7
Notes
Amounts in £ thousands
1988
1987 Notes
Amounts in £ thousands
1988
1987
12
15
16
Cancer Research Campaign
14
15 14. Creditors
Grant Advances
590
431
Medical Research Council
115
(amounts
Other Creditors
1540
1685
Leukaemia Research Fund
13
22
Department of Health & Social Security Other Grants
52
falling due
Superannuation Contributions
674
636
Taxation and National Insurance
56
49
within
Contributions
166
331
IGLI
250
86
one year)
2970
3083
(iv) Grants for Laboratory Renovations
The Institute received a grant to upgrade an existing laboratory to a containment laboratory (Category III) for its virology research.
Medical Research Council
8. Legacies and Donations
Legacies
Donations
8
9. Income from
Investments
Listed Investments
6
8
817460 1000+ in 2 00 in 51000+ IN65M-
8
3
1
10. Income from
Property
4
3
3
3
1
I
Fixed Interest Stocks and Loans
Equities and Unit Trusts
Unlisted Investments
Equities and Unit Trusts
Money Market and Other Deposits
An Asset Manager's (or Broker's) Fee is included under the cost of the Secretary's Office.
131
15. General Fund
Balance, 1st April, 1987
7747
8216
Add: Excess of Income over Expenditure
2333
1531
Less: Transferred to Development Fund
Balance, 31st March, 1988
(11)
(2000)
10069
7747
2339 16. Development Fund
2339
51
105
2390
2444
Balance, 1st April, 1987
Add: Investment Income
received in year
Less: Expenditure on
Sutton Development
lale* **
160
382
145
233
920
Transferred from General Fund
Balance, 31st March, 1988
2000
70
(59)
11
2000
2011
2000
The Development Fund was created on 31st March. 1987 to reserve an initial amount of £2m for the building of new laboratories at Sutton. The costs of examining the feasibility of this development are deducted from the fund.
Most of The Institute properties are laboratories. In addition some residential property is owned and used for letting to visiting scientists or students. Full market rents are charged to visiting workers. Students are charged approximately one third of their stipend.
Laboratories
Residential Property
1
41
12
11
13
52
17. Building and (i) Cumulative Expenditure 1st
Fixed
April, 1987 Equipment
Expenditure in year
4966
4532
952
434
5918 4966
Amounts written off to date
5918 4966
11. Income from Inventions
It is The Institute policy to ensure that all its inventions are exploited firstly for the public good and secondly that a fair proportion of any subsequent financial benefits are retained by The Institute. The Institute operates closely with The Royal Marsden Hospital and co-ordinates these activities through the ICR/RMH Joint Committee for Comercial Liaison.
148
78
12. Investments
1988 Market Value
1987 Market Value
Cost
Cost
General Fund
Listed Investments
18. Post Balance
Fixed Interest Stocks
and Loans
771
767
685
685
Equities and Unit Trusts
10305
12715
6945
6255
Unlisted Investments
Equities and Unit Trusts
2289
2312
1898
1898
Money Market and Other
Deposits
3107
2678
3107 2678
Mortgages
1
1
16472 18473
12635
11517
13. Debtors
Grant Debtors
1948
988
Other Debtors
300
132
Taxation
13
33
Prepayments
132
76
Loans falling due over one year
19
19
2412
1248
(ii) Estimated current value (for insurance
purposes as at 1st April 1988)
Freehold and Crown Lands
Long Leaseholds
Short Leaseholds
Equipment and Furniture
4467 4219 3193 3013 4053 3826
11713 11058 13040 10955
24753
22013
The Institute's properties were last valued
in the year ended 31st March 1986 and these values have been increased to take account of inflation in accordance with advice received from our insurance brokers. It is envisaged that the next valuation will take place in the year ending 31st March 1990.
Sheet Events
Institute Funded Research
The Institute has committed £465,000 (1986 £450,000) from its General Fund for research projects over the next three years in the following sections: Medicine £355,000 Epidemiology £60,000 and Biomolecular Structure £50,000.
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