DOCUMENT

32 | NEUROLOGICAL FOUNDATION 3. EMPLOYEE ENTITLEMENT LIABILITY Note 2020 2019 Opening balance 46,741 23,918 Plus: Additional provisions in the current year 24,567 91,800 Less: Amounts used in the current year (31,236) (68,977) BALANCE AT 31 MARCH 40,072 46,741 4. POST-EMPLOYMENT BENEFITS Defined contribution plans 31,660 21,445 TOTAL POST-EMPLOYMENT BENEFITS 31,660 21,445 The amount recognised as an expense for defined contribution plans relates to KiwiSaver employer contributions. 5. RESEARCH GRANT FUND Opening Balance - - Appropriation from accumulated surplus 4,116,537 6,062,605 Less: Grants and sponsored research approved (4,078,446) (6,770,443) Add: Grants expired (38,091) 707,838 BALANCE AT 31 MARCH - - 6. GRANTS AND SPONSORED RESEARCH LIABILITY Note 2020 2019 Opening Balance 9,044,396 6,408,176 Add: Grants and sponsored research approved 4,078,446 6,770,443 Less: Grants expired 38,091 (707,838) Less: Grants distributed (3,849,695) (3,426,385) BALANCE AT 31 MARCH 9,311,238 9,044,396 Current 7,604,903 6,475,786 Non Current 1,706,335 2,568,610 BALANCE AT 31 MARCH 9,311,238 9,044,396 The Scientific Advisory Committee (SAC) has responsibility for making recommendations to the National Council on the allocation of research grants and, effective November 2019, the Personal Awards Committee (PAC) has responsibility for making recommendations to the National Council on the allocation of Fellowships, Scholarships and Summer Studentships. The final decision on the allocation of grants lies with the National Council of the Neurological Foundation. Due to the nature of the neurological scientific community in New Zealand it is not unusual for individual members of the SAC, PAC and/or Council to also be applicants for grants from the Foundation. The selection of Committee members for SAC and PAC is also selected to reduce or remove any direct, known conflicts of interest. In the event of any potential conflict of interest members of the SAC and/or PAC are removed from the decision making process. The Foundation have appropriate policies in place to ensure that any applicants, close research collaborators or any others who perceive they may have a conflict of interest must leave the room during deliberation and voting. A schedule of grants associated with Council, SAC and/or PAC members is set out in Note 15.