvestm(mts
162924 (1,053,877)
Decrease/(mcrease)
in debtors
5,680 (2,597)
Increase/(decrease)
in creditors
62,000 (73/99)
Net cash used in operating activities (241961) (242,069)