Company Registered Number: 02685083
Charity Registered Number {England & Wales): 1009671
NATIONAL ECZEMA SOCIETY
(A Company Llmlted by Guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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COMPANIES H¢￿SE

NATIONAL ECZEMA SOCIETY
IA Company Llmited by Guarantee)
CONTENTS
Page
Reference and Administrati¥• Details of th• Charity. its Truste•s and Advis•rs
Trustees. Report
2-11
Statwn¢nt of Trustee5' Re5pon5ibilitie5
12
Independent Exarnlnevs Report
13-14
Con$¢lidated Statement of Financial Pxtivities
15
Cons¢lidated Balance Sheet
16-17
Charity Balancè Shggt
18-19
Consolldated Statement of Cash Flows
20
Notss to the Flnanclal Statements
21-46

NATIONAL ECZEMA SOCIETY
IA Company Llmlted by Guarantee}
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARrrY. rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Truste¢$
Edwa￿ Dawes QC. Chair {resign8d 19 May 2022)
Ellen WIn￿nI. Chair
Stephen Pugh, Treasurer (appointed to Chair 19 May 2022. resigned as Treasurer
19 May20221
Catherine Escott
m￿de Johnston
Hannah Kuntik (appointed 16 Marth 2022)
Or Simon Lovegrove {apptynted 16 March 2022)
Professor Cdia Mo55 OBE
Bharat Pa￿a (appointed 16 March 2022)
James Pilayanukul lapp)inled to Treasurer 19 May 2022)
Hedwig Vollers (appointed 16 March 2022)
Suzanne Watson
Company re9islered
number
02685083
Charity reglstered
numb•r
1009671
Rfjglslergd offi¢•
11 Murray Street
L￿￿On
NW1 9RE
Chl•f execu￿¥• offl¢er & Andrew PrcKI
Company secretary
Independent Examiner
MHA Maclntyre Hudson
Chartered AcCO￿Lints
6th Floor
2 London Wall Place
London
EC2Y SAU
Principal Bankers
CAF Bank Ltd
National Westminster Bank plc
BardayE Bank plc
Status and Goveming
Document
National Eczema Soaety is a dwritsble company, limited by guarantsg. It was
ir￿0[pOrated on 6 February 1992 and ￿gIStered as a clwnty on 10 March 1992. It
is govemed by its Artides of A5soLiatiOn.
Subsidiary Companies
Eczema Trading Linwted
Page 1

NATIONAL ECZEMA SOCIErY
{A Company Limited by Guarantee
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their amual report tcgelhet with the finanaal statements of the Group and the
Charity for Ihe year 1 January 2021 to 31 December 2021. The trustees confirm that the Annual Report
and financial statements of the company wmply wilh the current statutory requirements, the
requirements of the companys goveming document and the provisions of the Statement of
Recommended Pradice ISORPI. ap￿1¢able to charities preparing their accounts in aecordance with
the Financi81 Reports"ng StarKlard applicable in the UK arKI Republic of Ireland IFRS 102). Since the
Charity and the Group qualifies as small under section 383. the Sirategic report required of medium and
large companies under The Companies Acl 2006 (Strategic Report and Directorfs Report) Regulations
2013 is not required.
Pvrpos• and alms
National Eczema Society was ests￿l$hed in 197510 support people wih eczema and their faM￿leS and
lo work on their behaw. We rernain dedicated to these founding principles and today we continue to help
people across the UK with evideno-based information and advbce about eczema and its management.
We deliver this in various ways through our website. weknnars. instnr¢tional videos. social media
channels, publi01￿nS and nUr￿sUppOrted Helpline. We also provwje a cdlective votce for pe¢)ple with
eczema. to infom researth and influence heallh Wicy lo improve eczema care, and raise greater
awareness and understandiro of the ￿rKI1￿¢)n amor¥J people affected by eczema and the WKJer public.
The prevalence of eczema has increased over recent decades. arKI around one n five children arKI one
in ten adults are now impacted by this lrfe-challengin9 condition in the UK. While the reasons for the
increase are not fully understoc*J. il does mean Ihe charity's services are needed more than ever. Our
SLrpport has been especially valuable for many dvring the Coronavns pandemic. when aecess lo
healthcare was more dI￿￿ulL for many. There is as yel no cure for ￿Zema and. unless you have the
ndilion. it can be hard to imagine the daity challenge ol INing with relenuess itchiThJ and inflamed.
painful skin. Many heallhcare professionals have limited demialology training and timely access lo
specialist dem)alology heatthcare for pe¢Jple vmh eczema can often be drffiujll. National Eczema
Society aims lo provide the infomwbon and support needed for people to self-manage their eczema
effectively. lo become experts in their own care. learn from the experiences of others. and provide the
reassurance of knowng they are not on their own.
Ensurlng our work delivers our charitable aims
We review our activities each year and monitor the impact of our work lo ensure we continue lo fulfil
our purpose of supporting peop￿ affected by ec28ma. Among othèr ways, w8 assess the Society's
performance and ach￿vements through the number of peO￿e we have helped wilh information and
advice, and the quality and consistency of the resources we provide.
We consider how planned aCtiV￿"e$ wll ¢ontn"bute to the aims and objectives we have sel, and in doing
this we have referred lo the Charty Commissw)n'$ general guidance on public benefit We have had
regard to the legislative and regU￿try requirements for disckssing how our charitable obiectives have
provided such benefit. and wnpiied ¥￿1h the duty set out in section 4 of the Charities Act 2011.
2021 Activlty and achSevem•nts- dellverlThg publi¢ benefit
l our charitable activities focus on supp)rting people affecled by eczema and championing their
needs. and further our charrtable purposes for the publ￿ benefit. Here we pyesenl a summary of the
Society's work over the year.
Page 2

NATIONAL ECZEMA SOCIETY
{A Company Llmltèd by Guarants•l
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Impact of Coronavlrus pandemlc
The Society's plans ffi 2021 reflected the oryoing impact oflhe Coronavirus pandemic and importan
of effective ￿rnOte working and serV￿e delNery. Once again. great credit and thanks are due to the
staff team, trustees. volunteers and suppliers who worked so hard over the year to maintain the
Sou'ety's services and operatK)ns in thallenging circumstarw.
The Society now operates 8 hybr￿ we*king model. first introduced at the stsrt of the pandemi¢, and this
will continue. Like many organisations. we moved to virtual meetings in response to the pandemic and
held our second AGM. in September 2021. using the vhleoconferenctng pkttorm Zoom. Trustee Board
meetings are now hybrid. wilh t￿th in peTSM and vith•al attentjance supported.
We took the difficult d￿l$lOn not to organise any face-to-face events again during 2021. rellecling the
ongoing challenges of Covid restrict￿$. The Swevs Helpline, websf(e and wcial media
communications continued operating as usual throughout the year. Coronavirus also affected some of
our fundraising activity. nolabty thallenge events and community fvndraising. We are graleful to our
members and supporters fc￿ being so generous with Ihesr donatK)ns durirvj the year. at a time of
conlinued uncertsinty.
D•llvorlng Inlomiatlon and advlc• for peopl• living with e¢zema
The Society continue5 to provKle a V•ide range of high quality. evidenc&based information and advice
about eczema and its managomgnt for people with the condrfion arwj thgir famil￿$.
Our eczema Helpline is at the heart of the Society's work. enabling the charity io provide the
perstThlised independent adw¢e and reassurance needed by people strugglin9 lo ¢ope with eczema
vtherever they live in the UK. We receive around 1.600 lelephone, email and message enquiries a year
from pa￿nts of Children with eczema and aduks living with Ihe condition. These cover o wide range of
questions absyJt eczema symptoms and trealmenls. from the latest biologic drug5 to eczem3-friendly
clothing. We offer a demiatology nurse call4*ack service for Peop￿ who have more ccmmplex enquiries.
and around 40¥0 of Callers are helped by one of our experienced dermatdogy nurse advisers. Our
Helpline is available free of tharge to anyone affected by eczema in the UK who needs our supporL
Aongside our Helpline. the Soctety [￿OduceS a wide range of patient inf0m)at￿l booklets and
factsheels about eczema management and treatment, available online and in print. We distribule
prinled copies at events the charity Organ￿e5 and altends. and we prowde(l over 12.000 copies of our
printed publications to healthcare professh)nals ¢Juring the year. for onward distribution to patients in
h05pilal demiatology dinics and other healthcare settings.
National Eczema Swety fadsheets ard bcK)klets are updated regularfy on a rolling ￿VIeW cyde and
¢he¢ked by heallhcare professKJnals to ensure the infom)ation is accurate and uptO&date. We updated
and reprinted a number of publications over the year. including our Itching and Scratching bc¥)klet.
Paste Bandages anil Wet Wraps b¢￿klet and ChildhoctyJ Atoptc Eczema gukye.
We continue to raise awarenes5 of local volunleer4ed pat*nt Sup￿1 groups. ty providing information
and a presence for these groups on the Society's websrte. Unfortunately. because of ongoing Covid
restridions, the infomiation tslk planned by the sOc￿ty.$ Wesl Surrey and North-East Hampshire
Support Group had to be postponed again. where Dr George Monuieff was due to speak about the
causes ol eczema arKI latest thinkiThJ on eczema eare.
Page 3

NATIONAL ECZEPIA SOCIETY
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2021
We publish all our eczema Informati￿ on the Society's website, wh￿h received over 1.3 million visits
during the year. antj we promote health advice messages through ijur sock41 media charbnels. media
engagement and other extemal communications. This year we launthed 8 series of popular webinars
for people affecled by eczema and their families, on various eczema management topbcs, and
ordings olthese are available lo view (M) the Society's Y¢)uTub8 pagg.
NES m•mb•rshlp sch•me
National Eczema SOc￿ty is a membership organisation and we are very grateful lo our 2,300 members
who 5UPPOrt the Society through their annual membeF5hip fee and addilN)nal donations. Members
receive our quarterly magazine Exchange. which features exp¢rt information and news about eczema.
Mambers are also encouraged to attend Ihe &xiety's Annual General Me8ting and contribute their
ideas on the running of the charity. As in previous years. support for our tharity extends far beyond our
membership and we remain grateful to all our domrs. and to those members who continue lo support
us financially even though they no h)n9er have any Perso￿ need of our help.
Representing patient views
As a national patient organisalion for people eczema. Ihe &xiety plays a leading role in providing
collective voice to champion the needs of those affeded ty the condition. We seek lo improve health
outeomes for people ￿￿th eczema by influencing health policy and participating in groups like the All
Party Parliamentary Group ￿ Skin (APPGS) and working with professional bodies like the British
Association of Dermatologists. As a ￿￿mber of Ihe steering group. we contrsbuled lo the major NHS
England Dermatology Outpatient Transfomwtion Programme. which developed a range of new
guidanee lo help dermatology heahhcare providers meet the challenges of responding to the disruption
to servi¢es ¢aused by Covid_ This covered are85 like leledem)atology and wailing lists. We also worked
to raise awareness of the need for better understanding and representation in dermatolo9y for people
with skin of colour.
Reflecting the growng patient interest and awareness of the effects of topral steroid medication,
and concerns abcwJl t¢)pul steroid withdrawal. the Socyety worked with the British Association of
Dermatologists to develop a Po￿11)n statement on topical 51eroid withdrawal. Among other things, in
the ststemenl we sought to darify the various terms LFsed to describe topical stgfoid wthdrawal and the
different reactkjns peOe mwJht experience when stopping using topical steroid Ireatrnents. Topical
steroid withdrawal is complex and research into the causes, symptoms and treatsnents is limited.
Nattonal Ec2ema Soo'ety wants to see more ￿searCh in this area. One of the challenges is that the
symptoms people experience when stopping using twcal slerohds can appear similar lo those of poorly
controlled eczema. These symptorrts can be very painfvl and distressing. The Society is emphasising
the importance of using lopical steroid treatments safely and effectively, and among other things is
calling for clearer labelling of topical sleroKls to show lhe￿ polerrylstrervJth.
We continued lo grow our organisaknon81 eaparjty lo supw)rt patient invofvement in shaping research.
NES is approached regularty by researchers seeking patient views and lo leam from patient
experiences. It is so encouraging to see such a range of research underway and new treatments in the
pipeline, following a IcM)g peri￿1 when e¢2ema was largely overlooked. The Society is actively
supporting eczema research by participating in study steering groups. providing patient perspectives
for research tlla15, and working with universities and companies that a￿ assessing and devebping new
drug treatments. We do this to help ensure eczema researth has the greatest chance of suc(*ss in
finding new treatrnents and ultimatety a cure.
Page 4

NATIONAL ECZEMA SOCIETY
IA Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
We also provide a patient perspective lo dinical 9uideline devek)pment. Ihe assessment of new
treatrnents. and policy wnsullati¢)ns. We contributed to the assessment by the National Institute of
Health and Care Excellence (NICE) and the Scottish Medicines consorbum ISMCI of a new eczema
drug Car￿ baricitinib. which was apwoved for use by the NHS in 2021. This inlended for aduts with
moderate to Seve￿ eczema. Bariciknnib is a type of drug known as a Janus kinase IJAKI inhibitor and
it wort¢s in a drfferent vrdy lo other immunosuppressant and b￿91¢ drugs ¢urrenUy used to treat
eczema. As eczema affects people in different ways. it 15 important that we have a range of treatment
options to help ensure people c8n awss a treatrnent that works effectivety for them. During the year,
we contributed a patient persWe and evidence io olher NICE and SMC ￿vIews, induding
assessment of several other new drugs for eczema. induding a new ts'obgic treatment called
tralokinumab and hyo JAK-inhititcf drugs ialled upadacitsnib and abrocifinib.
11 is disappointing that efforts to press NHS England and NHS Irrprovemenl to darify their prescribing
guidance on om(Jlients for people with eczema has not yet been fulty realised. The current guidance Is
confusing and does not make it suffi¢ienUy clear Ihat GPS can - and should - tXes￿lbe leave-on
emollients for people wrth lon*lem inllammatory condibons. including eczema. We wll continue
working with other dermatology organisations. led by the Dermatology Council of England and British
Association of Demialologists, lo press forthe agreed ￿￿"￿¢a￿.0n guidance to Oe issued lo prescribers
and commis5*)ner5.
In olher inlluencing aclivity. thè Soci8ty continues to work with the Medipnes and Healthcare Products
Regulatory Agency IMHRAI to suppori the Agency's communution Programme to raise awareness of
ffire risks of emollients. Emoll*nt pa<*a9ing now comes with ffi￿ waming labels. Emollients are not
fiammable in themselves. or when Ihey are on the skin. Hcrwever. if bedding, ¢bthing or dressings
containing dried emollient resKJue catches fre <fr(*n a naked fiame). they bum more ¢wlckly and
intensely.
In O¢lober, the S¢xiety awarded a £10.000 grant for an important new research study, to Inveslwjate
the impact of sleep disturbance on children wth eczema and Iheir families. It is the first time the charity
has directly fvnded eczema research for some years and we are considering knnding more studies in
fLrture. Many children experience disturfoed sleep. especially vthen eczema is severe. Sleep disturbance
causes ￿.￿dness, which in lum affects chikjren's ability to concentrate, their mcod and general well-
being. The impact on paren15 cariryJ for th[1d￿n with e¢zema be profound too. The project 15 being
led by Dr Connor Broderick and Professor Carsterb Flohr. from Sl John'5 Insbtute of Demiatology at
Guys and St Thomas, Hospital in Lmocm. working with colleagues at other universits.es and hospitals in
the UK. The Society has collatxyated with Ihe UK Dermatolc*Jy Clinical Trials Netsvcffk to award this
research granl.
Awareness rnlslng. communications and ¢ampalgnlng
The charity undertakes a Tange of acljvities lo raise awareness and underS￿ling of eczema amoNJ
tha geneial public, and to promote the infomiation and ad￿ce the Society provides living with
eczema and their families.
The theme for National Eczema Week in September was'my Eczema Story., when we called on people
living with eczema lo share their experiences of living with the cwlilion. Eczema is different for every
person who lives with this debilitating long-tefm conditson. Through sharing experiences, ideas and top
tips, we sought lo help others feel they are not alone. The phyS￿al symptoms of eczema can be
extremely dI￿￿U￿, including the rèlentless itchirvJ and having lo cope with raw, inflamed and bleeding
$kin. The hidden cost of eczema is the profound impacl it can have on people's emotional well-being.
Paye S

NATIONAL ECZEMA SOCIETY
(A Company Llmlted by Guarant￿)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
To support the campaign we produced a series of very personal. emottve and practical short videos of
National Eczema Society members and eczema advocates, which we promoted ac¥oss our social
mèdia channels. We are very gratefvl to everyone took part. and Spe￿al thanks are due to radio
DJ Y8sm¥i Evans for $upW￿r@ the campaign
Aongside the campaign. we ntroduced a range of new rforniation resources lo help people manage
eczema as effectively as possible. These 'My Eczema Tcdktr resovrces offer practical advice to
supwt people with the many psychokjgical and emtional challenges of INing with eczema described
so vividly by those sharing their eczema stw during the campaign.
We achieved excellent camp8ign ￿Verage. induding several prominent articles on the BBC website.
and stories ift many regional and some national r￿WSpapers. Engagement on social media was
excellent too. We are especialfy grateful to our courageous patient advocate Kymmene Dawson, 4vho
once again shared her challenging experiences of eczema in the medÈa. The Society contributed lo the
media launch of Eli Lilly's #GOALS eczema management inib"ative and chief executive Andrew Proctc
took part in several radio interviews related to this initiative during National Eczema Week.
We continued lo grow our SLKial me(Jia reath and aCts￿ty during th6 year. reflecting how pèople
increasingly seek and share infom)alK>n atK)ul eczema. The Society now has over 22,000 followers on
Facebook. an increase of over 2C($0 over the year, and we grew our following on Twitter to over 8,000.
We more than doubled the number of Instagram followers over the year. lo reach 7,700 by the end of
2021.
Capacity constraints and Compe￿"ng priorrties continued to impact on the media work we are able lo
undertak8. The Souety provided press comment on a number of eczema stories in the media over the
year. and we again focussed our medra engagement arwnd National Eczema Week.
Growing income and building financial sustainablllty
In 2021. we continued to focus income generatp)n to enswe we have the reSoU￿S to athieve our
Charitab￿ objectives and build future financial svstsinability. We are immensely grateful to our
thoughtful and generous supporters who choose to leave a 9ift to National Eczema &Kiety in their Will.
Ouf income from legacie5 in 2021 was once again higher than in some previous years. and this has
been so inwtant in t￿lIdIng a stronger financial footing for the Society during a pefiod of uncertainty.
We continue to develop partnerships with ¢ompanie5 that Share our values and are willing lo support
ourwork and engage in joint education and awareness-raising actiwty. During the year Abbwie. Eli Lilly.
Johnson & Johnson, LEO Phama. Sanofi and Thomton & Ross were all corporate members.
There werè many fundraising highlights durirKJ the year and also chaI￿nge$ as a resull of the impact
of Covid. We were pleased to see the return of the London Marathon. stsged in Oclober, and we are
grateful lo NES runner5 Joe Jor￿5 and Oexy-Lea Palmer for taking on the race and raising much-
needed funds for the Socw.
The Society's West Surrey and N￿East Hampshire Supwt Group was able lo undertake local
fundraising activty again. following the relaxats.on of Covid restriclions, and presentgj a cheque for
£2.000 al ihe Annual General IAeeb"ng in September. Th8 Society's members and donors generou51y
supported Ouf summer and Christmas fundraising appea15 once again and we are gratefvl lo everyone
who supported the Society in drfferenl ways with ￿1r donations over what has been anolher
challenging year with Covid.
Pa9e 6

NATIONAL ECZEMA SOCIETY
(A C¢mpany Llmlted by Guaranlee)
TRUSTEES. REPORT {CONTINUEO)
FOR THE YEAR ENDED 31 DECEMBER 2021
Organisational developmenl
During the year. we revieb¥ed our understanding and or9anisattonal approach to equality, diversty and
¥)clusion. and are working towards better representing and servirrfJ all communTtie5 of people who are
affected by eczema. We have a parbcular fows on recruitment. and we proactively encourage people
to apply for slaff and volunteer roles who Contri￿ different perspeclives and INed experience.
We successfully completed a maior project to update our s￿p￿ter database 50fiware. which 8150 saw
us move lo a more secure ch)u&based hosting solution.
We built our $tsff team and leadership capacAty with Ihe app)intrnenl in December of Samantha
Skelding as Deputy Chief Exeujtive.
Trustees agreed new vision and mission ststements for the d￿rity. which are:
Vision..
Our visw is a wortd tree of eczema.
Mission.. We make life better for people eczema and their families. We do this by providing
the informatr)n, advi￿ and emotional support needed to manage eczema well. We
also create a healthier future by raising awareness and understanding of eczema.
campaigning for improvements in care. and supporkn.ng resgarch inlo new treatrnenls
and prevention.
2022 Plans and d•v•lopm•nl priori¢ie$
Lwking ahead. we aim to ensure National Eczema Socrety ¢ontinu8S to achi8va th8 greal8sl wnpa
we can for members and others living with eczema. The charity's core charilable work will continue. as
well as taking forward stralegically important acbvty indudrng buildirrtJ our db9ital capability. our
fundraising. supportirrfJ research and strerythening our work to iff￿r$)¥e eczema care.
Oevelopment priorities ft)r 2022 indude..
Dellver Infonnatlon and advlce
DeveloFxng arKI launching an online fiwum rffi the s￿ety's website to pn)vide peer support for
people affected by eczema.
Scope and introduce a WhatsApp dwnnel arKI an instsnl messaging oplion on the Society's
wgbsile for advice enquiries.
Work in partnèrship with St J(thn's Defflhkndemy to co-produrA and deliver eczerna
information webinars.
Pallent voice
Contribute patient perspectives to dinical guideline devebpment and Ihe assessment of new
treatments and policy consumalions. working with regulatory bodies induding the MHRA, NICE
and the SMC.
Continue to be a campaigning voice for people with eczema, to ChaI￿nge iwualit*s in health
policy and practice.
Page 7

NATIONAL ECZEMA SOCIETY
{A Company Limited by Guarantee)
TRUSTEES. REPORT ICONnNUED}
FOR THE YEAR ENDED 31 DECEMBER 2021
Communications and aw¥ene$s ralslng
Lead the annual nalional flagship awareness event. National Eczema Week in September.
Research and patient involvement
Grow our organiWk)nal capacty to suptth patient and public involverr*nt in shaping eczema
researth.
Ory•nisation and governance
Strengthen our and approath to equality. thversty and inclusion.
Flnancial Results
We planned for a budget surpkjs in 2021. Consistent with strategic intention to athieve a balanced
OT surplus budget on an onwing basis. We have actually achieved a more wbstantial surplus than
budgeted. largely as a result of better than expected income from ￿aCY gifts.
The outcome for the year was a sU￿u$ of £185.322. This ¢￿pa￿S wtlh a surF4us of £186,521 in the
year ended 31 De¢ember 2020. At 31 December 2021. our ￿ServeS had increased to £721.691
(£536,369 at 31 December 20201.
We woultl like to thank the many people who. as in prevK)us years, by joining or ￿ newing their
membership, supporting cyjr appeals and fundratsing in a variety of often innovative ways. have enabled
us to cfy)linue our work. The efftwts 8nd contribution of supp￿rS and volunteers i8 invaluable lo the
Society. We are gratefvl also to those who remembered the Society in their Wills. the charitable trusts
and companies that have supported u5 during the year. and to all the healthcare professionals who
have provided vs $0 mu¢h time. advt¢e and supwrt espeoalty ￿MberS of the Medical Advisory
Re$¢r¥es Policy
The Irustees aim lo maintain free re5erve5 in unrestricted funds at a level which equates to
approximately six months unrestricted charilable expenditure. The truslees consider thal this level will
provide sufficient funds lo respond to unforeseen loss of inci>me and give Ihe charity time to build
alternative sources of income. restructu￿ aclmb.es or close or meffJe the charty. The trustee5 have
reviewed the Reserves Policy in 2022 to ensure it remains appropriate and Sufficient given the nature
of the Society's In￿Me and historical trends. and have determined that It is often appropriat8 to hold a
larger reSe￿e as lega¢y income in particular Can be sKJnificant in size and unprgdictable in timing, and
il does nol match the more even fiow of the Sooety's expenditure.
The tsaran￿ held in unre5tn.cted lunds at 31 December 2021 was £719,953 of wlych £699,114 is
regarded as free reserves. after alh)wing tr funds lied up in tsngible assets and those funds allocaled
for Specif￿ purposes. As bud9eted six-month expenditure overJanuary-June 2022 totsls approximately
£241.300. Current reserves are now well ahead of the anKxJnt required in Ihe Reserves Policy. Noting
this surplus and nomial sustainable levels of expenditure. the trustees intend to despnate amounts
beyond those needed lo mainLiin the agreed minimum reserve. for the purp05e5 of researth. A
parb'cularfo¢us of our ￿searCh interest will be the poorly understOCMJ issue of topical steroKI wilhdrawal.
Page 8

NATIONAL ECZEMA SOCIETY
IA Company Llmlted by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDEO 31 DECEMBER 2021
Risk Management
The trustees have taken steps to identify and address major risks faoNJ the Society. including
maintaining a risk register. The principal uncertainty in respect to the SocieV5 future is the ability to
maintain suffi(aenl income lo deliver the charity's servtts. and ensure the Society has adequate
resour¢es to cornply wth regulatory changes affecting the voluntary sector. Greater focus and
investment are being tlirected to fvndTrrgng aclivilies. to ensure the &Kietyger*rales sufficienl income
each year to fund planned activities.
The principal risk of fin￿la1 sustainability for Ihe charity is dosely I￿nItored by the trustees on a
regular basis. induding reviewing management accounts at quarterly Board meetings. Attention also
continues to fo¢us on rK>n-financial risks induding heamh and safety. ￿p￿￿ti1)n. security. confidentiality
and data protection. which a￿ supw)rted by appropriate p￿ICieS and procedures as well as
managemenl updates as needed.
Investffl8nt Policy
AJI surplu5 funds we currenlly placed M depos
The Trustse$ and Organlsatlon
The Society is a charitsble company. AlthrMJgh cal￿d trustees. we are the directors of the company for
the purposes of¢ompany law. The trustees who served during the year up to the date ofthis report
are given on page 1.
The Society's govemance wocesses are set out in its ArtKles of Assouation. The 8oar(l of Trustees
administers the Society, which mee15 routinely frNJr times a year and additionally as circumstsnces
demand. A chief executive is appointed by the tnFstees to manage the day-to-day operations of the
Society wilhin a framework agreed by the Boafd.
There must be a minimum of tree trustees Lwt there is rn) maximum nurthr. and tfuslees must be
elected by the members ofthe Souety at its Annual General Meeting {AGM). Trustee5 may be co-opted
onlo the Board during the year and must th￿ stsnd for eWion by the members at the next AGM. At
leasta third of trustees are required lo retire from offi¢¢ each year butmay. rfthey wish. offerthemselves
for r￿deCI10n al the AGM. Trustees are ￿¢ruited thr¢Jugh the Society's rnembewship, Irxal support
groups, other eczema community nefv40rks and open advertising. In seeking truslees. the Society has
re9ard of the need to ensure that the Trustee Board has an appropriate range of professional skills and
experier￿e, reflects wr commilment to diversity. arKI dso that trustees are drawn from different areas
of the UK.
Ajthough not e¢Jnstituttonalty binding, the Society wishes to work towards alKJning with the Charity
Governance Code. which recommends tnJste8s serve fixed tem)s in office. The guidance re¢omm8nds
Iruslees serve an initial three•year term. wth the possibility of being reolected by mernbers for a further
Ihree-year period. Trustees in particular rde5 {e.g. Chair. Treasurer) c(yJd serve a longer nine-yeai
pefiod, subject to forn￿1 review.
New trustees are Fwvided wlh an 1ntrryJud￿n padt. T*thKh ind￿Je$ the Soryety's governing
documents. copies of the past yearfs accounts. and a briefing on their duties and responsibilities and
of the Society's govemance pr¢xesses. Ptior to joining Ihe Board. new trustees wll usually attend al
least one Board meeting in an observer capaiity. which gr¥es Ihem the opportunty to meet the trustees
and chief executive.
Page 9

NATIONAL ECZEMA SOCIETY
(A Company Limited by Guaranteè)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Ouring the year. the decision vras taken to recruit several new trustees with the aim of refreshing and
enhancing the collective professional skills 01 the Board. and strengthening the diversity of our
goveTnance. The trustè8 OPPOrtuntty was promoted to the S(xi&ty meM￿rship. other supporters and
wÉder eczema community. We opted lor an open. competitive recruitment process. Following
shortlisting arKI inler¥iew by a sub-committee of trustees. it was decided to apwnl four candidales as
new trustees. namely Hannah Kunzlik. Dr Simon Lovegrove, Bharal Pandya and Hthig Vollers. All
four appointees attended the March 2022 Board meeting as observws, afterwhth theywere confimied
in posL
Trustees receive no remunerati￿ trustee has a benthal interest in any of the group
companies.
In June 2021. the Socw estsblished a Medtcal Advisory Board {MAB) comprise(l of he8lthcare
professionals who act in an advisory and ambassadorial capacity for the charity. Members volunteer
their tsme and are all experience¢J heatthca￿ professtonals who work in the fieK1 of demalology, and
Vrt￿ have a particular professional interest in eczema management and research. The MAB is chaired
by Nalh)nal Eczema Society Trustee. Professor Celia Mos5 OBE.
The trustees set the remuneralK)n of the thief execulive and approve the remuneration ofolher Soci8ty
Staff. Remuneration levels are based on research of similar rdes and bgn¢hmark salary data.
Trustees took the decisK)n to devregisler wth the Office of the Scottish Charity Regulator IOSCR} and
the process was completed in O¢lober 2022. It is not a ￿ulatOry requirement fo¥ National Eczema
Society lo be registered in Scotland arKI de-registering helps reduce the Society's administrative and
operating costs. Alhough no longer registered OSCR. NalN)nal Eczema Soaety continues to
provide advice and support for the benefft of everyone affected by eczema in the UK.
C¢)vid statement and response
National Eczema Srtiety has been able to maintain its core se￿￿$ arKI othèr charitable activilies
during the Coronavirus pandemic period las of June 2022). most of which are delivered remotely
including our valued Eczema Helpline service. This has required thange5 in the way the eharily
operates, with staff now routinely working remotely at home. We have invested in our IT and cloud
computing capability to support remote working and now have an effective hybrid working model. Vve
have been caub'ous with plannin9 to re4nlrThluce face-lo-face events. and have taken the decision not
to organise such events again wi 2022.
The Soriety benefts from a diverse range of income swr¢es and therefore more resilient to
significant unexpected events like Covid. Rising infiats.on in 2022 will present challenges. in both
managing costs and achieving income targets. Legacies are a signfficant element of the Society's
overall income mix. and we expect legacy income to be tower in 2022 than previous years. although
this is faclored into our planning. Members. other individual donors and corporate partners have
continued their support during the pandemic. We expect some trallitional income sources lo be stronger
in 2022, including income fr¢)m Challenge events and we have faclored this into our budgeting. Hence,
while remaining vKJilanl to Ihe ¢hangeable extemal environmenL the trustees do not have reason to be
concerned over the continued financial sustsinability of the charty from the immediate and longer-lerrn
economic impact of Covid. As referenced eadier, the tru51ees are rewewng the Reserves Policy in 2022
lo ensure it continLFes to meet current and kn¢)wn future requI￿rnents.
Page 10

NATIONAL ECZEMA SOCIETY
{A Company Llmlted by Guaranlee)
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2021
Th& Tnjslges ReFort has b8en w8paTed in acC(￿(lanCe with Ihe provisions appli¢ablg lo entilies subject
to the small companies rogime.
This report was approved by Ihe Board of Trustees on
8 August 2022 and signed on their behalf by:
Stephen Pugh
Chair
Page11

NATIONAL ECZEMA SOCIETY
{A Company Llmlted by Guarantee)
STATEMENT OF TRUSTEES. RESPONSIBILMES
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees (who are also the dI￿¢t￿5 of the Charity for the purposes of company law) are responsible for
preparing the Trustees. Rep(Kt and the financial statements in accordance with applicable law and United
lfjngdom Attounting Standards (United Generally AcC￿ted AC￿￿ting Practice}.
Company law requires the Trustees to wepare financial slatemnts fty each finarKial year. Under company law.
the Trusle8s must not approv8 Ihe financial statements unless they are sa115fied that they give a true and fair
view of the state of affairs of the Group aThJ the Charity and of their incoming resources and application of
resryjrces. including their income arnl expendilure. for ttiat peric*J. In preparing these financial slalements, the
Trustees are required to".
select suilable a¢counting polioes and then apply them consislenuy.
observe the methods and prinoples of the Charities SORP (FRS 1021..
make judgements and accountiThJ estimates that are reasonabbe and prudent:
state whether applicable UK Accounting Standards {FRS 1021 have been followed. subj'ect to any matsrial
departures disclosed and explained in the finanaal stalernents,.
prepare the financAal statements on the going ¢￿￿M basis unless it is ¥)appropriate to presume Ihat the
Group will continue in business.
The Trustees are responsible for keeping adequate accounb'rrfj reoJrd5 that are 5uffi(xent to show and explain
the Group and the Charivs transactions and disdose with reasonabk aerjjraey al any time the financial position
of the Group and the Charity and enable them lo ensure that the financkal statements comply with the
CoMpan￿S Act 2006. They are also responsible for safeguarding the assets of the GTOUP and the Charity and
hence for taking reaSona￿e steps for the prevention and detection of fraud and other irregularities.
Approved by order ofthe Merrthrs ofthe Board ofTrustees and signed on its behaff by..
Steph•n Pugh
Chair
Date.. 0810812022
Pa9e 12

NATIONAL ECZEMA SOCIE
{A Company Llmlt•d by Guarantsel
INDEPENDENT LXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Independ•nt Examin•rfs R•port to th• Twsl•es of National Eczerna Society Cthe Group'l
I report lo the Chanty Tru51ees on my examination of the consolidated accounts of the Group. sel out on pages
15 to 47. comprising Ihe Nationd Eczema Society (Yhe parent Chantl) and ¢ts subsidiary undertakings for the
yEar ended 31 December 2021.
Responsibilities and Ba515 of Report
As the Trustees of the parent Charity {arKI its Director5 for Ihe purposes ol ￿rnpanY law) you are TesFKJnsible for
the preparation ol Ihe consolidated accounts of the Group in acCOrdar￿ with the requirements of the
Companies Acl 21))6 Ilhe 2006 Ad).
Having satisfied mysdf that the consdidated actounts ￿ not wuired to be auditetl under Part 16 of the 2006
Act and 8re eligi￿e for independent examinat￿￿. l in respecl of my examination of the Group's accounts
as carried out under section 145 of the Charities Acl 2011 (￿e 2011 AcV}. In ¢aNwng out my examination I have
followed the Direction5 given by the Chanty Commission Under section 145151{b) of the 2011 Act.
Ind•ptnd•nt Examlnerfs Staternent
Since the Group's gross income exceeded £250.CN)O y￿r ￿MI￿r must bè a member of a body listed in
section 145 of the 2011 Act. I confimi that l am qualrfied lo undertake the examination because l am a member
of the Institute of Chartered Accountsnts in EnglarKI aThJ Wales. wthich is one of the listed bodies.
I have completed my examination. I confim that rn) matters have come lo my attenti￿ in connection wllh the
examination giving me cause to beI￿Ve in any material respect..
accounting records were not kept ￿ ￿SpeCt ot the parent Charity and its s￿*S1dlaneS as roquirod by
section 386 of the 2006 Ad,. or
the accounts do Ml accord ￿th those rets)rds: or
the accounts do not comply V+ith the accounting reqU1￿ments ol section 3% of the 2￿6 Act other than
any requirement that the accounts give a In￿ and f&"rf view which ts not a matter ￿n$￿ered as part of
an independent examination- or
the accounts have not been PrePa￿d in ac￿rdanCe the methods and principles of the Statement of
Recommended Practice for aC￿Un￿.ng and repcwting by charilies applicable to Charities preparing their
accounts In accordanc* with the Financial Rewrting sta￿[d ap￿1¢able in Ihe UK and Republic of
Ireland (FRS 102).
I have no concerns and have come across no other matters in conneclion with the examination lo which
attention should be drawn in this report in order to ena￿e a proper understanding of the accounts to be reached.
Page 13

NATIONAL ECZEMA SOCIE
IA Company Umlled by Guarantee)
INDEPENDENT EXAMINER'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Signed..
Dated: 151W2022
Stuart M¢Kay 8S¢ FCA DChA
MHA Ma¢lntyre Hudson
Chartered Ac￿Untsnts
London. United Kingjom
Pa98 14

NATIONAL ECZEMA SOCIETY
(A Company Umltsd by Guarantee)
CONSOLIDATED STATEMENT OF FINANc￿L AcnvmES {INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
funds
2021
Restrlcted
funds
2021
Total
lund$
2021
Total
fvnds
2020
Incorne from:
Donations and lega¢ies
other trading activities".
Income Irom fvndraising
Income from trading activibes
Investments
528.134
528.134
545.887
4.921
1.801
4.921
1.801
856
1.321
1,809
2,143
Total Income
Expendlturè on:
Raising funds:
Fundraising costs
Trathng costs
Other raising fvnds
Charitable activities
535.712.
535.712
551.160
12.828
12.828
54,690
15
19.976
340,975
19,976
351,725
10.750
308.813
Total expendllure
373.779
10.750
384,529
363.518
Net movement in fund5 before other
re¢ognls*d gain$
Other recognised gainsl(losses):
Gainslllossesl on pension sd￿me
161.933
110.750)
151.183
187,642
19
34.139
34,139
{1.1211
Net movement in funds
196.072
{10.750)
185,322
186.521
Reconclllatlon of lunds:
Total lunds brought fory￿rd
Net movement in funds
523.881
196.072
12.488
{10.750)
536.369
185,322
349,848
186.521
Total fund5 ¢arried foThYard
719.953
1.738
721.691
536.369
The Ccffisolidated Stalement of Finanoal Activitses indudes all gains and ￿SseS recognised in the year. All
income and expenditure derive from continuirb3 acbwbe$.
The notes on pages 21 to 46 part of tsse finanual ststemenls.
Page 15

NATIONAL ECZEMA SOCIETY
IA Company Llmlted by Guarants¢l
REGISTERED NUMBER: 02685083
CONSOUDATED BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2021
2020
2020
Note
Flxed assets
Intangible assets
Tangible assets
14
8.832
27.886
15.828
38.052
15
36.718
53,880
Curr8nt assets
Dgbtors.. Ar￿)Unts fallin9 due ￿1n year
Cash at bank aTrJ in h8rn1
17
159,515
649.260
.598
597,755
808,775
688.353
Creditots.. Amounts falling due V*ithin one
18
1115,028
(156,Ci11 >
Net Currenl assets
693,747
532.352
Total assets less current Ilabllltl•s
730,465
586.232
Creditors.. Amounts falliThJ due aftor than
g year
19
18,774)
{49,863)
Total net awts
721,691
536.369
Group funds
Restricted funds
Unrestricted funds
20
20
1.738
719.953
12,488
523,881
Total funds
721.691
536.369
The Charity was enliued to exemption from audit under seclion 477 of Ihe Companies Act 2006.
The Members have not required the company to obtain an audit for the year irb question in accordance with
section 476 of Companies Act 201%.
The Tfuslees ac&nO￿ed9e their resporksibilities for complwng v*ith the requirements of the Companies Act 2006
with respect to accounting recwds and preparation of finanaal statements.
The financial statements have been prepared in accordance with thè provistons applicabb to entibe5 subject to
the small companies regime.
Page 16

NATIONAL ECZEMA SOCIETY
IA Company Llmlted by Guarantee)
REGISTERED NUMBER: 02685083
CONSOLIDATED BALANCE SHE￿ ICONTINUED)
AS AT 31 DECEP418ER 2021
The financial ststemenls were approved aTrJ ajthorised for issue by the Truslees and ggnetl ￿ their behalf by..
stophon Pugh
Chair
Date.. 8 August 2022
The notes on pages 21 to 46 forni part of these fin￿ela1 slatsments.
Page 17

NATIONAL ECZEMA SOCIETY
IA Company Limited by Guarantsel
REGISTERED NUMBER: 02685083
CHARITY BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2021
2020
2020
Note
Flxed assets
Inlangible assets
Tangible assets
Investments
14
8.832
27.886
11)0
15,828
38,052
100
15
16
36.818
53,980
Current assets
Debtors: Ar￿Unts fallirvj due one ye
Cash al bank antj in hand
17
211.072
624.435
136.435
577.251
835,507
713,686
Credhors.. Amounts falling due *ryihin one
year
18
(113.2281
(156,001)
Net current assets
721279
557.685
Total assets less current liabilities
759.097
611.66S
Creditors.. All￿1nts falling due after rrwye
than one year
19
18.774)
149.863}
Not a$sets excludlng pen$lon asset
750.323
561,802
Total net ¥$sets
750.323
561,802
Charity fvnds
Restricted funds
Unrestricted fijnds
1.738
748.585
10.753
551,049
Total funds
750.323
561,802
The Charitys net rnovement in frJnd5 for the year was £188,52112020- £189,727).
The Charity was entitled to exemption from audit under secth)n 477 of the Companies Act 2¢JO6.
The Members have not required the company to obtain an audit fLY the ￿ar in question in acoydance with
section 476 of Companies Act 2006.
The Trustees acknovledge their responsibilit￿S for complying wth the requirements of thg Companies Act 2C(J6
with ￿spect to aco)unting reccwds aThJ prgparation of finanaal statements.
Page 18

NATIONAL ECZEMA SOCIETY
IA Company Limited by Guarantee)
REGISTERED NUMBER: 02685083
CHARITY BALANCE SHEET ICONTINUEDI
AS AT 31 DECEMBER 2021
The financial ststements have been prepared in accordance W￿th ts provisions applicable to entiti.es subject lo
the small companies regime.
The financial statements were approved and aulhorised for issue by the Truslees and si9ned on their behalf by:
Stephen Pugh
Chair
Dat8.. 8 August 2022
The notes on pages 2110 46 form wt ofthese finarKial ststements.
Page 19

NATIONAL ECZEMA SOCIETY
{A Company Llmlted by Guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Cash Ilows froffl op8Taling aclivities
Net cash used in op8rakn.ng ￿lI¥1th9$
22
52.795
180,039
Cash Il¢)ws from Inve$tlng a¢tlvltl•$
Inv8strngnl Ir￿Me
Purchase of inlangible assets
Purchase of langible fixed assets
856
2,143
{7,9201
(15,4381
15
(2.146}
Net cash used in investing act•¥ities
(1.290
{21.2151
Change in rAsh and cash •quival•nts in th• year
51,505
158.824
Cash and cash eqUiV￿entS at the beginr4ng of the year
597.755
438.931
Cash and ¢ash equivalents at the end of the year
23
649.260
597.755
The notes on pages 21 to 46 fomi pwt of these ffinantial statements.
Page 20

NATIONAL ECZEMA SOCIEtY
IA Company Lknitsd by Guarant••}
NOTES TO THE FIN￿4ClAL STATEMEPffiS
FOR THE YEAR ENDED 31 DECEMBER 2021
G•n•ral Infomiation
Nalional Eczema ScKiety is a charitsble Company limited by guarantee and is registered 7Mth the Registrar
of Companies {Company Registered Number: 02685083). the Charity Commission in England and Wales
(Charity Registered Number. 1￿9671). The Charity deregistered from the Office of the Scottish Charity
Regulator {OSCRI on 15th October 2021.
In the event of the Charity being wcwmd up. Ihe liability in respect of the guaranlee is Itmited to £1 per
Member ofthe Charity.
The address of the registered office is given in Ihe Charity infomabon on pa9e 1 of these financial
Stslements. The nature of the Chaiitys operatrons and winc4pal activitie5 we detsiled in the Trustees.
ReporL
The significant ae¢C￿n￿.ftg poli￿$ applied in tt)e preparation of these fina￿la1 5tstements are sel out
below. These policies have been c4Jnsistenlly applied to all years wesented unless otherwise staled.
A¢¢ounting policies
2.1 Basis of prnparation of finan¢ial statsm•nts
The financial stslements have been p￿Pared in acoy)rdance with the Charities SORP (FRS 102) -
AcLX)unling and Reportng by Charities.. Stsiement of Recommendeij Practice applicable to charities
preparing their accounts in a¢¢￿ance with the Finanual Reportin9 Standard applicable in the UK
and RepublK of Ireland (FRS 102) and the Companies Ad 2(N)6.
Natml Eczema Swety meets the definibon of a public benefit entity under FRS 102.
Assets and liabilit*s are inibalty recx)gnised at historical cy)sl or transaction value unless othemise
stsled in the relevant 8¢(￿untr"ng px)licy. The financial slatements are prepared in steding whith is the
functional and presentation81 ujrrenty of the Group and are rcHJnded to the nearest pound.
The Consolidated Statement of Financial Activities (SOFA) and Consolidatsd Balance Sheet
consolidate the financial statements of Ihe Charity and its subsidiary undertaking. The results of the
subsidiary are consolid*ed on a line ty line ba￿$.
2.2 Going concern
The Trustees have assessed the use of ux)*vJ ¢orKem and have considered pOSs￿le events or
conditions that mvjht cast swJnficant doubl on the abiltty of the Group to continue as a going ¢oncem.
The Trustees have made this assessment for a perK)d of at least one year from the date of the
approval of these finanual ststements. The Trustees have conduded that there is a reasonable
èxpectation that the GrcHJp has adequate resources to continue in operational existence for thè
foreseeable frjture. and that no material un(*rtainties exisL The Group theiefore continues lo adopt
thg goiThJ ￿nCeM basis in preparing th8se finan(ial ststements.
Page21

NATIONAL ECZEMA SOCIETY
(A Company Limit•d by Guaranteè)
NOTES TO THE FINANCIAL STATEMEPITS
FOR THE YEAR ENDED 31 DECEMBER 2021
counting policies (continued)
2.3 Income
All ir￿rne is recognised once Ihe Group has enlillemenl to the ineljme. it is probable that Ihe incom8
11 be received and the amount of income receivable can be measured rella￿y.
For donations and gift aKI to be recognised the Group ￿ryI1 have been notified of the amounts and the
setUeTnenl dale in wrbting. If there are Cond￿"0n$ attsched to the donath?n and this requires a level of
performance before entitlement can be obtained then income is defeThed until those conditions a
Jlly met or the fvlfilment of those o)nditions is 7Mthin the control of the Group and it is probable that
they will be fulfdled.
The recognition of income from legacies is dependent on eStat￿lshIng entillemenl. the probability of
receipt and the ability to estimate with sufficient ac(xJracy the amount receivable. Eviderice of
entl￿ement lo a ￿acY exists when the Group has sufficient ewdence that a gift has been left lo them
(through knowledge of the existence of a valid will and the death of the benelactorl and the executor
is satisfied that the property in quest#)n wll nol be required to Satisfy claims in the estale. Receipt of
a legacy must be re￿gnIsed vthen it is Probab￿ Ihat it will be received and the fair value of the
amount receNabte. vthich wdl generaNy be the expecled cash amount lo be distribuled to the Grwp,
Can be reliably measurerj.
Substription income is received in full and reCOgr￿Sed eventy over the course of the subwiplion. The
8mount re¢ognised in the Cortsdidated Ststemenl of Finanrial Activities relates to the financi81 peri&J
in question.
Income from trading acts"vities indudes incorne eamed from furKlraising even15 and trading activities
to raise funds for the Group. Income is receNed in exchange for supplying goods and services in
order to raise funds and is recognised when entiuement has occurred.
2.4 Expendlturo
l expenditure is acccMJnled for on an a¢cnBls basis and has beon dassified urnjer headings Ihat
aggregate all costs related lo the categories. EXper￿lture 15 rec(vJnised once there is a legal or
nstruclive obligation to transfer ewiomic benefit lo a third party, il is probable that a transfer of
ecorbomic benefits will be required in setuemenl and the amount of the obl￿at￿)n can be measured
rella￿y. Exper)dItU￿ is dassffied by activity. The costs of each activity are made up of the total of
direct costs and sha￿d costs. induding support cosls invow in undertaknng each activity. Direcl
costs atth"butsble to a single aebvrty are alk)cated directly lo that activty. Shared costs which
nlribule to more than one acttvity and supwrt costs which are not attributable to a single activity
are apportior￿1 bets¥een those acts"vities on 8 basis ujnsistent with the use of re50urc*s. Central staff
costs are allocated on the tAsis of time spent. and depreciation charg8s allocated on the portion of
the asset's use.
Expenditure on charitsble activities ts Incurred on dweclly undertaklng the activities which fumher the
Group's o*'ectives. as well as any a$￿￿ated support ￿$ts.
All expenditure is inclU￿ve of Irrecoverab￿ VAT.
Page 22

MATIONAL ECZEMA SOCIErf
{A Company Limited by Guarant•e)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ounting poli¢ies {¢ontinued)
2.S Interèst r•celvable
Interest on funds hekj on depos(( is Induded receivable and the amc4Jnt can be measured
reliably by the Group: this is normally UFth notification of the interest pamj or payable by the inslilulion
th whom the funds are d8F*)5ibJ.
2.6 Taxation
The Charity is considered to pass the tests set out n Paragraph 1 SchethJle 6 of the Finance Act
2010 and the￿fOre it meets the definition of a charitatAe company for UK cOrporat￿n tax purposes.
Accordingly. Ihe Charity is potentsally exempl from laxat40n in ￿sPeCt of income or capital g81ns
received Mlhin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Ad 1992, to the exlent that such income or gains are
ap￿led exdusively lo charitsble PLrrrx)ses.
2.7 Intsnglbfe assets and amortlsatlon
Inlaryible assets costing £500 or mrxe a￿ ¢apitsh'sed arKI recognised when futu￿ economlc
benefits afe probable and the cosl or value of the asset can be measured reliably.
Inlangible assets a￿ inilialty recognised at C4)sl. After ￿C￿JnIknOn. under the cost model. intsnglble
assets are measured al wst less any accumulated am0rtjsat￿9n and any accumulated impairment
losses.
Amortisation is provided on intangible assets al rates cakulated lo ￿￿te off the cost of each asset c
a straighl-line basis over 3 years.
Assets under construction are Th)t arThytised until ready for use.
2.8 Tanglble fixed assets and depreciation
Tangible fixed assets costin9 £500 or more are caprtalised and reccgnised when future econ¢xnic
benefits are probatAe and the cost or value of the asset can be measured reliably.
Tangl￿e fixed assets are initsally recognised at cost. After recognition. under the cost mrxlel. tsngible
fixed assets are rneasU￿ at cost less accJJmulated depreciation and any accumulated impairmenl
losses. All costs inwrred to bring a tsngible ffixed asset into its intended wthing condilK)n should be
induded in the measurement of cosL
Al each re￿rtIng dale the GrcAJp assesses Ythelher theo is any indication of irnpaimienl. If such
indication exists, the recoverable amtsJnl of the asset i% determined to be the hBJher of its fair value
less costs to sell and its value ￿ use. An impaiwt loss 1$ r￿)gnised W￿re the canying amount
ex￿dS the recoverable amounL
Page 23

NATIONAL ECZEMA SOCIETY
IA Company Umlted by Guarant¢e}
NOTES TO THE FINANCIAL STATEMEpirs
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ounting policies (continued)
2.8 Twlble fixed assets and depreclatk*n Icontlnued)
Depreaation is tharged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the 5traighl-line melhomj.
Depreoation is provided on the bases..
Leasehold improvements
Fumiture and fittings
offi￿ equipment
Computer equipment
- over 10 years
- over 10 years
- over 10 years
- over 3 years
1.9 Investments
The invesknenl in the SLthidiary o)mpany 15 ¥a￿ed at C05t less provision for impairrrMt.
2.10 Debtors
Trade and other debt(X5 are recwni5ed al the setuement amount after any trade discount offered.
Prepayrnents are vafued al Ihe amount (Kepaid net ol any trade discc¥Jnts due.
2.11 Cash at bank and in hand
Cash at bank and in harKI includes cash arml short4erm hNJNy liquid invesb))ents with a short maturity
of three months or less from the date of aC4￿si￿On or opening of the deposit or similar accounl.
2.12 Llabllltles and provtslons
Liabililies are re￿nised lthen Ilwe 1$ an oNigatKJn at the Bala)ce Sheet dale as 8 result of a past
evenl. it is pfobable that a transfer of ecorKXniC benefit ￿ryI1 be required in settlemenl and the amount
of the setuement (*n be estimate(I reliably.
Liabilities are recognised at ihe amount that the Group anlicipates it VAII pay lo settle the debt oi the
amount rt has received as advanced payments for the goods or Se￿iceS it must provide.
Proms￿$ are measured at the best estimate of the amounts ￿quired to settle the obligats'on. Where
the effect of the tsme value of money is materi81, the provision is based on the present value of Ihose
amounls, dKscounted at the pre4ax dis￿Unt rate that reflects the risks specific lo Ihe liability. The
unwinding of the discounl is recognised in the ConsolKJated Stslement of Finanual Activities as a
finance cost.
Pag8 24

NATIONAL ECZEMA SOCIETY
IA Company Umlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounllng poll¢les {¢ontSnuod)
2.13 Flnanclal Instruments
The Grc4Jp only I￿kIS basic FlnancFal Instruments. The financial assets and financial liabilities of the
Group are as ftAIows:
Debtors
other debtors are basic financial instruments aTrJ arg debt instru￿￿nIS m￿sUre￿ at
amortised cost as detailed in Note 17.
C8sh al bank- is classifie(l as a basic financial instrument and is meaSU￿d al face value.
Liabilities- accruals are c4assffied as fThnc481 instNmenls. and are measured al amortised cost as
detailed in Note5 18 arKI 19.
2.14 Operating leases
RenL4s paid urKler ijperating leases are charged to the Consolidabj Statement of Financlal
Activities on a strabJht line basis over the lease lenn.
2.15 Pensions
The Gr￿P is part of the Serie$ 3 Grcmth Plan whith 15 a Mulb*M￿oYer pensKJn Scheme which
dosed in 2013. The Scheme administrators have confirmed that it is not possible lo separately
identify the assets and liabilities of participating employers on a cLJnsislent and reasonable basis. The
assets of the Scheme are CO&mingled for inveslment purposes and benefits are paid from lotal
Scheme assets. A deficit reduclion plan has been agreed.
The Group accounts for ils parbcipation in this Plan as a defined contribution plan. as there is
insuffiuent inf0M￿tion available to account for this as a defined bgnefrt plan. as Ihe share of its
assets and liabilities cannot be identified.
To avoid Cr￿￿111￿rY￿ an immediate paymenl of Ihe aFparent under-fvndry in the Series 3 Stheme,
the Group is paTts"¢ipab"ng in the Series 3 Re￿Very Plan and the liability is induded in Notes 17 and
18. The Grcyjp recognises ils liatslty to make payments to fvnd the deficit relating to past service
under an agreement to make those pa￿ents. 11 rewgnises the full liability for the present value of
contrilmrtions payable that ￿SuIts from the agveemenl for fvnding the multi empl¢)yer plan.
The Group also partiUP8les in a defined ¢￿tributiOn pension scheme for its employees. The Group
pays fixed contribukn.ons into a separate scheme. Onee the defined contribution payments have been
made, the GrcMJp has no further pa￿ent obligations in respect of this scheme. The C£Jnlributions are
reo)gnised os an expense in the c￿$￿idated Statement of Financial ActivI￿e$ as they fall due.
Page 25

NATIONAL ECZEMA SOCIETY
(A Company Lirnited by Guarantw)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2021
Accounting policies Icontinu•d)
2.16 Fund accourrtlng
General funds are unrestricled funds which are available for use al the discretion of the Trustees In
furtherance of the general obJects"ve5 of the Group and which have not been designated for other
purposes.
DeS￿nated funds comprise unrestricted funds that have been set ashle by the Trustees for particular
purposes. The aim and use of eath designated fvnd is set out in the notes to the fw)an¢ial
slalements.
Restricted fiKKls are fijnds are to be used in accordance speafic reslriclions imposed by
donors or which have been raised by the Group for particJJlar purposes. The costs of raising and
administering such fvnds are charged against the specfft fund. The aim and usa of èach festrKted
fund is set out in the notes to the financial statements.
Investrnenl rKome. gains and k)sses are alocated to approwiate fund.
Critical accounting eslimate5 and areas of judgement
Estimates and judgements are e4Jntinually eVa￿ated arKI are based on historical experience and other
factors. induding expecta￿nS of future events Ihat are believed to be reasonable under the
circUmstan￿S.
Critical accounb'ng osts'mates aryl assumplions..
Thè Group mak8s estimates and assumptions o)nceming the frjtrxe. The resulling accounting estimates
and assumptions will. by definiti￿. seldom equal the related actual resutts. The estimates and
assumptK)ns that have a sKJnifKant risk of causing a material adjustrnent lo the carrying amounts of
assets and liabilrties within the next finarKaal ar6 listsd beltr*.
Allocation of support costs
Depreciation rates for tsngible ffixed assets
Useful econ¢>miC lives of assets
The rate used in valuing the ￿ar￿nd Pensi(¥n Scheme defictt.
The Board do not consider the Covid-19 pandemic to have had a material impact on these accounting
estimates and areas of jLbdgemenL
Page 26

NATIONAL ECZEMA SOCIETY
IA Company Llmlted by Guarantee)
NOTES TO THE FINANC￿ STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from donatlons and legacles
Unrestricted Restricted
funds
fund$
2021
2021
Total
funds
2021
Oonalions and similar income
Legacies
Subscriptions
Gift aid
174,348
181,302
150,978
21.506
174.348
181.302
1SO,978
21.506
Total 2021
528.134
528.134
Un￿StriCte¢y
funds
2020
Restricted
funds
2020
Total
fijnds
2020
Donations and similar ncome
Lega(ies
Subscryjtions
Gift aid
143.976
199,306
149.389
24.406
28,810
172,786
199,306
149,389
24,406
Total 2020
517,077
28,810
545,887
Page 27

NATIONAL ECZEMA SOCIETY
(A Company LSmlted by Guaranl•e)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from other trading a¢tivitses
Income from fundralslng
Unr•$tri¢ted
funds
2021
Total
funds
2021
Other cor￿)rate income
Other actiwties
1.607
3.314
1,607
3,314
Total 2021
4,921
4,921
Unreslricted
funds
2020
Total
funds
2020
Other corporate income
Other act￿711e5
587
734
587
734
Totsl 2020
1,321
1,321
In¢ome fr¢m trading activities
Unre$tri¢ted
funds
2021
Total
funds
2021
Tra(Jing subsidiary
1.801
1.801
Unreslricled
funds
2020
Total
funds
2020
Trading subssdiary
1,809
Page 28

NATIONAL ECZEMA SOCIETY
(A Company Urnlted by (knrantee)
NOTES TO THE FINANCIAL STATEIAENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
In¢omo from Inve$tmonts
Unr¢$lrl¢tad
funds
2021
Total
nds
2021
Bank intergsl receivatye
856
856
Unrestricted
funds
2020
Total
funds
2020
Bank interest receivable
2.143
2.143
Pa9e 29

NATIONAL ECZEMA SOCIETY
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEME1￿s
FOR THE YEAR ENDED 31 DECEMBER 2021
Expenditure on ralslng funds
2021
2020
Ftsndralsing ¢osts
Direct c￿sts
Supwt Costs
27.431
5.373
28.685
26.005
32.804
54.690
Anatysis of support costs - fundraising Costs
2021
2020
Staff ￿StS
Depreciation
Premises costs
Carriage and postsge
Professional fees
Bought-in seNces
Website, database and conw'ng
Other costs
Govgrnanco ¢0sts
7.390
663
779
3.388
174
560
30
$41
3.082
4.349
2.279
700
387
5,373
26.WS
2021
2020
Tradlng costs
T￿Ing subsidiary- Direct
1S
In both the current arKI Previous financial stars all Expendith on raising funds was from ul￿estriCted
funds.
Page 30

NAMONAL ECZEMA SOCIETY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Anatysis of expenditure on charitable activiti•s- by fund
Unrestricted Restricted
fund5
funds
2021
2021
Total
funds
2021
Helpline
Membership servi￿$
Infomiation $eN¢e$
106.899
160.938
73.138
106,899
160.938
83.888
10.750
Total 2021
340.975
10.750
351,725
Unrestricted
lund5
2020
Restricted
funds
2020
Total
lunds
2020
Helpline
Membership services
Infomation seryices
97,641
120,172
73.925
97,641
120,172
91,000
17.07S
Total 2020
291.738
17,075
308,813
Page 31

NATIONAL ECZEMA SOCIETY
(A Company Umlt•d by Guaranlee)
NOTES TO THE ANANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Anatysis of expendI￿rn on charitabl• actl¥llies . by type
Actlvltles
undertaken
directly
2021
Support
costs
2021
Total
funds
2021
Helpline
Membership services
Information services
64.245
85.626
44,631
42.654
75.312
39,257
106.899
160,938
83,888
Total 2021
194.502
157.223
351,725
undertaken
dKeclly
2020
Support
costs
2020
Total
funds
2020
Helpline
Membgrship servKes
In1￿MatIon semces
46.835
57.125
43.257
97.641
120.172
91,¢XIO
63.047
47.743
Total 2020
161.596
147.217
308.813
Page 32

NATIONAL ECZEMA SOCIETY
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysls of expenditure on charltatAe activities- by type (continued)
Analysls of support costs
Total
funds
2021
Total
funds
2020
Staff costs
Depre¢iab'on
Pr8mises ￿$ts
Carriagg and postsge
Professional fees
Bought-in services
Website. database aNI compuling
Othor ¢ost$
Governance costs
49.310
18,645
21.884
4,888
15,743
845
15.212
19.819
10,877
41.608
11.506
19.077
5,003
11.746
2.802
17.354
25.29)
12.831
157.223
147.217
10. Governance costs
2021
2020
Auditor5, reMur￿al￿3n
IrKlependent Examinerfs remuneration
Rent & rates
Insuran
Trustees expenses
Legal & professional fees
Gener81 office expenses
9.000
5.505
{670}
6.386
(6021
6.151
30
27
11.264
15,110
Total Govemance costs atove comprise £387 (2020 - £2.2T9) of Expenditure on raising funds and
£10.877 (2020- £12,831) of Expenditure on Charitable adMtie$.
Page 33

NATIONAL ECZEMA SOCIE
(A Company Llmlted by Guaranle•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
11. Auditors. and Independent examinerfs remuneration
2021
2020
Audrt￿s, rem￿ration- AL#Jil of the Gro￿ and the TradirKJ Subsidiary
Auditors. remuneTalion- Preparalxffi of Ihe ststsjtw accounts for the Group
and the Trading Subsidiary
Independent Examinerfs remuneration- Examinlion ofthe financial
statements
9.540
2,100
5.505
12.
Staff Costs
Group
2021
Group
2020
Charity
2021
Charity
2020
Wages and salaries
Social securily costs
Pension costs
159.739
13.067
6.857
154.610
12.728
7.010
159,739
13.067
6.857
154.610
12,728
7,010
179,663
174.348
179.663
174,348
The average number of persons employed by tr* Group duriry the >tar was as fdllyws:
Group
2021
No.
Grtsjp
2020
No.
Direct charitatAe activitie5
Fundraising and communicat
Support and govemance
The n￿lber of ernpl0￿es wl*)se em￿0￿ beneffts received (eX￿￿lIng employer pension costs)
exceeded £60.(KJO was..
Group
2021
Group
2020
In the band £60.CK11- £70.0￿)
The totsl amount of employee benefits. induding employers national insurance and pension
contributions. ￿ce[ve￿ by Key Management Personnel is £72.305 (2020 £72,330). The Charity
eonsiders its Key Management Personnel comprise the Trustees and the Chief Executive Officer.
Page 34

NATIONAL ECZEMA SOCIETY
(A Company Llmleed by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
13. Trustees. remuneralion and ex￿n$¢$
D￿Ing the lear, no Tnjstees recwed any wnuneration or other beneffts12020 - £NIL).
OuTing thè ￿ded 31 December 2021, No expenses were reimbursed or paid direcily to any Trustee
12020- £30 to 2 Trustees).
14. Intanglble a$sets
Group and Charlty
Website
Cost
At 1 January 2021
20,988
At 31 December 2021
20.988
Amortisation
At 1 J3nuary2021
Charge for the ￿ar
5.160
996
At 310ecember 2021
12.156
N•t book value
At 31 December 2021
8.832
At 31 December 2020
15.828
Page 35

NATIONAL ECZEMA SOCIETY
IA Company LImIl￿ by Guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
15. Tangible fix￿ as$ots
Group and Charlty
Leasehold
Fumlturn
Improvements and fixtures
Office Computer
equipment
equlpment
Total
Cost or valuation
At 1 January2021
Additions
41.470
2.493
3.873
22.IM3
2,146
69.879
2,146
At 31 December 2021
41.470
2,493
3.873
24,189
72,025
Depreciation
At 1 January 2021
Charge for the year
21.784
4.147
1N30
249
1.950
6,663
7,528
31,827
12,312
Al 31 De￿rntser 2021
25.931
1.679
2.338
14.191
44,139
Net b(¥ok value
At 31 De¢ember 2021
1S539
814
1.535
27,886
At 31 De￿mber 2020
19.686
1.063
1.923
15.380
38,052
Page 36

NATIONAL ECZEMA SOCIErY
(A Company Llmlted by Guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 OECEMBER 2021
16.
Fixèd asset inve$tfflents
Investment
$ub$idi*ry
company
Charity
Cost oi valuation
At 1 January 2021
100
At 31 De¢ember 2021
100
Page 37

NAnONAL ECZEMAsocErY
NOTES TOTrIE FIIIANCIALSTATE¥EIITS
FOR THE YEAR ENDED 31 0E¢EMBER2ts21
l& Flx•d IrN••lmqThts
Prfn¢lpal •ubsldl*(e
Ilomè
Com￿llY Règl$tev4d•ffle• c* Hobthny
number prfncfjpal plDc• ol
bu$in•sS
Ineluded In
¢onsolldatlon
EczernaTrèJw¥J Lwnknd
1(Kl% Yes
reyJR501thegknidwyfOrthè￿xVe'.
N•t
116ti
Ec1￿￿ TraLlw knrnited
(5.QDQI
P.1991
12N53*
tKI rew¥B an￿l￿￿tOri￿V￿rQrth￿ 31 Jll1.
rnembershp rnaga21ne is XCQLhltedfor in Eczema Tradiry Lyr￿. The S(Mxtykwps ihal rrAJhtcon*rtute Ir*liw ¥fxl 80

NATIONAL ECZEMA SOCIETY
(A Company Limlted by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2021
17. Debtors
Group
2021
GrcNJp
2020
Charity
2021
Charity
2020
Due within one year
Trade debtors
Amounts owed by group uThYertakirKJS
Other debtors
Prepayments and accrued inttKne
24.500
30.840
24.500
51.557
124.611
10.404
30,840
45.837
48.047
11.711
124.611
10A04
48.047
11.711
159.515
.598
211.072
136.435
18. Creditors: Amounts falling due t*lthln one year
Group
2021
Group
2020
Charlty
2021
Charity
2020
Trade creditors
Other taxation and s￿101 security
Other ¢reditors
Accruals and deferred income
4.821
12.761
7,770
89.676
6.004
12.571
15.490
121.936
4,821
12,761
7.770
87.876
6.004
12.571
15.490
121,936
115.028
156,001
113.228
156,001
Group
2021
Group
2020
Charity
2021
Charity
2020
Deferred Income
Deferred income at 1 January
Resources deferred during the year
Amounts rdea5ed from previous pwKKIs
103.016
75.422
(103.016)
85,119
103.016
103.016
73.622
185.119) 1103.016)
83,319
103,016
183,3191
O¢ferred In¢¢)me at 31 D￿*M￿r
75.422
103.016
73,622
103,016
Deferred income consists of membership income relating to future perio(ts.
Page 39

NATIONAL ECZEMA SOCIETY
(A Company Llmlt¢d by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
19. Credltors: Amounts falllng due after more than one year
Group
2021
Group
2020
Charity
2021
Charity
2020
Pension Scheme deficil
8,T14
49.863
8.T14
49.863
The Charity is paitipating in a recovery ￿an to eliminate its Series 3 scheme deficit over a ten year
period. The Pensions Trust. the scheme administralor. has however adwsed that the amount of employer
debt on the altemative of wthdrawal from the Series 3 scheme has been estimated by actuaries to have
been £200,161 as al 31 December 2016. As the Charity intends to conlinue partiupating in the recovery
plan, no proviwon has been made for this polenllal withdrawal debl however. the s￿Iety a￿Unted for
the present value of all remaining o)ntributions urvjer the recovery ￿an in the 2017 accounts al their
present value of £120.¢)00. as advised by the scheme *Jministrator. This liabilty has been adjusted
annually to unwnd the rdevant discount applted.
In order lo meet their share of the shortfall. the Charity ha5 been asked to pay addtlional contributions lo
scheme until 2025. A full actuarial valuation was carried CArt by the actuaries at 30 September 2017
and the funding shortfall ol¢ulated al that date gave rise to a remeasurement reduCt￿N of £15.624 in the
deficrt as at 31 December 2018. The deficit of the scheme is £15.879 (2020 - £65. 796) 8131 December
2021. The payment by the Charrty in the year was £15.333 {2020 - £14.887) with an Inte￿$t payment of
£155 (2020- £794) and a remeasurement expense of {£180} (2020- £1.121).
In addits"on, the Charity elected to swrtch. effect from 1 October 2013. from Series 3 to Series 4,
defined contribution s¢heme. The pension Cost in the accounts represents amounts payable by the Charity
as ordinary employer contrityJlions to the Series 4 defingd ￿nIributiOn frJnd.
During Ihe yEar ern￿Oyer contributions of £6.858 (2020- £7.010). interest of £155 (2020- £794). actuarial
Igains)llosses of (£180) (2020 - £7.121) and remeasurements for amendments to the (a)ntribution
hedule of 1£33.9591 (2020 - £NIL) have t*en charged to the Consolidated Statement of Financial
ActNilies. There were rn accrued conlritrNJtions al 31 0e(tmber 2021 12020 - £NIL) but there is a liability
of £15.879 (2020 - £65. 196) for future contributs.ons under the Series 3 Recovery Plan. Of this £7,105
(2020 - £15,333) is re￿￿ed in Creditors: Amounts falling due within cme year as part of Other Creditors
and £8,774 {2020- £49,863) 15 reported in Credrkms.. Amounts falling due after more then one year.
Page 40

NATIONAL ECZEMA SOCIETY
{A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
20. Statement of funds
Statoment of funds - current year
Balan¢• at
31
Galnsl December
{L05se5}
2021
Balance at 1
January
2021
Trnnsfefs
Inlout
Income Expendlture
Unre$tri¢ted
fund5
Designated
funds
Fixed asset fund
Pension reserve
{19,308)
1155)
2.146
15.333
36,718
(15.8791
165,196)
34.139
119.463)
17.479
34.139
20.839
Gonoral fvnd$
General funds
535,197
535.712
1354.316
(17.479)
699.114
Tol•l
Unrestricted
funds
523.881
535,712
(373,779
34.139
719.953
Restri¢ttd
fund5
Research
12.488
{10.7501
1.738
Total of funds
536.369
535.712
(384.529)
34,139
721.691
Page 41

NATIONAL ECZE￿ SOCIETY
IA Company Llmlted by Guaranlee)
NOTES TO THE FINANCIAL STATEIAENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Slatement of funds (continued
St•tement ot funds- prior y•ar
Balance al
31
December
2020
Balanc8 at
1 January
2020
Transfets
lout
Gainsl
(Losses)
Income ExperKlilure
Unrestricted
funds
Designated
fvnds
Fixed asset fund
Pension reserve
44.072
(78.168)
(13.SS))
(794)
23.3S8
14.887
53.880
{65.1961
(1.121)
(34.0961
(14.344)
38.245
(1.1211
{11,3161
G¢neTal lunds
General funds
383,191
522.350
1332,(199)
{38,245)
535,197
Total
Unr•strl¢ted
funds
349.095
522.350
1346.443)
(1.121)
523,881
Restricted
funds
Research
ThankQ
Laptops
753
11,735
13,8(M)
3.275
12.488
(13.8CM))
(3.275)
753
28.810
117.075)
12.488
Total of funds
349.848
551.160
{363.518)
11.121)
536.369
Page 42

NATIONAL ECZEMA SOCIEtY
(A Company Llmlt•d by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2021
20. Statement of funds (conlinu•d)
Desl
nat•d funds
The Penslon reserye has been established to shtyv future pensh)n def￿1t payments In regards lo
defined benefit pensKin stheme. Thbs pension scheme is beiNJ treated as a defined contribution pension
scheme as a rella￿e estimate cannot be made of the liability at the year end. The transfer of £15,333
was made to separate the deftcil payments due as al 31 December 2021 from the Unrestricted general
lund. Actuarial gains I Ilossesl are charged to thi5 fur￿ as they arise.
The Fixed asset fvnd has been esta￿1Shed to rellect the furKls tied up in Tangible and Intaryjible fixed
assets and agrees bath to the Net Book Value presented on the Consolidated Balance Sheel. The
transfer of £2.146 was made to represent capital additsons during the year. Depreciation is charged to this
fund as expenditure.
Unrestricted fvnds
General lurKls refiects funds which ar8 available for use at the discretion of the Trustees in furtherance of
the general objectives of Ihe Charity and vthich have not been designated for 0lh8r purposes.
strlcted fund$
The Rese*th fund exists to provide ￿SoUrceS for research into the causes of Eczema. wrih the aim of
¢Jevelopin9 MO￿ effeclive treatrnents or a Cure.
The Society is gratefvl lo ￿ corporate members. Abbvie and Sanoffi. whth provided restricted funding
to upgrade Ihe Socie￿$ supporter database sofhyare. ThankQ. and implement cloud-based hosting. This
work was essential in supporling more efficient ￿MOte wothing by the staff team, whith was needed in
response lo the Covi&19 pandemic. The Swety is grateful to the British Association of Dermatologists
who provided fundirrfJ for the $Ofva￿ licence and Tr￿ting fe8$ for the first year ol use of the Societls
upjraded supporter data￿se.
The Society 15 gratef￿ lo the company Amirall, which prov¢ded restn.cted fijnding for new laptop
computers and related costs. needed to faulitate IK)me by the staff team in response to the
Covid-19 pandemic.
Page 43

NATIONAL ECZEMA SOCIETY
(A Company Umlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
21. Anaty$ls of net assets between funds
Anatysls of not assets b8twoen funds - wrvent year
Unr•$trld•d R•strlcted
fund$
fvnds
2021
2021
Total
funds
2021
Tangible fixed assels
lntsn9i￿e fixed assets
Current assets
Creditors due within one year
creth.lors due in MO￿ than one )ear
27.886
8.832
807.037
(115,0281
{8,774)
27.886
8.832
808.775
(11S.0281
18.7741
1,738
Total
719,953
1,738
721.691
Anatysls of not ossets b•twn fvnds- prlor y•ar
Ur¥estricted Restrided
fvnds
fvnds
2020
2020
Totsl
fund5
2020
Tangible fixed assets
Intangible fixed assets
Current assets
c￿ditOrS due within one ￿ar
Cro¢thtors due in more than one year
38,052
15.828
675.865
(156.001)
149.863)
38.052
15,828
688,353
(156,001 }
149,863)
12.488
Totsl
523.881
12.488
536,369
Page 44

NATIONAL ECZEMA SOCIETY
IA Company Llmlt¢d by Guarnntee}
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2021
22. Reconclliatlon of net movement in funds to net cash ftow from operntlng actlvltles
GTOUP
2021
Gro
2020
Nel income for the year (as ppr Statement of F￿￿181 Ac*vthsl
151,183
187,642
Adju$tments for:
Depreciation charges
AMorlisa￿0n charges
Investment income
15
14
12.312
6.996
1856)
(114.754)
12.086)
8,390
5,160
{2,1431
(26,9501
7,940
InL¥ease in debtors
{DerxeaseYincrease in ¢￿ditorS
17
18
Net cash provldtd by operating aclivitles
52.795
180,039
23. Anatysls of cash and &ish equlvalents
Group
2021
Group
2020
Cash in hand
649.260
597.755
Total cash and cash equivalents
649.260
597.755
24. Analysls of Changes In net dèbt
At31
De¢ember
2021
January
2021 Cash flows
Cash at bank and in harKI
597.755
51.SOS
649.260
597.755
51.505
649.260
Page 45

NATIONAL ECZEMA SOCIETY
IA Company Llmited by Guarant••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
25. Operaling kase ¢ommltments
At 31 Decembw 2021 thè GrL￿p and the Charity h&J commitments to make future minimum lease
pwnents under ThJnwcancellat4e operating lease$ as foll¢￿$".
Group
2021
Group
2020
Charity
2021
Charity
2020
Not later than 1 year
Later than 1 year arKI not later than 5 sea
21,000
46,333
20.833
66.500
21,000
46,333
20.833
66,5(K)
67.333
87.333
67,333
87.333
The followng lease pa￿￿ents have been recogni5ed as an expertse in the Consolidated Stslemenl of
Financial Activities..
Group
2021
Grwp
2020
eharlty
2021
Charity
2020
Operating lease rentals
20,833
20.000
20,833
20,Cw)O
26. Related party transactlons
In the year ended 31 L)ecember 2021, donations of £1.200 (2020- £NILJ were made by 1 Trustee (2020-
None) lo the Charity.
Page 46