|CONTENTS|||PAGE|
|---|---|---|---|
|Reference and Administrative||Details||
|Trustees' report||||
|Independent
auditor's|report||12—14|
|Statement ofBnancial|activities||15|
|Balance sheet|||16|
|Cash Flow Statement|||17|
|Notes to the financial|statements||18-27|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||Note|2020|2020|2020|2019|
|INCONIE||||||
|Donations
and legacies||3,939||3,939|2,214|
|Charitable
actMties:||||||
|Membership
services
Conferences
&training||115,405
73,879||115,405
73,879|111,&71
237,299|
|Publications||678,373||678,373|648,040|
|||867,657||887,657|997,210|
|Other trading
activities: property|income|65,918||65,91S|93,747|
|Investments||5,891||5,891|8,654|
|TOTAL INCOME||943,405||943,405|1,101,835|
|EXPENDITURE||||||
|Charitable
activities:||||||
|Membership
services
Conferences 8 training
Resources 5 Education||46,650
181,166
209,770|1,813|46,650
182,979
209,770|79,641
274,077
172,261|
|Publications||417,546||417,548|395,553|
|TOTAL EXPENDITURE|3|855,132|1,813|856,945|921,642|
|Net (expenditure)l
income before
gains on investments||88,273|(1,&13)|86,460|180,193|
|Gains/(losses)
on investments||||149|15,437|
|NET (EXPENDITURE)l INCONIE 8
NET MOVEMENT
IN FUNDS||88,422|(1,813)|86,609|195,630|
|TOTAL FUNDS BROUGHT FORWARD||2,620,784|33,671|2,654,455|2,458,825|
|TOTAL FUNDS CARRIED FORWARD||2,709,206|31,858|2,741,064|2,554,455|
|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note||6|||
|FIXEDASSETS|||||||
|Intangible
fixed assets||||30,653||24,063|
|Tangible fixed assets||||1,080,897||1,129,267|
|Investments||||144,112||142,430|
|||||1,255,662||1,295,600|
|CURRENT ASSETS|||||||
|Debtors||10|99,301||149,195||
|Short term deposits
Cash at bank and in|hand||1,091,008
384,164||1,017,374
347,929||
|Creditors: amounts|falling due||1,574,473||1,514,498||
|within one year||11|(89,071)||(155,643)||
|NET CURRENT ASSETS||||1,485,402||1,356,655|
|NET ASSETS||||2,741,544||2.554.455|
|FUNDS|||||||
|Restricted
funds||||31,858||33,671|
|Unrestricted
funds|||||||
|Designated
funds||12|1,652,411||1,590,800||
|General
fund||12|1,056,795||1,029,964||
|||||2,709,206||2,620,784|
|||||2,741,064||2,654,455|
||||2020|2019||
|---|---|---|---|---|---|
|Net cash (used in)l||||||
|provided
by operating|activities|||||
|Net movement
in funds|||86,609|195,630||
|Add back depreciation/amortisation||charge|89,327|71,276||
|Less interest income|||(5,891)|(8,664)||
|(Increase)/ decrease
in debtors|||49,894|14,029||
|Increase
in creditors|||(66,772)|19,582||
|Net cash (used in)l||||||
|provided
by operating|activities||133,157||291,853|
|Net cash (used in)||||||
|investing
activities||||||
|Interest income|||5,891|8664||
|(Gains) on irwestments|||874|(12,888)||
|Purchase of irwestments|||(64,589)|(20,968)||
|Proceeds from sale of investments|||62,033|16,301||
|Purchase of intangible
fixed assets|||(27,508)|(75,995)||
|Net cash (used in)
investing
activities|||(23,298)||(64,887)|
|(Decrease)/ Increase in cash and cash
equivalents
in the year|||109,869||206,968|
|Cash and cash equivalents
beginning
ofthe year|at the||1,365,303|1,158,337||
|Total cash and cash equivalents
the end ofthe year||at|1,475,172|1,365,303||
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|3.|EXPENDITURE|||||||
|---|---|---|---|---|---|---|---|
|||||Other||||
|||||Direct|Support|||
|||||costs|costs|Total 2020|Total 2019|
|||||8||8|E|
||Charitable
ac8vides|||||||
||Membership
senices||13,725|6,869|26,056|46,650|79,641|
||Resources 5 Education||52,422|57,828|99,520|209,TTO|172,261|
||National conferences|||||||
||&training||41,383|63,033|78,563|182,979|446,338|
||Publications||103,258|11IL259|196,029|417,546|395,653|
||||210,788|245,989|400,'l68|856,945|1,093,903|
||Support costs are detailed||in Note 5 and|are allocated on the basis of||direct staif costs.||
|4.|NET INOVESIENT IN FUNDS|||||||
||This is stated atter charging:|||||2020|2019|
|||||||6||
||Auditors'
remuneration|for|audit (including|VAT)||8,640|8,400|
||Depreciation|||||48,389|71,278|
|5.|SUPPORT COSTS|||||||
|||||||2020f|2019|
||Gommance
Stalfcosts|||||9,826
118,421|19,785
100,600|
||Legal and professional
OSce
Establishment|||||43,730
103,396
124„795|50,551
111,673
'l02,585|
|||||||400,168|385,294|
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|STAFF CO|STS AND KEYISANAGEINENT
PERSON|NEL||
|---|---|---|---|
|||2020|2019|
|||6||
|Gross salaries||283,008|262,846|
|Redundancy|and termination|||
|Social security||25,215|23,286|
|Pensions||20,986|20,765|
|||329,209|306,897|
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|INTANGIBLE FIXEDA|SSETS||
|---|---|---|
||Website|Total|
|||E|
|Cost|||
|At 1 January 2020|73,087|73,087|
|Additions
in the year|27,508|27,508|
|Disposals
in the year|||
|At 31 December 2020|100,595|100,595|
|Amortisation|||
|At 1 January 2020|49,004|49,004|
|Charge for the year|20,938|20,938|
|Disposals
in the year|||
|At 31 December 2020|69,942|69,942|
|Net book value|||
|At 31December 2020|30,653|30,653|
|At 31 December 2019|24,083|24,083|
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|TANGIBLE FIXEDASS|ETS||||
|---|---|---|---|---|
|||Fixtures|||
||Freehold|and|Computer||
||Premisea|equipment|equipment|Total|
||||6|6|
|Cost|||||
|At 1 January 2020|1,000,000|340,405|24,459|1,364,864|
|Additions
in the year|||||
|Disposals
in the year|||||
|At 31 December 2020|1,000,000|340,405|24,459|1,364,864|
|Depreciation|||||
|At 1 January 2020|106,064|106,265|23,249|235,578|
|Charge for the year|15,152|32,027|1,210|48,389|
|Disposals
in the year|||||
|At 31 December 2020|121,215|138,293|24,459|283,967|
|Net book value|||||
|At 31 December 2020|878,785|202,113||1,080,897|
|At 31 December 2019|893,935|234,140|1,210|1,129,287|
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|9. INVESTMENTS||||2020|2019|
|---|---|---|---|---|---|
|||||6||
|At market value:||||||
|At I January 2020||||142,430|124,875|
|Additions||||64,589|20,968|
|Disposais||||(62,033)|(16,301)|
|Unrealised
gain on investments||||(874)|12,888|
|At 31 December 2020||||144,112|142,430|
|The above Investment|comprises:|||||
|Brewin Dolphin Portfolio||||'l35,538|134,363|
|Cash with fund manager||||8578|8070|
|||||144,114|142,433|
|Historical cost ofmanaged||portfolio||123,347|121,502|
|10.DEBTORS
Due within one year||||2020f|2019f|
|Trade debtors||||3,915|10,313|
|Prepay ments||||9,761|39,257|
|Sundry debtors and accrued|||income|85,625|99,625|
|||||99,301|149,195|
|11.CREDITORS
Due within one year||||2020
6|2019f|
|Trade creditors||||17,180|35,330|
|Accruals||||20,433|15,242|
|Deferred income||||28,421|65,927|
|Taxation and social security||||7,300|6,791|
|Pensions||||89|2,180|
|Other creditors||||13,070|17,831|
|VAT||||2,578|11,542|
|||||IEI,071|155,843|
|Deferred income||||||
|At 1 January
Released
in the year||||65,927
(65,927)|38,634
(38,634)|
|Incoming resources deferred|||in the current year|28,421|65,927|
|At 31 December||||28,421|65,927|
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||Brought|||Transfers|Carried|
|---|---|---|---|---|---|
|Restricted funds|forward
6|Income
E|Expenditure|and gains
6|forward
8|
|CPD initiative
JCPP 60th Anniversary|39,000
7,500||(5,329)
~7500||33,671|
|Total restricted funds|||(12,829)||33,671|
|Designated
funds||||||
|Fixed asset reserve
Clinical research course
Trainee initiative
COVID —19
Building maintenance
Total designated
funds|SO9,OSS
25,000
20000
954,088||(53,721)
~(20000
(73,721)|440,433
20,000
150,000
100,000
7'I0,433|1,295,800
25,000
20,000
'l50,000
'loo,ooo
1,590,800|
|General fund|1,458,237|1,101,835|(835,091)|(694,996)|1,029,985|
|TOTAL
FUNDS|2400 820|1.101025|~027 041|15,427|2,004,408|
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|COMPARATIVE SOFA|||||
|---|---|---|---|---|
|||Unmstricted|Restricted|Total|
||Note|2019|2019|201S|
|INCOSIE|||||
|Donations
and legacies||2,214||2,214|
|Charitable
actMties:|||||
|Membership
services||111,871||11'I,8T'I|
|Conferences
&training||237,299||237,29S|
|Branch activities|||||
|Publications||648,040||648,040|
|||997,210||997,210|
|Other trading
activities: property|income|93,747||93,747|
|Investments||8,664||8,664|
|Other income|||||
|TOTAL INCOME||1,101M5||1,101,835|
|EXPENDITURE|||||
|Charitable
activities:|||||
|Membership
services||79,641||79,641|
|Conferences
&traipsing||433,508|12,829|446,337|
|Publications||395,663||395,663|
|Meeting room facilities|||||
|TOTAL EXPENDITURE||908,812|12,829|921,641|
|Net (expenditure)l|||||
|income before gains on||193,023|(12,829)|180,194|
|investments|||||
|Gains/(losses)
on investments||15,437||15,437|
|NET (EXPENDITURE)l INCOME||208,460|(12,829)|195,631|
|TOTAL FUNDS BROUGHT FORWARD||2,412,325|46,500|2,458,825|
|TOTAL FUNDS CARRIED FORWARD||2,620,785|33,67'I|2,654,456|