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|CONTENTS|||PAGE|
|---|---|---|---|
|Reference and Administrative||Details||
|Trustees' report|||2 —10|
|Independent
auditor's|report||11—13|
|Statement
offinancial|activities||14|
|Balance sheet|||15|
|Cash Flow Statement|||16|
|Notes to the financial|statements||17-26|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||Note|2021|2021|2021|2020|
|INCOME||||||
|Donations
and legacies||2,000|21,035|23,035|3,939|
|Charitable
activities:||||||
|Membership
services||115,693||115,693|115,405|
|Conferences
8 training||232,290||232,290|73,879|
|Publications||649,894||649,894|678,373|
|||997,877||997,877|867,657|
|Other trading
activities: property|income|19,846||19,846|65,918|
|Investments||3,278||3,278|5,891|
|TOTAL INCOME||1,023,001|21,035|1,044,036|943,405|
|EXPENDITURE||||||
|Charitable
activities:||||||
|Membership
services||42,121||42,121|46,650|
|Conferences
& training||153,478|1,718|155,196|182,979|
|Resources 8 Education||257,430||257,430|209,770|
|Publications||483,002||483,002|417,546|
|TOTAL EXPENDITURE|3|936,031|1,718|937,749|856,945|
|Net (expenditure)l
income before
gains on investments||86,970|19,317|106,287|86,460|
|Gains/(losses)
on investments||13,031||13,031|149|
|NET (EXPENDITURE)l INCOME &
NET MOVEMENT
IN FUNDS||100,001|19,317|119,318|86,609|
|TOTAL FUNDS BROUGHT FORWARD||2,709,206|31,858|2,741,064|2,654,455|
|TOTAL FUNDS CARRIED FORWARD||2,809,207|51,175|2,860,382|2,741,064|
|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||Note||||E|
|FIXEDASSETS|||||||||
|Tangible
fixed assets||||||1,039,062||1,080,897|
|Intangible
fixed assets||||||34,501||30,653|
|Investments||||||157,789||144,112|
|||||||1,231,352||1,255,662|
|CURRENT|ASSETS||||||||
|Debtors||||10|168,959||99,301||
|Short term|deposits||||1,137,384||1,091,008||
|Cash at bank and||in|hand||428,074||384,164||
||||||1,734,417||1,574,473||
|Creditors:|amounts||falling due||||||
|within one year||||11|(105,387)||(89,071)||
|NET CURRENT ASSETS||||||1,629,030||1,485,402|
|NET ASSETS||||||2,860,382||2,741,064|
|FUNDS|||||||||
|Restricted|funds|||||51,175||31,858|
|Unrestricted|funds||||||||
|Designated
funds||||12|1,631,165||1,652,411||
|General|fund|||12|1,178,042||1,056,795||
|||||||2,809,207||2,709,206|
|||||||2,860,382||2,741,064|
|||||2021||2020|
|---|---|---|---|---|---|---|
|Net cash|(used in)/||||||
|provided|by operating|activities|||||
|Net movement
in funds||||119,318||86,609|
|Add back|depreciation/amortisation||charge|63,364||69,327|
|Less interest income||||(3,278)||(5,891)|
|(Increase)/|decrease
in debtors|||(69,658)||49,894|
|Increase
in creditors||||16,316||(66,772)|
|Net cash|(used in)/||||||
|provided|by operating|activities|||126,062|133,167|
|Net cash|(used in)||||||
|investing|activities||||||
|Interest income||||3,278||5,891|
|(Gains) on investments||||(9,666)||874|
|Purchase|of investments|||(24,073)||(64,589)|
|Proceeds|from sale of investments|||20,062||62,033|
|Purchase|oftangible fixed|assets||(5,631)|||
|Purchase|of intangible
fixed assets|||(19,745)||(27,508)|
|Net cash
investing|(used in)
activities||||(35,774)|(23,298)|
|(Decrease)/ Increase
in cash and
equivalents
in the year|||cash||90,288|109,869|
|Cash and
beginning|cash equivalents
of the year|at the|||1,475,172|1,365,303|
|Total cash|and cash equivalents||at||||
|the end ofthe year|||||1,565,460|1,475,172|
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|||Direct Staff|Other Direct|Support|||
|---|---|---|---|---|---|---|
|||costs|costs|costs|Total 2021|Total 2020|
|Charitable|activities||||||
|Membership|services|15,397|1,603|25,121|42,121|46,650|
|Resources|& Education|57,520|106,066|93,844|257,430|209,770|
|National
conferences|||||||
|& training||34,412|64,641|56,143|155,196|182,979|
|Publications||129,912|141,138|211,952|483,002|417,546|
|||237,241|313,448|387,060|937,749|856,945|
##
||||||
|---|---|---|---|---|
|This is stated after cha|rging:||2021|2020|
|||||E|
|Auditors'
remuneration|for audit (including|VAT)|8,640|8,640|
|Depreciation|||47,467|48,389|
|SUPPORT COSTS|||||
||||2021|2020|
|Governance|||9,110|9,826|
|Staff costs|||121,038|118,421|
|Legal and professional|||63,911|43,730|
|Office|||97,946|103,396|
|Establishment|||95,055|124,795|
||||387,060|400,168|
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|STAFF CO|STS AND KEY MANAGEMENT
PERSONN|EL||
|---|---|---|---|
|||2021|2020|
|Gross salaries||305,927|283,008|
|Redundancy|and termination|||
|Social security||27,921|25,215|
|Pensions||24,431|20,986|
|||358,279|329,209|
##
|INTANGIBLE FIXEDA|SSETS||
|---|---|---|
||Website|Total|
|Cost|||
|At 1 January
2021|100,595|100,595|
|Additions
in the year|19,745|19,745|
|Disposals
in the year|||
|At 31 December 2021|120,340|120,340|
|Amortisation|||
|At 1 January
2021|69,942|69,942|
|Charge for the year|15,897|15,897|
|Disposals
in the year|||
|At 31 December 2021|85,839|85,839|
|Net book value|||
|At 31 December 2021|34,501|34,501|
|At 31 December 2020|30,653|30,653|
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||||Fixtures||||
|---|---|---|---|---|---|---|
|||Freehold|and|Computer|||
|||Premises|equipment|equipment||Total|
|||F|||||
|Cost|||||||
|At 1 January|2021|1,000,000|340,405||24,459|1,364,864|
|Additions
in|the year||||5,631|5,631|
|Disposals
in|the year||||||
|At 31 December 2021||1,000,000|340,405||30,090|1,370,495|
|Depreciation|||||||
|At
1 January|2021|121,215|138,293||24,459|283,967|
|Charge for the year||15,152|31,281||1,035|47,467|
|Disposals
in|the year||||||
|At 31 December 2021||136,367|169,573||25,494|331,434|
|Net book value|||||||
|At 31 December 2021||863,633|170,832||4,596|1,039,062|
|At 31 December 2020||878,785|202,113-||0|1,080,897|
|9.|INVESTMENTS|||||2021|2020|
|---|---|---|---|---|---|---|---|
||At market value:|||||||
||At 1 January 2021|||||144,112|142,430|
||Additions|||||24,073|64,589|
||Disposals|||||(20,062)|(62,033)|
||Unrealised
gain/(loss)||on|investments||9,666|(874)|
||At 31 December|2021||||157,789|144,112|
||The above investment||comprises:|||||
||Brewin Dolphin|Portfolio||||151,932|135,538|
||Cash with fund|manager||||5,857|8,576|
|||||||157,789|144,114|
||Historical cost of|managed||portfolio||125,514|123,347|
|10.|DEBTORS|||||2021|2020|
||Due within one year|||||||
||Trade debtors|||||12,350|3,915|
||Prepayments|||||9,148|9,761|
||Sundry debtors and accrued||||income|147,461|85,625|
|||||||168,959|99,301|
|11.|CREDITORS|||||2021|2020|
||Due within one year|||||||
||Trade creditors|||||25,488|17,180|
||Accruals|||||19,832|20,433|
||Deferred
income|||||40,927|28,421|
||Taxation and social security|||||8,769|7,300|
||Pensions|||||2,933|89|
||Other creditors|||||1,914|13,070|
||VAT|||||5,524|2,578|
|||||||105,387|89,071|
||Deferred income|||||||
||At 1 January|||||28,421|65,927|
||Released
in the|year||||(28,421)|(65,927)|
||Incoming
resources deferred||||in the current year|40,927|28,421|
||At 31 December|||||40,927|28,421|
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|STATEMENT O|F FUNDS -|2020 (Comparativ|e)||||
|---|---|---|---|---|---|---|
|||Brought|||Transfers|Carried|
|||forward|Income|Expenditure|and gains|forward|
|Restricted funds|||||||
|Clinical research|course|33,671||(1,813||31,858|
|Total restricted|funds|33,671||(1,813)||31,858|
|Designated
funds|||||||
|Fixed asset reserve||1,295,800||(48,389)||1,247,411|
|Clinical research|course|25,000||||25,000|
|Trainee
initiative||20,000|||(20,000)||
|COVID - 19||150,000|||(150,000)||
|Building
maintenance||100,000||(53,065)|33,065|80,000|
|Video portal|||||300,000|300,000|
|Total designated|funds|1,590,800||(101,454)|163,065|1,652,411|
|General fund||1,029,985|943,405|(753,678)|(162,916)|1,056,795|
|TOTAL
FUNDS||2,654,456|943,405|(856,945)|149|2,741,064|
##
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|COMPARATIVE
SOFA||||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
|||Note|2020|2020|2020|
|INCOME||||||
|Donations
and legacies|||3,939||3,939|
|Charitable
activities:||||||
|Membership
services|||115,405||115,405|
|Conferences
8 training|||73,879||73,879|
|Branch activities||||||
|Publications|||678,373||678,373|
||||867,657||867,657|
|Other trading
activities: property|income||65,918||65,918|
|Investments|||5,891||5,891|
|Other income||||||
|TOTAL INCOME|||943,405||943,405|
|EXPENDITURE||||||
|Charitable
activities:||||||
|Membership
services|||46,650||46,650|
|Conferences
& training|||181,166|1,813|182,979|
|Resources
& Education|||209,770||209,770|
|Publications|||417,546||417,546|
|TOTAL EXPENDITURE|||855,132|1,813|856,945|
|Net (expenditure)l||||||
|income before gains on|||88,273|(1,813)|86,460|
|investments||||||
|Gains/(losses)
on investments|||149||149|
|NET (EXPENDITURE)I INCOME|||88,422|(1,813)|86,609|
|TOTAL FUNDS BROUGHT FORWARD|||2,620,784|33,671|2,654,455|
|TOTAL FUNDS CARRIED FORWARD|||2,709,206|31,858|2,741,064|