OpenCharities

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2020-12-31-accounts

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Trustees’ Report and Financial Statements for Year Ended 31 December 2020

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE

OPINION

We have audited the financial statements of The Cambridge Crystallographic Data Centre (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 December 2020 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 31

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (CONTINUED)

OTHER INFORMATION

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report including the Strategic Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 32

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (CONTINUED)

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Page 33

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (CONTINUED)

knowledge of actual, suspected and alleged fraud; and

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Page 34

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (CONTINUED)

USE OF OUR REPORT

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jayne Rowe (Senior Statutory Auditor) for and on behalf of

Peters Elworthy & Moore Ch artered Accountants St atutory Auditors Sa lisbury House

St ation Road Ca mbridge C B1 2LA Da te:

Page 35

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME FROM:
Charitable activities
2
Other trading activities
4
Investments
5
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
6
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
BEFORE NET (LOSSES)/GAINS ON
INVESTMENTS
Net gains/(losses) on investments
13
NET INCOME/(EXPENDITURE)
Transfers between funds
18
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement in funds
TOTAL FUNDS CARRIED FORWARD
Unrestricted
funds
2020
£
6,434,079
472,427
131,924
7,038,430
6,446,889
6,446,889
591,541
(31,800)
559,741
(63,453)
496,288
7,049,156
496,288
7,545,444
Restricted
funds
2020
£
129,100
-
-
129,100
182,347
182,347
(53,247)
-
(53,247)
63,453
10,206
13,919
10,206
24,125
Total
funds
2020
£
6,563,179
472,427
131,924
7,167,530
6,629,236
6,629,236
538,294
(31,800)
506,494
-
506,494
7,063,075
506,494
7,569,569
Total
funds
2019
£
6,109,622
288,693
186,058
6,584,373
7,495,242
7,495,242
(910,869)
803,157
(107,712)
-
(107,712)
7,170,787
(107,712)
7,063,075

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 40 to 69 form part of these financial statements.

Page 36

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee) REGISTERED NUMBER: 02155347

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2020

Note
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
Creditors: amounts falling due after more
than one year
16
Provisions for liabilities
17
TOTAL NET ASSETS
CHARITY FUNDS
Restricted funds
18
Unrestricted funds
18
TOTAL FUNDS
2,349,740
3,199,162
5,548,902
(3,768,736)
2020
£
2,024,755
5,924,609
7,949,364
1,780,166
9,729,530
(194,500)
(1,965,461)
7,569,569
24,125
7,545,444
7,569,569
1,786,843
2,038,311
3,825,154
(2,736,298)
2019
£
2,115,609
5,956,409
8,072,018
1,088,856
9,160,874
(21,000)
(2,076,799)
7,063,075
13,919
7,049,156
7,063,075

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Date: ������������ ���������������

The notes on pages 40 to 69 form part of these financial statements.

Page 37

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee) REGISTERED NUMBER: 02155347

CHARITY BALANCE SHEET AS AT 31 DECEMBER 2020

Note
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
Creditors: amounts falling due after more
than one year
16
Provisions for liabilities
17
TOTAL NET ASSETS
CHARITY FUNDS
Restricted funds
18
Unrestricted funds
18
TOTAL FUNDS
2,761,044
2,565,605
5,326,649
(3,838,352)
2020
£
2,023,868
6,088,098
8,111,966
1,488,297
9,600,263
(194,500)
(1,965,461)
7,440,302
24,125
7,416,177
7,440,302
1,826,090
1,693,000
3,519,090
(2,728,384)
2019
£
2,113,375
6,119,898
8,233,273
790,706
9,023,979
(21,000)
(2,076,799)
6,926,180
13,919
6,912,261
6,926,180

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Date: ������������ ���������������

The notes on pages 40 to 69 form part of these financial statements.

Page 38

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities
20
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests and rents from investments
Purchase of tangible fixed assets
12
NET CASH PROVIDED BY INVESTING ACTIVITIES
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR
Cash and cash equivalents at the beginning of the year
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
21
The notes on pages 40 to 69 form part of these financial statements
2020
£
1,071,413
131,924
(42,486)
89,438
1,160,851
2,038,311
3,199,162
2019
£
(277,806)
186,058
(56,825)
129,233
(148,573)
2,186,884
2,038,311

Page 39

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Cambridge Crystallographic Data Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

1.2 COMPANY STATUS

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.3 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 40

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (CONTINUED)

1.4 BASIS OF CONSOLIDATION

The financial statements consolidate the accounts of The Cambridge Crystallographic Data Centre and all of its subsidiary undertakings ('subsidiaries'). The results of the subsidiaries are consolidated on a line by line basis.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements, however, note 18 of the accounts provides the funds movement of the company only.

The company reported a surplus for the period of £514,122 (2019 - deficit of £112,109).

1.5 GOING CONCERN

The Cambridge Crystallographic Data Centre meets its day to day working capital requirements through the cash it holds and generates. The charity undertakes a regular process of reviewing forecasts and projections to ensure that it has adequate resources for its continued operations and can draw on its investment portfolio to support its planned activities if required.

Management have reviewed the impact to date of the global COVID-19 pandemic on the operations of the charity and having considered a number of scenarios and mitigating actions in relation to the potential impact of the virus such that the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for at least 12 months. For this reason, the charity continues to adopt the going concern basis in preparing its financial statements.

1.6 INCOME

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Subscription income is recognised over the period to which it relates, with income being received in advance deferred.

Trading income, consisting of software and consultancy advice is recognised as supplied while maintenance and support services are recognised over the period to which they relate.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank. Dividends are recognised once the dividend had been declared and notification has been received of the dividend due.

1.7 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Page 41

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (CONTINUED)

1.7 EXPENDITURE (CONTINUED)

Charitable activities and governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities based on staff roles and time.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

1.8 TANGIBLE FIXED ASSETS AND DEPRECIATION

All assets costing more than £10,000 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.

The cost of replacing and upgrading scientific computer equipment is written off as maintenance to scientific equipment in the income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.9 INVESTMENTS

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

1.10 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.11 CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 42

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (CONTINUED)

1.12 LIABILITIES

Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within support costs.

1.13 FINANCIAL INSTRUMENTS

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.14 TAXATION

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.15 FOREIGN CURRENCIES

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

Page 43

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (CONTINUED)

1.16 PENSIONS

The Charity participates in the Universities Superannuation Scheme, a defined benefit scheme which is externally funded and contracted out of the State Earnings-related Pension Scheme. The fund is valued every three years by a professionally qualified independent actuary using the projected unit method, the rates of contribution payable being determined by the trustees on the advice of the actuary. In the intervening years, the actuary reviews the progress of the scheme. Pension costs are accounted for over the period during which the Charity benefits from the employees services.

The Charity also participates in the Cambridge University Assistants’ Contributory Pension Scheme (CUACPS) which is a defined benefit scheme. The Charity’s contributions are affected by a surplus or deficiency in the CUACPS but the Charity is unable to identify its share of the underlying assets and liabilities in the Scheme on a consistent and reasonable basis. The Charity therefore accounts for its contributions to the CUACPS as if it were a defined contribution scheme.

1.17 CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Critical areas of judgment:

FRS102 makes the distinction between a group pension plan and a multi-employer pension scheme. A group plan consists of a collection of entities under common control typically with a sponsoring employer. A multi-employer scheme is a scheme for entities not under common control and represents (typically) an industry-wide scheme such as that provided by USS. The accounting for a multi-employer scheme where the employer has entered into an agreement with the scheme that determines how the employer will fund a deficit results in the recognition of a liability for the contributions payable that arise from the agreement (to the extent that they relate to the deficit) and the resulting expense is recognised in profit or loss. The Executive Committee are satisfied that the scheme provided by USS meets the definition of a multi-employer scheme and has therefore recognised the discounted fair value of the contractual contributions under the funding plan in existence at the date of approving the financial statements.

Page 44

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2020
£
Scientific Activity
6,434,079
TOTAL 2019
5,903,798
Restricted
funds
2020
£
129,100
205,824
Total
funds
2020
£
6,563,179
6,109,622
Total
funds
2019
£
6,109,622

Included within the above is a gift in kind, being free subventions amounting to £201,727 (2019 - £328,536).

3. TURNOVER

The whole of the turnover is attributable to the principal activites of the Charity.

A geographical split of turnover is disclosed as follows: United Kingdom 17% (2019 - 16%), Other EU 21% (2019 - 29%) and Rest of the World 62% (2019 - 55%)

4. INCOME FROM TRADING ACTIVITIES

Income from non charitable trading activities

Unrestricted
funds
2020
£
Trading subsidiary sales
472,427
TOTAL 2019
288,693
Total
funds
2020
£
472,427
288,693
Total
funds
2019
£
288,693

The wholly owned trading subsidiary CCDC Services Limited is incorporated in the United Kingdom and pays all of its profits to the charity under a deed of covenant. The summary financial performance of the subsidiary is shown in note 26.

Page 45

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

5. INVESTMENT INCOME

Unrestricted
funds
2020
£
Investment income
116,960
Bank & other interest receivable
14,964
131,924
TOTAL 2019
186,058
Total
funds
2020
£
116,960
14,964
131,924
186,058
Total
funds
2019
£
161,174
24,884
186,058

In 2019, all investment income was unrestricted.

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Scientific Activities
TOTAL 2019
Activities
undertaken
directly
2020
£
5,329,896
6,134,408
Grant
funding of
activities
2020
£
243,337
75,645
Support
costs
2020
£
1,056,003
1,285,189
Total
funds
2020
£
6,629,236
7,495,242
Total
funds
2019
£
7,495,242

In 2019, restricted expenditure amounted to £214,035 and unrestricted expenditure was £7,281,207.

Included within the above direct costs is a gift in kind, being free subventions amounting to £201,727 (2019 - £328,536).

Support costs include £11,493 related to delivering grant funding activities (2019 - £11,836).

Page 46

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7. DIRECT COSTS

Attendance at scientific meetings
Consultants
Difference of foreign exchange
Subvention subsidy
Research and Innovation cost - joint academic research projects
Legal and professional fees
Maintenance of scientific equipment
Production and distribution costs
Recruitment costs
Staff development
Wages and salaries
2020
£
32,116
31,960
61,949
201,727
100,531
578
263,750
96,600
-
36,508
4,504,177
5,329,896
2019
£
247,380
29,684
67,993
328,536
-
2,350
206,555
103,842
87,673
46,019
5,014,376
6,134,408

Page 47

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

8. SUPPORT COSTS

Audit and accountancy
Bad debt expense
Banking costs
Consultants
Depreciation
Difference on Foreign exchange - Support
Finance cost of unwinding of discounting
General expenses
Insurance
IT equipment, software and hardware
Legal and other professional fees
Recruitment costs
Premises costs
Staff development
Telephone and network costs
Wages and salaries
2020
£
36,738
491
2,759
25,736
133,342
(92,030)
(111,338)
37,918
48,649
15,041
25,780
96,502
200,052
13,510
5,832
617,021
1,056,003
2019
£
35,687
167
3,022
37,152
126,798
51,919
34,296
82,158
48,202
9,031
47,572
4,266
254,647
30,100
5,761
514,411
1,285,189

During the year ended 31 December 2020, the company incurred the following Governance costs: Board expenses £NIL (2019 - £24,700) and audit fees £15,325 (2019 - £13,650).

9. ANALYSIS OF GRANTS

Grants
TOTAL 2019
Grants to
Institutions
2020
£
243,337
75,645
Total
funds
2020
£
243,337
75,645
Total
funds
2019
£
75,645

The Group has made the following material grants to institutions during the year:

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

9. ANALYSIS OF GRANTS (CONTINUED)

NAME OF INSTITUTION
University of Oxford
University of Leeds
University of Cambridge
University of Southampton
University of Liverpool
University of Manchester
University of Strathclyde
University of Sheffield
University of Edinburgh
University of Durham
Other immaterial grant costs
2020
£
-
8,000
53,966
-
34,000
-
30,000
30,000
37,874
48,000
1,497
243,337
243,337
2019
£
8,438
32,000
7,500
6,000
7,500
6,667
-
-
-
-
7,540
75,645
75,645

10. NET INCOME/(EXPENDITURE)

2020 2019
£ £
Auditors' remuneration - audit 15,325 13,650
Depreciation of tangible fixed assets:
- owned by the charitable group 133,340 126,866

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

STAFF COSTS, KEY MANAGEMENT PERSONNEL AND TRUSTEES' REMUNERATION AND 11. EXPENSES

Staff costs were as follows:

Group
Group
2020
2019
£
£
Wages and salaries
3,943,208
3,468,821
Social security costs
448,381
389,372
Other pension costs
726,700
1,704,890
5,118,289
5,563,083
The average number of persons employed by the Charity during the year was
Group
Group
2020
2019
No.
No.
Office and Administration
8
8
Technical
69
56
77
64
Charity
2020
£
3,612,868
377,358
693,096
4,683,322
as follows:
Charity
2020
No.
7
65
72
Charity
2019
£
3,160,271
319,095
1,676,902
5,156,268
Charity
2019
No.
8
56
64

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2020 2019
No. No.
In the band £60,001 - £70,000 9 9
In the band £70,001 - £80,000 8 6
In the band £80,001 - £90,000 4 3
In the band £90,001 - £100,000 - 1
In the band £100,001 - £110,000 - 1
In the band £120,001 - £130,000 1 -
In the band £140,001 - £150,000 1 -

The key management personnel of the charity comprise the trustees, the Chief Executive Officer and the Senior Leadership Management Team. No trustees received any remuneration or benefits in kind from the charity (2019 - £NIL). The total employee benefits of the key management personnel, including employers’ NIC and employers pension of the charity were £990,426 (2019 - £1,000,946).

A total of £nil (2019 - £8,386) was reimbursed or paid directly to 0 (2019 - 7) trustees in respect of travel and accommodation costs.

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

12. TANGIBLE FIXED ASSETS

GROUP

COST OR VALUATION
At 1 January 2020
Additions
Disposals
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for the year
On disposals
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
CHARITY
COST OR VALUATION
At 1 January 2020
Additions
Disposals
At 31 December 2020
Long-term
leasehold
property
£
3,950,387
15,868
-
3,966,255
1,996,637
79,034
-
2,075,671
1,890,584
1,953,750
Long-term
leasehold
property
£
3,950,387
15,868
-
3,966,255
Fixtures and
fittings
£
708,894
26,618
(2,915)
732,597
547,035
54,306
(2,915)
598,426
134,171
161,859
Fixtures and
fittings
£
704,842
26,618
(2,915)
728,545
Total
£
4,659,281
42,486
(2,915)
4,698,852
2,543,672
133,340
(2,915)
2,674,097
2,024,755
2,115,609
Total
£
4,655,229
42,486
(2,915)
4,694,800

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

12. TANGIBLE FIXED ASSETS (CONTINUED) CHARITY (CONTINUED)

DEPRECIATION
At 1 January 2020
Charge for the year
On disposals
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
13.
FIXED ASSET INVESTMENTS
Group
COST OR VALUATION
At 1 January 2020
Revaluations
AT 31 DECEMBER 2020
Long-term
leasehold
property
£
1,996,637
79,034
-
2,075,671
1,890,584
1,953,750
Fixtures and
fittings
£
545,217
52,959
(2,915)
595,261
133,284
159,625
Total
£
2,541,854
131,993
(2,915)
2,670,932
2,023,868
2,113,375
Listed
investments
£
5,956,409
(31,800)
5,924,609

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

13. FIXED ASSET INVESTMENTS (CONTINUED)

All the listed fixed asset investments are held in the UK.

All investments are carried at their fair value. Investments in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds, unit trusts and open-ended investment companies are at bid price. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

The Charity does not make use of derivatives and similar complex financial instruments as it takes the view that investments are held for long term growth and annual income.

The Group has no material investment holdings in markets subject to exchange controls or trading restrictions.

Charity
COST OR VALUATION
At 1 January 2020
Revaluations
AT 31 DECEMBER 2020
Investments
in
subsidiary
companies
£
163,489
-
163,489
Listed
investments
£
5,956,409
(31,800)
5,924,609
Total
£
6,119,898
(31,800)
6,088,098

14. DEBTORS

DUE WITHIN ONE YEAR
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
Group
2020
£
2,035,220
-
135,461
179,059
2,349,740
Group
2019
£
1,507,896
-
51,463
227,484
1,786,843
Charity
2020
£
1,899,268
582,851
130,427
148,498
2,761,044
Charity
2019
£
1,330,464
251,462
51,461
192,703
1,826,090

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 January 2020
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 December 2020
Group
2020
£
57,564
-
218,251
160,252
3,332,669
3,768,736
Group
2020
£
2,305,300
3,248,874
(2,305,300)
3,248,874
Group
2019
£
61,754
-
139,274
78,120
2,457,150
2,736,298
Group
2019
£
3,087,601
2,305,300
(3,087,601)
2,305,300
Charity
2020
£
56,839
169,533
175,767
160,252
3,275,961
3,838,352
Charity
2020
£
2,210,436
3,202,083
(2,210,436)
3,202,083
Charity
2019
£
60,714
126,687
112,978
78,120
2,349,885
2,728,384
Charity
2019
£
3,022,601
2,210,436
(3,022,601)
2,210,436

Deferred income relates to subscriptions received in advance.

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Group Charity Charity
2020 2019 2020 2019
£ £ £ £
Other creditors 194,500 21,000 194,500 21,000

Other creditors relate to grant commitments due after more than one year.

17. PROVISIONS

Group and Charity

At 1 January 2020
Additions
Pension
deficit
funding
provision
£
2,076,799
(111,338)
1,965,461

PENSION DEFICIT FUNDING PROVISION

The Charity participates in the University Superannuation Scheme (USS), a multi-employer defined benefit scheme. The charity is making additional contributions to address the funding deficit of the scheme and in accordance with FRS102 provision has been made for the future funding requirement. A discount factor of 0.73% (2019 - 1.68%) has been applied to future contributions and the liability represents the present value of the contributions payable. The provision has been valued using BUFDG – Guidance regarding discount rate for institutions participating in USS.

Page 55

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
18.
STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at 1
January
2020
£
Income
£
Expenditure
£
Transfers
in/out
£
Gains/
(Losses)
£
Balance at
31
December
2020
£
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed Asset Fund
2,115,609
-
-
(90,854)
-
2,024,755
Research and Development Fund
173,406
-
-
-
-
173,406
Scientific Travel Fund
16,011
-
-
(16,011)
-
-
Sponsorship and Outreach Fund
153,326
-
(243,337)
166,011
-
76,000
CSD and Sustainability Fund
100,086
-
-
-
-
100,086
Pension Provision Fund
-
-
-
744,000
-
744,000
2,558,438
-
(243,337)
803,146
-
3,118,247
GENERAL FUNDS
General Funds - all funds
4,490,718
7,038,430
(6,203,552)
(866,599)
(31,800)
4,427,197
TOTAL UNRESTRICTED FUNDS
7,049,156
7,038,430
(6,446,889)
(63,453)
(31,800)
7,545,444
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
18.
STATEMENT OF FUNDS (CONTINUED)
RESTRICTED FUNDS
BBSRC Student grant fund
13,919
29,049
(18,843)
-
-
24,125
DDA Grant
-
77,609
(129,349)
51,740
-
-
DIDCOM Grant
-
16,414
(27,356)
10,942
-
-
BioChem GRAPH
-
6,028
(6,799)
771
-
-
13,919
129,100
(182,347)
63,453
-
24,125
TOTAL OF FUNDS
7,063,075
7,167,530
(6,629,236)
-
(31,800)
7,569,569
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
18.
STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
1 January
2019
£
Income
£
Expenditure
£
Transfers
in/out
£
Gains/
(Losses)
£
Balance at
31
December
2019
£
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed Asset Fund
2,185,650
-
-
(70,041)
-
2,115,609
Research and Development Fund
173,406
-
-
-
-
173,406
Scientific Travel Fund
16,011
-
-
-
-
16,011
Sponsorship and Outreach Fund
225,190
-
(71,864)
-
-
153,326
CSD and Sustainability Fund
100,086
-
-
-
-
100,086
2,700,343
-
(71,864)
(70,041)
-
2,558,438
GENERAL FUNDS
General Funds - all funds
4,408,319
6,378,549
(7,209,343)
73,273
803,157
4,453,955
Foreign Exchange Reserve
46,705
-
-
(9,942)
-
36,763
4,455,024
6,378,549
(7,209,343)
63,331
803,157
4,490,718
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
18.
STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS - PRIOR YEAR (CONTINUED)
Balance at
1 January
2019
£
Income
£
Expenditure
£
Transfers
in/out
£
Gains/
(Losses)
£
Balance at
31
December
2019
£
TOTAL UNRESTRICTED FUNDS
7,155,367
6,378,549
(7,281,207)
(6,710)
803,157
7,049,156
RESTRICTED FUNDS
Client Research Project
4,279
69,570
(73,307)
(542)
-
-
ADDoPT Project
3,243
105,580
(116,075)
7,252
-
-
BBSRC
7,898
30,674
(24,653)
-
-
13,919
15,420
205,824
(214,035)
6,710
-
13,919
TOTAL OF FUNDS
7,170,787
6,584,373
(7,495,242)
-
803,157
7,063,075
2020 £ 3,119,221 4,296,956 24,125 7,440,302 2019 £ 2,558,438 4,353,823 13,919 6,926,180
Gains/ (losses) £ - (31,800) - (31,800) Gains/ (losses) £ - 803,157 - 803,157
Transfers in/out £ 803,146 (866,599) 63,453 - Transfers in/out £ (70,041) 63,331 6,710 -
Expenditure £ (242,363) (6,187,849) (182,347) (6,612,559) Expenditure £ (71,864) (6,398,836) (214,035) (6,684,735)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 18.
STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS - CHARITY ONLY Balance at 1 January
Income
2020 £
£
Designated funds (as detailed above)
2,558,438
-
General funds
4,353,823
7,029,381
Restricted funds (as detailed above)
13,919
129,100
Total
6,926,180
7,158,481
STATEMENT OF FUNDS - CHARITY ONLY - PRIOR YEAR Balance at 1 January
Income
2019 £
£
Designated funds (as detailed above)
2,700,343
-
General funds
4,322,523
5,563,648
Restricted funds (as detailed above)
15,420
205,824
Total
7,038,286
5,769,472

����������������������������������������������������������

THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

. STATEMENT OF FUNDS (CONTINUED)

The purpose of funds above are detailed as follows:

- Fixed Asset Fund: This fund represents the balance of the groups' reserves held as fixed assets. The transfer represents movements to fixed assets in the year.

- Research and Development Fund: This fund finances research activities and makes grants for research where general funds are not available for this purpose.

- Sponsorship and Outreach Fund: This fund supports the cost of funding studentships worldwide.

- CSD and Sustainability Fund: This fund is established to provide support in the event of unexpected legal, legislative or regulatory events which might have a negative effect on the Centre.

- Scientific Travel Fund: This fund meets travel costs of non-staff members furthering the CCDC's objectives. The balance of this fund was transferred into Sponsorship and Outreach Fund to provide support to students worldwide.

- Pension Provision Fund: a designated fund set up to provide provision to cover the deficit in the pension scheme.

Restricted Funds:

- BBSRC: This is a four year training grant funded by the BBSRC for research in global analysis of pharmacophoric space. It covers the period of 1 October 2016 to 30 September 2020.

- DDA Grant: The Digital Design Accelerator Platform is an InnovateUK funded project to develop digital risk assessments for pharmaceutical manufacturing processes. A collaboration between innovators, industry, and academia, this 24 month project is intended to build from recent advances in Digital Design methods. It provides us with industrial direction for research and development into Particle Informatics and the new CSD-Particle Suite. The project started on 1 March 2020.

- BioChemGRAPH: The BioChemGRAPH project aims to establish a collaboration between PDBe, ChEMBL and CCDC to create an easily accessible resource that integrates structural, functional and biochemical annotations of small molecule data into one place. This project will promote interoperability between small molecule resources by implementing common data standards. The project also aims to improve the findability and accessibility of small molecule annotations via uniform data access mechanisms and develop intuitive web components to visualise these valuable data through web interfaces. It will significantly increase the synergies between structural and biochemical data and will lead to increased understanding of the role of small molecules in biological systems and translational research in a number of areas, including synthetic biology, target validation, and drug development. The project started on 2 November 2020 and will last 36 months. BioChemGRAPH was 80% funded by BBSRC, 20% of the costs will be covered by the general fund.

- DIDCOM: The Digital Design of Complex Materials for Formulated Products (DIDCOM-FP) grant was awarded through the UKRI’s Industry Strategy Challenge Fund (ISCF) Manufacturing Made Smarter Challenge. It is a collaborative project with industrial partners, that started in July 2020, centred on materials modelling. Our involvement is focused on solid-liquid equilibria and aims to create a database to enable better solubility prediction and solvent selection tools. This project will last 24 months.

DDA, DIDCOM projects are funded by InnovateUK. However, the grant only covers 60% of the costs. 40% will be funded by the general fund.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT PERIOD

Unrestricted
funds
2020
£
Tangible fixed assets
2,024,755
Fixed asset investments
5,924,609
Current assets
5,524,777
Creditors due within one year
(3,768,736)
Creditors due in more than one year
(194,500)
Provisions for liabilities and charges
(1,965,461)
TOTAL
7,545,444
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD
Unrestricted
funds
2019
£
Tangible fixed assets
2,115,609
Fixed asset investments
5,956,409
Current assets
3,811,235
Creditors due within one year
(2,736,298)
Creditors due in more than one year
(21,000)
Provisions for liabilities and charges
(2,076,799)
TOTAL
7,049,156
Restricted
funds
2020
£
-
-
24,125
-
-
-
24,125
Restricted
funds
2019
£
-
-
13,919
-
-
-
13,919
Total
funds
2020
£
2,024,755
5,924,609
5,548,902
(3,768,736)
(194,500)
(1,965,461)
7,569,569
Total
funds
2019
£
2,115,609
5,956,409
3,825,154
(2,736,298)
(21,000)
(2,076,799)
7,063,075
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
TOTAL

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CHARITY ONLY - CURRENT YEAR

Unrestricted
funds
2020
£
Restricted
funds
2020
£
Total funds
2020
£
Tangible fixed assets 2,023,868 - 2,023,868
Fixed asset investments 6,088,098 - 6,088,098
Current assets 5,302,524 24,125 5,326,649
Creditors due within one year (3,838,352) - (3,838,352)
Creditors due in more than one year (194,500) - (194,500)
Provisions for liabilities and charges (1,965,461) - (1,965,461)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CHARITY ONLY - PRIOR YEAR

Unrestricted
funds
2019
£
Restricted
funds
2019
£
Total funds
2019
£
Tangible fixed assets 2,113,375 - 2,113,375
Fixed asset investments 6,119,898 - 6,119,898
Current assets 3,505,171 13,919 3,519,090
Creditors due within one year (2,728,384) - (2,728,384)
Creditors due in more than one year (21,000) - (21,000)
Provisions for liabilities and charges (2,076,799) - (2,076,799)
Total 6,912,261 13,919 6,926,180

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

20.
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW
ACTIVITIES
Net income/expenditure for the period (as per Statement of Financial
Activities)
ADJUSTMENTS FOR:
Depreciation charges
Gains/(losses) on investments
Dividends, interests and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Movement in provisions
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
21.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
TOTAL CASH AND CASH EQUIVALENTS
22.
ANALYSIS OF CHANGES IN NET DEBT
At 1
January
2020
£
Cash at bank and in hand
2,038,311
2,038,311
FROM OPERATING
Group
Group
2020
2019
£
£
506,494
(107,712)
133,340
126,866
31,800
(803,157)
(131,924)
(186,058)
(562,833)
259,687
1,205,874
(717,320)
(111,338)
1,149,888
1,071,413
(277,806)
Group
Group
2020
2019
£
£
3,199,162
2,038,311
3,199,162
2,038,311
Cash flows
At 31
December
2020
£
£
1,160,851
3,199,162
1,160,851
3,199,162

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

23. PENSION COMMITMENTS

The Group operates a defined benefit pension scheme.

The Charity’s employees belong to two principal pension schemes, the Universities Superannuation Scheme (USS) and the Cambridge University Assistants’ Contributory Pension Scheme (CUACPS). The total pension cost for the period was £726,700 (2019 - £1,704,890).

Universities Superannuation Scheme

The Charity participates in the Universities Superannuation Scheme (USS), a defined benefit scheme which is contracted out of the State Second Pension (S2P). The assets of the scheme are held in a separate fund administered by the trustee, Universities Superannuation Scheme Limited.

The latest available complete actuarial valuation of the Retirement Income Builder is at 31 March 2018 (the valuation date), which was carried out using the projected unit method. A valuation as at 31 March 2020 is underway but not yet complete.

Since the institution cannot identify its share of USS Retirement Income Builder (defined benefit) assets and liabilities, the following disclosures reflect those relevant for those assets and liabilities as a whole. The 2018 valuation was the fifth valuation for the scheme under the scheme-specific funding regime introduced by the Pensions Act 2004, which requires schemes to adopt a statutory funding objective, which is to have sufficient and appropriate assets to cover their technical provisions. At the valuation date, the value of the assets of the scheme was £63.7 billion and the value of the scheme’s technical provisions was £67.3 billion indicating a shortfall of £3.6 billion and a funding ratio of 95%.

The key financial assumptions used in the 2018 valuation are described below. More detail is set out in the Statement of Funding Principles.

Pension increases (CPI) Term dependent rates in line with the difference between the Fixed Interest and Index Linked yield curves, less 1.3% p.a. Discount rate (forward Years 1-10: CPI + 0.14% reducing linearly to CPI – 0.73% rates) Years 11-20: CPI + 2.52% reducing linearly to CPI + 1.55% by year 21 Years 21 +: CPI + 1.55%

The main demographic assumption used relates to the mortality assumptions. These assumptions are based on analysis of the scheme’s experience carried out as part of the 2018 actuarial valuation. The mortality assumptions used in these figures are as follows:

2018 valuation Mortality base table Pre-retirement: 71% of AMC00 (duration 0) for males and 112% of AFC00 (duration 0) for females Post retirement: 97.6% of SAPS S1NMA “light” for males and 102.7% of RFV00 for females Future improvements to mortality CMI_2017 with a smoothing parameter of 8.5 and a long term improvement rate of 1.8% pa for males and 1.6% pa for females

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

23. PENSION COMMITMENTS (CONTINUED)

Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages):

At 31 At 31
December December
2020 2019
% %
Discount rate 2.59 2.44
Pensionable salary growth n/a n/a
Pension increases (CPI) 4.20 2.11

The current life expectancies on retirement at age 65 are:

At 31 At 31
December December
2020 2019
Years Years
Males currently aged 65 (years) 24.4 24.6
Males currently aged 45 (years) 26.3 26.6
Females currently aged 65 (years) 25.9 26.1
Females currently aged 45 (years) 27.7 27.9

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

23. PENSION COMMITMENTS (CONTINUED)

Cambridge University Assistants' Contributory Pension Scheme

The Charity also participates in the Cambridge University Assistants’ Contributory Pension Scheme (CUACPS) which is a defined benefit scheme. The Charity's contributions are affected by a surplus or deficiency in the CUACPS but the Charity is unable to identify its share of the underlying assets and liabilities in the Scheme on a consistent and reasonable basis. The Charity therefore accounts for its contributions to the CUACPS as if it were a defined contribution scheme.

The most recent full actuarial valuation of the CUACPS was carried out as at 31 July 2018 by an independent actuary, Robert Sweet, who is a Fellow of the Institute of Actuaries. He is not an employee or officer of the Charity. The CUACPS is not a closed scheme nor one in which the age profile of the active membership is rising significantly.

The method used in the actuarial valuation as at 31 July 2018 was the Projected Unit funding method. The main assumptions were:

Economic

Discount rate: 5.15% Asset return for Recover Plan: 5.85% Rate of Salary increases: 4.25% Rate of increases in pensions in payment: - RPI max 12%, min 0% 3.25% - RPI max 5%, min 0% 3.15% - CPI max 5%, min 0% 2.25% Rate of increases in pensions in deferment: - GMP 4.25% - Pensions in escess of GMP: - RPI 3.25% - CPI 2.25% Assets & Expenses Valuation of assets: Surrender value of the assets Expenses: - Past service 1.0% of the liability excluding expenses - Future service 0.9% of the Pensionable Salary Pension Protection Fund levies: Included in the future service cost expense

Demographic Rate of mortality: 121% of S2NMA pension mortaility tables for males and 90% of S2NFA pension mortality tables for females. Plus a projection based upon the CMI_2017 model with a long term 1.25% p.a. improvement.

Assumed Age at Retirement: UNI 1 - Active members Males 63, Females 62 - Deferred members Males 61, Females 61 UNI 2 & UNI 3 Males 65, Females 65 Proportion married 85% Age difference Women 3 years younger than their partners

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

23. PENSION COMMITMENTS (CONTINUED)

Value of benefits in respect of service on or before 31 July 2018:

Technical Provisions [a] £742,670,000 Market Value of Scheme Assets [b] £708,068,000 Past Service Surplus/(Deficit) [b-a] £34,602,000 Level of Funding of Past Service Benefit [b]/[a] 95%

The Trustee and the University have agreed that Employer contributions should continue at the current rates. The Trustee and the University have also agreed that the Employer will continue to pay additional contributions of £14,595,000 p.a. from 1 August 2018 to 31 July 2020, which will eliminate the funding shortfall.

The ongoing overall joint contribution rate for future service benefits, ignoring the past service position, is 12.2% of Pensionable Salaries. The split of this rate is shown below:

Pre 2013 Members paying additional contributions under Rule 45.6

Other pre 2013 Members paying

Post 2013 Members

24. RELATED PARTY TRANSACTIONS

In 2020 the following transactions took place between the Charity and its wholly owned subsidiary CCDC Services Limited:

The provision of management services by the Charity to the company of £165,154 (2019: £155,816). The transfer under deed of covenant of the trading profits of CCDC Services Limited to the Charity of £300,063 (2019: £104,929).

In 2020 the following transactions took place between the Charity and its wholly owned subsidiary CCDC Inc:

The provision of a sales office and related services by the company to the Charity of £511,211 (2019: £526,137).

There were no other outstanding balances with related parties as at 31 December 2020 (2019 - £NIL)

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THE CAMBRIDGE CRYSTALLOGRAPHIC DATA CENTRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

25. INVESTMENT IN SUBSIDIARY COMPANIES

The Charity has a wholly owned subsidiary which is incorporated in the UK. CCDC Services Limited provides professional services in relation to digital drug design and manufacture, and advanced training. CCDC Services Limited transfers its taxable profits to The Cambridge Crystallographic Data Centre under a deed of covenant.

The Charity has a wholly owned subsidiary which is incorporated in the USA. CCDC Inc provides a sales office and administrative function for the charity within the US. All turnover in CCDC Inc arises from recharges to The Cambridge Crystallographic Data Centre. Therefore no amounts are disclosed within income from trading activites in the consolidated financial statements.

A summary of the results of CCDC Services Limited is shown in note 26.

26. PRINCIPAL SUBSIDIARIES

The following was a subsidiary undertaking of the Charity:

Name Company Registered office or principal Principal activity number place of business CCDC Services Limited 03483374 12 Union Road, Cambridge, CB2 Provision of 1EZ professional services for digital drug design and manufacture, and advanced training. Class of Holding Included in shares consolidation Ordinary 100% Yes

The financial results of the subsidiary for the year were:

Name Income Expenditure Profit/(Loss) Net assets
£ £ / Surplus/ £
(Deficit) for
the year
£
CCDC Services Limited 472,428 (172,365) 300,036 2,118

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