Cancer Research Campaign Endowment Funds Accounts for the year ended 31st March, 1988
Amounts in £ thousands
Income and Expenditure Accounts for the year ended 31st March
1988
Chair of Medicine
Expenditure-Salaries
Income from Investments
Operating Deficit
Profit on Sale of Investments
Excess of Income over Expenditure
Chair of Epidemiology
Notes
1988
1987
Amounts in £ thousands 1988
1987
1988 1987
Notes to the Accounts
1
1 & 2
3
15
115
96
89
100 1. Income and
Expenditure
(19)
(11)
165
173
The Funds' expenditure together with an equal income has been treated as research expenditure and grant income in the main Income and Expenditure Account on page 17.
146
162
2. Income from (i) Chair of Medicine
Expenditure-Salaries
1
82
61
Income from Investments
1 & 2
106
100
Operating Surplus
Profit on Sale of Investments
Excess of Income over Expenditure
3
24
39
146
165
170
204
Investments
Listed Investments
Fixed Interest Stocks and Loans
5
Equities and Unit Trusts
57
51
Unlisted Investments
Equities and Unit Trusts
31
24
Money Market and Other Deposits
8
9
96
89
(ii) Chair of Epidemiology
Balance Sheet
Chair of Medicine
Listed Investments
as at
Investments
4
1240
1094
Fixed Interest Stocks and Loans
9
31st March 1988
Equities and Unit Trusts
58
50
Unlisted Investments
Represented by: Capital Fund
Accumulated Income Fund
Equities and Unit Trusts
34
25
56
1044
879
196
215
1240
1094
Money Market and Other Deposits
14
16
106
100
Chair of Epidemiology Investments
Represented by:
Capital Fund
Accumulated Income Fund
5 6
1400
1230 3. Appropria-
(i) Chair of Medicine
tions Account
Transferred to Capital Account
165
173
Transferred to Accumulated
1106
960
Income Account
(19)
(11)
294
270
1400
1230
Excess of Income over Expenditure
146
162
(ii) Chair of Epidemiology
Transferred to Capital Account Transferred to Accumulated
146
165
Income Account
24
24
39
Excess of Income over Expenditure
170
204
Kenneth Stowe: Chairman of the Committee of Management Albert Gerrard: Chairman of the Finance and General
Purposes Committee
27th July, 1988
4. Investments
Market Market
Cost
Cost
Value Value
Chair of Medicine
Listed Investments
Equities and Unit Trusts
1455 1527
953
753
Unlisted Investments
Equities and Unit Trusts
335
339
260
260
Money Market and
Other Deposits
27
81
27
81
1817
1947
1240
1094
Chair of Epidemiology
Listed Investments
Equities and Unit Trusts
1576
1551
1033
756
Unlisted Investments
Equities and Unit Trusts
364
368
287
287
Money Market and
Other Deposits
80
187
80
187
2020
2106
1400
1230
5. Capital Funds
The Capital Funds remain the property of the Cancer Research Campaign and represent the original endowment and the profits (or losses) on the realisation of investments.
6. Accumulated
Income Funds
These funds may be expended by The Institute on research work specified within the terms of the Endowments.
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